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22 июня, 23:41

Fed "Stress Test" Results Are Out: Everyone Passes Even As VIX Hits 70

Moments ago the Fed released the first phase of its annual stress test which, once again, found that all thirty-four of the US largest banks "passed", exceeding minimum projected capital and leverage ratios under severely adverse scenarios, based on their projected ability to withstand economic shocks, which  as Bloomberg notes, shows that "firms are getting the hang of the once-dreaded reviews." The result marks the third straight year all firms cleared the minimum requirements in the exams’ first phase, begging the question just how "stressful" this test truly is. Today's results covered the "Dodd-Frank Act Stress Test" that measures banks’ capital under stress over the nine quarters. This year, the Fed projected supplementary leverage ratios at the largest banks. Morgan Stanley’s projected 3.8 percent ratio in a potential economic downturn was lowest - though it still cleared the 3 percent minimum, according to Bloomberg. Under the worst case scenario, banks are projected to suffer $383 billion in losses on loans. Some other findings, courtesy of Bloomberg Bank of America Corp. would suffer a $26.4 billion hit to its pretax profit under that scenario, the most of any lender. Goldman Sachs Group Inc.’s projected loan-loss rate of 8.1 percent was surpassed only by commercial lenders or card issuers such as American Express Co., Capital One Financial Corp., and Discover Financial Services. Wells Fargo & Co.’s $7.7 billion in trading and counterparty losses came close to firms with larger Wall Street operations, with Morgan Stanley at $9.5 billion. JPMorgan Chase & Co. led the group with $25.2 billion in losses. Of the participant banks, every single one exceeded minimum thresholds, although Morgan Stanley performed worse than the rest on a key leverage measure, the second year it has underperformed its peers. During the second phase of last year's stress test the bank was forced to resubmit its plan to address a “material weakness”, before it was allowed to pay out capital to shareholders. Results from that round are due next week. Another notable finding: in the Fed's forecasts for loan losses in a "severely" adverse scenario, Goldman’s projected loan-loss rate of 8.1% was surpassed only by commercial lenders or card issuers such as American Express, Capital One, and Discover Financial Services. Wells Fargo & Co.’s $7.7 billion in trading and counterparty losses came close to firms with larger Wall Street operations, with Morgan Stanley at $9.5 billion. JPMorgan Chase & Co. led the group with $25.2 billion in losses. “This year’s results show that, even during a severe recession, our large banks would remain well capitalized,” Fed Governor Jerome Powell said in a statement announcing the central bank’s findings Thursday. It remains to be seen if that will also be the case when over $2 trillion in excess reserves which pad the bank's balance sheets are eventually drained. The "successful" outcome will boost the industry's arguments that the banking system is safe enough to allow for cutting back some regulations. Furthermore, once the second round is released, expect all banks to further boost payouts to investors. The "test" designed to boost confidence in the banking sector after the financial crisis, assesses how banks would handle hypothetical turmoil, such as surging unemployment, a sharp drop in housing prices or an extended stock slump. Firms that handily clear the first phase typically have more room to make payouts to shareholders. The tests have become less dramatic in recent years with fewer quantitative failures. And under regulators selected by President Donald Trump, that may continue. The Treasury Department issued a report last week proposing tests occur less frequently, that highly capitalized banks be exempt from the process and that one of the toughest hurdles be scrapped. Here are the parameters for what the Fed defined as the "Severely Adverse", or worst-case, scenario: The adverse scenario is characterized by weakening economic activity across all of the economies included in the scenario. This economic downturn is accompanied by a global aversion to long-term fixed-income assets that, despite lower short rates, brings about a near-term rise in long-term rates and steepening yield curves in the United States and the four countries/country blocks in the scenario.   