Accounts – Island Crisis http://islandcrisis.net/ Thu, 22 Apr 2021 01:58:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 https://islandcrisis.net/wp-content/uploads/2021/04/default1-150x150.png Accounts – Island Crisis http://islandcrisis.net/ 32 32 How the pandemic could negatively impact your credit score https://islandcrisis.net/how-the-pandemic-could-negatively-impact-your-credit-score/ https://islandcrisis.net/how-the-pandemic-could-negatively-impact-your-credit-score/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/how-the-pandemic-could-negatively-impact-your-credit-score/ The CARES Act, passed by Congress last March, has allowed many consumers to defer payments on credit cards and some mortgages and student loans. But some banks and credit card companies have falsely reported that these deferred payments are late, which could worsen the financial situation of those hardest hit by the pandemic. Consumer Reports […]]]>

The CARES Act, passed by Congress last March, has allowed many consumers to defer payments on credit cards and some mortgages and student loans. But some banks and credit card companies have falsely reported that these deferred payments are late, which could worsen the financial situation of those hardest hit by the pandemic. Consumer Reports investigates the issue and reveals what you need to do to check and clean your credit report.

Even a small mistake on your credit report can have a huge impact on your credit score. When it comes to trying to get a credit card, mortgage, or student loan, it can be the difference between getting a good rate, a bad rate, or no loan at all.

Credit report errors are common. One study found that 1 in 4 people had at least one error in their reports. And complaints to the Consumer Financial Protection Bureau about credit report errors have reached record levels.

This is a problem that existed long before the pandemic, but it is even more serious now because so many people have been affected by the crisis and are perhaps seeking financial stability more than ever.

So what can you do Go to annualcreditreport.com to get your credit report from the three major credit bureaus: Experian, Equifax, and TransUnion. Then if you find an error, dispute it with each credit Company. Do it in writing and send your letter and all supporting documents by certified mail.

After alerting the credit bureaus to the errors, Consumer Reports says it will likely take at least 30 days to get a response, so keep checking your report to confirm the error has been corrected.

Do you want to participate in Consumer Reports research? If you’ve seen a recent report, let CR know what you found at CR-dot-org-slash-credit-check-up (CR.org/creditcheckup).

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Opinion | Standard metrics will not suffice. Here’s how to measure Trump’s failures so that they register with the right. https://islandcrisis.net/opinion-standard-metrics-will-not-suffice-heres-how-to-measure-trumps-failures-so-that-they-register-with-the-right/ https://islandcrisis.net/opinion-standard-metrics-will-not-suffice-heres-how-to-measure-trumps-failures-so-that-they-register-with-the-right/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/opinion-standard-metrics-will-not-suffice-heres-how-to-measure-trumps-failures-so-that-they-register-with-the-right/ Sure, 29 million Americans are calling for unemployment; at least 183,000 died of the coronavirus; and some 20 percent small businesses that existed before the pandemic are closed. But whatever the statistics, whatever quotes from government agencies or private analysts, Trump supporters refuse to accept that this president’s legacy can be missed in any way. […]]]>

Sure, 29 million Americans are calling for unemployment; at least 183,000 died of the coronavirus; and some 20 percent small businesses that existed before the pandemic are closed. But whatever the statistics, whatever quotes from government agencies or private analysts, Trump supporters refuse to accept that this president’s legacy can be missed in any way. Especially compared to its predecessor!

It seemed that any suggestion that Trump’s numbers are unusually bad, no matter how well documented, were doomed to be viewed as fake news. Then it hit me:

Maybe what’s needed is different units to measure the Trump administration’s failures and scandals, since standard measurements are not recorded. His toll should be quantified on scales a Fox News viewer might be more familiar with: not body count or dollars, but Benghazis and Solyndras.

For example, experts sometimes try to put the 183,000 deaths from covid-19 into context by noting that cumulative deaths per capita in the United States are double those of Canada, quintuple those of Germany, 20 times those of Australia, 90 times those of South Korea, etc.

But let’s face it: a lot of Americans don’t care about international comparisons. So here’s a different way to contextualize this national trauma: The number of lives lost to covid-19 is roughly equal to the death toll from 60 9/11 attacks.

Virginia’s moratorium on evictions during the pandemic expired on June 23, shaking tenants who have lost their jobs due to the crisis. (The Washington Post)

Or, if you prefer a more recent macabre reference to quantify mortality, the coronavirus the death toll is around 46,000 Benghazis. Somehow, for years the four tragic deaths in Benghazi consumed the agendas of six GOP-controlled congressional committees and the programming of the most-watched cable news channel. But today, a deadly shock amplified by the ineptitude of the government which has led to 46,000 times more lives lost ”.it is what it is. “

Likewise, perhaps we could put recent changes in jobs into perspective using benchmarks widely discussed and endorsed by Trump.

For example, shortly after winning the presidency in 2016, Trump congratulated himself on saving about 700 jobs at a factory in Indiana run by Carrier. This feat received a plethora of right-wing media adoration and is still cited by cronies as proof of the president’s economic prowess.

Only last week, however, 1.6 million people newly applied for unemployment benefits. This is the equivalent of 2,300 Carrier factories.

