adplus-dvertising
Connect with us

Business

Inmates at high risk, should be given priority for coronavirus vaccine, advocates say – CP24 Toronto's Breaking News

Published

 on


Laren Krugel, The Canadian Press


Published Thursday, December 24, 2020 8:28AM EST

Advocates say inmates should have speedy access to the COVID-19 vaccine, given how susceptible prisons and jails have been to outbreaks and how prevalent chronic disease is in that population.

“I don’t think they should go to the front of the line, but I certainly don’t think they should be denied their rightful place in the priority line simply because they’re prisoners,” said Catherine Latimer, executive director of the John Howard Society of Canada.

The Correctional Service of Canada said that, as of Monday, there were a total of 201 active COVID-19 cases in federal prisons. The bulk were at Joyceville Institution near Kingston, Ont., Stony Mountain Institution near Winnipeg and the Saskatchewan Penitentiary near Prince Albert.

There have also been several outbreaks in provincially run jails.

Martha Paynter, a registered nurse in Halifax who provides reproductive care to inmates, said hygiene and ventilation in correctional institutions are issues at the best of times.

There is also high turnover in remand centres and staff are constantly coming and going, she added.

Inmates are “living in this incredibly restrictive experience, but also facing very grave risk of illness transmission,” said Paynter, a doctoral candidate at Dalhousie University.

Inmates 50 and older account for one-quarter of the federal prison population. Advocates note people age faster behind bars and are in poorer health than the general public.

“Of course this population should have very quick access to the vaccines,” said Paynter, who added that some might not trust the shots due to bad experiences with health care behind bars.

She said the bigger issue is why there are so many people incarcerated in the first place.

“What are we choosing to police? What are we choosing to criminalize?”

Anita Ho, associate professor in bioethics and health services research at the University of British Columbia, noted Indigenous people are disproportionately represented in the corrections system.

“In general, health among Indigenous peoples in Canada, because of various social determinants of health, are poorer to start with,” she said.

The National Advisory Committee on Immunizations recommends adult Indigenous communities be included in Stage 1 of vaccine delivery. It recommends congregate settings, including correctional facilities, be included in Stage 2.

Priority groups such as long-term care residents and health-care workers began receiving doses earlier this month.

Dr. Joss Reimer, medical health officer for the Winnipeg Regional Health Authority, said criteria for who gets the vaccine in Manitoba in the new year will be expanded to include “correctional facilities,” but did not specify whether that would be inmates, staff or both.

Other provinces have not detailed their plans.

Ontario’s Ministry of the Solicitor General said it will be looking at the availability of doses and would carry out immunizations “based on the latest medical advice and scientific evidence.”

Saskatchewan Health Minister Paul Merriman said: “We will consider based on what the needs are at that specific time and … the amount of vaccines that we have flowing into the province.”

In Alberta, chief medical health officer Dr. Deena Hinshaw said, “We’ll have a clear ethical dimension that we need to make sure we’re considering.”

The Correctional Service of Canada was to provide comment later Thursday.

University of Toronto bioethicist Kerry Bowman said there was a consensus about who would receive the first batch of vaccines, but determining who should be next is trickier.

He said it’s not clear whether the goal of the second phase will be to boost the economy or to reach more vulnerable people.

In the United States, there has been some pushback against inmates getting dibs earlier.

“There’s no way it’s going to go to prisoners before it goes to the people who haven’t committed any crime,” Colorado Gov. Jared Polis said after the state’s vaccination rollout plan was criticized.

Bowman said that kind of argument is neither scientifically nor ethically sound.

“It’s a very dangerous precedent in any society when you start saying these lives are more valuable than those lives.”

This report by The Canadian Press was first published Dec. 24, 2020.

— With files from Fakiha Baig in Edmonton and Shawn Jeffords in Toronto

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Business

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

Published

 on

 

TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.

Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).

SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.

The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.

WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.

SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.

SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

___

Yuri Kageyama is on X:

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Trump campaign promises unlikely to harm entrepreneurship: Shopify CFO

Published

 on

 

Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.

“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.

“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”

Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.

On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.

If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.

These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.

If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.

However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.

He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.

“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.

Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.

The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.

Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.

Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.

Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.

Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”

In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:SHOP)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

RioCan cuts nearly 10 per cent staff in efficiency push as condo market slows

Published

 on

 

TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.

The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.

The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.

RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.

The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.

RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:REI.UN)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending