Massive Fraud at Indian State-Owned Bank Linked to Celebrity Jeweler

The uncovering of one of the biggest frauds at a state-owned bank in India has rocked the country’s financial sector and brought scrutiny to a billionaire jeweler who counted Hollywood stars among his customers.

The nearly $1.8 billion fraud reported at India’s second-largest state-owned bank is a blow to the government’s efforts to revive the state-owned banking sector, which is already staggering under a mountain of bad debt.

Nirav Modi, whose jewelry boutiques span high-end streets from Hong Kong to London to New York and whose diamonds have been worn by Hollywood stars such as Dakota Johnson and Kate Winslet, is being investigated for the fraudulent transactions. His brand ambassador is Bollywood star Priyanka Chopra, who has also carved a niche in the United States.

The fraud, which officials say had been going on from a single branch of Punjab National Bank in Mumbai, went undetected since 2011. Calling it a “cancer,” the bank’s chief executive, Sunil Mehta, told a news conference earlier this week that it had been removed. “We will resolve it and we will honor all our bona fide commitments.”

Officials at the bank have accused Modi and his companies of obtaining unauthorized letters of undertaking from junior employees to secure credit from overseas branches of Indian banks. 

Modi has not responded to the allegations and, according to some reports, left the country last month. His home, stores and offices were raided by Indian investigators. His passport is being revoked, according to the Law and Justice Minister, Ravi Shankar Prasad.

“No one will be spared,” he said. “The taxpayers’ money will not be allowed to be lost. The investigation is proceeding with great speed and pace.”

Modi, whose worth is estimated at about $1.74 billion, is the 85th richest man in India, according to Forbes. Belonging to a family of diamond traders, the soft-spoken businessman founded a company called Firestone Diamond in 1999 — later rechristened Firestar Diamond — and quickly made a name in the business. He later set up his own jewelry design brand and won the rich and famous among his customers.

In January, he attended the economic summit in Davos, where a large Indian business delegation was present, along with Prime Minister Narendra Modi. The two are not related. 

The fraud, which went undetected for years, has reignited concerns about governance standards at Indian banks and norms that are used for lending to corporate customers. Questions have been raised as to why audits failed to detect the fraud for years.

It came to light weeks after the government announced a $14 billion bailout for state banks. These banks, which account for about two-thirds of all bank assets in the country, are the backbone of the financial system, but are saddled with bad debt estimated at $147 billion.

Economists have warned that this mountain of bad loans threatens India’s efforts to accelerate its economy as it slows down efforts by banks to lend to potential investors.

Belgian Court Orders Facebook to Stop Collecting Data

Belgian media say a Brussels court has ordered Facebook to stop collecting data about citizens in the country or face fines for every day it fails to comply.

The daily De Standaard reported Friday that the court upheld a Belgian privacy commission finding that Facebook is collecting data without users’ consent.

It said the court concluded that Facebook does not adequately inform users that it is collecting information, what kind of details it keeps and for how long, or what it does with the data.

It has ruled that Facebook must stop tracking and registering internet usage by Belgians online and destroy any data it has obtained illegally or face fines of 250,000 euros ($311,500) every day it delays.

Spacewalking Astronauts Finishing Months of Robot Arm Repair

Spacewalking astronauts stepped out Friday to wrap up months of repair work on the International Space Station’s big robot arm.

NASA astronaut Mark Vande Hei and Japan’s Norishige Kanai emerged from the orbiting complex as the sun rose over Peru’s western coast, 250 miles below.

The 58-foot robot arm had both of its aging mechanical hands replaced on spacewalks conducted in October and January. Friday’s work involved bringing one of those old hands inside so it can be returned to Earth for a tuneup and then flown back up, and moving the other gripper to a long-term storage location outside.

This last spacewalk in the series should have been completed by now, but was postponed because of complications with the robotic hand that was installed last month. Further delays were caused by this week’s late arrival of a Russian supply ship.

It was the first spacewalk for Kanai, a surgeon and former diving medical officer who arrived at the space station in December. For Vande Hei, it was spacewalk No. 4. He returns to Earth at the end of the month.

Four other men currently live at the space station.

When Will Robots Work Alongside Humans?

Most analysts and economists agree, robots are slowly replacing humans in many jobs. They weld and paint car bodies, sort merchandise in warehouses, explore underground pipes and inspect suspicious packages. Yet we still do not see robots as domestic help, except for robotic vacuum cleaners. Robotics experts say there is another barrier that robots need to cross in order to work alongside humans. VOA’s George Putic reports.

Mexico, US Express Cautious Optimism on NAFTA Deal

Top U.S. and Mexican officials on Thursday expressed cautious optimism that the North American Free Trade Agreement will be renegotiated, speaking ahead of the next round of trade talks later this month.

Asked on local television whether it was more likely the $1.2 trillion trilateral trade pact would survive or die, Mexico’s Foreign Minister Luis Videgaray said there was cause for optimism, though Mexico should be prepared for all eventualities.

“We should be prepared for a future with or without NAFTA,” he said.

