Category: Workplace Issues

Daily Briefing -223

Post: Jan. 3, 2021

COVID and “Winter Cluster Plan” Update

Governor Cuomo issues a press release yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Saturday, January 2nd. 

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital =  7963
    • COVID Hospitalizations as Percent of  Population =  .004%
    • Percent of Hospital Beds Available in State  = 30%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  926
    • COVID Hospitalizations as Percent of Region Population =  .004%
    • Percent of Hospital Beds Available in Region  = 34%
  • ICU Beds Statewide
    • Total ICU Beds   =  5720
    • Occupied ICU Beds =  4035
    • Percent of ICU Beds Available  = 29%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  687
    • Occupied ICU Beds =  414
    • Percent of ICU Beds Available  =39%
  • Transmission Rate (R0): 1.02
  • Statewide Positivity Rate: 7.98%

Here are some useful websites:


Senate Overrides Trump’s Veto of NDAA Defense Bill

The Senate voted to override President Trump’s veto of a $740.5 billion defense bill Saturday 81-13.  The National Defense Authorization Act is an annual measure that secures hazard-pay raises for troops and authorizes funds for aircraft, ships, nuclear weapons, and other national-security programs. Mr. Trump had threatened to veto this year’s bill before it passed Congress, but lawmakers had moved forward anyway, approving it with wide majorities.

Mr. Trump has objected to several provisions in this year’s NDAA. He has criticized it for including measures that would strip military bases of names honoring Confederate military leaders and regulate troop withdrawals he has sought in Afghanistan and Germany. 

Read more at the WSJ


Georgia Senate Runoff Election

Georgia’s Senate run-off elections arrive tomorrow after a whirlwind two-month campaign that smashed fundraising records, inspired historic voter turnout, bombarded the airwaves with ads, and loomed over congressional negotiations on major spending legislation.

The stakes may never have been higher in such a narrow election. Amid President Donald Trump’s incessant attacks on Georgia’s election integrity, four people are seeking two seats that will determine which party controls the Senate. For President-elect Joe Biden, nothing less than his entire agenda is on the table.


Empire Center: NYS Summary of COVID-19 Contact Tracing Data Raises More Questions Than It Answers

The Empire Center’s Bill Hammond writes that as part of his Dec. 11 briefing, Gov. Cuomo shared a table listing the percentages of 46,000 COVID-19 cases that contact tracers had linked to various exposure sources in September, October and November. Topping the list was a category called “household/social gatherings,” which was said to account for 73.84 percent of the traced cases. “Healthcare delivery” was second at 7.81 percent, followed by “higher education student” at 2.02 percent, “restaurants & bars” at 1.43 percent and another 26 groupings with lower percentages.

Cuomo cited the high number for “household/social gatherings” as bolstering his policy against in-home parties of more than 10. But the category in question seemed to encompass a range of possibilities, including transmission within a household (say, from a husband to a wife, or a child to a parent) as well as get-togethers involving outside guests. Lumping these two common scenarios together made it difficult to judge the risk of either exposure source on its own.

Read more at Empire Center


Unemployment Claims Fall

The number of Americans filing first-time claims for unemployment benefits unexpectedly fell last week but remain elevated more than nine months into the health and economic crisis triggered by the coronavirus pandemic.  Initial claims for state unemployment benefits slid to a seasonally adjusted 787,000 for the week ended Dec. 26, compared with 806,000 in the prior week, the Labor Department said on Thursday. Economists polled by Reuters had forecast 833,000 applications in the latest week.

Though jobless claims have dropped from a record 6.867 million in March, they have held persistently above their 665,000 peak hit during the 2007-09 Great Recession. The weekly unemployment claims report, the most timely data on the economy’s health, aligns with other recent weak economic reports, including a decline in consumer confidence to a four-month low in December and drops in both consumer spending and income last month.

Read more at Reuters


Covid-19 Vaccine’s Slow Rollout Could Portend More Problems

Of the more than 12 million doses of vaccines from Moderna Inc. and Pfizer Inc. with BioNTech SE that have been shipped, only 2.8 million have been administered, according to federal figures. 

Public health officials and states say uptake is lagging for several reasons, beginning with holiday seasons that have kept staff of hospitals and nursing homes away from work. They also note they are facing high percentages of people, including some health-care workers, who are skeptical of taking the shots.  Hospitals and other sites are staggering appointments to avoid pulling too many workers from caring for patients amid a nationwide surge in Covid-19 cases. Administration of the vaccines also takes more time than a typical flu shot, particularly since they are being done in a socially distant way and may be preceded by a Covid-19 test.  In addition, people who receive vaccines are being monitored for at least 15 minutes in case of allergic reactions. 

Read more at the WSJ


Vaccine Tracker Now Available On Johns Hopkins Coronavirus Resource Center

Johns Hopkins University’s Coronavirus Resource Center has launched a tracking tool to offer daily updates and nationwide perspective on the progress of the COVID-19 vaccination rollout in the United States.

The vaccine tracker shows the latest numbers for doses administered by U.S. states that have started to make this data available. As of Monday, Dec. 21, data for 21 states is included, and the tracker will expand as more states make this data available, new vaccines are approved, and consistent data standards are established.


National Geographic: What We’ve Learned About How Our Immune System Fights COVID-19

Scientists have made significant strides in understanding one of the pandemic’s biggest mysteries: Why some people recover quickly while others develop severe cases of the coronavirus.
Twelve months of study have shown that our bodies, in many cases, develop a robust and persistent immune response to SARS-CoV-2, but for some people with severe cases, it can go haywire and hurts more than helps.

Our fundamental comprehension of immune responses to the coronavirus has grown significantly, but more questions—like the longevity of immunity—are still to be answered, especially amid concerns that mutations may help SARS-CoV-2 evade our immunological defenses. With vaccination on the horizon for many at-risk individuals, the immune response’s intricacies are even more critical to understand.

Read more at NatGeo


SARS-CoV-2 Variants are Optimized for Spreading – Following the Evolutionary Rule Book

Natural selection is a powerful force. In circumstances that are still disputed, it took a bat coronavirus and adapted it to people instead. The result has spread around the globe. Now, in two independent but coincidental events, it has modified that virus still further, creating new variants which are displacing the original versions. It looks possible that one or other of these novel viruses will itself soon become a dominant form of sars-cov-2.

So far, the evidence suggests that despite their extra transmissibility, neither new variant is more dangerous on a case-by-case basis than existing versions of the virus. In this, both are travelling the path predicted by evolutionary biologists to lead to long-term success for a new pathogen—which is to become more contagious (which increases the chance of onward transmission) rather than more deadly (which reduces it). And the speed with which they have spread is impressive.

Read more in The Economist


 

Daily Briefing – 222

Post: Dec. 30, 2020

COVID and “Winter Cluster Plan” Update

Governor Cuomo held a press briefing yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Tuesday, December 29th. In addition to the Buffalo Bills announcement (see story below) the governor announced that a total of 203,000 New Yorkers have received the first dose of vaccine. Next week the State will open eligibility to ambulatory care health care workers and public facing health care workers (including those administering COVID-19 tests).

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  7892
    • COVID Hospitalizations as Percent of Region Population =  .004%
    • Percent of Hospital Beds Available in State  = 31%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  906
    • COVID Hospitalizations as Percent of Region Population =  .004%
    • Percent of Hospital Beds Available in Region  = 35%
  • ICU Beds Statewide
    • Total ICU Beds   =  5,662
    • Occupied ICU Beds =  4054
    • Percent of ICU Beds Available  = 31%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  684
    • Occupied ICU Beds =  430
    • Percent of ICU Beds Available  = 41%
  • Transmission Rate (R0): 1.02
  • Statewide Positivity Rate: 8.66%

Here are some useful websites:


Mid-Hudson COVID-19 Cluster Maps


Oxford-AstraZeneca COVID Vaccine Approved by UK Regulator

Britain became the first country to authorize the covid-19 vaccine from AstraZeneca and Oxford University. The vaccine is cheaper and easier to make than those already in use, but clinical-trial data caused confusion: a half-dose followed by a full dose appeared more effective than two full doses. The British regulator has approved two full doses, saying there was insufficient evidence for approving an initial half-dose.

Read more at CNBC


U.S. Reports First Case of New Covid-19 Variant

Colorado reported the first case in the U.S. of a fast-spreading variant of Covid-19 that was first detected in the U.K. and led to a widespread lockdown and travel restrictions there. Health officials said the case was confirmed by a state lab and found in a man in his 20s in Elbert County, southeast of Denver. The man, who had no history of travel, had been placed into isolation and details of his case were reported to the U.S. Centers for Disease Control and Prevention.

Health officials said they were working to identify other potential cases and contacts through contact-tracing protocols. Authorities said the man is recovering in isolation and no close contacts had been identified so far.  
The CDC said in a written statement that the agency was aware of Colorado’s report of the first U.S. case associated with the U.K. variant. The agency said it expected there to be additional cases in the coming days.

Read more at the WSJ


NYS Updated Quarantine Guidance, What You Need to Know from Bond Schoeneck and King 

On December 26, 2020, the New York State Department of Health (DOH) updated its mandatory quarantine requirements (the Quarantine Advisory) for people who have been exposed to COVID-19 but do not develop symptoms. The Quarantine Advisory may be found here. Previously, asymptomatic individuals who had been exposed to COVID-19 had to quarantine for 14 days. Now, such individuals must quarantine for 10 days. Importantly, the Quarantine Advisory also applies to individuals who traveled to a non-border state or country. DOH also updated its protocols for healthcare personnel to return to work following a COVID-19 exposure, so long as they remain asymptomatic (the Healthcare Protocols). They, too, will be subject to the new shortened 10-day quarantine. 

Read the update from BSK


Senate Sets Defense Bill Veto Override in Motion for Weekend

The Senate moved Wednesday toward a vote to override President Donald Trump’s veto of a $740.5 billion defense policy bill, setting up a clash with the White House that may not culminate until the final hours before a new Congress begins on Sunday.

Majority Leader Mitch McConnnell was forced Wednesday to schedule a series of procedural votes because Senator Bernie Sanders of Vermont is delaying the process by demanding a separate vote on increasing pandemic stimulus payments to $2,000 from $600 for most Americans. That increase has been championed by Trump and Democrats, but many Republicans are opposed, and McConnell has refused to bring it up as a stand-alone bill. Under Senate procedures, the impasse could delay the vote on whether to override a Trump veto for the first time until Saturday, or even as late as Sunday before the current Congress ends at noon Washington time.

 Read more at Bloomberg


Extended Unemployment Benefits From the COVID Relief Act Will Kick In Next Week

Unemployed New Yorkers Will Receive an Additional $300 Weekly Supplement and Extended Pandemic Unemployment Assistance or Pandemic Emergency Unemployment Compensation Starting the Week of January 3rd The federal government has extended federal unemployment benefits for an additional eleven weeks through March 14, 2021. New Yorkers currently receiving benefits do not need to call the Department of Labor to receive these extended benefits — they should continue to certify for unemployment benefits in their usual manner and will automatically receive extended benefits. Those whose unemployment benefit year has ended should reapply online.

Implement details are in the press release


The Economist Asks – How Quickly Will America’s labor Market Recover?

One of the biggest questions facing the world economy in 2021 is how fast America’s labor market will recover. Optimists point to the rapid decline in the unemployment rate after the first wave of the pandemic—from nearly 15% in April to 6.7% in November—as a reason for a speedy recovery. Pessimists’ go-to statistic is the high and rising rate of the long-term unemployed, those who have been out of work for more than six months. It has risen from 0.7% of the labor force in February to 2.5% today. 

On average, the longer someone is unemployed, the harder it is for them to find work. In part that may be because the least productive workers, for whom the labor market is always an unwelcoming place, are more likely to experience long spells of unemployment during downturns. But spending months on the sofa also causes people’s skills to atrophy. As a result, recessions inflict lasting scars on both workers and the economy.

Read more at the Economist


Back to the Future: 7 Developments Shaping Automotive in 2021 and Beyond

Companies have changed processes, worked differently, restarted after six weeks of wholesale plant shutdowns, manufactured personal protective equipment by the millions, and dealt with huge losses all in the midst of political unrest and a presidential election unlike any other in history.

What does that stew of ingenuity, challenge and change bode for the future—for automakers and their suppliers, large and small? As the curtain is drawn 2020, let’s shift gears, rest our literal and figurative Twitter feeds, and look at some seminal happenings that could affect automotive for the long haul.

View the slide show


Protocol Put in Place for Limited Number of Fans To Attend Bills Playoff Game

Governor  Cuomo announced the final pilot plan for allowing fans to attend the Buffalo Bills’ first home playoff game in more than two decades under strict COVID-19 protocols. Under the pilot, which was developed cooperatively between the Bills, New York State and Bio-Reference Laboratories, 6,700 fans will be allowed to attend the game only after first obtaining a negative COVID-19 test result. Contact tracing will also be conducted after the game. This is the first stadium re-opening pilot plan in the nation to require these measures and if successfully implemented, it could serve as a model for re-opening entertainment venues across New York.

Read the press release


 

Daily Briefing – 221

Post: Dec. 29, 2020

NYS Updates Quarantine Guidelines to Align With CDC 

Governor Cuomo yesterday announced updated quarantine guidelines for New York which are consistent with the latest Centers for Disease Control guidance. Under the new guidelines, individuals exposed to COVID-19 can end their quarantine after 10 days without a testing requirement as long as no symptoms have been reported during the quarantine period. After day 10 is reached, individuals must continue monitoring for symptoms through day 14 and if any develop, they should immediately self-isolate and contact the local health department or their healthcare provider to report this change and determine if they should seek testing. Individuals should to continue strict adherence to all recommended safe behaviors to stop the spread – wearing masks, socially distancing and avoiding gatherings.

Read the press release


COVID and “Winter Cluster Plan” Update

Governor Cuomo issued a press release yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Sunday, December 26th. 

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  7814
    • COVID Hospitalizations as Percent of Region Population =  .004%
    • Percent of Hospital Beds Available in State  = 31%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  899
    • COVID Hospitalizations as Percent of Region Population =  .004%
    • Percent of Hospital Beds Available in Region  = 36%
  • ICU Beds Statewide
    • Total ICU Beds   =  5,701
    • Occupied ICU Beds =  3937
    • Percent of ICU Beds Available  = 31%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  681
    • Occupied ICU Beds =  405
    • Percent of ICU Beds Available  = 42%
  • Transmission Rate (R0): 1.02
  • Statewide Positivity Rate: 7.14%

Here are some useful websites:


Highlights of New COVID Relief Bill

Sunday night, President Trump signed the new Covid Relief Bill. Highlights include Changes the end of FFCRA Leave, Updates to PPP and EIDL programs, Extension of the Employee Retention Credit and an extension of Unemployment Insurance.  

Highlights of New COVID Relief Bill 1229 2020


McConnell: Senate Has Votes to Override Trump’s Defense Veto

Senate Majority Leader Mitch McConnell (R-Ky.) is signaling lawmakers have the votes to override President Trump’s veto of a mammoth defense policy bill as soon as Wednesday.  “The House voted to reapprove the conference report on this must-pass legislation. Today the Senate will set up a final vote for tomorrow, Wednesday, with this chamber to follow suit,” McConnell said from the Senate floor on Tuesday.

But whether the Senate holds a veto override vote today is in limbo. McConnell tried to set up the vote earlier but that effort was blocked by Democrats, who are trying to get a separate stand-alone vote to increase the amount of recently passed stimulus checks from $600 to $2,000.  If McConnell has to break a rare filibuster of the veto override effort, that would set up a 60-vote threshold procedural hurdle for Thursday.

Read more at The Hill


What We Know About the UK, EU Post-Brexit Trade Pact

The European Union and Britain on Thursday agreed a post-Brexit trade deal after almost 10 months of tortuous negotiations to govern ties when the UK exits the single market.  

Here is what we know so far about the 2,000-page accord — still yet to be published — that covers areas from fishing to future competition after Dec. 31. 

Read more at Industry Week


Pandemic Reshapes U.S. Employment, Speeding Changes Across Industries

The pandemic and related restrictions shocked the U.S. job market earlier this year, leading to a labor-force reordering as the economy recovered. Jobs have declined at retail stores, restaurants and bars and grown at warehouse and transportation businesses that serve online customers as e-commerce flourishes.

Here is a breakdown of how jobs in various categories of the labor market cumulatively changed from February, just before the pandemic hit the U.S., to November.

Read more in the WSJ


Boeing 737 Max Completes First U.S. Commercial Flight Since It Was Grounded

American Airlines Flight 718 took off from Miami around 10:40 a.m. ET, heading to New York’s LaGuardia Airport, according to aviation tracking site Flightradar24.com. The plane landed ahead of schedule, shortly after 1 p.m. The jet was grounded for some 20 months, after crashes in Indonesia and Ethiopia killed a total of 346 people.

The airline is the first U.S. carrier to return Boeing’s jetliner to passenger use — a move it announced in November, when the Federal Aviation Administration cleared the way for the 737 Max to return to commercial flight. In response to the FAA move, airlines in Brazil and Mexico put the plane back into service earlier this month.

Read more at NPR


State Attorney General Joins Parcare Vaccine Investigation – Cuomo Raises Fines

The attorney general’s office is joining the investigation of the Parcare Health Network for allegedly securing COVID-19 vaccine and administering it to populations not yet approved to receive it. Parcare operates facilities in Kiryas Joel, Brooklyn and Manhattan.  On Monday, Governor Andrew Cuomo said the AG’s office was also looking into the case and if there was any illegal activity, those who committed it could be fined $1 million and could face the loss of all their state licenses.

In a related story Governor Cuomo yesterday signed an Executive Order increasing penalties on health care providers who intentionally disregard the state’s vaccine prioritization protocols. Under the new Executive Order, providers who knowingly administer the vaccine to individuals outside of the state’s prioritization protocols may face penalties up to $1 million, as well as revocation of all state licenses. Additionally, certification of vaccine recipients will now be mandatory as part of the State’s vaccination process.


DHS Extends Form I-9 Requirement Flexibility Through January 31, 2021

The Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) announced an extension of the flexibility in complying with requirements related to Form I-9, Employment Eligibility Verification, due to COVID-19. This temporary guidance was set to expire December 31. Because of ongoing precautions related to COVID-19, DHS has extended this policy an additional 30 days until January 31, 2021.

This provision only applies to employers and workplaces that are operating remotely. See the original news release for more information on how to obtain, remotely inspect, and retain copies of the identity and employment eligibility documents to complete Section 2 of Form I-9.

Read more at DHS


 

Daily Briefing – 220

Post: Dec. 28, 2020

NYS Vaccine Update

Governor Andrew M. Cuomo today announced that 140,000 New Yorkers have received the first COVID-19 vaccine dose to date. New York expects to receive another 259,000 doses this week, with 139,400 coming from Pfizer and 119,600 coming from Moderna. The Governor also announced that the state is expanding the priority populations eligible to receive a vaccine to include urgent care center employees, individuals administering COVID-19 vaccines, including local health department staff, and residents of the Office of Addiction Services and Supports’ congregate facilities.

Vaccines will continue to be distributed for high-risk hospital workers, federally qualified health center employees, EMS, coroners, medical examiners, funeral workers and residents and staff of Office for People with Developmental Disabilities and Office of Mental Health facilities. Next week, the state expects to expand this universe further with the addition of ambulatory care workers and public-facing public health workers.

Read the press release


COVID and “Winter Cluster Plan” Update

Governor Cuomo held a press briefing yesterday morning providing an overview of New York’s COVID-19 tracking data from Sunday, December 26th. 

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  7559
    • COVID Hospitalizations as Percent of Region Population =  .004%
    • Percent of Hospital Beds Available in State  = 31%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  852
    • COVID Hospitalizations as Percent of Region Population =  .004%
    • Percent of Hospital Beds Available in Region  = 36%
  • ICU Beds Statewide
    • Total ICU Beds   =  5,678
    • Occupied ICU Beds =  3917
    • Percent of ICU Beds Available  = 31%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  678
    • Occupied ICU Beds =  413
    • Percent of ICU Beds Available  = 42%
  • Transmission Rate (R0): 1.02
  • Statewide Positivity Rate: 8.33%

Here are some useful websites:


Consolidated Appropriations Act, 2021: PPP and Tax Provisions

Council Associate member Jackson Lewis writes that the Consolidated Appropriations Act, 2021 (Act) generally provides the annual funding for the federal government and contains several important rules giving further COVID-19 relief. These include, among other things, revisions to the Paycheck Protection Program (PPP), expansion of the employee retention tax credit and changes to other employer-related tax provisions. The Act was passed by Congress on December 21, 2020, and signed by President Donald Trump on December 27, 2020.

This article highlights some of the PPP and tax provisions we believe will be of interest to employers.

Read more from Jackson Lewis


Manufacturing Economy Report – NAM Outlook Survey, Durable Goods and More

Real value-added output in the manufacturing sector rose to $2.213 trillion in the third quarter, as expressed in chained 2012 dollars. It remained down 1.0% from the all-time high recorded in the fourth quarter of 2019 ($2.236 trillion), despite tremendous volatility year-to-date. Overall, manufacturing accounted for 11.0% of real GDP in the third quarter, with value-added output (in nominal terms) up to $2.329 trillion, just 1.7% from a record high.

Monday Economic Report 1228 2020


Novavax Launches Late-Stage Covid Vaccine Trial in US

Novavax is launching a late-stage trial of its Covid-19 vaccine in the US and Mexico, fuelled by an award of up to $1.6bn from the Trump administration’s Operation Warp Speed programme.  The Maryland-based biotech company kicks off the trial at 115 sites on Monday, aiming to recruit up to 30,000 participants. Two-thirds will receive the vaccine, with the remaining one-third taking a placebo. 