Then there is the alleged misappropriation of taxpayer funds to “pick winners and losers,” a right-wing media sin often attributed to Democrats (especially Barack Obama). There are many from the Trump era examples at choose from – grants for coal-fired power stations, say, where Farmers hurt by Trump’s own trade wars. But let’s use as a case study the case of a single White House official, Peter Navarro, in failed contracts related to the pandemic response.

According to congressional investigatorsNavarro negotiated a contract that caused the government to overpay fans by $ 500 million. (The contract was canceled on Monday.) He also defended a $ 765 million federal loan to Eastman Kodak to turn it into a drug maker. (The loan has since unraveled and is subject to a securities investigation.)

So how much of Navarro’s taxpayer dollars wasted on these two transactions alone? Measured in units that should be familiar to right-wing information consumers, that’s roughly two Solyndras.

Wednesday, the Congressional Budget Office projected that the national debt will reach about $ 22 trillion in the next fiscal year. This means that, for the first time since right after World War II, debt would eclipse the size of the U.S. economy as a whole. For all those fair-weather tax hawks who have long complained about Obama’s debauchery: The increase in debt under Trump during a single term is on track to surpass that under Obama through of them terms.

Likewise: for every Hillary Clinton private messaging scandal (one), there is at least eight senior Trump officials who allegedly used private emails to conduct official business. For every Obama-era incident involving reprisals against political opponents, there are literally dozens of examples of Trump trying to use the power of his office to punish suspected enemies, whether through tweets or regulatory Actions. Including, this week, a possibly illegal order to block federal funding to go to towns ruled by Democrats.

Die-hard Trump followers have long been fans of alternative math, so maybe this mental exercise could come in handy. Or maybe they’ll finally admit that any scale of crisis, failure, or scandal is okay as long as their man is in office.

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Why Virgin Galactic Stock broke Monday morning https://islandcrisis.net/why-virgin-galactic-stock-broke-monday-morning/ https://islandcrisis.net/why-virgin-galactic-stock-broke-monday-morning/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/why-virgin-galactic-stock-broke-monday-morning/ What happened Galactic Virgo (NYSE: SPCE) The stock climbed 6.5% higher in its opening trading Monday. However, just 15 minutes into the trading day, the stock only rose 2%, and by 10:22 a.m. its gains had evaporated and the stocks were trading roughly flat to. the place where they had closed last week. It seemed […]]]>

What happened

Galactic Virgo (NYSE: SPCE) The stock climbed 6.5% higher in its opening trading Monday. However, just 15 minutes into the trading day, the stock only rose 2%, and by 10:22 a.m. its gains had evaporated and the stocks were trading roughly flat to. the place where they had closed last week. It seemed investors were eager to respond to news released by the company over the weekend – but on reflection, waiting might be the best bet.

So what

Saturday, Virgin Galactic recalled investors of its next spaceplane test flight, posting a tweet confirming that it has “performed pre-flight checks on SpaceShipTwo Unity’s pen before our next flight.”

To refresh your memory, the flight window for the test in question opens on February 13. In this next attempt, Virgin hopes to demonstrate that she has fixed everything that has kept her previous test flight in December to reach space. Success this time around would set the stage for a second test flight which could take place later this month … then a test flight that would feature company founder Sir Richard Branson as the passenger … and finally, the beginning of advertising. space tourism flights.

Image source: Getty Images.

Now what

Investors and space fans responded with a chorus of cheers on Twitter over the weekend:

But while I sympathize with the excitement, it’s worth pointing out: we still have to wait until at least Saturday – if not longer – to see if this flight takes off. Opening the flight window doesn’t necessarily mean the VSS Unity spacecraft will actually fly on Saturday. Weather or other complicating factors can delay the attempt for a day or three.

And of course there is also the risk that this test will fail like the last one did. Investors might want wait and see if it works before getting excited about the Virgin Galactic stock.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Strides Pharma Science arm gets USFDA nod for ethacrynic acid tablets https://islandcrisis.net/strides-pharma-science-arm-gets-usfda-nod-for-ethacrynic-acid-tablets/ https://islandcrisis.net/strides-pharma-science-arm-gets-usfda-nod-for-ethacrynic-acid-tablets/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/strides-pharma-science-arm-gets-usfda-nod-for-ethacrynic-acid-tablets/ Pharmaceutical company Strides Pharma Science said on Tuesday that its resigning subsidiary had received approval from the U.S. health regulator for ethacrynic acid tablets, used to treat fluid retention (edema). The approved product is a generic version of Edecrin 25 mg tablets from Bausch Health Americas. Strides Pharma Global, Singapore, has received approval for Ethacrynic […]]]>

Pharmaceutical company Strides Pharma Science said on Tuesday that its resigning subsidiary had received approval from the U.S. health regulator for ethacrynic acid tablets, used to treat fluid retention (edema).

The approved product is a generic version of Edecrin 25 mg tablets from Bausch Health Americas.

Strides Pharma Global, Singapore, has received approval for Ethacrynic Acid Tablets USP in strengths of 25 mg from the United States Food and Drug Administration (USFDA), Strides Pharma Science has reported in a regulatory filing.

