Baltic Dry Index. 2140 -05 Brent Crude 64.16
Spot Gold 1743
Coronavirus Cases 02/04/20 World 1,000,000
Deaths 53,100
Coronavirus Cases 14/04/21 World 138,027,700
Deaths 2,972,104
Abraham Lincoln, the 16th president of the United States, was assassinated by well-known stage actor John Wilkes Booth on April 14, 1865, while attending the play Our American Cousin at Ford's Theatre in Washington, D.C. Shot in the head as he watched the play,[2] Lincoln died the following day at 7:22 am, in the Petersen House opposite the theatre.
https://en.wikipedia.org/wiki/Assassination_of_Abraham_Lincoln
In the stock casinos, it was bubble on as usual. Inflation? What inflation, was the order of the day. Ignore the bad vaccine news too.
Still to this old dinosaur market follower, the punters just aren’t paying attention to what’s going on in the world. For more on that scroll down to the last articles in this section. One war or two?
World stocks hit record high as bond yields ease with inflation fears
Remember, President Biden just recently called President Putin a “killer.” If he really believes that why start provoking a “killer?”
“Can we all get
along,” said Rodney King in 1992. Apparently not in 2021.
During the riots, on May 1, 1992, King made a television appearance pleading for an end to the riots: I just want to say – you know – can we all get along? Can we, can we get along? Can we stop making it horrible for the older people and the kids?
https://en.wikipedia.org/wiki/Rodney_King
Ahead of U.S. visit to Taiwan, China terms exercises 'combat drills'
BEIJING (Reuters) -China described its military exercises near Taiwan as “combat drills” on Wednesday, hours before the arrival of senior former U.S. officials in Taipei on a trip to signal President Joe Biden’s commitment to Taiwan and its democracy.
Taiwan has complained over the proximity of repeated Chinese military activity, including fighter jets and bombers entering its air defence zone and a Chinese aircraft carrier exercising off the island, claimed by Beijing.
Twenty-five Chinese air force aircraft including fighters and nuclear-capable bombers entered Taiwan’s air defence identification zone (ADIZ) on Monday, the largest reported incursion by Taipei to date.
China’s Taiwan Affairs Office said Taiwan’s government and separatists were colluding with “external forces”, seeking provocation and to damage peace and stability.
“The People’s Liberation Army’s organising of actual combat exercises in the Taiwan Strait is a necessary action to address the current security situation in the Taiwan Strait and to safeguard national sovereignty,” spokesman Ma Xiaoguang said.
---- The United States, which like most countries only officially recognises China’s government and not Taiwan’s though is Taipei’s strongest international backer, has watched tensions mount with growing alarm.
Former U.S. Senator Chris Dodd and former Deputy Secretaries of State Richard Armitage and James Steinberg arrive in Taiwan later on Wednesday, in what a White House official called a “personal signal” of the president’s commitment to Taiwan and its democracy.
They are due to meet Taiwan President Tsai Ing-wen on Thursday, on a trip that could further strain Sino-U.S. relations. Tsai has repeatedly said Taiwan is an independent country called the Republic of China, its formal name.
Ma said a meeting with the president “will only exacerbate the tense situation in the Taiwan Strait”.
“We resolutely oppose the U.S.’ exaggeration of the so-called ‘Chinese military threat’ argument, and resolutely oppose the U.S. playing the ‘Taiwan card’ and continuing to send wrong signals to Taiwan independence forces,” he added.
More
Don't play with fire on Taiwan, China warns U.S.
April 13, 2021 9:19 AM By Gabriel Crossley
BEIJING (Reuters) - China told the United States on Tuesday to stop playing with fire over Taiwan and lodged a complaint after Washington issued guidelines that will enable U.S. officials to meet more freely with officials from the island that China claims as its own.
The U.S. State Department’s Friday decision to deepen relations with self-ruled Taiwan came amid stepped-up Chinese military activity around the island, including almost daily air force incursions into Taiwan’s air defence zone.
Chinese Foreign Ministry spokesman Zhao Lijian told reporters they had lodged “stern representations” with the United States.
China urges the United States “not to play with fire on the Taiwan issue, immediately stop any form of U.S.-Taiwan official contacts, cautiously and appropriately handle the matter, and not send wrong signals to Taiwan independence forces so as not to subversively influence and damage Sino-U.S. relations and peace and stability across the Taiwan Strait”, he said.
