Trump Proposes Slashing Domestic Spending to Historic Lows

National Health Secretary Robert F. Kennedy Jr. emphasizes that addressing the “epidemic” of chronic illness is fundamental to his vision for American health, frequently citing alarming statistics as a pressing need for reform in public health across the nation.

On Friday, President Trump proposed a budget that would nearly halve funding for the Centers for Disease Control and Prevention, completely eliminating the Chronic Disease Center, a move that left many state and city health officials in disbelief.

“Most Americans suffer from some form of chronic illness,” stated Dr. Matifha Frathschwei Davis, health director for the city of St. Louis.

Addressing the proposed cuts, she asked, “How do you reconcile this with an effort to make America healthy again?”

Last month, the Federal Health Administration eliminated 2,400 jobs at the CDC. The Chronic Disease Center, which handles the largest budget within the CDC, was particularly impacted.

In a reorganization last month, programs focused on lead poisoning, smoking cessation, and reproductive health were discontinued.

The proposed budget would slash CDC funding to around $4 billion, down from $9.2 billion in 2024.

Moreover, the budget plan does not account for the $1.2 billion Prevention and Public Health Fund, suggesting that the cuts could surpass what Trump has proposed.

Programs targeting injury prevention, including those related to firearms, along with HIV surveillance and public health emergency preparedness grants, would also be affected.

According to the budget proposal, reductions aim to eliminate “duplicate, DEI, or simply unnecessary programs.” While Congress will formulate a federal budget, it remains uncertain how Trump’s proposal will evolve given the Republican majority and his allegiance to Trump.

Robert F. Kennedy Jr. of the Department of Health and Human Services at the White House last month.credit…Eric Lee/The New York Times

CDC officials have been informed that the functions of the Chronic Disease Center will be relocated to a new entity within the health department called Management for a Healthy America.

Additionally, the proposal released on Friday seems to allocate $500 million to the Health Secretary for initiatives focusing on “nutrition, physical activity, healthy lifestyle choices, medications, and treatments.”

Yet, the Chronic Disease Center’s budget at the CDC was nearly tripled. Even if some chronic disease centers are revived under AHA, it’s unlikely that CDC scientists, who have relocated from Atlanta, will be involved.

“The actual subject matter experts managing the program may no longer be at the CDC,” remarked Dr. Scott Harris, Alabama’s state health officer. “We certainly don’t have the same level of expertise in my state.”

The Department of Health and Human Services did not respond to requests for comment.

The CDC’s Chronic Disease Center has launched programs aimed at the prevention of cancer, heart disease, diabetes, epilepsy, and Alzheimer’s disease. However, it also supports initiatives beyond traditional boundaries, like developing walking trails and ensuring healthy food options are available in airports.

Dr. Davis from St. Louis indicated that her department has already been impacted by cuts that affect smoking cessation programs, lead poisoning initiatives, and health equity efforts, with a loss of over $11 billion in funding that the CDC previously provided to the state’s health department.

Diabetes Prevention Program at the Bronx YMCAcredit…Benjamin Norman from New York Times
The center is involved in various initiatives, from developing walking paths to ensuring that healthy food options like salads are available at airports.credit…Tony Senicola/The New York Times

“I’m going to see the impacts of COVID-19 reflected in our current situation,” Dr. Davis emphasized.

In the proposed budget, the administration claims that discontinued programs could be more effectively managed at the state level. However, the state’s health department already oversees most chronic disease initiatives, with approximately three-quarters of the CDC Center’s funding dedicated to these programs.

Dr. Harris expressed that the funding loss is “devastating for us.”

Alabama has one of the highest chronic disease rates nationwide, with upwards of 84% of the Department of Public Health’s budget sourced from the CDC, Dr. Harris noted. Approximately $6 million is estimated to support chronic disease initiatives, including blood pressure screenings, diabetes education, and promoting physical activity.

If these funds are cut, he added, “I have no idea now where the funding will come from.” “No one truly seems to know what to expect, and we are not solicited for input on these matters.”

