Victims of Michigan New Year’s party shooting identified by police

Latest & Breaking News on Fox News 

Authorities have identified two men who died after being shot when a man fired a gun in celebration during a fireworks display at a New Year’s party in western Michigan.

The Van Buren County Sheriff’s Office said Monday that the shooting killed David Reed, 35, of Waverly Township and Jason McCreary, 40, of Sutter Creek, California.

FLORIDA NEW YEAR’S DAY SHOOTING LEAVES 2 DEAD AND 4 INJURED: POLICE

Reed, who was shot in the back, died at a hospital and McCreary, who was shot in the head, died at the scene, deputies said.

The shooting happened around 12:05 a.m. Sunday, deputies said.

NEW YEAR’S EVE SHOOTING IN SOUTH ALABAMA LEAVES 1 DEAD, 9 INJURED

A 62-year-old man was arrested on multiple counts of reckless discharge of a firearm causing death, WWMT-TV reported.

Van Buren County is located in southwestern Michigan, where a portion of the county abuts Lake Michigan.

 

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South Korea Fines Tesla $2.2m For Overstating Driving Range And Charge Speeds

Carscoops 

Tesla is often praised for the impressive driving distances it quotes for its EVs, but regulators in South Korea haven’t been congratulating the automaker with a slap on the back. Instead they’ve slapped Tesla on the wrist for false advertising and levied a 2.8 billion ($2.2 million) fine.

Korea’s antitrust watchdog, the Korea Fair Trade Commission (KFTC) says Tesla exaggerated the driving range and charging speeds of its EVs, while also overstating the money customers could save on fuel costs versus other cars.

According to a statement by the KFTC, Tesla had been over-optimistic about the “driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers” on its Korean-market retail site from late 2019 until early 2022.

Related: Here’s How Much Cold Temperatures Actually Affect EV Range

The KFTC opened its investigation in February 2022, prompting Tesla to add a disclaimer to its Korean website that isn’t seen on other country’s pages. As seen on the page for the Model 3 in the image above, the note advises customers that electric vehicle range can be affected by weather and driving style, though doesn’t say by how much. The watchdog however, believes range can be reduced by as much as 51 percent in cold weather versus claimed numbers.

In addition to the 2.8 billion won fine, Bloomberg reports that watchdog will relieve Tesla of a further 1 million ($798k) for violating the country’s Electronic Commerce Act, claiming that the automaker failed to provide buyers with sufficient information on its cancellation policy.

Read More 

The Hill's Morning Report — Will McCarthy get the votes to become Speaker?

Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below.

It’s the moment of truth for Republican Leader Kevin McCarthy (Calif.) as the House votes on Tuesday for a Speaker, revealing whether he has the confidence of his conference to lead a new House GOP majority.

It remains unclear how the vote will play out, The Hill’s Emily Brooks reports, as McCarthy faces vocal opposition from a number of hardline Republicans who have threatened to derail his bid. His allies, meanwhile, remain staunchly loyal to the California lawmaker. 

If no candidate wins a majority of votes on the first ballot of the Speakership election — which is scheduled for noon — it will mark the first time in exactly 100 years that the House has gone to multiple votes for the post. With 222 Republicans to 212 Democrats in the 118th Congress, McCarthy can afford to lose just four votes. But his rivals have insisted he doesn’t have the votes for weeks, and five House Republicans have strongly indicated they will not vote for the California Republican, while several more have withheld their support. 

Rep. Andy Biggs (R-Ariz.), who in December was a challenger to McCarthy for the Speakership nomination, has estimated that around 20 Republicans will not vote for the Republican Leader.

“The problem is that people don’t trust Kevin McCarthy,” Scott Perry (R-Pa.), chairman of the House Freedom Caucus, told The Hill on Sunday. “The fact that we are now approaching the eleventh hour is not the fault, or is not the responsibility, of his detractors. It’s his responsibility, and the blame lies with him.”

