Here are the top companies leading the fight against coronavirus – MedCity News

A healthcare worker tests a woman’s temperature at a hospital in Turin, Italy. Northern Italy’s Lombardy region has seen a large outbreak of the SARS-CoV-2 virus.

As of Tuesday, more than 80,000 people around the world have become infected with the novel coronavirus, originally designated 2019-nCoV and now called SARS-CoV-2, according to the World Health Organization. The overwhelming majority of those cases – and the estimated 2,700 deaths – are in China, particularly around Wuhan, China, where the virus was first detected. However, large outbreaks in South Korea, Italy and Iran have fueled fears of a potential global pandemic, and the Centers for Disease Control and Prevention has said an outbreak in the U.S. is inevitable.

Government health authorities and drugmakers have quickly mobilized to develop drugs to treat patients with COVID-19, the disease caused by the virus, and vaccines to prevent infection. While it will likely be some time before the Food and Drug Administration approves one, several clinical trials are underway. The following are some of the companies that either have product candidates in the clinic or have announced partnerships to develop them with the U.S. Department of Health and Human Services.

Moderna
Headquarters: Cambridge, Massachusetts
Market cap: $10.3 billion
Product: Vaccine (mRNA-1273)
Stage: Phase I trial to begin soon

The company said on Monday that it had released the first batch of its investigational vaccine, mRNA-1273, for use in a Phase I trial among healthy volunteers. A page for the trial was posted on ClinicalTrials.gov the next day, with the National Institute of Allergy and Infectious Diseases – part of the National Institutes of Health – acting as sponsor. The trial page gives an estimated start date of March 6, though NIAID Director Anthony Fauci told The Wall Street Journal Monday that it could start in April. One site, run by Kaiser Permanente, is listed.

Gilead Sciences
Headquarters: Foster City, California
Market cap: $94 billion
Product: Drug (remdesivir)
Stage: Phase II trial initiated

Based on mouse studies showing that an investigational Gilead drug, remdesivir, has broad-spectrum activity against coronaviruses – particularly the SARS and MERS viruses – followed by a report of a COVID-19 patient’s symptoms resolving after taking it, there are now multiple clinical trials testing the drug in patients infected with SARS-CoV-2. The most recent one is a Phase II study that just opened at the University of Nebraska, sponsored by the NIAID, and other studies had previously been initiated in China.

Johnson & Johnson
Headquarters: New Brunswick, New Jersey
Market cap: $379.2 billion
Product: Drug
Stage: Discovery/preclinical

J&J’s Janssen subsidiary is one of several companies that have partnered with HHS’ Biomedical Advanced Research and Development Authority (BARDA), part of the Office of the Assistant Secretary for Preparedness and Response (ASPR), to develop vaccines and drugs for the COVID-19 virus. HHS said in a Feb. 18 announcement that BARDA and Janssen would work together to identify drugs that can be used to reduce the severity of COVID-19 illness and treat infections. HHS said the company would also identify compounds with activity against the virus. Prior to that, J&J Chief Scientific Officer Paul Stoffels said in a Jan. 27 interview with CNBC’s “Squawk Box” that the company was “pretty confident” it could develop a vaccine and had begun working on one two weeks prior. Janssen will work with the Rega Institute for Medical Research in Leuven, Belgium, to screen compounds.

Sanofi
Headquarters: Paris
Market cap: 113.6 billion euros ($123.7 billion)
Product: Vaccine
Stage: Discovery/preclinical

Also on Feb. 18, HHS said it had partnered with French drugmaker Sanofi to develop a vaccine against SARS-CoV-2. Under the partnership, BARDA is providing its expertise and allocating money to fund the vaccine’s development, while Sanofi is using its recombinant DNA-based and egg-free vaccine development system to produce a vaccine candidate. Sanofi and BARDA have had a partnership to develop vaccines since 2004.

Regeneron Pharmaceuticals
Headquarters: Tarrytown, New York
Market cap: $50.5 billion
Product: Drug
Stage: Discovery/preclinical

Like Sanofi, Regeneron is another company that had an existing relationship with BARDA, dating back to 2014. HHS said Feb. 4 that the two would use part of Regeneron’s VelociSuite monoclonal antibody discovery system to rapidly look for mAbs against the COVID-19 virus. The technology platform was previously used to develop monoclonal antibodies against the Ebola virus, used in a recent outbreak in the Democratic Republic of the Congo, and the MERS coronavirus. The system, HHS said, helped shorten processes like antibody discovery and selection and manufacturing for preclinical and clinical studies.