The Minnesota health department has already terminated 140 positions, with hundreds more potentially at risk if CDC funding reductions continue. Cuts to chronic disease prevention have direct repercussions on nursing homes, vaccination clinics, and public health efforts for Native Americans in the region.

“Federal decisions have left us unsupported in a fragile situation without a safety net,” stated Dr. Brooke Cunningham, the state health commissioner.

Dr. Cunningham noted that until recently, there seemed to be a shared understanding at all levels of government regarding the importance of investing in health.

In 2023, Dr. Brooke Cunningham, Commissioner of the Minnesota Department of Health.credit…David Joles/Star Tribune via the Associated Press

The impact of the CDC Chronic Disease Center is felt in many surprising facets of American life.

In Prairie Village, Kansas, Stephanie Barr learned about the center when she worked as a waitress without health insurance and discovered a lump in her breast 15 years ago.

Thanks to the CDC’s National Early Breast and Cervical Cancer Detection Program, she received mammograms and ultrasounds, with staff assisting her in registering for Medicaid for treatment after a biopsy revealed the mass was cancerous, Barr recounted.

“It was caught just in time,” said Barr, now 45 and cancer-free.

Since its inception in 1991, the program has provided over 16.3 million screenings for more than 6.3 million individuals, with no other affordable options available.

The organization 530 Health has circulated a petition urging lawmakers to reject the proposed HHS budget, which could cut discretionary funding by approximately one-third. The signers contend that these cuts would “effectively devastate” the nation’s research and public health infrastructure.

The budget also suggests dismantling the disease registry and surveillance system.

“Without collecting data or maintaining these surveillance systems, we lose sight of trends,” mentioned Dr. Philip Fan, director of Dallas County Health and Human Services in Texas.

“You’re losing all historical context,” he explained.

In a previous role as Director of Chronic Diseases in Texas, Dr. Huang worked closely with CDC specialists who effectively decreased tobacco use among Americans.

“Abolishing smoking cessation efforts is utterly irrational if you aim to address chronic illnesses,” he stated.

The Chronic Disease Center’s programs target cancer, heart disease, diabetes, epilepsy, and Alzheimer’s disease.credit…Tony Leon of the New York Times
Smoking continues to be a leading cause of preventable deaths in the U.S., causing over 480,000 fatalities annually, according to the CDC.credit…Jenny Kane/Applications

Smoking remains a top contributor to preventable deaths in the United States, leading to over 480,000 deaths each year, per CDC data.

More than one in ten Americans smoke regularly; however, rates vary significantly by region, and CDC monitoring is crucial for targeting areas where cessation programs are most necessary.

“While smoking rates have declined, if the federal government eases regulations, tobacco companies are poised to regain ground,” cautioned Erica Seward, vice president of advocacy for the American Lung Association.

She highlighted that tobacco firms continually innovate new products, such as nicotine pouches. Usage among teenagers doubled last year. “It would be significantly more challenging to reverse this trend,” she added.

The CDC Chronic Disease Center collaborates with both community and academic organizations to promote effective programs, ranging from engaging youth in rural areas of Iowa to training members of Black churches in Columbia, South Carolina.

In rural Missouri, numerous walking trails have been established in the Bootheel region, an area with high obesity and diabetes rates, as noted by Ross Brownson, a public health researcher at Washington University in St. Louis, who is partnering with the CDCC to lead the Center for Prevention Research.

“Research indicates that enhancing walkability in a community can significantly increase physical activity levels,” Dr. Brownson commented. “Though there may be no fitness centers in rural areas, residents can enjoy nature and outdoor walking, and land is relatively affordable.”

In Rochester, New York, CDC support is training both deaf and hearing individuals to lead exercise and wellness programs targeted at others who are deaf and often excluded from mainstream fitness classes.

In San Diego, investigators are exploring strategies to shield farmworkers from ultraviolet and heat-related health issues.

“When they initiate these efforts from the ground up, they’re community-driven and not reliant on government support,” commented Allison Bey, who recently lost her position overseeing such initiatives at the CDC.