Even McCarthy’s Sunday concession to lowering the barriers for rank-and-file members to attempt to depose a sitting Speaker — a change that some GOP lawmakers have warned could weaken their leadership team — might not be enough for him to win the gavel. Right-wing Republicans had been pushing for the rule change, which would allow five members of the House majority to force a vote of no confidence in their leader. But his critics maintain that the measure, which was neutered by Democrats after they took control of the House, should be brought back needing only one member to make the motion as a check on the Speaker’s power, as it did for more than a century (The Hill, The New York Times and Roll Call). 

The conservative Club for Growth released a whip notice for the Speakership vote on Monday, urging a no vote on McCarthy without explicitly naming him. 

Rep. Kelly Armstrong (R-N.D.), a McCarthy ally, predicted Monday that Republicans will go “however long it takes” to elect a Speaker on Tuesday, but the first vote will likely provide some early indications on how the day will play out (Politico).

“The way the alphabet works, you’ll know on the first ballot pretty quickly,” he said, referring to the alphabetical roll call. “And then we’ll figure out how it grinds out.”

The Hill: What you need to know about the House Speaker election.

A range of GOP stakeholders inside and outside the House could play key roles in the lead-up to and during the vote and its aftermath, writes The Hill’s Jared Gans, who has rounded up the Republicans to watch on Tuesday.

The Hill: Former GOP aide on Speaker vote: “Self-serving” Republicans would make “mockery” of Congress.

The New York Times: Here are the House Republicans to watch if McCarthy’s bid for Speaker falters.


Related Articles

The Washington Post: In her own words: House Speaker Nancy Pelosi (D-Calif.) steps back after decades in charge.

The New York Times: Brazilian authorities will revive a fraud case against Rep.-elect George Santos (R-N.Y.).

The Washington Post: New liberal Latino lawmakers are preparing to challenge the status quo.

Vox: 23 things we think will happen in 2023.


LEADING THE DAY

POLITICS

After a 2022 that saw Democrats celebrate passing key parts of their agenda and defy expectations in the midterms, the next year is set to bring about change in a newly divided Congress and set the table for the presidential election in 2024. The presidential field will take shape as Republicans mull whether to take on former President Trump and President Biden’s own future takes center stage. The Supreme Court, too, could once again reshape the political arena with major rulings.

The Hill’s Brett Samuels details six storylines to watch that will shape the year ahead.

With three Southern states — Louisiana, Mississippi and Kentucky — gearing up for governors’ contests in 2023, their outcomes could give an early indication of the way the political winds are blowing ahead of the presidential election in 2024. As The Hill’s Caroline Vakil reports, While Louisiana Gov. John Bel Edwards (D) is term-limited and unable to run again, Govs. Tate Reeves (R) in Mississippi and Andy Beshear (D) in Kentucky are up for reelection.

The race to become the Republican nominee in the 2024 presidential election is quickly becoming a volatile affair, writes The Hill’s Max Greenwood. While Trump alone has formally launched a campaign, most Republicans expect that to change soon. But questions about the future of the party, and Trump’s own legal troubles, are sure to lead to considerations about whether the former president is still the best standard-bearer for the GOP.

Politico: Here are the four big election storylines for 2023.

NBC News: Here are the four major battles facing Congress in 2023.

The House committee investigating the Jan. 6, 2021, attack on the Capitol on Sunday released a vast database of its underlying evidence, Politico reports. The panel’s evidence provides the clearest glimpse yet at the well-coordinated effort by some Trump allies to help the former president seize a second term he didn’t win.

Vox: Will 2023 be the year Trump is indicted?

The Hill: Trump’s tax returns raise alarms about the fairness of the U.S. tax code.


ADMINISTRATION

While Biden is entering the new year riding high following a better-than-expected Democratic midterm election performance that has improved his political standing while damaging Trump, he also faces lingering questions over his age and his overall political strength. Most notably, The Hill’s Alex Gangitanto reports, questions remain whether he could defeat Florida Gov. Ron DeSantis if he is the GOP nominee in 2024.

Cristina Antelo, a Democratic strategist who runs Ferox Strategies, told The Hill that Biden’s age remains a concern among Democratic voters. Biden, 80, would finish a second term at the age of 86. DeSantis, meanwhile, is 44, while Trump is 76. 

