Tag Archives: warns

LeBron warned for flopping; NBA also warns teammate Kuzma

LeBron James was warned Saturday for violating the NBA’s anti-flopping rule after a play in which the superstar appeared to fall dramatically with little or no contact.

The league also warned teammate Kyle Kuzma for flopping in the same game, the Los Angeles Lakers’ 115-105 victory over Memphis on Friday.

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James was between two Memphis players when teammate Anthony Davis took a shot from the other side of the court. James fell backward and threw his arms into the air, and a foul was called as the Grizzles players looked on in frustration.

Kuzma was defending against Dillon Brooks when he spun all the way around and tumbled across the baseline.

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Flopping penalties have been infrequent in recent years after the league began cracking down on the act of trying to fool referees into calling fouls by initiating penalties in the 2012-13 season. After a first-time warning, a player is fined $5,000 fine for a second offense.



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CDC warns of possible listeria outbreak in ‘Hispanic-style’ cheese

The Centers for Disease Control and Prevention is warning people to steer clear of Hispanic-style cheese it believes is linked to a listeria outbreak that has spread to New York.

The agency said Friday it has not pinpointed the specific source of the virus, but suspects the specific cheese is involved.

“Don’t eat any Hispanic-style fresh and soft cheeses (like queso fresco, queso blanco, and queso panela), until we identify a specific type or brand that is making people sick,” the agency wrote in an advisory on Friday.

Seven people between the ages of 45 and 75, have become ill and were hospitalized with the sickness between Oct. 20 and Feb. 11, according to the CDC.

Six of the cases were identified this year. Four were found in Maryland, one in Virginia, one in New York and one in Connecticut.

At least four people interviewed by health officials reported eating at least one Hispanic-style fresh cheese prior to becoming ill.

Pregnant people and those 65 and older are at a higher risk of becoming seriously ill from the bacteria and can experience symptoms as minor as fever, fatigue and muscle aches — and as severe as suffering a miscarriage, the agency said.

No recalls have been issued yet.

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Myanmar coup: Military warns protesters not to destroy democracy as protests grow

In a statement on the government-run MRTV channel, the military warned that “democracy can be destroyed” without discipline, and that people who “harm the state’s stability, public safety and the rule of law” could face legal action.

It came as concerns are growing that the junta will crack down on tens of thousands of people protesting against the February 1 coup, after the military imposed a curfew and restrictions on public gatherings in the second largest city, Mandalay, amid threats to use live ammunition against demonstrators.

Notices have been issued to several townships in Mandalay imposing a curfew from 8 p.m. until 5 a.m., according to official notices posted to social media and translated by CNN.

Public gatherings of more the five people, joining marches on foot or in a car, and public speeches have been prohibited in parts of the city, the notice said, citing that people are at risk of causing a riot by carrying out “worrisome behaviors that could affect the public peace and rule of law.”

Those arrested could face prosecution under Section 144 of the Criminal Code for “unlawful assembly.” Section 144 has been used in the past as a way to stop lawful protests and to justify violent crackdowns on mass demonstrations.

For a fourth straight day Tuesday, thousands of people gathered in the capital, Naypyidaw, against the military takeover and called for the release of detained civilian leader Aung San Suu Kyi and other elected lawmakers.

Riot police used water cannon against protesters who had assembled near a barricade on a main road in the capital. The demonstrators could be heard chanting “people’s police.” Police warned on loudspeakers that force could be used if the protesters did not leave the area.

It was the second day that police had used water cannon against protesters in Naypyidaw. On Monday, protesters chanted anti-coup slogans and demanded power be handed back to elected leaders. Demonstrators dispersed after police told them they would fire live ammunition if they crossed a police line on one of the city’s main roads.

On Monday, protesters in the biggest city, Yangon, marched toward Sule Pagoda in the former capital’s downtown chanting and holding up the anti-government three-finger salute from the “Hunger Games” movie franchise that became a popular protest sign during the 2014 coup in neighboring Thailand. Sule Pagoda was at the center of anti-government demonstrations that were violently suppressed by the military in 1988 and 2007.

On live feeds posted on social media, protesters could be heard shouting “the people stand together against the dictator’s government” and held banners with portraits of Suu Kyi’s face.

Members of the Student Union led the first wave of protesters, with teachers and engineers joining the Yangon crowd. Saffron-clad monks could be seen supporting the crowd standing outside temples, raising the three-finger salute, and waving.