Citing the August 2020 IQVIA Annual Moving Total (MAT) data, Strides Pharma Science said the US market for Ethacrynic Acid Tablets USP, 25 mg, is approximately $ 14 million.

The product will be manufactured at the company’s flagship plant in Bengaluru and will be marketed by Strides Pharma in the US market, the company added.

The company has 126 cumulative Abbreviated New Drug Application (ANDA) filings with the USFDA, of which 92 ANDAs have been approved and 34 are pending approval.

Ethacrynic acid belongs to a class of medicines called diuretics (water pills). It is used to treat edema (excess fluid in body tissue) in adults and children caused by medical problems such as cancer, heart disease, kidney disease or liver disease.

Shares of Strides Pharma Science were trading 0.95% higher at Rs 753.60 each on BSE.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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SBI Cards sees spike in bad loans on impact of Covid-19 https://islandcrisis.net/sbi-cards-sees-spike-in-bad-loans-on-impact-of-covid-19/ https://islandcrisis.net/sbi-cards-sees-spike-in-bad-loans-on-impact-of-covid-19/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/sbi-cards-sees-spike-in-bad-loans-on-impact-of-covid-19/ SBI Cards & Payment Services Ltd. reported a sharp rise in bad debts for the July-September quarter on Thursday due to defaults caused by the Covid-19 crisis. NBFC credit card, a subsidiary of India’s largest lender State Bank of India, reported a gross non-performing assets ratio of 4.3% vs. 1.4% as of June 30, an […]]]>

SBI Cards & Payment Services Ltd. reported a sharp rise in bad debts for the July-September quarter on Thursday due to defaults caused by the Covid-19 crisis.

NBFC credit card, a subsidiary of India’s largest lender State Bank of India, reported a gross non-performing assets ratio of 4.3% vs. 1.4% as of June 30, an increase of 290 points basic.

The increase in bad debts would have been more marked if a Supreme Court order had not stood in the way. In the Gajendra Sharma v Union of India case, commonly known as the interest on interest case, the country’s highest court ordered lenders not to demote accounts in the NPA category after August 31.

Although the Supreme Court order caused uncertainty in how lenders could identify NPAs, it gave them more time to invoke the Reserve Bank of India’s unique restructuring plan announced on 6 August, Ashwini Kumar Tewari, managing director and managing director of SBI Card, told analysts on a conference call. “I wouldn’t say we’re at the peak of the moratorium problem.”

Most of the tensions over the quality of the company’s assets, according to Tewari, are concentrated in accounts that had been subject to a moratorium between March and August. “These are accounts that belong to independent borrowers, added through our acquisition of clients in the open market. The clients added from our deal with SBI actually performed better than the rest of the book, ”Tewari said.

According to the investor presentation released by SBI Card, around 9% of the company’s bad credit loans portfolio falls under the Reserve Bank of India’s unique restructuring plan announced on August 6.

Due to the sharp rise in bad debts, SBI Card saw its net profit drop 46% to Rs 206 crore at the end of the July-September quarter from Rs 381 crore a year ago.

Total income increased 5.76% to Rs 2,513 crore. Total expenses increased by 19% to Rs 2,234 crore.

A “management overlay provision” of Rs 268 crore in the second quarter, bringing total provisions to Rs 758 crore as of September 2020. Impairment and bad debt charges in the second quarter amounted to Rs 862 crore in the quarter compared to Rs 329 crore a year ago.

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Biden discusses COVID-19 relief bill as Americans begin to receive stimulus checks https://islandcrisis.net/biden-discusses-covid-19-relief-bill-as-americans-begin-to-receive-stimulus-checks/ https://islandcrisis.net/biden-discusses-covid-19-relief-bill-as-americans-begin-to-receive-stimulus-checks/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/biden-discusses-covid-19-relief-bill-as-americans-begin-to-receive-stimulus-checks/ The daily beast Are the side effects of the COVID vaccine a good sign? Photo: Getty If someone has a headache or feels a bit under the weather after receiving a COVID-19 vaccine, it has become common to hear them say something like “Oh, that just means my system immune works really hard. ” On […]]]>

The daily beast

Are the side effects of the COVID vaccine a good sign?

