Tag Archives: caution

China Weighs Zero-Covid Exit but Proceeds With Caution and Without Timeline

SINGAPORE—Chinese leaders are considering steps toward reopening after nearly three years of tough pandemic restrictions but are proceeding slowly and have set no timeline, according to people familiar with the discussions.

Chinese officials have grown concerned about the costs of their zero-tolerance approach to smothering Covid outbreaks, which has resulted in lockdowns of cities and whole provinces, crushing business activity and confining hundreds of millions of people at home for weeks and sometimes months on end. But they are weighing those against the potential costs of reopening on public health and support for the Communist Party.

As a result, they are proceeding cautiously despite the deepening impact of the Covid policies, the people said, pointing to a long path to anything approaching pre-pandemic levels of activity, with the timeline stretching to sometime near the end of next year.

The uncertainty around China’s Covid-19 strategy has led to a guessing game in the financial markets, with some looking for any sign that China would begin easing its Covid policies. China’s Communist Party congress last month, when Chinese leader

Xi Jinping

claimed a third term, had once been viewed as a potential turning point in its battle against Covid, but little has changed in the country’s approach to containing Covid.

China’s leaders are worried that a surge in Covid infections, hospital admissions and deaths could undermine confidence in the ruling Communist Party’s legitimacy.



Photo:

TINGSHU WANG/REUTERS

On Saturday, officials from China’s National Health Commission again reaffirmed their commitment to a firm “zero-Covid” strategy, which they described as essential to “protect people’s lives.”

Some progress is being made on relaxing border controls for inbound travelers from abroad. Beijing is likely to further cut the number of hotel quarantine days required of incoming travelers by early next year, to a total of seven days, say people involved in discussions, from a current policy of seven days in a quarantine facility followed by three days of home monitoring.

Domestically, officials have informed retail businesses that the frequency of PCR testing—a staple of China’s Covid regime—could be reduced as soon as this month, in part because of the high cost of mass testing, according to people familiar with the matter. The people said the government is planning to reduce the thousands of PCR testing stations that have been set up across the country as part of the campaign to institutionalize testing, citing the cost.

ECONOMIC IMPACT OF COVID IN CHINA AND CHINA’S ZERO-TOLERANCE APPROACH

Still, the leadership has found it difficult to enact broader relaxation measures this year, the people said. Many of the measures will remain. The country will still move aggressively to stamp out even small outbreaks, through mass testing and lockdowns. People will still need to use health codes on their phones to access public spaces, and travelers entering the country will face quarantines and rounds of Covid tests.

A combination of new viral variants, an underequipped public healthcare system and the impending approach of winter has left Beijing worried that a potential surge in Covid infections, hospital admissions and deaths could undermine confidence in the ruling Communist Party’s legitimacy.

Chinese health officials have been closely monitoring the fatality rates and public reactions in Hong Kong, Japan and South Korea, which share cultural roots with China and where governments had until recently imposed similar measures, the people said.

“The reopening in China will be carried out in an orderly manner. It will start gradually depending on the geographic areas and sectors, and it will be different from what we’ve seen in the West,” said one of the people involved in discussions. For example, the government could decide to implement less stringent measures in cities that are major business hubs.

Workers at the world’s biggest assembly site for Apple’s iPhones walked out as Foxconn has struggled to contain a Covid-19 outbreak. The chaos highlights the tension between Beijing’s rigid pandemic controls and the urge to keep production on track. Photo: Hangpai Xinyang/Associated Press

While some have questioned the accuracy of China’s official figures, health experts say the country’s Covid fatality rate has been much lower than in much of the West due to its strict measures. Officially, China has recorded roughly 5,000 Covid-19 deaths, a fraction of the U.S.’s more than 1 million deaths. China’s Communist Party has celebrated its lower official death count as evidence of the superiority of its governance model.

In recent months, Chinese officials have maintained close contact with the World Health Organization, focusing on the alert level that the Geneva-based body has assigned for the Covid-19 pandemic, according to people familiar with the matter.

The WHO’s emergency committee meets once every three months to assess whether the pandemic still constitutes a “public health emergency of international concern.”

A WHO shift in declaration would give China more wiggle room for policy changes. Beijing could start to push for more aggressive easing measures and adjust the domestic narrative on Covid, effectively declaring victory in containing the virus, according to people familiar with the matter.

The WHO first declared a public health emergency of international concern in January 2020, and decided during its latest meeting, held in October, that it is still too early to lift the status. The next meeting is slated for January.

