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Wall Street losses rise amid simmering Ukraine crisis

In this photo provided by the New York Stock Exchange, pundit Stephen Naughton works at his post on the trading floor, Tuesday, Feb. 22, 2022. Stocks swung between small gains and losses in morning trading on Wall Street on Tuesday as that tensions escalated in Ukraine during Russia's decision to send forces to the eastern regions of that country.  (Allie Joseph/NYSE via AP)

In this photo provided by the New York Stock Exchange, pundit Stephen Naughton works at his post on the trading floor, Tuesday, Feb. 22, 2022. Stocks swung between small gains and losses in morning trading on Wall Street on Tuesday as that tensions escalated in Ukraine during Russia’s decision to send forces to the eastern regions of that country. (Allie Joseph/NYSE via AP)

PA

Wall Street losses rose on Wednesday as world leaders waited to see if Russian President Vladimir Putin ordered troops deeper into Ukraine.

The S&P 500 fell 1.8% to an 8-month low, deepening the benchmark’s “correction” to a 10% loss from its recent high. More than 85% of S&P 500 stocks fell as technology companies weighed on the market. index the most.

The tech-heavy Nasdaq fell 2.6%, dragged down by steep losses from Apple and Microsoft. The Dow Jones Industrial Average fell 1.4%.

US Treasury yields rose slightly, as did gold prices.

Wall Street has been watching developments in Ukraine closely, where Russia has been amassing troops for a potential new invasion. Russia has started to evacuate its embassy in Kyiv. He has already sent soldiers to the eastern regions of Ukraine after recognizing the independence of some rebel-held areas.

The United States and Western countries responded with sanctions, and Germany withdrew a document needed to certify Russia’s Nord Stream 2 gas pipeline.

Energy prices have been volatile – Russia is the world’s largest natural gas producer and the third largest oil producer and a military conflict could threaten supplies.

Geopolitical tensions added to investor concerns about rising interest rates. The Federal Reserve is expected to raise interest rates at its next policy meeting in March. In anticipation of higher rates, investors had pulled money out of growth sectors such as technology stocks. The Russian-Ukrainian crisis has exacerbated this tendency to abandon riskier assets.

The latest losses added to Tuesday’s slump and the S&P 500’s slide toward a correction. The index saw its last correction in the spring of 2020, as the pandemic upended the global economy. That correction deepened into a bear market — a decline of 20% or more — as the S&P 500 fell nearly 34% in about a month.

“We are clearly, solidly in corrective territory at this point,” said Randy Frederick, vice president of trading and derivatives at Charles Schwab. “We need some kind of positive news, and there really isn’t much right now.”

The S&P 500 fell 79.26 points to 4,225.50. It is now 11.9% lower than the record level reached on January 3. Shares of some of the largest companies in the index have been hammered by the market slump since the start of the year. Meta, the parent company of Facebook, is down 41.4%, Tesla is down 36.3% and Microsoft is down 16.3%, while Alphabet, the parent company of Apple and Google, is down 12.9%.

Tech stocks led Wednesday’s wide losses. Microsoft and Apple fell 2.6%. The sector has an outsized influence on the S&P 500 due to high valuations of Big Tech companies.

The Dow Jones lost 464.85 points to 33,131.76, while the Nasdaq slipped 344.03 points to 13,037.49. The index is now 18.8% below its peak in November 2021.

Small company stocks also lost ground. The Russell 2000 Index fell 36.08 points, or 1.8%, to 1,944.09.

Retailers and other businesses that rely on direct consumer spending also weighed on the market. Amazon fell 3.6% and Starbucks 3.7%.

US crude oil prices remained volatile, slipping 0.3%, although energy stocks gained ground. Chevron rose 2.4%.

Bond yields rose slightly. The 10-year Treasury yield rose from 1.95% to 1.98% on Tuesday evening.

Wall Street also looks at how companies are handling supply chain issues and higher costs in their latest series of corporate bulletins.

Lowe’s rose 0.2% after raising its profit forecast for the year following a strong financial report in the fourth quarter. Security software maker Palo Alto Networks rose 0.4% after raising its profit forecast on strong cybersecurity demand.

TJX, the parent company of TJ Maxx and Marshalls, fell 4.2% after reporting disappointing fourth-quarter financial results.

___

Veiga reported from Los Angeles.

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Writer market

Writer offers WR Brandin Cooks as business option for Cardinals

Getty Images

Brandin Cooks in action against the Bengals in 2020.

With all the angst surrounding Arizona Cardinals quarterback Kyler Murray, general manager Steve Keim should be thinking of ways to help the 24-year-old feel comfortable.

In the wide receiver department, the Cardinals will see Christian Kirk and AJ Green enter free agency on March 16. That leaves Murray with DeAndre Hopkins, Rondale Moore, Antoine Wesley and Andy Isabella as his top four wides for 2022.

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It’s not enough. The Cardinals will surely be looking at markets for Kirk and Green as well as other free agent receivers and even the NFL Draft.

But in the meantime, a writer has suggested a wide receiver in the commercial market that might be available.


The writer offers a “realistic business option”

There has been speculation that wide receivers could be trade targets for the Cardinals this offseason by Cards media.

USA Today Card Feed writer Alexander Sutton called Atlanta Falcons WR Calvin Ridley a “perfect and realistic option” for the Cardinals. PHNX Cardinals journalist Venerable Johnny think the The cards must be exchanged for Baltimore Ravens WR Hollywood Brown, who recently deleted Instagram from his team social media and was Murray’s teammate at Oklahoma.

NFL Network Insider Mike Garafolo said on January 15 that “a fresh start could be in the cards” for Ridley, and that “league teams believe he will be available at some point”. But Ridley will have suitors with more draft ammunition, and the Cardinals surpass the $813,300 cap heading into the 2022 offseason according to Overthecap.com. As for Brown, the Ravens have shown no sign of wanting to trade the former first-round pick.

Writer USA Today’s Cards Wire chuck harris responded to a tweet from PHNX Cardinals asking if the Cardinals should reunite Murray and Brown by saying:

“A more realistic trade option, esp. if the Texans continue their rebuild, that would be WR Brandin Cooks. There were rumors last season about Cooks just before the trade deadline. The Cooks are 1 year on the current contract (+ 2 years cancellable) and would not cost a 1st (prob. a 2nd and late).

There was interest in the cooks ahead of the 2021 trade deadline. But ESPN’s Dan Graziano said in October he didn’t “get it” the Texans were willing to trade cooks. Cooks finished the year catching a career-high 90 passes for 1,037 yards and six touchdowns.

Still, the former Saints’ first-round pick is aware of the move as he’s been traded three times in his career. Although Cooks didn’t reach a Pro Bowl in his eight-year career, he eclipsed 1,000 yards in six of them. He also appeared twice in the Super Bowl, once with the New England Patriots and once with the Los Angeles Rams.

Cooks was traded from the Rams to the Texans and was the attempted solution, not the problem for a team that has been 8-25 the past two seasons. According to Pro Football Focus, Cooks’ 77.4 offensive rating in 2021 placed him 25th among all receivers.

The veteran receiver is entering the final year of his contract, which is worth $12.5 million in base salary. It would make sense for the Texans to trade cooks in 2022 for a capital project knowing they are in a rebuilding situation.


A question that remains

Cooks would be a great choice for the Cardinals as the team will be looking for an outside threat in 2022. While Green was productive, the team could try to find a younger answer on the outside.

The 28-year-old had an average target depth of 11.8 and 10.5 in his two seasons with the Texans and would create havoc for teams to guard Hopkins, Moore and the veteran receiver.

Harris noted that it likely takes a second-round pick to land Cooks. The Cardinals could see how the season goes for the Cooks and then the veteran enters free agency in 2023. It’s not a question of whether the Cardinals should trade for the Cooks. The question is, “Would the Texans deal with the Cardinals again?”

The Cardinals traded running back David Johnson, a second-round pick and a fourth-round pick to the Texans for Hopkins in 2020. Then-Texans head coach and general manager Bill O’Brien said been heavily crucified for the blunder of an exchange. Johnson had just 919 rushing yards the past two seasons and O’Brien’s two draft picks didn’t work out. O’Brien was fired after an 0-4 start in the 2020 season.

While the Texans have new head coach Lovie Smith and general manager Nick Casserio, owner Janice McNair is still in command of the ship. Jack Easterby has also served as executive vice president of football operations since 2020 and may have a bad taste of the Hopkins deal’s mouth.

Yes, we tend to think that organizations don’t care about public perception. But it’s safe to say that the Texans are unlikely to provide two outstanding wide receivers for the Cardinals since 2020.

But hey, crazier things have happened.


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Fiction publisher

New book on Sheikh Mohammed released at Emirates LitFest in Dubai

Dubai: A new book on His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, was launched at the Emirates Airline Literature Festival in Dubai on Sunday.

“Dare to Dream: How Mohammed bin Rashid Achieved His Dream” by Raed Barqawi, Executive Editor of Al Khaleej Newspaper, was unveiled in the presence of Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO of Emirates Airline and Group.

Published by Motivate Media Group, the book highlights how Sheikh Mohammed’s vision and leadership have made Dubai a success story, a global hub for talent and a place where they can find resources and opportunities to achieve their dreams.

Address key questions

Barqawi has been a renowned journalist for over three decades and has had a front row seat to seeing Sheikh Mohammed’s dream come true. He said: “I tried to answer two key questions in my book: first, how did Mohammed bin Rashid achieve the impossible and make Dubai a unique global role model? And second, how did His Highness manage to reinforce a culture of dreaming in the Arab world, a world that had stopped dreaming decades ago?

He added: “It is fascinating to be surrounded by a personality like His Highness, who has raced against time to improve the present and the future not only of the Emiratis but of all Arabs. His perseverance and his ambition have driven me to dig deeper into the history of the United Arab Emirates over the past 50 years and shed light on how dreams can be realized in the race to be counted among the top 10 nations in the world. With confidence and determination, His Highness decided to dream for his country and his people, and today we are reaping the fruits of these dreams.

“A Miracle Every Day”

Barqawi told Gulf News that Dubai’s history under Sheikh Mohammed’s leadership is nothing short of a “miracle”. He said: “We have to tell the world what we have done here in Dubai and the UAE is a miracle – a place that was once a desert, with a hard life, has turned into a paradise. It is a miracle that you can see every day.

He added that due to his extensive coverage of business stories during much of his journalism career, he had the privilege of reporting on major projects in Dubai, which deepened his understanding of the strategic path. that the emirate was undertaking in its transformation.

Barqawi said an English version of the book is due out in late March.

From past to present

In this book, Barqawi delves into the history of the United Arab Emirates and takes the reader on a journey through Sheikh Mohammed’s past, childhood and youth to analyze the factors that helped shape his personality. It then transports the reader to the present to demonstrate the impact of those very factors of Dubai’s success that have made it the focus of the world. Drawing on his privileged position as a journalist closely following the rise of Dubai, Barqawi also offers his vision of the future of the emirate and its unprecedented rate of growth.

“I don’t know when I wake up what this nation would have accomplished,” he said.

The book examines Sheikh Mohammed bin Rashid as a philosopher who turned fiction into reality, whether economically, socially, administratively and as a leader. The book is divided into three chapters: Working Wonders, A Man Destined to Lead and The Oasis of Imagination, and includes an introduction (The Wind Beneath His Wings) and an epilogue (Life is a Story of Our Dreams).

Barwaqi’s royalties from sales of the book are donated to the Dubai-based Al Noor Training Center for People with Disabilities.

Dedication

On Sunday, Barqawi held a book signing at the festival, which was attended by several officials and media personalities. He said, “I would like to express my gratitude and appreciation to my publisher and everyone who helped bring this book to life.”

Ian Fairservice, Managing Partner and Group Editor of Motivate Media Group, said: “We are proud to have published this phenomenal book about His Highness. This book is about the wisdom and foresight of His Highness Sheikh Mohammed bin Rashid and the impressive development of the United Arab Emirates. Raed is one of the most distinguished voices in journalism and it will be a fascinating read for anyone who has marveled at the incredible growth story of the Emirate of Dubai and the United Arab Emirates.

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Fiction publisher

Karen Joy Fowler examines an American anti-hero

Karen Joy Fowler takes her time. After all, it takes time to transport readers to new worlds and through time, and to imagine the kinds of characters readers feel they already know to make those journeys.

Speaking via Zoom from her bright dining room in Santa Cruz, Calif., Fowler has the energy of a cool librarian who feels a bit guilty for having the chance to work among stacks of books. Her blue eyes light up when discussing how and why certain stories haunt their writers before they can enchant readers.

Fowler is the author of six acclaimed novels (two of which became New York Times bestsellers) and four collections of short stories (two of which won the World Fantasy Award). Her 2004 novel Jane Austen’s Book Club was made into a cult film directed by Robin Swicord, and in 2013 We are all completely beside ourselves won the PEN/Faulkner Prize and was shortlisted for the Man Booker Prize in 2014.

But Fowler’s new novel may be his most ambitious yet. Booth, coming from Putnam in March, tells the story of the Booth family, focusing on a handful of John Wilkes’ siblings, to paint a picture of the time, place and people who produced the man who assassinated Abraham Lincoln.

Fowler’s own story begins in Bloomington, Indiana, 71 years ago. A decade later, his family took over and headed west to Palo Alto, California. She has always had an interest in writing and was the editor of her high school’s creative writing journal. However, it never occurred to him that writing could be a career. So instead, she graduated from UC Berkeley with an undergraduate degree in South Asian studies and earned a master’s degree in Northeast Asian studies from UC Davis.

“Exactly what job I thought I would get with those degrees is a mystery that remains to this day,” Fowler says with a laugh. “I just loved the stories. The stories of the arrival of the Europeans, the misunderstandings – sometimes innocent, sometimes not – that occur when two cultures meet. The story of all the stories embedded in the history of the place is the part that I really like.

Fowler had a daughter during the last spring break of her master’s program. After graduating, she stayed home to raise him and, later, his son. Fowler was 30 when her son started elementary school and she suddenly found herself with free time. She figured out how to fill it when she joined a writing workshop in Davis.

She is, according to Putnam Senior Vice President and Publisher Sally Kim, “a writer’s writer, in addition to a readers’ favorite.” Kim adds, “Honestly, I’ve lost track of all the authors who have told me they count Fowler as one of their favorite literary influences. Part of her appeal is how she is able to write a completely different book each time.

Perhaps Fowler’s curious eye is what his far-reaching books and stories have in common. She doesn’t anticipate it, but she can’t help but find new links between disparate sources. While writing about the California Gold Rush, she was reading about the construction of the London Underground system and found a “strange but fair” detail she could use. This constant cross-pollination of ideas helps keep his timeless stories feeling fresh again and again.

Fowler’s breakthrough came when her sci-fi short story “Recalling Cinderella” was published in L. Ron Hubbard Presents Writers of the Future, Vol. 1 in 1985. Long since his first novel, Sarah Canary, who arrived with a bang in 1991, she went on to write fantasy short stories and won a World Fantasy Life Achievement Award in 2020. Her science fiction collections What I didn’t see and Always won her the Nebula Award, and her short story “The Pelican Bar” won the Shirley Jackson Award.

In fact, it was a short story she wrote about time travel and the Lincoln assassination that sparked Fowler’s interest in the Booths. While researching this story, she read how the Booths settled in a cabin outside Baltimore in 1822, where some of their 10 children would help them become one of the nation’s leading theatrical families. Fowler found herself reading about older brother Edwin’s return to the stage after Lincoln’s death (and writing another short story). She wrote a third story about the funeral of their father, Junius Booth Sr., once held for carrier pigeons. At that moment, she could no longer look away.

Donald Trump was elected president while Fowler was knee-deep in his early search for Booth. The day after the election, she went to her local pet shelter and returned with a puppy, a white poodle mix she named Lily. Lily became his comforting companion on walks during the long dark days.

The shock of Trump’s rise to power left Fowler desperate and feeling stuck for nearly a year. “It seemed pointless to write about anything else, and it took me much longer than necessary to realize that I wasn’t writing about anything else,” she says. “The more I read Lincoln’s warnings about the tyrant and the mob, the more I immersed myself in the years leading up to the Civil War, the more the road from here to here became brightly lit.”

John Wilkes Booth still mystifies Fowler. He was a white supremacist fanatic, insensitive to the suffering of enslaved black people but deeply moved by the suffering of white people during the war. He hated Lincoln for pushing the country toward emancipation. Booth was not alone in this, of course, but on April 14, 1865, he followed through on his grievances.

Booth is an epic tale, saturated with details unearthed over time. “For all my books, even my contemporaries, I spend about a year researching before I start writing,” Fowler says. “Doing the research, in many ways, is when the story starts to take shape, when I see what I have.” It’s slow work, but she loves to dig.

She knew she didn’t want to write a book about a man who needed attention and got a lot of it. So she centered the story around her sisters, Rosalie and Asia, and her talented brother Edwin to produce a vision of a nation at war for its identity, revealed through the rise and fall of a family.

The search for the Booth family reminded Fowler of a discovery she had made long ago. Early in her career, before publishing anything, she had heard writing advice from poet Carolyn Forché that she would never forget: “Don’t expect the muse to hunt you down. grocery store. If you’re not at your desk, she’ll find someone who is.

Fowler agreed wholeheartedly. But she couldn’t sit still. “I’ve never been able to squeeze more than three days of writing together,” she says. “I tend to write in spurts. I’ve been doing this for over 40 years now, so I decided to drop that part of me.

In fact, this is where Fowler starts with his own creative writing students. “I tell them you’ll hear all kinds of ways writers make books, and you’ll think it sounds so smart, so much better than the way I do it,” she says. “But the way you do it when you’re just starting out and groping your way up is your process. If you demand things of yourself that didn’t come naturally, the thing that will be lost is the joy you felt there. There are all kinds of ways to write a book, and the way you do it is fine.

Victoria Scanlan Stefanakos wrote for Forbes, Newsweek, and working mother.

A version of this article originally appeared in the 01/31/2022 issue of Weekly editors under the title: American Antihero

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Reading and writing

With lessons learned from 2021, here’s what to expect for the year ahead – Marin Independent Journal

The last two years have followed a plot reminiscent of Bill Murray’s film “Groundhog Day”.

Every morning we wake up hoping we can move on, but as the drowsiness of our slumber wears off, we realize the pandemic is continuing, cable news and TikTok remain the most trusted sources of news. of America, and CVS is always throwing 3ft receipts to its “Esteemed Customers.

Like Murray’s character, some of our commendable neighbors have taken advantage of this monotonous time to try something new or improve. Peloton workout machines sold in the millions as people focused on improving their fitness. Pet adoption skyrocketed as people added furry companions to their pods for social distancing, as required by the COVID-19 pandemic. Alcohol sales soared as people rewarded themselves for training so hard and eased nagging worries that maybe they didn’t need that 50-pound ‘boxerdoodle’.

As the New Year approaches, we can find strength in knowing that 2022 will not be a repeat of the past two years. Here are some of the changes not to miss in our near future.

• We can flush the toilet again without guilt. Whoever invented the dry song “if it’s yellow, let it mellow” didn’t know the meaning of the word mellow or owned the patent for scented candles.

• The cost of housing will drop. Of course, that’s only true if you’re part of the recently reported exodus from county and state for lower-cost and tax locations (or if you start charging your kids – or boxerdoodle – rent ).

• Gavin Newsom will be running for governor. Of course, it looks like he just ran for governor. But political pundits agree that his 2021 encore performance was more of a tap dance than a race and, in any event, was actually an early fundraiser for his 2024 presidential bid.

• The outdoor dining war will escalate. The tables on the sidewalks and in the streets of Marin have been a boon for restaurateurs. They are savored by the restaurant public. It must be recognized that this hosting is a valuable gift and a competitive advantage for these companies. This is clearly hurting other retailers due to reduced parking and crowded sidewalks. Hopefully this will be resolved not through the lenses of racial justice or climate change, but on how good their avocado toast is.

• Public schools will be open for in-person learning. The educational losses from the pandemic shutdowns were simply too damaging to be repeated. Apparently our children need to be taught to be green, easily offended, secular savvy. What better place to learn this than a chemistry lab and a gym class? As a bonus, some children will also encounter reading, writing and arithmetic.

• Kamala Harris will head for the border. The vice president’s efforts to address the immigration crisis have been as impactful as Taco Bell is authentic Mexican food. If Harris wants to position herself for a presidential “enchilada” race in 2024, she will focus on immigration solutions as narrowly as a tortilla on a burrito grande. It will first have to stabilize its staff, which has a higher turnover than most fast food restaurants.

• Smash-and-grab crime will drop. Not here, of course, but someone somewhere will realize that allowing parked cars and retail stores to be piggy banks for scoundrels is bad public policy driven by “big glass.”

• We will enjoy a full year of inflation. While the consumer price index was subdued for more than a decade until April 2021, we can expect a blistering 12-month inflation in 2022. If 1970s-style price increases are in classes, can leisure suits and pet stones be far behind?

• We don’t have to worry about COVID-19 boosters anymore. We’ll call them annual flu shots instead. Better yet, if we call them tequila shots, maybe vaccination rates will go up.

Each year brings its own surprises, challenges and delights. In that regard, 2022 will be no different after all. Good year.

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Reading and writing

Richard Clarida quits Fed early after new transaction questions

Richard H. Clarida, vice chairman of the Federal Reserve, announced Monday that he would resign from his post two weeks earlier than expected. Although he didn’t give a reason, he had come under scrutiny for transactions he made in 2020 as the central bank was on the verge of saving financial markets.

“With my statutory term as governor expiring on January 31, 2022, I am writing to inform you that I intend to resign from the board of directors on January 14, 2022”, wrote Mr. Clarida in a letter to the president. . Biden that the Fed released on Monday.

The New York Times reported last week that Mr Clarida corrected his financial information for 2020 at the end of December. Ethics experts said one of his updated transactions raised questions – he sold an equity fund on February 24 before buying it back on February 27, just before the Fed chairman announced. on February 28 that the central bank was ready to help the markets and the economy.

His first statements had only noted the purchase of the equity fund, which the Fed had described in its name as a planned portfolio rebalancing. But the rapid move out and back of stocks called that explanation into question, some experts said, and the buyout could have put Mr. Clarida in a position to benefit as the Fed reassured markets.

Neither the Fed nor Mr. Clarida provided a new explanation for the transactions, although the Fed’s ethics office noted in the updated record that they always appeared to be in compliance with conflict of interest laws.

Mr Clarida’s updated disclosure garnered widespread media coverage and the attention of lawmakers. Massachusetts Senator Elizabeth Warren called on the Fed on Monday to release more information on the transactions of senior Fed officials in light of the news.

The amended disclosure and the rush of attention came at an inopportune time for Jerome H. Powell, the Fed chairman, who was reappointed to his post by Mr. Biden. He is due to appear Tuesday at a confirmation hearing before the Senate Banking Committee.

Ms Warren sits on the banking committee, so Mr Powell is always pretty sure he is wondering why some Fed officials traded so actively as the markets turned and the Fed staged a huge bailout at the start of the pandemic.

“The whole story of rebalancing, which just collapses over the fact that it sold and then bought,” said Simon Johnson, an economist at the Massachusetts Institute of Technology. “If you’re President Powell, you don’t want your reconfirmation hearing to focus on that. “

Mr Powell and his colleagues have revamped the central bank’s ethical guidelines in recent months – issuing plans in October to revise them and prevent many types of financial activity, including trading in times of turmoil. He can point out that this shows how seriously the Fed has taken the issue.

Mr Clarida’s resignation is the latest development in a months-long trade scandal that has involved senior officials and prompted high-profile departures at the Fed.

Financial information released in late 2021 showed Robert S. Kaplan, the former chairman of the Federal Reserve Bank of Dallas, had made large transactions in individual stocks, while Eric S. Rosengren, the former president of the Boston Fed, had traded real estate securities. These measures prompted an immediate and intense reaction from lawmakers, ethics experts and former Fed employees.

Fed officials actively rescued a wide range of markets in 2020. In March and April, they cut rates to zero, bought mortgage and government bonds en masse, and implemented debt bailouts. businesses and municipalities.

The concern is that continuing to process the affected securities for their own portfolios throughout the year could have given managers the opportunity to benefit from their insider knowledge.

Mr. Kaplan resigned in September, citing the scandal; Mr Rosengren resigned simultaneously, citing health concerns.

Mr. Clarida’s term was to end at the end of this month because his seat as governor was expiring. Bloomberg News first reported on his purchase of equity funds – which was visible before he corrected the disclosure – in October.

Although Mr Clarida did not address the trade issues in his resignation letter, he referred to them indirectly during a speech late last year.

“I have always fulfilled honorably and with integrity of public service obligations,” he said. said in mid-October.

the The Fed’s government watchdog investigating those responsible for transactions made in 2020 and Ms Warren has requested an investigation from the Securities and Exchange Commission. The SEC does not comment on whether such investigations are ongoing.

Mr. Clarida has served as Vice President since 2018, and during that time he has been a close associate of Mr. Powell’s and a valued Second-in-Command. His speeches were closely watched by Wall Street for the political signals they often offered, and he was praised for his skills as a clear and careful communicator.

He also led a campaign to revamp the Fed’s policy-making framework to make it more jobs-oriented and better suited to the challenges of the modern economic age, a hallmark of the Fed’s first term. Mr. Powell.

“I will miss his wise advice and vital ideas,” said Mr. Powell in a statement announcing the early departure of Mr. Clarida.

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Reading and writing

Rose Parade returns to Pasadena amid Omicron wave and smaller crowd

The parade of roses is back.

After the coronavirus forced its first cancellation since World War II last year, the whimsical, flowery procession returns to Pasadena on Saturday.

The parade begins at 8 a.m. PT, with actor and TV host LeVar Burton as Grand Marshal. The theme is “Dream. To achieve. To believe.”

While the return of the Rose Parade is seen by many as a joyous respite from a painful two years of the pandemic, it is overshadowed by a dramatic increase in COVID-19 cases fueled by the highly contagious Omicron variant.

As onlookers from across the country lined Colorado Boulevard, nearly one in four people in Los Angeles County who are tested positive for the coronavirus, and the daily number of new confirmed infections is doubling every two days.

The crowd before the parade was considerably smaller than in the past. Although some people have camped along the route since noon on New Years Eve – a beloved tradition for those hoping to get a good view of the floats – a family arrived at 6 a.m. on Saturday and found a spot in the first row.

On Thursday, Kaiser Permanente canceled plans to involve frontline medical staff in the Rose Parade.

“We need to prioritize the health and safety of our frontline medical staff and ensure that we are able to treat patients during this recent spate of COVID-19 cases caused by the Omicron variant,” said the health system said in a statement.

Kaiser had planned to have 20 medical workers on horseback and on foot in front of his float, which is titled “A Healthier Future” and features the characters of four children, including one wearing a stethoscope and caring for a teddy bear named Booster. The float will always be in the parade.

Many health and safety measures are taken by the event organizers, including the cancellation of indoor events leading up to the parade.

“All of the planning we have done has positioned us well to be able to host the Rose Parade in a safe and healthy manner,” said David Eads, Executive Director of the Tournament of Roses.

“The general feeling of renewal and rebirth of the Rose Parade is in the foreground with everyone. We found a few words for it: “A parade, two years of preparation” and “The flowering is back”.

The Tournament of Roses requires the more than 6,000 parade participants, including people on floats, marching bands and horse riders, to provide proof of vaccination or a negative coronavirus test within 72 hours of the start of the event. event.

Parade spectators aged 12 and over in paid areas, including grandstands, will also be required to provide proof of vaccination or a negative test within 72 hours. Ticket holders aged 18 and over will be required to provide photo identification, and all participants aged 2 and over in these areas will be required to wear a mask.

Along the remainder of the 5.5-mile route, where people can just walk and watch, negative vaccination and test results will not be verified.

“What we are asking is that they take their personal responsibility,” by staying in family pods, distancing themselves as much as possible and wearing masks, Eads said.

This year’s parade will feature 43 floats, 20 marching bands and 18 equestrian units, according to the Tournament of Roses.

Michelle Van Slyke, senior vice president of marketing and sales for the UPS Store, said in an interview that preparations for the company’s float – which is called “Rise, Shine & Read!” and features a bright yellow bespectacled rooster named Charlie reading to a group of chicks – lasts for about a year.

In 2020, planning for the floats was already underway when the Rose Parade ended the event due to the pandemic. But the UPS Store, she said, “had its hands full” as a critical business that has remained open amid the closures.

This week, as the final decorations were applied to the float, she said “safety is the number one priority” and masking and social distancing have been essential.

The company’s tank is huge: 35 feet high and 55 feet long. Van Slyke said it weighed around 24 tons, with 12 moving parts and 130,000 flowers.

“If you want to do it, do it in a way that will be fun and magical,” she said. “We all know we’re in the too short-lived category these days, and we want to shine some light after everything we’ve been through the past two years.”

Van Slyke grew up in San Bernardino and came to the Rose Parade year after year with his grandfather, a construction worker who came every year, even though he was alone. They spent the night along the parade route with chorizo ​​and egg burritos and hot chocolate in thermos.

“My grandfather would be delighted if he knew I was involved in assembling a tank,” she said.


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Writer market

Biden to Keep Powell as Fed Chairman, Brainard Becomes Vice Chairman | Economic news

By CHRISTOPHER RUGABER, economic editor of the AP

WASHINGTON (AP) – President Joe Biden on Monday said he was appointing Jerome Powell to a second four-year term as Federal Reserve Chairman, endorsing his handling of the economy through a brutal pandemic recession in which politicians The Fed’s ultra-low rates have helped boost confidence and boost the job market.

Biden also said he would appoint Lael Brainard, the only Democrat on the Fed’s board of governors and the preferred alternative to Powell among many progressives, to the post of Vice President.

His decision strikes a note of continuity and bipartisanship at a time when soaring inflation is weighing on households and increasing the risks for the recovery of the economy. By supporting Powell, a Republican who was elevated to his post by President Donald Trump, Biden dismissed progressives’ complaints that the Fed has weakened banking regulations and has been slow to factor climate change into its oversight. banks.

“When our country suffered a job hemorrhage last year and there was panic in our financial markets, Jay’s consistent and decisive leadership helped stabilize markets and put our economy on the back burner. on track for a solid recovery, ”Biden said, using the Powell nickname.

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In a second term that begins in February, Powell would face a difficult and high-risk balance: inflation has hit a three-decade high, causing hardship for millions of families, darkening the recovery and undermining the tenure of the United States. Fed to keep prices stable. But with the economy still more than 4 million jobs below its pre-pandemic level, the Fed has yet to fulfill its other mandate of maximizing employment.

Next year, the Fed is expected to start raising its benchmark interest rate, with financial markets forecasting at least two increases. If it moves too slowly to raise rates, inflation can accelerate further and force the central bank to take more drastic measures later to bring it under control, potentially causing a recession. Yet if the Fed raises rates too quickly, it could stifle hires and the recovery.

If confirmed, Powell would remain one of the most powerful economic leaders in the world. By raising or lowering its short-term interest rate, the Fed seeks to slow or stimulate growth and hiring, and keep prices stable. His efforts to lead the US economy, the world’s largest, usually have global consequences.

The Fed’s benchmark rate, which has been close to zero since the pandemic hit the economy in March 2020, influences a wide range of borrowing costs for consumers and businesses, including mortgages and cards credit. The Fed also oversees the country’s largest banks.

For months, Powell has been the front-runner to be re-elected, but a vigorous campaign by environmental and public interest groups in favor of Brainard has darkened the picture in recent weeks. Critics, including Senator Elizabeth Warren, D-Massachusetts, have argued that Powell relaxed banking regulations put in place after the 2008-2009 financial crisis.

And two other senators voiced their opposition to Powell last week because they said he was not sufficiently committed to using the Fed’s regulatory tools to fight global warming.

Brainard, meanwhile, has cast 20 dissenting votes against changes to financial rules over the past four years. In March 2020, she opposed a regulatory change that she said would reduce the amount of reserves that big banks had to hold to hedge against losses. She also spoke more forcefully than Powell about ways the Fed can deal with global warming.

Biden sought to allay those concerns. He said Powell had pledged to make climate change “a top priority” and agreed to ensure “that our financial regulations stay ahead of emerging risks.”

“Jay, along with the other members of the Fed board that I will appoint, must ensure that we never again expose our economy and our American families to these kinds of risks,” he said. at the White House, referring to the 2008 financial crisis.

Biden still has the option of filling three other positions on the Fed’s board of governors, including that of vice chairman of oversight, a prominent banking regulatory post. Those positions will be filled in early December, Biden said.

Biden admitted that some Democrats had encouraged him to choose a new Fed chairman, for a “fresh start.” But he said he wanted to go in a different direction.

“We need stability and independence at the Federal Reserve,” he said. “I think broad, bipartisan Fed leadership is important, especially now, in such a politically divided nation.”

Biden praised Powell for his efforts to achieve maximum jobs, but did not press him on inflation, which has become the biggest economic threat to his administration. Biden said the US economy is in the midst of a “historic recovery” which gives the Fed the opportunity “to attack inflation from a position of strength, not of weakness.”

Powell said “we know that high inflation negatively impacts families, especially those who are less able to afford the higher costs of basic necessities, such as food, shelter and transportation.” . He pledged to use the tools of the Fed – mainly by raising interest rates – “to prevent higher inflation from taking hold.”

Powell’s re-appointment is expected to have broad approval by the Senate Banking Committee, and then by the Senate as a whole.

Some liberal Democrats such as Sen. Sherrod Brown of Ohio, chairman of the Banking Committee, have supported Powell, as have moderate Democrats, including Sen. Jon Tester of Montana. He was also endorsed by Sen. Pat Toomey, R-Pa., The leading Republican on the panel, and will likely receive broad support from Republicans.

Wall Street applauded the renomination, with stock prices rising and fear measures easing in the market immediately after the announcement. The S&P 500 is about to close at another record.

The 68-year-old lawyer was appointed to the Fed’s Board of Governors in 2011 by President Barack Obama after a lucrative career in private equity and after holding several positions in the federal government.

Unlike his three immediate predecessors, Powell does not have a doctorate. in economy. Yet he earned generally high marks for handling perhaps the world’s most important financial situation, especially in his response to the coronavirus-induced recession.

Still, soaring inflation forced the Powell Fed to slow down its economic stimulus sooner than expected. At its last meeting in early November, the central bank said it would start cutting its monthly bond purchases by $ 120 billion this month and likely end it by mid-2022. These purchases were aimed at keeping long-term borrowing costs low to stimulate borrowing and spending.

For months, Powell called inflation “transient,” but more recently he admitted that higher prices had persisted longer than expected. At a press conference this month, Powell acknowledged that high inflation could last until the end of summer 2022.

Brainard’s rise to the number 2 position of the Fed follows the key role it played in the Fed’s emergency response to the pandemic recession. She is part of a “troika” of key policy makers that includes Powell and Richard Clarida, whom she will replace as vice president in February.

Brainard was the architect of the Fed’s new policy framework, adopted in August 2020, under which it said it would no longer hike rates simply because the unemployment rate had fallen to a low level that could boost the economy. ‘inflation. Instead, the Fed said it would wait for real evidence of the price hike.

Brainard also played a key role in the Fed redefining its maximum employment target as “broad and inclusive,” taking into account the unemployment rate of blacks and other groups and not just Americans as a whole. political decisions.

She also discussed ways in which the Fed could take climate change into account more directly in banking supervision. Many environmental groups say loans to oil and gas companies, as well as commercial real estate developers, could default and cause significant losses to banks if environmental damage worsens or renewables provide a larger share. of electricity production.

“Climate change,” she said, “is expected to have profound effects on the economy and the financial system, and it is already inflicting damage. “

Associated Press writer Josh Boak contributed.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Watch master class entertainment, shopping and live streaming in one great Shopstream app

SINGAPORE–(COMMERCIAL THREAD) – Shopstream:

INTRODUCTION

Livestream-driven market launches APP ‘Shopstream360 ‘ in Singapore after a successful launch in Hong Kong. Brands and designers can engage consumers via interactive live broadcasts that are connected to a “a click”Shopping experience.

