May 20, 2024

Archives for March 2018

Tech Fix: Want to Purge Your Social Media Timelines? Can You Spare a Few Hours?

“If you say something online, it has a different kind of permanence,” Ms. Papacharissi cautioned. “It’s always there to haunt you.”

So over the last two months, I decided to do something different by trying to erase that permanence. Specifically, I used web tools to eradicate the vast majority of my Facebook and Twitter posts. Those turned out to be impractical and tedious to use — though automated, the programs were flawed and missed many posts after several attempts. The chore took about five hours, spread out over weeks.

While I walked away from the ashes of my digital self feeling less haunted, I confess my methods may not be worth the trouble, though there are other, more practical solutions. Yet cleaning up your timeline is an exercise I recommend in moderation if you care about your privacy.

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Here’s how I did it — and what I learned.

Testing the Cleaners

Since Facebook and Twitter offer no simple method for doing a mass purging of timelines, you will likely have to rely on third-party tools. I picked two well-reviewed programs: TweetDelete for cleaning up my Twitter account and Social Book Post Manager for handling my Facebook account.

TweetDelete was simple to put to work. It’s a web app you install by visiting the tool’s website, tweetdelete.net, and authorizing the application to connect with your Twitter account.

From there, you can choose to delete tweets that are more than a week old. The app takes a few minutes to delete large batches of your tweets. One major caveat: Because of a technical limitation, TweetDelete can delete only the last 3,200 tweets on your account. So to clear out roughly 14,000 tweets that were more than a year old, I had to run the app four times. (I’ve had a lot to say on Twitter over the last decade, O.K.?)

My Facebook timeline was tougher to manage. After skimming my last 14 years’ worth of Facebook posts, I concluded there was nothing worth keeping. So I opted to purge everything.

I installed Social Book Post Manager, a free add-on for the Chrome web browser. This app was more rudimentary: It essentially scrolled through my timeline and clicked on the “delete” button for each of my posts for me.

Social Book Post Manager lets you delete months’ or years’ worth of content — or everything, which I chose. The problem was, even after I used the app to scrub through my entire timeline six times, the tool missed about a dozen posts. There is a setting to adjust the speed at which the app deletes posts, and I had to choose the minimum speed to do a complete purge.

Video

Why Leaving Facebook Doesn’t Always Mean Quitting

In the wake of the Cambridge Analytica scandal, in which data from over 50 million Facebook profiles was secretly scraped and mined for voter insights, many Facebook users have decided to delete their accounts — but untangling yourself from a site like Facebook is not as easy as pressing “delete.”

By AINARA TIEFENTHÄLER, DEBORAH ACOSTA and ROBIN STEIN on Publish Date March 21, 2018. . Watch in Times Video »

The process was agonizing: I watched years of my youth play back in slow motion, including dated, satirical jokes and photos of myself wearing vintage clothing back when that was a fashion trend, before the tool deleted each post one at a time.

Is It Worth the Effort?

After I finished scrubbing my Facebook timeline, I concluded that my delete-everything approach was probably not worth most people’s time. And even after all that time, my Facebook timeline was still decorated with posts that my friends had published about me — including photos from my 21st birthday (need I say more?) — because that content was not mine to delete.

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Gennie Gebhart, a researcher who follows privacy and surveillance issues for the Electronic Frontier Foundation, a digital-rights nonprofit, found a simpler approach. She connected her Facebook and Twitter accounts with the app Timehop.

To help people reminisce, Timehop every day surfaces photos and posts published from years past on Twitter and Facebook. Ms. Gebhart uses the tool to incrementally audit her timeline to see if there was something from the past she might not want lingering around.

She said that she rarely found posts worth deleting, but that most people might enjoy this light exercise for peace of mind — and to protect their public reputations.

Facebook representatives said that based on feedback, the company recognized that people had different needs for managing their timelines. So it offers a privacy setting for people to limit the visibility of their older timeline posts. Similar to Timehop, Facebook also occasionally surfaces old memories from people’s timelines to help them reminisce.

Twitter did not respond to requests for comment.

Beyond the technological difficulties of doing a social media purge, you may decide it’s not right for you. Ms. Papacharissi, the communication professor, said people formed sentimental attachments to their memories on social media, as they do with clothing and old photographs.

“They present a timeline of who we were, of who we are now and who we would like to be,” she said. “It’s like this always-on story. It’s difficult to disconnect that.”

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Article source: https://www.nytimes.com/2018/03/28/technology/personaltech/social-media-timeline.html?partner=rss&emc=rss

John Legend and ‘Jesus Christ Superstar’ Co-Stars on Faith and Musicals


John Legend (Jesus)

Photo
“I had a hard time turning down the role of Jesus Christ,” said John Legend, above in rehearsals for “Jesus Christ Superstar.” Credit Eric Liebowitz/NBC

On religion I grew up in a Pentecostal Christian family, pretty fundamentalist. My grandfather was my pastor growing up. My dad is a pastor himself and played drums in the church choir, my mother was a choir director, and my grandmother was the church organist. My dad would even play Jesus in some of our passion plays in church. I’m not religious now, I would say, but there’s no way that you are raised in that environment, and also grow up singing that music, without it having an impact on your life.

