U.S. Covid cases could near zero in 6 months, UBS economist says

first_imgThe United States has experienced more than 10 million Covid-19 cases since the pandemic started. The country has seen record highs this week in terms of coronavirus hospitalizations and daily infections, with 153,496 cases on Thursday, according to Johns Hopkins University.This comes as speculation mounts on whether the U.S. economy will be shut down once again. An advisor to President-elect Joe Biden has said that closing businesses for four to six weeks could help reduce the number of infections and get the economy on track until a vaccine is approved and distributed.With cases surging in Chicago, Mayor Lori Lightfoot asked residents on Thursday to cancel Thanksgiving plans and stay indoors. – Advertisement – LONDON — The latest coronavirus vaccine developments have brightened the outlook for the U.S. economy, with UBS economists boosting their GDP forecasts for the country. Pfizer and BioNTech announced Monday that their Covid-19 vaccine was more than 90% effective in preventing the infectious disease. The announcement fueled optimism that the pandemic could come to an end sooner rather than later, driving up stock markets globally.- Advertisement – UBS had originally estimated that the number of coronavirus infections in the U.S. would approach zero by the end of 2021, but the vaccine news has made the bank bring that forecast forward by six months.“We might get a situation where reported cases of Covid in the United States fall very close to zero in Q2 (second quarter) of next year. That six month difference, that two-quarter difference matters a lot, it means an extra 1 to 1.25 percentage point gain in GDP next year,” Seth Carpenter, chief U.S. economist at UBS, told CNBC’s Joumanna Bercetche on Thursday.He added that the vaccine news “was very encouraging” because the efficacy rate came in much higher than analysts were anticipating.- Advertisement –center_img – Advertisement – Carpenter’s comments differ to the caution portrayed by experts such as White House coronavirus advisor Dr. Anthony Fauci. He warned on Thursday that a vaccine may not be enough to help eradicate the disease.“I doubt we are going to eradicate this. I think we need to plan that this is something we may need to maintain control over chronically. It may be something that becomes endemic, that we have to just be careful about,” he said.Fiscal supportThe performance of the U.S. economy in 2021 will also depend on how much fiscal stimulus is approved. Talks between Democrats and Republicans have not yielded a deal, and there’s more uncertainty in the aftermath of the presidential election.Carpenter believes U.S. policymakers will disappoint markets by providing a lower-than-expected support package.“We are actually a little bit pessimistic here relative to where the market is, so we have written down about a $450 billion package that comes in Q1 (first quarter) next year,” he said. In speaking with clients, he said markets are expecting $1 trillion in fiscal stimulus.UBS assumes that Republicans will retain control of the Senate. If the Senate were to be led by Democrats, the bank believes the stimulus could be near $1 trillion.Correction: An earlier version misstated the amount in the first U.S. fiscal stimulus package.last_img read more

Byrne brings successes to UW

first_imgWisconsin has built itself into a cross country powerhouse over the past several years. New head coach Mick Byrne understands that, and he doesn’t want that to change.Byrne addressed the media Monday for the first time since taking over for former head coach Jerry Schumacher, who left the program to take a position with Nike as a coach for elite runners.“I’m a new old guy on the block, so I’m really excited to be here,” Byrne said. “A little bit different, obviously, than the Bronx.”Byrne acknowledged the legacy Schumacher left behind but also boasts a rather impressive r?sum? himself.As the head coach at Iona College in New York for 24 years, his Gaels team finished second in last year’s national championship — ahead of Wisconsin, which finished fifth. Iona also claimed third place in 2006 and fourth place in 2003 and 2005.“Wisconsin’s had a great tradition. We’ve also, by the way, had a great tradition at Iona College,” Byrne said. “The plan is to continue a great tradition and get out there and get back on the podium this year and win the Big Ten. We’ve won it the past nine years, so I’m looking forward to, hopefully, our 10th victory and then going out to nationals and getting back on the podium as a top four finisher.”The transition between coaches elicited mixed results among the Badger runners. Two members of the UW squad — Brandon Bethke and Evan Jager — chose to take different paths, leaving the team.“The way I look at it is any change you can either look at as an opportunity or you can go the other way with it,” Byrne said. “Unfortunately, those guys needed to move on and do something differently.”Even though this year’s roster is already familiar with Schumacher’s style, Byrne feels he brings a lot to a program rich in tradition.“I think a lot of what we do philosophy-wise is pretty similar,” Byrne said of Schumacher. “We might have a different approach to some aspects of it, but I think kids are always looking for new ideas. I think I’m bringing some fresh ideas.”Moving to the bigger stage in Madison presents new opportunities for Byrne. At Iona — a small school in the Bronx with an enrollment of just 3,500 — there wasn’t much on campus to draw in potential student-athletes on recruiting visits.“It was tough for us to get kids from the Midwest to come to Iona College,” Byrne said. “The differences are obvious. Big-time football, big-time basketball, hockey — all the great things that any 17, 18-year-old kid would enjoy on a college campus. We didn’t have that. The atmosphere was completely different.” In fact, Byrne himself has already taken in some of the big-campus atmosphere since he arrived.“I’ve spent my last two Saturdays at the games, and I’m just blown away by the whole atmosphere, the involvement of the student bodies, the involvement of the community,” Byrne said. “It seemed like everybody in the state of Wisconsin (was) at the games the last two weeks.”To some, it may come as a surprise to see Byrne leave such a successful program at Iona that he had helped build. But for him, the move was something he had wanted to do for a while, but was waiting for the right time.That time was now.“The University of Wisconsin is Big Ten, big-time athletics. I always wanted to make that move,” Byrne said. “It was a great time to make it right now. I felt we were at the top of the game at Iona College. The last couple of years, we were fourth, third and second [at nationals]. I felt that if I was ever going to do it, it was the right time to do it.”last_img read more

New Local Link timetable and bus shelters lauched in Inishowen

first_imgThe installation of new Local Link bus shelters in Buncrana was discussed in a meeting at the Public Service Center, Carndonagh on Wednesday last.Members from the Donegal County Council, bus operators, Local Link Donegal and council engineering staff gathered to discuss the new shelters.It was also announced that going forward all public and private transport will only be stopping at these identified stops as and from the Monday 26th August 2019.Local Link also launched a transport booklet of all Local Link services both scheduled and demand-responsive for the Inishowen area. These transport services are all now running and further information can be found on the Local Link Donegal Facebook page or visit www.lcoallinkdonegal.ieCopies of the booklet can be got in most public places.New Local Link timetable and bus shelters lauched in Inishowen was last modified: August 21st, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Evaluate this year’s hybrids to plan for 2017

first_imgShare Facebook Twitter Google + LinkedIn Pinterest As farmers open up corn and soybean fields and get the 2016 harvest rolling it is important to take a good look at how this year’s products handled the difficult growing season. Asgrow/DEKALB technical agronomist Brad Miller shares his tips with The Ohio Ag Net’s Ty Higgins.last_img