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Releasing bank buffers to cushion the crisis - a quantitative assessment

Banks globally entered the Covid-19 crisis with roughly US$ 5 trillion of capital above their Pillar 1 regulatory requirements. The amount of additional lending will depend on how hard banks' capital is hit by the crisis, on their willingness to use the buffers and on other policy support. In an adverse stress scenario such as the savings and loan crisis, banks' usable buffers would decline to US$ 800 billion, which could support US$ 5 trillion of additional loans (6% of total loans outstanding). Yet in a severely adverse scenario, similar to the Great Financial Crisis, the corresponding figures would be only US$ 270 billion and US$ 1 trillion (1.3% of total loans).




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Luis de Guindos: Presentation of the European Central Bank Annual Report 2019 to the Committee on Economic and Monetary Affairs of the European Parliament

Introductory remarks (by videoconference) by Mr Luis de Guindos, Vice-President of the European Central Bank, to the Committee on Economic and Monetary Affairs of the European Parliament, Frankfurt am Main, 7 May 2020.




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Christine Lagarde: Opening remarks at the EUI's State of the Union event

Opening remarks by Ms Christine Lagarde, President of the European Central Bank, at the Online Edition of The State of the Union conference organised by the European University Institute, 8 May 2020.




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On the instability of banking and other financial intermediation

Are financial intermediaries inherently unstable and, if so, why? To address this, we analyse whether model economies with financial intermediation are particularly prone to multiple, cyclic or stochastic equilibria.




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Pension contributions and tax-based incentives: evidence from the TCJA

We document that corporate pension contributions respond to tax-based incentives using the 2017 Tax Cut & Jobs Act (TCJA) as a natural experiment. The TCJA cut the U.S. federal corporate tax rate, temporarily increasing contribution incentives for sponsors of defined-benefit retirement plans. We exploit cross-sectional variation in ex-ante exposure to these incentives.




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Consumer Prices Set to Fall, Mute Inflation?

Inflation pressure could be weak even after consumer demand for non-discretionary goods and services begins to grow as the economy gets back on its feet.




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The Duration Risk in Equities

Equities have rallied since 2017 and yet the expected growth in dividends has declined since then. Is the fall in long-term interest rates to be blamed?




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Gold Outshines Silver as Economics Widen Price Ratio

Gold and silver prices often move in tandem, but the gap between them widened by 31% January through April in line with a trend that began nine years ago.




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Mutual funds' performance: the role of distribution networks and bank affiliation

Bank of Italy Working Papers by Giorgio Albareto, Andrea Cardillo, Andrea Hamaui and Giuseppe Marinelli




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Spend today or spend tomorrow? The role of inflation expectations in consumer behaviour

Bank of Italy Working Papers by Concetta Rondinelli and Roberta Zizza




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Immigration and the fear of unemployment: evidence from individual perceptions in Italy

Bank of Italy Working Papers by Eleonora Porreca and Alfonso Rosolia




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Dollar invoicing, global value chains, and the business cycle dynamics of international trade

Bank for International Settlements BIS Working Papers by David Cook and Nikhil Patel




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Post-crisis international financial regulatory reforms: a primer

Bank for International Settlements BIS Working Papers by Claudio Borio, Marc Farag and Nikola Tarashev




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Inflationary household uncertainty shocks

Bank of Finland Research Discussion Papers by Gene Ambrocio




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Bonds, Currencies and Expectational Errors

Bank of Finland Research Discussion Papers by Eleonora Granziera and Markus Sihvonen




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Workers, capitalists, and the government: fiscal policy and income (re)distribution

Bank of England Working Papers by Cristiano Cantore and Lukas Freund




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Central Bank Digital Currency - Objectives, preconditions and design choices

Netherlands Bank DNB Occasional Studies by Peter Wierts and Harro Boven




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From secular stagnation to robocalypse? Implications of demographic and technological changes

Bank of Spain Working Papers by Henrique S. Basso and Juan F. Jimeno




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The impact of information laws on consumer credit access: evidence from Chile

Central Bank of Chile Working Papers by Carlos Madeira




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On the Response of Inflation and Monetary Policy to an Immigration Shock

Central Bank of Chile Working Papers by Benjamín García and Juan Guerra-Salas




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International and domestic interactions of macroprudential and monetary policies: the case of Chile

Central Bank of Chile Working Papers by Tomás Gómez, Alejandro Jara and David Moreno




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Brace Yourself for Waves of Coronavirus Infections

Here’s what we should be expecting in the war on Covid-19.




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Optional alternative grading scale implemented for spring 2020 semester

Penn State is implementing a new opt-in grading system for the spring 2020 semester that will give students flexibility, help preserve GPAs and minimize impacts to students’ transcripts during the academic challenges presented by the novel coronavirus public health crisis.




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Starve the Beast, Feed the Depression

Anti-government ideology is crippling pandemic policy.




