Scientists Working to Combat Florida’s Growing ‘Red Tide’

Scientists in Florida are on the cusp of developing promising methods to control toxic algae blooms like the “red tide” that has been killing marine life along a 150 mile (240 km) stretch of the Gulf Coast, the head of a leading marine lab said Wednesday.

Michael Crosby, president and chief executive of the Mote Marine Laboratory in Sarasota, welcomed a red tide emergency order issued this week by Governor Rick Scott, designating more state money for research, cleanup and wildlife rescues.

Scientists field-testing solutions

Interest in mitigation technologies has been heightened by a 10-month-long toxic algae bloom off Florida’s southwestern coast that has caused mounds of rotting fish to wash up on beaches from Tampa to Naples.

The red tide also has been implicated in at least 266 sea turtle strandings and is suspected or determined to have caused 68 manatee deaths so far this year, according to Florida Fish and Wildlife Conservation Commission figures.

In hopes of combating future outbreaks, scientists are field testing a patented process that would pump red-algae-tainted seawater into an ozone-treatment system and then pump the purified water back into the affected canal, cove or inlet, Crosby said.

Experiments carried out in huge 25,000-gallon tanks succeeded in removing all traces of the algae and its toxins, with the water chemistry reverting to normal within 24 hours, he said.

Scientists also are studying the possible use of naturally produced compounds from seaweed, parasitic algae and filter-feeding organisms that could be introduced to fight red tides.

A ‘bad bloom’

Red tides occur on an almost yearly basis off Florida, starting out in the Gulf of Mexico where swarms of microscopic algae cells called Karenia brevis feed on deep-sea nutrients and are sometimes carried by currents close to shore, usually in the fall.

This year’s Gulf Coast Florida bloom is the worst in more than a decade, originating last October and persisting well into the summer tourist season while spreading across 150 miles of coastline spanning seven counties.

“It’s a bad bloom by any standard,” said Richard Stumpf, an oceanographer who studies red tides for the National Oceanic and Atmospheric Administration (NOAA).

For reasons not well understood, strong northerly winds that normally break up a red tide by December failed to materialize last winter, Stumpf said.

It remains to be seen whether a single year of altered wind patterns will turn out to be an isolated deviation or part of more long-term changes in climate, Stumpf said.

Natural phenomenon

But scientists say red tides in and of themselves are a natural phenomenon observed as far back as the 1600s.

For humans, exposure can cause respiratory difficulties, burning eyes and skin irritation. The toxins are often fatal to marine life.

The latest bloom coincided with the spawning season for snook, an ecologically important and popular game fish in Florida, Crosby said. A portion of emergency funding ordered by the governor is earmarked for assessing impacts on that fish.

From: MeNeedIt

Five ‘Crazy Rich Asian’ Ways to Splash Your Cash in Singapore

Singapore is the setting for new Hollywood movie ‘Crazy Rich Asians’ – an adaptation of a best-selling novel that explores the insatiable consumerism of new money and old-world opulence in a continent producing more billionaires than anywhere else.

While the low-tax financial hub is often called a playground for the rich, Singapore’s wealthy tend to live a more conservative, low-key life than Hong Kong’s showy socialites or Macau’s high-rollers.

In step with the film’s release in the United States on Wednesday and ahead of its release in the city-state next week, here are five ways to spend your cash in Singapore.

1. Orchid-shaped supercars

Cars in Singapore are some of the most expensive in the world, owing to huge government taxes aimed at limiting their number in the tiny island-state.

That doesn’t stop the super-rich – Ferrari, Maserati and Lamborghini are commonly sighted. When a Singaporean character in Kevin Kwan’s book, Goh Peik Lin, moves to America to study she immediately buys a Porsche saying they are “such a bargain.”

For the super-rich patriot, Singapore-based firm Vanda Electrics has designed an electric supercar – Dendrobium. Its roof and doors open in sync to resemble the orchid that is native to Singapore and after which the vehicle is named.

