Former Trump Treasury Secretary Steven Mnuchin has expressed strong interest in acquiring TikTok’s U.S. operations from its Chinese parent company.
A new federal law mandates that ByteDance, the Chinese parent company of TikTok, divest its stake in the popular video app within a year or face a ban in the U.S. However, even if ByteDance agrees to sell, it will unlikely part with its core recommendation algorithm, the critical technology behind TikTok’s success. It attracts over 170 million monthly users in the U.S. Additionally, any potential deal would require approval from the Chinese government.
In an interview with Bloomberg, Mnuchin stated that he had been in discussions with various tech companies about the possibility of reconstructing this technology under U.S. leadership. He said the social media app’s vital video recommendation technology could be replicated.
Mnuchin acknowledged the Chinese government’s stance on not granting...
A new federal law mandates that ByteDance, the Chinese parent company of TikTok, divest its stake in the popular video app within a year or face a ban in the U.S. However, even if ByteDance agrees to sell, it will unlikely part with its core recommendation algorithm, the critical technology behind TikTok’s success. It attracts over 170 million monthly users in the U.S. Additionally, any potential deal would require approval from the Chinese government.
In an interview with Bloomberg, Mnuchin stated that he had been in discussions with various tech companies about the possibility of reconstructing this technology under U.S. leadership. He said the social media app’s vital video recommendation technology could be replicated.
Mnuchin acknowledged the Chinese government’s stance on not granting...
- 5/12/2024
- by Baila Eve Zisman
- Uinterview
On his Netflix series “Patriot Act,” Hasan Minhaj once laid in to TurboTax. Now he’s teamed with Sen. Elizabeth Warren to promote an alternative filing option for taxpayers as the April 15 deadline approaches.
Last month, the IRS and Treasury Department partnered on the launch the Direct File Pilot Program, which provides an option for taxpayers in 12 states to file basic income tax returns directly with the IRS rather than through an alternative online service. The program is being tested in a dozen states this year with the goal of rolling it out nationally next year. About 19 million taxpayers have the option of using the pilot program this year.
Warren (D-Mass.) posted a video collaboration with Minhaj April 9 on X, formerly known as Twitter, to promote the new option for people who don’t file complicated itemized returns.
https://t.co/VdgQDLEDTm
Thank you, Hasan Minhaj, for spreading the word!
Last month, the IRS and Treasury Department partnered on the launch the Direct File Pilot Program, which provides an option for taxpayers in 12 states to file basic income tax returns directly with the IRS rather than through an alternative online service. The program is being tested in a dozen states this year with the goal of rolling it out nationally next year. About 19 million taxpayers have the option of using the pilot program this year.
Warren (D-Mass.) posted a video collaboration with Minhaj April 9 on X, formerly known as Twitter, to promote the new option for people who don’t file complicated itemized returns.
https://t.co/VdgQDLEDTm
Thank you, Hasan Minhaj, for spreading the word!
- 4/10/2024
- by Selena Kuznikov
- Variety Film + TV
Former Trump Administration Treasury Secretary Steven Mnuchin has a plan to buy TikTok.
Due to security concerns, the popular social media platform owned by Chinese company ByteDance faces a U.S. ban. Earlier this month, the House of Representatives voted overwhelmingly for a bill that would force the sale of TikTok in the U.S. The bill is now waiting for action by the Senate, and President Joe Biden says he will sign the bill if it reaches his desk.
Two obstacles stand in the way of TikTok being bought by a U.S. company: its $100 billion value and China’s refusal to allow the sale of the company and its algorithm, the backbone of TikTok.
However, Mnuchin claims he can overcome those two issues by offering to purchase TikTok without its export-blocked code. Without the code, TikTok would need to be completely rebuilt and redesigned under his ownership.
Its...
Due to security concerns, the popular social media platform owned by Chinese company ByteDance faces a U.S. ban. Earlier this month, the House of Representatives voted overwhelmingly for a bill that would force the sale of TikTok in the U.S. The bill is now waiting for action by the Senate, and President Joe Biden says he will sign the bill if it reaches his desk.
Two obstacles stand in the way of TikTok being bought by a U.S. company: its $100 billion value and China’s refusal to allow the sale of the company and its algorithm, the backbone of TikTok.
However, Mnuchin claims he can overcome those two issues by offering to purchase TikTok without its export-blocked code. Without the code, TikTok would need to be completely rebuilt and redesigned under his ownership.
Its...
- 4/2/2024
- by Ann Hoang
- Uinterview
In Irish Wish, a new Netflix rom-com, a bride-to-be is dumped by her lover on wedding day — but, with steely determination, she quickly closes in on a handsome replacement. Consistent with rom-com protocol, her “Irish wish” is realized.
Going back to When Harry Met Sally…, there’s always been something cozy and likable about the rom-com genre. No Hard Feelings starring Jennifer Lawrence did well last year as a feature and now is up for a sequel.
And Anyone but You has surprised rom-com experts. Its numbers are impressive – 2.8 billion hashtag views on TikTok and a worldwide box office that has surpassed $200 million. The data reminds some of a throwback to the Bridget Jones cycle.
To be sure, rom-coms have become formulaic, especially the Netflix model. But a case could be made that they now emerge as a positive social resource now.
“The Gen Z-ers need prods of positivity,” observes one psychologist.
Going back to When Harry Met Sally…, there’s always been something cozy and likable about the rom-com genre. No Hard Feelings starring Jennifer Lawrence did well last year as a feature and now is up for a sequel.
And Anyone but You has surprised rom-com experts. Its numbers are impressive – 2.8 billion hashtag views on TikTok and a worldwide box office that has surpassed $200 million. The data reminds some of a throwback to the Bridget Jones cycle.
To be sure, rom-coms have become formulaic, especially the Netflix model. But a case could be made that they now emerge as a positive social resource now.
“The Gen Z-ers need prods of positivity,” observes one psychologist.
- 3/21/2024
- by Peter Bart
- Deadline Film + TV
President Joe Biden, appearing at one of DC’s oldest traditions, the Gridiron Dinner, made some sharp quips about Donald Trump but then turned serious about the threat that his rival poses to democracy.
Biden directed his barbs at his own age and at his predecessor.
“One candidate’s too old and mentally unfit to be president,” Biden said. “The other guy’s me.”
The dinner tradition, which dates to the 19th century, is a white-tie night that routinely draws the top echelons of government, media and business to watch journalists perform musical skits and politicians, also including Michigan Governor Gretchen Whitmer and Utah Governor Spencer Cox, do some of their own standup.
Biden noted that his student debt relief program “doesn’t apply to everyone. Just yesterday, a defeated-looking man came up and said, “I’m being crushed by debt. I’m completely wiped out.” I said, ‘Sorry, Donald I can’t help out.
Biden directed his barbs at his own age and at his predecessor.
“One candidate’s too old and mentally unfit to be president,” Biden said. “The other guy’s me.”
The dinner tradition, which dates to the 19th century, is a white-tie night that routinely draws the top echelons of government, media and business to watch journalists perform musical skits and politicians, also including Michigan Governor Gretchen Whitmer and Utah Governor Spencer Cox, do some of their own standup.
Biden noted that his student debt relief program “doesn’t apply to everyone. Just yesterday, a defeated-looking man came up and said, “I’m being crushed by debt. I’m completely wiped out.” I said, ‘Sorry, Donald I can’t help out.
- 3/17/2024
- by Ted Johnson
- Deadline Film + TV
“The Tonight Show” host Jimmy Fallon joked that the murderer of former president Abraham Lincoln, John Wilkes Booth, would have a lot to say about Donald Trump’s recent claim that he’s been treated the worst compared to other past commanders-in-chief.
After joking about TikTok’s potential ban and former treasury secretary Steven Mnuchin putting together an investor group to buy the Chinese-owned social media app, Fallon threw a comedic jab about Trump into Thursday’s monologue.
“In a new interview, former president Donald Trump complained about how he’s been treated compared to other presidents,” Fallon explained. “Nobody’s been treated like Trump in terms of badly, and Trump should be treated in terms of goodly. He said no president’s been treated worse. Even John Wilkes Booth is like, ‘Hold on, come on. Come on.'”