Photo: Stefano Guidi, Getty Images

Lawyering From A Pandemic

(Image via Getty)

Ed. note: This is the latest installment in a series of posts on motherhood in the legal profession, in partnership with our friends at MothersEsquire. Welcome Lindsay Kennedy back to our pages.

I live in South Korea with my young daughters and husband. I work remotely as a federal tax attorney, a job I started only one month ago and already adore. I am experiencing the euphoric sense of truly finding my calling in the legal world. Yet, here I sit dealing with the struggles of switching from SAHM to remote, part-time working mom and getting to navigate this new thing called the Coronavirus.

I have lived in Korea for eight months, so I am not an expert by any means. I have had the pleasure of learning about the Korean culture and falling in love with it. The Koreans absolutely adore children. Every face lights up when a kid walks into a room — including and especially store workers, which tend to give kids a different look in the United States. The Korean people have always, from the moment I arrived in Korea, highly prioritized germ prevention. It comes as no surprise to me that a virus with a new name would be treated with such a high degree of concern.

I treated this new thing like any attorney smack dab in the middle of it –- I researched it. I learned the coronavirus spreads like the flu, has symptoms like the flu, kills the same demographic of people as the flu (those with already compromised immune systems), and lasts about the same amount of time in the body as the flu. Since no one in my family has a compromised immune system, I don’t find the possibility of contracting the virus to be all that scary.

I made sure before I started working, I had proper care for my kids lined up -– back-ups plus back-ups to my back-ups and a team of support from friends. This virus has eliminated each option one by one.

The Korean school my 3-year-old attends was the first to close until further notice. The American school was next to close, informing parents at 7:30 the night before it closed for the rest of the week. Then, the back-up childcare facility let me know at 8:38 the night before it closed until further notice.  Friends that have been great assets in trading childcare have chosen to completely isolate themselves. They are scared and are choosing isolation as a means to find control. I am only on day two of having my kids at home and so far, I am lucky that they are being good about playing together and allowing me to work. I am also very lucky to have such a supportive boss.

Everywhere we have gone in the past three weeks, every single person is wearing a mask. Masks are never uncommon in Korea, but they have not been this overt. Hand sanitizers are everywhere. Every elevator has a bottle hanging in it, every store counter, everywhere.

My kids and I have allergies that are flaring up. We ran out of medicine just as the temperatures went from 50 degrees to a chilly rain. Since our allergy symptoms (runny nose, sneezing, coughing watery eyes) are similar to the common cold, flu, and coronavirus, I am scared of being seen.

I am not scared of contracting coronavirus; I am scared of sneezing in public. I do not want to be quarantined for 14 days. The easy solution was for my husband to get our refills. But I do not like feeling terrified that at any moment I could be detained, even temporarily for mandatory coronavirus testing.

The military is doing an amazing job at keeping families informed using social media in the perfect manner. In order to drive onto the military installation, we are now asked a series of questions and our temperatures are checked. Some of the gates to get on post have been closed. Getting on post used to take me three minutes, today after two hours, we were still not on post and gave up.

The airports and train stations all have thermal scans set up. A team stands on the side checking temperatures. I see very few people riding the public buses that are normally full.

There is a general panic in the air. I see the desperate pleas on Facebook by military spouses wanting to leave Korea. For the past few weeks, the Korean school has been sending me daily messages urging and begging families to not take children out of the house. The military has requested individuals not to leave their homes for social reasons, only if completely necessary. Of course, upon hearing this, the lawyer in me immediately started overanalyzing the definition of “social” versus “necessary.”

I used to live in Watertown, N.Y., home of massive snowfalls measured only in feet. When there was a massive overnight snow, we endured a sort of lockdown, as most families experience from time to time. But this is different.

There is a strong sense of panic in the air. Most businesses are closed. I get shameful looks when expressing a desire to take my family sightseeing in Korea. Things continue to change hour by hour. And, most challenging, there is not an end in sight.


