Claude Monet (1840-1926) was the primary inspiration for the new art movement of impressionism. Along with his contemporaries, he captured the light of nature on canvas in a unique, spontaneous and vivacious style. He painted a wide range of subjects ranging from urban scenes to his own beloved formal garden. Monet strove to capture the essence of what he saw in nature, without being constrained by formal ideas of style and substance.
I am the FIRST!!!
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Dec. 12, 2020 02:31AM EST
FDA authorizes Pfizer's coronavirus vaccine for emergency use
The Food and Drug Administration has issued an emergency use authorization for Pfizer-BioNTech's coronavirus vaccine, the agency announced on Friday night.
Why it matters: It's a major milestone in the U.S. fight against COVID-19, clearing the way for the initial rollout of a vaccine that has been found to be 95% effective with no serious side effects.
What to watch: A Department of Health and Human Services official told Axios that Operation Warp Speed is working with governors to ensure that vaccine distribution begins "within 24 hours" of the FDA's authorization.
- 636 locations equipped with ultra-cold storage capacity across all 50 states will receive about 2.9 million doses in the initial Pfizer shipment, according to Operation Warp Speed officials.
- An equal number will be held for the second dose of the vaccine, which is meant to be administered 21 days later.
- Health care workers and nursing home residents are expected to be the first to receive the vaccine.
Worth noting: An EUA is not a full approval. Rolling out the vaccine is contingent upon companies generating more data needed to support full approval, including ongoing placebo-controlled trials to understand the long-term effects.
The big picture: The U.K. became the first country to grant emergency approval to the Pfizer vaccine on Dec. 2, followed by Bahrain and Canada. The FDA will meet later this month consider granting an EUA for Moderna's vaccine, which has been found to be 94.5% effective.
By the numbers: The U.S. is the country with the most confirmed total cases, reporting more than 15 million cases and over 290,000 deaths as of Friday, according to data from Johns Hopkins University.
Go deeper: Pfizer board member confirms U.S. government turned down offer for more vaccine doses
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Sep. 17, 2020 09:30AM EST
The math of New York City's recovery
New York City is suffering its worst year in decades. The years to come, partly as a result, could be some of its very best.
- The big picture: New York, like San Francisco, entered 2020 with one overarching problem: It was far too expensive, as a place to live and work. The pandemic has fixed that problem, with both commercial and residential rents finally coming back into the realm of (relative)affordability.
By the numbers: New York has suffered more than 23,000 deaths from COVID-19, and its economic activity is projected to plunge by an astonishing 12.9% this year — a much bigger contraction than the expected national decline of 4.9%.
- Residential rents are already down about 6%, and no one thinks they've bottomed out yet, as families with children leave the metropolis for the extra space and fresh air of the suburbs.
- Commercial rents are being hit even harder, with Moody's projecting a 21% decline this year.
- Big business is warning of "widespread anxiety" in the city, along with "deteriorating conditions in commercial districts."
How it works: Cities always drive economic growth. They're machines for creativity, collaboration, and serendipity. The destruction caused by a pandemic helps to clear the way for a future resurgence.
- Remote work rests on institutional know-how built up through physical proximity: Established and experienced tend to find it relatively easy, while entry-level employees find it much harder.
- The performing arts, in particular — a longtime strength of New York — require individuals to work closely together. But that's hard when the work pays badly and rents are prohibitive.
The people leaving New York are disproportionately older, richer, more established professionals — people who need the city less.
- With property taxes still rising, most residential landlords will not be able to keep their properties empty while waiting for rents to rebound. So they will rent them out at much lower market-clearing rates, to less wealthy individuals who require less space per person.
- The math: If residential space stays constant but the number of square feet per person goes up, New York's population will end up rising, rather than falling.
- Lower rents also mean higher disposable incomes, to be spent at new local establishments that will rise where old ones were felled by the pandemic. The newer businesses will also be much less likely to cater to the rich elites.
The catch: The main driver of both new business formation and population growth in New York has historically been international immigration. So long as immigration remains suppressed, New York will suffer.
- What they're saying: "New York City has a dynamic population, with several hundred thousand people coming and going each year. This churn has long characterized the city," says a New York City government report. "This vibrancy is one aspect of what makes New York City’s population extraordinary and different from most other places in the nation and, perhaps, the world."
The bottom line: Insofar as COVID-19 increases the churn of New York City's population, that will only help it over the long term.
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Aug. 26, 2020 09:56PM EST
Podcast: Nike, Kobe Bryant and the big business of sneaker resale
Nike this week is rolling out five editions of Kobe Bryant sneakers, but few fans have been able to get them at retail price. Instead, they've been scooped up by resellers who use bots to acquire the shoes and then charge consumers hundreds of dollars extra.
Axios Re:Cap digs into the multi-billion dollar sneaker resale market with "For The Win's" Mike Sykes, who argues that Bryant's legacy is being tarnished.
Dec. 10, 2024 10:12AM EST



