This Year’s Oscar Nominees Are Out. The Big Winner? People Who Like Watching Movies At Home

This year’s Oscar nominees have been announced, and in most ways, the list is incredibly conventional: The Best Picture nominations include a widely praised blockbuster hit by an up-and-coming young director (Black Panther), a crowd-pleasing, star-driven remake with a musical bent (A Star Is Born), a biopic about a rockstar (Bohemian Rhapsody), a couple of movies with sharp political overtones (BlacKkKlansman, Vice), a well-reviewed period drama about racial reconciliation (Green Book), as well as a pair of arthouse favorites by auteurs in their prime (Yorgos Lanthimos’ The Favourite, Alfonso Cuaron’s Roma).

Perhaps the most striking thing about the list is the inclusion of Roma, which was produced by Netflix. This isn’t the first Oscar nod for Netflix (Mudbound scored four nominations last year, but came home empty-handed), but it is the studio’s first Best Picture nomination. And with Roma scoring 10 nominations overall—tied with The Favourite for the most—it’s positioned to potentially take home the Academy’s highest honor.

It’s perhaps the clearest sign yet that movies are moving out of the theater and into your living room, or perhaps onto the screen of your phone. Although Roma played in limited release in theaters, its primary home is on the streaming service, and that’s likely where the majority of its viewers will see it. I have argued in favor of the analog theatrical experience in the past, but in this case, I think Roma‘s streaming availability is a good thing.

The movie’s online distribution is more than a little bit unusual for such a high-profile nominee (Amazon’s Manchester by the Sea was nominated for Best Picture, but it followed a relatively conventional theatrical release pattern). The small-screen availability has caused some consternation in the movie industry; as one Variety critic wrote, Netflix has been “viewed by various sectors of Hollywood as a force arrayed against the primacy of the theatrical experience.” Even Cuaron himself seems slightly uncomfortable with the company’s watch-at-home ethos. He’s said he thinks the film is best experienced the old-fashioned way, on the big screen, declaring in December that “the complete experience of Roma is unquestionably in a movie theater.”

I don’t really disagree. I am a lifelong regular moviegoer, and Roma is exactly the sort of movie that would seem to justify the time and effort it takes to get out of the house and into a theater. It’s a visionary, personal epic constructed of intricately designed long takes that benefit from both the larger viewing format and the (hopefully) distraction-free setting of a movie theater. It’s a film to lose yourself in, rather than just another movie to have on in the background.

Yet there’s something to be said for, and even gained from, Netflix’s platform agnosticism. For one thing, the company’s deep pockets—it reportedly had a content budget of $13 billion in 2018—and revenue model, which doesn’t live or die on box office receipts, are at least part of what allow a black and white, foreign-language exercise in auteurist ambition like this to be made.

It’s also what allows a movie like this to be seen. Netflix has historically been secretive about exact viewership figures, but last week the company released a glimpse into some of its numbers: Bird Box, a genre thriller starring Sandra Bullock, was watched by 80 million households during its first four weeks in release; some of its original series have been seen by about 40 million households. The streaming service now claims it accounts for a full 10 percent of the TV screen time in the country. These are huge numbers, and they make a case that Netflix can deliver audiences as large or larger than any other distributor.

Just a few years ago, a movie like Roma might still have been made and nominated for various awards. But at least on the surface, it’s the sort of less-than-approachable, “difficult” film that, at least when the nominations were announced, probably would have been seen by a relatively small number of people, mostly cinema enthusiasts who live in major population centers with arthouse theaters. Although Netflix has not shared viewing figures for Roma, the film’s streaming release makes a movie like this accessible to a much larger group of people. If you live in a small town far from a major urban hub, you don’t have to wait several months, until long after the awards hype has settled, for a home video release.