On track for global deployment, Singapore is the second city in the company’s aggressive expansion plan. Shopstream makes it easy for creators to monetize their influence by creating their personalized storefront with featured products in official stores where consumers can shop instantly.

“We had an amazing launch in Hong Kong where our audience has gone from nothing to thousands overnight and merchandise sales are getting faster and faster.” Jane Dee, Vice President of Partnerships, Hong Kong.

Shopstream is a live streaming focused technology company that offers a unique live shopping experience. Designed for small and established businesses that serve both local and global consumers, the company has designed a seamless integration of live streaming, user interaction and CRM e-commerce functionality.

Shopstream believes that consumers want to live better and buy better quality products. “The Marketplace offers high quality masterclasses, entertainment and shopping in one destination app.” Joe Cheung, Technical Director.

Brands can use the platform to set up their Shopstream online stores, manage live streaming, and engage with audiences. Service providers can also adopt the “Pay to see”To share expert content or entertainment. Official Ambassador of the Shopstream brand in Singapore Dawn sim, expert in fitness and well-being joins the market.

“Over the past 20 years, teaching has been my passion and seeing transformational change in students and friends. I am excited about the new opportunities that Shopstream offers to make my business and my content more accessible to local and global audiences. . It can really transform the way we teach, share content and grow our business ”- Dawn sim

EXCITING START IN SINGAPORE

As part of the launch activity, Shopstream organizes themed events throughout November specially tailored to the Singapore market and the food segment is naturally an important part.

The “Love the kitchen ” segment is the pilot live cooking show that features local celebrity chefs Derek Cheong and Sandra Lim cook with local and organic ingredients with products from Mingle Seasoning, Just Produce, Urban Origins and as well as other top brands including the TOTT lifestyle appliance brand.

11e November or Singles Day is named “Day off”Dedicated to a resort life experience filmed live from Sentosa Sofitel’s private Villa Au Jardin with high-end swimwear brand La Pêche Swimwear, Cia Maritima, Yumi Active from Singapore and exclusive Korean skin care brand. SooSul skin featured by top influencers Dawn Sim, Sheena Phua, Joanna Lim and Noel Lin.

Brand Ambassador Dawn Sim will also broadcast an exclusive poolside yoga session on the 12th.e November.

MEMBERS ONLY APPROACH FOR PARTNERSHIPS

Shopstream adopts a careful onboarding process for brands and influencers with an emphasis on sustainability and quality products.

“We are taking a much stronger push towards a lifestyle that is pro-climate and pro-health. Products and ideas that help us eat less meat, reduce the use of plastic and reduce energy consumption. We speak with our portfolios supporting any business that has this goal. We want to help our consumers make better choices by organizing brands in a destination market. “- Ivy Long, Vice President of Singapore Partnership

Singaporeans keen to support local brands can shop for homemade Nyonya cookies at Pandan Street Bakery, shop for unique crystals from Gemstory, watch a live interview with gluten-free ice cream brand Kind Kones as well as support local art with a live visit to Art Porters gallery plus online store for exclusive works of art. Shopstream also has a section dedicated to kids and parenting needs with independent book and toy store The Toy Folks and BAKOBA whose Imagimal series is great for young toddlers.

” On the spot”Are programs sponsored by Shopstream to present the best restaurants and bars with the best food critics and professionals in the industry.

SHOPSTREAMPRO APP – COMPANION OF CREATORS AND INFLUENCERS

Shopstream offers several improvements on the application of its creators ShopstreamPro. First, Shopstream allows selected influencers to configure their personalized storefront in a feature called “The creator’s flagship”Where fans can immediately click and buy recommended products with just one click. A unique pairing feature named ‘MakeMatch”Also allows influencers to add products from any brand in the market to showcase on their store, thus enabling concepts such as“ Buy the Look ”. Finally, creators can monetize their brand by taking advantage of an automated sales commission system on all cross-promoted items.

PRO BONO EFFORTS FOR NGOs

One of Shopstream’s key pillars is using live streaming to help inspire better business strategies and showcase solutions that bring positive climate change as well as help NGOs raise awareness of their causes. The company has featured NGOs like Help For Children and International Care Ministries and aims to do more and new formats in Singapore.

DOWNLOAD SHOPSTREAM360

The Shopstream360 app can be downloaded for free from Apple Store and Google Play Store. Shopstream has Tokyo the next on its launch at the end of 2021.

Click to download quickly

https://qrco.de/bcP1HA

Influencer registrations

ShopstreamPro

Merchant registrations

Marques.shopstream360.com


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Writer market

companies looking for staff before the holidays | Economic news

By JOSEPH PISANI, AP Retail writer

NEW YORK (AP) – All employers want this Christmas is vacation help. But they might not get their wish.

Companies that typically hire thousands of seasonal workers are heading for the holidays during one of the tightest job markets in decades, so they’re unlikely to find all the workers they need. For shoppers, this can mean a less joyful holiday shopping experience, with unstaffed store aisles and online orders taking longer than usual to fill.

Job offers are already plentiful, which allows job seekers to be more picky about their workplace. There were 10.4 million job openings at the end of August and 11.1 million openings the month before, the highest on record since at least December 2000, when the government began to record this figure. At the same time, the Labor Department said the number of people leaving their jobs jumped to 4.3 million in August, from 4 million in July.

Even before the hiring holiday season, employers were so desperate to find workers that they increased their wages above $ 15 an hour, started offering four-figure login bonuses, and promised to pay for their schooling. But this has only yielded limited success. If they can’t find the workers they need in time for the holidays, employers will likely rely on existing staff to work more overtime, which can become costly for businesses and lead to burnout. for workers.

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“I’ve never seen a market like this,” said Matt Lavery, global director of sourcing and recruiting for UPS, who worked on the hiring side of the parcel delivery company for. 24 years. “Normally, when you talk about people losing their unemployment benefits, you see an increase in the number of applicants. We don’t see them.

Improved unemployment benefits, which included a federal supplement of $ 300 per week as well as programs covering workers and those unemployed for six months or more, ended in early September. This cut aid to around 7 million people. So far, however, the termination of these programs appears to have had little effect on the number of people seeking employment.

To recruit available workers as quickly as possible, UPS is trying a new tactic: hire in 30 minutes or less. Taking too long to hire can mean a candidate may move elsewhere. So the company almost eliminated interviews and did the entire hiring process online.

Not having enough workers can be costly for businesses. FedEx said it spent $ 450 million between June and August due to higher wages, overtime pay and other costs related to the tight labor market.

At one of its hubs in Portland, Oregon, FedEx has about 65% of the staff it needs. The company has diverted about a quarter of the packages that would normally go to other more distant hubs that can handle it. More than 600,000 packages a day are rerouted, resulting in a deterioration in service, said Rajesh Subramaniam, chief operating officer of FedEx, in a call with investors last month.

FedEx said it needs 90,000 vacation workers this year, 20,000 more than last year. Others are hiring at about the same level as last year: Amazon, UPS, and Walmart, each currently trying to hire 100,000 or more people.

There are many reasons why workers are scarce, but they mostly revolve around the pandemic. The delta variant has made people fearful of working in tight spaces with others, and most large employers who hire hourly workers have yet to mandate vaccines for them. Childcare issues are forcing people to stay home, and many have saved money during the pandemic, giving them enough money to avoid taking jobs they don’t want.

Another potential problem is President Joe Biden’s announcement in September that employers with more than 100 workers will have to impose vaccines or offer weekly testing. It is not known when these rules will start or how it would affect hiring. Companies that have already mandated vaccines have reported high vaccination rates. And a fully vaccinated workforce could make this employer more attractive to workers worried about catching the virus. But some employers fear that the mandate will make hiring more difficult.

Some wonder if employers who need vacation help will be able to find workers on time.

“It doesn’t look good,” said Andrew Challenger, senior vice president of recruiting firm Challenger, Gray & Christmas, which predicts that retailers will add 700,000 workers during the holidays this year, 36,000 from less than last year.

At the worksite In fact, searches for people looking for seasonal work fell by 13% for the week ending October 10, compared to the same period a year ago. And that research is down 27% from 2019, before the pandemic started.

“Interest from job seekers is low,” said AnnElizabeth Konkel, economist at Indeed. “It just doesn’t take off.”

Those who already work in stores, warehouses and parcel delivery companies can work longer.

Target said it will hire 100,000 vacation workers this year, about 30,000 fewer than last year, but will give its existing workforce 5 million hours of overtime, potentially injecting 75 millions of dollars more in workers’ paychecks. Target employees are already working nearly 15% more than last year, but the retailer said it was asking for more hours. Target, which already pays workers at least $ 15 an hour, plans to give store workers an extra $ 2 an hour if they work weekends and other busy days as it approaches. Xmas.

Craig Rowley, who works in the retail and consumer goods team at management consulting firm Korn Ferry, said if employers couldn’t find the workers they needed, orders in line might take longer because there would not be enough people to pack or deliver the orders. , especially as Christmas is approaching and more and more shoppers are going online. And stores are likely to eliminate late or night hours because retailers will want their current staff to work when stores are busiest.

“You’re not going to see the wild extended hours because they just can’t staff,” Rowley said.

AP Retail Writer Anne D’Innocenzio in New York also contributed to this story.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Writer market

Calvin Alger obituary (1953 – 2021) – New Market, VA

Calvin Bruce Alger, 68, of New Market, died at his home on October 7, 2021.

Bruce was born on August 6, 1953 in Luray, Virginia to Elizabeth Jane Tidler Alger of Lacey Springs and the late Forrest Duke Alger.

C. Bruce Alger was named President / CEO of New Market Rebels Baseball for the second time on July 4, 2001. He had led the Rebels to the Valley League Baseball Championships in 2002 and 2018 and finished second in 1981 and 2003.

Bruce has been a supporter and / or member of the Rebels organization since 1965 and has held all available positions within the organization during that time. He had entered his 59th year of supporting the New Market Rebels organization and the Valley Baseball League. He was also the “voice of the rebels” for 47 years and was behind the microphone for more than 1,000 rebel home games. He was inducted into the Valley Baseball League Hall of Fame on July 7, 2019.

Bruce shared his time as fairly as possible across the community. He was a member of the New Market Chamber of Commerce and received the President’s Award for Outstanding Community Service in 2002. The New Market Chamber of Commerce also honored and awarded Bruce the Outstanding Citizen of the year. in 2009. The New Market Shockers of the Rockingham County Baseball League presented Bruce with an Honorary Bobby Strickler Award for his outstanding dedication to baseball in 2016.

Bruce was a former board member and board chair of the New Market Lutheran Reformed Church, where he is a baptized life member. He served the church as an assistant minister and chairman of the worship, music, and the arts committee. He was also a member of the finance, mutuality and crisis committees. Bruce was a member of the New Market Fraternal Order of Eagles Aerie No. 4264, the New Market Rotary Club, and the New Market Historical Society. Bruce was named Paul Harris Fellow in June 2018 by The Rotary Foundation of Rotary International. He was Vice President / Treasurer of the New Market Community Center and represents the Town of New Market on the Shenandoah County Parks and Recreation Advisory Board and the Shenandoah County Historical Society Board of Directors, where he is life member and president of the Church History Committee. He served on the Shenandoah County Parks and Recreation Executive Committee. He also served on our city development committee and the New Market economic development committee for the town of New Market. Bruce previously served as Vice Chairman of the Board of Directors of the Stonewall Jackson Alumni Association, where he graduated from the Class of 1971.

Bruce served on the Valley Baseball League board of directors for over 26 years and served for 7 years as the executive vice president of the LAV. In July 2017, Bruce was elected Commissioner / President of the Valley Baseball League, which also served on the board of directors of the National Alliance of Summer Collegiate Baseball (NACSB). In his role as Commissioner / President, he chairs Bylaws and Operating Policies and Procedures, Arbitrator, Nominations, Expansion / Extraction, Hall of Fame, Major League Grant Proposal baseball and executive committees. Bruce was also a member in good standing of the American Baseball Coaches Association (ABCA) and the Grandstand Managers Club, a support group of the New Market Rebels Baseball organization.

In the past, Bruce has also served on the Financial Control Board of the New Market Fire Department, where in 2006 he received a Certificate of Appreciation for his community service, the New Market Jaycees and Parks Committee and New Market town recreation. For many years, Bruce has volunteered his services as a volunteer coach for the Shenandoah County Department of Parks and Recreation Youth Basketball Program, as well as the Little League, Senior League programs. and the stars of Mount Jackson / New Market.

Bruce resided in New Market and lived next door to Rebel Park, his “Field of Dreams”, which a Washington Post writer described as “one of the most breathtaking sports facilities in the world.”

Bruce and the entire staff at New Market Rebel, listed below, are committed to serving the beautiful, historic town of New Market and the surrounding community by working year round to provide exceptional college baseball players, from everywhere. in the United States and beyond, the opportunity to showcase their talents and skills to fans of Major League Baseball and the region.

On November 16, 1991, he married the former Sylvia Lynne Rader who preceded him in death.

In addition to his mother, survive his children, Amanda Renee Alger, Calvin Gregory Bruce Alger, Trey Christian Rader Alger and Calvin Bruce Alger II; three grandchildren, a step-grandson, a step-granddaughter and a granddaughter on the way.

A rally in honor of Bruce’s time with the Rebels organization will take place at 11:00 a.m. on Monday at Rebels Park in New Market. Pastor Brad Burke will lead a memorial service Monday at 12:30 p.m. at the Lutheran Reformation Church in New Market. Interment will be private.

The family will receive friends on Sunday from 4 p.m. to 6 p.m. at the Grandle Funeral Home on Broadway.

Masks are encouraged at the funeral home and church.

Memorial contributions can be made to the Lutheran Reformed Church nursery school or to the rebels in the New Market.

Online condolences can be made at www.grandlefuneralhome.com

Posted by Northern Virginia Daily on October 9, 2021.


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No return ! However, the creator is hoping for two more seasons! Reason behind the cancellation

Sad news for you, fans of romantic comedy series, Netflix has decided not to explore Dash & Lily’s love story after their New Years Eve kiss with Dash & Lily Season 2. The eight-episode series is released on Netflix in November 2020. Since then, Dash & Lily fans have been eagerly awaiting the fate of the series, including their favorite characters. But, it looks like the wait will continue for them to see their blossoming romance take it to the next level.

David Levithan and Rachel Cohn’s adaptation of young adult novels and Joe Tracz’s creation Dash & Lily follows two teenagers who develop mutual feelings for each other. They share a series of dreams, challenges, and desires in the notebook, which they circulated to many places in New York City. The couple discover that they have more in common than they thought, in addition to dealing with family, friends and previous love interests during the process. He explores how their feelings for each other affect everything.

Dash & Lily Season 2: Does It Happen?

Unfortunately, we have some unpleasant news for fans of the series. Austin Abrams and Midori Francis starred in the teen drama is now on Netflix’s single cancellation list. The series hit the streaming giant on November 10, 2020. But it took Netflix nearly a year to reveal the show’s fate. Recently, Netflix confirmed that Dash & Lily will not be returning for the second round. Although the series has grown in popularity, Netflix has decided to stop walking this path.

In contrast, the first season got 100 percent positive ratings on Rotten Tomatoes. At the same time, it got 7.5 approval reviews on IMDb and 80 out of 100 on Metacritic. Even critics have called Dash & Lily a delightful romantic comedy with a lot of zest for life. On top of that, the series also earned twelve 2021 Daytime Emmy Award nominations. Among them, it won three. Still, the streamer decided to cancel the series just after one season.

Dash & Lily season 2: the creator envisioned as the show of the three seasons

In November, shortly after the first season released on Netflix. series creator Joe Tracz told TVLine he hopes to return for the second round. He said, “I’d love to” go back and explore Cohn and Levithan’s second book. Joe even revealed that Cohn and Levithan were actually working on the third book. They often visit the set to create chapters for their next book. Knowing that they have plenty of stories to explore, Joe plans it as the three-season show. But unfortunately that did not happen.

Reason for cancellation

The streamer has not said anything on the news of the cancellation. However, Cindy Holland, former vice president of original content at Netflix, has revealed the reason. In an interview, Cindy revealed that the decision to renew is based entirely on an analysis of cost versus number of viewers. Still, the series got an overwhelmingly positive response from viewers. It seems he failed to respond to the target audience. But Netflix has yet to release audience demographics for the first season. So it’s hard to guess the main reason for the show’s cancellation for Dash & Lily season 2.


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The book club that helped spark the gay rights movement

In the late 1930s, Gonzálo Segura, known to his friends as Tony, enrolled at Emory University to study biochemistry. He graduated in 1942 and then took a job with Foster D. Snell, a New York-based chemical engineering and consulting company that the United States Army hired to perform radiation testing. In the utmost secrecy, Segura tested which cleaning agents most effectively remove radiation from human hands. As his career in radiochemistry progressed, he kept silent about his growing attraction to other men. “I learned very early in life, when I was really a child, that this sexuality and all sexuality were things to keep to myself,” he told historian Jonathan Ned Katz, in 1977. He had always assumed that by the time he was in his twenties, he would develop desires for women and then get married and have children.

But in 1954, while on a business trip to Cleveland, Segura stopped by a bookstore and saw a copy of “The Homosexual in America” ​​by Donald Webster Cory. “I immediately bought it and was quite fascinated with the book,” Segura told Katz. Cory argued that homosexuals were not individuals in difficulty but members of a distinct minority group who needed to organize and fight for their rights. On the back of the book was a list of other titles dealing with homosexuality. Segura returned to New York and, using the list as a guide, toured Manhattan bookstores, collecting any titles he could find. In a store on 42nd Street, he found Loren Wahl’s novel “The Invisible Glass,” which depicts homosexuality and racism in the military. Inside was a map of Greenberg, the New York-based small press that had published both Wahl’s novel and Cory’s book. The card, Segura recalls, had a note: “If you liked this book and would like to be kept up to date with other books on a similar topic, please let us know.” Segura wrote down his address and sent it to the publisher.

