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An index measuring the stability of a country finds a decline in the US | Instant News


The uprising in the Capitol on January 6 blinded many in the United States and abroad. But that might not surprise the close readers of the Fragile States Index. Produced annually by the non-profit organization Fund for Peace, the index assesses the pressure on individual countries that could potentially destabilize them.

Over the last decade, many countries have become less fragile. The US, on the other hand, is becoming less volatile. Indeed, the country is among the 20 states that have seen the highest percentage increase in relative vulnerability over the past 10 years – a list that includes Syria, Venezuela and Great Britain.

Although the US is stable by several measures of economic, political, and social indexes, it has seen a sharp decline in what the index calls cohesion, an indicator reflecting internal division. Given the pandemic, recession, protests and political turmoil, the 2020 score, which has yet to be calculated, is likely to drop even further.

“I anticipate a significant deterioration in the US score, both at the individual and overall indicator level,” said Nate Haken, program director at the Fund for Peace. “In terms of fragility, it is the confluence of interdependent factors that really signals the flashing red light.”

However, the index does not capture characteristics that help a country withstand the pressures that threaten it. “You may have a state,” said Natalie Fiertz, program manager for the Fund for Peace, “which has a very high level of stress but also has sufficiently high resilience capacity to deal with it.”

It may be too early to say how resilient the United States will be.

The Fragile States Index is based on national-level assessments generated using data sets from international statistical agencies such as the United Nations, analysis of news articles and reports, and independent reviews by social science research teams. While the index ranks the vulnerability of a country to other countries, its main function is to measure trends in each state. The score is based on 12 main political, social and economic indicators which are grouped into the four categories below; Data for 2020 is not yet available.

Social and political cohesion

These indicators illustrate the social and political polarization that makes collective action difficult. Over the past decade, the US has seen increasing political and social divisions, as well as governance bottlenecks. The US cohesion score is projected to decline for 2020 due to election rhetoric, the Black Lives Matter protests, and the police response to the protests. Attacks on the Capitol by supporters of President Trump will have a devastating effect on the 2021 score.

Economic livelihood

This indicator describes the pressure on livelihoods and the opportunities for individuals and communities to develop economically. There are significant income inequalities in the US, but wage growth for the lowest-paid workers and greater availability of affordable health care have contributed to long-term improvements in this category. The US score is expected to fall in 2020 due to the pandemic-triggered recession.

Political stability and government effectiveness

This indicator describes the openness and effectiveness of the government, as well as its relationship with citizens. In recent years, US state legitimacy scores have declined due to major protests such as the Women’s March and poor response to several natural disasters. The public service score is expected to fall in 2020 due to national lockdowns, school closings and an overwhelmed health system.

Social and environmental pressures

This indicator describes the factors that can put pressure on the most vulnerable segments of society, including refugees and the very poor. Health, mortality, natural disasters, and population growth can undermine the ability of individuals and communities to cope with crises. The US has been successful on these indicators but has recently experienced increased demographic pressure arising from COVID-19 and natural disasters.

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Australian stocks ended lower as traders avoided risks from the surge in the virus | Instant News


Australian Shares closed lower on Friday, as risk sentiment slumped after major central banks warned that near-term economic risks remain so coronavirus infection accelerated, leading to massive sales in the travel and energy sector.

S & P / ASX 200 index fell 0.2% to close the trade at 6405.2 points. However, the benchmark index recorded a weekly gain of 3.5%.

As the initial euphoria vaccine news subsided, global equities dragged further after US Federal Reserve and the European Central Bank says the economy is still in tough times, meanwhile Bank of England says there is still a long way to go for drug trials.

“You have not just one, but three heads of central banks around the world just commenting on the fact that the economic picture is still pretty bad at the moment, so it will definitely weigh on investor sentiment,” said James Tao, market analyst at CommSec.

More than 52.45 million people have been reported infected by the novel corona virus globally and about 1.3 million people have died, according to a Reuters tally.

Back home, Australian energy stocks fell as much as 2.4% as crude oil prices fell on short-term fuel demand, while up 14.2% for the week.

Santos and Cooper Energy each lost more than 2% temporarily Coastal Energy fell 3.2% to the worst session since October 29.

Travel and tourism stocks also fell, with Flight Center Travel Group, and Corporate Travel Management each dropping more than 1%.

Against the trend, gold stocks rose 4.5% as gold prices edged up amid fears of an economic slowdown. Gold stocks, however, posted their worst week since the week ended September 25.

In New Zealand, the benchmark S & P / NZX 50 index reversed to end 0.2% higher. Benchmark recorded its best week since the week ended October 9.

Medical device maker Fisher & Paykel Healthcare Corp and logistics company Mainfreight were the biggest percentage winners.

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Australian stocks: Australian stocks rose 2% as Cenbank cut interest rates, expanding bond buying | Instant News


Australian Shares on Tuesday closed 2% higher to hit their best session in nearly a month, supported by the central bank’s decision to cut interest rates and launch quantitative easing.

