Wall Street Journal Monday March 29, 2021

37 Pages·2021·18.57 MB·English

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Protesters Return to Streets After 90 Are Slain in Myanmar Rescuers
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aswathofTennesseeand down. widelyheld,large-capitalization hasbeencompleted. CrisisinBrazilworsens Rallyincommodities
causedflashfloodingoverthe People familiar with the stockonadaywithnosignifi- Class A shares of Discovery
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JOURNALREPORT
HealthcareTech:What BYCHARLESPASSY whichrecentlyannounceditis
thepandemictaughtus offering a free daily donut ATLANTA—SevendaysafterDaoyouFeng womenborninKorea,twofromChina,a
abouttelemedicine.R1-8 For many Americans, get- throughtheendof2021atits wasshotandkilledatthespawhereshe mothergettingamassagewithherhusband
tingthecoronavirusvaccineis U.S. locations to those who worked,herbodylayunclaimedinamorgue andahandymanoriginallyfromDetroit.
a reward unto itself. But for show their Covid-19 vaccina- intheAtlantaarea.The44-year-old,origi- ThekillingsofsixwomenofAsiande-
CONTENTS Outlook.......................A2 PatriciaFasnacht,theshothas tion card. Ms. Fasnacht says nallyfromChina,diedaloneinaforeign scenthassparkeddebateaboutanti-Asian
ArtsinReview...A13 PersonalJournalA11-12
comewithasugarybonus. shehasalreadymadeacouple countrythatknewlittleabouther.Officials racismandtriggeredralliesincitiesacross
BusinessNews.......B3 Sports.......................A14
Crossword..............A14 Technology...............B4 Ever since receiving her of visits and doesn’t plan to thecountry.Nearlytwoweeksafterthekill-
HeardonStreet.....B9 U.S.News.............A2-5 first injection of the Pfizer stopanytimesoon. ByEstherFung,SunnyOh,Elizabeth ings,apicturehasbeguntoemergeofthe
Markets......................B8 Weather...................A14 vaccine earlier “Afterbeingin FindellandJaewonKang victimsthemselvesandthelivestheyledaf-
Opinion..............A15-17 WorldNews.......A6-9
this month, Ms. my house for a tertheyarrivedinAmerica.
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year-old resident to get out and herbody,eventhoughhernamemadeinter- U.S.citizens,oneheldagreencardandone
of High Point, have a sweet nationalheadlines. wasaChinesenational.Allwereworkingat
N.C., has taken treat,”shesays. Ms.Fengwasoneofeightpeoplekilled immigrant-runspas,andmostwerestrug-
advantage of a Officials with March16,whena21-year-oldGeorgiaman glingtomakeendsmeet.Someleftbehind
promotionbythe the North Caro- wentonashootingspreethattargetedthe familymemberswhodescribedthemasiso-
s2021DowJones&Company,Inc.
AllRightsReserved Krispy Kreme Pleaseturnto spashesaidhefrequented,accordingtopo- lated,leadingquietlivesofhardwork.
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wsj_20210329_a001_p2jw088000_5_a00100_17ffff5178f2021.crop.pdf 1 29-Mar-21 06:04:06
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A2|Monday,March29,2021 THEWALLSTREETJOURNAL.
*****
U.S. NEWS
THE OUTLOOK | ByAmaraOmeokwe ECONOMIC
More Retirements Bode Ill for Growth
CALENDAR
Wednesday:China’sofficial
T purchasingmanagersindexfor
heproportionofolder fromCovid-19increaseswith Laborforceparticipationrate, Productivity—outputper 32.5weeksinFebruary2021, manufacturingisexpectedto
workersparticipating age.Amongthosewhocon- 55yearsandolder hour—reflectshowefficiently upsharplyfrom25.9inFeb- showactivityreboundingin
inthelaborforceis tractthevirus,thedeath workerscompletetasks. ruarylastyear,accordingto Marchfollowingdisruptionsre-
hoveringatitsworstlevel rateforthoseage50-64is 41.0% RECESSION Olderworkersoftenbringex- anAARPanalysisofLabor latedtoLunarNewYearholi-
sincetheonsetofthecoro- nearlyninetimesthatof perienceandexpertisegained Departmentdata.Thatwas days.China’sindustrialsectorled
naviruspandemic,raising thoseage30-39,according 40.5 overmanyyearstothework- considerablylongerthanfor itseconomicrecoveryfromthe
theprospectthatmanyof totheCentersforDisease place,saidMs.Ghilarducci. theunemployedasawhole, coronavirusshockslastyear,but
theseAmericansmayhave ControlandPrevention. 40.0 “Pushingolderpeopleoutof whoseaverageunemploy- factoryproductionlastmonth
permanentlyleftthework- Manyoftheseworkersap- thelaborforcebeforethey’re mentspellinFebruarywas posteditsslowestrateofexpan-
force,potentiallyimpairing peartohaveretiredandthus 39.5 ready,youlosealotofthe 27.2weeks. sioninninemonths.
futureeconomicgrowth. maynotreturnevenwhen nation’sresource.” Meanwhile,amongtheun- Thursday:U.S.applications
Thelaborforceparticipa- thepublic-healthcrisisis 39.0 Ms.Ghilarducciadded employedrespondentstoa forunemploymentbenefitsfell
tionrate—theproportionof over.Theproportionofthe thatsomeoftheseolder recentAARPsurveyofadults totheirlowestlevelofthepan-
thepopulationworkingor working-agepopulationnot 38.5 workersmayhavehadlittle age40-65,morethanhalf demicinmid-March,atrendex-
seekingwork—forAmericans intheworkforceduetore- savings,andretirement wereworriedthattheirage pectedtocontinueasstronger
age55andolderhasfallen tirementroseto19.3%inthe 38.0 couldforcethemtoturnto wouldlimitjob-findingop- hiringandanotherroundofgov-
from40.3%inFebruaryof fourthquarterof2020from 2017 ’20 thesocialsafetynet,suchas portunities. ernmentstimulusdriveaneco-
2020to38.3%thisFebru- 18.5%ayearearlier,justbe- Medicaidandelderlyassis- T nomicrevival.Economistsesti-
ary—representingalossof forethepandemic,according Note:Seasonallyadjusted tanceprograms.Joblosses hegoodnewsisthat mateafreshpandemiclowfor
1.45millionpeoplefromthe togovernmentdatacompiled Source:LaborDepartmentviaFederalReserve duringthepandemichave withavaccine-driven joblessclaimsintheweekended
laborforce. bytheFederalReserveBank beenconcentratedinlow- reopeningandfiscal March27,thoughweeklyfigures
Theparticipationrateini- ofPhiladelphia. nomicexpansionfollowing wageindustries.Lessthan stimulusexpectedtoboost haveprovedvolatile.
tiallyfellmuchmorefor Thatisroughly2.4million the2007-2009recession. 40%offamiliesinthebot- growthtoitsfastestthis TheInstituteforSupplyMan-
prime-ageworkers,thosebe- workerswholeftthelabor Thecurrentdeclineises- tomhalfoftheU.S.income yearsincethe1980s,job agement’sMarchsurveyofpur-
tweenages25and54,from forceduetoretirementsince peciallyworrisomebecause distributionareinvestedina prospectscouldbrightenfor chasingmanagersatU.S.facto-
82.9%inFebruarylastyear thepandemic’sonset,more itcomesasanagingpopula- retirementplan,accordingto olderworkerswhohaven’t riesisexpectedtoshowanother
to79.8%inApril,buthas thandoublethenumberwho tionhasalreadybeenhold- FederalReservedatacover- yetretired. solidmonthforneworders,out-
sincejumped1.3points,to didsoin2019,accordingto ingdowngrowthintheU.S. ing2019,themostrecent SusanWeinstock,vice putandemployment.Manufactur-
81.1%inFebruaryofthis Ms.Boussour’sanalysis. laborforce.Economicoutput available. presidentoffinancialresil- ingwasquicktoreboundfrom
year.Bycontrast,participa- “Historically,thelikeli- dependsonthenumberof “Ifyoudon’tgetpeopleto ienceprogrammingatAARP, lastspring’sseveredownturn,
tionforolderworkershas hoodofseeingworkerswho workersandhowproductive acomfortableretirement, saidshehadrecentlybeen helpedalongbystrongdemand
shownnoreboundfromlast decidedtoretirecomeback eachworkeris.Thus,thede- theninsteadofhavingthem hearingmorefromemploy- forgoods.Thedownside:supply-
spring. intothelaborforceisquite clineinparticipation,ifnot bestable,you’regoingto ersexpressinginterestin chainbottlenecks,increasingdeliv-
LydiaBoussour,leadU.S. low,”shesaid.“Sowedo reversed,couldweighon havethembethemostvul- hiringolderworkers, erytimesandrisinginputprices.
economistatOxfordEco- thinkthatsomeofthedrop growth. nerableinsociety,”Ms. whereasthathadn’tbeenthe Friday:U.S.employersareex-
K
nomics,saidtheunique intheparticipationratewith D Ghilarduccisaid. caseearlierinthepandemic. pectedtohaveaddedhundreds
·
healthrisktoolderpeople olderworkersislikelytore- ecliningparticipation Forolderworkerswhoare “Itfeelsdifferentfromthe ofthousandsofjobsandtheun-
duringthepandemichas mainpermanent.” couldalsoundercut outofworkbutchoosenot GreatRecession,”Ms.Wein- employmentrateisexpectedto
likelydeterredthemfromre- Theexitofolderworkers U.S.productivity,said toretire,itcantakelonger stocksaid.Thistime,“it ªticklowerinMarch.Robusthir-
joiningtheworkforcein contributedtothereversal TeresaGhilarducci,aprofes- tofindworkthantheiryoun- wasn’ttheeconomythatfe¬ll ingwouldbeasigntheeconomy
greaternumbers.Public- ofgainsintheoveralllabor sorofeconomicsattheNew gercounterparts.Theaver- offthecliffbecauseofother continuestoheal.ButtheU.S.
healthofficialshavewarned forceparticipationratethat Schoolwhostudiesretire- agelengthofunemployment things.Itwasthepandemic,” willstillhavemillionsfewerjobs
thattheriskofsevereillness occurredduringtheeco- mentissues. forworkersage55to64was shesaid. ­ thanitdidbeforethepandemic.
I
Wage Floor of $15 Is Seen as an Oªbstac=le for Teens
~ £
BYALLISONPRANG ¬ ±
Raisingthefederalminimum ³
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the employment challenges ª
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BudgetOfficehassaidinstud- NicholasKellogg,aboveleft,worksparttimeinretail.Aboveright,teenworkersataBuffaloWings&RingsrestaurantinMilford,Ohio.
ies.Butitalsohasfoundabout ­
1.4millionworkerswouldlose employmentremainedelevated toaffordtohireunskilledand have to start paying more, economist at the Federal Re- setts’s $13.50-an-hour mini-
their jobs over the next four at13.9%inFebruarycompared inexperienced workers,” Mr. they’re going to start hiring serveBankofMinneapolis.She mumwageworking10hoursa
years, many of them teens. withanoveralljoblessrateof¡Masadehsaid. lesspeople,”Mr.Kelloggsaid. compared it to exercise. weekasacounselor-in-training
“Young, less-educated people 6.2%. The minimum-wage pro- The proposed minimum- “There’ssomethingaboutbeing at St. Stephen’s Youth Pro-
wouldaccountforadispropor- Some businesses sJay a posal pending in Congress wageincreasewouldcomeata connectedtothelaborforce,” grams.
tionate share of those reduc- higher minimum wage for wouldphaseinminimum-wage time when a smaller share of Dr.Wozniaksaid.“Youneedto Shesaidsheusesherpayto
tions,”itsaidinaFebruaryre- teens could affect¬staffing increases,startingwithanin- teensareworkingthaninthe have a structure, you need to relylessonhermother,asin-
port on the minimum-wage plans. crease to $9.50. That means past.Lastyear,34.5%of16-to haveobligations.” gleparent.Sheissavingfora
proposal. NaderMasadeh,chiefexecu- teenswouldn’tfacea$15mini- 19-year-oldsworkedorsought Whilethefederalminimum new computer and pays her
­
Teens saw much higher tive of Ohio-based restaurant mumwageforafewyears. employmentversusmorethan wage hasn’t changed since own phone bill. She also is
rates of unemployment than chain Buffalo Wings & Rings, NicholasKellogg,an18-year- half in 1980, according to the 2009, 29 states have set a working on redecorating her
the overall workforce during said te¬ens are around 25% of old in Des Peres, Mo., works LaborDepartment. higher level, and in eight the room.Themoneyshemakesat
the pandemic. The unemploy- the restaurants’ staff. Should part time at clothing retailer Shouldteensstruggletofind minimum wage is slated to work also has allowed her to
mentrateforthosebetween16 thefederalminimumwagego PacSun.Hesaidwhilehewould jobs with a higher minimum reach$15anhourinthecom- treat her mother to a takeout
and19hitalmost32%inApril =up,hesaidhisfirststepwould liketoearnmore,heexpectsa wage, they could miss out on ing years. Those higher pay dinner.