A few weeks later, he received a two-page newsletter announcing the title pick of the month from something called the Cory Book Service. “In the early 1950s in America, Donald Webster Cory probably had the biggest LGBT mailing list in the country, and possibly the world,” David K. Johnson, who describes the book service in “Buying Gay,” his book on the legacy of gay men’s physics magazines, told me. At its peak, the list had at least three thousand subscribers. The service did not have meetings; Cory simply picked books and sent the titles to his readers, highlighting everything from Marc Brandel’s novel “The Barriers Between,” about a man who murders his friend for “unnatural advances,” to “Homosexuality and western Christian tradition ”, a gay theological book a story Cory described as“ the book hundreds of our readers have been looking for, ”a book they“ could give to their friends, family and advisers ”. Many newsletter subscribers lived in the closet, and while the service didn’t offer a clear way for them to communicate with each other, the mailings offered glimpses of the community.

Operating a gay book service was not without its risks. Anti-Communists, including Joseph McCarthy, had promoted campaigns to expel gay people from government as suspected subversives, leading to the dismissal of thousands of federal employees in what has been dubbed the fear of lavender. After investigations by the Postal Service, US attorneys’ offices have charged and fined publishers of gay material for obscenity; Greenberg paid the government a fine of three thousand dollars in the mid-1950s and had several of his books removed from publication for alleged obscenity. Gay men caught distributing gay books could face worse fines than fines. Federal law allowed up to five years in prison. In some states, when gay people were arrested on moral grounds, “the police often informed bar associations or medical clearance boards or especially schools,” assistant professor Anna Lvovsky told me. at Harvard Law School. “The real shadow that hung over these arrests was the threat of collateral consequences such as job loss.” Víctor Macías-González, historian and author of an article on Tony Segura, told me that many queer people refuse to buy gay books, instead borrowing them through rental services, which are available to a number of bookstores in the time.

And yet, the early 1950s saw a boom in queer literature, driven in part by the boom in cheap paperbacks. Historian Michael Bronski estimated that around three hundred books on gay men were published between 1940 and 1969. The trend was not limited to books on men: “Women’s Barracks: The Frank Autobiography of a French Girl Soldier” , a lesbian novel published in 1950, sold two million copies in its first five years. Vin Packer’s lesbian pulp novel “Spring Fire” sold 1.5 million copies in its first year alone. In “Buying Gay,” Johnson quotes a letter a Massachusetts librarian sent to Greenberg asking for additional titles: “Customers have asked me to get some ‘so-called’ gay books. “

Brandt Aymar, Greenberg’s vice president, began compiling a list of clients who wrote to him looking for books. According to Johnson, he counted their names and mailing addresses in what he called the “H” list (presumably for “gay”), in hopes of further exploiting the market. In 1951, Aymar published Cory’s “The Homosexual in America”. Cory called on homosexuals “to extend the freedom of the individual, of speech, of the press and of thought to a whole new area.” The book caused a stir: the first print sold in ten days, and Cory was inundated with letters from readers. As Johnson notes in “Buying Gay,” Aymar decided to combine his “H” list with Cory’s letters to form the Cory Book Service. Together, they thought, they would have a direct line to the gay book market.

In the inaugural issue of the Books Service, sent out in September 1952, Cory promised that many of the books he featured would be available to his subscribers before they hit the store. He got big discounts from foreign publishers; after purchasing four books, readers received the fifth free of charge. In January 1953, Cory reported that about two thousand subscribers had purchased at least one book. He took advantage of his reach to reprint at least one older book, convincing the publisher of a seven-year novel, “David the King,” by Gladys Schmitt, to launch a new print run, noting that its readers “have has asked us several times over the past few months “about this. The Books Service has also lobbied for English translations of books that had been published in other languages, and has already made available a title that did not yet have an American publisher: “The Charioteer” by British author Mary Renault, which the Cory Book Service offered in 1954, five years before the book was available for sale in the United States

Considering the hostility towards homosexuality at the time, it’s a small miracle that the newsletter escaped censorship. Johnson told me he doesn’t know why the post office never seems to have confiscated him. Cory appears to have had a legal team to verify the books he recommended: When Jay Little, a gay author, wrote to Cory asking him to place his “Maybe-Tomorrow” book with the service, Cory responded. that while he enjoyed the novel, “Our attorneys not only advised, but also ordered us not to use your book.” Despite these obvious precautions, Cory and Aymar chose to operate their business in public: the book service had a physical address in Manhattan, which appeared at the top of the newsletter. To add subscribers, Cory convinced popular photographers, such as George Quaintance, to promote the service, according to Johnson.

Six of the books promoted by the Cory Book Service.

The mailing list was also spread by word of mouth. During a discussion group sponsored by the Mattachine Society – a secret gay organization that had formed in Los Angeles in 1950 – someone mentioned the Cory Book Service, and soon after, a participant contacted Cory, asking him for fifty newsletter subscription cards. Separately, another company representative told Cory his service was a “most timely development” and offered to combine the names of “sympathizers” with the company’s mailing list. A deal between the two doesn’t appear to have come to fruition, but Cory made a deal with the newly created magazine. A, promising to send its subscribers mailings of A in exchange for a royalty. “If it hadn’t been for Donald Webster Cory’s list, A magazine, which gay historians consider critical, may not have taken off, ”Johnson told me. In 1955, when a small group of lesbians formed the Daughters of Bilitis, the first lesbian organization in the United States, they sent a message to A, Mattachine and the Cory Book Service. “They knew it would help put them on the map,” Marcia Gallo, a historian who wrote about the Daughters of Bilitis in her book “Different Girls” told me.


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Book creator

Gaming While Black aims to boost POC creators

Video games turned into a nearly $ 180 billion industry in 2020, which is more than the global film industry and North American sports combined. While there has been significant work and pressure on these last two industries to make diversity and representation a priority, the same has not been true for games. According to the International Association of Game Developers, only 2% of game developers are black.

A similar lack of diversity can be seen among the class of game creators, streamers and influencers driving the game entertainment engine. Now a new set of content aims to bring more attention to the fact that, although than over 80% of black American teens play video games, they don’t see themselves in streams, as game characters, or in developer credits for games they love.

Playing in black is a digital series of eight different shows that uses comedy and conversation between popular noir game makers like Marcel Cunningham (Basically idowrk), which has nearly 5 million YouTube subscribers, to explore representation in the vast world of video games.

The series is created by a creative company 3 black point, which not only works with brands like Netflix, Amazon Studios, Epic Games, Oculus, and Fruit of the Loom, but also produced the acclaimed film of 2019 Queen & Slim, and the animated series Alpha betas Last year. President Reginald Cash says if you ask a fan who the top game makers were, they might say Ninja or PewDiePie. Or if you asked them who some of the top game designers, engineers, or even characters were, there probably wouldn’t be much diversity on this list.

“Obviously something is missing, from a representational standpoint alone, if half of the adult population on earth says, ‘I’m a gamer’ and you can’t think of any diversity, that’s a pretty huge problem, ”says Cash.

This is also reflected in 3 Black Dot’s own business. “Every month, on average, we probably pay creators about $ 5 million every month, whether it’s a merchandising relationship, book publishing, branding campaign, or sponsorship.” , explains Cash. “And only about 3% of those dollars go to any color designer or any diverse designer. The problem is therefore very close to home.

The series is sponsored by Doritos. Stacy Taffet, vice president of marketing for Frito-Lay North America, says brand support is part of her Solid Black Initiative to support the voices of black innovators and creators and provide them with resources. “Our partnership with Gaming While Black was an extension of that ambition and allowed Doritos to build on our heritage as a gaming brand by handing over the mic to black content creators to talk about their unique experiences and dispel myths. in a smart and engaging way, ”says Taffet.

As with most areas of culture and content over the past year, the game has seen some movement over its diversity issues. Last year, Greg Selkoe, then president of Faze Clan, left the esports and content phenomenon launch a new gaming organization called Xset, which he says is based on the principles of inclusion and social good. And earlier this month Faze Clan and McDonald’s announce partnership which aimed to revolve around diversity and inclusion.

Cash sees this series as an opportunity to entertain while closing this huge gap in representation and economics of the game from a diversity standpoint. It is also an opportunity to encourage brands and developers to take the issue into account in their own gaming investments. The series will live to a Playing in black hub, but most of the distribution will go through participating creators. “We wanted to go where the audience is,” says Cash. “We want to give as many people as possible the opportunity to present themselves. The real goal here is sustainability and convincing enough platforms, brands and participants that this is important work and that the audience is there.


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Writer market

Stacey Abrams kicks off nationwide tour ahead of 2022 mid-sessions

Stacey Abrams kicked off an ambitious national tour this week that will span months and swing many states ahead of the 2022 midterms – and potentially elevate her position within the Democratic Party in the process.

Driving the news: Abrams kicked off the tour on Tuesday in San Antonio, where she told a local reporter “unequivocally, yes” that she would like to run for president one day. She was in Milwaukee on Wednesday night and will appear in Detroit on Thursday.

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The big question: The voting rights activist and former Georgia state lawmaker, once considered for President Biden’s running mate, is gearing up for a rematch next year against Georgia Gov. Brian Kemp – or something something bigger?

  • This week, she sent a fundraising email for Democrat Terry McAuliffe in his competitive run for governor of Virginia.

  • Last week, she approved the Senate Democrats’ free voting bill, blessing Senator Joe Manchin’s (DW.Va.) compromise.

  • And while Abrams has yet to get his approval in an overcrowded Democratic primary for the U.S. Senate race in Wisconsin, his moderator for Wednesday’s event in Milwaukee is Lt. Gov. Mandela Barnes, who is running.

How it works: Abrams has scheduled 12 stops in 10 states – Texas, Wisconsin, Michigan, Arizona, Colorado, Massachusetts, New York, Florida, Tennessee and North Carolina – until November 20.

  • She announced his tour in August on Twitter, although it has received little national attention to date and modest early coverage from local journalists.

  • These are paid events, with each location determining the cost of attendance and some offering a meet-up option – although organizers have said Abrams is not taking the money. Profits go directly to the local theaters that host them and the arts organizations they support.

  • Moderators lead the conversation with Abrams around his work with voting rights, politics and social justice, as well as aspects of his personal life. The Abrams team invites local media, elected officials and artists to be moderators.

  • Country singer Trisha Yearwood will be the moderator in Nashville. Writer Melissa Harris-Perry will be moderator in North Carolina.

The backdrop: Abrams gained national recognition thanks to his tighter-than-expected 2018 governorship fight. She received kudos for challenging Kemp, a Republican, in the long-red Georgia.

  • Since then, Abrams has built an audience around his voting rights activism and participation efforts.

  • She achieved national fame and a huge rating with Biden and Senate Majority Leader Chuck Schumer (DN.Y.) when she helped Democrats topple her state and take control of the Presidency and Senate. .

  • Through her work with Fair Fight, she helped register at least 800,000 Georgian voters ahead of the 2020 presidential election.

What they say : Aaron Zimmerman, vice president of programming at the Tobin Center for the Performing Arts in San Antonio, which is orchestrating the tour, told Axios it took almost a year to establish the final schedule.

  • Tour stops include political hotbeds, as well as purple or blue areas.

  • “This is an opportunity for people to get to know Stacey in her multitudes,” said Michael Holloman, director of communications for Abrams. “We bring these disparate parts of her identity together and allow people to see her more fully.”

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Book creator

Michaela Coel Puts Up In ‘Misfits’

The city of Edinburgh was the epicenter of a powerful pulse of energy on August 22, 2018 – not one that precise scientific equipment can detect, but one whose ripples would be felt by sensitive human instruments within weeks and the months that followed.

That evening, Michaela Coel, a rising star of British television, was invited to address her colleagues at the prestigious Edinburgh International Television Festival. Speaking to a few thousand industry peers in a boardroom and countless other viewers watching her online, she shared stories of her rise, a tale that is both comically and devastating.

Coel spoke of growing up as a member of one of four black families in a public housing complex in East London. She described her time in drama school, where a teacher called her a racial insult during an acting practice. She spoke of her surprise, after achieving some professional success, to receive a gift bag containing “dry shampoo, tanning lotion and foundation that even Kim Kardashian was too dark for.” She recounted how she went out for a drink one night and later found out that she had been drugged and sexually assaulted.

She spoke of the resilience gained over a lifetime of “having to climb ladders with no stable ground beneath you” and she classified herself as maladjusted, defined in part as someone who “does not climb a mountain. aim of security or profit, she climbs telling stories.

Three years later, Coel – now 33 and acclaimed creator and star of the HBO comedy-drama “I May Destroy You” – views the speech as a satisfying moment of personal relief.

As she said in a video interview a few weeks ago, “We work with people and we never really know who they are, and no one ever really knows who you are. liberating just to let everyone know.

With its explicit calls for greater transparency, Coel’s speech (officially known as the James MacTaggart Memorial Lecture) resonated in the entertainment industry and provided a narrative and thematic basis for “I May Destroy You”. Next month the speech will be published by Henry Holt & Co. as a book titled “Misfits: A Personal Manifesto”.

To an audience still new to Coel, her life, and her work, “Misfits” may seem like an artifact preserving the moment its author became the fullest version of herself.

But for Coel, it represents a particularly validating episode in a career where she has always felt empowered to say what she thinks.

“I’ve always annoyed people about these things,” she said with a laugh. “I don’t know where I got the nerve to be like this. But from the start, there has always been a story where Michaela would insist and say, “There is something wrong here.

To this day, Coel is relentlessly outspoken about the choices that go into her work, even when it comes to the decision to call “Misfits” a “manifesto,” which she says was forced upon her by her editors. .

As she explained, “I was like, ‘But it’s so small, it’s not really a book.’ They said, “A book is a binding of papers. OK, okay, can we call it a test book? “Mmm, no. “

She was more circumspect when discussing where she was on the planet during our video chat. Despite a report in Variety that Coel had joined the cast of the Marvel superhero sequel “Black Panther: Wakanda Forever,” she said, “I’m in America. I don’t know why I’m here. I have a feeling that I’m not supposed to say it. (A Marvel spokesperson declined to comment.)

Actor Paapa Essiedu, co-star of “I May Destroy You” and longtime friend of Coel, said that since their time together as students at the Guildhall School of Music and Drama in London, he has known that Coel was a brave, outspoken person.

“Her voice was always very clear,” Essiedu said. “She always felt like she wasn’t fazed by what was expected of her, and she was able to think and speak independently.”

Even so, Essiedu said, “Remember she’s just a normal person,” who talks trash with her friends, ”and can be funny and can be really boring. Her everyday life isn’t about marrying the way to make the world a better place. ”

In the speech, Coel described the frustrations she endured with her groundbreaking comedy series, “Chewing Gum,” which airs on E4 in Britain and Netflix in America. She spoke of crying in a pair of pantyhose not purchased at a drugstore following a phone call where it was suggested that she should hire co-writers to help her on the show.

She also spoke about turning down an offer to make “I May Destroy You” with Netflix when the streaming service refused to allow her to retain ownership rights to the series. (In the lecture, she told this story with allegorical flair, imagining it as a negotiation with a fictional mother-in-law she called “No-Face Netanya.”)

Amy Gravitt, executive vice president of HBO who oversees its original comedy programming, said she was moved by Coel’s lecture when she watched it online.

“There was so much she said in that speech that resonated as a woman working in this industry,” said Gravitt, who first met Coel in 2017 after the success of “Chewing Gum” .

“When she spoke about her desire to see another person’s point of view represented on screen, it resonated deeply with me as a programmer,” Gravitt said.

Far from feeling reluctant to work with someone so outspoken, Gravitt said, “I feel like I just want to work with people who feel comfortable saying what they think. “

Coel eventually ended up doing “I May Destroy You” for HBO and the BBC. When I asked her if Netflix had to cry to fall asleep every night for missing the show, she replied, “Well, melatonin works a charm.”

A Netflix press representative said in a statement: “Michaela is an incredibly talented artist who we have been delighted to work with on ‘Black mirror’ and ‘Black Earth Rising’ among others, and with whom we hope to work again in the future.

Coel said she never hesitated to tell her audience that she had been sexually assaulted. “I never had this thing where I kept it to myself and I was afraid to say it because of what people were thinking,” she said. “And because I never had that incubation period of shame and guilt to make a home inside of me, it never did.”

Talking about the assault now was like “looking at a scar,” she said.

“I look at the scar, and it’s like, whoa, it happened,” Coel said. “But now I’m alive to look at that scar, which means I’ve come through the turning point. “

By the time she gave the talk, Coel was already writing what would become “I May Destroy You,” in which her character, a young writer named Arabella, was served an enriched drink and sexually assaulted.

To this day, Coel said, she meets fans of the show but doesn’t realize it’s based on her experience. Other viewers approach him, on social media and in person, to talk to him about their own traumas. “I cried with strangers on the street,” she says.

“I May Destroy You” became a staple of the pandemic era when it aired in the spring and last summer, and it has inspired fans in other ways.

In February, the series received no Golden Globe nominations, sparking public outcry. Deborah Copaken, author and memorialist (“Ladyparts”) who was screenwriter for the first season of Netflix’s hazy comedy “Emily in Paris,” wrote in an essay for The Guardian that the snub “isn’t just wrong, it’s what’s wrong with everything”.

In an interview, Copaken praised Coel for putting “people on screen that you’ve never seen on TV, except as extras or whatever,” in a series that encompassed topics such as sexual consent. and the assimilation of immigrants.

“That doesn’t make people who aren’t white and Western role models of virtue,” Copaken said. “They are interesting people with a messy life. At every turn, it challenges viewers’ assumptions.

Coel herself said she was too thrilled with the wider reaction to her series to be concerned about the Golden Globes controversy. “I was on that cloud of gratitude,” she said, “and I could hear that something was going on. I was like, guys, I don’t know how to get out of the cloud and handle this. Last month, “I May Destroy You” was nominated for nine Emmy Awards, including limited and anthology series. Coel and Essiedu both received nominations as actors, and Coel was also nominated for as director and screenwriter of the series.

