Tag Archives: venues

City Council approves 5-year permit for MSG, shortest extension in venue’s history – Gothamist

  1. City Council approves 5-year permit for MSG, shortest extension in venue’s history Gothamist
  2. Madison Square Garden gets 5-year extension amid push for Penn Station improvements Newsday
  3. City Council unanimously approves 5-year permit for Madison Square Garden Crain’s New York Business
  4. NYC officials set to give James Dolan five-year permit for Madison Square Garden — but battle over site is brewing New York Post
  5. City Council grants Madison Square Garden shortest operating permit ever in final vote New York Daily News
  6. View Full Coverage on Google News

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Sundance Film Festival Unveils First Details On 2024 Hybrid Edition’s Slate, Venues & Timing As Fest Director Eugene Hernandez Addresses “Challenging Moment” For Artists – Deadline

  1. Sundance Film Festival Unveils First Details On 2024 Hybrid Edition’s Slate, Venues & Timing As Fest Director Eugene Hernandez Addresses “Challenging Moment” For Artists Deadline
  2. 2024 Sundance Film Festival In-Person, Hybrid Plans Announced IndieWire
  3. Sundance Film Festival Will Continue Hybrid Format in 2024 While Creating ‘Festive’ In-Person Event Variety
  4. Sundance Film Festival 2024 will screen more movies in person, fewer days online Salt Lake Tribune
  5. What to Know About the 2024 Sundance Film Festival – sundance.org Sundance Institute
  6. View Full Coverage on Google News

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Elon Musk says he’s buying Manchester United — but if it’s a joke, the SEC is unlikely to laugh

Last Updated: Aug. 16, 2022 at 9:27 p.m. ET

First Published: Aug. 16, 2022 at 9:09 p.m. ET

Elon Musk is either getting into international soccer or else may have scored an own goal and teed up more trouble from the SEC.

In a tweet late Tuesday, the Tesla Inc. TSLA chief executive said: “Also, I’m buying Manchester United ur welcome,” referring to the iconic English soccer club that may be up for sale.

It was unclear if Musk was…

Elon Musk is either getting into international soccer or else may have scored an own goal and teed up more trouble from the SEC.

In a tweet late Tuesday, the Tesla Inc.

TSLA

chief executive said: “Also, I’m buying Manchester United ur welcome,” referring to the iconic English soccer club that may be up for sale.

It was unclear if Musk was serious, as he’s well-known for tweeting jokes and frivolous statements.

Neither Manchester United nor the SEC immediately replied to requests for further information.

But if it was a joke, it may not be funny to the Securities and Exchange Commission, since Manchester United

MANU

is a publicly traded company. Musk’s tweet came at 8:01 p.m., just after the end of after-hours trading, so Man U’s stock was unaffected.

Musk is no stranger to tweets coming back to bite him. His 2018 tweet that he had “funding secured” to consider taking Tesla private at $420 a share became the subject of regulatory action by the SEC, ultimately resulting in $20 million fines each against Musk and Tesla.

Musk has sparred with the SEC on a number of other occasions over the years. He’s also embroiled in a bitter legal battle as he’s trying to pull out of a $44 billion deal to buy Twitter Inc.

TWTR

.

On the other hand, if the tweet is true, it would be a seismic deal for one of the most valuable sports brands on the planet. Manchester United’s current owners, the Glazer family, have been under pressure to sell the team after years of underperformance, mismanagement and a revolt by some fans. The team is currently in last place in the English Premier League, after their second straight loss to start the season, an embarrassing 4-0 defeat to Brentford on Saturday.

Last week, reports said British businessman Michael Knighton planned a formal bid to buy the team. The club has an estimated value of $4.6 billion, according to Forbes.

That price tag would be doable for Musk, who is the world’s wealthiest individual, with a fortune estimated around $267 billion, according to the Bloomberg Billionaires Index.

Manchester United went public in a 2012 IPO on the New York Stock Exchange. Its shares are down 10% year to date, in line with the S&P 500’s


SPX

10% loss this year.



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Kid Rock to cancel tour stops at venues with COVID vaccine mandates

Kid Rock is hitting the road, but he’s being selective about exactly where he’s going.

Just days after announcing his upcoming “Bad Reputation” tour, the artist took to his official Facebook account this week to reveal he won’t be performing at venues that require COVID-19 masks or vaccination.

“There’s been a lot of talk about vaccine mandates and venues. People saying, ‘I’m not going to that venue because of the vaccine mandate’ and this, that and the other. Trust me, we’ve done all our research on this and the consensus says that all this is going to be done, if there are any at these venues, I’m not aware of any, but if there are any, they’re going to be gone by the time we get to your city. If they’re not, trust me, you don’t have to worry. You’ll be getting your money back because I won’t be showing up either,” Kid Rock said.

“It’s actually kind of unfortunate. We actually scratched Buffalo, New York off the list because of that and Toronto, Canada and several other cities we were looking at. I don’t want to deal with that s–t either,” he continued.

KID ROCK RELEASES POLITICALLY CHARGED SINGLE ‘WE THE PEOPLE’ THAT SLAMS JOE BIDEN, ANTHONY FAUCI

Kid Rock hits at President Joe Biden and Dr. Anthony Fauci in his new track “We the People.”
(AP |  Gary Miller/Getty Images  |  SHAWN THEW/POOL/AFP via Getty Images)

Kid Rock revealed that he spent most of his time during the pandemic in the studio working on his album.

