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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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1

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

2

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Arts & EntertainmentCoronavirus

Coronavirus drives Austin, Texas officials to cancel South by Southwest

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The Associated Press
The Associated Press
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March 6, 2020, 5:36 PM ET
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Austin city officials have canceled the South by Southwest arts and technology festival.

Mayor Steve Adler announced a local disaster as a precaution because of the threat of the novel coronavirus, effectively cancelling the annual event that had been scheduled for March 13-22.

Travis County Judge Sarah Eckhardt, the county’s top elected official, said no one in the Austin area has been found to have the COVID-19 virus. However, South by Southwest was expected to have drawn an international audience into close quarters, posing a serious threat of contagion.

Festival organizers said in a statement that they were “devastated” by the necessity of the move.

“’The show must go on’ is in our DNA, and this is the first time in 34 years that the March event will not take place. We are working through the ramifications of this unprecedented situation,” the organizers said in their statement.

The organizers noted that Austin Public Health had stated as recently as Wednesday that “there’s no evidence that closing SXSW or any other gatherings will make the community safer.”

“However, this situation evolved rapidly, and we honor and respect the City of Austin’s decision,” the organizers said.

The announcement comes days after several high-profile companies, including Netflix, tech news outlet Mashable, video-based social media platform TikTok and U.S. chip maker Intel, pulled out of the festival.

More than 50,000 people had signed a petition seeking to get the festival cancelled.

Actor Kumail Nanjiani, who had been scheduled to attend the festival to promote The Lovebirds, said he was disappointed but that he understood.

“Sxsw is one of my favorite festivals,” he tweeted. “Canceling it was the responsible thing to go. I know this sucks for many people for whom this was a massive opportunity. But we’re kind of in an unprecedented situation here and caution is key. Thank you for the making the right decision.”

https://twitter.com/kumailn/status/1236050414291705856?s=20

The festival drew 73,716 attendees last year, 19,166 of whom came from outside the U.S. Combined with SXSW’s gaming expo and education conference, the 2019 event drew 417,400 attendees, organizers said. An economic impact report found it contributed $355.9 million to the local economy.

The U.S. death toll from the coronavirus has climbed to 14, with all but one victim in Washington state, while the number of infections swelled to over 200 scattered across at least 18 states, including at least six cases in the Houston area.

More must-read stories from Fortune:

—Testing for coronavirus should be free, but it’s not always that simple
—Coronavirus is mutating: Chinese scientists find second strain
—Coronavirus is giving China cover to expand its surveillance. What happens next?
—The coronavirus is officially claiming its first corporate casualties
—Why the U.S. is so far behind other countries in coronavirus testing
—Travel insurance is booming, even though it doesn’t help flight changes and cancellations
—Six states are still not testing for coronavirus

Subscribe to Fortune’s Outbreak newsletter for a daily roundup of stories on the coronavirus outbreak and its impact on global business.

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