Tag: 上海夜网BU

Asia’s factory activity plunges as coronavirus shock deepens

first_imgWhile factories in China gradually restarted operations after lengthy shutdowns and a fall in virus cases allowed the country to start relaxing travel restrictions, activity in South Korea shrank at its fastest pace in 11 years as many of its trading partners imposed dramatic measures to curb the virus’ spread.”If you look at the Korean numbers, they’re fairly bad … They’re likely to get worse still because Korea will be dependent on parts from Europe and the United States,” said Rob Carnell, Asia-Pacific chief economist at ING in Singapore.”[Policymakers] have to accept the inevitable that there is a massive global pandemic here, there is an outbreak in almost every country globally and certainly in our region, which is getting to levels that if they don’t take very dramatic action, it’s going to get much worse,” he said.Japan’s factory activity contracted at the fastest pace in about a decade in March, adding to views that the world’s third-largest economy is likely already in recession. A separate “tankan” survey by the Bank of Japan showed on Wednesday that business sentiment soured to a seven-year low in the three months to March, as the outbreak hit sectors from hotels to carmakers.”The tankan clearly shows a sharp deterioration in business sentiment and confirms the economy is already in recession,” said Yasunari Ueno, chief market economist at Mizuho Securities.China’s Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 last month, from February’s record low of 40.3, and just a notch above the 50-mark that separates growth from contraction.South Korea’s IHS Markit PMI plunged to 44.2, its lowest since January 2009 when the economy was reeling from the global financial crisis. The index was 48.7 in February.Japan’s PMI fell to a seasonally adjusted 44.8 from a reading of 47.8 in February, its lowest since April 2009. The ruling coalition has called on the government to secure a stimulus package worth at least 60 trillion yen ($553 billion), with 20 trillion yen in direct spending.Policymakers across the globe, including in Asia, have announced massive monetary and fiscal stimulus measures to try to mitigate the economic fallout from the pandemic, keep cash-started businesses afloat and save jobs.But many measures have been short-gap steps to deal with the immediate damage to corporate funding and shore up financial systems.The International Monetary Fund has said the pandemic was already driving the global economy into recession, calling on countries to respond with “very massive” spending to avoid bankruptcies and emerging market debt defaults. Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in China.Manufacturing gauges also tumbled in Indonesia, Vietnam and the Philippines, Purchasing Managers’ Index (PMI) surveys showed on Wednesday, underscoring the widening damage brought by the pandemic that has infected more than 700,000 people, upended supply chains and led to city lockdowns worldwide.China’s factory activity improved slightly more than expected in March after plunging a month earlier, a private business survey showed, but growth was marginal, highlighting the intense pressure facing businesses as domestic and export demand slumps.center_img Topics :last_img read more

Beckham’s Miami picks top US college scorer in MLS draft

first_imgDavid Beckham’s Inter Miami selected US collegiate leading goalscorer Robbie Robinson with the first pick in Thursday’s Major League Soccer SuperDraft – and Beckham even called to congratulate him. The 21-year-old American scored 18 goals and set up nine others in 19 matches for Clemson University, which lost to Stanford in the national tournament quarter-finals. Promoted Content10 Risky Jobs Some Women DoWho Is The Most Powerful Woman On Earth?The Very Last Bitcoin Will Be Mined Around 2140. Read MoreA Guy Turns Gray Walls And Simple Bricks Into Works Of Art20+ Albino Animals That Are Very Rare And Unique9 Facts You Should Know Before Getting A TattooJason Statham Bought And Sold A Multi-Million Dollar HouseWhich Country Is The Most Romantic In The World?5 Of The World’s Most Unique Theme ParksLaugh, Cry, Or Just Relax With The Best Series Streaming On HBO8 Weird Facts About Coffee That Will Surprise YouThe Most Exciting Cities In The World To Visit Retired English football star Beckham, president of the Inter Miami expansion team that will debut March 1 at Los Angeles FC, praised the striker in a video chat after the selection. “Welcome to Miami,” Beckham said. “It’s a very exciting year for us. You had a great season. It was a joy to watch. We’re very excited for you to bring your skills to our city. “We’re excited about you being able to contribute to the team and develop as a player and we’re excited to have you in our club.” Inter also chose right-back Dylan Nealis of US college champion Georgetown with the number three overall selection.Advertisement Read Also: Beckham to appoint ex-EPL manager son at Inter Miami Beckham’s long-delayed MLS expansion club, obtained as part of the deal which saw him play for the Los Angeles Galaxy from 2007-2012, will kick off in Fort Lauderdale with plans to open a new stadium in Miami for the 2022 campaign. Inter Miami’s first home game is set for March 14 against Beckham’s former club, the Galaxy. Argentine teen Julian Carranza is expected to secure a forward spot with Colombian-born American Juan Agudelo and German-born US national team forward Jerome Kiesewetter likely to line up down the wings. FacebookTwitterWhatsAppEmail分享 center_img Loading… Beckham’s Miami picks top US college scorer in MLS draft https://t.co/TTvSTIauV0 pic.twitter.com/BxUcWtYlsI— Scoopwithchris.com (@scoopwithchris) January 9, 2020last_img read more