A show car, built by the technology arm of the Williams Formula One team, was unveiled last year. It was originally estimated to cost around 3 million euros ($3.44 million) before tax, although Vanda Electrics advised the final price will likely be lower.

2. Yachts with submarines

Yachts are an affordable alternative to such supercars.

“Impulse buys of luxury items such as yachts are becoming more common” said Phill Gregory, the Singapore head of yacht dealers Simpson Marine, who sell everything from sports boats to super yachts costing tens of millions of dollars.

Gregory said Singapore-based clients have some of the most sophisticated tastes and an eye for style: sometimes he flies them to Europe to deck out their yacht with luxury furniture from the artisans of Milan or world-famous Carrara marble straight from the quarries in Tuscany.

Others have more unusual requests. These include a bespoke ‘beach club style’ lounge area set underneath a shimmering swimming pool, helipads or even a space to park a small submarine or sea-plane.

3. 999 roses

The iconic Marina Bay Sands hotel – which resembles a giant surfboard perched on three tall columns – features prominently in the film’s trailer.

The hotel features the invitation-only Chairman’s suite – the largest in Singapore – which has its own gym, hair salon, and karaoke room, and according to some media reports costs over $15,000 a night. There is no publicly available price.

The likes of former British soccer star David Beckham and Bollywood actor Shah Rukh Khan have stayed at the hotel.

George Roe, director of hotel operations at Marina Bay Sands, said he has had some unusual requests from his guests including organizing the delivery of 999 roses to a residential address in Singapore as a surprise.

4. Rare beef

“You do realize Singapore is the most food obsessed country on the planet?,” Nick Young, the very well-heeled protagonist of ‘Crazy Rich Asians’ tells his girlfriend Rachel Chu ahead of their trip to the city-state.

Even hawker stalls hold Michelin stars in Singapore but there’s no shortage of places for the super-rich to get their fix.

The restaurant CUT by Wolfgang Puck is the only one in Singapore to offer Hokkaido snow beef – which is even scarcer than Kobe beef – through an exclusive arrangement with a private reserve in Japan.

Only two cattle are harvested from the reserve every month, with CUT receiving about 20-30 steaks a month – a chunk of which goes to regulars who visit the restaurant every time it comes on the menu, said general manager Paul Joseph. The current price is S$330 ($240) for a modest 170 gram serving.

5. Gold tea

Forget wearing gold – in Singapore you can drink it. 

Boutique Singaporean tea company TWG Tea claims to sell one of the world’s most expensive teas – a white tea plated with 24-karat gold which retails at S$19,000 ($14,000) a kilo.

The Grand Golden Yin Zhen is described as a “glimpse of the divine in a teacup”, and the gold is said to have anti-oxidant properties that revitalize and rejuvenate the skin.

From: MeNeedIt

Academy Looks to Boost Hollywood’s Next, Diverse Generation

The diversity crisis in Hollywood may rage on, but the Academy of Motion Picture Arts and Sciences continues to try to open up access to the entertainment business for people from underrepresented communities and give some a foot in the door at the most critical moment — when college graduation is in sight and the job market is looming.

For seven weeks this summer, 107 college students from across the nation convened in Los Angeles for internships at places like HBO, Warner Bros., Dolby Laboratories, Universal Pictures, IMAX and AMC Networks, in addition to film screenings and weekly panels on various aspects of the film industry from people at the top of their fields.

Notable speakers this summer included cinematographer Janusz Kaminski (Schindler’s List), production designer K.K. Barrett (Her), Sorry to Bother You director Boots Riley and actress Lily Collins, who dished on the casting process. Cinematography and production design students even got to work with Daryn Okada, an academy governor, to recreate a scene from Mean Girls, which Okada shot.

The program, now in its second year, continues to evolve. In addition to giving spots to more than 30 additional students, this year Academy Gold added a Production Track program for students interested in cinematography, production design, post-production and film editing.