On musicals My first contact with Andrew Lloyd Webber was in a show choir, “Glee”-style, where we would sing show tunes. And I was in a few actual theater productions — “Big River,” “Fiddler on the Roof,” and “You’re a Good Man, Charlie Brown” — when I was in high school. The hardest part now was just learning all the material — I’m so used to performing songs that I wrote for myself.

On Jesus Preparing for this particular role is not just about understanding historical Jesus. A lot of it goes back to thinking about love, and what that means — love for the people who are close to you, but also for mankind, and what that means when it comes to thinking about the sacrifice that he was willing to make.

On ‘Superstar’ The show is an interesting conceit — the idea of thinking about the real human emotions that someone that a lot of people see as a deity may have felt; the idea that he might have felt doubt and fear and resentment toward his father; the idea that he was betrayed by his friends. And, in this show, Andrew and Tim suggest that Judas may have had a point — Judas may have had really good reasons for questioning Jesus’s m.o.

Brandon Victor Dixon (Judas)

Photo
“Judas is far less culpable of the things that he is accused of than people assume,” Brandon Victor Dixon said. Credit Virginia Sherwood/NBC

On religion I grew up in the Episcopal Church, went to private school in that church, went to chapel every day. It was a constant through my adolescence. Then we started to shift, to the Unitarian church. Now, spirituality plays a role in my life, but not religion. For me religion is a political construct, and spirituality is a community construct, and there’s a real difference.

On musicals I work in musical theater because people keep writing quality stories in the genre, and I’m really all about investing in a piece that says something about our current time, that is a reflection on who we are today.

On Judas What I’ve learned is that Judas is far less culpable of the things that he is accused of than people assume. Judas feels acutely a perversion of the message, and he also feels the danger of the message getting out of control — of dedication and love and unity and community turning into fanaticism and zealotry.

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On ‘Superstar’ I had never seen the show, had never heard the soundtrack — I really had no clue until I got this job. I watched the movie up until Judas was dead — that probably says something about my own personal character — and then we were in rehearsal and I overheard the musical director saying something about ‘You know, after Judas comes back’ — and I was like, ‘What? Judas comes back?’ And I went home and I finished the movie and found out Judas comes back and sings the best song in the entire show. I was floored.

Sara Bareilles (Mary Magdalene)

Photo
“She’s actually a very powerful figure,” Sara Bareilles said of Mary Magdalene. Credit Virginia Sherwood/NBC

On religion I’m definitely someone who has faith and a belief in God and the workings of the universe at large, but I don’t subscribe to a particular doctrine. I grew up Catholic, and I went to Catholic school, so the story of Jesus and the crucifixion are very near and dear to my heart. I still go to Catholic Mass with my parents when I go home. The ritual and the familiarity and the comfort of our church community growing up is something I look back on really fondly now, even though I don’t go to church any more.

On musicals It’s this medium that exists somewhere between feet-on-the-ground and lifting off. It’s sort of elevated reality, where you get to tell really beautiful stories, but everything is slightly surreal, and I really love what unlocks emotionally for people.

On Mary Magdalene She’s actually a very powerful figure, and she is really motivated by her love for Jesus and his message. Historically, she was definitely a disciple and a believer and a champion of his message. She’s got laser focus on her support of Jesus, in my interpretation, and that’s how I’m coming to it, with a pure sense of the ultimate kind of love for someone.

On ‘Superstar’ I rented the film — I was probably 12 or 13 and I was really into a lot of Andrew Lloyd Webber’s musicals at the time, and I was listening to everything I could get my hands on. I remember just being really emotional about the music. What was so avant-garde and so revolutionary about Tim and Andrew’s approach was that they really emphasized the humanity of these figures that have become so mythologized for us over the years. For someone who grew up in the church, as intimate as your relationship to Jesus can be, it’s really interesting and nuanced to look at him as a human and to look at Mary as a human and Judas as a human.

Alice Cooper (King Herod)

Photo
“He’s going to be sort of an Elvis impersonator,” Alice Cooper said of his portrayal of King Herod. Credit Virginia Sherwood/NBC

On religion My dad was a pastor. My grandfather was an evangelist. And my wife’s father is a Baptist pastor. I was basically the prodigal child — I grew up in the church, went as far away as you could possibly go, and then came back. When I got sober, I started understanding — I had all the fame and the money and everything that went with it, but I started realizing what was important to me was my relationship with Jesus Christ, who I just absolutely torture in this show.

I study the Bible every morning. When I’m at home I have a Wednesday morning men’s Bible study. I pray before every show. I go to church every Sunday with my wife and kids. I don’t think I’ve ever been more happy in my life. People say, ‘Think of all you gave up to be a Christian.’ What did I give up? Dying of alcoholism? I’m not giving anything up. I’m giving it back, to him.