In Washington, U.S. Treasury Secretary Steven Mnuchin said it was a priority for the Trump administration to renegotiate NAFTA, declining to speculate on the consequences if the United States withdraws from talks.

The seventh round of negotiations in Mexico City will take place Feb. 25 to March 5, starting and ending a day earlier than initially planned.

There is a “window of opportunity” for concluding the talks in March or April, said Moises Kalach, head of the international negotiating arm of Mexico’s CCE business lobby.

“That’s the objective,” Kalach told reporters.

Talks to renegotiate the 1994 pact have stalled as Canada and Mexico are at loggerheads with the United States over some of the most contentious proposals its negotiators have put on the table.

“I am cautiously hopeful that [U.S. Trade Representative] Ambassador Lighthizer will be renegotiating this deal,” Mnuchin told the House Ways and Means Committee, which has jurisdiction over trade matters in the U.S. Congress.

“It is a major priority of ours,” he added U.S. President Donald Trump has called NAFTA one of the worst deals in history, blaming it for U.S. manufacturing job losses, and has threatened to quit the agreement unless he can rework it to better suit U.S. interests. His remarks have unsettled financial markets.

At the last round in Montreal, Canada made several proposals to address the U.S. insistence on raising the North American content of autos. Washington also wants a clause that would allow any member to withdraw after five years.

The early March deadline for concluding talks has been extended to at least early April, officials have said. But participants have conceded privately it could take months longer.

If talks run past Mexico’s July presidential election, Mexico’s private sector will work with the president-elect to update NAFTA, Kalach said.

The current frontrunner, leftist contender Andres Manuel Lopez Obrador, has said Mexico should suspend talks until after the election.

White House Blames Russia for ‘NotPetya’ Cyber Attack

The White House on Thursday blamed Russia for the devastating “NotPetya” cyber attack last year, joining the British government in condemning

Moscow for unleashing a virus that crippled parts of Ukraine’s infrastructure and damaged computers in countries across the globe.

The attack in June of 2017 “spread worldwide, causing billions of dollars in damage across Europe, Asia and the Americas,” White House Press Secretary Sarah Sanders said in a statement.

“It was part of the Kremlin’s ongoing effort to destabilize Ukraine and demonstrates ever more clearly Russia’s involvement in the ongoing conflict,” Sanders added. “This was also a reckless and indiscriminate cyber attack that will be met with international consequences.”

The U.S. government is “reviewing a range of options,” a senior White House official said when asked about the consequences for Russia’s actions.

Earlier on Thursday, Russia denied an accusation by the British government that it was behind the attack, saying it was part of a “Russophobic” campaign that it said was being waged by some Western countries.

The so-called NotPetya attack in June started in Ukraine where it crippled government and business computers before spreading around Europe and the world, halting operations atports, factories and offices.

Britain’s foreign ministry said in a statement released earlier in the day that the attack originated from the Russian military.

“The decision to publicly attribute this incident underlines the fact that the UK and its allies will not tolerate malicious cyber activity,” the ministry said in a statement.

“The attack masqueraded as a criminal enterprise but its purpose was principally to disrupt,” it said.

“Primary targets were Ukrainian financial, energy and government sectors. Its indiscriminate design caused it to spread further, affecting other European and Russian business.”

WHO: Alarming Spike in Unneeded Medical Interventions for Healthy Pregnant Women

The World Health Organization (WHO) warns healthy pregnant women are undergoing unnecessary medical interventions at an alarming rate. Given the trend, WHO is launching new recommendations aimed at reducing potentially harmful interventions.

The organization reports most of the estimated 140 million annual births occur without complications. Yet, it says over the past 20 years there has been a significant rise in medical interventions previously used to avoid risks. These include oxytocin infusion to speed up labor and caesarean sections.

WHO says health providers tend to intervene medically when the rate of labor appears to be slower than what is considered normal. This is based on a long-held benchmark for cervical dilation to occur at a rate of one centimeter per hour.

Olufemi Oladapo, a medical officer in WHO’s department of Reproductive Health and Research, says every labor and childbirth is unique, and it is perfectly normal for some women to be slower than the prescribed rate of cervical dilation.

He says WHO has set another boundary for cervical dilation of up to five centimeters per hour during the first stage of labor until the woman is ready to push out the baby.

“It should not be longer than 12 hours in first-time mothers. And it should not be longer than 10 hours in subsequent labors…. So, as long as a woman is making some progress within that time frame, and the condition of the mother as well as the baby are reassuring, then there should be no reason for intervening,” Oladapo said.  

WHO warns unnecessary labor and potentially harmful routine medical interventions are rampant in all parts of the world – in poor and rich countries alike. WHO’s new guidelines include 56 evidence-based recommendations on best care for mother and baby during labor and immediately after.

These include permitting a woman to have a companion of choice present during labor and childbirth; ensuring good communication between women and health providers; and allowing women to make decisions about their pain management, labor and birth positions.

 

EU Not Happy With Facebook, Twitter Consumer Rule Remedies

The European Commission says social media giants Facebook and Twitter have only partially responded to its demands to bring their practices into line with EU consumer law.