“We are not going to allow this military dictatorship to pass on to our next generation. We will continue our protest until this dictatorship fails,” Yangon resident Soe Maung Maung said.

The US State Department said that it was “very concerned” about military-imposed restrictions on public gatherings and offered support for the country’s peaceful protests.

“We stand with the people who support their right to assemble peacefully, including to protest peacefully in support of the democratically elected governments, and the right to freedom of expression, including the freedom to seek to receive to impart information both online and offline,” said spokesman Ned Price.

United Nations spokesperson Stephane Dujarric said that measures imposed by Myanmar’s military rulers, such as rolling internet blackouts, are “concerning” and limit abilities of citizens to speak up. The UN Human Rights Council will hold a special session on Myanmar on Friday.
Protesters have been contending with widespread internet and communications restrictions since last week’s coup with mobile data networks and social media sites Facebook, Twitter and Instagram intermittently blocked.

In his first public televised address since seizing power, Gen. Min Aung Hlaing on Monday told citizens to prioritize “facts” not “feelings,” pledged to hold “free and fair” elections and hand over power to the winner.

Min Aung Hlaing justified his army’s seizure of power by claiming Myanmar’s electoral commission used the Covid-19 pandemic as an excuse to not allow fair campaigning, and said “no organization is above national interest.”

He did not say when elections would be held but repeated claims the November 2020 poll — in which Suu Kyi’s National League for Democracy Party (NLD) won an overwhelming victory — was fraudulent. The state of emergency, imposed when Min Aung Hlaing seized power, is in place for one year.

The election commission has denied the claims, saying any irregularities would not have been enough to change the overall result.

In his address, Min Aung Hlaing said that a new election commission had been formed and it is inspecting the voting lists.

Analysts have said the military’s justification of its takeover does not stand up because the seizure of power was illegal, and in doing so the military violated its own constitution that it drafted in 2008.

“The military claims that its actions are according to the constitution. But this is a coup and the military have bent the rules to suit their interests. It is hard now for anyone to take the military-drafted 2008 constitution seriously,” said Melissa Crouch, law professor at University of New South Wales, Australia and author of “The Constitution of Myanmar.”

Civilian leader Suu Kyi has been held incommunicado since she was detained hours before the military took control. She is under house arrest, charged with breaching the import-export law, while ousted President Win Myint is accused of violating the natural disaster management law — charges that have been described as “trumped up.”

Myanmar human rights organization, Assistance Association for Political Prisoners (AAPP) has documented at least 133 government officials and legislators, and 14 activists detained since the coup.

“There is reasonable concern that the military junta will transform these peaceful demonstrations into a riot and take advantage of the instability,” AAPP joint-secretary Bo Kyo said.

“Whenever state institutions are unstable it is the most marginalized sections of society who suffer, the military has form in finding blame in someone or other group. This must not be allowed to happen. The peaceful march towards democracy must succeed.”

CNN’s Pauline Lockwood, Radina Gigova and Richard Roth contributed reporting.

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Coronavirus live news: WHO warns ‘vaccine nationalism will spawn new Covid mutations’ | World news













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Reserve Bank forecasts Australian economy will return to pre-pandemic size by mid-year

Australia’s economy is expected to recover to its pre-pandemic size by the middle of this year – six to 12 months early – the Reserve Bank governor has revealed.

On Wednesday, Philip Lowe released the bank’s revised projections showing a faster than expected recovery during the Covid-19 recession is expected to translate to growth of 3.5% this year and next, with unemployment set to fall to 6% in 2021.

But despite the positive news, Lowe warned in a speech to the National Press Club that withdrawal of wage subsidies in March will cause “some slowing in employment growth”, and the recovery is at risk from fresh coronavirus outbreaks or bouts of saving:













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Treasury, World Bank stress need to improve vaccine access for poorest countries













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Mexico nears approval of Russia vaccine













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Merkel says all approved vaccines welcome after Russian Sputnik posts strong data













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Macron makes ‘end of summer’ vaccine pledge to France













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WHO warns ‘vaccine nationalism will spawn new Covid mutations’













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Summary



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Lindsey Graham Warns Not to Allow ‘QAnon Shaman’ Impeachment Testimony, Says Trial Could ‘Go For Months’

Sen. Lindsey Graham (R-S.C.) has warned against allowing “QAnon Shaman” Jacob Chansley to testify at former President Donald Trump’s unprecedented second impeachment trial.