“I’m unf—ing cancellable. Suck on that,” Kid Rock added as message to his “haters.”

The artist went on to question his fans about where they listen to music. It’s an interesting question given the current controversy surrounding Spotify. Musician Neil Young recently requested the streaming service remove his music because of his opposition to Joe Rogan’s podcast, which he accused of spreading misinformation about coronavirus vaccines. 

On Friday, singer Joni Mitchell announced that she’s followed suit and no longer wants her songs on Spotify.

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Singer Kid Rock performs in 2018 in Nashville, Tennessee.
(Terry Wyatt/Getty Images)

In addition to discussing his tour, Kid Rock dropped his latest track “We The People” along with two others at midnight on Tuesday. The track mocks people like President Biden and Dr. Anthony Fauci, and bashes COVID-19 mandates.

“Wear your mask, take your pills / now a whole generation’s mentally ill!” Rock shouts in the rap/rock hybrid single.

Elsewhere in the song, he adds: “But COVID’s near, it’s coming to town, we gotta act quick, shut our borders down / Joe Biden does, the media embraces, Big Don does it and they call him racist.”

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Kid Rock is going on tour this year.
(Michael Hickey/Getty Images)

The singer’s 2022 Bad Reputation Tour is going to 24 cities.

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Chicago COVID mandate: Mayor Lori Lightfoot announces new proof of COVID-19 vaccine, testing requirements for indoor venues

CHICAGO (WLS) — The city of Chicago is imposing a wide-ranging vaccine mandate that will affect bars, restaurants, gyms and more after the first of the year.

Mayor Lori Lightfoot announced the new requirements Tuesday in response to the surge in COVID cases.

“Chances are everyone knows someone with COVID-19 right now,” Chicago Department of Public Health Commissioner Dr. Allison Arwady said. “It’s everywhere.”

This new mandate applies to anyone 5 and older who is eligible to get vaccinated. It will take effect Jan. 3, and is likely to remain in effect for several months.

WATCH: Mayor Lightfoot announces new vaccine proof requirement for Chicago

That means going out to eat in Chicago will soon require people to bring not just their mask, but also proof of vaccination if they are going to be inside for more than 10 minutes.

“This new wave is seemingly more deadly than the last, spreading faster and causing profound harm,” Lightfoot said. “To be clear, I’ve not been this concerned about COVID-19 since the early days of the pandemic.”

SEE ALSO: Biden to announce plan to mail 500M free rapid tests to Americans next month

City data show that, on average, more than 2,000 Chicagoans are testing positive for the virus daily.

The mayor’s requirement only applies to bars, restaurants, gyms and entertainment venues that serve food and drink; it does not include houses of worship or grocery stores.

Proof of vaccination will be required at:

  • Restaurants and bars
  • Entertainment venues where food and beverages are served
  • Sports arenas, concert venues, bowling alleys and movie theaters
  • Indoor fitness centers
  • “These are the places that are the most risky places for spread, which is why we’re focused on them,” Lightfoot said. “This order will remain in effect until the city deems that the threat of COVID-19 to public health as diminished significantly.”

    Right now, most large venues already ask for proof of vaccination, but many restaurants do not.

    For some patrons, it’s welcome news.

    “I think it’ll make people feel safe. It makes me feel safer. So I would think there are a lot of like-minded people out there like me,” said Larry Knight.

    RELATED: Chicago travel update: 5 states added; advisory stands at 47 states, 2 territories

    “I know my employees have a lesser likelihood of getting sick if they’re waiting on guests or around guests who are vaccinated,” said Scott Weiner, the Fifty/50 Restaurant Group owner.

    Weiner was one of the first restaurant group owners to require staff to get vaccinated, and supports Lightfoot’s requirement for restaurants and bars to require proof of vaccination for customers

    “I don’t think it’s going to be that tough; this is no different than checking an ID for someone who wants a beer,” he said.

    Employees at the impacted establishments who are not fully vaccinated will have the option to be tested for COVID on a weekly basis.

    The order does not go into effect until Jan. 3 to give businesses time to adapt and train workers, but there will be enforcement and possible fines.

    One restaurant owner said they are not against a vaccine passport, but it just adds another requirement for workers, which he called a “heavy lift.”

    However, it’s been a pretty straightforward process at Replay in Andersonville.

    “We have door people at the bar locations, they just check IDs as they check vaccine cards. It’s been a non-issue,” said Replay owner Mark Liberson.

    Liberson has been requiring proof of vaccination at Replay and his four other bars since June. While he has lost some business, Liberson said most of customers have supported the requirement and said a citywide mandate for bars and restaurants will make it easier to operate.

    “I think what this is going to do is really going to communicate a consistent standard, so we won’t be the only ones,” Liberson said.

    “Establishments will be required to one, post signage at each publicly accessible entrance and at least one location inside informing patrons of the vaccination requirements,” said Ken Meyer with CMSR business and consumer protection.

    They will also have to provide proof of how they plan to implement the requirement. There’s a planned webinar to help businesses.

    While the “get tested” or “show proof of vaccination” requirement may indeed make more people feel comfortable going out to eat, one restaurant owner is concerned that it could also have the opposite effect and further hurt their business.