Photo: Getty If someone has a headache or feels a bit under the weather after receiving a COVID-19 vaccine, it has become common to hear them say something like “Oh, that just means my system immune works really hard. ” On the other hand, when people don’t notice any side effects, they sometimes fear that the vaccine will not do its job or that their immune system will not respond at all. what is happening at the cellular level inside your body? Robert Finberg is a physician specializing in infectious diseases and immunology at the University of Massachusetts School of Medicine. It explains why this perception does not match the reality of how vaccines work. What does your body do when you get a vaccine? Your immune system reacts to the foreign molecules that make up any vaccine through two different systems; the initial response is due. to what is called the innate immune response. This system is activated as soon as your cells notice that you have been exposed to a foreign body, from a shard to a virus. Its objective is to eliminate the invader. White blood cells called neutrophils and macrophages move towards the intruder and try to destroy it. This first line of defense is relatively short and lasts for hours or days. The second line of defense takes days to weeks to be operational. It is the long-lasting adaptive immune response. It relies on the T and B cells of your immune system to learn to recognize particular invaders, such as a protein in the coronavirus. If the invader is encountered again, months or even years in the future, it is these immune cells that will recognize the old enemy and begin to generate the antibodies that will kill it. about two weeks to develop the adaptive response that provides long-lasting protection against the virus Be very, very skeptical of these reports of “ bad news ” vaccines When you get vaccinated, what you notice in the first or both first few days is part of the innate immune response: your body’s inflammatory reaction, aimed at quickly eliminating foreign molecules that have violated the perimeter of your body.It varies from person to person, but the extent of the response initial is not necessarily related to long-term response. In the case of the two COVID-19 mRNA vaccines, well over 90 percent of those immune developed the protective adaptive immune response while less than 50 percent developed side effects, and most were mild. The result is that you cannot judge the effectiveness of the vaccine in your body based on what you can detect from the outside. Different people develop stronger or weaker immune responses to a vaccine, but post-injection side effects won’t tell you who you are. It is the second adaptive immune response that helps your body build immunity to the vaccine, not the inflammatory response that triggers these early pains. What are the side effects, anyway? Side effects are normal responses to injecting a foreign substance. They include fever, muscle aches and discomfort at the injection site, and are mediated by the innate immune response.Neutrophils or macrophages in your body notice the molecules in the vaccine and produce cytokines – molecular signals that cause fever, chills, fatigue, and muscle pain. Doctors expect this cytokine reaction to occur every time a foreign substance is injected into the body.In studies where neither the recipients nor the researchers knew which individuals were receiving the mRNA vaccine or a placebo, About half of people aged 16 to 55 who received SARS- CoV-2 vaccine developed a headache after the second dose. This reaction may be related to the vaccine, but a quarter of people who only received a placebo also developed a headache. So, with very common symptoms, it can be quite difficult to attribute them to the vaccine for sure. Researchers are anticipating some reports of side effects. Adverse events, on the other hand, are things doctors don’t expect to happen as a result of the vaccine. They would include organ failure or severe damage to any part of the body.The blood clots that prompted the United States to suspend the distribution of the Johnson & Johnson vaccine are a very rare event, apparently at a frequency of ‘one in a million. Whether they are definitely caused by the vaccine is still being investigated, but if scientists conclude, blood clots are said to be an extremely rare side effect. Which component of the vaccine causes side effects? The only “active ingredient” in Pfizer and Moderna vaccines are the mRNA instructions that tell the recipient’s cells to build a viral protein. But the injections have other components that help the mRNA travel through your body. In order to get the vaccine’s mRNA into the vaccinated person’s cells where it can do its job, it has to escape the enzymes of the vaccine. body that would destroy it naturally. The researchers protected the vaccine’s mRNA by wrapping it in a bubble of lipids that help prevent it from being destroyed. Other ingredients in injections, such as polyethylene glycol, which is part of this lipid shell, can cause allergic reactions.If I feel unwell after my injection, does this indicate strong immunity? Scientists have not identified any relationship between the initial inflammatory response and the long-term response that leads to protection. There is no scientific evidence that a person with more obvious side effects from the vaccine is then better protected against COVID-19. And there is no reason that having an exaggerated innate response improves your adaptive response. Both licensed mRNA vaccines provided protective immunity to over 90% of recipients, but less than 50% reported a reaction to the vaccine and many fewer had serious reactions. For more, visit The Daily Beast. Get our best stories delivered to your inbox every day. Register now! Daily Beast Membership: Beast Inside delves deeper into the stories that matter to you. Learn more.

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Bank loan growth is lowest in three years as loans remain under Covid Cloud https://islandcrisis.net/bank-loan-growth-is-lowest-in-three-years-as-loans-remain-under-covid-cloud/ https://islandcrisis.net/bank-loan-growth-is-lowest-in-three-years-as-loans-remain-under-covid-cloud/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/bank-loan-growth-is-lowest-in-three-years-as-loans-remain-under-covid-cloud/ The credit slowdown indicates a struggling economy, Bank of America Securities said in a report on Monday. “Declining credit flows indicate a contraction in the economy due to the Covid-19 shock,” the research house said. Bank of America Securities also assessed the additional credit flow since the start of the Covid-19 crisis. The analysis showed […]]]>

The credit slowdown indicates a struggling economy, Bank of America Securities said in a report on Monday. “Declining credit flows indicate a contraction in the economy due to the Covid-19 shock,” the research house said.

Bank of America Securities also assessed the additional credit flow since the start of the Covid-19 crisis. The analysis showed a sharp drop in bank credit flows from one period to the next:

  • Between mid-March and July 17, 2020, the credit flow is 36% lower than last year.
  • Between the end of March and July 17, 2020, the credit crunch is 52.2% greater than that of 2019.
  • Between the end of April and July 17, 2020, a credit of Rs 50,800 crore was taken out, unlike a withdrawal of Rs 44,600 crore last year.
  • Between the end of May and July 17, 2020, the credit flow was contracted by Rs 2,500 crore, unlike the drawdown of Rs 42,300 crore last year.

