Categories
Sports

Serge Aurier’s brother has died, Tottenham confirm, amid shooting reports – Sky Sports

Reports in France claim Christopher Aurier was shot at a nightclub in Toulouse, with French police source saying gunman is still at large

Last Updated: 13/07/20 1:18pm

Serge Aurier has been at Spurs since 2017

Serge Aurier has been at Spurs since 2017

Serge Aurier has been at Spurs since 2017

Tottenham have confirmed that defender Serge Aurier’s brother died in the early hours of Monday morning, amid reports of a shooting.

A Tottenham statement read: “The club is deeply saddened to confirm media reports that Serge Aurier’s brother passed away in the early hours of this morning.

“We are supporting Serge at this difficult time and we ask that the privacy of the player and his family is respected.

“Everybody at the club sends their sincerest condolences to Serge and his family.

“Our thoughts are with them all.”

According to reports in France, Christopher Aurier was shot at a nightclub in the early hours of Monday morning in the southern city of Toulouse.

The suspected gunman fled the scene and is being sought by police, according to a French police source.

The younger of the two brothers, Christopher Aurier was also a footballer and played for Rodeo Toulouse in the French fifth division last season.

Serge Aurier, who is 27, joined Spurs in 2017 from Paris Saint-Germain, and is the captain of the Ivory Coast.

He played the full 90 minutes during Tottenham’s 2-1 derby win over Arsenal on Sunday.

PSG’s French forward Kylian Mbappe tweeted his support to the Spurs player, writing: “Je suis avec toi (I am with you)”.

Categories
Business News

Retail inflation growth at 6.09% in June: Government data – The Indian Express

By: Express Web Desk | New Delhi | Updated: July 13, 2020 5:57:05 pm

Factory output shrinks, spike in retail inflation

Factory output shrinks, spike in retail inflation

India’s retail inflation, grew 6.09 per cent in the month of June, according to the latest data released by the Ministry of Statistics & Programme Implementation (MoSPI).

The government had not released the headline retail inflation data in April and May. However, in April, it had revised the CPI data for the month of March to 5.84 per cent from 5.91 per cent.

More to follow

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Categories
Economy News

Markets strengthen amid economic recovery hopes – business live – The Guardian

The ONS has looked at how households were set-up to cope with a loss of income when lockdown hit.

Using data from its wealth and assets survey, it found households where the head works in accommodation and food services were the least equipped to manage with a loss of income.

Workers in those industries – where 67% of the workforce was furloughed, and some businesses are still not open again – had the least savings to tide them over. Just over a quarter of households (28%) had insufficient assets to cover a 20% drop in income for a single month.

This rose to 39% if the drop was sustained for two months and 41% for a three-month period.In contrast households where the head worked in IT were best placed to face a fall in income – and less likely to have been furloughed.

Single parents were least likely to have savings to last them through three months, with just half able to cover a 20% fall in income over that period.

Office for National Statistics (ONS) (@ONS)

Households where the head is employed in industries with lower rates of furloughing, such as IT and professional services, were more likely to be able to cover a drop in employment income with savings https://t.co/pU4AZWtGHw pic.twitter.com/0GF2lxTVz5

July 13, 2020

Categories
Economy News

Uncertainty can ruin an economy. The bungled covid-19 response just adds to it. – The Washington Post

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Categories
Health News

Families Of Health Workers Killed By COVID Fight For Denied Workers’ Comp Benefits – Kaiser Health News

James “Mike” Anderson was a hospital employee in suburban Philadelphia with a low-profile though critical job: changing air filters in COVID patients’ rooms.

By late March, new COVID cases in Bucks County, Pennsylvania, had ramped up to as many as 90 per day. At the hospital, Anderson handled air filters and other surfaces that might have been contaminated with the deadly virus, also known to hang in the air.

In early April, Anderson, 51, came down with what he thought was a cold, according to his family’s lawyer, David Stern. On April 13 Anderson was rushed to the hospital, where he died of acute respiratory distress syndrome from COVID-19, according to the county coroner. He left behind a wife and two children, ages 5 and 9.