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PROSPER Program continues to respond to families' educational needs

Penn State’s PROmoting School-community-university Partnerships to Enhance Resilience (PROSPER) project is continuing to connect and engage Pennsylvania families and keep schools informed during the COVID-19 pandemic.




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Penn State nutritionist shares tips for feeding kids while stuck at home

Balancing finicky kid appetites with proper nutrition can be a challenge in the best of times. But now, with the majority of schools and day cares closed across Pennsylvania, many parents working from home, and schedules thrown in disarray, it may seem downright impossible. A Penn State nutritionist offers tips for feeding kids during stressful times.




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Lecture series to address how to make sense of COVID-19 projections

David Dowdy, associate professor in the Department of Epidemiology at the Johns Hopkins Bloomberg School of Public Health, will deliver the presentation “Simple Principles for Interpreting Complex Models: How to Make Sense of COVID-19 Projections,” at 4 p.m. via Zoom webinar on Thursday, April 30, as the next presentation in its Dean’s Lecture Series: Perspectives on the Pandemic.




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Health administration students learn to manage rapid changes in health care

Students in Penn State’s Master of Health Administration program are learning first-hand how the skills and competencies they are acquiring in the classroom will be applied in their professional careers. A recent virtual roundtable event provided opportunities for students to learn real-world strategies from health care industry leaders that are being applied in response to the COVID-19 pandemic.




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Five Nittany Lions selected in 2020 NFL Draft

Five members of the Penn State football team were selected in this past weekend's NFL Draft, marking the third straight year that the Nittany Lions have had at least five draft picks.




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New iOS feature automatically sends medical information to emergency services



Apple's latest iOS 13.5 beta release includes a new Health app feature that allows iPhone and Apple Watch users to automatically send Medical ID information to first responders.




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Apple TV+ promotion tours 'For All Mankind's' lunar base



Stoking interest in an expected second season of Apple TV+ original "For All Mankind," Apple on Wednesday shared a virtual tour of the show's fictional Jamestown lunar base.




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Facebook SDK update reportedly caused multiple iOS apps to instantly crash



A number of popular iOS apps, including TikTok, Pinterest and Spotify, began to crash on Wednesday after an update to Facebook's SDK rolled out, software that many developers rely on to streamline the user login process.




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Apple grants $10 million to COVID-19 test collection kit manufacturer



Early Thursday morning, Apple announced it is awarding $10 million from its Advanced Manufacturing Fund plus manufacturing machinery design assistance to COVID-19 test kit collection equipment manufacturer COPAN Diagnostics.




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Home automation company Wink under fire for surprise subscription mandate



Wink customers will soon have to pay a monthly subscription fee to access any of the smart home hardware that they have purchased.




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European countries form coalition over contact tracing app concerns



Several European countries, including Switzerland and Germany, are demanding all user data generated by coronavirus contact tracing apps be stored on-device, rather than aggregated on a centralized server.




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Qualcomm CEO touts improved relationship with Apple after bitter legal dispute



Qualcomm CEO Steve Mollenkopf in an interview on Thursday said the chipmaker's relationship with Apple has greatly improved since the two companies ended a bitter legal battle over patent licensing and royalties in 2019.




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Best iTunes movie and television deals for Mother's Day weekend



Apple frequently places movies on sale, and this week is no exception. Here's the latest batch of movies that you can get on the cheap for this Mother's Day weekend.




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Apple's over-ear headphones may be called 'AirPods Studio' & retail for $349



Apple's next release in the AirPods family could be its long-rumored over-ear headphones, a leaker claims, with the larger personal audio accessory tipped to have the name "AirPods Studio."




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Answering life's big questions

After making friends at OM's English Cafe, Igor shares with them how he came from a similar background but was freed from despair when he met Jesus.




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Cincinnati auxiliary bishop resigns after failing to act on allegations

Washington, D.C. Newsroom, May 7, 2020 / 07:55 am (CNA).- Pope Francis has accepted the resignation of Bishop Joseph Binzer, Cincinnati's auxiliary bishop, who was accused in August of failing to act on allegations made against a priest. 

A statement from the Holy See press office May 7 said the pope had accepted the 65-year-old bishop’s resignation but gave no reason for the decision. 

In a statement released by the Archdiocese of Cincinnati, Archbishop Dennis Schnurr said the pope accepted Binzer’s resignation after conversations between the bishop and the Holy See. 

The archdiocese also included a brief statement from Binzer in which he said he was “deeply sorry for my role in addressing the concerns raised about Father Drew, which has had a negative impact on the trust and faith of the people of the Archdiocese of Cincinnati.”  

“In April, having studied this matter since last summer, the Holy See informed me that it agreed with this assessment. As a result, and after much prayer and reflection, I offered my resignation from the Office of Auxiliary Bishop of the Archdiocese of Cincinnati,” said Binzer. ”I believe this to be in the best interest of the archdiocese.”