I grew up in a place with no arthouse or revival theaters, where it was often difficult to watch critically acclaimed, limited-release favorites, or old classics on the big screen. It often took me months, in some cases years, to track down copies of certain movies, especially obscure, foreign-language films that the local video rental stores didn’t carry. And when I did eventually see them, it was on VHS or later, DVD, at home, on pre-HD TV screens far smaller than what’s common now. I went to the theater about as often as I could, but a lot of my favorite movies are films I’ve never seen on the big screen.

As it happens, that includes Roma. I watched it at home, on a large flatscreen television, and I can only express my appreciation for the movie, and my admiration for what Cuaron has accomplished with it, in terms of awe. It’s not only the best movie of 2018 by a wide margin, it’s one of the two or three best movies of the decade, the sort of film I’m comfortable calling a masterpiece after just one viewing, and a movie I expect to watch many, many more times. And while I’d like to see it in the theater at some point, I know that most of those viewings will occur like the first one, at home. That may not represent the complete experience, but it’s a pretty good one—and, importantly, it’s one that just about anyone can have.

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Tucker Carlson Calls Out Famous Liberals Who Urged Doxing, Assault, & Murder Of Covington MAGA Kids

Tucker Carlson excoriated famous liberals and a few anti-Trump GOP who called for the harassment, assault and murder of a group of Kentucky high school students who were falsely accused of bigotry against a Native American man, Nathan Phillips, at a pro-life demonstration at the Lincoln Memorial in Washington D.C. 

Based on an out-of-context “staredown” between student Nick Sandmann and Phillips, high-profile liberals across Twitter went on a blitzkrieg of fake news over the weekend – falsely claiming that the Covington High School group harassed Phillips while chanting “build the wall,” which never happened. 

Once footage emerged of the entire incident, however, it became clear that the left had gotten it completely wrong; Phillips had approached the teens, while a group of Black Israelites – considered to be a hate group by the Anti-Defamation League – hurled racial insults at the students. 

After the truth emerged, famous liberals who were frothing at the mouth went on a mad scramble to delete their tweets full of hate, slander and disinformation. The internet never forgets, however, and neither does Tucker Carlson: 

 

via ZeroHedge News http://bit.ly/2sFzlgE Tyler Durden

SCOTUS Says Trump’s Transgender Military Ban Can Take Effect…for Now

The Supreme Court ruled 5-4 today that the Trump administration’s policy barring many transgender people from joining the military can take effect while lawsuits challenging the ban are ongoing.

The justices voted along ideological lines. Chief Justice John Roberts, along with Justices Clarence Thomas, Neil Gorsuch, Brett Kavanaugh, and Samuel Alito voted to let the policy take effect. Justices Elena Kagan, Sonia Sotomayor, Ruth Bader Ginsburg, and Stephen Breyer dissented.

President Donald Trump announced the policy via Twitter in July 2017. Transgender people would be barred from serving “in any capacity in the U.S. Military,” he tweeted at the time. The announcement represented a reversal of an Obama administration policy that allowed transgender troops to serve openly.

The legal challenges soon followed. As Reason‘s Scott Shackford documented, various civil rights groups filed suits that the new policy violated the due process and equal protection clauses of the Fifth Amendment. In the midst of those lawsuits, the administration announced a modified policy last March. Under the new ban, transgender people can join and serve in the military as long as they publicly represent themselves by their biological sex and don’t have a history of gender dysphoria. Transgender individuals who are already in the military can continue to do so, even if they pursue gender transition.

Implementation of the amended policy, however, had still been blocked by various trial courts around the country, according to The New York Times. But earlier this month, the U.S. Court of Appeals for the District of Columbia Circuit ruled that the policy should not have been blocked by one of those courts because it was not a “blanket ban.”

“The government took substantial steps to cure the procedural deficiencies the court identified in the enjoined 2017 presidential memorandum,” the appeals court said at the time, according to USA Today, adding that the ban “appears to permit some transgender individuals to serve in the military.”

The Supreme Court’s decision today addresses two other injunctions against the ban issued by district court judges in California and Washington State, the Times reported.

