Advertisement

5 Things Holding Up the Second Stimulus Package

5 things holding up the second stimulus package

BEGIN ARTICLE PREVIEW:

For many Americans, 2020 is one of the most challenging years of their lives. The coronavirus disease 2019 (COVID-19) pandemic has led to a complete upheaval of societal norms, sent the U.S. unemployment rate to levels not seen in over eight decades, and cost roughly 165,000 Americans their lives.
While the fight against the coronavirus continues in laboratories around the world, U.S. lawmakers felt that the best way to tackle the financial maelstrom brought on by the pandemic was to throw a record amount of money at it. This is how the Coronavirus Aid, Relief, and Economic Security (CARES) Act came into being on March 27.

Image source: Getty Images.

A well-intentioned stimulus bill that missed the mark at the individual level
The $2.2 trillion CARES Act was a monster when it was signed into law. Its price tag is nearly triple that of what the Obama administration produced to save ailing banks during the financial crisis. The CARES Act ultimately provided $100 billion to hospitals to help fight COVID-19 infections, offered $500 billion to distressed industries, apportioned close to $350 billion for small business loans, and allotted $260 billion for an expansion of the unemployment benefits program for the four-month period ended July 31, 2020.
But most of …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE

Two Million Californians Go Dark and the Heat Is Just Beginning

iam platform login page background

BEGIN ARTICLE PREVIEW:

(Bloomberg) — As many as two million Californians were plunged into darkness over the course of four hours late Friday in the first rolling blackouts to hit the state since the 2001 energy crisis.And that was only Day One. A relentless heat wave is expected to blanket California through the middle of next week, sending temperatures soaring past 110 degrees Fahrenheit (43 degrees Celsius) in some parts. People blasting their air conditioners and fans to keep cool are straining the region’s power system and raising the specter of a repeat of Friday’s sudden and largely unannounced outages.It started at about 6:30 p.m. local time on Friday, when California’s grid operator determined through a complex calculation that the state’s power reserves had fallen below a critical threshold and called a Stage 3 grid emergency, which triggers what it describes as “load interruption.” The last time such a declaration was made during the 2000 and 2001 electricity crisis, hundreds of thousands of homes and businesses took turns being plunged into darkness, power prices surged to a record and the state’s largest utility was forced into bankruptcy.“We had an energy shortfall,” Anne Gonzales, a spokeswoman for grid manager California Independent System …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Two Million Californians Go Dark and the Heat Is Just Beginning”

Emotional Robots: Can Robots be our Emotional Companion?

emotional robots: can robots be our emotional companion?

BEGIN ARTICLE PREVIEW:

The current pandemic has made us befriend one technology which is often considered as our intellectual rival: robots. We have read several accounts of how robots have been resourceful in helping us fight the harrowing effects of COVID, like assisting us in our mission to find a cure drug and even sanitize public spaces. However, the crisis has also shown that robots can be our emotional support too. The scientists from Heriot-Watt University in Edinburgh, have programmed robots to address the instances of loneliness caused due to social distancing and isolation that have become new normal and mandatory due to COVID. This is not the first time that researchers around the world have been experimenting with emotional AI for the greater good of humans. Mauro Dragone, who is the project’s lead scientist, believes that this study can help understand the needs of the most vulnerable at this time and what technology could be used to make their lives better.
Her team at Heriot-Watt University, are working to incorporate robots in social care as a potential solution to reach out to vulnerable groups affected by the social distancing measures that have resulted in decreased visits and restricted activities. In this …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Emotional Robots: Can Robots be our Emotional Companion?”

Are robotic pets the best for what may ail us?

are robotic pets the best for what may ail us?

BEGIN ARTICLE PREVIEW:




CNN reports that lifelike robotic pets are helping senior citizens in some of the same ways real pets do.Now these are not the robot pets of our youth. You know, the wind-up, painted metal toy with grinding gears? They had a lever which simulated a bark, followed by a backflip, when pulled,These fancy new ones are produced by Ageless Innovation, and can be found at joyforall.com. They retail for more than $100.Senior care agencies in Alabama, New York, Florida and Pennsylvania have partnered with the manufacturer to provide the products in senior care centers, especially now, during mandatory COVID-19 quarantine measures. Their goal is to provide companionship for isolated seniors.The company’s story is pretty remarkable and certainly speaks to the designers and leadership who saw opportunity. Many previously worked for one of the nation’s biggest toy companies and left to take the chance at success.But are these robot pets meant for adults? The fact is, industry foresight showed an enormous deficit in the market for products that bring fun and play to the older adult market.“Play knows no age limit?” Hey, count me in.The product line is called, “Companion Pets.”Yes, …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Are robotic pets the best for what may ail us?”

