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Năm quốc gia sẽ phục hồi nhanh nhất sau đại dịch Covid-19

Các chuyên gia đã bắt đầu đánh giá khả năng phục hồi khi đại dịch Covid-19 được khống chế, và những quốc gia nào phát triển trở lại tốt nhất.




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Dịch châu chấu lớn nhất trong 70 năm hoành hành ở Đông Phi

Nếu Đông Phi không kiểm soát được, hàng tỷ con châu chấu sẽ tiếp tục sinh sôi nảy nở và có thể lớn gấp 400 lần dịch cũ




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What would you do if someone starts coughing next to you in public, says VANESSA FELTZ



Here's the question. With coronavirus raising its ugly head in this green and pleasant land, and with a pressing desire not to catch the horrible bug or pass it on to nearest and dearest - not to mention vulnerable strangers - at which point do we pitch in and speak out?




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The Queen gave us the confidence that all will be well, says VANESSA FELTZ



WE DON'T usually think of the Queen as the "mother of the nation".




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What happened to the dreaded Beast from the East?



A FEW days ago the meteorological fraternity was talking about the possibility of a shivering winter blast this week.




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A pest that caps them all, says ALAN TITCHMARSH



TOADSTOOLS are simply fascinating, scientifically speaking. The familiar caps-on-stalks are only part of a much bigger threadlike organism that lives entirely underground, sending up the familiar parasol structures to distribute their microscopic spores.




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The appetite for state control over what we eat is getting ridiculous, says FERGUS KELLY



Nothing better illustrates than the EAT-Lancet Commission on Food, Planet, Health, the relentless appetite for state control and removal of personal choice that exists as much in academic circles as political ones. The report's contents are even more indigestible than its title.




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Pandemic will END globalisation – elite must understand that, says SIR JOHN HAYES



THE CORONAVIRUS pandemic is forcing the political elite to finally acknowledge what the general public have known for some time; as a nation we have allowed ourselves to become far too dependent on importing essential goods and cheap labour from across the globe. The financial crisis of 2008 exposed as a myth the claim that globalisation would lead to ever greater prosperity for all. The current crisis has made it crystal clear that globalisation, as well as being bad news for our economy, puts lives at risk.




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Grand reopening: What's open, what's closed around St. George as Utah goes 'orange'

Utah gave businesses and facilities the green light to "tentatively" reopen, so here is a look at what is coming back in and around St. George.

       




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Utah and Washington County is reopening in phases. Here's what the plan does.

As Utah begins loosening its most stringent coronavirus restrictions, larger gatherings will be allowed and most businesses can open, within limits.

       




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Southwest Utah communities want a 'yellow' designation: here's what that means

Mayor Jon Pike confirmed southwest Utah communities want a "yellow level," which would have lesser restrictions for the public.

       




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Local saddlemaker discusses the iconic western saddle and what it takes to build it right

Saddlemaker Steve Hafen talks about what it takes to build a saddle to last generations, and how family and hard work are key components in his life.

       




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What St. George reopening amid COVID-19 and moving to 'orange' means for public health

With businesses across Utah reopening on May 1, here is what returning to normalcy might mean for the health of St. George residents in the future

       




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Pension news: UK sitting on £20BILLION ‘LOST pension mountain’ that could remain UNCLAIMED



A “JAW-DROPPING” 1.6 million lost pension pots worth nearly £20 billion are being left unclaimed, according to estimates from an insurance industry body. Savers are losing track of their pension stash due to job changes or moving house, with future retirees potentially missing out on staggering sums for their golden years.




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White men accused of killing Ahmaud Arbery won't face Georgia hate crime charges. Here's why.

Gregory and Travis McMichael, who are accused of fatally shooting Ahmaud Arbery, a black man, will not face hate crime charges. Here's why.

      




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Amid COVID-19 delays, football helmet outfitters face production logjam that threatens start of prep, youth seasons

Football Helmet companies will have tight deadlines to recondition, recertify and redistribute helmets needed for youth and high school programs.

      




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What we know about community where Ahmaud Arbery was shot: 911 caller reported 'black guy' on property

Local officials say the community is shocked that racism could have fueled the shooting of Ahmaud Arbery.