Novavax is already testing its vaccine in a phase-3 trial in the UK in partnership with Britain’s vaccines task force and a phase-2 study in South Africa.  Stanley Erck, Novavax chief executive, thanked Operation Warp Speed, which gave the company one of its largest grants to vaccine makers.

Read more at the Financial Times


House Overrides Trump Veto of Defense Bill – Senate Will Take it Up Today

The House voted Monday to override President Trump’s veto of a must-pass defense policy bill, the first successful override vote of Trump’s presidency. The House voted 322-87, easily surpassing the two-thirds majority needed to overcome a veto.  The action now moves to the Senate, which also needs to muster two-thirds support in order for Trump’s veto of the National Defense Authorization Act (NDAA) to be overridden. 

The NDAA passed both chambers of Congress earlier this month with large bipartisan majorities, but it was unclear exactly how many Republicans would buck the president when it came to the override vote.

Read more at The Hill


House Passes $2,000 Stimulus Check Bill, But The Plan Will Face Opposition In The Senate

The House on Monday approved giving Americans weathering the coronavirus pandemic $2,000 stimulus checks, substantially boosting payments from the $600 checks that were set to be given out as part of a COVID-19 relief package that President Donald Trump signed into law Sunday evening. 

The bill, which passed in a 275 – 134 vote, needed the support of two-thirds of House members present — a feat hard to reach in such a divided Washington. The measure will now head to the GOP-controlled Senate where its future remains unclear. Senate Republicans have for months stressed over increased government spending and are likely to oppose the measure despite Trump’s demands.

Read more at USA Today


Manufacturers Express Increased Optimism in Q4 NAM Survey

The National Association of Manufacturers fourth-quarter Manufacturers’ Outlook Survey showed a respondent pool growing increasingly positive about the business outlook for their firms. Nearly three-quarters (74.2%) of manufacturers who responded characterized the business outlook as “positive,” up from 66% in the previous outlook survey. The 74.2% figure is nearly equivalent to the survey’s historical average of 74.4% and a soaring improvement over the 33.9% reported in the second quarter, NAM data show.

Nevertheless, for the year as a whole, 62.4% of manufacturers expressed a positive outlook, down from 92.4% in 2018 and 76.2% in 2019. It was also the lowest annual average since 2009, NAM shared.

Read more at IndustryWeek


Governor Cuomo Releases Executive Order 202.85 Extending Protections for Residential Tenants

The Executive Order extends through January 26, 2021 the suspensions and modifications of law and any directive, not superseded by a subsequent directive, contained in Executive Orders 202.66 as continued and contained in 202.71 and 202.78, which prevent any residential tenant suffering financial hardship during the COVID-19 state disaster emergency declared by Executive Order 202, from facing eviction judgements and warrants.

Read the order here


Global Steel Production Pauses 

Global steel production declined to 158.3 million metric tons during November, down -3.1% from October, and yet 6.6% higher than the November 2019 total. The November continue to show the lingering effects of weak or depleted demand from manufacturing and construction markets: Most of the world’s major steelmaking nations continue to struggle with demand weakened by Covid-19 pandemic, with the notable exception of China, which has expanded its overall output through the course of the year and increased its percentage share of global output.

In October, World Steel projected that 2020 steel demand will drop by -2.4% year-over-year, to 1.725 billion metric tons – indicating that the current rate of output is on track for that forecast. For 2021, World Steel foresees steel demand recovering 4.1% year-over-year, to 1,795.1 million metric tons.

Read more at American Machinist


How BioNTech-Pfizer Won the Vaccine Race

The founders of a small German company called BioNTech gave birth to Operation Lightspeed — in which the scientists in the company diverted all their resources from cancer therapy research to finding a vaccine to stop COVID-19.  Their partnership with Hudson Valley manufacturer Pfizer led to the first approved vaccine for the virus.  


 

Daily Briefing – 219

Post: Dec. 27, 2020

Remain Diligent Council Members – US Surgeon General Says “Very Concerned” About Possible Post-Holiday Surge

We urge our members to remain diligent a focused to prevent the spread of COVID in your workplace. 

“We’re very concerned and we always see a little bit of a bump after holidays, and sometimes a large bump,” US Surgeon General, Dr. Jerome Adams said when asked about concerns about a post-holiday surge of Covid-19 and the number of people who traveled. 

Read more at CNN


COVID and “Winter Cluster Plan” Update

Governor Cuomo issued a press release yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Saturday, December 26th. 

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  7183
    • COVID Hospitalizations as Percent of Region Population =  .004%
    • Percent of Hospital Beds Available in State  = 31%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  807
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 36%
  • ICU Beds Statewide
    • Total ICU Beds   =  5,776
    • Occupied ICU Beds =  3823
    • Percent of ICU Beds Available  = 30%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  679
    • Occupied ICU Beds =  378
    • Percent of ICU Beds Available  = 42%
  • Transmission Rate (R0): 1.02
  • Statewide Positivity Rate: 5.85%

Here are some useful websites:


Trump Signs Measure Funding Government, COVID Relief – House Will Vote Today to Override Defense Authorization Veto

President Donald Trump signed a $900 billion pandemic relief package Sunday, ending days of drama over his refusal to accept the bipartisan deal that will deliver long-sought cash to businesses and individuals and avert a federal government shutdown. The massive bill includes $1.4 trillion to fund government agencies through September. 

In his statement, Trump repeated his frustrations with the COVID-19 relief bill for providing only $600 checks to most Americans instead of the $2,000 that his fellow Republicans already rejected. He also complained about what he considered unnecessary spending by the government at large. “I will sign the Omnibus and Covid package with a strong message that makes clear to Congress that wasteful items need to be removed,” Trump said in the statement.

Also, Trump has also repeated his discontent over a $740 billion bill authorizing the nation’s defense programs, a legislation he vetoed last week. On Monday, the House is scheduled to vote on overriding Trump’s veto. If the House vote succeeds, the Senate could hold its vote as early as Tuesday.

Read more at the AP


Manufacturers Urge Officials to Follow CISA Guidelines For Vaccination Deployment

Please consider joining with other manufacturers by sending the letter below to Governor Cuomo and your state representatives.  It reads in part, “As states receive vaccine allocations in the coming weeks and consider CDC guidance on vaccine distribution, we recommend that the decisions to be made rely on the sound definitions of essential critical infrastructure workforce offered by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency. These terms are comprehensive and well understood by the manufacturing community. Moreover, the CISA explanations of the industry sectors that comprise the nation’s critical infrastructure can be applied uniformly in various emergency and response circumstances determined by states and their elected leaders. Manufacturing plants are integral to virtually every critical infrastructure supply chain.”


Holiday Shoppers Steered Clear of Stores, Favoring Online Buying

U.S. retail sales rose 3% during this year’s expanded holiday shopping season from Oct. 11 to Dec. 24, a report by Mastercard Inc said on Saturday, powered by a pandemic-driven shift toward online shopping.  Ecommerce sales jumped 49% in this year’s holiday shopping season, according to Mastercard SpendingPulse report, underscoring the COVID-19 pandemic’s role in transforming customers’ shopping habits.

Holiday e-commerce sales made up 19.7% of total retail sales this year, the data showed, noting that options such as buy online and pick-up-in-store, contactless technologies were key for retailers. Electronics and appliances also rose 6% during the period, as a reduction in spending on dining out, travel and leisure encouraged shoppers to make other purchases. Sales of apparel and jewelry slumped overall, but e-commerce sales rose 15.7% and 44.6%.

Read more at Reuters


Brexit Trade Deal Is Reached Between U.K., European Union

The U.K. and the European Union secured an agreement over their future relations, setting the seal on the 2016 British referendum decision to leave the bloc and bringing to a close years of economic uncertainty and fraught politics in the U.K.

The deal, coming just days ahead of an end-year deadline, calms the worst fears of a major economic disruption in coming weeks as Britain unmoors from its largest trading partner and is tackling another intense phase of the coronavirus pandemic. Under the terms of the accord, both sides will continue to trade free of tariffs but there will be significant new bureaucracy for importers and exporters. The free flow of workers between the two economies will end and trade in services will be much reduced. London’s vast financial center will no longer have guaranteed access to European markets.

The deal gives Britain significant freedom to depart from EU regulations and sign free-trade deals with countries like the U.S. But as the price for securing a deal without tariffs, the U.K. agreed that it wouldn’t seriously undercut EU standards on issues such as labor and the environment and would maintain similar constraints on the subsidizing of private industry.

Read more at the WSJ


Covid-19 Test Makers Aim to Broaden Virus Testing Well Into Spring

Even as more Americans get Covid-19 vaccinations, diagnostic manufacturers, employers and public-health authorities are pushing to expand testing for the virus over the next several months to help curb its still-surging spread. The goal is that more-frequent testing, along with other mitigation measures such as mask wearing and social distancing, can get people back into classrooms and workplaces before the wider availability of vaccines.

The U.S. will likely be able to perform more than 70 million Covid-19 tests a week by the end of January, according to recent estimates from the Rockefeller Foundation. By April, that is expected to grow to 200 million weekly tests. The growth will be driven by tests done outside laboratories, including in schools and doctors’ offices, and those processed at home. Increasing the number of patient samples analyzed in a single test, a technique known as pooling, will also likely contribute, the foundation said.

Read more at the WSJ


Latest Polling in Georgia Senate Runoff Elections

No candidate in either of Georgia’s Senate races won a majority of the vote on Nov. 3, triggering a runoff for both seats, with the top two candidates in each race facing off.  With less one week remaining until the January 5th election the latest polling show very tight races with Republican David Purdue holing less than one percentage point lead over Democrat Jon Ossoff.  Democrat Raphael Warnock hold a similarly small lead over Republican Kelly Loeffler.

Control of the Senate now hinges on the outcome of these two races.

See the polling at 538


Businesses Adapt Better to Covid-19 After Lessons Learned From Spring Surge

The resurgence in coronavirus infections throughout the West this fall has dealt a fresh blow to the global economy. But the impact is far less, thanks in part to lessons learned by businesses, particularly in manufacturing, about how to keep workers safe and continue operating. The resurgence of East Asian economies, particularly China, has also buoyed many Western manufacturers.

Moreover, unlike during the spring surge, disruptions to supply chains have been less frequent, as parts and raw materials have kept flowing to factories.

Read more in the WSJ


From Polio To The COVID Vaccine, Dr. Peter Salk Sees Great Progress

Peter Salk was just 9 when he got a shot in 1953 at the family home outside Pittsburgh.  At that time, polio terrorized the country every summer. In the worst single year, 1952, nearly 60,000 children were infected. Many were paralyzed, and more than 3,000 died. Frightened parents kept their children away from swimming pools, movie theaters and other public places.  The vaccine helped eradicate polio, made his father world famous, and shaped Peter Salk’s own life — he also became a doctor of infectious diseases.

“I was bowled over when the first news came out about the Pfizer, BioNTech results and being somewhere on the order of 95 percent effective,” he said. “I just had a really strong emotional reaction that I totally had not anticipated.”

Read more at NPR


 

Daily Briefing – 218

Post: Dec. 23, 2020

Joy, Hope, Peace

Wishing all our readers, members and friends a safe and happy holiday season and prosperous New Year. 


COVID and “Winter Cluster Plan” Update

Governor Cuomo held a press briefing yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Sunday, December 20th. The Governor announced that 89,000 New Yorkers have received the first COVID-19 vaccine dose to date. 22,000 New Yorkers have received the first dose in 90 nursing home facilities as part of a federal-private partnership program.   The Governor also announced that the New York State Department of Health has authorized the use of extra doses that have been found in Moderna vaccine vials. The vials were previously believed to contain 10 doses, but may now contain up to 11 doses.

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  6,864
    • COVID Hospitalizations as Percent of Region Population =  .004%
    • Percent of Hospital Beds Available in State  = 30%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  796
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 31%
  • ICU Beds Statewide
    • Total ICU Beds   =  5,751
    • Occupied ICU Beds =  4,121
    • Percent of ICU Beds Available  = 31%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  715
    • Occupied ICU Beds =  420
    • Percent of ICU Beds Available  = 42%
  • Transmission Rate (R0): 1.02
  • Statewide Positivity Rate: 5.84%

Here are some useful websites:


Trump Vetoes Defense Policy Bill

President Trump vetoed a $740.5 billion defense-policy bill and demanded last-minute changes to coronavirus relief legislation, adding fresh uncertainty to the closing days of 2020 as a government shutdown loomed. The annual defense bill sets pay rates for troops and authorizes funds for military construction projects, aircraft, ships, nuclear weapons and other national-security programs. It also includes items related to anti-money-laundering efforts, cybersecurity, and the U.S. border wall. Congress has passed it for 59 years in a row, nearly always on a bipartisan basis. This year, the House approved final passage 335-78 and the Senate passed it 84-13.

 To make the bill law over the president’s objections requires a two-thirds vote in each chamber. The House is scheduled to hold its override vote on Monday, Dec. 28, with the Senate to follow Tuesday.

Read more at the WSJ


Covid Aid in Limbo

Washington is grappling with a crisis related to a massive coronavirus relief package that also funds the government. Mr. Trump, in a video posted Tuesday night on Twitter, criticized the legislation and called on lawmakers to increase direct payments to Americans to $2,000 for individuals and $4,000 for couples, from $600 per adult and per child, the current level in the bill.

His sudden turn on the coronavirus relief package surprised lawmakers, many of whom had already left Washington after Congress overwhelmingly approved the relief bill in a 92-6 vote in the Senate and 359-53 in the House.

The 5,593-page year-end package combines the coronavirus relief and a $1.4 trillion spending bill needed to fund the government through September. House Minority Leader Kevin McCarthy (R., Calif.) told House Republicans on a call Wednesday he had spoken to Mr. Trump and that the president was still deciding whether to veto the package, according to people familiar with the call.

Read more at USA Today 


From Ethan Allen Personnel Group – 2021 Minimum Wage Summary and FLSA Overview

This Advisory summarizes the 2021 Minimum Wage Increases that are scheduled to go into effect 12/31/2020. Over the past 3 years, the minimum wage thresholds for employees in NY State have been increasing. In keeping with these increases, the new tiered rates across the State, for both HOURLY AND SALARIED employees effective December 31, 2020, are listed below.

Along with the increase to the minimum wage, the amounts that employers can deduct from employees’ wages for items such as uniform allowances and meals are also set to change on December 31.  The Department of Labor on its website has summarized the revisions applicable to hospitality employers, employers in “miscellaneous industries,” and employers in the “building service industry.”  Employers should consult these summaries to determine how much they can deduct for a uniform allowance and claim for meal, lodging and tip credits.

Minimum Wage Guidance Ethan Allen 1222 2020


Core Capital Goods Orders, Shipments Rise in November

Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.4% last month. These so-called core capital goods orders jumped 1.6% in October. Economists polled by Reuters had forecast core capital goods orders increasing 0.7% in November. Core capital goods orders increased 0.8% year-on-year in November.

Business investment on equipment rebounded strongly in the third quarter after five straight quarterly declines. Spending on equipment could help to blunt the impact of slower consumer spending on GDP growth in the fourth quarter. Consumer spending is being hampered by a resurgence in new coronavirus infections and a delay by Congress to approve another rescue package. Growth estimates for the fourth quarter are mostly below a 5% annualized rate.

Read more at Reuters


Household Spending Drops for First Time in Seven Months

Personal spending—a measure of how much consumers spent on goods and services—fell 0.4% last month, the Commerce Department said Wednesday. Household income—how much Americans earned from wages, investments and government aid programs—fell 1.1%.  Consumer spending, the biggest driver of economic growth in the U.S., has weakened as a rise in coronavirus infections this winter prompted states and cities to order businesses to close or scale back operations. Consumers cut back sharply on purchases of goods. 

The drop in income in part reflects the fading effects of federal aid programs that Congress and states put in place earlier this year to help households and businesses weather the pandemic.

Read more at the WSJ


Alaska Airlines Raises Order for New 737 MAX Jets

Boeing and Alaska Airlines have restructured an earlier order for 737 MAX aircraft, resulting in 23 additional 737 MAX 9 jets for the carrier, or a total of 68 new aircraft plus options 52 more. Alaska Airlines, the fifth-largest U.S. airline, is restructuring its fleet around Boeing’s narrow-body 737 MAX series, and will take 13 new jets in 2021, 30 in 2022, 13 in 2023, and 12 in 2024.

The first deliveries will take place during Q1 2021, as Boeing resumes deliveries following the FAA’s recertification of the 737 MAX series last month.

Read more at American Machinist


EU is Giving Brexit Trade Talks ‘Final Push’: EU Negotiator

EU negotiator Michel Barnier vowed Tuesday to continue to push for a post-Brexit trade deal in the last 10 days before Britain leaves the single market. On Monday, British Prime Minister Boris Johnson and EU chief Ursula von der Leyen held a crisis call to discuss Brexit and the coronavirus crisis. 

If the talks between Barnier and his UK counterpart David Frost fail to reach a breakthrough in the coming days, the UK will leave without a follow-on trade deal. Tariffs would be reimposed on cross-Channel trade in food and goods, exacerbating the economic shock of a return to a border after 47 years of integration. But the talks are deadlocked over how to ensure fair trade rules are respected in the future and, especially, over how to assign fishing rights in UK waters.

Read more at IndustryWeek


The New York Fed DSGE Model Forecast—December 2020

The authors present an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model, The December model forecast is summarized in a blog post, alongside the September forecast, and in numerous charts. The model uses quarterly macroeconomic data released through the third quarter of 2020, financial data available through November 19, 2020, and SPF forecasts for GDP growth.

  • In the forecast that combines the two scenarios described above, real GDP growth is expected to be -2.6 percent in 2020 on a Q4/Q4 basis, compared with a -4.1 percent projection in September.
  • Core PCE inflation is projected to be 1.3 percent in 2020, above the September forecast of 0.8 percent, but in spite of AIT it is expected to remain subdued throughout the forecast horizon, and below the projections in September. The change in the inflation projections relative to September mostly reflects the fact that the model is now more certain in interpreting the COVID-19 recession as a demand shock, leading to a decline in inflation.

Read the detailed forecast and see the charts at the NY Fed


What a Particle a Ten-Thousandth of a Millimetre in Diameter Has Taught the Inhabitants of a Globe 120 Billion Billion Times its Size

AS 2019 drew to a close, the virus that was later to be called SARS-CoV-2 burst out of stealth mode. On December 26th Zhang Jixian, a doctor at the Hubei Provincial Hospital of Integrated Chinese and Western Medicine, had noticed seven cases of unusual pneumonia, four of which were connected to the Huanan wet market in Wuhan. Subsequent research has suggested that by then the virus had made its way unnoticed to Europe and America, too. As 2020 draws to a close, the virus is rampant. There have been more than 70m confirmed cases and the number is growing by 4.3m a week. 

In between, covid-19 rapidly came to dominate life utterly. Like a fluorescent injection in the bloodstream, as the virus surged around the world it has illuminated the workings of the global body politic. For every symptom of resilience—including food supply-chains, the financial system and, most of all, science—there have been symptoms of frailty.

Read more from The Economist

Daily Briefing – 216

Post: Dec. 21, 2020

British Airways and Delta Airlines Agree to Test All Passengers Before Entering New York State

Governor Cuomo yesterday announced that in the wake of a new, highly contagious variant of the COVID-19 virus found in the United Kingdom, British Airways and Delta Airlines have voluntarily agreed to require a COVID-19 test before allowing passengers to board planes traveling from the United Kingdom to New York. With this move, New York joins the list of 120 countries with a similar requirement on flights from the U.K. The Governor has asked Virgin Atlantic, the other airline that runs flights from the U.K. to New York, to do the same.

Read the press release


COVID and “Winter Plan” Update

Governor Cuomo held a press conference yesterday morning providing an overview of New York’s COVID-19 tracking data from Sunday, December 20th.  Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  6331
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in State  = 30%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  745
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 33%
  • ICU Beds Statewide
    • Total ICU Beds   =  5664
    • Occupied ICU Beds =  3945
    • Percent of ICU Beds Available  = 32%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  712
    • Occupied ICU Beds =  425
    • Percent of ICU Beds Available  = 42%
  • Transmission Rate (R0): 1.09
  • Statewide Positivity Rate: 5.75%

Here are some useful websites:


What Is in the $900 Billion Covid-19 Aid Bill

The Wall Street Journal has a nice breakdown of what is in the AID Bill Congress passed yesterday.  It includes help for some sectors that weren’t prioritized the first time around. New York Senator Chuck Schumer announced some additional details to look out for, including $25 billion in rental assistance, $15 billion for theaters and other live venues, $82 billion for local schools, colleges, and universities, and $10 billion for child care. 

Also included are more help for individuals, the unemployed, small businesses and others.

See the breakdown in the WSJ


Cuomo Announces New York Has Administered 38,000 Doses of COVID-19 Vaccine

Governor Cuomo announced yesterday that more than 38,000 vaccine doses have been administered in New York State as of Monday morning – the highest reported total in the nation thus far. Bolstering this effort, the first 346,200 doses of the Moderna vaccine are expected to begin arriving in New York Monday, with an additional 120,000 doses of the Pfizer vaccine expected later this week.

The Governor also announced the launch of New York’s Vaccine Equity Task Force chaired by Secretary of State Rossana Rosado, Attorney General Letitia James, National Urban League President & CEO Marc Morial, and Healthfirst President & CEO Pat Wang.

