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Film producer Jason Cloth: Making money from movies is all about tuning in to the times

October 13, 2020

Hit film producer Jason Cloth knows what can lift the spirits of cinema audiences depressed by the grim world of Covid-19. “People are afraid, they’re tired,” says the 54-year-old Canadian, who is one of the industry’s biggest private financiers. “If we can truly give them some uplifting escapism, they will go back.”

With a string of box office successes to his name, Cloth has a record of understanding what audiences want. His biggest success was the 2019 film Joker starring Joaquin Phoenix as Batman’s nemesis. He says he put up 25 per cent of the reported $64m cost of the movie which took more than $1bn at box offices worldwide, making it one of the most profitable comic-book productions of all time.

Cloth questions whether that film, which was criticised for its violence, would still be a hit in today’s bleaker times. “Would Joker have done as well if it

Premiums Cost 10 Times More)

October 12, 2020

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Six months into the coronavirus pandemic, many Hollywood companies still can’t head back into production on film and TV projects because of one major roadblock: Insurers have made no moves to incorporate pandemic coverage into policies, leaving big studios to self-insure and smaller production companies to seek pricey alternatives — or gamble on shooting without any coverage at all. Productions that bought policies before March are largely safe, as multiple insiders tell TheWrap that most policies procured before the pandemic shutdown did not have COVID-19 or infectious disease exclusions, and cast insurance and civil authority policies cover expenses incurred due to the coronavirus. However, any policy written since March now has a “platter of exclusions” as insurers seek to mitigate potential losses, according to Brian Kingman, managing director at Gallagher Entertainment, who helps find coverage for Hollywood’s stars. Plus, no major insurance carriers will offer COVID-related coverage moving forward. “In

Finance Minister Sunak to announce local furlough scheme on Friday – The Times

October 10, 2020

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FILE PHOTO: Britain’s Chancellor of the Exchequer, Rishi Sunak, leaves a television studio in London, Britain, October 6, 2020. REUTERS/Toby Melville

(Reuters) – British Finance Minister Rishi Sunak will announce a local furlough scheme on Friday in which the government will subsidise two thirds of the wages of workers in pubs, restaurants and other businesses that are forced to close to stop the spread of the coronavirus, The Times newspaper reported bit.ly/33FH8yg.

“Employers will be able to access the scheme for as long as pubs, restaurants and other businesses are closed,” the newspaper’s deputy political editor, Steven Swinford, said on Twitter.

The Times quoted an unidentified minister as saying there was frustration in government at the failure of the Treasury to bring forward the measures sooner.

The Daily Mail newspaper reported earlier that Sunak was putting together a new support package for jobs in a furlough-style bailout for coronavirus hotspots

Despite Billionaire Funding And Lofty Goals, Discord Is Still Lead Headline At L.A. Times

October 9, 2020

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Norman Pearlstine is about to be out of a job and likely is breathing a sigh of relief. Having successfully run major media entities like Forbes, Time Inc. and the Wall Street Journal, Pearlstine has tried for the past two and a half years to steer the recovery of the Los Angeles Times. He’s had some positive things working for him: A supportive billionaire publisher who has supplied massive refinancing and a gorgeous new headquarters. Also an eager readership that has survived years of frustration because of mismanagement.

Nothing can be more ominous than good portents, however: Despite Pearlstine’s stalwart efforts, and a near doubling of digital readership, the Times staff has seemed bent on self-immolation with its editors and reporters delivering more apologies than news. Last month, the newspaper published a special editorial section declaring its regrets for gaps in coverage dating back to the 19th

Big business CEOs give Trump 5 times as much money as Biden

October 9, 2020

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National Economic Council Director Larry Kudlow said in a recent meeting in the Oval Office with White House Chief of Staff Mark Meadows the president said he would like to ‘do a deal.’

Top CEOs have doled out nearly $2.5 million to fill the reelection coffers of President Trump and other Republican candidates, donating nearly five times as much to pro-Trump super PACs and the Republican National Committee as to Democratic opponent Joe Biden.

KAMALA HARRIS CHEERS WALL STREET SUPPORT AS BIG-MONEY DONORS LINE UP FOR BIDEN

The money comes from 15 top executives from the S&P 500. The top donor is Jeffrey Sprecher of Intercontinental Exchange, whose wife, Republican Sen. Kelly Loeffler of Georgia, is battling to keep her seat in Congress. Sprecher spent over $1.2 million, giving to GOP PACS America First Action, Trump Victory and Donald J. Trump for President, according to a data analysis by Market

New Study Predicts Gloomy Economic Times Ahead For Americans

October 9, 2020

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Sad evicted tenant moving home boxing belongings — New Study Predicts Gloomy Economic Times Ahead For Americans

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With unemployment sky rocketing as a result of Covid-19, there has been a corresponding rise in evictions and mortgage defaults. A new study from Washington University in St. Louis’ Olin Business School of the loan-to-value ratios in the wake of the 2008 financial crash issues a cautionary warning about the troubles ahead.