The policy can now be implemented pending a ruling on the ban’s constitutionality from the U.S. Court of Appeals for the Ninth Circuit, the Supreme Court said. “If a writ of certiorari [following that ruling] is sought and the Court denies the petition, this order shall terminate automatically,” the ruling reads. “If the Court grants the petition for a writ of certiorari, this order shall terminate when the Court enters its judgement.”

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Trump Told Sarah Sanders “Not To Bother” With Press Briefings Anymore

In a week that has been defined by blunders committed by the “Fake News” media, President Trump is taking his bashing of the American press to a whole new level.

Following an earlier tweet where he condemned the mainstream media outlets for bashing a teenager at a Catholic high school in Kentucky who was accused of harassing a Native American activist after video footage of the encounter was taken wildly out of context, Trump revealed that he told Press Secretary Sarah Sanders “not to bother” with press conferences because of the unfair and “rude” media coverage she receives.

Since almost the beginning of the Trump Administration, the mainstream press has consistently griped that the supposedly “daily” White House press briefings now only happen once in a blue moon. According to an analysis by Quartz, which cited data from the American Presidency Project, in 2018, Sanders “held drastically fewer briefings than her peers, allowed relatively few questions, and engaged in many contentious exchanges.”

Trump

Compared with her 13 most recent predecessors (including Sean Spicer), Sanders holds far fewer briefings per month, averaging only 11.5 during her tenure as of September. However, that number is expected to plummet because Sanders has held only 3 briefings since September. And while Trump himself has regularly held press briefings independently of Sanders, he is also holding fewer than most of his recent peers (though he is tied with Obama at 21).

Given the direction that coverage of the Trump administration has been trending, we wouldn’t be surprised to see that number fall even further.

via ZeroHedge News http://bit.ly/2S5mi6s Tyler Durden

The TSA Could Decide The Fate Of The Government

Authored by Michael Scott via SafeHaven.com,

The government shutdown, now in its 32nd day and being the longest ever in U.S. history, has caused massive media coverage on Transportation Security Agency (TSA) employees and their fate due to the shutdown. This is precisely because the TSA could bring the country to a virtual standstill, and thus has more power than most to end the shutdown by pressure.

Over this holiday weekend, sick call-ins for TSA employees not getting paid during the shutdown hit 10 percent, suggesting that the problem could spiral out of hand, despite the Agency’s insistence to the contrary.  

There’s plenty of reason for the public sympathy with the TSA, despite the grueling process they put travelers through at the airport. Still, you won’t find this same level of human interest stories about judges, lawyers or other federal workers affected by shutdown.

Part of the reason may be the fact that TSA employees are the worst paid, or maybe because the agency exists because of the 9/11 attacks.

More than 51,000 TSA staffers are involved in the airport screening process which is essential for people to travel across the United States. On average, the agents screen 2 million passengers per day at nearly 440 airports as travelers follow their instructions as if they are in the military because they feel safer doing so.

But now media reports are increasingly emerging about TSA workers calling in sick. According to a recent TSA press release, figures show that the agency has now experienced a national rate of 8 percent of unscheduled absences compared to a 3 percent rate one year ago at the same time.

Over the weekend, TSA closed a checkpoint at Baltimore/Washington International Thurgood Marshall Airport over a lack of staffing. The event occurred about a week after Houston’s George Bush Intercontinental Airport closed one of its checkpoints. Airports in Houston and Miami also shut down terminal checkpoints over the weekend.

Even more alarming, the TSA was forced to call up National Deployment Officers (NDO) to operate checkpoints because of the increasing absence of screeners over the weekend.

NDO’s have been sent to several major airports, including at Newark Liberty International airport, LaGuardia Airport and Hartsfield-Jackson Atlanta International Airport.

But where growing numbers of TSA workers are calling in sick, plenty of others are happy to take their place – despite the government shutdown – with more than 300 applicants gunning for positions just over the weekend at a Minnesota job fair.

