ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Opendoor Technologies Inc. f/k/a Social Capital Hedosophia Holdings Corp. II Investors to Secure Counsel Before Important Deadline in Securities Class Action – OPEN

NEW YORK, Oct. 25, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers and acquirers of the securities of Opendoor Technologies Inc. f/k/a Social Capital Hedosophia Holdings Corp. II (NASDAQ: OPEN): (i) between December 21, 2020 and September 16, 2022, both dates inclusive (the "Class Period"); and/or (ii) pursuant and/or traceable to the offering documents issued in connection with the business combination between the Social Capital Hedosophia Holdings Corp. II and Opendoor Labs Inc. completed on or about December 18, 2020 (the "Merger") of the important December 6, 2022 lead plaintiff deadline.

SO WHAT: If you acquired Opendoor securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Opendoor class action, go to https://rosenlegal.com/submit–form/?case_id=9133 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 6, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the offering documents for the Merger were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, according to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the offering documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) the algorithm ("Algorithm") Opendoor used to make offers for homes could not accurately adjust to changing house prices across different market conditions and economic cycles; (2) as a result, Opendoor was at an increased risk of sustaining significant and repeated losses due to residential real estate pricing fluctuations; (3) accordingly, defendants overstated the purported benefits and competitive advantages of the Algorithm; and (4) as a result, the offering documents and defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Opendoor class action, go to https://rosenlegal.com/submit–form/?case_id=9133 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8682177)

LTCH MONDAY DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Latch, Inc. Investors With Losses to Secure Counsel Before Important October 31 Deadline in Securities Class Action – LTCH, LTCHW

NEW YORK, Oct. 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Latch, Inc. (NASDAQ: LTCH, LTCHW) between May 13, 2021 and August 25, 2022, both dates inclusive (the "Class Period"), of the important October 31, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Latch securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Latch class action, go to https://rosenlegal.com/submit–form/?case_id=8369 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 31, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts about Latch business operations and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) there were unreported sales arrangements related to hardware devices; (2) as a result, Latch had improperly recognized revenue throughout fiscal 2021 and first quarter 2022; (3) there were material weaknesses in Latch's internal control over financial reporting related to revenue recognition; (4) as a result of the foregoing, Latch would restate financial statements for fiscal 2021 and first quarter 2022; and (5) as a result of the foregoing, defendants' positive statements about Latch's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Latch class action, go to https://rosenlegal.com/submit–form/?case_id=8369 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8682185)

GLOBENEWSWIRE (Distribution ID 8682185)

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GLOBENEWSWIRE (Distribution ID 8682185)

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GLOBENEWSWIRE (Distribution ID 8682185)

GLOBENEWSWIRE (Distribution ID 8682185)

GLOBENEWSWIRE (Distribution ID 8682185)

GLOBENEWSWIRE (Distribution ID 8682185)

GLOBENEWSWIRE (Distribution ID 8682185)

GLOBENEWSWIRE (Distribution ID 8682185)

Iranian Women Fight in the Streets, But Also from Home

Thousands of young women and men have been chanting “Women, Life, Freedom” in the Iranian streets since mid-September. However, there are many more Iranian women nobody has seen so far among the protesters. Like Bayan, many yearn for freedom without being able to leave their family homes

A group of young women dance and burn their hijabs during a protest in Iran’s Bandar Abbas. Credit: social media

By Arina Moradi
COPENHAGEN, Oct 25 2022 – It’s been over a month since Bayan, a 30-year-old Persian language teacher, last left her home in the Kurdish city of Piranshahr, 730 northwest of Tehran. Her parents believe they must protect her from what might happen to a protester in Iran.

Thousands of young women and men have been chanting “Women, Life, Freedom” in the Iranian streets since mid-September. However, there are many more Iranian women nobody has seen so far among the protesters. Like Bayan, many yearn for freedom without being able to leave their family homes

“I told them that I am ready to die now in this fight rather than languish to death in this country,” this woman tells IPS over the phone. Like the rest of those interviewed from the Danish capital and who live inside Iran, she doesn’t want to disclose her identity for fear of reprisals. Her family, she adds, are afraid of detention, torture and especially the possibility of being subject to sexual violence by security forces inside detention centres.

After the tragic death of Mahsa Amini -the 22-year-old Iranian Kurd died in police custody after she was detained in Tehran for “inappropriate attire”-, thousands of young women and men have been chanting “Women, Life, Freedom” in the Iranian streets since mid-September. However, there are many more Iranian women nobody has seen so far among the protesters. Like Bayan, many yearn for freedom without being able to leave their family homes.

