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This crypto kid had a $23,000-a-month condo. Then the Feds came.

InternationalFeb 14. 2021An engineer walks by mining rigs at the Evobits crypto farm in Cluj-Napoca, Romania, on Jan. 22, 2021. MUST CREDIT: Bloomberg photo by Akos Stiller.

By Syndication Washington Post, Bloomberg · Chris Dolmetsch

Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.

Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price fluctuations. A little more than a year after it started, he bragged the fund had returned 500%, a claim that produced a flurry of new money from investors.

He became so flush with cash, Qin signed a lease in September 2019 for a $23,000-a-month apartment in 50 West, a 64-story luxury condo building in the financial district with expansive views of lower Manhattan as well as a pool, sauna, steam room, hot tub and golf simulator.

In reality, federal prosecutors said, the operation was a lie, essentially a Ponzi scheme that stole about $90 million from more than 100 investors to help pay for Qin’s lavish lifestyle and personal investments in such high-risk bets as initial coin offerings. At one point, facing client demands for their money, he variously blamed “poor cash flow management” and “loan sharks in China” for his troubles. Qin, now 24 and expressing remorse, pleaded guilty in federal court in Manhattan on Feb. 4 to a single count of securities fraud.

“I knew that what I was doing was wrong and illegal,” he told U.S. District Judge Valerie E. Caproni, who could sentence him to more than 15 years in prison. “I deeply regret my actions and will spend the rest of my life atoning for what I did. I am profoundly sorry for the harm my selfish behavior has caused to my investors who trusted in me, my employees and my family.”

The case echoes similar cryptocurrency frauds, such as that of BitConnect, promising people double-and triple-digit returns and costing investors billions. Ponzi schemes like that show how investors eager to cash in on a hot market can easily be led astray by promises of large returns. Canadian exchange QuadrigaCX collapsed in 2019 as a result of fraud, causing at least $125 million in losses for 76,000 investors.

While regulatory oversight of the cryptocurrency industry is tightening, the sector is littered with inexperienced participants. A number of the 800 or so crypto funds worldwide are run by people with no knowledge of Wall Street or finance, including some college students and recent graduates who launched funds a few years ago.

Qin’s path started in college, too. He had been a math whiz who planned on becoming a physicist, he told a website, DigFin, in a profile published in December, just a week before regulators closed in on him. He described himself on his LinkedIn page as a “quant with a deep interest and understanding in blockchain technology.”

In 2016, he won acceptance into a program for high-potential entrepreneurs at the University of New South Wales in Sydney with a proposal to use blockchain technology to speed up foreign exchange transactions. He also attended the Minerva Schools, a mostly online college based in San Francisco, from August 2016 through December 2017, the school confirmed.

He got the crypto bug after an internship with a firm in China, he told DigFin. His task had been to build a platform between two venues, one in China and the other in the U.S., to allow the firm to arbitrage cryptocurrencies.

Convinced he had happened upon a business, Qin moved to New York to found Virgil Capital. His strategy, he told investors, would be to exploit the tendency of cryptocurrencies to trade at different prices at various exchanges. He would be “market-neutral,” meaning that the firm’s funds wouldn’t be exposed to price movements.

And unlike other hedge funds, he told DigFin, Virgil wouldn’t charge management fees, taking only fees based on the firm’s performance. “We never try to make easy money,” Qin said.

By his telling, Virgil got off to a fast start, claiming 500% returns in 2017, which brought in more investors eager to participate. A marketing brochure boasted of 10% monthly returns — or 2,811% over a three-year period ending in August 2019, legal filings show.

His assets got an extra jolt after the Wall Street Journal profiled him in a February 2018 story that touted his skill at arbitraging cryptocurrency. Virgil “experienced substantial growth as new investors flocked to the fund,” prosecutors said.

The first cracks appeared last summer. Some investors were becoming “increasingly upset” about missing assets and incomplete transfers, the former head of investor relations, Melissa Fox Murphy, said in a court declaration. (She left the firm in December.) The complaints grew.

“It is now MID DECEMBER and my MILLION DOLLARS IS NOWHERE TO BE SEEN,” wrote one investor, whose name was blacked out in court documents. “It’s a disgrace the way you guys are treating one of your earliest and largest investors.”

Around the same time, nine investors with $3.5 million in funds asked for redemptions from the firm’s flagship Virgil Sigma Fund LP, according to prosecutors. But there was no money to transfer. Qin had drained the Sigma Fund of its assets. The fund’s balances were fabricated.

Instead of trading at 39 exchanges around the world, as he had claimed, Qin spent investor money on personal expenses and to invest in other undisclosed high-risk investments, including initial coin offerings, prosecutors said.

So Qin tried to stall. He convinced investors instead to transfer their interests into his VQR Multistrategy Fund, another cryptocurrency fund he started in February 2020 that used a variety of trading strategies — and still had assets.

He also sought to withdraw $1.7 million from the VQR fund, but that aroused suspicions from the head trader, Antonio Hallak. In a phone call Hallak recorded in December, Qin said he needed the money to repay “loan sharks in China” that he had borrowed from to start his business, according to court filings in a lawsuit filed by the Securities and Exchange Commission. He said the loan sharks “might do anything to collect on the debt” and that he had a “liquidity issue” that prevented him from repaying them.

