₦airaland Forum

HEALTH NEWS
JANUARY 17, 20211:35 PM UPDATED 2 HOURS AGO

Portugal's health system on brink of collapse as COVID-19 cases surge

By Reuters Staff

2 MIN READ

LISBON (Reuters) - Portugal’s public health system is on the verge of collapsing as hospitals in the areas worst-affected by a worrying surge in coronavirus cases are quickly running out of intensive care beds to treat COVID-19 patients.

“Our health system is under a situation of extreme pressure,” Health Minister Marta Temido told reporters on Sunday afternoon after a visit to a struggling hospital. “There is a limit and we are very close to it.”

The health system, which prior to the pandemic had the lowest number of critical care beds per 100,000 inhabitants in Europe, can accommodate a maximum of 672 COVID-19 patients in intensive care units, or ICUs, according to health ministry data.

The number of people in ICUs with COVID-19 reached 647 on Sunday, according to health authority DGS. The Portuguese Association of Hospital Administrators said the number of coronavirus patients needing hospitalisation was likely to dramatically increase over the next week.

Three days into a nationwide lockdown, the country of just 10 million people reported 10,385 new cases and 152 fatalities on Sunday, bringing the total number of infections to 549,801, with the death toll increasing to 8,861.

According to ourworldindata.org website supported by Oxford University, Portugal had the highest number of coronavirus cases in Europe per capita over the last seven days.

Most new cases were concentrated in Lisbon, where many patients at the city’s public hospitals have already been transferred elsewhere, including to health units in the country’s second biggest city Porto.

“We are already treating patients beyond our installed capacity,” said Daniel Ferro, director of Lisbon’s biggest hospital Santa Maria. “And we are not the only hospital where this is happening.”

The Garcia de Orta Hospital, across the River Tagus from Lisbon, said in a statement the hospital could soon enter a “pre-catastrophe” phase as it no longer has beds for coronavirus patients.

Reporting by Catarina Demony; Editing by Jonathan Oatis

Our Standards: The Thomson Reuters Trust Principles.

https://www.reuters.com/article/health-coronavirus-portugal/portugals-health-system-on-brink-of-collapse-as-covid-19-cases-surge-idUSL8N2JS0FA

________________________________________

If we agreed on monogamy and I kept my part of the bargain then she is getting dumped quickly with no looking back. She's damaged goods and I would longer care to deal with her on any level. No name calling or cussing, just moving on!

mytime24:
Zoo government
Zoo presidency
Zoo political power
Zoo laws

Zoo Hoodlums, looting and destroying public and private property.

"The boyfriend and girlfriend romantic relationship thing is not in the Will of God, and it's used by the devil to spread immorality".

Please forgive me father for I have fornicated and sinned, quite a few times in my lifetime.

Trump is in the Dump---ster going out of office.

Trump ending presidency with approval rating at new low: poll

BY KYLE BALLUCK - 01/17/21 08:44 AM EST

https://thehill.com/homenews/administration/534606-trump-ending-presidency-with-approval-rating-at-new-low-poll

Looks like another bankruptcy is loading for Donald J. Trump. Maybe he can get some financial help from his good friends in Naija?

Debt cloud hangs over Trump post-presidency

BY SYLVAN LANE - 01/17/21 08:00 AM EST


President Trump faces an increasingly challenging financial future after he leaves the White House on Wednesday.

Trump is on the hook for hundreds of millions of dollars of debt, most of it due within the next four years, and the legacy of his presidency may leave him with few options to pay it off.

In the wake of the Capitol riots, the New York City government and the PGA of America backed away from business arrangements with the Trump Organization, sapping future income from the debt-laden president. Three banks have announced they’re cutting ties with him — including Deutsche Bank, his biggest creditor — limiting his ability to refinance debt.

“It strikes me that the president is going through a collapse of his financial goodwill,” said John Pottow, a commercial law professor at the University of Michigan.

“There's a bunch of corporate actors who are running away from him, like Deutsche Bank, so I think the last thing they want to do is to refinance him,” Pottow added.

If more banks deem Trump a toxic client, he could face daunting obstacles in navigating his debt.

Trump owes creditors at least $315 million, mainly through mortgages for Trump Organization hotels, resorts and golf courses, according to his 2020 financial disclosure. A Forbes analysis of Trump’s finances, however, found that Trump likely owes at least $1 billion to creditors, some of which he has personally guaranteed.

“Debt he's personally guaranteed means that those lenders can get access to all the equity he owns in all of his other companies,” said J.W. Verret, a financial law professor at George Mason University and former House Republican aide who supported President-elect Joe Biden’s campaign.

“His personal wealth can take a hit,” Verret added.

Trump still holds considerable wealth through his business and claimed to have at least $1.4 billion in assets in last year’s financial disclosure, a self-reported document that is not audited by the federal government. Just $5.8 million of his holdings appear to be in cash or other assets Trump could quickly liquidate in a crunch, according to an analysis by The Hill.

A full picture of Trump’s financial health is impossible to assemble without the tax returns and other financial documents he has refused to release for years. Even so, experts say that based on what is known about his wealth and obligations, the president could face a barrage of lawsuits and collection attempts that could ultimately lead to personal bankruptcy.

“Absent the consent of the lenders, he has no option other than filing for bankruptcy,” Pottow said. “I mean, that's just the way it works. If you owe someone money and you can't pay it, then they can either forgive it or they can sue you.”

Trump, who anointed himself “the king of debt” in 2016, borrowed heavily to finance his empire of hotels, resorts, skyscrapers and golf courses. The president has argued that the amount of debt he owes is common for a man of his wealth and industry and has regularly used provisions of the tax code that help real estate developers write off losses.

While Trump was able to tap millions in borrowed money to expand his business and bolster his image as a cunning dealmaker, experts say he did so at severe personal risk. The New York Times reported in October that Trump personally guaranteed hundreds of millions lent to him by Deutsche Bank, using his own assets as collateral to purchase properties and refinance other debt with the scandal-ridden lender.

Deutsche Bank has several ways to collect on Trump’s debt, most of which matures in 2023, according to Trump’s financial disclosure. The bank could sue Trump if he fails to pay the debt by the time it matures, backtrack on its decision to cut ties with Trump and refinance, or sell the debt to another lender.

Professional Bank, which also recently cut ties with Trump, likely has similar flexibility with the at least $5 million in debt the president owes through a mortgage on a house he owns in Palm Beach, Fla., according to his financial disclosure.

That’s likely to put Trump in a financial bind.

“Oftentimes, borrowers will simply roll over the loan, which means they just swap the loan for a new loan,” said Phillip Braun, a finance professor at Northwestern University.

“Trump may have difficulty doing that because no one wants to provide him with new credit. So that's a serious problem for him,” Braun added.

Trump has faced dire financial straits before and may still have ways to maneuver out of his looming debt troubles. Other creditors could purchase Trump’s debt at a steep discount and give him more time to pay it off.

“At the end of the day, they're not going to light money on fire because they're angry at Donald Trump,” Pottow said.

“If they have a reasonable restructuring proposal that's going to get them paid off without undue risk, they will come to a deal,” Pottow added.

Trump could also start selling off properties or stakes he holds in real estate projects to cover his cash crunch, though Braun said the president may be more likely to turn to the courts as he has in the past.

While Trump’s financial liabilities may be manageable for now, potential legal trouble might make his debt insurmountable.

New York state prosecutors are ramping up their investigation into Trump’s business dealings, which could lead to criminal charges. The attorney general of Washington, D.C. has sued the Trump Organization over the use of funds from the president’s 2016 inaugural committee, and legal experts say Trump could face charges related to the Capitol riots.

Florida Republicans close ranks with Trump after Capitol siege
Biden transition outlines executive actions for first 10 days to deal...

Verret said that, along with steep legal fees, a criminal indictment could prompt Trump’s creditors to speed up the collection of his personally guaranteed debt under certain debt covenants.

“As this pressure grows, the pressure on the lenders to accelerate payments grows, which limits his ability to get loans from anyone else,” Verret said.

“I don't know if he's in a debt spiral yet, but I have to figure that’s where this is headed,” Verret added.

TAGS TRUMP ORGANIZATION DONALD TRUMP JOE BIDEN DEBT BANKRUPTCY

https://thehill.com/policy/finance/534588-debt-cloud-hangs-over-trump-post-presidency

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Can you spot the 9ja coon in the crowd?

19 more days until the historic eviction!

GIdiata:
what's your point sir?

The Premium Times made an easy worksheet graph for readers to comprehend.

Whether or not the input data is accurate is another issue.

Favors the most highly educated and talented Nigerians from the South West region to work in his administration?

https://twitter.com/dunnia33/status/1343326781374410752

Timiofak:
21st-century pastors = yahoo yahoo

Exactly 2months, after this grifter claimed ”God” showed him the winner

If you still believe them, I am sorry for you

All them FFK people.

you guys are just too fast oo. i thought i had the latest scoop.


https://www.youtube.com/watch?v=5EOI5sp6tRM

PrideofLincoln2:
No way, I am a street guy from Uptown Chicago and I am a hustler. No one can hustle a born hustler like me. Will be in Lasgidi to visit my folks in few days and I will milk you dry as an American trained hustler.