Now, Coel faces the happy challenge of finding a sequel to “I May Destroy You,” and she insists the series is over.

“For me it’s very clearly over, isn’t it?” she said. “Imagine if there was a season 2? I just think guys, come on, it’s done. Unless someone has this amazing idea for Season 2 that doesn’t destroy Season 1, for me it’s closed and done.

Coel said she was under no external pressure to complete her next project. “HBO and BBC were very nice,” she said. “They said, ‘Hey, Michaela, you’ve done a great thing for us. You can just relax, take the time you need. Corn I am not like this.”

She quickly pointed her camera at a whiteboard on which she had started to draw a new story arc, but turned the camera to herself before the words were readable. She wouldn’t say anything more about the new series except that the BBC had committed to doing it.

(Gravitt, the HBO executive, said her network was “in the early stages of discussing with Michaela and the BBC and various artists who are all on the” I May Destroy You “crew, and enthusiastic about the idea of ​​having this new project to work on together. ”)

Essiedu said that Coel hasn’t changed much in reaching a new level of fame and that she remains an artist motivated more by work than by fame.

“She deserves the credit and the applause,” he said. “She’s not going to shy away from it, which we Brits are very good at doing. She might be a little more like you Americans in this approach.

But after twice experiencing the satisfaction of feeling that her viewers really and fully received what she was saying – with her MacTaggart talk and with “I May Destroy You” – Coel said she could hardly ask for more. .

“As a writer I am sometimes overwhelmed, I am exhausted,” she said. “I try to be clear, piece by piece, and the audience liked me and listened to me.”

With a mixture of relief and joy, she exclaimed, “The way people listen to me in this life! All I have learned is to be heard.


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Book creator

Best TV Series on Disney + Hotstar

What are the best TV shows on Disney + Hotstar? The 19 tracks below feature Amy Adams, Julia Louis-Dreyfus, Elizabeth Olsen, Cate Blanchett, Jason Bateman, James Franco, Maggie Gyllenhaal, Matthew Rhys, Keri Russell, Damian Lewis, Jared Harris, Stellan Skarsgård, Emilia Clarke, Kit Harington, Justin Theroux, Carrie Coon, Brian Cox, Jeremy Strong, Regina King, Dominic West, James Gandolfini and Pedro Pascal. Pamela Adlon, Larry David and Bill Hader are co-creators and stars of their respective series. And the rest is directed by David Simon, Damon Lindelof, Tom Hanks, Steven Spielberg, Jon Favreau, Gillian Flynn, Craig Mazin, Joe Weisberg, Mitchell Hurwitz, David Benioff, DB Weiss, Dahvi Waller, Jesse Armstrong, Armando Iannucci, Jac Schaeffer and David Chase.

Of course, this list cannot cover everything. And that’s why we have separate recommendations for some genres that you should also check out. We also have similar articles for the best series on Netflix and Amazon Prime Video.

The best comedy series on Disney + Hotstar

The best drama series on Disney + Hotstar

The best mystery and thriller series on Disney + Hotstar

  1. The Americans (2013 – 2018)

    Set during the Cold War, two Russian spies (Matthew Rhys and Keri Russell) who have children pose as an American family living in the 1980s in Washington, DC, to spy on the US government. Excellent from start to finish, thanks to great writing and acting, reinforced by a family approach and resonant themes.

  2. Development stopped (2003 – 2019)

    The only balanced child (Jason Bateman) of a once wealthy dysfunctional family, made up of more eccentric and eccentric members than the previous one, must handle family affairs after the father (Jeffrey Tambor) is jailed. Considered one of the best sitcoms of all time, it fell off a cliff after three seasons. Tambor is accused in the #MeToo movement.

  3. Band of Brothers (2001)

    A 10-part miniseries based on Stephen Ambrose’s 1992 book about a WWII unit called the Easy Company – offering an intense look at the horrors of war through dramatization, interviews and footage from archives – which begins with their training in 1942 and ends with the Allied victory in Europe in 1945.

  4. Barry (2018 – Present)

    A dark comedy about a former US Navy (Bill Hader, also co-creator, writer and director) working as a hitman in the Midwest, who leaves for Los Angeles for a job and discovers a new passion for acting then that he gets involved with enthusiastic hopes in the local theatrical scene.

  5. Best Things (2016 – present)

    Pamela Adlon is the creator and star of this comedy-drama, about a single mother struggling to balance raising her three daughters and her acting career. Much like its protagonist, the series has forged its own course, marrying wonderfully caustic humor with poignant observation.

  6. Chernobyl (2019)

    Focusing on the 1986 nuclear disaster in Soviet Ukraine, a five-part look at what caused it, why it happened, who it affected, and how people responded – from first responders to the leader of the Soviet Union. Masterfully produced, it offers a captivating look at the human cost of institutional dysfunctions caused by state censorship.

  7. Limit Your Enthusiasm (2000 – present)

    Seinfeld Co-creator Larry David plays a fictional version of himself in this semi-improvised sitcom about a semi-retired TV writer facing cringe-worthy situations, mostly caused by his own misstep. Laugh out loud when it first aired and returned to those heights in 2020 after a dip into Season 9. Before you begin, watch the hour-long special, Larry David: Curb Your Enthusiasm, also on Disney + Hotstar.

  8. The Devil (2017 – 2019)

    The Wire creator David Simon brings his storytelling twist to 1970s New York, after the moment the sex trade went from an alleyway to a billion dollar legalized market in the United States. Starring James Franco and Maggie Gyllenhaal in the lead roles, with the former playing the role of twin brothers.

  9. Game of Thrones (2011 – 2019)

    Based on the unfinished novel series “A Song of Ice and Fire” by George RR Martin, the most popular show of the 2010s follows the power struggles between seven medieval kingdoms, in a fantasy world filled with death, dragons and colorful characters. Storytelling has suffered over the past few years, having run out of source material.

  10. The Leftovers (2014 – 2017)

    Based on the novel of the same name by Tom Perrotta, this supernatural drama takes place a few years after the sudden disappearance of 2% of the world’s population and its impact on those who remain. Grown up in critical reception over the course of its run, ending as one of the greatest shows of all time as it provided a deeply emotional portrayal of the insignificance of life.

  11. The Mandalorian (2019 – Present)

    Pedro Pascal stars as the helmeted bounty hunter and titular lone shooter in the first-ever Star Wars live-action series, which takes place after the fall of the Empire (Episode VI: Return of the Jedi) and before the emergence of the First Order (Episode VII: The Force Awakens). His life is about to be turned upside down by his latest bounty target. A Disney + original.

    mandalorian the mandalorian

  12. Ms. America (2020)

    Cate Blanchett is excellent in this period drama about the Conservative reaction to the Equal Rights Amendment, directed by a Phyllis Schlafly (Blanchett), who essentially set the stage for modern American politics. The likes of Rose Byrne, Elizabeth Banks, Uzo Aduba, Margo Martindale, John Slattery and Sarah Paulson co-starred, some as well known feminist activists.

  13. Sharps (2018)

    Gone Girl author Gillian Flynn introduces another of his complex female protagonists to project in this miniseries, with Amy Adams playing the role of a reporter who returns to her small hometown to report the murders of two preteen girls. and finds herself involved a little too closely due to her dark past.

  14. The Sopranos (1999 – 2007)

    Considered one of the greatest TV shows of all time, this six-season drama chronicles the life of an Italian-American mobster from New Jersey (James Gandolfini), who turns to a psychiatrist because he is struggling. to balance family life and be the boss of the crime. . Solid on all fronts – endearing characters, solid cast, moral arguments, and dark humor – he’s well known and debated for his controversial final plan.

  15. Succession (2018 – Present)

    Who knew the next Game of Thrones would be a contemporary satire on the fight for a fictional media empire, centered around a dysfunctional cut-throat family: the detached eldest son, the power-hungry second born, the irreverent third, and the youngest? shrewd daughter, and founder and patriarch, who prioritizes business over her children. Winner of Emmy, Golden Globe and BAFTA.

  16. Veep (2012 – 2019)

    A satirical take on the inner workings of the US government, following a senator (Julia Louis-Dreyfus) chosen to serve as vice president, and the hilarious antics of her incompetent staff. Won the Emmy three years in a row, while Louis-Dreyfus has racked up six consecutive victories. I haven’t had the same bite the following years, but it’s still one of the best.

  17. WandaVision (2021)

    Marvel Studios is fully experimenting with its very first series, as it follows an unusual couple – a powerful magical being (Elizabeth Olsen) and an android (Paul Bettany) – who are married but stuck in traditional American sitcom tropes constantly evolving through the decades. It’s basically a sitcom with Avengers that really deals with mental illness.

  18. Watchmen (2019)

    Lost co-creator Damon Lindelof bravely pushes the superhero genre with this ‘remixed’ miniseries that follows the comic book series of the same name from writer Alan Moore and artist Dave Gibbons. Set 34 years after the events of the original, a police detective and vigilante (Regina King) digs into the murder of a friend, who has ties to the evil plan of a white supremacist group.

    watchmen

  19. The Thread (2002 – 2008)

    A complex and unwavering examination of the societal ills plaguing Baltimore, still focused on the city’s illegal drug trade and tackling the waterfront, politicians, school system, and media consumption as subplots throughout the season. Told the story from all angles and remains one of the best shows ever.


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Fiction publisher

Interview with Eric Nelson of Broadside Books, a conservative imprint at HarperCollins.

In recent years, the conservative imprints at the major New York publishing houses have been put under a microscope. Simon & Schuster canceled its contracts with Milo Yiannopoulos and Josh Hawley in response to public outcry and in-house protests (while refusing to comply with similar demands regarding Kellyanne Conway and Mike Pence).* Kate Hartson, former editorial director of the Center Street imprint at the Hachette Book Group, maintains that she was fired earlier this year for her pro-Trump politics. Last month, Hartson and Louise Burke, former publisher of Simon & Schuster’s conservative imprint, announced the launch of All Seasons Press, a new independent conservative press like Regnery, the publisher that picked up Hawley’s book. Could these developments mark the migration of conservative book publishing from the mainstream houses to smaller companies? And what might be the unintended consequences of such a shift?

To find out how this potential change looks from inside the industry, I called Eric Nelson, the vice president and executive editor of Broadside Books, an imprint of HarperCollins dedicated to publishing books by political conservatives. He joined Broadside the day after Donald Trump’s inauguration, after working for the conservative and business imprints at Penguin Random House.

Eric Nelson.
Provided by HarperCollins

Slate: Why did you personally choose to work at conservative imprints?

Eric Nelson: I realized how rare that knowledge was in the industry, to know the difference between the conservative magazines or the difference between a good 11 a.m. Fox host and a good 11 p.m. Fox host. I thought that not only could I do a good job by concentrating on this but that there was a lot of room for improvement in the quality of the books.

Why did major book publishers start conservative imprints in the early 2000s?

In the ’90s, if you had a book that was for what we now think of as red America, publishers would worry that there were no bookstores in the towns where the audience for this was. Nielsen BookScan proved that not only could those people buy books, they could buy lots and lots of books.

So big publishers saw that either smaller presses like Regnery were having success with conservative titles, or that the few conservative titles from the big houses were doing well, and they decided to publish more of them. But tell me why they decided to establish special imprints for them.

You needed an editor who knew that world. When Threshold started at Simon & Schuster, they hired Mary Matalin to help bring in authors and make sure that their books were being marketed properly. Someone who, say, knew that talk radio was a good way to move books in the 2000s. That was a world that people in New York media didn’t know anything about.

Why not just hire an editor who could do that? Why a separate imprint?

I definitely had the sense from the outside that they were trying to keep the brands separate. People were not excited about publishing the next Rush Limbaugh as part of the same list that included prestige fiction authors. And so there was a sense of maybe it would be better if people weren’t 100 percent aware that Threshold is part of Simon & Schuster.

Do the books you edit appeal to you politically, or is that not that relevant to you as an editor?

The older I get, the more concerned I am about the health of our democracy. And so I do feel like every day that I go to work and I help a smart person make a more coherent and truthful argument, the better it is for our country.

OK, but there are plenty of people who could say that and then would add, “Oh, but I wouldn’t want to work for a conservative imprint because it’s against my own values.”

I’m a libertarian, so it’s usually obvious to me what’s awful about both parties.

I’m going to guess that sometimes you’ve wound up working on books that you really disagree with politically. I’m curious how you have negotiated that. Some people find it so difficult.

In the past five years, my primary political belief is in the capital-T truth. It’s really important to me that people are trying to make the world a better place regardless of their ideology. I edited a book called The Trump Century by Lou Dobbs. His argument was that Trump was such a consequential president that we’ll still be living in Trump’s policy world for years and possibly decades to come. I felt that his argument made sense and was compelling. Even if there are some Trump policies that I don’t agree with, I was convinced by Lou’s assessment of the consequential nature of Trump.

I’m sure that there are plenty of things in that book that Slate’s readers would consider to be untrue.

Yeah, this is an argument I’m constantly getting into on Twitter. To me, something is a lie if it concerns a fact. It can be looked up and established that thing is not a fact. A lie is giving a fake statistic or making a promise you have no intention of keeping. Whereas if somebody says, “Experts say raising the minimum wage could cause more unemployment,” there are people who would be mad, call that a lie, and respond that just as many experts would say the opposite is true, and I feel like that’s just having an argument.

I don’t find any arguments on the left or right morally distasteful if they are intelligent and well made. I have had people say, “But wouldn’t you find a pro-racist argument morally distasteful?” But the problem is that it’s impossible to construct a pro-racism argument that’s true and based on solid research.

You work at Harper, which, because it’s owned by News Corp, is probably the major publisher where it’s easiest to edit the conservative imprint. Your counterparts at the other houses work with colleagues who want to undo the contracts that they’ve signed. Have you ever encountered that kind of internal tension with your co-workers? What’s it like at work to be the editor of the conservative imprint?

You have to have a sense of humor about it. I find if you’re not antagonistic about it, New York media people generally understand what you’re up to. That doesn’t mean that I don’t have colleagues who secretly wish that none of my books were being published.

Let’s talk about the pressure campaigns to cancel the contracts of everyone from Josh Hawley to Kellyanne Conway to Mike Pence. This is not something that would have happened 10 years ago, is that correct?

Yeah.

How would you characterize what is happening with the rise of these campaigns?

The overall culture has changed to be pro-censorship, with the belief that by limiting our ability to discuss some ideas, it will make those ideas disappear or lose value among the public—which is delusional, and that has been proven over and over.

Also, there are more truly awful people that have carved out a big audience for themselves than before. These people are famous enough now to have a platform, and so their books look worth doing, financially, but 10 years ago these people would have been taking out ads in the back of the Weekly World News to get people to order their pamphlets on various snake oils.

Who are some examples of that?

I mean, somebody like Alex Berenson occurs to me. He’s developed a huge following for a very methodical kind of insanity.

Do you think these pressure campaigns focused on specific titles, whatever their intentions, might ultimately result in the closing down of the conservative imprints?

I’m not sure. I’m sure that the pressure campaigns that burst into public view started as quiet, interior campaigns. I’m guessing that there have been lots of cases where somebody went to their boss saying, look, we think that the title or cover or blurb for this book is going to be really offensive. It may even have been changed. But I also think that there must be some significant group of people within book publishing companies who would like to see nothing to the right of Joe Biden ever published by their publishing company again, as a purely political win.

What is your argument for conservative books being published by imprints in major houses versus by small specialty publishers? When Josh Hawley’s book contract was canceled by Simon & Schuster, he went to Regnery. As a result, many people who objected to Hawley have pointed out that he wasn’t censored. But will there be unforeseen consequences of a shift like that, if more and more of these people start publishing with independent conservative presses?

Something that was really instructive to me at the end of the Trump administration was the growth of Parler. The idea was that if Twitter and Facebook start limiting the things you can talk about, then Americans will lose interest in talking about those things. And one of those things was whether or not the election was stolen. And what we got, instead of turning down the temperature, was an insurrection that started among the kinds of people on Parler. So blocking ideas out of the mainstream doesn’t reduce what ideas are acceptable to the American public. It probably actually grows them. It encourages more conspiracy theories.

What you are implying is that a smaller, independent, purely conservative press might not have the same quality control you provide with your imprint.

Yes.

Can you give me an example of that?

A story that I’ve mentioned frequently is that most conservatives got the impression from social media that Joe Biden said that Donald Trump’s policy of ending direct flights from China during the early days of the pandemic was xenophobic. In fact, Biden constantly called Trump xenophobic in his stump speech, and he wasn’t referring to that specific policy. This is a little thing, but gets mentioned offhand in manuscript after manuscript I’m editing. Usually when I point out to the authors that it didn’t go down the way that they thought it did, they get rid of it. This isn’t quite fact-checking, but it is not letting people build any part of their argument out of something that’s not footnote-able.

Do you feel that some of the independent conservative presses don’t apply the same level of checking?

Absolutely. There are many small publishers where, when I see one of their books—you can let your ideology blind you to whether or not you’re publishing books that are presenting reality to your readers.

An argument that many people in the book publishing industry make about conservative imprints is that even if they dislike the books and the authors who write them, the money made from those books goes to less lucrative books that they care deeply about.

It’s a reasonable argument. If someone really famous goes to a small press instead, and all the rest of that press’s list is anti-vaccine propaganda, and that famous person’s book is a tremendous success, then what that is going to get us is a slew of additional books that are anti-vaccine propaganda. If you’re liberal and you don’t want there to be any conservative bestsellers from the mainstream houses, then you’re likely just injecting a bunch of money into the parts of the media that you most hate. It’s not a very good tactic.

What are your thoughts on the New York Times bestseller list and conservative books?

What I’m constantly explaining to my authors when they don’t make the New York Times bestseller list is that that list is not a strict accounting of what the bestselling books have been over the last week. The New York Times list has been assembled forever based on a secret formula in an attempt to show New York Times Book Review readers what kind of books New York Times Book Review readers are buying. The theory is that it is heavily weighted towards independent bookstores in college towns. What frequently happens is an author will be No. 10 on the Publishers Weekly bestseller list, based on BookScan, and not make the New York Times list at all.