It’s doubtless easier for the men. Despite the brutal anti-riot forces’ crackdown, Soran, Bayan’s younger brother, says he has joined almost every protest in the city. His parents have been warning him of the possible consequences too, but they can’t stop him from leaving the house.

“I tried to convince my parents to let my sister join me, but they wouldn’t allow it. So we found a safer way to participate,” the 24-year-old Kurd tells IPS. They have worked together on a list of contacts of many journalists outside of the country.

“My brother goes out to join the protests and also gather news. I contact the journalists from the list to let them know what´s going on here: I send them videos, pictures and the name of those we think have been arrested by security forces,” explains Bayan. “I hope what I do helps somehow.”

 

Thousands of young women and men have been chanting “Women, Life, Freedom” in the Iranian streets since mid-September. However, there are many more Iranian women nobody has seen so far among the protesters. Like Bayan, many yearn for freedom without being able to leave their family homes

Ammunition used by the Iranian secfurioty forces in Sanandaj, Kurdistan province during anti-regime protests. Credit: courtesy

 

According to the state news agency IRNA, more than 1000 people including journalists have been arrested across Iran, but the actual number is estimated to be much higher.

There has been no official data on the number of detainees in Iran’s recent protests, In its October 18 report, The United Nations warned about “mass arrests of protesters,” including the detention of at least 90 civil rights activists, human rights defenders, lawyers, artists, and journalists.

Iranian journalist Niloofar Hamedi is among those captured. On September 16, Hamedi gained access to Kasra Hospital in Tehran, where Mahsa Amini was being treated following her detention by the morality police. Hamedi would later publish a photo of Amini’s parents hugging and crying in the hospital. The picture quickly spread along with Hamedi’s reporting on Amini’s death, something which eventually spiralled into nationwide protests

In the country’s capital Tehran, Neda, a 38-year-old mother of two also does her bit. Since the very beginning, she has sheltered dozens of protesters who were chased by security forces and needed a place to hide.

“It first happened on the second night of the protests in Tehran. A group of six young women and men were slamming the door asking for help as police were chasing them in the streets. It was before midnight. I opened the door as fast as possible and closed it even faster. The kids woke up and we were all in a panic. I got so emotional that I cried and hugged one of the girls. Some of them cried too. I can’t forget their young innocent faces,” the Iranian woman tells IPS over a phone conversation.

Since that night, Neda is always ready whenever there is a protest in their neighbourhood. She delivers food, water, medicines or whatever is needed by the protesters who hide from the anti-riot forces.

“One night, there was a young boy who was shot in his right leg. I called a friend of mine who is a doctor to treat him at my place. We couldn’t risk taking him to the hospital for security reasons.”

Neda says all she wants is to see the end of the Islamic Republic’s power. “I wish to see my kids growing up in a country where there is respect for women, freedom, and equality. I just want to see the fall of this regime with my own eyes.”

However, she finds it difficult to convince her husband to let her leave the house and join the protesters in the streets.

“Everybody expects a mother of two to stay home with the kids. I feel like I am on fire. I stay at home while these young people risk their lives being in the streets. Sometimes I feel so powerless and guilty,” she admits.

 

Thousands of young women and men have been chanting “Women, Life, Freedom” in the Iranian streets since mid-September. However, there are many more Iranian women nobody has seen so far among the protesters. Like Bayan, many yearn for freedom without being able to leave their family homes

Women in Saqqez, Kurdistan province, holding hands amid anti-regime protests in October 12, 2022. Credit: Courtesy

 

Behind the slogan

As of October 15, at least 215 people including 27 children have been killed in the protests in Iran, Norway-based group Iran Human Rights reported.

“The reckless state violence which has even targeted children and prisoners, along with the false narratives presented by Islamic Republic officials, make it more crucial than ever for the international community to establish an independent mechanism under the supervision of the UN to investigate and hold the perpetrators of such gross human rights violations accountable,” the organization’s director, Mahmood Amiry-Moghaddam, said in the report.

On October 17, Amnesty International also called on the UN Human Rights Council to hold a special session on Iran “as a matter of urgency” and urged the Council to establish “an independent mechanism with investigative, reporting and accountability functions to address the most serious crimes under international law and other gross human rights violations committed in Iran.”

Iranian authorities have blamed the west for instigating the unrest. “Who would believe that the death of a girl is so important to Westerners?” the country’s foreign minister, Hussein Amir Abdollahian, said on October 15.