The CDC’s reorganization has also resulted in the termination of the lead poisoning program. Lead poisoning is “among our most significant public health challenges in Cleveland,” pointed out Dr. David Margolius, the city’s public health director.

While the CDC does not directly fund Cleveland’s lead program, the state provides the necessary resources. “We rely on federal expertise to guide us toward a lead-free future, so this will have a profound impact on us,” he stated.

Source: www.nytimes.com

In 2024, Birth Rate Holds Steady Near Record Lows

Amidst the Trump administration’s focus on declining US fertility rates, recent data from the Centers for Disease Control and Prevention indicates that births remained relatively stable in 2024, increasing by 1% compared to the previous year.

In the United States last year, there were 3,622,673 births, according to a CDC report published on Wednesday. From 2015 to 2020, births experienced an average annual decline of 2%, with fluctuations in subsequent years.

The report also outlines the birth rates for women aged 15 to 44, known specifically as the birth rate. This rate declined between 2014 and 2020, fluctuating until 2024, where it reached 54.6 births per 1,000 individuals—an increase of 0.2% from 2023.

Brady Hamilton, the primary author of the report and a CDC statistician, noted that the data continues the ongoing downward trend in teenage births and the upward trend in births among older women observed in the past three decades. However, the CDC refrained from offering specific explanations for this trend.

An analysis of CDC data by a sociologist suggests that this trend largely reflects women delaying childbearing in their 20s and opting to do so in their 30s and 40s. Birth rates increased last year among women aged 25 to 44, while declining in teenagers and individuals under 25.

“There are various factors at play,” explained Karen Benjamin Guzzo, director of the Carolina Population Center at the University of North Carolina, Chapel Hill. These factors include considerations about partners, financial stability, job security, and overall expenses.

According to a CDC report, the average woman in 2024 had one or two biological children compared to three or more in 1960. Since 2007, overall birth rates in the US have been decreasing, with sociologists anticipating this trend to persist despite a slight increase last year.

Sarah Hayford, director of Ohio State’s Institute of Population, highlighted that economic improvements post-Great Recession have not necessarily translated into enhanced financial conditions for many individuals, impacting decisions around childbearing.

Guzzo noted that the Trump administration’s policies, including tariffs and federal programs supporting women and children, could impact the environment for childbearing decisions. The administration has expressed concerns over declining fertility rates, with Vice President JD Vance advocating for increased births in the US.

President Donald Trump himself has championed family formation, signing an executive order to expand access to in vitro fertilization. The administration is reportedly considering incentives, such as a $5,000 cash bonus after birth, to encourage more births, although experts suggest these efforts may not reverse declining fertility rates.

Sociologists opine that low fertility rates are not inherently problematic, and the decline in teenage birth rates is viewed as a positive trend. Guzzo expressed optimism that individuals today have more autonomy in deciding the right time for childbearing.

Source: www.nbcnews.com

Study finds that Jupiter’s polar lows are driven by processes reminiscent of those on Earth

Planetary scientists first became aware of the connection between Earth and Jupiter in 2018, when they noticed striking similarities in images of Jupiter's giant cyclones and turbulent ocean currents. In 2022, they Analyzed High-resolution infrared image of a cyclone on Jupiter taken by NASA's Juno spacecraft. Analysis reveals that a type of convection similar to that seen on Earth helps sustain Jupiter's storms, which can be thousands of miles wide and last for years. The 2022 study focused directly on Jupiter's cyclones, but the authors also saw thin tendrils called filaments in the spaces between the vortices of gas. These filaments have analogues on Earth, and the authors used Juno's detailed images to study whether this similarity to Earth's oceanic and atmospheric processes is merely superficial.



