US bank JP Morgan reports only $ 2.9 billion in profit

DThe largest American bank, JP Morgan, has put a lot of money on bad loans as a result of the corona crisis and reported a sharp drop in profits. Earnings fell to $ 2.9 billion in the first quarter from $ 9.2 billion a year ago, the money house said on Tuesday.

The bank thus performed significantly worse than previously expected by analysts. Because of the likelihood of a severe recession, it was necessary to postpone $ 6.8 billion for bad loans, bringing the total loan cost to $ 8.3 billion, CEO Jamie Dimon said. However, he added: “The group went into a crisis from a position of strength.” JP Morgan was well equipped with a core capital ratio of 11.5 percent and more than $ 1 trillion in liquid funds.

The economic consequences of the pandemic are also devastating in the United States. In the past few weeks, more Americans have applied for unemployment benefits than ever before in a short space of time. The government in Washington then launched over $ 1 trillion emergency programs, and the Federal Reserve launched the largest aid program in its history.

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Coronavirus, too much burden for a Lebanon already in crisis

With the country declaring its first default in March and drowning in $ 92 billion in debt, or 170% of its GDP, the coronavirus epidemic appears to be too much. If Lebanon displays rather reassuring figures concerning the spread of Covid-19, with 609 cases detected and 19 deaths according to the ministry of health, the economic situation is catastrophic.

→ LIVE. Coronavirus: the latest information in France and worldwide

Usually busy, the streets of Beirut are almost deserted, schools and universities display closed doors as well as non-essential shops and coffee shops. The airport, which has been closed since March 18, only reopened to accommodate government-organized flights to repatriate the thousands of Lebanese stranded abroad.

From March 15 and at least until April 26, the Executive led by Hassan Diab decreed the“State of health emergency” with a “General mobilization”, begging the Lebanese to remain confined to their homes. Since then, the interior ministry has toughened the tone, instituting since March 21 a night curfew, which was grafted, since the beginning of the week, a plan of alternating circulation.

Die from coronavirus rather than hunger

The first weeks, the Lebanese were surprisingly disciplined. But now, part of the population, already very affected by the economic crisis, can no longer cope. In early April, several “Hunger riots” erupted in Tripoli, the second city in the country where 57% of households were already living below the poverty line before the crisis, according to the UN. “We prefer to be carried away by the coronavirus rather than starve to death”shouted the demonstrators. In the souks of the city, most of the stalls remained open, ignoring the confinement instructions.

Desperate, some Lebanese people end up committing the worst: several people, plagued by financial worries, have tried to set themselves on fire. An unemployed worker who wanted to sell his kidney to pay his rent caused a stir. “Millions of people in Lebanon are at risk of going hungry”, warned the NGO Human Rights Watch in a statement. The impact could be just as serious for the 1.5 million Syrian refugees who fled the neighboring conflict: until then, they “Used to work in agriculture and the service sector, but are no longer able to do so”.

“Today we need international assistance more than ever”

Faced with rampant poverty which threatens a real social explosion, the executive has released 75 billion Lebanese pounds to help the most disadvantaged, in particular paying 400,000 pounds (or € 140) to 100,000 families. A makeshift dressing while the pound lost more than 50% of its value against the dollar.

→ ANALYSIS. Lebanon suffocated by banking crisis

“Today we need international assistance more than ever”, pleaded Head of State Michel Aoun on Monday April 6 at a meeting of the International Support Group in Lebanon. Aid conditional on an economic reform plan that the government is trying to finalize in an unfavorable context.

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Atomic Veterans of America – NBC Connecticut

The enemy Hank Bolden
faced did not come from a distant front line.

It came from the skies.

It’s a battle that’s still going on 65 years later. Bolden, who is now 82 years old, is an atomic veteran – one of hundreds of thousands of American service members used in human testing by the United States government during post-WWII nuclear tests and sworn to a secret life.