In the meantime, the public is feeling highly sympathetic toward the TSA employees’ plight. Passengers have reportedly been dropping off gift cards, bringing in food and making various offers of assistance.

Members of the band, KISS are offering TSA employees a free meal at their Rock and Brews. TSA employees can get a free pulled pork sandwich or strawberry fields salad.

And then there is also American Airlines, whose credit union is offering 1-percent interest loans of $1,200 or the amount of a single net paycheck to airport security workers.

Last week, President Trump signed a new bill into law guaranteeing back pay for those federal employees who are taking a hit. But it’s not enough to make him look like the good guy in a historically long government shutdown over a massive border wall.

Even more so when the State of California is making a point to bring more attention to it by encouraging TSA workers to file for unemployment – even though that goes against White House guidance.

So not only is the TSA the one agency that could force an end to the shutdown, but it is also the key agency in the political popularity contest right now, and a lot is at stake over reputation.

via ZeroHedge News http://bit.ly/2FOSvsm Tyler Durden

This Is What Scares Ray Dalio The Most

Exactly one year ago, a bulled up Ray Dalio, head of the world’s largest hedge fund made a prediction he would probably rather forget: “We are in this Goldilocks period right now. Inflation isn’t a problem. Growth is good, everything is pretty good with a big jolt of stimulation coming from changes in tax laws,” Ray Dalio told CNBC in January 2018 during last year’s Davos event.

But the soundbite that Dalio was most memorable for, was the following: “There is a lot of cash on the sidelines. … We’re going to be inundated with cash,” he said. “If you’re holding cash, you’re going to feel pretty stupid.”

Ironically, at the end of 2018, cash was the only asset class that generated a positive return, making anyone holding anything but cash pretty stupid… which incidentally was not the $150BN Bridgewater, whose Pure Alpha returned 12% in 2018, confirming that anyone who listens to bombastic hedge fund forecasts without reading the fine print is set to underperform.

So fast forward to today when Ray Dalio was once made the speaking round at Davos, and revealed the answer that all investors ask themselves every now and then: “what scares most the billionaire founder of the world’s biggest hedge fund?”

The answer: the next downturn in global growth, which will hit both markets and the economy, when central banks will have virtually no ammo to spark another rebound. Dalio’s comments come at a time when investors are increasingly concerned about a serious global economic slowdown, which shadow consensus has pegged for early 2020.

The iconic investor reaffirmed the IMF’s latest earning, predicting “substandard growth rate” in the US, Chinese and European economies next year, which would warrant easier monetary policy, but he agreed with moderator Maria Bartiromo that there was dangerously little “wiggle room” for cutting rates to be effective.

Speaking at a panel discussion on the first day of the World Economic Forum, Dalio said: “The US, Europe, China – all of those will experience a greater level of slowing, probably a greater level of disappointment. I think there’s a reasonable chance that by end of that, monetary policy and fiscal policy will have to become easier relative to what is now discounted in the markets.”

“What scares me the most longer term is that we have limitations to monetary policy, which is our most valuable tool, at the same as we have greater political and social antagonism,” Dalio said during a panel discussion at the World Economic Forum (WEF) in Davos on Tuesday. “So, the next downturn in the economy worries me the most,” he explained.

“So the next downturn worries me the most. There are a lot of parallels with the late 1930s. In 1929-1932 we had a debt crisis, and interest rates hit zero. Then there was a lot of printing of money and purchases of financial assets which drives financial assets higher.”

Of course, everyone knows what event followed the Great Depression in the late 1930s.

“It creates also a polarity, a populism and an antagonism. We also had at that time the phenomenon of a rising power, like China, dealing with conflict with an existing power. These types of political issues are now very connected to economic issues in policy.

The 69-year-old billionaire also offered his take on record corporate debt levels: “When we cut corporate taxes and made interest rates low enough that it was attractive enough to buy financial assets, particularly by companies having mergers and acquisitions, that caused a lot of growth in corporate debt. And that growth in corporate debt was used to finance the purchases. That is going to be less.”

