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Column: Brady Corbet’s epic movie ‘The Brutalist’ came close to crashing down more than onceCV Sciences, Inc. Enters Into Definitive Agreement to Acquire Extract LabsNone
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One night last month, near the end of the Chicago International Film Festival, a particularly long line of moviegoers snaked down Southport Avenue by the Music Box Theatre. The hot ticket? This fall’s hottest ticket, in fact, all over the international festival circuit? Well, it’s a 215-minute drama about a fictional Hungarian Jewish architect who emigrates to America in 1947 after surviving the Holocaust. The film’s title, “The Brutalist,” references several things, firstly a post-World War II design imperative made of stern concrete, steel, and a collision of poetry and functionality. Director and co-writer Brady Corbet, who wrote “The Brutalist” with his filmmaker wife, Mona Fastvold, explores brutalism in other forms as well, including love, envy, capitalist economics and how the promise of America eludes someone like the visionary architect László Tóth, played by Adrien Brody. Corbet, now 36 and a good bet for Oscar nominations this coming January, says his unfashionable sprawl of a picture, being distributed by A24, is also about the “strange relationship between artist and patron, and art and commerce.” It co-stars Felicity Jones as the visionary architect’s wife, Erzsébet, trapped in Eastern Europe after the war with their niece for an agonizingly long time. Guy Pearce portrays the imperious Philadelphia blueblood who hires Tóth, a near-invisible figure in his adopted country, to design a monumental public building known as the Institute in rural Pennsylvania. The project becomes an obsession, then a breaking point and then something else. Corbet’s project, which took the better part of a decade to come together after falling apart more than once, felt like that, too. Spanning five decades and filmed in Hungary and Italy, “The Brutalist” looks like a well-spent $50 million project. In actuality, it was made for a mere $10 million, with Corbet and cinematographer Lol Crawley shooting on film, largely in the VistaVision process. The filmmaker said at the Chicago festival screening: “Who woulda thunk that for screening after screening over the last couple of months, people stood in line around the block to get into a three-and-a-half-hour movie about a mid-century designer?” He lives in Brooklyn, New York, with Fastvold and their daughter. Our conversation has been edited for clarity and length. Q: Putting together an independent movie, keeping it on track, getting it made: not easy, as you told the Music Box audience last night. Money is inevitably going to be part of the story of “The Brutalist,” since you had only so much to make a far-flung historical epic. A: Yeah, that’s right. In relation to my earlier features, “The Childhood of a Leader” had a $3 million budget. The budget for “Vox Lux” was right around $10 million, same as “The Brutalist,” although the actual production budget for “Vox Lux” was about $4.5 million. Which is to say: All the money on top of that was going to all the wrong places. For a lot of reasons, when my wife and I finished the screenplay for “The Brutalist,” we ruled out scouting locations in Philadelphia or anywhere in the northeastern United States. We needed to (film) somewhere with a lot less red tape. My wife’s previous film, “The World to Come,” she made in Romania; we shot “Childhood of a Leader” in Hungary. For “The Brutalist” we initially landed on Poland, but this was early on in COVID and Poland shut its borders the week our crew was arriving for pre-production. When we finally got things up and running again with a different iteration of the cast (the original ensemble was to star Joel Edgerton, Marion Cotillard and Mark Rylance), after nine months, the movie fell apart again because Russia’s invasion of Ukraine. We couldn’t get any of the banks to cash-flow the tax credit (for location shooting in Poland). It’s completely stable now, but at that time the banks were nervous about whether the war would be contained to Ukraine or not. And then we finally got it up and running in Budapest, Hungary. Q: That’s a long time. A: Every filmmaker I know suffers from some form of post-traumatic stress (laughs). It sounds funny but it’s true. At every level. On the level of independent cinema, you’re just so damn poor. You’re not making any money, and yet from nose to tail, at minimum, a movie always takes a couple of years. With bigger projects, you might have a little more personal security but a lot less creative security with so many more cooks in the kitchen. Either route you choose, it can be an arduous and painful one. Whether you’re making a movie for a million dollars, or $10 million, or $100 million, it’s still “millions of dollars.” And if you’re concerned about the lives and livelihoods of the people working with you, it’s especially stressful. People are constantly calling you: “Is it happening? Are we starting? Should I take this other job or not?” And you have 250 people who need that answer from you. Every iteration of the project, I always thought we were really about to start in a week, two weeks. It’s just very challenging interpersonally. It’s an imposition for everyone in your life. And then there’s the imposition of screening a movie that’s three-and-a-half-hours long for film festivals, where it’s difficult to find that kind of real estate on the schedule. So essentially, making a movie means constantly