Rebecca Ramsey, whose dozens of visual effects credits include Watchmen, The Hunger Games and Harry Potter and the Deathly Hallows, has died. She was 53. Ramsey passed on March 7 from complications related to a fall in her home, according to her longtime friend, Jenny McShane. Ramsey was a producer and EP of VFX, VR/AR/MR, 3D stereo, […]
He was recently moved into a prison medical center.
He talked to Trump last week — now this billionaire investor is warning about taking ‘undue risk’ in the market
Cohen also said his $16 billion firm has effectively managed risk so far this year with performance that is “essentially flat” despite the gutting market downturn. The note follows a conference call with President Trump last week that, according to Reuters, focused on the U.S. economy and the Federal Reserve. Dan Loeb of Third Point LLC, Stephen Schwarzman of Blackstone Group, Robert Smith of Vista Equity Partners, Paul Tudor Jones of Tudor Investment Corp and Ken Griffin of Citadel were also reportedly on the call.
Because sometimes working from home is hard enough
- WorldNational Review
What started as a catastrophe for China is shaping up to be a moment of strategic opportunity, a rare turning point in the flow of history. Suddenly, the protests in Hong Kong, carrying a mortal threat to political stability in the mainland, became a physical impossibility. More important, the pandemic set in motion a global competition, to contain the virus, for which China and the Chinese Communist Party seem uniquely prepared.As the virus spread to the whole world, it became apparent that Western societies — Beijing’s true rivals — did not have the ability to quickly organize every citizen around a single goal. As opposed to China, which remains to a large extent a revolutionary society, their political systems were built for normal times. Chinese society is a mobilized army, which can quickly drop everything else and march in one direction.Mao once said, “Everything under heaven is in utter chaos, the situation is excellent.” And so it seems at present, as seen from Beijing. Chinese diplomats stationed all over the world spend their time raising the stakes to a dangerous level. Following instructions from the very top, they have taken to the media to issue a challenge to America, to point out its failure, and to compare the chaos in American cities and hospitals with what they see as a singular success in stopping the epidemic in China.Several commentators have suggested that China may be winning the coronavirus battle by stepping forward in providing medical help to affected countries, mostly in Europe, at a time when the United States is consumed with its own difficulties. This misses the point.The cases have been multiplying where the medical equipment provided by Chinese companies and even the Chinese state turned out to be faulty, provoking justified ire in, for example, Spain, the Netherlands, and Turkey. Moreover, medical help is a normal occurrence in a crisis. China has done nothing different, except perhaps in the clumsy way it publicizes those efforts.Forget about “mask diplomacy.” It is no more than a distraction. There are other ways for China to use the coronavirus pandemic to upturn the existing global order. I see three main levers.The first one is the direct comparison between the situation in China and elsewhere. The numbers of cases and fatalities provided by Chinese authorities almost certainly misrepresent the real figures by more than an order of magnitude, but the fact remains that a semblance of normalcy was achieved in a small period of time. If the United States fails to do the same, its prestige will suffer a severe blow. People all over the world will quickly change their perceptions about relative power and capacity.The second lever resides with industrial value chains. Last month General Motors, Ford, and Fiat Chrysler closed all their automotive production plants across the United States and Canada. Other sectors have followed. In the meantime, China contained the worst of the pandemic to one province, allowing economic activity to quickly resume elsewhere. The most recent data show renewed activity in the flow of goods across the country, as well as at ports worldwide that do business with China. If the freeze in Europe and America continues for much longer, Chinese companies will be able to dramatically expand market share and replace Western-led value chains. Just yesterday Chinese authorities announced that manufacturing activity expanded in March, defying expectations of a contraction. In February the official Purchasing Managers’ Index hit a record low of 35.7. It bounced back to 52.0 in March. Prepare for a worldwide wave of Chinese acquisitions at knockdown prices.Finally, in a more extreme scenario, important countries could experience the kind of economic shock that leads to widespread social and political collapse. At that point, China would have a unique opportunity to step in, provide aid, and refashion these countries in its image. It would look like a repeat of the Marshall Plan and the beginning of the American world order after the ravages of World War II. Indonesia, South Asia, and even Russia might be of special interest in such a scenario.We knew that a generalized race or competition between alternative geopolitical models had started, but it was never clear what the background for such a competition would be. If the clash took place within the existing global trade and financial system, which was of course built according to Western rules and principles, the United States was confident the battle could be decisively won. But what if it took place on neutral ground? What if it took place in a kind of neutral landscape, a state of nature with few or no rules, against a chaotic and quickly evolving background? The outcome would become considerably more uncertain.To put it more bluntly: There was always an argument that the existing world order cannot change because only a momentous war has done that in the past and world wars have become impossible. But in pandemics — and soon in climate change — we may have found two functional equivalents of war.