A WHO official said the agency doesn’t comment on private discussions with member states.

One plan under consideration in Beijing, the people said, would be to begin treating Covid-19 as a “Class B” infectious disease following any change in the WHO’s designation. China has been treating it as a Class A disease, which calls for stricter public-health measures.

Even with such a move, it could take China a much longer time—perhaps a year, the people said—to return to pre-pandemic levels of activity. The government wants to continue to monitor new variants closely to ensure that they don’t become more dangerous, they said.

Any further loosening of measures would be contingent on a boost in the elderly vaccination rate. Beijing is planning to launch a vaccination campaign later this year for vulnerable groups, aiming for 95% of people aged 60 or above to receive two doses, some of the people said. The latest government data, from early November, shows 86% of the elderly population had received two vaccine doses, compared with 90% for the broader population.

Another condition for a full reopening of its economy is to boost access to oral antivirals to treat Covid, the people said. Earlier this year, China’s drug regulator granted approval for Azvudine, an HIV drug developed by Chinese drugmaker Henan Genuine Biotech Co., to be used for treating Covid. Drug regulators have also approved

Pfizer Inc.’s

Paxlovid drug.

Any further loosening of measures would be contingent on a boost in the elderly vaccination rate.



Photo:

CHINA DAILY/VIA REUTERS

The National Health Commission responded to a request for comment by referring to remarks made during its Saturday press conference.

There have been some signs of a shift in China’s posture on Covid in recent months. In September, Mr. Xi visited Central Asia, making his first trip outside the country since Covid began spreading in the central Chinese city of Wuhan in early 2020. The Chinese leader has also begun receiving foreign heads of state in Beijing and is expected to attend a summit of leaders from the Group of 20 nations in Indonesia next week.

Still, Beijing has been careful to rein in expectations of a rapid shift, including in the Saturday press conference. In a string of pointed commentaries last month, Communist Party mouthpiece the People’s Daily called for confidence and patience with Beijing’s zero-Covid strategy. Health officials have urged local governments to build quarantine hospitals to prepare for rebounding infections. Shanghai, for example, is building a quarantine facility that can house more than 3,000 people at a cost of just under $200 million, state media reported.

“All the signs are pointing to the beginning of preparation for an eventual reopening, especially given the rising cost of the ‘dynamic zero-Covid’ policy for the economy,”

Goldman Sachs

economists said in a Monday note. “The actual reopening is still months away as elderly vaccination rates remain low and case fatality rates appear high among those unvaccinated based on Hong Kong official data.”

 —Drew Hinshaw contributed to this article.

Write to Keith Zhai at keith.zhai@wsj.com

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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‘They’ve been an afterthought’: millions of elderly Americans still vulnerable as pandemic caution wanes | Coronavirus

It was Mother’s Day in May 2020, and an elderly woman lay dying in a Rhode Island nursing home. Her children couldn’t visit because of Covid, and as much as Adelina Ramos, her certified nursing assistant, longed to provide comfort from her bedside, she had to leave, even though she could see the woman was slipping away.

She had 25 other patients to care for that day.

It “really broke my heart,” Ramos said. “Families trust us to care for their loved ones. I can’t describe how painful it feels when we are forced to make those kinds of choices.”

She recounted the devastation wrought by the pandemic in a hearing on Wednesday before the House subcommittee on the coronavirus crisis.

Although Covid causes less panic now, particularly given the protection offered by updated vaccines and treatments, older Americans are still seeing their lives upended – and, tragically, ended entirely – by new outbreaks.

As the rest of the country seeks a new normal, millions of vulnerable Americans still remain at risk and in limbo. They’re now navigating a world ruptured by continued virus surges, shortages in the staff who care for them, and grief over more than a million people lost in two years.

Even so, the US Centers for Disease Control and Prevention (CDC) on Friday dropped its mask recommendations for hospitals and nursing homes, except during times of high transmission or while providers are caring for moderately and severely immune-compromised patients.

The move could make it even more difficult for those at risk, especially elderly people, to navigate health care settings and long-term care facilities safely.

Prioritizing older Americans during this time is “paramount”, said David Grabowski, a professor of health care policy at Harvard Medical School. “It’s the group overall during the pandemic that’s been hit the hardest, and yet in many ways … they’ve been an afterthought.”

People over the age of 50 account for more than 93% of Covid deaths in the US.

“We still are seeing hundreds of deaths a day, and they’re occurring disproportionately among older Americans,” said Theresa Andrasfay, a postdoctoral scholar of gerontology at the University of Southern California.