      




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What we learned in Tara Reade's interview with Megyn Kelly about the Biden assault claim

In her first on-camera interview since Joe Biden denied her assault allegation, Tara Reade told Megyn Kelly it "changed everything about my life."

      




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The 'Andy Griffith'-inspired movie exceeded its fundraising goal. Here's what's next.

The "Andy Griffith"-inspired movie "Mayberry Man" reached its fundraising goal. Here are more opportunities to be involved with the film in Indiana.

      




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Here's what visiting museums could be like once they reopen during the coronavirus fight

As The Children's Museum, Newfields and others wait for the OK to reopen, they are strategizing how to keep visitors safe from the coronavirus spread.

       




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What we can learn from Depression-era cooks: 3 recipes to try

Look to those that survived the Depression for survival tips.

      




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Video: 5 Indianapolis attractions that have come and gone

Memories of our most beloved amusements

       




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Broad Ripple's White City amusement park and the fake 'opium den' that burned it down

There were no fewer than 30 White City amusement parks across the world. They were inspired by the Chicago World's Fair.

       




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Letters: Speak out against rising anti-Semitism, hate speech, bigotry

The alarming rise of anti-Semitism in this country and other parts of the world is completely unacceptable, a letter to the editor says.

      




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Detective begs for help finding 8-year-old's killer: 'I just want to know what you know'

"He was eating dinner in his own home and did absolutely nothing to bring this upon himself," IMPD Detective Chris Edwards said.

       




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What we know about Indianapolis police shooting, possible ties to Facebook Live video

An Indianapolis Metropolitan Police Officer shot and killed a man in the area where a man on a Facebook Live video said he was being chased by police.

       




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Insider: Butler has a closer in Kamar Baldwin, and that is the March equalizer that opponents lack

Senior caps 36-point night with winning 3-pointer

      




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Doyel: March Madness was the Titanic and there was no way to avoid that coronavirus iceberg

People are mad, and want answers from NCAA president Mark Emmert about canceling March Madness without postponing it first. So let's ask him.

      




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What Butler basketball gets in grad transfer Jair Bolden: Grit, shooting and leadership

Bolden averaged 8.5 points in 21 minutes a game for South Carolina, starting 15 of 30 games.

       




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What Rob Reiner said on the red carpet at the Heartland Film Festival

Reiner directed the movie "LBJ," which was being screened at the film festival.

      




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Here's what Carmel, Indiana, looks like during the coronavirus pandemic

Carmel, Indiana, copes with closures during the COVID-19 pandemic on Wednesday, April 22, 2020.

       




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Goodbye to 'that May feeling': Watch an Indy 500 billboard come down after race postponed

John and Tucker Hartung of Lamar Advertising removed an Indianapolis 500 billboard along Lafayette Road, April 7, 2020. The race is delayed to August.

      




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'IndyCar Weekly' podcast: What's next for the series?

IndyCar driver Conor Daly and IndyStar's Nathan Brown discuss the iRacing finale, in which Daly finished second, and when real racing might resume

       




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What we know about IndyCar's planned 2020 season opener

The IndyCar Series released details Thursday regarding its 2020 season opener, scheduled for June 6 at Texas Motor Speedway at Fort Worth.

       




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Cartoonist Gary Varvel: What's powering Indiana's Senate race

Braun and Donnelly tout their support for Trump's policies

      




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Cartoonist Gary Varvel: What Democrats want for Christmas

Will the Mueller investigation deliver?

       




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Tully: Todd Young shows us that not all is broken in D.C.

Democrat Joe Donnelly is known for his bipartisan ways. But the state's junior senator, Republican Todd Young, also reaches out to the other side.

      




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Wild Wednesday drag racing: 'This is a run what you brung night.'

Wild Wednesday drag racing: 'This is a run what you brung night.'

      




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See what Wild Wednesday is all about: 'We come out to hear the music of the motors.'

Ordinary people in their ordinary cars take to the drag strip to get their need for speed.

      




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Avon football finding out about itself — and after 2 games, it likes what it sees

The third-ranked Orioles knocked off Ben Davis 41-17 with strong QB play and a defense that just keeps scoring.

      




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Avon passes first test of adversity, responds with emphatic second half vs. Fishers

Avon, the top-ranked team in Class 6A, found itself in unfamiliar territory on Friday night — trailing by two touchdowns early in a game.

      




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Here's what Danville looks like during coronavirus pandemic

A look at Danville, Indiana, during the coronavirus pandemic

       




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What price a Greek haircut?

One of Europe's most influential bankers said to me the other day that he thought it would be a disaster if any of the eurozone's debt-stretched nations imposed a reduction in the value of their respective sovereign borrowings, or - to use the jargon - took a haircut on their debts.

For him, the eurozone approach of muddling through - providing IMF and eurozone loans to those countries that cannot borrow on markets - is the right approach, even if it hasn't actually solved anything for the eurozone in a permanent sense.

It is curious he should take that view, given that the rescues of Greece and Ireland that took place last year are already having to be renegotiated. And the bailout of those countries didn't stop the rot: Portugal is well into the process of obtaining emergency finance from eurozone and IMF.

Wouldn't it be better to cut what Greece - or Portugal or Ireland - owes down to a manageable size, in tandem with the imposed shrinkage of its public sector, to put its public finances back on a basis that is sustainable for the long term?

The markets are saying that's the only way forward. Over the course of a year, the market price of Greek government debt has fallen by more than half, for example. The yield on 10-year Greek government bonds is well over 15%. Which is an unambiguous statement from investors that there is not the faintest chance that they will lend to Greece again, unless and until its debt burden is reduced to a manageable size.

Or to put it another way, markets are presenting a simple choice to eurozone government heads and the IMF: they can continue to lend to Greece for an indefinite period, in the hope that Greece's economic growth will eventually pick up and generate incremental tax revenues, which would allow the Greek government to perhaps start paying down its debts; or they can bite the bullet and put Greece into the equivalent of what the Americans call Chapter 11 bankruptcy protection, to restructure and reduce what Greece owes so that it is consistent with the market price of all that debt.

Now as of this instant, option one looks a bit naive, in that what's happened subsequent to the first bailout of Greece a year ago is that its ratio of debt to GDP has been growing in leaps and bounds to more than 150% of GDP (and for more on the heroic challenges faced by Greece, see reports in the next day or two from Stephanie Flanders, who is in Athens).

So you would have expected my influential banker - who knows a thing or two about the markets - to be in favour of what the markets are saying is inevitable. Surely he should be calling for that most humiliating event for any creditor, a formal admission by Greece that it can't pay what it owes, which goes by the moniker of a haircut, or restructuring, or default?

But Mr Big Banker doesn't think that's the right way forward. His reasoning is that he fears a debt restructuring would weaken many of Europe's banks, such that they would be forced to raise new capital - perhaps from their respective governments. And, for reasons that slightly elude me, he sees that as a worse outcome than leaving Greece trapped in an unbreakably vicious cycle of economic decline.

The odd thing, however, is that the official statistics really don't seem to indicate that a haircut on Greek debt would be Armageddon for Europe's banks.

It would be a disaster for Greece's banks, that's certainly true, given that (according to Bank of England figures) a 50% writedown of Greek sovereign debt would wipe out more than 70% of their equity capital. Or to put it another way, they would be bust and would have to be recapitalised.

But, sooner or later, Greece's banks are going to need strengthening in any case. Fixing Greece's public finances won't fix Greece unless its banks are mended too. So any estimate of the costs of rehabilitating that country will include the price of providing new capital to the banks.

The more relevant question, perhaps, is what a Greek haircut would mean for banks outside Greece.

The latest figures from the Bank for International Settlements, published a few days ago, show that at the end of last year banks outside Greece had lent $146bn to Greek banks, companies and the public sector - down from $171bn three months earlier. And, of this, loans to the public sector (largely holdings of Greek government bonds) were $54bn.

To be clear, this doesn't take account of exposure through derivatives, credit commitments or guarantees. So the world's banks probably have a further $100bn exposure to Greece.

The sums at risk therefore look serious though not - on their own - potentially disastrous for the health of the financial system.

Now as luck would have it, the banks most at risk happen to be those of the eurozone's two largest and strongest economies, Germany and France. The exposure of German banks to Greece is $34bn, including perhaps $20bn of loans to the Greek government, while the exposure of French banks is $57bn, of which again around $20bn is probably sovereign lending

Now because of what some would say is the madness of how the global Basel rules - that measure the strength of banks - are applied, there would be a double whammy for eurozone banks if there were a write-off of Greek sovereign debt.

The banks with Greek sovereign exposure would have to reduce their respective stocks of capital by the amount of the loan loss. And they would have to inflate the size of their balance sheets, because the residual exposure to the Greek government would lose its official (and some would say insane) zero risk weighting. So the fall in the capital ratios of banks with exposure to Greece would be magnified in a painful way.

Of the larger listed banks, only one, the Franco-Belgian group Dexia, looks as though it would be seriously hurt by a Greek debt writedown. According to Morgan Stanley, Dexia has 4.9bn euros of exposure to Greek sovereign debt, equivalent to more than half the value of its equity capital. Dexia would be significantly weakened by a 50% Greek haircut.

Next at risk, according to Morgan Stanley, would be Commerzbank of Germany, with €3bn of Greek sovereign debt, equivalent to 15% of its capital. Meanwhile BNP Paribas and Credit Agricole of France, Erste of Austria, KBC of Belgium and Deutsche Bank of Germany all have meaningful though not devastating exposures.

Less visible is the Greek exposure of Germany's state backed landesbanks - which regulators tell me is considerable. But if they were to incur large losses on it, Germany could afford to recapitalise them.

So what is going on? Why are eurozone governments so wary of a restructuring or haircut of Greek sovereign debt, given that banks in the round won't be killed by the consequential hit?

There seem to be three reasons.

First, in Germany, it is apparently politically more acceptable to provide rescue finance to Greece directly than to rescue German banks that foolishly and greedily bought Greek debt for its relatively high yield.

Second, a Greek debt restructuring would be a severe blow to eurozone pride in the strength of the currency union.

Third, a Greek haircut might be the thin end of a large wedge. If it created a precedent for haircuts in Portugal and Ireland, the losses for the eurozone's banks would begin to look serious. But again, if there were just a trio of national debt haircuts, if the rot were to stop with Ireland and Portugal, eurozone governments could afford to shore up and recapitalise their banks.

That said, what the eurozone could not afford - or so regulators fear - would be haircut contagion to the likes of Spain and Italy.

But Spain and Italy are looking in better shape. Spain, for example, is taking steps to strengthen its second tier banks and its banks in general have become less dependent on funding from the European central bank (which is a proxy for their perceived weakness).

So here, I think, will be what will determine whether Greece gets its haircut in the next two or three months: if eurozone governments come to believe that Spain is well past the moment of maximum risk of financial crisis, there will be a bold restructuring of Greek debt.

But, to use that awful footballing expression, if they do go for a Greek debt haircut or writedown, it will be squeaky bum time in government buildings all over Europe.




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Avon Schools is closing due to coronavirus concerns. Here's what parents need to know.

After a coronavirus update that a second student was showing symptoms, Avon schools decided to close all buildings ahead of spring break.

      




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What Indianapolis-area schools are saying about the coronavirus in Indiana

As the first cases of Hoosiers who test positive for COVID-19 are confirmed, schools in central Indiana are continuing to keep families updated.

      




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Schools are closed in Indiana until at least May 1. What parents need to know.

Gov. Eric Holcomb announced that all Indiana schools are closed until May 1, possibly beyond that.

      




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Coronavirus in Indiana: What will happen if schools are closed longer than May 1?

Schools across the state are closed until at least May 1, and it's possible that will be extended so students finish the year at home.

      




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With schools closed, day cares step up: What to know about child care as COVID-19 spreads

Indianapolis is partnering with YMCA, At Your School and Early Learning Indiana to provide care for children of first responders at a discounted rate.

      




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Coronavirus pushed school online. But what happens when you don't have internet at home?

The coronavirus outbreak shut down Indiana schools until at least May 1, meaning many are moving online. But not all students have internet access.

      




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Indiana schools are closed for the rest of the semester. What parents need to know

Superintendent of Public Instruction Jennifer McCormick announced Thursday that schools will stay closed for the rest of the academic year.