New Jersey calls public well being emergency amid omicron hospital surge

New Jersey Gov. Phil Murphy speaks to volunteers as he meets with Newark Mayor Ras Baraka during the gubernatorial election in Newark, New Jersey November 2, 2021.

Eduardo Munoz | Reuters

Phil Murphy, Governor of New Jersey reinstated a public health emergency Tuesday as hospitals struggle to keep up with an influx of patients as Covid cases surge amid a persistent shortage of medical staff.

The recent spike is being fueled by the rise of the rapidly spreading Omicron variant, which the Centers for Disease Control and Prevention has in its possession These account for about 95% of the sequenced Covid-19 cases in the US Although vaccines, and especially booster doses, provide statistical protection against serious illness and death, experts say the sheer volume of cases is overwhelming hospitals.

Murphy said the state is seeing nearly 35,000 new Covid cases a day and more than 10,000 residents have been hospitalized in the past two weeks.

The re-declaration allows the governor to exercise certain emergency powers, including mask mandates in schools.

Murphy said the renewed state of emergency will have “no new impact at all” on local residents’ daily lives.

“That’s what it doesn’t mean,” he said. “It doesn’t mean new universal mandates or passports. It means no bans. It means no business restrictions or collection limits.”

Half of the hospital beds at Newark University Hospital are filled with patients who have been diagnosed with Covid-19, some of whom were admitted for something else but subsequently tested positive, said hospital president Dr. Shereef Elnahal in an interview on CNBC’s “Squawk box” On Wednesday.

But Elnahal said the Covid infection itself is not his main concern.

“Actually, I’m more worried about a health issue than a Covid-19 issue,” Elnahal told CNBC Becky Swift. “Right now we see our workforce demoralized. There is no light at the end of the tunnel to paint now like I did in Spring 2020.”

He said the industry is losing talented clinicians between the ages of 45 and 60, “often the most energetic and knowledgeable people in the hospital.” That’s a problem that may actually outlast omicron, “which appears to have already plateaued, at least in cases in the New York metro area.”

Elnahal said nearly 10% of his hospital’s staff are traveling with Covid, bringing the hospital closer to a staff crisis with “awkward” staff-to-patient ratios.

Elnahal said he would like the government to come up with a “clear definition” of the endgame in relation to Covid-19.

“Which case level defines the endemic case?” What does this mean for healthcare regulations and what can we do, what should we avoid? How much capacity should we create? What is the guidance for healthcare organizations that will be dealing with this pandemic but also with the aftermath?” are some of the questions he wants answered.

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WATCH: University Hospital CEO on Covid staff crisis: Our workforce is demoralized

State to allocate $700M to stimulate development, enhance public well being: Right here’s the place the cash goes

Governor Phil Murphy and the legislature agreed on Friday to allocate nearly $ 700 million to stimulate economic growth and improve public health.

The funding will provide $ 435 million from the New Jersey Debt Defeasance and Prevention Fund and $ 262.6 million from the American Rescue Plan’s State Fiscal Recovery Fund.

The proposals were made by the Ministry of Finance to the Joint Budgetary Supervisory Committee for approval, which is expected.

“This proposal will allow us to responsibly finance construction and continue to use federal dollars for one-time, transformative investments in our residents, communities and infrastructure,” said Murphy.

The following are the proposed capital construction projects to be supported by the New Jersey Debt Defeasance and Prevention Fund:

  • New Jersey Windport and Port Infrastructure ($ 345 million): Funding for the wind port and related projects is provided by the Economic Development Authority, the Department of Transportation and the South Jersey Port Corp.
  • Rowan University School of Veterinary Medicine / Cooper Medical School ($ 90 million): Support school.