“I just had such poor cash flow management to be honest with you,” Qin told Hallak. “I don’t have money right now dude. It’s so sad.”

When the trader balked at the withdrawal, Qin attempted to take over the reins of VQR’s accounts. But by now the SEC was involved. It got cryptocurrency exchanges to put a hold on VQR’s remaining assets and, a week later, filed suit.

By the end, Qin had drained virtually all of the $90 million that was in the Sigma Fund. A court-appointed receiver who is overseeing the fund is looking to recover assets for investors, said Nicholas Biase, a spokesman for acting Manhattan U.S. Attorney Audrey Strauss. About $24 million in assets in the VQR fund was frozen and should be available to disperse, he said.

In South Korea when he learned of the probe, Qin agreed to fly back to the U.S., prosecutors said. He surrendered to authorities on Feb. 4, pleaded guilty the same day before Caproni, and was freed on a $50,000 bond pending his sentencing, scheduled for May 20. While the maximum statutory penalty calls for 20 years in prison, as part of a plea deal, prosecutors agreed that he should get 151 to 188 months behind bars under federal sentencing guidelines and a fine of up to $350,000.

That fate is a far cry from the career his parents had envisioned for him — a physicist, he had told DigFin. “They weren’t too happy when I told them I had quit uni to do this crypto thing. Who knows, maybe someday I’ll complete my degree. But what I really want to do is trade crypto.”

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Virus variant first detected in the U.K. has been deadlier, study confirms

InternationalFeb 14. 2021

By The Washington Post · Miriam Berger

Scientists had already determined that the variant of the novel coronavirus first detected in November in the United Kingdom – known as B.1.1.7. because of its molecular makeup – was probably 30 to 70% more transmissible than the typical version of the virus causing covid-19.

They also knew, based on preliminary data, that the variant appeared relatively more deadly for the growing number of people catching it.

U.K. scientists now say its probably 30 to 70% more deadly based on a follow-up study by the government released Friday that assessed a larger sample size of covid-19 patients and also found a higher rate of hospitalization.

The variant is “associated with an increased risk of hospitalization and death compared to infection” with other forms of the virus, according to the study, which drew from multiple databases across England.

There are still many unknowns: The data available to study has noteworthy gaps among critical demographics, such as nursing homes, and provides an incomplete tally of infections, a problem persisting throughout the pandemic. But it does underscore how – even with efforts to fast-track fighting the virus – scientific data takes time to gather and access, despite the pressing need for information.

In the months since the variant was first reported – and the weeks since British Prime Minister Boris Johnson initially said it appeared to be deadlier – the highly-transmissible form of the virus has spread to more than 80 countries, including the United States, and become the dominant strain in some parts of England. It has led to overwhelmed hospitals, disrupted travel and business, and necessitated a return to lockdowns in cities across Europe, even as coronavirus vaccination programs roll out to inoculate millions of people. Scientists sequencing the virus have also detected several other highly-transmissible variants, such as one that was first documented in South Africa.

The rapid spread of variants led Britain in January to institute a comparatively longer and stricter lockdown than the country’s previous ones. As The Washington Post reported, other countries in Europe who first reported surges in cases this winter have recently seen declines in their rates of transmission after prolonged shutdowns were put in place to prevent further spread of the B.1.1.7 variant.

Alongside lockdowns, some countries in Europe also increased their face-mask requirements and recommendations in response to initial reports about the threat of the variants. On Wednesday, the U.S. Centers for Disease Control and Prevention issued new guidelines urging people to wear two cloth masks or medical grade masks, when available, to limit the chance of spreading or contracting the various forms of the virus in circulation.

So far, the makers of the Moderna and Pfizer-biotech coronavirus vaccines have said their products remain effective against the latest forms of the virus. Studies of these variants and the various vaccines under development or emergency use are ongoing.

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Oxford-AstraZeneca begins a vaccine trial for children. It’s the youngest group yet to be tested.

InternationalFeb 14. 2021

By The Washington Post · Kim Bellware

Oxford University announced Friday it started testing its coronavirus vaccine in children as young as six in a move that expands coronavirus vaccine trials to the youngest age group yet.

The Oxford trial will include 300 child volunteers ages 6 to 17, with 240 of them receiving the vaccine co-developed with drugmaker AstraZeneca; the remaining participants will receive a control meningitis vaccine that has been proven safe in children but is expected to mimic similar side effects of a covid-19 shot, the university said in a statement.

Before the Oxford/AstraZeneca trial, testing had not included children younger than 12. Three other companies – Pfizer, Moderna and Janssen – have announced plans to start trials for younger children this spring.

Only the Pfizer-BioNTech and Moderna vaccines have been authorized in the United States thus far. Johnson & Johnson has a single-shot vaccine that could be authorized in March. U.S. regulators are still waiting for more trial data before approving the Oxford-AstraZeneca vaccine, which is already in use in the European Union.