James “Mike” Anderson, a maintenance mechanic at St. Mary’s Medical Center outside of Philadelphia, died of COVID-19 complications on April 13.(Courtesy of Stephanie Anderson)

Anderson was exposed to the virus at work, the lawyer contends, making his family eligible for workers’ compensation death benefits paid by his employer’s insurer.

“His family deserves to have that income replaced,” Stern said. “Their husband and father certainly can’t be.”

But in a June 16 response to Stern’s death benefits claim, St. Mary Medical Center denied all allegations.

As the COVID toll climbs, sick workers and families of the dead face another daunting burden: fighting for benefits from workers’ compensation systems that, in some states, are stacked against them.

In interviews with lawyers and families across the nation, KHN found that health care workers ― including nurses’ aides, physician assistants and maintenance workers ― have faced denials or long-shot odds of getting benefits paid. In some cases, those benefits amount to an ambulance bill. In others, they would provide lifetime salary replacement for a spouse.

Legal experts say that in some states COVID-19 falls into a long-standing category of diseases like a cold or the flu — conditions not covered by workers’ compensation — with no plans to change that. Other states force workers to prove they caught the virus at work, rather than from a family member or in the community.

“We are asking people to risk their lives every single day — not just doctors, nurses and first responders, but also nurses’ aides and grocery store clerks,” said Laurie Pohutsky, a Democratic Michigan lawmaker who proposed a bill to help essential workers get coverage more easily. “These people are heroes, but we have to actually back those words up with actions.”

In at least 16 states and Puerto Rico, officials have passed measures to make it easier for workers infected with the coronavirus to qualify for benefits for lost wages, hospital bills or death. Similar bills are pending in other states, but some face opposition from business groups over costs.

Many of the proposed actions would turn the tables on the status quo, forcing employers to prove workers did not catch the virus at work. Bills vary in the scope of workers they cover. Some protect all who left home to work during stay-at-home orders. Others are limited to first responders and health care workers. Some would cover only workers who get sick during states of emergency, while others would cover a longer period.

An early glimpse of data shows that health care workers and first responders, two groups hit hard by the virus, make up the majority of those seeking benefits. Data from the Centers for Disease Control and Prevention shows that more than 95,000 health care workers have been infected, a figure the agency acknowledges is an undercount. KHN and The Guardian U.S. have identified more than 700 who have died and told the story of 139 of them. For these workers’ families, the stakes of the pending laws are enormous.

In Virginia, attorney Michele Lewane is representing a nurse and a physician assistant who contracted the coronavirus while working at the same urgent care center. The physician assistant, who administered COVID tests, was hospitalized with COVID-19 and pneumonia for about a week. He missed five weeks of work.

When the physician assistant asked the urgent care center for paperwork to file a workers’ compensation claim to cover his hospital bill, an administrator refused to hand it over, saying coronavirus treatment wouldn’t be covered, Lewane said. He was laid off days later and left with a $60,000 hospital bill.

Lewane said the law in Virginia will likely consider COVID-19 an “ordinary disease of life,” akin to a cold or the flu. She said she’d have to prove by “clear and convincing evidence” that he caught the coronavirus at work.

The bar is so high, she said, that she’s waiting to file a claim in hopes that Virginia joins many other states passing laws that make it easier for health workers to prove their cases.

Craig Davis, president-elect of the Virginia Trial Lawyers Association, said he took on a test case and received a quick denial of workers’ compensation benefits for a COVID-positive physician assistant.

“We think there’s an infinitesimal possibility of prevailing under our laws as currently written,” he said. His group is pushing for a legislative change.

In Montana, which has largely been spared by the pandemic, workers face even longer odds. A 64-year-old nurse at a small hospital there was hospitalized for eight days with COVID-19 in April, according to her Great Falls lawyer, Thomas Murphy. She remains at home on oxygen, unable to work.

