• Daily Digest

    Daily Digest 9/8 — BlackRock Raises $1 Billion for First Chinese Mutual Fund Run by Foreign Firm; Warming Climate is Causing Animals to ‘Shapeshift’…

    by Whitney

    Wednesday, September 8, 2021, 9:54 AM

Economy

BlackRock Raises $1 Billion for First Chinese Mutual Fund Run by Foreign Firm – WSJ

BlackRock Inc has raised roughly $1 billion for the first-ever mutual fund solely run by a foreign firm that is allowed to sell to Chinese individuals. The fundraising total, 6.68 billion yuan, marks a key milestone in U.S. and global asset managers’ yearslong quest for a bigger presence in the world’s second-largest economy.

Crypto exchanges struggle as El Salvador adopts Bitcoin – The Verge

Today, Bitcoin is becoming an official currency in El Salvador, and the markets and crypto exchanges seem to be struggling. On Tuesday morning, the price of Bitcoin plunged from around $50,000 down to under $43,000 according to Coinbase — it seems that the country’s official Bitcoin app also hasn’t been able to keep up.

CNBC reports that El Salvador’s official crypto app, Chivo, was unavailable for new users to install on Tuesday morning. The country’s president, Nayib Bukele, has since announced that the app would be reopening for signups, though he did call the new uptime a “test.”

Major exchanges like Coinbase and Kraken have also reported having issues with payments or transactions not going through or being delayed. Not everyone is having issues with trading, though: Cash App reports no problems with its Bitcoin services, and Robinhood hasn’t reported any problems trading crypto assets either.

A mobile money company is Francophone Africa’s first billion-dollar startup – Quartz

Mobile money is making money for companies riding the coat tails of its steady rise in Africa, and the latest beneficiary is Wave, a startup based in Senegal that has raised $200 million in a Series A round from investors at a $1.7 billion valuation.

Wave bills itself as being similar to PayPal in terms of offering easy money transfer between peers, but it works with mobile money accounts instead of bank accounts. Customers visit physical agent posts to make deposits and withdrawals without a fee, or use a smartphone app with a flat 1% cut of the money being sent.

Environment

The warming climate is causing animals to ‘shapeshift’ – Phys.org

Climate change is not only a human problem; animals have to adapt to it as well. Some “warm-blooded” animals are shapeshifting and getting larger beaks, legs, and ears to better regulate their body temperatures as the planet gets hotter. Bird researcher Sara Ryding of Deakin University in Australia describes these changes in a review published September 7th in the journal Trends in Ecology and Evolution.

In NYC after Ida, Biden calls climate ‘everybody’s crisis’ – AP

President Joe Biden declared climate change has become “everybody’s crisis” on Tuesday as he toured neighborhoods flooded by the remnants of Hurricane Ida, warning it’s time for America to get serious about the “code red” danger or face ever worse loss of life and property.

Avocados and vanilla among dozens of wild crop relatives facing extinction – Guardian

Wild relatives of some of the world’s most important crops, including potatoes, avocados and vanilla, are threatened with extinction, according to a study.

Vanilla, an orchid native to South and Central America, is facing the highest risk of extinction, with all eight wild species found in the region listed as endangered or critically endangered on the International Union for the Conservation of Nature’s (IUCN) red list of threatened plants and animals.

Wild cotton is the second-most threatened with 92% of species at risk of disappearing, according to the study. Three in five avocado species are at risk, while 23% of wild potato species are facing extinction.

Health

Detroit hospital system employees file lawsuit over COVID-19 vaccine mandate – The Hill

Around 50 health care employees are suing a Detroit hospital system over its requirement for all workers to be fully vaccinated against COVID-19, arguing that the mandate unconstitutionally infringes on a person’s bodily autonomy.

The complaint, filed Monday in the U.S. District Court for the Eastern District of Michigan, said that the vaccine mandate from the Henry Ford Health System, which is scheduled to officially take effect Friday, violates the Fourteenth Amendment’s protection of “personal autonomy and bodily integrity.”

Public-health experts say this year’s flu season could result in 3 times as many hospitalizations as usual, further straining medical resources – Business Insider

A team of public-health experts predict this year’s flu season could result in three times as many hospitalizations as a normal year, putting a further strain on the healthcare system during the coronavirus pandemic, NBC News reported.

The Centers for Disease Control and Prevention estimates that the US has had 9.3 million to 45 million flu illnesses a year since 2010, and its most recent estimates indicate the country averages more than 200,000 flu hospitalizations a year.

New Details Emerge About Coronavirus Research at Chinese Lab – The Intercept

Newly released documents provide details of U.S.-funded research on several types of coronaviruses at the Wuhan Institute of Virology in China. The Intercept has obtained more than 900 pages of documents detailing the work of EcoHealth Alliance, a U.S.-based health organization that used federal money to fund bat coronavirus research at the Chinese laboratory. The trove of documents includes two previously unpublished grant proposals that were funded by the National Institute of Allergy and Infectious Diseases, as well as project updates relating to EcoHealth Alliance’s research, which has been scrutinized amid increased interest in the origins of the pandemic.