Booth, an American stage actor assassinated Lincoln at Ford’s Theater in Washington,...
After joking about TikTok’s potential ban and former treasury secretary Steven Mnuchin putting together an investor group to buy the Chinese-owned social media app, Fallon threw a comedic jab about Trump into Thursday’s monologue.
“In a new interview, former president Donald Trump complained about how he’s been treated compared to other presidents,” Fallon explained. “Nobody’s been treated like Trump in terms of badly, and Trump should be treated in terms of goodly. He said no president’s been treated worse. Even John Wilkes Booth is like, ‘Hold on, come on. Come on.'”
Booth, an American stage actor assassinated Lincoln at Ford’s Theater in Washington,...
- 3/15/2024
- by Raquel 'Rocky' Harris
- The Wrap
Steve Mnuchin. (Public domain photo)
Former U.S. Treasury Secretary Steven Mnuchin says he is working with a group of investors who are interested in acquiring social video platform TikTok from its China-based parent company.
The affirmation, made during a television interview on Thursday, comes one day after federal lawmakers in the U.S. House of Representatives passed a measure that would ban TikTok from being distributed in major app stores unless ByteDance divests its U.S.-based business to a domestic third party.
The measure is now headed to the U.S. Senate, where it is uncertain if it will pass. However, the proposal has broad support on both sides of the political aisle, and President Joseph Biden has signaled his intention to sign the bill into law if it comes across his desk.
“I think the legislation should pass, and I think it should be sold,” Mnuchin said...
Former U.S. Treasury Secretary Steven Mnuchin says he is working with a group of investors who are interested in acquiring social video platform TikTok from its China-based parent company.
The affirmation, made during a television interview on Thursday, comes one day after federal lawmakers in the U.S. House of Representatives passed a measure that would ban TikTok from being distributed in major app stores unless ByteDance divests its U.S.-based business to a domestic third party.
The measure is now headed to the U.S. Senate, where it is uncertain if it will pass. However, the proposal has broad support on both sides of the political aisle, and President Joseph Biden has signaled his intention to sign the bill into law if it comes across his desk.
“I think the legislation should pass, and I think it should be sold,” Mnuchin said...
- 3/14/2024
- by Matthew Keys
- The Desk
Steven Mnuchin, the former treasury secretary and film financier, says that he’s getting an investor group together to try to buy TikTok.
His comments to CNBC follow the House of Representatives’ overwhelming passage of a bill that would force TikTok’s Chinese parent company, ByteDance, to sell the popular app or face a ban on distribution in the United States.
“I think it should be sold. I understand the technology. It’s a great business, and I’m going to put together a group to buy TikTok,” Mnuchin told CNBC’s Squawk Box today. He did not indicate which investors would be involved in an effort to buy the app, but he said that “it would be a combination of investors. It would be no one investor that controlled this.”
The bill cleared the House on Wednesday 352-65, drawing rare bipartisan support from leaders and rank and file members of both parties.
His comments to CNBC follow the House of Representatives’ overwhelming passage of a bill that would force TikTok’s Chinese parent company, ByteDance, to sell the popular app or face a ban on distribution in the United States.
“I think it should be sold. I understand the technology. It’s a great business, and I’m going to put together a group to buy TikTok,” Mnuchin told CNBC’s Squawk Box today. He did not indicate which investors would be involved in an effort to buy the app, but he said that “it would be a combination of investors. It would be no one investor that controlled this.”
The bill cleared the House on Wednesday 352-65, drawing rare bipartisan support from leaders and rank and file members of both parties.
- 3/14/2024
- by Ted Johnson
- Deadline Film + TV
Former President Donald Trump said that he hoped a financial crash would occur this year, as he believed it would give him a chance to win a second term as president.
“When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover. The one president – I just don’t want to be Herbert Hoover,” Trump told conservative commentator Lou Dobbs in an interview on the right-wing platform Lindell TV.
Hoover was president during the Wall Street Crash of 1929 and the beginning of the Great Depression.
President Joe Biden‘s reelection campaign slammed Trump for harming the middle class for his political benefit.
“Donald Trump should just say he doesn’t give a d— about people, because that’s exactly what he’s telling the American people when he says he hopes the economy crashes,” Biden campaign...
“When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover. The one president – I just don’t want to be Herbert Hoover,” Trump told conservative commentator Lou Dobbs in an interview on the right-wing platform Lindell TV.
Hoover was president during the Wall Street Crash of 1929 and the beginning of the Great Depression.
President Joe Biden‘s reelection campaign slammed Trump for harming the middle class for his political benefit.
“Donald Trump should just say he doesn’t give a d— about people, because that’s exactly what he’s telling the American people when he says he hopes the economy crashes,” Biden campaign...
- 1/11/2024
- by Alessio Atria
- Uinterview
After all that, Sam Altman has returned to OpenAI as the company’s CEO after being fired last Friday.
The artificial intelligence firm behind ChatGPT announced on X that it had an “agreement in principle” to reinstate Altman late Tuesday night, Nov. 21, on X (formerly known as Twitter). OpenAI president Greg Brockman, who quit in solidarity with Altman when he was fired last week, also confirmed he was returning to the company as well.
Altman marked the news first with a retweet containing a couple of hearts and a saluting emojis.
The artificial intelligence firm behind ChatGPT announced on X that it had an “agreement in principle” to reinstate Altman late Tuesday night, Nov. 21, on X (formerly known as Twitter). OpenAI president Greg Brockman, who quit in solidarity with Altman when he was fired last week, also confirmed he was returning to the company as well.
Altman marked the news first with a retweet containing a couple of hearts and a saluting emojis.
- 11/22/2023
- by Jon Blistein
- Rollingstone.com
With the birth of her daughter on Tuesday, Louise Linton has premiered the first part of what she calls her “double feature.”
“I’m just really delighted,” says the Scottish actress (Cabin Fever), who is married to producer and former Trump administration treasury secretary Steve Mnuchin. The news comes just over a month before the Dec. 12 release of her ribald rom-com Chick Flick, which she wrote, directed, produced and stars in as a bride who leaves her cheating groom at the altar before “diving into the chaos of online dating and then having [her] misadventures go viral,” as she describes the plot of the film, which also stars Sam Page (Grey’s Anatomy, Mad Men).
“It’s kind of a rom-com in the vein of things like Bride Wars, 27 Dresses, Bridesmaids,” adds Linton, who FaceTimed from Austin. “It’s a little bit vulgar, which I also find really funny because I’m British,...
“I’m just really delighted,” says the Scottish actress (Cabin Fever), who is married to producer and former Trump administration treasury secretary Steve Mnuchin. The news comes just over a month before the Dec. 12 release of her ribald rom-com Chick Flick, which she wrote, directed, produced and stars in as a bride who leaves her cheating groom at the altar before “diving into the chaos of online dating and then having [her] misadventures go viral,” as she describes the plot of the film, which also stars Sam Page (Grey’s Anatomy, Mad Men).
“It’s kind of a rom-com in the vein of things like Bride Wars, 27 Dresses, Bridesmaids,” adds Linton, who FaceTimed from Austin. “It’s a little bit vulgar, which I also find really funny because I’m British,...
- 11/8/2023
- by Julian Sancton
- The Hollywood Reporter - Movie News
Starz is restructuring ahead of its planned separation from Lionsgate early next year.
The streaming service and premium cable channel will cut 10 percent of its staff, and exit its business in the U.K. The changes were announced by Starz CEO Jeffrey Hirsch on Friday.
“As difficult as it is, with many of our employees being impacted, we are making these changes to align our organization with the growth areas of the business and to prepare us for our next chapter as a standalone company,” Hirsch wrote in a memo. “As I have said many times before, I believe that we have the best team in the business and appreciate the contribution of each employee, which makes these organizational changes even more difficult.”
Lionsgate first announced its plans to spin out Starz last year, splitting the company in two, with its film and TV studio in one company, and the...
The streaming service and premium cable channel will cut 10 percent of its staff, and exit its business in the U.K. The changes were announced by Starz CEO Jeffrey Hirsch on Friday.
“As difficult as it is, with many of our employees being impacted, we are making these changes to align our organization with the growth areas of the business and to prepare us for our next chapter as a standalone company,” Hirsch wrote in a memo. “As I have said many times before, I believe that we have the best team in the business and appreciate the contribution of each employee, which makes these organizational changes even more difficult.”
Lionsgate first announced its plans to spin out Starz last year, splitting the company in two, with its film and TV studio in one company, and the...
- 11/3/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Liberty Strategic Capital, a private equity fund led by former Secretary of the Treasury Steven Mnuchin, has acquired a hefty 5.5% stake in Lionsgate Class A voting shares at a strategically sensitive moment for the company as it prepares to close a $500 million acquisition of eOne and plans to split up its studio and streaming businesses.
The $30 million investment works out to a 1.7% overall stake in Lionsgate, including its Class B, or non-voting, shares. The company has a market cap of about $1.79 billion.
Lionsgate declined to comment on the news, revealed in an SEC filling this afternoon, that Liberty 77 Fund (a buyout fund operating by Liberty Strategic Capital) purchased 4,594,863 shares of Lionsgate in several dozen transactions between Aug. 10 and Aug. 30 at a price ranging from just over $7 a share to $7.46.77
The filng hints that the long-gestating separation of Lionsgate and Starz, which the company said last month it expects to complete...
The $30 million investment works out to a 1.7% overall stake in Lionsgate, including its Class B, or non-voting, shares. The company has a market cap of about $1.79 billion.
Lionsgate declined to comment on the news, revealed in an SEC filling this afternoon, that Liberty 77 Fund (a buyout fund operating by Liberty Strategic Capital) purchased 4,594,863 shares of Lionsgate in several dozen transactions between Aug. 10 and Aug. 30 at a price ranging from just over $7 a share to $7.46.77
The filng hints that the long-gestating separation of Lionsgate and Starz, which the company said last month it expects to complete...
- 9/5/2023
- by Jill Goldsmith
- Deadline Film + TV
Former Treasury Secretary Steven Mnuchin appears to be pursuing a return to the film business.
In a securities filing Tuesday, a fund controlled by Mnuchin disclosed a 5.5 percent stake in Lions Gate Entertainment Corp.’s Class A voting shares. Mnuchin’s fund acquired the stake in the parent company of Lionsgate and Starz on the open market over the past few weeks for about $30.8 million.
A Lionsgate spokesperson declined to comment. A spokesperson for Mnuchin had not responded to a request for comment, as of writing.
According to the SEC filing, Mnuchin appears to have a particular interest in the plan to spin out its studio assets, which is now set for early 2024 given the ongoing Hollywood strikes. The filing specifically mentions a “potential investment by the Reporting Persons in a spin-off of the Issuer’s studio business.”
“Consistent with the Reporting Persons’ investment purposes, they may engage in communications with,...
In a securities filing Tuesday, a fund controlled by Mnuchin disclosed a 5.5 percent stake in Lions Gate Entertainment Corp.’s Class A voting shares. Mnuchin’s fund acquired the stake in the parent company of Lionsgate and Starz on the open market over the past few weeks for about $30.8 million.
A Lionsgate spokesperson declined to comment. A spokesperson for Mnuchin had not responded to a request for comment, as of writing.
According to the SEC filing, Mnuchin appears to have a particular interest in the plan to spin out its studio assets, which is now set for early 2024 given the ongoing Hollywood strikes. The filing specifically mentions a “potential investment by the Reporting Persons in a spin-off of the Issuer’s studio business.”
“Consistent with the Reporting Persons’ investment purposes, they may engage in communications with,...
- 9/5/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Hong Kong, July 4 (Ians) The Chinese government has tightened controls over the exports of two key materials used to make computer chips, ahead of the Beijing trip of US Treasury Secretary Janet Yellen.
China’s Commerce Ministry said it would control exports of eight gallium products and six germanium products from August 1 to protect its national security and interests.
The move, according to the BBC, comes in the wake of Washington’s efforts to curb Chinese access to some advanced microprocessors.
The metals are used in semiconductor, communications and military equipment. They are also key materials in products like solar panels, the report mentioned.
Meanwhile, US semiconductor wafer maker Axt said it would seek permits to keep exporting gallium and germanium substrate products from China.
“We are actively pursuing the necessary permits and are working to minimise any potential disruption to our customers,” said Morris Young, Axt CEO.
According to the South China Morning Post,...
China’s Commerce Ministry said it would control exports of eight gallium products and six germanium products from August 1 to protect its national security and interests.
The move, according to the BBC, comes in the wake of Washington’s efforts to curb Chinese access to some advanced microprocessors.
The metals are used in semiconductor, communications and military equipment. They are also key materials in products like solar panels, the report mentioned.
Meanwhile, US semiconductor wafer maker Axt said it would seek permits to keep exporting gallium and germanium substrate products from China.
“We are actively pursuing the necessary permits and are working to minimise any potential disruption to our customers,” said Morris Young, Axt CEO.
According to the South China Morning Post,...
- 7/4/2023
- by Agency News Desk
- GlamSham
No one can make Rihanna feel like she’s the only girl in the world if there’s no world to live in — and more importantly, the communities suffering the most from the climate crisis don’t deserve to feel as though they’re alone in their fight for change. As part of her support for Global Citizen’s call for action Power Our Planet, the musician and business mogul has called on Treasury Secretary Janet Yellen and World Bank President Ajay Banga to provide tangible support for those communities.
- 6/20/2023
- by Larisha Paul
- Rollingstone.com
Update: The Senate cleared the debt ceiling bill late on Thursday, the final hurdle for the U.S. to avoid default on its debt with a deadline approaching in just a matter of days.
The bill, which passed 63-36, now goes to President Joe Biden. It ends the most precarious standoff over the debt limit since 2011. Forty four Democrats, 17 Republicans and two independents voted in favor; four Democrats, 31 Republicans and one independent voted against.
“Senators from both parties voted to protect our heard-earned economic progress and prevent a first-ever default,” Biden said. “No one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people.”
The president is planning an Oval Office address at 7 p.m. Et on Friday.
Senate leaders issued a statement saying that the legislation would not limit their ability to appropriate emergency funds for the military.
The bill, which passed 63-36, now goes to President Joe Biden. It ends the most precarious standoff over the debt limit since 2011. Forty four Democrats, 17 Republicans and two independents voted in favor; four Democrats, 31 Republicans and one independent voted against.
“Senators from both parties voted to protect our heard-earned economic progress and prevent a first-ever default,” Biden said. “No one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people.”
The president is planning an Oval Office address at 7 p.m. Et on Friday.
Senate leaders issued a statement saying that the legislation would not limit their ability to appropriate emergency funds for the military.
- 6/2/2023
- by Ted Johnson
- Deadline Film + TV
President Franklin Roosevelt, in a moment of fury and exasperation a year before America entered the Second World War, confided in Treasury Secretary Henry Morgenthau Jr. “If I should die tomorrow, I want you to know this,” Fdr said. “I am absolutely convinced Charles Lindbergh is a Nazi.” That is one of many shattering moments in “The U.S. and the Holocaust,” an enthralling, seven-hour PBS docuseries directed by Ken Burns, Lynn Novick and Sarah Botstein.
Sarah Botstein, Lynn Novick and Ken Burns
This is an incredibly knotty, intricate and frustrating part of history, and as directors, you seem to really lean into the maddening quality of it. Is that accurate?
Ken Burns It is very frustrating to watch because you can understand how, retrospectively, the simplistic among us might say, “The Holocaust happened and there must be an American responsible.” So a lot of the blame goes to Fdr when,...
Sarah Botstein, Lynn Novick and Ken Burns
This is an incredibly knotty, intricate and frustrating part of history, and as directors, you seem to really lean into the maddening quality of it. Is that accurate?