* * *

Not surprisingly, the socialist, wealth redistribution ideas of Democratic Socialist Alexandra Ocasio-Cortez also made an appearance.

In discussing the outlook for a slowing world economy, Dalio said that next year will see “the beginning of thinking about politics and how that might affect economic policy beyond. Something like the talk of the 70 percent income tax, for example, will play a bigger role.

Even though Dalio didn’t mention Ocasio-Cortez by name it is clear he was referencing the young Congresswoman who has taken the media (and financial) world by storm: “There’s an element, yeah, where people are going to have to start paying their fair share,” AOC told Anderson Cooper on 60 Minutes on Jan 6. “Once you get to the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60 or 70 percent.”

As Bloomberg amusingly notes, AIC’s proposal is “anathema to at least some of the global elite gathered in Davos this week” as the fortunes of a dozen Davos attendees have soared by a combined $175 billion, a Bloomberg analysis found. The same cannot be said for people on the other end of the social spectrum: A report from Oxfam on Monday revealed that the poorest half of the world saw their wealth fall by 11% in 2018.

The ongoing rise of populism was also cited as a pressing concern for both Dalio and other panel participants, including Goldman Sachs CEO David Solomon and UBS Chairman Axel Weber, with nationalist and far-right parties making significant electoral gains worldwide in recent months.

Echoing a point he has made repeatedly over the past two years, Dalio said these types of political issues – together with growing protectionism – bear a striking resemblance to market conditions during the final years of the Great Depression in the late 1930s.

“These types of political issues are now very connected to economic issues. So I think that’s the character of the environment that we are in,” Dalio said.

For those who are time strapped and don’t have one hour to listen to the full Davos panel, Dalio recapped most of his key points in the following CNBC interview on Tuesday morning.

via ZeroHedge News http://bit.ly/2S2KgPM Tyler Durden

Existing Home Sales Crash In December

After NAHB’s optimism rebounded earlier in the month, all eyes are on this morning’s existing home sales data for any signs of optimism.

With some expecting a crash (and consensus expecting a modest 1.5% MoM drop), after rebounding in October and November (in the face of declining new and pending home sales), December existing home sales did indeed collapse – down a shocking 6.4% MoM..

With SAAR crashing below 5mm for the first time since 2015…

Regional breakdown:

  • December existing-home sales in the Northeast decreased 6.8 percent to an annual rate of 690,000, 6.8 percent below a year ago. The median price in the Northeast was $283,400, up 8.2 percent from December 2017.

  • In the Midwest, existing-home sales fell 11.2 percent from last month to an annual rate of 1.19 million in December, down 10.5 percent overall from a year ago. The median price in the Midwest was $191,300, unchanged from last year.

  • Existing-home sales in the South dropped 5.4 percent to an annual rate of 2.09 million in December, down 8.7 percent from last year. The median price in the South was $224,300, up 2.5 percent from a year ago.

  • Existing-home sales in the West dipped 1.9 percent to an annual rate of 1.02 million in December, 15 percent below a year ago. The median price in the West was $374,400, up 0.2 percent from December 2017.

The latest results brought the 2018 tally to 5.34 million, the weakest pace since 2015. This is the biggest annual drop in existing home sales in 8 years…

The median sales price rose 2.9 percent from a year earlier, the least since February 2012, to $253,600, while inventory increased.

“Affordability is more important than jobs,” NAR Chief Economist Lawrence Yun said at a briefing in Washington, referring to the softer results despite the strong labor market.

“The housing market is obviously very sensitive to mortgage rates. Softer sales in December reflected consumer search processes and contract signing activity in previous months when mortgage rates were higher than today. Now, with mortgage rates lower, some revival in home sales is expected going into spring.”