Archbishop Schnurr said that although retired, Binzer will continue to serve in the archdiocese with the title of “Auxiliary Bishop Emeritus.” 

“What exactly that ministry will look like will be determined after discussions between Bishop Binzer, the Priest Personnel Board, and me,” Schnurr said. “In this difficult and unfortunate time, please keep Bishop Binzer and all the people of the archdiocese in your prayers.”

Archbishop Schnurr removed Binzer from his position as head of priest personnel in August, after CNA presented officials with its investigation into claims that Binzer failed to pass on reports that a priest had engaged in inappropriate behavior with teenage boys.

In August last year, Schnurr told CNA that “We obviously made serious mistakes in our handling of this matter, for which we are very sorry.”

While Schnurr’s public comments did not address Binzer’s role directly, senior sources in the archdiocese told CNA in August that Schnurr had “gone nuclear” when he discovered the situation.

“The archbishop was as mad as I have ever seen him. When he was told that Bishop Binzer had withheld information, well, he used words I have never heard him use before,” one senior source told CNA, saying Schnurr called Binzer’s actions a “firestorm” for the archdiocese.

In September, 2019, an archdiocesan spokesperson told CNA that Schnurr had sent a "full report to Rome on the whole case and he is waiting for the Vatican’s response,” and he expected "a full investigation” to be conducted by the Vatican.

Binzer later resigned as a member of the U.S. bishops’ conference committee for the protection of children and young people, on which he represented Region VI.

CNA reported in August last year that Binzer was told in 2013 about allegations concerning a recently suspended priest, Fr. Geoff Drew, and failed to disclose them to Cincinnati Archbishop Dennis Schnurr and other archdiocesan officials.

While the archdiocesan victims’ assistance coordinator, who reported to Binzer, was aware of the allegation, the information was not made known to the diocesan priest personnel board or Archbishop Schnurr. 

In 2015, similar allegations were again made against Drew. The matter was forwarded to Butler County officials, who determined that the activity was not criminal. Again, Binzer reported neither the complaints nor the investigation to the archbishop or informed the priest personnel board.

Sources in the archdiocesan chancery told CNA in August that Binzer met with Drew twice, was assured by him that he would reform his conduct, and considered this sufficient.

In early 2018, Drew applied for a transfer to St. Ignatius of Loyola Parish in Green Township, which is attached to the largest Catholic school in the archdiocese.

As head of priest personnel, Binzer was in charge of the process that considers requests and proposals for reassignment, in conjunction with the priest personnel board.

Neither the board nor the archbishop were made aware of the multiple complaints against Drew, and the transfer was approved.

The allegations were also reportedly not recorded by Binzer in the priest’s personnel file that would have been available to the archdiocesan personnel board as part of the process.

A month after Drew’s arrival at St. Ignatius, a parishioner at Drew’s former parish resubmitted the 2015 complaints about the priest, but this time it was also brought to the attention of Archbishop Schnurr.

Also in 2018, Binzer received an additional complaint of similarly inappropriate contact by Drew, dating to his time as a high school music teacher, before his ordination as a priest. 

Following a diocesan investigation, Drew was ordered to attend counselling with a psychologist.

On July 23, Drew was removed from ministry, when it emerged that he had sent a series of inappropriate text messages to a 17-year-old. 

Chancery sources told CNA in August that it was only after the recent incident at St. Ignatius that archdiocesan officials discovered that the otherwise undisclosed complaints about Drew had been made to Binzer, and that the auxiliary bishop had failed to report them to other diocesan officials, or raise them during the decision to approve his transfer in 2018.




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Senior nurse says prayer life is essential during COVID-19 crisis

Washington, D.C. Newsroom, May 7, 2020 / 10:48 am (CNA).- A Catholic nurse said the coronavirus pandemic has presented challenges she has never encountered before—and that a prayer life is critical to get her through her shift.

“If I don’t have my faith in me, I cannot give what I don’t have,” said Maria Arvonio, a registered nurse for almost 40 years and a board member of the National Association of Catholic Nurses. 

As the current night shift supervisor at Virtua Willingboro Medical Center in southern New Jersey—a COVID-19 “hot spot,” she says—Arvonio told CNA she and her colleagues were facing a new kind of disease.

Over the decades she has had experience treating previous diseases including the AIDS epidemic, before which nurses didn’t wear gloves. “I’m still standing—that is God,” she said.

Yet the new coronavirus pandemic is something unprecedented, she admitted. “It’s different in that it appears that no matter what we’re doing, it seems to just multiply,” she said.

As she treats COVID-19 patients, Arvonio told CNA that she leans on her prayer life to lead the team of nurses at the hospital.

“I cannot help those other nurses stand strong, if they look at me and I look afraid. Why would they want us to continue to work? I cannot show fear,” she said.

“I start my job with prayer. Before I even go into the workplace, I’ve already been either doing the rosary with someone, praying ‘Jesus, come and seal me in your most Precious Blood, Blessed Mother help me,’” Arvonio said.