The following are the 13 proposed projects to be supported by the State Fiscal Recovery Fund of the American Rescue Plan:

  • Hackensack University Medical Center ($ 100 million): Supporting the Hackensack University Hospital, which was certified as a level 1 trauma center in the fall of this year, in its efforts to strengthen the regional infrastructure for emergency health care. HUMC must submit a preparedness improvement plan subject to the conditions listed for the other Level 1 trauma centers.
  • Supply Chain Disruption Funding ($ 40 million): Established a program run by the Department of Community Affairs and the Housing and Mortgage Finance Agency to fill COVID-induced funding gaps in already underwritten and ongoing projects for affordable housing and community development.
  • Implementation of the Eviction Prevention Program ($ 37.5 million): Targeted support for people who need help most urgently with the application, as well as temporary workers in assessing eligibility and determining and paying out support benefits, in addition to other tasks that are crucial for the success of the program.
  • Greenway Acquisition ($ 25 million): To support the state’s efforts to purchase this transportation corridor in Essex and Hudson counties. These funds will complement funds from the Green Acres State Land Acquisition program.
  • Inspira Health ($ 20 million): Support Inspira Health’s proposed acquisition of Salem Medical Center, which will improve emergency preparedness and pandemic preparedness for this community.
  • Commuter Hub COVID-impacted Redevelopment Program ($ 10 million): Supporting retail and pedestrian activities in urban areas with public transport that have suffered economic damage from the decline in commuting due to the pandemic. This program would split funds between the Casino Reinvestment Development Authority and the Economic Development Authority for two targeted initiatives.
  • Pennsauken Community Center ($ 10 million): Help build a new community center in Pennsauken Township that will facilitate access to social services and mitigate the impact of the health emergency on education and child welfare.
  • RWJBarnabas Health ($ 5 million): Assisted RWJBH and Rutgers University Behavioral Health with programming related to the increased need for behavioral health due to the pandemic.
  • Wally Choice Community Center ($ 5 million): Support pandemic-related efforts (including education and social services) at this Glenfield Park facility.
  • Corporate Marketing Initiatives ($ 5 million): To help the state expand implementation of a marketing program to highlight the benefits of doing business in New Jersey while the state works to recover from the economic impact of the pandemic.
  • Atlantic Health ($ 3 million): To modernize and renovate the emergency room at Morristown Medical Center so the facility is better able to cope with the current pandemic and future infectious disease outbreaks.
  • Alexander Hamilton Visitor and Education Center at the Great Falls of the Passaic River ($ 2 million): Funding of eligible costs for this tourism-related project at the National Historical Park in the city of Paterson.
  • Vernon Parish ($ 100,000): To support community health efforts related to environmental remediation.

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26-year-old CEO completes SPAC deal and brings his autonomous trucking start-up Embark public

25 year old Embark CEO and co-founder Alex Rodrigues

According to Alex Rodrigues, CEO of Embark Trucks, the congestion in US ports, the shortage of trucks and the rise in e-commerce have created a unique opportunity for autonomous trucking has completed its SPAC merger and is trading on Thursday under the ticker EMBK on the Nasdaq.

“What we’ve heard from investors is that people really understand the need here and there’s a lot of excitement about the potential to revolutionize the way logistics work,” Rodrigues told CNBC. “We’re really at a tipping point now where it really starts to affect everyday people and when people don’t get their Christmas presents the need for a solution becomes much more urgent.”

Embark was founded in 2016 by 20-year-old Rodrigues and Brandon Moak and focuses on software and assistive technology for autonomous trucking. Embark can convert existing truck fleets into autonomous fleets and works with hauliers and truck manufacturers instead of developing their own vehicles. According to the Embark website, The company’s autonomous technology can improve fuel efficiency by 10%, reduce delivery time by 40%, and increase sales per truck by 300%.

In June, Embark announced that it would be using Northern Genesis Acquisition Corp II, a special purpose acquisition company, in a $ 5.2 billion deal.

As of Thursday, Embark expects to generate gross cash proceeds of approximately $ 614 million, including a private investment of $ 200 million from Knight-Swift Transportation Holdings, the largest trucker in the country, along with venture capital firms Sequoia Capital and Tiger Global. Rodrigues also becomes one of the youngest CEOs of a US public company at the age of 26.

Embark is the latest in a wave of autonomous freight forwarders to go public in 2021. TuSimple‘s IPO was in April, and it works with now UPS on railways for autonomous parcel delivery. Aurora innovation went public this month in a SPAC merger.

Wedbush predicts that approximately $ 750 billion will be spent on autonomous commercial vehicles over the next five years. Embark is partnered with AB InBev, Budweiser brewer, Werner company, a trucker for large retail stores, Ryder and DHL, and others, as all industries are looking to reduce supply chain spending.