Yun noted that the shutdown had no r4eal effect yet and offered some optimism for when it reopens…

The partial shutdown of the federal government has not had a significant effect on December closings, but the uncertainty of a shutdown has the potential to harm the market,” said NAR President John Smaby, a second-generation Realtor from Edina, Minnesota and broker at Edina Realty.

“Once the government is fully reopened, I am hopeful that housing transactions will increase.”

With existing-home sales accounting for about 90% of U.S. housing, it would seem Jay Powell’s dovish tilt just got more support, but at what point does bad news flip to being ‘bad news’ as growth hopes get hammered.

via ZeroHedge News http://bit.ly/2Rafyju Tyler Durden

Homeschooling Produces Better-Educated, More-Tolerant Kids. Politicians Hate That: New at Reason

According to a range of research, government-run schools are academically inferior to homeschooling, riddled with crime and abuse, and producing graduates less tolerant than their counterparts who were educated at home. But rather than fix their pet institutions, writes J.D. Tuccille, politicians prefer to grab for power over people fleeing from their grasp.

Meanwhile, homeschooling in the U.S. is booming, as a growing numbers of families with diverse backgrounds, philosophies, and approaches abandon public schools in favor of taking responsibility for their own children’s education.

Unsurprisingly, writes Tuccille, as the numbers of homeschooled kids grow, their ranks expand beyond the niche populations—religious families, in particular—that originally rejected public schools.

View this article.

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Trump: MAGA Hat Teen Controversy Shows ‘How Evil Fake News Can Be’

In a very competitive week for Fake News, the story of Nick Sandmann, the Covington Catholic High School junior who has received death threats after an edited video of a stare-down with a Native American activist at the Rally for Life in Washington elicited fits of outrage among the left (who hurled comparisons to “baby Hitler” at the innocent teenager and called for him to be doxxed), has taken the crown for one of the most egregious failures of mainstream media scrutiny since the birth of TDS.

And in a tweet Tuesday morning, President Trump himself weighed in, claiming that Sandmann had become a symbol of “Fake News and how evil it can be”.

Teen

Although the fact that Sandmann was subjected to a torrent of verbal abuse and nearly expelled over the incident, Trump said the teenager might be able to use the experience to “bring people together”, adding that it might end “in a dream”, though it started out “unpleasant.”

Trump followed up his initial tweet with yet another missive insisting that he wouldn’t cave to the Democrats even as the partial federal government shutdown enters its 32nd day.

With this praise directly from the president himself, hopefully Sandmann can start to put this incident behind him.

via ZeroHedge News http://bit.ly/2AVY0Ca Tyler Durden

SCOTUS Upholds Trump’s Transgender Military Ban

“I felt a great disturbance in the farce, as if millions of voices suddenly cried out in terror and were suddenly silenced. I fear something terrible has happened.”

In a decision that is bound to ‘trigger’ millions across America (while the majority go about their days giving exactly zero f*cks), the U.S. Supreme Court cleared President Donald Trump’s administration to start barring most transgender people from serving in the armed forces.

As Bloomberg reports, transgender troops have been serving openly since June 2016, when President Barack Obama’s administration began lifting a longstanding prohibition. Opponents of the ban say reinstating it would violate the Constitution’s equal protection clause.

“This case is about whether men and women who want to serve in the United States Armed Forces to protect their country and who are able and otherwise qualified to do so should be barred from military service because they are transgender,” according to court filings on behalf of current and prospective military members.

The justices, voting 5-4, put on hold lower court decisions that had blocked the administration’s planned ban from taking effect. Justices Ruth Bader Ginsburg, Stephen Breyer, Sonia Sotomayor and Elena Kagan dissented.

The administration’s policy is less absolute than Trump’s original tweet suggested. It lets people continue to serve if they began transitioning their gender in reliance on the Obama policy. But it would bar anyone from starting gender transition while in the armed forces. And the policy would block people from joining the military if they have already transitioned.

via ZeroHedge News http://bit.ly/2W9gZlL Tyler Durden