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Aug. 21, 2021 01:33PM EST
Tropical Storm Henri heads for a direct hit on Long Island, with inland flood risk
Tropical Storm Henri is on track for a direct hit on southern New England as a hurricane on Sunday, likely first striking Long Island, between New York City and Montauk.
The big picture: If Henri does come ashore at hurricane intensity on Long Island, it would be the first such storm in 36 years to do so — (Irene was a tropical storm at landfall in 2011).
- As of 8 a.m. ET, Tropical Storm Henri was located about 200 miles southeast of Cape Hatteras, and moving north-northeast at 15 mph. Continued movement to the north, and then a curve northwest are predicted before landfall Sunday.
Details: Tropical Storm Henri will bring an array of potentially deadly threats, including storm surge flooding that could peak between three and five feet above normally dry ground, from Long Island (including Long Island Sound) all the way east to Nantucket.
- Henri's biggest dangers will likely be in the form of water, from coastal storm surge to inland flooding from heavy rainfall.
- The surge itself will be accompanied by pounding surf that could cause considerable beach erosion all the way east to Cape Cod.
- Storm surge warnings are in effect for the South Shore of Long Island east to Montauk Point. Such a warning is also in effect along the north shore of Long Island from Montauk Point to Flushing, N.Y., as well as parts of Cape Cod, Nantucket, Martha's Vineyard and Block Island.
- The surge warnings include northern Queens and the Bronx in New York City, due to the potential for water from Long Island Sound to be pushed west, and flooding on the south side of Long Island as well.
- The most likely areas to see the greatest storm surge damage are eastern Long Island — including the Hamptons _ and southeastern Connecticut.
- With a widespread two to four inches of rain — jumping to as much as 7 inches or more in some areas — Henri poses an especially risky scenario for inland flooding. This includes Long Island, northeastern New Jersey, much of Connecticut, western Massachusetts and upstate New York.
Threat level: It won't take much rain to instigate flash and river flooding, since the northern Mid-Atlantic and New England have been particularly wet in recent weeks. Tropical Storm Irene in 2011 demonstrated the potential for even relatively weak storms to wreak havoc inland from flooding rains.
- Storm surge impacts are likely to begin Saturday night and into early Sunday morning. Sunday is set to bring high astronomical tides due to the full moon, so the timing of landfall is crucial. If it strikes land at the time of high tide, the surge could be especially damaging.
- Hurricane warnings are in effect for central and eastern Long Island and coastal Connecticut from New Haven eastward. New York City is under a tropical storm warning for weaker, but still potentially damaging, winds.
- Hurricane conditions are forecast to begin late Saturday night or Sunday along the south coast of New England, according to the National Hurricane Center.
- Given wet soils from recent rains, even tropical storm-force winds could cause widespread power outages, particularly in southeastern New York, Connecticut and Rhode Island.
- "Confidence is increasing in damaging to destructive winds, major (life threatening) storm surge and flooding rains for LI and CT," stated the New York City office of the National Weather Service (NWS) in a Saturday morning briefing.
- "The area hasn’t seen a landfalling hurricane since Gloria in 1985, which at that time caused extensive and long duration tree damage and power outages," the NWS stated.
What's next: Tropical Storm Henri is forecast to intensify throughout the day Saturday, peaking at Category One intensity with about 80 mph maximum sustained winds by Saturday evening. Its winds are likely to weaken rapidly once the storm moves inland, but the heavy rain and flooding will persist.
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Jun. 28, 2021 08:44PM EST
Nintendo's "Smash Bros." is gaming's biggest crossover
For all the talk of "Fortnite" and its so-called metaverse of character crossovers, it is Nintendo and its "Smash Bros." fighting game series that has created the industry's biggest team of rivals.
The big picture: For "Smash," Nintendo flexes its strength as a successful video game company to rope in collaborators and occasional competitors in the service of making its own $60 game increasingly successful.
- The current vehicle for this is 2018's "Super Smash Bros. Ultimate," which on Tuesday is set to receive another addition to its roster of combatants in the form of Kazuya Mishima from Bandai Namco's fighting game series "Tekken."