Ken Burns It is very frustrating to watch because you can understand how, retrospectively, the simplistic among us might say, “The Holocaust happened and there must be an American responsible.” So a lot of the blame goes to Fdr when,...
- 5/30/2023
- by Joe McGovern
- The Wrap
Update, Sunday, 3:35 p.m. Pt: President Joe Biden said that Democratic critics of the debt ceiling deal “will find I didn’t” make too many concessions with Speaker Kevin McCarthy and House Republicans.
Speaking at the White House, Biden also tried to push back on the notion that he reversed course on his position that the debt ceiling was non-negotiable. He insisted that what they negotiated on proposed budget cuts in order to “get to them to deciding that they are going to go along with a new debt ceiling, meaning it is not attached. … I made a compromise on a budget.”
When a reporter noted that is what Republicans wanted, Biden said, “Can you think of an alternative?”
With the deadline for default looming, there also has been pressure on Biden to invoke the 14th Amendment to circumvent what Democrats have characterized as a form of hostage taking on the part of Republicans.
Speaking at the White House, Biden also tried to push back on the notion that he reversed course on his position that the debt ceiling was non-negotiable. He insisted that what they negotiated on proposed budget cuts in order to “get to them to deciding that they are going to go along with a new debt ceiling, meaning it is not attached. … I made a compromise on a budget.”
When a reporter noted that is what Republicans wanted, Biden said, “Can you think of an alternative?”
With the deadline for default looming, there also has been pressure on Biden to invoke the 14th Amendment to circumvent what Democrats have characterized as a form of hostage taking on the part of Republicans.
- 5/28/2023
- by Ted Johnson
- Deadline Film + TV
Updated with Wed. market activity: U.S. stocks continue to lose ground Wednesday on fears of a debt-ceiling impasse that could lead the nation into recession. At midday, the Dow was down about 250 points.
On Tuesday, it closed down 230 points, reversing earlier gains. Other indexes fell as well, with the S&P 500 dipping by 1.12%, the Nasdaq by 1.26% and the Russell 2000 by 0.43%.
President Joe Biden and House Speaker Kevin McCarthy met late Monday afternoon and called their talk constructive but there was still no sign of a deal to allow the U.S. to continue borrowing to fund its broad range of financial obligations. Republicans continue to ask for wide spending cuts and some other measures for their support in raising the debt ceiling. McCarthy reportedly left a Tuesday meeting telling Republicans the two sides are nowhere near a deal.
It’s getting close to a so-called X-Date – or the moment...
On Tuesday, it closed down 230 points, reversing earlier gains. Other indexes fell as well, with the S&P 500 dipping by 1.12%, the Nasdaq by 1.26% and the Russell 2000 by 0.43%.
President Joe Biden and House Speaker Kevin McCarthy met late Monday afternoon and called their talk constructive but there was still no sign of a deal to allow the U.S. to continue borrowing to fund its broad range of financial obligations. Republicans continue to ask for wide spending cuts and some other measures for their support in raising the debt ceiling. McCarthy reportedly left a Tuesday meeting telling Republicans the two sides are nowhere near a deal.
It’s getting close to a so-called X-Date – or the moment...
- 5/23/2023
- by Jill Goldsmith
- Deadline Film + TV
Missouri Attorney General Andrew Bailey is obstructing an effort to enshrine reproductive rights in the state’s constitution, claiming legalizing abortion could cost the state “as much as $51 billion dollars” — a figure that is roughly equivalent to the state’s entire budget this year. The Republican made the outrageous claim in a letter to Missouri State Auditor Scott Fitzpatrick, the man responsible for estimating the fiscal impact of ballot initiatives.
In Missouri, any citizen can submit a ballot proposal to the secretary of state’s office. The office is tasked...
In Missouri, any citizen can submit a ballot proposal to the secretary of state’s office. The office is tasked...
- 5/9/2023
- by Tessa Stuart
- Rollingstone.com
As the House GOP investigation into the weaponization of government continues to make strides, Democrats are quick to denounce the efforts. However, recent developments suggest that the Republicans may be on to something. House Judiciary Chairman Jim Jordan has written a letter to IRS Commissioner Daniel Werfel and Treasury Secretary Janet Yellen seeking an explanation […]
The post House GOP Investigation Into Government Weaponization Unearths New Evidence of IRS Targeting Journalist appeared first on Shockya.com.
The post House GOP Investigation Into Government Weaponization Unearths New Evidence of IRS Targeting Journalist appeared first on Shockya.com.
- 3/28/2023
- by Grady Owen
- ShockYa
The U.S. Federal Reserve raised interest rates today for the ninth time since last year by an expected 25 basis points, or 0.25%. But Fed chief Jerome Powell indicated slow to no more rate hikes in this latest cycle as a credit crunch following the recent bank crisis may help tame inflation without more Fed action.
That’s mixed news for companies and investors hoping to skirt recession, including media companies looking for an uptick in advertising.
Tamping soaring inflation down to 2% is still very much the Fed’s objective, Powell said during a press conference after the latest interest rate hike, but he said “there may be other ways to get there.”
The Federal Open Market Committee cautioned in its official statement it “will closely monitor incoming information and assess the implications for monetary policy [and] anticipates that some additional policy firming may be appropriate in order to attain a stance...
That’s mixed news for companies and investors hoping to skirt recession, including media companies looking for an uptick in advertising.
Tamping soaring inflation down to 2% is still very much the Fed’s objective, Powell said during a press conference after the latest interest rate hike, but he said “there may be other ways to get there.”
The Federal Open Market Committee cautioned in its official statement it “will closely monitor incoming information and assess the implications for monetary policy [and] anticipates that some additional policy firming may be appropriate in order to attain a stance...
- 3/22/2023
- by Jill Goldsmith
- Deadline Film + TV
New Delhi, March 14 (Ians) US-based technology startup accelerator Y Combinator is laying off 17 employees — or 20 per cent of its staff — as it announced to scale back late-stage funding.
The layoffs came as Y Combinator, which has invested in thousands of startups including at least 200 from India, wrote a petition to US Treasury Secretary Janet Yellen and others in the wake of the Silicon Valley Bank (Svb) collapse, asking them to prevent shockwaves that could lead to financial crisis and layoffs of more than 100,000 workers.
The company, however, said the layoffs were planned before the Svb collapse.
Y Combinator CEO Garry Tan said in a statement that Yc is rightly known for early stage investing.
“In recent years, we have also done some late-stage investing. But late-stage investing turned out to be so different from early-stage investing that we found it to be a distraction from our core mission. So we...
The layoffs came as Y Combinator, which has invested in thousands of startups including at least 200 from India, wrote a petition to US Treasury Secretary Janet Yellen and others in the wake of the Silicon Valley Bank (Svb) collapse, asking them to prevent shockwaves that could lead to financial crisis and layoffs of more than 100,000 workers.
The company, however, said the layoffs were planned before the Svb collapse.
Y Combinator CEO Garry Tan said in a statement that Yc is rightly known for early stage investing.
“In recent years, we have also done some late-stage investing. But late-stage investing turned out to be so different from early-stage investing that we found it to be a distraction from our core mission. So we...
- 3/14/2023
- by News Bureau
- GlamSham
Treasury Secretary Janet Yellen dismissed the possibility of a federal bailout for Silicon Valley Bank after it collapsed last week. “We’re not going to do that again,” she said, referring to the bailouts during the 2008 financial crisis. “But we are concerned about depositors, and we’re focused on trying to meet their needs.”
Asked whether the government might bail out banks as it did during the 2008 crisis, @SecYellen says, “We’re not going to do that again.” But she adds, “We are concerned about depositors and are focused on trying to meet their needs.
Asked whether the government might bail out banks as it did during the 2008 crisis, @SecYellen says, “We’re not going to do that again.” But she adds, “We are concerned about depositors and are focused on trying to meet their needs.
- 3/12/2023
- by Peter Wade
- Rollingstone.com
China has ended its de facto ban on Marvel films after four years.
According to reports, Black Panther: Wakanda Forever and Ant-Man and The Wasp: Quantumania are scheduled for a surprise release in the East Asian nation.