The severely adverse scenario is characterized by a severe global recession that is accompanied by a period of heightened stress in corporate loan markets and commercial real estate markets. In this scenario, the level of U.S. real GDP begins to decline in the first quarter of 2017 and reaches a trough in the second quarter of 2018 that is about 6½ percent below the pre-recession peak. The unemployment rate increases by about 5¼ percentage points, to 10 percent, by the third quarter of 2018. Headline consumer price inflation falls to about 1¼ percent at an annual rate by the second quarter of 2017 and then rises to about 1¾ percent at an annual rate by the middle of 2018.   As a result of the severe decline in real activity, short-term Treasury rates fall and remain near zero through the end of the scenario period. The 10-year Treasury yield drops to ¾ percent in the first quarter of 2017, rising gradually thereafter to around 1½ percent by the first quarter of 2019 and to about 1¾ percent by the first quarter of 2020. Financial conditions in corporate and real estate lending markets are stressed severely. The spread between yields on investment-grade corporate bonds and yields on long-term Treasury securities widens to about 5½ percentage points by the end of 2017, an increase of 3½ percentage points relative to the fourth quarter of 2016. The spread between mortgage rates and 10-year Treasury yields widens to over 3½ percentage points over the same time period.   Asset prices drop sharply in this scenario. Equity prices fall by 50 percent through the end of 2017, accompanied by a surge in equity market volatility, which approaches the levels attained in 2008. House prices and commercial real estate prices also experience large declines, with house prices and commercial real estate prices falling by 25 percent and 35 percent, respectively, through the first quarter of 2019.   The international component of this scenario features severe recessions in the euro area, the United Kingdom, and Japan and a marked growth slowdown in developing Asia. As a result of the sharp contraction in economic activity, all foreign economies included in the scenario experience a decline in consumer prices. As in this year’s adverse scenario, the U.S. dollar appreciates against the euro, the pound sterling, and the currencies of developing Asia but depreciates modestly against the yen because of flight-to-safety capital flows. In other words, neither inflation, nor 10Y yields drop negative even as VIX surges to 70. Mmmk then. And here is the VIX scenario that the Fed believes all banks will survive:   Considering none other than JPMorgan last week predicted that a token increase in the VIX from 10 to 15 would lead to "catastrophic losses" for vol sellers, we wish the Fed - and banks - the best of luck surviving, as the Fed expected, when the VIX hits the level it was at when the US banking system was collapsing 9 years ago. Some other findings courtesy of Bloomberg: Firms boosted share of agency MBS, Treasuries in securities portfolios, cut holdings of less-liquid assets like securitized products Loan portfolios grew, driven by strong growth in corporate, commercial real estate (CRE), credit-card loans Residential mortgage growth lagged, as healthy growth in first-lien mortgages was offset by notable decline in home- equity loans Credit quality of some loan portfolios -- including first-lien mortgages and commercial mortgages -- has improved, largely due to recent gains in real estate prices At the same time, improvements in portfolios secured by real estate were partially offset by continued stress on some corporate loans due to persistently low oil prices, recent uptick in delinquency rates in credit-card portfolios Results overall show banks have strong capital levels, retain ability to lend to households and businesses during severe recession Most-severe hypothetical scenario projects $493b in losses at the 34 participating banks during the 9 quarters tested, with $383b in accrual loan portfolio losses, $86b in trading and/or counterparty losses at the 8 cos. with substantial trading, processing, custodial operations Companies’ aggregate common equity tier 1 capital ratio would fall to minimum level of 9.2% from actual 12.5% in 4Q 2016 In "adverse" scenario (featuring moderate recession), aggregate common equity capital ratio fell to minimum 10.7% from actual 12.5% in 4Q Since 2009, the firms have added >$750b in common equity capital On June 28, at 4:30pm, the Fed will release the results of the second round of the Stress Test, the Comprehensive Capital Analysis and Review (CCAR). Full stress test below (Federal Reserve link)