Statistics dire for most

The statistics remain dire in the entertainment business job market for anyone who isn’t a white, straight, able-bodied male. A survey from the Center for the Study of Women in Television and Film found that of the top 100 grossing films of 2017, 2 percent had female cinematographers and 14 percent had female editors. And according to the University of Southern California’s Annenberg Inclusion Initiative, across 1,100 of the top grossing films over the past decade, 64, or 5.2 percent, had black directors and 38, or 3.1 percent, had an Asian or Asian-American director.

Academy Gold is an industrywide effort to infuse the entertainment business with diverse talent at the early stages of a career. The film academy, which puts on the Oscars, has been criticized in the past for the lack of diversity in its membership ranks, and has been making strides to correct that in the past two years. In addition to inviting new members with an eye toward inclusion, the Academy Gold program is addressing the issue at an earlier stage.

Academy Gold wrapped its summer program this past weekend and sent its second class of alumni back to finish their college educations armed with a designated mentor for eight months, contacts, peers and even a few new career ideas.

“A lot of students who came in thinking they wanted to do one thing have said, ‘You know what I think I might be interested in cinematography or editing,’” said Bettina Fisher, the academy’s director of educational initiatives.

First-hand experience

Tatianna Sims, a 21-year-old New York University student from New Jersey, interned this summer with Marvel Studios in the VFX and post-production department.

“The greatest thing about this program is hearing about first-hand experiences from people who have amazing careers,” said. “From the outside, it looks like this gilded place where no one can enter, but when speaking with a lot of the panelists you see how achievable a lot of your goals are.”

Twenty-six entertainment businesses funded the program, which not only ensures that interns are paid, but also provides stipends for more than 30 students to help with living expenses. It proved “life-changing” for Vaughn Arterberry, a 22-year-old aspiring director from Oakland, Calif, who interned in production and development at Focus Features this summer before he starts at the University of Southern California Film School in January.

“I wouldn’t have been able to afford to live in LA this summer without some help financially,” Arterberry said before a panel on film financing and distribution. “I’m extremely grateful for what they’ve done.”

Benefits apparent

Some alumni are seeing the benefits of their Academy Gold experience and the mentorship with a film academy member that follows.

Jordan Moss, who interned in the accounting department of Paramount Pictures in its pilot year and aspires to be in animated feature development, said he’s most grateful for the peers he met.

“I believe that these are the people who are going to be running the industry some day,” Moss said.

Program administrators want to start tracking the development of their alumni as they hopefully get jobs and rise in the industry.

“We have made significant progress and we look forward to pushing this program forward and expanding it to more students in the future,” said Edgar Aguirre, the academy’s director of talent development and inclusion. “At the end of the day, this is going to be an opportunity to guide and develop the next generation of leadership in this industry.”

From: MeNeedIt

US University Puts Electronic Assistants in All Student Housing

One American university is putting electronic voice-controlled assistants in every student housing room on campus.

Saint Louis University recently announced it will equip every student living space with Amazon’s Alexa system. The school in St. Louis, Missouri, will place about 2,300 Echo Dot “smart” devices in all student dorms and other university housing.

Officials said the university will be the first in the world to put the devices in every student living space. The devices and the Alexa service are being provided at no costs to students.

The Amazon Echo is a speaker with the ability to listen and “talk” to users and can perform some operations. The Alexa assistant competes with similar systems made by Google and Apple.

Devices linked to the systems have become increasingly popular in homes in recent years. They can be used for things like looking up information, playing music, ordering food or buying things on the internet. The devices can also complete actions in the home. These include turning lights on and off, and controlling systems for heating and cooling and security.

Amazon calls these different tasks Alexa can perform “skills.”

Amazon said in a website post that Saint Louis University chose the Alexa system after carrying out a test program. The program involved the Echo Dot and a device from a competing company. It said the students had a better reaction to the Alexa system.

The Echo Dots will include a special skill developed especially for Saint Louis University. It will provide information and answer questions about local school activities and campus life.

Next year, the university plans to add more personalized skills, such as providing information about classes and grades.