Read the press release


Monday Economic Report – Manufacturing Production Rose for the 7th Straight Month

Manufacturing production increased 0.8% in November, rising for the seventh straight month, led by strength in durable goods. The largest increases in output in November were in motor vehicles and parts, primary metals, paper, miscellaneous durable goods and aerospace and miscellaneous transportation equipment. Overall, manufacturing production remained 3.7% below the pre-pandemic pace in February.

There is also reports on Manufacturing Production, IHS Manufacturing PMI, Regional Fed Reports, Residential Construction, Consumer Spending, Unemployment Claims, Fed Plans and more.

Monday Economic Report 2020-1221


New York State Manufacturers PPE Survey 

If you are manufacturing Personal Protective Equipment (PPE) and/or looking to access PPE, you are asked to please take this brief surveybelow. As part of the COVID Recovery Initiative, the NYMEP will use your responses to get a better sense of the demand for PPE categories and types, and will then validate competitive suppliers and recommend PPE buying channels to manufacturers statewide.


Survey: 57% of Employees Back Mandated Vaccine

Fifty-seven percent of employees support mandated COVID-19 vaccinations from employers, and that percentage significantly increases among older, white-collar and Democrat-voting workers, according to a survey by CNBC and SurveyMonkey. “For CEOs and human resources professionals, the return to work is already a fraught endeavor, and factoring in political considerations adds yet another challenge,” write Laura Wronski and Jon Cohen.

Read the full story at CNBC 


New Regulations and Fact Sheets on NY Paid Sick Leave Law

Council Associate Member and friend Harris Beach Attorneys write that on December 9th, the DOL published proposed regulations that further implement the Paid Sick Leave Law. Although the regulations answer some questions, employers should note that the regulations are still in “proposed” form and not yet final. Employers and other members of the public have until February 7, 2021, to submit comments and feedback to the DOL regarding the proposed regulations.

The DOL has also issued several topic-specific and industry-specific “Fact Sheets” on the new law, including Fact Sheets specific to restaurants, farm workers, seasonal workers, and unionized employers.

The Fact Sheets and the Proposed Regulations can be found at the bottom of this page


Cutting Tool Orders Rising as Manufacturing Recovers

U.S. machine shops and other domestic manufacturing operations consumption $167.9 million worth of cutting tools during October, according to Cutting Tool Market Report issued jointly by the U.S. Cutting Tool Institute (USCTI) and AMT – the Association for Manufacturing Technology. The total represents a 7.6% increase over September’s result and a -22.4% shortfall of the October 2019 total.

The CTMR presents cutting-tool consumption as an indicator of overall manufacturing activity, as cutting tools are used in production of components used by virtually every industrial sector. 

Read more at American Machinist


The Newest Supplier KPI? Employee Vaccination Rate

The percentage of employees vaccinated against COVID-19 will be the most important supplier key performance indicator of 2021, surpassing the standard KPIs of on-time delivery, quality, and cost management. This according to a column in Supply Chain Dive

Vaccine compliance needs to be a top-line component of a supplier risk assessment. Procurement professionals today should immediately reach out to critical suppliers to learn about their vaccination plans and subsequent efforts to secure a healthy workplace, and workforce, during the pandemic recovery. If there is no established plan, request one. Be an early leader in the supply chain recovery. 

Read more at Supply Chain Dive


 

Daily Briefing – 215

Post: Dec. 20, 2020

Moderna COVID-19 Vaccines Begin Shipping NYS Expects 348k Doses

Vials of Moderna’s vaccine were filled in pharmaceutical services provider Catalent Inc’s facility in Bloomington, Indiana. Distributor McKesson Corp is shipping doses from facilities in places including Louisville, Kentucky, and Memphis, Tennessee – close to air hubs for United Parcel Service Inc and FedEx Corp.  Governor Cuomo said New York State anticipates receiving 346,000 doses of the Moderna vaccine next week.

The start of delivery for the Moderna vaccine will significantly widen availability of COVID-19 vaccines as U.S. deaths caused by the disease have reached more than 316,000 in the 11 months since the first documented U.S. cases.


COVID and “Winter Plan” Update

Governor Cuomo issued a press release yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Saturday, December 19th.  In response to news of a new variant of COVID-19 in the UK, the Governor called on the federal government to consider imposing multiple restrictions in the including  mandatory testing of individuals traveling from the United Kingdom on flights to the United States, as well as a new travel ban from Europe. 

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  6185
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in State  = 29%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  748
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 33%
  • ICU Beds Statewide
    • Total ICU Beds   =  5850
    • Occupied ICU Beds =  3955
    • Percent of ICU Beds Available  = 33%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  713
    • Occupied ICU Beds =  432
    • Percent of ICU Beds Available  = 43%
  • Transmission Rate (R0): 1.09
  • Statewide Positivity Rate: 5.05%

Here are some useful websites:


Congress Reaches Final Agreement on Pandemic Relief

Lawmakers reached a final agreement on the $900 billion coronavirus relief package, moving Congress closer to approval of a fresh infusion of aid to households, small businesses and schools after months of gridlock. The relief package includes $300 a week in enhanced unemployment benefits, a second round of stimulus checks and funding for schools, health-care providers, vaccine distribution and small businesses. Negotiations accelerated this week after congressional leaders agreed to drop two provisions: funding for hard-hit state and local governments, which Democrats and some Republicans had sought, as well as liability protections for businesses and other entities operating during the pandemic, a top GOP priority.

The House voted on a 24-hour extension of government funding Sunday evening, setting up votes on the relief agreement and broader spending bill for Today. The aid package is tied to a roughly $1.4 trillion annual spending package and Congress has passed a series of temporary spending bills in recent days to keep the government funded while it finished the negotiations.

Read more in the WSJ


Countries Ban Travel From U.K. in Race to Block New Covid-19 Strain

Countries across Europe and beyond barred travelers from Britain on Sunday in an effort to keep out a highly infectious new strain of the coronavirus that is spreading rapidly in England.

The British government said on Saturday the new strain appeared to be spreading 70% faster than earlier variants and is responsible for a surge in cases in London and its surrounding areas. Recorded cases across the U.K. in the week to Sunday rose 51% over the week before. The emergence of the variant presents a serious setback for suppressing the pandemic before new vaccines can be rolled out across the country, suggesting major restrictions will continue into the new year.

Read more at the WSJ


EEOC Issues Guidance on COVID-19 Vaccination Mandates

US employers that are considering mandatory COVID-19 vaccinations must be ready to allow exceptions for those with disabilities or religious disagreements, according to the Equal Employment Opportunity Commission. Employers are only allowed to ask workers why they have decided not to be vaccinated if the matter is “job related and consistent with business necessity,” the EEOC says.

Read more at Reuters


Companies Offer Home COVID-19 testing

Employers including insurer TIAA, software provider Appian and digital health care provider Buoy Health are offering their staff members at-home COVID-19 tests as an added employee benefit. “Given the recent rise in COVID-19 cases nationwide, it felt like the right time to make testing available to ease the burden of associates needing to find testing facilities and risking being exposed to the virus when leaving their homes,” said Sean Woodroffe, TIAA’s chief HR officer.

Read more at Employee Benefit News


More Americans Are Too Sick to Work as Virus Cases Surge

The number of employed Americans fell by 4.3 million in the two weeks ended Dec.7, according to the latest edition of the U.S. Census Bureau’s Household Pulse Survey. That’s following a 2.4 million rise in the number of workers with jobs during the prior two week period.

Nearly 5 million Americans said they can’t work because they’re sick with coronavirus, a figure which has more than doubled in less that two months. Another 5.2 million said they weren’t working because of fears about getting sick or spreading the virus, up from 4.8 million in the prior tally.  The data underscores the threat surging cases pose to the rebounding labor market and the importance of getting the virus under control to bolster economic growth. On top of illness, more than 6 million Americans were out of work as a result of employers temporarily or permanently shuttering their businesses because of virus lockdowns, compared with 5.2 million in the previous survey, the data showed.

Read more at Bloomberg


Shorter Quarantines Could Actually Help Prevent COVID-19 Outbreaks

While caution is wise, researchers are now wondering if lengthy 14 day quarantine measures are necessary and are uncovering shorter alternatives that retain public safety. Quarantines are costly, straining the mental health and finances of those in isolation, as well as the resources of governments and companies implementing these precautions. Shorter quarantines could ease that burden, but this pivot will also require better logistics such as spaces where people can quarantine, access to fast testing, and support for meals and other necessities like medicine. Making these investments could potentially increase people’s compliance with voluntary guidelines.

This push for shorter quarantines is supported by academic reports that show that people with coronavirus don’t appear to be contagious after nine or 10 days. In addition, new research shows that shorter quarantines combined with smarter testing strategies can actually do more than 14-day quarantines to reduce the risk of COVID-19 transmission.

Read more at Nat Geo


State Tax Receipts Strong Again in November, But Jobs Recovery Remains Slow

New York State’s tax receipts in November were a whopping $800 million above Governor Cuomo’s projections for the month—further evidence that the current-year budget gap is probably much smaller than Cuomo has been claiming.

Meanwhile, however, private employment in New York continued to recover only slowly in November—failing to increase at all across much of upstate, where employers are about to be hit with an increase in state-mandated minimum wage.

Read more at the Empire Center


Private Sector Jobs in the Hudson Valley 9.0 percent Year on Year

Private sector jobs in the Hudson Valley declined by 73,700 or 9.0 percent, to 749,200 in the 12 months ending November 2020.  Job losses were centered in leisure and hospitality (-29,700), trade, transportation and utilities (-10,300), professional and business services (-8,700), educational and health services (-8,600), other services (-6,800), manufacturing (-4,000), financial activities (-2,900), and natural resources, mining and construction (-2,400). 

There are 39,200 people working in manufacturing in the region, 9.3% fewer than a year ago. 

Hudson Valley Labor Market Profile – NOV 2020


Suspected Russian Hack is Much Worse Than First Feared

The scale of a sophisticated cyberattack on the U.S. government that was unearthed this week is much bigger than first anticipated. The Cybersecurity and Infrastructure Security Agency said in a summary Thursday that the threat “poses a grave risk to the federal government.”

CISA said those behind the attack used network management software made by SolarWinds, a Texas-headquartered IT firm, to breach the government networks. As many as 18,000 SolarWinds Orion customers downloaded a software update that contained a backdoor, which the hackers used to gain access to the networks. Microsoft was one of the hack victims. Like with the cyberattack of SolarWinds, hackers infiltrated Microsoft products and then went after others, Reuters said, citing people familiar with the matter.


School Closing Have Hit Poor American Children’s Learning

A recent analysis of standardized tests by McKinsey, a consulting firm, found that pupils examined in the autumn had learned 33% less math and 13% less reading than expected. For schools that are majority non-white, the learning losses were much steeper: pupils there had learned 41% less math and 23% less reading. NWEA, a producer and administrator of standardized exams used in primary and secondary schools, published its own review of autumn scores that was less worrying. Pupils slid back substantially in math, but not reading, with few detectable differences along racial or socioeconomic lines. But a substantial share of students, disproportionately poor and non-white, simply did not take the tests this year—which may have flattered the results.

Read more at The Economist

Daily Briefing – 214

Post: Dec. 17, 2020

New York’s Cluster Zones: Frequently Asked Questions Answered By Bond Schoeneck & King

There have been significant changes to New York’s cluster action initiative. Gov. Andrew Cuomo has changed the metrics for designating a cluster zone and changed the applicable restrictions in cluster zones. Additionally, the Governor announced on Monday, December 14 three new yellow zones in Genesee, Niagara and Oneida Counties. In this article BSK attorneys discuss frequently asked questions about the clusters and updated maps for the cluster zones.

Read more as BSK


COVID and “Winter Plan” Update

Governor Cuomo held a press conference yesterday morning (in Kingston to declare a state of storm related emergency in 18 Counties) and provide an overview of New York’s COVID-19 tracking data from Wednesday, December 16th.

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  6147
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in State  = 26%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  743
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 29%
  • ICU Beds Statewide
    • Total ICU Beds   =  5850
    • Occupied ICU Beds =  3955
    • Percent of ICU Beds Available  = 33%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  725
    • Occupied ICU Beds =  416
    • Percent of ICU Beds Available  = 46%
  • Transmission Rate (R0): 1.09
  • Statewide Positivity Rate: 5.38%

Here are some useful websites:


Today at 11:00: NAM COVID-19 Vaccine Town Hall for Manufacturers 

As the world prepares for the release of the COVID-19 vaccine, manufacturers have many questions as they prepare for its deployment. Please join us on Friday, December 18 at 11:00 a.m. EDT for a special NAM/MLC Town Hall meeting to discuss the current status of the vaccine timeline, implications for its deployment, and framework-building considerations to prepare companies from health and safety, legal and business operations angles. A question-and-answer session will be part of the meeting.

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McConnell Says Congress Will Keep Working Through the Weekend to Pass a Stimulus Deal

Sen. Majority Leader Mitch McConnell opened his floor remarks on Thursday by saying Congress in no stranger “to December funding deadlines or the occasional pre-Christmas cliffhanger.” The Kentucky Republican suggested that it was likely the chamber would stay in session at least through Saturday.

“For the information of all Senators, we are going to stay right here until we are finished, even if that means working into or through the weekend, which is highly likely” he said. “And if we need to further extend the Friday funding deadline before final legislation can pass in both chambers, I hope we only extend it for a very, very short window of time.”  A similar attitude was reflected in Senate Minority Leader Chuck Schumer’s remarks on the Senate floor. The New York senator said “we are very close to an agreement.”

Read more at Business Insider


Major CEOs Signal they Could Mandate Covid Vaccines

Seventy-two percent of current and recent CEOs of major companies signaled an openness to vaccine mandates, according to a poll held Tuesday at a virtual summit by the Yale Chief Executive Leadership Institute.

The broad question did not specify whether the mandate would apply to all employees or just ones who needed to work in close proximity to customers and colleagues.  Several CEOs indicated that such a mandate has not yet been formulated at their companies and they want to see how early rounds of vaccinations go. Companies may also be reluctant to require that employees take vaccines until they have been fully approved by the FDA.

Read more at CNN

 

IHS Market: U.S. Business Activity Cools in Mid-December

Data firm IHS Markit said on Wednesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to a reading of 55.7 early this month from 58.6 in November. A reading above 50 indicates growth in private sector output.

According to IHS Markit, though new orders continued to grow, temporary shutdowns and customer uncertainty weighed on the upturn. It also noted that companies reported a fall in new export sales as renewed lockdowns in key export markets dampened foreign demand.

Read more at Reuters


U.S. Jobless Claims Unexpectedly Jump to Highest in Three Months

Applications for U.S. state unemployment benefits unexpectedly jumped to the highest level in three months, suggesting the labor market’s recovery is faltering amid the surge in Covid-19 cases and widening business restrictions. Initial jobless claims in regular state programs rose by 23,000 to 885,000 in the week ended Dec. 12, Labor Department data showed Thursday. On an unadjusted basis, the figure fell by about 21,000.

Continuing claims for state programs declined by 273,000 to 5.51 million in the week ended Dec. 5. That figure roughly approximates the number of people receiving state unemployment benefits, but doesn’t include the millions of people who have already exhausted those benefits or are receiving assistance through federal pandemic jobless aid programs. A Bloomberg survey of economists had called for 818,000 initial state claims and 5.7 million continuing claims on an adjusted basis.

Read more at Bloomberg


New York State DOL: $15 Minimum Wage Phase-in to Continue 

The New York State Department of Labor today announced the state’s $15 minimum wage phase-in will continue, with the next stage taking effect December 31, 2020. This announcement comes after a statutorily required report by the Division of the Budget found the Upstate, Long Island and Westchester labor markets — where the minimum wage is scheduled to rise — are leading New York’s economic recovery from the downturn caused by the global pandemic. The report found that, just prior to the pandemic, the State had achieved record low unemployment following four years of increases to the minimum wage. In addition, the report showed that minimum wage workers need support today, as they were disproportionally impacted by the pandemic’s economic toll, with those earning the minimum wage representing a large portion of the hardest-hit industries, including retail trade and leisure and hospitality.


DiNapoli: Total New York Wages Fell $12.5 Billion in Second Quarter

In the second quarter of 2020, total wages paid in New York State declined by $12.5 billion or 7.4 percent in comparison to the second quarter of 2019, according to new data from the U.S. Bureau of Labor Statistics (BLS). The decline is primarily attributable to the historic loss of 1.9 million jobs in March and April, with a limited employment rebound in May and June.

Total wages in accommodation and food services fell by $3.5 billion, a drop of nearly 60 percent from the prior year’s second quarter. Other New York industries with large declines in wages included construction, retail and wholesale trade, and the arts, entertainment and recreation sector. In three sectors with comparatively higher compensation—finance and insurance, information, and professional and technical services—overall wages increased in the second quarter compared to a year earlier. The government sector also saw a modest gain.

Read more at the Comptroller’s website


FDA Says Pfizer Vaccine Vials Hold Extra Doses Expanding Supply By as Much as 40%

The Food and Drug Administration said late Wednesday that those extra doses could be used, clearing up confusion that had caused some pharmacists to throw away leftover vaccine for fear of violating the rules the agency set last week.

The Pfizer vials are supposed to hold five doses, but pharmacists have found they have enough for a sixth or even a seventh dose. Putting those into use could significantly increase the United States’ scarce early supply of the shot, reducing the likelihood of a “vaccine cliff” this spring as demand outpaces supply.  Manufacturers typically overfill vaccine vials to safeguard against spills and other waste, said Erin Fox, a pharmacy expert at University of Utah who monitors drug shortages. “It’s pretty unusual to have a full extra dose or more though — but it does seem to be there!” she said in an email.

Read more at Politico


 

Daily Briefing – 213

Post: Dec. 16, 2020

State Website Provides Vaccine Updates

NYS has launched a website to keep New Yorkers informed as vaccines become available.  The State is receiving its first delivery of 170,000 doses this week and the first New Yorkers have begun to be vaccinated. Additional doses of the vaccine will follow later this month.  The first New Yorkers to receive the vaccine will be high-risk hospital workers (emergency room workers, ICU staff and Pulmonary Department staff), nursing home residents, nursing home staff, followed by all long-term and congregate care residents and staff, EMS workers, other health care workers, coroners and medical examiners. Staff at every hospital will have access to the first vaccine allocation.

Visit the site


COVID and “Winter Plan” Update

Governor Cuomo held a press conference yesterday morning providing an overview of New York’s COVID-19 tracking data from Tuesday, December 15th. “New York’s goal is to have the best vaccine program in the United States. It’s the most ambitious governmental operation that has been undertaken, period. We have been planning for the vaccine, now we’re implementing that plan and we’re ensuring New Yorkers can access the vaccine free of charge.” The Governor said.

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  6097
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 24%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  722
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 28%
  • ICU Beds Statewide
    • Total ICU Beds   =  5756
    • Occupied ICU Beds =  3815
    • Percent of ICU Beds Available  = 33%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  725
    • Occupied ICU Beds =  409
    • Percent of ICU Beds Available  = 46%
  • Transmission Rate (R0): 1.09
  • Statewide Positivity Rate: 6.21%

Here are some useful websites:


Timmons Calls on Governors to Use Fed Definition of Essential

NAM President and CEO Jay Timmons sent a letter to the National Governors Association calling on state leaders to rely on federal definitions of essential businesses when distributing COVID-19 vaccines.

“Manufacturers recommend that governors rely on the sound definitions of essential critical infrastructure workforce offered by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency. These terms are comprehensive and well understood by the manufacturing community. Moreover, the CISA explanations of the industry sectors that comprise the nation’s critical infrastructure can be applied uniformly in various emergency and response circumstances determined by states and their elected leaders”  It is unlikely New York Governor Andrew Cuomo will adopt this position.


Groundhog Day – Congress Closes in on a $900 Billion Covid Relief Deal

Congressional leaders closed in on a $900 billion coronavirus relief deal Wednesday. The developing aid agreement would not include liability protections for businesses or aid to state and local government, CNBC confirmed. Disagreements over those two issues have blocked lawmakers from crafting a year-end rescue package.

The measure would contain a direct payment to Americans in some amount, as well as enhanced federal unemployment insurance, NBC News reported. In addition, Republican Senator Steve Daines of Montana told CNBC that the deal would have roughly $300 billion in small business aid including Paycheck Protection Program loans, money for Covid-19 vaccine distribution and testing and relief for hospitals.

Read more at CNBC


Manufacturing Fuels Industrial Production Rise

Manufacturing increased 0.8% in November, according to the Federal Reserve, following 1.1% growth in October. Production of motor vehicles and parts showed particular strength with an increase of 5.3%.  Overall industrial production rose less in November than October, when it grew by a revised 0.9% after an initial estimate of 1.1%. Output in November remained 5% below pre-pandemic levels.

Economists are seeing “healthy, but not overly impressive” industrial growth that could continue to slow as job growth falls and Congress considers a relatively small federal stimulus.

Read more at the WSJ


Fed Updates Plans for Bond Buying, But Makes No Changes to Asset Purchases

The Federal Reserve provided updated plans Wednesday for its purchases of large amounts of government debt to support the economy, but didn’t change the program to provide more stimulus.  Fed officials also released new projections showing most of them expected interest rates would remain near zero at least through 2023, as the labor market and economy regain their pre-pandemic health.

Since June, the Fed had been buying $80 billion in Treasurys and $40 billion in mortgage bonds per month and had pledged to buy assets at least at that pace for “the coming months.”