“I say this with real affection for all of the liberals in my life, but almost all liberals possess a delusion—not shared by conservatives—that the other side is faking it.”

— Eric Nelson

There is this idea out there that conservative titles are more prone to bulk sales—which means that some organization buys boxes of books to give away as premiums, thereby driving up the number of copies sold in a way that seems deceptive, such as GOP groups buying copies of Donald Trump Jr.’s book to give to donors. How would you respond to that?

In reality, it’s not a major issue for conservative titles. I mean, if there were a magical way to just move 10,000 extra units because the Koch brothers or somebody had a fund for making conservative bestsellers, my job would be so much easier.

I say this with real affection for all of the liberals in my life, but almost all liberals possess a delusion—not shared by conservatives—that the other side is faking it. Every liberal I know believes that every conservative is just pretending to be conservative. Tucker Carlson, who is a smart guy who went to school in Connecticut and lives in a city—he’s obviously not actually conservative, they think, he’s just inventing this to make money. And all the people watching Tucker Carlson are also just pretending to be conservative. So then, who would buy Tucker Carlson’s book? It’s treated as a weird mystery.

Nevertheless, Mike Pence got $4 million in a two-book deal, and I just can’t even believe that a single book by Mike Pence could make $2 million without some kind of bulk sales scheme. Is that my own delusion?

It really depends on what the content of the book is. Again, this is a hard thing for Democrats to wrap their mind around: It really does matter to conservatives what’s in the book.

What would be a scenario where the Pence book would earn out? And what would be a scenario in which it wouldn’t?

I suspect that the two scenarios in which it would would be if he said some really vicious things about Trump and the John Bolton audience came to the book, or if he gets the presidential memoirs audience. If people bought this book to have a day-by-day account of what was, for all intents and purposes, a real presidency. It could fail if it is a book that is not granular enough and is filled with platitudes and aimed at an uncertain audience. If it’s not quite for Trump fans, but it’s not quite for anti-Trump fans, and it’s not quite for historians, then it’d be hard to know who it was for.

So if it was your basic campaign book.

Yeah, if it was called something like The Charge I Bore, and it began with his first day in kindergarten. Then it would be hard, at least for me—but I’m wrong all the time. Maybe that’s the most valuable book. But it’s more likely one of the other ones that would be.

Broadside publishes Ben Shapiro’s book. What has the response to that been?

His new book is called The Authoritarian Moment, discussing deplatforming. And he is a very well-known guy who is not going to be invited on anything mainstream. We already know all the media that could possibly be willing to have him. It would be nice to think that you could get him on a morning show, even for an unfriendly interview, and they’re just not going to do it because there’s not enough upside.

Plenty of people think Ben Shapiro shouldn’t be invited on any kind of show.

Exactly. Shapiro is thought of by the right as moderate in many ways, basically the way that maybe Ezra Klein is thought of on the left. But the difference is, if Ben and Ezra each decided to have each other on as guests, Ben’s audience would say, “Oh, man, you really showed it to Ezra!” And Ezra would lose 100 percent of his audience if he didn’t then spend at least two weeks on a listening tour of the people he had hurt and expressing profuse apologies for allowing Ben the platform of speaking with Ezra.

The left is continually saying, all these people over here are too far to the right. They’ve been carving those people off for so long that now they’re carving off Matt Yglesias and Glenn Greenwald. And the right is embracing them. Ben Shapiro is such a frequent target because he’s the farthest person to the right that the left is willing to pay attention to. So while there are people on, you know, Newsmax and OAN with far more controversial opinions, liberals would much rather go after someone fairly mainstream and conservative than someone pretty far to the right.

So what you’re saying is that people who are seen as fairly centrist in the world of conservatives tend to become the bêtes noires of the left media?

The more things you have in common with the left, the easier it is for them to find you and be mad at you.

Correction, July 12, 2021: This article originally misstated that Threshold, an imprint of Simon & Schuster, canceled Josh Hawley’s book contract. The Simon & Schuster imprint was to have published Hawley’s book.


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Dogri Sanstha releases TR Magotra’s poetry book

TR Magotra’s book of poetry is published online.

Excelsior correspondent

JAMMU, July 12: A Dogri ‘Hirdyegat’ poetry book written by TR Magotra ‘Sagar’ was published today by Dogri Sanstha Jammu in an online feature.
Prof Lalit Magotra, President of Dogri Sanstha Jammu presided over this ceremony. The book is a collection of 101 poems by the author containing songs, ghazals and bhajans.
Professor Veena Gupta, Vice President of Dogri Sanstha Jammu and former Head of Department of Dogri at the University of Jammu, read a scientific article on the published book, highlighting the salient qualities of the poems contained in the book.
Professor Lalit Magotra, in his presidential remarks, appreciated TR Magotra ‘Sagar’ for his contribution to Dogri literature by writing seven books in Dogri which include collections of poems and some aspects of history. Professor Magotra said that the two dominant themes of the poems in the published book are praise of the Creator and the uselessness of the world’s goods and riches. He stressed that one of the characteristics of the Duggar region is its religiosity. “The Dogras are people of a predominantly religious nature and Duggarland is known to be the home of many local goddesses and deities. In this sense, the bhajans and prayers of the gods in the published book represent local ethics. Devotion to God naturally leads to a feeling of renouncing the goods of the world, as many poems in the book show, ”he said.
Earlier, the author of the book recited some of the compositions from the book and expressed his gratitude to Sanstha for publishing his book.
At the start of the program, Dr Chanchal Bhasin, Secretary Dogri Sanstha Jammu, highlighted the usefulness and immense success of the online literary programs organized by Dogri Sanstha Jammu.
Technical support to all of the above has been effectively provided by Pawan Verma.

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The First Daily of Jammu and Kashmir, India


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How a woman’s struggle with lockdown in Jacksonville in the 1800s makes sense today

A British author has something to say about women’s rights in contemporary society, and she does so by telling the story of a 19th century woman whose husband called her crazy.

“Why does it take so long for women to be heard and believed? Asked Kate Moore, author of The Woman They Couldn’t Silence. “Basically, for centuries, every time women have used our voices to express themselves… people say we’re crazy.”

Moore, who also wrote “The Radium Girls” about women who fought for workers’ rights after suffering radium poisoning in a job they had been assured to be safe, came up with the idea of his last book in 2017.

The Jacksonville Public Library will offer a free Zoom-based program featuring author Kate Moore at 6:30 p.m. Tuesday. Moore will discuss his latest book, “The Woman They Couldn’t Silence”. The event will be available for viewing at home with a Zoom link or in the library meeting room. To register and receive information about Zoom or to reserve a place at the library, email Sarah Snyder at [email protected]


This was the year that gave birth to the #MeToo movement, demanding that society listen to women and start tackling issues of sexual harassment and abuse.


“I’m a storyteller at heart, even though I write non-fiction,” Moore said from her London-based home. “I went to look for women. I wanted to write about a true story and the issue of women’s mental health being wielded as a weapon against them.

She found Elizabeth Packard, a housewife and mother of six who lived in Illinois in 1860.

“I went to get a woman’s story,” she said. “I was pretty confident that there must be a woman in the story (that matches the bill). I found it in a randomized trial from the University of Wisconsin. I had come across this google search link. There was a single mention of Elizabeth Packard on four pages.

After searching for Packard by name, Moore “very quickly realized she was going to be the right one,” she said. “She’s amazing. Absolutely fearless.

Packard’s husband Theophilus, feeling threatened by his “intellect, independence and unwillingness to stifle his own thoughts,” claimed she was mad and sent her to the Illinois State Asylum and Hospital, the precursor of the Jacksonville Developmental Center, now closed.

While Illinois law required a review of involuntary engagements, there was an exception for husbands, and Packard spent the next three years confined to the facility. Upon her release, her husband locked her in a room in their house until she managed to send a letter to a friend and ultimately win a lawsuit – and her freedom.

“The first two chapters (of the book) have men breaking into her room with an ax and dragging her to an insane asylum,” Moore said. “There is drama in the courtroom. She is brilliant and selfless. It is a privilege to write on this subject.

The book reads like a novel, even if it’s not fiction, Moore said.

“When you write non-fiction and know you are writing a non-fiction book, there is an added tension,” she said. “There is the scary nature of what you read, when you know what you read is true. It is a level that fiction cannot reach.

For example, while Packard’s story involves being sent to an asylum, other women have been forced to undergo “barbaric” medical procedures as “cure,” she said.

“Coming into it, I knew I was writing about the suppression of women by psychiatry,” Moore said. “But I was shocked at the treatment given to some of those who were supposed to be crazy but did nothing more than read a book or study. They pushed the boundaries of what it meant to be a woman, which back then was to be a wife and a mother. ”

Moore also enjoys writing non-fiction because it allows him to dig into history to find details about the weather at the time, the clothes, the way people spoke.

“I think there’s an added intensity to that,” she said of the non-fiction. “I’m trying to make a story out of it, so even if you’re not interested in women’s mental health, not interested in insane asylums, you can take this book and enjoy it.”

It’s not just a story about something that happened 160 years ago, Moore said, noting that people called Vice President Kamala Harris a “crazy woman” when she became for the President Joe Biden’s first running mate and singer Britney Spears “fighting to get out of male chains” from a tutelage that for years labeled her mentally incapable of making her own decisions.

“Time and time again, there are modern instances that mirror the instances that I write about in the book,” Moore said.


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JLL Capital Markets arranges $ 9 million loan for Camber Real Estate Partners

JLL Capital Markets has arranged a $ 9 million financing for a 77,875 square foot fully leased industrial facility located at 100 Industrial Rd. In the community of Berkeley Heights, northern New Jersey.

JLL worked exclusively for the Borrower, a joint venture between Camber Real Estate Partners and an institutional investor, to place the five-year fixed rate loan with First Bank.

The borrower acquired the vacant property in an off-market transaction earlier this year and is doing extensive renovations to divide the building into two well-appointed units which are both long-term leased. Located on 4.58 acres in the industrial submarket of Route 78/22, Berkeley Heights is a wealthy suburban New York City dormitory community located in Union County. The building is in a small industrial district that has access to northern New Jersey transportation infrastructure, including highways 78 and 287 and US Highway 22.

The JLL Capital Markets Debt Placement team representing the borrower was led by Senior Managing Director Greg Nalbandian and Vice President Michael Lachs.

“Cambre has created significant value by pre-letting the entire building at very attractive rents,” said Nalbandian. “These attributes combined with top notch sponsorship made this a very attractive fundraising opportunity. First Bank did a tremendous job securing this loan, and we were honored to represent Camber on another successful project. “

JLL Capital Markets is a global full service provider of capital solutions for real estate investors and occupiers. The company’s in-depth knowledge of the local market and global investors provides the best solutions for clients, whether it is investment advice, debt placement, equity placement or recapitalization. The company has more than 3,700 capital markets specialists around the world with offices in nearly 50 countries.

To access more business news, visit NJB News Now.

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Congress passes Covid deal with help to travel suppliers, deductibility of meal expenses

The United States House and Senate on Monday approved $ 900 billion Covid-19 relief legislation, which would allow business travel providers to access a second round of federal loan programs to help overcome the persistent drought in demand fueled by the virus. The bill requires the signature of President Donald Trump to enter into force.

Covid-19 aid programs are part of the 2021 Federal Public Finance Law, an omnibus spending bill. According to reports and several travel industry associations, the provisions of the legislation include not only supplier support, but also a decision to make all ordinary business meal expenses tax deductible in 2021 and 2022.

Trump had suggested in March to make more tax deductible on business meals, but no action was taken on this until the latest legislation. The U.S. tax code has long allowed businesses to deduct 50% of customer meal expenses and most types of employee meals from corporate tax, but Trump’s 2017 tax reform added the specification that Such a deduction was only allowed for meals which were not “lavish or extravagant”. “

The legislation contains several supplier relief provisions sought by the industry and its organizations, including:

• An extension of the Paycheck Protection Program, the program that allowed small supplies to access forgivable loans if they kept employees on their payroll. According to the US Travel Association, the latest iteration of the $ 284 billion PPP allows employees with 300 or fewer employees who have seen their earnings in a quarter in 2020 fall by more than 25% year over year. the other to access forgivable loans, provided they spend at least 60 percent on the payroll. Loans for most businesses would total up to 2.5 times the total payroll, but are capped at $ 2 million. Hotels, however, could access 3.5 times the total payroll.

• Eligible non-salary expenses for P3 recipients have increased and now include “supplier costs and investments in facility modifications and personal protective equipment to operate safely,” according to the American Society of Travel Advisors .

• Business expenses paid with PPP loans will also now be tax deductible, clarifying the wording of the original coronavirus aid, relief and economic security law that sparked a dispute with the Internal Revenue Service.

• $ 15 billion in funding for the Treasury Department’s Payroll Support Program for airlines, allowing them to access loans to be used exclusively for payroll until March 31. Carriers can also use the loans to rehire workers made redundant after the original PSP expires on September 30. 2020, according to US Travel.

• $ 1.75 billion in subsidies to airports “to prevent, prepare for or respond to Covid-19”, funds to be used exclusively for “costs related to operations, personnel, cleaning and debt service”, according to US Travel.

• $ 1 billion for Amtrak to maintain service and prevent holidays until March 31.

The legislation does not include liability protection for companies that comply with Covid-19 health and safety regulations whose employees or customers contract the virus, a fact noted by the vice president of government relations and community members of the Global Business Travel Association, Shane Downey.

“We cannot stress enough how desperately this funding is needed, nor how much this Congressional action will add momentum to a global resurgence of travel and the economy,” Downey said in a statement. “That said, we hope Congress will soon tackle the necessary relief of Covid-19 liability for risky businesses through no fault of their own.”

The GBTA and other industry groups have also indicated that they are happy with the massing of the legislation, but have stressed the need for additional support in 2021.

“The GBTA is happy to see Congress adopt a back-up plan that will save jobs, speed up Covid-19 testing and vaccine distribution, and help travel companies on the brink of bankruptcy,” Downey said.

“Fortunately, this package is widely seen as a short-term ‘bridge’ to early 2021 and it is clear that the next Congress will pass additional relief legislation in the first quarter,” said the chief executive officer of ASTA, Zane Kerby, in a statement. “Something is better than nothing, and we appreciate the leeway this bill will provide to the vast majority of our members.

American Hotel & Lodging Association President and CEO Chip Rogers said in a statement that the association “looks forward to working with Congress and the new administration on a longer-term stimulus package that will ensure the survival of our industry and is well positioned to help the country recover economically once the threat to public health subsides. ”

Airlines 4 America President and CEO Nicholas Calio said in a statement, “Our people are the backbone of the industry and our greatest resource, and the carriers have done everything possible to protect their jobs. Now, as our country turns to recovery, it is more critical than ever to have our employees on the job and ready to help. “

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Layoff or Forbearance Could Make Future Home Loans More Difficult

Personal Finance Insider writes about products, strategies, and tips to help you make informed decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. The conditions apply to the offers listed on this page. Read our editorial standards.

  • As millions of Americans lose their jobs during the coronavirus outbreak, banks are offering mortgage forbearance.
  • However, lenders might view taking advantage of this offer – and your initial job loss – as financial hardship, and it could hurt you when you apply for financing for a home loan in the near future.
  • There is no official rule on how lenders should handle job loss and forbearance amid COVID-19, so ask your lender what their policies are.
  • You may not want to sign up for forbearance if you are still able to pay; If you’re having trouble making your mortgage payments, forbearance might be your best option.
  • Learn more about personal finance coverage »

As unemployment climbed 15% from 4.4% in March due to the coronavirus pandemic, many lenders have extended special mortgage forbearance plans to prevent homeowners from falling behind on their bills.

When your loan is forborne, your mortgage payments are suspended for a period of time. According to the lender – those who offer and extend the forbearance plans currently include reputable banks such as Regions, Bank of America, PNC, and Wells Fargo – you can repay the amount in one installment, spread the payments over time, or defer missed payments at the end of your loan term.

Especially for people without work, forbearance can help you keep your home even if you can’t make payments during the pandemic. By signing up for forbearance, you could also free up funds to cover necessary expenses while you’re out of work, including other bills or a trip to the hospital.

However, there can be an unintended consequence: by taking out the forbearance, you may lose your ability to qualify for a home loan in the near future.

Mortgage lenders verify employment until closing

The problem of economic hardship and tolerance is not just what might happen in the future; this is also what is happening now with home purchase agreements.

When you first applied for a mortgage, you probably had to provide proof of income. But if you’ve lost your job between when you applied and when you closed, you run the risk of the lender canceling your loan offer.

“Banks have been checking employment right before shutdown for years,” said Melissa Cohn, executive vice president of Family First Funding LLC. “Previously, they would just call and verify that the borrower is still employed. The mortgage. “

You may not be able to close a house if you have been laid off or even been on leave (temporary layoff with the promise that you can come back). You will still be able to close if your hours have been reduced due to COVID-19, depending on your income.

“The truth is, if you’ve, in fact, lost your job, it’s probably the worst time in the world to take out a new loan anyway, right?” said Andy Taylor, Managing Director of Credit Karma Home. “It also works to your advantage, because that’s exactly the kind of thing that got people in trouble in 2008. You know, you can’t afford the mortgage, so you probably shouldn’t take a loan. it’s just good financial advice, anyway. “

Forbearance can hurt your chances of getting another home loan in the near future

Typically, lenders don’t want to give a home loan to someone who has recently signed up for forbearance, so you might have difficulty refinancing in the near future.

“Forbearance is a sign of economic hardship,” Cohn said, “If you are having economic hardship, how would you qualify for a new mortgage? “

At this point, there is no clear information on whether lenders will treat coronavirus forbearance any differently from forbearance under normal circumstances. Some may stick to their pre-existing policies regarding forbearance and future funding, while others may make exceptions or change the rules.

“I think what’s interesting about what’s going on right now is that everything is absolutely unprecedented,” Cohn said. Lenders cannot rely on a similar experience to decide how to handle financing during the outbreak.

