Today, the Office of Economic Policy at the Treasury Department released the fourth in a series of briefs exploring the economic security of American households. This brief focuses on the economic security of older women. In this brief, we ask: Are older women at greater risk of poverty or being unable to manage their expenses than other populations? Are there specific groups of women at risk? What are the implications for policy? Compared with men, we find that elderly women are much more likely to be economically insecure. We attribute this finding to a variety of factors. Women live longer than men, meaning they have to finance a longer retirement and that they are more likely to reach an age in which they must finance disability costs. In addition, women tend to have lower lifetime earnings than men. Finally, women are more likely than men to live alone and thus are less likely to live with someone with whom to share economic risks. In this brief, we assess economic insecurity in a number of ways but focus on two measures: the poverty rate and the “overextended” rate—the share of the population whose spending exceeds what it can afford based on its income and annuitized wealth. We view this latter measure as reflecting economic insecurity, because elderly women who are overextended and on fixed incomes must reduce spending to live within their means. For women with low levels of consumption, this could entail cutting back on necessities like food and medicine. Comparing different measures of economic security, we find that the overextended share of the female population is 29 percent, far higher than the poverty rate of 12 percent. The implication is that economic insecurity is broader than the poverty rate implies. We find that single women are far more economically insecure on all measures than married women and that widowhood dramatically increases the likelihood of becoming insecure relative to remaining married. Widowhood is associated with a large loss in income and wealth; and while widows experience a large drop in household spending at widowhood, they continue to cut spending at rates faster than single women and married households. We also find that disability is associated with economic insecurity. The median disabled woman’s household assets (including non-liquid assets like housing) are sufficient only to finance six months in a nursing home, and the median disabled woman’s household has financial wealth sufficient to cover less than half a month of nursing home expenses. Women who remain married throughout their elderly years, on the other hand, do not experience high rates of economic insecurity. And holding constant marital status and disability status, we do not observe sharp increases in economic insecurity as women age. Notably, even though the poverty rate rises for women as they age, the overextended rate falls as women rely more on wealth to support themselves. All told, our findings suggest that public policy should focus on specific risks associated with aging, particularly living alone and living with a disability. We note that married couples might benefit from shifting more of their wealth from periods in which both spouses are alive to periods in which only one spouse is alive. Such an outcome could be accomplished in the private sector with greater use of financial products with survivor benefits. Experts have also suggested ways that public policy could help address the challenge, such as by restructuring Social Security to increase survivor benefits. Looking at disability, we note that while Medicaid and private long-term care insurance provide protection for some households, there is still a large unmet need that is apparent when looking at the economic security risks posed by disability. Karen Dynan is the Assistant Secretary of Economic Policy at the Department of the Treasury.
40% of American adults are obese, a sharp increase from a decade earlier and a record high. according to federal health officials. A National Health and Nutrition Examination Survey (NHANES) sampling of 27,449 adults with a BMI between 30 and 40 found that among those aged 20 years and older, obesity went from 33.7% in 2007-2008 to 39.6% in 2015-2016. Severe obesity - those with a BMI above 40, jumped from 5.7% to 7.7% over the same period. The increase in obesity among the 16,875 youth sampled was much lower, going from 16.8% a decade ago to 18.5% in 2015-2016. Still pretty bad. For reference, this kid was considered fat in 1985... National trends The CDC has prepared handy list of statistics as well as maps of average obesity by state, as well as by race. In a nutshell, the south is a hotbed of obesity. Of note: Obesity decreased by level of education. Adults without a high school degree or equivalent had the highest self-reported obesity Young adults were half as likely to have obesity as middle-aged adults. Obesity Prevalence in 2016 Varies Across States and Territories All states had more than 20% of adults with obesity. 