The films will be released in February, after the lunar new year, marking the first Marvel releases in the Chinese market since 2019’s Avengers: Endgame.
In the past, the Chinese film board has never explained why Marvel movies were blocked from screening in the country.
However, the apparent ban began at a time when tensions between the US and China reached a high amid a trade war.
Films such as Black Widow, Spider-Man: No Way Home, Eternals, Shang-Chi and the Legend of the Ten Rings, Doctor Strange in the Multiverse of Madness, and Thor: Love and Thunder have all been denied a release in China.
However, the Marvel films that were released in...
According to reports, Black Panther: Wakanda Forever and Ant-Man and The Wasp: Quantumania are scheduled for a surprise release in the East Asian nation.
The films will be released in February, after the lunar new year, marking the first Marvel releases in the Chinese market since 2019’s Avengers: Endgame.
In the past, the Chinese film board has never explained why Marvel movies were blocked from screening in the country.
However, the apparent ban began at a time when tensions between the US and China reached a high amid a trade war.
Films such as Black Widow, Spider-Man: No Way Home, Eternals, Shang-Chi and the Legend of the Ten Rings, Doctor Strange in the Multiverse of Madness, and Thor: Love and Thunder have all been denied a release in China.
However, the Marvel films that were released in...
- 1/18/2023
- by Peony Hirwani
- The Independent - Film
The week of chaos, confusion, and (literal) infighting that preceded Kevin McCarthy’s election as speaker was a pretty strong indication that the Republican Party’s control of the House of Representatives was going to be a shitshow.
They’ve been in control for a week now. Yes, it’s been a shitshow, but the past few days have also served as a reminder that along with all of the antics comes a laser-like focus on derailing the American government.
Republicans have hit the ground running since McCarthy belatedly took up the gavel last Friday.
They’ve been in control for a week now. Yes, it’s been a shitshow, but the past few days have also served as a reminder that along with all of the antics comes a laser-like focus on derailing the American government.
Republicans have hit the ground running since McCarthy belatedly took up the gavel last Friday.
- 1/12/2023
- by Ryan Bort
- Rollingstone.com
Time has selected Ukrainian President Volodymyr Zelensky “and the spirit of Ukraine” as its Person of the Year.
“This year’s choice was the most clear-cut in memory,” the magazine’s editor-in-chief Edward Felsenthal wrote. “Whether the battle for Ukraine fills one with hope or with fear, Volodymyr Zelensky galvanized the world in a way we haven’t seen in decades.”
“Zelensky has been laser-focused on keeping the world’s eyes on Ukraine,” he wrote. “The former entertainer understood innately that attention is the planet’s most valuable currency and all but cornered the global market. He did this through meticulous image-building and repetition in his message. He was blunt, sometimes sarcastic, and always directly to the point: we must save Ukraine to save democracy.”
Time has selected a Person of the Year since 1927, singling out someone who has influence on the world over the previous 12 months. The shortlist also included Chinese President Xi Jinping,...
“This year’s choice was the most clear-cut in memory,” the magazine’s editor-in-chief Edward Felsenthal wrote. “Whether the battle for Ukraine fills one with hope or with fear, Volodymyr Zelensky galvanized the world in a way we haven’t seen in decades.”
“Zelensky has been laser-focused on keeping the world’s eyes on Ukraine,” he wrote. “The former entertainer understood innately that attention is the planet’s most valuable currency and all but cornered the global market. He did this through meticulous image-building and repetition in his message. He was blunt, sometimes sarcastic, and always directly to the point: we must save Ukraine to save democracy.”
Time has selected a Person of the Year since 1927, singling out someone who has influence on the world over the previous 12 months. The shortlist also included Chinese President Xi Jinping,...
- 12/7/2022
- by Ted Johnson
- Deadline Film + TV
Click here to read the full article.
A couple of years ago, when it was announced that FX was doing an American Crime Story season on Monica Lewinsky, there was a wave of nonsensical concern that if the series came out during the 2020 election cycle, it might have some sort of impact.
If there’s been any similar rending of garments about HBO releasing Year One: A Political Odyssey in the middle of a midterm election cycle, I haven’t heard it. This speaks in part to the dilution of the HBO documentary brand, which used to be one of the industry’s gold standards and now simply seems to encompass whatever nonfiction programming — some still tremendous, it must be said — HBO is releasing at a rate of two or three docs or docuseries per week.
There’s no real buzz around Year One: A Political Odyssey on the eve...
A couple of years ago, when it was announced that FX was doing an American Crime Story season on Monica Lewinsky, there was a wave of nonsensical concern that if the series came out during the 2020 election cycle, it might have some sort of impact.
If there’s been any similar rending of garments about HBO releasing Year One: A Political Odyssey in the middle of a midterm election cycle, I haven’t heard it. This speaks in part to the dilution of the HBO documentary brand, which used to be one of the industry’s gold standards and now simply seems to encompass whatever nonfiction programming — some still tremendous, it must be said — HBO is releasing at a rate of two or three docs or docuseries per week.
There’s no real buzz around Year One: A Political Odyssey on the eve...
- 10/18/2022
- by Daniel Fienberg
- The Hollywood Reporter - Movie News
CNN’s State of the Union talk show highlighted two hot takes Sunday from former Treasury Secretary Lawrence Summers. The most startling was his pronouncement that an economic ecession was “more likely than not” within the next two years.
Summers’s statement was in opposition to current Treasury Secretary Janet Yellen’s earlier comment that there is nothing to suggest a recession is in the works. But in responding to a question from State of the Union anchor Dana Bash, Summers said he disagreed.
“I think when inflation is as high as it is right now, and unemployment is as low as it is right now, it’s almost always been followed within two years by recession,” Summers said. “I look at what’s happening in the stock and bond markets. I look at where consumer sentiment is. I think there is certainly a risk of recession in the next year.
Summers’s statement was in opposition to current Treasury Secretary Janet Yellen’s earlier comment that there is nothing to suggest a recession is in the works. But in responding to a question from State of the Union anchor Dana Bash, Summers said he disagreed.
“I think when inflation is as high as it is right now, and unemployment is as low as it is right now, it’s almost always been followed within two years by recession,” Summers said. “I look at what’s happening in the stock and bond markets. I look at where consumer sentiment is. I think there is certainly a risk of recession in the next year.
- 6/12/2022
- by Bruce Haring
- Deadline Film + TV
An attorney for Wendy Williams has accused Wells Fargo of “improprieties” including identity theft after a New York judge appointed a financial guardian over the talk show host’s finances on Thursday.
It’s the latest development in the battle that began with Wells Fargo freezing Williams’ bank accounts in February and requesting a hearing from the New York Supreme Court to determine if the TV personality could legally be considered an “incapacitated person.” In March, a temporary guardian was appointed, despite attorney La’Shawn Thomas’ insistence that her client is of sound mind.
“Please be advised that Wendy is not in agreement with the appointment of a financial guardian by the court. Wendy has been very clear that she does not want a financial guardian to tell her what she can and cannot do with her money, Wendy feels that she is capable of hiring her own financial advisors...
It’s the latest development in the battle that began with Wells Fargo freezing Williams’ bank accounts in February and requesting a hearing from the New York Supreme Court to determine if the TV personality could legally be considered an “incapacitated person.” In March, a temporary guardian was appointed, despite attorney La’Shawn Thomas’ insistence that her client is of sound mind.
“Please be advised that Wendy is not in agreement with the appointment of a financial guardian by the court. Wendy has been very clear that she does not want a financial guardian to tell her what she can and cannot do with her money, Wendy feels that she is capable of hiring her own financial advisors...
- 5/21/2022
- by Sharon Knolle
- The Wrap
The House on Tuesday passed an extension of the debt ceiling, averting the threat of a default until at least Dec. 3.
The vote was 219-206, a party line vote for the $480 billion increase. The legislation now goes to President Joe Biden, who plans to sign it.