Chansley, also known as Jake Angeli, is facing multiple charges for his participation in the insurrection that the article of impeachment alleges the former president incited on January 6. Although Graham denounced the House for impeaching Trump on January 13 without calling any witnesses, on Friday the senator said that allowing witnesses at the Senate trial could lead to a lengthy “circus” featuring testimony from the likes of Chansley.

“I cannot think of a better way to turn the upcoming impeachment trial into a complete circus than to call the QAnon Shaman as a witness on anything,” Graham tweeted. “The House impeached President Trump without a witness. If we open the witness door in the Senate there will be lots of witnesses requested on a variety of topics. And the trial will go for months, not days.”

Chansley was the subject of photos that quickly went viral after the Capitol was violently breached by pro-Trump rioters. The shirtless “shaman” was pictured wearing a memorable outfit that included a furry horned hat and patriotic face paint.

Although Chansley had been a devoted follower of Trump and is closely associated with the elaborate and false pro-Trump QAnon conspiracy theory, he has reversed course since being arrested and now says he is willing to testify against the former president.

“QAnon Shaman” Jacob Chansley is pictured at a “Stop the Steal” rally for former President Donald Trump held shortly before the U.S. Capitol was violently breached in Washington, D.C. on January 6, 2021.
Robert Nickelsberg/Getty

Albert Watkins, Chansley’s defense attorney, said that his client has come to believe that he was “made the fool” by Trump during a Friday phone interview with Newsweek, while insisting that an impeachment trial without Chansley would be more like a “circus” than one with him.

“He has come to the conclusion and been made acutely aware of the fact that what has happened is instead of being the patriot who’s trying to help his president save his country, he was made the fool,” said Watkins. “If there’s going to be something more than a circus proceeding with clowns doing backflips during the impeachment proceedings, you have to have someone who was incited testify.”

Prior to Trump’s exit from the White House on January 20, Watkins urged the former president to issue a full pardon to Chansley and others who had been “peaceful and compliant” during the riots, which he said happened at the “invitation of a president.”

The violent breach, featuring rioters who indicated that they believed Trump’s false claims of massive election fraud as Congress met to certify President Joe Biden’s Electoral College win, resulted in the deaths of five people. Chansley is not accused of being directly responsible for any of the deaths.

Newsweek reached out to Graham’s office for comment.

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Cable ISP warns “excessive” uploaders, says network can’t handle heavy usage

Mediacom, a cable company with about 1.4 million Internet customers across 22 states, is telling heavy uploaders to reduce their data usage—even when those users are well below their monthly data caps.

Mediacom’s fastest Internet plan offers gigabit download speeds and 50Mbps upload speeds with a monthly data cap of 6TB. But as Stop the Cap wrote in a detailed report on Wednesday, the ISP is “reach[ing] out to a growing number of its heavy uploaders and telling them to reduce usage or face a speed throttle or the possible closure of their account.” Mediacom told Ars that it is contacting heavy uploaders “more frequently than before” because of increased usage triggered by the COVID-19 pandemic. The company said that heavy uploaders “may be under their total bandwidth usage allowance but still have a negative impact on Mediacom’s network.”

Mediacom’s terms and conditions say the company charges $10 fees for each additional block of 50GB used by customers who exceed the data cap. But users may be warned about their usage long before they risk overage fees. One user in East Moline, Illinois, who described the predicament on a DSLReports forum in early January, said they paid for the 6TB plan “to make sure we wouldn’t go over the cap” and had never used more than 4TB. The user wrote:

So, got a call from the Mediacom fraud and abuse department today. The rep told me they were calling customers that have “higher than average” bandwidth usage as they are having network issues. I hurried up and checked my account and only used a bit over 2.5TB last month. He told me my upload was 450GB over their average and if I didn’t reduce my usage they would either throttle or disconnect me. I argued that I used less than half of the total data allowed by my plan, but he said my 1.2TB of upload was too much and that this was my warning.

Another gigabit user in Missouri named Cory told Stop the Cap that the 6TB monthly cap “is way more than I will ever use, but I still received a warning letter claiming I was uploading too much. I discovered I used about 900GB over the last two months, setting up a cloud backup of my computer. At most I can send files at around 50Mbps, which they claim is interfering with other customers in my neighborhood. I don’t understand.”