Washington has watched with alarm the uptick in tensions, and on Sunday U.S. Secretary of State Antony Blinken said the United States was concerned about China’s aggressive actions against Taiwan.
In a written response to Reuters on Blinken’s remarks, China’s Foreign Ministry said the government had the absolute determination to protect the country’s sovereignty.
“Don’t stand on the opposite side of 1.4 billion Chinese people,” it added.
---- While Washington officially recognises Beijing rather than
Taipei, like most countries, the United States is Taiwan’s most important international supporter and arms seller.
The United States is required by law to provide the island with the means to defend itself.
China believes the United States is colluding with Taiwan to challenge Beijing and giving support to those who want the island to declare formal independence.
Taiwan President Tsai Ing-wen says the island is an independent country called the Republic of China, its formal name, and that she will defend its freedom and security.
More
Russia calls U.S. an adversary, warns its warships to avoid Crimea
April 13, 2021 9:37 AM By Andrew Osborn, Alexander Marrow
MOSCOW (Reuters) - Russia on Tuesday called the United States an adversary and told U.S. warships to stay well away from Crimea “for their own good”, calling their deployment in the Black Sea a provocation designed to test Russian nerves.
Moscow annexed Crimea from Ukraine in 2014 and two U.S. warships are due to arrive in the Black Sea this week amid an escalation in fighting in eastern Ukraine, where government forces have battled Russian-backed separatists in a conflict Kyiv says has killed 14,000 people.
“The United States is our adversary and does everything it can to undermine Russia’s position on the world stage,” Deputy Foreign Minister Sergei Ryabkov was cited as saying by Russian news agencies.
“We do not see any other elements in their approach. Those are our conclusions,” the agencies quoted him as saying.
The comment suggests that the veneer of diplomatic niceties that the former Cold War enemies have generally sought to observe in recent decades is wearing thin.
U.S. President Joe Biden said in March that he thought his Russian counterpart Vladimir Putin was a killer who would “pay a price” for alleged meddling in U.S. elections - an accusation that Moscow denies.
Ryabkov’s remarks suggest Russia will in turn robustly push back against what it sees as unacceptable U.S. interference in its own backyard.
“We warn the United States that it will be better for them to stay far away from Crimea and our Black Sea coast. It will be for their own good,” said Ryabkov.
The West is sounding the alarm over what it says is a large unexplained build-up of Russian forces close to Ukraine’s eastern border and in Crimea, which NATO Secretary-General Jens Stoltenberg on Tuesday called on Moscow to unwind.
Russia has said it moves its forces around as it sees fit, including for defensive purposes, and has regularly accused NATO of destabilising Europe by moving its military infrastructure closer to Russia’s borders.
Ryabkov was cited as shrugging off U.S. talk of consequences for any “aggressive” Russian actions and as saying that Moscow had studied U.S. tactics towards Russia and adapted accordingly.
U.S. military support to Kyiv was a serious challenge for Russia, he added, accusing Washington and NATO of turning Ukraine into a “powder keg” with increasing arms supplies.
Washington says Ukraine needs a strong army to defend itself from potential Russian aggression.
“Any threat to us merely confirms our belief that our course is the right one,” Ryabkov was quoted as saying, warning U.S. warships in the Black Sea to keep their distance, given what he said was the high risk of unspecified incidents.
“There is absolutely nothing for American ships to be doing near our shores, this is purely a provocative action. Provocative in the direct sense of the word: they are testing our strength, playing on our nerves. They will not succeed,” Ryabkov said.
The Pentagon has declined to discuss the ships’ deployment, saying only that the U.S. military routinely sends vessels to the region.
Russia’s Black Sea Fleet is based in Crimea and it has powerful missile and radar facilities on the peninsula.
Russia confirmed on Tuesday it was continuing to move 15 navy vessels to the Black Sea from the Caspian Sea to take part in drills.
Inflation Watch.
Finally, inflation watch. Given our Magic Money Tree central banksters and our spendthrift politicians, inflation now needs an entire section of its own.
Nervous North American farmers set to 'seed in faith' into parched soils
April 12, 2021 12:08 PM By Rod Nickel, Julie Ingwersen
WINNIPEG, Manitoba/CHICAGO (Reuters) - Fields across the Canadian Prairies and the U.S. Northern Plains are among the driest on record, raising production risks in one of the world’s key growing regions for canola and spring wheat.
As planting season begins, the dusty soils generate fears that seeds will fail to germinate or yield smaller crops in a year when demand for canola already far outstrips supply. Unusually strong wheat exports to China for animal feed have also lowered global supplies of the main ingredient in bread and pasta.
Prices of canola, which is processed into vegetable oil and animal feed, hit all-time highs in February and Canadian supplies look to dwindle by midsummer to an eight-year low.
Spring wheat futures are trading near their highest levels since 2017, the last time significant drought gripped the northern U.S. Plains.
“I guess we seed in faith, hoping it’s going to rain,” said Steven Donald, 41, a fourth-generation member of a family-owned grain and cattle farm near Moosomin, Saskatchewan. “It’s the driest that we can remember.”
Donald’s fields are powder-dry. His pastures crunch under his boots and contain gaping cracks.
In eastern Saskatchewan and Manitoba, a dry winter followed scant rainfall during the last growing season, said Bruce Burnett, director of markets and weather at Glacier FarmMedia.
Much of western Manitoba had the driest or close to the driest winter in more than a century of records, according to Agriculture and Agri-Food Canada data. Most of arable Manitoba and southern Saskatchewan faces severe to extreme drought, the federal department said on Friday.
Many farmers are adjusting by scaling back canola plantings, said Neil Townsend, FarmLink Marketing Solutions’ chief market analyst, citing surveys. Canola is especially vulnerable to drought that can prevent seeds from germinating.
Across the border in North Dakota, the top U.S. spring wheat producer, the last six months have been the driest in records dating to 1895, said Adnan Akyuz, the state’s official climatologist. The latest weekly U.S. Drought Monitor showed 70% of North Dakota in “extreme drought,” up from 47% the previous week.
The Drought Monitor shows a better outlook for corn and soybeans, the main U.S. cash crops, mostly grown farther south.
More
Tire prices rising: Is it a sign of more to come?
Kathy McCarron April 13, 2021
AKRON — Tire prices are on the rise, due in large part to a combination of increased raw materials costs, higher shipping expenses and "changing market conditions."
Over the past few months, Tire Business has tracked as many as 20 tire-price increases from 10 major tire manufacturers, including multiple increases from all but three of them.
Goodyear, which issued tire price increases in December 2020 and April, noted in its fourth-quarter 2020 conference call in February that it expects raw materials costs to increase $125 million to $175 million during 2021, based on spot rates.
The tire maker said about two-thirds of raw materials costs are influenced by oil prices, and raw materials make up about 36% of the cost of goods sold (COGS). Goodyear said natural rubber and butadiene prices are above pre-COVID-19 levels, and carbon black prices have been rising steadily.
The U.S. Energy Information Administration (EIA) recently raised 2021 forecasts for U.S. and global benchmark oil prices, pointing to the recent decision by major oil producers to extend existing supply cuts through April.
----Meanwhile, according to S&P Global, synthetic rubber prices increased in the fourth quarter of 2020, in line with stronger feedstock and natural rubber prices.
Asia's natural rubber market firmed up in late 2020 due to a labor shortage created by the coronavirus pandemic. In addition, heavy flooding in southeast Asia impacted production. Southeast Asia accounts for more than two-thirds of global NR supply.
The Association of Natural Rubber Producing Countries (ANRPC) had forecast a 4.9% drop in global natural rubber supply in 2020, compared with 2019.
Here is a run-down (listed alphabetically) of the North American tire price hikes announced over the last six months:
More
https://www.tirebusiness.com/news/tire-prices-rising-it-sign-more-come
Covid-19 Corner
This section will continue until it becomes unneeded.