On musicals I am just fascinated by the musical. One of my Sirius stations is always Broadway. ‘A Chorus Line’ was one of the greatest ones. And ‘Guys and Dolls’ — my dad was a big fan of Damon Runyon.

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When I was 16, we had a band called The Spiders, in Phoenix, and we got a call for a production of ‘Bye Bye Birdie’ — ‘Would you guys be the Birdies?’ So we got to be in this run, in real theater. That may have been where the whole Alice Cooper theatrics came from.

On Herod I think he’s going to be sort of an Elvis impersonator — I’m all in gold, and I’ve got a gold suit on that fits really good. The director wants this guy to be half rock star, half king. That’s how I want to play this. This Herod is a swirling mass of paranoia and ego. He starts out being very egocentric, but he’s getting angrier and angrier as it goes along, and pretty soon at the very end he’s right in Jesus’s face — he’s so tired of this guy.

On ‘Superstar’ There has never been a character in history that has ever had more written about him than Jesus Christ. There’s an underlying thing that everybody still wants to know who this guy was.

Continue reading the main story

Article source: https://www.nytimes.com/2018/03/29/arts/john-legend-and-the-jesus-christ-superstar-cast-on-faith-and-musicals.html?partner=rss&emc=rss

John Legend and the ‘Jesus Christ Superstar’ Cast on Faith and Musicals


John Legend (Jesus)

Photo
“I had a hard time turning down the role of Jesus Christ,” said John Legend, above in rehearsals for “Jesus Christ Superstar.” Credit Eric Liebowitz/NBC

On religion I grew up in a Pentecostal Christian family, pretty fundamentalist. My grandfather was my pastor growing up. My dad is a pastor himself and played drums in the church choir, my mother was a choir director, and my grandmother was the church organist. My dad would even play Jesus in some of our passion plays in church. I’m not religious now, I would say, but there’s no way that you are raised in that environment, and also grow up singing that music, without it having an impact on your life.

On musicals My first contact with Andrew Lloyd Webber was in a show choir, “Glee”-style, where we would sing show tunes. And I was in a few actual theater productions — “Big River,” “Fiddler on the Roof,” and “You’re a Good Man, Charlie Brown” — when I was in high school. The hardest part now was just learning all the material — I’m so used to performing songs that I wrote for myself.

On Jesus Preparing for this particular role is not just about understanding historical Jesus. A lot of it goes back to thinking about love, and what that means — love for the people who are close to you, but also for mankind, and what that means when it comes to thinking about the sacrifice that he was willing to make.

On ‘Superstar’ The show is an interesting conceit — the idea of thinking about the real human emotions that someone that a lot of people see as a deity may have felt; the idea that he might have felt doubt and fear and resentment toward his father; the idea that he was betrayed by his friends. And, in this show, Andrew and Tim suggest that Judas may have had a point — Judas may have had really good reasons for questioning Jesus’s m.o.

Brandon Victor Dixon (Judas)

Photo
“Judas is far less culpable of the things that he is accused of than people assume,” Brandon Victor Dixon said. Credit Virginia Sherwood/NBC

On religion I grew up in the Episcopal Church, went to private school in that church, went to chapel every day. It was a constant through my adolescence. Then we started to shift, to the Unitarian church. Now, spirituality plays a role in my life, but not religion. For me religion is a political construct, and spirituality is a community construct, and there’s a real difference.

On musicals I work in musical theater because people keep writing quality stories in the genre, and I’m really all about investing in a piece that says something about our current time, that is a reflection on who we are today.

On Judas What I’ve learned is that Judas is far less culpable of the things that he is accused of than people assume. Judas feels acutely a perversion of the message, and he also feels the danger of the message getting out of control — of dedication and love and unity and community turning into fanaticism and zealotry.

Advertisement

Continue reading the main story

On ‘Superstar’ I had never seen the show, had never heard the soundtrack — I really had no clue until I got this job. I watched the movie up until Judas was dead — that probably says something about my own personal character — and then we were in rehearsal and I overheard the musical director saying something about ‘You know, after Judas comes back’ — and I was like, ‘What? Judas comes back?’ And I went home and I finished the movie and found out Judas comes back and sings the best song in the entire show. I was floored.

Sara Bareilles (Mary Magdalene)

Photo
“She’s actually a very powerful figure,” Sara Bareilles said of Mary Magdalene. Credit Virginia Sherwood/NBC

On religion I’m definitely someone who has faith and a belief in God and the workings of the universe at large, but I don’t subscribe to a particular doctrine. I grew up Catholic, and I went to Catholic school, so the story of Jesus and the crucifixion are very near and dear to my heart. I still go to Catholic Mass with my parents when I go home. The ritual and the familiarity and the comfort of our church community growing up is something I look back on really fondly now, even though I don’t go to church any more.