Ask your lender about future financing if you opt for forbearance

When you sign up for forbearance after job loss, check with your lender about future financing. If your mortgage is already forborne and you think you will need financing in the next year or so, contact the lender to ask what your options are.

“This is an unusual time, and because so many Americans are financially affected, we really have strong hopes that lenders ultimately will view forbearance for this specific reason as a special case,” Taylor said. “Because a) there are so many people involved, and b) this is something that is mainly outside the borrower’s control.

“That said, lenders take into account elements such as: what was the borrower’s position before entering into this forbearance? Taylor continued. “Did you make your payments on time and in full? And in fact, that’s just great advice in general: don’t just pay. Make sure to contact your bank if you are having financial difficulties. “

Taylor advises working to prove that you are a reliable borrower, even after the forbearance period ends.

“It can be thought of as kind of ‘extra credit’ at the end of the day, but… a lot of lenders say they want to see about 12 months of on-time payments after that,” Taylor said. “Just to kind of put that icing on the cake.”

If you were to move to a new area because you found a new job after losing your job, for example, Taylor said you might have to rent a house for 12 months to demonstrate that payment history in time before you apply for a new one. mortgage loan. .

Sign up for forbearance only if you really need to

Abstention can be a good source of financial relief for people who lost their jobs during the pandemic. It might also be appealing to people who haven’t lost income yet, but know they may qualify.

“What’s most interesting, I know at least in New York State, and my understanding is probably the same nationwide, is that you don’t have to prove an economic hardship if you want to. go into forbearance, ”Cohn said. “I even had a few people who told me they received information from their banks before they even asked, saying they could go into forbearance.”

Cohn said if you’re still working and can afford the mortgage payments, keep doing it. Do not sign up for forbearance unless you need to. There is no need to risk being rejected for a future home loan if you don’t need financial help now.

However, if you are struggling to make your mortgage payments during the pandemic, you should consider applying for forbearance, even if you think you may need new financing in the near future.

“Forbearance is for people who need it,” said Chris Diamond, director of financial products at Better.com. “And so if you need it, no matter if it impacts your future ability to get a loan, you should take it. Because if you miss that payment, you won’t be able to get a loan anyway.”

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In Ecuador, Correa and his legacy threaten elections

The Ecuadorian presidential election was supposed to be a competition between a leftist candidate in the mold of ex-exiled former president Rafael Correa, and a traditional, center-right, pro-market alternative. But during the counting of the votes after the first round on Sunday, the voters had delivered a surprise. Ecuadorians could be left with a choice between two leftists, potentially signaling that the coronavirus pandemic has opened the door to a new ‘pink tide’ in South America.

The final result of the vote has not been decided and will only be decided in the second round on April 11. The only certainty is that no candidate got enough votes on Sunday to win straight away. The top voter was Andres Arauz, a 36-year-old former minister in Correa’s cabinet. But the vote for second place is too close to be called, and a new count will be needed to determine who will be in the second round against him – either market-friendly curator Guillermo Lasso or indigenous environmentalist Yaku Perez, who describes his point of view. as “another left”, unlike that of Correa and Arauz.

Arauz’s victory, who garnered 32% of the vote in the first round, would likely mark a victory for Correa, who remains in exile in Belgium, a fugitive from the law after being sentenced to eight years in prison last year for corruption. and again banned from holding public office. Correa, close to Venezuelan Hugo Chavez, was one of the socialist leaders who came to power in the pink tide of the early 2000s. Like other members of this movement, Correa spent lavishly on social programs, raising the bar of the poor through increased income from oil exports during a commodity boom. And, like others, he displayed strong authoritarian tendencies, removing term limits and seizing more and more power. Correa’s business model also collapsed when commodity prices fell, like its left-wing peers. Ecuador’s economy has remained in shambles, with much of its future oil production being mortgaged to China to repay loans.

From his exile in Belgium, where his wife is from, Correa recently declared that he was “in perfect synchrony” with Arauz. Although he risks arrest if he returns to Ecuador, he said he would advise his protégé from abroad.

Despite his performance in the first round, Arauz could be injured by Correa’s embrace. The former president, who is still the subject of 35 additional criminal investigations, is hugely popular among some Ecuadorians but vilified by others. In fact, it could even end up costing Arauz the election. But if Perez gets second in the second round, the left would take power even if voters repudiated Correa’s man.

The prospect of a left-to-left election sent Ecuadorian bonds tumbling down in global credit markets. Perez may not be Correa, but much of what he said has already confused international investors.

Whoever becomes president will face an economy reeling from the pandemic, with prospects for recovery made much more difficult by Correa’s legacy. A few months after taking office in 2007, Correa defaulted on the country’s sovereign debt. It scared off the lenders. Correa therefore turned to China, which demanded a commitment to supply oil from Ecuador’s future production to repay its loans. Now that the economy is in free fall, shrinking by around 10% in 2020, rising oil prices will not provide the help the Ecuadorian economy needs, while the bulk of Ecuadorian oil continues to fall. go to China to pay off old debts.

Ecuadorians could be left with a choice between two leftists, potentially signaling that the coronavirus pandemic has opened the door to a new ‘pink tide’ in South America.

Perez’s rise was a surprise. Indigenous Ecuadorians represent a smaller share of the population than in Bolivia, for example, where they fueled the rise of former President Evo Morales. Environmental activist, Perez changed his name from Carlos to Yaku Sacha – “mountain water” in his native Quechua language – and organized protests against government-backed mining projects since Correa’s presidency.

It does not fit into the mold of classic leftists, since it rejects Marxist ideology. But he shares their contempt for international lenders. He gave coldness to the International Monetary Fund, to which Ecuador owes $ 6.5 billion, refusing to meet with IMF officials, vowing not to repay what he calls “illegitimate debt”. He even said he was going to tear up the loan agreement between the IMF and outgoing President Lenin Moreno. However, as his prospects for victory began to improve, he offered assurances that he would honor the country’s commitments to the IMF.

Foreign investors are torn apart. While their preferred candidate is Lasso, a former Minister of the Economy, some fear that a face-to-face meeting between Lasso and Arauz will open the door to what they see as the worst option: a Correa 2.0 administration. . Fingers crossed, they hope Perez, if he wins, will be more accommodating than some of his campaign statements.

Like other countries in Latin America, Ecuador has been hit by the coronavirus. The experience of Guayaquil, its largest city, was a first sign of the severity of the public health crisis. The authorities there were so overwhelmed at the start of the pandemic that they could not keep up with the collection of the corpses, which were piling up on the sidewalks of the city.

Added to existing economic woes, the pandemic derailed Moreno’s efforts to stabilize the economy last year. Moreno’s austerity measures crushed his popular position, paving the way for a potential return of correismo, Correa’s brand of populism.

For Correa, Moreno is “the greatest traitor in the history of Ecuador and Latin America”, and it’s personal. Moreno had been an ally of Correa, as vice president, before turning on him in an anti-corruption campaign once he took over.

As president, Moreno also wanted to reverse the autocratic trend of the Correa years. He refused to run for office and ushered in the reintroduction of term limits. In addition, he denounced the practice, too popular in Latin America, according to which former presidents remain powerful forces after their resignation.

But on this front, too, Moreno’s efforts could ultimately fail. A victory for Arauz would amplify Correa’s lingering influence. The same happened in Bolivia last year, where the fallen Morales, another member of the Pink Tide, saw his own protege come to power. The question now is whether the devastation wrought by the pandemic will lead to a new wave of socialist leaders in Latin America, starting with Ecuador, who are beholden to the still influential leaders of the former.

Frida Ghitis is a global affairs columnist. A former producer and CNN correspondent, she is a regular contributor to CNN and the Washington Post. Her WPR column appears every Thursday. Follow her on Twitter at @fridaghitis.

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Latest offers from SBI, Bank of Baroda, HDFC, ICICI Bank

Owning the home of your dreams could soon become a reality. India’s major lenders – State Bank of India (SBI), Kotak Mahindra Bank and Axis Bank, Bank of Baroda – recently cut mortgage interest rates to boost demand during the holiday season. In addition to the historically low interest rates, there are tons of offers including discounts on processing fees or special benefits for women buyers to attract home buyers.

“Interest rates on home loans are at their lowest level in 15 years. Coupled with the lowest house prices and additional discounts and offers from developers, there are very real savings to be made on the investment. costliest in life, ”said Santhosh Kumar, vice president – ANAROCK Property Consultants.

Take a look at the mortgage interest rates offered by the different banks:

National Bank of India: State Bank of India, India’s largest lender, now offers interest rates from 6.90% for a home loan up to ??30 lakh and 7% for above ??30 lakh. Borrowers will get an interest concession of 25 basis points on a mortgage greater than ??75 lakh, based on their CIBIL score, the lender said.

“As an extension of its recently announced festive offers, the SBI is offering a concession based on the credit rating of up to 20bp, previously raised by 10bp, for a mortgage greater than ??30 lakhs and less ??2 crore across India, ”the lender said. The same concession would also be applicable for a loan amount of up to ??3 crore in eight metropolitan cities. An additional concession of 5 basis points for all home loans will be granted if applied through YONO, he added. A 5 basis point interest concession will be granted to female borrowers, the bank added.

Kotak Mahindra Bank: Customers can now avail home loans starting at 6.9% per annum this holiday season at Kotak Mahindra Bank. If borrowers from another bank transfer the loan account to Kotak Mahindra Bank, they will be able to save up to ??20 lakh for the transfer of the balance, the bank said. In addition, female applicants can obtain special rates on all loan products.

Bank of Baroda: The state-owned bank on Saturday announced a 15 basis point cut in its mortgage rate indexed to home loans. Mortgage rates at the Bank of Baroda will start at 6.85%, from Sunday.

Union Bank of India: The lender said it reduced its interest rate by 10 basis points for home loans above ??30 lakh. In addition, female borrowers will benefit from an additional reduction of 5 basis points in the interest rate on top of this reduction for such loans. Home loans to Union Bank will start from a 7% interest rate. There will be no processing fees on home loans until Dec. 31, the lender said.

Axis Bank also offers home loans starting at 6.9% per annum. Customers can benefit from home loans starting at 6.9% per annum from HDFC bank. The private lender charges 0.5% of the loan amount as a processing fee. However, the fees are capped at a maximum of ??3000. ICICI Bank offers home loans at 6.95%, up to 7.95%.

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WISEPlace, a First Foundation partner supporting our communities, received an AHEAD grant from the Federal Home Loan Bank of San Francisco to help homeless women

IRVINE, Calif .– (COMMERCIAL THREAD) – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced that WISEPlace is the recipient of an AHEAD grant of $ 37,500.

WISEPlace is a First Foundation Inc., (NASDAQ: FFWM), a nonprofit partner of Supporting Our Communities that received a $ 25,000 grant for its work to end homelessness for women.

“We are very grateful for the grant and our partnership with First Foundation,” said Brateil Aghasi, CEO of WISEPlace. “The women at WISEPlace are strong, intelligent and employable and most have been forced into uninvolved homelessness – divorce, job loss, illness – and quickly found themselves alone in their cars or outside due to the lack of affordable housing. At WISEPlace, they can be safe, receive guidance and support, and get back on their feet. Imagine how terrifying it is to be alone and homeless during a pandemic, ”she said. “With COVID-19 leading to unemployment and economic distress, vulnerable women need housing and support more than ever. ”

WISEPlace is the only Orange County-based nonprofit leading the effort to end homelessness for unaccompanied women. It provides women with a safe transitional and emergency shelter, counseling and mental health services, substance abuse case management and recovery, and employment assistance to help them rebuild their lives.

The First Foundation’s grant in 2019 included not only financial support, but also professional advice related to its nonprofit activities, including: fundraising; donor culture and stewardship; donation planning design; training of staff and board of directors; campaign planning; construction of panels; development of essential policies and protocols; organizational planning; and advise on the implementation of best practices in tax matters such as cash management and investment strategies.

WISEPlace has served 8,100 women over its 90-year history. Nearly one in four homeless Americans can be classified as an unaccompanied woman, and people aged 62 or older are the fastest growing homeless population in the United States. WISEPlace is where an adult woman of any age can get the help and support they need from a dedicated team of case managers, advocates and counselors. Through its programs, WISEPlace ensures the transition of 75% of its clients to stable housing and 81% are able to obtain employment.

“We are delighted that our First Foundation member is using our AHEAD grants program to support WISEplace and the women it serves,” said Marietta Núñez, Senior Vice President and Head of Community Investments at FHLBank San Francisco. “The work they do, providing shelter and so much more to give hope to unaccompanied women, is especially valuable in these uncertain times.”

About WISEPlace

For over 90 years, WISEPlace has served over 8,100 women by providing transitional and emergency shelter, counseling and mental health services, addiction case management and recovery, and support. for employment to help them rebuild their lives. The nonprofit is the only organization based in Orange County leading the effort to end homelessness for unaccompanied women. Originally established as South Orange County YWCA, WISEPlace instills hope in women and paves the way for personal stability, so that they are not alone in the face of adversity. More recently, the organization announced a housing development partnership to build permanent supportive housing while continuing essential services offered to all participants. WISEPlace is headquartered in Santa Ana, California. For more information, visit www.wiseplace.org.

About the first foundation

First Foundation (NASDAQ: FFWM), a financial institution founded in 1990, provides banking services to individuals, businesses and private wealth management. The company has offices in California, Nevada, and Hawaii, and is headquartered in Irvine, California. For more information, please visit www.firstfoundationinc.com.

About FHLBank San Francisco

FHLBank San Francisco is a member-driven cooperative that helps local lenders in Arizona, California, and Nevada strengthen communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions promote home ownership, expand access to quality housing and stimulate economic development. AHEAD grants are awarded annually and delivered through Bank member financial institutions to local community organizations for projects and programs that benefit low-income and underserved communities.

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Homeowners with poor credit weigh heavily on the US mortgage market – press enterprise

By Christophe Maloney | Bloomberg Contributor

Nearly double the percentage of Ginnie Mae borrowers requested forbearance compared to conventional borrowers, according to a Mortgage Bankers Association report on Monday.

Forbearance mortgages fell to just over 7% of the global universe, the lowest since April. However, Ginnie Mae has a higher share – 9.1% versus 4.6% for conventional mortgages backed by Fannie Mae and Freddie Mac, according to MBA data.

Ginnie Mae is known for serving the needs of homeowners with lower credit standing, and the forbearance numbers highlight the difference. The average FICO score for the 30-year-old Ginnie Mae II borrower is 705, while for the typical 30-year-old borrower it is 758.

When borrowers fall into forbearance and delinquency, it increases the risk that the loan will end up in default and require a redemption, which for mortgage investors are prepayments by another name because it will be redeemed at par. This can weigh on the performance of the portfolio.

While the percentage of withholding Ginnie Mae owners fell by 50 basis points in the latest report, “at least part of the drop from Ginnie Mae’s share was due to agents buying delinquent loans in pools and put them in their portfolios, ”said Mike Fratantoni, senior vice president and chief economist of the MBA.

Examination of delinquency data for 30-year borrowers from Ginnie Mae II shows that the problem is particularly acute in higher coupons. For example, while the 4.5% of the 2016 to 2019 vintages have failure rates of over 90 days averaging 13.7%, according to data compiled by Bloomberg, the 3% coupon of the same vintages shows a 7.2% relatively paltry.

The trend could get worse for Ginnie Mae’s MBS investors before it improves. “Forbearance requests increased over the week, especially for loans from Ginnie Mae,” Fratantoni said. “With just under a million unemployment insurance claims still filed each week, the lack of additional tax support for the unemployed could lead to an even greater increase in the number of people requiring abstention.”

Christopher Maloney is a market strategist and former portfolio manager who writes for Bloomberg. The observations he makes are his own and do not constitute investment advice.

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COVID-19, Economic Pressures Add Complexity to Fruit and Vegetable Buying Trends | 2020-08-12

Sales of fresh produce are still strong from a year ago, but fruit and vegetable growth rates fell in late July and early August, according to the latest IRI data.

The net result for fresh produce was an increase of 8.4% from a year ago in the week ending August 2, down about three percentage points from the previous week . Frozen and shelf-stable fruits and vegetables recorded higher percentage gains but on a smaller basis, with particular strength for frozen foods, at + 20.3%. Since the start of the year, sales in the fresh produce department have increased by 10.9% compared to the same period in 2019. Frozen fruits and vegetables have grown the most, up 27.6% since the start of the year. beginning of the year, noted Anne-Marie-Roerink, president of 210 Analytics. . His company, along with IRI and PMA, have teamed up to understand sales of fresh produce at retail throughout the pandemic.

Analysts say the drop could be due to several different factors.

“There are a lot of factors that go into the product puzzle in retail right now, with the market getting more and more complex from week to week,” said Joe Watson, vice president of membership and commitment to the Produce Marketing Association (PMA). “Consumer concern about the virus remains very high, economic pressure is mounting, Hurricane Isaias left several hundred thousand homes without electricity all along the east coast and all the while, consumers are struggling. with meal planning and new recipe ideas. All of this affects the sales of fresh produce at the retail level, some positively, others negatively.

Consumer concern over COVID-19 remains high but stable with 57% being extremely affected, according to Wave 16 of the IRI Buyer Sentiment Survey Series. Thirty percent of shoppers say their financial situation is worse than they were last year, and 25% said they buy high-value items to save money, up from 20% at the end of May. In addition, 65% of consumers expect the economic crisis to last at least 12 months longer – the highest percentage of all survey waves and almost double that of the 37% who expected what it takes the economy a year to recover in March.

Uncertainty over the extension of unemployment benefits may also have weighed on the numbers this week, Roerink said.

“Economic pressure tends to have a big impact on grocery shopping, including the choice of channels, the type of items and quantity purchased, the importance of price and promotions, and so on. Much like the last week of June, the last days of July through early August produced a weaker performance. While sales of consumer staples and fresh produce continued to advance from last year, virtually every department in the store posted lower gains than seen in recent weeks. “

Interested in more coverage and ideas? Receive a free month of Agri-Pulse West.