BRIEF-U.S. FDA Official Says One Death Reported Due To Blood Clot Event After J&J Vaccine
by Reuters Tuesday, 13 April 2021 14:52 GMT
* U.S. FDA OFFICIAL SAYS ONE DEATH REPORTED DUE TO RARE BLOOD CLOT AFTER J&J VACCINE, ONE PATIENT IS IN CRITICAL CONDITION
* U.S. FDA OFFICIAL SAYS HEALTH CARE PROVIDERS WHO SEE WITH EITHER A LOW BLOOD PLATELET COUNT OR BLOOD CLOTS SHOULD ESTABLISH WHETHER INDIVIDUAL HAS RECENTLY BEEN VACCINATED
* FOR PEOPLE WHO GOT J&J COVID-19 VACCINE MORE THAN A MONTH AGO, RISK OF BLOOD CLOT EVENTS IS VERY LOW AT THIS TIME- FDA OFFICIAL
* WE ARE NOT SEEING CLOTTING EVENTS WITH LOW PLATELET COUNT WITH COVID-19 VACCINES FROM PFIZER/BIONTECH AND MODERNA - CDC OFFICIAL
* U.S. FDA OFFICIAL EXPECTS PAUSE IN USE OF J&J VACCINE TO BE A "MATTER OF DAYS"
* U.S. HEALTH OFFICIAL SAYS LEADING HYPOTHESIS IS THE J&J COVID-19 VACCINE IN VERY RARE CASES IS CAUSING AN IMMUNE RESPONSE THAT LEADS TO THESE "EXTREMELY RARE" BLOOD CLOTS
* U.S. FDA OFFICIAL SAYS RECOMMENDATION TO PAUSE J&J COVID-19 VACCINE IS NOT A MANDATE
* U.S. FDA OFFICIAL SAYS UNCLEAR AT THIS TIME IF THERE IS ANY ASSOCIATION WITH ORAL CONTRACEPTIVE PILL IN INDIVIDUALS WHO HAD BLOOD CLOTS AFTER J&J VACCINE
* U.S. FDA OFFICIAL PETER MARKS DESCRIBES J&J VACCINE PAUSE AS "TEMPORARY" AND SAYS IT SHOULD NOT IMPACT OVERALL U.S. VACCINATION EFFORTS
* FDA OFFICIAL SAYS "IT'S PLAINLY OBVIOUS" THAT THE EVENTS WITH J&J COVID-19 VACCINE LOOK "VERY SIMILAR" TO CASES REPORTED IN RELATION TO ASTRAZENECA VACCINE.
https://news.trust.org/item/20210413134718-jugko
Australia reports second Astrazeneca blood clot case, vaccine rollout steady
April 13, 2021 2:14 AM By Renju Jose
SYDNEY (Reuters) -Australia said on Tuesday a second person had been diagnosed with a blood clot after receiving the AstraZeneca Plc vaccine but there had been no rise in inoculation cancellations as authorities try to steady a bungled immunisation campaign.
This week Australia abandoned a goal of vaccinating all of its nearly 26 million population by year-end, after Europe’s drug regulator reported rare cases of blood clots among some adult recipients of AstraZeneca doses, suggesting a link.
This prompted Australian officials to recommend that those younger than 50 receive the Pfizer Inc’s vaccine in preference to AstraZeneca’s shot, throwing the vaccination programme into disarray.
“We had anticipated potentially a significant drop (in vaccination numbers, but that is) not what we have seen at this stage,” Health Minister Greg Hunt told reporters in Canberra.
Authorities meanwhile said they have no plans to add Johnson & Johnson’s one-dose vaccine to its immunisation drive, as Australia wanted to move away from procuring vaccines that were under review of potential links to blood clots.
The COVID-19 vaccines of Johnson & Johnson and AstraZeneca use an adenovirus, a harmless class of common-cold viruses, to introduce coronavirus proteins into cells in the body and trigger an immune response.
Both products are under review by Europe’s drug regulator after it found possible links with blood clots, although it has said the advantages still outweighed the risks.
“The government does not intend to purchase any further adenovirus vaccines at this time,” a health ministry spokeswoman told Reuters.
Australia’s immunisation drive was heavily reliant on the AstraZeneca vaccine, with plans to manufacture 50 million doses in the country. The policy change prompted authorities last week to double an earlier Pfizer order to 40 million shots.
More
U.K. COVID-19 strain doesn’t lead to more deaths, study finds
Published: April 13, 2021 at 1:11 a.m. ET
The coronavirus variant first identified in the United Kingdom spreads more easily than older strains but doesn’t lead to more severe disease among hospitalized patients, a new study found.