Despite the growing crackdown by Iranian security forces, protests keep spreading all across the country thanks to people like 41-year-old Hana. She lives with her husband and their two kids in Bukan, 478 kilometres west of Tehran, in Azerbaijan province. This city of around 200,000 has seen waves of protests and public strikes in the past month. However, she could not join the protesters in the streets.

“I stayed home to take care of the children and my husband went out to protest. He believes that kids need me more than they need him in case of detention, injuries or even death due to the security forces’ brutal crackdown on the protesters,” Hana tells IPS over the phone.

She owns a women’s clothing shop and she has joined all the strikes to show objection to the state. The security forces have broken her shop’s windows and many others in the city as a tactic to force them to end the strike.

“I didn’t give up. It’s the least I could do to contribute to the uprising,” says the Iranian woman. “Women, life, and freedom,” she insists, is much more than a slogan.

“It’s a lifetime goal for most Iranian women who have been suffering all kinds of pressure from their families, from society and, above all, from the state and its anti-women laws.”

Broken Relationship with Nature Exposed as Global Wildlife Population Plummets

Biodiversity is in trouble as the WWF report, 2022 Living Planet Index, indicates that the global wildlife population had decreased by 69 percent since 1970. Credit: Joyce Chimbi/IPS

Biodiversity is in trouble as the WWF report, 2022 Living Planet Index, indicates that the global wildlife population had decreased by 69 percent since 1970. Credit: Joyce Chimbi/IPS

By Joyce Chimbi
Nairobi, Oct 25 2022 – Home to a variety of iconic and rare animal and plant species, freshwater lakes, rivers, waterfalls, and the expansive Indian Ocean coastline, Kenya’s place as a biodiversity hotspot has never been in doubt.

But the first National Wildlife Census report finalized in August 2021 pointed to signs of trouble. For instance, as many as five wildlife species are critically endangered and could disappear in the immediate future. The report noted that there were just 1,650 Tana River Mangabey, 897 black rhinos, 497 Hirolas, 51 Sable antelopes, and 15 Roan antelopes.

Biodiversity expert John Mwangi Gicheha tells IPS the decline in species population abundance has now been validated by the newly-released Living Planet Report 2022.

“The health of planet earth is well and truly on a sharp decline, and we are not only seeing a decrease in the global population of species but a decline in their genetic diversity and a loss of species climatically determined habitats,” Gicheha expounds.

Conducted by the World Wildlife Fund for Nature (WWF), an independent conservation organization, this is the first ever most comprehensive report on the state of global vertebrate wildlife populations, and it makes a startling revelation: the world’s wildlife populations have declined by 69 percent since 1970.

As a measure of the state of the world’s biological diversity among population trends of vertebrate species from terrestrial, freshwater, and marine habitats, the 2022 Living Planet Index analyzed approximately 32,000 populations of 5,230 species across the world.

By tracking trends in the abundance of mammals, fish, reptiles, birds, and amphibians worldwide since 1970, a disturbing image emerged: one million plants and animals are threatened with extinction.

Worse still, 1-2.5 percent of birds, mammals, amphibians, reptiles, and fish have gone extinct.

Key findings include revelations that monitored freshwater populations are hardest hit as there is an alarming decline of 83 percent in the last 50 years, more than any other species groups.

The decline in freshwater population is mainly caused by habitat loss and barriers to migration routes which account for an estimated half the threat to these populations. Further, only 37 percent of rivers over 1,000 kilometres remain free-flowing in their natural state.

Against this backdrop, the report stresses that the global community is living the consequences of double crises and shows how “interlinked emergencies of human-induced climate change and the loss of biodiversity are threatening the well-being of current and future generations.”

The greatest regional decline in wildlife population is in Latin America and the Caribbean region, whose average population abundance decline is 94 percent.

Africa comes second with a 66 percent fall in its wildlife populations over the past 52 years, and across the board, the poor and marginalized remain highly vulnerable and most affected by the decline.

There was an 18 percent decline in Europe and Central Asia and a 55 percent decline in wildlife populations in the Asia Pacific.

More findings show despite mangroves being unique forests of the sea; they remain at great risk as they continue to be lost to aquaculture, agriculture and coastal development at current rates of 0.13 percent per year.

Mangrove loss is not only a loss of habitat for biodiversity, the report emphasizes, but the loss of ecosystem services for coastal communities.

Further, approximately 50 percent of warm water corals have already been lost. Even worse, a warming of 5 degrees Celsius will lead to a loss of 70 to 90 percent of warm water corals.

Overall, the global abundance of 18 of 31 oceanic sharks and rays declined by 71 percent since 1970. By 2020, three-quarters of sharks and rays were threatened with an elevated risk of extinction. Kenya is currently home to 9 whale sharks, two blue whales and 17 tiger sharks, per the National Wildlife Census.