Read more at the WSJ


Retail Sales Dropped  1.1% in November 

The November decline, plus a revision that put October sales down slightly, marked the end of several months of growth in retail spending after sharp drops earlier this year when the pandemic triggered widespread business closures. Retail sales for October were revised to a decline of 0.1% from an earlier estimate of a 0.3% increase.  Restaurants, department stores and vehicle dealerships all reported sharp sales declines, with clothing and furniture purchases falling. Purchases of groceries and building materials increased, along with online sales.

Sales were up by 4.1% when compared with the same month a year ago.

Read more at the WSJ


NY Fed: Businesses Report Marked Deceleration in Wages and Benefit Costs

Supplementary questions to the December Empire State Manufacturing Survey and Business Leaders Survey focused on recent and expected changes in the prices paid by firms for several major budget categories, including wages, employee benefits, insurance, energy, and other commodities. In the current survey manufacturers reported an average increase of 3 percent. Looking ahead, Manufacturers said that they expected the prices they paid to rise by 3.3 percent in 2021. In last December’s survey they had anticipated increases of more than 4 percent in 2020.

For wages, service firms reported an average decrease of 1.2 percent—the first reported decline in
the twelve years the Fed has asked this question—while manufacturers indicated an average increase of 2.1 percent. Looking ahead to 2021, both groups projected an average rise of roughly 3 percent. In last December’s survey, increases had been expected to average around 4 percent overall in 2020—a bit higher among service firms, a bit lower among manufacturers.

Read more at the NY Fed


NAM Meets with Yellen

The National Association of Manufacturer’s Executive Committee met with Treasury Secretary–designee Janet Yellen and Deputy Treasury Secretary–designee Wally Adeyemo for a virtual roundtable on Tuesday afternoon.  According to a statement from Biden’s transition team, Yellen described President-elect Joe Biden’s “Build Back Better” plan and his policies for addressing the COVID-19 crisis as well as longer-term problems facing the economy, including job loss, wage stagnation, the decay of critical infrastructure and the need for investment in skills training.

“Dr. Yellen thanked NAM’s leadership for its partnership and support for her and Mr. Adeyemo’s nominations, and expressed the incoming administration’s gratitude for the critical role that manufacturing has played and will continue to play in the recovery, including the production of PPE and consumer goods, maintaining the food supply, and supporting vaccination efforts,” according to the statement.

Read the statement from the Biden Transition


Latest Polling in Georgia Senate Runoff Elections – Both Democrats Still Own Slight Leads

No candidate in either of Georgia’s Senate races won a majority of the vote on Nov. 3, triggering a runoff for both seats, with the top two candidates in each race facing off.  With less than four weeks remaining until the January 5th election the latest polling show very tight races with Democrats Jon Ossoff and Raphael Warnock holding slim leads over their Republican opponents David Purdue and Kelly Loeffler.

Control of the Senate now hinges on the outcome of these two races.

See the polling at 538


Mayo Clinic New York (and other states) COVID-19 Tracker Map

Since the beginning of the pandemic, Mayo Clinic has been tracking COVID-19 trends and predicting hot spots to keep our staff and hospitals safe. Now, They’re sharing the data they monitor.

This map shows a rolling average of daily cases for the past week. This is the best sign of hot spots.

See the map at the Mayo Clinic 


 

Daily Briefing – 212

Post: Dec. 15, 2020

New Cluster Zone Restriction Metrics and Matrix

On December 10, Governor Cuomo announced new metrics by which micro-cluster focus zones will be determined to help control COVID-19 spread and protect hospital capacity.  Those restrictions were released Monday Evening. The initiative continues to divide clusters and the areas around them into three categories with successively higher restrictions within each one: Red Zones, Orange Zones and Yellow Zones.

In the Red Zones all non-essential businesses are closed. Most manufacturing will be essential, and the definition of essential has evolved slightly since April. We do encourage you to confirm you essential status of the list and, again, should your region become a Red Zone you will self determine if you are essential or non-essential. 


COVID and “Winter Plan” Update

Governor Cuomo issued a press release yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Monday, December 14th. “Right now, New York is focused on growing hospital capacity through our Surge and Flex program and requiring hospital systems to begin working together so they are prepared. As those operations continue, it’s on all of us to be smart, tough, and do what we know stops the spread – socially distance, wear masks and wash our hands. The goal is to avoid another shut down and we will only be able to do that if we all do our part.”

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  5982
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 23%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  735
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 27%
  • ICU Beds Statewide
    • Total ICU Beds   =  5775
    • Occupied ICU Beds =  3799
    • Percent of ICU Beds Available  = 33%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  767
    • Occupied ICU Beds =  431
    • Percent of ICU Beds Available  = 47%
  • Transmission Rate (R0): 1.12
  • Statewide Positivity Rate: 5.33%

Here are some useful websites:


Moderna’s Vaccine Found Highly Effective, Clearing Way for a Second Vaccine

The Food and Drug Administration said its preliminary analysis confirmed the effectiveness and safety of the vaccine developed by Moderna and the National Institutes of Health, bringing it to the cusp of U.S. authorization.  A panel of outside experts will offer their recommendation Thursday, with a final FDA decision expected soon thereafter.

The positive news comes as hospitals ramped up vaccinations with the shot developed by Pfizer and BioNTech, which the FDA cleared last week. Packed in dry ice to stay at ultra-frozen temperatures, shipments of Pfizer’s COVID-19 vaccine will arrive at 400 additional hospitals and other distribution sites, one day after the nation’s death toll surpassed a staggering 300,000. The first 3 million shots are being strictly rationed to front-line health workers and elder-care patients, with hundreds of millions more shots needed over the coming months to protect most Americans.

Read more at Yahoo News


Democratic Leaders Under Pressure to Agree to Slimmed-Down COVID-19 Relief Deal

Senate Minority Leader Charles Schumer (D-N.Y.) and Speaker Nancy Pelosi (D-Calif.) are under growing pressure from fellow Democrats to back off their insistence that a year-end COVID-19 relief package include another large tranche of federal aid for cash-strapped state and local governments.

On Tuesday, the two Democrats met with McConnell and House Minority Leader Kevin McCarthy (R-Calif.) to discuss attaching a relief package to the $1.4 trillion omnibus package funding general government operations. Treasury Secretary Steven Mnuchin joined by phone.  Schumer and Pelosi have eased up on their demands in recent days amid growing calls from fellow Democrats for a coronavirus relief deal before Congress leaves for the Christmas break.

Read more at The Hill


Empire State Manufacturing Survey: Slight Uptick in Business Activity

Business activity edged slightly higher in New York State, according to firms responding to the December 2020 Empire State Manufacturing Survey. The headline general business conditions index was little changed at 4.9. New orders increased marginally, and shipments were modestly higher. Inventories continued to move lower, and delivery times edged up. Employment posted its strongest gain in months, and the average workweek lengthened somewhat. Input prices increased at the fastest pace in two years, while selling prices increased at about the same pace as last month. Looking ahead, firms remained optimistic that conditions would improve over the next six months.

Read the full report


Pandemic Supplies Production Act Proposes to Nationalize Production, Distribution of Essential Supplies for COVID-19.

US Reps. John Larson (D-CT) and Joe Courtney (D-CT) recently introduced the Pandemic Supplies Production Act designed to nationalize the production and distribution of supplies deemed essential to fighting the COVID-19 pandemic.

The new legislation would seek to gather information on the private sector’s manufacturing capabilities surrounding equipment, supplies, therapeutics, and vaccines needed to combat COVID-19. It would then mandate the Defense Production Act be invoked to match the supply and capacity needed to meet the demand for these supplies — both through COVID-19 and future pandemics. It would also create a new agency to lead the acquisition and distribution of such supplies: the Defense Logistics Agency.

Read more at Homeland Preparedness News


CDC Guidance for Strategies to Address High Levels of Community Transmission 

COVID-19 pandemic control requires a multipronged application of evidence-based strategies while improving health equity: universal face mask use, physical distancing, avoiding nonessential indoor spaces, increasing testing, prompt quarantine of exposed persons, safeguarding those at increased risk for severe illness or death, protecting essential workers, postponing travel, enhancing ventilation and hand hygiene, and achieving widespread COVID-19 vaccination coverage.

These combined strategies will protect health care, essential businesses, and schools, bridging to a future with high community coverage of effective vaccines and safe return to more activities in a range of settings.

Read more at the CDC


Withholding of State Aid Puts Additional Crunch on Region’s Cities

The withholding of 20 percent of the state’s Aid and Incentives for Municipalities (AIM funding) puts the City of Poughkeepsie in a “cash crunch,” Mayor Rob Rolison said.

“We are looking at an anticipated shortfall with falling funding because the revenues were drying up during the pandemic, which at one point was $2 million and we were able to make some cuts and some savings and we were looking at a potential $1 million shortfall by the end of the year,” he said. “Now with the 20 percent withholding of AIM, which is $800,000, that is $1.8 million.”

Port Jervis Mayor Kelly Decker said the state’s withholding of aid is across the board, meaning more belt-tightening for that city.

Read more at Mid-Hudson News


States Urge Congressional Funding for COVID-19 Vaccine Education 

A key state health regulator told the panel that state health agencies are sorely lacking in capabilities to educate the public on the new vaccines and on their effectiveness and to dispel myths and vaccine hesitancy and the states have asked Congress for $8.4 billion in supplemental funding to help the cause.

Read more at Homeland Preparedness News


FDA Authorizes First Direct-to-Consumer COVID-19 Test System

The US Food and Drug Administration authorized LabCorp’s Pixel COVID-19 Test Home Collection Kit for use by any individual 18 years and older without a prescription. This product, which is authorized as the first COVID-19 direct-to-consumer (non-prescription) test system, allows an individual to self-collect a nasal swab sample at home and then send that sample for testing to LabCorp. Positive or invalid test results are then delivered to the user by phone call from a health care provider. Negative test results are delivered via email or online portal. This home sample collection kit can be purchased online or in a store without a prescription.

Read the FDA Press Release


A Little More Clarity On CDC Quarantine Lengths 

Up until the CDC’s Dec. 2 announcement, the agency had advised that employers impose a blanket 14-day quarantine for those individuals who came into close contact with other individuals who tested positive or were presumed-positive. While the agency continues to hold that the original 14-day quarantine period is best after a close contact, the revised guidelines now allow for quarantine periods it deems acceptable, if the individual remains symptom-free.

The new periods are: 10 days after close contact with the positive person; and seven days following close contact if the returning employee has a negative result for a test within 48 hours of the final day of the seven-day quarantine (that is, at least five days following close contact).  The CDC also says the seven-day alternative should be available only when the use of tests to discontinue a quarantine will not have an impact on community diagnostic testing. It also makes the point of emphasizing that testing for infection-evaluation should be the priority.

Read more at EHS Today


Busy Factories, Wary Consumers: China’s Uneven Rebound

Factories in China have been buzzing for months, a sign that the supply side of the country’s economy has staged a recovery since covid-19 shut it down in February. Data released today show an improvement in that effort. Industrial production increased by 7% in November from a year earlier, having grown by 6.9% year-on-year in October. In 2020 China’s policymakers have focused on raising production, in order to keep unemployment low. But a recovery on the demand side of the economy has lagged behind. Retail sales rose by 5% in November, up from 4.3% in October. That represents a healthy increase from earlier in the year but it also shows the government is still struggling to stimulate consumer demand. Despite a miraculous rebound from the pandemic, progress has been lopsided.

Read more at MarketWatch


 

Daily Briefing – 211

Post: Dec. 14, 2020

“Winter Plan” Strategy Laid Out by DOH

Governor Cuomo and the state’s COVID Task Force have worked in consultation with global public health experts, local governments and other stakeholders to create a Winter Plan to combat a COVID-19 surge in New York.  The Winter Plan consists of five targeted strategies focused on mitigating the spread of the virus and bolstering New York State hospital preparedness.

Read the plan


COVID and “Winter Plan” Update

Governor Cuomo held a press briefing yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Sunday, December 13th.  He noted the increasing hospitalization rates may cause some regions’ hospital systems to become overwhelmed if rates do not stabilize. Currently, the areas with the highest risk of hospital systems becoming overwhelmed are New York City and Central New York, as well as Erie and Monroe Counties. Governor Cuomo warned that New York could see 11,000 COVID patients hospitalized (double the current number) if the current infection rate continues.  He warned that if the trajectory of hospitalization rates does not change the State could enter a second shut down of all non-essential businesses. 

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  5712
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 23%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  705
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 26%
  • ICU Beds Statewide
    • Total ICU Beds   =  5731
    • Occupied ICU Beds =  3781
    • Percent of ICU Beds Available  = 33%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  741
    • Occupied ICU Beds =  394
    • Percent of ICU Beds Available  = 48%
  • Transmission Rate (R0): 1.12
  • Statewide Positivity Rate: 5.66%

Here are some useful websites:


First Covid-19 Vaccinations Administered to U.S. Public

A nurse in New York was among the first to receive the shot Monday morning, and health workers throughout the U.S. were also set to receive the newly authorized vaccine developed by Pfizer Inc. and BioNTech SE. Pfizer shipped vaccine vials out Sunday, and hospitals and health departments across the country received them early Monday.

Some 145 U.S. hospitals and other sites were slated to receive vaccine doses Monday, followed by 425 on Tuesday and 66 on Wednesday, according to Gen. Gustave Perna, chief operating officer of Operation Warp Speed, the federal initiative to deliver Covid-19 vaccines.

Read more at the WSJ


Major Shippers Start Historic Vaccine Distribution

FedEx Express, UPS and Boyle Transportation trucks rolled out Sunday from a Pfizer manufacturing facility in Michigan, with security escorts, carrying shipments of 2.9 million US COVID-19 vaccines. The vaccines were expected to arrive today at 145 of 636 distribution centers, with the doses to arrive at the remaining distribution centers by Wednesday.

Read more at Reuters


Cuomo Issues Executive Order 202.82 Which Sets Parameters for Administrations of COVID Vaccines.

The Executive Order is  in force through January 12th and (among  many other provisions) makes the following suspensions and modifications of law:

  • Modifies the Insurance Law to ensure health coverage for COVID-19 immunizations and its administration, including visits necessary to obtain the vaccine.
  • Permits licensed physicians, certified nurse practitioners to issue non-patient specific regimens to nurses, physician assistants, specialist assistants, pharmacists, or other permitted by this Order, as well as non-nursing staff, permitted by law or Executive Order and upon completion of training deemed adequate by the Commissioner of Health, to: (1) collect throat, nasal, or nasopharyngeal swab specimens, as applicable and appropriate, from individuals suspected of being infected by COVID-19 or influenza, for purposes of testing; (2) collect blood specimens for the diagnosis of acute or past COVID-19 disease; (3) administer vaccinations against influenza or COVID-19, and (4) where applicable and to the extent necessary, to perform tasks, under the supervision of a nurse, otherwise limited to the scope of practice of a licensed or registered nurse to provide care for individuals diagnosed or suspected of suffering from a COVID-19 or influenza infection.

Read the full order


US Purchase Another 100M Doses of Moderna Vaccine

The Trump administration announced on Friday that it will purchase another 100 million doses of Moderna’s COVID-19 vaccine candidate, according to a release from the Department of Health and Human Services (HHS).  

The vaccine is still pending emergency authorization from the Food & Drug Administration (FDA) but approval appears likely. The U.S. had previously ordered 100 million doses of the vaccine earlier this year, and those will begin shipping immediately upon FDA authorization, with 20 million expected by the end of December.  The second batch of 100 million doses purchased by the U.S. will be delivered in the second quarter of next year, according to HHS.

Read more at The Hill


Bipartisan Negotiators Unveil Stimulus Bill as Clock Ticks Down

A bipartisan group of senators finally hit paydirt in its long-running coronavirus relief negotiations. Nearly a dozen centrist senators will present their much-anticipated product on Monday afternoon in two pieces: a $748 billion package boosting funds for education, vaccine distribution, transportation and other areas, and a $160 billion add-on of state and local aid coupled with a short-term liability shield for employers, according to four people familiar with the talks.

McConnell has not commented directly on the bipartisan proposal, though it does meet his general framework after he relented on previous demands for liability reform in any new stimulus measure. Pelosi wouldn’t say Monday whether she’s open to dropping Democrats’ demands for additional state and local funding.”I very much support state and local,” Pelosi said. “We are in negotiations,” she added when asked by reporters if it was still a “red line” for Democrats.

Read more at Politico


Manufacturing Economic Report – Consumer Confidence, Producer and Consumer Price Indexes

The Small Business Optimism Index declined from 104.0 in October to 101.4 in November, with owners continuing to worry about short-term political and COVID-19 uncertainties. Despite some slippage in confidence, the headline index continued to reflect overall strength, with workforce challenges topping the “single most important problem” list once again. Consumer confidence rose in December, according to preliminary data from the University of Michigan and Thomson Reuters, but confidence remains well below the levels seen before the pandemic. There were wide disparities along partisan lines.

Consumer and producer prices rose in November, but core inflation remains largely in check for now. Indeed, the Federal Reserve has pursued extraordinary monetary policy measures to help prop up the economy, with little worry about inflation, and it remains committed to its stimulative stance for the foreseeable future. The Federal Open Market Committee meets this week on Dec. 15–16.

Monday Economic Report 2020-1214


De Blasio: NYC Should Prepare for Full Shutdown Possibility

“The governor said we should prepare for the possibility for a full shutdown, I agree with that,” de Blasio said Monday. “We need to recognize that that may be coming, and we need to get ready for that now.”

A shutdown would ultimately be a decision that comes from Cuomo, but “what’s increasingly clear is that all forms of restrictions are on the table,” de Blasio said. “At the current rate we’re going, you have to be ready now for a full shutdown, a pause like we had back at the end of the spring. That’s increasingly necessary to break the back of the second wave, to stop it from growing, taking lives, threatening our hospitals.”

Read more at Bloomberg


U.K., EU Leaders Extend Marathon Brexit Talks

U.K. Prime Minister Boris Johnson and top European Union officials decided not to pull the plug from Brexit negotiations Sunday, with officials signaling last-minute progress on some of the issues that have bedeviled the talks. With time running short—a deal has to be in place by Jan. 1 to prevent huge disruption to trade and security cooperation—officials on both sides said negotiators appeared to be finding some common ground though they cautioned much work needed to be done.

Officials on both sides said they were narrowing differences over the question that lies at the center of their dispute: How much will the U.K. be tied to EU norms as the price for a tariff-free trade deal with its largest trading partner? On that question hangs trade worth close to $900 billion a year.

Read more at the WSJ


 

Daily Briefing – 210

Post: Dec. 13, 2020

NYS COVID “Winter Plan” To Begin This Week

As positivity rates and hospitalization rates continue to increase New York is recalibrating protocols with a new Winter Plan based on the most recent public health data.  The State i will make announcements regarding color zone designations on Monday, December 14th.

Here are the new metrics for determining color zone designations.

  • Red Zones: A “red zone” will be declared when a region is 21 days from 90% hospital capacity. “Red Zone” designation will put a region under NY on PAUSE restrictions, which is the Governor’s Executive Order from March 22nd, implementing a 10-point policy which closed non-essential businesses and limited public interactions to reduce the spread of COVID-19.
  • Orange Zones: A region will be designated an “orange zone” if it has 4% or higher positivity rate over the last 10 days AND 85% hospital capacity OR the NYS Department of Health (DOH) determines the region has an unacceptably high rate of hospital admissions.
  • Yellow Zones: An area will be designated as a “yellow zone” if it reaches 3% positivity rate over 10 days AND the cluster is in the top 10% for hospital admissions per capita over the past week and experiences week-over-week growth in daily admissions.

The announcement was made Friday.


COVID and Cluster ‘Surge & Flex’ Update

Governor Cuomo issued a press release yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Saturday, December 12th.  The State’s focus has shifted from positivity rates to regional hospitalization rates.  

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  5410
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 22%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  685
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 26%
  • ICU Beds Statewide
    • Total ICU Beds   =  5735
    • Occupied ICU Beds =  3828
    • Percent of ICU Beds Available  = 34%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  741
    • Occupied ICU Beds =  385
    • Percent of ICU Beds Available  = 49%
  • Transmission Rate (R0): 1.19
  • Statewide Positivity Rate: 4.96%

Here are some useful websites:


Cuomo Encourages Schools to Remain Open

Data has shown that schools have proven to be safer for students and faculty than local communities in terms of COVID-19 transmission and infection rate. Initially, experts believed schools would be sources of transmission similar to mass gatherings. However, due to high compliance with the protocols put in place, the data has shown that the positivity rates in schools is lower than the surrounding communities. Local governments have had a large degree of control in determining whether schools remain open or go to remote learning, but Governor Cuomo advocated that schools should remain open unless there is data that the school has a problematic infection rate.

Read the press release


F.D.A. Clears Pfizer Vaccine, and Millions of Doses Will Be Shipped Right Away

The authorization is a historic turning point in a pandemic that has taken more than 290,000 lives in the United States. With the decision, the United States becomes the sixth country — in addition to Britain, Bahrain, Canada, Saudi Arabia and Mexico — to clear the vaccine. Other authorizations, including by the European Union, are expected within weeks.

The authorization set off a complicated coordination effort from Pfizer, private shipping companies, state and local health officials, the military, hospitals and pharmacy chains to get the first week’s batch of about three million doses to health care workers and nursing home residents as quickly as possible, all while keeping the vaccine at ultracold temperatures.

Read more at the NYT


Best Practices for Mental Health Care in the Workplace – 5 Strategies

Employee well-being and mental health care have been elevated from perks to requirements as life and work have collided amid the coronavirus pandemic, Gallup researchers note. They offer five strategies culled from top organizations, such as training managers to talk about mental health and identifying high-risk employees.