People infected late last year with the variant, known as B.1.1.7, had more virus in their bodies than patients infected with older strains, a sign the newer variant is more infectious, according to the study published online Monday by the medical journal The Lancet Infectious Diseases. But the patients hospitalized with B.1.1.7 didn’t die at higher rates or have worse outcomes overall.
The findings add to scientists’ understanding of B.1.1.7’s impact, which has become especially important now that the strain has come to dominate cases in the U.K., U.S. and some other countries.
“If you need hospitalization, you’re not worse with this variant compared to the previous virus strain,” said Eleni Nastouli, a clinical virologist and pediatrician at University College London and senior author on the paper.
“Of course, if you’re requiring hospital admission for Covid, that is a worry,” she added. “But it’s not more than the previous strain.”
India reels amid virus surge, affecting world vaccine supply
NEW DELHI (AP) — The Indian city of Pune is running out of ventilators as gasping coronavirus patients crowd its hospitals. Social media is full of people searching for beds, while relatives throng pharmacies looking for antiviral medicines that hospitals ran out of long ago.
The surge, which can be seen across India, is particularly alarming because the country is a major vaccine producer and a critical supplier to the U.N.-backed COVAX initiative. That program aims to bring shots to some of the world’s poorest countries. Already the rise in cases has forced India to focus on satisfying its domestic demand — and delay deliveries to COVAX and elsewhere, including the United Kingdom and Canada.
India’s decision “means there is very little, if anything, left for COVAX and everybody else,” said Brook Baker, a vaccines expert at Northeastern University.
Pune is India’s hardest-hit city, but other major metropolises are also in crisis, as daily new infections hit record levels, and experts say that missteps stemming from the belief that the pandemic was “over” are coming back to haunt the country.
When infections began plummeting in India in September, many concluded the worst had passed. Masks and social distancing were abandoned, while the government gave mixed signals about the level of risk. When cases began rising again in February, authorities were left scrambling.
---- India is not alone. Many countries in Europe that saw declines in cases are experiencing new surges, and infection rates have been climbing in every global region, partially driven by new virus variants.
Over the past week, India had averaged more than 130,000 cases per day. It has now reported 13.5 million virus cases since the pandemic began — pushing its toll past Brazil’s and making it second only to the United States’, though both countries have much smaller populations. Deaths are also rising and have crossed the 170,000 mark. Even those figures, experts say, are likely an undercount.
Nearly all states are showing an uptick in infections, and Pune — home to 4 million people — is now left with just 28 unused ventilators Monday night for its more than 110,000 COVID-19 patients.
The country now faces the mammoth challenge of vaccinating millions of people, while also contact-tracing the tens of thousands getting infected every day and keeping the health system from collapsing.
More
Regeneron says antibody drug effective at preventing, treating COVID-19
April 12, 2021 / 7:30 AM
April 12 (UPI) -- Regeneron said Monday it will ask the Food and Drug Administration to expand emergency use authorization for its antibody drug to be used as a preventative treatment against COVID-19.
The drugmaker said late-stage clinical trials showed that its REG-COV antibody treatment was 72% effective in protecting household contacts from exposure to symptomatic COVID-19 in the first week and 93% effective in the following weeks.
"These data suggest that REGEN-COV can complement widespread vaccination strategies, particularly for those at high-risk of infection," Dr. Myron Cohen, director of the Institute for Global Health and Infectious Diseases at the University of North Carolina, said in a statement.
Cohen said the treatment has been shown to retain its potency against emerging COVID-19 variants.
"If authorized, convenient subcutaneous administration of REGEN-COV could help control outbreaks in high-risk settings where individuals have not yet been vaccinated, including individual households and group living settings," Cohen added.
Dr. Dan H. Barouch co-principal investigator of the trial and Director of the Center for Virology and Vaccine Research at Beth Israel Deaconess Medical Center, said Regeneron's trials showed that the antibody has also shown to be an effective treatment after exposure.
"The rapid and robust protection, together with the subcutaneous route of administration, support the practical utility of these antibodies in protecting against COVID-19 in multiple settings, including after high-risk exposures," Barouch said.
Former President Donald Trump took the antibody treatment after he tested positive for COVID-19 last fall. The FDA gave emergency approval in November.