Coronavirus has dropped life expectancy rates for all Americans, but changes are greater among people of color. Photograph: Yuki Iwamura/Reuters

Life expectancy has dropped for all Americans, but changes are greater among communities of color, Andrasfay said. “The Native American population had by far the largest decline in life expectancy, followed by the Latino population and then the Black population.”

In February 2021, older Americans who caught Covid were 1,000 times more likely to die than teenagers, according to a McKinsey report that predicted the “arrival of safe, effective vaccines makes the pain of that isolation a time-bound problem”.

Yet for many, isolation and stress from the pandemic persist, especially as the protection offered by vaccines wanes without boosters and as new variants emerge.

Relatively high rates of vaccinations among older people helped mortality rates drop slightly in this age group from 2020 to 2021. But the Omicron variant, which is more transmissible and better at evading immunity, brought near-record surges in elderly mortality.

A total of 95% of Americans above the age of 65 have gotten at least one Covid shot. But from there, the coverage begins to drop precipitously. Among those who were fully vaccinated in this age group, 70.8% got their first boosters. But only 40% of that group went on to get second boosters.

That means a total of 14.9 million older Americans are up-to-date on vaccinations, compared with the 57.5 million who were willing to get the first shot. Booster rates are even lower among Americans aged 50 to 64.

This could have dire implications for their safety moving forward, even as remaining precautions disappear across the country.

In nursing homes, only 57% of residents and 43% of staff are up to date on their vaccines. Rates are lowest in Arizona, Florida, Nevada and Texas.

In nursing homes, 57% of residents and 43% of staff are up to date on their vaccines. Photograph: Yuki Iwamura/Reuters

Fewer than 1% of Americans live in long-term care facilities, yet about one-fifth of all deaths from Covid-19 are related to nursing homes, with more than 200,000 residents and workers dying from the coronavirus since the start of the pandemic.

“Residents, their families and their caregivers have long known that US nursing home care is broken, yet this issue has gone largely unnoticed in the broader population. Covid changed this,” Grabowski testified at the hearing.

The House coronavirus subcommittee outlined the “dire” conditions of for-profit nursing homes during the early months of the pandemic, revealing widespread neglect that led to health deterioration and death.

Nurses and nursing aides cared for as many as 38 patients during their shifts. In April 2020, when only one nurse was covering two entire floors at a facility in Nevada, one resident waited four hours for a sip of water and another resident who vomited on herself was not cleaned for at least two days, according to the House report.

Yet at least 32 states have passed legislation making it harder for residents or their families to sue long-term care facilities for such treatment.

Some of the worker shortages were because of Covid cases among staff, which could have been prevented in part with better precautions. But one nursing home worker alleged that the corporations wanted to save money by not hiring additional workers despite the need for them.

Long-term care facilities were plagued with staffing shortages and low morale before the pandemic started, and Covid sharply amplified the cracks in how America cares for its senior population.

“Nursing homes are already understaffed, under-resourced. So when you’re putting a profit motive on nursing homes to squeeze out a couple extra dollars from these communities, it’s going to compromise care,” said Ashwin Kotwal, assistant professor of geriatrics at the University of California, San Francisco, School of Medicine.


But it’s not only nursing home residents who have been affected by Covid – and damage from the pandemic wasn’t limited to the virus itself.

The pandemic also caused stress and loneliness, which affects both mental and physical health. In 2019, about 1.6 million adults above the age of 70 were homebound, but that number more than doubled to 4.2 million in 2020. Being homebound increases the risks of sickness and death.

Age was the greatest risk factor for severe outcomes from Covid, but loneliness compounded poor health, according to a Commonwealth Fund survey conducted between March and June 2021. Pandemic disruptions limited and delayed health care, and it amplified “considerable” social and economic challenges.

The pandemic caused stress and loneliness, affecting mental and physical health. Photograph: Eric Risberg/AP

“Compared to their counterparts in the other survey countries, older adults in the US have suffered the most economically from the Covid-19 pandemic, with more losing a job or using up all or most of their savings,” the report said. Economic hardships for older Americans were four to six times greater than in other countries surveyed, and they were more likely among Latino and Black adults than among white adults in the US.

Disruption and isolation are likely to continue for those who need to continue taking Covid precautions.

“What’s concerning going forward, as there’s more focus on individual responsibility, is that it makes it more difficult for people who are vulnerable, either because of underlying conditions or because of their age, to feel safe taking part in necessary activities,” Andrasfay said.

Those activities can include taking public transportation, medical visits, returning to work or seeing family and friends.