35% or more adults had obesity in 5 states (Alabama, Arkansas, Louisiana, Mississippi, and West Virginia). The South had the highest prevalence of obesity (32.0%), followed by the Midwest (31.4%), the Northeast (26.9%), and the West (26.0%). Overall: White adults: Black adults Hispanic adults Public health experts said that they were alarmed by the continuing rise in obesity among adults and by the fact that efforts to educate people about the health risks of a poor diet do not seem to be working. -Miami Herald “Most people know that being overweight or obese is unhealthy, and if you eat too much that contributes to being overweight,” says Dr. James Krieger, clinical professor of medicine at the University of Washington and executive director of the advocacy group Healthy Food America. “But just telling people there’s a problem doesn’t solve it.” Unfortunately, as The Herald notes, the recent reports on American "greatness" comes at a time when the food industry's pushback against nutritional labeling was answered by a Trump administration proposal during recent NAFTA negotiations which would limit the ability for the U.S., Mexico and Canada to require prominent labels warning of health risks. So transparency over nutrition looks to be shrinking... Meanwhile, here's a 2011 map of states in which U.S. adults are meeting aerobic and muscle-strengthening guidelines, courtesy of the CDC. And as The Herald also notes, Americans are cramming their craws with more fast food than ever... While the latest survey data do not explain why Americans continue to get heavier, nutritionists and other experts cite lifestyle, genetics and, most importantly, a poor diet as factors. U.S. fast-food sales rose 22.7 percent from 2012-2017, according to Euromonitor, while packaged-food sales rose 8.8 percent. -Miami Herald In other words, Novo Nordisk is probably going to sell a lot of insulin in the coming decades, notwithstanding the development of a lab-grown pancreas or similar scientific breakthroughs.
One week ago, JPMorgan - which at the start of March warned that based on the recent "erratic behavior of retail investors" the idea that retail investors will serve as the marginal buyer of equities in the current environment was in jeopardy - found some solace in that week's record equity ETF inflows of over $40 billion, which suggested to the bank that retail investors are once again the "marginal buyer of equities" even as institutional investors continued to quietly sell their equity holdings. However, being a fickle, momentum-chasing bunch, it did not take long for mom and pop retail investor to pull a 180 and for record inflows to turn into near-record outflows, because as we reported yesterday using the latest EPFR data, last week saw $20 billion in equity fund outflows, the second highest on record, and only smaller compared to the record outflows observed in the February 5 VIXplosion week when countless retail vol-sellers were crucified instantly when XIV experienced an "acceleration event." Meanwhile, more ominously, JPM had noted that no matter what retail investors did, institutions appeared to have no interest in re-entering the market, on the contrary, they appeared to be quietly liquidating to retail investors, a trend which incidentally started around the time of the last market peak in 2007, and hasn't changed since. Well, it's only logical that if institutions didn't like the market last week when it was levitating on no volume back to all time high, then they certainly would not like it this week, when the Dow Jones reentered a correction, down over 10% from the January 26 high. And, as JPM's NIck Panigirtzoglou wrote late on Friday in his latest "Flows and Liquidity" report, "Institutional investors continued to act as a drag for the equity market and if anything they appear to have turned even more cautious over the past week." This is shown in the table below which lays out the equity beta for various institutional investors, from Equity L/S, to Macro, to CTA, to risk parity and concludes with balanced (60/40 equity bond) mutual funds. The table