Next, some vaccine links kindly sent along from a LIR reader in Canada. The links come from a most informative update from Stanford Hospital in California.
World Health Organization - Landscape of COVID-19 candidate vaccines. https://www.who.int/publications/m/item/draft-landscape-of-covid-19-candidate-vaccines
NY Times Coronavirus Vaccine Tracker. https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html
Stanford Website. https://racetoacure.stanford.edu/clinical-trials/132
Regulatory Focus COVID-19 vaccine tracker. https://www.raps.org/news-and-articles/news-articles/2020/3/covid-19-vaccine-tracker
Some other useful Covid links.
Johns Hopkins Coronavirus resource centre
https://coronavirus.jhu.edu/map.html
Rt Covid-19
Centers for Disease Control Coronavirus
https://www.cdc.gov/coronavirus/2019-ncov/index.html
The Spectator Covid-19 data tracker (UK)
https://data.spectator.co.uk/city/national
Technology Update.
With events happening fast in the development of solar power and graphene, I’ve added this section. Updates as they get reported.
A breakthrough that enables practical semiconductor spintronics
Date: April 8, 2021
Source: Linköping University
Summary: It may be possible in the future to use information technology where electron spin is used to store, process and transfer information in quantum computers. It has long been the goal of scientists to be able to use spin-based quantum information technology at room temperature. Researchers have now constructed a semiconductor component in which information can be efficiently exchanged between electron spin and light at room temperature and above.
It may be possible in the future to use information technology where electron spin is used to store, process and transfer information in quantum computers. It has long been the goal of scientists to be able to use spin-based quantum information technology at room temperature. A team of researchers from Sweden, Finland and Japan have now constructed a semiconductor component in which information can be efficiently exchanged between electron spin and light at room temperature and above. The new method is described in an article published in Nature Photonics.
It is well known that electrons have a negative charge, and they also have another property, namely spin. The latter may prove instrumental in the advance of information technology. To put it simply, we can imagine the electron rotating around its own axis, similar to the way in which the Earth rotates around its own axis. Spintronics -- a promising candidate for future information technology -- uses this quantum property of electrons to store, process and transfer information. This brings important benefits, such as higher speed and lower energy consumption than traditional electronics.
Developments in spintronics in recent decades have been based on the use of metals, and these have been highly significant for the possibility of storing large amounts of data. There would, however, be several advantages in using spintronics based on semiconductors, in the same way that semiconductors form the backbone of today's electronics and photonics.
---- Researchers at Linköping University, Tampere University and Hokkaido University have now achieved an electron spin polarisation at room temperature greater than 90%. The spin polarisation remains at a high level even up to 110 °C. This technological advance, which is described in Nature Photonics, is based on an opto-spintronic nanostructure that the researchers have constructed from layers of different semiconductor materials. It contains nanoscale regions called quantum dots. Each quantum dot is around 10,000 times smaller than the thickness of a human hair. When a spin polarised electron impinges on a quantum dot, it emits light -- to be more precise, it emits a single photon with a state (angular momentum) determined by the electron spin. Thus, quantum dots are considered to have a great potential as an interface to transfer information between electron spin and light, as will be necessary in spintronics, photonics and quantum computing. In the newly published study, the scientists show that it is possible to use an adjacent spin filter to control the electron spin of the quantum dots remotely, and at room temperature.
The quantum dots are made from indium arsenide (InAs), and a layer of gallium nitrogen arsenide (GaNAs) functions as a filter of spin. A layer of gallium arsenide (GaAs) is sandwiched between them. Similar structures are already being used in optoelectronic technology based on gallium arsenide, and the researchers believe that this can make it easier to integrate spintronics with existing electronic and photonic components.
"We are very happy that our long-term efforts to increase the expertise required to fabricate highly-controlled N-containing semiconductors is defining a new frontier in spintronics. So far, we have had a good level of success when using such materials for optoelectronics devices, most recently in high-efficiency solar-cells and laser diodes. Now we are looking forward to continuing this work and to unite photonics and spintronics, using a common platform for light-based and spin-based quantum technology," says Professor Mircea Guina, head of the research team at Tampere University in Finland.
Anyone who has ever looked into the glazed eyes of a soldier dying on the battlefield will think hard before starting a war.
Otto von Bismarck
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