Too much usage in “Mediacom’s sole opinion”

Letters sent by Mediacom to heavy uploaders said, “your account’s usage is greater than 99.5 percent of all Service customers. Due to your excessive use, you are negatively impacting Mediacom’s network and other users of the Service.”

The letter goes on to say that it’s a “violation” of Mediacom’s acceptable use policy to “use excessive bandwidth, whether upstream or downstream, that in Mediacom’s sole opinion, places an unusually large burden on the network or goes over normal usage. Mediacom has the right to impose limits on excessive bandwidth consumption via any means available to Mediacom.”

Mediacom provided slightly more detail to the Federal Communications Commission in response to customer complaints. A Mediacom letter to the FCC said the company’s “network is built to allow for more downstream usage than upstream usage.” Mediacom’s letter to the FCC also described the data cap as “a large conduit with a smaller conduit within it… Due to historical trends, the smaller conduit allows for upstream usage while the remainder of the conduit is reserved for downstream usage.” Heavy upload use can stress that “smaller conduit,” meaning that customers “can be under the total data usage allowance but still be negatively impacting the network.”

Mediacom blames pandemic

Even without the overall data caps, Mediacom’s Internet plans have built-in limits on uploading. While the gigabit-download plan limits uploads to 50Mbps, the 60Mbps-download plan limits uploads to just 5Mbps and the 100Mbps-download plan limits uploads to 10Mbps. The 60/5Mbps plan has a 200GB monthly cap, and the 100/10Mbps plan has a 1TB cap.

We asked Mediacom why it hasn’t upgraded its network enough to fully support the upload speeds and data allotments that its customers pay for, but we didn’t receive an answer. New versions of the Data Over Cable Service Interface Specification (DOCSIS), which have been heavily hyped by the cable industry, can support symmetrical download and upload speeds of 10Gbps. Even an earlier version of the DOCSIS 3.1 standard that’s now widely deployed theoretically allows 10Gbps downloads and 1Gbps upload speeds. But the cable industry has been slow to raise upload speeds.

When contacted by Ars, Mediacom pointed to cable-industry statistics showing 31.8 percent growth in downstream traffic and 51.1 percent growth in upstream traffic since the pandemic ramped up in March 2020. Mediacom spokesperson Thomas Larsen also told us:

Given the surge in traffic during the pandemic, we have been reaching out to the customers who fall into the top 0.5 percent of upstream users more frequently than before. This is not the easiest topic to explain because Internet usage is growing rapidly in this work from home/study from home environment, so it is difficult to give an exact number that puts a customer into the 0.5 percent category because that number changes from month to month.

Ideally, we can help the customer identify the cause of the upstream overutilization issue and help them take steps to manage it. We can offer business class services that are designed to support greater upload capacity, but that’s really not the point of this exercise.

Mediacom also contacts heavy download users “when their usage negatively impacts” other customers, Larsen said. “Since our network is engineered to be able to handle significantly more downstream traffic, this happens less frequently.”

As for whether customers who don’t lower their usage will face throttling or account terminations, Larsen said, “use that causes a negative impact on Mediacom’s network is prohibited and Mediacom may implement necessary network programs to address such use or suspend or terminate the service.”

Switching ISPs “not an option”

Mediacom’s handling of uploaders is reminiscent of steps taken by Cox Communications earlier in the pandemic. Cox imposed neighborhood-wide slowdowns in some cases, reducing the gigabit-download plan’s upload speeds from 35Mbps to 10Mbps. Mediacom doesn’t appear to have done anything that drastic, but telling users to reduce their upload usage when they haven’t even come close to hitting their data caps is frustrating for customers.

“If there were any other Internet options other than horribly slow AT&T DSL, with a small data cap, I would switch in a heartbeat,” the Mediacom customer in Illinois who posted on the DSLReports forum wrote. “Unfortunately with my job and working from home, going without usable Internet is not an option.”

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United Airlines warns thousands of workers that their jobs are at risk

A United Airlines Boeing 737-800 and United Airlines A320 Airbus on seen approach to San Francisco International Airport, San Francisco.

Louis Nastro | Reuters

United Airlines said the jobs of roughly 14,000 employees are at risk when a second round of federal aid expires this spring, the latest sign of how the industry is struggling to regain its footing in the coronavirus pandemic.