    “It is frightening thinking about how can this affect our business and even more than it already has, so it’s a little bit frightening. But on the other end of that as just a civilian of Chicago, right, it is comforting because with the omicron cases sweeping through the United States now, I think it gives people a sense of security that when you’re dining out you will be a little bit safer,” said Niki Flores of Chicago’s Pizza.

    Justin Jacobson, a business owner with Platinum Sanitation, agrees.

    “To start putting limitations on businesses that are already struggling, there’s enough problems going on out here that we have to worry about, rather than going into one of these restaurants,” Jacobson said.

    One Chicago woman who asked not to be identified said Wednesday could be her last time bringing her 5-year-old twin daughters out to eat in the city.

    “I’m not going to get my kids vaccinated because I feel like they are too young, and it made me sick the second dose so I don’t want them to go through what I went through,” she said. ‘They are trying to force everyone to get the vaccination by going through the kids.”

    The Fifty/50 Restaurant Group said they are prepared for some pushback from customers.

    “I think it might drive unvaccinated customers away, and I’m OK with that,” Weiner added.

    Wiener is convinced having everyone vaccinated at his restaurants will end up being good for business.

    The Illinois Restaurant Associated released a statement following the announcement that said, “Chicago’s hospitality community is in a very fragile stage of recovery. Throughout the pandemic, the industry has prioritized customer and team member safety above all else, and the IRA strongly supports vaccinations for everyone to mitigate the spread of COVID-19. We encourage all diners to please lend their cooperation, respect and kindness to the employees working to comply with the new mandate during these challenging times.”

    This new mitigation effort is aimed at stemming the spread of the omicron variant, which the Centers for Disease Control and Prevention now says is responsible for 73% of all new COVID cases.

    The announcement comes as Illinois reported the largest single-day increase of the year Monday, with 12,328 new cases. Health officials also said 60% of the state’s population is now fully vaccinated, as of Tuesday.

    The recent surge comes just as large family gatherings and crowded airports could send numbers even higher.

    Right now, there are nearly 4,000 patients with COVID in Illinois. More than 800 of those patients are in ICU beds, which worries some health care workers at Silver Cross Hospital in southwest suburban New Lenox.

    “We are nearing our capacity but we do have contingency plans in place to add ICU beds if needed,” said Dr. Atul Gupta, medical director with infection prevention at Silver Cross Hospital. “We’re hoping not to get to that point.”

    In Chicago and suburban Cook County, availability is better. Across Will and Kankakee counties, only 5% of ICU beds are available.

    Test positivity rate in Illinois is now at 7.1%.

    Indoor mask mandates will remain in place for the immediate future, or at least until the surge is over.

    Copyright © 2021 WLS-TV. All Rights Reserved.



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    San Francisco to force five-year-olds to show proof of vaccination to enter indoor venues

    Children aged five to 11 will be forced to prove they are vaccinated if they want to enter restaurants and entertainment venues in San Francisco, officials have said.

    The progressive city became the first in the country to impose strict vaccine mandates for indoor venues in August for all children and adults over 12.

    Now, City officials plan to extend such requirements to children as young as five and made the announcement at a town hall meeting Tuesday, the same day the CDC granted emergency approval for that age group to receive the Pfizer-BioNTech shot.

    However, the CDC’s decision to approve the vaccine for the five to 11 age group has caused a storm of controversy nationwide, with opponents pointing to the fact there is little evidence to suggest vaccinating young children is necessary.

    Data shows Covid poses a low risk to the age group, with children accounting for less than 0.1 percent of the more than 750,000 Covid-related deaths in America.

    The decision means the US becomes one of the first countries in the world to officially approve jabs for this age group, with scientists in Britain warning officials against ‘blindly’ following America and recommending the jab to young children.

    There have been more than 1.9 million cases of Covid-19 among five- to 11-year-olds in the United States, and more than 8,300 hospitalizations, more than 2,300 cases of MIS-C (pediatric multisystem inflammatory syndrome), and about 100 deaths.

    Polls suggest many parents are not likely to have their kids vaccinated, with one poll finding around a third would ‘definitely not’.

    A further third said in the poll they would ‘wait and see’ and five percent said they would ‘only if required’. Meanwhile, just 27 percent of parents questioned said they would get their children vaccinated ‘right away’.

    San Francisco Health Officer Susan Philip said the city would give children roughly two months to get fully vaccinated before they must show their vaccination passports or be turned away from local establishments.

    San Francisco plans to mandate children aged 5 to 11 show proof of vaccination to enter indoor venues. San Francisco Health Officer Susan Philip made the announcement at a town hall meeting via Zoom on Tuesday

    City officials made the announcement the same day the CDC granted emergency approval of the PFizer-BioNTech for that age group. Above, a child received the shot Wednesday in Los Angeles

    ‘We definitely want to wait and make sure children have an opportunity to get vaccinated, so that will happen no sooner than about eight weeks after the vaccine is available to kids, so there will be a limited time in which there will not be those requirements in our plan,’ she said. 

    ‘But at some point, five to 11 year olds will also have to show proof of vaccination to access some of those same settings.’

    Vaccinations for children in that age group started in California the day after the CDC’s Advisory Committee on Immunization Practices unanimously voted 14-0 to recommend the pediatric vaccine.