“It’s crazy to me that Biden is polling so low, even with Dems, considering how much has been accomplished in these first two years,” Antelo said. “But, yes, Dems seem worried that ‘an old white guy’ at the top of the ticket just isn’t going to cut it if the threats to democracy that Trump embodies aren’t on the ballot.”

Politico: Biden begins 2023 with a stronger hand to play and an inclination to play it.

The New York Times: Biden caps two years of action on the economy, with new challenges ahead.

NPR: Biden has made choosing diverse federal judges a priority.


IN FOCUS/SHARP TAKES

INTERNATIONAL

Russia deployed a series of exploding drones around Kyiv on Monday, marking its most recent attack in a bombardment of strikes taken against Ukraine in the new year. Mayor Vitali Klitschko said in a Telegram post that 40 drones were heading for the city overnight, but air defenses destroyed all of them. 

The defenses destroyed 22 drones over the city, three in the region and 15 in other provinces. President Volodymyr Zelensky said in a Saturday address that “no one” will forgive Russia for spreading terror, noting that it attacked Ukraine on New Year’s Eve and other holidays such as Easter and Christmas (The Hill). 

Meanwhile, a Ukrainian attack on a building sheltering Russian soldiers in the occupied Donetsk region killed 63 service members on New Year’s Day, the Russian Defense Ministry said on Monday, which would mark one of the deadliest strikes on Russian forces since the beginning of the war. Ukraine claimed that hundreds of soldiers were killed in the attack, but the figure could not be independently confirmed (The Washington Post).

The New York Times: How Russia’s war on Ukraine is worsening global starvation.

The Washington Post: Europe prepares to take in more Ukrainians, with less support, in 2023.

Israel conducted a missile strike on the international airport in Damascus, Syria on Monday, killing two soldiers and injuring two others, according to the Syrian army. The Syrian Observatory for Human Rights, which tracks human rights abuses in the country and has been described as supporting the Syrian opposition to President Bashar Assad, said four people were killed in the strike, but the conflicting reports could not be immediately reconciled (The Hill).

Vox: In China, Xi Jinping has abandoned “zero COVID.” What happens now?

The New York Times: Russia’s war could make it India’s world.

Reuters: North Korean leader Kim Jong Un sacks No. 2 military official.


OPINION

■ A failed Speaker vote for McCarthy would be a historic event, by Brendan Buck, guest essayist, The New York Times. https://nyti.ms/3Z7YgHC 

■ Will 2023 be a better year for international peace and public health? by Brahma Chellaney, opinion contributor, The Hill. https://bit.ly/3GACSDM


WHERE AND WHEN

🎆 Happy New Year from us at Morning Report! Alexis Simendinger returns to the newsletter tomorrow, Jan. 4.

👉 The Hill: Share a news query tied to an expert journalist’s insights: The Hill launched something new and (we hope) engaging via text with Editor-in-Chief Bob Cusack. Learn more and sign up HERE.

The House will convene at noon for the Speakership election.

The Senate will convene at 11:30 a.m. for a pro forma session, and reconvene at noon to swear in new members.

The president will receive the President’s Daily Brief at 10:15 a.m.

The vice president will preside over the Senate at noon to open the chamber and administer the oath of office to all newly-elected and re-elected Senators. At 1 p.m., she will ceremonially swear in newly-elected and re-elected Senators in the Old Senate Chamber. 

The White House daily press briefing is scheduled at 2:30 p.m.


ELSEWHERE

➤ ECONOMY

International Monetary Fund Managing Director Kristalina Georgieva on Sunday warned that the global economy faces “a tough year, tougher than the year we leave behind.”

“We expect one-third of the world economy to be in recession,” she told CBS’s “Face the Nation.” “Why? Because the three big economies — U.S., EU, China — are all slowing down simultaneously.”

The IMF warned in October about the chance of a global recession in 2023, but different economies may be better positioned to weather it. While Georgieva said the U.S. may avoid a recession this year, the European Union, due to the war in Ukraine and subsequent cost-of-living crisis, may not be able to do so (Bloomberg News).

Big banks, however, are painting a different picture and predicting that an economic downturn is fast approaching. According to The Wall Street Journal, more than two-thirds of the economists at 23 large financial institutions that do business directly with the Federal Reserve are betting there will be a U.S. recession this year, while two others are predicting a recession in 2024.