The Senate passed an extension last week, after a standoff between Democrats and Republicans. Senate Minority Leader Mitch McConnell has been insistent that Democrats bear responsibility as they look to pass massive new infrastructure and social policy legislation. But Senate Majority Leader Chuck Schumer noted that the raising of the debt ceiling, typically bipartisan, was for spending that already had been appropriated by Congress, including during the tenure of Donald Trump.
Treasury Secretary Janet Yellen had said that the U.S. risked being unable to meet its obligations after Oct. 18.
Still, even though a crisis was averted, the question is how the ceiling will be raised come December,...
The vote was 219-206, a party line vote for the $480 billion increase. The legislation now goes to President Joe Biden, who plans to sign it.
The Senate passed an extension last week, after a standoff between Democrats and Republicans. Senate Minority Leader Mitch McConnell has been insistent that Democrats bear responsibility as they look to pass massive new infrastructure and social policy legislation. But Senate Majority Leader Chuck Schumer noted that the raising of the debt ceiling, typically bipartisan, was for spending that already had been appropriated by Congress, including during the tenure of Donald Trump.
Treasury Secretary Janet Yellen had said that the U.S. risked being unable to meet its obligations after Oct. 18.
Still, even though a crisis was averted, the question is how the ceiling will be raised come December,...
- 10/12/2021
- by Ted Johnson
- Deadline Film + TV
Updated, 5:07 Pm Pt: The Senate voted along party lines to raise the debt ceiling through Dec. 3.
Their vote, 50-48, temporarily averts the threat that the U.S. could default on its debt, as Democratic and Republican leaders had a standoff over who bears responsibility for raising the borrowing limit.
After insisting that Democrats go through a lengthy process called reconciliation to raise the debt ceiling, Senate Minority Leader Mitch McConnell offered an alternative on Wednesday: a short term fix, essentially kicking the can down the road two months. McConnell and 10 other Republicans joined with Democrats on a procedural vote to bring the extension to the floor, but he and other GOP members still voted against raising the debt ceiling in the final vote.
“This is a temporary but important fix,” Senate Majority Leader Chuck Schumer said from the floor before the final vote, as he blasted Republicans for playing...
Their vote, 50-48, temporarily averts the threat that the U.S. could default on its debt, as Democratic and Republican leaders had a standoff over who bears responsibility for raising the borrowing limit.
After insisting that Democrats go through a lengthy process called reconciliation to raise the debt ceiling, Senate Minority Leader Mitch McConnell offered an alternative on Wednesday: a short term fix, essentially kicking the can down the road two months. McConnell and 10 other Republicans joined with Democrats on a procedural vote to bring the extension to the floor, but he and other GOP members still voted against raising the debt ceiling in the final vote.
“This is a temporary but important fix,” Senate Majority Leader Chuck Schumer said from the floor before the final vote, as he blasted Republicans for playing...
- 10/8/2021
- by Ted Johnson
- Deadline Film + TV
Facebook led a rout of tech stocks and broader market indexes Monday amid outages at its core services and news that the whistleblower behind a recent series of damning stories in the Wall Street Journal will testify before Congress tomorrow.
Facebook shares were down by $324 or more than 5% as the Nasdaq dropped 340 points. The Djia shed about 400 points. Facebook’s mounting woes were compounded by economic jitters that hit tech stocks the hardest. Twitter and Snap plunged by more than 6%, Roku by 5%. Spotify was off 4% and Apple, Amazon and YouTube parent Google dipped about 3%. Netflix was dragged lower as well, losing 2.6%.
The sharp downturn comes amid jitters over supply chains and ahead of a a week full of economic data on inflation and the pace of the labor market recovery. Lawmakers haven’t yet agreed on a solution to raise the debt limit and avert a potential government default, a...
Facebook shares were down by $324 or more than 5% as the Nasdaq dropped 340 points. The Djia shed about 400 points. Facebook’s mounting woes were compounded by economic jitters that hit tech stocks the hardest. Twitter and Snap plunged by more than 6%, Roku by 5%. Spotify was off 4% and Apple, Amazon and YouTube parent Google dipped about 3%. Netflix was dragged lower as well, losing 2.6%.
The sharp downturn comes amid jitters over supply chains and ahead of a a week full of economic data on inflation and the pace of the labor market recovery. Lawmakers haven’t yet agreed on a solution to raise the debt limit and avert a potential government default, a...
- 10/4/2021
- by Jill Goldsmith
- Deadline Film + TV
Update, 4:43 Pm Pt: President Joe Biden signed a funding resolution to avert a government shutdown, just hours before a midnight deadline.
The House and the Senate passed the legislation overwhelmingly earlier on Thursday. It will fund much of the government through Dec. 3.
Previously: The Senate and the House passed a new funding package on Thursday, avoiding a partial shutdown of the government at midnight and resolving, at least for now, one of a number of Democrats’ legislative priorities.
The bill passed in the Senate 65-35 and in the House 254-175. It funds the government through Dec. 3. It also includes disaster aid and money to help Afghan refugees. President Joe Biden is expected to sign the legislation later on Thursday.
But it’s just one of a number of legislative items that have created a high stakes situation on Capitol Hill for Democrats and Joe Biden’s White House.
Congress...
The House and the Senate passed the legislation overwhelmingly earlier on Thursday. It will fund much of the government through Dec. 3.
Previously: The Senate and the House passed a new funding package on Thursday, avoiding a partial shutdown of the government at midnight and resolving, at least for now, one of a number of Democrats’ legislative priorities.
The bill passed in the Senate 65-35 and in the House 254-175. It funds the government through Dec. 3. It also includes disaster aid and money to help Afghan refugees. President Joe Biden is expected to sign the legislation later on Thursday.
But it’s just one of a number of legislative items that have created a high stakes situation on Capitol Hill for Democrats and Joe Biden’s White House.
Congress...
- 9/30/2021
- by Ted Johnson
- Deadline Film + TV
White House Press Secretary Jen Psaki said Wednesday that this week’s high-stakes, unresolved and unpredictable drama on Capitol Hill was “like an episode of a TV show.”
A reporter quickly asked, “What TV show?”
“Maybe The West Wing, if something good happens. Maybe Veep if not,” she said.
She was talking specifically about the prospects that a key part of Joe Biden’s agenda, the roughly $1.2 trillion infrastructure bill, will even make it to the House floor, as is planned, on Thursday. The fate of that piece of legislation, already passed by a bipartisan majority of the Senate, depends on whether Democrats can come to an agreement on a much larger $3.5 trillion package, known as the Build Back Better Act, which would expand the social safety net and provide huge outlays to tackle and counter climate change.
Democrats need every vote in the Senate for the latter piece of legislation to stand a chance.
A reporter quickly asked, “What TV show?”
“Maybe The West Wing, if something good happens. Maybe Veep if not,” she said.
She was talking specifically about the prospects that a key part of Joe Biden’s agenda, the roughly $1.2 trillion infrastructure bill, will even make it to the House floor, as is planned, on Thursday. The fate of that piece of legislation, already passed by a bipartisan majority of the Senate, depends on whether Democrats can come to an agreement on a much larger $3.5 trillion package, known as the Build Back Better Act, which would expand the social safety net and provide huge outlays to tackle and counter climate change.
Democrats need every vote in the Senate for the latter piece of legislation to stand a chance.
- 9/30/2021
- by Ted Johnson
- Deadline Film + TV
The Biden administration imposed new sanctions against a Cuban official for alleged human rights abuses inflicted on protesters during the government’s crackdown earlier this month.
The sanctions, brought against the Cuban defense minister and the head of the nation’s special forces brigade, Alvaro Lopez Miera, were “just the beginning,” President Joe Biden said in a Thursday statement.
Lopez Miera, whose assets were frozen, was added to a blacklist of “specially designated nationals” and cannot enter the U.S. The Treasury Department said Lopez Miera “played an integral role...
The sanctions, brought against the Cuban defense minister and the head of the nation’s special forces brigade, Alvaro Lopez Miera, were “just the beginning,” President Joe Biden said in a Thursday statement.
Lopez Miera, whose assets were frozen, was added to a blacklist of “specially designated nationals” and cannot enter the U.S. The Treasury Department said Lopez Miera “played an integral role...