This composite image, created from data collected by the JIRAM instrument on NASA's Juno spacecraft, shows a central cyclone at Jupiter's north pole and eight surrounding cyclones. JIRAM collects data in infrared, and the colors in this composite represent radiated heat. The yellow (thinnest) clouds have a brightness temperature of about -9 degrees Fahrenheit (-13 degrees Celsius), while the dark red (thickest) clouds have a brightness temperature of about -181 degrees Fahrenheit (83 degrees Celsius). Image credit: NASA / JPL-Caltech / SwRI / ASI / INAF / JIRAM.

Fronts are often featured in weather forecasts (for example, cold fronts and storm fronts) and apply to both gases and liquids.

A front is a boundary between masses of gas or liquid that have different densities due to differences in properties such as temperature.

In the ocean, fronts can also form due to differences in salinity, which, along with temperature, affects the density of seawater.

The main characteristic of a front is that its leading edge is characterized by strong vertical speed and can generate wind and currents.

To understand the role of the filaments clearly visible during Jupiter's cyclones in the Juno images, Dr. Leah Siegelman of the Scripps Institution of Oceanography and Dr. Patrice Klein of the California Institute of Technology examined a series of infrared images from Juno.

The series of images was taken 30 seconds apart of Jupiter's north polar region.

Because the images were taken in infrared, the team was able to calculate the temperature, finding that brighter areas were warmer and darker areas were cooler.

On Jupiter, the hotter parts of the atmosphere correspond to thin clouds, while the cooler parts are covered by thicker clouds that block more of the heat emanating from Jupiter's superheated core.

The researchers then tracked the movement of the clouds and filaments over the 30-second intervals between photos to calculate horizontal wind speeds.

These two pieces of information allowed the scientists to apply methods from ocean and atmospheric science to Jupiter to calculate vertical wind speeds that correspond to the temperatures and horizontal wind speeds the researchers derived from the images.

Calculating vertical wind speeds, they found that Jupiter's filaments do in fact move like Earth's fronts.

The vertical wind speeds at the edges of Jupiter's fronts also mean that the fronts transport energy in the form of heat from the planet's hot interior to the upper atmosphere, potentially generating large cyclones.

Although convection is the primary driving force, fronts account for a quarter of the total kinetic energy powering Jupiter's cyclones and 40 percent of the vertical heat transport.

“These cyclones at Jupiter's poles have continued since they were first observed in 2016,” Dr Siegelman said.

“These filaments between the larger vortices are relatively small, but they are a key mechanism for maintaining cyclones.”

“It's intriguing that fronts and convection exist and influence Earth and Jupiter, suggesting that these processes may also exist on other turbulent fluid bodies in the universe.”

“Jupiter's enormous scale and Juno's high-resolution images allow us to more clearly visualize how small-scale phenomena like fronts connect with larger-scale phenomena like cyclones and the atmosphere. These connections are often difficult to observe on Earth because they are much smaller and more ephemeral.”

“But the long-awaited new satellite, SWOT, will make observing these ocean phenomena much easier.”

“There's a kind of cosmic beauty in knowing that these physical mechanisms on Earth exist on other planets far, far away.”

Team paper Published in the journal Natural Physics.

_____

L. Siegelman & P. ​​Klein. Frontogenesis at high latitudes on Jupiter. National Physical SocietyPublished online June 6, 2024; doi: 10.1038/s41567-024-02516-x

Source: www.sci.news

The highs and lows of Fintech in 2023

welcome home interchangeHere are the hottest fintech news from the past week. If you would like to receive The Interchange directly in your inbox every Sunday, please visit: here Sign up!

What a year!

This is the last edition of The Interchange for 2023. I can’t believe the year is almost over.

It’s been an eventful 12 months, even with reduced funding. We’ve seen a lot of M&A activity (read about it here, here, here, and here), BNPL has (sort of) made a comeback, and new fintech-focused ventures are raising money (Flourish and Vesey), several startup closures (Daylight being one example) and more layoffs than we would have liked.

And remember when FedNow went live in the US in July? At the time, the list included 35 financial institutions, and five months later, more than 330 of them were on the network. Participating in

There’s never a dull day in the world of fintech. For a broader look back, keep an eye out for a deeper dive into the top fintech stories we reported on through the end of the year.