The Hill’s Sylvan Lane breaks down four ways to prepare for an uncertain 2023 economy: Plan for inflation, don’t expect the stock market to roar back, remember that security will be valuable in a recession, and, finally, brace for higher interest rates.

The Wall Street Journal: Stay for pay? Companies offer big raises to retain workers.

PANDEMIC & HEALTH 

The COVID-19 omicron XBB.1.5 variant has nearly doubled in prevalence over the past week and now represents about 41 percent of new cases in the U.S., according to data from the Centers for Disease Control and Prevention (CDC). While data on XBB.1.5 is currently limited, a recent article in the journal Cell by researchers from Columbia University recently found that that sublineages of the BQ and XBB omicron subvariants had a “dramatically increased” ability to evade antibody protection, even among those who had received the bivalent booster dose (The Hill).

The start of the year is a time for many to set workout goals, and motivation for exercise can come in many different forms, The Washington Post reports. Here’s advice from experts on how to make 2023 the year you get moving.

The Atlantic: At-home swabbing still works just fine, but we can’t seem to escape false negatives with rapid tests. What gives?

NBC News: Risk of a dangerous new COVID-19 variant in China is “quite low,” U.S. health expert says.

Information about COVID-19 vaccine and booster shot availability can be found at Vaccines.gov.

Total U.S. coronavirus deaths reported as of this morning, according to Johns Hopkins University (trackers all vary slightly): 1,092,679. Current U.S. COVID-19 deaths are 2,530 for the week, according to the Centers for Disease Control and Prevention. (The CDC shifted its tally of available data from daily to weekly, now reported on Fridays.)


THE CLOSER

And finally … 🧀 Cheese lovers, rejoice. The creamy, nutty, sometimes even pungent dairy product is among the nation’s favorite — and it’s healthier than most would expect. 

“Cheese is packed with nutrients like protein, calcium and phosphorus, and can serve a healthy purpose in the diet,” Lisa Young, an adjunct professor of nutrition at New York University­, told The Washington Post

Americans’ per capita cheese consumption is 40 pounds a year, or just over 1.5 ounces a day, but fret not: Research shows that even full-fat cheddar — or brie, or mozzarella — won’t raise or reduce the risk of chronic diseases such as Type 2 diabetes or heart disease. Some studies even show that cheese can be preventative. The process of turning milk into cheese changes the way the nutrients and other components in it are chemically arranged, which alters how it’s digested and processed by the body.

This can lead to health effects that are different from those of eating the same nutrients in another form — say cream or butter.


Stay Engaged

We want to hear from you! Email: Alexis Simendinger and Kristina Karisch. Follow us on Twitter (@asimendinger and @kristinakarisch) and suggest this newsletter to friends!



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DeSantis presidency would be just as 'terrifying' as Trump's, Vanity Fair article laments

Vanity Fair on Monday published a “comprehensive guide” detailing how a hypothetical Ron DeSantis presidency would be as “terrifying” as a Donald Trump one. 

The piece from the left-wing magazine began with a series of reasons DeSantis should not be the next U.S. president, including an endorsement from Twitter CEO Elon Musk, “bigoted policies,” and “authoritarian” behaviors. It was the latest in a string of reports and stories from outlets vehemently opposed to Trump who have declared DeSantis just as bad, if not worse.

“Shouldn’t we be happy about the fact that, at the very least, he doesn’t seem like the type of guy who would Sharpie over a hurricane map to cover his own a– or force people to think about what he gets up to in the bathroom? And the answer is no! We shouldn’t be!,” Bess Levin wrote.

2024 SHOWDOWNS: BIDEN TOPS TRUMP BUT TRAILS DESANTIS IN NATIONAL POLL’S POTENTIAL MATCH UPS

The political correspondent made sure to clarify that her condemnation of DeSantis was not an endorsement of Trump, asserting that the latter would benefit humanity if he were never “heard from or seen again.”

Levin then outlined 13 reasons DeSantis is a bad pick for the top job in Washington, claiming that the Florida governor thinks it is okay to treat humans like “chattel,” that he is “dangerously anti-science” for opposing COVID-19 lockdowns, and that he is “anti-free speech” for signing into law the “Stop WOKE act.”

