1…………> Red Carpet Moments: No Selfies
Cannes Film Festival director Thierry Fremaux announced that red carpet selfies will be banned this year — and likely in the future, because selfie hunters make the festival to appear “disorganized” and the program to “run late.
“[Selfies] are not beautiful,” he said. “They are grotesque. They are ridiculous. We want to restore a bit of decency.”
Cannes Film Festival is famous for its many arcane and arbitrary rules, such as the ban on flat shoes from the red carpet in 2015, and the March announcement that Netflix feature films are prohibited from entering the Cannes competition.
“Any film which is selected to compete will have to be released in theaters,” explained Fremaux in a recent interview with Variety.
“The world is not the same since the Weinstein case; it has woken up. And it’s fortunate,” he explained.
2…………> Silk Glove, Steel Hand: Xi “Soft Power”
China’s growing attempts to amplify its influence overseas were recently reinforced after the ruling elite announced its plan to impose stricter surveillance on all media content in March, making all broadcast media serve as country’s mouthpiece, and allowing the Communist Party to have a streamlined institution to project its ideal image abroad.
This move came after Chinese President Xi Jinping laid out a vision during a speech last December that Beijing is ready to “provide more opportunities for the world through our development.”
China has been advancing its agenda at the UN by curtailing human rights advocacy efforts with Russia in tow leading a group of countries to block the secretary-general’s request to fund a key human rights unit within his office, the recent “soft power” pressure is a sign that Beijing wants the issue of human rights to take a back seat on the international agenda.
3………….> More Tariffs: Trump’s
In continuation of the search for new equilibrium point of trade between US and China, President Trump has instructed officials to consider a further $100 bn of tariffs against China, in an escalation of a tense trade stand-off, in addition to the $50bn worth of US tariffs already proposed on hundreds of Chinese imports.
The proposal comes after China retaliated to that by threatening tariffs on 106 key US products.
Mr. Trump said its latest tariffs were a response to unfair Chinese intellectual property practices, such as those that pressure US companies to share technology with Chinese firms.
4…………> Rice Thief: Chinese Scientist
A Chinese scientist named Weiqiang Zhang, 51, a Chinese national, and U.S. legal permanent resident residing in Manhattan, Kansas, was sentenced to 121 months in a federal prison for conspiring to steal samples of a variety of rice seeds from a Kansas biopharmaceutical research facility, with of one count of conspiracy to steal trade secrets, one count of conspiracy to commit interstate transportation of stolen property and one count of interstate transportation of stolen property.
Evidence at trial established that Zhang worked as a rice breeder for Ventria Bioscience in Junction City, Kansas. Ventria develops genetically programmed rice to express recombinant human proteins, which are then extracted for use in the therapeutic and medical fields. Zhang has a master’s degree in agriculture from Shengyang Agricultural University in China and a doctorate from Louisiana State University.
“Ventria invested years of research and tens of millions of dollars to create a new and beneficial product,” said U.S. Attorney McAllister. “It is vital that we protect such intellectual property from theft and exploitation by foreign interests. We all benefit when American companies continue to drive socially valuable advancements in food, medicine, and technology.”
5…………> Market Report 04/05/2018, sell stop 24250, CG(8892), 11/22/17
Short position at 24850 was covered for a gain of 50 DIA points, and new long position established at 24900, sell stop triggered at 25350 for a gain of 450 DIA points. Current position short at 25300, cover shortstop 24,700 was triggered for a gain of 600 DIA points, a closing position long 24750, sell stop triggered at 25100 for a gain of 350 DIA points.
New short position established at 25050 was covered at 24710 for a gain of 340 DIA points, and long position set at 24730 with sell stop at 24690 was closed for a loss of 40 DIA points.
A new short position set at 24700 with a cover short stop at 23800 was closed for a gain of 900 DIA points after markets opened on a gap at 23800. A new long position established at 23900 with a sell stop was executed at 24050 for a gain of 150 points after China indicated new threats for a trade war with the US, leading to a new short position at 24000 with a cover short stop at 24050 for closing loss of 50 DIA points. New position long 24050, sell stop 24000 was closed for a loss of 150 DIA points. New position short DIA 24,000, cover short stop at 23900 for a gain of 100 points was closed due to wipeout move above 24,000, a new position long 23900, stop 240250 for a gain of 350 points.
Stock market old timers have said that “you buy the rumor, and sell the news”, and that is exactly what is happening right now, with the news that President Trump is about to start a metal tariff war, slapping 25% surcharge on steel and 10% on aluminum. DIA resistance is in the 27,000 area, with supports at 24135, 21354 and 18900 level, US dollar in a downtrend, resistance at 1.003319 CHF, support at .92 and 0.9: Gold in an uptrend, watch break resistance of 1377 to be taken soon. The massive Fed balance sheet contraction will result in a $600 billion dollars being dumped on the credit markets each quarter, a leftover of the horrendous $4.3 trillion money printing of Obama’s septic tank that will surely exert a severe pressure on stocks and financial assets.
We warned long ago that an organized attempt to remove President Trump from office is underway, and if this activity is not curtailed soon, the market will open on gap below 20,000 with next stop 17300 and 11800 support levels.
Stocks were up 231 to 24505, DJ futures at -294
Gold up to 1334.2 and USD/CHF up at 0.96 despite President Trump setting tariffs on Chinese products. Translation? As the dollar goes down, we have to wait and see if the new Fed Chair Jerome Powell will continue pressuring gold and the Eurasian block with it down below $1000/oz in an economic WW3. Watch sell stop at 24250. We have to wait and see if new Fed chair Powell will attempt to destroy Eurasian block by sending gold prices below 1000, despite the fact both Russia and China have been buying their whole gold production in local gold backed currency instead of money printing machines. In other words, US has lost controls of the precious metals complex, and with Trump’s infrastructure and tax cut campaign the National debt will soon be at, or over 30 trillion dollars, since D.C. swamp alligators have no intention dropping their pet projects. Read “Ziban Must Die” for more details on the coming collision of Trump’s administration with “Deep State” operators funded by the billionaires’ supporters of the New World.
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