The report stresses that dominating the natural world irresponsibly, taking nature for granted, exploiting of resources wastefully and unsustainably and, distributing these resources unevenly have life-altering consequences.

Judy Ouya, a government official in the Ministry of Environment and Forestry tells IPS that said consequences could no longer be ignored as they are too severe and frequent. They include loss of lives and economic assets from extreme weather conditions, deepening poverty and, severe food and water insecurity from droughts.

For instance, the reports references Amboseli, Kenya, Maasai community who rely on selling livestock and are now greatly affected by the severe prolonged dry spell.

Earlier in June 2022, the World Bank projected that Kenya’s growth will slow down within the year and into 2023-24 due to the ongoing ravaging drought and other external influences, such as the war in Ukraine.

“The ongoing climate and biodiversity crises are significantly induced and sustained by human activity and particularly our land use change and, our interactions with ocean and lake ecosystems. There is significant over-exploitation of nature, and the consequences are coming faster and more severe than expected,” Ouya observes.

WWF finds that while ongoing conservation efforts are helping, urgent action is required if the global community is to reverse nature loss. The broken relationship with nature, experts such as Ouya emphasize, impacts all aspects of human life and will significantly derail economic development and attainment of UN SDGs.

Overall, the index finds too much nature has been lost at a speed that calls for higher ambitions to effectively, efficiently and sustainably address the six key threats to biodiversity loss which include habitat degradation and loss, exploitation, the introduction of invasive species, pollution, climate change and disease.

Higher ambitions include working together towards the complimentary goals of net-zero emissions by 2050 and net-positive biodiversity by 2030 as they represent “the compass to guide us towards a safe future for humanity, to shift to a sustainable development model, to support the delivery of the 2030 SDGs.”

If the global community works together to achieve these goals and because nature can bounce back, the report foretells a promising future, of a decade that will end better than it started with more natural forests, more fish in the ocean and river systems, more pollinators in our farmlands, more biodiversity worldwide.

IPS UN Bureau Report

 


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Climate Change Brings New Pest & Disease Pressures Previously Unimaginable

Children stand in a flood water in Borno State, Nigeria. Credit: UNICEF/Vlad Sokhin

By Alexander Müller, Adam Prakash and Elena Lazutkaite
BERLIN, Oct 25 2022 – In temperate zones lie most of the world’s richest countries, which have also been up till now the world’s major breadbaskets, in meeting international grain, oilseed and livestock product needs.

However, climate change is threatening to change the course of history, allowing some native pests to breed more frequently and longer, while invasive insects and pathogens are being spread more widely.

It is no coincidence that agriculture in temperate regions, such as much of Northern Europe and Northern America, is characterised by high productivity.

In temperate zones, agricultural sectors are highly capital intensive with new technologies continuously introduced; weather conditions during growing seasons are often predictably favourable; while harsh winters and cold springs prevent many plant pests and pathogens from overwintering, all leading to crop yields that are approaching their physiological ceilings, and at the same time storage losses being kept to a minimum.

In a nutshell

Pests and diseases can undergo rapid evolutionary changes through natural selection within the timescale of climate change. As the climate warms up, agricultural pests and diseases are advancing northwards and becoming more widespread.

Notwithstanding, the science that links climate change with changes to the behaviour of insect pests and pathogens is complex, given the latter’s multitude of biological responses and their interactions with changing environmental stimuli.

Invasive species, by definition, have succeeded in areas outside of their habitual range and therefore have higher adaptive capacity relative to native species. Evolution and adaptation are therefore the inherent mechanisms that explain why pests and diseases pose a consequential threat (both localised and transboundary) under a changing climate.

Natural selection also explains why an increasing number of insect pests have become resistant to pesticides.

Why should richer economies be worried? What science tell us

Drawing from a recent report on the scientific linkages between climate change and pest and disease outbreaks produced by TMG Think Tank for Sustainability and Climate Prediction and Applications Centre of Intergovernmental Authority on Development, temperature rise in temperate zones is likely to attract new pests that have migrated from areas where heat stress is too severe.

However, with warmer winters in northern latitudes there is strong likelihood of migration resulting in an increase in the build-up of insect pest populations to damaging levels owing to early emergence (shorter dormancy due to accelerated metabolic rates attributable to higher temperatures).

While there is uncertainty on whether invasive species can establish themselves in new environments, much will depend on factors such as the degree of temperature rise, food supply and natural enemies and whether they can maintain or adapt to the synchrony with growth cycles of plants on which they feed.