The report says high real lending rates, adjusted for the basic wholesale price index as an indicator of pricing power, still limit a recovery beyond the Covid-19 shock. “While the nominal MCLR (marginal cost-based lending rate) has fallen 105 basis points since March 2019, when the RBI eased, the real MCLR jumped 44 basis points, inflation by WPI base falling to 0.8% in June from 2.3% in March 2019, ”the report said.

Segmented data

The decline in credit flow is visible in segments such as retailing and bad credit loans to non-bank finance companies, monthly credit data showed.

Among industrial loans, only large companies saw their outstanding loans grow in the first three months of the current fiscal year, according to available data.

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Coronavirus mutation: is the fear justified and where does it come from? https://islandcrisis.net/coronavirus-mutation-is-the-fear-justified-and-where-does-it-come-from/ https://islandcrisis.net/coronavirus-mutation-is-the-fear-justified-and-where-does-it-come-from/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/coronavirus-mutation-is-the-fear-justified-and-where-does-it-come-from/ A new strain of the coronavirus could be responsible for the faster spread of the virus in London and the south-east of England, it was announced. Unconfirmed reports suggest that the coronavirus variant is called N501Y. This particular strain has increased in frequency since August. The idea of ​​a mutating virus, breaking down into new […]]]>

A new strain of the coronavirus could be responsible for the faster spread of the virus in London and the south-east of England, it was announced. Unconfirmed reports suggest that the coronavirus variant is called N501Y. This particular strain has increased in frequency since August.

The idea of ​​a mutating virus, breaking down into new strains, is enough to scare most people. But are these fears justified and where do they come from?

Hollywood certainly has to take some responsibility for our misconceptions about mutation. After all, the concept has inspired filmmakers for decades, starting with Die, Monster, Die! in 1965 until big budget franchises, such as X-Men. Both tell stories of changes in DNA resulting in superhuman abilities.

Special effects filmmakers like to show off these DNA changes in the most dramatic way possible – often accompanied by vibrant colors and explosions – but actual genetic mutations are a much quieter affair. So you shouldn’t be too worried when you hear that the the coronavirus is mutating. It’s a normal part of evolution.

However, to understand mutations, one must first detour into the world of proteins. Reading the side of my “Taste of the East” microwave lunch (unfortunately eaten at home with tired kids rather than on the beach in the picture on the package), there is a unique value for “protein. “. But the word can be misleading. The thing on my driveway is both a car and simultaneously a different type of car from the rest. The same word means both the individual and the group to which he belongs. The same applies to the term protein.

About a fifth of your body is made up of protein. Proteins are the molecules in your body (or your breakfast) that are made up of chains of amino acids. Protein is an umbrella term that captures everything from protein molecules that act like enzymes in your stomach, to structural proteins that make up your skin and hair.

There are only 20 types of amino acids with which to build all proteins on Earth. Of these 20, many are very similar and can be grouped into families based on their properties. There are positively charged, negatively charged, large, small and some with more subtle differences.

By combining these 20 amino acids in different orders and amounts, nature creates a dazzling array of very different proteins with specific jobs within an organism. Just like 20 types of Lego bricks can be used to make a lot of different models, the 20 types of amino acids are used to make your 6 million different types of proteins.

Changing coronavirus

DNA, or in the case of the coronavirus, RNA, is the set of genetic instructions that tell an organism what building blocks are needed and in what order to create the proteins it needs to survive.

Mutations affect these instructions, which means that the number or type of amino acids that make up a particular protein changes. This, in turn, has the potential to alter the properties of the protein. However, this is the Hollywood spoiler: most mutations do not result in any beneficial changes in protein properties.

In fact, mutations that change the properties of a protein are more likely to weaken the virus than to strengthen it.

Only mutations that confer an advantage (or make no difference) persist in DNA. To speak of a virus having “goals” and “intentions” with mutations is to speak from a human point of view. Likewise, there is debate as to whether the “ultimate virus” is the one that has survived undetected in you all your life, or that jumps quickly and easily between new hosts. Both would require extensive mutations, the results of which are too random to be planned.

Proteins are folded into extremely complex 3D shapes, based on interactions between amino acids in the same chain. Changing an amino acid that is essential for keeping the shape together, such as replacing a positively charged acid with a negatively charged acid, will change that shape.

Those billions of years of molecular sculpting that allow proteins to have the right shape to cooperate with are not compatible with sudden mutations and radically different shapes. No extra abilities, no superpowers – usually the protein doesn’t work the way it should. What if this protein is the key to the virus that infects you? Good news! This particular virus particle cannot harm you and this version of the mutated virus goes out.

So how does an organism, human or virus, continue if most mutations are bad for it? A common approach is to go back and correct the mutation.

During the administration of its system of transforming the DNA code into chains of amino acids to make a protein, evolution incorporated certain steps to verify the changes. If you’ve spent billions of years fine-tuning your plan, you want some protection for all that previous hard work. Therefore, humans and coronaviruses have corrective mechanisms for their DNA / RNA patterns.

This evolutionary proofreading is there to correct the “errors” that would change the proteins and inhibit the virus. Replay also reduces the speed of acquisition of beneficial mutations.