“They wanted to see how the living soldiers would resist the exposure
to radiation, ”recalls Bolden. “Before using live soldiers they were using
mannequins. But you don’t get real results using mannequins as you would
live bodies. “


A DIFFERENT TIME

While accompanying a friend to a New Haven recruiting station in 1953, Bolden was invited to join the army. At just 16 years old then and already out of high school, he admits that he “pulled down” his birth certificate to move to the age of 18, joining the approximately 200,000 underage soldiers who would have served during the Second World War and the eras of the Korean War.

After basic training in
Fort Dix was assigned to work as a tank mechanic in Texas before moving to Texas
California and becoming a surface-to-air missile mechanic.

Despite an executive order issued in July
26, 1948, by President Harry S. Truman to desegregate the armed forces, the last one
the all black units of the army were not abolished until 1954. And in 1955, Bolden
he says, racist attitudes persist even after the units have been racially integrated.

“The residual thoughts of people were firm
linger, “he says.” My outfit was 800 people strong. Thirteen of us were
black. Ten were from the South, who were more tolerant of treatment
they got racially. But the three of us from the North couldn’t tolerate it,
so I have had many fights over this. So I was the guy they wanted
get rid of.”

It would not be the only race
discrimination Bolden would witness as a soldier.


SECRET
ASSIGNMENT

In 1955, the seventeen year old
he was suddenly ordered to the Nevada desert without explanation.

“They don’t tell you what you’re going to face,” he said. “Nobody
they knew what they were going to face. ”

What he would eventually face was a classified operation known as Operation Teapot at the Nevada Test Site. In a series of 14 bomb throws, or “hits”, military officials tried to test the effects of nuclear bombs on structures and strategies, animals and people.

All races of military personnel
participated in the Teapot operation. But upon arrival in Nevada, Bolden was
astounded to accomplish all the other soldiers in his new specially selected unit
for a mysterious assignment they were also black.

“There was this myth about black people
be able to resist, tolerate certain things more than any other race “, he
He says. “So it was a test on that too.”


AN ATOMIC NIGHT

One morning in February, Bolden
the unit was ordered in a desert trench. Unbeknownst to them, it was excavated
the expected route of the fallout, only 2.8 miles away from what it would have become
ground zero for the launch of an atomic bomb.

Even though a countdown sounded on the speakers, Bolden says, the soldiers still had no idea what they were about to face. Without protective gear in addition to the normal fabrics and helmets, they waited and looked.

“They tell you to cover your eyes”
he says.

On February 18, 1955, Shot Wasp, the first nuclear test of Operation Teapot, detonated a Mark 6 nuclear bomb dropped by a B-36 exactly at noon. A monstrous cloud of mushrooms filled the sky, reaching 21,500 feet in height.

“With radiation, when you put your arms over your eyes or hands, you actually see the bones, you see the bones in your body from the exposure. You can see your skeleton. “

After the relapse the warning came.

“You swore not to speak
“said Bolden. The soldiers were threatened with imprisonment and fines for violation
The oath.

For 60 years, Bolden didn’t tell anyone. No this
family, not his wife, not his children. Not even her doctors when she spies on her
tumors have started to show. He developed bladder and posterior subcapsular cancer
cataract and in 1990 multiple myeloma was diagnosed.

“They actually gave me three and a half years
four years to live, ”recalls Bolden.
So in 1995 I should have been a statistic. “

But in 1995, Bolden was in remission. He is a citizen
the secret was coming to light.


HIDDEN STORY

Government figures estimate between 400,000 and 550,000 US military personnel who participated in a series of nuclear tests between 1946 and 1992. According to the Department of Defense’s Defense Threat Reduction Agency, this includes post occupation forces -Second World War of Hiroshima and Nagasaki, prisoners of war in Japan at the end of the Second World War, participants in the atmospheric nuclear tests in Nevada and the Pacific from 1945 to 1962 and participants in the underground nuclear tests in Nevada from 1951 to 1992.