Arvonio was one of several nurses to appear at the White House on Wednesday for National Nurses Day, and told President Trump of her experience treating patients in a COVID-19 “hot zone.” New Jersey has been one of the hardest-hit states by the virus, with nearly 132,000 confirmed cases and more than 8,500 deaths.

Treating the person, and not just the sickness, is part of the mission of nurses, she said at the event. “It’s not just our science, it’s our compassion.”

In an interview with CNA after her White House appearance, Arvonio said she pressed an official close to the President on the need for the administration to push for more access to COVID patients by hospital chaplains.

The U.S. Centers for Disease Control has reportedly been working on guidelines for restarting religious services as states begin to loosen stay-at-home restrictions. CNA reported that on April 28 and 29, officials from the White House domestic policy council and the CDC had discussed the matter with four Catholic bishops who are resuming public Masses.

New Jersey, Arvonio said, has allowed golf courses and liquor stores to be open, but Catholics do not have public Mass. “That’s a problem,” she said.

The spiritual needs of the COVID-19 patients are just as real as their physical needs, she said. As a board member of the National Association of Catholic Nurses, U.S.A., Arvonio says that organization’s mission is critical now more than ever, to emphasize caring for the spiritual needs of patients. 

In the case of one patient who was heading to hospice, a priest could only talk to her remotely, on Zoom.

“She was in tears, an elderly woman worried to leave on hospice because her priest wasn’t there to give her the last rites. This is wrong! This is our right as a Catholic!” Arvonio said.

For some hospitals, chaplains cannot administer the sacramental anointing because of a shortage of personal protective equipment (PPE) available for them. Yet, Arvonio said, she has seen staff wearing PPE in situations where it’s not necessary.

“Look at how we’re using our equipment and give it to the essential personnel, which is the priest,” she said. “We need him in the hospital more than ever.”

“We need to start thinking about getting the spiritual care back to these patients. They need their priests, they need their pastor.”

She has started making care packages for patients to provide something tangible in the absence of the sacraments; for one patient she assembled a care bag with holy water, blessed oil, and plastic rosaries. “I said ‘he’s not alone. God always has somebody for every person,” she said.




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Bishops: Our Lady of America not 'objective private revelation'

CNA Staff, May 7, 2020 / 11:50 am (CNA).- Bishop Kevin Rhoades of Fort Wayne-South Bend said Thursday that the alleged visions and revelations known as “Our Lady of America” cannot be said to be of supernatural origin, and that public devotion to “Our Lady of America” is not permitted for Catholics.

Sister Mary Ephrem Neuzil of the Congregation of the Sisters of the Most Precious Blood of Jesus began having what seemed like mystical experiences, including inner locutions and visions of the spirit, around 1938. She revealed these to her confessor in 1948, and they became a devotion to Mary as “Our Lady of America” in 1954.

Sr. Neuzil said the Blessed Virgin began appearing to her in 1956 in Rome City, Ind., about 40 miles northwest of Fort Wayne.

The alleged visions and messages from Mary and from St. Joseph continued through 1959, in a number of locations. After 1959, she said Our Lady communicated with her primarily by locutions, until her death in 2000.

Bishop Rhoades agreed in 2017 to conduct an investigation into the alleged apparitions. The bishop issued to other U.S. bishops a statement May 7 on the investigation, which was obtained by CNA, along with a July 2019 decree on the matter.

In the statement, Rhoades said that Sr. Neuzil “was honest, morally upright, psychologically balanced, devoted to religious life and without guile.” He added that she had “signs of imperfection, but no evidence that she was the perpetrator of a hoax or the victim of delusion.”

“What she communicated about her alleged experiences, she believed to be true, and her communication of those experiences are filled with humility and forthrightness,” he added.

The bishop noted there are numerous reports of conversions, spiritual refreshments and consolations, and even some physical healings related to the alleged apparition. He added, though, that “we cannot conclude that any of these events are conclusive enough to warrant certification as miracles. It seems likely that in such personal contexts of faith and prayer, God's graces were received.”

While “much of what is expressed” in the alleged revelations “does not contain any doctrinal error,” Bishop Rhoades wrote that there is a claim of St. Joseph as “'co-redeemer' with Christ for the salvation of the world … which has never been expressed as Catholic doctrine and must be seen as an error.”

He reported that Sr. Neuzil's spiritual director, Archbishop Paul Leibold, wrote in 1970 that he was unable to make a judgement on the supernatural nature of her visions, and that while he had helped her in promoting them as a “private devotion,” he had never acted “to promote her devotion publicly.”

“Looking at the nature and quality of the experiences themselves, we find that they are more to be described as subjective inner religious experiences rather than objective external visions and revelations,” Bishop Rhoades wrote.

“Thus, while it may be said that there is possibly an authenticity to Sister Neuzil's subjective religious experience, we do not find evidence pointing to her experience as being in the category of objective private revelation.”