 

The Commission asked the two companies a year ago to change their terms of service following complaints from people targeted by fraud or scams on social media websites.

 

The EU’s executive arm said Thursday that the firms only partly addressed “issues about their liability and about how users are informed of possible content removal or contract termination.”

 

It said changes proposed by Google+ appear to be in line with demands.

 

Europe’s consumer affairs commissioner, Vera Jourova, said “it is unacceptable that this is still not complete and it is taking so much time.” She called for those flouting consumer rules to face sanctions.

 

Airbus Expects Strong Growth, Looks Past Plane Troubles

Shares in European plane maker Airbus flew higher on Thursday after the company reported improved earnings and was more upbeat about the future following problems to several of its key aircraft programs.

 

The company said that it surged to a net profit of 1 billion euros ($1.25 billion) in the fourth quarter, from a loss of 816 million euros a year earlier, while revenue was stable around 23.8 billion euros. Airbus delivered a record 718 aircraft last year and expects that figure to rise further in 2018, to 800.

 

CEO Tom Enders credited “very good operational performance, especially in the last quarter.”

 

Shares in the company jumped about 10 percent on Thursday in Paris. Investors seem optimistic that the company is putting behind it the worst of its troubles with three airplane production programs.

Airbus, which is based in Toulouse, France, said it took another charge of 1.3 billion euros on its A400 military plane, which has had cost overruns for years. It said, however, that it had reached a deal with the governments that are buying the planes on a new delivery schedule that should rein in any new charges on the program.

 

The company also acknowledged that it had had more struggles with engines supplied by Pratt & Whitney for the A320neo, a narrow-body plane that’s popular with regional airlines. The supplier had had problems with the engines last year, which it fixed, but reported a new issue more recently that could affect 2018 deliveries, Airbus said.

 

Another of Airbus’ troubled plane models, the A380 superjumbo jet, now has a more stable outlook after the company reached a deal with Emirates airline that will cover the cost of production for years.

 

The various problems with these production programs risked overshadowing what was otherwise a strong year for Airbus in terms of earnings, as global demand for commercial aircraft grows. Airbus raised its dividend by 11 percent and said it expects one of its key earnings metrics — earnings before interest and tax — to rise 20 percent in 2018.

 

 

 

Pay-As-You-Go Service Offers Smartphone Access to the Cash-Strapped

Until recently, Javier, a 60-year-old line cook, couldn’t afford a smartphone.

Now, thanks to a Silicon Valley company, Javier has a Galaxy S8, one of Samsung’s high-end smartphones. Javier said he relies on it for everything.

Once a month, he walks into a mobile phone store near San Francisco and makes a cash payment. If he didn’t, the phone would be remotely locked. No YouTube, no Skype calls, no Facebook. He has never missed a payment.

 

WATCH: Pay-As-You-Go Smartphone Gives the Poor Access to Better Technology

Smartphones out of many people’s reach

Around the world, people rely more and more on their smartphones for connecting to the internet, and yet for many, the device is still cost prohibitive. For the roughly 1 in 10 American consumers without financial identities — no banking history or credit scores — it is difficult to get smartphones on one of the low-cost payment plans offered by the major carriers.

Javier, who declined to give his last name because he is an undocumented immigrant, is on his third phone from PayJoy, a company founded by former Google employees. PayJoy offers a pay-as-you-go model for the smartphone market aimed particularly at customers with little or bad credit histories.

“We work with immigrants from all over the world coming to the U.S., and we work with Americans who are just outside the financial system,” said Doug Ricket, PayJoy’s chief executive, who worked in the pay-as-you-go solar industry in Africa. “They can afford $10 a week, and they can get a great smartphone. And for PayJoy, we say, ‘Welcome to the 21st century and get all the modern apps.’”

A new way to figure out a person’s credit risk

PayJoy figures out a person’s risk differently than most companies. A customer provides a Facebook profile, a phone number and some sort of official government ID. PayJoy decides the person’s risk level before offering him or her credit for a phone. Then, a customer picks a payment plan and makes a down payment. PayJoy’s research has found that a Facebook profile can be useful in establishing a person’s identity.

“We’re starting from this pool of people who have no traditional credit score and we’re saying for most of them, we can actually find something that the credit agencies are not finding,” Ricket said.

No payment means no YouTube

If a customer doesn’t pay by 5 p.m. the day payment is due, PayJoy remotely locks the phone. A customer can only make emergency calls or call PayJoy’s customer service. The customer can see that friends are texting or messaging on Facebook, but cannot open the phone to read the messages.

“Now, when we look internationally, we see more people going from a flip phone to smartphones, and people upgrading from a really basic level to one that can handle Facebook, maps and Instagram,” Ricket said.

If customers stop paying, they can return the phone without penalty. But if they do pay off the phone, they can qualify for an even better one. PayJoy makes its money by charging monthly interest — as high as 50 percent in some cases — on the retail price of the phone.

Expanding into Africa, Asia and India

The company is operating in the United States and Mexico and has plans to expand into Kenya, Tanzania, southeast Asia and India. So far, PayJoy offers only smartphones running Android, the operating system created by Google, but Ricket hopes to offer iPhones one day.

PayJoy’s vision is to be not just a smartphone firm, but a financing company, offering customers a way to use their phones as collateral to pay off televisions and other household goods.

“Once the customer gets the smartphone, they can potentially use that smartphone either by buying the smartphone with PayJoy or just collateralize an existing smartphone to finance a TV or a sofa,” Ricket said.

If PayJoy takes off, people in emerging markets may be able to upgrade their phone choices, and have a new way to finance their purchases.

Amid Booming Sales, SUVs Take Center Stage at Chicago Auto Show

A key to any successful business is to provide customers with what they want. For automakers at the 2018 Chicago Auto Show, they say their customers want sport utility vehicles, or SUVs.

“2017 was a record year for Ford SUV sales,” said Dan Jones, Ford’s SUV communications manager for North America. “We sold almost 800,000 SUVs in the year alone. We are actually growing our SUV portfolio 25 percent in the last four years. So, all the signs are there that the Ford SUV portfolio is really booming, and we’re going to capitalize and ride that wave.”

Ford isn’t alone.

“Trucks, SUVs and crossovers — we have grown 15 percent,” said Tiago Castro, Nissan’s director of trucks and commercial vehicles.

His company’s Rogue SUV promotional tie-in with Disney’s Star Wars film franchise comes at a time when the model, with versions equipped with some self-driving features, is one of Nissan’s best-selling vehicles overall.

“Over 400,000 units last year for the Rogue lineup,” Castro said.

High gas prices and poor fuel economy contributed to the dramatic decline of SUV sales in the United States in the mid-2000s. At the time, those customers buying new vehicles opted for smaller, more fuel-efficient sedans, including vehicles with new electric motors and technology.

But today, SUVs dominate the American automobile market, which is easy to see on the floor of the 2018 Chicago Auto Show, billed as the nation’s largest auto show.

“The SUV segment is incredibly hot,” said Trevor Dorchies, product manager for Jeep and Dodge, two brands under the Chrysler/Fiat company with a variety of options in the medium and large-size SUV ranges — which weren’t just on display at the Chicago Auto Show. Potential customers have an opportunity to ride in them on an indoor obstacle course that demonstrates their performance in challenging terrain.

“I think gas prices, where they are at right now, have helped Jeep and Grand Cherokee and Durango sales,” Dorchies said. Gas prices in many parts of the United States remain below $3 a gallon (79 U.S. cents per liter). 

“Cheap gasoline means folks want to get a bigger SUV,” he said.

But aside from affordable fuel prices, today’s offerings are a far cry from the gas-guzzling SUVs of the past.

“One thing that has really changed in the last few years is the competitiveness of fuel economy of SUVs compared to cars,” explained Ford’s Jones. “So, people aren’t seeing a huge warp now, in terms of MPG improvement or a range improvement in a car to an SUV. It’s less of a compromise. So, people are liking the high seating position, more space, the utility to go off road.”

Overall, sedan sales are down in the U.S. by more than 30 percent for some manufacturers as customers flock to SUVs.

But Jones said evolving needs and taste factor as much for customers as gas prices.

“The millennials, the biggest cohort of consumers, were coming to the age where they were having children, starting to have a little more money, wanting to have a higher seating position, preferring all-wheel drive. So, SUVs have really just taken off.”

Jones said he doesn’t see the SUV trend cooling off for Ford either.

“We think 2018 should be another record year for us,” he said.

While automakers retool and shift production lines to keep up with increased SUV demand, the National Automobile Dealers Association predicts overall new vehicle sales for 2018 will trend slightly downward.

Amid Record Sales, SUV’s Take Center Stage at Chicago Auto Show

High gas prices and poor fuel economy led to the decline of sport utility vehicle sales in the United States in the mid-2000s, a time when customers preferred smaller, more affordable cars, some with new electric motor technology. But now, SUV’s have made a comeback, as VOA’s Kane Farabaugh reports on the floor of the Nation’s Largest Auto Show in Chicago.

First Blood Test to Help Diagnose Brain Injuries Gets US OK

The first blood test to help doctors diagnose traumatic brain injuries has won U.S. government approval.

The move means Banyan Biomarkers can commercialize its test, giving the company an early lead in the biotech industry’s race to find a way to diagnose concussions.

The test doesn’t detect concussions and the approval won’t immediately change how patients with suspected concussions or other brain trauma are treated. But Wednesday’s green light by the Food and Drug Administration “is a big deal because then it opens the door and accelerates technology,” said Michael McCrea, a brain injury expert at Medical College of Wisconsin.

The test detects two proteins present in brain cells that can leak into the bloodstream following a blow to the head. Banyan’s research shows the test can detect them up within 12 hours of injury. It’s designed to help doctors quickly determine which patients with suspected concussions may have brain bleeding or other brain injury.

Patients with a positive test would need a CT scan to confirm the results and determine if surgery or other treatment is needed. The test will first be used in emergency rooms, possibly as soon as later this year, but Banyan’s hope is that it will eventually be used on battlefields and football fields.

FDA Commissioner Dr. Scott Gottlieb said the test fits with the agency’s goals for delivering new technologies to patients and reducing unnecessary radiation exposure.

The test “sets the stage for a more modernized standard of care for testing of suspected cases,” Gottlieb said in a statement.

Traumatic brain injuries affect an estimated 10 million people globally each year; at least 2 million of them are treated in U.S. emergency rooms. They often get CT scans to detect bleeding or other abnormalities. The scans expose patients to radiation, but in many patients with mild brain injuries including concussions, abnormalities don’t show up on these imaging tests.

With Department of Defense funding, Banyan’s research shows its Brain Trauma Indicator can accurately pick up brain trauma later found on CT scans. It also shows that absence of the two proteins in the test is a good indication that CT scans will be normal. That means patients with negative blood tests can avoid CT scans and unnecessary radiation exposure, said Dr. Jeffrey Bazarian, a University of Rochester emergency medicine professor involved in Banyan’s research.

Bazarian called the test “a huge step” toward devising a blood test that can detect brain injuries including concussions.

Dr. Walter Koroshetz, director of the National Institute of Neurological Disorders and Stroke, and other brain injury experts say the test isn’t sensitive enough to rule out concussions.

“This may be a beginning. It’s not the pot of gold at the end of the rainbow,” Koroshetz said.

That prize would be a test that could detect and guide treatment for concussions and traumatic brain injuries, similar to a blood test that hospitals commonly use to evaluate suspected heart attacks, Koroshetz said.

“That’s what we’d like to have for the brain,” he said.

San Diego-based Banyan has partnered with French firm bioMerieux SA to market the test to hospitals using that company’s’ blood analyzing machines.

Other companies are developing similar blood tests to detect brain injuries. Abbott has licensed both protein biomarkers from Banyan and is developing its own blood tests. BioDirection is developing a test involving one of the proteins in Banyan’s test plus another one and using a portable device that can yield results from a single drop of blood in less than two minutes.

Quanterix is also working to develop a blood test to diagnose concussions and other brain injuries. It has licensed the use of both proteins in Banyan’s test to be used with its own technology.

Flu-stricken Texas Teacher’s Death Puts Focus on Antivirals

A Texas elementary school teacher who died almost a week after getting sick from the flu became a talking point online after her husband said she didn’t immediately fill her prescription for an antiviral drug after deeming the $116 insurance co-pay too high.

While her husband told the Wall Street Journal that he picked up the prescription the day after she refused it and she then started taking the medication, Heather Holland, 38, died three days later on Feb. 4. 

Doctors told The Associated Press that while it’s ideal to start taking antiviral medication as quickly as possible, it’s no guarantee that one’s condition will not drastically worsen.

Antivirals make it “not zero, but less likely” that complications will develop, said Dr. William Schaffner, infectious diseases specialist at the Vanderbilt University Medical Center in Nashville, Tennessee, who added, “antivirals are not a magic potion.”

Frank Holland of Willow Park, just west of Fort Worth, told the newspaper that his wife, a second-grade teacher, came home feeling a bit sick Jan. 29. The mother of two went to work in nearby Weatherford on Jan. 30 but by evening had a fever. 

She went to the doctor on Jan. 31. Frank Holland said a rapid flu test was positive for influenza B. The doctor wrote her a prescription for oseltamivir phosphate, a generic form of the antiviral medication Tamiflu.

Frank Holland told the Wall Street Journal that they had the money, but she was frugal and didn’t want to fill it. 

She went to a Fort Worth hospital on Feb. 2. The following day, blood tests showed she had sepsis, a complication of infections, he said.

Antiviral drugs – when taken within 48 hours after becoming sick – can lessen symptoms, shorten the time one is sick by about one day and reduce complications. 

“There are people who are going to do very well, regardless of getting Tamiflu or not. There are people that are going to do very poorly, regardless of getting Tamiflu or not. And then there’s kind of the middle segment of the population where Tamiflu really may push them to the right outcome,” said Dr. Luis Ostrosky, an infectious disease expert with McGovern Medical School at UTHealth and Memorial Hermann-Texas Medical Center in Houston.

Dr. Trish Perl, chief of infectious diseases at UT Southwestern Medical Center in Dallas, said that “in some cases it may be useful” to give patients an antiviral even after the 48-hour onset. 

The Centers for Disease Control and Prevention said the flu shot is the best way to prevent seasonal flu. Frank Holland said he couldn’t remember whether she got a flu shot this season. Generally, he said, they’ve both been “pretty healthy.”

Study: Partial Dose of Yellow Fever Vaccine Provides Protection

When stockpiles of yellow fever vaccine run low, partial doses are effective, according to a new study.

The report on the vaccine, which currently is in short supply, comes as officials in Brazil attempt to contain an outbreak with what they describe as the largest-ever mass vaccination campaign using partial doses.

Yellow fever is a mosquito-borne viral disease found in tropical Africa and South and Central America. Severe cases can cause jaundice and death, but most cases involve fever, muscle pain and vomiting.

Congo outbreak, experiment

During a major outbreak in the Democratic Republic of the Congo in 2016, the government aimed to prevent the disease from spreading in the capital, Kinshasa. Health officials launched a mass vaccination campaign targeting 7.6 million people.

But the outbreak had depleted vaccine stockpiles. Hoping to stretch the available supply, the World Health Organization reviewed the small number of available studies on using reduced doses and recommended using one-fifth of a dose per person.

It seemed to work.

Researchers took blood samples from more than 700 people before and after they received the partial dose. In the new study, published in the New England Journal of Medicine, nearly all of those vaccinated with the lower dose developed enough antibodies to the virus to prevent infection.

“That was the encouraging thing, that this can be done as a potential way — when there’s supply limitations on the vaccine — to help potentially control an outbreak,” said study co-author Erin Staples at the U.S. Centers for Disease Control and Prevention.

Hundreds infected

More than 350 people have become infected with yellow fever in Brazil since late last year, and health officials have launched a campaign targeting nearly 24 million people with a one-fifth dose of the vaccine.

Staples says the new study is good news for controlling outbreaks like Brazil’s in the short term. But, she notes, “We still need some information about how long immunity will last.”

A full dose of yellow fever vaccine provides lifelong immunity. Researchers will continue to study how long people who received partial doses are protected.

Uber’s Net Loss Widens to $4.5B for Tumultuous 2017

Ride-hailing giant Uber’s full-year net loss widened to $4.5 billion in 2017 as the company endured a tumultuous year that included multiple scandals, a lawsuit alleging the theft of trade secrets and the replacement of its CEO.

The results also showed that Uber cut its fourth-quarter net loss by 25 percent from the third quarter as new CEO Dara Khosrowshahi moves to make the company profitable ahead of a planned initial public stock offering sometime next year.

The full-year loss grew from $2.8 billion in 2016, a year with results skewed by a gain from the sale of Uber’s unprofitable business in China. Uber also said its U.S. ride-hailing market share fell from 82 percent at the start of last year to 70 percent in the fourth quarter. Uber said the share has now stabilized.

Gross revenue for the year rose 85 percent over 2016, to $37 billion.

For the fourth quarter, Uber’s net loss was $1.1 billion, down from $1.46 billion it lost in the third quarter. Bookings from fares rose 14 percent to just over $11 billion for the quarter.

While the losses are significant, the results still are positive for Uber with revenue rising and losses falling in three of four quarters in 2017, said Rohit Kulkarni, managing director of SharesPost, a research group focused on privately held companies.

The numbers show that Uber under Khosrowshahi is on a path toward profitability and a sustainable economic model, Kulkarni said. “If you draw that out further, a year from now, this could be a significant IPO waiting to happen,” he said.

Uber considers adjusted earnings before taxes as a better indicator of its financial performance rather than net earnings based on Generally Accepted Accounting Principles, which include losses for accounting purposes. On an adjusted basis, excluding stock-based compensation, legal costs, taxes and depreciation, the company lost $2.2 billion for the full year. The fourth-quarter adjusted loss was $475 million, down from $606 million to in the third quarter.

San Francisco-based Uber Technologies Inc.’s results are difficult to report because only pieces are released. Khosrowshahi detailed them on a conference call with investors Tuesday, and the company made some results public by giving them to a website called The Information.

A person briefed on the results provided some numbers and confirmed the accuracy of The Information’s story to The Associated Press on Wednesday. The person didn’t want to be identified because Uber remains a private company.

Last year was a particularly bad one for Uber with its reputation tarnished by the company’s acknowledgement of rampant sexual harassment within its ranks, a yearlong cover-up of a major computer break-in, and the use of duplicitous software to thwart government regulators.

CEO Travis Kalanick was ousted in June and replaced by Khosrowshahi in August.

Earlier this month Uber ended the autonomous vehicle trade secrets lawsuit filed by Alphabet Inc.’s Waymo for a payment of Uber stock valued by Waymo at $245 million.

How Best to Treat Opioids’ Youngest Sufferers? No One knows

Two babies, born 15 months apart to the same young woman overcoming opioid addiction. Two very different treatments.

 

Sarah Sherbert’s first child was whisked away to a hospital special-care nursery for two weeks of treatment for withdrawal from doctor-prescribed methadone that her mother continued to use during her pregnancy. Nurses hesitated to let Sherbert hold the girl and hovered nervously when she visited to breast-feed.

 

Born just 15 months later and 30 miles away at a different South Carolina hospital, Sherbert’s second child was started on medicine even before he showed any withdrawal symptoms and she was allowed to keep him in her room to encourage breast-feeding and bonding. His hospital stay was just a week.

 

“It was like night and day,” Sherbert said.

 

The different approaches highlight a sobering fact: The surge has outpaced the science, and no one knows the best way to treat the opioid epidemic’s youngest patients.

 

Trying to cope with the rising numbers of affected infants, hospitals around the United States are taking a scattershot approach to treating the tremors, hard-to-soothe crying, diarrhea and other hallmark symptoms of newborn abstinence syndrome.

 

“It’s a national problem,” said Dr. Lori Devlin, a University of Louisville newborn specialist. “There’s no gold-standard treatment.”

 

With help from $1 million in National Institutes of Health funding, researchers are seeking to change that by identifying the practices that could lead to a national standard for evidence-based treatment. A rigorous multi-center study comparing treatments and outcomes in hard-hit areas could start by the end of this year, said Dr. Matthew Gillman, who is helping lead the effort.

 

“When there’s so much variability in practice, not everyone can be doing the very best thing,” Gillman said.

 

Once the umbilical cord is cut, babies born to opioid users are at risk for developing withdrawal symptoms. By some estimates, one infant is born with the condition in the U.S. every 25 minutes. The numbers have tripled since 2008 at a rate that has solid medical research comparing treatments and outcomes struggling to keep pace.

 

Not all opioid-exposed babies develop the syndrome, but drug use late in a pregnancy increases the chances and can cause dependence in fetuses and newborns. These infants are not born with addiction, which experts consider a disease involving compulsive, harmful drug-seeking behavior. But the sudden withdrawal of opioids from their mothers may cause increased production of neurotransmitters, which can disrupt the nervous system and overstimulate bodily functions. Symptoms can last for months.

 

The condition can result from a mother’s use of illicit drugs, but it also can stem from mothers being prescribed methadone or other anti-addiction medicine. Doctors believe the benefits of that treatment for the mothers outweigh any risks to their infants.

 

The Centers for Disease Control and Prevention doesn’t routinely track the condition, but the agency’s most recent data — from 2014 — indicates that the syndrome affects nearly 11 in every 1,000 U.S. births. The CDC said it is working with the March of Dimes and several states to get a better picture of the number of affected infants and how they fare developmentally and academically into childhood.

 

Some studies have suggested possible increased risks for developmental delays and behavior problems, but no research has been able to determine if that’s due to mothers’ drug use during pregnancy, infants’ treatment after birth or something completely unrelated. And there’s no definitive evidence that these children fare worse than unexposed youngsters.

 

“It’s very, very frustrating” not knowing those answers, Devlin said. “It’s such a difficult population to go back and do research on. They’re people who often don’t trust the system, often people who have had lots of trauma in their lives.”

 

Treatment aims to reduce or even prevent symptoms. Some hospitals use morphine drops, while others use methadone and sometimes sedatives. Some send the babies straight to newborn intensive care units and some focus on comfort care from moms, allowing them to room-in with their infants. A recently published Dartmouth-Hitchcock Medical Center analysis linked rooming-in with less medication use and shorter hospital stays for infants, but it can be difficult if mothers are still in the throes of addiction.

 

A Florida hospital is even testing tiny acupuncture needles on affected infants.

 

Many hospitals use a 40-year-old scoring system to measure 21 symptoms and frame diagnosis and treatment length, but some have created their own scales.

 

The Government Accountability Office’s health care team has called for federal action to address the issue, saying the current recommendations from the U.S. Health and Human Services Department amount to a half-baked strategy lacking priorities and a timeline for implementation.

 

The department’s recommendations include education for doctors and nurses to teach them how to manage affected infants, along with an emphasis on non-drug treatment.

 

Katherine Iritani, director of the GAO’s health care team, said government officials have since indicated that they are convening experts to develop and finalize a plan by March 15.

 

“We’ll review it and make sure it’s responsive to our recommendations,” she said.

 

A separate GAO report released last week recommended beefed-up government guidance to help states implement programs that ensure safe care for opioid-affected infants and treatment for parents still struggling with drug use.

 

Medicaid pays for more than 80 percent of costs for treating affected babies, totaling about $1 billion in 2012, the GAO has found.

 

At Greenville Memorial Hospital, where Sarah Sherbert’s son was delivered two years ago, babies born to methadone users are given that drug before symptoms start and are sent home with a supply to continue treatment.

 

Clemson University research has showed that approach could reduce hospital stays by nearly half, to an average of eight days costing $11,000 compared with the state average of 15 days at a cost of $45,000.

 

“The baby has already been exposed to methadone for nine months so adding four to five weeks and making weaning gentle instead of quitting cold turkey we think won’t have any additional effect on babies’ brain development,” said Dr. Jennifer Hudson, who developed the treatment approach.

 

Sherbert, 31, said her drug use began eight years ago after she was prescribed opioid painkillers for injuries from a car accident. She was on methadone prescribed by her doctor when her daughter, now 3, was born.

 

She later lost custody after relapsing and her parents are caring for the children. Sherbert said she has been sober for a year and recently was promoted to supervisor at her job. She said she’s determined to get them back.

 

“I’ve worked so hard and come such a long way,” she said. “Seeing their little faces — that’s worth every bit of it.”

 

 

 

Fries, Not Flowers: Fast-Food Chains Try to Lure Valentines

Is that love in the air or french fries? White Castle, KFC and other fast-food restaurants are trying to lure sweethearts for Valentine’s Day.