Even with clinical trials for younger patients underway, children are not expected to widely receive the vaccine for months and may not until 2022. Richard Malley, a senior physician in the Division of Infectious Diseases at Boston Children’s Hospital said he does not expect vaccinations in children to start until next calendar year

“We really want to make sure they’re safe and well-tolerated in children, particularly when there’s a low risk-benefit ratio,” Malley told The Washington Post Saturday. Coronavirus has not shown itself to be as dangerous in most children as it is in older adults, making it less critical to race out testing for children.

“The risk-benefit calculus you have to do should lead you to want to do this only if it’s extraordinarily safe in pediatric populations,” he said.

The Oxford trial’s small sample size of 300 children who span a decade in age is meant to serve as a jumping-off point and not the final word on how the vaccine will be tolerated by young patients.

Malley said in a 300-person trial, the purpose is to determine what he called a “global response” and tell researchers at a high level if the vaccine is safe, well-tolerated and able to produce an immune response in children.

While the development and rollout of various coronavirus vaccine candidates has occurred at an unprecedented speed, clinical trials expanding now to younger children follow the standard pattern of all vaccine testing, Malley said.

“In any vaccine study, you’re generally starting with healthy adults and slowly move into different age categories going up or down to make sure it’s safe for other adults,” Malley said.

For some health experts, the timeline of expanding clinical trials to teenage and younger patients has been disappointingly slow, particularly given the strength of the safety data for adults who have taken the vaccine.

American Association of Pediatrics President Sally Goza wrote to federal leaders in September arguing pediatric trials were essential for curbing the pandemic, given the potential of older children to be vectors for the disease.

“While some studies have shown that children under the age of 10 may be less likely to become infected and less likely to spread the virus to others, more recent data suggest children older than 10 years may spread SARS-CoV-2 as efficiently as adults,” Goza wrote.

Malley, the Boston Children’s Hospital doctor, said even though children are roughly half as likely as an adult to transmit coronavirus, inoculating younger populations is crucial to achieving herd immunity.

“When you read that kids are less likely to transmit, it’s roughly by a factor of two – so it’s not zero,” he said, noting that the virus variants that have emerged may further change the equation.

Malley also points to the fact that while children broadly have not suffered severe or lingering illness from covid-19 the way adults have, some children have developed acute respiratory failure and multisystem inflammatory syndrome, or MIS-C – a rare but serious illness than be fatal or leave children with lasting heart damage.

So far in the United States, at least 11,000 children and teenagers have been hospitalized and at least 215have died, according to a Jan. 28 report from the American Academy of Pediatrics.

“Even though these are rare, they can be catastrophic,” Malley said. “If the vaccine is safe and can be tolerated, it can save lives.”

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Virginia man charged with helping plan Capitol attack will be jailed until trial

InternationalFeb 13. 2021

By The Washington Post, Tom Jackman, Spencer S. Hsu and Rachel Weiner

WASHINGTON – A Virginia man accused of being a coordinator in the Jan. 6 attack on the Capitol was ordered held in jail until his trial, with a federal judge finding Friday that his messages to others discussing bringing weapons to Washington and future attacks on state capitols made him a danger “not just to the community but actually to the fundamental fabric of democracy we also cherish.”

Thomas Caldwell, 66, of Berryville, Va., is charged with conspiring with two Ohio members of the conservative Oath Keepers to obstruct the electoral vote count, destroy government property and enter a restricted area, though prosecutors acknowledge he didn’t enter the Capitol building. Caldwell spoke up three times as U.S. District Judge Amit Mehta in the District of Columbia explained his reasons for detaining the retired Navy commander and former FBI employee.

“Your honor, these things are taken out of context,” Caldwell said as Mehta quoted messages allegedly sent by Caldwell discussing a “Quick Response Team” on the Potomac River “with the heavy weapons standing by,” and one message after the Jan. 6 siege that read, “Lets storm the capitol in Ohio. Tell me when!”

“I didn’t send that,” Caldwell interjected. “My life hangs in the balance,” he also told the judge, who repeatedly advised him not to speak.

Mehta cited a series of communications Caldwell allegedly had since November, over Facebook and other media, to support his finding that Caldwell was a danger to the community and not eligible for release. He said Caldwell apparently joined with others “to plan a potential militarylike incursion on the Capitol on Jan. 6,” noting one message allegedly sent by Caldwell that said, “I believe we will have to get violent to stop this.”

The judge was also troubled by prosecutors’ contention that after the riot Caldwell deleted Facebook messages and photos he had posted of himself at the Capitol, which Mehta characterized as destroying evidence. Caldwell also allegedly invited co-defendants Jessica M. Watkins and Donovan Crowl, from Woodstock, Ohio, to stay at his house and store their military equipment with him. Both Watkins and Crowl appear in photos inside the Capitol.

Caldwell was arrested at his home on Jan. 19, and federal officials said a search turned up a document titled “Death List.” Mehta asked for specifics about the item, which prosecutors said named “an election official from another state.” Assistant U.S. Attorney Kathryn Rakoczy sent a photo of the list to the judge and Caldwell’s attorney, Thomas Plofchan Jr., during the hearing; she said it contained the name of one election official from another state who had been in the news, as well as a relative of the official.

Mehta and the lawyers did not name the official, and the judge said he did not consider it in his ruling.

Plofchan said Caldwell denies that he has any death list. “My client doesn’t even recall the words ‘death’ or ‘list’ being on a piece of paper in his house,” the lawyer said.