The bishop and his investigatory commission found that “her experiences were of a type where her own imagination and intellect were involved in the formation of the events. It seems that these were authentically graced moments, even perhaps of a spiritual quality beyond what most people experience, but subjective ones in which her own imagination and intellect were constitutively engaged, putting form to inner spiritual movements. However, we do not find evidence that these were objective visions and revelations of the type seen at Guadalupe, Fatima and Lourdes.”

Bishop Rhoades' judgement was issued in the July 29, 2019 decree, which was signed also by Fr. Mark Gurtner, then-chancellor of the Diocese of Fort Wayne-South Bend.

The five other bishops where the purported visions were said to have occurred – Archbishop Dennis Schnurr of Cincinnati, Archbishop Allen Vigneron of Detroit, Bishop Timothy Doherty of Lafayette in Indiana, Bishop Thomas Olmsted of Phoenix, and Bishop Daneil Thomas of Toledo in Ohio – each concur with Bishop Rhoades' findings and conclusions.

The six bishops had in 2017 asked the US bishops' conference to investigate the alleged apparitions, considering that inquiries were being received about the alleged apparition and its purported request for a procession of the nation's bishops and that a statue of Our Lady of America be placed in the Basilica of the National Shrine of the Immaculate Conception.

The Congregation for the Doctrine of the Faith advised that it be conducted by one of the bishops, and Bishop Rhoades agreed to do so.

He received documentation of Sr. Neuzil's correspondence the following year, and he conducted the evaluation with a commission of theological and canonical experts. They also gathered personal interviews with witnesses who knew Sr. Neuzil.

The procedure for the investigation was carried out in accordance with the Congregation for the Doctrine of the Faith's 1978 "Norms regarding the manner of proceeding in the discernment of presumed apparitions or revelations."

Some bishops have permitted the public display of statues of Our Lady of America, and then-Msgr. Liebold had given an imprimatur to a prayer attached to the devotion in 1963.

The six bishops wrote May 7 that “given this history of prayers and religious articles being given approval by competent ecclesiastical authority, the use of such prayers religious articles may continue as a matter of private devotion, but not as a public devotion of the Church.”

“Indeed, such private devotion would be consistent with the history of the United States of America being dedicated to Our Lady,” they added.

However, “such private devotion should in no way imply approval or acceptance of purported revelations, visions, or locutions attributed to Sister Mary Ephrem (Mildred) Neuzil other than as her own subjective inner religious experiences.”

A spokesperson for the Diocese of Fort Wayne-South Bend told CNA that “the conclusion of Bishop Rhoades and the other five bishops pertains to the entire Church. The same would have been true if the decision were in the affirmative.”

 




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Fatima confirms no pilgrims for May 13 feast day celebrations

Denver Newsroom, May 7, 2020 / 03:48 pm (CNA).- For the first time in over a century, the annual May 13 celebrations at the Fatima shrine will take place without the physical presence of pilgrims, the bishop of Fatima confirmed this week.

Cardinal Antonio Marto said in a May 3 statement that the celebrations for the Feast of Our Lady of Fatima “will take place as was announced April 6, without the physical presence of pilgrims, in the name of prudence to avoid the risk of spreading the novel coronavirus.”

“As planned in conjunction with the civil authorities, the May 12 and 13 celebrations for this year cannot have the physical presence of the pilgrims and will be transmitted by broadcast and digital media,” he continued.

The cardinal explained that hosting “an unpredictable multitude of people” gathering at a time when the coronavirus pandemic is still a serious threat would go against the efforts of health authorities to gradually lift restrictions imposed to slow the spread of the virus.

“We therefore respect, in an attitude of collaboration with the competent civil authorities, the guidelines for these celebrations to be held with a symbolic presence of participants,” Marto said.

The clarification over the Fatima feast day came as the Portuguese government gradually begins to ease restrictions that had been put in place in response to the pandemic, prompting speculation over whether the May 13 celebrations would be able to take place as normal. The annual event typically draws hundreds of thousands from around the world to the shrine.

The Portuguese Bishops’ Conference had announced earlier this month that public Masses could tentatively resume the weekend of Pentecost, May 30-31, in accordance with guidelines to be established by the country’s health department and the Catholic Church.

Cardinal Marto stressed that the decision to suspend public religious celebrations was based in a sense of responsibility toward the public health, as a way of loving one’s neighbor.

“[A]s much as our hearts would like to be in Fatima celebrating together in the same place, as has been the case since 1917, prudence counsels us not to do so this time,” he said, adding that Catholics can look forward to an end to the pandemic and an opportunity to gather together joyfully in the future.

Fr. Carlos Cabecinhas, rector of the Shrine of Our Lady of Fatima, encouraged pilgrims who are unable to physically attend the events to make an interior pilgrimage, participating in the events of the Solemnity of Our Lady of Fatima through the internet or social media.