Read more at Gallup


Trust is Key to Discussing Vaccinations in the Workplace

At the end of the day, says Pearce, the workforce needs to believe that the employer is doing the right things, having balanced the needs of the organization, the safety of the employees, and the expectations of the customer.

“This success of managing the vaccination, and other issues related to COVID-19 will be achieved through an ongoing dialogue based on trust,” says Pearce.

Read more at EHS Today


West Point Tests COVID Tracking Device -Beats Navy 15-0

Cadets at West Point have been selected for a test that utilizes a wearable, proximity logging device that helps evaluate where and when COVID outbreaks happen within troops.

The system uses a Samsung smartwatch with enhanced proximity and contact logging to gather data on interactions between devices, with the distinction that no GPS data or physiological data is being gathered. That is, it’s not tracking individuals. The study is an investigation of an enhanced contact tracing technology used in Singapore. 

Army beat Navy 15-0.

Read more at Mid-Hudson News


Regional Transportation Study Suggests ‘Micro-Transit’

The findings and recommendations from the study, which began in 2018, suggest improving the technological infrastructure of regional transit, based on results of 1,295 surveys representing 75 percent ridership and 25 percent non-riders.

In the vein of technological improvement, one of the implements backed by data is creation of micro-transit services. Micro-transit acts like a public Uber, or Lyft, and allows riders to directly request vehicles. The study recommends a 10-zone micro-transit service area across the three counties. Those areas would be the 17M/US-6 corridor, a west of Newburgh area, an east of Newburgh area, Beacon to Newburgh on both sides of the Hudson, south Poughkeepsie, northern Dutchess, southern Ulster County, Bearsville/Woodstock and West Hurley. 

Read more at Mid Hudson News


Talks On Stimulus Package Deadlock On State And Local Aid Despite Assurances Of Progress

Congress will return to work on Monday with one more week to hash out a comprehensive coronavirus aid bill but despite assurances from a bipartisan group of senators that a $908 billion relief framework is coming together, old disagreements are proving difficult to resolve. 

Democratic leaders want the $908 billion framework to include more federal aid to state and local governments to stave off layoffs and protect essential services, according to CNN’s Manu Raju, but many Republicans view that as a bailout for blue states and are opposing its inclusion. On top of that, lawmakers reportedly still don’t have an agreement on coronavirus liability protections for businesses and schools, a major Republican priority that Democrats say will put the interests of corporations ahead of workers’ safety.

Read more at Forbes


 

 

Daily Briefing- 209

Post: Dec. 10, 2020

COVID and Cluster ‘Surge & Flex’ Update

Governor Cuomo issued a press release yesterday morning providing an overview of New York’s COVID-19 tracking data from Wednesday, December 9th.  The State’s focus has shifted from positivity rates to regional hospitalization rates.  

If statewide and regional hospitalization rates do not stabilize by today indoor dining will be banned in New York City and capacity would be reduced from 50% to 25% for the rest of the state. 

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  5164
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 22%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  694
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 25%
  • ICU Beds Statewide
    • Total ICU Beds   =  5889
    • Occupied ICU Beds =  3981
    • Percent of ICU Beds Available  = 35%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  744
    • Occupied ICU Beds =  378
    • Percent of ICU Beds Available  = 49%
  • Transmission Rate (R0): 1.18
  • Statewide Positivity Rate: 5.15%

Here are some useful websites:


US Panel Endorses Widespread Use of Pfizer COVID-19 Vaccine

A U.S. government advisory panel endorsed widespread use of Pfizer’s coronavirus vaccine Thursday, putting the country just one step away from launching an epic vaccination campaign against the outbreak that has killed close to 300,000 Americans.  Shots could begin within days, depending on how quickly the Food and Drug Administration signs off, as expected, on the expert committee’s recommendation.

Next week, the FDA will review a second vaccine, from Moderna and the National Institutes of Health, that appears about as protective as Pfizer-BioNTech’s shot. A third candidate, from Johnson & Johnson, which would require just one dose, is working its way through the pipeline. Behind that is a candidate from AstraZeneca and Oxford University.

Read more at the AP


ICU Beds Filling Up –  Latest US Map and COVID Case Count

More than a third of Americans live in places where intensive-care beds in hospitals are close to capacity, according to fresh federal data. An analysis by the New York Times of detailed geographical information on covid-19 in hospitals, published for the first time, showed that one in ten Americans lived in areas where intensive-care units were either full or had less than 5% of beds available. Many of them are in the Midwest and the South.

See the map and analysis at the NYT


McConnell signals no Republican support for COVID-19 deal from bipartisan group

Senate Majority Leader Mitch McConnell is hitting the brakes on the emerging COVID-19 aid package from a bipartisan group of lawmakers, saying Republican senators won’t support $160 billion in state and local funds as part of a potential trade-off in the deal.

McConnell’s staff conveyed to top negotiators that the GOP leader sees no path to an agreement on a key aspect of the lawmakers’ existing proposal – a slimmed-down version of the liability shield for companies and organizations facing potential COVID-19 lawsuits – in exchange for $160 billion in state and local funds that Democrats want.   The hardened stance from McConnell, who does not appear to have the votes from Republicans for a far-reaching compromise, creates a new stalemate over the $900-billion-plus package, despite days of toiling by a bipartisan group of lawmakers toward a deal.

Read more at ABC News


U.S. Unemployment Claims Rise to Highest Level Since September

Weekly initial claims for jobless benefits from state programs, a proxy for layoffs, increased by a seasonally adjusted 137,000 in the week ended Dec. 5, the Labor Department said Thursday. Last week’s level of applications was the highest since September, but was still well down from a peak of nearly seven million in late March.

Jobless claims have mostly trended down since the spring, when the coronavirus pandemic caused widespread business shutdowns. Since falling below 1 million a week in August, the pace of improvement slowed. That matches with other measures showing the economy is recovering, but at a slower pace in recent months.

Read more at the WSJ


GAO Report – Jobless Data Flawed

Jobless claims data has been viewed as a bellwether for economists and policy makers for a half-century. However, the Government Accountability Office, a federal watchdog, last month said jobless claims data was flawed.

The GAO said states have provided inconsistent data to the Labor Department and incidents of fraud have distorted the numbers. The Labor Department on Thursday said the measurement of ongoing benefits, known as continued claims “reflect a good approximation” of the number of insured unemployed workers filing for benefits.  That number rose by 230,000 to 5.8 million in the week ended Nov. 28. State programs provide unemployment insurance to most U.S. workers.

Read more in the WSJ


 

A Little More Detail from the JOLTS Report – Manufacturing Job Openings Rise

Manufacturing job openings increased from September to October, according to the Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics.  There were 525,000 manufacturing job openings in October, up from 492,000 in September and a new record high. Postings for durable (up from 267,000 to 290,000—the best since August 2019) and nondurable goods (up from 225,000 to 235,000—an all-time high) both strengthened in October.

According to NAM Chief Economist Chad Moutray, “One sign of improved health is the ‘churn’ seen in the labor market, and the number of quits has rebounded in recent months. This is reassuring and a sign that the market is strengthening.”

See the full report at the BLS


Empire Center’s McMahon: NY’s Need for Federal Aid Is Real—But Inflated

A solid case can be made for providing relief geared to the sudden and unforeseeable revenue losses of state governments and localities across the country, whose revenue estimates were severely disrupted by a pandemic with consequences far more severe than anything they could have planned for in 2019.

But Cuomo has not helped his case by playing games with the numbers involved, repeatedly exaggerating the amount he actually needs—and by avoiding any action to permanently reduce spending, lest it suggest to Congress that he actually needs less. As framed in this week’s letter to the congressional delegation, the real budgetary needs of the state and the city (but not the MTA, which is in truly dire shape) are exaggerated.

Read more at the Empire Center


Pandemic Means Employers Need to Know How Workers Spend Time Off

Employers have wide latitude during a pandemic in what they can ask regarding your holiday plans. That includes asking workers to take a pledge to refrain from any risky behavior—as some companies did right before Thanksgiving—and cautioning employees against any conduct that would violate federal or local health guidelines. It varies by state, but if it is a matter of protecting the safety of the workplace, employers can also discipline workers for what they do during off hours. That could include if workers don’t disclose potential exposure to the virus and return to the workplace without quarantining after personal travel or after attending large celebrations.

Read more at the WSJ


ECB Expands Stimulus Program in Bid to Prop up Pandemic-Hit Eurozone Economy

The European Central Bank expanded and extended its asset-buying program Thursday and vowed to keep an eye on the euro exchange rate as it attempts to shore up the eurozone economy in the wake of the coronavirus pandemic. The moves were largely in line with expectations and aimed to keep borrowing costs low for governments as they ramp up spending to address the fallout from the health crisis.

The centerpiece of Thursday’s actions was an expansion of the size of its pandemic emergency purchase program by 500 billion euros ($606.2 billion) to 1.85 trillion euros and extending it by at least nine months to March 2022. Lagarde said the ECB didn’t necessarily have to use the entire PEPP “envelope” if conditions improve, but could also expand it if needed.

Read more at Market Watch


Boeing 737 Takes Off On First Commercial Flight in 20 Months

Boeing’s 737 Max jet is flying commercial routes once again, as Brazil’s Gol Airlines brought the jetliner back into service Wednesday. The worldwide fleet of 737 Max planes has been grounded since March 2019, after two deadly crashes raised concerns over the aircraft’s safety and airworthiness.

Gol flew passengers on a 737 Max 8 Wednesday from São Paulo to Porto Alegre, along Brazil’s eastern coast. The trip lasted roughly an hour and 15 minutes, with the plane landing on schedule,

Read more at NPR 


 

Daily Briefing -208

Post: Dec. 9, 2020

Cuomo Outlines COVID-19 Vaccine Distribution in New York State

New York State is set to receive 170,000 doses of the initial Pfizer vaccine, as soon as this weekend. Nationwide, six million doses are set to be distributed within days.  The Mid-Hudson Region is slated to receive 19,200 doses.

Nursing home staff and nursing home residents will be the first to receive the COVID-19 vaccine, along with “high risk” hospital workers, which include those who work in the ICU, emergency room, or in pulmonary care. Rules have been established as to who gets the vaccine first in hospitals, and those rules have been sent to the hospitals. The hospitals will choose who will get the vaccine first, based on the high-risk guidelines.

Read more about the distribution protocol at Local Syracuse


COVID and Cluster ‘Surge & Flex’ Update

Governor Cuomo held a remote press briefing yesterday morning providing an overview of New York’s COVID-19 tracking data from Monday, December 7th.  The State’s focus has shifted from positivity rates to regional hospitalization rates.  “Hospitals are going to have to be extraordinarily flexible and nimble to handle the additional case load. Not only will they have to work as a system and balance caseload among their hospitals, but they also need to be prepared to shift patients before they’re admitted, to other hospitals that have a greater capacity,” Governor Cuomo said.

If statewide and regional hospitalization rates do not stabilize indoor dining would be banned in New York City and capacity would be reduced from 50% to 25% for the rest of the state. 

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  (The State is no longer focused on positivity rates, instead it is closely monitoring hospitalizations and ICU capacity)

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  4993
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 22%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  666
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 25%
  • ICU Beds Statewide
    • Total ICU Beds   =  5975
    • Occupied ICU Beds =  3928
    • Percent of ICU Beds Available  = 36%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  747
    • Occupied ICU Beds =  378
    • Percent of ICU Beds Available  = 48%
  • Transmission Rate (R0): 1.18
  • Statewide Positivity Rate: 5.44%

Here are some useful websites:


White House Return to Stimulus Talks Boosts Chance of Deal

Treasury Secretary Steven Mnuchin made a surprise re-entry into talks on a 2020 pandemic-relief package with a $916 billion proposal that opened a potential new path to a year-end deal despite objections from Democrats over elements of the plan.

After largely leaving the task to Senate Majority Leader Mitch McConnell since Election Day, Mnuchin pitched a $916 billion stimulus plan to House Speaker Nancy Pelosi in a Tuesday afternoon telephone call, more than a week after she and Senate Democratic leader Chuck Schumer retreated from their previous insistence on a $2.4 trillion bill.

Read more at Bloomberg


Latest Polling in Georgia Senate Runoff Elections – Both Democrats Own Slight Leads

No candidate in either of Georgia’s Senate races won a majority of the vote on Nov. 3, triggering a runoff for both seats, with the top two candidates in each race facing off.  With less than four weeks remaining until the January 5th election the latest polling show very tight races with Democrats Jon Ossoff and Raphael Warnock holding slim leads over their Republican opponents David Purdue and Kelly Loeffler.

Control of the Senate now hinges on the outcome of these two races.

See the polling at 538


Job Openings in U.S. Unexpectedly Rose to a Three-Month High – Mfg Among the Growing Sectors

U.S. job openings unexpectedly rose in October to a level that’s consistent with a gradual improvement in the labor market as employers seek to adjust headcounts against a backdrop of changing demand and coronavirus infection dynamics.  One measure of hiring—the share of LinkedIn members who added a new employer to their profiles, indexed to the monthly average in 2015-2016—rose 0.8% in November, compared with October. The index jumped 18.1% from September to October.

Year on year the number of job openings in October (not seasonally adjusted) decreased to 7.1 million (-596,000) reflecting the continued impact of the COVID-19 pandemic on the labor market. Job openings decreased in a number of industries with the largest decreases in retail trade, accommodation and food services, and finance and insurance. Only nondurable goods manufacturing and durable goods manufacturing had increases in job openings.

Read more at Livemint


Deloitte CFO Survey:  Vaccines Make for Optimism 

The percentage of CFOs rating the North American economy as “good” or “very good” rose to 18% in the latest survey from 7% a quarter earlier. That puts North America ahead of Europe, where only 5% of respondents rate the current economy as “good” or “very good,” but well behind China, where 47% see it as “good” or “very good.”

Looking a year out, a full 59% of CFOs expect the U.S. economy to be better. A majority (58%) expect the S&P 500 will be higher by the end of next year, and a similar majority (60%) believe the ten-year bond yield will stay below 2%.

Read more at Deloitte


US Steel to Acquire Big River Steel Entirely for $774 Million

U.S. Steel Corporation announced December 8 that it would purchase the remaining equity of Big River Steel Co. for $774 million in cash after ending November 2020 with about $2.9 billion in liquidity, $1.7 billion in cash. David B. Burritt, CEO of U.S. Steel, called the purchase “the cornerstone of our ‘Best of Both’ strategy.”

The deal, which is set to close in the first quarter of 2021, will combine U.S. Steel’s blast furnaces and steel intellectual properties with Big River Steel’s modern electric arc furnace (EAF) technologies and “mini mill” operations into the same company. U.S. Steel, in a statement, said this would expand U.S. Steel’s talent pool and make the overall company more competitive.

Read more at IndustryWeek


Respirators, Wearables, Social Distancing – A Look at The Top 10 Trends in EHS in 2020

As 2020 comes to a close, we look back on a year that we won’t soon forget (and will likely feel the reverberations of for years to come). Here are the top 10 issues impacting safety professionals in 2020, as reported in our print magazine, on our website, in one of our digital products, or on one of our social media channels. Our thanks to EHS Today’s editorial staff and all others who contributed to our coverage throughout the year.

Read more at EHS Today


FuzeHub Webinar: Experts from RIT, Cornell and RPI Discuss COVID-Impacted Manufacturing – Today at 11:00

COVID has altered the way many manufacturers do business. Whether that means changing materials to accommodate supply issues, redesigning product, or reusing and remanufacturing components to meet demand; the pandemic has forced organizations to innovate or fail.

Learn from our panel of industry experts how manufacturers have adapted to this chaotic new landscape during the next virtual workshop in the Manufacturing Reimagined series “Crisis Workarounds: Alternate Materials, Product Redesign & Remanufacturing.”

Learn more and register


Manufacturers Push for Tax Deduction Extension

The NAM is calling for Congress to temporarily extend a COVID-19 tax relief provision that would support manufacturers impacted by the pandemic.

Currently, the maximum deduction for interest on business loans is limited to 30% of earnings before interest, tax, depreciation and amortization (EBITDA). When COVID-19 hit, however, many businesses saw their earnings fall, which also caused their allowable business interest deduction to decrease, even as firms were forced to take out loans to stay afloat. To support these businesses, Congress increased the allowable business interest deduction from 30% to 50% of EBITDA in the bipartisan CARES Act

 

Daily Briefing – 206

Post: Dec. 7, 2020

Fauci Joins Cuomo at Briefing, Calls NY Plan “Sound” 

Dr. Anthony Fauci joined Governor’s press briefing yesterday morning via video.  He was asked to chime in on the governor’s rule limiting gatherings to 10 people or fewer.

“I think that’s a very sound rule and I feel 10 may even be a bit too much. It’s not only the number, Governor, but it’s the people that may be coming in from out of town…. You want to make sure you don’t get people who just got off an airport or a plane or a train and came in from Florida or came in from wherever. That’s even more risky than the absolute number. Not only the number of 10 seems reasonable, but make sure that when people come in, that they’re not people who have no idea where they’ve been or who they’ve been exposed to. You want to be friendly, you want to be collegial, but you really got to be careful about that.”

Read the transcript or listen to the audio


NYS Transmission Rate Climbs to 1.22, Only California’s is Higher

As of December 5, 2020, California had the highest Rt value of any U.S. state. The Rt value indicates the average number of people that one person with COVID-19 is expected to infect. A number higher than one means each infected person is passing the virus to more than one other person. New York State is second at 1.22.

Read more at Statista


COVID and Cluster Update – DOH to Implement ‘Surge & Flex’ Protocol

Governor Cuomo held a press briefing yesterday morning providing an overview of New York’s COVID-19 tracking data from Sunday, December 6th. He announced that DOH will implement its Surge and Flex protocol.  Hospitals are mandated to begin expanding their bed capacity by 25 percent and retired doctors and nurses are urged to return to service to prepare for a future COVID-19 surge and that if the statewide and regional hospitalization rates do not stabilize within 5 days, indoor dining would be banned in New York City and capacity would be reduced from 50% to 25% for the rest of the state.

Hospitalization tracking data for the Mid-Hudson region and the rest of the State are below.  (The State is no longer focused on positivity rates, instead it is closely monitoring hospitalizations and ICU capacity)

  • Hospitalizations Statewide
    • Patients Currently in Hospital in Region   =  4602
    • COVID Hospitalizations as Percent of Region Population =  .002%
    • Percent of Hospital Beds Available in Region  = 23%
  • Hospitalizations Mid-Hudson Region: 
    • Patients Currently in Hospital in Region   =  618
    • COVID Hospitalizations as Percent of Region Population =  .003%
    • Percent of Hospital Beds Available in Region  = 25%
  • ICU Beds Statewide
    • Total ICU Beds   =  728
    • Occupied ICU Beds =  368
    • Percent of ICU Beds Available  = 48%
  • ICU Beds Mid-Hudson Region: 
    • Total ICU Beds   =  5968
    • Occupied ICU Beds =  3743
    • Percent of ICU Beds Available  = 37%
  • Transmission Rate (R0): 1.22

Here are some useful websites:


Congress To Buy Time for Stimulus Negotiations by Voting on a One-Week Extension of Government Funding Until December 18

Congress will vote on Wednesday on a one-week extension of to buy more time for coronavirus relief negotiations, according to House Majority Leader Steny Hoyer.  The move would keep the federal government funded until December 18. Another short-term spending package or large-scale omnibus bill must be passed by then or result in a shutdown.

The Washington Post reported that negotiations on a government funding bill are being held up by strong disagreements on numerous policy issues, notably immigration. Lawmakers are aiming to attach a coronavirus relief package to the critical spending bill this month.  But the newspaper reported that legislative text for the $908 billion bipartisan framework may come Tuesday at the earliest. It’s expected to include $300 federal weekly unemployment benefits, a fresh round of small business aid, as well as assistance for state and local governments. But it will likely exclude a second wave of $1,200 stimulus checks.

Read more at Business Insider


China Exports Surge by Forecast-Beating 21.1% in November

China’s exports rose in November at their fastest pace in almost three years, official figures showed Monday, as a surge in demand in key markets ahead of the festive period also helped the country post a record trade surplus.  The reading is the latest spot of good news out of the world’s number two economy, which has been enjoying a bounce back from virus-induced lockdowns that sent it into a rare contraction earlier in the year.

Overseas shipments grew 21.1% on-year last month to $268 billion thanks to strong demand for medical goods and electronics.  The figure — the best since February 2018 — surpassed the 12 percent tipped in a Bloomberg poll of analysts and was much better than the 11.4 percent seen in October. The reading also marked the sixth straight month of growth.

Read more at IndustryWeek


Manufacturing Economy Report – Manufacturing Continued to Expand in the Latest Data

Manufacturing continued to expand in the latest data, even while signs of slowing persist in many markets and with activity remaining below pre-pandemic levels.  The Institute for Supply Management® said that manufacturing activity in November pulled back from October, which had recorded the fastest pace since September 2018. The index noted decelerating—but still solid—expansions for new orders and production.

New orders for core capital goods—a proxy for capital spending in the U.S. economy—rose 0.8% to $70.1 billion in October, a new record. Encouragingly, core capital goods orders have risen a very robust 5.9% over the past 12 months. Manufacturing added 27,000 workers in November, rising for the seventh straight month. Employment in the sector remains well below its pre-COVID-19 pace, down by 599,000 in November relative to the level in February. The current outlook is for 12,250,000 employees in the manufacturing sector at year’s end.

Manufacturing Economic Report 2020-1207


Automotive Highlights Manufacturing Jobs Gain in November

The motor vehicle sector added 15,400 jobs last month, accounting for more than half the 27,000 jobs gained in US manufacturing, according to Labor Department data. November’s seasonally adjusted manufacturing employment in terms of jobs was up from a month earlier but down from a year ago.