shows that all betas declined in the most recent period between March 13th to March 21st, indicating ongoing equity unwinds and deleveraging. More notably, Risk Parity funds saw a sharp decline in their beta over the past week in response to the rise in volatility, while both Macro and CTA funds now appear to have taken an outright net short position as their betas turned negative in the last week. Here JPMorgan asks what has made institutional investors so cautious over the past month, and responds that "there are three main reasons cited by clients in our conversations": Macro forces have turned less supportive. The cyclical momentum of the global economy appears to be downshifting as suggested by this week’s flash PMIs. And an apparent escalation of trade wars is increasing macro downside risks. Institutional investors think upward momentum in equity markets appears broken. As a result, chasing long-term equity momentum no longer looks as attractive as an investment strategy. Equity valuations are still frothy, and therefore the 9% correction so far since the Jan 26th peak appears not enough to trigger “buy the dip” flows. Whatever the reasons for this stubbornly cautious stance by institutional investors, Panigirtzoglou warns that it is emerging as a headwind for equity markets. Here JPM's flows expert picks up where JPM's chief technical analyst, Jason Hunter, left off yesterday, when as a reminder Hunter cautioned that should the S&P slide below 2,610, that clients should reduce exposure to the S&P (the S&P closed Friday at 2,588, just above the 200DMA of 2,585). So what happens next according? According to the JPM strategist "the biggest near-term risk for equity markets is a breach of the lows we saw on Thursday, Feb 8th" and adds that "anecdotally, during that Thursday, fundamental equity investors came close to capitulation, so revisiting these lows raises the risk of capitulation, in our view, and thus of a more serious correction beyond the 10% decline seen between January 26th and February 8th." As the chart below shows, we are nearly there. What about retail investors: could they again step in and provide an offset to the "cautious" stance of institutional investors? Unlikely: according to JPM, when looking through the volatility of weekly equity ETF flows, the big picture is that following an interruption in February, retail investors have resumed their equity ETF buying in March. However as we noted up top, March’s buying pace is not only increasingly extreme in both directions, but also "looks too weak to propel the equity market, especially compared to previous months before the February correction" according to JPM. As such, with both institutions and retail investors out, and corporate bond yields jumping making buybacks increasingly expensive, suddenly the question of who will buy as everyone else sells has no satisfactory answer. To summarize, JPM is becoming increasingly worried that "the stubbornly cautious stance by institutional investors is emerging as an important headwind for equity markets in the near term", and what's worse, should the S&P drop another 1-2%, and take out not only the 200DMA but also the early Feb lows, it looks virtually certain that institutions, which refused to liquidate during the vol explosion last month, will not show similar patience this time around.
"It could never happen again..." is the constant refrain of the asset-gatherers and commission-takers around the world as they prepare to defend their livelihoods from yet another delusion-clarifying plunge back to reality for stock prices. Well, after this week's bloodbathery - and tearing down of the social-media-will-remake-the-global-economy narrative - many are starting to recognize that all is not well... and perhaps, just perhaps, the support pillars of this flimsy potemkin village we call 'the stock market' have already crumbled... Dollar funding markets are extremely stressed and The Fed's balance sheet contraction (and its implicit tightening of liquidity) is not helping... Gluskin Sheff's David Rosenberg has been very vocal about his fears that market participants are blindly ignoring the similarities - fundamentally, geopolitically, and technically - to 1987. He previously tweeted..."Hmmm. Let's see. Tariffs. Sharp bond selloff. Weak dollar policy. Massive twin deficits. New Fed Chairman. Cyclical inflationary pressures. Overvalued stock markets. Heightened volatility. Sounds eerily familiar (from someone who started his career on October 19th, 1987!)." Hmmm. Let's see. Tariffs. Sharp bond selloff. Weak dollar policy. Massive twin deficits. New Fed Chairman. Cyclical inflationary pressures. Overvalued stock markets. Heightened volatility. Sounds eerily familiar (from someone who started his career on October 19th, 1987!). — David Rosenberg (@EconguyRosie) March 1, 2018 And in his latest tweet, Rosie warns..."It was Black Friday before Black Monday." Suggesting investors "Look at this memorable clip from the legendary Louis Rukeyser’s Wall Street Week from October 16, 1987. Focus on what Marty Zweig had to say, and pour yourself a strong one as you do!" Marty starts around 6 minutes in... David may be on to something... "you are here"... All of which confirms our recent note that JPM continues to view 1987 as an important analog for 2018, "as we anticipated a similar cross-market dynamic heading into the year whereby interest rate and curve volatility could be a primary driver for volatility in the equity market." To underscore this, the technician notes a surprising similarity namely that to date, the 2018 pullback has traced out a similar trajectory as both the Apr-May and Aug-Oct 1987 corrections: "In 1987, both correction periods traced out a remarkably similar path up until about day 35 from the peak. In the Apr-May period, the S&P 500 had established a well-defined range support zone with the initial pullback. The market had gone on to retest and hold that support in late May ahead of a powerful 20%+ rally to the Aug peak. The initial drop from that peak into Sep 1987 established range support in Sep, just as the market did in spring. Except the mid-Oct retest of that support failed to hold." In other words, in 1987 it was roughly 40 days past the prior peak that the S&P decided whether to keep going higher, or crash. If indeed the current market is an analog, the S&P faces a similar choice now. Some further observations from JPM: We suspect that a confluence of stop orders through that support and the 10% peak to trough correction threshold triggered or at least contributed to the market dynamic that defined the three-day crash event. It is also worth noting that the aggressive trend to higher Treasury yields and curve steepening reinforced the equity weakness until the May and Oct 1987 bottoms. Even during the brief crash episode, the trend to higher rates reinforced equity weakness up until the last day of the meltdown. As far as that cross-market driver goes, the aggressive trend to higher yields and early-2018 curve steepening moves have in part reversed, so we see a low probability that the equity weakness resumes with the same momentum it had in early Feb. Unless, of course, it does... which is why JPM urges to keep a very close eye on which way the S&P will break next. And while another ramp higher obviously removes the risk of another "1987" event, a move below the 2,610-2,637 support confluence would leave the market susceptible to a retest of the key support in the 2,500s that held in Feb, according to JPM. Hunter's recommendation: "we suggest at least partially reducing the new long exposure accumulated during the Feb turn and on the early-Mar pullback if the market breaks below 2,610." The 200- day MA has risen to 2,585, which sits just above the 2,541-2,557 Oct-Nov 2017 range lows and 2,533 Feb 15 trough. That area also roughly lines up with the 10% peak to trough threshold, an area that marked a floor for the majority of late-cycle drawdowns. Even if further weakness materializes, we think the market will hold that area, but would wait for a reversal pattern to set up before suggesting re-entering any long exposure reduced on the break below 2,610. Longer-term support rests at the 2,463 Jan-Mar equal swings objective, 2,417 Aug 2017 low, and 2,400, which marked a key inflection in 2017 – first as resistance and then support. All this is summarized in the chart below:
The talented 20-year-old, whose godfather was Jules Bianchi, is determined to make a flying start on his emotional Formula One debut in MelbourneWhen the lights go out at Albert Park to usher in the new Formula One season on Sunday morning, performances at the sharp end of the grid will be under intense scrutiny. For Lewis Hamilton and Sebastian Vettel, the Australian Grand Prix is a long-standing return to the day job, but for Charles Leclerc the race is heavy with import, personal and professional. Related: Charles Leclerc tipped to be next shooting star of F1 | Giles Richards Continue reading...
No wonder Trump is threatening a veto—Democrats are getting most of what they wanted.