Not all amino acids are formally important, and changing them does not alter the protein. The most common mutations found in the coronavirus spike protein that crossed it and became established fall into the ‘no significant protein change’ group: replacing a large amino acid with another large amino acid. The biological equivalent of putting different tires on your car. Although these amino acids are different, the spike protein appears largely unchanged in its functioning. No better or worse for getting into cells.

Viruses act from generation to generation much faster than large organisms like us, and clusters of small changes can cluster together into meaningful differences more quickly. However, in the case of the newly identified variant in South East England, we do not yet have any evidence that this mutation makes the virus more harmful or transmissible.The conversation

Matt webster, Head of the Allied School of Health, Anglia Ruskin University

This article is republished from The conversation under a Creative Commons license. Read it original article.

The conversation

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Financial literacy should – but often doesn’t – start young https://islandcrisis.net/financial-literacy-should-but-often-doesnt-start-young/ https://islandcrisis.net/financial-literacy-should-but-often-doesnt-start-young/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/financial-literacy-should-but-often-doesnt-start-young/ Add It’s no secret that too many Americans make bad borrowing decisions, fail to save for retirement, and even lack basic budgeting skills. This financial literacy deficit starts early, say officials of local banks and credit unions, which is why institutions in the region are offering programs and classes to help people – teens and […]]]>

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It’s no secret that too many Americans make bad borrowing decisions, fail to save for retirement, and even lack basic budgeting skills. This financial literacy deficit starts early, say officials of local banks and credit unions, which is why institutions in the region are offering programs and classes to help people – teens and adults alike – forge better strategies for make their money work for them, not take them down. .

So many things, Lena Buteau says, boil down to tiny decisions that add up.

Have that morning coffee. If someone spends $ 2.69 at Dunkin ‘Donuts every morning, that’s well over $ 900 a year. Spend $ 7 or $ 8 on lunch five times a week instead of making lunch at home, and you’re looking at around $ 2,000 a year.

“When you think you can’t afford something, look at your daily expenses,” said Buteau, vice president of retail administration at Monson Savings Bank, while explaining the importance of MSB’s financial literacy programs, many of which target students but are also needed by many adults.

For example, people of all ages often struggle to understand the long-term impact of buying on credit, she noted, using the example of someone buying a laptop at 650. $ at Best Buy but who takes an offer of $ 150 to put it in store. 25% interest credit card then only pays the minimum each month. At this rate, this laptop would pay for itself in seven years – ultimately costing more than double its original price.

“When you explain this the kids are shocked at the numbers,” she said. “It really touches the house.”

Because so many habits and philosophies are forged early on, Buteau said, “We come in and teach students how to save, lend, credit scams, how to protect your money, and so much more.

And it’s not just schools, she added. “We want to go to church groups, to Boy and Girl Scout troops, to anyone who will give us an hour of time for a financial literacy class.”

“No disrespect for schools, but they don’t prepare kids for real life – how your credit score affects your insurance and car buying, how to handle a checkbook.”

Michael Ostrowski, President and CEO of Arrha Credit Union, said his institution internally focuses on financial literacy.

“No disrespect for schools, but they don’t prepare kids for real life – how your credit score affects your insurance and car buying, how to handle a checkbook. People no longer go to banks; they do stuff online and you can get ripped off if you don’t know what you are doing. ”

For this reason, Arrha has worked with high schools in the past on financial literacy programs and is currently planning another program for local students.

“When we were kids, we had home-ec lessons, and they taught us how to write a checkbook. They don’t do that anymore, and I don’t know why, ”Ostrowski said, before suggesting a possible reason. “With all the regulations that schools go through, for MCAS and stuff, they’ve bailed out programs like this, but they’re absolutely essential for the development and future lives of children.”

Jon Reske, VP of Marketing at UMassFive College Federal Credit Union, noted that financial literacy and education in general have long been part of the culture of credit unions.

“Why? Because unfortunately your parents and my parents probably never taught us anything about personal finance, especially if things weren’t going well at home,” he told BusinessWest. the opposite approach – we say your child should be involved in understanding how the budget works in your home.

Jon Reske says even good budgets can be disappointed with a bad loan - with long-term consequences.

Jon Reske says even good budgets can be disappointed with a bad credit loans – with long-term consequences.

“We also run workshops on a regular basis – everything from buying a home 101 to how to create a budget to understanding credit,” he added, noting that the latter is particularly critical, because the average American, between the ages of 21 and 65, will. borrow about $ 1.5 million, and bad decisions can escalate quickly and have a long-term impact. “You can be the biggest budget in the world and be smart with your pennies, but if you make bad borrowing decisions you can be overwhelmed with debt.”

Monson Savings also runs workshops for adults, such as first-time home buyers, and offers a Credit Builders Loan Program, which is an effective way, as the name suggests, to create credit without taking on debt. unmanageable. The customer borrows a certain amount from the bank, which is deposited into a savings account and is not accessible until the loan is repaid. Not only does the borrower create positive credit through one-off payments, but in the end, the balance, plus interest, is available for a down payment on a car or house, a cushion for emergencies – anything, really.

In short, institutions across the region understand the deficits that exist in financial literacy and how this influences the decision-making process – and how bad decisions can turn into years of heartache. And they’re doing something about it.