Hustle on P.O.L. 2. safe and blessed travel and journey.

Dem don't know about the Chicago money making hustle.



FLOORED The Complete Documentary Film

https://www.youtube.com/watch?v=--H8SY334Zw


CHICAGO
Napoleon Hill's Master Course - Complete Series (Original Audio)

https://www.youtube.com/watch?v=m6dlTsKXuyQ

Senate Passes Finance Bill 2020

https://www.proshareng.com/news/TAXES%20&%20TARIFFS/Senate-Passes-Finance-Bill-2020/54772

only two minutes.

Facts About Africa
@OnlyAfricaFacts

Ronald Reagan, one of most influential modern presidents of the United States (1981-1989), had this appalling view about our African UN delegates in October, 1971.

(NowThis)

Ronald Reagan, one of most influential modern presidents of the United States (1981-1989), had this appalling view about our African UN delegates in October, 1971.

(NowThis) https://t.co/hk3v4o5vXk

— Facts About Africa (@OnlyAfricaFacts) December 15, 2020

that's NL for you, anoda hoe opens her legs for a married man faster than usain bolt can put his track shoes on.
tune in again same time next week for the latest adventure of a unpaid olosho, or practicing Nollywood script writer.

nedekid:
Address the message naa and not the messager.

Go address your school master for not doing his or her job.

Abeg, this forum has become overrun with illiterates.

mr. man should rest until his corruption case is finished, then run mouth.
maybe he feels secure in beating his chest because of a payment to AGF Malami?

s HELL since coming to Naija!

mumu didn't properly check references and probably was also in the 419 industry but trying to go legit. very rarely can someone go legit with ill gotten money. the universe doesn't work like that. fast easy money comes and goes just as quickly.
why is op not complaining to authorities and contacting his insurance agency? nonsense.

@Hushbingo

since when is a community property olosho a lady? receive sense broda and learn how to share dem with the brotherhood without all this stress tingz.

grow a set and go hard on these hoes like Vick and Desmond taught you!

Abeg, is the Covid -19 pandemic finished?

Doesn't Agbani Darego have a new born baby to nurse?

Youngzedd:
Watch this video and thank me later.

You can't save her >>
https://www.youtube.com/watch?v=V7bVhfDmnoI

Stop saving these hoes, let'em die!!


https://www.youtube.com/watch?v=Fx49UgzHlxY

Breaking

Old Nollywood run's story starring Tina Amuziam, Rita Dominic, Jim Iyke and Chidi Mokeme IYKYK

Goodbye New York (2004)

Some humour.

45 more days. January 20, 2021

BIDEN - YOU ABOUT TO LOSE YOUR JOB - REMIX - #RemixgodSuede #IMarkKeyz #LoseYoJob


https://www.youtube.com/watch?v=iOpJeFIg62Y

#magaiscancelled ⬅ is trending on you know where.

that is very difficult to do

Mr Jollof no learn from others about flaunting on the internet?

How the US caught flashy Nigerian Instagrammers 'with $40m'

https://www.bbc.com/news/world-africa-53309873

The Honorable GEJ (2023) set the template for food self sufficiency. this guy in op listen good.

Sunday, 17 August 2014
President Jonathan commissions Rice Farm in Nasarawa

https://upgej..com/2014/08/president-jonathan-commissions-rice.html

ur done mumu, go find anoda girl

"Nairaland / General / Re: What's The Worst Thing You Ever Did Under The Influence Of Alcohol? by surebona(m): 6:03pm On Aug 28
Omoh, I no fit forget o.. I woke and my girl was by my side only to think I was already in the bathing room, I brought out the guy and faced the tv on the floor. Na my babe slap the guy if not I for discharge there... Shayoo na bastard last last o....

Another day it was almost raining I had to leave my house to tell my friend in his own house that it's about to rain. And the rain caught me there....
(Quote) (Report) 24 Likes (Like) (Share)"

https://www.nairaland.com/5901576/whats-worst-thing-ever-did/2#93325637

Ms O is getting roasted on Twitter.

https://twitter.com/newsone/status/1334170160882737159

This seems like as good a time as any to remind people that Candace Owens is a grifting, self-hating con artist who once testified before Congress that white supremacy isn't real.

We have the receipts on this opportunistic fraud.


Every Receipt Proving Candace Owens Is A Con Artist Who Is Following The Money
We have the receipts or Candace Owens bizarre history.
newsone.com

>Professor ABC Nwosu was a political adviser to former President Olusegun Obasanjo

I wonder if he was part of the (alleged) looter gang during that era?