2020—morethandoubleapan- betoincreasemenuprices.If higher minimum will make it an opportunity to gain work- floorshavedeliveredraisesto “I feel like I can give her a
demic peak for an overall un- hehastocutstaff,teenswould harder for other teens to join placeskills. someyoungworkers. helping hand by not being so
employmentrateof14.8%.Both beletgofirst,headded. theworkforce. “Experience is valuable,” NelyVargas,an18-year-old dependentonher,” Ms.Vargas
rateshaveeased,butteenun- “Employerswillnotbeable “If companies are going to said Abigail Wozniak, a Ph.D. in Boston, earns Massachu- said.
Fund CORRECTIONS (cid:2) AMPLIFICATIONS
didn’trespondtorequestsfor individual investors upended the year through March 22,
comment. hedgefunds’shortbetsagainst with the launch earlier this
Sparks Accordingtopeoplefamiliar thecompanies.Here,though,a monthofitsnewParamount+
withthefund,thehighlylever- majoractorinsupportingcom- streamingservicecontributing A photo with a Page One Notice to readers
aged Archegos took big, con- panies’sharepricesappearsto to gains. Discovery also re- article Friday about the Suez Wall Street Journal staff
Selloff centrated positions in compa- havebeenundonebyhiscon- cently launched a streaming Canalshowedanexcavatorbe- membersareworkingremotely
nies and held some positions tinuingtoaddtoleveragedbets service, which analysts said ingusedineffortstodislodge during the pandemic. For the
via swaps, contracts brokered as markets soared, a strategy buttresseditsstockprice. a container ship blocking the foreseeablefuture,pleasesend
byWallStreetbanksthatallow that fell apart when some of Still, ViacomCBS stock at waterway. The caption incor- reader comments only by
a user to take on the profits thosebetsstartedtoreverseon timesroseevenasthebroader rectly identified the machine emailorphone,usingthecon-
ContinuedfromPageOne and losses of a portfolio of him. marketfelltheweekofMarch asabackhoe. tactsbelow,notviaU.S.Mail.
ber2008.Andapunishingday- stocks or other assets in ex- Mr. Hwang’s strategy began 15, leading some traders to
long selloff for ViacomCBS changeforafee. backfiringinrecentweeksasthe speculateaViacomCBSinvestor
ReaderscanalertTheWallStreetJournaltoanyerrorsinnewsarticlesby
continued,asthesharesdropped The use of swaps allowed stock price of companies wasproppingupitspriceand [email protected].
$18.12,or27%,thelargestper- Mr.Hwangtomaintainhisano- Archegos had significant expo- tryingtosqueezeshortsellers.
centagedecreaseonrecord,ac- nymity,evenasArchegoswas sureto,includinginChinaInter- Inashortsqueeze,shortsellers
cording to Dow Jones Market estimatedtohavehadexposure netsearchgiantBaiduInc.and are forced to buy back shares THEWALLSTREETJOURNAL
Datagoingbackto1990 totheeconomicsofmorethan Farfetch, began to sell off. to close out their losing bets, (USPS664-880)(EasternEditionISSN0099-9660)
Shares of a U.S.-listed Chi- 10% of multiple companies’ Baidu’sstockpricerosesharply pushing prices sharply higher (CentralEditionISSN1092-0935)(WesternEditionISSN0193-2241)
neseentertainmentcompany,iQ- shares.Investorsholdingmore inFebruary,butbymid-March, intheprocess. Editorialandpublicationheadquarters:
1211AvenueoftheAmericas,NewYork,N.Y.10036
IYIInc.,alsosoldinblocktrades than10%ofacompany’ssecuri- its shares had dropped more Similarly,GSX’sresilientstock
Fridayaspartoftheunwinding, tiesaredeemedtobecompany than20%fromitshighs. pricedespiteheavyattacksfrom PublisheddailyexceptSundaysandgenerallegalholidays.
PeriodicalspostagepaidatNewYork,N.Y.,andothermailingoffices.
fell13%to$17.43. insidersandaresubjecttoad- Farfetch’s stock followed a activistshortsellersandanin-
Postmaster:SendaddresschangestoTheWallStreetJournal,
Discovery released a state- ditionalregulationsarounddis- similartrajectory,droppingmore vestigationbytheSecuritiesand
200BurnettRd.,Chicopee,MA01020.
mentinresponsetotheselloff closuresandprofits. than15%offitsFebruaryhighs ExchangeCommissionhadper-
AllAdvertisingpublishedinTheWallStreetJournalissubjecttotheapplicableratecard,
on Friday reaffirming its guid- Stock blocks sold Friday byMarch. plexedhedgefundsshortingthe
copiesofwhichareavailablefromtheAdvertisingServicesDepartment,DowJones&Co.
ancetoWallStreet. amounted to 10% or more of The announcement of addi- stock. Goldman and Morgan Inc.,1211AvenueoftheAmericas,NewYork,N.Y.10036.TheJournalreservestheright
The losses mark the latest sharesoutstandingincompanies tionalfinancingbyViacomCBS StanleyonFridaysoldatotalof nottoacceptanadvertiser’sorder.Onlypublicationofanadvertisementshallconstitute
publicsetbackforthepublicity- includingonlineluxuryretailer earlylastweekputfurtherstress nearly33millionsharesofGSX finalacceptanceoftheadvertiser’sorder.
shy Mr. Hwang, whose prior Farfetch Ltd. and New York- onArchegos,saidpeoplefamil- inblocktrades,traderssaid. LetterstotheEditor:Fax:[phone];email:[email protected]
firm, Tiger Asia Management listedChinesetutoringcompany iarwiththematter,withnewsof MultiplebanksincludingGold- Needassistancewithyoursubscription?
LLC,in2012pleadedguiltytoa GSXTecheduInc. thedealsparkingaslideinthe man,MorganStanley,Deutsche, Byweb:customercenter.wsj.com;Byemail:[email protected]
Byphone:1-800-JOURNAL(1-800-568-7625)
criminalfraudcharge.TigerAsia Theepisodereignitesdebate sharesandaddingtoArchegos’s CreditSuisseGroupAG,andUBS
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curities regulators that it en- The dynamics are reminis- someofitspositioninViacom- processeditstradesandlentit WSJbackissuesandframedpages:wsjshop.com
gagedininsidertradingofChi- centofthemarketupheavalin CBS to try to offset its losses, cashandsecurities.
Ournewspapersare100%sourcedfromsustainablycertifiedmills.
nesebankstocks. late January, when meteoric addingtopressureonthestock. —GunjanBanerji,Benjamin
Mr. Hwang and Archegos’s surgesinGameStopCorp.and ViacomCBS shares had MullinandJimOberman GOTATIPFORUS?SUBMITITATWSJ.COM/TIPS
co-chiefexecutive,AndyMills, othercompaniespopularwith surged160%sincethestartof contributedtothisarticle.
wsj_20210329_a002_p2jw088000_5_a00200_1________xa2021.crop.pdf 1 29-Mar-21 06:03:54
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THEWALLSTREETJOURNAL. **** Monday,March29,2021|A3
U.S. NEWS
Migrants Put
Pressure on
Border Cities
Familiessearchingfor Surges of asylum seekers
fromCentralAmerica,whichis
safetyandabetterlife
besetbygangviolence,aren’t
strainlocalresources, new. The U.S. saw similar in- (2)
irksomebusinesses creasesin2014,2016and2019, NAL
underdifferentpresidentsand UR
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arangeofborderpolicies.This J
BYMICHELLEHACKMAN timethesituationismadeall REET
themoredifficultbythecoro- ST
MCALLEN, Texas—Parents navirus pandemic that has ALL
W
withyoungchildrenhavebeen strainedgovernmentandlocal HE
crossing into the U.S. from resources. RT
O
Mexicobythethousandseach “Thenumberofunaccompa- F
S
day,straininggovernmentre- niedminorshasrisenquickly, NA
sources and the patience of but they could easily be RDE
Á
somelocalresidentsandoffi- eclipsedbythenumberoffam- C
G.
cials in Rio Grande Valley ilies if the U.S. government A
townslikeMcAllen. startsadmittingfamiliesonan ÓNIC
R
Familiesarebeingreleased ongoing basis,” said Andrew VE
at a rapid clip into border Selee,presidentoftheMigra- AsylumseekerswaitedtobetestedforCovid-19ortoreceivetheirtestresultsinBrownsville,Texas,thismonth.
communities, which need to tionPolicyInstitute,anonpar-
test them for Covid-19 and tisanWashingtonthinktank. Covid-19asitreleasesthemin ling said that while he was
quarantinethemifnecessary. BelievingtheU.S.wouldbe Del Rio, Texas, a model offi- sympathetic to the migrants,
All along the border, and in morewelcomingunderPresi- cialssaytheywanttoexpand thecity’sreputationwasbeing
some cities a little farther dentBidenthanunderformer acrosstheborder. hurtbycoverageofthesurge.
away,localofficialsaregetting PresidentDonaldTrump,who InMcAllen,thecityhasset “Youwouldn’tknowthisis
calls:Migrantsareabouttobe campaignedagainstillegalim- upanoutdoorCovid-19testing even going on in 99% of the
droppedatbusstationsorair- migration,manyparentshave sitedowntownrunbyCatholic city,exceptatthebusstation
ports,atmigrantsheltersand madethesamecalculationas charities.Thechurchalsoruns and the respite center,” he
K
evenoccasionallyhotels. Olinda Marilín Portillo Maza- a respite center across the said. “We’re always trying to
·
Border Patrol facilities are riegos. She rafted across the street from the bus station, recruit businesses to move
soovercrowdedthat,inrecent RioGrandewithher6-year-old where Covid-19-negative mi- here, and it’s difficult to do
days,agentshavestartedtem- daughteronarecentThursday grants can stay for the nightªwithallthatnewsgoingon.”
porarily holding hundreds of evening, clambering up a re- orstopinforashowerand¬a Local business owners say
families under a bridge near motestretchofbrushherein hotmealbeforecatchingbuses theyhaveheardfromshoppers
McAllen, where migrants de- searchofaBorderPatrolagent orflightsoutofMcAllen. they are nervous to come
tained overnight are sleeping toaskforasylum. SisterNormaPime­ntel,who downtown with the migrants
onthedirt. Aviolentfather-in-lawand openedtheshelterduringthe so close by. And frustration
Thoughtherecordnumbers a stagnant economy pushed I2014 migrant surge, said she hasgrownthatCentralAmeri-
ofunaccompaniedchildrenat her to leave Guatemala City, ª hasseenbetw=een200and500 canmigrantscrossingillegally
the border have captured the she said, where she once ~ migrantst£ravelingasfamilies are being processed even as
greatestpublicattentionthus worked as a school psycholo- on any given day. “I’ve been official ports of entry remain
far,theymakeupasmallpor- gist but spent the past few through this already many closed for the pandemic,
¬ ±
tion of the migrants crossing years as a street vendor. The OlindaMarilínPortilloMazariegosandherdaughterlookfora times before,” she said. “It’s blockingfamilymembersand
theborderrightnow.Thema- election of Mr. Biden deter- BorderPatrolagentnearMission,Texas,torequestasylum.They notasbadasitwas,forexam- shoppersfromMexico.Before
jority are men looking for mined her timing, she said. camefromGuatemalaCityandcrossedtheRioGrandeonaraft. ³ple, in 2019, but I think it thepandemic,Mr.Darlingsaid,
­
work, and they are being The journey cost $8,000, and coulddefinitelyincrease.” Mexicans paid about 40% of
swiftly turned around by the Ms. Portillo Mazariegos healthemergencyordertoim- began refusing to take back The surge already hasn’t the city’s sales-tax revenue—
=
Border Patrol. Meantime, the wantedtobesureitwouldbe mediately turn back any mi- ±families with young children been easy on the city, which and some businesses have
number of migrant families worththecost. grantfamiliescaughtcrossing here at the Texas boªrder, cit- stillhasn’tbeenreimbursedin closedwithoutit.
headingtotheborderisswell- The Biden administration the border. But that task was ingalackofshelt~erspace. full for the cost of transport- —AliciaA.Caldwell
ing, threatening to become a has maintained a Trump-era mademoredifficultinthep°ast The Border Patrol has ingandcaringformigrantsin inMexicali,Mexico,
humanitariancrisis. border policy, using a public- couple of months as£Mexico started tes§ting migrants for 2019.McAllenMayorJimDar- contributedtothisarticle.