“I think we are really excited that the industry recognizes that we are here as a quality partner and that we have been able to partner with some of the best in the business,” said Rodrigues.

Walmart announced this week it is with fully autonomous trucking to move online food orders through a partnership with the start-up Gatik.

Rodrigues believes it is another tailwind for his company and its autonomous logistics. “Large established players understand the urgency and necessity of this technology. We see that as a big plus. “

Correction: Plus and Hennessy Capital Investment Corp V have terminated their merger agreement. In a previous version, the status of the deal was incorrectly stated.

Public well being consultants push for regional collaboration with opioid settlement cash | WJHL

JONESBOROUGH, Tennessee (WJHL) – The region will make more for its opioid settlement money if northeast Tennessee counties work together on using the funds, public health experts told Washington County commissioners on Monday.

Rob Pack, professor of public health at East Tennessee State University (ETSU), pitched a concerted approach at a special district commission workshop on settlement funds. Pack has been a regional leader in drug abuse recovery efforts for the past decade and serves on several prominent regional and national groups dedicated to managing the crisis with an evidence-based approach.

Area governments are beginning to plan how best to spend the more than $ 20 million they will receive from the Baby Doe opioid settlement.

More than a month ago, the Stacy Street First District Criminal Justice judge suggested that local government leaders consider funding an inpatient treatment center in the former Northeast Correctional Center labor camp in Roan Mountain.

PREVIOUS: Community leaders hear pitch for a drug treatment center with Baby Doe comparative dollars

Street was in attendance on Monday, as were her fellow judge Lisa Nidiffer and State Representatives Rebecca Alexander (R-Jonesborough) and Tim Hicks (R-Gray).

Pack said he was coming not with a proposal but with a framework for how the county can best spend the funds. District Attorney Allyson Wilkinson said the commissioners will be free and free of possible “recoveries” from any bankruptcy related to the case on November 3rd.

“I have no profit from what I say tonight,” Pack told the commissioners. “I’m not looking for resources here, I’m not making a suggestion for anything.”

Instead, Pack reviewed facts about the impact of the opioid crisis at the regional and national levels.

He urged commissioners to consider a public health approach to using the funds and gave a full overview of how public health experts see the best way to help people recover from drug addiction and stay successful in recovery.

Pack said drug overdose deaths in Tennessee increased more than 40% in 2020 from 2019. However, he said that up to 66% of people suffering from substance abuse recover and call recovery “not just possible, but likely”.

A key to ensuring that success reaches the most people is remembering that recovery is likely and a willingness to use “harm reduction” methods, including considering needle exchange programs, Pack said.

Another, he said, is “maximizing the impact of settlement resources by coordinating recovery services.”

Finally, he pointed to successful models, including in Kentucky, that include opportunities for self-preservation efforts in order to be self-sustaining.

“We need to think about getting out of this eternal scholarship cycle,” said Pack.

Wilkinson said the vast majority of settlement funds have almost no restrictions.

Commissioner Freddie Malone noted that the opioid crisis has caused Washington County to bear more costs – in everything from law enforcement to public health to education – than it receives in funding.

Jim Wheeler agreed, saying the severance payment was “a very small amount that we get back for things that were actually expenses. This is not a grant … this is money that we spent and was recovered for the community … and whatever it is for is a local decision. “

Once November 3 arrives, the Washington County amount cannot be “reclaimed from bankruptcy,” and the county can begin allocating it at its own discretion.

Commission chairman Greg Matherly recommended that the procedure for examining specific proposals be left in the HEW committee.

Rivian, electrical car maker backed by Amazon and Ford, information to go public

Amazon’s new delivery truck

Amazon

Rivian Automotive, a company that develops electric vehicles including commercial vans for Amazon, filed for an IPO on the Nasdaq on Friday. The company aims to trade on the Nasdaq under the ticker symbol “RIVN”.

It is Paperwork shows Rivian posted a net loss of $ 994 million on zero revenues for the first six months of 2021. In 2020, the company’s net loss was $ 1.02 billion.