    CDC director Dr Rochelle Walensky then signed off on the vote, meaning that approximately 28 million children in the US are now eligible for the shots.

    It was the final step in the process that will allow injections in young children to begin this week in the United States, with President Joe Biden issuing a statement calling the decision ‘a turning point’ in the battle against Covid-19 and said they had secured enough vaccines for every child in America.

    Children who are vaccinated are given a third of the dose that adults receive and, like the adult inoculation, make two appointments 21 days apart.

    The lower dose was chosen to minimize side effects and still produce strong immunity, Pfizer says, with studies showing that it is about 91 per cent effective against Covid.

    Children who are vaccinated are given a third of the dose that adults receive. Above, a child was vaccinated Wednesday in Los Angeles

    Officials from the San Francisco Department of Public Health on Wednesday confirmed the plan and noted that children wouldn’t be required to show a valid form of ID.

    ‘As with children 12-17 who may not have personal identification, we will follow the same approach with the younger kids such that they would not be penalized for not having an ID,’ a spokesperson from the department wrote in an email to Politico.

    San Francisco’s requirement for children would be the first of its kind and the city does not require children to show proof of vaccination to enter school buildings.

    The Los Angeles Unified School District, which requires children 12 and up to be vaccinated, announced this week that it does not intend to include children aged five to 11 in its school vaccine mandate just yet.

    Governor Gavin Newsom’s planned vaccine mandate for children in schools will not take effect until the FDA grants full approval for each age group. 

    Bernadette Rosselli, a local mother, told Fox News that the mandate was ‘absolutely ridiculous.’

    She said, ‘Parents are concerned and rightly so. I think that it’s important that we take the time to make sure that it’s gonna be safe, especially when they’re at such a low rate of risk. It’s really not necessary to rush into this. Let’s give it a little time.’

    Many parents have been undecided on vaccinating their children because kids rarely get severely ill and make up less than 0.1 percent of all Covid deaths in the U.S., according to the CDC. 

    Dr. Houman Hemmati noted the low infection rates in an interview with Fox News and said, ‘With vaccines, as with any drug, there’s a calculation that has to be made of risk, benefit and need.’

    A majority of parents that do not have plans to get their child aged 12 to 17 vaccinated for Covid cite concerns about side effects as the reason why. Around a third are waiting to see if the vaccine is safe, and a quarter are not sure if their children even need the shots

    Because of the low risk of severe illness, only a third of parents have said they would get their children vaccinated ‘right away’, with a further third saying they would ‘wait and see’. Five percent said they would ‘only if required,’ while 30 percent said ‘definitely not’

    He added, ‘If a drug has a great risk benefit, but it doesn’t have a medical need, why take it? If I’m not in pain, I don’t take a pain medicine for example. That’s a generalization, but for vaccines you have to make sure there is a need.’

    A hospital in Connecticut began administering Covid-19 vaccines to children, aged between five to 11, just minutes after the CDC officially signed off on approval. 

    The CDC’s decision has caused a storm of controversy with opponents pointing to the fact there is little evidence to suggest vaccinating children is necessary.

    The decision means the US becomes one of the first countries in the world to officially approve jabs for this age group, with scientists in Britain warning officials against ‘blindly’ following America and recommending the jab to young children. 

    China has reportedly started rolling out its own vaccines to three-year-old children, and Chile is vaccinating children aged six and older. Israel, meanwhile, is expected to follow the US’ lead now the CDC has approved the jabs.

    Bahrain approved Sinopharm COVID-19 vaccine for children aged 3-11 from Oct. 27, while on Nov. 2, the Gulf state approved the Pfizer vaccine for emergency use for children aged between 5 and 11 years. 

    However, these countries are currently the exception, with countries still weighing up the risks and benefits of the decision. Most are only vaccinating children aged 12 and upwards.

    A majority of parents who are hesitant to get their child vaccinated, like Rosselli, fear potential side effects of the vaccine. 

    The Week 39 Household Pulse survey, conducted by the U.S. Census Bureau and  published on Wednesday, asked parents of children aged 12 to 17 – who were unsure or definitely did not plan to get their child vaccinated – their reasons for hesitation.

    More than two-thirds, 69 percent, reported they were concerned about side-effects, while one in every four parents said they were not sure if their children needed the shot.

    A ten year old child high fives Pharmacist Colleen Teevan after he received the Pfizer-BioNTech Covid-19 Vaccine for kids at Hartford Hospital in Hartford, Connecticut

    Of 45.7 million respondents, 13 million parents answered they either were ‘unsure’ of, ‘will probably not’ or would ‘definitely not’ getting their child vaccinated.

    Those 13 million respondents were then asked why they did not plan on getting their children jabbed.

    Nearly one-third reported that they would wait to see whether the vaccine was safe in children that age.

    Around 30 percent of parents said they do not trust the government, and three percent say they do not give their child any vaccines.

    Among vaccine-hesitant parents who don’t trust the government, California has the highest share at 71 percent 

    Many of these parents also fall within the 69 percent of parents who are concerned about the jab’s side-effects and 24 percent who are not sure if their children need the shot. 

    The most serious side effect that can strike children is myocarditis, heart inflammation, a rare condition which is usually minor but can result in death in more serious cases.

    However, such a condition has only been reported in patients who received the Johnson & Johnson or AstraZeneca shots.  