The university said it did not increase student tuition to pay for the project. Instead, officials said, it was financed through the school’s general fund, as well as partnerships with Amazon and n-Powered.  The company, based in Los Angeles, California, helped develop the parts of the system that are related to Saint Louis University.

David Hakanson is Saint Louis University’s vice president and chief information officer. In announcing the project, he said it will fit well with students who are “highly driven to achieve success in and out of the classroom.”

He added: “Every minute we can save our students from having to search for the information they need online is another minute that they can spend focused on what matters most: their education.”

While the devices are being placed in every university housing space, students do not have to use them. For those wishing not to take part, the school suggests students just remove the devices from their rooms and put them away in a safe place.

Other universities have also experimented with voice-controlled assistants in student living areas.

A year ago, Arizona State University announced a program that provided Echo Dot devices to a special housing area for engineering students. In the program, all engineering students moving into the special housing community were given the choice of receiving an Echo Dot if they wanted one.

As is the case at Saint Louis University, Arizona State students are able to use the system to get the latest information on university programs and events. However, the Arizona students also have the chance to sign up for classes that teach subjects related specifically to creating new uses for Alexa devices.

Octavio Heredia is a director with Arizona State’s Fulton Schools of Engineering. He said he thinks it is a good idea for students to get as much experience as possible with the voice assistants to improve their development skills and prepare for future jobs.

“Once they are familiar with the devices, they are going to want to further develop their own skills and begin integrating that technology – the hardware and the skills – into other projects,” he said.

From: MeNeedIt

Tesla Appoints Independent Directors to Weigh Any Deal

Tesla’s board named a special committee of three directors on Tuesday to evaluate possibly taking the electric carmaker private, although it said it had yet to see a firm offer from the company’s chief executive, Elon Musk.

The Silicon Valley billionaire last week said on Twitter he wants to take Tesla private at $420 a share, valuing it at $72 billion, and that funding was “secured.”

That earlier tweet triggered investor lawsuits and an investigation by the U.S. Securities and Exchange Commission into the accuracy of his statement, according to multiple media reports.

Musk on Monday gave his most detailed vision of how a take-private deal could work, but shares ended flat, indicating investor skepticism.

The shares were last down 1 percent at $352.88 on Tuesday.

Musk said Monday he had held talks with a Saudi sovereign fund on a buyout that would take Tesla off the Nasdaq exchange – an extraordinary move for what is now the United States’ most valuable automaker. Tesla has a market capitalization of $60 billion, bigger than Detroit rivals General Motors Co or Ford Motor Co, who produce far more cars.

The company said in the statement the special committee has the authority to take any action on behalf of the board to evaluate and negotiate a potential transaction and alternatives to any transaction proposed by Musk.

Tuesday’s announcement means three members of Tesla’s board will now weigh whether it is advisable – or even feasible – to pursue what could be the biggest-ever go-private deal, and they are doing so before receiving a formal proposal from the CEO.

“The special committee has not yet received a formal proposal from Mr. Musk regarding any Going Private Transaction,” the company said in a public filing with U.S. securities regulators, the first it has made since Musk’s tweets last week.

Asked about the outcome of the special committee, analyst Chaim Siegel at Elazar Advisors said, “This is not easy. Anything is possible from pulling something together to nothing. I hope nothing – so the stock can trade and benefit from the earnings inflection,” he said, referring to a promise by Musk the company would turn profitable later this year.

A blogging, tweeting CEO

Musk has yet to convince Wall Street analysts and investors that he can find the billions needed to complete the deal. Tesla’s handling of Musk’s proposal and its failure to promptly file a formal disclosure, meanwhile, have raised governance concerns and sparked questions about how companies use social media.

Musk first tweeted he planned to go private and that funding was “secured” last week, sending Tesla shares soaring 11 percent, but investors have appeared skeptical about the details he has provided since.

He blogged on Monday that recent talks with a Saudi sovereign wealth fund gave him confidence funding was nailed down, but that he was still talking with the fund and other investors. He tweeted later he was working with Goldman Sachs Group Inc and Silver Lake as financial advisers, though a source said the private equity firm was working in an unpaid, informal capacity and also not discussing participating as an investor.