Выбор редакции
22 июня, 15:59

What is the Best American Express Rewards Credit Card of 2017?

American Express has long been a top contender in the rewards credit card field. They also have several great cards to choose from to complement your spending habits.

16 июня, 03:35

Political Disorder Syndrome - "Refusal To Reason Is The New Normal"

Authored by Daniel Henninger, op-ed via The Wall Street Journal, Public Theater should cancel its Trump assassination play... But it won’t. James T. Hodgkinson, who on Wednesday shot Republican Rep. Steve Scalise and four others, posted this on his Facebook page March 22: “Trump is a Traitor. Trump Has Destroyed Our Democracy. It’s Time to Destroy Trump & Co.” Sitting in the dying light of World War I, the poet T.S. Eliot wrote, “I had not thought death had undone so many.” What’s our excuse? Displays of political or social excess seem to be everywhere. Whatever once fastened the doors of people’s minds to something secure and stable has become unhinged. Some thought the apotheosis of political derangement had been reached when celebrity Kathy Griffin posted a video of herself holding the bloody, severed head of Donald Trump. But that wasn’t the end of it. We may assume that as Ms. Griffin was creating her video, the artists at New York’s Public Theater were rehearsing their production of “ Julius Caesar, ” the one in which Central Park audiences watch Caesar as a blond-haired Donald Trump, who is pulled down from a podium by men in suits and assassinated with plunging knives. The news site Axios runs stories regularly about journalists who have been suspended or fired because of their unhinged postings on Twitter . After Donald Trump used a tweet to revive his long-running feud with the mayor of London amid the June 3 killings, CNN personality Reza Aslan tweeted that Mr. Trump was a “piece of s—.” Some take comfort that these displays did not go unpunished. CNN wrist-slapped Ms. Griffin by dropping her as co-host of its New Year’s Eve show with Anderson Cooper. Delta Air Lines , American Express and Bank of America withdrew their sponsorship of “Julius Caesar,” though New York City’s Democratic Comptroller Scott Stringer said their pullout “sends the wrong message.” Advertisers must wake up every morning wondering what political meteorite will hit them next. J.P. Morgan Chase pulled its ads this week from NBC News rather than be associated with Megyn Kelly’s prime-time interview with Alex Jones to discuss “controversies and conspiracies,” such as his notion that the Sandy Hook murders were a hoax. Ms. Kelly justified the interview in part on Twitter because Donald Trump appeared on Mr. Jones’s show and “our job is 2 shine a light.” Donald Trump’s election has caused psychological unhingement in much of the population. But the Trump phenomenon only accelerated forces that were plummeting in this direction before the 2016 election. Social media—a permanent marinade for the human brain—is causing a vast, mysterious transformation of how people process experience, and maybe someday a future B.F. Skinner will explain what it has done to us. Impossible to miss, though, is how jacked up emotional intensity has become in American politics. The campaign rallies of both Mr. Trump and Bernie Sanders often sat on the edge of violence. Reporters describe political town hall meetings as full of “angry” voters. Shouting down the opposition in these forums or on campus has been virtually internalized as standard behavior. Refusal to reason is the new normal. And then the unreason is euphemized as free speech. Explaining away these impulses as a routine turn of the populist political cycle is insufficient. Something more permanent is happening. I remain fascinated with the case of the 10 incoming Harvard freshmen who celebrated their achievement by posting a series of remarkably repulsive, violent photographic memes on Facebook. One said abusing children was sexually arousing; another described the hanging of a Mexican child as “piñata time.” What those no-longer Harvard students had done was create a “private” Facebook messaging board, where they somehow felt free to mock and subvert current social convention. They aren’t alone. The website Reddit, which has about 500 million monthly visitors, became known for similar “anonymous” bulletin boards on which men, for example, exchange outrageous sexual postings. We negotiate much of daily life now in tense, parallel universes: One is overflowing with individual political and social behavior that is deviant—flights from the norm—at a time when broader norms of political and social behavior are enforced with a vengeance. Today you can get shamed, sued or fired for almost any conceivable offense. In reaction, millions of people—including the president—seem to regard social media as a kind of wildlife refuge, where they can run naked against society’s dammed-up personal and political opinions. The possibilities for psychological dislocation are limitless. Kathy Griffin justified her beheaded-Trump stunt by arguing, “I’ve dealt with older white guys trying to keep me down my whole life. . . . This is a woman thing.” We know that political anger and violence can become mystical in its attraction, especially at the margin for people like political shooter James Hodgkinson. This is a good moment to dial it back. The Public Theater’s management could cancel their staged Trump assassination in Central Park. But they won’t. Like so many others with political disorder syndrome, they no longer can.

Выбор редакции
15 июня, 18:54

How to Book United Flights with American Express Membership Rewards Points

How to Book United Flights with American Express Membership Rewards Points

15 июня, 01:44

Goldman Sachs, Home Depot Lift Dow to New Highs

One day removed from the quick market correction--and after a two-day technology industry sell-off--the Dow Jones Industrial Average once again reached an all-time high. And obviously, some industry heavyweights were to thank.

14 июня, 15:57

Wall Street. Акции на премаркете

(компания / тикер / цена / изменение ($/%) / проторгованый объем) ALTRIA GROUP INC. MO 74.99 0.04(0.05%) 905 Amazon.com Inc., NASDAQ AMZN 984.1 3.31(0.34%) 38314 American Express Co AXP 80.5 -0.09(-0.11%) 2560 Apple Inc. AAPL 147.25 0.66(0.45%) 102089 AT&T Inc T 38.78 0.10(0.26%) 3845 Barrick Gold Corporation, NYSE ABX 16.6 0.27(1.65%) 76523 Boeing Co BA 191.2 0.11(0.06%) 324 Chevron Corp CVX 108.06 -0.07(-0.06%) 420 Cisco Systems Inc CSCO 31.83 0.13(0.41%) 384 Citigroup Inc., NYSE C 64.25 -0.44(-0.68%) 46244 Facebook, Inc. FB 151.03 0.35(0.23%) 64443 Ford Motor Co. F 11.3 0.03(0.27%) 2464 Freeport-McMoRan Copper & Gold Inc., NYSE FCX 12.4 0.04(0.32%) 1033 General Electric Co GE 28.55 0.10(0.35%) 30056 Goldman Sachs GS 222.65 -1.55(-0.69%) 12874 Google Inc. GOOG 955.95 2.55(0.27%) 1973 Intel Corp INTC 36 0.12(0.33%) 580 International Business Machines Co... IBM 154.17 -0.08(-0.05%) 3024 JPMorgan Chase and Co JPM 86.8 -0.47(-0.54%) 19980 Merck & Co Inc MRK 63.25 -0.02(-0.03%) 6272 Microsoft Corp MSFT 70.99 0.34(0.48%) 29990 Procter & Gamble Co PG 88.25 0.19(0.22%) 4279 Starbucks Corporation, NASDAQ SBUX 60.4 -0.52(-0.85%) 9387 Tesla Motors, Inc., NASDAQ TSLA 380.45 4.50(1.20%) 227379 The Coca-Cola Co KO 45.06 0.03(0.07%) 1514 Travelers Companies Inc TRV 125.99 -0.11(-0.09%) 100 Twitter, Inc., NYSE TWTR 17.01 0.04(0.24%) 14771 Verizon Communications Inc VZ 46.42 -0.04(-0.09%) 873 Yahoo! Inc., NASDAQ YHOO 52.5 0.50(0.96%) 140164 Yandex N.V., NASDAQ YNDX 26.07 -0.21(-0.80%) 934 Источник: FxTeam

13 июня, 12:51

Johnny Depp and Other Stars With Serious Debt Problems

Johnny Depp and these other stars might have big paychecks, but that hasn’t stopped them from developing serious debt problems.

13 июня, 04:12

Christian History Shows Why an Islamic Reformation Is Harder Than It Sounds

Joseph Loconte Politics, Europe Five hundred years after Martin Luther unleashed his jeremiad against the Catholic Church, a question has seized the attention of the West with a special urgency: can Islam undergo its own reformation? The terrorist attack on Iran’s national parliament and shrine to Ayatollah Ruhollah Khomeini; the assault on security officials in Paris; the knife-wielding attack in London; the rampage against teenage concert-goers in Manchester; the assassination of Christian pilgrims outside Cairo, Egypt; the raft of executions of civilians in Iraq; the sectarian rage fueling the Syrian Civil War—it all suggests a sickness in the soul of Islam. What is needed, many argue, is a new interpretation of sacred texts that delegitimizes the advocates of terror. Even Egyptian president Abdel Fattah el-Sisi—no champion of political liberalism—has called for “a religious revolution” to rescue Islam from those who would pervert its message. The problem with this approach is that it evades the bitter historical lessons of Luther’s disruption of medieval Christianity. For all that it accomplished, Luther’s revolution failed to transform a society that had grown accustomed to burning heretics, persecuting the heterodox and treating religious dissenters as enemies of the state. Make no mistake: Luther’s assault on the Catholic Church was, at its heart, a theological one—a debate about the authority of the Bible and the true path to spiritual salvation and peace with God. Against the dictates of popes and princes, Luther introduced a new source of authority into medieval Europe: individual conscience, guided by a fresh interpretation of scripture. “My conscience is captive to the word of God,” he declared. “I cannot and will not recant anything, for to go against conscience is neither right nor safe.” This was the most radical aspect of his revolution. Nevertheless, Luther was unable to overturn the political dogmas of European society. Perhaps the most deeply rooted belief, which is also embedded in the culture of Islam, was that religious conformity, enforced by the state, was essential to preserving order. History seemed to support this arrangement. Not long after the conversion of the emperor Constantine to Christianity in the fourth century AD, the “church of the martyrs” adopted Rome’s rough methods for maintaining social cohesion. Dissent from religious orthodoxy was criminalized throughout the empire. The institution of the Inquisition, launched in the thirteenth century, was only the latest and most severe effort to check religious divisions. “Even if my own father were a heretic,” declared Pope Paul IV, “I would gather the wood to burn him.” Remarkably, Luther initially repudiated the entire theocratic project and offered a stirring defense of freedom of conscience. “Worldly government has laws which extend no farther than to life and property and what is external upon earth. For over the soul God can and will let no one rule but Himself,” he wrote in 1523. “Therefore, where temporal power presumes to prescribe laws for the soul, it encroaches upon God’s government and only misleads and destroys the souls.” Luther’s appeal, however, fell on deaf ears, even among fellow Protestants. John Calvin’s aim in Geneva, for example, was to establish a holy commonwealth—a “new Israel”—a Protestant version of Christendom. Although he attacked Catholicism for its theology of persecution, Calvin quickly devised his own. Unorthodox teachings, viewed as both a political and spiritual threat, were outlawed. A denial of Calvin’s doctrine of predestination meant banishment. The state must “prevent the deadly poison from spreading.” Most Protestants and Catholics agreed: heresy was a threat to social peace; the safest remedy was execution. Nevertheless, Calvin's infamous role in the trial and death of Michael Servetus, condemned and burned as a heretic in 1553, shocked the conscience of some in the Protestant community. They accused the Genevan authorities of adopting the “popish” ways of the Catholic Church. Sebastian Castellio, a French theologian and humanist, broke with Calvin over the issue and initiated one of the first debates over religious toleration in Europe. “I do not see how we can retain the name of Christian,” Castellio argued, “if we do not imitate His clemency and mercy.” Calvin did not yield an inch. The die was cast. Like their Catholic antagonists, most Protestants viewed the political and religious realms as part of an unbroken spiritual unity. For all their theological innovation, they never imagined that the church could achieve its religious mission without the coercive arm of the state. The result, of course, was a series of religious wars in the sixteenth and seventeenth centuries that devastated the social fabric of Europe. Only after this cataclysm were European leaders prepared for a second reformation: a separation of church and state that would enshrine religious freedom as a natural and inalienable right. Like Luther’s campaign, this one also originated from within the Christian community. Roger Williams, William Penn, Pierre Bayle, John Locke—virtually all of the early defenders of freedom of conscience considered the teachings of Jesus their moral lodestar. All appealed to scripture to imagine a new kind of commonwealth: a pluralistic society that guaranteed equal justice under the law, regardless of religious belief. Still, it would take the European enlightenment—especially its American expression—to actualize this political vision. With Europe’s religious wars in mind, James Madison, the principal author of the First Amendment, insisted on a clean break from the theocratic past. “Religion or the duty which we owe to our Creator and the manner of discharging it,” he wrote in 1785, “can be directed only by reason and conviction, not by force or violence.” It is no small thing that Madison also praised “the genius and courage of Luther,” who helped the West to understand “what is due to Caesar and what is due to God.” Modern Islam is already undergoing something akin to Europe’s wars of religion. Its reformations—religious and political—are long overdue. Joseph Loconte is an associate professor of history at the King’s College in New York City and the author of God, Locke, and Liberty: The Struggle for Religious Freedom in the West. Image: Stained-glass window depicting Martin Luther and John Calvin. © Hartmann Linge, Wikimedia Commons, CC-by-sa 3.0

13 июня, 00:06

Visa Versus American Express: Which Stock Is More Lucrative?

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12 июня, 20:01

Uproar Over Trumped-Up 'Julius Caesar' Ignores The Play's Actual Meaning

A 400-year-old play by an underground playwright named William Shakespeare is making headlines this week after The Public Theater’s recent production of “Julius Caesar” angered some viewers (and hence corporate sponsors) by portraying the Roman ruler with a curious likeness to President Donald Trump. Spoiler alert: The Trump-Caesar resemblance is causing tension because, as any Shakespeare or “Mean Girls” devotee knows, Caesar is assassinated in the course of the play. Or, as Fox & Friends reported, “President Trump [is] brutally stabbed to death by women and minorities.”  Of course, Shakespeare did not pen his bloody death sequence with Trump in mind. Nevertheless, artistic director Oskar Eustis’ decision to stage the killing of a mercurial, blonde-haired ruler in an ill-fitting suit and too-long red tie has drawn criticism from some viewers, various right-wing media outlets and Donald Trump Jr. I wonder how much of this "art" is funded by taxpayers? Serious question, when does "art" become political speech & does that change things? https://t.co/JfOmLLBJCn— Donald Trump Jr. (@DonaldJTrumpJr) June 11, 2017 Delta Airlines and Bank of America responded to the firestorm by withdrawing financial support from the production, which is currently running at Central Park’s Delacorte Theater as part of New York’s famed Shakespeare in the Park festival. Delta released a statement condemning the performance’s “graphic staging,” describing the show’s artistic and creative direction as having “crossed the line on the standards of good taste.” A spokeswoman for Bank of America similarly lamented that “The Public Theater chose to present ‘Julius Caesar’ in a way that was intended to provoke and offend.” American Express also tweeted that the company does not “condone the interpretation of the Julius Caesar play” despite its continued sponsorship of The Public Theater’s other endeavors. As corporations severed ties to the show, theater buffs and high school English honors students were quick to call out the absurdity of the denunciations ― not only because of a little thing called freedom of speech, but because many don’t quite seem to recall what the whole message of “Julius Caesar” actually is.  THE ENTIRE GODDAMN PLAY IS ABOUT ASSASSINATION BEING A TOTAL DISASTER! THE PATH TO RUIN!!! Read a book for the love of God.— Christopher Hayes (@chrislhayes) June 12, 2017 Yes, Eustis’ production of “Julius Caesar” features, in no subtle terms, a Trumpian ruler being stabbed to death by senators, ostensibly, for the good of their nation. But the remainder of the play hashes out how this decision to off a tyrannical ruler in such an undemocratic manner yields nothing but disaster.  As New York Times’ Jesse Green wrote in his review of the show: “Even a cursory reading of the play, the kind that many American teenagers give it in high school, is enough to show that it does not advocate assassination. Shakespeare portrays the killing of Caesar by seven of his fellow senators as an unmitigated disaster for Rome, no matter how patriotic the intentions.” For those whose memories have faded a bit since 11th grade, a brief refresher: “Julius Caesar” tells the tale of a demagogue ruling the Roman republic in 44 B.C. A conspiracy grows against the ruler, a man senators feel has grown tyrannical and threatens the future of the nation. In the famed Act 3, Scene 1, Caesar is killed by his fellow statesmen, allegedly, for the good of the state.  Yet the decision to kill Caesar ends up shattering Rome’s democracy, rather than saving it. The play, then, warns viewers against violent reactions to despotic rule. As Eustis wrote in a note regarding the show: “’Julius Caesar’ can be read as a warning parable to those who try to fight for democracy by undemocratic means. To fight the tyrant does not mean imitating him.” To suggest the production advocates for or excuses violence in any way is just false. If anything, the play suggests the very opposite, advising against the power-hungriness both Caesar and his opponents embody. If the advice is not heeded, as Gregg Henry, the actor playing Caesar at The Public, warned cheekily in an interview with Backstage: “You can end up losing democracy for like, 2,000 years.” For some viewers, however, the message of Shakespeare’s words has faded into the background, overshadowed by the visceral power of a Trump-like actor’s white shirt stained with fake blood making its rounds across social media. One named Laura Shaeffer expressed her disgust in an interview with Mediaite. “To be honest I thought it was shocking and distasteful,” she said. “If this had happened to any other president — even as recently as Barack Obama or George W. Bush — it would not have flown. People would have been horrified.” Fair enough, except past productions have featured Caesar in the guise of both presidents listed above, among others. Presidents portrayed as Julius Caesar in U.S. productions: Lincoln, Reagan, Clinton, GWB, Obama, Trump. (Caesar died in all of them.)— Timothy Burke (@bubbaprog) June 12, 2017 In a 2013 review of “Julius Caesar” at Minneapolis St. Paul’s Guthrie Theater, a critic for Mpls St Paul Magazine described the value of casting Caesar as a “tall, lanky black man,” despite the resemblance being “too obvious.” “Like Caesar, Obama rose to power on a tide of public goodwill,” the piece reads, “like Caesar, there were many in government who doubted Obama’s leadership abilities; and now that Obama’s first term has failed to live up to the messianic hype, there are plenty of people who — for the good of the country, you understand, not their own glory — want to take Obama down.” So, this whole cast-a-Shakespearian-tale-in-modern-day-light thing is nothing new. It’s actually, a centuries-old practice. And Trump isn’t being forced to endure anything to which previous American presidents haven’t already been subjected. For eons, political leaders have been accused of greed, egotism and a lust for power. Democracy, as a result, can feel fragile ― if not under siege. Art exists in times like these to illuminate the patterns between past and present while untangling the particulars that distinguish each. It can stir provocation, yes, but also reflection, dissent and enlightenment.  The theater is often viewed as a space for pushing boundaries and critical thinking. In this production, despite the bloodshed onstage, no real person leaves wounded or endangered; audiences are not encouraged to wreck havoc on any American politician. (In fact, quite the opposite.) To suggest the staging of one of the most esteemed dramas of all time is “political speech” targeted directly and uniquely at Trump not only ignores the play’s message, but its history, too.   As one seemingly incredulous viewer said in a video interview with Inside Edition: “It’s not really the president, it’s theater. Everyone knows it’s theater.”  Have plans to see "Julius Caesar" (Shakespeare-in-the-Park) in thrilled defiance of ignorant would-be censors (Faux News, Delta airlines).— Joyce Carol Oates (@JoyceCarolOates) June 12, 2017 Julius Caesar is slated to run at Central Park’s Delacorte Theater until June 18 as part of New York’s Shakespeare in the Park festival. Tickets are free. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