The study finds that the higher the outstanding mortgage is relative to the value of the home, the worse the future income growth and job mobility of the individual will be.

The researchers assessed wage data and credit profiles from around 30 million Americans working in over 5,000 companies. The analysis revealed a negative association between the income of the worker and their home loan-to-value (LTV) ratio, with this especially so when the principle owed was higher than the value of the house.

For instance, when homes were

Trump raised 5 times as much money from America’s top CEOs as Biden

October 9, 2020

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ELECTION

timeline: S&P 500 chief executives have combined to give more money to Trump’s campaign than Biden’s, even as the Democratic challenger has more S&P CEOs as donors.

S&P 500 chief executives have combined to give more money to Trump’s campaign than Biden’s, even as the Democratic challenger has more S&P CEOs as donors.

As the Nov. 3 election sparks record campaign contributions, the CEOs of S&P 500 companies are helping to fund the war chests of President Donald Trump and challenger Joe Biden, while also contributing to other Republican and Democratic politicians.

In their political giving as individuals, these chief executives have combined to give more to Trump than Biden. Some 15 CEOs whose companies are components of the S&P 500 (SPX) have donated a total of $2.489 million to Trump’s principal campaign committee, its joint fundraising groups with the Republican National Committee or pro-Trump super PACs.

Meanwhile, 30 chief execs have contributed $536,100 to Biden’s main campaign committee, its joint groups with the Democratic National Committee or pro-Biden super PACs. These figures come from

UK Finance Minister Sunak to announce local furlough scheme on Friday – The Times

October 9, 2020

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Adds COVID-19 background, remarks from minister cited by The Times

Oct 9 (Reuters) – British Finance Minister Rishi Sunak will announce a local furlough scheme on Friday in which the government will subsidise two thirds of the wages of workers in pubs, restaurants and other businesses that are forced to close to stop the spread of the coronavirus, The Times newspaper reported.

“Employers will be able to access the scheme for as long as pubs, restaurants and other businesses are closed,” the newspaper’s deputy political editor, Steven Swinford, said on Twitter.

The Times quoted an unidentified minister as saying there was frustration in government at the failure of the Treasury to bring forward the measures sooner.

The Daily Mail newspaper reported earlier that Sunak was putting together a new support package for jobs in a furlough-style bailout for coronavirus hotspots plunged into local lockdowns next week.

Britain has

Women’s PGA Championship 2020: Tee Times, Dates, TV Schedule, LPGA Prize Money | Bleacher Report

October 7, 2020

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Ringo H.W. Chiu/Associated Press

Having fallen just short in the ANA Inspiration, Nelly Korda heads to Aronimink Golf Club in Newtown Square, Pennsylvania, on a mission as the 2020 Women’s PGA Championship prepares to tee off.

Korda was one of three golfers tied for the lead in the ANA Inspiration as the final round concluded. A birdie on the first playoff hole gave Mirim Lee the title. Lee and Korda will be two of the top contenders for the next major championship on the schedule.

The Women’s PGA Championship will begin Thursday at 8:10 a.m. ET. The trio of Esther Henseleit, Ellen Ceresko and Jing Yan will start at No. 1 while Wichanee Meechai, Kristy McPherson and Jennifer Borocz take to the No. 10 tee.

When: Oct. 8-11

Watch: Golf Channel, NBC Sports, NBCSports.com

Tee Times: Women’s PGA Championship official site

Golf Channel and NBC are splitting the television coverage

Insulin prices up to 8 times higher in U.S. than other countries, study finds

October 7, 2020

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Oct. 6 (UPI) — The price of the diabetes drug insulin is more than eight times higher in the United States than in 32 other high-income nations combined, according to a RAND Corp. analysis released Tuesday.

The average price per unit across all types of insulin in the United States is $98.70, which is just over six times the drug’s average price in Canada — about $15.70 — and just under six times the average price in Britain and Japan — about $16.70 — the researchers said.

And the average U.S. price is nearly 28 times as high as that of Turkey, which is about $3.60, they said.

“This analysis provides the best available evidence about how much more expensive insulin is in the U.S. than in other nations around the world,” RAND senior policy researcher Andrew Mulcahy said in a statement.

“Prices in the U.S. are always much higher