“This is a painful time: the shrine exists to welcome the pilgrims and we cannot do so, this is a cause for great sadness; but this decision is also an act of responsibility toward the pilgrims, protecting their health and welfare,” the priest said.

The shrine’s website offers four steps to guide people on this interior pilgrimage.

According to the website, “the celebrations of May 12 and 13 will maintain the usual schedule with recitation of the Rosary at 9:30 p.m. followed by the Candlelight Procession. On the 13th the Rosary will be prayed at 9:00 a.m. followed by the International Mass and the Farewell Procession.”

In March, 24 countries were consecrated to the Sacred Heart of Jesus and the Immaculate Heart of Mary at the Shrine of Our Lady of Fatima.

At that ceremony, Cardinal Marto recalled that Saints Francisco and Jacinto Marto, shepherd children to whom an angel, and then the Blessed Virgin Mary appeared in 1916 and 1917 at Fatima, both died amid the victims of the Spanish flu pandemic.

To date, Johns Hopkins University has reported 26,182 cases of novel coronavirus in Portugal, with 1089 deaths.

 




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White House hosts service for National Day of Prayer

Washington D.C., May 7, 2020 / 04:30 pm (CNA).- The White House service for the National Day of Prayer on Thursday focused on protection from the coronavirus pandemic. President Trump said Americans will continue to pray for divine assistance as the nation faces “unforeseen and seemingly unbearable hardships.”

Sister Eneyda Martinez of the Poor Sisters of St. Joseph community in Alexandria, Virginia was one of the religious leaders present to lead attendees in prayer.

“Merciful Savior, heal and comfort the sick so that with health restored, they may give you praise. Divine Physician, accompany our caregivers, so that serving you with patience they may heal wisely. And through wisdom, guide our leaders, so that through seeking remedies they may follow your light,” Sister Eneyda Martinez prayed at the service in the White House’s Rose Garden.

The National Day of Prayer was designated by Congress in 1952, and scheduled in 1988 to be observed annually on the first Thursday in the month of May.

In attendance at the White House service were President Trump and First Lady Melania Trump, as well as Vice President Mike Pence and Second Lady Karen Pence, and Paula White, and other religious leaders from Catholic, Christian, and Mormon churches, and Jewish and Hindu faiths.

The prayer service emphasized prayer for protection from the coronavirus pandemic, as well as prayer for the sick and their families, and health care workers.

“Christ, the Anointed, protect us in body and in spirit, so that free from harm we may be delivered from all affliction,” prayed Sister Eneyda Martinez.

Vice President Pence urged Americans to be “persistent in prayer,” especially for the families of the dead, those sick with the virus, and health care workers, many who have “literally taken the place of loved ones” in being the only close contacts of COVID-19 patients.

On Thursday morning, Trump issued a proclamation, noting the importance of prayer during the pandemic.

“During the past weeks and months, our heads have bowed at places outside of our typical houses of worship, whispering in silent solitude for God to renew our spirit and carry us through unforeseen and seemingly unbearable hardships,” Trump stated.

“Even though we have been unable to gather together in fellowship with our church families, we are still connected through prayer and the calming reassurance that God will lead us through life's many valleys.”

The U.S. Centers for Disease Control was reportedly drafting guidance for states to reopen public accommodations and religious services, but according to the Associated Press on Thursday, the document was buried by the administration.

That document reportedly advised against churches holding services if they were not in a “community no longer requiring significant mitigation.”

However, if that and other certain conditions were in place, churches should take precautions such as ensuring social distancing, wearing of masks by congregants, and intensifying cleaning of churches, the CDC document reportedly said.

State orders have varied in their restrictions on public gatherings during the pandemic; a Kansas stay-at-home order allowed religious gatherings of 10 or fewer people, while Illinois prohibited all religious gatherings.

After every U.S. diocese stopped public Masses during March, Catholic dioceses have started offering public Masses, beginning with the diocese of Las Cruces, New Mexico, with several other dioceses following suit in ensuing days.

Officials from the CDC and the White House spoke with four of the bishops on April 28 and 29 about the resumption of public religious services.




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Data contradicts Harvard professor's assertions about homeschooling

Denver Newsroom, May 7, 2020 / 05:29 pm (CNA).- A Notre Dame sociologist is using data to challenge a Harvard Law professor’s assertions that homeschooling is “dangerous”, and detrimental to society.

The controversy stems from a recent paper by professor Elizabeth Bartholet in which she calls for a presumptive ban on homeschooling in the United States.

Bartholet, as quoted in a Harvard Magazine piece based on her paper, points to unspecified “surveys of homeschoolers” to assert that “up to 90 percent” of homeschooling families are “driven by conservative Christian beliefs, and seek to remove their children from mainstream culture.”

“Some” homeschooling parents are “‘extreme religious ideologues’ who question science and promote female subservience and white supremacy,” she writes.