- The paid update will also add crossovers with Capcom's "Devil May Cry," Microsoft/Bethesda's "Skyrim," and WayForward's "Shantae" series, all in the form of costumes for the game's most generic combatants, the doll-like Mii Fighters.
- The "Tekken" addition gives "Ultimate" a roster of fighters from 39 franchises, more than a dozen not made by Nintendo.
Epic's approach with "Fortnite" is to wedge a wide array of pop culture icons — from gaming, movies, sports, music, etc. — into a format that is ostensibly a 100-player shootout but can be used as a social space.
- That creates a multi-branded playground that can double as a marketing launch pad for any company's next game, movie, album or show.
- Epic isn't selling more copies of "Fortnite," because the game is free. Instead, it's enticing players to log back in, maybe buy a new costume but also receive these crossovers as ads.
Screenshot: Nintendo
Between the lines: "Super Smash Bros." launched on the Nintendo 64 in 1999 as a fighting game featuring many of Nintendo's most famous characters, but it has morphed into a corporate barrier-breaking rumble.
- Newer releases added characters from Sega's "Sonic The Hedgehog," Square Enix's "Final Fantasy" and "Dragon Quest," Konami's "Castlevania," and more.
- One of Nintendo's most active collaborators is rival console maker Microsoft, which supported recent crossovers with "Banjo-Kazooie" and "Minecraft."
Big companies are Nintendo's favored partners, but it has also worked with indies.
- Yacht Club Games' Shovel Knight, Toby Fox's Sans and WayForward's Shantae all appear in limited forms.
“Smash” is now also the medium’s biggest library of gaming music, thanks to aggressive additions of songs from the game’s many franchises.
- The addition of a “Tekken” character will add 39 songs from that series to the game.
- A fan wiki for “Ultimate” lists over 1,000 songs from more than three dozen series, many of which are not Nintendo’s.
What’s next: Smash Bros. producer Masahiro Sakurai said Monday that Nintendo’s efforts to add downloadable characters to “Ultimate” will end later this year with one final character.
- There’s a long list of characters fans have been begging for, including Sora from “Kingdom Hearts” and Nintendo’s own Waluigi.
- Even if a fan’s dream pick doesn’t come true, maybe their character will at least show up as a Mii costume.
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Apr. 08, 2021 09:00AM EST
The world is watching the FDA's AstraZeneca decision
AstraZeneca's coronavirus vaccine took yet another public relations hit yesterday, when the European Medicines Agency announced that the shot is linked to blood clots, and they should be listed as a "very rare" side effect of the vaccine.
What we're watching: Even before the link was announced, the U.S. didn't need the AstraZeneca vaccine, based on its existing supply of other shots. But what the Food and Drug Administration decides to do about the vaccine — if the company seeks U.S. authorization — will likely have global ramifications.
Driving the news: The EMA said the benefits of the vaccine still outweigh its risk, STAT reports. “This vaccine has proven to be highly effective to prevent severe disease and hospitalization,” said Emer Cooke, the EMA’s executive director. “And it is saving lives.”
- The U.K., however, recommended that people under 30 receive other vaccines, and other European countries have already restricted use of the vaccine to older populations.
Why it matters: The AstraZeneca vaccine has already been plagued by a series of self-imposed mishaps throughout its rollout. Even if blood clots are an exceedingly rare side effect — which experts stress they are — there's risk of further damage to the shot's reputation.
- "Very serious and very rare side-effects do occur, with essentially every medical intervention ever developed (not just vaccines)," said John Moore, a professor of microbiology and immunology at Cornell.
- "But with the spotlight on Covid-19 vaccines, the public is going to hear 'very serious' and tune out 'very rare.' So, there are going to be major perceptional and confidence problems moving forward."
The big picture: The shot is relatively cheap and easy to make, and is the main shot being used by the COVAX initiative. It's particularly important for developing countries.
- The U.S., on the other hand, doesn't need the vaccine; it has already purchased more than enough doses of other vaccines to cover its entire population.