Goldman had not been formally tapped as a financial adviser by Musk when he revealed plans last week to take the automaker private and said he had secured the funding for the transaction, Bloomberg reported on Tuesday, citing people with knowledge of the matter.

Goldman did not respond to a request for comment from Reuters.

“Despite Elon Musk’s frustration with being a public company, I think there are more advantages to remaining public,” said CFRA analyst Efraim Levy, citing cheaper access to capital and media exposure due to interest in a public company.

Three-member panel

Tesla said the committee consists only of independent directors: Brad Buss, Robyn Denholm and Linda Johnson Rice.

But corporate governance and shareholder voting advisers Glass Lewis and Institutional Shareholder Services said they do not consider Buss an independent director, due to his connections to a solar panel business the company bought two years ago.

Buss was chief financial officer of solar panel installer SolarCity for two years before retiring when Tesla paid $2.6 billion for the sales and installation firm in 2016. It was Tesla’s last big deal and was criticized by some on Wall Street because the company, founded by two of Musk’s cousins, had seen its business shrink before the takeover.

Denholm, the first woman on Tesla’s board, is chief operations officer of telecom firm Telstra and the ex-CFO of network gear maker Juniper Networks.

Rice, the first African-American and second woman to join the board, is CEO of Johnson Publishing Company and Chairman Emeritus of EBONY Media Holdings, the parent of EBONY and Jet brands, according to Tesla’s website.

Tesla’s other board members include Musk; his brother Kimbal Musk; Twenty-First Century Fox’s CEO James Murdoch; Antonio Gracias, founder of Valor Equity Partners; and Ira Ehrenpreis, founder of venture capital firm DBL Partners.

One director, Steve Jurvetson, is currently on leave of absence following allegations of sexual harassment.

Tesla’s board said on Aug. 8 that Musk had held talks with the directors in the previous week on taking the company private.

Latham and Watkins LLP has been retained by the committee as its legal counsel. Wilson Sonsini Goodrich and Rosati will be legal counsel for Tesla itself.

 

From: MeNeedIt

Ebola Outbreak in Eastern DR Congo Potentially More Dangerous Than West African Epidemic

World Health Organization chief, Tedros Adhanom Ghebreyesus says the raging conflict in North Kivu makes the Ebola outbreak in eastern DR Congo more dangerous than the historic 2014-2015 epidemic in West Africa.  More than 11,000 people died from the Ebola virus by the time it was contained in 2016. 

WHO Director-General Tedros returned Sunday from a visit to Beni and Mangina, the epicenters of the Ebola outbreak in eastern Democratic Republic of Congo.  He says he was worried before he went on this mission, but he is more worried now after having observed first-hand the dangers and difficulties posed by the active conflict in North Kivu.

He says more than 100 armed groups operate in the region.  He says there have been 120 violent incidents this year involving killings, kidnappings, rapes and other atrocities.

“That environment is really conducive for Ebola actually to transmit freely because in that area there are places called Red Zones, inaccessible areas because there are many armed groups that operate in that region … And, these Red Zones could be hiding places for Ebola,” said Tedros.

Tedros is calling on the warring parties for a cessation of hostilities, warning this extremely contagious virus is dangerous for everyone.  Despite the many concerns, he says WHO and partners are moving ahead aggressively with the operation to contain this deadly virus.  

He says more than 216 health workers and 20 people from the community have been vaccinated against Ebola.  He says more vaccinators have been deployed from Guinea to speed this process along, and DRC authorities have given the greenlight for the use of several experimental Ebola drugs.

Tedros says health workers have begun working on case identification and contact tracing, as well as community outreach and educational programs.  He says WHO is working with countries neighboring DRC, and is helping Uganda, Burundi, Rwanda and South Sudan strengthen their surveillance and screening programs to try to prevent the deadly Ebola virus from crossing their borders.  