The woman filed a workers’ compensation claim, which could qualify her for up to $800 a week in lost wages plus lifetime coverage of medical bills related to her condition. Instead of agreeing to those benefits, Murphy said, the insurer offered to settle for $17,000, which she declined because it would not cover her medical bills.

Murphy said the employer, which he did not name to protect his client from retaliation, is arguing that she was the first person at the hospital to contract the virus, so she likely didn’t get it at work. However, he noted that two other hospital employees and six patients tested positive within the next two weeks and his client went few places other than work.

In Montana law, the burden of proof lies on the employee to show an illness was work-related.

“We’re going to have to try to piece together all of the sources” that might have infected her — “and prove that it’s more probable than not that she got it at work,” Murphy said. “Women like this woman are going to have a hard road ahead of them.”

The Montana Legislature isn’t set to meet until January, and an executive order appears unlikely.

In New Jersey, attorney Rick Rubenstein is representing the widow of a man who worked as a housekeeper at a nursing home, doing laundry and occasional patient care. Not given protective gear by his employer, the man caught COVID-19 and had a lengthy stay in the intensive care unit before he died.

His wife has the virus now and was faced with a default — no answer in 35 days — after seeking benefits in New Jersey’s workers’ compensation system. They would cover her husband’s $188,000 hospital bill and survivor’s pay of $308 per week.

“She’s isolated, doesn’t know what her own health future holds and doesn’t have an explanation of why this stuff is happening,” Rubenstein said. “It’s terrible.”

A bill proposed in New Jersey would make it easier for essential workers who got COVID-19 during the state of emergency to prove that they got it on the job. The bill was passed by the state Senate and is pending before the General Assembly.

The New Jersey Business & Industry Association has opposed the bill, saying it would push higher workers’ compensation insurance rates onto businesses that are “struggling to survive.”

“Our concerns are primarily that the cost of these claims can overwhelm the system, which was not designed to handle claims during a worldwide pandemic,” NJBIA Chief Government Affairs Officer Chrissy Buteas said in a statement.

While there are no national estimates of how many are filing claims for workers’ compensation ― or getting approvals ― Massachusetts provided KHN with a summary of its coronavirus reports from March, April and May.

During those months, employers filed 3,482 “first reports of injury” regarding a worker with COVID-19 ― 2,915 were for health care workers. Insurers denied benefits to 216 health care workers, according to Massachusetts records.

Florida posted similar data, showing a higher rate of denied claims for health care workers. While 1,740 health care workers sought benefits related to COVID-19, about 30%, or 521 claims, were fully denied. Among the 1,200 who were paid benefits, the amount paid added up to $1.3 million.

The cost of covering 9.6 million first responders and health workers nationally could range from $1 billion to $16 billion, according to the National Council on Compensation Insurance, which provides insurance rate recommendations for 38 states. The bill is paid by employers who buy workers’ compensation insurance, employers that self-insure and taxpayers, who support government agencies.

Those estimates do not include New York or California, where Gov. Gavin Newsom’s executive order broadening coverage through July 5 is projected to add about $1.2 billion to California’s costs.

In many states, business associations consider proposals to expand workers’ compensation too costly and too broad.

A proposed California bill would extend Newsom’s executive order and put the burden on employers to prove that “critical workers,” including those in retail, warehousing and delivery, who got the coronavirus did not get it at work. The bill has critics.

“California employers have been significantly impacted by this crisis and simply cannot be the safety net for this pandemic by providing workers’ compensation benefits for all employees, even when they are not injured at work,” according to a letter of concern signed by the California Chamber of Commerce, California Hospital Association and others.

A federal backstop may become available. Sen. Tammy Duckworth (D-Ill.) and a bipartisan group of lawmakers introduced a bill that would create a federal fund for essential workers, including health care personnel, who get sick or die from the coronavirus. The Pandemic Heroes Compensation Act would be modeled after the September 11th Victim Compensation Fund.

In Pennsylvania, there is no presumption that COVID-19 is acquired on the job.

Stern, the lawyer for Anderson’s family, filed a “fatal claim” in May with the state workers’ compensation board, which passed it on to the employer.