Warming will also have other detrimental effects, such as bringing about an increased number of generations of native and invasive insect pests through greater intra-year breeding, fostering rising population growth.

Ultimately, with a larger temperature window in temperate zones within which insects and pathogens can flourish combined with rising heat stress to crops, these zones could register rapid increases in pest and disease outbreaks, increased use of pesticides, increased costs to farmers and lower yields.

In fact, the transboundary and transoceanic expansion of invasive species is already heading northwards thanks to climate change including extreme events such as cyclones and storms, and further exacerbated by international trade and travel.

A case in point here is the recent spread of the destructive lanternflies to the United States, which have demonstrated great adaptability to new environments and pose imminent threat to vineyard based economies. Researchers further predict that corn earworm that ravages maize, cotton, soyabeans and vegetables is expanding northwards into the United States’ maize belt.

The UN estimates that at least 20 percent of all food crops grown worldwide are lost annually to plant pests and diseases. With the rich temperate countries becoming increasing vulnerable, total losses would increase.

Consequently, while there is a pressing need for scientific theory to provide further precision on pest-climate dynamics, as affirmed in the latest report of the Intergovernmental Panel on Climate Change (IPCC), action is needed now.

Harnessing technological leaps in the realm of artificial intelligence, will be critical for enhanced plant pest and disease surveillance, diagnostics and outbreak prediction via early warning systems.

As with all pest and disease outbreaks, prevention is far cheaper than dealing with full-blown crises, and what is more, pests and diseases are often impossible to eradicate once they have established themselves.

Alexander Müller is TMG’s Managing Director. He is a former Assistant Director-General of the Food and Agriculture Organization of the UN (FAO) and State Secretary for Consumer Protection, Food and Agriculture, Germany.

Adam Prakash is a TMG research associate, whose work explores the quantitative links between climate change and agriculture and how emerging technologies can de-risk food systems.

Elena Lazutkaite is an animal scientist and interdisciplinary researcher focusing on food and agriculture, transboundary pests and resilience, and environmental sustainability.

TMG Research gGmbH is an international not-for-profit think tank headquartered in Berlin, Germany, with an African regional office in Nairobi. Through action-oriented research with local and international partners, TMG triggers new thinking and “social innovations” to tackle entrenched governance challenges in the transition to a more sustainable future for people and planet.

IPS UN Bureau

 


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Macroeconomic Policy Coordination More One-Sided, Ineffective

By Anis Chowdhury and Jomo Kwame Sundaram
SYDNEY and KUALA LUMPUR, Oct 25 2022 – Widespread adverse reactions to the UK government’s recent ‘mini-budget’ forced new Prime Minister Liz Truss to resign. The episode highlighted problems of macroeconomic policy coordination and the interests involved.

Macro-policy coordination
But macroeconomic, specifically fiscal-monetary policy coordination almost became “taboo” as central bank independence (CBI) became the new orthodoxy. It has been accused of enabling CBs to finance government deficits. Critics claim inflation, even hyperinflation, becomes inevitable.

Anis Chowdhury

Government finance ministries and CBs are the two main macroeconomic policy protagonists. Poor ‘macro-policy’ coordination has generated problems, including contradictory policy responses. This has meant more macroeconomic and financial instability, worrying markets and investors.

Fiscal policy – notably variations in government tax and spending – mainly aims to influence long-term growth and distribution. CB monetary policy – e.g., variations in short-term interest rates and credit growth – claims to prioritize price and exchange rate stability.

By the early 1990s, the ‘Washington consensus’ implied the two macro-policy actors should work independently due to their different time horizons. After all, governments are subject to short-term political considerations inimical to monetary stability needed for long-term growth.

Claiming to be “technocratic”, CBs have increasingly set their own goals or targets. CBI has involved both ‘goal’ and ‘instrument’ independence, instead of ‘goal dependence’ with ‘instrument independence’.

CBI was ostensibly to avoid ‘fiscal dominance’ of monetary policy. Meanwhile, government fiscal policy became subordinated to CB inflation targets. For former Reserve Bank of Australia Deputy Governor Guy Debelle, monetary policy became “the only game in town for demand management”.

Debelle noted that except for rare and brief coordinated fiscal stimuli in early 2009, after the onset of the global financial crisis, “demand management continued to be the sole purview of central banks. Fiscal policy was not much in the mix”.

Jomo Kwame Sundaram

Sub-optimal outcomes
But more than three decades of “divorce” between independent CBs and fiscal authorities have failed to deliver its promised benefits. Instead, monetary policy dominance has worsened financial instability.

