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JPMorgan freezes donations to Republicans who contested election | Banks News

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JPMorgan Chase & Co will resume making political donations to United States lawmakers but will not give to Republican members of Congress who voted to overturn President Joe Biden’s election victory, according to an internal memo on Friday seen by Reuters news agency.

The bank was among many corporations that paused political giving following the deadly January 6 Capitol riots when supporters of former president Donald Trump tried to stop Congress from certifying the election.

Just hours later, 147 Republicans, the vast majority of them in the House of Representatives, voted to overturn the Electoral College results which Trump falsely claimed were tainted by fraud.

Following a review, the country’s largest lender will this month resume giving through its Political Action Committee (PAC) but will continue its freeze on donations to a “handful” of the 147 lawmakers whom it had previously supported, the bank said.

The pause will last through the 2021-2022 election cycle, which includes November’s midterm elections, after which JPMorgan will review whether to resume contributions to the lawmakers concerned on an individual basis, it said.

“This was a unique and historic moment when we believe the country needed our elected officials to put aside strongly held differences and demonstrate unity,” the bank wrote of the January 6 vote to certify Biden’s win.

JPMorgan noted that its PAC is an important tool for engaging in the political process in the United States. PACs are political committees organized for the purpose of raising cash to support or in some cases oppose election candidates.

“Democracy, by its nature, requires active participation, compromise, and engaging with people with opposing views. That is why government and business must work together,” JPMorgan wrote.

As part of its revamped spending strategy, the bank will also expand donations beyond lawmakers who oversee financial matters to those active on issues the bank considers “moral and economic imperatives for our country,” such as addressing the racial wealth gap, education and criminal justice reform.

Since the initial January backlash, corporations have been grappling with how to resume PAC spending, seen by lobbyists as important for gaining access to policymakers, without alienating other stakeholders, including their employees who fund the PACs.

The American Bankers Association PAC, one of the biggest in the country, started giving again in March, federal records show.

While JPMorgan did not name any lawmakers in its memo, the bank’s new policy risks alienating Republicans with sway over banking policy, some of whom are already angered by its active stance on issues like climate change and racial equity.

Of the 147 lawmakers, JPMorgan gave $10,000 each to House finance committee members Blaine Luetkemeyer and Lee Zeldin, and House Republican leader Kevin McCarthy, among others, during the 2019-2020 election cycle, according to the Center for Responsive Politics (CRP). Representatives for the lawmakers did not immediately respond to requests for comment.

All told, JPMorgan’s PAC gave nearly $1m to federal candidates and committees backing candidates during the 2019-2020 election cycle, according to CRP.

Of the $600,300 it gave to federal candidates, nearly 60 percent went to Republicans and the rest to Democrats, according to the CRP data, a mix that is likely to swing further to the left as the bank supports a broader range of social and economic issues.

Commercial banks overall have ramped up political spending in recent years, dishing out $14.6m to federal candidates in the 2020 cycle, the second-highest amount since 1990, the data shows.

Following the 2008 financial crisis, that mix favoured Republicans but in recent years banks have increased spending on Democrats as they look to rebuild bipartisan support in Congress.



Source – www.aljazeera.com

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Explainer: What is the Delta Plus variant of COVID-19? | Coronavirus pandemic News

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Scientists worry the mutation, coupled with other existing features of the Delta variant, could make it more transmissible.

India on Wednesday said it has found about 40 cases of the Delta coronavirus variant carrying a mutation that appears to make it more transmissible, and advised states to increase testing.

Here is what we know about the variant.

What is Delta Plus?

The variant, called Delta Plus in India, was first reported (PDF) in a Public Health England bulletin on June 11.

It is a sublineage of the Delta variant first detected in India and has acquired the spike protein mutation, called K417N, which is also found in the Beta variant first identified in South Africa.

Some scientists worry that the mutation, coupled with other existing features of the Delta variant, could make it more transmissible.

“The mutation K417N has been of interest as it is present in the Beta variant (B.1.351 lineage), which was reported to have immune evasion property,” India’s health ministry said in a statement.

Shahid Jameel, a top Indian virologist, said the K417N was known to reduce the effectiveness of a cocktail of therapeutic monoclonal antibodies.

Where all it has been found?

As of June 16 (PDF), at least 197 cases have been found in 11 countries – Britain (36), Canada (1), India (8), Japan (15), Nepal (3), Poland (9), Portugal (22), Russia (1), Switzerland (18), Turkey (1), the United States (83).

India said on Wednesday about 40 cases of the variant have been observed in the states of Maharashtra, Kerala and Madhya Pradesh, with “no significant increase in prevalence”. The earliest case in India is from a sample taken on April 5.

Britain said its first five cases were sequenced on April 26 and they were contacts of individuals who had travelled from, or transited through, Nepal and Turkey.

No deaths were reported among the United Kingdom and Indian cases.

What are the worries?

Studies are continuing in India and globally to test the effectiveness of vaccines against this mutation.