    In Britain, scientists have warned against officials ‘blindly’ recommending the jabs to young children without weighing up the risks ‘extremely carefully’.

    Children watch as Pharmacist Colleen Teevan reconstitutes the Pfizer-BioNTech Covid-19 Vaccine for kids before administering it to six children waiting to be among the first 5-11 years olds in the US to receive the newly approved vaccine at Hartford Hospital in Hartford, Connecticut on November 2, 2021

    The caps on the children’s vials will be orange, making them easily recognizable compared to the purple caps on the vials for older groups. Pictured: A vial  of the new children’s dose of the Pfizer-BioNTech Covid-19 vaccine, seen at Hartford Hospital in Hartford on Tuesday

    Professor David Livermore, a medical microbiologist at the University of East Anglia told the MailOnline last week: ‘Vaccinating children to protect adults via herd immunity is ethically dubious and is scientifically weak.’

    There are also still fears about myocarditis, a form of heart inflammation detected in children, mostly boys, in around one in 10,000 cases after vaccination.

    Critics say children are better off catching Covid and getting protection naturally because the risk of being admitted to ICU is about one in 500,000.

    There are signs that natural immunity in British youngsters is already slowing the epidemic. But some studies have suggested myocarditis is even more common after Covid infection itself, which complicates the matter further.

    While most cases of myocarditis after the Covid jab are mild and treatable, the UK Government’s scientific advisers say the long-term effects of the inflammation is not understood.

    Data used to justify the FDA panel’s decision showed nearly 180 children would be expected to suffer from myocarditis for every death the vaccine would prevent if the rollout went ahead.

    But the side effect would not be expected to cause any deaths.

    The rollout would stop over 200 hospitalisations and a handful of deaths over a six-month period, by comparison.

    And the data showed it could stop tens of thousands of infections in the same time

    Stickers for children are seen ahead of full approval from the CDC for children to receive the Pfizer-BioNTech Covid-19 vaccine at Hartford Hospital in Hartford, Connecticut on November 2, 2021

    The CDC had convened a panel of independent scientists on Tuesday to review the available data on the status of the outbreak in children, the effectiveness of Pfizer’s vaccine, and its possible side effects during a day of live-streamed discussions.

    The panel unanimously recommended the vaccine, and the CDC then endorsed that recommendation.

    The main concern was the risk of myocarditis, an inflammation of the heart muscle, detected in adolescents and young adults (mostly males) after vaccination with the Pfizer or Moderna shots.

    Health authorities have confirmed nearly 880 cases in people under 30 years of age, of which approximately 830 required hospitalization.

    Nine deaths are suspected to have been related to myocarditis after the vaccine.

    But of six cases so far reviewed, vaccine-related myocarditis was ultimately not identified as the cause of death, pediatric cardiologist Dr. Matthew Oster said in a presentation.

    ‘I’m much more worried about what would happen to their child if they get Covid, for patients who don’t have heart disease, than I am if they were to get this vaccine,’ he added. 

    The FDA’s Vaccines and Related Biological Products Advisory Committee voted 17-0-1 that benefits of the vaccine for kids aged five to 11 outweigh the potential risks.

    One member of the FDA advisory panel abstained from a vote on recommending the shot to kids last week because he said there is not enough evidence that all children need the shot. 

    Dr Michael Kurilla (pictured) was the only member to abstain  in the FDA’s advisory committee vote of 17-0-1 to recommend approval of COVID-19 vaccines in children ages five to 11

    Dr Michael Kurilla, the director of the Division of Clinical Innovation, at the National Institutes of Health’s (NIH) National Center for Advancing Translational Sciences, who was the only member to not vote ‘yes’, told DailyMail.com there were several reasons behind his abstention.  

    Kurilla says there are children at high-risk of severe Covid due to underlying conditions who would benefit from the shot, but he’s not sure if this applies to all kids in this age group.

    Additionally, he said that kids who have been infected with Covid in the past already likely have immunity because of it. 

    Kurilla added current data does not suggest the vaccine’s protection will last long enough and he is worried that antibodies will wane in children as has been seen in adults. 

    The government was well ahead of the decision, procuring enough doses for the children in the 5-11 age group and beginning to ship them across the country.

    ‘Today, we have reached a turning point in our battle against Covid-19,’ President Joe Biden said in a statement released by the White House.

    Vaccinating younger children will ‘allow parents to end months of anxious worrying about their kids, and reduce the extent to which children spread the virus to others. It is a major step forward for our nation in our fight to defeat the virus,’ the president continued.

    A mother holds her childs hand as she prepares to receive the Pfizer-BioNTech Covid-19 Vaccine for kids 5-11 at Hartford Hospital in Hartford, Connecticut on November 2, 2021

    The government has already secured enough vaccine for every child in America, he said, adding that over the weekend officials began the process of packing and shipping millions of doses.

    ‘The program will ramp up over the coming days, and (be) fully up and running during the week of November 8,’ he said.

    The vaccine will still be given in two injections, three weeks apart. The dosage has been adjusted to 10 micrograms per injection, compared to 30 micrograms for the older age groups.

    The caps on the children’s vials will be orange, making them easily recognizable compared to the purple caps on the vials for older groups.

