March 31, 2021

expected

COVID-19 cases expected to rise next winter with fewer deaths, UW doctor says

Leading researcher Dr. Ali Mokdad has been deeply affected by the coronavirus pandemic, on a personal and professional level.

SEATTLE — Throughout the pandemic, University of Washington scientists have predicted, with surprising accuracy, the number of COVID-19 infections and deaths in our state and across the nation.

Their models have gotten more accurate as they’ve collected more data from around the world. Click here to see the newest projections from the Institute for Health Metrics and Evaluation (IHME), an independent global health research center at the University of Washington. 

UW researcher Dr. Ali Mokdad told KING 5 News that COVID-19

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GE Stock Rallies As Deal For Biggest Piece Of Finance Unit Expected Soon

General Electric (GE) is reportedly nearing a $30 billion deal to combine its aircraft-leasing business with Ireland’s AerCap Holdings (AER), as the coronavirus pandemic stress-tests its core aviation business. GE stock rose and AerCap stock jumped.




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The industrial conglomerate could announce the merger as soon as Monday, sources told the Wall Street Journal. The move could speed up GE’s turnaround, improving its balance sheet and cash flow.

GE Capital Aviation Services (GECAS) is largest remnant of the company’s once mighty financial services unit, which dragged down GE stock during the 2007-2008 financial crisis.

GE

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Weekly jobless claims rise to 861,000 vs. 773,000 expected

Last week’s initial jobless claims soared to 861,000, despite more states and cities lifting restrictive business measures amid a decline in the number of coronavirus cases. Economists had predicted around 773,000 first-time claims for the week ended Feb. 13. Data for the previous week was revised up to 848,000 from 793,000.

“Total initial claims broke their three-week streak of declining numbers,” said AnnElizabeth Konkel, economist at Indeed Hiring Lab. “The movement of this number is going in the wrong direction, and at 6.7 times higher than the pre-Covid era, magnitude also remains a problem.”

The surprise rise in claims comes

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