I would like to take this opportunity to express my sincere gratitude to all the readers who have supported this magazine thus far. There are a lot of fintech newsletters out there, so the fact that you subscribe to this newsletter and keep coming back means a lot to us.

As we look forward to 2024, we wish you and your families a wonderful holiday season and a new year filled with lots of love, peace, and happiness. Thank you very much. — Mary Ann and Christine

weekly news

Christine reported on her dismissal: bolt, an e-commerce and fintech company that was at one time the subject of a federal investigation. The company confirmed through a spokesperson that the one-click checkout company has laid off 29% of its workforce. A Bolt spokesperson said in an emailed statement that the company is working to make Bolt an “operating model optimized for sustainable growth and efficiency” and is committed to “the next steps for our business.” “We can ramp up with the speed and agility necessary for this step.” ” We have been following Bolt for years, and this layoff is the latest of several other cuts that have taken place beyond 2022. In May 2022, Mary Ann reported that at least 185 employees, one-third of its workforce, had been laid off. Let go. Bolt, which provides software to retailers to speed up checkout, has raised a total of about $1 billion in venture backing and was once valued at $11 billion.

Mary Ann reported on several high-profile executive departures this week.She announced the following news credit karma Co-founder Nicole Mustard is stepping down after more than 16 years with the company. Mr. Mustard’s decision to step down marks the third high-profile departure of an executive at Credit Karma in 2023. She then wrote: open door Co-founder Eric Wu is leaving his job at a real estate fintech company after nine years to return to his startup roots. Notably, Wu has invested in startups during his time at Opendoor.according to crunch baseMr. Wu has backed dozens of companies, including Airtable, Scribe, Roofstock and the now-defunct Zeus Living.

At TC+, Jacqueline Melinek wrote about the following facts: robin hood‘s foray into cryptocurrencies isn’t necessarily new, and the company is still looking to expand its efforts in cryptocurrencies, even among groups that tend to stay away from the platform. “I think cryptocurrencies have always been created by and for very technical people,” said Johan Kerblatt, general manager of cryptocurrencies at Robinhood. chain reaction podcast. “At the end of the day, I don’t think customers care too much about what the underlying protocol is when they use cryptocurrencies. What network are they using? They just want things to work. That’s what I’m hoping for.”

Other items we are reading

Google Pay to add BNPL option in early 2024 (Apple made Apple Pay Later available to all users in the U.S. in October, after releasing it to a limited number of users in March.)

Visa acquires Brazilian fintech company Pismo in US$1 billion deal (See TechCrunch’s coverage of how the Pismo and Visa acquisitions first happened.)

Dallas-based Apex Fintech Solutions files for IPO in second public offering bid

Melio introduces real-time payments

HR technology platform Checkr moves to payments for gig workers

Deel launches compliance hub

Repay partners with Green Dot to enable cash-based bill payments

Klarna plans to replace employees with AI to boost profitability

Neobank Dave’s new chatbot achieves 89% resolution rate, CEO says (Go here to read Mary Ann’s Q&A with Dave’s founders in March.)

Funding and M&A

As seen on TechCrunch:

SumUp raises another €285m in growth funding to weather the fintech storm

Comun Channelizes Local Bank Approach to Serve Latino Immigrants

UK International Investment backs India’s Aye Finance with $37 million funding

Hyperplane wants to bring AI to banks

Kapital secures $165 million in equity and debt to provide financial visibility to Latin American small businesses

Prevu’s home sales process rewards homebuyers with cashback rebates

can be seen elsewhere:

Launch of Stairs Financial platform to assist first-time home buyers

Waste management payments company CurbWaste raises $10 million

Fintech startup Pontera raises $60 million, plans to expand jobs in Israel

Completed $12 million Series B financing in January

Necto raises $8 million in seed funding

HSBC supports Aii’s decarbonization grant fund

E-commerce financier SellersFi secures Citi-led credit facility

Image credits: Bryce Durbin

Source: techcrunch.com