Read the full story at SME


Rolls Cuts Deeper into Jet-Engine Parts Production 

Rolls-Royce Plc is downsizing its turbofan engine components manufacturing business as the long-range impact of the COVID-19 pandemic becomes more apparent. Its new strategy further narrows the scope of commercial-aircraft engine parts Rolls will produce for its own use and expands the list capabilities it will put into the ITP Aero portfolio it is offering for sale at a reported price of £2 billion ($2.6 billion.)

The pandemic has gutted demand for new commercial aircraft and maintenance for existing fleets, with dire effects on the supply chain. Rolls-Royce, which has been downsizing its organization for several years, raised the scope of those efforts earlier this year.

Read more at Foundry Management


3M Cut Workforce by 3%

As part of a shift in its operating structure, 3M announced December 3 it would eliminate 2,900 positions globally. In a release, the conglomerate said it would work to streamline its business by focusing on global trends.

3M’s CEO Mike Roman said in a statement that 3M began using a new operating model at the beginning of the year, but that the COVID-19 pandemic has disrupted end markets and forced companies to adapt to changing circumstances faster. In January, before the pandemic hit, the company said it would cut 1,500 jobs as part of an initial restructuring.

Read more at IndustryWeek


Schumer: American Foundries Act Added to Defense Authorization Act – Win for Upstate New York

Earlier this year the bipartisan American Foundries Act was successful added as an amendment  to the Senate’s Fiscal Year 2021 National Defense Authorization Act (NDAA), U.S. Senator Charles E. Schumer today announced the final version of the FY2021 NDAA includes his provision to bolster U.S. leadership in the semiconductor and broader microelectronics industries. The senator explained that the new programs included in NDAA will increase federal support for semiconductor manufacturing by providing new federal incentives to conduct advanced research and development of semiconductor technology, secure the supply chain, and ensure national and economic security by reducing reliance on foreign semiconductor manufacturing.

“The economic and national security risks posed by relying too heavily on foreign semiconductor suppliers cannot be ignored, and Upstate New York, which has a robust semiconductor industry, is the perfect place to grow domestic semiconductor R&D and manufacturing by leaps and bounds,” said Senator Schumer. “

Read the press release


1st Doses Of COVID-19 Vaccine To Be Administered Starting Today In The U.K.

As U.S. health authorities continue examining the proposed COVID-19 vaccines, residents in the United Kingdom — the first Western country to issue approval for emergency use — are set to receive their first shots as early as this week.

But quickly vaccinating as many people as possible in the U.K. will pose enormous logistical challenges — from keeping the doses frozen to figuring out how to methodically and fairly distribute the vaccine across the nation of 68 million. The first batch of the vaccine created by Pfizer and the German company BioNTech arrived in the U.K. last week. Doses are scheduled to be delivered to hospitals beginning Monday. Nursing home residents, health care workers and people age 80 and over will be first in line.

Read more at NPR


 

 

Daily Briefing – 205

Post: Dec. 6, 2020

Cluster Focus to Shift to Hospitalizations

The State is now primarily focused on hospitalization rates and hospital bed availability rather than positivity rates, though they continue to use that metric to monitor and control outbreaks. “We’re closely monitoring hospital capacity and have implemented triggers to ensure hospitals have what they need.” The Governor said.

  • The Western New York and Finger Lakes regions continue to have the highest percentage of population hospitalized.
  • Hospital capacity can be increased by using a “surge and flex” system which ends elective surgeries, expands hospital capacity, and builds field hospitals.
  • Roughly 40% of the ICU beds in the State are currently available.
  • At the beginning of the pandemic the average stay in the hospital for a COVID patient was 11 days. It’s now five days thanks to improved treatments. In March, 23% of those hospitalized would pass away from COVID-19. Now, it is just eight percent.

Read the press release


COVID and Cluster Update 

Governor Cuomo issued a press release  yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Saturday, December 5th. 

Tracking data for the Clusters and the rest of the State are below. 

  • Clusters: 6.22%
  • Statewide: 4.71%
  • Mid-Hudson Region: 5.97%
  • Statewide excluding clusters: 4.24%
  • Rockland yellow zone: 5.80%
  • Westchester yellow-zones (Peekskill  10.59, Ossining 8.68, Tarrytown 5.70, Yonkers 5.76 New Rochelle 5.94, Port Chester 11.42)
  • Orange Yellow Zones – (Newburgh 7.88, Middletown 8.16)
  • Statewide hospitalizations: 4,063 (783 in ICU) 
  • Transmission Rate (R0): 1.11

Here are some useful websites:


US Economy Adds 245,000 Jobs, Unemployment Rate Falls to 6.7% – November Jobs Report

The U.S. Department of Labor released its monthly jobs report Friday morning.  Here were the main results from the report, compared to Bloomberg consensus data as of Friday morning:

  • Change in non-farm payrolls: +245,000 vs. +460,000 expected and a revised +610,000 in October
  • Unemployment rate: 6.7% vs. 6.7% expected and 6.9% in October
  • Average Hourly Earnings month-over-month: 0.3% vs. +0.1% expected and +0.1% in October
  • Average Hourly Earnings year-over-year: 4.4% vs. +4.2% expected and a revised +4.4% in October

Read more at Yahoo Finance


Manufacturers Add 27,000 Jobs in November

Manufacturing added 27,000 new jobs in November as compared to 33,000 in October. The number of new jobs created each month in manufacturing has trended downward each month. The manufacturing sector employs 599,000 fewer people than it did before February 2020.

In a troubling sign for the health of the economy and of employers still looking to hire, the Bureau of Labor Statistics noted that the 0.2 point drop in the unemployment rate was mainly due to a loss in the number of people participating in the labor force, which means fewer people are looking for a job. About 3.9 million people in November reported that the COVID pandemic prevented them from looking for work, up from 3.6 million in October. That could exacerbate a key stumbling block for manufacturers. In the Institute for Supply Management’s December 1 survey of manufacturers, executives from multiple industries cited labor shortages and suppliers with labor shortages as a challenge in ramping up production while most other factors, including consumer demand, were favorable.

Read more at IndustryWeek


The Bipartisan Stimulus Bill Looks Pretty Close To What Top Economists Think Is Needed

With the slowing pace of the economic recovery and a winter without a widely-distributed vaccine, some economists are feeling exasperated with Capitol Hill: “C’mon, already!” exclaims Moody’s Analytics chief economist Mark Zandi. “If we don’t get that help, [Friday’s unemployment] report suggests that the economy is going to start backtracking, we’re going to start losing jobs, and unemployment will start rising again,” Zandi tells Fortune.  

Michelle Meyer, head of U.S. economics at Bank of America, is slightly more optimistic: “There’s a clear economic case for the stimulus, but I think it’s important to remember that the economy has continued to recover, has continued to heal,” she tells Fortune. “Another round of stimulus will simply speed up that healing process in a way that could be very powerful for the trajectory of growth once we have the vaccine.”

But what’s on economists’ wish lists for a stimulus bill to bridge the gap between an ailing economy and a vaccine-liberated one?

Read more at Fortune


Meatpacker JBS Removed At-Risk Workers from Beef Plant Amid Covid-19 Surge

U.S. meatpackers are shoring up defenses to keep Covid-19 out of plants that collectively employ hundreds of thousands of workers, supplying meat to fast-food chains and supermarkets. Rapidly spreading infections associated with U.S. meatpacking plants last spring killed dozens of workers, forced widespread shutdowns and led to shortages in some meat products, while backing up livestock on farms.

JBS on Nov. 7 removed 202 Greeley plant workers considered vulnerable to the coronavirus due to age and other factors, a JBS spokesman said. Those workers are getting full pay and benefits and can return to work after community-infection rates decrease, he said. The step has had marginal effect on the plant’s beef production, according to the company.

Read more at the WSJ


States Forge COVID-19 Liability Shields

One of the factors for business owners who are making the decision of whether to reopen while the COVID-19 pandemic waxes and wanes is the prospect of legal liability claims filed by employees, vendors and customers who contract the virus in your premises.

On the federal level there isn’t much to report because partisan differences have reinforced legislative gridlock. States that have already jumped on the bandwagon are Alabama, Arkansas, Georgia, Idaho, Iowa, Kansas, Louisiana, Michigan, Mississippi, Nevada, North Carolina, Ohio, Oklahoma, Tennessee, Utah and Wyoming. Each has chosen to enact COVID liability shields either by taking legislative action or through executive orders issued by their governors.  Legislation is being considered in several other states, including Alabama, Arizona, Delaware, Illinois, Minnesota, New Jersey, New York and South Carolina, report attorneys Honore Hishamunda and Kevin M. Young of the Seyfarth Shaw law firm. 

Read more at EHS Today


Johns Hopkins Looks at Worldwide Case Fatality Ratio

Over the course of the COVID-19 pandemic, we have focused separately on incidence and mortality, whether in terms of total or per capita values. Today, we will take a closer look at the relationship between these to metrics by discussing the case fatality ratio (CFR). CFR helps us understand how severe a disease is by determining what percentage of patients ultimately die. The CFR for the vast majority of countries remains below 3%. In fact, 86% of countries (163 of 190) and territories tracked by Our World in Data are reporting CFR of 3% or less, 63% (120) are reporting a CFR 2% or less, and 31% (59) are reporting a CFR of 1% or less. Globally, the cumulative CFR is currently 2.3%.

Johns Hopkins looks at Worldwide case fatality ratio (CFR)


Nat Geo Poll Shows 61 Percent of Americans Likely to Take COVID-19 Vaccine

A National Geographic and Morning Consult poll finds 61 percent of Americans surveyed are likely to do so as well. Of the 2,201 Americans polled, 37 percent responded “very likely” and 24 percent “somewhat likely.” Another 11 percent said “somewhat unlikely” and 19 percent “very unlikely.” Ten percent of respondents said they didn’t know. (The categories of responses were rounded to the nearest percentage).

Men who were polled were more likely (69 percent) to say they would take the vaccine than women (51 percent), with nearly 1 in 4 women responding “very unlikely.” Sixty-two percent of women identifying as Democrats supported taking the vaccine, as opposed to 45 percent of Republican women and 42 percent of female Independents.

Read more and see the charts at National Geographic


 

Daily Briefing – 204

Post: Dec. 3, 2020

COVID and Cluster Update 

Governor Cuomo held a press briefing  yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Tuesday, December 2nd. The Governor also discussed the logistics of vaccine delivery, and that he would extend rent relief into the new year.

Tracking data for the Clusters and the rest of the State are below. 

  • Clusters: 5.91%
  • Statewide: 4.63%
  • Mid-Hudson Region: 5.17%
  • Statewide excluding clusters: 4.49%
  • Rockland yellow zone: 5.05%
  • Westchester yellow-zones (Peekskill  10.10, Ossining 9.77, Tarrytown 4.56, Yonkers 4.69 New Rochelle 5.77, Port Chester 8.58)
  • Orange Yellow Zones – (Newburgh 7.33, Middletown 6.30)
  • Statewide hospitalizations: 4,063 (783 in ICU) 
  • Transmission Rate (R0): 1.11

Here are some useful websites:


Cuomo Executive Order Modifies to Allow In-Person Learning for Schools in Red and Orange Zones

“The directive contained in Order 202.68 that required the Department of Health to determine areas in the State that require enhanced public health restrictions based on cluster-based cases of COVID is hereby modified to provide that schools located within geographic areas designated by the Department of Health as “red zones” and “orange zones” may conduct in-person instruction during the period of time that the zone is designated “red” or “orange,” subject to compliance with guidance and directives of the Department of Health.”

Read the order


CDC Shortens Its COVID-19 Quarantine Recommendations

The Centers for Disease Control and Prevention has revised its guidelines for people who may have been exposed to the coronavirus. Now, instead of the standard 14-day quarantine it has been recommending, the CDC says that potential exposure warrants a quarantine of 10 or seven days, depending on one’s test results and symptoms.

If individuals do not develop symptoms, they need only quarantine for 10 days; if they test negative, that period can be reduced to just one week.  The revision marks a significant change from the CDC’s recommendations since the start of the pandemic earlier this year. While the agency says a 14-day quarantine remains the safest option, it acknowledged this length placed difficult demands on people.

Read more at NPR


Coronavirus Stimulus Talks Moving in Right Direction, Party Leaders Say

One day after House Speaker Nancy Pelosi (D., Calif.) and Senate Minority Leader Chuck Schumer (D., N.Y.) signaled they would accept a smaller relief package than they had previously targeted, both sides indicated that shift could help move them closer to reaching an agreement on aid for businesses and families before the year’s end.

“That is at least movement in the right direction,” Senate Majority Leader Mitch McConnell (R., Ky.) said Thursday on the Senate floor. “Compromise is within reach. We know where we agree. We can do this.” Mr. McConnell also noted that Democrats’ shifting stance hadn’t eliminated many of the policy divisions that have stymied negotiations for months. Some of the most stubborn sticking points include funding for state and local governments prioritized by Democrats, but derided by President Trump as a bailout for Democratic-run states, as well as legal protections Republicans are seeking for businesses and other entities operating during the pandemic.

Read more at the WSJ


Jobless Claims Hit Pandemic-era Low as Hiring Continues

New jobless-claim filings last week reached their lowest level of the pandemic crisis, providing a sign that hiring is continuing if at a slower pace.

First-time claims for unemployment benefits totaled 712,000 last week, compared with 787,000 a week earlier and the Dow Jones estimate of 780,000, the Labor Department reported Thursday.  Continuing claims also fell sharply, dropping 569,000 to 5.52 million.

Read more at CNBC


NAM Chief Economist Chad Moutray Breaks Down the Changing Economy

 “The manufacturing sector has experienced solid growth in recent months, but lingering uncertainties about COVID-19 and supply chain disruptions continue to challenge businesses. Despite progress, there are roughly 600,000 fewer manufacturing workers today than before the pandemic, with production still down 4.8%. Activity has slowed of late, largely because of renewed virus outbreaks; although, the new restrictions have hit the service sector harder than manufacturing.”

Manufacturing Economic Outlook From Chad Moutray


Boeing 737 MAX Takes Flight Again

An American Airlines Boeing 737 MAX airliner took to the skies for a short flight from Dallas, Texas to Tulsa, Oklahoma on December 2, as part of a Boeing publicity event hailing the return of the jet to service.

The plane carried about 90 people, including journalists, flight attendants, and American Airlines employees, making the 45-minute jaunt the first time the 737 has flown since the first half of 2019 with members of the public on board. According to the AP, American Airlines plans on returning the 737 to normal service December 29 with round trips from New York to Miami.

Read more at IndustryWeek


OPEC Plus Agree to Increase Output by 500,000 Barrels a Day in January

Oil prices rose after The Wall Street Journal first reported the that OPEC and a group of Russia-led oil producers agreed to increase their collective output by 500,000 barrels a day next month ending a standoff over oil policy among the two sides and promising a modest boost to global supplies as oil markets tighten.

The agreement marks a compromise among some of the world’s biggest producers after disagreement this week over whether or not to start raising output again. Members of the Organization of the Exporting Countries and a group of other big oil producers led by Russia agreed to the small increase, amounting to about a half percent of pre-pandemic global demand, during an online meeting Thursday, these people said.

Read more at the WSJ


Pandemic Spurs drug, Alcohol Use at Work

The pandemic is accelerating alcohol and drug addiction with one-third of employees since March admitting to using drugs or alcohol while working, according to alcohol.org, and over 40 states report increased death rates because of opioid abuse. American Addiction Centers says addiction costs employers $740 billion each year in health care expenses and lost productivity, and Standard Insurance Company’s Dan Jolivet offers advice on how employers can spot and help workers who might be struggling.

Read the full story at Employee Benefit News


Children’s Museum Partners with NASA To Develop “Pop-up” Museum 

The Mid Hudson Children’s Museum recently purchased a van and is partnering with NASA to create a new mobile “pop up” museum to bring STEM and space science programming into communities throughout the Hudson Valley.  This new “Space Science at Your Doorstep” initiative is made possible with the support of local businesses. 

Learn more about MHCM’s Corporate Sponsorship opportunities.


 

Daily Briefing – 203

Post: Dec. 2, 2020

New York’s Contact Tracing Data: 70 Percent of New COVID-19 Cases Occur From Households and Small Gatherings

Governor today announced the release of a new PSA highlighting the dangers of COVID-19 “living room spread.” New York’s latest contact tracing data shows 70 percent of new COVID-19 cases originate from households and small gatherings. As the number of new cases continues to grow nationwide, the PSA encourages New Yorkers to avoid gatherings to keep themselves and their loved ones safe.

View the PSA


COVID and Cluster Update 

Governor Cuomo held a press briefing call yesterday morning providing an overview of New York’s COVID-19 tracking data from Tuesday, December 1st. 

Tracking data for the Clusters and the rest of the State are below. 

  • Clusters: 5.88%
  • Rockland yellow zone: 4.83%
  • Westchester yellow-zones (Peekskill  9.57, Ossining 9.87, Tarrytown 4.72, Yonkers 5.05 New Rochelle 6.33, Port Chester 8.59)
  • Orange Yellow Zones – (Newburgh 7.49, Middletown 6.03)
  • Statewide: 4.63%
  • Mid-Hudson Region: 4.94%
  • Statewide excluding clusters: 4.21%
  • Statewide hospitalizations: 3,924 (742 in ICU) 
  • Transmission Rate (R0): 1.11

Here are some useful websites:


State to Receive Initial Delivery of COVID-19 Vaccine Doses for 170,000 New Yorkers

New York State will receive an initial delivery of enough COVID-19 vaccine doses for 170,000 New Yorkers. If all safety and efficacy approvals are granted by the federal government, the state expects to receive the vaccines—which were created by Pfizer—on December 15. New York State expects additional allocations of vaccines from Pfizer and Moderna later this month.

Read the press release


Pelosi and Schumer Back $900 Billion Coronavirus Stimulus Plan as Basis for Negotiations

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer on Wednesday urged Senate Majority Leader Mitch McConnell to use a $908 billion bipartisan stimulus plan as the basis for relief talks as Congress scrambles to send aid to Americans before the end of the year. In a joint statement, the Democratic leaders endorsed a more narrow aid approach than they have previously. The California and New York Democrats had insisted on legislation that costs at least $2.2 trillion.

Senate Majority Leader Mitch McConnell shot down the bipartisan plan after its release Tuesday. He has endorsed only about $500 billion in spending in a new package.

Read more at CNBC


Biden’s Economic Team Charts a New Course for Globalization – With Trumpian Undertones

Joe Biden’s economic team is taking shape with plans to remake the Trump administration’s approach to economic relations overseas, with a distinction: agreement with President Trump’s assertion that globalization has been hard on many Americans but differences on how to address it.  The distinction shows Mr. Trump likely will have a lasting impact on the direction of U.S. economic policy, even though the incoming administration is trying to alter important parts of it.

For Mr. Biden’s new economic team, the election represents a bid to address the failings of globalization in a more cooperative manner with the rest of the world than Mr. Trump. Mr. Biden has signaled he wants to push allies for help confronting China and press for more aggressive programs domestically to help Americans hurt by trade, and aides have signaled a skepticism about using tariffs as a weapon in trade confrontations.

Read more at the WSJ


Biden Says He Will Not Kill Phase 1 Trade Deal with China Immediately

In an interview with Times columnist Thomas Friedman that gave clues to how the new administration will proceed on foreign policy, Biden said his top priority was getting a generous stimulus package through Congress, even before he takes power.  

Biden said he would pursue policies targeting China’s “abusive practices,” such as “stealing intellectual property, dumping products, illegal subsidies to corporations” and forcing “tech transfers” from U.S. companies to Chinese counterparts. “I’m not going to make any immediate moves, and the same applies to the tariffs. I’m not going to prejudice my options,” President-elect Biden told Friedman.

Read more at Reuters


CDC Guidelines To Keep Employees Safe for a Happy Holiday Season

As we progress through the holiday season approaches and COVID-19 cases surge employers are concerned about the spread of COVID-19 in their workplaces. Most employees are suffering from fatigue, burnout, isolation, and loneliness from COVID-19 and will likely seek to reconnect with friends and family during the upcoming holiday season by attending gatherings, shopping, traveling, and other activities that increase the risk of exposure to COVID-19. The COVID-19 pandemic has been stressful and isolating for many people. Gatherings during the upcoming holidays can be an opportunity to reconnect with family and friends. This holiday season, consider how your holiday plans can be modified to reduce the spread of COVID-19 to keep your friends, families, and communities healthy and safe.

CDC offers the following considerations to slow the spread of COVID-19 during small gatherings. These considerations are meant to supplement—not replace—any state, local, territorial, or tribal health and safety laws, rules, and regulations with which all gatherings must comply.

Read the CDC recommendations and share them with your workforce


The Recovery of Low-Wage Jobs in Has Halted

A record 20 million Americans filed for unemployment benefits in April, when the jobless rate hit a peak of 14.7%. And yet, even as the virus has persisted, the economy has begun to show signs of life. The latest figures, for October, put the unemployment rate at 6.9%.
 
These numbers are encouraging, but headline statistics can paint an incomplete picture. Opportunity Insights, a research group at Harvard University, has recently published a database on how well America’s businesses and workers are faring, by region. Their data, aggregated from private providers, offer a much more granular look at the state of the economy. They reveal that not all Americans have benefited equally from the recovery.
 
Read more at the Economist

Cold, Hard Mission for a US Warehouse: Help Stop COVID

A warehouse in the US city of Baltimore may seem an unlikely place to help save the country from the Covid-19 pandemic, but Brian Gallizzo is prepared to do just that. “We are ready, we have our tanks full,” Gallizzo, chief financial officer for the six-decade-old family firm Capitol Carbonic, told AFP.