The judge said Caldwell’s use of undetectable electronic communications couldn’t be monitored round-the-clock. “Given the extensive planning” for Jan. 6, Mehta said, “given the extensive degree of communications, I don’t have any confidence that Mr. Caldwell won’t continue to engage in this kind of conduct and this behavior and planning with others if he were to be released.”

Caldwell is being held at the Central Virginia Regional Jail in Orange. Plofchan said after the hearing, “The government controls at this stage. As my client kept trying to say, context is everything. And a defense attorney can’t counter what we don’t know about.”

Plofchan said Caldwell was not a member of the Oath Keepers, had no history of violence and didn’t pose a threat to the community.

At least two other alleged participants in the Jan. 6 riot also appeared Friday before federal judges in Washington. Daniel Adams, an East Texas man accused of mobilizing rioters to push past police, also unsuccessfully sought his release.

Assistant U.S. Attorney Troy Edwards said Adams was one of the first people in the building and was so aggressive with police that they responded with force and left him with a head injury.

Defense attorney Gary Proctor said Adams was at most “middle management” in the assault and that his behavior at the Capitol was an “aberration.”

Judge Zia Faruqui agreed that Adams “was incited.” Without naming anyone, the judge said “Someone poured the gasoline around the capitol building,” and “all it took was one spark to light the bonfire.” But, Faruqui said, he couldn’t let Adams out of jail for fear he would be inflamed again: “We’re at a moment still that is a tense moment.”

An attorney for another defendant, Matt Bledsoe, asked U.S. District Judge Beryl A. Howell to remove his GPS monitoring, saying Bledsoe didn’t mean he himself intended to “execute them all” – as he texted after the Jan. 6 riot – but instead that, as a subscriber to the extremist ideology QAnon, he imagined that lawmakers would be executed by proper authorities in a Judgment Day apocalypse. Howell rejected that, saying “QAnon believers will confront facts and reality in court.”

“What happened January 6 is no fantasy for people inside the Capitol,” Howell said, “or for people in the country. The defendant is entitled to his beliefs. He can believe the QAnon theory. He can believe the earth is flat. He can believe what he wants, but he is not entitled to break the law, and his conduct was such a risk to others that keeping track of his whereabouts while pending trial is a wise decision.”

She said that in six months, if the case remains pending and Bledsoe abides by his release conditions without exception, his attorney could argue that he had shown his responsibility.

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Manhattan man charged with threatening lawmakers, cable news personalities

InternationalFeb 13. 2021

By The Washington Post, Shayna Jacobs

NEW YORK – A Manhattan man threatened to kill a governor, current and former members of Congress and several cable news personalities, targeting them via live Instagram videos and private Facebook messages, federal prosecutors said Friday.

Rickey Johnson, 47, who also goes by Nigel Dawn Defarren, was arrested Thursday night and made his initial court appearance Friday. He is charged with making threatening interstate communications and threatening United States officials. A judge ordered that he remain detained.

A criminal complaint detailing the allegations does not identify the lawmakers or their political affiliations, nor the news networks that employ the broadcasters. It refers to the victims only by job titles, including a former House-speaker, a sitting governor, and a current U.S. senator and U.S. representative. None holds office in New York, the complaint says.

A spokesman for the Manhattan U.S. attorney’s office declined to comment on the targets of Johnson’s alleged threats.

The arrest comes amid an alarming rise in politically charged threats aimed at public officials and members of the news media – and just weeks after a mob of rioters, many who’ve said they were inspired by then-President Donald Trump, breached the U.S. Capitol in a failed bid to block the certification of President Biden’s election victory. The attack resulted in five deaths, including that of a Capitol Police officer. Two other officers died by suicide after the assault, which left numerous law enforcement personnel seriously injured.

It was not clear from Johnson’s criminal complaint whether he is affiliated with a political party or another movement, although it says that in one Instagram video he asserted “Donald Trump supporters kill police officers.”

Johnson, according to the complaint, referred to his victims as “domestic terrorists” and, in addressing one of the broadcasters specifically, “an enemy to the American society.” He spoke of executing the governor “in the name of the United States Constitution,” the complaint says, noting too that, in a video made Feb. 4 and targeting one of the media personalities, Johnson allegedly said: “I want this white woman dead. . . . I am going to kill you with my bare hands.”

His court-appointed attorney Zawadi Baharanyi told the judge that Johnson is a military veteran, having served in the 1990s. Prosecutor Patrick Moroney said Johnson had been working as a food-delivery messenger and rode his bike around the city “including to the building where many of the victims work.”

In one of his Instagram videos, Johnson referred to the Lower Manhattan neighborhood where one of the broadcasters lives and described an encounter Johnson took to be a slight, though authorities did not say whether there is evidence such an encounter occurred. Johnson was seen “taking the subway with his bike to that downtown neighborhood and then riding around,” Moroney said.

“Law enforcement has been in touch with several of the victims and they’re scared,” he added.

Baharanyi said there was “no indication or reason for us to believe that he is intending to or would carry out these threats.”

U.S. Magistrate Judge Gabriel Gorenstein denied Johnson’s release citing his significant criminal record and what he called “very serious” threats.