Related content
» More

8 Comments

  • Wed, Sep 08, 2021 - 11:25am

    #1
    westcoastjan

    westcoastjan

    Status: Platinum Member

    Joined: Jun 04 2012

    Posts: 1001

    5

    Journalism victory over Trudeau in court!

    https://www.rebelnews.com/victory_rebel_news_wins_case_eleven_journalists_federal_leaders_debates?utm_campaign=el_electionwin2_9_8_21&utm_medium=email&utm_source=therebel

    BREAKING: Rebel News wins lawsuit against Trudeau government.

    Eleven Rebel News journalists are now accredited for tonight's leaders' debates.

    Moments ago the Federal Court of Canada issued its ruling on our emergency hearing yesterday.

    Justice Elizabeth Heneghan agreed with us that Justin Trudeau’s hand-picked debates commission was wrong to have excluded our Rebel News reporters from attending the leaders debates.

    This was the second time Trudeau tried to censor us — he blocked us in the 2019 election, too, and the Federal Court ruled in our favour then, too.

     

    Login or Register to post comments

  • Wed, Sep 08, 2021 - 12:26pm

    #2
    westcoastjan

    westcoastjan

    Status: Platinum Member

    Joined: Jun 04 2012

    Posts: 1001

    5

    How things really are re the Canadian election...

    Login or Register to post comments

  • Wed, Sep 08, 2021 - 1:26pm

    #3
    westcoastjan

    westcoastjan

    Status: Platinum Member

    Joined: Jun 04 2012

    Posts: 1001

    3

    More legal challenges against BC under way

    https://theccf.ca/ccf-preparing-to-take-bc-government-to-court-to-halt-discriminatory-vaccine-passports/?_se=ZmFybWVyNEBwcm90b25tYWlsLmNvbQ%3D%3D

    The Canadian Constitution Foundation (CCF) is preparing to litigate over the British Columbia government’s discriminatory vaccine passports. The CCF has written to the provincial government to ask them to end the policy. The BC government confirmed again today that the policy will include no exemptions for people who cannot get vaccinated for medical reasons. ...

    Login or Register to post comments

  • Wed, Sep 08, 2021 - 2:21pm

    #4

    pinecarr

    Status: Platinum Member

    Joined: Apr 13 2008

    Posts: 1389

    7

    Tuscon pauses COVID-19 Vaccine after Arizona AG Deems It Illegal

    You go Arizona!!!

    The city of Tuscon has paused a mandate that ordered employees to get a COVID-19 vaccine or face five days of suspension and other discipline.

    Arizona’s attorney general said Tuesday that the mandate, imposed last month, was illegal because it violated an executive order that Gov. Doug Ducey unveiled earlier this year, in addition to a state law that is set to go into effect later this month.

    Mark Brnovich, the attorney general, warned Tuscon officials that unless the mandate was rescinded, he would proceed with directing the state treasurer to withhold the city’s portion of state shared revenue until officials halted the policy.

    The revenue for the current fiscal year was estimated at more than $175 million by the Arizona League of Cities and Towns.

    Tuscon officials, in statements released by the city, decried the finding by Brnovich’s office but said they’ll pause the policy, at least for now.

    https://www.theepochtimes.com/mkt_breakingnews/tucson-pauses-covid-19-vaccine-mandate-after-arizona-attorney-general-deems-it-illegal_3987020.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-09-08-1&mktids=6a808784163d3a35b971009606838462&est=q6Q7kKwaqlsATTmZoir1l1CX6I5cz9csftbeFeRuzBrPyRFNtAdv4CjT8tJITh%2F3Kl2q

    Login or Register to post comments

  • Wed, Sep 08, 2021 - 2:42pm

    Canuck21

    Canuck21

    Status: Gold Member

    Joined: Aug 10 2020

    Posts: 815

    4

    Trudeau = hate speech

    I do not understand why no one lays criminal charges against Justin Trudeau for hate speech.

    Login or Register to post comments

  • Wed, Sep 08, 2021 - 6:10pm

    #6
    westcoastjan

    westcoastjan

    Status: Platinum Member

    Joined: Jun 04 2012

    Posts: 1001

    6

    LOL!!!

    Login or Register to post comments

  • Wed, Sep 08, 2021 - 6:44pm

    #7

    pinecarr

    Status: Platinum Member

    Joined: Apr 13 2008

    Posts: 1389

    1

    Coming: Mass Dumping Of Dollars For Metals | Andy Schectman

    I found this discussion with Andy Schectmen to be very interesting.  Andy has a unique perspective on the precious metals market, as the President and CEO of Miles Franklin, and he openly shares what he is now seeing -and his assessment of the situation- with the rest of us.  Some might brush his talk off as marketing.  But my impression was that he doesn't have to worry too much about marketing right now; they have more and more BIG money coming to them to make purchases.  His warning to us not-Big-money folks is that if you want product, get it while you can.  He anticipates big $ folks moving in before too long and just buying out all their stock (PMs).





    Login or Register to post comments

  • Wed, Sep 08, 2021 - 7:27pm

    DanBC

    DanBC

    Status: Member

    Joined: Sep 08 2021

    Posts: 25

    0

    DanBC said:

    LOL. How true. The CPC candidate in my riding, reads like a true blue NDP, from her biography. Shameful.

    Vote Max/PPC

    Login or Register to post comments