 

 

From: MeNeedIt

Ebola Death Toll in DRC at 41 as New Drug in Use

Forty-one people have died in the latest outbreak of Ebola in DRC, health authorities said on Tuesday, adding that doctors were using a novel drug to treat patients.

Out of 57 recorded cases as of Monday, 41 were fatal, the Congolese Health Ministry and UN’s World Health Organization (WHO) said. Fourteen of the deaths had been confirmed by lab tests, the ministry said.

Last Friday, the ministry put the tally at 37 deaths, either confirmed or suspected.

The outbreak is the country’s 10th since 1976, when the disease was first identified in the Democratic Republic of Congo (DRC) near the Ebola River, a tributary of the Congo.

Its epicenter is Mangina in the region of Beni, in the strife-torn eastern province of North Kivu.

For the first time since the outbreak was announced on August 1, one fatality was recorded outside of North Kivu — in the neighboring province of Ituri, the ministry’s directorate for disease control said.

It added that doctors in Beni had started to use a novel treatment called mAb114 to treat patients with Ebola.

The treatment is “the first therapeutic drug against the virus to be used in an active Ebola epidemic in the DRC,” it said.

Developed in the United States, the prototype drug is a so-called single monoclonal antibody — a protein that binds on to a specific target of the virus and triggers the body’s immune system to destroy the invader.

The antibody was isolated from a survivor of an Ebola outbreak in the western DRC city of Kikwit in 1995, it said.

In May, the US National Institute of Allergy and Infectious Diseases (NIAID) said it was carrying out the first human trials of mAb114 to test it for safety and tolerance.

Fighting could hamper treatment

Use of the experimental treatment in the field comes on the heels of deployment of an unlicensed vaccine in an earlier outbreak of Ebola in the DRC this year.

The decision to use the vaccine, called rVSV-ZEBOV, came after trials during a pandemic in West Africa showed it to be safe and effective, the WHO says.

Immunization with rVSV-ZEBOV was given to front-line health workers to provide them with additional protection — a tactic that has been repeated in the latest outbreak.

Ebola causes serious illness including vomiting, diarrhea and in some cases internal and external bleeding. It is often fatal if untreated.

The WHO has expressed concern that the violence in North Kivu — entailing militias who often fight for control of resources, including a notorious Ugandan rebel force called the Allied Democratic Forces (ADF) — could hamper the fight against the new outbreak.

WHO Director General Tedros Adhanom Ghebreyesus, visiting the area, on Sunday called for “free and secure access” for health workers, the agency said in a statement.

The outbreak in North Kivu was declared a week after WHO and the Kinshasa government hailed the end of a flareup in northwestern Equateur province which killed 33 people.

In the worst Ebola epidemic, the disease struck the West African states of Guinea, Liberia and Sierra Leone in 2013-15, killing more than 11,300 people.

 

 

 

From: MeNeedIt

Wu’s Fight for ‘Crazy Rich Asians’ Part of a Bigger Crusade

Constance Wu had resigned herself to the fact that “Crazy Rich Asians” was not going to work out for her. She was under contract for her sitcom “Fresh Off the Boat,” both were filming in the fall, and that was that. “Crazy Rich Asians” would be the first studio-made Asian-American movie in 25 years, and Wu, who has established herself as a crusader for Asian-American representation in Hollywood, would have to sit this historic moment out.

 

But then, feeling “kind of dramatic,” and thinking about the significance of the project to her and untold number of Asian-Americans who make it a point to tell her their stories because of her tweets and “Fresh Off the Boat,” Wu decided to give it one last shot and composed an email to “Crazy Rich Asians” director Jon M. Chu.

 

“I said, I know the dates don’t work out and whoever you cast, I will be the first in line and I will be their No. 1 fan and supporter, but I did want to let you know that I would put 110 percent of my heart into this project and I know what to do with it and how to carry a movie and if you can just wait for me, I don’t think you’ll regret it,” Wu, 36, said. “I did NOT think this email would work. I did it more for me so that I felt that I had told my truth. But then he read it and said, “You guys, we’ve got to push the production.”

