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Chicago will get an elected school board for the first time under a measure signed into law Thursday by Gov. J.B. Pritzker. The new law would phase out a seven-member board of mayoral appointees for a 21-member elected board in place by 2027, allowing Chicago to join the vast majority of American cities that already have an elected board. The shift would start with the November 2024 election, with 10 elected members and 11 mayoral appointees, including board president.
A new collective of Latino actors, writers, directors and executives in Hollywood called “La Mesa” will host its inaugural “La Mesa Live Table Read” at the LATC Theater on Aug. 15. The event will spotlight unproduced pilot scripts by three up-and-coming Latinx television writers who have been paired with seasoned Latinx television directors. Writers Linda […]
KUALA LUMPUR, July 30 — After months of waiting for Parliament to reconvene, this week’s special Dewan Rakyat sitting ended abruptly yesterday with a lockdown on the entire complex after Covid-19...
KUALA LUMPUR, July 30 ― Since last Tuesday when Covid-19 self-test kits first went on sale at Sunway Pharmacy, about 5,000 kits have been sold. Other pharmacies Malay Mail visited also report brisk...
All products and services featured by Variety are independently selected by Variety editors. However, Variety may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes. There’s not much in the world that can make you feel like a star with as little effort […]
David Ayer has made no secret of his dislike for “Suicide Squad,” the 2016 film he directed that was released to lots of money but not-so-super reviews. But the upcoming release of James Gunn’s sequel/soft reboot, “The Suicide Squad,” has revived criticism of the original film — and, for some reason, him. And as a result, he’s made his longest public statement yet about it. In short, he unambiguously disavowed “Suicide Squad” as “not my movie.” On Wednesday night, film critic Tim Grierson random
The Yankees are getting another boost for their stagnant lineup.
Republican Texas Gov. Greg Abbott's newest immigration measure, allowing state troopers to pull over vehicles carrying migrants on the basis that they could increase the spread of COVID-19 in the U.S., brought swift backlash Thursday from the Justice Department as criticism of the order mounted. Attorney General Merrick Garland urged Abbott to immediately walk back the directive a day after it was issued by the two-term governor, who is up for reelection in 2022 and for months has sought to claim former President Donald Trump's hardline mantle on immigration. The letter from Garland is among the most forceful pushback yet from the Biden administration over the actions taken by Abbott along the U.S.-Mexico border, which have also included jailing migrants on state crimes and building new fencing along the Rio Grande.
It was a less than auspicious market debut for the controversial trading app Robinhood.In a rarity, the stock opened at its IPO price of $38 Thursday and then quickly headed south...dropping as much as 10 percent before cutting that decline roughly in half.There are concerns about the company's business model and the $32 billion market value it received during one of the most highly-anticipated IPOs of the year.Kathleen Smith of Renaissance Capital says that valuation doesn't necessarily stack up when you compare new-kid-on-the-block Robinhood to the venerable investing firm Charles Schwab."The company certainly does have value. The question is how it's valued relative to the existing circumstances. Schwab is trading at 5X trailing sales, and this offering is being put out at the $38 at 21X trailing sales. So, it's quite a premium to established brokers."Revenue at Robinhood jumped fourfold in the March quarter thanks to the trading mania in so-called meme stocks. Speaking at the IPO ceremony at the Nasdaq, Robinhood Markets CEO Vladimir Tenev was proud of what the company has accomplished."We didn't build Robinhood for the rich or those with decades of experience. We built it for everyone. We're humbled to be serving over 22 million people. And yet there's so much more to do."But its popularity also came at a cost.It's at the center of several regulatory probes.And it's still facing negative backlash from a decision earlier this year to restrict trading in a few popular stocks, which enraged U.S. lawmakers and app users.One way Robinhood sought to curry favor with its core audience was to set aside 20 to 35 percent of shares available in the IPO for actual users of the trading app.That, however, didn't help out the stock's debut, which was down more than 8 percent by the closing bell.
Steve Alexander has left ICM Partners after seven years as a partner on the heels of an expose in the Los Angeles Times that included allegations of sexual misconduct against the veteran agent. Alexander is accused of having exposed himself to a male industry executive while the two were driving in Alexander’s car in 2016. […]
French police sealed off a street in Paris late on Thursday due to an incident, the local police said on Twitter after local media reported that a car had crashed into a Paris cafe terrace injuring several people. Citing police sources, Le Parisien newspaper and BFM TV reported that a car had driven into an outdoor cafe terrace in Paris' 17th district. Paris police on Twitter told people to stay away from the scene.
S&P 500 and Dow futures opened slightly higher, while Nasdaq futures sank to track a decline in heavily weighted component Amazon.