S & P / ASX 200 index closed 1.9% higher at 6,066.40 after marking the strongest intraday session since October 5. The benchmark rose 0.4% in the previous session.

The Reserve Bank of Australia cut interest rates to near zero on Tuesday and expanded its bond-buying program, as widely expected, an ointment much needed to help the economy recover from the country’s worst recession in a generation.

“QE is different and they are talking about 100 billion, so that would be well received. This is not a solution, it just makes things work short-term, “Brad Smoling, managing director at Smoling Stockbroking.

While Australia has controlled the spread of the deadly disease and opened its economy earlier than expected, domestic and international borders remain closed, business investment is weak and consumer spending is still warm.

Australian stocks are also being tracked main index on Wall Street higher ahead of the US Presidential election, with investors bracing for near-term trade turmoil and major long-term policy changes.

Biden is leading in national polls, but it is stiff competition in the states on the battlefield that could steer the election to Trump. Analysts say that if there is no clear winner, the outcome is likely to rock equity markets in the near term.

Domestic energy stocks were the best performers after closing 5.3% higher, supported by a rebound in oil prices.

Australia’s gold index strengthened as their safe-haven appeal brightened due to uncertainty surrounding the US election result and a spike in global coronavirus cases.

Financials were up more than 1%, with the so-called “Big Four” banks, excluding Westpac Banking Corp., closing stronger.

New Zealand’s benchmark S & P / NZX 50 index ended 0.5% higher at 12,130.31, with Pushpay up 4.6% and the Fletcher Building adding 3.3%.

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Australian stocks: Australian stocks are making cautious gains ahead of US election results | Instant News


Australian Shares closed higher on a caution note, as traders braced for jitters during US Presidential election week gold stock lead profit as uncertainty sparked bids for the safe-haven metal on Monday.

S & P / ASX 200 index closed up 0.4% at 5,951.30, following Friday’s 0.6% drop.

Global markets await hotly contested US elections, with Democrat Joe Biden taking the national lead over President Donald Trump. Nevertheless, Trump remains competitive in states that can determine White House elections.

“Some attention is turning to the outcome of who will hold the Senate, as the Biden White House without Democrats’ control of the Senate could still mean it is difficult to slow progress on a new fiscal stimulus package,” said James Tao, market analyst at CommSec.

Wall Street, along with global markets, has swayed wildly in volatility in the weeks leading up to US elections over the implementation of a stimulus deal to revive the pandemic-hit economy.

However, the market was cheered up after data from China signaled that factory activity in October had expanded at its fastest pace in a decade.

On the domestic front, the Australian gold index rose 1.1%, helped by rising gold prices, as increasing global uncertainty attracted investors to gold security.

Catalyst Metals was up 6.1% while Bellevue Gold was up 4%.

That heavyweight financial sector rose 0.4% after the nation’s second-largest lender Westpac posted full-year results and said it intends to return to its semi-annual dividend cycle.

“Westpac Bank this morning announced its intention to continue dividends. This is a positive for the finances today,” Smoling said.

AMP Ltd jumped 10% after the wealth manager said a proposed takeover offer from Ares Management implies a 21% premium to Friday’s closing price.

New Zealand’s benchmark S & P / NZX 50 index slumped 0.1% to 12,070.83.

Heartland Group Holdings fell 5.2% while Pacific Edge fell 4.2%.

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A Big Birthday Party Triggers the COVID-19 Outbreak, Pasadena Officials Say – NBC Los Angeles | Instant News


Pasadena health officials warned residents to stay home and avoid social gatherings on Mother’s Day weekend, after a group of COVID-19 cases were traced back to a recent birthday party in the city.

“PPHD (Pasadena Public Health Department) recently identified a group of COVID-19 cases among birthday party participants,” city officials announced Saturday. “Through contact tracing, the PPHD disease investigation team found more than five laboratory confirmed COVID-19 cases and many more people were sick.”

The party was attended by a large number of family members and friends after the Safer at Home Order was issued.

“The index, or the first patient in the outbreak identified with this disease, coughed and did not wear face masks at the party. Guests also did not wear face masks or practice maintaining social distance. As a result, officials said, COVID-19 spread among participants party, “the city statement said.

“This is an example of how good contact tracing can identify groups of diseases and tell us more about the spread of disease in our community,” Dr. Matthew Feaster, PPHD epidemiologist. “We thank our large team of public health nurses, case investigators, and contact tracers who help track viruses and prevent diseases from spreading to other members of our community.”

“Pasadena residents who live at home look after themselves and their loved ones protected from COVID-19,” added Dr. Ying-Ying Goh, director and PPHD health officer. “Even though we are moving forward with minor modifications to the Safer at Home Order, meeting people who do not live in the same house is still prohibited.”

Goh said COVID-19 remained “highly contagious” and that social distance, frequent hand washing and wearing face masks remained the best defense against the virus.

Free COVID-19 testing is available at Rose Bowl and the Barry ChapCare Chapryare Health Center. Agreement required. Register here.

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