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Daily Digest 6/4 – Next Wave of U.S. Job Cuts Targets Higher-Paid Workers, COVID Policy Based On Suspect Data

Summary:
Economy U.S. manufacturing activity crawls off 11-year low (tmn) The ISM said its index of national factory activity rose to a reading of 43.1 last month from 41.5 in April, which was the lowest level since April 2009. A reading below 50 indicates contraction in manufacturing, which accounts for 11% of the U.S. economy. May marked the third straight monthly contraction. Still, the first increase in the ISM index since January mirrored improvements in regional manufacturing surveys in May and suggested April was the nadir for economic activity. A survey on Monday from data firm IHS Markit also showed stabilization in manufacturing conditions in May. Next Wave of U.S. Job Cuts Targets Millions of Higher-Paid Workers (Sparky1) Nonfarm payrolls are projected to have dropped by another 8

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Daily Digest 6/4 – Next Wave of U.S. Job Cuts Targets Higher-Paid Workers, COVID Policy Based On Suspect Data

Economy

U.S. manufacturing activity crawls off 11-year low (tmn)

The ISM said its index of national factory activity rose to a reading of 43.1 last month from 41.5 in April, which was the lowest level since April 2009. A reading below 50 indicates contraction in manufacturing, which accounts for 11% of the U.S. economy. May marked the third straight monthly contraction.

Still, the first increase in the ISM index since January mirrored improvements in regional manufacturing surveys in May and suggested April was the nadir for economic activity. A survey on Monday from data firm IHS Markit also showed stabilization in manufacturing conditions in May.

Next Wave of U.S. Job Cuts Targets Millions of Higher-Paid Workers (Sparky1)

Nonfarm payrolls are projected to have dropped by another 8 million—reflecting the continuing impact of lockdowns and the start of the second-wave impact—after a record decline of 20.5 million in April. ADP figures on Wednesday, however, showed private payrolls fell by 2.76 million in May, suggesting Friday’s decline will be smaller than expected.

Gilead’s remdesivir could see $7 billion in annual sales on stockpiling boost: analyst (Sparky1)

The estimate comes a month after Boston-based Institute for Clinical and Economic Review suggested a price of $4,500 per U.S. treatment course for 10 days.

Remdesivir is yet to win a formal U.S. approval and Porges said commercial sales of the drug could begin later this year. He expects government stockpiling to begin late next year and said half of the forecasted sales of nearly $7.7 billion in 2022 could come from stockpiling contracts.

When we go back to eating out, more of us will pay with our phones (Sparky1)

“The handling of cash creates consumer concerns about the spread of viruses,” Starbucks (SBUX) CEO Kevin Johnson wrote in an open letter in early May describing the company’s plan to reopen. He noted that Starbucks is adding new features to its app to include voice ordering through Siri and more opportunities for rewards. The app already shows which restaurants have mobile order and pickup so that customers can plan their visits and manage expectations before they get to the store.

Police brutality prompted the protests. In some cities, the police response only proved the protesters’ point (tmn)

It’s a fast-moving situation, with dramatically different scenes unfolding in different cities, and even — at times — on different blocks. Some officers have garnered praise for showing solidarity with protesters by kneeling beside them, or for defusing tensions by talking face-to-face with demonstrators.

“That’s what people in the community want. They really want to be joined with their police department. They want to feel a sense of trust,” says Cedric Alexander, a CNN law enforcement analyst and former president of the National Organization of Black Law Enforcement Executives.

Black Lives Matter activism is working (tmn)

And needless to say, while some police killings represent abusive, illegal, or at a minimum, avoidable behavior, sometimes the police kill someone because they could be a bona fide danger to the public. That’s why the deaths of unarmed suspects have been a particular focus of activism.

Here, too, we see a large (albeit slightly unsteady) decline.

Police Brutality and Black Health: Setting the Agenda for Public Health Scholars (BM)

Certainly, excessive use of physical violence constitutes brutality. But as others have noted, brutality goes beyond physical force. It includes emotional and sexual violence as well as verbal assault and psychological intimidation. Bandes argues that the term “brutality” conveys more than police misconduct: “It is police conduct that is not merely mistaken, but taken in bad faith, with the intent to dehumanize and degrade its target.” We argue for these more expansive definitions of brutality but also believe that police actions that constitute brutality and that dehumanize and degrade occur even in the absence of conscious intent.

Remember Ozarks’ Memorial Day “Zero-Ducks-Given Pool-Party”? Well, COVID Was There (Mark F.)

The person — who health officials won’t identify — was also seen at Shady Gators and Lazy Gators and Buffalo Wild Wings over the holiday weekend.

Missouri officials have been reopening the state’s economy – on Monday — casinos were opened for the first time in months. However, health officials recently called the Backwater Jack’s pool party “reckless behavior” in a statement, saying it “endangers countless people and risks setting us back substantially from the progress we have made in slowing the spread of COVID-19.”

Exclusive: Coronavirus began ‘as an accident’ in Chinese lab, says former MI6 boss (PS)

In an interview with The Telegraph, Sir Richard Dearlove said he had seen an “important” new scientific report suggesting the virus did not emerge naturally but was man-made by Chinese scientists.

The apparent discovery will raise the prospect of China paying “reparations” for the death and economic catastrophe wreaked upon the world, the former intelligence chief said. It comes as Beijing faces growing pressure to explain precisely how coronavirus first began to spread late last year.

Surgisphere: governments and WHO changed Covid-19 policy based on suspect data from tiny US company (Bryan)

The World Health Organization and a number of national governments have changed their Covid-19 policies and treatments on the basis of flawed data from a little-known US healthcare analytics company, also calling into question the integrity of key studies published in some of the world’s most prestigious medical journals.

Nobel winning virologist – SARS- COV 2 lab created, mutating into less deadly disease (Carla T.)

We knew this last January when the Indian study was released. But we now have confirmation from the virologist who discovered the HIV virus. It definitely came from the Wuhan lab – BUT the Wuhan lab was funded by the US government and by Bill Gates’ Foundation and partly staffed by American scientists. We have yet to discover who exactly released this deadly pathogen from the lab.

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