12 июня, 16:30

The Zacks Analyst Blog Highlights: American Express, Las Vegas Sands, Aetna, Yahoo and Baker Hughes

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12 июня, 06:24

Некоммерческий театр в Нью-Йорке остался без спонсоров после убийства "Трампа"

Авиакомпания Delta Airlines и Bank of America (Банк Америки) решили отказаться от спонсорства Нью-Йоркского общественного театра после того, как его коллектив представил современную постановку трагедии Шекспира "Юлий Цезарь". Спектакль рассказывает историю Цезаря, которого древнеримские сенаторы убили из-за того, что тот становится слишком деспотичным. Однако, в отличие от оригинальной постановки, древнеримский император предстаёт рослым мужчиной в деловом костюме со значком в виде флага США. У него также характерные светлые волосы. Смерть главного героя происходит в конце постановки: на сцене его убивают ножами женщина и представители меньшинств. Супруга Цезаря отличается тем, что носит дизайнерскую одежду и говорит с ощутимым славянским акцентом. Как отмечает Daily News, главные герои обладают "глазами и чертами Дональда Трампа и его жены Меланьи". Delta Airlines вместе с Bank of America и компанией American Express являются основными спонсорами некоммерческого общественного театра. В компании заявили, что "художественное руководство театра перешло границу хорошего вкуса".

10 июня, 20:58

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09 июня, 20:15

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06 июня, 11:37

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03 июня, 00:03

American Express (AXP) Gains Exclusive Card Deal for Hilton

American Express Co. (AXP) has won exclusive rights as a credit card issuer for Hilton Worldwide Holdings Inc.

02 июня, 15:47

Wall Street. Акции на премаркете

(компания / тикер / цена / изменение ($/%) / проторгованый объем) ALCOA INC. AA 32.8 -0.14(-0.43%) 2201 ALTRIA GROUP INC. MO 75.42 0.02(0.03%) 1440 Amazon.com Inc., NASDAQ AMZN 997.53 1.58(0.16%) 18605 American Express Co AXP 78.05 -0.23(-0.29%) 801 Apple Inc. AAPL 153.55 0.37(0.24%) 65260 AT&T Inc T 38.92 0.05(0.13%) 8422 Barrick Gold Corporation, NYSE ABX 16.46 0.22(1.35%) 79616 Caterpillar Inc CAT 105.45 -0.20(-0.19%) 255 Cisco Systems Inc CSCO 31.85 0.03(0.09%) 3309 Citigroup Inc., NYSE C 60.45 -0.63(-1.03%) 45227 Deere & Company, NYSE DE 125.4 0.70(0.56%) 4316 Exxon Mobil Corp XOM 80.5 -0.20(-0.25%) 3855 Facebook, Inc. FB 151.55 0.02(0.01%) 32209 Freeport-McMoRan Copper & Gold Inc., NYSE FCX 11.39 -0.06(-0.52%) 83470 General Electric Co GE 27.8 0.08(0.29%) 16611 General Motors Company, NYSE GM 34.49 0.06(0.17%) 6852 Goldman Sachs GS 213.45 -1.56(-0.73%) 13861 Google Inc. GOOG 969.45 2.50(0.26%) 3562 Home Depot Inc HD 155.5 0.35(0.23%) 2805 Intel Corp INTC 36.2 0.08(0.22%) 3238 International Business Machines Co... IBM 153 0.33(0.22%) 2033 Johnson & Johnson JNJ 128.99 0.21(0.16%) 280 JPMorgan Chase and Co JPM 82.16 -0.90(-1.08%) 34333 McDonald's Corp MCD 152.43 0.04(0.03%) 3309 Microsoft Corp MSFT 70.25 0.15(0.21%) 2026 Nike NKE 52.49 0.19(0.36%) 559 Pfizer Inc PFE 32.9 0.19(0.58%) 265 Procter & Gamble Co PG 88.39 0.26(0.30%) 3052 Starbucks Corporation, NASDAQ SBUX 63.8 0.05(0.08%) 2952 Tesla Motors, Inc., NASDAQ TSLA 341.28 0.91(0.27%) 48812 Twitter, Inc., NYSE TWTR 18.54 0.01(0.05%) 71525 Wal-Mart Stores Inc WMT 79.8 -0.01(-0.01%) 3195 Walt Disney Co DIS 108.3 0.09(0.08%) 742 Yahoo! Inc., NASDAQ YHOO 50.74 0.09(0.18%) 445 Yandex N.V., NASDAQ YNDX 26.89 -0.20(-0.74%) 4225 Источник: FxTeam

02 июня, 01:05

Global Payments to Provide Android Pay Service in Canada

Global Payments Inc. (GPN) has announced that it will provide its merchants the facility to pay via Android Pay in Canada.