Johnson previously spent five years in prison on drug charges, according to prosecutors, who told the court he has multiple prior arrests including for suspicion of burglary and stalking, plus open warrants in Alabama and Georgia.

The U.S. attorney’s office credited detectives with the New York Police Department’s Intelligence Bureau with helping to identify Johnson. In the complaint, officials said the NYPD was able to track the IP address used in making the posts to an address Johnson recently used.

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Howard University, other HBCUs open clinics to help distribute coronavirus vaccines

InternationalFeb 13. 2021

By The Washington Post, Lauren Lumpkin and Danielle Douglas-Gabriel

WASHINGTON – The medical school dean dashed between vaccine stations, assisting nurses administering doses to patients and saying hello to people waiting for shots. He also greeted the men and women who stood in line at the Howard University College of Medicine on Thursday, thanking them for coming.

Howard opened a clinic this week on its campus in the District of Columbia to help increase access to coronavirus vaccines. Staff at the university’s hospital called their patients personally to invite them to get vaccinated, debunk myths and ease any fears.

“We encourage them, we try to . . . explain to them that it’s safe,” Hugh Mighty, Howard’s medical school dean, said.

Howard and other historically Black colleges and universities have emerged as partners in the country’s coronavirus rollout, serving not only as clinics for vaccines but also working to engender trust in the inoculations.

“If you look at the proportion of people of color who have died from the virus, it’s been disproportionate,” Mighty said. “As an HBCU who is connected to the community and has some trust in that community, we certainly try to make sure that we’re paying attention.”

A similar effort is underway at Meharry Medical College in Nashville, Tenn. In the past month, the school has vaccinated about 950 people in surrounding Davidson County. The school has also conducted clinical trials and administered coronavirus tests during the pandemic.

“It was important for us to do our part in participating in the clinical trials . . . so that when we got to the point of encouraging individuals of color to get the vaccine, we would have been there from the inception,” said Cherae Farmer-Dixon, dean of the School of Dentistry at Meharry, who heads the university’s vaccine clinic.

Farmer-Dixon said that while distrust of the vaccine remains a constant, there has been an outpouring of interest from Black people who want to learn more about the shot and when they can get one. Now, the biggest hurdles are limited supply and a vaccination schedule that Farmer-Dixon worries is a mismatch for the community.

Nashville is inoculating residents ages 75 and older, but some of the greatest need is among younger Black and Latino people with preexisting conditions, such as diabetes and cardiovascular disease, Farmer-Dixon said.

“You have to meet people where they are,” Farmer-Dixon said. “Have mobile vaccine sites, have pop-up vaccine sites in African American and Hispanic communities. The other part of that is partnering with people in those communities that people trust.”

Meharry is working with the city and state on those issues. Being a partner of the county health department in vaccine distribution means Meharry can directly voice concerns about disparities in distribution of the vaccine, Farmer-Dixon said. That’s an invaluable position, she said, to get the community’s needs met and further gain their trust.

The nation’s four Black medical schools – Howard, Meharry, the Morehouse School of Medicine in Atlanta and the Charles R. Drew University of Medicine and Science in California – are working together toward that end.

“There is power in numbers,” Farmer-Dixon said. “Talking to and educating not only our immediate community but working with the three other Black medical schools so that we are all having the same conversations within our communities is important.”

The push among HBCUs to support the vaccination effort has not been without challenges. Last fall, the presidents of Dillard and Xavier universities – two historically Black schools in Louisiana – encouraged their campuses to enroll in clinical vaccine trials in which they had participated. The backlash was swift.

“Sorry, not using my child as a guinea pig,” one woman commented on Xavier’s Facebook page. Skeptics also referenced Henrietta Lacks and the Tuskegee syphilis study – two medical cases that deepened distrust of health providers within the Black community. “While I understand the necessity of a diverse pool of candidates to test the vaccine, why start with HBCUs?” another person wrote.

“I get the fear, but . . . we’re dying disproportionately,” Walter Kimbrough,president of Dillard, said in an interview last fall. “We’re disproportionately hospitalized. We’ve disproportionately lost our jobs. We’re disproportionately impacted by this virus, so why wouldn’t you do something that would protect you so you can go earn a living again?”

This week, Kimbrough said some of the skepticism has died down as more prominent Black leaders have stepped up to build community confidence in the vaccine. The university’s chief medical officer, for example, has shared information during the pandemic as an on-air contributor for a television station in New Orleans.

“We’ve got to have more people like that who can speak to us where we are,” Kimbrough, who is Black, said. “We need more trusted people who look like us who are doctors. We need way more people doing public health, the education part.”

Presidents, including Wayne Frederick at Howard University and David Wilson from Morgan State University, have publicized their getting their vaccinations in hopes of sending the message to skeptics that the treatment is safe.

Black churches have teamed up with clinics to convince their congregations to take the vaccine. In a special aired on BET, actor, director and studio head Tyler Perry spoke to medical experts and received his shot on-air.

People are warming up to the idea of getting their shots, but there is more work to do.

“Louisiana is just getting into the mass vaccination sites . . . and to have some in some spaces that are familiar with Black folks is good,” Kimbrough said. “We have to keep doing these kinds of things.”