- 7/22/2021
- by Peter Wade
- Rollingstone.com
President Joe Biden signed an executive order directing federal government agencies to assess the risks climate change brings to both public and private financial assets in the U.S., the White House announced on Thursday.
The order, called the Climate-Related Financial Risk, mandates regulators including Treasury Secretary Janet Yellen, who oversees the Financial Stability Oversight Council, and Federal Reserve Chairman Jerome Powell and others to direct federal agencies to examine the financial risks posed by extreme weather to both private and governmental financial institutions. They will then report back within...
The order, called the Climate-Related Financial Risk, mandates regulators including Treasury Secretary Janet Yellen, who oversees the Financial Stability Oversight Council, and Federal Reserve Chairman Jerome Powell and others to direct federal agencies to examine the financial risks posed by extreme weather to both private and governmental financial institutions. They will then report back within...
- 5/21/2021
- by Peter Wade
- Rollingstone.com
The Biden administration imposed tough new sanctions on Russia to hold the country accountable for its interference in the 2020 U.S. election, cyberattacks against both federal agencies and private companies, as well as its ongoing occupation in Crimea.
The wide-ranging measures announced on Thursday, include sanctions against six Russian companies, 32 entities and individuals for interference in the 2020 election. Additional financial sanctions are aimed at limiting Russia’s borrowing power.
In a letter notifying Congress, President Biden said that he had declared “a national emergency.”
“I hereby report that I have...
The wide-ranging measures announced on Thursday, include sanctions against six Russian companies, 32 entities and individuals for interference in the 2020 election. Additional financial sanctions are aimed at limiting Russia’s borrowing power.
In a letter notifying Congress, President Biden said that he had declared “a national emergency.”
“I hereby report that I have...
- 4/15/2021
- by Peter Wade
- Rollingstone.com
Saturday Night Live broke down what non-fungible tokens (Nft) are in a new sketch over the weekend after the crypto-asset recently generated headlines and social media buzz. In the sketch “What the hell’s an Nft,” Kate McKinnon played Treasury Secretary Janet Yellen as she addressed a college economic class when an Eminem-like Pete Davidson asked a question about NFTs. “Two Silicon boys […]
The post Watch: ‘SNL’ Explains What NFTs Are In New Sketch appeared first on uInterview.
The post Watch: ‘SNL’ Explains What NFTs Are In New Sketch appeared first on uInterview.
- 3/29/2021
- by Demi Tsatsaronis
- Uinterview
Joe Biden is making his first primetime address to the nation as President of the United States on Thursday, with the remarks set to begin at 8 p.m. Et/5 p.m. Pt, meaning the broadcast networks will be breaking in to their regularly scheduled lineups to cover it.
Biden has plenty to discuss, with the main topic the one-year anniversary of the Covid pandemic this week. It comes as a massive $1.9 trillion relief package passed by Congress this week heads to his desk for signature, the vehicle for Biden’s major bet that the stimulus will help fuel an economy hobbled by the virus.
Meanwhile, he has accelerated his original goal of having enough vaccines for every American by the end of May, even as the U.S. death toll nears 530,000.
You can watch the address on Deadline here via PBS:
Here’s how the news networks plan to...
Biden has plenty to discuss, with the main topic the one-year anniversary of the Covid pandemic this week. It comes as a massive $1.9 trillion relief package passed by Congress this week heads to his desk for signature, the vehicle for Biden’s major bet that the stimulus will help fuel an economy hobbled by the virus.
Meanwhile, he has accelerated his original goal of having enough vaccines for every American by the end of May, even as the U.S. death toll nears 530,000.
You can watch the address on Deadline here via PBS:
Here’s how the news networks plan to...
- 3/11/2021
- by Patrick Hipes
- Deadline Film + TV
Before President Joe Biden scheduled a primetime speech on the Covid-19 pandemic for Thursday, NBC News was already a Dateline special to mark the anniversary of the start of the lockdowns.
Covid One Year Later: Life After Lockdown, airing at 10 Pm Et, will feature Lester Holt and Savannah Guthrie from the Lincoln Memorial, with interviews with Secretary of the Treasury Janet Yellen and White House chief of staff Ron Klain. The special also will feature coverage of vaccines and the new variants, and segments on the future of travel and small business. Also contributing will be Craig Melvin, Richard Engel and Kate Snow.
“The thinking behind doing a show like this was to mark a moment in time,” Guthrie told Deadline. “This has been an extraordinary year of loss and change and grief in our country, and it merits a reflection. This is an inflection point. But I think the...
Covid One Year Later: Life After Lockdown, airing at 10 Pm Et, will feature Lester Holt and Savannah Guthrie from the Lincoln Memorial, with interviews with Secretary of the Treasury Janet Yellen and White House chief of staff Ron Klain. The special also will feature coverage of vaccines and the new variants, and segments on the future of travel and small business. Also contributing will be Craig Melvin, Richard Engel and Kate Snow.
“The thinking behind doing a show like this was to mark a moment in time,” Guthrie told Deadline. “This has been an extraordinary year of loss and change and grief in our country, and it merits a reflection. This is an inflection point. But I think the...
- 3/10/2021
- by Ted Johnson
- Deadline Film + TV
AMC Entertainment and GameStop shares dipped Thursday amid high level meetings to discuss recent trading convulsions and as Reddit users argued furiously on the now infamous WallStreetBeats chatroom about whether to fold or fight.
GameStop shares are down 34%, extending yesterday’s losses. AMC Entertainment has slipped 19% and other stocks that were vigorously promoted on WallStreetBeats starting last week are mostly lower as the broader market posted gains. A Reddit-fueled frenzy saw retail traders send select stocks soaring, disrupting financial markets and spreading panic among the talking heads on CNBC.
Scrutiny of order flow and possible funny business in the stock moves started in earnest Thursday as Treasury Secretary Janet Yellen was set to meet with officials from the Securities and Exchange Commission, the Federal Reserve, the New York Fed, and the Commodity Futures Trading Commission. “We really need to make sure that our financial markets are functioning properly … and that investors are protected,...
GameStop shares are down 34%, extending yesterday’s losses. AMC Entertainment has slipped 19% and other stocks that were vigorously promoted on WallStreetBeats starting last week are mostly lower as the broader market posted gains. A Reddit-fueled frenzy saw retail traders send select stocks soaring, disrupting financial markets and spreading panic among the talking heads on CNBC.
Scrutiny of order flow and possible funny business in the stock moves started in earnest Thursday as Treasury Secretary Janet Yellen was set to meet with officials from the Securities and Exchange Commission, the Federal Reserve, the New York Fed, and the Commodity Futures Trading Commission. “We really need to make sure that our financial markets are functioning properly … and that investors are protected,...
- 2/4/2021
- by Jill Goldsmith
- Deadline Film + TV
Washington — Dark money, that torrent of anonymous cash unleashed by groups with mind-numbingly generic names such as Americans for Prosperity or Patriot Majority, is an ugly fixture of American politics, a weapon used to win elections, confirm (or defeat) judges, and pass (or defeat) legislation. Once dominated by ultra-wealthy conservatives like the Koch brothers, the dark-money racket is now embraced by Democrats and Republicans, liberals and conservatives alike. President Joe Biden benefitted from an estimated $145 million in untraceable cash spent to help elect him in 2020, a sum more than ten...
- 2/3/2021
- by Andy Kroll
- Rollingstone.com
New Delhi, Jan 22 (Ians) As the world went gaga over the overall value of all cryptocurrencies surpassing the $1 trillion mark and Bitcoin crossing the $40,000 mark, the cryptocurrency saw its sharpest fall since September last year, hitting under $30,000 this week and hovering around $31,000 on Friday.
Two weeks ago, Bitcoin hit $42,000, but it is now down 30 per cent from that record high. According to reports, increasing calls for regulation is the reason Bitcoin has crashed so big.
At a US Senate hearing earlier this week, Janet Yellen, US President Joe Biden's nominee for Treasury Secretary, suggested that lawmakers must "curtail" the use of cryptocurrencies such as Bitcoin over concerns that they are being used for illegal activities.
