Redfield argued COVID-19's efficient human-to-human spread contradicted behavior of other deadly coronaviruses with similar profiles.Ī Top Virologist in China, at Center of a Pandemic Storm, Speaks Out Genomic sequencing efforts are limited in developing countries, but scientists are mobilizing to help.įormer CDC director Redfield explains why he believes COVID-19 emerged from lab, WHO 'compromised' New Coronavirus Variants Are Urgently Being Tracked Around the World UK scientist at center of pandemic origins debate removed from inquiryĭr Peter Daszak 'recused' from investigation into virus emergence after concerns raised over links with Chinese laboratory. Read the full story at: PolitiFact Factual Reads on Coronavirus (Photo by NORBERTO DUARTE / AFP)Ĭirculating on social media: Claim that AstraZeneca means “weapon that kills.” They caution that hypotheses about both natural and laboratory spillovers must be taken seriously until there is sufficient data.A nurse holds a vial of the AstraZeneca COVID-19 vial at "Santo Domingo" nursing home, Asuncion, Paraguay, on April 10, 2021. In a letter published in the journal ?Science’, the experts from world leading universities such as Harvard, Stanford and MIT said knowing how COVID-19 emerged is critical for informing global strategies to mitigate the risk of future outbreaks. The Wuhan Institute of Virology is near the outbreak’s known epicentre of Huanan Seafood Market in Wuhan.įormer US president Donald Trump was among those who supported the theory that the virus might have escaped from a bio lab in China.Įarlier this month, a group of leading UK and US scientists called for more investigation to determine the origin of the COVID-19 pandemic, including the theory of an accidental release from a lab in the central Chinese city of Wuhan. The origins of the COVID-19 pandemic remain a widely debated topic, with some scientists and politicians maintaining that the possibility of a lab leak of the deadly virus exists. What more evidence could you want, aside from the presently unobtainable lab records documenting SARS2’s creation,” he wrote. It possessed an unusual enhancement, a furin cleavage site, which is not possessed by any other known SARS-related beta-coronavirus, and this site included a double arginine codon also unknown among beta-coronaviruses. The virus was already well adapted to humans, as expected for a virus grown in humanised mice. “In all of China, the pandemic broke out on the doorstep of the Wuhan institute. So escape of a virus would not be at all surprising,” he said. The researchers were not vaccinated against the viruses under study, and they were working in the minimal safety conditions of a BSL2 laboratory. This is exactly the kind of experiment from which a SARS2-like virus could have emerged. “It’s documented that researchers at the Wuhan Institute of Virology were doing gain-of-function experiments designed to make coronaviruses infect human cells and humanized mice. The “proponents of lab escape can explain all the available facts about SARS2 considerably more easily than can those who favour natural emergence,” he wrote. If a virus with the unexpected infectiousness of SARS2 had been generated there, its escape would be no surprise,” he said. They were doing so under the minimal safety conditions of a BSL2 lab. Wuhan is home to China’s leading center of coronavirus research where researchers were genetically engineering bat coronaviruses to attack human cells. “For the lab escape scenario, a Wuhan origin for the virus is a no-brainer. Wade said that many people know that there are two main theories about its origin – one is that it jumped naturally from wildlife to people and the other is that the virus was under study in a lab, from which it escaped. For lack of access to such records, another approach is to take certain salient facts about the SARS2 virus and ask how well each is explained by the two rival scenarios of origin,” according to him. Proof would consist of evidence from the Wuhan Institute of Virology, or related labs in Wuhan, that SARS2 or a predecessor virus was under development there. “But the case, however substantial, falls short of proof. The evidence adds up to a serious case that the SARS2 virus could have been created in a lab, from which it then escaped, wrote Wade, who refers to SARS-CoV-2 virus as SARS2 in short.