    ‘As a mom, I encourage parents with questions to talk to their pediatrician, school nurse or local pharmacist to learn more about the vaccine and the importance of getting their children vaccinated,’ CDC director Rochelle Walensky said in a statement.  

    The expected benefits of vaccinating children also include fewer school closures, and a possible reduction in transmission of the epidemic into the general population. 

    ‘If I had a grandchild, I would certainly get that grandchild vaccinated as soon as possible,’ said Beth Bell, an infectious disease specialist and committee member on the CDC’s independent panel.

    ‘We have excellent evidence of efficacy and safety. We have a favorable risk benefit analysis.’   

    What are other countries doing about Covid-19 vaccinations for children 

    The United States is set to roll out Pfizer Inc and BioNTech SE COVID-19 vaccines for children aged 5 to 11 this week and the shots could be administered as soon as Wednesday.

    A panel of outside experts is due to meet on Tuesday to vote on how broadly the shot should be recommended in the age group by the U.S. Centers for Disease Control and Prevention (CDC). The vaccine was authorized by the U.S. Food and Drug Administration in the age group on Friday.

    But with many parts of the world still awaiting doses for more vulnerable people, the World Health Organisation has urged countries and companies that control the global supply of the vaccines to prioritize supply to COVAX.

    The following is a list of some countries that have approved or are considering vaccinating children:

    EU COUNTRIES

    • On Oct. 18, the EU’s medicines regulator said it had started evaluating the use of Pfizer and BioNTech’s COVID-19 vaccine in 5 to 11-year-old children.
    • In June, Denmark said it would offer COVID-19 shots to children aged 12-15 to boost its overall immunity against the virus.
    • France has started vaccinating those from 12 years upwards, provided they have parental consent.
    • Germany in August agreed to make vaccination available to all children aged 12-17.
    • Austria has started vaccinating children aged 12-15.
    • Estonia could start vaccinating teenagers by the autumn, public broadcaster ERR reported, citing the head of the government’s COVID-19 council.
    • Hungary started vaccinating 16 to 18-year-olds in mid-May, according to Xinhua news agency.
    • Italy on May 31 approved extending the use of Pfizer’s vaccine to 12-15 year olds. On July 28, it also endorsed the use of Moderna’s vaccine for 12-17 aged children.
    • Lithuania’s prime minister said the country could start vaccinating children from age 12 in June, news site Delfi reported.
    • Spain begun vaccinating children between 12 and 17 years old around two weeks before the academic year in September, the health minister said.
    • Swedish PM says children aged 12-15 will be offered COVID vaccine later this autumn.
    • Greece in July said children aged 12-15 could be vaccinated against COVID-19 with Pfizer/BioNTech and Moderna shots.
    • Finland’s capital Helsinki in June said it will begin giving COVID-19 vaccines to children aged 12 to 15 who are at risk of contracting a severe coronavirus infection.
    • On July 27, Ireland lowered the age for COVID-19 vaccination to 12 years.
    • Poland started offering COVID-19 vaccines to children of ages 12-15.

    EUROPE (NON-EU)

    • On Oct. 19, UK said it will open up COVID vaccine booking service to those aged 12-15.
    • Switzerland approved on June 4 vaccinating 12 to 15-year-olds with Pfizer’s shot, while Moderna’s shot was approved in August for the age group.
    • In September, Norway started to offer one dose of Pfizer and BioNTech COVID-19 vaccine to children aged 12 to 15

    MIDDLE EAST

    • In August, Israel began offering a COVID-19 booster to children as young as 12.
    • The United Arab Emirates said in August rolled out China’s Sinopharm vaccine to children aged 3-17. On Nov.1, UAE approved Pfizer-BioNtech shot for children aged 5-11 for emergency use.
    • Bahrain approved Sinopharm COVID-19 vaccine for children aged 3-11 from Oct. 27, while on Nov. 2, the Gulf state approved the Pfizer vaccine for emergency use for children aged between 5 and 11 years.

    ASIA-PACIFIC

    • Indonesia on Nov. 1 authorised China’s Sinovac vaccine for children aged 6 and above.
    • Malaysia on Oct. 29 said it would procure the Pfizer/BioNTech vaccine for children aged 5 to 11, following a U.S. expert panel’s recommendation
    • Vietnam will begin inoculating children aged 16 and 17 with parental consent from next month using the Pfizer-BioNTech vaccine.
    • An advisory committee to the Indian regulator recommended emergency use of Bharat Biotech’s COVID-19 shot in the 2 to 18 age-group. The regulator’s nod is awaited.
    • New Zealand’s medicines regulator in June provisionally approved use of Pfizer’s vaccine for 12-15 year olds.
    • Australia said on Sept. 12 it will expand its COVID-19 vaccination drive to include around one million children aged 12-15.
    • China on June 5 approved emergency use of Sinovac’s vaccine for those between three and 17.
    • Hong Kong said on June 3 it would open its vaccine scheme to children over the age of 12.
    • Singapore opened up its vaccination programme to adolescents aged 12-18 from June 1.
    • Japan on May 28 approved the use of Pfizer’s vaccine for those aged 12 and above.
    • The Philippines on May 26 decided to allow the Pfizer-BioNTech’s vaccine for emergency use in children aged 12-15.
    • Jordan in July begun vaccinating children aged 12 years and older against COVID-19.

    AMERICAS

    • The COVID-19 vaccine by Pfizer-BioNTech will be the only one used in Mexico for at-risk children aged 12-17.
    • Brazil on June 11 approved use of Pfizer’s vaccine for children over 12.
    • On Sept. 6, Chile approved the COVID-19 vaccine produced by China’s Sinovac Biotech Ltd for use in children over 6 years of age.
    • U.S. FDA has authorized the Pfizer vaccine for children aged 5 to 11 years. CDC Director Rochelle Walensky must make her recommendations before it can be rolled out.
    • Canada in early May approved use of Pfizer’s vaccine for use in children aged 12-15 but the decision for children between 5 an 11 years is not likely to come before mid- to end-November.
    • Cuba’s vaccination campaign includes children as young as two.
    • On Sept. 13, El Salvador cleared the use of COVID-19 vaccine in 6 to 11-year-old children. (https://bit.ly/30RiKe7)
    • Argentina is vaccinating children as young as three with Sinopharm COVID-19 vaccine. (https://bit.ly/3miSiCD)
    • Ecuador’s vaccination includes kids as young as six with the China’s Sinovac vaccine
    • Columbia is offering Pfizer, AstraZenenca, Moderna, Sinopharm and J&J’s COVID-19 vaccines for children 12 years and above
    • Costa Rica is vaccinating 12 years and above

    AFRICA

    • South Africa will start vaccinating children between the ages of 12 and 17 next week using the Pfizer vaccine

    Reporting by Reuters 

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    Spectators barred from Tokyo Olympics venues amid Japan’s COVID-19 state of emergency

    Fans were barred from the pandemic-postponed Tokyo Olympics which will open in two weeks, following a state of emergency issued on Thursday.

    The ban was announced by the International Olympic Committee and Japanese organizers, reducing the games to a made-for-TV event.

    Although widely expected, the move marked a sharp turnabout from just weeks earlier, when Olympic organizers said they aimed to hold the games with limited spectators.

    “It is regrettable that we are delivering the games in a very limited format, facing the spread of coronavirus infections,” Tokyo 2020 president Seiko Hashimoto said Thursday after talks between government officials, Tokyo organizers and Olympic and Paralympic representatives.

    “I am sorry to those who purchased tickets and everyone in local areas.”

    Fans from abroad were banned months ago, and the new measures announced by Japanese Prime Minister Yoshihide Suga will mean venues around Tokyo — indoor and outdoor — will not have any fans at all.

    The emergency declaration made for a rude arrival in Japan for IOC president Thomas Bach, who landed in Tokyo on Thursday just hours before the new measures were announced. He was to spend three days in self-isolation at the five-star hotel that lodges IOC members.

    Suga said the state of emergency would go into effect Monday and last through Aug. 22. This means the Olympics, opening on July 23 and running through Aug. 8, will be held entirely under emergency measures. The Paralympics open on Aug. 24.

    “Taking into consideration the impact of the delta strain, and in order to prevent the resurgence of infections from spreading across the country, we need to step up virus prevention measures,” Suga said.

    Suga, who had long favored fans in attendance, hinted at a no-fan Olympics in announcing the state of emergency.

    “I have already said I won’t hesitate to have no spectators,” he added.

    Just two weeks ago, organizers and the IOC allowed venues to be filled to 50% of capacity, but crowds not to exceed 10,000. The state of emergency has forced a late turnaround, which was always an option if cases rose.

    The main focus of the emergency is a request for bars, restaurants and karaoke parlors serving alcohol to close. A ban on serving alcohol is a key step to tone down Olympic-related festivities and keep people from drinking and partying. Tokyo residents are expected to face stay-at-home requests and watch the games on TV from home.

    “How to stop people enjoying the Olympics from going out for drinks is a main issue,” health minister Norihisa Tamura said.

    The present state of emergency ends Sunday. Tokyo reported 896 new cases on Thursday, up from 673 a week earlier. It’s the 19th straight day that cases have topped the mark set seven days prior. New cases on Wednesday hit 920, the highest total since 1,010 were reported on May 13.

    The no-fan atmosphere will include the opening ceremony at the $1.4 billion National Stadium, which is traditionally the most-watched event during the Olympics.

    “It’s not too late. Cancel or postpone it,” said Yukio Edano, the head of the Constitutional Democratic Party of Japan, the largest opposition party to Suga’s LDP.

    The uptick in infections has also forced the Tokyo city government to pull the Olympic torch relay off capital streets, allowing it to run only on remote islands off the Tokyo coast. It’s unclear how the torch will enter the stadium for the opening ceremony.

    “The infections are in their expansion phase and everyone in this country must firmly understand the seriousness of it,” Dr. Shigeru Omi, a top government medical adviser, said.

    He urged authorities to quickly take tough measures ahead of the Olympics, with summer vacations approaching.

    The Olympics are pushing ahead against most medical advice, partially because the postponement stalled the IOC’s income flow. It gets almost 75% of its income from selling broadcast rights, and estimates suggest it would lose $3 billion to $4 billion if the Olympics were canceled.

    About 11,000 Olympians and 4,400 Paralympians are expected to enter Japan, with tens of thousands of officials, judges, administrators, sponsors, broadcasters, and media also entering. The IOC says more than 80% of resident of the Olympic Village will be vaccinated.