Companies are legally required to inform employees if their jobs are at risk in advance and it does not mean they will ultimately lose their employment. United is turning to new voluntary measures to reduce its headcount.

United and American Airlines recently started recalling thousands of employees they furloughed when the first round of government payroll support expired in the fall. Congress approved additional aid last year for the industry, on the condition that they call back furloughed workers and maintain payrolls until March 31. United told employees last year that the callbacks would likely be temporary.

“Despite ongoing efforts to distribute vaccines, customer demand has not changed much since we recalled those employees,” the airline said in a staff note Friday, which was seen by CNBC. “When the recalls began, United said most recalled employees would return to their previous status as a result of the fall furloughs around April 1.”

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‘For Christ’s sake, watch yourself’: Biden warns family over business dealings

Relatives’ money-making ventures, most prominently his son Hunter’s overseas dealings, have long dogged Biden. But it’s taking on a new dimension now that he’s in the White House.

Only a week into his presidency, Biden already has had to answer for matters related to his family. A law firm ad promoting Frank Biden’s relationship with the president caused a stir when it ran on Inauguration Day. A federal investigation into Biden’s son, Hunter, has invited scrutiny of just how strict a firewall he’ll keep between the White House and the Justice Department. And another of the president’s brothers, James, has previously come under fire for his business dealings.

Florida super attorney and Democratic donor John Morgan said business sensitivities were coursing through Bidenworld this week after the report about Frank Biden’s law firm.

“What Frank told me is ‘my brother loves me dearly, but if I lobbied, he would cut my legs from underneath me,” Morgan said Frank Biden told him this week.

The intent of Joe Biden’s initial conversation, according to the person with knowledge of the discussion, was to protect Frank from “being hurt and vilified” in the event his big brother, “Joey,” was elected to the most powerful position in the world.

“Frank made it clear to me what the president made clear to him: The day he got elected, the long knives came out for all things Biden,” Morgan said. “There’s a target on all of them.”

One person interested in working with Frank Biden was Morgan himself, a fellow Floridian who is close to the younger Biden.

“Great guy,” Morgan said of Frank Biden. “I had my jet take him to the inauguration.”

Morgan said he’d started talking with Frank Biden about business opportunities last year but that nothing had come together yet. “We are talking about him doing some things inside the law firm,” Morgan said, referring to his firm, Morgan & Morgan, which bills itself as “America’s Largest Injury Law Firm.”

Any partnership would have a “100 percent legal focus” and wouldn’t involve any lobbying, Morgan added.

There is no evidence of wrongdoing tied to their discussions or violations of ethics rules. Frank Biden is a private citizen. Morgan does not lobby the federal government.

Frank Biden is not a lawyer but works as a senior adviser at another Florida-based law firm, the Berman Law Group. Morgan is a prominent Democratic donor who gave $355,000 to the Biden Victory Fund in August, according to campaign finance records.

Frank Biden’s business partner, Joe Abruzzo, was also involved in a preliminary discussion about the potential business with Morgan and Frank Biden, but pulled out after he was elected Palm Beach County clerk of the circuit court and comptroller.

“As a businessman for years, Frank is inundated with offers and opportunities,” said Abruzzo, who is also one of Frank’s closest friends. “He tends to focus on what he is passionate about: education and social justice issues.”

He added, “John and Frank are good friends and it is not surprising to those who know them that they have engaged in conversations.”

A source with knowledge of the conversations said Thursday, “It is extremely unlikely that there is going to be any business arrangement between Frank Biden and John Morgan.”

Renewed discussion about Biden’s family business ties come after a campaign in which former President Donald Trump relentlessly hammered Hunter Biden for his past dealings in China and Ukraine. Asked about his family’s business ties on the campaign trail in 2019, Biden, then the Democratic front-runner, vowed he would build an “absolute wall” between the White House and his relatives. He also pledged that, if elected, no one in his family would serve on foreign boards. In December, Hunter Biden acknowledged an existing federal investigation into his taxes.

Though nothing was in place, word of the discussions between Morgan and Frank Biden have bounced around Biden’s orbit after he won the presidential election. One person in Bidenworld took calls from senior Biden campaign officials, Florida lobbyists and Washington insiders who had all gotten wind of the conversations. Most expressed shock that Frank Biden was so quickly engaged in talks about new business opportunities, given the uproar his professional dealings caused during his brother’s presidential campaign, the person said.