Gould School partners with law institute to support veterans

first_imgCORRECTION: A previous version of this article incorrectly stated that servicemembers that fail drug tests are prevented from receiving an other-than-honorable discharge. Actually, they are prevented from receiving an honorable discharge. The Daily Trojan regrets the error. The Veterans Legal Institute visits an Orange County courthouse on a field trip. The institute provides legal aid for veterans in issues like debt, family, law, child support and employer disputes. Photo courtesy of Dwight StirlingThe Gould School of Law has partnered with the Veterans Legal Institute to manage a Los Angeles-based legal clinic that serves veterans.The VLI is the only legal aid in the country that exclusively helps low-income veterans and members of the military, while operating as a nonprofit organization funded primarily by donations and grants. The institute receives applications from low-income veterans and works to meet their needs. “We get approximately 10 applications on a daily basis, over 70 per week,” said Dwight Stirling, the institute’s CEO. “The number of applications we’ve been receiving are on an upward trajectory. We assist every veteran that applies to us.” Stirling is a Gould alumnus and said he believes that the collaboration with the law school benefits the surrounding community, as well as USC students. The VLI decided to branch out to Los Angeles due to the larger population of veterans within the city, along with working with USC.“The partnership between the VLI and the campus is a big deal,” Stirling said. “It allows law students to obtain an educational foundation while helping those that served our country.”Stirling explained that working with veterans fosters an unparalleled experience for employees and student associates.“What makes us unique is the fact that we primarily help veterans, and over time, we learn to speak their language,” Stirling said. “When folks come here, they are talking to people that understand them. When they talk to people that understand where they come from, they tend to open up.”Michael Su, a graduate law student, who worked at the institute over the summer, felt his perspective on the veteran community expanded through his work. “The whole point of this partnership is to bring people in so that they can see and engage in a community that they are otherwise disconnected from,” Su said. “There is a real need among the veteran community. It was incumbent on me to use what I know to help a community that I have a very personal connection with.”Su notes this opportunity exists even for students who aren’t pursuing a formal law school education.The VLI addresses a wide variety of client interests and works to resolve issues that involve multiple facets of the law. The institute primarily serves young military veterans who are in the process of assimilating to the civilian world. “We provide assistance with many complications you would see in the life of a normal young person,” Stirling said. “This includes family law, child support, disputes with employers and issues regarding debt or eviction. These are the low-level civil disputes that young people tend to have, and if they can’t find legal aid, these disputes can develop into larger problems.” Despite institutions and practices in place to assist veterans, Stirling believes that the problems manifested today are rooted in systemic failures to seek and preemptively address issues that affect U.S. servicemembers.“We as a nation are recruiting our young people to serve in the military, and it tends to be people that don’t necessarily have other opportunities,” Stirling said. “They go to the military to gain experience and eventually make use of educational opportunities provided by the GI bill.” However, Stirling explained that a number of these servicemembers come from a lower socioeconomic background. Many come back from service faced with residual trauma, he said. “They are the tip of the spear on the war on terror, and a lot of our veterans, experience trauma — trauma that you sustain doesn’t go away,” Stirling said. PTSD is a common byproduct of exposure to severe trauma without treatment, according to Stirling. Far too often, self-help methods including drugs and alcohol are used in an attempt to alleviate psychological pain. When these methods are employed, many servicemembers fail drug tests, preventing them from receiving an honorable discharge.The VLI works closely with veterans to petition for a discharge upgrade; such an upgrade is described by Stirling as restorative and redemptive.Technical matters aside, the VLI provides solace within the veteran community. “The most important part of this work is being able to simply listen,” Stirling said. “The veterans that ask for our help often have a very pressing need and are looking for people to hear them out. This is the law at its most basic and fundamental level. Somebody has a problem, and we get to fix it.”last_img read more