InclusivCare, a health-care provider in Louisiana, is in talks with Dillard to use the campus as a vaccination site. The university has already offered drive-through and walk-up testing for area residents.

Florida A&M University in Tallahassee is also preparing to assist in the state’s vaccine rollout, Larry Robinson, the school’s president, said at a recent event with other HBCU leaders. Encouraged by the success of the school’s testing clinic – which has administered more than 250,000 tests since April – Robinson said the school also has a responsibility to ensure the community is vaccinated.

“We really need to get the word out,” Robinson said, adding that leaders at historically Black institutions have a “much better chance of convincing folks in our communities to get vaccinated.”

“If people don’t come get vaccinated, then we’re going to suffer unduly, and we’ve seen the suffering already, the disparities, the death,” he said.

That anxiety is what pushed Tasya Bracey, a 46-year-old chef from Bowie, Md., to get vaccinated on Howard’s campus Thursday.

“Death is not fun,” Bracey said, adding she has an 8-year-old daughter who needs her.

Bracey, one of 500 people to receive a dose of the Pfizer vaccine at Howard this week, said she did not hesitate to get inoculated. She was encouraged by friends who are doctors and vouched for the treatment.

Now that she’s finished with both doses, Bracey said she’s not in a rush to go live her life like she did before the pandemic.

“I’m not going to change,” she said. “I’m still going to have my mask on. I still won’t hug my mom.”

Mumbi Carter, 72, said she will also continue to wear a mask and avoid crowds. She received her final dose of the vaccine Thursday and is hopeful more people in her community will follow suit.

Carter, from Suitland, Md., encouraged people to “listen to the science.”

Carter’s friend, 75-year-old Johnnie Harris, compared the vaccine to wearing a shield.

“It’s a small price to pay to help the community,” Harris said about 15 minutes after getting the shot. “I feel great.”

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U.S. will not require passengers to get covid test before domestic flights

InternationalFeb 13. 2021

By The Washington Post, Lori Aratani

WASHINGTON – Federal health officials said they will not require domestic travelers to show proof that they have tested negative for the coronavirus before boarding flights, a measure that had drawn vocal opposition from airline industry.

“At this time, CDC is not recommending required point of departure testing for domestic travel,” the agency said in a statement issued Friday evening. “As part of our close monitoring of the pandemic, in particular the continued spread of variants, we will continue to review public health options for containing and mitigating spread of COVID-19 in the travel space.”

Earlier in the day, White House officials met with the heads of several major U.S. carriers, all of whom were vehemently opposed to such a mandate.

“We appreciated the opportunity to meet with the administration this morning,” said Nicholas Calio, chief executive of Airlines for America, who was among those who met with Jeff Zients, the administration’s coronavirus response coordinator, and other officials. “We had a very positive, constructive conversation focused on our shared commitment to science-based policies as we work together to end the pandemic, restore air travel and lead our nation toward recovery.”

Following that meeting, the Biden administration signaled that it did not plan to put a testing requirement in place.

“Reports that there is an intention to put in new requirements such as testing are not accurate,” White House press secretary Jen Psaki said.

In interviews this week, Transportation Secretary Pete Buttigieg said there was an “active conversation” with the Centers for Disease Control and Prevention about a testing program.

Federal health officials last month began requiring all international travelers to show proof that they had tested negative for the coronavirus before boarding flights to the United States, with the goal of reducing the spread of the virus and its variants. About the same time, CDC officials said they also were weighing a similar testing requirement for domestic travelers.

That idea drew sharp pushback from airlines, unions and some lawmakers, who said it would be logistically impossible to launch and would further harm an industry struggling to stay afloat. Chief executives at several major airlines pointed to passenger declines on international routes after the testing requirement took effect, even though many had supported the decision.

Most health experts agree that ramping up testing can be an effective strategy for identifying and isolating those who might have the virus, particularly individuals who show no signs of infection.

A report this week from a team of researchers at Harvard’s T.H. Chan School of Public Health and funded by the aviation industry said testing can play a key role in stopping the spread of the virus.

“Viral testing is an important public health screening mechanism that can quickly and efficiently identify those with infections and stop them from undergoing activities that could expose others, including potential travel,” said the report, which recommended steps that airports could take to reduce the risk that travelers could catch the virus.

Edward Nardell, a member of the study team and professor in the departments of environmental health and immunology and infectious diseases at Harvard’s T.H. Chan School of Public Health, said testing might also offer another benefit to travelers: peace of mind.

“I know I’d feel much more comfortable, particularly in a long flight, if I had some assurance that no one on that flight is carrying detectable virus at the time you take off, but there are enormous logistics,” he said. “It can be done on a small scale, [but] the question is what would it take to do it on a large scale and that’s where we get into the unknowns from our perspective.”

There also are questions about who would pay for the tests.

Henry Wu, an associate professor at the Emory University School of Medicine in Atlanta and director of the Emory TravelWell Center, said while such a strategy could be effective at preventing infected passengers from bringing the virus to the United States, a domestic mandate might be less effective since people can use other modes to move between states. One exception, Hawaii, has a testing requirement for visitors who want to avoid quarantine, he said.

