Society's Child
Italian authorities confirmed on Monday that a fifth person had died on its soil from the novel coronavirus and that the number of cases had risen to more than 200.
The governments of Slovenia and Croatia, where no cases have been reported, convened emergency meetings on Monday. Zagreb has since announced that all travellers arriving from Italy would be monitored and that all scheduled school trips to Italy over the coming weeks would be cancelled.
The Croatian Foreign Affairs ministry also updated its travel advisory, advising its nationals to avoid visiting the northern Italian regions of Veneto and Lombardy because of the "risk of coronavirus infection".
Further east in Romania, authorities have announced that all Italian nationals from Italian regions where cases of COVID-19 have been confirmed will be quarantined for 14 days. The AP news agency reported however that people at the border are only required to fill a form.
The Dow Jones Industrial Average closed 1,031.61 points lower, or 3.56%, at 27,960.80. The S&P 500 slid 3.35% to 3,225.89 while the Nasdaq Composite closed 3.71% lower at 9,221.28. It was the Dow's biggest point and percentage-point drop since February 2018. The Dow also gave up its gain for 2020 and is now down 2% for the year. The S&P 500 also had its worst day in two years and wiped out its year-to-date gain as well.
"The second-largest economy in the world is completely shut down. People aren't totally pricing that in," said Larry Benedict, CEO of The Opportunistic Trader, adding a 10% to 15% correction in stocks may be starting. He also said some parts of the market, particularly large-cap tech stocks, appear to be over-owned. "It seems like there's much more to come."

Members of a police sanitation team spray disinfectant as a preventive measure against the spread of the coronavirus.
A national system to control biosecurity risks must be put in place "to protect the people's health," Xi said, because lab safety is a "national security" issue.
Xi didn't actually admit that the coronavirus now devastating large swaths of China had escaped from one of the country's bioresearch labs. But the very next day, evidence emerged suggesting that this is exactly what happened, as the Chinese Ministry of Science and Technology released a new directive titled: "Instructions on strengthening biosecurity management in microbiology labs that handle advanced viruses like the novel coronavirus."
Comment: The media, it seems, is finally cottoning on to China's mistake. As we published last month: Did Coronavirus outbreak originate in a lab? Novel sequence in 2019-nCoV Virus genome suggests man-made cause
'The markets' are freaking out about the Coronavirus outbreak, but this is largely due to the manner in which it has been handled by the Chinese government, the WHO and other governments following their lead. At this point it seems pretty clear to us that the Coronavirus outbreak began in Wuhan, central China - location of that country's ONLY Level 4 biolab - because of an accidental release during vaccine trials, at which point it may have mutated further, leaving the Chinese authorities worried that it's only another mutation or two away from becoming truly pandemic.
As things stand, this outbreak is NOT pandemic, and the chances of it doing so are low. A death toll of 2,600 globally after 2 months is NOT a 'return of the Black Death'. This doesn't mean such is not in the cards in the not-too-distant future, but CoVid-19 is probably not it. The Chinese authorities, by their actions, gave away their culpability in causing this, and have likely given us a glimpse into how authorities the world over will attempt to contain future outbreaks.

The Jebel Ali area will host the gas reservoir project being developed by Dubai and Abu Dhabi. The venture brings together Adnoc and Dusup.
Despite its impressive production capacity, the UAE remains strongly dependent on imported natural gas to meet domestic demand. A third of the country's gas is provided by neighboring Qatar. The majority is exported through the Dolphin pipeline. The fraught political relations between Qatar and the UAE due the latter's support of the Saudi-led blockade create an awkward commercial relationship.
Therefore, the discovery of a massive gas field on the border of Dubai and Abu Dhabi could become a significant game-changer. Becoming self-sufficient improves the country's energy security and potentially transforms the regional geopolitical environment.
During the period, India's two-way commerce with China aggregated at USD 87.07 billion.
Similarly, during April-December 2019-20, the bilateral trade between the US and India stood at USD 68 billion. It stood at USD 64.96 billion with China in the same period.
Trade experts believe that the trend will continue in the coming years also as New Delhi and Washington are engaged in further deepening the economic ties.
An expert said that if the countries will finalise a free trade agreement (FTA), then the bilateral trade would reach at different levels.
"FTA with US will be very beneficial for India as the US is the biggest market for domestic goods and services," Federation of Indian Export organisations Director General Ajay Sahai said.
Comment: Also in the news today:
"Every journalist in the United States should feel a cold, icy hand running down their spine at the charges that had been leveled against this publisher. Because they could be next," writer Suelette Dreyfus says about Assange whose project published leaked documents exposing possible US War crimes in Iraq and letters exposing shenanigans against Bernie Sanders in 2016 by bosses within the Democratic Party.
"If Julian Assange being a publisher is put in prison for being a publisher, for no other reason than being a publisher, then we have no rules," says a Swedish journalist Johannes Wahlstrom, who worked with WikiLeaks on the documentary 'Mediastan'.
It all started like a happy love story in 2009, but eventually turned into a nightmare.
Anna from the Estonian capital, Tallinn, arrived in Norway to work as a nurse at a senior home. It was there that she met Jostein Finseraasen, a male nurse whom the wards simply adored and courted her like a true gentleman. The couple got married three month later, with Anna already being pregnant.
But the domestic bliss turned out to be short-lived. "When we began living together I started noticing aggressive outbursts from him toward animals at the farm," the woman recalled.
Overlooked by a few policemen, dozens of protesters began amassing near the courthouse earlier on Monday, just as the judges began the closely-watched extradition hearing for Assange.
There was no shortage of conventional placards calling for Assange's release, but some activists showed unorthodox creativity. One protester, dressed as a biblical character, stole the show by carrying a yellowish cross, with the words "The truth will win" imprinted on it.
More than 30 people were injured on Monday after a man drove into a crowd at a Carnival parade in the German town of Volkmarsen, police said.
Police spokesman Henning Hinn said "there were several dozen injured, among them some seriously, and sadly also children." Some of the injuries were life-threatening, he added. The number of those seriously injured was put at seven by Frankfurt police.
Hinn continued: "We are working on the assumption that it was a deliberate act."
But Tomeka Hart's Twitter feed shows that she indeed posted multiple times about the Russia probe and at least once about Stone, who was sentenced on Thursday to 40 months in prison in a case that stemmed from the special counsel's investigation.
Stone's lawyers filed a motion on Feb. 14 alleging that Hart's social media activity shows that she was biased against President Donald Trump and Stone. Trump also criticized Hart during a press conference after Stone was sentenced.
Trump called Hart an "anti-Trump activist," and suggested that she "tainted" Stone's jury.
Hart, who ran for Congress as a Democrat in 2012, commented negatively about Trump on Twitter and circulated news stories about the Russia probe. In one Aug. 2, 2019 post, she called all of Trump's supporters racist.
Stone, 67, has been one of Trump's most longstanding supporters, and is sometimes credited with convincing the real estate mogul to run for president.













Comment: See also: