China’s blind pursuit of ‘absolute nationwide safety’ could result in Soviet-style collapse, warns advisor –

Beijing: The blind pursuit of “absolute national security” combined with excessive defense spending may lead to a Soviet-style collapse, China’s top foreign policy adviser has warned the ruling Communist Party led by President Xi Jinping.

The pursuit of “absolute national security” can come at a high price, said Jia Qingguo, a member of China’s top political advisory body Chinese People’s Political Consultative Conference (CPPCC) and cited the collapse of the Soviet Union as evidence of the pitfalls of prioritizing military expansion over long-term security.

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The collapse of the Soviet Union, officially known as the Union of Soviet Socialist Republics or USSR and ruled by the Communist Party of the Soviet Union, has become an important lesson taught in the top Chinese Communist Party (CCP) schools across the country , to avert decisions that lead to his downfall.

Many Chinese leaders have frequently referred to the former USSR and asked the CCP to learn from its historical experiences.

Months after taking power in 2012, President Xi himself said that the collapse of party discipline led to the demise of the 20-million-strong Communist Party of the former USSR.

“If party members did and said what they wanted, the party would turn into a mob,” Xi said.

Jia, who was also a former dean of the School of International Relations at Peking University, says the unrestrained pursuit of security will drastically increase costs and drastically decrease benefits until the costs outweigh the benefits, according to Hong Kong based in southern China, the Morning Post reported on Sunday.

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“Ignore and blindly pursue the comparative nature of security [it] absolutely make the country less secure because of prohibitive costs and failing to achieve absolute security,” writes Jia, who sits on the CPPCC Standing Committee, in the latest issue of the bimonthly Journal of International Security Studies.

His 22-page article is full of thinly veiled criticism of hawkish prospects, the Post reported.

Too much emphasis on defense spending could trigger an arms race, making all countries involved less secure, writes Jia, himself a US affairs specialist.

He cites decades of massive defense spending by the Soviet Union as a prime example of the downside of ignoring long-term security that led to the final collapse of the Soviet Union in 1991.

“The result was that the Soviet Union lagged behind in economic development and was unable to sustain its massive defense spending. People’s lives have not improved for a long time and this has led to a loss of political support, he notes.

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“Actions like these sacrifice long-term interests for short-term gains and have greatly accelerated development [Soviet] Riot and collapse, he writes.

Since Xi took power, internal and external security has become central to CCP politics.

China’s military budget shot up to over $200 billion last year and is expected to increase further when the new budget proposals are announced in March this year.

However, Chinese analysts argue that unlike the Soviet Union, China paid the same attention to economic development that propelled the country to become the world’s second largest economy.

China’s economy grew 8.1 percent to $18 trillion in 2021, according to the latest official data.

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Xi also conducted the largest anti-graft purge in CPC history. Over the past decade, the CCP’s Central Commission for Disciplinary Inspection (CCDI) has conducted investigations and punished more than four million cadres, including nearly 500 high-ranking officials. More than 900,000 have been expelled from the party, about 1 percent of its 95 million members, according to another article in the Post.

Analysts say Xi’s emphasis on security and his anti-graft campaign in the name of strengthening the country and the CCP have boosted his popularity and helped him consolidate power in the party.

The 68-year-old Xi, who will complete a decade in power this year, is expected to continue for life as the once-every-five-year CPC Congress is expected to approve an unprecedented third five-year congress later this year. tenure for him, unlike all of his predecessors who retired after two terms.

The Party elevated him to the status of CCP founder Mao Zedong, which set him apart from other leaders.

His elevation was defended on the grounds that the party and the country needed strong leadership to face the tough challenges posed by the US, EU and other Western countries.

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Jia also warns in his article against an overemphasis on absolute security when it comes to supply chains.

“It is only by completely cutting off foreign trade and achieving economic independence that you can make it really impossible for other countries to exert pressure,” he writes.

But that would only reduce efficiency and let the country fall further behind, making the nation less secure, he warns.

“People concerned with security usually think of national security as the only value a country aspires to, as if once it is safe the country has achieved all its goals and its people are content,” he writes. “But that is not the case.”

The sole aim of maintaining security would also discourage companies from innovating and opening up to foreign companies, which would harm the overall efficiency of the economy, Jia adds.

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China has slammed US missile sanctions as hypocrisy

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Athletes First reps lead company checklist with $2 billion in NFL contracts

Josh Allen # 17 of the Buffalo Bills throws a pass against the Pittsburgh Steelers in the first half at Highmark Stadium on September 12, 2021 in Orchard Park, New York.

Bryan M. Bennett | Getty Images

Athletes First is the top sports agency with around $ 2 billion in contracts for 75 active professional footballers, according to a new study of high-earning agents among well-known and accredited National Football League player representatives.

Athlete’s first agent Todd France tops the list, with around $ 1.19 billion in contracts negotiated between 33 active NFL players. David Mulugheta is also on the list with 42 NFL players and $ 830 million in deals. Together, the two have negotiated just over $ 2 billion in active agreements for Athletes First.

The winning data was compiled by the digital sports betting platform Pickswise in cooperation with the global marketing agency ICS-digital. The companies used active NFL player contract information through Spotrac.com, which collects data on teams and player contracts. The study only collected deals from high profile reps and finds that NFL agents receive up to 3% commission on NFL deals. Using this percentage, France has estimated that more than $ 35 million was earned from active contracts.

Athletes First has negotiated over $ 4 billion in sports contracts, earning approximately $ 85 million in commissions Forbes. But this earnings study did not include contracts for players who were retiring or terminated, nor contracts that have expired.

One of the most famous active NFL deals is Buffalo Bills quarterback Josh Allen, who signed a six-year deal for $ 258 million last month. Allen’s average annual contract value is $ 43 million per season, ranking second only to Patrick Mahomes, quarterback for the Kansas City Chiefs. The Chiefs star signed a 10 year old $ 450 million deal with an average annual value of $ 45 million per season.

Dallas Cowboys quarterback Dak Prescott also used Athletes First to secure his $ 160 million four-year deal. Prescott has chosen to sign a shorter-term contract that will allow him to benefit from a higher salary cap upon his re-entry as the NFL’s $ 100 billion media rights deal will add to the league’s total revenue. The current NFL media deal helped the teams raise approximately $ 309 million each.

The NFL is a high risk of injury sport and most teams do not guarantee player contracts due to the high injury rate. Agents are pushing back on it by seeking as much guaranteed money as possible, including signing bonuses.

If you just take guaranteed money into account, Allen’s deal at $ 150 million is the highest in the NFL. Mahomes’ deal includes a guaranteed $ 141 million, and Prescott ranks third with $ 126 million.

Tom Condon from the high-performing Creative Artists Agency has Allen as a client after taking over for France left CAA in 2020. Condon ranks second in the results study with 24 active NFL players and around $ 954 million in contracts. His commission from the agreements is approximately $ 28 million and the client list includes Atlanta Falcons Quarterback Matt Ryan.

Mulugheta ranks third with $ 24 million in commissions, including the deal he negotiated for Houston Texans quarterback Deshaun Watson, a four-year contract valued at $ 156 million -Dollars guaranteed).

Up-and-coming agents who aren’t in the top ten include Zeke Sandhu of Elite Athlete Management and Wasserman’s Doug Hendrickson ($ 10 million in commissions) and Chafie Fields (around $ 5 million in commissions) of $ 158 million active deals.

Fields recently Pittsburgh Steelers star added JuJu Smith-Schuster and negotiated a $ 100 million deal for Cowboys Wideout-Amari Cooper deal. Cooper’s deal is the highest in the NFL for a wide receiver.

This article has been updated to reflect Josh Allen’s current agency.

Ford poaches prime tech government Doug Area who helped lead Apple’s top-secret automobile venture

Ford Motor Co. is showing a new 2021 Ford F-150 Pickup Truck at Rouge Complex in Dearborn, Michigan on September 17, 2020.

Rebecca Cook | Reuters

DETROIT – Ford engine said Tuesday it has hired earlier Tesla and Apple Executive Doug Field to direct its new technology efforts, a focus for the automaker as part of its new Ford + turnaround to plan.

Field – who directed the development of Teslas Model 3 – most recently as Vice President for Special Projects Apple, which allegedly included the tech giant’s titanium car project.

The hiring is a great addition to Ford and a huge achievement for Apple and his company secret car project, which the company has yet to confirm exists.

“I think every time you lose a respected, seasoned manager who, as we can see, really led Apple’s automotive efforts, it’s a blow to any company,” says Bernstein analyst Toni Sacconaghi, who owns the iPhone -Manufacturer covers. said CNBCs “Closing bell.”