Adam Posen found the costs of disinflation, or keeping inflation low, higher in OECD countries with CBI. Carl Walsh found likewise in the European Community.

For Guy Debelle and Stanley Fischer, CBs have sought to enhance their credibility by being tougher on inflation, even at the expense of output and employment losses.

Committed to arbitrary targets, independent CBs have sought credit for keeping inflation low. They deny other contributory factors, e.g., labour’s diminished bargaining power and globalization, particularly cheaper supplies.

John Taylor, author of the ‘Taylor rule’ CB mantra, concluded CB “performance was not associated with de jure [legislated] central bank independence”. De jure CB independence has not prevented them from “deviating from policies that lead to both price and output stability”.

The de facto independent US Fed has also taken “actions that have led to high unemployment and/or high inflation”. As single-minded independent CBs pursued low inflation, they neglected their responsibility for financial stability.

CBs’ indiscriminate monetary expansion during the 2000s’ Great Moderation enabled asset price bubbles and dangerous speculation, culminating in the global financial crisis (GFC).

Since the GFC, “the financial sector has become [increasingly] dependent on easy liquidity… To compensate for quantitative easing (QE)-induced low return…, [holders of safe long-term government bonds] increased the risk profile of their other assets, taking on more leverage, and hedging interest rate risk with derivatives”.

Independent CBs also never acknowledge the adverse distributional consequences of their policies. This has been true of both conventional policies, involving interest rate adjustments, and unconventional ones, with bond buying, or QE. All have enabled speculation, credit provision and other financial investments.

They have also helped inefficient and uncompetitive ‘zombie’ enterprises survive. Instead of reversing declining long-term productivity growth, the slowdown since the GFC “has been steep and prolonged”.

Workers’ real wages have remained stagnant or even declined, lowering labour’s income share and widening income inequality. As crises hit and monetary policies were tightened, workers lost jobs and incomes. Workers are doubly hit as governments pursue fiscal austerity to keep inflation low.

Dire consequences
The pandemic has seen unprecedented fiscal and monetary responses. But there has been little coordination between fiscal and monetary authorities. Unsurprisingly, greater pandemic-induced fiscal deficits and monetary expansion have raised inflationary pressures, especially with supply disruptions.

This could have been avoided if policymakers had better coordinated fiscal and monetary measures to unlock key supply bottlenecks. War and economic sanctions have made the supply situation even more dire.

Government debt has been rising since the GFC, reaching record levels due to pandemic measures. CBs hiking interest rates to contain inflation have thus worsened public debt burdens, inviting austerity measures.

Thus, countries go through cycles of debt accumulation and output contraction. Supposed to contain inflation, they adversely impact livelihoods. Many more developing countries face debt crises, further setting back progress.

Needed reforms
Sixty years ago, Milton Friedman asserted, “money is too important to be left to the central bankers”. He elaborated, “One economic defect of an independent central bank … is that it almost invariably involves dispersal of responsibility… Another defect … is the extent to which policy is … made highly dependent on personalities… third … defect is that an independent central bank will almost invariably give undue emphasis to the point of view of bankers”.

Thus, government-sceptic Friedman recommended, “either to make the Federal Reserve a bureau in the Treasury under the secretary of the Treasury, or to put the Federal Reserve under direct congressional control.

“Either involves terminating the so-called independence of the system… either would establish a strong incentive for the Fed to produce a stabler monetary environment than we have had”.

Undoubtedly, this is an extreme solution. Friedman also suggested replacing CB discretion with monetary policy rules to resolve the problem of lack of coordination. But, as Alan Blinder has observed, such rules are “unlikely to score highly”.

Effective fiscal-monetary policy coordination requires appropriate supporting institutions and operating arrangements. As IMF research has shown, “neither legal independence of central bank nor a balanced budget clause or a rule-based monetary policy framework … are enough to ensure effective monetary and fiscal policy coordination”.

Although rules-based policies may enhance transparency and strengthen discipline, they cannot create “credibility”, which depends on policy content, not policy frameworks.

For Debelle, a combination of “goal dependence” and “instrument or operational independence” of CBs under strong democratic or parliamentary oversight may be appropriate for developed countries.

There is also a need to broaden membership of CB governing boards to avoid dominance by financial interests and to represent broader national interests.

But macro-policy coordination should involve more than merely an appropriate fiscal-monetary policy mix. A more coherent approach should also incorporate sectoral strategies, e.g., public investment in renewable energy, education & training, healthcare. Such policy coordination should enable sustainable development and reverse declining productivity growth.

