Amma: A tenacious leader who broke the glass ceiling

December 6, 2016

Chennai, Dec 6: Her supporters hailed her as 'Amma' (mother) and 'Puratchi Thalaivi' (revolutionary leader); her critics called her a ruthless autocrat who usurped democratic processes. But in a state where the reel is inexorably fused with the real, Jayaram Jayalalithaa proved herself to be one of the most tenacious politicians who served the state as Tamil Nadu Chief Minister for three terms. Known as Tamil Nadu's iron lady, Jayalalithaa, who hails from Mysore, is famous for her tough, spontaneous and populist decisions.

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Mentored by her senior acting colleague and former state Chief Minister MG Ramachandran, Jayalalithaa formally joined All India Anna Dravida Munnetra Kazhagam in 1982, at the age of 34. She worked hard to climb the party ranks to become the propaganda secretary, much to the chagrin of seasoned partymen, and was soon nominated to Rajya Sabha. MGR may have brought her to politics, but she rose to the top purely on her own merits, breaking new grounds for women.

When MGR was taking treatment in the US for his illness, AIADMK had to face the Parliamentary and Assembly polls in 1984. Jayalalithaa spearheaded her party to a spectacular victory, proving that she is equal, if not better, than her mentor when it comes to galvanising her party. After MGR's demise in 1987, AIADMK split vertically with Jaya heading one of the factions. In 1989 polls, she was elected from Bodinayakkanur and became the first woman leader of the opposition in Tamil Nadu Assembly.

In February that year, the party united under her leadership and she was elected the General Secretary. In 1991, Jayalalithaa led her party to a crushing victory to become the second woman Chief Minister of the state; MGR's widow Janaki being the first as she led a government that lasted for just 28 days. Jayalalithaa also became the first woman leader to complete a full term in the government, ruling the state from 1991 to 1996.

One specific incident that defined her early career as a legislator was the brawl inside the Tamil Nadu Assembly during which her sari was torn and abuses were hurled at her. A tearful and dishevelled Jayalalithaa left the Assembly complex that day vowing to return as Chief Minister, something she managed with in two years. Allegations of massive corruption made her government unpopular and she lost the 1996 elections to her rival DMK, which lodged several cases against her that she continues to fight until now.

Known for her strict handling of state bureaucrats, Jayalalithaa never hesitated to punish the civil servants who failed to discharge their duties. Jayalalithaa's early years were spent in Bengaluru, where she studied at Bishop Cotton Girl's School. As her family moved to Chennai, she went to the Presentation Convent Church Park School, where, after matriculating in 1964, she won a Government of India scholarship for higher studies.

Her dream of further studies was abruptly cut short, when her mother Sandhya persuaded her to act in films at the age of 16. She soon grew busy acting in Tamil, Telugu, Kannada, Malayalam and even doing a movie in English. Her only English movie titled 'Epistle' was released in 1961 and was produced by Shankar Giri, son of former President VV Giri. The most memorable of her Bollywood movie was Izzat, in which she played opposite Dharmendra, who later joined the BJP.

A voracious reader, Jayalalithaa was known to carry books to the film set and read between shots. Her favourite authors include Charles Dickens, Jane Austen, Oscar Wilde, Bernard Shaw, Danielle Steel, Pearl S Buck and James Hadley Chase. She maintains a large library with several collections. Asked what she thought of the description of her as “iron butterfly”, Jayalalithaa said: “I agree with the description 'iron', but why 'butterfly'? I don't think the word 'butterfly' fits me at all."

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Agencies
March 16,2020

While Google is still working on a coronavirus screening and tracking website, Microsoft Bing team has already launched a web portal for tracking COVID-19 infections worldwide.

The website, accessible at bing.com/covid, provides up-to-date infection statistics for each country.

The COVID-19 Tracker currently lists 168,835 as total confirmed cases, 84,558 active cases, 77,761 recovered cases and 6,516 deaths.

There are at least 3,244 confirmed cases of novel coronavirus in the US and at least 61 deaths.