How his company will help is by keeping things cool — extremely cool. Capitol produces dry ice, a necessary component to distribute pharmaceutical giant Pfizer’s Covid-19 vaccine, which could receive government approval soon. Pfizer called Capitol because it was on the hunt for the quarter-inch pellets it spits out of a machine resembling a giant spaghetti maker in its Baltimore warehouse. The dry ice pellets are needed to keep Pfizer’s vaccine at just the right, very chilly, temperature.

Read more at IndustryWeek


DiNaploi: Statewide Job Losses Since February Still Above 1 Million

After losing more than 1.9 million jobs in March and April, New York State saw steady gains, averaging over 174,000 jobs in each of the following five months. That progress nearly halted in October, when statewide employment rose by less than 11,000. That brought the State’s job total to nearly 8.8 million, a cumulative increase of 881,000 since April—but, still, nearly 1.1 million below pre-pandemic levels in February.

From a regional perspective, New York City lost approximately 938,000 jobs in March and April, almost half the statewide total. As a percentage of February employment, however, the downstate suburban region took a sharper hit, experiencing a decline of more than 21 percent compared to 20 percent in the City and 18.1 percent in the rest of New York State. As of October, the downstate suburbs had recovered at a faster rate than the other two regions, recouping over 58 percent of lost jobs, as shown in the nearby chart. New York City saw only slight job gains in the month of October, while the rest of the State lost more than 14,000 jobs.

Read more and see some informative charts at the Controller’s website


NY Fed: The Regional Economy During the Pandemic

The New York-Northern New Jersey region experienced an unprecedented downturn earlier this year, one more severe than that of the nation, and the region is still struggling to make up the ground that was lost. That is the key takeaway at an economic press briefing held today by the New York Fed examining economic conditions during the pandemic in the Federal Reserve’s Second District. Despite the substantial recovery so far, business activity, consumer spending, and employment are all still well below pre-pandemic levels in much of the region, and fiscal pressures are mounting for state and local governments. Importantly, job losses among lower-wage workers and people of color have been particularly consequential. The pace of recovery was already slowing in the region before the most recent surge in coronavirus cases, and we are now seeing signs of renewed weakening as we enter the winter.

Read more at the NY Fed


 

 

Daily Briefing – 202

Post: Dec. 1, 2020

COVID and Cluster Update 

Governor Cuomo held a press briefing call yesterday morning providing an overview of New York’s COVID-19 tracking data from Monday, November 30th. 

Tracking data for the Clusters and the rest of the State are below. 

  • Clusters: 6.20%
  • Rockland yellow zone: 4.52%
  • Westchester yellow-zones (Peekskill  9.55, Ossining 10.03, Tarrytown 5.55, Yonkers 4.75 New Rochelle 6.51, Port Chester 8.54)
  • Orange Yellow Zones – (Newburgh 7.30, Middletown 5.28)
  • Statewide: 4.96%
  • Mid-Hudson Region: 4.72%
  • Statewide excluding clusters: 4.40%
  • Statewide hospitalizations: 3,774 (718 in ICU) 
  • Transmission Rate (R0): 1.11

Here are some useful websites:


Cuomo Announces Winter Plan to Combat COVID-19 Surge 

Governor Andrew M. Cuomo today announced New York’s plan for combating COVID-19 this winter. Over the past week, Governor Cuomo and the state’s COVID Task Force has worked in consultation with global public health experts, local governments and other stakeholders to ensure that the plan builds off the lessons learned during the past nine months to anticipate and prepare for an expected increase in COVID cases and hospitalizations over the Holiday season.

Specifically, the winter plan consists of five targeted strategies focused on mitigating the spread of the virus and bolstering New York State hospital preparedness including:

  • Continue and Strengthen New York’s Targeted Micro-Cluster Strategy while Managing Hospital Capacity to Enhance and Equalize Care;
  • Increase and Balance Testing Resources and Availability;
  • Keep Schools Open Safely;
  • Prevent Viral Spread from Small Gatherings; and
  • Operationalize an Equitable and Safe Vaccination Program

Read the Governor’s press release


Stimulus Update: What the Bipartisan Senators’ $900 Billion Package Does and Doesn’t Include

Yesterday a bipartisan group of senators unveiled a stimulus package in the $900 billion ballpark.

The bipartisan package proposed by senators including Republicans Susan Collins and Mitt Romney, and Democrats Joe Manchin and Mark Warner, would come in around $908 billion. That is well below the $2.2 trillion price tag sought by House Speaker Nancy Pelosi, while far greater than the $500 billion packages voted on this fall by Senate Republicans, though the specifics of the deal are subject to change.

See what details are known and read more at Fortune


Fed Chair Powell Calls Economic Outlook ‘Extraordinarily Uncertain’ – Stresses Importance of lending programs

Federal Reserve Chairman Jerome Powell emphasized the importance of the lending programs it has deployed during the coronavirus pandemic, telling senators in testimony delivered Tuesday that they’ve been integral in keeping the economic fallout from being worse.

Many of the key programs that the central bank has used since March are expiring at the end of the year, and the Fed will be forced to return the funding that supports them.

Read more at CNBC


OECD Lifts Economic Outlook Sees China Driving Global Recovery

The Organization for Economic Cooperation and Development (OECD) expects the global economy to build momentum over the coming two years, with real gross domestic product (GDP) growth projected to reach pre-pandemic levels by the end of 2021.  In its latest economic outlook, the OECD said it expects the global economy to contract 4.2% this year. That reflects an upward revision from an estimate made in September that pointed to a 4.5% fall in real GDP.  Looking ahead, the group said worldwide economic growth would average 4% over the next two years. It expects real GDP growth to hit 4.2% in 2021 — trimmed from a September forecast of 5% — and 3.7% in 2022

It said China was expected to account for over one-third of world economic growth in 2021, while the contribution of Europe and North America “will remain smaller than their weight in the world economy.”

Read more at CNBC


Joe Biden Fills Out His Economic Team

President-elect Joe Biden fleshed out his economic team. He confirmed his nomination of Janet Yellen, a former head of the Federal Reserve, as his treasury secretary. He wants Wally Adeyemo to be her deputy and Neera Tanden the director of the Office of Management and Budget. All are considered moderates. However, Mr Biden also selected several more-progressive economic advisers.

Mr. Biden’s selections include outspoken advocates for aggressive fiscal stimulus to help return the economy quickly to its pre-pandemic health, a cause that could run into resistance in a closely divided Congress. The advisers are also known for advocating expanded government spending they say would boost the economy’s long-term potential, in areas that are liberal priorities such as education, infrastructure and the green economy, and policy changes aimed at narrowing racial disparities in the economy.

Read more at the WSJ


ISM index falls to 57.5% in November from 59.3%

The Institute for Supply Management said its manufacturing index fell to 57.5% in November from a 21-month high of 59.3% in the prior month. Economists surveyed by MarketWatch had forecast the index to total 58%.

Although readings over 50% indicate growth, companies encountered more struggles in November with worker absenteeism, temporary plant closures, and an inability to fill open jobs. The index for new orders slipped to 65.1% from a 16-year high of 67.9% in October. The production gauge dipped to 60.8% from 63.0%. Employment was the biggest negative. The employment index fell back into negative territory, dropping to 48.4% from 53.2%.

Read more at MarketWatch


Lessons Learned: 2020, COVID-19 and the Future of Manufacturing

The totality of the changes 2020 required will be studied in textbooks for years. It was a unique high-stakes, high-speed innovation race, the likes of which the world has rarely experienced. Some of these changes will likely prove to be temporary, though others—particularly around the technological and automation implementations it included—have already begun to reshape the industry in permanent ways.

To help understand these changes, IndustryWeek pulled together an elite panel of manufacturing executives and experts for the closing keynote of the Manufacturing & Technology Virtual conference. The panel keynote, “The Future of Manufacturing,” takes a look back at the full 2020 experience and then ahead at the future it will create from a wide range of perspectives—from robotics and 3D printing to supply chain and smart manufacturing, and everything in between.


Johns Hopkins Report: 13 Million Cases

The US reported 12,999,624 cases on November 27, and it is likely that the US would have surpassed 13 million cases a day earlier, if not for delayed reporting over the Thanksgiving holiday.

It appears as though the national daily incidence may have passed an inflection point in mid-November. Prior to Thanksgiving, the daily incidence in a number of states—including Illinois, Iowa, North and South Dakota, and Wisconsin, all of which exhibited very high incidence during the current surge—began to taper off. However, with the interruptions to COVID-19 reporting and the varying trends at the state level, it could be a little more difficult to anticipate daily incidence trends over the next week or so. Regardless of what the daily incidence trend looks like in the wake of Thanksgiving, COVID-19 mortality in the US will likely continue to increase due to consistent and sharp increases in daily incidence over the past several weeks.

Read more at Johns Hopkins Center For Health Security Situation Report


 

Daily Briefing – 201

Post:

COVID and Cluster Update 

Governor Cuomo held a press briefing yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Sunday, November 29th. The Governor reminded New Yorkers that Thanksgiving was not the end, but just the beginning of the dangerous Holiday Season “You are not just going into the Thanksgiving weekend, you’re starting a 37-day holiday period. It’s not a one- or two-day affair—it’s going to be the entire holiday season. New Yorkers need to stay vigilant, wash their hands, wear masks, socially distance and follow the rules as we move through the next 37 days and beyond.” He said. 

Tracking data for the Clusters and the rest of the State are below. 

  • Clusters: 6.22%
  • Rockland yellow zone: 4.23%
  • Westchester yellow-zones (Peekskill  8.43, Ossining 10.65, Tarrytown 6.38, Yonkers 5.03 New Rochelle 6.19, Port Chester 7.91)
  • Orange Yellow Zones – (Newburgh 7.66, Middletown 4.78)
  • Statewide: 4.57%
  • Statewide excluding clusters: 4.02%
  • Statewide hospitalizations: 3,532 (681 in ICU) 
  • Transmission Rate (R0): 1.11

Here are some useful websites:


China’s Factory Activity Expands at Fastest Pace in More Than Three Years

Upbeat data released on Monday suggests the world’s second-largest economy is on track to become the first to completely shake off the drag from widespread industry shutdowns, with recent production data showing manufacturing now at pre-pandemic levels.

China’s official manufacturing Purchasing Manager’s Index (PMI) rose to 52.1 in November from 51.4 in October, data from the National Bureau of Statistics showed. It was the highest PMI reading since September 2017 and remained above the 50-point mark that separates growth from contraction on a monthly basis. It was also higher than the 51.5 median forecast in a Reuters poll of analysts.

Read more at Reuters


OPEC Faces Seismic Demand Split as Cartel Plots Next Move

As the coronavirus pandemic continues to weigh on global oil demand, the OPEC oil producers’ club on Monday began a meeting in which they are expected to decide on an extension of production cuts.

The common goal of the 13 member states, who will be joined by Russia and other allies forming the OPEC+ grouping on Tuesday, is to keep afloat a crude market devastated by the Covid-19 pandemic and which is slowly recovering from the depths into which prices plunged at the end of April. However, most observers expect the cut instead to be extended by three to six months to take into account the ongoing effects of the virus.

Read more at Bloomberg


Moderna Says New Data Shows Covid Vaccine is More Than 94% Effective, Asks FDA for Emergency Clearance

Moderna Monday requested emergency clearance from the Food and Drug Administration for its coronavirus vaccine after new data confirms the vaccine is more than 94% effective in preventing Covid-19 and was safe. The new analysis from Moderna evaluated 196 confirmed Covid infections among the late-stage trial’s 30,000 participants. The company said 185 cases of Covid were observed in the placebo group versus 11 cases observed in the group that received its vaccine. That resulted in an estimated vaccine efficacy of 94.1%, the company said.

Moderna hopes to provide the U.S. government with 20 million doses by the end of the year, and Pfizer says it should have 50 million doses to split between the United States and other countries that made advanced purchase agreements.

Read more at CNBC


How COVID-19 Forced Companies to Reinvent Themselves

Long-term plans for technology, localized supply chains and the ability to quickly pivot production have helped companies such as furniture maker Ethan Allen and pizza maker Domino’s survive the pandemic, write Jennifer Pellet and Dale Buss. “If our focus was three to five years, like most companies, we would do like everyone else and go after higher margins by buying products made in East Asia,” says Ethan Allen CEO Farooq Kathwari.


The Empire Center’s E.J. McMahon on What Democrat Supermajorities in Albany Might Mean To the State’s Fiscal Situation and Economy

When most of the state’s record 1.9 million mail-in ballots were finally counted this week, it became clear that the New York State Senate’s existing 40-member Democratic majority would grow by at least two seats—giving them their first-ever two-thirds supermajority of the 63-member chamber, enough to override gubernatorial vetoes.

“Economic reality doesn’t factor into the rising Albany worldview. On average, the state’s incoming class of legislators are more inclined to tax, spend, and regulate—and far from hesitating to impose more restrictions on a shaky economy, they see the pandemic-driven crisis as an opportunity to be exploited.”

Read more at the Manhattan Institute’s City Journal


GM Revises Nikola Deal, Won’t Build Electric Pickup

General Motors has agreed to a new deal with Nikola under which GM will build the fuel-cell system for Nikola’s Class 7 and 8 semi-trucks. The revision means GM won’t take an equity stake or manufacture Nikola’s planned electric pickup.

In September, the companies announced a deal under which GM would supply batteries, a chassis architecture, fuel cell systems and a factory to build Nikola’s proposed Badger electric pickup in return for an 11% stake and $700 million. But the deal came into question after a short seller criticised Nikola as a fraud, something Nikola has denied.

Read the full story at Reuters


Study: Covid Infections in England Fall By 30% After Lockdown

Coronavirus infections in England have fallen by about a third over lockdown, according to a major study. Some of the worst-hit areas saw the biggest improvements – but, despite this progress, cases remained relatively high across England.

Health Secretary Matt Hancock said the data showed the country could not “take our foot off the pedal just yet”.  The findings by Imperial College London were based on swabbing more than 100,000 people between 13-24 November.

Read more at the BBC


New York Federal Reserve President John Williams More Optimistic About Economic Recovery

In an interview carried live on the Wall Street Journal’s website, President Williams said the lending facilities stood up earlier this year were effective and that “if we did see a need to use those kinds of facilities again, we could restart them if that was appropriate.” In separate remarks before the Society for Advancing Business Editing and Writing, Williams said he is more optimistic about the economic recovery given positive developments, including a stronger than expected rebound, and developments regarding COVID-19 vaccines. But he noted that the labor force is still down millions of jobs since COVID-19 pandemic first hit and emphasized that Fed’s commitment to help the economy get back to “full strength.”

Watch the Q&A at the WSJ


Two Surveys for New York State Manufacturers From FuzeHub: PPE, and Reshoring & Supply Chain

The New York Manufacturing Extension Partnership (NYMEP) is helping manufacturers statewide to access Personal Protective Equipment (PPE) in response to COVID-19. Grants are available for NYS manufacturers of PPE. Please take this brief survey.

Learn more and take the survey

We continue to listen to New York State Manufacturers on how their Supply Chains have been affected by Covid-19 and Tariffs. We NEED to hear from you! Was your supply chain disrupted by Covid-19? | Are your imported goods falling short on deliver or quality? | Do you want to develop a strategy to better sell to domestic clients? | Have you been impacted by Tariffs? | Were you unaware of the Risks to your supply chain? If YES to any of those, please take part in our Supply Chain Program Survey.

Learn more and take the Survey


 

Daily Briefing – 200

Post: Nov. 29, 2020

Be Extra Diligent in the Workplace This Week to Prevent Post Thanksgiving Spread

We encourage you to be mindful and extra diligent this week as employees return to the workplace following the Thanksgiving holiday.  Masks, social distancing, hand washing and surface cleaning can help you keep your people safe and your factory running. 

COVID and Cluster Update 

Governor Cuomo held a press briefing yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Saturday, November 28th. 

Tracking data for the Clusters and the rest of the State are below. 

  • Clusters: 5.83%
  • Rockland yellow zone: 3.94%
  • Westchester yellow-zones (Peekskill  7.23, Ossining 9.96, Tarrytown 7.85, Yonkers 4.84 New Rochelle 5.44, Port Chester 7.21)
  • Orange Yellow Zones – (Newburgh 8.57, Middletown 3.81)
  • Statewide: 4.27%
  • Statewide excluding clusters: 3.75%
  • Statewide hospitalizations: 3372 (667 in ICU) 
  • Transmission Rate (R0): 1.09

Here are some useful websites:

New York’s Cluster Zones: BSKs Updated Frequently Asked Questions (11/25)

There have been significant changes to New York’s cluster action initiative. On November 23rd Governor Cuomo updated the already-existing cluster zones and added new cluster zones in Long Island, New York City, as well as in Monroe and Onondaga Counties. Below, BSK Attorneys discuss frequently asked questions about the clusters and updated maps for the cluster zones.

See the Updated FAQs and Maps at BSK


America Will be the First Country to Roll Out a Covid-19 Vaccine – Here’s How the Federal Government and States Plan To Do It

From the Economist  – Organizing America’s supplies of covid-19 vaccines is the task of Operation Warp Speed, a program set up by the current administration in May. It pre-purchased 100m doses of both Pfizer’s and Moderna’s vaccines this summer, and large quantities have already been made. Each firm expects to have about 20m doses ready to distribute in America by the end of this year. This amount is roughly what would be needed to inoculate all America’s health-care workers, who are a priority group for the first vaccine supplies.

Next will come groups particularly vulnerable to the disease, including essential workers at high risk of infection (such as police officers, teachers and bus drivers), care-home residents, people with high-risk medical conditions and those over 65. The order of priority between these groups, which are suggested by the CDC and other national health agencies, may vary somewhat from state to state. The current plan is that vaccine supplies, as they become available, will be divvied up among states and six big metropolitan areas proportionately to their population. Each state will decide how to distribute them. At the current pace of vaccine production, widespread vaccination of the elderly is not on the cards until February.

Read more at the Economist (COVOD Coverage remains free)


CDC Finalizing Recommendation to Shorten Covid-19 Quarantines

The U.S. Centers for Disease Control and Prevention may soon shorten the length of time it recommends that a person self-quarantine after potential exposure to the coronavirus, hoping that such a step will encourage more people to comply, a top agency official said.

CDC officials are finalizing recommendations for a new quarantine period that would likely be between seven and 10 days and include a test to ensure a person is negative for Covid-19, said Henry Walke, the agency’s incident manager for Covid-19 response. Agency officials are discussing the exact time period and what type of test a person would be given to exit quarantine, he said.

Read more at the WSJ


Weekly Jobless Claims Higher Than Expected, Continuing Claims Fall

Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones and up from 742,000 the previous week, the Labor Department reported Wednesday.  Continuing claims for those collecting benefits for at least two weeks maintained their decline, falling to 6.07 million, a drop of 299,000.

The news comes amid an ongoing rise in coronavirus cases and worries that the national health system is becoming stressed. New daily cases have averaged 174,225 over the past week, and health officials worry that Thanksgiving could send that level higher as families across the country travel to celebrate the holiday.

Read more at CNBC


Holiday Sales to Grow Between 3.6%- 5.2% Says Industry Group

Continued consumer resilience is helping retail sales rebound, the National Retail Federation said on Nov. 23. This caused the industry group to forecast that holiday sales during November and December will increase between 3.6% and 5.2% over 2019 to a total between $755.3 billion and $766.7 billion.

The numbers compare with a 4% increase to $729.1 billion last year and an average holiday sales increase of 3.5% over the past five years.

Read more at Material Handling & Logistics


Consumer Spending Up a Slight 0.5% as Virus Maintains Grip

U.S. consumers increased their spending by a sluggish 0.5% last month, the weakest rise since April, when the pandemic first erupted, and a sign that Americans remain wary with the virus resurging across the country and threatening the economy.

The October gain reported Wednesday by the Commerce Department followed a seasonally adjusted 1.2% increase in September. It suggested that consumer spending, the primary driver of the U.S. economy, is being restrained by a weakened economy and by the failure of Congress to provide another stimulus package to struggling individuals and businesses.  The government’s report also showed that income, which provides the fuel for spending, fell 0.7% in October.

Read more from the AP


United Begins Flying Pfizer’s Covid-19 Vaccine

United Airlines Holdings Inc. UAL -0.74% on Friday began operating charter flights to position doses of Pfizer Inc.’s PFE 1.92% Covid-19 vaccine for quick distribution if the shots are approved by regulators, according to people familiar with the matter.

The initial flights are one link in a global supply chain being assembled to tackle the logistical challenge of distributing Covid-19 vaccines. Pfizer has been laying the groundwork to move quickly if it gets approval from the Food and Drug Administration and other regulators world-wide.

Read more at the WSJ


Bipartisan Policy Center Survey: Women Leaving the Workforce at Unprecedented Rates

A new survey conducted by Morning Consult for the Bipartisan Policy Center finds that nearly one quarter of the women who have left work since the coronavirus pandemic began did so to manage their caregiving responsibilities.

The September monthly jobs report from the Bureau of Labor and Statistics found that, among people over 20, four times more women than men left employment. Specifically, 865,000 women dropped out of the U.S. workforce, while 216,000 men did the same.

Read more at the Bipartisan Resource Center


What Exit Polls Say About Georgia’s Senate Runoffs

It’s hard to predict how many will vote — and by what means — in January, but the U.S. Elections Project says nearly 825,000 people had so far requested mail-in ballots by Wednesday morning. Georgians have until January 1 to send their requests, although the U.S. Postal Service recommends sending requests as early as possible. Voters can register for the runoff until December 7, and early voting will take place beginning December 14.