¡
Torrents of Rain Turn Dead®ly in Tennessee Chauvin Jury Set
°
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BYTALALANSARI ° To Hear Opening
­ «
At least four people died
andover130wererescuedaf- Statements Today
ter heavy rains swamped a c
swath of Tennessee and «
causedflashfloodingoverthe
weekend,authoritiessaid.
TheNationalWeatherSer- BYJACOBGERSHMAN againsthisneck.Mr.Floydap-
viceinNashvillesaidapower- ­ ANDJOEBARRETT peared to have stopped
ful storm dumped over 7 breathingforthelast3½min-
inchesofrainontheregionon InDerekChauvin’strialon utes of the more than eight
SaturdayandSunday,causing ¡ charges of murdering George minutesMr.Chauvinhadhim
creeks and streams to over- Floyd, the prosecution’s cen- pinnedpronetothegroundat
flow. The floodwaters swept J tralpieceofevidenceislikely theintersectionofacommer-
carsoffstreetsandinundated to be a video that helped ig- cialstripinsouthMinneapolis.
homesandbusinesses. ¬ nite protests and rioting in “For the prosecution the
One flooding victim, a 65- citiesacrossthecountry. key part of the case is eight
year-oldman,wassweptaway TheformerMinneapolispo- minutes and 46 seconds of
­
byhighwateraftergettingoutSS liceofficer’sstrongestdefense videotape,andtheywillbuild
ofacarthatranofftheroadPRE likely lies in the forensic and everything else around it,”
nearagolfcourse,theMetroATED ¬ medical evidence and expert saidJackRice,aveterancrim-
Nashville Police DepartmentOCI testimonythatcouldcastMr. inal defense attorney in St.
said. SS Floyd’s death as an event of Paul and former prosecutor
A
Twoadditionalvictims,de-Y/= hisownmaking. who has followed the trial
scribed as a man and aHRE As attorneys prepare to closely. “The reason it is so
P
woman,werefounddeadnearUM make opening statements to criticalisthatthevideoisob-
H
a homeless camp, NashvilleK jurorsMonday,outsidelawyers jective,thatwillbetheirargu-
R
policesaid.Afourthfatalvic-MA sayMr.Chauvin’strialisshap- ment.Youcan’tdenythetime,
tim was described by Nash- AcarcarriedawaybyfloodwatersinNashvilleendedupinacreekSunday.Atleastfourpeople ing up as a legal battle be- place,thebehavior.”
villepoliceonlyasa70-year- werekilledandmorethan130wererescuedovertheweekendasmorethan7inchesofrainfell. tween two different types of Legal experts expect Mr.
oldman. evidence that have both Chauvin’s attorney, Eric Nel-
The Nashville fire depart- fell in Nashville, the state’s Service. that flooding remained a provedeffectiveinothertrials: son,toportrayhisclientasa
ment said it rescued at least capital and largest city, was TheNationalWeatherSer- threat as water from creeks Visceralvisualsversustechni- decorated and seasoned pro-
130peoplefromautomobiles, the second-highest two-day vice said the rain had largely andstreamswouldeventually caldetails.Mr.Chauvin’sfate fessional doing a dangerous
apartmentsandhouses. totalthereonrecord,accord- subsidedbySundayafternoon, make its way to major rivers hingesonwhatthejuryfinds job and deploying a restraint
The 7 inches of rain that ing to the National Weather butauthoritiestoldresidents inthearea. mostcompellingduringatrial technique he was trained to
expectedtolastamonth. use. His opening statement
Mr. Chauvin, 44 years old, will likely try to blame Mr.
Hobbled NRA Will Lobby Against Gun Limits haspleadednotguiltytoboth Floyd’s death on his life-
second-degree murder, the threateningheartdiseaseand
crimeofunintentionallycaus- thedrugsinhissystemashe
BYJULIEBYKOWICZ Washington. NRA preoccupied by its own gun-tracingdata. ingMr.Floyd’sdeathwhileas- wasresistingarrest.
ANDMARKMAREMONT PresidentBidensaidSunday survival,wehaveauniqueop- ButtheslimDemocraticma- saultinghim,andthird-degree Mr.Chauvindoesn’tneedto
thatheispreparedtocallRe- portunitytoaddressAmerica’s jorityintheSenatemeansany murder,whichMinnesotalaw provehedidn’tkillMr.Floyd
The National Rifle Associa- publicansenatorstopressfor guncrisis,andweneedtoseize of those bills would likely be definesascausingthedeathof toavoidamurderconviction.
tion says it will aggressively legislation that would expand thatmoment,”hesaid. blockedevenifall50senators anotherthroughaneminently He could try to raise reason-
lobbyagainstfederalandstate backgroundchecks. Sen. Chris Murphy (D., intheDemocraticcaucussup- dangerousactandevincinga able doubt—the standard of
gun-control measures being Elected officials who have Conn.) said Sunday on NBC portedthem. depraved mind. For someone guilt—from the county’s offi-
consideredinthewakeofmass longsupportedthegroupstill that the NRA’s internal issues NewYorkAttorneyGeneral with no prior felony offenses cial autopsy report and the
shootingsinGeorgiaandColo- do. Mike Pompeo, a possible have given pro-gun-control LetitiaJamesfiledacivillaw- like Mr. Chauvin, Minnesota medical examiner’s own
rado, even as it remains in Republicanpresidentialcandi- lawmakers confidence. “I’ve suit in August seeking to dis- sentencing guidelines recom- words.
bankruptcyandfaceslawsuits date, cut an NRA video this gotten a lot of calls from Re- solve the NRA, alleging wide- mendasentenceof128to180 Hennepin County’s chief
andinvestigationsintoitsbusi- month that begins, “I’m Mike publicans in the Senate who spreadspendingabusesatthe months for both charges, medical examiner, Andrew
nesspractices. Pompeo, fellow NRA member don’t want to fight this fight nonprofit.TheNRAinJanuary thoughthemaximumpunish- Baker, labeled Mr. Floyd’s
Beset by inner turmoil, the andformersecretaryofstate.” any longer because the NRA’s filedforbankruptcyprotection mentishigher. death a homicide—meaning
fivemillion-membergun-rights “The NRA hasn’t lost a authorityisfading,theantigun and said it hoped to move to Mr. Chauvin also faces a that the actions of someone
grouphaslostemployeesand beat,”saidNRAspokesmanAn- violencemovement’simpactis Texas.Hearingsonkeymotions lesserchargeofsecond-degree elsecontributedtohisdying.
somefunding,anditsexpendi- drewArulanandam.“Thesim- increasing.” thatwilldeterminethecourse manslaughter.Threeotherof- ButhealsosaidMr.Floydhad
turesonlobbyingandpolitical ple fact is no other organiza- Democraticlawmakershave of the bankruptcy are sched- ficersarechargedwithaiding apotentiallyfatalleveloffen-
campaignshavedeclinedinre- tion can move the ball in renewedtheircallforuniversal uledtostartApril5. and abetting second-degree tanylinhissystem,alongwith
centyears. Congressandmovetheballin background checks and a ban The group has been racked murderinconnectionwithMr. methamphetamine.Mr.Baker
Yetmembershiphaspicked the states when it comes to onassault-styleweapons.Sen. by internal feuds since early Floyd’sdeathandareexpected said there was no anatomic
upthisyearamidacontinuing continuing to improve gun Bob Menendez (D., N.J.) and 2019. Board members have to face trial in the late sum- evidence of injury to Mr.
rise in gun purchases, with rights,huntingrightsandself- Rep. Barbara Lee (D., Calif.) raisedquestionsoverexpenses mer.Theirlawyersallsaynone Floyd’s neck or autopsy evi-
morethan1,000newdues-pay- defenselawsliketheNRA.” also reintroduced bicameral bytopofficialsincludingChief ofthemcommittedanycrime. dencethatbloodorairsupply
ingmemberssigninguponline JohnFeinblatt,presidentof legislationthatwouldimprove ExecutiveWayneLaPierre,who The bystander and body- was cut off, according to a
every day, the group says, a EverytownforGunSafety,said theBureauofAlcohol,Tobacco, hasdeniedwrongdoingbutlast camera footage show Mr. summaryofaninterviewwith
surgeitattributestothepossi- hebelievesthegungroup’sin- FirearmsandExplosives’ability yearrepaidabout$300,000re- Floyd calling for his mother, theFederalBureauofInvesti-
bility of stricter federal con- fluencehaswanedasscandals toaccessanddisclosetolocal lated to allegedly excessive gaspingforair,andgoinglimp gationandfederalprosecutors
trols from a Democratic-led have proliferated. “With the authorities gun records and travelbenefits. as Mr. Chauvin rests a knee thatwasfiledasevidence.
For personal, non-commercial use only. Do not edit, alter or reproduce. For commercial reproduction or distribution, contact Dow Jones Reprints & Licensing at [phone] or www.djreprints.com.
A4|Monday,March29,2021 P W L C 10 11 12 H T G K R F A M 1 2 3 4 5 6 7 8 9 O I X X ** THEWALLSTREETJOURNAL.