A St. Mary Medical Center spokesperson confirmed in an email that Anderson worked there for 23 years and was a maintenance mechanic. She would not discuss his case. “We are extremely saddened by his death,” she wrote. “We are not able to provide additional information out of respect for his and his family’s privacy.”

Mark Banchi volunteers with hospital chaplains and knew Anderson for over 30 years. He said co-workers are reeling from the death of a man who “was enthusiastic, gregarious, friendly.”

“His loss to the hospital is real,” Banchi said. “Some people lift spirits, some people make you glad you came that day, and Mike was one of those people.”

In addition to working at St. Mary for $22 an hour, Anderson had a cleaning job at a car dealership. Stern said Anderson was unlikely to be exposed to the virus there. If Stern prevails, the family would receive two-thirds of Anderson’s combined pay, capped at $1,081 a week.

Related Topics

Public Health States

Categories
Forex News

What to know before you start the day? – ForexLive

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Categories
Freelancers

The Holy Grail of hedge fund jobs may be a chimera – eFinancialCareers

I spent many years working for a large quant hedge fund. It was fun, but there were some downsides: a long commute into a city centre office, a lot of meetings, and the inevitable downsides of being a salaried employee.

But what if you could work for yourself, and still build hedge fund trading systems? This is the world of freelance signal generation. Freelance quants develop a trading strategy which they then provide to a fund. Portfolio managers then incorporate the strategy into their portfolio, and pay the trader a percentage of the profits.

Some firms have been experimenting with this concept for a few years now. A US fund, Quantopian, was set up in 2011 specifically to exploit external signals. But there are obvious reasons why this idea has just become more interesting: travelling on public transport to an office is now potentially life threatening, working from home is normalised, and employers are taking a long hard look at their fixed cost base of permanent employees.

Superficially, this sounds like a fantastic opportunity for both quants and hedge funds. Quants get to escape from the corporate environment, and will earn larger profits than if they only traded their own capital. Funds get the benefit of a wider pool of potentially uncorrelated trading systems. This is especially true for niche signals that are not profitable on a standalone basis, such as a trading rule that trades very quickly and racks up expensive trading costs, but which add values when used to decide when to trade a slower system.

But is this really true?

In fact, the detailed pros and cons will depend on the contractual relationship between the two parties. There are a number of different models, depending on how much ongoing involvement the freelancer wishes to have, and how much control the fund requires.

At one extreme is the purchasing contract. The quant develops a model and back-tests it. They provide all the code to the fund, who will do their own independent validation. If the fund is happy they will pay a one off fee to the quant, and then run the model themselves.

For the quant this is a pretty good deal, as they can now go and live on a beach somewhere after doing a few years of hard work. But there is a risk that the firm will use their code without paying for it, or if not the actual code, then at least the basic idea of the strategy. In theory you could take legal action, but this would be very difficult and very expensive.

The firm that bought the model is also exposed to risks. The model may not work ‘out of sample’, on data it has not yet been exposed to, when trading with real money. They may decide not to use the model in a couple of years time for business reasons, or it may just stop working. For all these reasons up front payments tend to be relatively low.

Instead the firm would prefer to pay a licence fee. This can be a fixed payment depending on some conditions, or more usually an agreed percentage of profits made by the model. A freelancer with a successful model can make a lot more money than they would have from an upfront payment. There is more incentive to create a robust model, and quants may wish to continue developing or tweaking the system during it’s trading lifetime.

They can still live on the beach, although again there is still the risk that the firm will underpay them, and it can be hard to know whether a reported profit fee is really correct. This is especially true for models providing signals rather than explicit trades, since there are no specific positions which can be directly attributable to a specific signal.

To protect themselves, some quants may wish to continue owning their models. They will earn a proportion of profits whilst they are providing the model to the fund, but then have the option to take it back, usually after a fixed number of years. Often the model will still be hosted by the hedge fund. There are two main types of hosting: black box, and white box.

