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On August 16th, Sophie Huynh, Portfolio Manager and Strategist at BNP Paribas Asset Management, stated that Europe is more likely to be a beneficiary of AI than a developer, with the automotive industry being one of the beneficiaries. Currently, European automotive stocks are so cheap that almost no one is really considering their upside potential. The key is understanding when the market will start talking about this, as it may take a year or two of holding these deep value sectors before the market consensus realizes it truly works. Many positive news regarding US consumer spending has already been priced in by the market, so the momentum of the US economy is slowing, while Europe is just beginning to recover.August 16 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.7-magnitude earthquake struck 81 kilometers northeast of Ruten Township, Manggarai Regency, East Nusa Tenggara Province, Indonesia, at 2:51 p.m. Central Time on August 16, with a focal depth of 10 kilometers.According to Irans Tasnim News Agency, the Iranian Revolutionary Guard stated that Qatar should allow an Iranian team of experts to investigate the missing pilots disappearance, rather than denying that the pilot had been detained.August 16 - Explosions were heard in Kyiv, Ukraine on August 16 local time.According to Irans Tasnim News Agency, the head of the Iranian militarys missing personnel stated that Qatar must allow an Iranian Air Force investigation team into the country.

U.S. No Longer Enforces Mask Requirement on Aircraft And Trains

Haiden Holmes

Apr 19, 2022 09:57

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Soon after the announcement, United Airlines and Alaska Airlines lifted the restrictions on all domestic flights, effective immediately.


The judgment by President Donald Trump's appointment, U.S. District Judge Kathryn Kimball Mizelle, came in response to a case brought last year in Tampa, Florida, by an organization called the Health Freedom Defense Fund.


Judge Mizelle said that the US Centers for Disease Control and Prevention (CDC) exceeded its jurisdiction with the requirement, did not solicit public feedback, and failed to sufficiently explain their judgments.


While the agencies considered possible next moves, a US administration official said that the court's judgment meant the CDC's public transit masking order was no longer in place. The administration may still appeal the ruling or request an emergency stay of enforcement.


"As a result, the TSA will not enforce its Security Directives and Emergency Amendments mandating the wearing of masks on public transit and transportation hubs at this time," the official said in a statement.


"The Centers for Disease Control and Prevention recommended that persons continue to use masks in enclosed public transit environments."


The verdict comes as COVID-19 infections continue to climb in the United States, with an average of 36,251 new infections and 460 daily fatalities based on a seven-day average - the highest documented total COVID-19 mortality in the world.


According to the White House, the verdict was "disappointing."


US health authorities extended by 15 days last week the regulation mandating passengers to wear masks on flights, trains, taxis, ride-share vehicles, and transportation hubs, citing a need to examine the effect of a recent increase in COVID-19 cases.


Industry groups and Republican legislators pressed the administration this week to repeal the 14-month-old mask rule.


United Airlines said Monday that masks are no longer needed on domestic flights and certain foreign flights, as well as at domestic airports in the United States. Alaska Airlines said that face masks are now available as an option on its aircraft.


The Transportation Security Administration (TSA) and the Federal Aviation Administration (FAA) refused to comment. The Centers for Disease Control and Prevention refused to comment.


In February 2021, the CDC issued the first public health rule mandating masks in interstate transportation. To execute the CDC mandate, the TSA issued a security directive.


Since January 2021, the FAA has documented a record 7,060 rowdy passenger events, with 70% involving disguising regulations.


Sara Nelson, president of the Association of Flight Attendants, pleaded with "In airports and on airplanes, maintain a state of serenity and consistency. Today, the last thing we need is uncertainty and mayhem for frontline staff and passengers flying."


Airlines for America, which represents the country's main passenger airlines, said after the news that they are "vigorous supporters for repealing pandemic-era rules and are delighted by the repeal of the federal transportation mask requirement."


Last month, the United States Senate voted 57-40 to repeal a public health directive mandating masks on aircraft and other modes of public transportation, prompting President Joe Biden to threaten a veto.