“WHO is tracking this variant as part of the Delta variant, as we are doing for other Variants of Concern with additional mutations,” the World Health Organization (WHO) said in a statement sent to Reuters news agency.

“For the moment, this variant does not seem to be common, currently accounting for only a small fraction of the Delta sequences … Delta and other circulating Variants of Concern remain a higher public health risk as they have demonstrated increases in transmission,” it said.

But India’s health ministry warned that regions where it has been found “may need to enhance their public health response by focusing on surveillance, enhanced testing, quick contact-tracing and priority vaccination”.

There are worries Delta Plus would inflict another wave of infections on India after it emerged from the world’s worst surge in cases only recently.

“The mutation itself may not lead to a third wave in India – that also depends on COVID-appropriate behaviour, but it could be one of the reasons,” said Tarun Bhatnagar, a scientist with the state-run Indian Council of Medical Research.



Source – www.aljazeera.com

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EU citizens in UK to be given 28 days to apply for settled status | Brexit News

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People who miss the June 30 settlement scheme deadline will be issued warnings to apply or risk losing their rights.

European Union citizens living in the United Kingdom will be given a 28-day warning to apply for post-Brexit settled status or face losing some of their rights from next month, the government said on Tuesday.

The UK’s so-called settlement scheme for EU and European Economic Area (EEA) citizens, which opened in early 2019, closes on June 30.

It allows Europeans in the UK to retain the same residence, travel, employment and healthcare rights they had before Brexit.

The rules around the UK’s departure from the bloc, which came into force at the beginning of this year, ended the reciprocal freedom of movement.

About 5.6 million people and their dependents have applied for settled status under the scheme since it was introduced.

But about 400,000 cases still require processing, while many are rushing to submit their applications before next week’s deadline.

At the same time, messaging and outreach campaigns are targeting those who may not be aware of the need to apply by next week’s deadline.

Immigration minister Kevin Foster said anyone whose application was not filed by the deadline would not see their rights immediately withdrawn, as they were protected by law.

But he also ruled out extending the June 30 cutoff point.

“Put simply, extending the deadline is not the solution to reaching those people who have not yet applied, and we would just be in a position further down the line where we would be asked to extend again, creating more uncertainties,” Foster told members of a parliamentary committee.

He added that immigration enforcement officials would instead begin issuing 28-day notices to those yet to apply.

The UK’s Home Office, which oversees immigration, said that applications may also be submitted past the 28-day notice period in some cases.

“We’ll set up the support available and we’ll signpost people to make an application, but we do recognise that there may be some people who, after that 28 days, still haven’t been able to make an application,” a Home Office spokesman said, according to The Guardian newspaper.

“I think we would want to work with them to understand why that is the case, and then support them again to make the application.”

Foster said those who had missed the deadline on reasonable grounds will still be able to apply, citing exceptions such as children whose parents had failed to apply on their behalf, or individuals with a serious illness that had prevented them from filing their paperwork.

The government will also issue a “certificate of application” for those awaiting a decision, he added, which will act as proof of their right to work, rent property, obtain benefits and use the National Health Service.



Source – www.aljazeera.com

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Distribution of Mosquito Nets to Markets Traders Commences

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Government has on Wednesday started distributing mosquito nets to traders; starting with the Nakasero market.

The exercise was kick-started with 2000 mosquito nets from Quality Chemicals Limited (QCL).

During his last address to the nation on Friday 18th June 2021, President Yoweri Museveni announced a 42-day lockdown directive, and all food market vendors were asked to stay at their places of work to avoid spreading the disease.

“Food market vendors should revert to the Presidential Directive of March 2020 to stay in their places of work,” he said.

President Museveni also said that the food market vendors were to be provided with mosquito nets and polythene sheets for their protection.

Handing over the donation, Mr. Emmanuel Katongole, a director at Quality Chemicals Limited applauded the market vendors for the sacrifice made when they fled their homes to sleep at workplaces to earn a living for their families and provide food to our communities.

“It is therefore important to us to ensure that they are protected from the harmful mosquitoes that linger in the night. We have donated 2000 mosquito nets to the Ministry of Health who will supply them to the market vendors,” he said

Adding, “I applaud the president and the Ministry of Health for their role in the fight against covid-19. As Quality Chemicals, we decided to contribute towards government efforts in the fight against malaria.”

Upon receipt of the donation on behalf of the Ministry of Health, Dr. Diana Atwine, the Permanent Secretary applauded quality chemicals for a helping hand.

“The women who sleep in the market are about 5000 according to the number that was given to us by Kampala Capital City Authority (KCCA). The ministry has also brought 3000 nets to ensure that the population is covered. The nets are to protect them from mosquito bites while you’re asleep,” she said.

She asked them to follow the Standard Operating Procedures to avoid the further spread of Covid-19.

The post Distribution of Mosquito Nets to Markets Traders Commences first appeared on ChimpReports.



Source – chimpreports.com

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