Most Georgians have likely already made their decisions about who’s getting their vote. No voter who spoke with CBS News planned to switch votes in the January contests. A week before the November election, CBS News polling showed just 4% of likely voters were undecided in the Perdue-Ossoff race. Perdue led with 49.7% to Ossoff’s 47.9%, falling just 0.3% short of outright victory. Libertarian Shane Hazel was eliminated with 2.3% of the vote. 

Read more at CBS News


 

Daily Briefing – 199

Post: Nov. 24, 2020

Happy Thanksgiving

The Daily Briefing will be taking a few days for the Thanksgiving holiday returning Monday, November 30th.  We wish all of our readers a happy and safe Thanksgiving.

COVID and Cluster Update 

Governor Cuomo held a press briefing yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Monday, November 23rd. The Governor also acknowledged the passing of former Mayor David Dinkins, Criticized the NRC’s approval of the sale of Indian Point, and announced plans to distribute Thanksgiving meals to those in need across the State. 

Tracking data for the Clusters and the rest of the State are below. 

  • Clusters: 4.13%
  • Rockland yellow zone: 3.15%
  • Westchester yellow-zones (Peekskill  6.47, Ossining 10.51, Tarrytown 7.47, Yonkers 4.35 New Rochelle 4.99, Port Chester 7.71)
  • Orange Yellow Zones – (Newburgh 8.82, Middletown 3.65)
  • Statewide: 2.96%
  • Statewide excluding clusters: 2.62%
  • Statewide hospitalizations: 2856 (559 in ICU) 
  • Transmission Rate (R0): 1.13

Here are some useful websites:


New York Democrats Declare Supermajority in State Senate

Preliminary election results on November 4 showed New York state Senate Democrats trailing behind in numerous key races.  However, absentee ballots have weighed heavily in Democrats’ favor this year, helping them to slowly gain ground across the state when results were finally tallied.

On Monday, state Senate Democrats triumphantly declared that they will be walking into Senate chambers next year with a supermajority for the first time in history. Democrats will now have the ability to override any vetoes that Governor Andrew Cuomo issues and be in charge of redrawing district lines.

Read more at Spectrum News


Hudson Valley Unemployment Figures

The NYS Department of Labor reported that the October 2020 unemployment rate for the Hudson Valley Region is 6.5 percent.  That is up from 6.4 percent in September 2020 and up from 3.6 percent in October 2019.  In October 2020, there were 71,900 unemployed in the region, up from 71,200 in September 2020 and up from 41,800 in October 2019. 

Year-over-year in October 2020, labor force decreased by 48,200 or 4.2 percent, to 1,099,600.

Labor Market Profile (Hudson Valley) OCT 2020


What a Treasury Secretary Janet Yellen Would Mean – Dow Closes Above 30,000 on News of Her Selection

Former Federal Reserve Chair Janet Yellen will face an enormous challenge if she is confirmed by the Senate to serve as Treasury Secretary: pulling the U.S. out of the deepest recession since the Great Depression.

With COVID-19 cases rising and a vaccine still months away, markets appear to be focused on what a Treasury Secretary Yellen would mean for a prospective stimulus deal. On the day after the Wall Street Journal initially reported that President-elect Joe Biden picked Yellen for the job, the Dow Jones Industrial Average (^DJI) climbed to break 30,000 for the first time.

Read more at Yahoo Finance


General Motors Drops Objections to California Fuel Standards

In a letter to the leaders of various environmental groups sent November 24, CEO Mary Barra announced that General Motors  Co. was switching sides in the struggle to define U.S. auto efficiency standards. The letter said GM would remove its support for the EPA’s rollback on efficiency limits and commit to “an all-electric, zero emission future.”

According to the Detroit Free Press, President-elect Biden spoke with Barra and UAW President Rory Gamble last week about his “Build Back Better” plan, which involves plans to expand vehicle electrification, install new charging stations, and support EV manufacturers.

Read more at the Detroit Free Press


Operation Warp Speed Refines Vaccine Delivery Plan

Charged with developing and delivering a vaccine to 300 million Americans, Operation Warp Speed paired military planners with experts at the Centers for Disease Control and Prevention to work the details of a monumental plan. At the core of the distribution plan are the basic tenets of visibility, coverage, uptake and traceability, Ostrowski explained. Visibility of the vaccine is essential, particularly since the number of doses up front will be limited. 

Read more at DOD


COVID-19 Travel Health Notice Levels and Testing for International Travelers

On November 21, CDC revised the Travel Health Notice system for COVID-19 and released new recommendations for testing before and after international air travel to help the public make informed decisions for safer, healthier, and more responsible travel during the COVID-19 pandemic.

For most diseases, the Travel Health Notices have 3 levels. This new 4-level travel health notice system is specific to COVID-19 and details the level of COVID-19 in international destinations and U.S. territories. The COVID-19 Travel Health Notices now indicate low, moderate, high, and very high levels of COVID-19 for each destination and are based primarily on incidence rate (or new case counts in destinations with populations of 200,000 or less) and trajectory of new cases (whether new cases over the past 28 days are increasing, decreasing, or stable). CDC has and will continue to review data daily to ensure travelers have the most up-to-date information to inform their decisions.

Read more at CDC.gov


EU to Clear 737 MAX to Fly in January

The European Union Aviation Safety Agency (EASA) will lift its grounding order on Boeing’s 737 MAX aircraft in January 2021, the panel’s executive director has confirmed. Such a decision, which would parallel one delivered by the Federal Aviation Administration on November 18, will allow Boeing to resume deliveries of the narrow-body jets to EU customers, and allow those carriers to proceed with updating their current 737 MAX fleets and complete pilot training for the revised flight-control system.

EASA will issue a directive soon proposing how the grounding order will be lifted, to be followed by a 30-day comment period. FAA took the same approach in October, leading to the clearance earlier this month.  

Read more at American Machinist


GE Plans More Job Cuts in Aviation Division

In an internal video message delivered a week before the Thanksgiving holiday, new GE Aviation boss John Slattery said business conditions are difficult and the unit would need to shrink over the next 18 months, according to people familiar with the matter.

More jobs would be lost, he said, but the cuts would be more focused than two rounds of layoffs earlier this year that ultimately eliminated 25% of the division’s 52,000 global employees. Mr. Slattery didn’t disclose the number of jobs that would be cut in the video, which was reviewed by The Wall Street Journal.

Read more at the WSJ


Nuclear Regulatory Commission Approves Indian Point Sale to Holtec

Holtec International’s purchase of the Indian Point nuclear power plant was approved by the Nuclear Regulatory Commission Monday over the objections of state and federal officials. The five-member commission signed off on an NRC staff recommendation from last week, which gave Indian Point’s owner, Entergy, permission to transfer its license to Holtec when the plant shuts down next year.

The commission did, however, agree to “rescind, modify, or condition the transfer” after it decides whether to grant the state of New York and the Hudson River environmental group Riverkeeper a hearing to air their concerns with the sale.

Read more at LoHud


 

Daily Briefing – 198

Post: Nov. 23, 2020

COVID and Cluster Update 

Governor Cuomo held a press briefing yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Sunday, November 22nd. 

Tracking data for the Clusters and the rest of the State are below. 

  • Clusters: 4.48%
  • Rockland Red zone: 3.39%
  • Westchester yellow-zones (Peekskill  7.29, Ossining 10.11, Tarrytown 8.80, Yonkers 4.38 New Rochelle 5.20, Port Chester 7.94)
  • Orange Yellow Zones – (Newburgh 8.68, Middletown 3.84)
  • Statewide: 3.08%
  • Statewide excluding clusters: 2.73%
  • Statewide hospitalizations: 2724 (545 in ICU) 
  • Transmission Rate (R0): 1.13

Here are some useful websites:


Bond Schoeneck & King’s FAQs about New York’s Cluster Zones

There have been significant changes to New York’s cluster action initiative. Gov. Andrew Cuomo has updated the already-existing cluster zones and added new cluster zones in the Bronx, Queens and the Hudson Valley, as well as in Erie and Niagara Counties. Below, we discuss frequently asked questions about the clusters and updated maps for the cluster zones.

In this post, BSK attorneys discuss frequently asked questions about the clusters and updated maps for the cluster zones

Read more at BSK


Manufacturing Economy Report – Housing Surges Plus Mfg Jobs, Output and Capacity

Manufacturing production increased 1.0% in October, strengthening after edging up just 0.1% in September and rising for the sixth straight month. Manufacturing capacity utilization rose from 71.0% in September to 71.7% in October. This represents tremendous progress from the spring, but down from 75.2% in February. Total industrial production also rebounded in October, up 1.1% for the month, boosted by strength in manufacturing and utilities, but down 5.3% year-over-year.

Surveys from the Kansas City, New York and Philadelphia Federal Reserve Banks each found continuing expansions in November in their districts, albeit with some slowing. Respondents remained upbeat in their outlook. In the Kansas City release, more than 50% had issues finding talent.

Monday Economic Report 2020-1123


US Economy Hurtles Toward ‘COVID Cliff’ With Programs Set to Expire

March’s CARES Act set up myriad programs to give people economic relief in the earliest days of the COVID-19 pandemic, many of which are set to expire on Dec. 31. Unless a divided Congress can reach a deal to extend the programs, the country’s economic suffering could skyrocket. “It’s a lot of risk to be putting on the economy at a time when so many other pressures are already underway,” said Shai Akabas, director of economic policy at the Bipartisan Policy Center.

House Speaker Nancy Pelosi (D-Calif.), who is pushing for a $2.2 trillion package, and Senate Majority Leader Mitch McConnell (R-Ky.), who endorses a more limited $500 billion approach, have yet to hold a meeting on the subject. Their staffs have not discussed the matter either.

Read more at The Hill


GSA  Begins Transition Process 

A federal agency said the Trump administration would provide President-elect Joe Biden resources to transition to the White House, ending a delay that had come under increasing criticism from members of both parties. The decision by the GSA comes as Michigan on Monday certified the results of the election and legal setbacks piled up for Mr. Trump and his allies. No evidence of significant voter fraud has been produced, and Republican allies in Congress had signaled growing impatience with Mr. Trump and his team.

Read more at the WSJ


Biden Names Some Cabinet Members

The week of Thanksgiving, Biden named key nominees for his foreign policy and national security teams, including Avril Haines as director of national intelligence. Haines would be the first woman to serve in the role if confirmed. Alejandro Mayorkas, nominee for homeland security secretary, would be the first Latino and immigrant in that position.

Biden also tapped former Secretary of State John Kerry for a new White House position as special presidential envoy for climate. Kerry will serve on the National Security Council.

Read more at NPR


Economists Are Calling for More Stimulus. Here’s Where Assistance Plans Stand

For Americans who have had a tough year financially amid Covid-19, a second set of $1,200 stimulus checks would provide some much welcome relief.  But lawmakers on Capitol Hill still need to work out their differences before they can approve another coronavirus stimulus package that will trigger those payments.

Now, a group of more than 125 economists including Jason Furman, a former top economic advisor to President Barack Obama, is calling for more direct cash payments to American families to help them weather the economic effects of the Covid-19 pandemic. The initiative was organized by the Economic Security Project, an advocate of guaranteed income.

Read more at CNBC


IHS Markit: U.S. Manufacturing, Services Activity Expanding Rapidly in November

U.S. business activity expanded at the fastest rate in more than five years in November led by the quickest pickup in manufacturing since September 2014, a survey showed on Monday in an indication the economy keeps making progress at clambering out of the COVID-19 recession even as infections surge.

Markit’s manufacturing index climbed to 56.7 from 53.4 in October, above the median forecast in a Reuters economists’ poll of 53. A reading above 50 indicates expansion.

Read more at Reuters


AstraZeneca COVID-19 Vaccine Shown to be Effective and Cheaper

Drug maker AstraZeneca said Monday that late-stage trials showed its COVID-19 vaccine is highly effective, buoying the prospects of a relatively cheap, easy-to-store product that may become the vaccine of choice for the developing world.  The results are based on an interim analysis of trials in the U.K. and Brazil of a vaccine developed by Oxford University and manufactured by AstraZeneca. No hospitalizations or severe cases of COVID-19 were reported in those receiving the vaccine.

AstraZeneca is the third major drug company to report late-stage data for a potential COVID-19 vaccine. But unlike the others, the Oxford-AstraZeneca vaccine doesn’t have to be stored at freezer temperatures, making it potentially easier to distribute, especially in developing countries.

Read more at the AP


US Approves Regeneron Antibody Treatment

A Covid-19 antibody therapy used to treat President Donald Trump was approved by the US drug regulator on Saturday for people who aren’t yet hospitalized by the disease but are at high risk.

The green light for drug maker Regeneron came after REGEN-COV2, a combination of two lab-made antibodies, was shown to reduce Covid-19-related hospitalizations or emergency room visits in patients with underlying conditions.

Read more at IndustryWeek


Tumbling Community-College Enrollment Highlights Pandemic’s Broad Impact

Enrollment tumbled this fall at community colleges around the country, flipping a longstanding trend in which people flock to school when the economy weakens and raising concerns about the colleges’ financial outlook. Overall enrollment at public two-year colleges fell 9.5% in the fall term, according to the National Student Clearinghouse Research Center. Enrollment by first-year students plummeted 18.9%, indicating that some people who weren’t yet on the path to a degree are sidestepping it entirely right now.

One factor in the widespread decline is that out-of-work adults don’t know what skills to be pursuing for when the economy does rebound.

Read more at the WSJ


Many Employers Avoid Coronavirus Tests Over Cost, Not Availability

A survey by Arizona State University and the World Economic Forum, with funding from the Rockefeller Foundation, has found that companies most frequently cited cost and complexity as the biggest deterrents to testing their workers.

The findings, based on responses from 1,141 facilities at over 1,100 companies worldwide from September through late October, are consistent with earlier reports suggesting that many employers have been able to obtain testing relatively quickly if they absorb the expense. In many cases, however, employers have indicated that they feel the benefits do not outweigh the costs. Over all, 17 percent of the facilities surveyed worldwide said they were testing workers. At least half of those facilities were doing so even for workers without symptoms, and roughly half were testing workers at least once a week.

Read more at the New York Times


 

Daily Briefing -197

Post: Nov. 22, 2020

COVID and Cluster Update 

Governor Cuomo held a press briefing yesterday afternoon providing an overview of New York’s COVID-19 tracking data from Saturday, November 21st and reminding New Yorkers that as Thanksgiving and the holidays approach, “we must wash our hands, wear our masks and avoid gatherings to keep the infection rate down.” 

Tracking data for the Clusters and the rest of the State are below. 

  • Clusters: 4.39%
  • Rockland Red zone: 3.39%
  • Westchester yellow-zones (Peekskill  7.15, Ossining 10.22, Tarrytown 8.27, Yonkers 4.11 New Rochelle 5.68, Port Chester 7.59)
  • Orange Yellow Zones – (Newburgh 7.89, Middletown 5.41)
  • Statewide: 2.74%
  • Statewide excluding clusters: 2.29%
  • Statewide hospitalizations: 2562 (502 in ICU) 
  • Transmission Rate (R0): 1.25

Here are some useful websites:


Pfizer, BioNTech Submit Formal Application to FDA to Authorize Covid-19 Vaccine

The drug maker Pfizer and its German partner BioNTech applied on Friday to the Food and Drug Administration for an emergency use authorization for their Covid-19 vaccine, a watershed moment in the effort to curb the global pandemic.

Hours later, the FDA announced that a panel of outside experts, the Vaccines and Related Biological Products Advisory Committee or VRBPAC, will meet Dec. 10 to review the data and advise the agency on whether to approve the emergency use request and what conditions, if any, to put on the vaccine’s use.  It is widely expected that the FDA will then issue an emergency use authorization for the two-dose vaccine, which has been shown to be highly effective in preventing Covid infections. Officials have said they hope to begin vaccination of health workers — who will be at the front of the line for the limited first doses — in some locations within days of the authorization.  It it unlikely to be authorized for use in children under the age of 12, for instance, because it hasn’t yet been tested in pre-teens.

Read more at StatNews


SUNY Chancellor Says COVID-19 Under Control

SUNY Chancellor Jim Malatras said Friday afternoon, during a visit to the SUNY New Paltz campus, out of 140,000 students tested within the two weeks before the break, there were approximately 850 positive cases and a 0.5 percent positivity rate out of 510,000 tests conducted since mandatory testing began at the beginning of the semester.

According to both Malatras and SUNY New Paltz President Donald Christian, students have been extremely cooperative and responsible about testing. Upstate Medical School is currently one of 150 areas in the world being used in Pfizer’s vaccine clinical trials. Malatras said the majority of those volunteers are SUNY students.

Read more at Mid-Hudson News


DiNapoli: State Tax Revenues Down $3 Billion Through October

State tax revenues through October totaled $43.8 billion, $3 billion lower than the same period in the previous fiscal year, according to the monthly State Cash Report released Saturday by New York State Comptroller Thomas P. DiNapoli.  

DiNapoli noted that spending from State Operating Funds, which pays for the state’s day-to-day operations as well as certain local assistance, through the first seven months of the fiscal year was $49.9 billion, or $6.1 billion lower than a year earlier. This is due to several factors including an increase in federal Medicaid reimbursements and according to the state Division of the Budget (DOB), withholding of $2.6 billion, including $2.4 billion in local assistance payments, through September.  Total tax receipts in October of $4.3 billion were $432.9 million below DOB’s projection in its FY 2021 Mid-Year Update, issued Oct. 30, but $320.1 million higher than DOB’s projection in its First Quarter Update issued in August. 

Read more at the Controller’s website


Jobless Claims Pick Up Amid Labor Market Struggles

Jobless claims totaled 742,000 for the week, the Labor Department reported Thursday. That total also represented an acceleration from the previous week’s 709,000 and a continuation of the job market struggles since the coronavirus pandemic hit in early March.

The week-over-week increase was the first after four straight weeks of decline. Even with the increase for the most recent period, the four-week moving average, which smooths volatility in the numbers, decreased 13,750 to 742,00.

Read more at CNBC


Hudson Valley Employment Data

For the 12-month period ending October 2020, private sector job count in the Hudson Valley fell by 78,400, or 9.6 percent, to 742,500.  The October 2020 year-over-year job losses in our region continue to reflect the impact of the Covid-19 pandemic.  At 742,500, private sector job count has reached its lowest October level since 2010.  Meanwhile, the month-over month change – a gain of 13,800, reflects the reopening of the economy.  The historical average over-the-month change between September and October is a gain of 5,000.

Manufacturing employment stands at 39,500 (3,800 fewer than a year ago but 200 more than last month.

Labor Market Profile (Hudson Valley) OCT 2020


US Chamber: 7 Resources for PPP Loan Forgiveness Help (The 8th is the Council’s December 7 Webinar with JGS)

The federal government created the Paycheck Protection Program (PPP), part of the CARES Act, in March 2020 to provide businesses affected by COVID-19 with a lifeline. The PPP offered loans to companies that could be forgiven later if the right circumstances were met, including using the funds to maintain employee salaries and hire back workers.

While forgiveness was an attractive attribute for PPP loans, the actual process of obtaining forgiveness can be challenging for business owners. Forgiveness requires that businesses do many calculations, provide documentation, fill out forms and other time-consuming tasks.


Existing Home Sales Surge

According to the National Association of Realtors, existing home sales increased 4.3% in October over September, reaching a seasonally adjusted annual rate of 6.85 million. That benchmark represented the highest level since February of 2006.

Prices have also shown a significant increase due to low interest rates that have helped boost demand. According to the NAR, the median existing home price rose 15.5% from the prior year to a record $313,000.  The price increase also stems from a limited supply. The NAR recorded 1.42 million homes for sale at the end of October—a decrease of 2.7% from September and 19.8% from October 2019.

Read more at Reuters


New-Home Construction Surges 

U.S. builders started construction on homes at a seasonally-adjusted annual rate of 1.53 million in October, representing a 4.9% increase from the previous month’s figure, the U.S. Census Bureau reported Wednesday. Permitting for new homes occurred at a seasonally-adjusted annual rate of 1.545 million in October, unchanged from September.

Read more at MarketWatch


Lumber Prices Rise Again, Defying the Normal Seasonal Slowdown

Lumber prices are making an unusual late-season climb, thanks to builder-friendly autumn weather and suppliers stocking up for what they expect to be another big year for home construction.  Wood inventories are thin throughout the lumber supply chain, while demand from builders and home remodelers remains strong.

Lumber futures have shot up 24% so far in November, closing Thursday at $616.90 per thousand board feet. That’s a lot lower than the record $1,000 hit this summer during America’s pandemic-induced lumber binge. But it is nearly 90% more than the typical price for boards delivered in January.

Read more at the WSJ


IRS Issues Guidance Denying Tax Deductions for PPP Loans

Bond Schoeneck & King Attorney Raymond Reichert writes that the IRS has released guidance on the deductibility of payments for otherwise deductible expenses using funds from the Paycheck Protection Program (PPP). “The guidance, although not unexpected, is not taxpayer friendly.”

Revenue Ruling 2020-27 describes two situations. In situation 1, the taxpayer incurred eligible expenses for which a PPP loan was obtained. In November, the taxpayer applied for loan forgiveness under Section 1106 of the CARES Act. In situation 2, the taxpayer paid the same types of eligible expenses as those paid in situation 1. However, in situation 2, the taxpayer did not apply for forgiveness of the PPP loan before the end of 2020. However, in situation 2 the taxpayer intends to apply for forgiveness in 2021.

Read more at BSK