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Tag: future

Op-Ed: Overreliance on the Fed is compromising the future for millennials

Op-Ed: Overreliance on the Fed is compromising the future for millennials

Finance
Getty ImagesMillennials have been dealt two very bad economic hands during their lifetimes.First, they weathered the 2008 financial crisis brought about by reckless risk-taking in the financial sector. Now, they confront a much more severe economic calamity caused not by Wall Street's misbehavior but by a malicious virus. Yet in both situations, the burden is disproportionately falling on working families, many of them millennials who are just now starting to accumulate some wealth and security.And while Washington has responded aggressively with early commitments to help Main Street, as stimulus programs unfold it's becoming apparent that Wall Street (again) is going to come out on top.The primary reason for this is that our elected officials have ceded too much responsibility for the eco...
State Department plans no future coronavirus evacuations

State Department plans no future coronavirus evacuations

Health
Feb. 21 (UPI) -- State Department officials Friday cautioned that American citizens trapped in areas impacted by the COVID-19 outbreak in the future should not rely on government-sponsored evacuation flights to get them home. The comments were made by Ian Brownlee, acting assistant secretary at Bureau of Consular Affairs, during a U.S. Centers for Disease Control and Prevention briefing with reporters. They came less than 24 hours after his department advised U.S. citizens to "reconsider" traveling on cruise ships to or within Asia for the time being, until the virus has been contained. The CDC and State Department currently have travel advisories in effect for all of China, and has cautioned people planning travel to Japan and Hong Kong. The flights "do not reflect standard practice" at...
Veggie-loving monkeyface prickleback may be future sustainable protein

Veggie-loving monkeyface prickleback may be future sustainable protein

Science
Feb. 19 (UPI) -- Scientists have uncovered the digestive secrets of one the ocean's most unique vegetarians. The discovery, described Wednesday in the journal Proceedings of the Royal Society B, could pave the way for more sustainable proteins sources. There are more than 30,000 fish species living on planet Earth, but just 5 percent of them are known to eat only plants. One of the few vegetarian species is the monkeyface prickleback, or Cebidichthys violaceus. The unique species, which lives in shallow tide pools on the West Coast, boasts a human-like digestive system, featuring an acidic stomach and both small and large intestines. All living organisms need lipids to survive. Unfortunately for the prickleback, the algae the species eats exclusively contains relatively low levels of lip...
EU research head optimistic on post-Brexit future

EU research head optimistic on post-Brexit future

Science
An EU research head says that he is "optimistic" that there will continue to be close scientific collaboration with the UK after Brexit.Prof Mauro Ferrari said that science bodies on both sides of the Channel want close existing links to continue.Prof Ferrari is the new president of the European Research Council, which funds EU science and tech research.He made his comments at the American Association for the Advancement of Science Meeting in Seattle."I am very optimistic," he said. "The stakes are so high. It is in everybody's interest that a solution that is as good as the current one or better is found."Although there is near universal agreement that Britain's current close relationship with the ERC should continue, there is ...
Govt’s IDBI Bank move may hold a clue for future of public sector banks

Govt’s IDBI Bank move may hold a clue for future of public sector banks

Finance
KOLKATA: Life Insurance Corporation of India got all the attention in this budget. IDBI Bank became a footnote. Once a million-pound gorilla in its own way, now looks like a pigmy. But what the government does with the pigmy may well become a signboard for the future of some state-run banks. Dilution of holding in banks has been a long cherished desire of successive governments, despite it being a controversial one. Selling down the remaining 47% shares in IDBI Bank may be just a trickle, for now. Given the government’s over 90 per cent ownership in several lenders, it may not immediately need to beat the drum about bringing them below the contentious 51 per cent level, but divestment may become the order of the day. “Sale of IDBI Bank shares may not elicit huge response from the market im