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housing bubble, which led to him being the subject of the popular 2010 book The Big Short by Michael Lewis. He also profited during the crisis by betting against the U.S. Park, Jin-Woo and Jae-Seung Baek (2003), “Corporate Governance and Shareholder Wealth Maximization: An Analysis of Convertible Bond Issuance (in Korean),” The Korean Journal of Financial Management Vol.20, pp.Michael Burry, a well-known investor and hedge fund manager, tweeted a message on Thursday about so-called "death spiral convertibles" that stoked the curiosity of his followers.īurry founded the hedge fund Scion Capital and later Scion Asset Management, but he is perhaps most famous for being one of the first prominent investors to accurately predict the financial crisis of 2008. “The Value of Corporate Voting Rights and Control: A Cross-country Analysis”. Majluf (1984), “Corporate financing decisions when firms have investment information that investors do not,” Journal of Financial Economics 13, pp. La Porta, Rafael, Florencio Lopez de Silanes, and Andrei Shleifer (1999), “Corporate Ownership around the World,” The Journal of Finance Vol.54 No.2 pp.471-517 Kang, Hyo-Seok, Jinwoo Park, and Jae-Seung Baek (2007), “International Financing and the Efficiency of Corporate Governance: An Analysis of Overseas Securities Issues (in Korean),” Korean Academy of International Business Vol.18, pp.53-81 Jung, Mookwon (2003), “Long-Term Performance Following Convertible Debt Issuance (in Korean),” The Korean Journal of Finance Vol.16, pp.96-127 (2000), “Tunneling,” American Economic Review Papers and Proceedings Vol. Johnson, S., La Porta, R., Lopez-de-Silanes, F., Shleifer, A. Hillion, Pierre and Theo Vermaelen (2004), “Death Spiral Convertibles,” Journal of Financial Economics Vol.71, pp.381-415 Allen (2006), Corporate Finance, 8th edition, McGraw-Hillīrophy, David, Paige Ouimet, and Clemens Sialm (2009), “Hedge Funds as Investors of Last Resort?” Review of Financial Studies, Vol.22, pp.541-574ĬGCG (2002), “Doosan’s Preferential BWs Serve Double Purpose for Controlling Shareholder: Power Extension and Inheritance,” Center for Good Corporate Governance Issue Report (October 24, 2002)ĬGCG (2003), “The Controlling Shareholders of Doosan Renounce Their Doosan Warrants,” Center for Good Corporate Governance Issue Report (February 24, 2003) G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwillīrealey, R.A., Myers, S.C., and F. G - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers Acquisitions Restructuring Corporate Governance Item Type:ĭeath Spiral Issues in Emerging Market: A Control Related Perspectiveĭeath spirals Convertibles Warrants Control enhancing mechanisms Korea Finally, in approximately half of these firms, at least one member of the controlling party holds hybrid securities that can later be converted into voting shares. Fourth, this same set of firms do not experience a decrease in proportional ownership by the controlling party, while family members other than the controlling shareholder experience the most pronounced increases in the number of shares held. Third, we do not observe subsequent changes in the controlling shareholder in more than 60% of the issuers and these firms exhibit superior operating performance at the time of the issue compared to other death spiral or non-death spiral issuers. Second, operating performance of chaebol issuers are not necessarily low at the time of the issue nor does it deteriorate over time, but they still prefer to issue death spirals over traditional fixed-priced hybrid securities. First, abnormal returns subsequent to death spiral issuance is negative, but more so in poorly governed firms. Using a total of 199 death spiral issuances by public firms listed in the Korea Stock Exchange during 1998-2006, we find a number of pieces of empirical evidence that are less consistent with the conventional last resort financing hypothesis, but rather consistent with the control enhancing or control transferring hypothesis. This paper studies the motive of issuing floating-priced convertibles or warrants, known as death spirals, in a country where the private benefit of control is high.
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Compared to these decades, the 2010s looks a lot more happy-go-lucky, doesn’t it? Now, moving on to another point I want to make. The president was George Bush Jr, a man of many controversies. Green Day, Blink-182 and Fallout Boy were huge. One of the biggest music genres was punk. And while those things have been normalized in society today, back then they were groundbreaking and edgy. Alternative rock bands like Nirvana and Radiohead were wildly popular, and some of the most widespread shows on television were The Simpsons and Married with Children, both deconstructions of light-hearted family sitcoms of the past. The 90s was about going against the system. Compare all of these factors to other decades. There are definitely people who have strong opinions on him now, but at the time he was seen as harmless. And his “Hope” campaign is, to me, the perfect indicator of why the 2010s were so different. Most people either liked him or had no strong opinions on him. Sure there were people who didn’t like him, but due to his general inoffensiveness, these people were the minority. And he was generally a non-controversial person at the time. He was the president throughout the entirety of the early 2010s. And finally, what I think is the biggest indicator of the different culture of the time (at least in America): the president. All of these songs are super upbeat and positive. Songs like Call Me Maybe, Gangnam Style and Happy for example. Think of some of the most popular music from the decade, also. Stuff like Philosorator or Troll Face were way more inoffensive than the memes of today, and DEFINITELY more inoffensive than the memes of the mid to late 2010s. Memes took off in the early 2010s, and they were way less cynical and irony-coded than they are now. The culture of the first half of 2010s was generally more about positivity and having fun than the second half. And I think the reason is because of how quickly things changed once the middle of the decade hit. However on the internet, early 2010s nostalgia is still big. While 80s nostalgia got big in the mid 2000s, it wasn’t really mass marketed until the 2010s. And while the media aesthetic hasn’t been mass marketed by corporations yet, you have to remember that it took a while for the other decades too. With the early 2010s (and I guess by extension the late 2000s but mostly the early 2010s) got big in 2019 and exploded when the pandemic started in March 2020. All of them took at least a decade before mass amounts of people made the decade an aesthetic. 1980s nostalgia didn’t get big until the mid-2000s, 90s nostalgia got big in the early 2010s, and 2000s nostalgia got big in the mid 2010s. With other decades, it took a while for nostalgia of said decade to become mainstream. This is gonna be a long post lol, just an FYI. Simply go to /r/GenZ or set the Redesign as your default experience in your account preferences. REDESIGNįor the best possible /r/GenZ experience, please consider switching over to the Reddit Redesign. If you're still having problems you can request a flair by contacting the mods. To find out how to set your user-flair, either check the dedicated Wiki page (click here) to find out how to set your flair manually, or comment in the dedicated flair request thread (click here) to have your flair applied automatically. Generational flairs are a staple of /r/GenZ. (Please click the relevant rule to read a full breakdown) r/GenZ is a place for members of Generation Z (born 1995-20**) to hang out and post any content related to our generation. OFFICIAL DISCORD | OFFICIAL MINECRAFT SERVER Night Mode Light Mode OFFICIAL DISCORD ABOUT |
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