Good Afternoon. It's Monday, December 13th, and you’re listening to Ausum’s Afternoon News Briefing, where we round up the top latest articles that everyone is talking about.
AP News reported that the largest vaccination drive in US history began one year ago. Too many Americans are still unvaccinated, and far too many are dying as a result. As the anniversary of the US vaccine rollout approaches, the nation's COVID-19 death toll is estimated to be around 800,000 people. It was 300,000 a year ago.
While we celebrate the one-year anniversary of the largest vaccination drive, we're still struggling with what to do this winter. Forbes reported that New York implemented an indoor mask mandate on Monday to combat the spread of omicron, which applied to indoor businesses where there aren't already vaccination requirements in place, and businesses that don't comply face a $1,000 fine. Six other states have already enacted indoor mask mandates: Hawaii, Illinois, Nevada, Oregon, Washington, and New Mexico. While governors in Connecticut, Colorado, Massachusetts, and New Hampshire, have stated that they do not intend to impose new mask mandates.
Norway is taking it a step further and will tighten restrictions and accelerate vaccination to limit an expected surge of the coronavirus's Omicron variant, Reuters reported. The government announced its fourth round of measures in two weeks, including a ban on serving alcohol in bars and restaurants, the closure of gyms and swimming pools, stricter rules in schools, among other things. Norway is setting new COVID-19 infection and hospitalization records, thanks in part to the spread of Omicron, which is expected to become the dominant variant in the coming days.
Aside from masks and lockdowns, let's talk about holiday parties. Axios reports that as the Omicron winter wave approaches, businesses of all sizes and from all over the world are reconsidering their holiday celebrations. Many companies that held parties despite the rise of the COVID-19 variant had to deal with case spikes. To reduce that risk, many businesses are organizing small in-person gatherings as well as larger virtual gatherings, or a popular new option is putting the ball in the hands of employees by planning hybrid parties.
FOX reported that Jen Psaki, White House press secretary, said there is a "range of reasons" for the rise in crime and smash-and-grab robberies in cities across the country, avoiding a question about whether "soft on crime" policies are to blame. According to Psaki, the White House is focused on what it can do to address the issue, and the president has proposed more funding for police departments.
The President's spending patterns were addressed in The Hill, since Sen. Joe Manchin (D-WVa.) expressed concern about inflation and the expense of the Build Back Better (BBB) legislation on Monday, ahead of a phone discussion with President Biden on a social and climate spending bill by Christmas. However, Manchin has been warning for months that he is concerned about inflation and the bill's cost. Inflation was at an almost 40-year high, according to economic data released on Friday, despite the administration's efforts to portray the bill as anti-inflationary.
Joe Manchin is not the only West Virginia senator resolved to trim the Democrats’ “Build Back Better” spending bill, The Washington Examiner explains. Republican Sen. Shelley Moore Capito, the ranking member of the Environment and Public Works Committee, has been left out of negotiations over the partisan spending bill but is planning a trio of amendments to pluck energy and climate-related provisions from the bill once it’s introduced on the Senate floor.
The Wall Street Journal explains that the decision has led to stocks tumbling ahead of the Federal Reserve's important decision on how aggressively to combat inflation, which is due later this week. S&P was down 0.9 percent as of 4 p.m. ET Monday, following the benchmark index's close last week at its 67th record high of 2021. The Dow Jones fell 319 points, or 0.9 percent, in afternoon trade as losses deepened. And, Nasdaq, which is heavily weighted toward technology, fell 1.4 percent.
That’s all for today. Be sure to download the Ausum app to get the full Ausum experience. Catch you next time for the Ausum News Briefing every weekday, morning, and afternoon.