Covid 19 effect: Disney Parks to fire 28,000 US employees

Agencies
September 30, 2020

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Los Angeles, Sept 30: Disney Parks is letting go of 28,000 US employees due to impact of the ongoing the pandemic on Disneyland and Walt Disney World.

Two-thirds of these employees are part-time workers.

Disney Parks chairman Josh D'Amaro wrote a letter to employees, saying that this was "the only feasible option we have" due to the Covid-19 pandemic forcing the parks to limit capacity and the ongoing closure of Disneyland in Anaheim, California, reports variety.com.

He added in another statement that the state of California's "unwillingness to lift restrictions that would allow Disneyland to reopen" worsened the situation.

Disneyland has remained shut since mid-March. Walt Disney World in Orlando, which also closed in March, reopened in mid-July with safety measures as well as reduced visitor capacity.

In the letter to workers, D'Amaro said that the company would meet with affected salaried and non-union hourly employees over the next few days and will begin discussing next steps with the unions that represent those theme park workers.

About 67 percent of the cuts will impact part-time workers, affect Disney staff across executive, salaried and hourly positions.

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News Network
October 14,2020

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The social media is buzzing after the International Monetary Fund (IMF) predicted that Bangladesh will overtake India in per capita GDP for 2020.

As India's growth falls, amongst the most in the world, India is on track to fall below Bangladesh in terms of the per capita GDP. India will grow smartly next year, as per IMF.

As per the World Economic Outlook report of IMF released on Tuesday, India's per capita GDP is set to plunge by 10.5 percent to $1,877 this fiscal year ending March 31, 2021. This will make India the third poorest country in South Asia with only Pakistan and Nepal behind.

Bangladesh, Bhutan, Sri Lanka and Maldives now have more per capita GDP than India.

Bangladesh's per capita GDP in dollar terms is expected to grow 4 per cent in 2020 to $1,888, overtaking India.

Congress leader Rahul Gandhi attacked the BJP government on this count. "Solid achievement of 6 years of BJP's hate-filled cultural nationalism: Bangladesh set to overtake India".

Stock market expert and Director Enam Holdings, Manish Chokhani tweeted, "Today's special. Both our neighbours marching ahead. We wish them well and hope our achievements meet our own aspirations!".

Chokhani added a clipping of Bangladesh overtaking India and China's booming economy and stock markets. The tweet was tagged to business and stock market leaders Samir Arora, Nilesh Shah, Anand Mahindra, Harsh Goenka and Harsh Mariwala.

Till five years back, India's per capita GDP was 40 per cent higher than Bangladesh.  In the last five years, Bangladesh has grown three times the rate of India, at 9.1 per cent compared to 3.2 per cent for India, a much larger economy.

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News Network
October 7,2020

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French scientist Emmanuelle Charpentier and American Jennifer A. Doudna have won the Nobel Prize in chemistry for developing a method of genome editing known as CRISPR.

The recipients were announced Wednesday in Stockholm by Goran Hansson, Secretary General of the Royal Swedish Academy of Sciences.

The prestigious award comes with a gold medal and prize money of 10 million krona (more than $1.1 million), courtesy of a bequest left more than a century ago by the prize’s creator, Swedish inventor Alfred Nobel. The amount was increased recently to adjust for inflation.

On Monday, the Nobel Committee awarded the prize for physiology and medicine to Americans Harvey J. Alter and Charles M. Rice and British-born scientist Michael Houghton for discovering the liver-ravaging hepatitis C virus. Tuesday’s prize for physics went to Roger Penrose of Britain, Reinhard Genzel of Germany and Andrea Ghez of the United States for their breakthroughs in understanding the mysteries of cosmic black holes.

The other prizes are for outstanding work in the fields of literature, peace and economics.

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Agencies
October 8,2020

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Washington, Oct 8: The Nobel Prize for literature has been awarded to American poet Louise Gluck for her unmistakable poetic voice that with austere beauty makes individual existence universal.

The prize was announced Thursday in Stockholm by Mats Malm, the permanent secretary of the Swedish Academy.

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