Lindsay Kennedy recently took a position with Eaker Perez Law, doing exclusively U.S. federal tax law. She is also the Executive Director of MothersEsquire. Lindsay’s favorite thing, besides her family, is working to support changes in the legal profession to allow for more non-traditional options so both parents are afforded the opportunity to enjoy their family. She’s a proud mom of two beautiful girls and married to a loving and supportive husband. You can reach her at lindsay@eakerperezlaw.com

Hold Onto Your Knickers: Biglaw Partner Said ‘Damn’ At The Supreme Court

Well, well, well. Looks like that English teacher who told you using potty words was unprofessional was wrong.

During Supreme Court oral arguments earlier this week, a Biglaw partner dropped a “damn” to, um, colorfully illustrate his point. It’s no F-bomb, but it’s a victory for all of us who’ve been accused of being foul mouthed.

It happened during the arguments in Opati v. Republic of Sudan. Sudan’s lawyer, White & Case’s Christopher Curran, was in an exchange with Justice Stephen Breyer when he argued SCOTUS had previously held the retroactive assessment of punitive damages was unfair and a “draconian step.” That’s when the juiciness happened:

“So before we attribute that intention to Congress, we’re going to ask Congress to say it pretty damn clearly,” said Curran, paraphrasing the 1994 decision in the case Landgraf v. USI Film Products.

But, I’m sure Justice Breyer wasn’t too scandalized — he did use the word in 1997 during arguments in Richardson v. McKnight. And Chief Justice William Rehnquist let it fly in arguments in Donnolley v. Dechristoforo (1974). In fact, according to Law.com, “damn” has been said a handful of times during oral arguments from 1950-2015. However, the majority of the times it was used it was in quoting the record of the case. But at least one other advocate used “damn” for emphasis:

The one usage was by the late Tim Weaver, counsel to the Confederate Yakima Nation in the 1989 zoning case Brendale v. Confederate Yakima Nation. Weaver told the justices: “What happens on this piece of property directly affects what happens on the next piece of property. If someone wants to build a garbage dump next to your house, it’s pretty damn difficult for you to say to the zoning authority: ‘Gee, you ought to just stick on that piece of property and not let that use override onto my property.’”

Now, the use of “damn” is far from scandalizing, but that doesn’t mean appellate muckety-mucks don’t have thoughts on Curran’s word choice. Gibson Dunn’s Ted Olson said, “My personal opinion is that things like that, unless carefully considered, can distract from the substance of the message being conveyed. I try to avoid any slang, vernacular, argot, colloquialisms, street language, triteness or hyperbole. There may be times when something like that works, but very rarely, it seems to me.”

Paul Smith, vice president of litigation strategy at the Campaign Legal Center, expressed his disapproval, saying, “Supreme Court arguments can be done well in a conversational style, but this just seems a little jarring to me.” And David Frederick, a partner at Kellogg Hansen and author of Supreme Court and Appellate Advocacy, said, “I’m not a fan of using swear words in any court, much less the Supreme Court. It’s impolite and draws attention away from the substance of the argument.”

But Curran seems to be taking it in stride. He reportedly laughed when asked about the usage, saying, “I think the term speaks for itself.”


headshotKathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

Coronavirus Fears Prompt Biglaw Firms To Limit Travel, Reschedule Retreats To Protect Partners

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Earlier this week, Americans received a rather stark warning from federal health officials about the inevitable spread of coronavirus in the U.S. “[T]his could be bad,” Dr. Nancy Messonnier, director of the National Center for Immunization and Respiratory Diseases, said during a press briefing. “It’s not so much of a question of if this will happen anymore but rather more of a question of exactly when this will happen.”

Biglaw firms across the country are taking the news seriously, echoing the actions of their colleagues abroad and imposing travel restrictions and canceling events.

According to the American Lawyer, the following firms have either postponed or outright canceled their partner meetings and retreats:

  • Orrick – the firm’s partnership retreat in San Antonio, Texas, has reportedly been rescheduled over coronavirus concerns
  • Norton Rose – partners from certain locations (e.g., China) were not permitted to travel to the firm’s partners meeting in Austin, Texas, due to coronavirus fears
  • Duane Morris – the firm’s Asia partners meeting has been canceled, but a firmwide meeting is still planned to be held in Atlanta, Georgia, next month
  • Baker Botts – partners from Asian offices will not be permitted to attend the firm’s partner conference in Scottsdale, Arizona

Other firms are prohibiting and limiting travel to and within countries that have been stricken by coronavirus outbreaks:

  • Baker Botts – the firm is not permitting any employees to travel to mainland China and will limit travel to Hong Kong to trips made for “essential business purposes” only, and such trips must be approved by management
  • Paul Weiss – the firm will not allow any “non-essential” business trips to and from Mainland China, Hong Kong, South Korea, Japan, and Italy, and anyone who has traveled to or from those countries (or who was in close contact with someone traveling to or from them) must work from home for at least 14 days after traveling and may return to the office only if they are symptom-free

Work travel and meeting attendance come second when your health could be at stake.

“This is not something we came up with on our own. This is the advice we are giving to clients,” [Michael] Delikat, [an employment partner at Orrick,] said. “The focus has shifted to preventing transmission.”

He said clients, similarly, are canceling management retreats, banning all travel and rethinking other large gatherings of employees, except for mission-critical travel. Companies are no longer just limiting travel to China, he said, mentioning the possibility of employees, during a work trip, possibly coming in contact with travelers who may have been exposed to coronavirus in a number of countries.

What is your firm doing to protect its employees from potential exposure to coronavirus? Please email us or text us (646-820-8477). Stay safe, everyone.

Paul Weiss Restricts Travel, Orrick Postpones Partner Retreat Over Coronavirus Fears [American Lawyer]


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

Applying For A Green Card Will Now Make It Harder To Get A Green Card

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Donald Trump may not be able to define (or spell) “irony,” but he has nonetheless set up a solid lesson in irony through the Department of Homeland Security. Starting this past Monday, his administration has started implementing its “public charge rule,” which denies immigrant visas and adjustment of status — including green cards, which confer lawful permanent residency — to immigrants the government thinks are likely to depend on public benefits.

And in a neat little catch-22 worthy of The Bad Place itself, U.S. Citizenship and Immigration Service’s rewrote its rules for implementation to say that applying for a green card makes immigrants more likely to depend on public benefits and should officially count against them. Thus, applying for a green card now makes you less eligible for a green card.

It’s just what the Framers wanted!

Some background, for those of you who don’t walk around in a permanent state of immigration-law-related outrage: The public charge rule is actually a part of the Immigration and Nationality Act, but the Trump administration has redefined it to make it harsher. It says immigrants are ineligible for visas or admission to the U.S. if they are “likely at any time to become a public charge.” Previously, the implementation guidance on this gave decision-makers a list of four assistance programs and told them to exclude people who used those programs for more than half of their income.

But DHS under Ken Cucinnelli — the definitely-not-a-racist who rewrote “The New Colossus” to say the opposite of what it means and then argued that it was only supposed to apply to Europeans anyway — has expanded it considerably. According to the Catholic Legal Immigration Network Inc., immigrants are now considered public charges if they are “more likely than not” to participate in cash assistance programs, food stamps, Medicaid, and rental assistance for more than 12 months in total out of any 36. There’s more, but you get the idea: Down with the poor! To underscore the point, the rules even let immigrants who have the means buy their way out of the policy by making a large deposit.

Of course, this being the Trump administration, the actual point is to exclude as many people as possible from immigrating. The Migration Policy Institute calculated in 2018 that the public charge rewrite would expand the number of noncitizens deemed inadmissible to 47% from 3%. And it’s already scaring immigrants into avoiding public benefits programs, even the ones that aren’t on the list, like free and reduced school lunches. Medical policy wonks are particularly worried about the public health effects of keeping a bunch of people uninsured, underfed, and in poor housing.

Immigrant advocates have sued to stop this at least eight times, but the Supreme Court overturned a nationwide injunction in the matter in January, with Justices Gorsuch and Thomas writing to explain that they were rilly rilly concerned about nationwide injunctions. If this sounds familiar, it may be because they abandoned that fig leaf of an argument this week by blocking an injunction that only applied to Illinois. That’s what triggered Justice Sotomayor’s excellent dissent calling out the majority for rubber-stamping every stay the Trump administration asks for, and then Trump’s call for Sotomayor (and Ginsburg, for good measure) to recuse themselves from anything related to him.

On the plus side, Trump managed to spell “recuse” correctly. Hey, when you cover immigration, you have to grasp for whatever silver linings you can find.


Lorelei Laird is a freelance writer specializing in the law, and the only person you know who still has an “I Believe Anita Hill” bumper sticker. Find her at wordofthelaird.com.

DOJ Opens Office Of Citizenship Stripping, Because PRIORITIES!

Yesterday, the Justice Department announced the formation of a new section to enforce the president’s MAGA agenda. The Department’s Civil Division will now house a dedicated Denaturalization Section, working to strip American citizenship from “terrorists, war criminals, sex offenders, and other fraudsters.” The government needs full-time staff for all the people we’re going to be chucking out of the country.

“While the Office of Immigration Litigation already has achieved great success in the denaturalization cases it has brought, winning 95 percent of the time,” reads the DOJ press release, “the growing number of referrals anticipated from law enforcement agencies motivated the creation of a standalone section dedicated to this important work.”

“When a terrorist or sex offender becomes a U.S. citizen under false pretenses, it is an affront to our system—and it is especially offensive to those who fall victim to these criminals,” Assistant Attorney General Jody Hunt announced. Which certainly makes it sound like they’re going after scary bad guys, to keep Americans safe.

Except most of the time, they aren’t.

Operation Janus, the denaturalization task force partnered with Citizenship and Immigration Services (USCIS), has combed databases to revoke American citizenship from people who pose no danger whatsoever to their communities.

People like Norma Borgono, a 64-year-old grandmother living in Miami for the past 30 years. The Complaint to Revoke Naturalization against her alleges that, “Between at least April 2003 until May 2009, Defendant conspired to obtain more than $24 million in fraudulent loan transactions from the U.S. Export-Import Bank (“Ex-Im Bank”).”

But according to The Miami Herald, Borgono was a secretary making $500-a-week, who helped her boss prepare fraudulent loan applications, testified against him, and took a plea deal.

Working two jobs, she paid off her restitution and was relieved of her sentence early. Two years after she put it all behind her, Borgono received the letter notifying her that the U.S. government wanted to take away her citizenship.

The stated reason was that Borgono became a U.S. citizen after the fraud scheme started. Although she had not yet been charged when she applied for citizenship, the Department of Justice is now arguing that she lied by not divulging her criminal activity on her application.

“Had the threat to her citizenship been brought up,” during the original case, Borgono’s daughter, Urpi Ríos, told The Herald, “we would have gone to trial or found some way to fight it.”

The Justice Department’s press release trumpets its successful denaturalization of Guillermo Mondino, Borgono’s boss, for “conspiring to defraud the U.S. Export-Import Bank of more than $24 million, resulting in more than $12 million in unrecovered losses.” It fails to mention the ongoing effort to rid this nation of his secretary, a church-going abuela with kidney problems who never pocketed a cent from the scheme.

No one is unhappy that Sammy Rasema Yetisen aka Rasema Handanovic aka Zolja was denaturalized because she failed to disclose that she had been part of a firing squad that executed six Bosnian Croat civilians in 1993. But we managed to do it without a Denaturalization Section. And, unless the feds are expected a wild upswing in undiscovered terrorists and sex traffickers in our midst, the “growing number of referrals anticipated” will probably look more like Norma Borgono than Sammy Yetisen.

With his travel bans, fearmongering about scary caravans of brown people storming the border, declarations of a national emergency as justification to raid military funds for his border wall, and weekly lists of immigrants convicted of crimes, Trump has done everything he can to stoke fear of the OTHER. And there’s no reason whatsoever to see this new Denaturalization Section as anything but a continuation of these racist, xenophobic policies. Particularly when Bill Barr just announced that he would be looking into state prosecutors who “undercharge” defendants to avoid making them deportation-eligible.

What’s the opposite of “benefit of the doubt?” Because this administration has definitely earned it.

The Department of Justice Creates Section Dedicated to Denaturalization Cases [DOJ Press Release]
Miami grandma targeted as U.S. takes aim at naturalized immigrants with prior offenses [Miami Herald]


Elizabeth Dye lives in Baltimore where she writes about law and politics.

Make Money Mondays [late]: Tips for Generating Business While Waiting on a Long Line

This past Monday, I showed up bright and early at the United States Supreme Court hoping for a seat to view the argument in this case where my clients filed an amicus brief .  Knowing that I would have considerable wait time, I tried to come up with ideas on how to spend it productively. After all, since I wasn’t arguing the case, I didn’t really need to review the briefs.  Nor could I use the wait time  to return phone calls since the line formed so early and most of my clients or colleagues wouldn’t yet be available.  Sure, I could have plugged in my headphones and turned on an audio book or buried myself in my Facebook feed – but I could partake in those activities anytime 

So what could I do to maximize use of time spent on line? Here’s what I came up with.

Video Dispatches  Anticipating that I’d be waiting outside the courthouse, I originally planned on recording mini-news style videos and FaceTime lives to provide updates on the case and the pipeline work that I do. Video is a great way to make use of that kind of downtime and helps viewrs feel as if they’re part of the action.

Unfortunately, in my case, my video plan never came to pass because just a few minutes after arriving at the Court, I was ushered inside for the bar members’ line where video recording wasn’t permitted.  Likewise, I’d hoped to squeeze in a few recordings after I left but instead, met up with my clients who had traveled three hours to the Court. Still, video remains a good use of line waiting time and I hope I have a second chance to give it a try.

Twitter Dispatch  Tweeting while waiting online is practically a no-brainer. If you’re on a line where you can share your location and details of a case without breaching confidentiality, by all means do so as you may attract attention from potential clients and reporters following the matter.  If you can’t disclose location or subject-matter, you can use the line time more generally to catch up with social media postings – and for me, Twitter and/or Facebook are the easiest to engage through a phone.

Write a Post Mortem  After the case is over, chances are you’ll want to summarize the argument for a blog post or newsletter.  You can use the wait time to start an outline of an article, jot down notes, document first hand impressions that you can later incorporate into your story.  In other words, you can use the wait time to get a jump start on your eventual post-mortem of the events.

Brand Yourself  Lines are a great place to display brand. If you have a neat coffee cup, striking bag or other branded swag, wear it proudly online because someone might ask you about it – or remember it later on if they’re trying to think of the name of a law firm. And if you’re really ambitious, you could pass out snacks on line branded with your logo. Who doesn’t like a little food during a long wait?

Strike Up A Conversation  OK – this one is so very old school but striking up a conversation just plain works.  So as I stood on line, I looked for opportunities to chat with others, opening up the conversation by asking them about their interest in the case.  I wound up talking to a former FERC Commissioner whom I’d known for years but had never met and ran into a frequent opponent in my appellate gas cases. We caught up on the issues, discussed the cases and I followed up with a short thank and request for referrals after. Two more seeds planted.  

Just Show Up  All of us are busy and it’s tough to make time to appear at an argument that’s important for your industry or one of your colleagues. And these days, so many arguments – though not at SCOTUS – can be heard contemporaneously online so there’s little reason to occupy your morning with a physical trip.  But sometimes just showing up  to wait on a line to attend can be the best opportunity of all.  

As a young lawyer, I’d court watch all the time and introduce myself afterwards to the superstars in my field. But even now, thirty years into my career, I still benefit from face time.  In this instance, on the way out of the court, I ran into one of the leaders in the pipeline landowner opposition and said hello.  I know that the fact that I took the time to show up for this case reinforces my credibility in the landowner community.  Plus, I also snagged the benefit of a photo opp – a photographer hired by one of the non-profits that does this work snapped a few pictures of me which can be useful for my social media posts or newsletter.

By the way, these tips don’t just apply to lines for professional activities like hearings.  You can make use of wait time similarly whether you’re on vacation with your family at Disney, hoping to snag cheap Broadway show tickets at the TKTS booth in Times Square or simply on a daily pick up line at your kids school.  

Most of us groan at the thought of waiting on a long line. And while I don’t always have the time to wait, when I don’t have a choice, why let a good long line go to waste?

What are some of your line waiting business development ideas?  Post your comments below.