David Sikkink, associate professor in the Department of Sociology at the University of Notre Dame, analyzed surveys of homeschooling families— including a 2016 government survey—  and found that these families are not overwhelmingly Christian nor religious, and are not as universally closed-off to the outside world as Bartholet asserts.

In the analysis Sikkink conducted, just 16% of homeschooling parents said they were homeschooling primarily for religious reasons. The number one reason homeschooling parents cited was a concern about school environment, such as safety, drugs, or negative peer pressure.

Eleven percent of parents reported homeschooling because their child has special needs.

While approximately half of the homeschooling parents surveyed mentioned religion as a factor in their decision to homeschool, Sikkink notes that the parents who cited religion as a reason were, on the whole, more highly educated than those parents who did not.

In terms of Bartholet’s assertion that some homeschooling parents “believe that women should be totally subservient to men and educated in ways that promote such subservience,” Sikkink’s analysis did not find evidence that religious households oppose higher education for girls.

Among the homeschooling families in the survey who use a religious curriculum, there was no difference in their self-reported educational expectations— i.e., what education level they expected their children to reach—  for their male children vs. their female children.

Several past studies have shown that homeschool students typically outperform their public and private school counterparts on things like standardized tests and college performance. A 2016 study from the National Council on Measurement in Education showed that, when adjusted for demographic factors, homeschool students were on par academically with their demographically-similar peers.

Moreover, the data Sikkink analyzed suggests that after family background and demographic controls are accounted for, about 64% of homeschoolers “completely agree” that they have much in life to be thankful for, compared to 53% of public schoolers.

On feelings of helplessness, or lack or goals or direction in life, homeschoolers do not substantially differ from their public school counterparts, the analysis suggests.

In the Arizona Law Review, Bartholet argues that while homeschool children may perform as well as their peers on standardized tests or in college, they are also often isolated from their peers and denied experiences and exposures that would make them more productive citizens.

Bartholet claims in her article that “a very large proportion of homeschooling parents are ideologically committed to isolating their children from the majority culture and indoctrinating them in views and values that are in serious conflict with that culture.”

“Isolated families,” she asserts, “constitute a significant part of the homeschooling world.”

In contrast, Sikkink’s analysis found that among the schooling groups surveyed, homeschooling families had the highest level of “community involvement” of all school sectors.

“Community involvement” activities included attending sporting events, attending concerts, going to the zoo or aquarium, going to a museum, going to a library, visiting a bookstore, or attending an event sponsored by a community, religious, or ethnic group.

Homeschooling graduates are almost identical to their public school counterparts in likelihood to vote in federal and local elections, Sikkink found.

Furthermore, the total number of volunteer and community service hours for homeschooling graduates is very similar to or slightly higher than public school graduates, the analysis found.

Bartholet asserts that some homeschoolers “engage in homeschooling to promote racist ideologies and avoid racial intermingling.”

In contrast: “The reality is that about 41% of homeschooled children are racial and ethnic minorities,” Sikkink writes.

“When asked about four closest friends, about 37% of young adult homeschoolers...mention someone of a different race or ethnicity—exactly the same as public schoolers.”

This diversity also extends to schooling practices— increasingly, Sikkink says, homeschooling adopts new forms, including “hybrids” that combine the benefits of home and institutional schooling.

“About 57 percent of homeschoolers are using some form of instruction outside the family,” Sikkink told CNA in an email.

“That includes using tutors, private or public schools, colleges or universities, or homeschooling coops. That percentage would be higher if we included those who reported obtaining curriculum from formal institutions, such as public schools.”

Moreover, about a third of homeschooling parents obtain their curriculum or books from a public school or school district.

“Altogether, 46% of homeschoolers have some pedagogical relationship with public schools,” Sikkink asserts.

Bartholet argues that homeschooling puts children at risk of abuse by their parents, while if children were in public schools, they would be among teachers who are mandatory reporters of any suspected abuse that may be taking place.

“The issue is, do we think that parents should have 24/7, essentially authoritarian control over their children from ages zero to 18? I think that’s dangerous,” Bartholet asserts in the Harvard Magazine piece.

“I think it’s always dangerous to put powerful people in charge of the powerless, and to give the powerful ones total authority.”

Sikkink says Bartholet’s image of a child confined to the home “24/7...from ages zero to 18” is not consistent with the data.

“When we look at the use of homeschooling for each year of the child's upbringing, we only find a small percentage that report that the child was homeschooled for all their years of schooling,” Sikkink told CNA in an email.

Many of these students are part-time public schoolers— about 25% of homeschoolers receive some instruction in public schools during their school-age careers, he wrote.

Homeschooling regulations vary widely by state. Sikkink told CNA he hopes future studies will examine the effects of state-level variation in regulation on homeschooling quality.

“The question of schooling oversight remains, of course, but it would be short-sighted not to keep homeschooling and other creative schooling options in the mix, including the hybrid models that cross sector boundaries,” Sikkink concludes.