apologizing. Q: At what point in your acting career did you take a strong interest in what was going on behind the camera? A: I was making short films when I was 11, 12 years old. The first thing I ever made more properly, I guess, was a short film I made when I was 18, “Protect You + Me,” shot by (cinematographer) Darius Khondji. It was supposed to be part of a triptych of films, and I went to Paris for the two films that followed it. And then all the financing fell through. But that first one screened at the London film festival, and won a prize at Sundance, and I was making music videos and other stuff by then. Q: You’ve written a lot of screenplays with your wife. How many? A: Probably 25. We work a lot for other people, too. I think we’ve done six together for our own projects. Sometimes I’ll start something at night and my wife will finish in the morning. Sometimes we work very closely together, talking and typing together. It’s always different. Right now I’m writing a lot on the road, and my wife is editing her film, which is a musical we wrote, “Ann Lee,” about the founder of the Shakers. I’m working on my next movie now, which spans a lot of time, like “The Brutalist,” with a lot of locations. And I need to make sure we can do it for not a lot of money, because it’s just not possible to have a lot of money and total autonomy. For me making a movie is like cooking. If everyone starts coming in and throwing a dash of this or that in the pot, it won’t work out. A continuity of vision is what I look for when I read a novel. Same with watching a film. A lot of stuff out there today, appropriately referred to as “content,” has more in common with a pair of Nikes than it does with narrative cinema. Q: Yeah, I can’t imagine a lot of Hollywood executives who’d sign off on “The Brutalist.” A: Well, even with our terrific producing team, I mean, everyone was up for a three-hour movie but we were sort of pushing it with three-and-a-half (laughs). I figured, worst-case scenario, it opens on a streamer. Not what I had in mind, but people watch stuff that’s eight, 12 hours long all the time. They get a cold, they watch four seasons of “Succession.” (A24 is releasing the film in theaters, gradually.) It was important for all of us to try to capture an entire century’s worth of thinking about design with “The Brutalist.” For me, making something means expressing a feeling I have about our history. I’ve described my films as poetic films about politics, that go to places politics alone cannot reach. It’s one thing to say something like “history repeats itself.” It’s another thing to make people see that, and feel it. I really want viewers to engage with the past, and the trauma of that history can be uncomfortable, or dusty, or dry. But if you can make it something vital, and tangible, the way great professors can do for their students, that’s my definition of success. “The Brutalist” opens in New York and Los Angeles on Dec. 20. The Chicago release is Jan. 10, 2025. Michael Phillips is a Tribune critic.
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Home | Editorials | Editorial Adani In Trouble Editorial: Adani in trouble The case raises serious questions over symbiotic relationship between monopolistic business houses and politicians By Telangana Today Published Date - 22 November 2024, 11:55 PM The controversial billionaire industrialist Gautam Adani is in trouble again. A year after Hindenburg Research, an American firm, had accused the Adani Group of engaging in accounting fraud and stock market manipulation, prosecutors in the United States have indicted him, his nephew Sagar Adani and six others in an alleged bribery case. They have been accused of paying about $265 million in bribes to Indian officials and politicians to secure lucrative solar energy supply contracts with the state distribution companies. The matter is said to involve the States of Andhra Pradesh, Tamil Nadu, Odisha, Jammu & Kashmir and Chhattisgarh and the Solar Energy Corporation of India, a government-owned company, with whom these States signed the power sale agreement under the manufacturing linked project. These power contracts were expected to generate more than $2 billion in profit after tax for the Adani Group over the coming two decades. As per the indictment, extensive documentation was maintained on the bribery efforts. The allegations caught the attention of the US Justice Department and Securities and Exchange Commission as Adani’s companies were raising funds from American investors in several transactions starting in 2021. As the scandal triggered political furore with Congress leader Rahul Gandhi demanding Adani’s arrest, there is an urgent need to order a thorough investigation into the business practices of the conglomerate which, according to the opposition parties, enjoys the patronage of the NDA government. Following the shocking indictment by the district court in New York, the shares of the Adani Group companies have tanked. The Group has also scrapped its $600-million bond offering. The indictment levies multiple charges, ranging from conspiracy to violate the Foreign Corrupt Practices Act to securities and wire fraud, and conspiracy to obstruct justice. The case raises serious questions over flaws in corporate governance and the symbiotic relationship between monopolistic business houses and politicians. Though the Adani Group has dismissed the bribery allegations as baseless, the credibility of the company has taken a serious hit and it has to brace for what looks like a prolonged legal battle. The indictment has given the opposition fresh ammunition to attack the Narendra Modi government over crony capitalism, while the saffron party has launched a counter-attack, training its guns on non-BJP parties that were in power in States where government officials allegedly received bribes. A comprehensive probe, preferably monitored by the Supreme Court, is needed to get to the bottom of this murky matter. It would require close cooperation not only between the Centre and States but also between the Indian and US authorities. While the conglomerate managed to weather the Hindenburg storm to a great extent, it is facing far stronger headwinds this time. The indictment has also turned the spotlight on the ongoing probe by the Securities and Exchange Board of India (Sebi) into the allegations of stock manipulation and accounting fraud. Follow Us : Tags bribery allegations Corporate Governance Corruption Foreign Corrupt Practices Act Related News Adani Group domination in solar energy sector leading to hike in equipment prices KTR demands Telangana government to cut ties with Adani Group Majority of Adani Group stocks trade lower for second day on trot TDP reacts cautiously to Adani indictment row, says ‘no comments for now’
Investments in biometrics and digital identity have slowed in the wake of an early-2020s hype cycle, but investors are still watching the market closely for opportunities, Co-founder and Partner Eric Byunn tells in an interview. Centana is a private equity firm focused on “investing in the future of financial services and innovation around financial services” with companies at the growth stage. The firm has offices in New York and London, with investments around the world but somewhat of an international focus, Byunn says. was investments, and is probably the most familiar name among its portfolio to readers. But Centana also has stakes in companies adjacent to the identity verification market like , and . Valuations in the space are much the same as in any other industry or market segment, and Centana uses verified financial data and direct interaction with market participants to make assessments about trends within the market, what customer problem is being solved and how well. The company has a network of hundreds of people in financial services, and relies heavily on them to help navigate rapid changes in the market. Digital identity “is a category that is both growing enormously both in terms of actual spend as well as interest, and where the approaches to establishing and validating and potentially modifying digital identities continue to evolve very rapidly,” Byunn notes. Knowledge of the way digital identity has evolved over the years is “quite critical in both evaluating and assisting our portfolio companies within the space,” he says. Ultimately, Byunn says, financial institutions are all looking for a low friction, high accuracy way of authenticating customers, prospects and business partners that also keeps regulators happy. Some of the approaches and techniques used by established players in the digital identity market have achieved good volume and scale, and newer innovative methods are still proving themselves. Byunn highlights the opportunity in a third layer that’s “all about how you stitch these things together, because so far no one has produced a single solution that addresses everything.” This layer, he says, includes both “ ” and elements of holistic scoring (heuristics etc.) “that are not fully covered by what the market calls orchestration.” Earlier waves of technology serving financial services companies were thoroughly penetrated by fraudsters, and in some cases offered poor user experience, Byunn says. One example of this, knowledge-based authentication, remains “shockingly still prevalent in the industry.” Checks against government-validated identities or ID documents, along with AI and ML technologies and authoritative databases that directly deliver updated information about identities (rather than inferring it from credit history or the broader web) are delivering much better results. The threat of deepfakes to financial service institutions seems to be commonly overstated at this time, according to Byunn, at least in part because conventional wisdom is also somewhat underestimating the effectiveness of market leaders’ defense against genAI and deepfakes. However, he notes that the threat has the potential to grow significantly. Asked about the in the early days of the pandemic and the way it has receded, Byunn says the digital identity market has gone through a hype cycle. In the early days of the cycle, some nice-sounding ideas drew investment. But the market has “in some ways matured.” It is still growing rapidly, with high demand, and a number of companies are doing well in terms of production deployments and revenue. Investors’ approach has matured as well, he argues, such that “it’s no longer let’s throw a whole bunch of things up against the wall and see what sticks.” The volume of announcements has therefore gone down, but the companies and approaches surviving have traction at every level. Others have fallen by the wayside. “I think what we’ll see in ‘25 and ‘26 will be a continuation of a lower volume of notable press-worthy announcements but in general the size or magnitude of that measured in either dollars or strategic impact will have risen substantially,” Byunn predicts. Digital identity verification and biometric providers doing well can show it in their metrics, in qualitative deepening of their use cases and clarity of how their technology fits into the market. Those not reaching good production usage with initial POCs need to figure out how they can fit in with those who are getting traction, Byunn says. For those that can do so, he says, “we’re here, we continue to have very active interest” in backing technology providers who can improve the security and usability of digital identity in financial services. | | | | | | |