The code of a white box model is visible to the hedge fund. Hence the fund can support the model and the freelancer can stay at the beach, although they may have trouble enjoying the waves since the fund could still easily copy their code or reverse engineer their model.

Black box code is, theoretically, secure. Only the quant running the model can view it, so their intellectual property is protected. It will communicate with the fund’s trading systems via an agreed API. However the quant is responsible for ensuring the model runs, and fixing any problems. They will have buy a beach house with a fast broadband connection, and employ one or two juniors to cover for them when they are windsurfing.

Even black boxes can be broken into, so a truly paranoid freelancer trader may wish to host their systems on their own computers, or more likely on a secure cloud. They may continue to get their data feed from the hedge fund, but they also have the option of using an independent source. Now the quant is effectively running their own mini hedge fund: as well as junior traders they will probably have a couple of employees working as dedicated IT support. We’re going to need a bigger beach house still.

Robert Carver is a former head of fixed income at quantitative hedge fund AHL. Now retired he still systematically trades his own account, but hasn’t yet got round to buying a beach house. He is the author of ‘Systematic Trading’, ‘Leveraged Trading’, and ‘Smart Portfolios’.

Photo by Joseph Greve on Unsplash

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Health News

Research suggests link between PFAS pollution, COVID – North Carolina Health News

Research suggests link between PFAS pollution, COVID | NC Health News

Read our Coronavirus Coverage Here

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Categories
Entertainment

Evoplay Entertainment signs Slotegrator deal – European Gaming Industry News

Reading Time: 2 minutes

COVID-19 has showcased just how severe a global pandemic can be. As well as causing social situations that are difficult to contend with, several industries also struggled due to the unforeseen ramifications of COVID-19.

However, this is not to say that there were no benefits to the pandemic. Sure, none of us wants the same thing to happen again, but those in lockdown were able to explore avenues of entertainment that they may not have considered before.

Despite the enjoyment, many obtain from online casinos, the results of the pandemic affected the world online casinos in different ways.

The Negative Impact of COVID-19 to Online Casino Businesses

Many will already know the awareness of gambling responsibility. In some countries, the Government has stepped in and placed limits on how much can be spent on online. For example, Sweden has seen a limit of 5,000 Swedish crowns a week.

Understandably, this measure has been put in place to ensure that there are not any financial implications for individuals once the lockdown is lifted. Still, it does mean that businesses will see a significant drop in income as a result.

The Positive Impacts of COVID-19 to Online Casino Businesses

Every business has had to deal with obstacles relating to the pandemic, but many online casino platforms have seen more interaction as a result of the lockdown, especially online casinos in the UK.

Firstly, despite the concern about those becoming addicted to online casinos, many people set themselves a realistic budget and enjoy gambling responsibility.

Given the lockdown measures in place, more people have adopted online casinos, as they can offer an experience that can be tailored to emulate the real thing in some instances. The crossover over to online gaming casinos in the United Kingdom meant that the userbase for various platforms increased dramatically.

One of the most popular platforms as of April 2020 for online casinos and other forms of betting is bet365.com, boasting an astonishing 20,883,957 users. However, the industry has a whole has seen several online casino platforms embraced as people find new ways of enjoying their favourite games.

Impressive numbers have also been seen with SkyBet with 15, 977,119 users and William Hill with 12,912,724.

In some instances, the online casino could be enjoyed via an app, whereas those searching for a more immersive experience are trying out the solutions that virtual reality can offer.

In short, people have found that the world of online casinos is much different from their original iteration many years ago. As well as offering a more immersive experience, there is also social interaction that makes playing casino games at home more fun.

Of course, responsibility needs to be at the forefront of each transaction. Still, many of the leading platforms have measures in place to ensure users are enjoying casino games without there being financial implications.

Real-world casinos will remain to be popular, but the pandemic has meant people have had to peek behind the curtain of online gaming and are pleasantly surprised by what they unearth.