U.S. NEWS
Biden to Split Spending Plan Package to Offer
Child-Care Aid
BYTARINIPARTI
ANDJOSHUAJAMERSON
President Biden plans to BYCATHERINELUCEY demic year, many due to the
split up his next big govern- ANDTARINIPARTI pressuresofchildcareandre-
ment-spendingpushintotwo moteschooling.Women’spar-
programsandwilllayouthis WASHINGTON—President ticipation in the labor force
visionforaninfrastructure-fo- Bidenislookingtoincludeina slipped to 57%, the lowest it
cusedfirstproposal,including multitrillion-dollar economic hasbeensince1988,according
green-energyprograms,atan package investments in child- to an analysis of government
eventinPittsburghthisweek, and elder-care needs that his databytheNationalWomen’s
a top administration official administrationseesasbarriers Law Center. More than 2.3
saidSunday. for women in the workforce, million women have dropped
Thesecondproposal,which particularlyduringthecorona- out of the labor force during
theadministrationplanstore- viruspandemic. thepandemic,comparedwith
lease in April, would focus Mr.Bidenisexpectedtoad- 1.8 million men, according to
moreonchild-careandhealth- dresswhathecallsthe“care- thereport.
care programs, among other givingeconomy”aspartofthe The $1.9 trillion Covid-19
priorities,WhiteHousepress economic recovery proposal aidpackageMr.Bidensigned
secretary Jen Psaki said on heplanstostartunveilingon into law earlier this month,
“FoxNewsSunday.” Wednesday,alongsideinvest- which included direct pay-
Atsomepointtheadminis- ments in infrastructure and mentstomostAmericansand
trationplanstoproposetaxin- theenvironment. an expansion of the child tax
creases on higher-income Plans are still in flux, peo- credit,wasseenbytheWhite
households and businesses to ple close to the discussions
help pay for the programs, said. Administration officials
thoughithasyettolayoutits said Mr. Biden’s $775 billion Millionsofwomen
tax strategy or how it will fit campaignproposaloncaregiv-
haveleftthe
together with the next two ing would likely serve as a
proposals. Ms. Psaki also left S blueprint for that section of workforceduring
W
openthepossibilitythatboth NE theplan. thepandemicyear.
elements of the president’s G Thecampaignproposalin-
R
spending plans could be pur- BE cluded free prekindergarten
M
suedinonelegislativepackage. OO for all 3- and 4-year-olds,
Mr.Biden,askedSundayif S/BL child-caretaxcreditsforlow-
both his proposals would RRI and middle-income families, House as a first step to help
O
movethroughCongressasone M subsidiesforchild-careandaf- womenandfamilies.
bill or more, told reporters AUL ter-schoolprograms,andpay AswithmanyofMr.Biden’s
P
thathehaddecidedonalegis- VID increasesforchild-carework- proposaKls,hiscaregivingplan
lative strategy for his next DA ers. Mr. Biden also called for coul·d hit resistance in the
economicpackage,buthede- RoadconstructioninSanFrancisco.Oneproposalwillcallforinvestmentininfrastructure. resourcesforelderlycare,in- Senate, which is split 50-50,
clinedtocommentfurther. cluding attempting to elimi- with Vice President Kamala
Democratssaythespending inbothparties. economiccompetitivenessbe- “They’renowcookingupyet natethewaitinglistforhomeªHarrisabletobreakties.Some
programs will help to make Some Democrats believe it hindSingapore. anotherpackagethey’regoing andcommunityservicesund¬er Democrats have argued for
theeconomymoreproductive, wouldbeeasiertogetRepubli- Therearesignsofsomepo- to call infrastructure, but it’s Medicaid. The campaign pro- changing the filibuster rule,
boosting growth and house- cansupportforinfrastructure tential GOP support in the goingtobeaTrojanhorsethat posedpayingforitbyrolling whichrequires60votestoad-
holdincomes.Republicansare investmentsinaseparatebill House.“I’mdefinitelygoingto includesmassivetaxincreases backtaxbreaksforr­eal-estate vancemostlegislation,topass
waryofwastefulspendingand and then the administration get on board with any pro- onAmericans,”Mr.McConnell investors with incomes of Mr.Biden’sagenda.
reject efforts to raise taxes. canpursueitsotherpriorities, posalthatisgoingtoprovide told Fox News last wIeek. morethan$400,000annually. SomeRepublicanswhohave
Some economists warn the including tax measures, rural broadband to my dis- “They’regoinghardlefªt.” “2020 sho=wed us many workedonchild-careandfam-
governmentriskspilingontoo through reconciliation, the trict,” said Rep.-elect Julia The multipart p~lan could things ab£out the American ilyissueswouldprefertouse
much debt, overstimulating Senateprocessthatrequiresa Letlow(R.,La.)onCBS’s“Face cost as much as $3 trillion economy and American soci- taxincentivesandgivestates
the economy and causing in- lower threshold for votes but the Nation.” Ms. Letlow said overadecade,peopleinvolved ety, but one thing it made more flexibility, rather than
¬ ±
flation.However,interestrates canbeusedonlysparingly. she would have to take a in the discussions said last crystalclearisthatwithouta authorize new federal spend-
and inflation are low, which “IwillsaythatIdon’tthink closer look at the infrastruc- week. Republicans will likely care economy, it makes it re- ing.
has left administration offi- Republicans in this country ture bill before deciding balk at the price tag of the³allydifficultforpeopletoget “Thepay-forsarewherewe
­
cialsbelievingtheyhaveroom thinkweshouldbe13thinthe whethertosupportit. new package after opposing to work,” said Heather struggle…and whether it
to maneuver to make long- world as it relates to infra- However, Senate Minority thecoronavirusreliefpackage Boushey, a member of the should be mandatory pro-
=
terminvestmentsingrowth. structure,” Ms. Psaki said. Leader Mitch McConnell (R., ±because they said it was too CouncilofEconomicAdvisers. gramsorvoluntaryprograms,”
Ms.Psakisaidthepresident “Roads, railways, rebuilding Ky.)lastweeksignaledopposi- costly. ª “Thisismakingsurethatpeo- saidSen.JoniErnst(R.,Iowa).
believesthathecangetbipar- them—that’snotapartisanis- tion,sayingtheBidenadmin- Senioradminis~trationoffi- ple have what they need so She said an example is that
°
tisan support for his infra- sue.”TheWorldEconomicFo- istrationwaslikelytostuffan cials have discussed raising theycanbeproductivemem- Democrats want to mandate
structure proposal, as some rum has ranked the U.S. 13th infrastructure bill wit£h other taxes on c§ompanies, among bersofoursociety.” paid family leave, while Re-
spending, such as restoring intheworldininfrastructure “wishlist”prioritiesforDem- other options, to offset the Millionsofwomenhaveleft publicanswanttoencourageit
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roadsandbridges,ispopular quality and second in overall ocrats. costofthespendingpackages. theworkforceduringthepan- onavoluntarybasis.
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U°.S. Won’t
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Lift Tariffs
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On China
c
«
ContinuedfromPageOne
­ surefromU.S.companieseager OL
O
tosettlethetradeconflictwith P
Beijing. RESS
¡ UnderformerPresidentDon- Y/P
R
ald Trump, a Republican, the A
J U.S. placed tariffs on about O’LE
$370 billion of goods from BILL
¬ Chinaannually,oraboutthree- KatherineTaiatherSenateconfirmationhearinginFebruary.
quarters of its exports to the
U.S.byvalue,aspartofatrade bigexporters,hasassembleda PresidentMyronBrilliantsaid
­
waraimedatgettingChinato coalition of three dozen trade hewantsafulsomeagendafor
drop trade barriers. China re- associationstopressfortariff tradeliberalization.
¬ taliatedwithtariffson$110bil- repeal. “That vision is still forth-
lion of U.S. goods—an even “Highertariffsalone,hastily coming,”hesaid.
higherpercentageofwhatthe imposedwithoutcarefulanaly- AFL-CIO chief economist
= U.S.exportstoChina. sis, have been ineffective in WilliamSpriggssaidheislook-
The tariffs have remained, promptingChinatoreformits ingforfundamentalreorienta-
eventhoughtheU.S.andChina practiceswhilecausingserious tionoftradeawayfromacor-
signed a 2020 accord to end economicharmtoU.S.compa- porate model marked by
thetradewar,largelybecause nies,”thegroupsaid. “inside deals between highly
theU.S.wantedthemaslever- Ms. Tai acknowledged the connectedpeoplewhopaidfor
age to ensure China complied economicharmthattariffscan aseatatthetable.”
withtermsofthedeal,includ- cause but said they were im- Ms.Taisaidsheiscommit-
ing stepped-up purchases of posed “to remedy an unbal- tedtoatradepolicyfocusedon
U.S. goods and better protec- anced and unfair trade situa- workers as individuals, rather
tion of U.S. intellectual prop- tion.” than solely as consumers. In
erty. Sheindicatedsomeinterest practice, she said during her
Beijingishopingtopersuade confirmation hearing, that
the new Biden administration meansfocusingtradepolicyon
toliftthosetariffs,whichmake Ms.Taifaces jobsandwages,notonlylower
Chinesegoodsmoreexpensive prices and greater product
pressurefromU.S.
andhaveledU.S.companiesto choice.
shift some purchases to Viet- companieseagerto A fluent Mandarin speaker
nam, Mexico and other coun- who grew up in the Washing-
settletheconflict.
tries. ton, D.C., area, Ms. Tai spent
Atthesametime,Beijingis two years in China teaching
farbehindonitscommitment Englishaftercollege.Thathas
topurchaseU.S.goods. madeherasubjectofcuriosity
Onfarmproducts,especially, insuggestionsbyfreetraders inChina,wheresheisknownas
overall U.S. exports aren’t on suchasformerTreasurySecre- Dai Qi. Her given name, Qi,
tracktoreachthelevelsprom- tary Hank Paulson and the translatestoBeautifulJade.
isedunderthedeal,according Business Roundtable, a big- On Chinese social media,
toChadBown,aneconomistat businessgroup,thatliftingtar- some commentators said Ms.
thePetersonInstituteforInter- iffsshouldcomeaspartofnew Tai’sproficiencyinChineseand
nationalEconomics,whichfa- negotiations with China over knowledgeaboutChinashould
vorsfreetrade. issuesofsubsidies,state-owned makeiteasierforbothsidesto
Atherconfirmationhearing, businessesandotherstructural communicate.
Ms.Taisaidshewouldenforce issues. Others said she might turn
the trade deal, though she “Every good negotiator re- outtobeastoughonChinaas
didn’tsayhow. tainshisorherleveragetouse herpredecessor,RobertLight-
Theaccordalsocallsforthe it,”shesaid. hizer,preciselybecauseofher
USTRtomeeteverysixmonths AformerDemocraticHouse Chineseheritage.
withaChinesevicepremier,in Ways and Means Committee “This trade representative
thiscaseLiuHe.Nosessionhas staffer,Ms.Taiworkedclosely withChinesebloodhasalways
yetbeenset. withtheTrumpadministration been a woman who is not
AUSTRspokesmansaidshe innegotiatingtheU.S.-Mexico- friendly to China,” said one
conferredwith14international CanadaAgreement,anupdate March post, citing Ms. Tai’s
tradeofficialsduringherfirst of the North American Free previouslitigationagainstBei-
week in office, but she didn’t TradeAgreement. jingattheWorldTradeOrgani-
callMr.Liu. Butnowshemustjuggledif- zation.
TheNationalForeignTrade ferentdemands.U.S.Chamber —LinglingWei
Council,atradeassociationof of Commerce Executive Vice contributedtothisarticle.
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THEWALLSTREETJOURNAL. Monday,March29,2021|A5
U.S. NEWS
For Herd Immunity, Children Will Need the Shot, Too
BYBRIANNAABBOTT makeup22%oftheU.S.popula- onestudyandexpectstosubmit safetyandefficacyofvaccines
ANDJASONDOUGLAS tion, according to the Census thedatafromthatstudytothe in children that have already
Bureau’slatestprojections,and U.S.FoodandDrugAdministra- beenclearedforadultusecan
Countries are racing to im- 18%ofthepopulationoftheEu- tion in weeks. The FDA could bedonemorequicklythanthe
munizeadultsagainstCovid-19 ropeanUnion. authorizeusebythefall,Pfizer large-scalestudiesinadultsthat
andmovetowardamorenor- Drugmakers first tested Chief Executive Albert Bourla havealreadytakenplace.
malfuture.Toachievethevacci- Covid-19vaccinesinolderages. saidatTheWallStreetJournal’s Vaccines probably won’t be
nationratesthathealthauthori- Asaresult,theshotshavebeen HealthForumonTuesday. ready for use in younger chil-
ties are aiming for, the shots authorized only for the oldest Pfizer said Thursday it had drenuntilearly2022,healthex-
musteventuallyreachthearms teenagersandadultssofar. begunevaluatingitsvaccinein pertssaid.
ofchildrenandteenagers,too. TheshotfromPfizerInc.and children6monthsto11years. “Thedoseisnotsuchabig
Children aren’t going to be partnerBioNTechSEiscleared Moderna is aiming to have leaptogofromadultstoteens,”
vaccinatedforseveralmonthsat in the U.S. for people 16 and itsvaccineavailableforadoles- saidKatherineLuzuriaga,ape-
least, however, because drug- older,andvaccinesfromMod- cents before the start of the diatricinfectiousdiseasephysi-
makersarestilltestingshotsin ernaInc.andJohnson&John- 2021 school year and recently cianandtheleadinvestigatorof N’S
youngerages. sonfor18yearsandup.Avac- launchedanothertrialwithchil- Moderna’s adolescent trial at DRE
That means health authori- cinefromAstraZenecaPLCand dren as young as six months. theUniversityofMassachusetts CHIL
tiescan’tbeconfidentofsecur- the University of Oxford is in Oxfordisenrollingchildrenages Medical School site. “Once we ATI
N
ing community protection useintheU.K.andEUforages 6 to 17 years in a trial of the startgoingintotheyoungerage N
againstthevirus,knownasherd 18andover. vaccineitco-developedwithAs- groups,there’sabitmorework CINCI
immunity,untillaterthisyear Pfizerhasenrolledmorethan traZeneca. to determine the appropriate MelanieMitchell,16yearsold,getsaninjectionduringaclinical
attheearliest,becausechildren 2,000kidsfromages12to15in Clinical trials to assess the doses.” trialofaCovid-19vaccineatCincinnatiChildren’s.
under18makeupasignificant
proportion of many countries’
populations.