Flying start for contactless transport ticketingSAN DIEGO , Dec. 5, 2024 /PRNewswire/ -- BSD Builders, Inc. today announced it has received seismic certification from California's OSHPD/HCAi for its state-of-the-art Microgrid Solutions. Developed in partnership with 2G Energy Inc., the BSD Special Seismically Certified (SSC) Microgrid product is set to revolutionize energy resilience and efficiency for all types of buildings. The BSD SSC Microgrid system, consisting of a cogeneration power plant and fuel storage, was initially designed to support California skilled nursing facilities' compliance with California Assembly Bill 2511, which California Governor Gavin Newsom signed into law on September 29, 2022 . This bill requires these facilities to have an alternative power source to protect resident health and safety for at least 96 hours during any type of power outage. This microgrid power solution is a self-contained electrical system that can operate independently from the main power grid. With the seismic certification, it is now available for any type of building that needs uninterruptable power. "At BSD Builders, we're passionate about creating solutions that make a difference in people's lives. We have developed a proprietary solution that not only meets but exceeds California's stringent seismic requirements while providing a reliable and efficient source of power, especially during unexpected power loss or natural disasters," said Jeff Blair , CEO of BSD Builders, Inc. "This solution offers long-term benefits not only by lowering utility costs, it can also help to improve the stability of the regional electric grid and reduce carbon emissions." Key features of the BSD SSC Microgrid Solution include: "2G Energy is proud to partner with BSD on the BSD SSC Microgrid System designing it for a wide range of applications, providing a reliable and cost-effective energy solution for skilled nursing facilities, hospitals, data centers, pharmaceutical labs, research facilities, cold storage units, data centers, and more," stated Darren Jamison , Managing Director of 2G Energy North America. "The design utilizes proprietary technologies to offer clients reduced utility costs and increased reliability. It is designed for continuous parallel operation with the utility as well as stand-alone island mode," concluded Jamison. For more information about the BSD SSC Microgrid System or to schedule a consultation, please visit bsdbuilders.com . About BSD Builders, Inc . - BSD Builders, Inc. is a leading general contractor specializing in the healthcare industry. Focusing on exceeding industry standards and delivering exceptional value to clients, BSD Builders, Inc. continues to set the benchmark for excellence in the construction and energy sectors. About 2G Energy – 2G Energy is a globally recognized leader in the development and production of combined heat and power (CHP) systems. With a commitment to sustainability and innovation, 2G Energy provides cutting-edge solutions that optimize energy efficiency and environmental performance. View original content to download multimedia: https://www.prnewswire.com/news-releases/bsd-builders-inc-advanced-microgrid-solutions-receives-california-seismic-certification-for-uninterruptible-power-supply-302324334.html SOURCE BSD Builders, Inc.
More than 3.5 years after the Myanmar military (Tatmadaw) attempted to seize control of the country through a coup, the Japanese government continues to provide Official Development Assistance (ODA) and public funds that benefit the military junta. Despite the sacrifices of the Myanmar people to end the Myanmar military's decades-long oppression, Japan's "assistance" risks burdening survivors with enormous loans that potentially enable the military to continue its atrocities against the very people it is meant to aid. Since the 2021 coup, Japan's response has been limited to expressing "grave concerns" and calling for the release of detained leaders like Aung San Suu Kyi. While Western countries imposed sanctions, Japan has taken hardly any punitive measures, showing leniency in the face of increasing its atrocities. Like many countries, it supports international development through grants, loans and technical assistance. However, Japan favours providing aid in the form of bilateral loans, a method that constitutes a higher proportion compared to other donor countries that mostly offer grants. Within the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development -- a key platform where the world's major donor countries discuss development aid issues -- Japan stands out as the largest provider of ODA loans. According to one study, from 1970 to 2020, among the 32 members of the DAC, Japan provided 71% of its bilateral aid in the form of loans, in stark contrast to the 22% provided by other DAC members. Japan's reliance on loaning aid even surpasses that of multilateral organisations, which provided 52% of their aid as loans. Japan's role as a major donor to Myanmar is a testament to its aid strategy. Over the past decade, Japan has loaned an enormous amount of aid to Myanmar, unmatched by any other country. In 2022, only Japan and Korea continued to disburse ODA aid loans to Myanmar, with Korea's contributions amounting