The piece also suggested that DeSantis is “waging a war” on trans people, sees “no need” for the Respect for Marriage Act, has no interest in preventing gun violence, and is a “massive bully.”

Citing a former college teammate who previously spoke with The New Yorker, Levin added that DeSantis is also an “awful person” and has been for many years. 

RON DESANTIS RECEIVES MULTIPLE STANDING OVATIONS AT FIRST MAJOR GOP 2024 PRESIDENTIAL CATTLE CALL

“Ron is the most selfish person I have ever interacted with. He has always loved embarrassing and humiliating people. I’m speaking for others—he was the biggest dick we knew.” We’ll repeat that for emphasis: “He has always loved embarrassing and humiliating people,” the former college teammate allegedly said. 

A December national poll of Republican primary voters from The Wall Street Journal found that DeSantis would top Trump by double digits in a hypothetical 2024 GOP presidential nomination showdown between the two most popular politicians in the party.

Eighty-six percent of likely GOP primary voters said they held a favorable view of DeSantis, who in November overwhelmingly won re-election to a second term steering the nation’s third most populated state, compared to 74% who viewed Trump favorably.

In a hypothetical DeSantis-Trump face-off for the nomination, the poll suggests the Florida governor ahead of the former president 52%-38%.

CLICK HERE TO GET THE FOX NEWS APP 

An MSNBC opinion piece last year said DeSantis was more “dangerous” than Trump, and former Florida Rep. David Jolly, now a reliably liberal analyst for MSNBC, also said DeSantis was “far more dangerous.”

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I’m a Run Coach in New England, and Here Are My 10 Top Tips To Hype Yourself Up for a Winter Run

Well+Good 

Between bitterly cold temperatures, the seemingly endless hours of darkness, and the sleet, snow, and slippery roads, running in the winter is not for the meek. Just getting out the door can take a tremendous amount of motivation.

Even the most dedicated runners often find themselves flirting with the idea of skipping a run. But getting in the miles doesn’t have to be a struggle. Sure, you might dread that first mile, but once your body has warmed up, a winter run can be glorious. The key is hyping yourself up enough to actually make it that far.

How can I motivate myself to run when it’s cold?

As a longtime running coach and certified personal trainer who’s run through many New England winters, I’ve got a few expert tips that can help boost your motivation to get out there even when Netflix and fuzzy slippers are calling your name.

1. Warm up inside first

Getting your blood flowing before you head out can help to ease the transition so you’re not suddenly freezing as soon as you hit the sidewalk. Of course, warming up is always important, but if you’re starting off with slow jogging in the cold, bitter temperatures can feel that much more brutal. So build up some heat and knock the warmup off your list indoors so you can hit the roads running at a faster pace. Try some jumping jacks, jogging in place, running up and down the stairs, or burpees. Just don’t get so sweaty indoors that you’re already wet when you head outside.

Try this pre-run warmup with trainer Traci Copeland:

2. Use hand warmers

Freezing fingers and toes are never enjoyable, and in extreme weather, the risk of frostbite is something to be taken seriously. If your digits can’t seem to keep warm, add disposable or reusable hand warmers and toe warmers to your gloves and running shoes.

3. Prepare a warm drink to look forward to

Getting out the door can be easier when you know that you have a post-workout treat waiting for you once you get home. Consider buying some gourmet hot chocolate, mulled apple cider, your favorite coffee beans, or herbal tea blends and having a special hot drink ready to sip. Not only will the warm liquid warm you up and start rehydrating you, but treating yourself to something that you don’t normally have can make it more enticing to get your winter mileage in.

4. Do short loops

It can feel daunting to go for a long run that takes you miles away from the house when you’re not sure how the weather is going to behave, or how your body is going to handle the conditions. Keeping your loops short and circling back near home will allow you to drop off extra layers, grab a quick sip of warm tea, and can reduce the mental hurdle of a long run. Instead of telling yourself that you’re going to run for an hour or 6 miles, just plan a 10- to 15-minute loop or a one- to two-mile route, see how it goes, and then try to repeat it another time or two.