“We definitely need to get
kidsvaccinatedifwewanttobe
asclosetonormalaswecan,”
saidOctavioRamilo,chiefofin-
fectiousdiseasesatNationwide
Children’sHospital,inOhio.
As governments push to
movepastthepandemic,vacci-
natingchildrenisemergingasa
keyobstacle,alongwithinitially
limitedsuppliesofvaccines.
Researchers say between
70% and 85% of a population
would need to be protected
throughinfectionorvaccination
K
to achieve herd immunity, the
·
pointwhensomanypeopleare
immunethatthevirushasno- PRATT
wheretogoandeventhosewho ª
aren’timmunehaveprotection. ¬
“It’s hard to do that just in
termsofnumbersifyou’renot
going to vaccinate kids,” said INDUSTRIES ­
AdamRatner,chiefofpediatric
infectious diseases at Hassen- I
feldChildren’sHospitalinNew ª =
York. ~ £
Children and adolescents
HAS BUILT
U.S.WATCH ¬ ±
³
­
ALASKA
5 OF AMERICA’=S LAST
±
Five Dead, One Hurt ª
In Helicopter Crash ~
°
6 PAPER MILLS —
Ahelicoptercrashedin £ §
Alaska,killingfivepeopleand
¡
leavingoneinseriousbutstable
®
condition,authoritiessaid. ALL 100% RECYCLED
TheEurocopterAS50crashed °
nearButteat6:35p.m.onSat-
=
urday,theFederalAviationAd- £
°
ministrationsaidSunday.
AlaskaStateTrooperssaid ­ «
theyreceivedareportofan
overduehelicopterandtheloca-
tionofpossiblecrashdebrisSat- c
urdaynight.Arescueteamfrom «
AlaskaRescueCoordinationCen-
terwasdispatchedtothesitein
theareaofKnikGlacier,troopers
said.Theteamarrivedtofind ­
fiveoccupantsdeadandasole
survivor,whowastakentoa
hospital. ¡
TheNationalTransportation
SafetyBoardsaidaninvestiga- J
torwasheadedtothecrash
scene. ¬
—AssociatedPress
­
INDIANA
Convicted Serial Killer
¬
Dies in Hospital
Aconvictedserialkiller =
PRATT
whosevictimsincludedtwo
youngboysdiedSundayatan
Indianahospital,authoritiessaid.
JosephEdwardDuncandied
atthemedicalcenternear
INDUSTRIES
UnitedStatesPenitentiary,Terre
Haute,wherehewasondeath
row,accordingtoastatement
fromprosecutorsinRiverside
County,Calif.Duncan,58,had
beendiagnosedwithterminal
braincancer,thestatementsaid. HAS BUILT
Hewassentencedtodeathin
2008followinghisconvictionfor
thekillingof9-year-oldDylan
Groeneandthreeotherpeople
inIdaho. 5 OF AMERICA’S LAST
Followingthatconviction,
DuncanwasextraditedtoCali-
forniatobetriedforthedeath
of10-year-oldAnthonyMartinez 6 PAPER MILLS —
ofRiversideCountyin1997.He
pleadedguiltyandreceiveda
sentenceoflifeinprison.
—AssociatedPress ALL 100% RECYCLED
TEXAS
One Person Perishes
Amid Storm, Tornado
Onepersonwaskilledafter
severeweather,includingator-
nado,causeddamageinseveral
communitiesinEastTexas,au-
thoritiessaidSunday.
Widespreaddestruction
acrossPanolaCountywasre-
ported,includingdamaged
homesanddownedtrees,from
Saturdayevening’ssevere
www.prattindustries.com
weather,SheriffKevinLakesaid
inaFacebookpost.Thedeadly
stormalsodamagedhomesand
shopsinCarthage.
—AssociatedPress
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A6|Monday,March29,2021 THEWALLSTREETJOURNAL.
*****
WORLD NEWS
Shippers Reroute, See
Delays, Losses Ahead
Billionsofdollarsin Caroline Becquart, senior eastAsiatotheU.S.,hasbeen
vice president at Mediterra- sent around the southern tip
globaltradeareheldup
neanShippingCo.,oneofthe ofAfrica.
becauseofvesselthat world’slargestcontainerlines, Sea-Intelligence,aCopenha- SS
blockedSuezCanal sreasidultthineobnloecokfagthee“bisigggoeisntgditso- groeunt-ibnagssehdipdsattahagtrnoourpm,saalliydursee- ATEDPRE
ruptionstoglobaltradeinre- the Suez Canal around Africa OCI
Shipping companies re- cent years.” Amid super-tight or through the Panama Canal SS
A
routedvessels,refusedtotake capacity that started building overthelongtermwouldeffec- D/
onnewcustomersandforecast latelastyearandhaslingered tively cut the world’s con- AHE
H
long delays at ports world- throughthisyear,theaccident tainer-shipping capacity by ELS
wideevenasprogresswasre- means thatcompanies should about 6% because vessels MED
portedinpartiallyfreeingthe expect“aconstrictioninship- wouldspendmoretimesailing A
H
container ship that has been pingcapacityandequipment.” onlongervoyages. MO
blockingtheSuezCanal. A.P.Moller–MaerskA/S,the Sea-Intelligencesaidthedis- EveniftheEverGivenismoved,thebacklogofshipswaitingtopassthroughwouldlingerfordays.
world’slargestcontainervessel ruption would affect all trade
ByBenoitFaucon, operator,saidithasrerouted15 lanesascontainerlinesadjust bothinEuropeandinAsiaand
CostasParis ofitsshipsawayfromtheSuez their routes with ships at sea EverGivenMangled Finkenwerder,apleasureferry willgenerate[a]newandsig-
andJenniferSmith Canalandisturningsomenew forlongerperiods. GermanFerryin’19 mooredalongsideapontoon nificantimbalanceincontainer
clients away for now as it as- Retailers, consumer-goods alongtheElbeRiverinasuburb positioningwhileimmobilizing
By one estimate, the sessesitscapacity. companiesandmanufacturers ofHamburg,Germany.TheEver urgently needed boxes at sea
groundingoftheEverGivenis “Foreverydaythecanalre- are starting to turn to air- Given,whichhadstoppedat andatport,”hesaid.
holdingupbillionsofdollarsin mains blocked, the ripple ef- freightandalternativesuppli- Beforeslammingintothe HamburgonitswayfromChina TheSignalGroup,atanker-
globaltrade. fects on global capacity and ers as they weigh how delays bankoftheSuezCanallast toRotterdam,theNetherlands, managementfirm,estimateda
Shipping executives said equipment continues to in- willaffecttheirsupplychains. weekandtriggeringaglobal mangledtheferryandnearly two-weekshutdownoftheca-
even if the Ever Given is crease,” it told clients. Delays Supply-chain software pro- cargotrafficjam,theEverGiven pulledthepontoonfreeofthe nalwouldeffectivelyreduceca-
moved, the backlog of about and backlogs “will continue vider Blue Yonder said cus- hadanotherseriousmaritime shore. pacity for shipping crude and
320 ships waiting to pass well beyond the physical re- tomershitbythecrisisinclude accidenttwoyearsagoinGer- Nopassengerswereaboard, petroleum products by 4.4%
throughthecanalwouldlinger moval of the Ever Given,” the a U.K.-based beverage maker many. buttheferryskipperwaslightly while a four-week closure
for days, and diversions of 1,300-foot container ship that with about 170 containers of The1,300-footcontainer injured,saidLiddyOechtering,a wouldtakeout12.6%oftanker
cargo could wreak havoc on wedged itself into the canal’s finishedgoodsstuckintransit ship,operatedthenandnowby spokeswomanfortheHamburg capacity by requiring longer
port traffic around the world banks early Tuesday. Maersk betweenEuropeandAsia. TaiwanshippinggiantEvergreen PublicProsecutor’sOffice. voyagesaroundtheblockedre-
for weeks, upsetting the usu- saiditcouldn’tgiveclientsesti- Thecompanyiscalculating Group,crashedintoasmallferry TheEverGiven’sowner, gion, likely driving up freight
K
ally carefully orchestrated mated times of arrival for af- whether “if there are two in2019,triggeringacriminal Japan’sShoeiKisenKaishaLtd., ratesfortheoilsector.
·
management of the world’s fectedships. weeksofdelay,isthatenough probe,whichdidn’tfindfault anditsoperator,Evergreen, Rerouting away from the
containers. Germany’sHapag-LloydAG inventorystockinthedestina- withthebiggership’scaptain. didn’trespondtoarequestfor SuezCanalintensifiedoverthe
ThecanalconnectstheMed- saidinaclientnotethatnine tionsupplychain,wherethey OnFeb.9,2019,theEver comment. ªweekendasmoreshipperslost
iterranean and Red Seas and of its ships had been affected can prioritize their highest- Givenranintothe75-foot —BenoitFauco¬n hopesofaquickresolution.Ini-
accountsforasmuchas13%of andanothersixhavebeensent levelcustomers?”saidHiman- tialdiversionsaroundthewa-
seabornetradeandabout10% aroundthesoutherntipofAf- shu Mehrotra, principal solu- terwayinvolvedcontainerships
ofmaritimeshipmentsofoil. rica. Three of the diverted tionsadviserforBlueYonder. minimum,”Mr.Mehrotrasaid. istight,however,lim­itingop- andtankersthatwerestillfar
Allianz, the German insur- ships were on Asia-to-Europe Another customer, which “They really can’t wait. They tionsformanyshippers. away—typically sailing in the
ance giant, estimated the routesandanotherthreewere makes medical devices, is areschedulingmoreflightsIand “Besidecosts,themaindiffi- AtlanticontheirwaytoGibral-
blockage could reduce global sailing between Asia and the checkingwithsupplierstosee thenifthingsopenupthªeywill culty is to acc=ess capacity on tartoentertheMediterranean.
tradebyasmuchas$10billion U.S. East Coast. More diver- ifmorecomponentsareavail- cancel.” ~ shortnotic£einaperiodwhich But now, container ships that
a week. It figured for every sionsareintheworks. able to be shipped by air in EricMartin-Neuville,execu- was already highly con- are nearing the Red Sea also
week the canal was immobi- ChinaCoscoShippingsaid placeofgoodsthatmaybetied tive vice president of freight strained,”hesaid.“Thecurrent are abruptly changing course
¬ ±
lized,itcouldshave0.2to0.4 10ofitsvesselsareblockedby uponships. forwardingatFrance-basedlo- crisiswillgenerateanewlevel togosoutharoundAfrica.
percentage point off annual the closure. Its Cosco Excel- “Theyareschedulingahead gistics provider Geodis SA, ofchaosontheschedules,con- —PaulPage
tradegrowth. lence,onavoyagefromSouth- of time to airfreight the bare saidrailandairfreightcapacity³gestion in the arrival ports contributedtothisarticle.
­
Insurers
=
±
ª
~ Face Host
°
£ §
Of Claims
¡
®
° On Delays
=
£
°
­ « BYLESLIESCISM
ANDBENOITFAUCON
c Morethan$3billionofin-
« suranceisinplaceforliability
claims against the owner of
thecontainershipEverGiven,
officials with its insurance
­ programsaid.
It is unclear whether that
willbeenoughtocoverlosses
¡ that are likely to be claimed
by some of the hundreds of
J ships in the canal, plus the
owners of the cargo they are
¬ carrying, from the days the
Suez Canal was blocked, in-
dustryexecutivessaid.