On musicals It’s this medium that exists somewhere between feet-on-the-ground and lifting off. It’s sort of elevated reality, where you get to tell really beautiful stories, but everything is slightly surreal, and I really love what unlocks emotionally for people.

On Mary Magdalene She’s actually a very powerful figure, and she is really motivated by her love for Jesus and his message. Historically, she was definitely a disciple and a believer and a champion of his message. She’s got laser focus on her support of Jesus, in my interpretation, and that’s how I’m coming to it, with a pure sense of the ultimate kind of love for someone.

On ‘Superstar’ I rented the film — I was probably 12 or 13 and I was really into a lot of Andrew Lloyd Webber’s musicals at the time, and I was listening to everything I could get my hands on. I remember just being really emotional about the music. What was so avant-garde and so revolutionary about Tim and Andrew’s approach was that they really emphasized the humanity of these figures that have become so mythologized for us over the years. For someone who grew up in the church, as intimate as your relationship to Jesus can be, it’s really interesting and nuanced to look at him as a human and to look at Mary as a human and Judas as a human.

Alice Cooper (King Herod)

Photo
“He’s going to be sort of an Elvis impersonator,” Alice Cooper said of his portrayal of King Herod. Credit Virginia Sherwood/NBC

On religion My dad was a pastor. My grandfather was an evangelist. And my wife’s father is a Baptist pastor. I was basically the prodigal child — I grew up in the church, went as far away as you could possibly go, and then came back. When I got sober, I started understanding — I had all the fame and the money and everything that went with it, but I started realizing what was important to me was my relationship with Jesus Christ, who I just absolutely torture in this show.

I study the Bible every morning. When I’m at home I have a Wednesday morning men’s Bible study. I pray before every show. I go to church every Sunday with my wife and kids. I don’t think I’ve ever been more happy in my life. People say, ‘Think of all you gave up to be a Christian.’ What did I give up? Dying of alcoholism? I’m not giving anything up. I’m giving it back, to him.

On musicals I am just fascinated by the musical. One of my Sirius stations is always Broadway. ‘A Chorus Line’ was one of the greatest ones. And ‘Guys and Dolls’ — my dad was a big fan of Damon Runyon.

Advertisement

Continue reading the main story

When I was 16, we had a band called The Spiders, in Phoenix, and we got a call for a production of ‘Bye Bye Birdie’ — ‘Would you guys be the Birdies?’ So we got to be in this run, in real theater. That may have been where the whole Alice Cooper theatrics came from.

On Herod I think he’s going to be sort of an Elvis impersonator — I’m all in gold, and I’ve got a gold suit on that fits really good. The director wants this guy to be half rock star, half king. That’s how I want to play this. This Herod is a swirling mass of paranoia and ego. He starts out being very egocentric, but he’s getting angrier and angrier as it goes along, and pretty soon at the very end he’s right in Jesus’s face — he’s so tired of this guy.

On ‘Superstar’ There has never been a character in history that has ever had more written about him than Jesus Christ. There’s an underlying thing that everybody still wants to know who this guy was.

Continue reading the main story

Article source: https://www.nytimes.com/2018/03/29/arts/john-legend-and-the-jesus-christ-superstar-cast-on-faith-and-musicals.html?partner=rss&emc=rss

Trump: Amazon pays little or no taxes & puts thousands of retailers out of business

According to a report by the US news and information website Axios, Trump is planning to “go after” the world’s largest online retailer amid growing concerns that Amazon’s business is killing physical shopping malls and mom-and-pop retailers. “He’s obsessed with Amazon,” the media reported, citing one of five sources familiar with the issue.

The US president is reportedly planning to change the tax treatment of the firm. The question was previously raised by Trump when he urged the government to impose an internet tax on online retailers.

“The president has said many times before he’s always looking to create a level playing field for all businesses and this is no different,” said White House spokeswoman Sarah Sanders, commenting on the media report. “He’s always going to look at different ways, but there aren’t any specific policies on the table at this time.”

Donald Trump has never been a fan of Amazon, blasting the company on social media during his election campaign, as well as during the first year as president. Trump had previously criticized the Washington Post, owned by Amazon CEO Jeff Bezos, for posting fake news.

The president also said that Amazon’s business had triggered job losses for regular citizens, while US Treasury Secretary Steven Mnuchin hinted that the White House might take “a position” on Amazon’s tax-collection policy.

On Wednesday, Amazon’s stock closed 4.38 percent down at $1,431.42 per share. Company stock has nearly quadrupled over the last three years, making its founder Jeff Bezos the wealthiest person on the planet.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/422665-amazon-billions-losses-trump-pressure/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Apple’s Tim Cook slams Zuckerberg over Facebook’s privacy profiteering

According to Cook, detailed profiles of individuals compiled by internet platforms should not exist.

In an interview with tech news website Recode and MSNBC, he said that he would prefer if Facebook and others would have curbed their use of personal data to build “these detailed profiles of people… patched together from several sources.”

Facebook says it will cease cooperation with all third-party data collectors

“We could make a ton of money if we monetized our customers, if our customers were our product,” Cook said. “We’ve elected not to do that… We’re not going to traffic in your personal life. Privacy to us is a human right, a civil liberty.”

Cook also said that it is past time to regulate Facebook, claiming “the best regulation is no regulation, is self-regulation.” He added: “However, I think we’re beyond that here.”

In the current Cambridge Analytica scandal, the personal information of 50 million American Facebook users was reportedly used by the political consulting firm without the individuals’ consent.

Concerns over mass data collection by Facebook and Google have been voiced by the Apple CEO for years. Cook has pointed out the distinction between Apple’s business model of selling products to customers for a profit, and that of internet platforms that are “gobbling up everything they can learn about you and trying to monetize it.”

When asked what he would do if he were Facebook CEO Mark Zuckerberg, the executive said: “I wouldn’t be in this situation.”

On Friday, another Silicon Valley CEO, Elon Musk, deleted the Facebook pages of two of his companies, Tesla and SpaceX.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/422661-apple-cook-criticism-facebook/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Anbang Was Seized by China. Now, It Has a Deal for You.

The government “would think of solutions,” Ms. Cheng said. “Since they allowed this indulgence, they should be there to clean up the mess.”

China has a problem with debt. Shadowy, underground lenders have flooded the country with a staggering $15 trillion in credit, which threatens to hobble its economy.

Beijing now appears to be taking a harder stance with the companies in need of a bail out. On Wednesday, Chinese authorities accused a founder of Anbang, who was the deal maker who bought the Waldorf Astoria, of bilking investors of more than $10 billion. In a country where courts tend to convict, the accusations raised the likelihood that the executive, Wu Xiaohui, could face life in prison.

Officials have also spent the past two years trying to contain the risk. Earlier this month, the Chinese government said it would merge the country’s banking and insurance regulators in an effort to close regulatory loopholes.

Central to that effort is keeping a tighter rein on products like Anbang’s Abundant Stability No. 10. Many small investors believe that means the government backs them. Anbang also calls them “universal insurance products,” making them sound conservative.

The truth is more complicated.

Abundant Stability No. 10 is closer to what in China is called a wealth management product. Wealth management products on paper are not backed by the government, but state-run banks act as middlemen and sell them to small investors, giving many people the perception that they are. The salespeople often know little about what is backing them — or how the people ultimately behind them will pay the money back.

Abundant Stability No. 10, for example, requires only a $4,600 investment over three years. In return, investors are promised a payout that is triple what Chinese savers might get by parking their money in a savings account. On the phone, salespeople at one state-run Chinese bank, China Merchants, said the payout could be even higher, perhaps 10 times what a savings account pays out.

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Shen Gang, an Anbang spokesman, said that banks were an important channel for the company’s insurance products and that the government takeover had not changed the operations of Anbang at all. “Anbang has always been very stable on the financial front,” he said. “As such, the selling of our products is a normal business activity.”

Li Yan, 48, a founder of a technology company, bought a universal insurance product from Taikang Insurance, an Anbang rival. She said she was a “teeny bit” concerned about the government takeover of Anbang but “didn’t think it’s a huge problem,” citing the two insurers’ political connections.

“Aren’t insurance companies not allowed to go bankrupt?” she said.

The Chinese authorities have pressured big issuers to slow down. In November, they proposed tightening disclosure rules and stopping firms from guaranteeing payments to investors, among other steps.

Photo
Anbang has used the money it raised from investment products to help pay for risky deals like the purchase of the Waldorf Astoria hotel in New York and other flashy properties around the world. Credit Karsten Moran for The New York Times

Data suggest China is making some headway. The total outstanding balance of wealth management products issued by Chinese banks was about $4.7 trillion in 2017, up just 1.7 percent from a year before, according to China Wealth, a state-backed company that tracks China’s wealth management products. Two years ago, sales were growing at roughly 50 percent.

“I would say that the risk of the debt crisis has come down because of what the government has done,” said Wang Tao, head of Asia economics for UBS Investment Bank. “The problem is not entirely resolved but it’s moving in the right direction.”

Still, the government has a lot of work to do before investors shake the notion that the government amounts to an eternal safety net.

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In his last news conference as China’s central bank governor, Zhou Xiaochuan, long a proponent of Chinese financial overhauls, said on March 9 that the country had to strengthen investor education. He said investors had to “fully learn” about new financial products before they bought them.

“If you want to use them, you have to take your own risks and find out for yourselves,” he said. “You can’t leave it entirely to the regulators to manage them.”

Zhu Ning, a Tsinghua University economist, said the only way the government can prevent investors from taking on more risk that they can handle is to allow for “some real failures.”

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China has been reluctant to allow for failures. Fearing mass unrest, the ruling Communist Party has repeatedly instructed Chinese banks and local officials to cave in to angry investors, who have protested outside government offices after losing their investments.

The real test, according to Mr. Zhu, could come later this year, when wealth management products issued years earlier have to be paid back.

“Nonperforming loans are going to be so severe that some of the weaker banks will be forced to face their Judgment Day — whether they are going to be bailed out or whether they are going to die,” he said.

In the last five years or so, retail investors have poured money into wealth management products that enabled China’s developers to circumvent laws to buy land, “zombie” state-owned enterprises facing overcapacity problems to borrow, and debt-laden local government financing vehicles to take on more leverage.

In the case of Anbang, it helped the company raise money for trophy acquisitions such as the Waldorf Astoria.

“They were just buying up assets, playing the markets and investing overseas, which, of course, isn’t really beneficial to China’s economy,” said Christopher Aston, an associate consultant in Shanghai at Control Risks, a global risk consultancy, who is writing a book on his experience in a Chinese shadow bank.

The market is still booming for Anbang. According to data from China’s insurance regulator, Anbang earned $9.2 billion in income derived mostly from universal life insurance products in January, compared with just $1.3 million a year before.

Very few investors in China tend to ask where the money is going. Part of the problem is that many people became cash-rich in a relatively short period of time without an industry of financial advisers that is common in the West.

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“The investment mentality really has not evolved,” said Lester Ross, chair of the insurance forum of the American Chamber of Commerce in China. “It’s rather recent.”

Meng Hongxia, a hotel employee who says she earns $480 a month, was considering such a product while inside a branch of China Merchants. She said she was mulling putting her entire savings of nearly $8,000 in a wealth management product because it promised a yield of more than 4 percent and guaranteed repayment.

“What do you think?” she said, when asked about the product. “Should I invest?”

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Article source: https://www.nytimes.com/2018/03/29/business/anbang-china-investments.html?partner=rss&emc=rss

Trade Deals Take Years. Trump Wants to Remake Them in Months.

In what might be the most difficult trade fight ahead, the Trump administration is taking steps to impose tariffs on up to $60 billion a year worth of goods from China as soon as late April.

Video

What Bananas Tell Us About Trade Wars

The banana wars were spats that escalated, tariff by tariff, into a decades-long dispute between the United States and the European Union.

By ERICA BERENSTEIN on Publish Date March 24, 2018. Photo by Vincent Tullo for The New York Times. Watch in Times Video »

Behind the rapid pace is a political promise Mr. Trump made both as a candidate and as president that he would rip up global trade deals that did not work for the United States and rewrite them to favor domestic companies and workers. With the 2018 midterm elections fast approaching and many Republicans in vulnerable positions, Mr. Trump is trying to win agreements that will appeal to his base and help keep Republican control of Congress.

If Mr. Trump’s push works, it could hasten the biggest rewrite of trade rules around the world since 118 nations agreed in Geneva in 1993 to create the World Trade Organization.

But the rush carries significant risks. Hasty deals could do little to solve major, long-running problems for the United States, like China’s financial support for its homegrown companies. New tariffs could also prompt the United States’ biggest trading partners to push back and ignite a trade war or a serious geopolitical confrontation. And it could simply prompt some nations to pull back from the United States, rather than accede to demands that may be unpalatable back home.

“You get this thing rolling and it gets hard to stop,” said Nelson G. Dong, an international investment and technology lawyer in the Seattle office of Dorsey Whitney, a law firm. “Each side gets its manhood challenged.”

There are legal risks as well. Trade pacts are usually inspected minutely by lawyers on both sides before they are signed. The United States is trying to conclude a rapid-fire series of them at a moment when the office of the United States trade representative is short-staffed for budgetary reasons. Many governments plan to challenge Mr. Trump’s trade actions at the World Trade Organization including Canada, which has already filed a sweeping trade case.

For now, Mr. Trump’s highly ambitious agenda lacks even a clear schedule for trade ministers to meet and sort out the details. The approach has irritated trade ministers in Canada, China, the European Union and Mexico, who have made clear that they would prefer the United States address its chronic trade deficits in a quieter and more collegial manner.

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In the case of South Korea, the high-pressure tactic returned results — though it is not yet clear how much Seoul’s concessions will help American workers.

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The Essar Steel Algoma plant in Sault Ste. Marie, Ontario, Canada. President Trump is demanding that Canada and Mexico agree to a rewrite of Nafta in a matter of weeks. Credit Ian Willms for The New York Times

Under the deal announced on Wednesday, South Korea will reduce its steel exports to the United States by nearly one-third to avoid getting hit with new American steel tariffs. South Korea also agreed to double, to 50,000, the number of American cars that it will allow to be imported each year into the country without meeting South Korea’s unique safety standards, which have been criticized for decades by American and European officials as a trade barrier.

South Korean demand for American cars appears to be growing, but the new rules may not provide an immediate increase for Detroit. According to the Korea Automobile Importers and Distributors Association, the number of cars imported from the United States remains below the 25,000 cap, reaching 20,019 last year.