The company wrote in its submission: “We are a company in the development phase and have not yet generated any significant revenue. Vehicle production and deliveries began in September 2021.”

CEO RJ Scaringe, who holds a Ph.D. from Sloan Automotive Laboratory at the Massachusetts Institute of Technology, founded in 2009 Rivian. The company is based in Irvine, Calif., And employed 6,274 people at the end of June. It operates a vehicle assembly plant in Normal, Illinois.

Amazon and ford everyone owns more than 5% of the company. Peter Krawiec, Amazon’s Senior Vice President, Global Corporate and Business Development, sits on Rivian’s board of directors.

Rivian’s commercial vehicle business will be heavily dependent on Amazon for the foreseeable future. The company said Amazon has some exclusive rights to purchase Rivian electric delivery vehicles for at least four years, and then the right of first refusal thereafter.

Rivian beat Tesla, GM and ford launched with an electric pickup truck, the R1-T, which has already received rave reviews.

– CNBC’s Lora Kolodny contributed to this report.

SEE: Rivian CEO: We’re ready for the electric pickup race

Georgia public faculties obtain federal cash

But long-term budget problems remain.

ATLANTA – A Federal budget agreement Washington could mean more spending on local schools in Metro Atlanta.

The state has steadily reduced its share of public school funding over the past 20 years – even if the costs have risen sharply.

School buses are a major turning point. According to the Georgia Budget Policy Institute, the state funded 54% of school travel in the 1990s. Today it’s 14%, according to the GBPI, although it now costs more to buy and operate school buses.

This money comes from money that is used for education.

“So fewer teachers, fewer resources for children in need because the state continues to undermine and underfund public education,” said Stephen Owens of the Georgia Budget Policy Institute.

Owens says the federal government will pour billions of new dollars into Georgia public schools. But in a state where Owens says class sizes have grown and technology has lagged for the past twenty years, federal funding is unlikely to fix chronic government underfunding of public education.

“Perhaps, instead of investing this money in human infrastructure like school counselors or additional teachers, (schools) would instead use that money only for one-time expenses, staff loyalty rewards, and changes to the school building,” Owens said. “If you hire additional people, you only have to fire them again as soon as the federal funds are used up.”

Owens says local taxpayers have picked up much of the loophole left by the state’s underfunding of public schools. He says if the state wanted smaller class sizes and better technology in public schools across Georgia, more government funding would go the best.

Public suggestions for Toledo restoration cash introduced

TOLEDO, Ohio (WTVG) – The public has spoken, and we now have a better idea of ​​where Toledoers are planning to spend new dollars from Washington.

$ 180 million is on the way and there are plenty of ideas on how to spend it.

Too many boarded up and abandoned houses are scattered across Toledo’s neighborhoods. Many can come down with these recovery dollars. The top category of supported residents was “Safe and livable neighborhoods”.

In this category, “Demolition of Abandoned Houses” achieved the highest number of points. Another popular point to address is “lead water service line replacement”.

“Across the survey, more people rated this topic first than anything,” said David Mann, an adviser to Toledo Mayor Wade Kapszukiewicz.

This feedback will help the mayor’s council and office decide how to spend the money. “Safe and livable neighborhoods” as well as “Youth, recreation and parks” were in the foreground.

“These are the issues that lead people to choose to move elsewhere,” said Rob Ludeman, Toledo city councilor.

One concern of the data was demographics. Only 14% of respondents said they were African American, 58% said they were white, and 14% didn’t answer. The council members wanted to make sure that all viewpoints were taken into account.

“Because this money prioritizes color communities, there are also communities that live in poverty. I think it is very important for us to make sure the data is clear, ”said Dr. Tiffany Preston Whitman, Councilor of Toledo.

Dr. Preston Whitman attended the public input meetings and believes the percentages may not show minority communities, but her input that she heard at the actual meetings is consistent with this presentation.

“I think it will be heard. Like I said, if it was the meeting and the poll, it was pretty consistent from what I heard when I went to the meetings and also looked through the results. “

What is clear is that these dollars must not be put into savings or trust funds.

“The intent seems very, very clear that the Treasury Department wants this money to be spent,” Mann said.