It’s an attempt to capture a bit of the $3.7 billion that the National Retail Federation expects Americans to spend on a night out for the holiday. Restaurant analyst John Gordon at Pacific Management Consulting Group says it appeals to people who don’t want to splurge on a pricier restaurant. And some customers enjoy it ironically.

White Castle, which has been offering Valentine’s Day reservations for nearly 30 years, expects to surpass the 28,000 people it served last year. Diners at the chain known for its sliders get tableside service and can sip on its limited chocolate and strawberry smoothie. KFC is handing out scratch-and-sniff Valentine’s Day cards that give off a fried chicken aroma to diners who buy its $10 Chicken Share meals or a bucket full of Popcorn Nuggets.

Panera Bread wants couples to get engaged at its cafes; those who do can win food for their weddings from the soup and bread chain. And Wingstop sold out of its $25 Valentine’s Day kit, which came with a gift card and a heart-shaped box to fill with chicken wings. The company says 1,000 of the kits were gone in 72 hours.

US Inflation Increases Most in a Year

The U.S. on Wednesday reported its biggest increase in consumer prices in a year, pushing stocks lower in early trading.

The consumer price index, which follows the costs of household goods and services, advanced by a half percentage point in January, up from two-tenths of a point in December.

The January increase pushed the year-over-year inflation rate up by 2.1 percent. It was the same 12-month rate recorded in December, increasing fears among investors that firming inflation, along with increasing wages paid to American workers, could lead policymakers at the country’s central bank, the Federal Reserve, to boost interest rates at a faster pace.

The Labor Department said consumer prices, minus the volatile changes in food and energy costs, rose three-tenths of a percentage point in January, the largest increase since January 2017. Analysts had been expecting an increase of 0.2 percent.

Stock indexes were lower at the start of Wednesday, with the key Dow Jones industrial average falling about a third of a percentage point after a string of recent days with massive swings between losses and gains.

‘Can You Dig It?’ Africa Reality Show Draws Youth to Farming

As a student, Leah Wangari imagined a glamorous life as a globe-trotting flight attendant, not toiling in dirt and manure.

 

Born and raised in Kenya’s skyscraper-filled capital, Nairobi, the 28-year-old said farming had been the last thing on her mind. The decision to drop agriculture classes haunted her later, when her efforts in agribusiness investing while running a fashion venture failed.

 

Clueless, she made her way to an unusual new reality TV show, the first of its kind in Africa. “Don’t Lose the Plot,” backed by the U.S. government, trains contestants from Kenya and neighboring Tanzania and gives them plots to cultivate, with a $10,000 prize for the most productive. The goal: Prove to young people that agriculture can be fun and profitable.

 

“Being in reality TV was like the best feeling ever, like a dream come true for me,” Wangari said. But she found it exhausting. As callouses built up on her hands, her friends made bets that she wouldn’t succeed.

 

“Don’t Lose the Plot” is aimed at inspiring youth in East Africa to pursue agribusiness entrepreneurship. Producers said the show wants to demystify the barriers to starting a small business and challenge the prejudices against farming-related careers, even as many youths flee rural areas for urban ones.

“What we hope to achieve … is first to show people that you can make money out of farming, to change the age profile of farmers in Africa from 60 to the youth. And the next thing we want to do is to show farmers, young farmers, that they can use their mobile and technology in order to farm and achieve their goals,” producer Patricia Gichinga said. The show also offers training via online platforms and text message.

 

Attracting people to agriculture is no small challenge in Africa, where a booming young population is often put off by the image of punishing work and poor, weather-beaten farmers.

 

“Most young Africans think of farming as back-breaking labor that pays peanuts,” former Nigerian President Olusegun Obasanjo, the committee chair for the $100,000 annual Africa Food Prize and a farmer himself, wrote in the New African magazine last year. “This view, though largely inaccurate, is to some extent understandable.”

 

If Africa’s youth, who make up about 65 percent of the population, don’t venture into agribusiness, “then there is little chance that agriculture will have a transformative impact on the continent’s fortunes,” Obasanjo wrote.

 

Most experts agree that farming growth can boost African economies by increasing trade, creating more jobs and improving food self-sufficiency on a continent with the highest occurrence of food insecurity in the world.

 

But much of the potential remains untapped. Africa has over 60 percent of the world’s fertile but uncultivated land while importing $35 billion to $50 billion in food per year, the Alliance for the Green Revolution in Africa says . Weak or corrupt land governance is a challenge, as well as conflict.

 

Yields for major crops remain low compared to other regions of the world. Change must come by empowering the smallholder farmers who produce 80 percent of the food consumed on the continent, the organization says.

Now Wangari is one of them. After placing second in “Don’t Lose the Plot,” she became a full-time mushroom farmer.

 

In a damp structure of mud and clay on the outskirts of Nairobi, she has harvested her first crop and is preparing for her second. She had expected to make a $2,500 profit but took in $1,000 instead after mites from a nearby chicken house invaded and lowered her yield.

 

“When I see young men in the village now sitting idle I feel disappointed because there is a lot of idle land and they can use it to make ends meet,” she said. “They don’t require a lot of capital but they don’t have the information.”