A matter of trust

A new national survey by Junior Achievement USA and Citizens Bank shows that over 30% of teens do not believe they will be financially independent from their parents by the age of 30. Sixty percent think they’ll own a home by this age, 44 percent think they’ll start saving for retirement, and 43 percent think they’ve paid off their student loans.

“With a strong economy, you’d think teens would be more optimistic. It just shows the importance of working with young people to help them better understand financial concepts and gain confidence in their ability to manage their financial future.

“These survey results show a bewildering lack of confidence among teens when it comes to meeting financial goals,” said Jack Kosakowski, President and CEO of Junior Achievement USA. “With a strong economy, you’d think teens would be more optimistic. It just shows the importance of working with young people to help them better understand financial concepts and gain confidence in their ability to manage their financial future.

Financial literacy has long been a cornerstone of Junior Achievement, but there is no shortage of educational programs available at credit unions and banks.

“Money is very emotional. It’s one of the hardest things to discuss, even with your spouse, ”Reske said. “And it’s hard to be objective. That’s why it’s good when people come to our workshops and say, “I’m not moved now; I look at the objective side. I wish I had taken this before I got this loan. ”

While money problems can seem overwhelming at times, he added, financial literacy tools are much more accessible than they were 10 years ago if people know where to look. He also described a number of concepts that UMassFive workshop participants could learn. For example:

• If you are able to pay the bills weekly, when they arrive, do it. This reduces the risk of missing a deadline and ending up with late fees, which is easy to do when you pay the entire stack of bills once a month.

• Start building an emergency fund. According to a US News & World Report study, two-thirds of Americans struggle – and often do – to find $ 1,000 for an emergency, such as an urgent car repair or medical procedure.

“So what’s going on? You put it on a credit card, and now you pay 21% interest, and soon $ 1,000 turns into $ 1,200, ”noted Reske. “And an emergency fund can keep you from missing a rent payment or not having your car repaired, which could lead to a larger repair in three to six months.”

• Check your credit report on an annual basis, if only to make sure everything is correct. “If your credit report activity is inaccurate, you get an inaccurate score, and most of the rates you get are based on your score.”

• Put each credit card on a minimum automatic payment so you don’t miss any payments – then pay more principal when the bill arrives in the mail. Plus, it’s not a bad idea to dedicate a single credit card to online shopping only, making it easier to identify instances of identity theft.

• Finally, it’s never too early to start saving for retirement. According to Forbes, 33% of adults have no savings for retirement.

“Social Security will pay for some of your expenses, but not all,” Reske said. “Time is more precious than money because of the compound interest. If you start planning at 50 or 55, you just don’t have enough time; you have wasted 20 years. And if you have a 401 (k) at work with employer correspondence and you’re not there, you’re dumb. ”

Budget battles

UMassFive also runs a workshop for high school students where they choose a career, receive a salary, and then go from station to station filling a budget in different categories, from accommodation, transportation and food to luxury items and student loans. – and trying to stay within that budget.

“Kids say, ‘I never knew how expensive things are,’” Reske said. “People wonder why a 40-year-old can’t find $ 1,000 for an emergency; it’s because they haven’t been taught that the key is to tackle problems as early as possible ”with smart budgeting followed by spending discipline.

Monson Savings runs a similar program in local schools. “One thing I am including in this is student debt. If you want to spend $ 30,000 a year in college and go for a $ 30,000 a year job, you won’t be able to pay that money back, ”Buteau said, stressing the importance of making smart decisions. regarding university – whether university is even the best option.

In fact, she said, many kids today are so focused on college – because that’s what their schools grow – that they may not know about careers. in trades that offer solid wages and no long-term debt.

One thing’s for sure: Whether in high school, college, early adulthood or beyond, there’s no bad time to learn more effective strategies for managing money, budgets and credit – in other words, to become more literate.

“If you’re sick, go to the doctor,” Buteau said. “If your car breaks down, you go to a mechanic. If your pipes are broken, you call a plumber. But if you have budget or funding issues, no one thinks of going to the bank for advice or a course. And it’s free. ”

And when it comes to finances, there’s nothing wrong with free.

Joseph Bednar can be reached at [email protected]

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CFPB accuses two of nation’s largest credit repair companies of cheating and deceiving customers https://islandcrisis.net/cfpb-accuses-two-of-nations-largest-credit-repair-companies-of-cheating-and-deceiving-customers/ https://islandcrisis.net/cfpb-accuses-two-of-nations-largest-credit-repair-companies-of-cheating-and-deceiving-customers/#respond Mon, 22 Mar 2021 09:38:10 +0000 https://islandcrisis.net/cfpb-accuses-two-of-nations-largest-credit-repair-companies-of-cheating-and-deceiving-customers/ Two of the country’s largest credit companies illegally billed customers for credit repair services and used deceptive advertisements to deceive and deceive consumers, the Consumer Financial Protection Bureau complaints. The CFPB this week filed a lawsuit against CreditRepair.com and Lexington’s Law, who the bureau says are two of the nation’s largest credit repair companies, alleging […]]]>

Two of the country’s largest credit companies illegally billed customers for credit repair services and used deceptive advertisements to deceive and deceive consumers, the Consumer Financial Protection Bureau complaints.