Hertz Names New Finance Chief After Jamere Jackson Steps Down

iam platform login page background

BEGIN ARTICLE PREVIEW:

Hertz Global Holdings sought chapter 11 protection in May as Americans reduced travel due to the coronavirus pandemic.

Photo:

Scott Olson/Getty Images

By

Nina Trentmann
Close
Nina Trentmann

Biography

@Nina_Trentmann

nina.trentmann

nina.trentmann@wsj.com

Aug. 14, 2020 8:10 pm ET

Hertz Global Holdings Inc.

promoted its chief accounting officer to chief financial officer, succeeding Jamere Jackson, who the company said resigned to pursue a new opportunity.

The bankrupt car-rental company appointed R. Eric Esper, its head of accounting since November 2018, as CFO, effective immediately. Mr. Esper previously served as the company’s controller and before that worked in various finance roles at

Norwegian Cruise Line Holdings Ltd.

His annual base salary will increase to $510,000 from $375,000 as part of the move, Hertz said. Mr. Esper will retain responsibility for accounting, according to a spokeswoman.

R. Eric Esper.

Photo:

Hertz Global Holdings Inc.

Mr. Jackson, who had been CFO since September 2018, will remain with Hertz until Sept. 11 to assist with the transition and will forfeit his retention bonus, the Estero, Fla.-based company said in a filing with regulators.

Hertz is one of several companies in recent months that have paid bonuses to senior executives shortly before filing for chapter 11, a move …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Hertz Names New Finance Chief After Jamere Jackson Steps Down”

Robot boat completes three-week Atlantic mission

robot boat completes three-week atlantic mission

BEGIN ARTICLE PREVIEW:

A UK boat has just provided an impressive demonstration of the future of robotic maritime operations.The 12m-long Uncrewed Surface Vessel (USV) Maxlimer has completed a 22-day-long mission to map an area of seafloor in the Atlantic.SEA-KIT International, which developed the craft, “skippered” the entire outing via satellite from its base in Tollesbury in eastern England.The mission was part-funded by the European Space Agency.Robot boats promise a dramatic change in the way we work at sea.Already, many of the big survey companies that run traditional crewed vessels have started to invest heavily in the new, remotely operated technologies. Freight companies are also acknowledging the cost advantages that will come from running robot ships.But “over-the-horizon” control has to show it’s practical and safe if it’s to gain wide acceptance. Hence, the demonstration from Maxlimer.

The USV was despatched from Plymouth in late July and sent to a location some 460km (220 miles) to the south-west.With a multi-beam echo-sounder attached to its hull, the boat mapped more than 1,000sq km of continental shelf area, down to about a kilometre in depth.This was a segment of seafloor that had essentially no modern data registered with the UK …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Robot boat completes three-week Atlantic mission”

Robotics and Automation News Review: Fanuc and Kuka launch new robots, Pittsburgh ready to go to ‘infinity and beyond’, Foxconn moves operations out of China, and much more…

robotics and automation news review: fanuc and kuka launch new robots, pittsburgh ready to go to ‘infinity and beyond’, foxconn moves operations out of china, and much more…

BEGIN ARTICLE PREVIEW:

Robotics and Automation News Review: Fanuc and Kuka launch new robots, Pittsburgh ready to go to ‘infinity and beyond’, Foxconn moves operations out of China, and much more…

By continuing to use the site, you agree to the use of cookies. more information AcceptThe cookie settings on this website are set to “allow cookies” to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click “Accept” below then you are consenting to this.Close

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Robotics and Automation News Review: Fanuc and Kuka launch new robots, Pittsburgh ready to go to ‘infinity and beyond’, Foxconn moves operations out of China, and much more…”

St. Peter’s Health Partners to cut 76 finance jobs

st. peter’s health partners to cut 76 finance jobs

BEGIN ARTICLE PREVIEW:

ALBANY — St. Peter’s Health Partners is eliminating 76 jobs in its finance unit as a restructuring plan begun 22 months ago nears completion.
The Albany-based medical system, with 12,000 employees in more than 170 locations, has been part of national Catholic health system Trinity Health since 2013. The SPHP jobs are being eliminated so that their function can be centralized at Trinity.
SPHP said Friday in a prepared statement that the employees of its Revenue Excellence department were told of the impending changes in October 2018. It said many of the 76 employees losing their jobs will have the opportunity to transition into roles with Michigan-based Trinity, and will be able work remotely from the Capital Region if they like.
SPHP said all will be eligible for outplacement services and benefits including a paid notice period, severance pay and health benefits during the severance period.
SPHP provided notice to the state Department of Labor on Monday and said the last day of work for the affected employees would be Nov 9.
Sixty-one of the 76 employees work on the Albany Memorial Hospital campus in Albany, 11 work in a Colonie office and four work on the St. Mary’s Hospital campus in Troy.
Their titles include data analyst, collection …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “St. Peter’s Health Partners to cut 76 finance jobs”