Jonna Parker, team leader, Fresh for IRI, says she expects the coming weeks to be “very revealing” for what the rest of the year has in store on demand.

“Back to school is fast approaching in several states, and our weekly survey found that half of parents of children between the ages of six and twelve now expect their children to participate in a virtual education (50%) , with an additional 15%. while waiting for a virtual and in-person coeducational education. Only 19% of parents expect their youngest children to return face to face, ”Parker explained. “Parents of teens expect 24% to return in person, 42% expect virtual education only, and 19% expect a mixed virtual and in-person system. This will once again completely change the trend from year to year as many other meal opportunities for these students will stay at home. “

For more news, visit: www.Agri-Pulse.com

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Guess & Co. Corporation Expands Covid-19 Solutions to

MIAMI, Nov 05, 2020 (GLOBE NEWSWIRE) – As many small businesses continue to struggle with a slower recovery, Guess & Co. Corporation has announced an extension of its Covid-19 solutions to include financing. Guess & Co. Corporation’s Covid-19 financing solutions are ideal for small businesses that generate at least $ 1 million in annual revenue and have been in business for at least 12 months, such as builders, general contractors, sub -treaters, doctor’s offices, dental offices, restaurants, hotels, motels, retailers, manufacturers, salons, transportation services, trucking companies, car dealers, farmers, child care providers, practices lawyers, accounting firms, consulting firms, franchises and many more. Guess & Co. Corporation has established a set of trusted lending partners with the ability to lend over $ 50,000,000 immediately, and as a broker, the company works with these lending partners to immediately obtain financing for its clients. . Loans range from $ 100,000 to $ 2,500,000 for unsecured business financing. The typical loan amount will be the equivalent of 7-10% of a business’s gross annual income. For example, a business generating $ 1,250,000 in annual revenue will generally qualify for an unsecured business loan of $ 125,000. Most loans have terms of 6 to 12 months and require daily or weekly payments. Loans are similar to a business credit card and interest rates can be as high as 6% per month depending on the history of the business. Businesses are licensed even if they have outstanding bank loans. Guess & Co. Corporation has a 99.9% approval rating for its clients. Approvals are generally guaranteed within one business day and loans are funded the day after verification. Customers benefit from a simple, hassle-free process that requires them to submit standard documents such as bank statements and tax returns via email with a two-page request. Unsecured funding can be used for working capital to cover payroll, buy inventory, etc. Unlike the federal government’s Paycheck Protection Program (PPP), the loans provided by the lending partners of Guess & Co. Corporation have no restrictions, the funds can be used for any business purpose.

In addition to unsecured commercial finance, Guess & Co. Corporation offers commercial real estate finance, including refinancing / cashing out owner-occupied commercial properties. Commercial real estate finance loans range from $ 100,000 to $ 40 million. Equipment financing is offered from $ 100,000 to $ 100 million. Accounts receivable funding is available from $ 1 million to $ 10 million. Guess & Co. Corporation also provides specialist financing for high-end diamond dealers and jewelers, ranging from $ 1 million to $ 100 million, which can be provided within days through its lending partners. For clients with art collections, Guess & Co. Corporation will also provide art funding through a trusted lending partner and funding is available up to $ 250 million.

Guess & Co. Corporation provides a “white glove” level service to help clients obtain financing. Senior management oversees a team that works closely with the client to identify the best financing scenario and the client is kept informed. Customers are encouraged to borrow sensibly and responsibly, and the team at Guess & Co. Corporation works with customers to put together a workable repayment plan. Customers are also introduced to other products and services provided by Guess & Co. Corporation which will help them grow their business both in terms of revenue and profitability. “We were tired of reading about businesses that were going bankrupt and we decided to put in place a set of programs to do something and help businesses survive and thrive in these uncertain times,” said Jerry D. Guess, Founder, President and CEO of Guess & Co. Corporation. The company has invested more than $ 250,000 in community outreach efforts to educate businesses on available solutions. More recently, Guess & Co. Corporation has broadcast 60-second radio commercials in select markets across the United States to advertise funding programs available to it through its lending partners. The company has also launched a social media campaign, “No Stimulus, No Problem”. “Our company is trying to let all the businesses know that we are ready to help them, we are really a phone call away and they are a phone call away from having capital when they could really use it. most. Said Michelle Stewart, vice president, president, chief operating officer and chief financial officer of Guess & Co. Corporation. The company’s senior management team also includes Mandy L. Hall, who is Senior Executive Vice President, Chief Executive Officer and Global Managing Director. Ms. Hall is responsible for overseeing client relationships and overseeing the client relations teams who work directly with the company’s clients.

About Guess & Co. Corporation

Guess & Co. Corporation is an emerging global stewardship solutions company with four main business units: energy, healthcare, technology and real estate. The company has more than ten secondary businesses, including commercial loan brokerage, compliance, intelligence, security, commodities, asset management and others. We work in partnership with communities, businesses and governments to improve the well-being of people. Guess & Co. Corporation is a registered contractor with the US government to provide solutions to federal government agencies and members of our company have active top-secret / SCI authorizations. We are based in Miami, Florida with offices in Overland Park, Kansas and Cary, North Carolina. Guess & Co. Corporation was founded in August 2017. The management team of Guess & Co. Corporation has over 50 years of combined experience.

The photos accompanying this announcement are available on:

https://www.globenewswire.com/NewsRoom/AttachmentNg/c8a0e310-7671-4a35-8393-6b4420066ed8

https://www.globenewswire.com/NewsRoom/AttachmentNg/7aab76e9-d0cc-4eec-abb9-befaa94f59a8

https://www.globenewswire.com/NewsRoom/AttachmentNg/02a78cf2-71c9-42f6-9201-c820b762450f

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/42d0d88f-0fec-4755-bf36-949f3720915d


        
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Jumbo mortgages disappear as lenders reduce risk

The jumbo loan market is shrinking as some mortgage lenders face a cash shortage. It’s the perfect storm for lenders as millions of homeowners are asking for forbearances after losing their jobs due to coronavirus shutdowns and investors buying lots of jumbo mortgages have left the market.

Jumbo loans are mortgages for expensive homes that exceed limits set by government agencies that back a large portion of home loans issued by US lenders. The maximum for a compliant loan is $ 510,400 in most counties, as set by the Federal Housing Finance Agency.

The demand for jumbo mortgages has dried up as investors turn to mortgage bonds for government guaranteed loans where “they are guaranteed to receive payments even though a large number of borrowers are forbearing,” explains Greg McBride, CFA, Chief Financial Analyst of Bankrate.

“Most mortgages are made by lenders who then sell them to someone else,” he says. “If there is no willing buyer, lenders will stop closing loans so they don’t get stuck holding the bag.”

Mortgage companies such as Wells Fargo have halted purchasing jumbo loans from other lenders, but not “direct-to-consumer deals through their retail mortgage channel,” said Tom Goyda, senior vice president consumer loan communications at Wells Fargo. Bankrate on Thursday.

“Due to unprecedented market conditions, Wells Fargo Home Lending is temporarily suspending the purchase of non-conforming mortgages from corresponding sellers, effective immediately and until business conditions stabilize,” he said. stated in an e-mail press release. “This difficult business decision reflects efforts to prioritize how we serve customers and maintain prudent fiscal discipline. “

However, some major lenders still offer jumbo loans to consumers. Citi spokeswoman Maggie Monaghan told Bankrate on Thursday that the bank still offers jumbo loans.

Forbearance programs creating crisis for mortgage agents

The CARES Act passed by Congress in March gave homeowners on federally guaranteed loans two types of temporary relief. A stay prevents lenders from starting the foreclosure process only on federally guaranteed loans for 60 days from March 18.

The other stay allows homeowners to ask for 180 days of mortgage forbearance and the option to request an additional six months if they are still having difficulty.

The companies that manage the mortgages, however, must continue to make payments to investors during the forbearance period, which can lead to a liquidity crisis for lenders without sufficient reserves to cover the shortage. Only compliant loans guaranteed by Fannie Mae and Freddie Mac, which back the majority of US mortgages, are protected against loss if homeowners don’t pay.

Jumbo loans, known as non-conforming loans, range from over $ 510,400 to $ 765,600 in more expensive metropolitan areas such as New York, California, and Washington. These loans are riskier because they are unsecured by Fannie and Freddie, so if a homeowner is unable to pay, the lender faces a larger loss.

Demand for jumbos has “dried up” from investors seeking mortgages guaranteed by Freddie, Fannie and Ginnie Mae. Mortgages guaranteed by these agencies will receive regular monthly cash flows even if borrowers are forborne, McBride says.

“While this is not a permanent condition, it is also not an overnight fix,” he says. “The wider spreads on jumbo mortgages versus conventional loans that began during the financial crisis lasted for most of the next five years. “

The drop in available jumbo loans will also impact homebuyers looking for 30-year mortgages and refinancing, he says.

What potential prospective borrowers can do

Uncertainty about the future of the economy, jobs and the impact of this downturn on the value of house prices is leading to the closure of the jumbo loan market, said Matt Hackett, chief operating officer of ‘Equity Now, a New York-based direct mortgage lender for loans in New York and four other states.

“Jumbo market investors are certainly concerned about possible mandatory payment holidays,” he says.

Homebuyers and homeowners who haven’t closed their jumbo mortgage could face delays and other setbacks. Those looking for a jumbo loan will need to cast a wider net to find a lender willing to guarantee the loan.

“Check with your lender to make sure your rate is locked in and you’re ready for closing. You don’t want to stand at the altar, ”says McBride.

The mortgage broker community has seen a wave of previously approved loans turned down due to newly added lender overlays, said Richard Liu, mortgage consultant for C2 Financial Corp., a San Diego-based mortgage brokerage. Overlays are additional criteria in addition to conventional and government lending guidelines.

“Images of the financial crisis come to mind when lending in the environment we find ourselves in now,” he says. “For the sake of preservation, no lender is willing to take the risk of not being able to sell a loan to a Mortgage Backed Securities (MBS) investor.

Those looking to buy or sell their home right now should expect a slower market due to the current uncertain economic headwinds.

“Contrary to what some media reports, rate quotes should be taken lightly because volatility in the secondary market is unlike anything we’ve ever seen,” Liu said. “If a homeowner is looking to buy or refinance, always use a trusted mortgage broker. “

In addition to consolidating a larger down payment to reduce the mortgage amount, homeowners who live in cities where a jumbo loan is the norm have limited options, says Bruce McClary, spokesperson for the National Foundation for Credit Counseling , in Washington, DC -based nonprofit organization.

“There is nothing quite like a jumbo loan,” he says.

Learn more:

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New York steakhouse uses celebrity wax figures to promote easing indoor dining restrictions

It’s a promotion that could be straight out of Don Draper’s “Mad Men” playbook.

Brooklyn’s famed Peter Luger Steak House has partnered with Madame Tussauds to bring celebrity wax figures to mingle with patrons, promoting the easing of the coronavirus pandemic restrictions on dining in New York City.

A Jon Hamm wax – known for his portrayal of publicity director Draper on the hit TV series – could be found at the restaurant bar on Friday with a cocktail in hand. Other characters on loan from Madame Tussauds include Michael Strahan, Jimmy Fallon, Al Roker and Audrey Hepburn in Holly Golightly from “Breakfast at Tiffany’s” mode.

Peter Luger “thought it would be a fun and safe way to fill some of the seats that need to be left empty as we continue to fight the pandemic,” restaurant vice president Daniel Turtel said.

Restaurants in the city were allowed to fill 35% of their seats indoors on Friday, up from 25% previously.

Peter Luger, in business for over 130 years, will keep the models until Monday. After that, they will return to the recently reopened Madame Tussauds in midtown Manhattan.

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How to bet on the Super Bowl

We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money.

Super Bowl LV was perhaps the biggest event in American sports history in one category: legal sports betting.

This year, no less than 23 million Americans have bet on the Kansas City Chiefs or the Tampa Bay Buccaneers, according to the American Gaming Association. Bets on underdogs and eventual Buccaneers winners or defending champions, Chiefs – and many other aspects of the game – have exceeded the staggering sum of $ 4 billion.

But being able to legally bet on sports is a relatively new development in most of the United States, where sports betting was only legal in Nevada until 2018.

It was then that the United States Supreme Court declared unconstitutional a federal law – the Professional and Amateur Sports Protection Act, or PASPA, of 1992 – that restricted regulated sports betting in Nevada. It’s now legal in 20 states, and many more are pushing to legalize it.

The growth of legal sports betting has been “extraordinary” since then, a ESPN story mentionned.

“In 2019, over $ 13 billion was legally wagered,” said Casey Clark, senior vice president of strategic communications at the American Gaming Association. “When all the numbers are counted for 2020, that number will exceed $ 21 billion. ”

The sports betting capital of the United States is no longer Nevada: This is New Jersey where people have placed $ 6 billion in bets last year compared to $ 4.3 billion in Nevada, according to sports betting expert Darren Rovell.

With people confined to homes due to the pandemic, 80% of games nationwide are played on mobile devices, Clark says.

“Almost all Americans will have a casino in their back pocket at all times,” says Marc Edelman, a sports law expert who teaches at the Zicklin School of Business at Baruch College, New York. It’s reasonable to expect a majority of states to legalize online sports betting within the next five years, Edelman says.

Pro tip

If you want to bet on big game, experts recommend that you only bet what you are looking to lose and treat it as entertainment only.

With the increasing ease of legally betting on sports, you might be asking yourself: should I participate?

There are people who chose their bets correctly and made millions, Edelman says, but they are rare. “For most people, betting is meant to be an entertainment activity rather than an investment,” he says.

In fact, if you think you have what it takes because you’re a huge sports fan, you might want to think twice: Sports betting is a game for number geeks. According to Edelman, those who have traditionally been most successful are those with strong mathematical skills and who can envision complex analyzes.

For these enthusiasts, there are two main players in the sports betting industry, websites FanDuel and DraftKings. They dominate the market in states that have what is called “full online sports betting with multiple options” – Colorado, Iowa, Illinois, Indiana, Michigan, New Jersey, Pennsylvania, Tennessee, Virginia and West Virginia, according to the sports betting information and analysis site Action Network.

In most states today, sports betting is still illegal. The others fall into three groups. In one, as in New York, sports betting is legalized in a small number of physical casinos. In another group, such as Tennessee, online sports betting is allowed, although sports betting in casinos is not. In the fourth group, like New Jersey and Pennsylvania, sports betting in casinos and online is legalized and regulated.

Wherever you are, however, sports betting remains betting, with all its risks. You shouldn’t bet more than you can afford to lose.

Clark notes that his organization developed a PSA earlier this year, Have a game plan, for punters to educate themselves on how to bet responsibly. They can also use a interactive map for more information on the types of sports betting legal in their country.

For people who want to bet on sports, Edelman suggests wagering a small amount of money, and doing it only for entertainment: “Don’t put yourself in the kind of position. [where] losing will take a toll on your daily life, ”he says.

You should stick with a licensed bookmaker like Points bet, as well as FanDuel or DraftKings, advises Edelman. This will ensure that your potential winnings are paid to you and minimize the risk of identity fraud.

If you prefer to bet in person, “make sure you do it in a fun and social way with people you know and trust,” he says. (In addition to respecting social distancing and any COVID-19 guidelines from local authorities, of course.)

Super Bowl or not, sports betting can be a fun way to make some extra cash if it’s safe to do so, but we certainly don’t recommend participating as a short or long term financial strategy. If you are looking to grow the money in your bank account in a low risk way, you had better put it in a high yield savings account and, when the next Super Bowl rolls around, enjoy it like most Americans: focus on the commercials, not the bets you may have made.

If you or someone you love needs help with a gambling problem, the National Council on Problem Gambling offers a phone or text help line at 1-800-522-4700, as well as support. by chat to ncpgambling.org/chat.

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PPP Loan Changes Should Open Doors For Smaller Businesses

Business owners and independent contractors are expected to have increased access to repayable pandemic loans under upcoming rule changes announced on Monday.

Currently, entrepreneurs, sole proprietors and the self-employed must calculate their paycheck protection program loans. using their bottom line, which reduces the amount to which they are entitled.

The Small Business Administration will soon release an interim final rule allowing these people, whose entities make up the vast majority of U.S. businesses, to instead use their gross income to calculate their loans, a White House official told Monday. Bloomberg Tax. Earlier, the White House announced several adjustments to the paycheck protection program intended to extend the reach the loan program, which offers government guaranteed loans that can be canceled.

The SBA will provide details throughout this week and implement the change by the first week of March, the official said in an email. The planned rule change, which would allow affected businesses to qualify for larger loans, follows a recent request dozens of small business and business organizations.

“It only makes sense,” said Keith Hall, president and CEO of the National Association for the Self-Employed.

So far into the pandemic, Hall noted, “By definition, the net income of these companies is going to be worse. “

Another chance

A December relief law changed the loan program to allow small farmers and ranchers to apply using gross income, but left out businesses without employers. The PPP reopened with new funding in january and nearly 2 million loans had been approved this round, as of Sunday.

Employer-less companies with a net loss have been “excluded from the program” so far, according to Michael Greenwald, a partner at Friedman LLP in New York. The rule change “will certainly allow them to try to survive the economic uncertainty a little longer,” he said.

The change would be a game-changer for minority-owned business owners, said Dafina Williams, senior vice president of Opportunity Finance Network, an association of financial institutions catering to underserved areas and businesses.

Minority business owners tend to be sole proprietors or independent contractors, and under the rules of origin, they would have qualified for loans as small as $ 50 to $ 100, Williams said.

While advocacy groups have welcomed the Biden administration’s announcement, they have indicated they will push for further changes to the PPP. A few groups, such as the Main Street Alliance and the National Association for the Self-Employed, said they plan to pressure lawmakers to have the change retroactive for people who have already applied for loans.

“We call on Congress to act just as quickly to make the adjustment retroactive, so that businesses that lacked the level of relief they previously needed can survive this perilous time and thrive as we move forward,” Ashley Harrington, Federal Director of Advocacy and Senior. the attorney for the Center for Responsible Lending said in a statement.

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