 

Sitting in a restaurant at the Beverly Wilshire, a hotel famous for co-starring in another “Cinderella” story, “Pretty Woman,” and sipping on a “cocktail” of grapefruit juice and sparkling water, Wu is describing how “Crazy Rich Asians,” out nationwide Wednesday is also a kind of “Cinderella” story. Based the first book in author Kevin Kwan’s popular trilogy, Wu’s character Rachel Chu is a middle-class economics professor from the U.S. who finds herself navigating the upper echelons of Singapore’s wealthy classes when her boyfriend Nick Young takes her home for a wedding and to meet his disapproving family and all the jealous women also vying for the attention of the “prince.”

 

“It’s a fairy tale, it really is,” Wu said. “And there are a lot of different shoes in the movie!”

A native of Richmond, Virginia, and a classically-trained theater actress with a passion for musicals, Wu has been working toward a moment like this her whole life, and taking it very seriously. During the shoot, she wouldn’t go out with her co-stars for karaoke nights or have a drink after a long day of work. She wanted to be clear of mind and she’d already promised her director that she was going to give it her all.

 

She knew how unlikely it was that she’d ever get an opportunity as an Asian-American woman to lead a studio movie.

 

“Even a terrific actress like Sandra Oh was always No. 2 or No. 3 in the movie, she was never No. 1 unless it was an independent movie,” said Wu, who is not shy about saying that she only wants to go out for roles where she is the No. 1 star. It’s a drive that has made some uncomfortable.

 

“People are like, ‘Who do you think you are?’ And it’s like, I guess I think I’m a talented actor and I guess I’m not a person who is going to let you make me feel small anymore,” she said.

 

But Wu isn’t interested in making people feel comfortable at the expense of her truth, which is why at least part of her time is spent amplifying underrepresented voices on twitter, even knowing that it’s affected her employment opportunities.

 

Wu once heard that a friend’s liberal boyfriend said he didn’t like Wu’s politics.

 

“I’m like, ‘Does he not like my politics or does he not like that I have politics?’ And she asked him and he was like, “Oh I guess it’s that,’” Wu said.

 

Fame, she said, is silly in that regard. She thinks it’s “dumb” that she has a bigger voice than other people, like journalists or academics who are more studied in discourse on race and intersectionality. But, she also realized that while she has this platform, she can at least do some good with it.

 

Henry Golding, who plays Nick, is in awe of Wu’s fortitude.

 

“She’s such a role model for so many people. She has a backbone, which a lot of people don’t. She’s not afraid of saying what’s on her mind and really driving home what she thinks should be done, or what’s not happening in the industry that should be happening,” said Golding. “She’s going to go down as a real fighter and someone who can act the socks off anything. She is Rachel Chu.”

 

As for what’s next, Wu said she thinks she’s going to have a lot of choices in the coming years.

 

“I’m very privileged and lucky and I’m at a point where I can sort of get to decide where I want to go with my career,” Wu said.

 

And first up on her wish-list? A musical.

From: MeNeedIt

Tesla’s Slow Disclosure Raises Governance, Social Media Concerns

Tesla’s handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media.

Musk stunned investors last Tuesday by announcing on Twitter that he was considering taking Tesla private in a potential $72 billion transaction and that “funding” had been “secured.”

Tesla’s shares closed up 11 percent before retrenching after the Wall Street Journal reported that the U.S. Securities and Exchange Commission (SEC) had asked Tesla why Musk announced his plans on Twitter and whether his statement was truthful.

Musk provided no details of his funding until Monday, when he said in a blog on Tesla’s website that he was in discussions with Saudi Arabia’s sovereign wealth fund and other potential backers but that financing was not yet nailed down.

Musk said his tweet and blogs were issued in his personal capacity as a private bidder for Tesla’s stock. A Tesla spokesman pointed Reuters to Musk’s blog in response to a request for comment.