Frank Biden has long run business ventures in Florida, including with charter schools, and has told others he has no intention of taking on any new work in Washington, D.C. He remains with Berman Law Group and is involved in the firm’s work fighting against sugar companies that burn sugar cane as part of their business practice.

Frank’s work on the case drew headlines this week after CNBC reported the law firm was touting his relationship with his brother, the new president, in an advertisement.

“My brother is a model for how to go about doing this work,” Frank Biden says in an ad that ran in the Daily Business Review, according to the CNBC report. “One of his central tenets is that one should never question another man’s or woman’s motives or assign blame to them. That way, you avoid creating a disparity that prevents any kind of coming together. You can of course question someone’s judgment, and that’s what we’re doing by bringing this to court.”

Asked about the ad on Thursday, a White House official said, “It is this White House’s policy that the President’s name should not be used in connection with any commercial activities to suggest, or in any way that could reasonably understood to imply, his endorsement or support.”

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Goldman Sachs warns of a dangerous bubble in these 39 hot stocks

TipRanks

3 Top Dividend Stocks With Growth Opportunity; Goldman Sachs Says ‘Buy’

Investing is all about finding profits, and investors have long seen two main paths toward that goal. Growth stocks, equities that will give a return based mainly on share price appreciation, are one route. The second route lies through dividend stocks. These are stocks that pay out a percentage of profits back to shareholders – a dividend, usually sent out quarterly. The payments vary widely, from less than 1% to more than 10%, but the average, among stocks listed on the S&P 500, is about 2%. Dividends are a nice addition for a patient investor, as they provide a steady income stream. Goldman Sachs analyst Caitlin Burrows has been looking into the real estate trust segment, a group of stocks long-known for dividends that are both high and reliable – and she sees plenty of reason to expect strong growth in three stocks in particular. Running the trio through TipRanks’ database, we learned that all three have been cheered by the rest of the Street as well, as they boast a “Strong Buy” analyst consensus. Broadstone Net Lease (BNL) First up, Broadstone Net Lease, is an established REIT that went public this past September in an IPO that raised over $533 million. The company put 33.5 million shares on the market, followed by another 5 million-plus picked up by the underwriters. It was considered a successful opening, and BNL now boasts a market cap over $2.63 billion. Broadstone’s portfolio includes 628 properties across 41 US states plus the Canadian province of British Columbia. These properties host 182 tenants and are worth an aggregate of $4 billion. The best feature here is the long-term nature of the leases – the weighted average remaining lease is 10.8 years. During the third quarter, the most recent with full financials available, BNL reported a net income of $9.7 million, or 8 cents per share. The income came mainly from rents, and the company reported collecting 97.9% of rents due during the quarter. Looking ahead, the company expects $100.3 million in property acquisitions during Q4, and an increased rent collection rate of 98.8%. Broadstone’s income and high rent collections are supporting a dividend of 25 cents per common share, or $1 annually. It’s a payment affordable for the company, and offering investors a yield of 5.5%. Goldman’s Burrows sees the company’s acquisition moves as the most important factor here. “Accretive acquisitions are the key earnings driver for Broadstone… While management halted acquisitions following COVID-induced market uncertainty (BNL did not complete any acquisitions in 1H20) and ahead of its IPO, we are confident acquisitions will ramp up in 2021, and saw the beginning of this with 4Q20 activity… We estimate that BNL achieves a positive investment spread of 1.8%, leading to 0.8% of earnings growth (on 2021E FFO) for every $100mn of acquisitions (or 4.2% on our 2021E acquisition volumes),” Burrows opined. To this end, Burrows rates BNL a Buy, and her $23 price target implies an upside of ~27% for the year ahead. (To watch Burrow’s track record, click here) Wall Street generally agrees with Burrows on Broadstone, as shown by the 3 positive reviews the stock has garnered in recent weeks. These are the only reviews on file, making the analyst consensus rating a unanimous Strong Buy. The shares are currently priced at $18.16, and the average price target of $21.33 suggests a one-year upside of ~17%. (See BNL stock analysis on TipRanks) Realty Income Corporation (O) Realty Income is a major player in the REIT field. The company holds a portfolio worth more than $20 