Many of these “atomic veterans” have succumbed before their own
the stories have become public, their bodies are full of tumors. In
1990, the veil of secrecy began to lift.

After setting up the Advisory Committee on Human Radiation Experiments to investigate 10-year experiments, President Clinton made a formal apology to American atomic veterans on October 3, 1995. By order of the president, Congress would repeal the nuclear radiation agreement law. and secrecy, allowing atomic veterans to talk about their experiences without fear of fines or treason charges. And financial compensation has been opened to all qualified atomic veterans.

“Those who led the government when these decisions were made are no longer here to take responsibility for what they have done. They are not here to apologize to survivors, family members or their communities whose lives have been overshadowed by shadow of these choices So today, on behalf of another generation of American leaders and another generation of American citizens, the United States of America offers sincere apologies to those of our citizens who have undergone these experiments. the government is wrong, we have a moral responsibility to admit it, “said President Bill Clinton on October 3, 1995

But the television address has been obscured. The same happened
day when OJ Simpson’s verdict was issued in a live classroom feed, taking
on televisions and news cycles across America.

As a result, many skilled veterans had no idea of ​​the ban
the secrecy had been lifted, nor that they could claim benefits. Bolden no
find out until he researched the Internet, he says, in 2015.

“I was once so angry and so aggravating with the government that I thought I would be murdered to keep me from talking,” he says.

When Bolden attempted to apply for subsidies, he found that the burden of proof was placed on his fellow atomic veterans. The government would give compensation from the date a complaint was filed, but not retroactively, and only if the veteran could prove that he had participated in the tests – which proved to be an almost impossible task after millions of military documents were destroyed in a 1973 fire against the National Staff Registration Center. As many as 18 million documents were burned, including 80% of all army personnel discharged between 1912 and 1960.

“They hoped for it
would have died sooner or would have been one of those guys who surrendered ”
says Anthony Bolden, Hank’s son. “No thanks. Hank doesn’t have it.”

After paying her
own pocket for a polygraph lie detector pouch, Hank eventually claimed
approved, setting a precedent for other atomic veterans whose records were
destroyed.

Photo: Hidden story: the atomic veterans of America

Hit a high note

“The love of music has
I’ve always been there. “

After his honorable discharge
from the army, Bolden went to work as an engineer before deciding to pursue a
career as a jazz musician who works while his family grows. Tell the story
while cradling the tenor saxophone that has been at his side since 1967. The “Rolls
Royce “of tools, he says.

The brand is Selmer. IS
in a strange coincidence, the model is a 6 sign. It is the same name as the shot
Wasp atomic bomb design.

But this is where the
the similarities end. The bomb was his nightmare. Music, his dream and his
outlet to work through the trauma of what lived in Nevada
desert.

“It’s like the blood inside
my veins. It takes away all my other thoughts, “he says

Bolden is finally
he receives compensation from the government and is now using it to help make his dream come true.
He returned to school, studying jazz performances at Hartt University of Hartford
School.

“They are like the relic
here with all these kids, you know, “he chuckles.

Professor Javon Jackson
says that the 82-year-old is leaving a unique mark on the prestigious program.

“He has a lot of emotion,” says Jackson. “He is a very bluesy, very full of feeling, a natural player. His life, wisdom and the things he has acquired allow him to play the way it sounds.”

LIVING HISTORY

The vast majority of
Today, the American atomic veterans of the atmospheric test era are gone. About
400,000 veterans were present during these tests, according to the veterans
Administration. Survivors’ numbers vary, from around 10,000 to 80,000
still alive.

Bolden believes he is one of only two surviving African American atomic veterans who are recognized and receive compensation from the government. He is on a mission to reach as many survivors as possible and help them request the long-awaited recognition and compensation.

And he’s sharing his story, he says, to make sure the plight of American atomic veterans is no longer ignored.

“When people like me pass by, this won’t be part of the story unless someone makes sure it’s kept alive.”

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