- BusinessThe Wrap
Millions of People Get Coronavirus Updates From Fox News – This Lawsuit Says the Network Gave Them False Information
Fox News is facing intense scrutiny for its initial coverage of the coronavirus pandemic and a lawsuit filed in Washington is asking a state court to bar the network from sharing false information about the pandemic.The top-rated network was sued Thursday by the Washington League for Increased Transparency and Ethics. TheWrap has reviewed the ten-page document, in which Fox News Corp., owner Rupert Murdoch, AT&T TV and Comcast were named as defendants.The organization is seeking an injunction to prevent Fox News from “interfering with reasonable and necessary measures to contain the virus by publishing further false and deceptive content.” Fox News, the suit says, violates the Consumer Protection Act, which ” declares unlawful and prohibits deceptive acts or practices in the conduct of any trade or commerce.”Responding to Thursday’s lawsuit, general counsel for Fox News Media Lily Fu Claffee said, “Wrong on the facts, frivolous on the law. We will defend vigorously and seek sanctions as appropriate.”Also Read: Rep. Alexandria Ocasio-Cortez to Fox News' Laura Ingraham: 'Why Are You on TV Again?'In the last month, Fox News’ on-air talent has been criticized for what they have shared about the virus, both on-air and through their social media accounts. (At the time of this article’s publication, FoxNewsLiedAsPeopleDied is a trending hashtag on Twitter.)Much of the criticism stems from the New York Times’ opinion section, which has published some scathing pieces recently that attack Fox News’ coverage and what the authors say are the effects of that coverage. Kara Swisher, the veteran tech journalist who co-founded the site ReCode, wrote in an op-ed this week that she blamed Fox News for her aging mother’s initial lack of concern about the coronavirus pandemic.Swisher wrote that her mother’s “primary source of news” is Fox News, and the older woman initially did not take the coronavirus threat seriously because of what she watched.Also Read: 74 Journalism Professors Sign Letter Calling Fox News' Coronavirus Coverage a 'Danger to Public Health'“But she was not concerned — and it was clear why. … In those days she was telling me that the COVID-19 threat was overblown by the mainstream news media (note, her daughter is in the media). She told me that it wasn’t going to be that big a deal. She told me that it was just like the flu,” Swisher wrote of her mother, who continued to go out to eat with friends for some time and went as far as to threaten to block Swisher’s number if she kept talking about the seriousness of the pandemic.That characterization earned Swisher a two-day fight with Fox News’ ratings behemoth and primetime host Sean Hannity.“You got one far-left media mob maniac over at ‘The New York Times’ using the virus to attack her least favorite network, oh, and yours truly,” Hannity said during his show Wednesday. “Yes, she’s accusing Fox News of putting her mother and the elderly people at risk.”Also Read: Sean Hannity Insists He 'Never Called the Virus a Hoax' One Week After Doing Just That (Video)“In order to help the media mob out, we put it all together for them [in a timeline] so they can’t plead ignorance when I think about suing them,” said Hannity, who had already unleashed a series of tweets about Fisher earlier in the day. He referenced his Jan. 27 interview with Dr. Anthony Fauci, a now-recognizable figure in the fight against the virus, and noted the conversation took place “six days after the first confirmed case of the United States.”In a different New York Times piece, writer-at-large Charlie Warzel pointed not necessarily to Fox News hosts’ on-air coverage but their online behavior. He described a Medium post by Aaron Ginn, a Silicon Valley product manager and “growth hacker,” that argued the true severity of the virus. Fox News’ Brit Hume tweeted a link to the post on March 21 to his over one million followers. By the next day, eight of his Fox colleagues had also shared the post, including Bret Baier, Laura Ingraham and Sebastian Gorka, who together have over five million followers. (Baier did tweet the Medium article, but also asked his followers to read a thread of information on the site that offered a “strong counter-argument to the medium article.”) Medium later removed Ginn’s post.“Within hours, the blog post was amplified across conservative media,” Warzel wrote.Some Fox News Media opinion hosts have been dismissive of the dangers of the coronavirus, especially in the virus’ earlier days in America. Former Fox Business host Trish Regan, for instance, described it as another effort to impeach President Donald Trump. She and her network parted ways at the end of March.Fox News — which Thursday gave $1 million to Feeding America in a joint donation with Facebook designed to ease the strain of the pandemic — began implementing work-from-home strategies for employees in mid-March, ramping up efforts to keep employees home as the virus spread. Hosts who still appeared in the studio started sitting six feet apart and the tone of coverage started to change as Fox News added two additional doctors to its roster of contributors.Fox News sent out an internal memo Friday stating that the earliest date staffers could expect to be back in their offices is May 4.Read original story Millions of People Get Coronavirus Updates From Fox News – This Lawsuit Says the Network Gave Them False Information At TheWrap