Weighing these risks is a fraught and exhausting process, Kotwal said.

“It can make even the most simple of social activities something that people really stress over and think about a lot. I’ve seen a lot of anxiety around how people make these decisions to do what are really normal activities, like going to grab coffee with their child or hanging out with their grandchildren.”

Keeping up-to-date on vaccines is an important part of protecting those most at risk, he said. “We can bring this into a place of community – being responsible, trying to protect others – rather than only looking at this from the individual safety lens.”

Vaccination clinics and vaccine mandates in health systems and long-term care facilities were “really effective,” Grabowski said. About 87% of residents and staff in nursing homes were vaccinated because of the clinics and mandates – but those requirements have not been updated to include boosters.

An expanded federal mandate for staff to receive booster doses would help, he said. And more vaccine clinics for facilities, as well as campaigns to reach homebound adults and others facing access problems, could also increase booster rates and protect older adults this winter.

“This is too important,” Grabowski said. “By all means, let’s make this as easy as possible.”

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Vets urge caution for dogs experiencing severe case of pneumonia :: WRAL.com

— There is a mysterious and severe case of pneumonia affecting dogs, and some veterinarians are already seeing it in Raleigh.

It’s impacting how vets are accepting new dogs for boarding.

Doctors are still trying to figure out what it is. At Care First Animal Hospital at Oberlin, they see 15-20 dogs per day with the infection.

With the Labor Day holiday weekend approaching, some boarding facilities are being careful.

Upper-respiratory diseases are common in shelters because dogs that come in aren’t usually vaccinated.

“Late spring [and] early summer, we did have a few severe cases, but that has calmed down,” said Wake County Animal Center animal services director Dr. Jennifer Federico. “So now, we’re not seeing that as much in our world.”

Federico said private practices are now the ones seeing this kind of infection more.

“This one seems pretty scary because of how sick the dogs are coming in,” said Care First Animal Hospital’s Dr. Page Wages.

Since May, Care First Animal Hospital has seen 450 dogs with pneumonia. In the last two or three weeks, they’ve seen about 20-50 dogs with a more severe case.

“The scary thing is the dogs with this pneumonia,” Wages said. “Some dogs are dying from it …

“It’s young dogs. It’s dogs [that are] a year or 2 years [old]. We have one right now that’s at a hospital that probably won’t survive. It’s really sad.”

An X-ray of a dog with pneumonia shows the animal’s lungs fully infected.

Dogs who are more active with other dogs are at a higher risk.

Symptoms include:

  • A runny nose
  • Cough
  • Diarrhea
  • Eye discharge

Wages said they’re being extra careful boarding dogs because the infection can spread easily.

“[If they are] coughing [and] sneezing, they cannot come in the kennel,” Wages said. “Just people that want to board their dogs that are sick, just please don’t board them here or any other place it’s just going share it to other dogs.”

Doctors encourage pet owners to keep their dogs away from other dogs for a couple of weeks until the infection dies down. Also, doctors recommend dogs stay up to date with their vaccines.

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Late caution changes fortunes for many drivers

LEBANON, Tenn. — Ryan Blaney said thank you. Martin Truex said sorry. Kyle Busch said “It’s going to be bad.”

A late caution sent some of the race’s best cars to pit road and out of a chance to win when others, including some that had struggled, stayed out and found themselves at the front for a four-lap shootout.  

The easiest decision was by eventual winner Chase Elliott and crew chief Alan Gustafson. Elliott led when the caution came out for Josh Bilicki’s blown engine with eight laps to go at Nashville Superspeedway. 

Kyle Busch was second, Denny Hamlin third, Truex fourth and Ross Chastain was fifth at the time.

Those four each pitted, although that was not the way it was supposed to go. 

Crew chief James Small said the plan was for Truex to stay out if he could restart on the front row. With Busch and Hamlin pitting, Truex would have restarted next to Elliott on the front row by staying out. Instead, he pitted.

Small said Truex apologized for pitting. Truex restarted 14th and finished 22nd. 

Busch had lost the lead to Elliott on the previous restart when Busch had the lane choice. After Elliott got by, Busch couldn’t get close to challenge. Often teams do the opposite of the leader. With Elliott staying out, Busch pitted. As for the exact reasoning, crew chief Ben Beshore declined comment after the race. 

Busch was the first car off pit road after changing only right-side tires. When he was told he was the only car that had changed two tires, he made his comment on the radio about how hard it was going to be. He was right. Busch restarted 12th and finished 21st.