Summer movie season is upon us — though the release schedule has never been more confusing, with some blockbusters heading directly to streaming, and various independent films insisting on the pre-pandemic model of opening exclusively in theaters. Let Variety help you find that next well-earned bit of escapism, whether it’s an action-packed rom-com (like “Jungle […]
In one community, vaccination rates above 80%; in the other just 26%. In one, compulsory testing; in the other, test are hard to come by and some are just resigned to catching COVID. Welcome to the Tokyo Olympics - a tale of two cities - life in the hermetically sealed "bubble" and outside in the rest of the host city. Here in the athletes' village and press center - an experiment in extreme COVID controls. Organizers say it's almost certainly the most tested community anywhere in the world.More than 50,000 athletes officials and journalists are tested before flying, upon arrival, then regularly - daily for athletes. So the positivity rate is just 0.02%.Athletes are quarantined if they test positive, journalists subject to strict rules and contract tracing.Masks are needed at all times and there's sanitizer all over the place.Almudena Rivera Martinez, a reporter for Spain's Marca sports paper, says the restrictions make work difficult. "For example in our case we can't go to a part of Tokyo with an athlete because because Tokyo is forbidden to us. The Japanese authorities have banned us for 14 days and the athletes also. We cannot walk around the venues or going straight from one to the other. So it limits our coverage because you can only speak to them in the mixed zone or over the phone, and I could have used the phone also from Spain."State of emergency Tokyo - where lockdown fatigue has set in, fourth time around. Bars are meant to close at 8 p.m., but many flout mostly voluntary restrictions. Many Tokyoites say the government pressing ahead with the Olympics made it feel acceptable to go out. In the densely populated Ikebukuro district this week, young people crowd onto outdoor stairs for a makeshift party. Yuka Toma works in the area part-time: "At this point, I think there's not much to do even if you get the coronavirus. I don't want to get infected, but there are many people who can't avoid it. I work in Ikebukuro (a densely populated city in Tokyo), and I'm also in the customer service industry. So no matter what I do, I'm bound to get it. I started to hang out with others since anyone could get it, no matter how hard they try not to."Tokyo's cases spiked to a record 3,865 on Thursday, from less than 1,000 daily in mid-July, although serious cases and deaths have stayed low.The games are being held with hardly any spectators and residents are asked to stay home.
U.S. stocks rallied across the board as a solid earnings season and upbeat economic data fueled optimism about the economy's recovery.The Dow gained 153 points. The S&P 500 rose 18. The Nasdaq jumped 15.After the closing bell, Amazon posted second-quarter sales of $113 billion compared to the $115 billion predicted by analysts, a rare sales miss. And its third-quarter sales outlook came in in way below forecasts. Amazon is seeing increased competition from Walmart and Target. Profits, however, beat expectations.One of the most highly anticipated market debuts of the year turned out to be a dud. Shares of Robinhood fell in their market debut, tumbling more than 8 percent on concerns about the controversial trading app's business model.On the economic front: the U.S. economy grew at a 6-1/2 percent annualized rate in the March to June period. Second-quarter gross domestic product, or GDP, did come in lighter than expected due to supply disruptions.But David Dietze, senior portfolio strategist at Peapack Private Wealth Management, said there was still much to like about this number. "Here's what I liked about it, first of all, is you look at that consumer expenditure metric that was actually up close to 12, higher than had been expected. And remember the consumer, 70 percent of the U.S. economy. So the consumer is out there alive and kicking well, and spending."Investors also say the number wasn't hot enough to change the view that the Fed is on hold from withdrawing its extraordinary assistance to the economy.In other economic data: new claims for unemployment benefits came down last week to 400,000.And pending home sales, which measure signed contracts for home purchases, dipped in June - led by big declines in the South and the West.
Here's what you need to know about spyware — and how to keep your devices safe.
Halsey is giving fans a new glimpse of her other baby: the second trailer for If I Can’t Have Love, I Want Power is now out.
The Tokyo Olympics is running a village for athletes and coaches where more than 80% are vaccinated against the coronavirus, testing is compulsory and movement is stringently curtailed. The athletes’ village and Olympic press centre represent a huge, strict COVID-19 control zone for the more than 50,000 competitors, coaches, staff and journalists. Meanwhile, outside the fence, host city Tokyo - despite labouring through its fourth coronavirus lockdown as infections spike to record highs - is leading something like life as pandemic-normal.
Industry veteran Bob Merlis has been involved with publicity efforts on behalf of ZZ Top for the better part of four decades of the band’s 50+ year existence. He was publicity director at Warner Bros. Records when the group signed with that label in the late 1970s and estimates that he’s seen them perform more […]