As Buiter urges, it is up to governments “to make appropriate use of … fiscal space” created by fiscal-monetary coordination. Democratic checks and balances are needed to prevent “pork-barrelling” and other fiscal abuses and to protect fiscal decision-making from corruption.

IPS UN Bureau

 


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ZRG Global Talent Advisory Establishes Presence in Dubai

DUBAI, United Arab Emirates, Oct. 24, 2022 (GLOBE NEWSWIRE) — ZRG, a New Jersey–based global talent advisory firm, has established a critical presence in Dubai, UAE. With this office, the firm now has team members positioned in key global markets on five continents. The office will be led by Natalie Sleiman, Managing Director and EMEA Lead for the firm's Professional & Technology Services practice.

Following successful expansion in South America, Europe, the UK, and Australia, ZRG is now positioned to deliver their tech–enabled analytic suite of talent management solutions to the Gulf region.

"Dubai is a crucial financial and cultural hub," said Larry Hartmann, CEO of ZRG. "Our team here is ready to deliver ZRG's data driven talent advisory service to clients in the Middle East, Africa, and Asia, alongside our colleagues in the Americas, Europe, and Australia."

ZRG's expanded service offerings include Organizational Culture Assessment, Consulting and transformation through their Walking the Talk division. Their Brimstone Consulting division further adds leadership alignment and acceleration, bringing clients an end–to–end talent solution. The company also serves clients in over two dozen industry and functional practices, including media, sports and entertainment powerhouses, TurnkeyZRG and Sucherman Group.

"Natalie Sleiman brings an outstanding record of leadership in the tech sector to ZRG. Her knowledge of the business landscape of the Middle East will help our clients worldwide as we build in this vital market," said Abe Doctor, Managing Partner and Global Professional & Technology Services Practice Group Leader.

"Our Dubai office has deep expertise in numerous industry verticals," adds Sleiman. "Cross–border, cross–industry, and cross–cultural collaboration are all part of what makes ZRG special, and we're eager to serve our clients talent needs here and across the globe."

The firm celebrated its new presence in Dubai International Financial Center with a grand opening reception at the Capital Club on October 24.

About ZRG
ZRG is a global talent advisory firm that is changing the way companies hire and manage talent. ZRG's data–driven approach to executive and professional search has been changing the way clients think about how to find top talent. The company's digital Zi platform combines talent intelligence, candidate insights, and process improvement to dramatically deliver executive searches quicker and with proven better results.

Today, with the help of private equity investor RFE Investment Partners, ZRG is among the fastest growing firms in the search industry and provides a full suite of retained search, on–demand talent, and consulting and advisory solutions across the Americas, Asia, Europe, and Australia.

Contact: John Mooney, Over The Moon PR, (908) 720–6057, john@overthemoonpr.com


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ZRG Global Talent Advisory Establishes Presence in Dubai

DUBAI, United Arab Emirates, Oct. 24, 2022 (GLOBE NEWSWIRE) — ZRG, a New Jersey–based global talent advisory firm, has established a critical presence in Dubai, UAE. With this office, the firm now has team members positioned in key global markets on five continents. The office will be led by Natalie Sleiman, Managing Director and EMEA Lead for the firm's Professional & Technology Services practice.

Following successful expansion in South America, Europe, the UK, and Australia, ZRG is now positioned to deliver their tech–enabled analytic suite of talent management solutions to the Gulf region.

"Dubai is a crucial financial and cultural hub," said Larry Hartmann, CEO of ZRG. "Our team here is ready to deliver ZRG's data driven talent advisory service to clients in the Middle East, Africa, and Asia, alongside our colleagues in the Americas, Europe, and Australia."

ZRG's expanded service offerings include Organizational Culture Assessment, Consulting and transformation through their Walking the Talk division. Their Brimstone Consulting division further adds leadership alignment and acceleration, bringing clients an end–to–end talent solution. The company also serves clients in over two dozen industry and functional practices, including media, sports and entertainment powerhouses, TurnkeyZRG and Sucherman Group.

"Natalie Sleiman brings an outstanding record of leadership in the tech sector to ZRG. Her knowledge of the business landscape of the Middle East will help our clients worldwide as we build in this vital market," said Abe Doctor, Managing Partner and Global Professional & Technology Services Practice Group Leader.

"Our Dubai office has deep expertise in numerous industry verticals," adds Sleiman. "Cross–border, cross–industry, and cross–cultural collaboration are all part of what makes ZRG special, and we're eager to serve our clients talent needs here and across the globe."

The firm celebrated its new presence in Dubai International Financial Center with a grand opening reception at the Capital Club on October 24.