Among those who did not peel off pit road was Kurt Busch. He was sixth at the caution and restarted second to Elliott. But Elliott got by Kurt Busch quickly and wasn’t challenged.

“I got soft on him,” Kurt Busch said of Elliott. “I should have been throwing some fenders and moving some momentum around. I didn’t stick with our strength.”

Still, he finished second.

Ryan Blaney was ninth when the caution waved and moved to third for the restart by staying out. That’s where he finished, completing a chaotic night that saw him run toward the front early, struggle with handling, spin at Lap 205 and then end up with a top-five finish.

“I was surprised so many pitted,” Blaney said. “Tires didn’t mean a lot of tonight, especially for the first handful of laps, it didn’t really mean that much. Our plan was to stay our regardless. … Then I saw that many cars pit. I was pretty shocked. 

“To get to line up on the second row, having a small chance to try to make something happen at the end of the race. Ended up with a good chance”

Kyle Larson was fourth when the caution waved and did not pit. He finished fourth. 

Chastain used his four fresh tires to go from 11th to fifth, the highest finishing car that came to pit before the final restart.

“As soon as we got into Turn 1, we had grip,” Chastain said. “I got to (Cole Custer)’s back bumper and pushed him as long as I could. I wanted to try to tandem and help him and help me. 

“Poked out and had clean air and then just kind of knifed my way though there and held off some guys on the last lap to hold on to fifth. It’s kind of where the seas parted on Turns 1 and 2 on fresh tires.”

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2022 Indianapolis 500 results: Marcus Ericsson fights off late charge to win Indy 500 under dramatic caution

Marcus Ericsson delivered Chip Ganassi Racing back to Victory Lane at the Indianapolis 500, holding off the McLaren Arrow SP race car of Pato O’Ward and chased to the finish by teammate at CGR, Tony Kanaan.

It is the fifth Indy 500 win for Chip Ganassi’s team, but first since 2012, and closes a month of May that saw the team put on a dominant display. The team was constantly at the top of the speed charts throughout the month of May and also when it mattered most on Sunday.

Ericsson, wearing a helmet painted in honor of his late countryman, Ronnie Peterson, took the lead over after the final series of pit stops. The Swede opened up a commanding lead before a crash by teammate Jimmie Johnson brought the field to pit lane as IndyCar red flagged the race, freezing the field. 

“I couldn’t believe it,” Ericsson said. “I was praying so hard there wasn’t going to be another yellow. 

When they emerged it was a two-lap shootout, and O’Ward immediately tried low, then high, but Ericsson proved too strong and held on.

“It was hard to refocus,” Ericsson said afterward, “I did everything I could there at the end to keep them behind me.”

He got a bit of help when Sage Karam caromed off the walls exiting Turn 2 as Ericsson was leading the field through Turn 4, freezing the field once again and letting him exhale as he crossed the line as the second Swede to win the Indianapolis 500 after Kenny Brack.

Unofficial Top 10

  1. Marcus Ericsson
  2. Pato O’Ward
  3. Tony Kanaan
  4. Felix Rosenqvist
  5. Alexander Rossi
  6. Conor Daly
  7. Helio Castroneves
  8. Simon Pagenaud
  9. Alex Palou
  10. Santino Ferrucci

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NASCAR on final caution: ‘We … prematurely put that caution out’

A senior NASCAR official conceded that series officials “prematurely … put that (final) caution out” just before Ryan Blaney crossed the finish line, creating a bizarre finish that would have been more controversial had Blaney not won Sunday’s All-Star Race after the overtime restart.

Scott Miller, NASCAR senior vice president of competition, made the comment to reporters after Sunday night’s race.

NASCAR called a caution after Ricky Stenhouse Jr. hit the backstretch wall on the final lap. Stenhouse continued and stayed out of the way of the cars behind.

The caution lights illuminated moments before Blaney crossed the finish line to win the race. Normally, Blaney would have won anyway, but the All-Star Race has a special rule that the event must end under green flag conditions — a point made at the end of a rules video teams and media are given before the event.

“We all watched and we saw (Stenhouse’s) car and mentioned the car against the wall, riding the wall down the back straightaway,” Miller told reporters after the race. “The race director looked up — and I’m not sure what he saw — but he immediately put (the caution) out. Wished we wouldn’t have done that, but we did that, and we’ll own that we probably prematurely put that caution out.”

Thinking he had won, Blaney unlatched his window net to begin his celebration.

Told the race was not over, Blaney said on his team’s radio: “Are you serious, the race is not over?”