billion, with more than 6,500 properties located in 49 states, Puerto Rico, and the UK. Annual revenue exceeded $1.48 billion in fiscal year 2019 (the last with complete data), and has kept up a monthly dividend for 12 years. Looking at current data, we find that O posted 7 cents per share income in 3Q20, along with $403 million in total revenue. The company collected 93.1% of its contracted rents in the quarter. While relatively low, a drill-down to the monthly values shows that rent collection rates have been increasing since July. As noted, O pays out a monthly dividend, and has done so regularly since listing publicly in 1994. The company raised its payout in September 2020, marking the 108th increase during that time. The current payment is 23.45 cents per common share, which annualizes to $2.81 cents – and gives a yield of 4.7%. Based on the above, Burrows put this stock on her Americas Conviction List, with a Buy rating and a $79 price target for the next 12 months. This target implies a 32% upside from current levels. Backing her stance, Burrows noted, “We estimate 5.3% FFO growth per year over 2020E-2022E, versus an average of 3.1% fo rour full REIT coverage. We expect key earnings drivers will include a continued recovery in acquisition volumes and a gradual improvement in theater rents (in 2022).” The analyst added, “We assume O makes $2.8 billion of acquisitions in each of 2021 and 2022, versus the consensus expectation of $2.3 billion. [We] believe our acquisition volume assumptions could in fact turn out to be conservative as, eight days into 2021, the company has already made or agreed to make $807.5 mn of acquisitions (or 29% of our estimate for 2021).” Overall, Wall Street takes a bullish stance on Realty Income shares. 5 Buys and 1 Hold issued over the previous three months make the stock a Strong Buy. Meanwhile, the $69.80 average price target suggests ~17% upside from the current share price. (See O stock analysis on TipRanks) Essential Properties Realty Trust (EPRT) Last up, Essential Properties, owns and manages a portfolio of single-tenant commercial properties across the US. There are 214 tenants across more than 1000 properties in 16 industries, including car washes, convenience stores, medical services, and restaurants. Essential Properties boasts a high occupancy rate of 99.4% for its properties. In 3Q20, the company saw revenue increase of 18.2% year-over-year, reaching $42.9 million. Essential Properties finished the quarter with an impressive $589.4 million in available liquidity, including cash, cash equivalents, and available credit. The strong cash position and rising revenues had the company confident enough to raise the dividend in going into Q4. The new dividend payment is 24 cents per common share, up 4.3% from the previous payment. The current rate annualizes to 96 cents, and gives a yield of 4.6%. The company has been raising its dividend regularly for the past two years. In her review for Goldman, Burrows focuses on the recovery that Essential Properties has made since the height of the COVID panic last year. “When shelter in place mandates went into effect in early 2020, only 71% of EPRT’s properties were open (completely or on a limited basis). This situation has improved in the intervening months and now just 1% of EPRT’s portfolio is closed… We expect EPRT’s future earnings growth to be driven by acquisition accretion and estimate 2.8% potential earnings growth from $100 mn of acquisitions,” Burrows wrote. In line with her optimistic approach, Burrows gives EPRT shares a Buy rating, along with a $26 one-year price target, suggesting a 27% upside. All in all, EPRT has 9 recent analyst reviews, and the breakdown of 8 Buys and 1 Sell gives the stock a Strong Buy consensus rating. Shares are priced at $20.46 and have an average price target of $22.89, giving ~12% upside potential from current levels. (See EPRT stock analysis on TipRanks) To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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UK doctor warns world may need annual COVID-19 vaccine due to variants

The emergence of new variants of the virus that causes Covid-19—including one in the U.K. that British officials say could be more deadly than earlier versions—signals a future in which health authorities are locked in a cat-and-mouse battle with a shape-shifting pathogen.

Faster-spreading coronavirus strains that researchers fear could also make people sicker or render vaccines less effective threaten to extend lockdowns and lead to more hospitalizations and deaths, epidemiologists caution. But, they said, it doesn’t mean the contagion can’t be contained.

“We’re living in a world where coronavirus is so prevalent and rapidly mutating that there are going to be new variants that pop up,” Anthony Harnden, a physician who advises the U.K. government, told Sky News. “We may well be in a situation where we end up having to have an annual coronavirus vaccine” to cope with emerging strains.