to about 10% of Japan's volume. By 2020, Japan had lent a cumulative total of US$2.7 billion to Myanmar. Although no new ODA contracts have been signed since the coup, the finalisation of ongoing projects will increase Myanmar's debt to Japan by an additional $5.12 billion. Some of the projects funded by the sizable loan aid have been linked to Myanmar military's businesses. Yokogawa Bridge Corporation paid the Myanmar military-owned conglomerate, Myanmar Economic Corporation, for the Bago Bridge project. A UN fact-finding mission in Myanmar stated in 2019 that revenues from military-controlled businesses fund the military's atrocities. The Thilawa Special Economic Zone, backed by Japanese ODA, also risks entangling Japanese funds with the military since the chairperson of the zone's Management Committee was replaced by the military shortly after the coup. Other publicly-funded projects like the Y Complex Project have been linked to a venture that allows funds to flow to the Office of the Quartermaster General, which has been sanctioned by the United States, United Kingdom, European Union and Canada for its role in procuring arms and equipment for the military. Since the coup, the Myanmar military has killed over 5,400 people, burning villages to ashes, committing massacres, torture and sexual violence. It has intensified airstrikes across Myanmar, displacing over 3 million people. The survivors of these atrocities will be burdened with the enormous debt that could be funding the perpetrators. Despite statements in 2021 suggesting a potential review of ODA if the situation in Myanmar deteriorated, the Japanese government has continued its aid, seemingly prioritising concerns over potential losses for Japanese companies. During a hearing of the Committee on Audit on May 20, Foreign Minister Yoko Kamikawa stated, "If existing ODA is suspended and Japanese companies unilaterally terminate business contracts they have with counterpart institutions in the recipient countries, these companies may face demands for substantial penalties or could be subject to legal action. Therefore, a cautious approach is considered necessary". Instead of challenging the penalties and taking a firm stand on human rights, Japan appears more concerned with the interest of the companies involved in these projects. Despite Japan's lacklustre response to the crisis, many believe it can still influence change. Recently, a petition with over 11,500 signatures urged Japan to halt any aid benefiting the Myanmar military. A former Myanmar police officer now in Japan has called for a stronger stance from Japan, echoing sentiments expressed by many civil society organisations. The Spring Revolution, sparked by the military's 2021 attempt to grab power, is a historic, multi-faceted movement seeking to dismantle the military while building a federal democracy. Japan's loan aid could undermine these goals. As Japan marks 70 years of ODA, it is time to end ODA loans and public funds that support the Myanmar military. Yuka Kiguchi is the executive director of Mekong Watch -- a Japanese NGO based in Tokyo. Mekong Watch combines research and advocacy to address and prevent the negative environmental and social impacts of development in the Mekong Region.VICTORIA — British Columbia Premier David Eby says his fellow premiers and the federal government have hatched a game plan to fight U.S. tariffs, with conservative premiers lobbying Republican counterparts, left-leaning provincial leaders courting the Democrats, and Ottawa focusing on president-elect Donald Trump. The premiers and Prime Minister Justin Trudeau talked about using their political diversity and connections to thwart the prospect of Trump's proposed 25 per cent tariffs on imports from Canada and Mexico, Eby said Thursday in a year-end interview. He said it was discussed that conservative premiers Danielle Smith in Alberta, Doug Ford in Ontario and Nova Scotia's Tim Houston are well-placed to lobby Republican governors and business leaders. Eby said as a New Democrat he will likely have more in common with Democrat governors and business leaders from the West Coast states. "I can easily have conversations with governors and businesses down the West Coast of the U.S., where we have close relationships and our politics are very similar," he said. "Premier Smith can have conversations with Republican governors. That would be more challenging for me, and (she) would have more connections potentially with the Trump administration than an NDP administration in B.C. would." He said a meeting last week between the premiers and Trudeau discussed Canada's diversity of representation, and how it could bring leverage and advantages in tariff talks. "It's interesting, there was a lot of talk about what unity means in terms of Canada's response to the tariffs," he said. "There's obviously a diversity of views around the Council of the Federation table of all the premiers. Certainly, mine is not the same as Premier Smith's or Premier Ford's or Premier Houston's, and that diversity of views is actually potentially a significant strength for us as we enter into these discussions." Eby also said he was prepared to appear on American's right-leaning Fox News TV network, as did premiers Ford and Smith. "Anything that I can do to support the national effort to protect the families in Canada from the impact of tariffs and also families in the U.S. from those unjustified tariffs," he said. "Absolutely, if I thought it was helpful." This report by The Canadian Press was first published Dec. 5, 2024. Dirk Meissner, The Canadian Press