Sabtu, 16 Mei 2020

For-profit nursing homes paid out $1.B in dividends; Homeless encampments springing up throughout Toronto; India surpasses China in confirmed coronavirus cases; Air Canada plans to lay off at least 20 - Toronto Star

The latest novel coronavirus news from Canada and around the world Friday (this file will be updated throughout the day). Web links to longer stories if available.

8:58 a.m. For months, the COVID-19 lockdown has removed choice from personal equations: We couldn’t go out, couldn’t travel, couldn’t eat at restaurants, couldn’t spend time with friends.

But slowly, provinces have begun to ease COVID-19 restrictions. This week, Alberta began allowing stores, restaurants and hairdressers to reopen, while Ontario gave the green light for stores to reopen on May 19. B.C. will begin the process after the long weekend.

Simply put, the ball has landed back in our court. Now that you might be able to go out for an evening, will you?

The Star’s Alex Boyd and Douglas Quan asked five Canadians whether they’re eager to get out in the world or holding back to see how things play out.

8:36 a.m. Three of the largest for-profit nursing home operators in Ontario, which have had disproportionately high numbers of COVID-19 cases and deaths, have together paid out more than $1.5 billion in dividends to shareholders over the last decade, the Star has found.

This massive sum does not include $138 million paid in executive compensation and $20 million in stock buybacks (a technique that can boost share prices), according to the financial reports of the province’s three biggest publicly traded long-term-care home companies, Extendicare, Sienna Senior Living and Chartwell Retirement Residences.

That’s a total of more than $1.7 billion taken out of their businesses.

Read the full story from the Star’s Marco Chown Oved, Kenyon Wallace and Brendan Kennedy.

8:22 a.m. In a world where the masses aren’t travelling, what to do with the jumbo jet that defined the era of mass air travel?

Like most other passenger jets, the venerable Boeing 747 — the “Queen of the Skies” — and its newer superjumbo competitor, the Airbus A380, are parked at airports and desert storage yards, sitting out the travel freeze brought on by the pandemic.

But how many of these famous jets will return to the skies?

In the post-pandemic era, demand for travel is not expected to bounce back fast, meaning the economics of these jumbo jets make less sense, at least for hauling passengers.

Bracing for that business reality, airlines are announcing that some of the jets sitting idle will remain permanently parked, the 747 and A380 among them, in favour of smaller, newer and more efficient twin-engine aircraft.

Read the full story from the Star’s Bruce Campion-Smith

8:10 a.m. Since the outset of the COVID-19 pandemic, the city has seen a dramatic increase in homeless encampments across the city as inhabitants find themselves without shelter space and apprehensive of facilities that have become vectors for the deadly virus.

Early in March, the city imposed a moratorium on clearing homeless encampments, given the challenges of ensuring physical distancing in shelters. But the city has since resumed the removals of the encampments as they implement new, temporary housing measures for the homeless.

On Friday, standoffs unfolded between Toronto’s homeless and city officials at several downtown encampments as police officers and city workers cleared tents.

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Read the full story from the Star’s Jacob Lorinc.

Saturday, 7:59 a.m. India’s confirmed coronavirus cases have surpassed China’s, with the Health Ministry on Saturday reporting a spike to 85,940 infections and 2,752 deaths.

China has reported 82,941 confirmed case and 4,633 deaths since the virus was first detected late last year in the central city of Wuhan.

The worst-hit Indian states are Maharashtra with 29,100 cases, Tamil Nadu with 10,108, Gujarat with 9,931 and New Delhi with 8,895.

In the last 24 hours, India had confirmed 3,970 new cases and 103 fatalities.

Prime Minister Narendra Modi’s government is due to announce a decision this weekend on whether to extend the 54-day-old lockdown.

Early this month, the government started gradually easing the restrictions to resume economic activity by allowing neighbourhood shops to reopen and manufacturing and farming to resume. It also has resumed limited train services across the country to help stranded migrant workers, students and tourists.

Friday 6:52 p.m. Air Canada plans to lay off at least 20,000 employees as the COVID-19 pandemic continues to wreak havoc on the airline industry, The Canadian Press reports.

Effective June 7, the layoffs will impact more than half of the company's 38,000 employees, the airline said.

The move comes amid border shutdowns and confinement measures that have tanked travel demand, prompting Air Canada to ground some 225 airplanes and slash flight capacity by 95 per cent.

At a minimum, layoffs will reach 19,000 — half of the current payroll — and could go as high as 22,800.

The blow echoes Air Canada’s announcement in March to let go of nearly half of its workforce under a cost-reduction scheme.

The carrier proceeded to rehire some 16,500 laid-off flight attendants, mechanics and customer service agents in April under the Canada Emergency Wage Subsidy, but has not committed to maintain the program past June 6.

Friday 5 p.m. Ontario health units report 23,402 cases of COVID-19, up 394 or 1.7 per cent, according to the Star. The number of people who have died is 1,926, up 24.

Read more of Friday’s coverage here.

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2020-05-16 12:38:48Z
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