Larry Kudlow Proclaims Coronavirus Epidemic Fake News, Markets Promptly Resume Tanking

African Development Bank Executive Directors conduct consultative mission, tour project sites – The Zimbabwean

The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during which they were briefed on the current macro-economic, social and political environment in the southern African nation.

During the meeting with President Mnangagwa, the delegation appreciated ongoing reform efforts initiated since January 2019 as part of the government’s Transitional Stabilization Program 2018 -2020 under the IMF Staff Monitored Program (May 2019 – March 2020). They welcomed the president’s pledge to recalibrate the Program, which aims to implement a coherent set of policies that facilitate a return to macroeconomic stability.

The reforms include introducing necessary policy and institutional reforms for private sector-led growth, addressing infrastructure gaps, and launching quick-wins to stimulate and restore growth.

“I would like to express my gratitude to the Bank for the commitment towards Zimbabwe. We need more assistance as a country, more so, as we embarked on substantive economic reforms based only on domestic resources without help from the international community,” said President Mnangagwa.

The directors noted that despite some positive results, reform coordination in the country remains a challenge, against a backdrop of a continuing general rise in poverty levels, especially in the urban areas.

Zimbabwe is also still feeling the after effects of Cyclone Idai, which hit the country in March 2019, and the 2019/20 drought, which has left more than 8.5 million people (3 million of whom are in urban areas), food insecure.

The delegation also visited several Bank-funded projects, including the Post Cyclone Idai Emergency Recovery and Resilience Programme (PCIREP), implemented in the Chimanimani district, which was severely affected by Cyclone Idai. The project, funded to the tune of 24.7 million, focuses on public infrastructure interventions aimed at re-establishing sustainable livelihoods and kick-starting economic activities of the affected population.

They commended the government’s rebuilding efforts in Chimanimani and other parts of the country, and reiterated the Bank’s commitment to the people of Zimbabwe and the country’ economic development agenda.

The group urged perseverance in the implementation of reforms and called for early normalization of relations with development partners, which would help unlock more substantive external resources for Zimbabwe, including from the African Development Bank.

Travelling to Zimbabwe were Mbuyami Matungulu who represents a constituency covering Burundi, Cameroon, Central African Republic, Chad, Congo and Democratic Republic of Congo); Judith Kateera representing Angola, Mozambique, Namibia and Zimbabwe; Kenyeh Barlay for Gambia, Ghana, Liberia, Sierra Leone and Sudan; Paal Bjornestad for Denmark, Finland, India, Norway and Sweden; Amod Kipronoh Cheptoo, for Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, South Sudan, Tanzania and Uganda); and  Mmakgoshi Lekhethe, for Eswatini, Lesotho and South Africa.

Eugenio Paulo, Senior ED Advisor, and Josephine Ngure, Acting Director General (RDGS) also participated in the mission.

Post published in: Featured

Morning Docket: 02.27.20

* Stephen Barnes’s girlfriend is suing his ex-partner Ross Cellino and Cellino & Barnes over a bonus she is allegedly owed. Hopefully she gets the infamous jingle in the settlement. [Buffalo News]

* Harvey Weinstein’s lawyer has suggested he may not favor releasing Weinstein since Weinstein might get arrested on different criminal charges when released. [Bloomberg]

* A Utah woman who was seen topless by her stepchildren has taken a plea deal to avoid being labeled a sex offender. Her topless husband was standing next to her and wasn’t prosecuted…seems like a double standard. [Fox News]

* President Trump’s re-election campaign is suing The New York Times for libel over an opinion piece about Russian interference in the 2016 election. [USA Today]

* Joe Biden has announced that he intends to nominate a black woman to the Supreme Court if he is elected president, and some see parallels to a promise Reagan made during the 1980 presidential campaign. [Washington Post]

* The New Hampshire Supreme Court rejected a lawyer’s claim that his sleep apnea was to blame for his professional misconduct. Got to hand it to this lawyer for coming up with a creative argument. [AP]


Jordan Rothman is a partner of The Rothman Law Firm, a full-service New York and New Jersey law firm. He is also the founder of Student Debt Diaries, a website discussing how he paid off his student loans. You can reach Jordan through email at jordan@rothmanlawyer.com.