It's time for JPMorgan to start worrying again that retail investors are no longer buying the fucking dip (as it did three weeks ago). Just one week after Bank of America was "stunned" by record inflows into equities, this week everything went in reverse, following the latest Facebook-inspired sharp drop in stocks which brought the market back to the verge of a correction. The result was a "huge" $19.9 billion equity outflows, with the $18.6 billion in ETF outflows the second highest ever according to BofA. The redemption follows record inflows of $43.3BN last week, and huge $151.7BN in YTD. Predictably, the US was the focus of outflows, with $24.9BN in redemptions from US-based funds, the 2nd largest ever. And while more modest outflows continued from Europe ($1.5bn), investors continued to allocated capital to Japan, which has had inflows for 16 straight weeks, as well as EM, which saw another $2.0bn in inflows. Broken down by style, the target of outflows was US large cap, which suffered $18.3bn in outflows, and US value ($7.2bn outflows), as well as US growth ($3.4bn), US small cap ($2.2bn), as hit with near record outflows just one week after record inflows. Meanwhile, on a sector basis, tech once again saw inflows despite the crash in Facebook, although at only $0.5bn this may be on the verge of a historic inversion. Inflows were also observed in utilities ($0.4bn), consumer ($0.3bn), real estate ($0.2bn), and materials ($0.001bn), while healthcare ($0.2bn), energy ($0.3bn), and financials ($0.9bn) were hit by outflows. And while investors fled equities, they rushed into "risk off" safe havens, with $1.5bn inflows to gold, $1.8bn into bonds. Of note, with equity investors suddenly getting cold feet, gold is reemerging as one of the favorite asset classes. It wasn't all flight to safe havens, though, because according to the fund flow data, it's time to worry about credit and especially high yield, because as BofA's Michael Hartnett writes, "credit is cracking” after the 10th straight week of HY bond fund outflows - the longest streak since 2007 - as another $1.6BN was pulled; alongside slowing $1.4bn inflows to IG bonds (worst start for US IG returns since 1994), all amid investor concerns of excess leverage highest since 2010. Even junk ETFs - the preferred investment instrument by retail - have barely seen any positive weeks this year, Commenting on the rising tide of junk bond outflows, Bloomberg warns that the positive momentum in Europe’s high-yield primary market this month may be short lived, as two weeks after the window for issuance opened, and 7.1 billion euros ($8.7 billion) of new issues later, persistent fund outflows seem set to slow sales as a looming trade war weighs on the market. Investor outflows are “probably the biggest concern” in the European high-yield market, Armin Peter, global head of DCM syndicate at UBS Ltd, said at a briefing event on Wednesday. To this, BofA adds that European junk bond funds have suffered 19 straight weeks of investor redemptions, while February was the biggest month of outflows for high-yield funds since June 2013, the note said. A JPMorgan note on March 16 said cumulative outflows for junk is now at €3.4 billion so far this year. This is starting to hit the primary market: this week TUI AG will not be pricing a planned bond issue, saying timing was subject to market conditions, while an entity within the Virgin Media Group sold receivables notes at the wide end of price talk. The weak appetite for the Virgin Media notes was likely indicative of the effect of outflows, because most investors who like the bonds are “pretty full,” said Azhar Hussain, head of global high yield at Royal London Asset Management. Yields in the market are “too low for the risk” involved, according to Ville Talasmaki, head of credit investments at Sampo Oyj. “To me, a high yield bond is a low yield bond with high risk.” Talasmaki said he has been reducing his exposure by not re-investing when bonds mature and by selling some notes, he said - though in some cases he has bought “very selectively” in primary. And just to demonstrate his thesis that "credit is cracking", BofA's Michael Hartnett shows the following chart which shows the sharp slowdown in relative flows for HY vs IG.
The incident comes on the heel of a sharp uptick in far-right violence targeting refugees, migrants, Muslims and others.
Fusion (FSNN) shares rose nearly 15% in the last trading session, amid huge volumes.
MGP Ingredients (MGPI) was a big mover last session, as the company saw its shares rise more than 6% on the day amid huge volumes.
MADRID (Reuters) - Twenty-five Catalan leaders will be tried for rebellion, embezzlement or disobeying the state, Spain's Supreme Court ruled on Friday, in a sharp escalation of legal action against separatists in the northeastern region.
On Thursday, the California Governor’s Office of Emergency Services (Cal OES) will accompany the California National Guard’s Homeland Response Force (HRF) and the 95th Civil Support Team, along with FEMA Urban Search & Rescue Forces, CAL Fire, FBI, Department of Energy Radiation Assistance Team 7, and several other emergency response agencies for a “terrorism and active shooter response exercise at Sleep Train Arena in Sacramento and Sonoma Raceway,” said California Guard Deputy Director of Public Affairs. “It is only through regular, realistic training alongside our partner agencies that we keep our skills sharp and response times low,” said Maj. Gen. David S. Baldwin, Adjutant General for the California National Guard. “These exercises establish the relationships and interagency coordination that is fundamental to an effective response during emergency incidents.” With the magnitude of this terror drill, the public should expect: The training scenario involves a series of simultaneous terrorist attacks across Northern California following a 6.5-magnitude earthquake. The attacks include simulated improvised explosive devices (IED), the detonation of a simulated radiation-dispersal device (RDD) and firearms. Sleep Train Arena will serve as the training site for IED and RDD response, while Sonoma Raceway will be the site for active shooter response training. Hundreds of emergency-response personnel, vehicles, and aircraft are expected to participate. Read Full Release: “First Responder Exercise @ #SleepTrainArena THUR.3/22. Very Realistic but don’t worry. Only an exercise. Fire trucks, Helicopters, Ambulances, “Victims” (Actors) & Media. We’re just training to serve YOU,” said California Governor’s Office of Emergency Services’ Twitter account. First Responder Exercise @ #SleepTrainArena THUR.3/22. Very Realistic but don’t worry. Only an exercise. Fire trucks, Helicopters, Ambulances, “Victims” (Actors) & Media. We’re just training to serve YOU better! #ArenaExercise #SentinelResponse @SacPolice @theCaGuard @SacFirePIO pic.twitter.com/PyUi3WPqrn — Cal OES (@Cal_OES) March 21, 2018 “TOMORROW: A reminder to the public and media that the Cal Guard, @Cal_OES, and several other emergency-response agencies will conduct a full-scale first responder exercise tomorrow/Thursday inside and outside @SleepTrainArena,” said the Official California National Guard’s Twitter account. TOMORROW: A reminder to the public and media that the Cal Guard, @Cal_OES, and several other emergency-response agencies will conduct a full-scale first responder exercise tomorrow/Thursday inside and outside @SleepTrainArena. pic.twitter.com/S4c6hJtt94 — CaliforniaGuard (@theCaGuard) March 22, 2018 “Sacramento-area residents will see a large number of military and first responder vehicles and aircraft in the area starting early tomorrow morning and running through Friday morning. No need to be alarmed, just a preparedness drill,” said Sacramento Fire Department. Sacramento-area residents will see a large number of military and first responder vehicles and aircraft in the area starting early tomorrow morning and running through Friday morning. No need to be alarmed, just a preparedness drill. https://t.co/Gxdbra0HdG — Sacramento Fire (@SacFirePIO) March 21, 2018 According to CBS Sacramento, first responders and the United States Armed Forces will simulate a “disaster drill” and “train for real-life terror attacks” at the Sleep Train Arena, on Thursday. The storyline of the drill includes a nuclear truck bomb denotation inside the sporting arena. This will be a wild training exercise, as government and military officials have been relatively discreet about terror drill. Earlier this week, social media users freaked out when large formations of military helicopters circled above Sacramento. Unbeknownst to the general public, the helicopters were not because Californians upset Trump as some social media users believed, but instead, the flying war machines were preparing for today’s full-scale nuclear truck bomb denotation drill at Sleep Train Arena. “Helicopters circling Sacramento. Did we upset Trump? @kcranews @sacbee_news @CBSSacramento @abc10,” said one Twitter user. Helicopters circling Sacramento. Did we upset Trump? @kcranews @sacbee_news @CBSSacramento @abc10 pic.twitter.com/4LziSdIhgb — Joseph Jelincic (@JosephCSUEU) March 18, 2018 Another Twitter user said, “Sacramento Ca , can someone explain this ? Hella Helicopters.” Sacramento Ca , can someone explain this ? Hella Helicopters pic.twitter.com/GPgJm9e2FN — I AM DON SUES (@Mr_87) March 18, 2018 One worried Twitter said, “9 helicopters flying over Sacramento in formation. If this was before this admin I wouldn’t be worried, but now….” 9 helicopters flying over Sacramento in formation. If this was before this admin I wouldn’t be worried, but now…. pic.twitter.com/U4diJlGNl7 — LollyLollyLollyGetyer (@LOLLY916) March 18, 2018 The bottom line: The United States government is quietly preparing for a mass-casualty incident involving a radiological dispersal device (RDD). As a citizen, you are not allowed to know this knowledge, and frankly, you will not be prepared - only the government will be.