The mayor’s administration will collect all this data and draft a regulation for the council that will be sent to them in early to mid-October.

The Council is then expected to vote on this regulation by the end of the year.

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Debt-Busting Tech Startup Brilliant Cash Pronounces Public Launch, With $31 Million in Funding

SAN FRANCISCO – () –Light money, an artificial intelligence (AI) financial platform based on its unique MoneyScience ™ algorithm, has secured $ 31 million in funding from Sequoia Capital India, Falcon Edge Capital and Hummingbird Ventures, along with investments from prominent angel investors like Ram Shriram (Alphabet board member and founder of Sherpalo Ventures).

Bright Money is helping Americans take control of their debts and start building real wealth through bespoke AI-powered financial planning. With its algorithm, Bright Money does all of the data processing math and financial planning for each user. Bright Money uses thousands of data points from a user’s financial life to build the best possible path to financial well-being while fitting into the user’s daily money activities. It works to outsmart banks and lending companies so that any Bright Money user can always get the best bang for their buck.

The Bright Money platform is designed for real financial needs that matter most to Americans, helping them move forward and make their dreams come true. It focuses on getting people out of debt, improving their credit scores, and increasing savings to build real wealth. On average, users pay more than $ 2,200 in credit card debt each year by using the platform, saving $ 750 in fees and interest fees, and adding 30-100 points to their creditworthiness.

The platform primarily helps hard-working, middle-income Americans – those between the ages of 25 and 40 who make $ 50,000 to $ 100,000 a year. These Americans have traditionally been underserved by banks and even by the youngest “neo banks”. Unlike existing services and products, Bright Money doesn’t just offer users more credit or a unified product. Bright Money offers highly customized planning that reacts to and adapts to each user’s changing finances while enabling intelligent automated payments that reduce debt and build wealth faster than most Americans can alone.

Bright Money was co-founded by Avi Patchava, an Oxford University graduate data science expert with a decade of experience using algorithms to solve consumer problems. and Petko Plachkov, a financial services veteran and serial entrepreneur who has successfully developed and scaled financial products for millennials for the past decade.

“When we started building Bright in 2019, we wanted to bring a unique system based on data science to help Americans organize their finances and fight their debts,” says Patchava. “The Series A funding we have secured will allow us to take our platform to the next level by giving users a transformative journey with their money to truly improve their financial future. We exist to deliver real results to people – not just another financial product. This is only the tip of the iceberg when it comes to harnessing the power of data science to fuel personal finances. ”

Bright Money has assembled a team of more than 100 money scientists: seasoned data scientists and AI engineers from leading research centers around the world with experience in finance, consumer technology and adtech. They spent two years building the MoneyScienceTM platform (a system of 34 different AI algorithms) from the ground up to provide unique financial planning and insights to consumers. Bright Money’s technology enables hyper-personalized and bespoke financial plans normally only offered to the wealthy through dedicated financial advisors.

“We designed Bright to meet the financial planning needs of middle-class Americans with no hidden costs or fees,” said Plachkov. “Bright is only $ 15 a month – affordable for everyone. How to get Bright’s algorithm for your finances for less than the price of Netflix. Most Americans make a decent living, but they’re poorly served by traditional financial firms and fintechs that offer one-size-fits-all solutions. With more than 30,000 people getting results with the Bright platform in beta, we know we are building a platform for the future of people’s money. ”

“Bright has invested in building a unique technology-enabled solution that will help consumers manage their money and reduce debt,” says Shriram. “The consumer debt and savings business is ripe for innovation to bring real value and simplicity to users looking to improve their financial lives.”

For $ 15 a month, users have access to all of the great Bright Money platform tools, educational resources – The School of MoneyScience ™ – and 24/7 access to customer support via phone, email and chat. Based in San Francisco with offices in London and Bangalore, Bright Money currently has 150 members on the data science and customer service team and is compatible with 14,000 banks in the US. For more information on Bright Money, see brightmoney.co.