Categories
Entertainment

Latest Kentucky news, sports, business and entertainment at 3:20 am EDT – WKYT

INDIANA LAKE-DEATH

Investigation: Kentucky man’s body pulled from Indiana lake

BORDEN, Ind. (AP) — Authorities are investigating after the body of a Kentucky man was pulled from a southern Indiana lake. Indiana Conservation Officers say the body of 32-year-old Cory Dugger of Louisville was recovered after 5 p.m. Saturday from Deam Lake. Clark County dispatchers received a 911 call after he disappeared beneath the surface while outside a designated swimming area. Bystanders pulled him from the water and started CPR until Indiana State Police arrived. The incident remains under investigation.

VIRUS OUTBREAK-KENTUCKY

Upward trend in COVID-19 cases continues in Kentucky

FRANKFORT, Ky. (AP) — Kentucky Gov. Andy Beshear says Kentucky reported more than 450 additional cases of COVID-19 on Saturday, part of a troublesome trend of rising cases of the illness caused by the new coronavirus. Beshear said Kentucky has had more than 19,100 cases of the virus and 622 fatalities, including the deaths of a 69-year-old woman and an 86-year-old man from Jefferson County that were reported Saturday. Beshear on Friday said a new requirement for Kentuckians to wear face masks in public has taken effect, despite a county court’s restraining order related to pandemic restrictions. Beshear said the increase in deaths Saturday was “tough news for today.”

SENATE CAMPAIGN

Kentucky’s former Democratic Party chief to be sentenced

FRANKFORT, Ky. (AP) — Federal prosecutors are seeking prison time for Kentucky’s former Democratic Party chief when he is sentenced this week, but attorneys for Jerry Lundergan are seeking probation. The Lexington Herald-Leader reported Lundergan and a codefendant are set to be sentenced July 16 in federal court in Frankfort. Lundergan was convicted last year of orchestrating a scheme to funnel illegal contributions to his daughter’s failed 2014 U.S. Senate campaign against Republican Mitch McConnell. A jury convicted him following a five-week trial on charges that he broke federal law by directing more than $200,000 in illegal corporate contributions to benefit Alison Lundergan Grimes’ campaign.

ILLEGAL GAMBLING-SENTENCE

Kentucky man sent to prison for illegal gambling operation

BOWLING GREEN, Ky. (AP) — A Kentucky man has been sentenced to one year and three months in prison for operating an illegal gambling operation on the internet. The Daily News reports Douglas Booth was sentenced Wednesday in Bowling Green federal court after reaching a plea agreement on charges including failing to file tax returns and money laundering. Court filings show Booth controlled websites hosted in Costa Rica on which illegal gambling on sporting events took place. Booth’s plea agreement said he received about $2.3 million from his gambling operation that he laundered through banks, real estate property purchases and loan payments.

VIRUS OUTBREAK-KENTUCKY LAWSUITS

Gov. Beshear: mask mandate in effect, despite judge’s order

LOUISVILLE, Ky. (AP) — Kentucky Gov. Andy Beshear says a new requirement for Kentuckians to wear face masks in public has taken effect. He says that’s despite a court’s restraining order related to Beshear’s pandemic restrictions. The mask order went into effect at 5 p.m. Friday. The governor was referring to a temporary restraining order issued in Scott County on Thursday. The judge who wrote the order says it blocks Beshear from issuing future executive orders related to the pandemic. Kentucky Attorney General Daniel Cameron on Friday asked that judge to rule on the governor’s order requiring masks in public.

SUPERINTENDENT SELECTED

Colorado superintendent to be Kentucky education head

Frankfort, Ky (AP) — The Kentucky Board of Education has named the superintendent of Colorado’s second largest school district to be Kentucky’s next education commissioner. Jason Glass Glass will oversee Kentucky’s K-12 school system and its 650,000 students beginning in September. Glass has been serving as superintendent in Jeffco Public Schools in the metro Denver area since 2017. Prior to that, he served as the superintendent of Eagle County school district in rural Colorado. He was Iowa’s Director of Education from 2010 to 2013. The Board also approved a resolution acknowledging that the commonwealth’s public schools have a history of racial inequity and committing to racial justice.