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Are The Teachers Unions Keeping the Schools Closed?

Are The Teachers Unions Keeping the Schools Closed?
Tyler Durden
Thu, 12/17/2020 – 21:20

Authored by Amelia Janaskie via The American Institute for Economic Research,

On Monday, December 7th, North Carolina teachers did not show up in…

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Are The Teachers Unions Keeping the Schools Closed? Tyler Durden Thu, 12/17/2020 - 21:20

Authored by Amelia Janaskie via The American Institute for Economic Research,

On Monday, December 7th, North Carolina teachers did not show up in their classrooms, but instead logged onto Facebook and posted photographs of themselves dressed in red with the caption, “A show of solidarity with our colleagues.”

This gesture was in defiance of the Orange County Superintendent’s call for teachers to return to schools and a way to protest school openings, on the grounds that it was too dangerous for teachers to do their jobs in person because of the coronavirus pandemic.

The local teacher’s union, Orange County Association of Educators, supported the movement in a Facebook post saying, “We have yet to hear sufficient rationale for how teaching from our classrooms helps our students, who can tell when our morale is low and our stress levels are high.”

Schools across the country – in New York City, DC suburbs, Pittsburgh, and so on – are closing again for fear that a new wave of infections will occur from holiday travel and more people staying indoors. In Orange County, the teachers are still unwilling to hold in-person classes even though the county is seeing a low positive test rate of 3.1%, well below the state’s positive test rate goal of 5%. 

It would be reasonable for teachers to oppose schools being open if Covid-19 posed a significant risk to students.

However, we knew early on that the science demonstrates there is virtually no risk of severe illness or death to children. On April 22nd, a study from The Journal of the American Medical Association (JAMA) found:

“Most children with COVID-19 presented with mild symptoms, if any, generally required supportive care only, and typically had a good prognosis and recovered within 1 to 2 weeks.”

Likewise, two months later, a study from the Lancet stated: “COVID-19 is generally a mild disease in children, including infants.”

In the US alone, only 254 young people under the age of 17 have died of Covid-19.

This number accounts for roughly 0.085% percent of Covid-19 deaths in the United States.

At the same time, school closures cause great harm to children and teenagers, especially in the long term. 

School districts across the country are observing much higher class failure rates compared to previous years. Salt Lake City schools reported the percentage of students falling below grade level jumped from 23 percent in 2019 to 32 percent in the first trimester of 2020. In Fairfax County, Virginia, the number of students who have two or more failing grades has increased by 83%. Significant evidence shows that a truncated school year supplemented with online learning is vastly inferior to the education children get in-person. Virtual learning is particularly harmful to students from poor socioeconomic backgrounds who do not have sufficient resources to support their learning.

Not only are students failing more classes, but enrollment is low. A survey of school administrators found that about 50 percent of respondents from Pre-K up to high school experienced either a large or small decline in enrollment, with Pre-K seeing the biggest decline of 62 percent. On a global scale, the United Nations projects that 24 million children are in danger of dropping out of school as a result of lockdowns and school closures. Lower enrollment may also be attributed to other factors, such as more parents choosing to homeschool their children since schools are closed.

In addition to the direct effects of school closures – educational deprivation – there are documented, serious unintended consequences. Child abuse is going unreported, because school personnel are the main source of reporting child maltreatment. Closures have severed the in-person interaction of children and teachers, putting children at risk. A National Institutes of Health (NIH) article studied Florida county-level data of maltreatment reports, finding 27% (15,000) fewer than expected in March and April alone.

The problem is not only that school personnel cannot observe children, meaning that abuse is going unnoticed. Many parents have lost their jobs due to lockdowns, creating enormous stress within a household that ultimately leads to child maltreatment. This is not mere speculation but is substantiated by the evidence: another NIH article concluded that “job loss during the COVID-19 pandemic is a significant risk factor for child maltreatment.” Thus, not only are child maltreatment cases going underreported, but they are increasing as more parents are dealing with the stress of job loss.

School closures also prevent the social interaction that is vital to children’s development, leading to increased feelings of isolation, depression, and anxiety. According to the Centers for Disease Control (CDC), between January and October of 2020, the number of mental health-related hospital visits increased by 24% for 5 to 11 year-olds and by 31% for 12 to 17 year-olds. 

School closures and other aspects of lockdowns have not only halted young people’s social interactions, but prevented doctor visits and participation in life milestones: school plays, proms, and graduations. The profusion of fear inundating society from media outlets and political figures leads children to feeling a loss of security and routine, which is extremely harmful to their psychological health.

Overall, a JAMA study shed light on the massive destruction that school closures have on children. The authors estimated a decrease of 5.53 million years of life for children due to school closures, owing to lower income, reduced educational attainment, and worse health outcomes.

Despite teachers’ worry about transmission in school, contracting the virus in schools is a low risk. An article from Nature, citing multiple studies, indicates that spread among children in schools is low. In fact, children are less likely to transmit the virus to adults (parents, staff members) than adults would infect each other. 

There are plenty of countries – EnglandSouth Korea, and Italy, for example – who also opened schools and saw low transmission in schools. In any event, at-risk teachers could be accommodated by allowing them to help their colleagues from home, for instance planning classes or grading papers. 

The data makes apparent that school closures are not a matter of public health. Instead, lobbying groups – who sway government officials to support their special interests – are central to the matter. They are teachers unions.

In a study aimed at understanding the external influences of school closures during the pandemic, Corey DeAngelis from Reason Foundation and Christos Makridis from MIT found teachers unions to be a significant factor.

They discovered that school districts are less likely to reopen when there is a strong union presence

"...we see that a 10% rise in union workers is associated with a one percentage point decline in the probability of reopening in person"

Furthermore, they “generally find that school district reopening decisions are unrelated to COVID-19 risk as measured by recent cases per capita and deaths per capita in the county.”

 Other studies have also found that school closures are tied to the presence of teachers unions, as opposed to the high rates of Covid-19, which one would expect.

While much of the public believes that politicians have their constituents’ best interest in mind, politicians are often acting at the behest of labor unions and other lobbying groups, which have been shown to sway them in ways that benefit their group and not the community as a whole.

Teachers unions are incentivized to lobby for themselves and reap high benefits, but their petitions ultimately lead to unintended consequences for children and their parents. 

Nothing provides more evidence for the devastation of lockdowns than school closures. In the midst of our focus on complete disease avoidance, we have failed to acknowledge an extremely important vulnerable group. Children. Though they may seem quiet, they are calling for our help.

At this point, confusion or debate over school openings is completely unfounded. We knew of the extremely low risk of Covid-19 for children in April.

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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