5. Run with a group

Data shows that working out with others makes us more likely to stick to a fitness routine—and we typically find it more satisfying. Whether you join a running group, form one of your own, or just recruit a friend or neighbor to be your running buddy, consider partnering up for winter runs so that you don’t have to brave the cold and darkness alone.

6. Gamify your runs

Using apps like Zombies, Run!, Aaptiv, or Nike Run Club with guided runs or running games can make your miles more fun. Or, you can invent your own winter running games. For example, if you run in the evening, before you head out the door, guess how many houses you’ll see with Christmas lights, and then count them on your run to see how close you can get. Or tell yourself you’ll pick up the pace every time you see a dog.

7 Get the right gear

Wearing the right clothes and winter running shoes will go a long way towards helping you feel more comfortable.

Light layers are ideal because you can remove them as you get too hot. While a general rule of thumb is to dress as though it’s 10 degrees warmer outside since you’ll quickly heat up, if you find that too intimidating, just make a plan for how you’ll store extra layers once you don’t need them.

For your extremities, slip on wool socks, an ear warmer or beanie, a neck gaiter or face mask, and gloves or mittens. And remember that running shoes with good traction will help prevent slipping on snowy and icy roads, and a GORE-TEX upper can help keep your tootsies dry when it’s wet out.

8. Adjust your goals

Runners tend to be goal-driven people, but you might want to adjust your expectations for winter running. When there are dicey (and icy!) conditions and challenging temperatures, it can be a good idea to run for time instead of mileage and effort instead of pace. Always prioritize safety. Give yourself permission to cut runs short if you are getting too cold or feel that the running is unsafe—or just miserable. Any run is a win, even if it’s not exactly what your training schedule dictates.

9. Train for a race

It may sound unappealing to train for a race in the winter, but having an event on the calendar can give your training some direction and purpose. It doesn’t matter whether it’s a local race series, a virtual run, or a special destination race, as long as it’s meaningful to you, it can give you a reason to push through the temptation to hibernate.

10. Hit the treadmill

Admittedly, it’s not really the same as running outdoors, but sometimes the best option is to use the treadmill. If the roads are slippery, if it’s sleeting or snowing, or if you just cannot face the darkness and cold, there’s nothing wrong with taking your workout indoors. In fact, the treadmill can be a great training tool to help you work on your speed. Embrace the challenging weather as a smart reason to switch things up.

Read More 

Michigan cop narrowly dodges shooting ambush, 2 in custody

Latest & Breaking News on Fox News 

A police officer conducting surveillance escaped injury Monday after a man armed with a rifle fired into an unmarked police car, authorities said.

The Michigan State Police Homicide Task Force and the department’s Special Investigation Section detectives are investigating the shooting, which occurred about 7:35 a.m., when the undercover Dearborn officer was approached by the man with the rifle.

PENNSYLVANIA POLICE CHIEF KILLED IN SHOOTING; SUSPECTED GUNMAN SHOT DEAD IN SHOOTOUT HOURS LATER

“The suspect shot into the unmarked police vehicle and ran,” a Michigan State Police public information officer said on Twitter.

MULTIPLE NYPD OFFICERS STABBED WITH MACHETE NEAR TIMES SQUARE

“The officer was able to leave the scene and was not hurt. Currently, detectives have two suspects in custody and are in the process of interviewing them,” tweets said.

Last September, two Detroit residents were charged after a Michigan state trooper was shot while conducting surveillance with other members of a narcotics unit.

 

Read More 

 

'Big Short' Michael Burry Makes a Dire Prediction For 2023

Consumers and investors are wondering how much the cost of living will rise as inflation remains at a 40-year high.

But the question that frightens everyone — consumers, markets and government — is whether the economy will enter a recession.

The “R” word is the scary word. But for many economists there is no longer any doubt: recession is on the menu for 2023.

A December survey of 38 economists by Bloomberg showed they saw a 70% chance for a recession next year. That’s up from 65% in November. The economists say the Federal Reserve’s interest rate hikes will cut demand.


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Australia's top health adviser urged government against restrictions on travelers from China



CNN
 — 

Australia’s top medical officer advised the government against imposing any restrictions on travelers coming from China, a day before the health minister announced new testing requirements, internal documents show.