The effects of austerity are increasingly evident. But protecting the public will take more than hiring extra officers Last year’s general election gave the Conservatives an uncomfortable reminder that although they like to proclaim themselves the guardians of law and order, the issue can be wielded against them too. In 1997, Tony Blair demonstrated the effectiveness of his “tough on crime, tough on the causes of crime” mantra. Twenty years later, Jeremy Corbyn pledged 10,000 extra officers on the streets of England and Wales, and attacked the cuts in funding and staffing imposed by Theresa May in her years as home secretary, when police numbers fell by around 20,000. What was thought to be safe territory for the prime minister proved more treacherous, especially in a climate of heightened fears over terrorist attacks.Last month the Labour leader returned to the fray, pressing Mrs May on the rise in recorded crime: gun and knife crime have seen particularly sharp increases in recent months. The personal experience and visceral fears of voters, as much as the statistics, make this an issue that resonates across regions and classes. On Wednesday, the police inspectorate warned that under-pressure forces are in some cases taking days to respond to 999 calls that should be dealt with in an hour. While the most urgent calls met an effective response, those deemed to need a “prompt” response within an hour – including potentially serious assaults – faced a much longer wait: an average of 15 hours in the case of Cambridgeshire, for example. The report warned that cracks are beginning to show due to the continuing financial pressures and sharp increase in demand; and that unless forces take urgent measures, the lives of vulnerable people could be at risk. The failure to respond efficiently to a report of domestic abuse, for example, not only compromises the chances of an effective investigation but threatens the safety of survivors and sends a message to perpetrators that they can get away with it. Continue reading...
Debate highlights sharp divisions between the two companies’ approaches
GOOD LORD: Police shot at a man 20 times in his own yard, thinking he had a gun. It was an iPhone. …
GOOD LORD: Police shot at a man 20 times in his own yard, thinking he had a gun. It was an iPhone. Video released by the Sacramento Police Department depicts a frantic foot pursuit through darkened streets pierced by white slivers of police flashlight. The officers spot Clark approaching a house and shout: “Show me […]
Shahab Hosseini delivers a nuanced performance as a melancholy Iranian immigrant in Mitra Tabrizian’s sharp drama Shahab Hosseini, who deservedly won recognition for his intense performance in Asghar Farhadi’s The Salesman, offers a nuanced study in acting minimalism with this melancholy portrait of a man living in exile in London, never quite beyond the reach of his own troubled past. It’s a feature debut for Iranian artist-turned-writer-director Mitra Tabrizian, whose background in still photography perhaps explains the crepuscular cinematography.Hosseini plays Gholam, a taciturn immigrant who works as a minicab driver by night and mechanic by day in a garage owned by kindly Mr Sharif (eminent Iranian actor Behrouz Behnejad). At the cafe run by his uncle, Gholam runs into a former colleague from his army days years ago who wants to entice him into some shady business, maybe to do with politics. (The story takes place in 2011, during the height of the Arab spring.) Continue reading...
Компания Sharp выпустила смартфон среднего уровня Aquos S3 Mini, уже доступный для предварительного заказа по ориентировочной цене 250 долларов США. Аппарат оснащён дисплеем в стиле Essential Phone — с вырезом под камеру в верхней части. Применена панель размером 5,5 дюйма по диагонали с разрешением 2040 × 1080 точек. Яркость достигает 550 кд/м2. Фронтальная камера выполнена на основе 20-мегапиксельного сенсора; поддерживаются функции интеллектуальной съёмки автопортретов и разблокировки по лицу.
The attorney general is also coming under fire for his shifting statements on Trump campaign contacts with Russia.