Still, the South Korea examples offers a look at what Mr. Trump may be seeking by pressuring trading partners for quick deals. Mr. Trump strongly hinted last week that his goal in confronting trading partners was a negotiated settlement, as opposed collecting billions of dollars from new tariffs.

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“I believe that, in many cases — maybe all cases — we’ll end up negotiating a deal,” he said.

It is not clear how well that approach will work with China, a much bigger and more pugnacious trading partner. Chinese officials have repeatedly said that they object to threats but do see room to reduce the country’s trade barriers. Premier Li Keqiang said in a speech this month that China was ready to lower tariffs on imported cars and some other items.

“We will make more efforts on market opening, promote industrial updating and the development of balanced trade, and provide more choices for consumers,” he said.

Comments like that have some analysts predicting that a deal will be reached. “The most likely outcome is that China will concede,” said Larry Hu, an economist in the Hong Kong office of Macquarie Securities.

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Robert Lighthizer, the United States trade representative. Credit Tom Brenner/The New York Times

But significant risks remain of a possible trade war by the end of next month.

“Nafta could get some result by that date and the European Union might have a deal by then, but in the case of China, this will be more difficult,” said He Weiwen, a former Chinese Commerce Ministry official and longtime trade expert. “The Chinese are very mad.”

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Already some in the Trump administration are spoiling for a fight over the W.T.O., which arbitrates international trade disputes.

Mr. Lighthizer and many other Democratic and Republican trade experts have repeatedly complained that the W.T.O.’s process for reviewing and solving trade disputes has put the United States and Western countries at a disadvantage.

Critics in the United States complain that the W.T.O. allows China to keep steep trade barriers: triple the average tariffs of the United States and double the average tariffs of the European Union. China’s retort is that the West agreed to the tariffs in the 1990s, and that a deal is a deal, not to be changed unless the West offers further concessions.

Pascal Lamy, the former director general of the W.T.O., said that what the United States accomplishes could depend to a considerable extent on whether it seeks a broad opening up of international trade, including a requirement that China remove many trade barriers, or whether the United States ends up protecting its own market.

“If the United States carpet bombing on trade is about opening a negotiation, which is one of the interpretations, then I think there is ample room to improve the rules of the W.T.O.,” he said.

But he added that if American officials “are after blowing up the multilateral system, then it is a very serious issue.”

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Article source: https://www.nytimes.com/2018/03/28/business/trump-china-world-trade.html?partner=rss&emc=rss

Walmart Pulls Cosmo From Checkout. Plus! Guess Who’s Claiming Victory.

Nevertheless, the National Center on Sexual Exploitation, an advocacy group that has campaigned against what it calls Cosmopolitan’s “hyper-sexualized and sexually objectifying” content, took some credit for the move on Tuesday, citing its “collaborative dialogue” with Walmart.

“This is what real change looks like in our #MeToo culture,” said Dawn Hawkins, the group’s executive director, in a statement.

A Cosmopolitan spokesman declined to directly address the group’s description but emphasized the publication’s focus on female empowerment.

“We are proud of all that the brand has achieved for women around the world in the areas of equality, health, relationships, career, politics and social issues,” he said in a statement.

The magazine, which will still be available for purchase on periodical racks on Walmart stores, has been a focus of the nonprofit group for years. In 2015, the organization started a campaign to get stores to shield Cosmopolitan’s headlines and covers behind blinders or wraps similar to those that frequently cover pornographic material.

At that time, it worked with Victoria Hearst, the granddaughter of William Randolph Hearst, who founded Cosmopolitan’s publisher, the Hearst Group. The joint effort appeared to be successful.

Ms. Hearst, who now runs a “Cosmo Hurts Kids” campaign aimed at stopping the sale of the magazine to children under 18, was not involved in the center’s current push, according to according to Haley Halverson, the organization’s vice president for advocacy and outreach.

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The group, which was founded in 1962 and was previously known as Morality in Media, has continued to focus on Cosmopolitan in part, Ms. Halverson said, because the magazine was “targeting young girls” with its messaging.

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“A young teenager who first picks up Cosmo is going to be attracted to the bubble gum pink cover and to stories about Selena Gomez and One Direction,” Ms. Halverson said. “But within the covers, Cosmo is filled with extremely explicit articles that detail things like sexting, pornography, group sex, public sex and other forms of risky sex that actually a lot of young girls today are being pressured to do before they’re ready.”

Ms. Halverson also said the group viewed its efforts as especially important in the midst of the continuing conversation around sexual harassment that was sparked by the #MeToo movement.

“Cosmopolitan really likes to wrap itself up in its faux feminist mystique where they’re claiming that because they’re talking about sex, it’s liberating to women,” she said. “But it’s time to raise the level of discourse and say, ‘Well, are they talking about sex in an actually empowering or productive way?’”

When asked, Ms. Halverson could not think of an example of a publication or media organization discussing sexuality in the manner she described.