Still, Wu said, testing airlines passengers could make sense in some instances.

“Covid-19 is already present in all states, but a key goal of testing is to limit spread of the new variants that have not widely circulated yet,” he said. “Airline passengers are probably traveling farther, so a test requirement before flying could help slow the spread, but the impact would depend on the relative number of travelers using other modes of transportation.”

Despite their opposition to a testing mandate, many airlines and airports have seized on preflight testing as a way to add an extra layer of assurance to nervous travelers.

In November, United Airlines announced it would offer free testing to passengers on select flights between Newark Liberty International Airport and London’s Heathrow Airport, effectively guaranteeing that everyone on board had tested negative for the coronavirus before departure. At least two dozen U.S. airports also now offer coronavirus testing on-site.

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Biden asks for pause in Trump’s effort to ban WeChat

InternationalFeb 12. 2021

By The Washington Post
Jeanne Whalen

WASHINGTON – The Biden administration on Thursday asked a federal appeals court to place a hold on proceedings surrounding the Trump administration’s attempted ban of the Chinese social media app WeChat, a day after it asked a different court for a similar delay involving a TikTok case.

In both cases, the administration said it needed time to review the Trump administration’s proposed bans, which are now the subject of appeals hearings.

“As the Biden Administration has taken office, the Department of Commerce has begun a review of certain recently issued agency actions, including the Secretary’s prohibitions regarding the WeChat mobile application at issue in this appeal,” the Justice Department said in a filing Thursday with the Ninth Circuit Court of Appeals in San Francisco.

“In relation to those prohibitions, the Department plans to conduct an evaluation of the underlying record justifying those prohibitions. The government will then be better positioned to determine whether the national security threat described in the President’s August 6, 2020 Executive Order, and the regulatory purpose of protecting the security of Americans and their data, continue to warrant the identified Prohibitions,” the filing said.

The filing added that the Biden administration “remains committed to a robust defense of national security as well as ensuring the viability of our economy and preserving individual rights and data privacy.”

The Biden administration used similar language in a request it filed Wednesday with the U.S. Court of Appeals for the District of Columbia Circuit, asking for a delay in proceedings involving President Donald Trump’s proposed TikTok ban.

Trump tried to prohibit both apps last fall, calling them national security threats because they collected “vast swaths” of data on Americans and offered the Chinese Communist Party avenues for censoring or distorting information.

A federal magistrate in San Francisco temporarily halted Trump’s proposed WeChat ban in September over First Amendment concerns, in response to a lawsuit filed by WeChat users. A federal court in Washington, D.C. later issued a preliminary injunction blocking the TikTok ban. The Trump administration appealed both of those rulings.

The moves come as some Republicans express early concerns about the Biden administration’s plans for China policy. Conservatives, and also many Democrats in Congress, want the new administration to maintain a hard line on China and its tech companies.

Last week, Sen. Ted Cruz, R-Texas, placed a hold on Biden’s nomination of Gina Raimondo to head the Commerce Department, after Raimondo declined to specify during a Senate hearing whether she would keep Chinese telecom giant Huawei on a trade blacklist.

In a Feb. 4 tweet, Cruz said he would lift the hold “when the Biden admin commits to keep the massive Chinese Communist Party spy operation Huawei on the Entity List.” Cruz’s office didn’t immediately provide comment on Thursday.

Michael Bien, a lawyer for the WeChat users who filed the lawsuit opposing the Trump ban, called the Biden administration’s pause a positive development. The proposed ban was “just one more extreme and unconstitutional action by the Trump administration” that would harm “millions and millions of people who depend on WeChat every day,” he said.

Some other WeChat users in the United States have said they support the ban proposal, complaining that the app, owned by the Chinese tech giant Tencent, has censored them and blocked them from using their accounts after they’ve posted material critical of Chinese authorities.

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EU rebuffs Britain’s call to reset their post-Brexit relationship

InternationalFeb 12. 2021European Union flags fly near the Europa building in Brussels, Belgium, on Feb. 9, 2021. Bloomberg photo by Geert Vanden Wijngaert

By Bloomberg
Ian Wishart

The European Union rebuffed Britain’s call to reset the two sides’ relationship, saying Britain needs to honor the promises it made on Northern Ireland as part of the Brexit deal.

In a letter to Cabinet Office Minister Michael Gove, European Commission vice president Maros Sefcovic gave a cool response to Britain’s request to delay the implementation of border checks on some goods entering the province, saying that measures the U.K. previously signed up to “urgently need to be fully and faithfully implemented.”

The letter, published ahead of a meeting between the two men in London on Thursday, is likely to inflame tensions between the two sides that escalated dramatically on Jan. 29 when the commission briefly threatened to trigger an emergency clause in the Brexit divorce deal to curb vaccine exports to Northern Ireland.

Speaking to lawmakers Tuesday, Gove said the part of the Brexit deal covering Northern Ireland, known as the Irish Protocol, wasn’t working, and called for a reset in the EU’s relationship with Britain.

Unlike the rest of the U.K., Northern Ireland effectively remained in the EU’s customs union and single market after Brexit — a concession Prime Minister Boris Johnson made to the bloc to secure Britain’s orderly departure.