About ZRG
ZRG is a global talent advisory firm that is changing the way companies hire and manage talent. ZRG's data–driven approach to executive and professional search has been changing the way clients think about how to find top talent. The company's digital Zi platform combines talent intelligence, candidate insights, and process improvement to dramatically deliver executive searches quicker and with proven better results.

Today, with the help of private equity investor RFE Investment Partners, ZRG is among the fastest growing firms in the search industry and provides a full suite of retained search, on–demand talent, and consulting and advisory solutions across the Americas, Asia, Europe, and Australia.

Contact: John Mooney, Over The Moon PR, (908) 720–6057, john@overthemoonpr.com


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Nyxoah Announces Change to Board of Directors

Nyxoah Announces Change to Board of Directors

Mont–Saint–Guibert, Belgium "" October 24, 2022, 10:30pm CET / 4:30pm ET "" Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) ("Nyxoah" or the "Company"), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that Raymond Cohen resigned as member of the board of directors of the Company effective October 18, 2022.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah's lead solution is the Genio system, a patient–centered, leadless and battery–free hypoglossal neurostimulation therapy for OSA, the world's most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors' therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution "" CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Contacts:
Nyxoah
Loic Moreau, Chief Financial Officer
corporate@nyxoah.com
+32 473 33 19 80

Jeremy Feffer, VP IR and Corporate Communications
jeremy.feffer@nyxoah.com
+1 917 749 1494

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Taconic Biosciences Launches First and Only Super Immunodeficient Mouse Models Lacking Residual Murine Fc Gamma Receptors, for Improved Antibody Therapy Assessment

RENSSELAER, N.Y., Oct. 24, 2022 (GLOBE NEWSWIRE) — Taconic Biosciences, a global leader in providing drug discovery animal model solutions, has launched the FcResolv NOG portfolio, the first and only super immunodeficient mouse models lacking residual murine Fc gamma receptors (FcRs) known to confound results in antibody–based therapy studies.

Murine FcRs can cause false positives or false negatives, leading to incorrect conclusions and derail drug discovery. FcResolv NOG models knock out these receptors for greater clarity in antibody–based drug studies, affording investigators greater confidence and more translatable data with fewer studies and fewer animals. With applicability in oncology, immuno–oncology, and autoimmune disease, FcResolv NOG models are suitable for engrafting a wide range of human cells and tissues, including simultaneous human tumor engraftment and immune system humanization.

"Antibody–based therapies represent one of the fastest–growing classes of drugs, creating a pressing need for better preclinical tools to assess therapeutics such as monoclonal antibodies, antibody–drug conjugates, and bispecific antibodies," said Dr. Michael Seiler, vice president of commercial products at Taconic. "Taconic's FcResolv NOG portfolio enables researchers to evaluate drug candidates like these on their own merits, free of interference from residual murine Fc gamma receptor activity."

FcResolv NOG models eliminate the false negatives that occur when an antibody–based therapeutic's Fc domain interacts with murine FcRs as well as the false positives that result when FcRs trigger residual murine immune activity. They also eliminate costly deconvolution steps otherwise needed to distinguish true drug efficacy from off–target effects mediated through the mouse immune system. With more reliable answers, researchers can target their drug discovery investments more strategically and effectively.

The FcResolv NOG model portfolio is based on the super immunodeficient CIEA NOG mouse . The portfolio currently includes two models:

  • FcResolv NOG, for tumor xenografts using cell lines or patient–derived tumors, engraftment of other normal or pathological human cells and tissues, and immune system humanization studies
  • FcResolv hIL–15 NOG, which supports engraftment of human NK cells and is suitable for efficacy studies on antibody–based therapeutics with an antibody–dependent cellular cytotoxicity (ADCC) mechanism of action

To learn more about the FcResolv NOG portfolio, visit www.Taconic.com/fcresolv. Or call 1–888–TACONIC (888–822–6642) in the US, +45 70 23 04 05 in Europe, or email info@taconic.com.

About Taconic Biosciences, Inc.

Taconic Biosciences is a fully licensed, global leader in genetically engineered rodent models and services. Founded in 1952, Taconic provides the best animal solutions so that customers can acquire, custom–generate, breed, precondition, test, and distribute valuable research models worldwide. Specialists in genetically engineered mouse and rat models, microbiome, immuno–oncology mouse models, and integrated model design and breeding services, Taconic operates service laboratories and breeding facilities in the U.S. and Europe, maintains distributor relationships in Asia and has global shipping capabilities to provide animal models almost anywhere in the world.

Media Contact:

Louise Baskin, Senior Director New Product Pipeline

303–432–2495

Louise.Baskin@taconic.com


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