Blaney then spent the much of the caution trying to latch his window net. If the window net is down, NASCAR calls the driver to pit road to have the window net put back in place, citing the safety issue.

Ryan Blaney struggled to put his window net back up after he had unlatched it, thinking he won the All-Star Race before he was informed that a late caution forced the event into overtime. (Photo by Jared C. Tilton/Getty Images).

Miller explained why Blaney was not called to pit road before the final restart:

“We saw him struggling to get it back up, but coming to green (for the final restart), he was warming his tires back on the back straightaway. You could clearly see both hands on the wheel, warming the tires up. The window net was up.

“No way for us to know if he got it 100% latched or not. At that point in time, no way we can be certain he didn’t get it latched, so there was no way we could have called him down pit road at that time.”

Runner-up Denny Hamlin raised questions about what NASCAR did.

Asked if NASCAR should have let Blaney come to pit road to put the window net back up but retain his position, Hamlin said:

“Then you’re changing the rules. You can’t change the rules. Why? Because you feel bad for the guy? I’ve had race-winning cars for the past four weeks and I’ve had stuff happen to me. That’s doesn’t mean they’re going to say, ‘Well, you should have won the race, so we’ll give you the win.’ It doesn’t matter. You can’t make up rules.”

Hamlin’s crew chief, Chris Gabehart — facing a four-race suspension starting next week for a wheel that came off Hamlin’s car at Dover — raised his concerns about NASCAR allowing Blaney to run under caution with the window net down.

After the race, Hamlin and Gabehart discussed on the team’s radio what happened to Blaney.

“He (expletive) was holding (the latch) up,” Hamlin said of Blaney. “He should have won the race anyway. 

Gabehart responded on the team’s radio: “I don’t disagree, (Blaney) should have won the race. I just don’t really understand how letting a tire roll down pit road gets me four weeks off and he can run around with the window net down. … Yes, I purposely said that the way I did.”

Hamlin then said on the team’s radio: “Because they make up rules. They answer to themselves. That’s what they do. This is not new.”

 

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COVID rates Chicago: CDC, health experts urge caution for Mother’s Day weekend gatherings as cases rise

CHICAGO (WLS) — The Centers for Disease Control and Prevention has said Chicago now falls in the medium transmission risk level just ahead of Mother’s Day, warning experts of another possible surge.

That’s why officials are urging people to mask up and avoid gatherings altogether if they are experiencing any COVID-19 symptoms.

Doctors also said an at-home test might not even detect the virus if symptoms are mild.

For now, Chicago officials are not requiring masks, but strongly recommend wearing them, especially in indoor spaces.

Chicago and suburban counties are now at “medium” community level, with more than 200 new cases per 100,000 reported in the last seven days.

“You want to be really careful,” said Dr. Susan Bleasdale, director for infection prevention at UI Health. “If you’re visiting your mother, and there’s someone that is vulnerable, if you’re going to visit them, you may choose to wear a mask the entire time you visit together.”

If Chicago moves from medium to a “high” community level, more mitigations would be possible, but that would require a steep increase in hospitalizations, which have been on the rise but only moderately.

Illinois COVID cases

Illinois reported 7,709 new COVID cases and seven deaths Friday as the CDC said nine Chicago-area counties have reached a “medium” risk of transmission.

There have been at least 3,169,315 total COVID cases as of Friday, including at least 33,660 related deaths in the state since the pandemic began.

RELATED: Count of US COVID deaths nears 1 million: Who we’ve lost and why

As of Thursday night, 808 patients in Illinois were reported to be in the hospital with COVID-19. Of those, 66 patients were in the ICU, and 24 patients with COVID-19 were on ventilators.

A total of 22,018,536 vaccine doses have been administered in Illinois as of Thursday, and 64.76% of the state’s population is fully vaccinated. The seven-day rolling average of vaccines administered daily is 14,163.

Cook, Lake, McHenry, Kane, DuPage, Will, DeKalb, Kendall and Winnebago counties have “medium” COVID risk levels, according to the CDC.

“You know, especially that 0 to 19 group, they’re reporting the most cases every day,” said Chris Hoff, with DuPage County Health Dept. “But we are seeing increases in every age group across the community.”

In an email to Chicago Public Schools families and staff, CEO Pedro Martinez said the district would continue “strongly encouraging the use of masks in our schools, especially among our unvaccinated students, and especially when cases are rising.” But the school system followed the city’s lead in opting against a mandate.

“As we have done since the start of the pandemic, CPS will continue to follow the recommendations of the Chicago Department of Public Health when making decisions about how this change will impact our schools,” Martinez wrote in the email.

The district has fought efforts over the past few months by a group of parents and a downstate candidate for attorney general to get rid of all COVID-19 precautions in schools. Martinez announced CPS would drop its mask mandate in March just a week after he had reaffirmed the school system’s commitment to face coverings. Though his announcement cited a sharp decline in cases, he later hinted the move was intended to preemptively avoid a pending court ruling that would have blocked CPS’ ability to mandate masks in the future. He assured families, though, that CPS would reinstate the requirement if cases rose again.

While masks still won’t be required for now, the district will continue its isolation policy for unvaccinated students and staff, requiring those who are exposed to COVID-19 to work or learn from home for five days, then wear a mask in school for the next five days.

Sun-Times Media contributed to this report.

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Fed’s Bostic expresses caution about the pace of interest rate hikes

Atlanta Federal Reserve President Raphael Bostic on Tuesday expressed concern about the impact that rate hikes could have on the U.S. economic recovery, saying the central bank shouldn’t move so fast that it chokes off growth.

Bostic did not commit in a CNBC interview to what pace the Fed should take in increasing benchmark rates. Instead, he said policymakers should be measured in their approach and watch how what they do impacts conditions.

“I think I’m in the same areas as my colleagues philosophically,” he told CNBC’s Sara Eisen in a “Closing Bell” interview. “I think it’s really important that we get to neutral and do that in an expeditious way.”

“Neutral” is considered the rate at which the economy is running on its own with rates that are neither boosting nor restricting growth. Bostic said that rate could be as low as 1.75%. That puts him near the median of the Fed’s “dot plot” of individual members’ projections released each quarter.

“I really have us looking at one and three-quarters by the end of the year, but it could be slower depending on how the economy evolves and we do see greater weakening than I’m seeing in my baseline model,” he said. “This is one reason why I’m reluctant to really declare that we want to go a long way beyond our neutral place, because that may be more hikes than are warranted given sort of the economic environment.”

That puts him in contrast with some of the other Federal Open Market Committee members.

On Monday, St. Louis President James Bullard said he sees the fed funds rate, which serves as a benchmark for many consumer debt instruments, rising to 3.5%. He said the Fed needs to go beyond neutral if it has hopes of taming inflation running at its fastest pace in more than 40 years.

But Bostic said the Fed “needs to be cautious as we move forward.” Inflation could be topping, he said, though he noted that real incomes adjusted for the cost of living have been falling.

“We do need to get away from zero, I think zero is lower than we should be right now,” he said. “But at the same time, we need to just pay attention.”

Market pricing is for rate hikes that would bring the funds rate to 2.5% and the Fed ultimately hiking to around 3.2% before cutting rates in late 2024.

The Atlanta Fed is tracking GDP growth in the first quarter of just 1.3%, though Bostic said he expects the annual pace in 2022 to be around 3%.

“My goal is to have there not be a recession while I sit in this chair, and I’m just going to do all I can to make that be true,” he said.

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U.S.-listed China stocks are volatile but analysts urge caution

The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China.

Wan Xiaojun | Visual China Group via Getty Images

Some analysts remain pessimistic on U.S.-listed Chinese stocks, warning the road ahead remains uncertain despite signs that they’re at less risk of being delisted from U.S. exchanges.

“Global investors may be jumping the gun a little bit. Everything is very, very premature right now,” said Shehzad Qazi, managing director of China Beige Book International.

March was a volatile month for Chinese stocks, which dived then surged as Beijing signaled more support for its firms listed overseas.

The MSCI China index spiked almost 24% for the month, turning around from a 25% tumble in the first half. This index tracks all Chinese stocks, including those listed in Hong Kong, the mainland and the U.S. Its top constituents are mostly tech stocks. CNBC’s China ADR index, which tracks U.S.-listed Chinese stocks, has jumped about 25% between mid March and April 1.

“I get the sense that a lot of investors right now are very happy with the progress but not really focusing on the fact that there’s a lot of uncertainty out there, a lot of unknowns,” Qazi told CNBC’s “Squawk Box Asia” Monday.

Harvey Pitt, who was chairman of the U.S. Securities and Exchange Commission from 2001 to 2003, added: “This is clearly an effort by the Chinese government to create an appearance that there will be more transparency. The real devil will be in the details.”

“The only question will be: are people who are investing now in Chinese companies doing so with their eyes wide open?” asked Pitt, who is now the CEO of consulting firm Kalorama Partners.