The CFPB this week filed a lawsuit against CreditRepair.com and Lexington’s Law, who the bureau says are two of the nation’s largest credit repair companies, alleging that the companies broke the telemarketing rule by requesting and receiving payment for prohibited upfront fees for credit repair services .

The lawsuit also alleges that the companies violated the Consumer Financial Protection Act by making false statements in its advertisements or by “substantially helping” others to do so.

The lawsuit also names several other companies, all of which are related or associated with the consumer outlets CreditRepair.com and Lexington Law.

The names of the CFPB trial PGX Fund and subsidiaries Progrexion Marketing, Progrexion Teleservices, eFolksand CreditRepair.com; and against John C. Heath, lawyer, which does business as Lexington Law.

Relationships between the companies are complicated, with different subsidiaries doing business on behalf of other companies, and in the case of Lexington Law, Progrexion carries out most of Lexington Law’s core business, but Heath, operating as Lexington Law Firm, is the face of Lexington Law, according to the CFPB.

Companies have also reportedly used themselves as lead outlets for credit repair services, and the problems start, according to the CFPB.

“The defendants operate two of the nation’s largest credit repair companies, Lexington Law and CreditRepair.com. They market their services through various media, including online and over the phone, offering to help consumers remove negative information from their credit reports and improve their credit scores, ”CFPB said in its action in justice.

“Consumers sign up for defendants’ credit repair services and pay hundreds of dollars in fees to improve their credit scores and gain better access to credit products on better terms,” CFPB continued.

To generate business, companies allegedly use a network of marketing affiliates that promote a variety of products and services, often related to consumer credit products, the CFPB said.

But this advertising is not always on the rise, says the CFPB.

“Progrexion’s marketing affiliates used deceptive bait ads to drive referrals to Lexington Law’s credit repair service,” CFPB said.

In one example, one of Progrexion’s “Most Successful Marketing Affiliates falsely advertised” that they guaranteed “EVERYBODY a 0-3.5% home loan, regardless of credit level at the start!” ”

But, according to the CFPB, the affiliate did not grant any bad credit loans. Rather, interested consumers were told that in order to participate in the (non-existent) loan program they had to subscribe to Lexington Law.

According to the CFPB, the Progrexion companies paid this affiliate marketer for every credit repair sale resulting from their efforts, despite knowing they had engaged in deceptive practices.

Beyond that, companies have also allegedly violated the law by requiring and accepting prepayment for certain credit repair activities.

As the CFPB notes, federal law prohibits requesting or receiving upfront payment for certain telemarketed credit repair services. Specifically, if a company offers services that purport to remove derogatory information from, or improve, a person’s credit history, credit report, or credit rating, the fee can only be collected after a certain amount of time has elapsed. time consuming and it has been shown that the promise of results has been achieved.

But according to the CFPB, the Progrexion companies billed consumers when they signed up for their credit repair services and on a monthly basis thereafter, ignoring the appropriate waiting period and failing to demonstrate that the promised results were achieved.

According to the CFPB, Progrexion makes most of its money selling the credit repair services offered by Lexington Law.

And the company sells these services by working with “affiliates” who send business to the companies through several methods, including a “hotswap” calling program.

Through this program, Progrexion businesses partner with businesses that offer certain products such as home capital leases, mortgages, auto loans or personal loans.

Affiliates market their loans through inbound and outbound calls. During these calls, affiliates identify consumers who could potentially need credit repair services.

While these people are still on the phone, their call is transferred from the affiliate to one of the Progrexion companies so the company can start selling its credit repair services. This call transfer is called a “hot swap”.

According to the CFPB, hotswaps typically occur directly after a caller has been denied a loan.

“The Hotswap program aims to convince consumers to purchase credit repair services when they have been denied a product or service they wanted,” CFPB said. “According to the Progrexion website, ‘This call-based program is so effective because it connects people to credit repair the moment they’ve been denied credit.’”

According to the CFPB, a “significant amount” of business credit repair activity is generated by these hotswaps.

In other cases, some of these affiliates used “advertisements which included bogus real estate listings, bogus rental housing opportunities, bogus relationships with lenders, bogus credit guarantees, and false and unsubstantiated statements. past consumer performance, “as well as” false and unsubstantiated claims about consumers’ chances of success in obtaining products and services such as capital leases, mortgages or personal loans “, as incentives to trying to get consumers to call.

In one case, one of Progrexion’s most prodigious sources of lead was a business that was supposed to offer low-interest mortgages, access to rent-to-own housing, and other products or services, but who in reality did not provide such products or services.

According to the CFPB, the company admitted that it was simply acting as an “affiliate call center that transfers potential clients to Lexington Law”. The anonymous company was responsible for sending over 100,000 people to Progrexion who signed up for credit repair services over a five-year period.

CFPB is suing Progrexion companies to prevent them from “engaging in ongoing illegal practices that harm consumers nationwide by charging consumers illegal upfront fees related to credit repair services and by marketing and telemarketing these services through misleading representations, and to obtain redress for consumers who have been harmed by these practices. ”

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