­
Cargo-delivery delays are
where a lot of the economic
¬ damagewouldbeexpectedif
thecriticalwaterwaydoesn’t
soon open up again to traf-
= fic.
Delayed shipments could
result in manufacturers’ not
S
REUTER rseecmebivlyinglinpeasrtosrnreeetdaeilderfso’rnaost-
NY/ gettingspringmerchandisein
A
H timetostockshelves.
G
EL Atthesametime,shipown-
BD ers who anticipated using
A
MED their vessels for other cargo
A loadslosethatopportunityas
H
MO theysitinthecanal.
ShipsandboatswaitedonSundayattheentrancetotheSuezCanal.ThecanalhasbeenblockedbythecontainershipEverGiven,whichwaspartiallyfreedMonday. Some ship and cargo own-
Rescuers erscouldendupfilingclaims
army takeover that brought unspecifiedassistancetoclear lightenedbytakingofffueland gating the crash. They are with both their own insurers
himtopower.Aboominreve- thewaterway. ballast water and possibly by joined by the ship’s owner, andEverGiven’sinsurer—and
Partially nue hasn’t materialized, test- Tohelpremovethebacklog removing its roughly 20,000 Japan’sShoeiKisenKaishaLtd., ultimatelysuingthecontainer
inghisrule. of vessels in the Red Sea and containerswithhelicopters. andclaimsadjustersforinter- ship’sowner—toreceivecom-
Those involved in the res- theMediterranean,theSuezCa- Early Friday, the Ever nationalinsurance. pensation.
Free Ship cue effort predicted that the nalAuthorityisexpectedtotry Greet—a sister ship to the People involved in the in- Atotalof$3.1billionofli-
process could take several toincreasethenumberofships Ever Given—was steered to- vestigation, still in its initial ability coverage is available
daysasdredgersworkedtore- movingthroughthewaterway. wardthatroute,accordingto stages,havesaiditisfocusing to the ship’s owner, Japan-
move hundreds of thousands In normal circumstances a MarineTraffic, a shipping onasandstormandaroughly based Shoei Kisen Kaisha
of cubic feet of sand around maximum of 106 ships can tracker.Thevesselwassailing two-minuteburstofwindthat Ltd., through a longstanding
ContinuedfromPageOne theship’sbowafteritveered cross the waterway daily, ac- from China to Rotterdam in likelythrewthevesselinexora- shipping-industry program
butnotthereyet,”hesaid. intotheeastsideofthecanal cordingtotheWorldShipping the Netherlands. Shipping gi- blyoffcourse. that relies on 13 so-called
Some320vesselsarewait- during stormy weather on Council,ashippingtradebody. ant A.P. Moeller-Maersk A/S The blockage posed argu- Protection&IndemnityClubs,
ingtopassthroughthecanal. March23.Salvagersmadesig- said22ofitsshipshavebeen ablythebiggestinternational said Nick Shaw, chief execu-
If engineers are able to com- nificant progress late Friday affectedbytheblockedcanal, crisisoftheseven-yearruleof tiveoftheinternationalasso-
pletetheefforttofreetheEver aftertheymanagedtofreethe TheSuezCanal includingtwothatreroutedto Mr.Sisi,whomadean$8.5bil- ciation of those clubs, which
Givenandmoveittoaport,it rudderandturnontheship’s theCapeofGoodHope. lionexpansionofthecanalthe are not-for-profit mutual in-
accountsforsome
would relieve some of the engines, people familiar with AnalystshavesaidEuropean centerpieceofaneconomicre- surers.
growing strain on the global theoperationsaid.Effortscon- 13%ofglobal ports, such as Rotterdam and formprogram.Butthechanges A spokesman for the Club
shipping industry and transit tinued throughout the week- Antwerp, could now see con- didn’t boost state revenues in the U.K., to which Ever
maritimetrade.
ofoil,gasandconsumergoods end,withofficialssayingthat gestion as the flood of ships andtheEverGiventhreatened Given belongs, said by email,
betweenAsiaandEurope. they were quietly optimistic moves through the canal and to further disrupt vital reve- “P&I insurance would cover
Some 13% of global mari- they would succeed, in part lengthenswaitingtimestoun- nuesfromthecanal.Incomeof theshipowner’slegalliability
time trade and 10% of sea- becauseofhigherspringtides loadcargoattheirdestinations. $5.6 billion last year repre- tothecargoowners.”
borneoilshipmentstransitthe accompanying the full moon Many shipowners had al- With the canal free, focus sents less than 2% of Egypt’s Still,MarcusBaker,thein-
canal.Itwillalsoeasepressure thatbeganonSunday. readydecidedtoreroutefrom will turn to how the calamity total economic output, but is surance broker Marsh’s
on Egyptian President Abdel While European and Asian thecanalsouthtowardAfrica’s happened and who should be animportantsourceofforeign global head of marine and
FattahAlSisi,whoin2015in- companies bore the brunt of Cape of Good Hope, adding held responsible. The answer currencyforacountrywitha cargo,saidincommentingon
augurated an expanded canal the impact of the shutdown, weekstothejourneyandfuel couldhavemajorrepercussions largetradedeficit. thesituationthat“nothingis
thatwasmeanttoearnmore the closure also threatened costs.Atthestartoftherescue oninsuranceclaimsbythemul- —AmiraEl-Fekki, certain about that at this
governmentrevenueandhelp knock-on delays and costs to effort, salvagers had worried tiplepartiesinvolved.Naviga- SummerSaid,PaulPage stage,” referring to payouts
turnthepageontheupheavals U.S. importers and exporters. theeffortcouldtakeweeksas tion experts and engineers at andStephenKalin forcostsofdelaysandlitiga-
of the Arab Spring and the TheWhiteHousehadoffered the ship would need to be thecanalauthorityareinvesti- contributedtothisarticle. tion.
wsj_20210329_a006_p2jw088000_5_a00600_1________xa2021.crop.pdf 1 29-Mar-21 06:03:19
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THEWALLSTREETJOURNAL. Monday,March29,2021|A7
National Doctors’ Day is March 30
Health care
professionals,
K
·
ª
you are proof ¬
­
I
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~ £
there is no
¬ ±
³
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=
limit to±what
ª
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Thank you. This­National Doctors’ Day, and every day,
our gratitude for doctors and all health care professionals
¡
is as deep as your dedication. To say we are thankful
J
¬
for all you do would be the understatement of this
­
unprecedented year.
¬
=
uhcprovider.com/doctorsday
©2021UnitedHealthCareServices,Inc.AllRightsReserved.
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A8|Monday,March29,2021 THEWALLSTREETJOURNAL.
WORLD NEWS
Hot Housing Market Stokes Bubble Fears
Somegovernments drive younger people to put
offhavingchildren.
intervenetoprevent
InSeoul,wherehouseprices
marketoverheatingas atonepointlastyearwereup
nearly 15% on an annualized
real-estatepricessoar
basis, some couples are post-
poningregisteringmarriagesin
AstheU.S.housingmarket thehopeofmakingiteasierto
booms,aparallelriseinresi- buyhomes.Incomethresholds
dential real-estate prices for low-interest mortgages in
across the world is raising SouthKoreaaremoregenerous
fears of possible bubbles and forindividualsthancouples.
promptingsomegovernments In New Zealand, Sam Hin-
to intervene to prevent their dle, 29, says he and his wife
marketsfromoverheating. bidonsixhousesandwerere-
jectedforallofthembecause
ByMikeCherneyin of competition from other
SydneyandPatricia buyers,andeventuallyagreed
KowsmanninLisbon to buy a house off-market
fromafriend.“It’sjustbeena
Policymakerswereworried nightmare,”hesaid.
abouthighpropertypricesin Government officials re-
partsofEurope,AsiaandCan- centlytoldNewZealand’scen-
ada before the pandemic, es- tralbankthatitmustconsider
peciallyasyearsoflowinter- theimpactitspolicydecisions
estrateskeptdemandstrong. SS haveonhousing,thoughdoing
Butnowthetrillionsofdol- PRE so could complicate rate-set-
A
lars of stimulus deployed M ting.Thecentralbankalsore-
U
world-widetofighttheeffects A/Z stricted the volume of high-
ofCovid-19,alongwithchanges HU riskmortgagesbankscanoffer.
N
in buying patterns as more XI Last year, China put new
people work from home, are LEI/ limitsondeveloperfinancing
O
turbochargingmarketsfurther. GU inthehopeofcoolinghousing
Thatisputtingpolicymak- TheNewZealandgovernmentthismonthrevealedplanstocoolthecountry’shousingmarketinplaceslikeWellington,above. prices,butthemarkethasre-
ers in a bind. Many want to mainedfrothy.InearlyMarch,
keepinterestrateslowtosus- markets to cool whatone se- thechairmanofChina’smain
tainthepost-pandemicrecov- nior banking official referred FewExpectRepeat crash,whichsenttheworldinto Everett-Allen,headofinterna- bankingregulatorsaidhewas
ery,buttheyworryaboutpeo- to as a bubble, to little avail. recession,unlikely.Hotmarkets tionalresidentialresearchat worriedaboutapossiblecor-
Of2008Downturn K
pletakingontoomuchdebtto Property prices are up 16% couldcoolnaturallywithout KnightFrank. rectioninhomeprices,which
·
buyhouseswhosepricescould overthepastyearinthecity widerdamageasinterestrates Stronghome-priceapprecia- couldthreatenbanks’stability.
stagnate or fall later. Other of Shenzhen, for example. In riseandpent-updemandis tionalsomakeshomeowners Europe’s housing prices
toolstheyhavetocooldemand, New Zealand, authorities re- Inthe37wealthycountries met.AsintheU.S.,muchofthe feelwealthierandencourages ªhave kept climbing despite a
like tighter mortgage restric- cently tightened mortgage thatmakeuptheOrganization buyinggloballyisbeingdriven morespendingandconstruc- ¬ much bleaker economic out-
tions,aren’talwaysworking,or lending standards, with me- forEconomicCooperationand byrealdemandratherthan tion,asdevelopersbuildmore lookthanintheU.S.orChina.
arebeingpostponedasauthor- dianhomepricesclimbing23% Development,homepriceshita speculation,withfamilieslook- supply. In part, that is because gov-
itiestrytoensurebroadereco- in February from a year ear- recordinthethirdquarterof ingtoupgradetolargerproper- However,withequit­ies ernments have kept support-
nomicgrowthstaysontrack. liertoarecord. 2020,accordingtoOECDdata. tiesinsuburbanareasasthey pricesalsoatornearrecords, ingfamilieswithsalarysubsi-
TheDanishcentralbankre- In Sydney, where property Pricesrosealmost5%onthe workmorefromhome. Isomeofficialsareworriedthat diesandmoratoriumsonloan
cently warned that cheap fi- prices also recently hit re- year,thefastestinnearly20 “There’sbeenthisal-ª vastamountso=fstimulusare repayments.Itisalsobecause
nancing and savings that ex- cords,newmortgagedemand years. mostglobalresetas~people pushingasse£tpricestounsus- interestratesremainextraor-
panded during the pandemic issohighthatsomebanksare Economistsseesimilarsilver havetakenastepbackduring tainablelevelsinsomeglobal dinarily low, with mortgage
couldleadtopeopletakingon struggling to keep up, said liningselsewhere,makingare- lockdownperiodsandreas- cities,whichcouldleadtolocal rates averaging 1.35% across
¬ ±
moredebttopurchasehouses ChristianStevens,seniorcredit playoftheglobal2008housing sessedtheirlifestyle,”saidKate marketcorrections. theeurozone.
and property prices spiraling adviseratmortgagebrokerage Michael Stausholm, a Co-
upward. firm Shore Financial. Turn- ³ penhagen real-estate
­
“Itisclearthatrisingprices around times for processing TheDutchcentralbanktold ter a 6.9% rise in 2019, ana- period,accordingtotheCana- agent, said he has sold 45
ofbetween5%and10%annu- applications have increased The Wall Street Journal that lystsatINGGroepsaid. dianRealEstateAssociation. homes in less than three
=
ally,dependingonthemarket fromafewdaystomorethan sharpproperty-priceincreases ±Canada’scentralbankgov- Governments say they are monthsthisyear,puttinghim
we are talking about, are not amonthinsomecases. couldbeforcinghouseholdsto ernor, Tiff Macklemª, said in also worried about pricing ontracktobeatlastyear’sre-
sustainable in the long run,” “It’scrazy,”hesaid.“We’ve take on excessive risk to fi- February there ~were early morefamiliesoutofthemar- cord of 161 sales, de-
°
saidKarstenBiltoft,assistant never been this busy or seen nancehomepurchases.Prices signs of “excess exuberance” ket, which could exacerbate spiteCovid-19restrictions.
governoratthecentralbank. this much inquiry. And it in the Netherlands,£where intheCana§dianhousingmar- economic imbalances that “Alotofpeoplewanttoput
In China, regulators have doesn’t look like it’s slowing thereisalsoahousingsupply ket,withpricesup17%onan have worsened during the their money in brick,” Mr.