“The difficulties on the island of Ireland are caused by Brexit, not by the Protocol,” the EU’s chief Brexit negotiator, Michel Barnier, told the European Business Summit in Brussels on Thursday. “The Protocol is the solution, I’m sure — if it is correctly implemented by everybody.”

With goods crossing the Irish Sea facing delays and disruption, Gove is seeking to postpone the introduction of full checks on food destined for supermarkets, medicines and parcels moving into the province from the rest of the U.K. until 2023.

But “blanket derogations” from EU law as set out in the deal “in respect of Northern Ireland cannot be agreed beyond what the Protocol foresees already,” Sefcovic said in the letter.

He also said granting more flexibility around checks on seeds and pets crossing the border — two British demands — “would entail the U.K. committing to align with the relevant EU rules.”

Sefcovic also set out a list of what he called “shortcomings” in the British implementation of the deal, saying border control posts are still not fully operational and data-sharing aren’t in place.

The U.K.’s Cabinet Office criticized Sefcovic’s letter and called for urgent action to “restore confidence” in the Northern Ireland Protocol.

“It is disappointing that the Commission has failed to acknowledge the shock and anger felt right across the community in Northern Ireland from its decision to trigger Article 16,” the Cabinet Office said in a statement. Gove will underline the need for “political leadership” when he meets with Sefcovic on Thursday, the statement said.

Read more: How a ‘Mind-Blowing’ Blunder Created a Dangerous Brexit Standoff

The letter also drew a critical response from Northern Ireland’s first minister, Arlene Foster, whose Democratic Unionist Party has long opposed the Protocol.

She said that Sefcovic has had his “head in the sand” and “fingers in his ears” over the problems affecting the region. “That’s an incredible state of affairs,” she told on ITV’s “Peston” program on Wednesday.

Irish Prime Minister Micheal Martin called on EU member states to “cool it,” saying there were bound to be teething problems in early days of the Protocol.

“Tensions were rising unnecessarily,” he told RTE Radio on Thursday. “Ultimately, we want the U.K. aligning well with the EU. We want harmonious sensible relationships.”

Separately, the European Commission said Wednesday that it wanted to delay the conclusion of the provisional application of the wider post-Brexit trade agreement from the end of February until April 30 to give time for governments and EU lawmakers to scrutinize the trade pact.

The European Parliament has to vote on whether to approve the deal before the end of the provisional period. Officials on both sides said it’s highly unlikely lawmakers will seek to vote down the accord. Any delay, though, would still have to be approved by both the U.K. and EU.

“It’s a little surprising the EU wish to change it quite so soon,” David Frost, the U.K.’s chief Brexit negotiator, said to a panel of lawmakers Tuesday after being told informally by the EU that it wanted more time. Frost said he didn’t think there is “any wish” on the U.K. side “to extend this more than necessary.”

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PayPal looks to stock trading, savings in push beyond checkout

InternationalFeb 12. 2021

By Bloomberg
Jenny Surane

PayPal Holdings is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button.

The payments giant expects the number of active users on its sprawling platform to climb to 750 million by the end of 2025 — roughly double the current level — as it expands into new areas of financial services, Chief Executive Officer Dan Schulman said Thursday at the firm’s investor day. With its latest plans, PayPal aims to become the world’s next financial super-app, akin to Chinese giants Alipay and WeChat Pay.

“There’s few companies in the world that can even aspire to this vision,” Schulman said. “It requires capabilities that cross industries, from financial services to payments to shopping to technology.”

PayPal is coming off a record year, when spending on its platform soared 31% as consumers turned to online shopping in droves after the pandemic shuttered stores around the globe. The firm added 72.7 million users during the year as revenue climbed to $21.5 billion.

The performance came even as PayPal’s main business of speeding up the online checkout process has seen intense competition from the likes of Apple Inc. as well as payment giants Visa Inc. and Mastercard Inc. Still, it’s an area PayPal dominates: The firm’s button has been added to nearly three-quarters of the leading U.S. retail sites, according to a survey last year by Pymnts.com.

Now PayPal has set its sights on turning itself into a one-stop shop for consumers and merchants alike to conduct their finances. The firm said new products could include stock trading and high-yield savings accounts as well as bill-payment capabilities and check-cashing services.

The firm is leaning into the success it’s already seen from adding the ability for users to buy, sell and hold cryptocurrencies in digital wallets in recent months. PayPal has said customers who took advantage of the feature to purchase digital currencies began logging into PayPal at two times the rate they were prior to using the service.

That sort of activity, in turn, drives revenue. Schulman said the firm now expects the average amount of revenue it collects from each user to grow substantially over the next five years.

PayPal’s shares rose 4.9% to $297.18 at 12:07 p.m. in New York. The stock has climbed 710% since it was spun off from EBay Inc. in 2015, compared with the 89% advance of the S&P 500 Index.

PayPal has warned that some of the new initiatives caused an uptick in spending on technology and development. Such costs already rose 27% to $2.64 billion last year. Still, the firm has said it expects profits to climb 17% on an adjusted basis this year.

“We really hit our stride in 2020,” Schulman said. “And I’m so excited about what we plan to deliver and what we are going to deliver in this year and in the years to come.”