Earlier in March, shares of Chinese companies came under pressure when the U.S. Securities and Exchange Commission started identifying Chinese companies that could be delisted if they didn’t comply with audit requirements. Those included tech giant Baidu, biopharmaceutical firm BeiGene and fast food restaurant business Yum China.

On Friday, New York-listed Chinese stocks jumped further after a report that China is considering granting U.S. authorities full access to company audits. This would allow those companies to continue trading publicly in the U.S. The China Securities Regulatory Commission told CNBC that it told some accounting firms to consider preparing for joint inspections.

Over the weekend, Beijing also proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to cooperation between both countries on audits, Reuters reported.

Qazi said: “Yes, there have been recent rule changes in China and they seem to suggest a positive step forward. But the truth is, at the end of the day, we don’t know the specifics of which companies will the SEC be able to audit according to U.S. rules and regulations.”

“So if the biggest players … Baidu, Alibaba, Tencent — are these companies going to open up their books to U.S. regulators for audits? Because if they don’t, you’re taking off a bunch of market capitalization,” he added.

Too early to call it a ‘dragon market run’

Other analysts also urged investors to stay cautious.

“Concrete policy action to stabilize China’s property market will likely be required to sustain this market rally. China’s zero-COVID policy and activity restrictions will also weigh on consumption and sentiment in the near-term, while its relationship with Russia means the threat of U.S. sanctions will hang over markets,” Seema Shah, chief strategist at Principal Global Investors, said in a note last week.

The property debt crisis has loomed over China’s economy. The Hong Kong exchange recently suspended trading in over 30 stocks that failed to report earnings on time, including Chinese developers Sunac China, Shimao and Kaisa.

Read more about China from CNBC Pro

“Although China may be resuming a market-friendly stance, it is still too early to call this a new dragon market run,” said Shah.

Kieran Tompkins of research firm Capital Economics added that the near-term outlook for growth continues to deteriorate, with high oil prices, renewed lockdowns and other factors threatening earnings growth.

“What’s more, even if domestic policymaking does become less of a concern for investors, the war in Ukraine and China’s alliance with Russia have ignited fears that the invasion will accelerate the process of decoupling of the country’s financial system with the US,” the assistant economist said in an April 1 note.

“As such, we suspect that China’s stock market will remain under pressure, even though its valuation relative to other MSCI equity indices is relatively low,” he added.

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Russia-Ukraine war latest: western officials urge caution over Russia’s peace talk promises – live | World news

Dracoa the ferret and the ginger cat named Cat have reached an uneasy truce. And while the dog across the platform still yaps at them both, after more than a month, the humans and their pets living in this corner of Kharkiv’s metro station are used to each other.

On one side of the platform, Tetiana Kapustynska hung up balloons for her 24th birthday on the pillar she sleeps behind. “The day before I cried because I didn’t know what it was going to be like, but in the end people got together and celebrated with me,” she said.

“The biggest problem was champagne, I couldn’t find a bottle anywhere,” she added with a grin, as she made cups of instant coffee for visitors with water in a flask. “Cake wasn’t so much of a problem. You can still get it in the shops.”




Dascha with her ferret Dracoa in Kharkiv metro. Photograph: Dmytro Frantsev/The Guardian

Kapustynska, who is a maths and physics teacher, turned the metro station’s operation room into a cross between a childcare facility and a school for the children living in the underground chamber. For her birthday, they made decorations and organised flowers.

Barely a month ago, she had been trying to choose a bar or restaurant for celebrations. But since the war began, bombs, shells and rockets have smashed Kharkiv city centre and residential areas, killing hundreds of civilians, in perhaps the most intense offensives of the war outside the besieged port town of Mariupol.

In response, life has largely moved indoors and underground, with thousands of people taking refuge in Soviet-era stations. These were designed in the cold war era to shelter the city’s residents from a western attack, but now the bunkers are protecting civilians from the Russians.

“I don’t go out much; it’s frightening,” said Denis Kapustynskyi, 19, Tetiana’s brother. He lived with his mother in Saltivka, a northern suburb that has been turned into a burnt-out wasteland by some of the most intense shelling of the war.

He does not even know if they have a house any more, after fleeing with little more than the clothes on their backs at the start of the war. “On the first day of the war, the sounds of explosions were really loud. They were already shelling housing blocks. We got dressed, picked up our documents and left,” he said.

Some still risk venturing out in the daytime for light, fresh air, shopping, and Tetiana goes to feed and play with her dog, who is too big to be brought into the metro station – although every trip above ground is potentially deadly.

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