¡
triedtampingdownproperty downanytimesoon.” crunch,rose7.8%lastyear,af- adjustedbasisoveraone-year pandemic and potentially Stausholmsaid.
®
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THEWALLSTREETJOURNAL. Monday,March29,2021|A9
WORLD WATCH WORLD NEWS
Brazil Fights to Curb Variant
MYANMAR fiedactionstoaltertheambi-
tiousoverhaulcarriedoutunder
Protesters Return
hispredecessor.Hehassaid
After 90 Are Killed suchachangewasaimedatde-
stroyingemblematicstate-
Protestersreturnedtothe ownedfirmssuchaselectric PORTO ALEGRE, Brazil—
streetsofMyanmaronSunday utilityCFEandoilcompany Brazilisinthethroesofabat-
aftersoldiersandpolicegunned PetróleosMexicanos. tle against the new Covid-19
downatleast90peopleacross Thebill,submittedlateFriday variantfromtheAmazonthat
thecountryinthebloodiestday tothelowerhouse,seeks threatenstosendshockwaves
sincethemilitarybeganitscam- changesinthehydrocarbonslaw acrosstheglobe.
paigntocrushoppositiontolast thatwouldallowauthoritiesto
month’scoup. suspendprivatepermitsandin- ByPauloTrevisani,
AmongthosekilledSaturday tervenetemporarilyintheevent SamanthaPearson
weresixchildrenaged10to16 ofan“imminentthreattona- andLuciana
assecurityforcesopenedfirein tionalsecurity,energysecurity, Magalhaes
residentialareasandintohomes, orthenationaleconomy.”
accordingtotheAssistanceAs- —AnthonyHarrup Hometolessthan3%ofthe NAL
R
sociationforPoliticalPrisoners,a world’s population, Brazil ac- OU
J
nanodnpfraotfaitlittihesa.tmonitorsarrests IBRAeNij-iCnHgIN,ATehran Sign cdoauilnytsfgolroablamlostdeaatthhisrdoffrtohme STREET
andThveiolgernocuepargeacionrsdtepdrogtuensftierers Cooperation Accord Cvaorviiadn-t1.9,Mdorriveenthbayn t3h0e0,n0e0w0 WALL
in40locationsacrossthecoun- havedied,anddailydeathsnow HE
T
tryonSaturday,includingthe IranandChinasignedawide- top 3,000, a toll suffered only OR
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tollwaslikelyhigherthanthe U.S.attemptstoisolateIranand fighting a war,” said Andréia O
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90fatalitiesithadconfirmed. advancingTehran’slongstanding Cruz, a 42-year-old emer- MA
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outsideWesternpowers. ern Brazilian city of Porto AsurgeinCovid-19caseshasstrainedBrazilianhospitalslikeoneinPortoAlegre,above.
MEXICO ForeignministersJavadZarif Alegre.Inthepastthreeweeks
andWangYisignedonSaturday alone,thesurroundingstateof America and other unvacci- tal are from P.1, while tiny Alackadaisicalapproachto
Bill to Boost State’s
whatbothsidesbillasa“strate- Rio Grande do Sul has seen nated swaths of the globe. Uruguay, which borders Rio maskingandsocialdistancing
Role in Fuels Market gicpartnership”thatwilllastfor nearly 5,000 people die from Brazil has fully vaccinated GrandedoSul,hasseeninfec- andaslowvaccinerolloutall
25years.Thedeal,whichwas Covid-19,morethaninthefi- only1.8%ofitspopulation. tionsskyrocket. helped turn Brazil into the
MexicanPresidentAndrés fiveyearsinthemaking,was nalthreemonthsoflastyear. “Thereisarushtodeclare Researchers said prelimi- perfect breeding ground for
ManuelLópezObradorsentto signedinTehran. The spread of the virus in thispandemicisover,andit’s narystudiessuggesttheexist- variants,researcherssaid.
Congressabillthataimsto Detailsabouttheagreement Brazil threatens to turn this not,” said William Hanage, a ing vaccines being rolled out Brazilalsoowesitscurrent
boostthestate’sroleinthefu- weren’timmediatelypublished, country of 213 million into a HarvardUniversityepidemiol- acrosstheworldareeffective catastrophetoafatalcombina-
elsmarket,includingthepossi- butadraftoftheagreementcir- global public-health hazard. ogist. “I dread to think what onP.1,butfurtherstudiesare tion of what public-health ex-
bilityoftakingoveroperations culatedlastyearincludedChi- Theso-calledP.1strain,pres- willhappenwhenP.1manages needed to check if their effi- pertssaywasmismanagement
runbyprivatebusinesses,the neseinvestmentsinprojects entinmorethan20countries togetto[places]thatarenot cacyisreducedwiththenew ofthecrisisbythegovernment.
latestefforttocurtailtheopen- rangingfromnuclearenergy, and identified in New York likely to get vaccinated for variant.Thelongerthevirusis President Jair Bolsonaro
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Mr.LópezObradorhas technologyandinvestmentin as 61% more able to reinfect tal in Porto Alegre, harried facemasksandrecentlytelling
clashedwiththejudiciaryand Iran’soil-and-gasindustry. peoplethanpreviousversions doctors push aside stretchers Fearsofthenew ªBrazilianstogetbacktowork
theprivatesectorasheintensi- —SuneEngelRasmussen ofthecoronavirus,according to tend to the next patient, ¬ and“stopwhining.”
Covid-19strainhave
toarecentstudy. many of whom are forced to His health ministry has
The P.1 is now responsible sleeponchairsfordaysasthey turnedthecountry spent tens of millions of dol-
forthemajorityofnewinfec- struggleforairinthehotward. ­ larsonunprovencuresforthe
intoaglobalpariah.
tionsinBrazil,withmanydoc- “If I make any movement, diseasewhiledraggingitsfeet
torsheresayingtheyaresee- sit up or turn around,Imy onvaccine-supplydeals.
ingmoreyoungandotherwise heartracesanditgetsªhardto = Brazil’sHealthMinistrysaid
healthy patients falling ill. breathe,”saidJean~neSilva,a £ itisdoingeverythingpossible
About 30% of people dying 30-year-old asthma sufferer. the higher the chance that to speed up vaccinations and
fromCovid-19arenowunder Shegrimacedwithpainasshe even more aggressive strains hassecured562milliondoses
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60,comparedwithanaverage shiftedinthearmchairshehad mayemerge,threateningvac- to be delivered this year. But
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DP previous peak between June oxygen­tubesconnectedtoher³U.S.andelsewhere. started, Brazil’s vaccination
ATE andAugust,accordingtooffi- nose.“I’mscared,”shesaid. Further alarming research- campaignhasn’tbeenenough,
OCI cial figures analyzed by The Brazilhasbecomeaglobal ers,theP.1variantitselfhasalso public-healthexpertssaid.
ASS WallStreetJournal. ±pariahasscoresofnatio=nsim- alreadystartedtomutate,show- “Thegreatesthumanitarian
ND/ Public health researchers poserestrictionsonªtravelers ingchangesthatcouldmakeit tragedyinthehistoryofBrazil
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itsdigitalisation. capableofsupportingmassiveflows:wewillsupplythem.
Wearethepioneersoftheelectrificationofthefuture.WeareNexans.
For personal, non-commercial use only. Do not edit, alter or reproduce. For commercial reproduction or distribution, contact Dow Jones Reprints & Licensing at [phone] or www.djreprints.com.
A10|Monday,March29,2021 THEWALLSTREETJOURNAL.
FROM PAGE ONE
Victims’
saged him to call for help
when the shots broke out.
Lonely Whenhearrived,hefoundhis
wife’s body and thought she
had fainted. She still felt
Lives warm,hesaid.Whennoemer-
OLEE hgeelnpcywitrheshpiosnCdPeRrsatrteumshpetds,htoe
H
NG realizedshemightbedead.
A
W “IshouldgobacktoKorea,”
G
ContinuedfromPageOne AL; hesaid.“Ihavesomanymem-
“Ihadnoonetoleanonbut RN orieshere…Igoanywhere,and
U
my wife,” said Gwangho Lee, JO Ithinkofher.”
the husband of Soon Chung REET Ms. Tan, the Chinese-born
Park, who was killed at Gold ST proprietorofYoungs,whowas
Spa.Mr.Leeisarecentimmi- ALL alsoknownasEmily,movedto
grant himself and had previ- W the U.S. after marrying in
ouslystruggledtofindwork. THE 2004 an American citizen,
R
At least two of the Asian FO who adopted her then-teen-
womenhadmarriedAmerican ON aged daughter. They later di-
O
men, then strove to support Y vorced.
H
themselves when the mar- NA Ms.Tansignedtheleasein
N
riagesended.Somehadmoved HA 2017 on the store where she
several times seeking work. OP: died,aftertryingherhandat
T
Most were mothers. Some of M businessventuresincludinga
O
their American-born children FR nail salon, according to real-
knew little of their mothers’ SE estaterecordsandinterviews
WI
earlylives.Fewhadtiestothe K with friends. In a post for an
tightknit Korean-American CLOC onlinefundraiser,her29-year-
communityinAtlanta. ThesonsofshootingvictimYongAeYueholdaphotooftheirmother,above.Bottomleft,XiaojieTan,alsocalledEmily,ather olddaughter,YingTan“Jami”
People of Asian descent in daughter’sUniversityofGeorgiagraduation.Bottomright,SoonChungPark,whodiedintheshooting,withhusbandGwanghoLee. Webb, said her mom was pe-
theU.S.enjoythehighestme- tite, fierce and “a feminist
dianannualhouseholdincome withoutmeaningtobe.”
of any racial or ethnic cate- “Shewasalwaysworking,”
gory,atroughly$98,000,but saidGregHynson,afriendand
economicdisparitywithinthat longtime customer of Ms.
populationhasgrown,accord- Tan’s.“Whenyou’reinretail,
ingtothePewResearchCen- you rely on customers. You
ter,whichanalyzedU.S.Cen- can’t make hours. That dic-
sus data. In 1970, those of tatesyourlife.”
Asian descent in the top 10% Ms.Tanwassoproudwhen
ofincomedistributionearned her daughter graduated from
6.1timesasmuchasthosein the University of Georgia in
the bottom 10%, the lowest 2019thatshesenthimaphoto
K
disparityamongracialoreth- from the ceremony, Mr. Hyn-
·
niccategories.Thatjumpedto sonsaid.
10.7timesin2016,surpassing The handyman at Youngs,
otherracialorethniccatego- ªPaul Michels, 54, had begun
ries,accordingtoPew. ¬ workingatthespainthepast
Ontheafternoonofthekill- year and told his family they
ings,amanarrivedatYoungs would have to get massages
AsianMassage inAcworth,a ­ when they came to town, his
northern suburb of Atlanta, brotherJohnMichelssaid.The
justafter2:30p.m.,according I youngestboysofninesiblings,
tosurveillancefootage.Hesat ª = the two brothers were close,
there in his black SUV for a ~ £ sharingaloveofrollercoast-
full hour before entering the ers,coincollecting,dotingon
spa, and was inside for more survive,saidMr.Acosta. hersonsRobertPeterson,38, contesttooneofthem,while shiftsoMs.Kimcouldattend theirniecesandnephewsand
¬ ±
than an hour. Robert Aaron Assomeofficersrushedto andElliottPeterson,42,said. theotherchargewasdropped. church. freaking out their siblings by
Long, who would later be helpMr.Hernandez-Ortiz,an- “Mymomsaid,‘Theyhave Her sons said she told them Ms. Park spent part of her tossing the kids back and
charged with eight counts of other walked Mr. Gonzalez a better chance this way,’” thearrestcameafteremploy-³childhoodinSeoulandimmi- forth,hesaid.