"Cryptocurrencies are a particular concern. I think many are used -- at least in a transaction sense -- mainly for illicit financing. I think we really need to examine ways in which we can...
Two weeks ago, Bitcoin hit $42,000, but it is now down 30 per cent from that record high. According to reports, increasing calls for regulation is the reason Bitcoin has crashed so big.
At a US Senate hearing earlier this week, Janet Yellen, US President Joe Biden's nominee for Treasury Secretary, suggested that lawmakers must "curtail" the use of cryptocurrencies such as Bitcoin over concerns that they are being used for illegal activities.
"Cryptocurrencies are a particular concern. I think many are used -- at least in a transaction sense -- mainly for illicit financing. I think we really need to examine ways in which we can...
- 1/22/2021
- by IANS
- GlamSham
David Fincher’s period drama “Mank” shines a light on the personal and professional drama of Hollywood’s golden age, but as a lot of women pointed out after it debuted over the weekend on Netflix, it also inadvertently shined a light on Hollywood’s enduring problems with sexist and ageist casting decisions.
The film, which covers the battle between Citizen Kane screenwriter Herman J. Mankiewicz and director Orson Welles over the writing credits for “Citizen Kane,” stars 62-year-old Gary Oldman as Mankiewicz, who in reality was only 43. That works in part because Mankiewicz was, famously, an alcoholic whose dangerously excessive drinking made him look decades older than he was, and ultimately killed him at age 55.
But as noted by writer Emily Nunn, Mank’s wife, who in real life was the exact same age, is played by 33 year old Tuppence Middleton. The two of them had been married since 1920 “We don’t feel invisible,...
The film, which covers the battle between Citizen Kane screenwriter Herman J. Mankiewicz and director Orson Welles over the writing credits for “Citizen Kane,” stars 62-year-old Gary Oldman as Mankiewicz, who in reality was only 43. That works in part because Mankiewicz was, famously, an alcoholic whose dangerously excessive drinking made him look decades older than he was, and ultimately killed him at age 55.
But as noted by writer Emily Nunn, Mank’s wife, who in real life was the exact same age, is played by 33 year old Tuppence Middleton. The two of them had been married since 1920 “We don’t feel invisible,...
- 12/8/2020
- by Andrea Towers
- The Wrap
Jake Tapper will interview President-elect Joe Biden and Vice President-elect Kamala Harris in their first joint interview since the election.
The interview will air on CNN’s The Lead and The Situation Room on Thursday, and the full interview will be shown in an hourlong primetime special the same evening. It also will be simulcast on CNN International and in Spanish on CNN en Español.
CNN said the interview will take place in Wilmington, De, at The Queen Theater, the same venue where Biden has introduced his cabinet nominees and other members of his administration.
Biden gave his first interview to NBC News’ Lester Holt, and it aired last week. He said that his administration would not be a “third Obama term.”
“We face a totally different world than we faced in the Obama-Biden administration,” he said. “President Trump has changed the landscape. It’s become America first. It’s been America alone.
The interview will air on CNN’s The Lead and The Situation Room on Thursday, and the full interview will be shown in an hourlong primetime special the same evening. It also will be simulcast on CNN International and in Spanish on CNN en Español.
CNN said the interview will take place in Wilmington, De, at The Queen Theater, the same venue where Biden has introduced his cabinet nominees and other members of his administration.
Biden gave his first interview to NBC News’ Lester Holt, and it aired last week. He said that his administration would not be a “third Obama term.”
“We face a totally different world than we faced in the Obama-Biden administration,” he said. “President Trump has changed the landscape. It’s become America first. It’s been America alone.
- 12/1/2020
- by Ted Johnson
- Deadline Film + TV
Joe Biden on Tuesday unveiled members of his economic team, led by Janet Yellen, the former chair of the Federal Reserve, as the Treasury Secretary.
Biden also took the attention over the announcement to call for passage of another Covid-19 relief package, which has been stalled in Congress. CNN, MSNBC and BBC World News all covered the event live, as did ABC and, on the West Coast, NBC. Fox News did not go to the President-elect’s remarks and introduction of his economic team. Instead, Harris Faulkner’s Outnumbered Overtime had segments on Covid-19 school closures and Donald Trump’s ongoing refusal to accept the results of the election. Sister network Fox Business did carry the event.
With the coronavirus raging across all parts of the country, Biden ran through a list of those who urgently need relief including renters unable to make their payments and state and local governments...
Biden also took the attention over the announcement to call for passage of another Covid-19 relief package, which has been stalled in Congress. CNN, MSNBC and BBC World News all covered the event live, as did ABC and, on the West Coast, NBC. Fox News did not go to the President-elect’s remarks and introduction of his economic team. Instead, Harris Faulkner’s Outnumbered Overtime had segments on Covid-19 school closures and Donald Trump’s ongoing refusal to accept the results of the election. Sister network Fox Business did carry the event.
With the coronavirus raging across all parts of the country, Biden ran through a list of those who urgently need relief including renters unable to make their payments and state and local governments...
- 12/1/2020
- by Ted Johnson
- Deadline Film + TV
After three weeks of stasis, Joe Biden’s transition to the White House has suddenly taken off like the 1967 Chevy Corvette the President-elect has long proudly owned.
In his first interview since being declared winner in the 2020 election and one day after the General Services Administrator finally signed off on the process of shifting administrations, Biden on Tuesday gave NBC Nightly News with Lester Holt a glimpse of how things are going.
“Immediately we’ve gotten outreach from the National Security shop,” Biden told Holt in an interview filmed earlier today in Wilmington, De.
Beyond a quip or two from the doorway to the chauffeured curb, Biden has had only brief interactions with the media in the past few weeks. As he was leaving the NBC interview taping Tuesday, the ex-vp was asked if he would meet with Donald Trump. “Of course I would, if he asked,” Biden responded before...
In his first interview since being declared winner in the 2020 election and one day after the General Services Administrator finally signed off on the process of shifting administrations, Biden on Tuesday gave NBC Nightly News with Lester Holt a glimpse of how things are going.
“Immediately we’ve gotten outreach from the National Security shop,” Biden told Holt in an interview filmed earlier today in Wilmington, De.
Beyond a quip or two from the doorway to the chauffeured curb, Biden has had only brief interactions with the media in the past few weeks. As he was leaving the NBC interview taping Tuesday, the ex-vp was asked if he would meet with Donald Trump. “Of course I would, if he asked,” Biden responded before...
- 11/24/2020
- by Dominic Patten
- Deadline Film + TV
Updated with closing: The Dow Jones Industrial Average, which came close to the 30,000-point mark in January before Covid-19 ravaged most of the world, surpassed the number Tuesday amid optimism for Joe Biden’s presidency.
The barrier was broken about an hour into the trading day and the Dow finished the session at 30,046.24, up 454.97 points. The Nasdaq and S&P 500 also fared well, each rising more than 1%.
Top gainers among Dow components included Chevron, JPMorgan Chase, Goldman Sachs and Disney, which all saw their shares climb between 4%-5%.
It isn’t that investors have a clear preference for Biden, but they dislike uncertainty. Some of the dust kicked up by President Donald Trump, who has still not conceded he lost the November 3 election, finally began to settle Monday when administration officials allowed for transition activities to proceed. Biden will be eligible to start receiving official briefings, as is customary for...
The barrier was broken about an hour into the trading day and the Dow finished the session at 30,046.24, up 454.97 points. The Nasdaq and S&P 500 also fared well, each rising more than 1%.
Top gainers among Dow components included Chevron, JPMorgan Chase, Goldman Sachs and Disney, which all saw their shares climb between 4%-5%.
It isn’t that investors have a clear preference for Biden, but they dislike uncertainty. Some of the dust kicked up by President Donald Trump, who has still not conceded he lost the November 3 election, finally began to settle Monday when administration officials allowed for transition activities to proceed. Biden will be eligible to start receiving official briefings, as is customary for...
- 11/24/2020
- by Dade Hayes
- Deadline Film + TV
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