 

Subsequent to the publication of this story, Sikkink told CNA he had revised his assessment of the percentage of homeschoolers using instruction outside the family, from 64% to 57%. The story has been updated to reflect that assessment.




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Federal judge says state can require COVID-19 tests before abortions

CNA Staff, May 8, 2020 / 12:30 pm (CNA).- A federal judge in Arkansas on Thursday upheld the state’s requirement that women obtain a negative coronavirus test before having an abortion.

Calling the decision “agonizingly difficult,” Judge Brian Miller for the Eastern District Court of Arkansas said the state’s testing mandate—which applies to all elective surgeries and not just abortions—is “reasonable” during the public health emergency and was not done “with an eye toward limiting abortions.

The judge noted that “it is undisputed that surgical abortions have still taken place.”

The abortion clinic Little Rock Family Planning Services had requested a temporary injunction on the state health department’s requirement that elective surgery patients obtain a negative new coronavirus (COVID-19) test result within 48 hours before the procedure.

Previously, the health department ordered a halt to non-essential surgeries on April 3 to preserve resources for treating COVID-19.

The Little Rock abortion clinic performed abortions while claiming they were offering “essential” procedures, and after the health department ordered them to stop on April 10, the clinic challenged the state in court. The diocese’s Respect Life Office noted that women were traveling to the clinic for abortions from nearby states such as Texas and Louisiana.

The clinic won its case for a temporary restraining order at the district court level, but the Eighth Circuit appeals court subsequently overruled that decision and sided with the state.

The April 3 directive was updated April 24 to allow for some elective surgeries provided certain conditions were met. Elective abortions were included in the “non-essential” surgeries that were allowed to continue on April 24.

These conditions included no overnight stays, no contact with COVID-19 patients in the previous 14 days, and a negative COVID-19 test for patients within 48 hours of the surgery.

According to the clinic, which asked for a temporary injunction, three women were seeking to obtain “dilation and evacuation” abortions but were prevented from meeting the state’s testing requirmenet. One woman said she was unable to get a COVID-19 test; another said the lab could not guarantee she would receive results in 48 hours. The third woman was unable to get an abortion in Texas, and drove to the Little Rock clinic; she was told the results of her test would not be available for several days.

In response, the state’s health department said that four surgical abortions had still been performed at the clinic between April 27 and May 1, with COVID-19 test results having been obtained within 48 hours of the abortions, and thus the directive was not an “undue burden” on women seeking abortion.

In his decision on Thursday, Judge Miller said that the pandemic is a serious threat, noting that at the time of the opinion more than 70,000 people had died in the U.S. from the virus including more than 3,500 people in Arkansas.

He said the case “presents the tug-of-war between individual liberty and the state’s police power to protect the public during the existing, grave health crisis,” and noted that the three women as well as others “are very troubled. There is a strong urge to rule for them because they are extremely sympathetic figures, but that would be unjust.”




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1 million seeking answers

Portugal Field Leader Givas shares about the May 2017 outreach to religious pilgrims in Fatima.




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Efficient Simulation Workflows

SOLIDWORKS 2020 continues our mission of delivering powerful Simulation Capabilities with enhancements that provide increased power, more realistic simulations, and more efficient workflows. When running simulation on Weldment Structures, beam elements are typically used since they are fast to setup

Author information

Andrew Gross

Andrew is a Senior Territory Technical Manager at SOLIDWORKS, and lives in Los Angeles, CA. He has years of experience working with resellers and customers, and has a strong background in Engineering Simulation and Design Validation. More recently, Andrew has expanded his interest and passion into Industrial Design. Andrew holds a Master’s Degree in Mechanical Engineering from UCLA.

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Creating Your Own Sky for VR Mode in eDrawings Professional 2020 using SOLIDWORKS Visualize

eDrawings Pro 2020 now supports choosing your own 360˚ images as your custom environment in VR! This blog post will help walk you through the process of creating a 360˚ equirectangular image in SOLIDWORKS Visualize and adding it to your Virtual Reality scene in eDrawings Pro 2020.

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Yun Li

Yun Li is a User Experience Design Engineer at SOLIDWORKS. She is always excited to hear from users and learn more about them. She specializes in designing and prototyping for interesting emerging technologies such as Virtual Reality and Augmented Reality.

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Introduction to SOLIDWORKS Simulation – Finite Element Analysis

Have you ever been interested in SOLIDWORKS Simulation but didn’t know where to start? With such a wide variety of design analysis solutions, Simulation can be an intimidating product for someone newer to the SOLIDWORKS suite of products. Well we

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Alignex, Inc. is the premier provider of SOLIDWORKS software and partner products to the mechanical engineering industry in Minnesota, Wisconsin, Iowa, North Dakota, South Dakota, Nebraska, Colorado, Wyoming and Illinois. With more than 25 years of technical experience, Alignex offers consulting services, training and support for SOLIDWORKS as well as support for partner products. For more information, visit alignex.com.

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