The statement linking Cosmopolitan to #MeToo culture was met with some skepticism online. The magazine has written multiple articles about the #MeToo movement, as well as the sexual assault and consent issues at its center.

In an article for Vogue, Michelle Ruiz, a former sex and relationships editor at Cosmopolitan, wrote that the publication has long advocated for consensual adult sex and has recently shifted its focus to women’s sexual pleasure.

John Harrington, a publishing industry consultant who until 2015 published a newsletter covering the magazine business, linked Walmart’s decision to larger trends. As magazine sales continue to decline, Mr. Harrington said, it was likely that Cosmopolitan’s sales at Walmart were following that trend.

But he also said that the retailer historically had appeared more responsive than other retailers to pressure from outside groups.

In the past, “they have occasionally moved magazines like Cosmopolitan and Glamour on an issue-by-issue basis,” Mr. Harrington said.

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In 2003, Walmart announced plans to obscure the covers of those two publications, as well as Redbook and Marie Claire. That same year, its stores also stopped selling the men’s magazines Maxim, Stuff and FHM after pressure from Christian groups.

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Article source: https://www.nytimes.com/2018/03/28/business/media/walmart-cosmo.html?partner=rss&emc=rss

Heineken Pulls ‘Lighter Is Better’ Ad After Outcry Over Racism


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Heineken removed a series of commercials featuring the tagline “sometimes, lighter is better” after one of the ads was criticized as racist. Credit Peter Dejong/Associated Press

Heineken pulled a series of commercials for light beer this week that featured the tagline “sometimes, lighter is better,” after one of the ads was criticized as racist.

The brewer, which became the latest company to face criticism over marketing that appears to support a preference for fair complexions, responded to the controversy on Monday.

“We missed the mark, are taking the feedback to heart and will use this to influence future campaigns,” Heineken U.S. said.

In the ad, a vigilant bartender spots a faraway female patron gazing disappointingly at a wine glass. Quickly, he opens a beer bottle and slides it down the bar.

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On its journey over multiple surfaces, the bottle skates past two black women and a black man before stopping at the wine glass. The phrase “sometimes, lighter is better” flashes on screen before the woman, who has lighter skin, inspects the bottle.

Heineken ‘Lighter is better’ ad. Video by Mary Berry

The ad, which appeared in a handful of markets, including the United States, Australia and New Zealand, belonged to a series that was introduced in early March on television and online. Heineken decided to drop the line of commercials on Monday.

The musician Chance the Rapper distilled much of the criticism in a series of tweets a day earlier, calling the ad “terribly racist.”

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Article source: https://www.nytimes.com/2018/03/28/business/media/heineken-racist-ad.html?partner=rss&emc=rss

‘Roseanne’ Revival Wins Huge TV Ratings


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The actress and executive producer Roseanne Barr at the premiere of “Roseanne” in Burbank, Calif., last week. The star, a supporter of President Trump, has said the show would deal with the hot political moment the country is in. Credit Valerie Macon/Agence France-Presse — Getty Images

At least for a night, America said it really did want more “Roseanne.”

The revival of the vintage ABC sitcom got off to an enormously strong start on Tuesday night, drawing 18.2 million viewers and a 5.1 rating among adults under 50, according to Nielsen. The “Roseanne” numbers rank as the highest total of any comedy on the broadcast networks since the 2014 season premiere of “The Big Bang Theory.”

For comparison’s sake, NBC’s reboot of “Will Grace” in September drew a little over 10 million viewers and a 3.0 rating among 18- to 49-year-olds. Earlier this month, ABC’s revival of “American Idol” reached an audience of 10.3 million viewers and scored a 2.3 rating in the prize demographic. Both debuts were cause for celebration at both broadcast networks.

The “Roseanne” numbers, however, are in an entirely different category and stand to grow when delayed viewing is factored in.

Many TV industry executives were divided on whether or not a new version of “Roseanne” would take off. Though the industry has been in a reboot craze for the last two years (series like “Full House,” “Twin Peaks,” “The X-Files,” “One Day at a Time” and “Murphy Brown,” have all been brought back to life), the results have ranged from “meh” to solid.

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Unlike those shows, “Roseanne” has seemingly appealed to viewers for reasons having nothing to do with nostalgia: In interviews leading up to the sitcom’s premiere, the show’s Emmy-winning star, Roseanne Barr, made it clear that she was a supporter of President Trump and let it be known that her program would grapple with a hot political moment that has divided some American families.

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Ms. Barr and John Goodman in a scene from the reboot of “Roseanne.” Credit Adam Rose/American Broadcasting Companies, Inc., via Associated Press

“I’ve always had it be a true reflection of the society we live in,” Ms. Barr said during a Television Critics Association press event in January. “Half the country voted for him, half of them didn’t. It’s just realistic.”

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Article source: https://www.nytimes.com/2018/03/28/business/media/roseanne-revival-wins-huge-tv-ratings.html?partner=rss&emc=rss