China’s Covid cases are surging after Beijing abandoned its costly zero-Covid strategy, prompting a number of countries to impose restrictions on travelers coming from China and its territories.

Australia was among them, though a letter published on the government website on Tuesday, written by the country’s Chief Medical Officer Paul Kelly, reveals that the decision was made despite his advice that it wasn’t necessary.

“Based on available information, and in the absence of a specific threat from a variant with increased pathogenicity and immune escape, I do not believe that there is sufficient public health rationale to impose any restriction or additional requirements on travelers from China,” Kelly wrote in the letter dated December 31.

In the letter, Kelly acknowledged widespread concern about the limited information being released by China about its outbreak, “which has highlighted some gaps in global surveillance.”

However, he added that he had consulted with health officers from other parts of the country and New Zealand, and found a “strong consensus” that targeted travel restrictions would be “inconsistent with the current national approach to the management of Covid-19 and disproportionate to the risk.”

Regardless, the following day Australian Health Minister Mark Butler announced that from Thursday, travelers coming from mainland China, Hong Kong and Macao must show proof of a negative Covid test taken within 48 hours of their departure. At the time, he said the new measures were due to the “lack of comprehensive information” about China’s Covid situation and genomic sequencing data.

After criticism that the government was ignoring medical advice, Butler told local radio on Tuesday that it was acting “out of an abundance of caution,” and that the measures were limited to arrivals from China because, until recently, it was the only “significant country” in the world that hadn’t opened up.

Australia is among more than a dozen countries that have imposed restrictions on travelers from China and its territories in the past week. Most, including the US, UK, and other parts of Europe and Asia, are requiring either a pre-departure test or testing on arrival, with arrivals found positive needing to quarantine.

Morocco took the extra step of outright banning all travelers from China, regardless of nationality. The ban goes into effect on Tuesday, with no information on when it will be lifted or whether it applies to people traveling from Hong Kong and Macao, China’s two special administrative regions.

The measures have been controversial, with health experts and scientists around the world warning that these targeted restrictions are largely ineffective at preventing the spread of Covid or new variants – and that they could instead stoke racism and xenophobia.

On Tuesday, Chinese Ministry of Foreign Affairs spokesperson Mao Ning warned that China would take countermeasures against the travel restrictions.

“Some countries have adopted entry restrictions targeting only China, which lack scientific basis, and some excessive practices are even more unacceptable,” she said, adding: “We are firmly opposed to attempts to manipulate epidemic prevention and control measures for political purposes, and will take corresponding countermeasures for different situations in accordance with the principle of reciprocity.”

china covid protest

CNN report: The world’s harshest quarantine is no more

Several experts told CNN there is currently no evidence of a new variant emerging from China, and that even if one were to arise, it would likely spread across the world anyway. Testing requirements don’t catch all cases, especially with variants that have a shorter incubation period.

A country’s best defense was to make sure its own population was well protected through domestic policy, such as widespread vaccinations and basic public health measures, said Karen Grepin, an associate professor at the School of Public Health at the University of Hong Kong.

“In a lot of parts of the world, the pandemic feels like it’s over … but at the end of the day, (these measures) are ultimately what prevents the transmission of the virus,” she said, adding that there’s “no point in worrying about imported cases, if you’re not going to do anything about domestic cases.”

“If countries are at the point where they think those things are no longer important, because for example they’ve developed so much population immunity, then why care about a couple of new cases coming in from China?”

In his letter, Kelly argued that Australia’s domestic situation was strong enough to avoid imposing restrictions, pointing to the country’s “strong surveillance mechanisms” and high immunity levels – due to both vaccination and previous infection.

Instead of travel restrictions, he proposed several alternative measures including an aircraft wastewater testing program and voluntary sampling of incoming travelers on arrival.

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Venture debt be big for startups in 2023 — and could break the bad habits of the boom years

Business Insider 

Raising capital via venture debt will be key for many startups in 2023

Startups running out of cash but can’t raise capital are increasingly taking on debt.
Investors say venture debt encourages founders to build rather than grow — and that’s a good thing.
Less cash means startups can focus on building innovative products that stand the test of time.