SERIAL KILLER INVITED TO GET COVID VACCINE BEFORE ELDERLY IGNITES OUTRAGE

People exercise along the bank of the River Thames in London, Saturday, Jan. 23, 2021, during England’s third national lockdown since the coronavirus outbreak began. The U.K. is under an indefinite national lockdown to curb the spread of the new variant, with nonessential shops, gyms and hairdressers closed, and people being told to stay at home. (AP Photo/Kirsty Wigglesworth)

As the new variant in the U.K. has spread across the country, hospitals have been under more strain than they were in the first wave of the pandemic in the spring, and the national Covid-19 death toll is expected to surpass 100,000 in coming days. But in the week ended Sunday, new daily cases were down 22% from the previous seven days.

Matt Hancock, the U.K.’s health secretary, said that was because of national restrictions in place since the start of the year. But in a television interview, Mr. Hancock warned, “We are a long, long, long way” before cases would be low enough for restrictions to be lifted.

The U.K. variant is one of several that have emerged in recent months to cause concern among researchers. Others have emerged in South Africa and Brazil.

Anthony Fauci, President Biden’s chief medical adviser for the Covid-19 pandemic, said on CBS on Sunday that U.S. authorities need to expand genomic surveillance to identify variants of the virus.

Dr. Fauci said current vaccines remain effective. “What we will do and are doing already is making preparations for the possibility that down the pipe, down the line, we may need to modify and upgrade the vaccines. We don’t need to do that right now,” he said. “The best way to prevent the further evolution of these mutants is to vaccinate as many people as possible with the vaccines that we have currently available to us.”

Jeffrey Barrett, director of the Covid-19 Genomics Initiative at the Wellcome Sanger Institute, said the huge number of cases around the world has given the virus a lot of opportunities to evolve in ways not seen earlier in the pandemic.

“We’re going to have to really contend with these new variants in the virus in the next phase of the pandemic,” he told an online seminar last week. “Something happened that basically allowed a new constellation of mutations to arise,” presenting scientists with new challenges.

The variants likely delay the day when life can get back closer to normal thanks to vaccines and raise the prospect of outbreaks of infections periodically even after large numbers of people are inoculated. And their emergence also suggests that international travel restrictions—where governments impose bans on people coming from places where more troubling versions of the virus are prevalent—could be in place intermittently for years.

The likelihood that many people in poorer countries won’t have access to vaccines for some time suggests that more new variants will be incubating around the world even if levels of immunity in the developed world are high enough to curb the virus’s spread.

The U.K. announcement on Friday that the British variant that now dominates infections across the country—and is also well-entrenched in the U.S.—could be more deadly than earlier versions of the virus is preliminary and could be unduly pessimistic.

It is based on the assessment of an expert advisory panel to the government that in turn used four separate academic studies of raw data to decide that there was a “realistic possibility” that the variant was deadlier.

The studies suggested that a greater proportion of people with this variant were ending up in the hospital or dying. It didn’t suggest that once in the hospital a patient was more likely to die than if he or she had been hospitalized with an earlier variant.

Faster-spreading variants imply that, for any given level of restrictions, cases will rise more rapidly or fall more slowly than with earlier versions. That suggests lockdowns, other things being equal, would have to last longer to bring cases down.

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So far, scientists haven’t seen evidence the British variant, first identified in someone in the southeast of England in September, is more resistant to vaccines. But another variant first identified in South Africa has a mutation that could lower the effectiveness of vaccines.

As vaccination programs roll out across the world, they should start to reduce the numbers of people who are seriously ill. If vaccines also confer some immunity as well as prevent serious illness—something so far unknown—they will turn the case curve downward.

Vaccine-resistant variants would slow such downward momentum until scientists tweak vaccines to capture the new variants, too. Some new vaccine technologies, such as those used in the two mRNA vaccines now authorized in the U.S., could be adjusted relatively quickly to deal with new mutations.

Coronaviruses mutate less frequently than certain others, such as influenza viruses that demand an annual vaccination to cope with new variants. However, the virus responsible for Covid-19 appears to be mutating frequently enough to suggest that vaccinated people may need further shots periodically to keep up their protection from the virus.

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The good news in the U.K. is that its vaccination program is moving ahead rapidly, faster than any of its European peers. Up to Saturday, nearly 6.4 million people have received at least one coronavirus vaccine dose, and Mr. Hancock said three-quarters of people over the age of 80, as well as people in three-quarters of nursing homes across the country, had received a shot.

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