Putting aside whether Musk misled anyone, the unorthodox manner in which he announced the news and Tesla’s failure to promptly clarify the situation with a regulatory filing is a corporate governance lapse that raises questions about how companies use social media to release market-moving news, securities lawyers said.

“Management buyouts or other take-private transactions already suffer from serious information asymmetry between management and public shareholders,” said Gabriel Rauterberg, a University of Michigan law professor.

SEC rules typically require companies to file an 8-K form within four business days of a significant corporate event.

While several securities lawyers said Musk’s tweets alone did not trigger this obligation, such a filing would be prudent given the unusual circumstances, David Axelrod, a partner at law firm Ballard Spahr LLP, said.

“An 8-K would provide some more details, it would say what stage negotiations are in, and provide more information than 53 characters in a tweet,” he added.

Full and fair disclosure

SEC guidelines published in 2013 allow companies and their executives to use social media to distribute material information, provided investors have been alerted that this is a possibility. Tesla did this in a 2013 filing.

But such disclosures have to be full and fair, meaning the information is complete and accessible by all investors at the same time, a bar that Musk’s tweets may not have met.

“Twitter is not designed to provide full and fair disclosure. That doesn’t mean that you couldn’t, but in a series of 20 to 30 characters I’m not sure you’re getting full disclosure,” said Zachary Fallon, a former SEC attorney and principal at law firm Blakemore Fallon.

The SEC declined to comment Monday.

Securities lawyers said there was also a question mark over whether Musk selectively disclosed information on the possible terms of the deal when he subsequently replied to followers, two of whom claim in their handles to be investors.

Those tweets were not immediately visible to all followers of Musk’s main feed until he retweeted them.

History of Twitter use

The 47-year-old billionaire’s history of joking about Tesla and using twitter to bait his critics also appears to have undermined trust in Musk’s feed as a reliable source of company information, with many investors initially believing Tuesday’s tweet was a prank.

In his blog, Musk said he made the announcement on Twitter to ensure all investors were aware of his plan before speaking with the company’s largest shareholders.

But his claim to have done so as a private person presents a potential conflict of interest, said Nimish Patel, a lawyer with Mitchell Silberberg & Knupp.

“If you’re speaking on behalf of the company using resources like Twitter and the company website, while at the same time saying you’re a private individual expressing your own personal views, you are being inconsistent and creating confusion for investors. And when there’s confusion, the SEC is likely going to get involved,” he added.

From: MeNeedIt

Like ‘The Wife,’ Glenn Close Says She Is Late Bloomer

Glenn Close may be known for playing strong, often ruthless women, but like her long-subdued character in The Wife she says she’s only just starting to feel comfortable in her own skin.

Close plays Joan, the self-effacing spouse of a successful novelist in The Wife, which opens in the United States on Friday as women in Hollywood and beyond are demanding a louder voice.

Decades of suppressing her own talents and desires in support of her husband’s career begin to unravel when he wins the Nobel Prize for literature and a biographer probes the couple’s life.

“The film took 14 years to get made and who knew that it would be incredibly relevant?” Close, 71, told Reuters. The film is based on the 2003 book of the same name by Meg Wolitzer.

Close’s performance has won rave reviews, sparking talk of a potential seventh Oscar nomination next year. The Hollywood Reporter said the actress “commands the center of The Wife: still, formidable and impossible to look away from.”

Despite a 40-year career, three Emmy awards, three Tonys and six Oscar nominations, the star of Fatal Attraction and the TV drama Damages says she feels she is just beginning.

“I’m a very late bloomer. It took me a very long time to learn some basic things. That’s why it’s kind of wonderful and ironic for me to be at this point at my life and feel like it’s just the beginning,” she said.

Close launched her acting career in the theater in the 1970s and said she feels lucky to have found success in job she is so passionate about.

“I think I’m at a time in my life where I’ve finally accepted certain things about myself, and it’s OK. The fact that I’m not a hugely social person, that I’m very much in my head is OK,” she said. “I feel happier and more calm and more excited about life than I ever have.”

From: MeNeedIt