    Nationwide, Japan has had about 810,000 cases and nearly 14,900 deaths. Only 15% of Japanese are fully vaccinated, still low compared with 47.4% in the United States and almost 50% in Britain.

    The Associated Press and Reuters contributed to this report.

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    Despite surging stocks and home prices, U.S. inflation won’t be a problem for some time

    When America’s amusement parks and baseball stadiums no longer must serve as COVID-19 mass vaccination sites, some investors believe that households pocketing pandemic financial aid from the government might start to splurge.

    While a consumer splurge could initially boost the parts of the economy devastated by the pandemic, a bigger concern for investors is that a sustained spending spree also could cause prices for goods and services to rise dramatically, dent financial asset values, and ultimately raise the cost of living for everyone.

    “I don’t think inflation is dead,” said Matt Stucky, equity portfolio manager at Northwestern Mutual Wealth Management Company. “The desire by key policy makers is to have it, and it’s the strongest it’s ever been. You will see rising inflation.”

    Wall Street investors and analysts have become fixated in recent weeks on the potential for the Biden Administration’s planned $1.9 trillion fiscal stimulus package that targets relief to hard-hit households to cause inflation to spiral out of control.

    Economists at Oxford Economics said on Friday they expect to see the “longest inflation stretch above 2% since before the financial crisis, but it’s unlikely to sustainably breach 3%.”

    Severe inflation can hurt businesses by ratcheting up costs, pinching profits and causing stock prices to fall. The value of savings and bonds also can be chipped away by high inflation over time. 

    Another worry among investors is that runaway inflation, which took hold in the late 1970s and pushed 30-year mortgage rates to near 18%, could force the Federal Reserve to taper its $120 billion per month bond purchase program or to raise its benchmark interest rate above the current 0% to 0.25% target sooner than expected and spook markets.

    At the same time, it’s not far-fetched to argue that some financial assets already have been inflated by the Fed’s pedal-to-the-metal policy of low rates and an easy flow of credit, and might be due for some cooling off.

    U.S. stocks, including the Dow Jones Industrial Average
    DJIA,
    +0.09%,
    S&P 500 index
    SPX,
    +0.47%
    and Nasdaq Composite
    COMP,
    +0.50%
    closed on Friday at all-time highs, while debt-laden companies can now borrow in the corporate “junk” bond, or speculative-grade, market at record low rates of about 4%.

    Read: Stock market stoked by stimulus hopes — what investors are counting on

    In addition to rallying stocks and bonds, home prices in the U.S. also have gone through the roof during the pandemic, despite the U.S. still needing to recoup almost as many jobs from the COVID-19 crisis as during the worst of the global financial crisis in 2008.

    This chart shows that jobs lost to the pandemic remain near to levels seen in the aftermath of that last crisis.

    Job losses need to be tamed


    LPL Research, Bureau of Labor Statistics

    Fed Chairman Jerome Powell said Wednesday that he doesn’t expect a “large or sustained” outbreak of inflation, while also stressing that the central bank remains focused on recouping lost jobs during the pandemic, as the U.S. looks to makes serious headway in its vaccination program by late July. 

    Treasury Secretary Janet Yellen on Friday reiterated a call on Friday that the time for more, big fiscal stimulus is now.

    “Broadly, the guide is, does it cost me more to live a year from now than a year prior,” Jeff Klingelhofer, co-head of investments at Thornburg Investment Management, said about inflation in an interview with MarketWatch.

    “I think what we need to watch is wage inflation,” he said, adding that higher wages for upper income earners were mostly flat for much of the past decade. Also, many lower-wage households hardest hit by the pandemic have been left out of the past decade’s climb in financial asset prices and home values, he said.

    “For the folks who haven’t taken that ride, it feels like a perpetuation of inequality that’s played out for some time,” he said, adding that the “only way to get broad inflation is with a broad overheating of the economy. We have the exact opposite. The bottom third are no where near overheating.”

    Klingelhofer said it’s probably also a mistake to watch benchmark 10-year Treasury yields for signs that the economy is overheating and for inflation since, “it’s not a proxy for inflation. It’s just a proxy for how the Fed might react,” he said.

    The 10-year Treasury yield
    TMUBMUSD10Y,
    1.209%
    has climbed 28.6 basis points in the year to date to 1.199% as of Friday.

    But with last year’s sharp price increases, is the U.S. housing market at least at risk of overheating?

    “Not at current interest rates,” said John Beacham, the founder and CEO at Toorak Capital, which finances apartment buildings and single family rental properties, including those going through rehabilitation and construction projects.

    “Over the course of the year, more people will go back to work,” Beacham said, but he added that it’s important for policy makers in Washington to provide a bridge for households through the pandemic, until spending on socializing, sporting events, concerts and more can again resemble a time before the pandemic.

    “Clearly, there likely will be short-term consumption increase,” he said. “But after that it normalizes.”

    The U.S. stock and bond markets will be mostly closed on Monday for the Presidents Day holiday.

    On Tuesday, the only tidbit of economic data comes from the New York Federal Reserve’s Empire State manufacturing index, followed Wednesday by a slew of updates on U.S. retail sales, industrial production, home builders data and minutes from the Fed’s most recent policy meeting. Thursday and Friday bring more jobs, housing and business activity data, including existing home sales for January.

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