Yes, but: What U.S. regulators say about the shot could still have global consequences, especially given its chaotic rollout.
- "Confidence in the AZ vaccine, which will be informed by the U.S. FDA position, will be critically important for global vaccine efforts," said Krishna Udayakumar, director of the Duke Global Health Innovation Center.
- "The U.S. FDA position will likely also impact what happens to the current and future U.S. supply of the AZ vaccine – even if we don’t use them, it would be helpful for the vaccine to have FDA EUA for the U.S. to confidently provide doses, via donations or loans, to other countries," he added.
What we're watching: The company hasn't yet submitted an application for emergency use authorization to the FDA, but it could do so in the coming weeks.
- If the company does seek FDA authorization, "I think it's unlikely they won't approve it, because despite this rare side effect, it’s a good vaccine," said Nahid Bhadelia, medical director of Special Pathogens Unit at Boston Medical Center.
- But even if it still authorizes the shot, it could put age parameters on eligibility.
- "The [problem] is even if authorized, the U.S. is probably going to be giving away the doses to other countries anyway, which makes the confidence impact more limited," said former FDA Commissioner Mark McClellan.
The bottom line: Finding alternatives to the AstraZeneca shot is "a real problem," Moore said.
- "The one advantage of the AstraZeneca vaccine was its low cost/high production characteristics. Perhaps [Johnson & Johnson] and Novavax can fill some of the gaps that may arise," he wrote in an email, adding that the Pfizer and Moderna vaccines are "problematic for global roll-out."
- "Otherwise, as of now, it’s the Russian and Chinese vaccines, and there remain real doubts about their safety, efficacy and production capacity for use on a global scale."
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Oct. 13, 2020 08:07PM EST
The winners of a stay-at-home economy worth trillions
The coronavirus pandemic has created a stay-at-home economy worth trillions.
The big picture: While the pandemic is killing scores of businesses that depend on office workers, it's also making way for startups and titans alike to conquer a new industry — powering our remote lives.
Why it matters: It's typically small businesses — independent restaurants and retailers in central business districts — that suffer most when workers stop going to the office. It's the already-rich tech companies and big, essential retail chains that are profiting from the remote revolution.
Look at who's hiring:
- Grocery and food delivery became wildly popular when the pandemic began, and the allure hasn't faded as people still prefer dining at home. Amazon and Walmart alone have hired several hundred thousand people since March. Instacart has made big hiring moves, too.
- Job postings at Slack, Zoom and Microsoft — all of which facilitate remote workplace collaboration — spiked early in the pandemic.
- Meanwhile, struggling restaurants and retailers continue to shed jobs, turning furloughs into layoffs.
Look at downloads and subscriptions:
- Streaming services like Netflix and Disney+ have seen strong and steady subscriber growth, and delivery app downloads surged during spring and summer lockdowns, the World Economic Forum reports.
Look at the stock market:
- Zoom's stock price has jumped 358% since the beginning of March.
- Amazon, 76%.
- Microsoft, 29%.
- Slack, 19%.
Look at which businesses are turning record profits:
- Amazon did $89 billion in sales and $5 billion in profits in the second quarter, setting company records. Look for the company to rake in big bucks during its Prime Day event today and tomorrow.
- Zoom's profit was up 3,300% year-over-year in Q2.
- By contrast, over 1 million small businesses, including at least 100,000 restaurants, have shuttered for good due to the pandemic.
What to watch: The Big Tech companies' dominance of the stay-at-home economy could become fodder in Washington's debate over whether they are monopolies, says Sally Hubbard, a former assistant attorney general in New York's antitrust bureau and the author of a new book, "Monopolies Suck."
- "This shift to work from home should be an opportunity for new companies to come in with new innovations to fill our needs," she says. And the success of Slack and Zoom are examples of that.
- But these relatively small firms are also fending off competition from the big guys, like Microsoft Teams and Google Meets, which are grabbing users by bundling their services and offering chat or video calling at no additional cost.
- "It’s a very effective tactic for eliminating competition. It’s really hard to compete with free," says Hubbard. "We’re in danger of what healthy competition we have seen going away."
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