"Lots of Bing folks worked (from home) this past week to create a mapping and authoritative news resource for COVID19 info," Michael Schechter, General Manager for Bing Growth and Distribution at Microsoft, was quoted as saying in a ZDNet report on Sunday.

An interactive map allows site visitors to click on the country to see the specific number of cases and related articles from a variety of publishers.

Data is being aggregated from sources like the World Health Organization (WHO), the US Centers for Disease Control and Prevention (CDC), and the European Centre for Disease Prevention and Control (ECDC).

Microsoft announced the website two days after US President Donald Trump said Google has begun working on COVID-19-related portal for US citizens.

Google's website is being built by Verily, a subsidiary of Alphabet focused on healthcare services.

"More than 1,700 engineers are currently working on the site", Trump said during a press briefing last week.

The tool will triage people who are concerned about their COVID-19 risk into testing sites based on guidance from public health officials and test availability.

Initially, there was some confusion on Google's coronavirus portal but the company later announced that it is "partnering with the US Government in developing a nationwide website that includes information about COVID-19 symptoms, risk, and testing information."

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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News Network
May 7,2020

Toronto, May 7: Scientists have uncovered how bats can carry the MERS coronavirus without getting sick, shedding light on what triggers coronaviruses, including the one behind the COVID-19 pandemic, to jump to humans.

According to the study, published in the journal Scientific Reports, coronaviruses like the Middle East respiratory syndrome (MERS) virus, and the COVID19-causing SARS-CoV-2 virus, are thought to have originated in bats.

While these viruses can cause serious, and often fatal disease in people, bats seem unharmed, the researchers, including those from the University of Saskatchewan (USask) in Canada, said.

"The bats don't get rid of the virus and yet don't get sick. We wanted to understand why the MERS virus doesn't shut down the bat immune responses as it does in humans," said USask microbiologist Vikram Misra.

In the study, the scientists demonstrated that cells from an insect-eating brown bat can be persistently infected with MERS coronavirus for months, due to important adaptations from both the bat and the virus working together.

"Instead of killing bat cells as the virus does with human cells, the MERS coronavirus enters a long-term relationship with the host, maintained by the bat's unique 'super' immune system," said Misra, one of the study's co-authors.

"SARS-CoV-2 is thought to operate in the same way," he added.

Stresses on bats, such as wet markets, other diseases, and habitat loss, may have a role in coronavirus spilling over to other species, the study noted.

"When a bat experiences stress to their immune system, it disrupts this immune system-virus balance and allows the virus to multiply," Misra said.

The scientists, involved in the study, had earlier developed a potential treatment for MERS-CoV, and are currently working towards a vaccine against COVID-19.

While camels are the known intermediate hosts of MERS-CoV, they said bats are suspected to be the ancestral host.

There is no vaccine for either SARS-CoV-2 or MERS, the researchers noted.

Follow latest updates on the COVID-19 pandemic here

"We see that the MERS coronavirus can very quickly adapt itself to a particular niche, and although we do not completely understand what is going on, this demonstrates how coronaviruses are able to jump from species to species so effortlessly," said USask scientist Darryl Falzarano, who co-led the study.

According to Misra, coronaviruses rapidly adapt to the species they infect, but little is known on the molecular interactions of these viruses with their natural bat hosts.

An earlier study had shown that bat coronaviruses can persist in their natural bat host for at least four months of hibernation.

When exposed to the MERS virus, the researchers said, bat cells adapt, not by producing inflammation-causing proteins that are hallmarks of getting sick, but instead by maintaining a natural antiviral response.

On the contrary, they said this function shuts down in other species, including humans.

The MERS virus, the researchers said, also adapts to the bat host cells by very rapidly mutating one specific gene.

These adaptations, according to the study, result in the virus remaining long-term in the bat, but being rendered harmless until something like a disease, or other stressors, upsets this balance.

In future experiments, the scientists hope to understand how the bat-borne MERS virus adapts to infection and replication in human cells.

"This information may be critical for predicting the next bat virus that will cause a pandemic," Misra said.

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