­
murder, told police he did it from the spa and handcuffed saidElliottPeterson.“I’msure eesofherbusiness,whomshe gratedtotheU.S.asawidow, Paul Michels followed his
because he was addicted to him. He had been getting a it wasn’t an easy decision to saidshehadtrusted,haddone later bringing over her chil- brother to Georgia for a job,
=
visiting the spas for sex. The massage with his wife. The say,‘Hey,golivewithyourfa- ±illegalthings.Theyremember dren. She lived in New York, and then met his wife at an
WallStreetJournalhasn’tde- video shows authorities left therandbesuccessful.’…Itwas herbeingdistraughtªandsay- NewJerseyandthenGeorgia, Atlanta roller rink, John Mi-
termined whether sex work himhandcuffedandsittingon hardonher.” ingshehadn’tkno~wnaboutit. according to records, moving chelssaid.
°
occurredatthebusinesses. the curb in front of a patrol The boys lived with their Elliott Peterson, a retired from house to house, apart-
Inside the spa, in a row of car while they carried limp mother for three yea£rs while Armyserge§antfirstclasswho menttoapartment. Forgiveness
businessesthatincludedahair bodiesfromthespa. their father was stationed was stationed in Japan and Atonepoint,sheranajew-
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salonandrecordstore,propri- Mr. Gonzalez, Mr. Acosta overseas,theysaid.Otherwise, South Korea, said he is most elry business. She filed for Despite his grief, John Mi-
®
etorXiaojieTanwastwodays recalled,wasaskingbystand- she would send gifts and anguished by the description bankruptcy in New York in chelssaidhehascompassion
away from celebrating her ers about his wife, Ms. Yaun. money. When they did visit of°howhismotherwaskilled— 2013.In2019,shewascharged forMr.Long.Drawingondeep
50th birthday. Delaina Yaun, Inside,shewasdead. her, she would spend all her opening the door for the withtwocountsofkeepinga Catholicfaith,hesaid,hehas
=
33,anewlywedandmotherof Ms. Feng’s body was lifted timewiththem,cookingkim-£shooter. It reminded him of place of prostitution and one forgiven Mr. Long, and plans
°
two, was getting a couple’s outofYoungsAsianMassage chi stew, singing Korean bal- howshewouldwaitforhimto countofcriminaltrespass.She to mail him a letter, a rosary
massage with her husband, bytwopoliceofficersandlaid la­ds in karaoke bars« and wasconvictedofthetrespass andaBible.
MarioGonzalez.PaulMichels ontheconcrete.Heremployer, teaching them about Bud- charge and the other two Ms. Feng was known to
wasworkingasahandyman,a Ms. Tan, was loaded onto a dhism,whichshepracticed. ‘SometimesMommy chargesweredismissed. some as Coco. She had been
bid to move away from work stretcherandtakenaway.cAf- Her sons knew little about Ms. Park and Mr. Lee met workingatthespaonlyacou-
feelsalone,’ason
installing home-security sys- terafewminutes,morepara- herlifebefore«theywereborn. throughamutualfriendthree pleofmonthsandspokelittle
tems that required him to be medics put Ms. Feng on a They only recently found out recallshisshooting- years ago and bonded over English, Mr. Hynson said. On
on ladders all day, his family stretcherandtookheraway. she had been an orphan and theirloneliness,hesaid.Later, Monday, China’s Ministry of
victimmothersaying.
said. Ms. Feng, the more re- After he left the Acworth hadbeenadoptedbyafamily that bond became love, de- ForeignAffairsacknowledged
cent Chinese immigrant, had spa,Mr.Long’srampagecon- in S­outh Korea. They didn’t spite an age difference of thatoneofthevictimswasa
started working at the spa a tinuedinAtlanta,policesaid, knowwhatshedidforaliving more than 30 years. Mr. Lee Chinesenational,butdeclined
couple of months earlier, ac- wherehekilledfourwomenof whentheylivedwithher,but movedtoAtlantafromSouth to confirm her name. The
cordingtoafriend. Korean descent at Gold Spa¡said she had tried to open returnhomefromactiveduty. Koreain2015andhadpicked CherokeeCountycoronersaid
and across the street at Aro- businesses, including an ice- When he flew home, he upsomeworkpaintinghouses, that the Chinese consulate
Shots fired matherapySpa. J cream shop, and had at one wouldimagineherstandingat hesaid.HisearningsandMs. eventuallygotintouchabout
The woman killed at Aro- point worked at a grocery the door, counting down the Park’s salary from Gold Spa herbody.
Aworkerataboutiquenext matherapy was Yon¬g Ae Yue, store. She had few friends or 14-hour flight. She would covered their one-bedroom Fundraisingeffortsstarted
door, Alex Acosta, said he 63,whohadmetandmarried outings,theysaid. watch for his car to come apartmentrent,carpayments for her weren’t associated
heardgunshots.Threewomen anAmericansoldierinSouth around the corner, he said, andfood,buttherewaslittle with her family and were
­
rushed from the spa. They KoreaandmovedtotheU.S.in thenturnthestovebackonto leftover,hesaid. flagged as suspicious by Go-
Alone
didn’tspeakEnglish,buttried 1979. They split up in the reheatfoodshehadprepared. “In America, if you don’t FundMe,asitespokeswoman
tocommunicatetoMr.Acosta 1980s,¬leavingherinTexas. “Shewouldsay,‘Sometimes Across the street, at Gold workforamonth,you’dstarve said. Relatives of the other
thatamanhadbeenshooting. After the divorce, she left Mommy feels alone,’” Elliott Spa, the shooter killed Hyun to death,” he said. He had seven victims have received
When the police arrived, the hertwosonswiththeirfather, Petersonsaid.“Shedidn’tdate Jung Grant, 51, Suncha Kim, started driving for Lyft re- fundraising support and held
womenfledthearea. =based at Fort Benning, near anybody.Shedidn’tmeetany- 69, and Ms. Park, 74, whose cently, but stopped after the orplannedfunerals.TheWall
The video showed a man Columbus, Ga. She believed body.Butshesaid,‘I’mOK.’” jobwascookingandcleaning, shooting. StreetJournalcouldfindnoth-
stumblingfromthespa,then theywouldhavemoreoppor- Ms. Yue was charged with according to Ms. Park’s hus- Onthedayoftheshooting, ingplannedforMs.Feng.
collapsing next to a pillar. It tunity if they were raised by twomisdemeanorsrelatedto band, Mr. Lee, 38. Ms. Park Mr. Lee was driving to Gold —CameronMcWhirter,Jim
was Elcias Hernandez-Ortiz, an American soldier rather prostitutionin2008,courtre- worked12-hourshifts,hesaid, Spa to pick up one of Ms. ObermanandElisaCho
30,theonlyshootingvictimto than a struggling immigrant, cords show, and pleaded no sometimestakingtheSunday Park’s colleagues, who mes- contributedtothisarticle.
Vaccines
a marijuana dispensary in Dave Skena, chief market- ingmanager.Mr.Banaskyadds
WalledLake,Mich.,isoffering ing officer of Krispy Kreme, thattheparticipatingrestau-
Now Mean customers a free pre-rolled saysthechainisn’tnecessarily rantsareclosetotheMoscone
joint,withanestimatedvalue expecting people to take ad- Center,theconventioncenter
of $10, for those who show vantage of the donut offer thatisservingasamajorSan
Treats Too proofofvaccination. daily.Rather,hesays,theidea Franciscovaccinationsite,so
JerryMillen,ownerofthe is that the donut is available he expects a few customers
dispensary,sayshehasgiven tothemwhenconvenientasa might take advantage of the
away at least 6,000 joints as sometime sweet. An Original offers right after receiving
part of his “Pot for Shots” Glazed has 190 calories, the theirshot.
ContinuedfromPageOne promotion, which is being company says on its website. Up-Down,aMidwestchain
lina-basedchain,whichispart done in conjunction with the Thepromotionisaboutgiving ofarcadeswithbars,isoffer-
of JAB Holding Co. and has UBakedCannabisCompany,a people “a little pat on the ing vaccinated customers a
369locationsacrosstheU.S., marijuana processor and back,”Mr.Skenasays. deal of $5 in free tokens for
estimate the company doled grower. (Mr. Millen also con- There’salsocheesecake. gameplay.
out125,000donutstiedtothe sideredcallingthedeal“Pokes “Weneedpeopletobevac- DavidHayden,communica-
promotionduringthefirst96 forTokes.”) cinated. We need this to be tions manager for Up-Down,
hours. Mr.Millensaysheseesthe over,” says Alan Rosen, the saysthepromotion ismeant
The push to get shots in deal as part of his ongoing ACHT third-generationownerofJu- to serve as incentive to get
armshasmorphedintoakind campaign to “normalize can- SN nior’sRestaurantandBakery, people to be around some
A
of freebie frenzy, with busi- nabis,”whichwasapprovedby F a New York City-based brand other people. “We’re coming
A
nessesrangingfrommarijuana Michigan voters for recre- RICI famousforitscheesecake. outofareallyroughyear,”he
dispensaries to arcades pro- ationalusein2018. AT On Monday, March 29, the says.Up-Downhadtotempo-
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motinggiveaways.Thecompa- WilliamStevens,aresident PatriciaFasnachtgothershot,thengotherfreedonut. companybeginsofferingcus- rarilycloselocationsbecause
niessaytheideaistosupport of Sterling Heights, Mich., is tomers who have been vacci- ofpandemicrestrictions.
thecountry’svaccinationpro- rackingupthedealswhilehe Some have questioned if diet or lifestyle, you would nated a free mini cheesecake AlyciaGionet,33,aregular
gramatacriticaltimeduring can.Withhisproofofvaccina- theKrispyKremepromotionis packonanextra15poundsby at its original location in atUp-Down’slocationinOkla-
itsrollout—andifasideeffect tion,hescoredhisfreejointat sendingacontradictorymes- year’send. Brooklyn. homaCity,paidarecentvisit
isaboostforbusiness,allthe Greenhouse of Walled Lake sage, since eating too many Dr.Wenaddsthatsheisn’t Back of the House, a res- to the establishment without
better. andthispastweekhestopped donuts arguably goes against opposed to sugary fare as an taurantcompanyinSanFran- evenrealizinghervaccination
In Israel, municipalities inforafreedonutathislocal the idea of safeguarding occasional treat. “I like do- cisco, is offering vaccinated status got her the $5 bonus.
have given out free drinks, KrispyKreme. health. nuts,”shesays.Butshewould customers free fries at some Butshesaysshewashappyto
pizza and cholent, a tradi- “I know a gift when I see Dr. Leana Wen, an emer- prefertheKrispyKremeoffer ofitsSuperDuperBurgerslo- takeadvantageofit.
tionalbeefstew,asanentice- it,”hesays. gency physician and public be a one-time deal, perhaps cations and free chips and “I’mcarryingthiscardand
ment. In Dubai, some restau- Mr. Stevens, 72 years old, health professor at George withaboxofdonutsgoingto salsaatitsUnoDosTacosres- I get free tokens?” she said.
rantshaveoffereddiscountsof says he is hoping for even WashingtonUniversity,saysif anorganizationorcharityofa taurant. Ms.Gionetusedherfreeplay
upto20%forthosewhohave more with his vaccine card. you took advantage of the vaccinatedindividual’schoice “It’s a fun way to spread toperfectherskillsatoneof
receivedtheirshots. “What would really rock my KrispyKremeoffereveryday sotheycanavoidtheconstant awareness,”saysJonathanBa- her favorite arcade games,
GreenhouseofWalledLake, boatisfreegolf,”hesays. andmadenootherchangesto overindulgence. nasky,thecompany’smarket- PointBlank2.“Icrushedit.”