About light money

Light money is an artificial intelligence (AI) financial platform powered by its unique MoneyScience ™ algorithm designed to help Americans take control of their debt and start building real wealth. Bright Money’s technology enables all users to access highly customized financial plans – usually only available from financial planners charging thousands of dollars – to help settle credit card debt, build their creditworthiness, and start saving. Bright Money delivers results to its users, with the average customer shedding $ 440 in debt and saving $ 750 a year in interest in the first three months. Bright Money’s patented platform has helped over 30,000 Americans to date and managed hundreds of millions of debts. Bright Money was founded in 2019 by Avi Patchava, a leader in the AI ​​industry. and Petko Plachkov, a serial financial services entrepreneur; and has teams in San Francisco, London and India.

MoneyScienceTM, Bright Money’s patented AI platform, uses thousands of data points on each consumer’s financial life and 34 algorithms to create highly customized financial plans for users. The MoneyScienceTM system was developed from the ground up over two years by leading AI and machine learning experts, combining basic AI technologies from other industries (adtech, entertainment, robotics and industrial automation) with best practices in personal finance. The result is simple, understandable, and impactful plans that are uniquely tailored to each individual – hyper-personalized for each user. Currently, such detailed planning is only available from professional financial planners, who charge thousands of dollars for such a service.

Avenue indicators encourage public to keep away from giving cash to panhandlers in Sioux Falls

SIOUX FALLS, SD (KELO) – When you see someone on the side of the road asking for help, it seems like the right thing to do to give them money, but police say it doesn’t always.

It’s not uncommon for people to ask for money along the busy streets of Sioux Falls. According to the police, the money raised is often used to feed addictions.

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“The reality is that when people are struggling with addictions, mostly alcohol, sometimes bad behavior is followed, it’s nature to drink too much sometimes,” said Jonathan Thum, Sioux Falls Police Chief, Jonathan Thum.

“We want to help the homeless in our community, but we also have to support our neighbors as well as our business people, because unfortunately they are the ones who get their hands on the effects of the rubbish, the rubbish, the not-so-beautiful things. We just have to respect them too, ”said Julie Becker, General Manager of St. Francis House.

The city has taken a number of measures to educate people about the problem of panhandling. These signs are the latest endeavors.

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“We want more than anything, you know, we could do press briefings, we could do PR campaigns, but a fixed stationary sign is just one more thing that people see and it reminds them, ‘Hey, let’s get ours ‘Money for the local charities that are doing such a great job helping people, not using our money to feed some of the addiction problems we are seeing in the community,’ ”Thum said.

There are many other ways you can help the homeless community here in Sioux Falls.

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“Besides St. Francis House, there are so many nonprofits that are really here to help the homeless in our community,” Becker said. “If you give us this support, we can expand that dollar even further to help so many more people.”

The city says they plan to further evaluate the impact of the signs before adding more across the city.

Macy’s says public can return to look at Thanksgiving Day parade in NYC

The Charlie Brown balloon floats on 6th Avenue during the annual Macy’s Thanksgiving Day Parade in New York City.

Stephanie Keith | Getty Images

Macys said Wednesday that the public will again be able to line the streets of New York City to see their annual Thanksgiving Day Parade live.

This year’s event will mark the 95th edition of Macy’s iconic balloon parade. Live musical performances will also resume, including the marching bands originally expected for last year’s parade.

The event was drastically reduced in the past year due to the Covid pandemic. It did not use the usual 2.5 mile parade route and just switched to a TV show instead.

“We are very excited to see the Macy’s Thanksgiving Day Parade in its full form again,” said the Mayor of New York City Bill de Blasio said in a statement. “We applaud Macy’s work in creatively continuing this beloved tradition over the past year.”

Macy’s said it adopted best practices from its recent July 4th fireworks show, which this year attracted a public audience after being reduced in 2020.

For its Thanksgiving Day Parade, Macy’s said that all volunteer participants and staff must be vaccinated against Covid-19. To implement social distancing along the parade route, Macy’s will reduce attendance by up to 20%, or around 800 to 1,600 attendees.

The department store chain also said it is still considering how to deal with the balloon inflation public viewing that takes place the night before the parade.

Macy’s added that it continues to monitor evolving health trends and stands ready to implement contingency plans if necessary.

Find the full Macy’s press release here here.

Disclosure: Comcasts NBCUniversal is the parent company of CNBC and CNBC.com. NBC has televised the event since 1953.