Startups are facing a problem in 2023: Nobody wants to give them money — at least not in the way they’re used to.

Fundraising from venture capital is expected to slow in 2023 as the tech slowdown continues. From the third quarter of 2021 to the third quarter of 2022, startup funding from venture capital fell by 54%, to $74.5 billion from $164 billion, according to PitchBook.

Without more traditional venture-capital funding, startups are increasingly turning toward venture debt, taking out three-year loans to raise capital.

While some worry that the trend toward debt will stifle innovation, a growing number of VC investors and startup founders think it will encourage new ways of thinking. In their view, venture debt will break the bad habits of a generation of free-spending startups and create a new breed of companies focused on execution and market fit over blitzscaling or promising to change the world.

Rakefet Russak Aminoach, a managing partner at Team8, suggested that the pressure of debt and less capital overall forces companies to home in on things that matter.

“When you have a lot of money, you are less cautious of how you spend it,” she said. “But when there is not a lot of it, it sharpens the mind, and you become more accurate on where to put it.”

In the funding crunch of mid-2022, VCs told portfolio companies to focus their products and get disciplined about spending. This was markedly different from 2021, when it seemed as if every startup raised money at record valuations.

Anna Barber, a partner at M13, argued that that environment was detrimental to new companies because they immediately needed to try to live up to those inflated valuations.

“Without the artificial pressure of valuations disconnected from performance, we’ll see founders who are really focused on finding product-market fit at the earliest stage and solving problems for actual customers,” Barber said.

Barber added that some startups benefit from being unable to increase headcount immediately. A startup still looking for market fit can be more nimble with a smaller team and quicker communication.

Other investors believe that a funding crunch will create fewer startups but that those startups will be forced to be more innovative.

Aminoach said there’s a higher bar for startups now to prove they’re worthy of getting money. Both equity investors and venture-debt lenders are demanding more before giving money to startups, forcing founders to clarify how they plan to beat the competition and find profit margins.

Aminoach added that the boom times of 2020 and 2021, with record numbers of venture investments, could’ve also stifled true innovation.

She pointed to digital banking as an example of an industry that over the past few years became filled with companies that catered to different niches but had little differentiation in their business models, making it difficult to see what was truly innovative.

“When we look at the last few years, everyone had FOMO and wanted to invest in the next big company,” Aminoach said. “But that made a lot of copycat companies because money was so easy to get. And that’s not innovation — that’s noise.”

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US oil giants Exxon and Chevron are poised to reap $100 billion total profit bonanza from Russia’s war on Ukraine

Business Insider 

Exxon and Chevron are expected to earn a combined total of $100 billion in profits from 2022.

ExxonMobil and Chevron are both set for record profits in 2022, of $56 billion and $37 billion respectively, per the FT.
The US energy giants are benefiting from the surge in global oil prices after Russia invaded Ukraine, it said.
It’s a reversal of fortunes after the pandemic-era price crash and seen as a vindication for resisting climate calls.

US oil giants ExxonMobil and Chevron are expected to earn nearly $100 billion in total profits from 2022, thanks to Russia’s war with Ukraine. 

Exxon is projected to rake in more than $56 billion while Chevron may reach $37 billion, per the Financial Times, citing data from S&P Capital IQ. For both the companies, annual earnings are seen hitting record highs. 

The profit boon comes after global oil prices soared in response to Russia’s invasion of Ukraine, which squeezed supply in energy markets. While Brent crude was trading around $86 a barrel at last check Tuesday, the European benchmark surged toward $140 last March. 

The jump in earnings signals a sharp reversal of fortunes for energy companies, which saw their income plunge as demand collapsed during the COVID-19 pandemic. It’s also seen as vindication for combatting climate change calls. 

Such super-sized profits however have drawn criticism from US President Joe Biden. He has slammed Exxon for  “making more money than God,” while American drivers pay record fuel costs at the pump, and urged energy companies to cut down their prices. 

Meanwhile, Biden’s advisor Amos Hochstein told CNBC last year that US energy companies need to invest their profits to boost supply over time and prevent prices from surging in the future.

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