01 июня, 15:55

Wall Street. Акции на премаркете

(компания / тикер / цена / изменение ($/%) / проторгованый объем) 3M Co MMM 204.7 0.23(0.11%) 1189 ALTRIA GROUP INC. MO 75.42 -0.02(-0.03%) 36204 Amazon.com Inc., NASDAQ AMZN 996.85 2.23(0.22%) 11777 American Express Co AXP 77.18 0.24(0.31%) 13548 Apple Inc. AAPL 153.2 0.44(0.29%) 72008 AT&T Inc T 38.61 0.08(0.21%) 65157 Barrick Gold Corporation, NYSE ABX 16.42 -0.12(-0.73%) 38493 Caterpillar Inc CAT 105.76 0.33(0.31%) 6753 Citigroup Inc., NYSE C 60.89 0.35(0.58%) 19309 Deere & Company, NYSE DE 125.5 3.04(2.48%) 134362 Exxon Mobil Corp XOM 80.69 0.19(0.24%) 25635 Facebook, Inc. FB 151.81 0.35(0.23%) 36721 Ford Motor Co. F 11.16 0.04(0.36%) 32890 General Electric Co GE 27.47 0.09(0.33%) 49259 General Motors Company, NYSE GM 33.99 0.06(0.18%) 22008 Goldman Sachs GS 212.15 0.89(0.42%) 7136 Intel Corp INTC 36.2 0.09(0.25%) 47219 International Business Machines Co... IBM 152.51 -0.12(-0.08%) 5029 JPMorgan Chase and Co JPM 82.65 0.50(0.61%) 62134 McDonald's Corp MCD 150.3 0.35(0.23%) 1248 Microsoft Corp MSFT 70.24 0.40(0.57%) 40349 Nike NKE 52.72 -0.09(-0.17%) 2779 Tesla Motors, Inc., NASDAQ TSLA 342.65 1.64(0.48%) 52343 Twitter, Inc., NYSE TWTR 18.31 -0.01(-0.05%) 13735 Visa V 95.48 0.25(0.26%) 4806 Yahoo! Inc., NASDAQ YHOO 50.4 0.08(0.16%) 4115 Yandex N.V., NASDAQ YNDX 26.37 -0.11(-0.42%) 3572 Источник: FxTeam

01 июня, 15:45

Новости компаний: компания American Express (AXP) подтвердила прогноз прибыли на 2017 финансовый год

В компании American Express (AXP) подтвердили, что по итогам 2017 финансового года (ФГ) ожидает получить прибыль на уровне $5.60-5.80 в расчете на акцию, тогда как средний прогноз аналитиков предполагает $5.69. Акции AXP на премаркете выросли до уровня $77.18 (+0.31%). Источник: FxTeam

29 марта 2013, 11:03

Хакеры атаковали сайты American Express и Bank of America

Клиенты American Express в течение нескольких часов не могли получить доступ к своим онлайн-счетам, пишет The New York Times. В финансовой компании изданию подтвердили, что ее веб-сайт подвергся кибератаке. Агентство ИТАР-ТАСС со ссылкой на местные СМИ сообщает, что хакеры атаковали также сайт Bank of America. Сейчас веб-ресурсы работают в нормальном режиме. По данным NYT, мощные атаки на финансовые компании США начались в сентябре прошлого года и стоили корпорациям миллионы долларов. От действий хакеров уже пострадали JPMorgan Chase и Wells Fargo. Ответственность за эти нападения взяла на себя группа Izz ad-Din al-Qassam Cyber Fighters. Эксперты отмечают, что ранее кибератаки были направлены на финансовое мошенничество или экономический шпионаж, а теперь целью хакеров стало нарушение работы сайтов.

11 января 2013, 19:48

5400 сотрудников AmEx потеряют работу

http://ru.euronews.com/ American Express уволит 5400 сотрудников или 8,5% персонала в США и других странах. Американская платежная система адоптируется к ухудшению экономической ситуации в мире и цифровой революции - по мере развития интернет-сервисов компания может снижать затраты на рабочую силу. American Express уже вычел издержки, связанные с увольнениями, в результате прибыль за четвертый квартал прошлого года сократилась вдвое до 637 млн. долларов. Ñ�оциальные Ñ�ети : YouTube: http://bit.ly/zqVL10 Facebook: http://www.facebook.com/euronewsru Twitter: http://twitter.com/euronewsru