Apple said in an email statement, “We are grateful for the contributions Doug has made to Apple and we wish him all the best for this next chapter.”

Ford said Field will assume the new position of Chief Advanced Technology and Embedded Systems Officer. He will lead Ford’s vehicle control, enterprise connectivity, functions, integration and validation, architecture and platform, driver assistance technology and digital development tools.

“His talent and dedication to innovating that improve customers’ lives will be invaluable as we grow our Ford + plan to deliver great products, lasting customer relationships and constantly improving user experiences,” said Ford CEO Jim Farley in a statement. “We are thrilled that Doug has decided to join Ford and write the next great chapter of this great company.”

Field, who will report to Farley, began his career at Ford in 1987, according to his LinkedIn profile. He then held positions at Johnson & Johnson, Deka Research & Development and Segway before joining Apple in 2008. After more than five years with the tech giant, he moved to Tesla before returning to Apple in 2018.

In 2016, Apple reportedly abandoned plans to build its own car and focused more on developing the software for autonomous driving. Field’s recent assignment at Apple was seen by industry insiders as an indication that the company is thinking about building its own vehicles again.

His most recent stint at Apple was seen by some industry insiders as a re-emphasis on vehicle design after the company realigned its efforts towards autonomous driving software.

Field declined to speak about his work at Apple, but said there was “nothing that prevents me from working full-time at Ford” when asked if his former employer had forced him to sign a nondisclosure agreement sign.

“Apple does not talk about new products, and I will not talk about my work at Apple,” he said on Tuesday during a phone call with reporters. “But nothing prevents me from becoming fully involved with Ford, and I look forward to capitalizing on everything I have from all of the teams I’ve worked with and from all of the companies I’ve been privileged to work with To be part, to use. ” from.”

Field said he chose Ford after speaking with executives at the company and realizing there was a “deep desire” to transform the automotive industry, particularly with connected vehicles.

Connected vehicles are a key part of Ford’s new turnaround plan, which aims to reposition the automaker to generate more recurring revenue through software services.

Farley described the setting of the field as a “watershed moment” for the automaker. It follows Ford chairman Bill Ford, who told CNBC the automaker would announce new leaders to Farley’s management team.

– CNBCs Kevin Stankiewicz and Kif Leswing contributed to this report

Carmen’s Crew blows double-digit lead, eradicated by The Cash Group in TBT

Carmen’s Crew Center dribbled past a defender against The Money Team on July 27th. Image Credit: Courtesy of Ben Solomon

Ohio State’s alumni team, Carmen’s Crew, led the second half with up to 18 years of age, but it wasn’t enough to beat The Money Team – which was ticketed to the Tuesday with a 91-89 win Quarterfinals of the basketball tournament cracked.

Despite a high-octane offensive attack in the first three quarters of the game, Carmen’s crew offensive stuttered on the track – allowing The Money Team to fight back from a 12-point deficit in the fourth quarter. A game-winning jumper from the time of the Elam end lifted The Money Team past Carmen’s crew.

Carmen’s crew fired from all cylinders early but succumbed to fourth quarter pressures – they shot just 45 percent out of the field and 16.7 percent out of three in the final quarter.

Carmen’s crew went into the Elam Ending five points ahead, but late exploits by Munford and Peyton Aldridge led the money team past the Ohio State alumni squad.

At the top of the money team was Munford, who came off the field with an 8 of 12 to a team high of 22 points. Munford scored 14 of his 22 points in the fourth quarter.

The Carmen’s Crew offensive opened the game on fire – losing 31 points on all five 3-point attempts in the first quarter – and allowed the Ohio State alumni team to take a 10-point lead into the second quarter .

At the head of Carmen’s crew’s early offensive attack was guard William Buford, who scored 10 of his total of 15 points in the first frame.

Despite Buford taking the lead early, Carmen’s crew picked up points from all but one player in the first half of the game.

Buford’s supporting cast included Center – who lost 10 points to 3-out-of-4 from the field and 4-out-4 from the charity streak in the first half.

Koufos finished the game with a team high of 18 points, plus two rebounds and two assists.

Despite Carmen’s crew’s early successes on offense, it spun the ball 15 times, resulting in 23 points for The Money Team.

On the defensive side of the floor, guard Shannon Scott served as the ballhawk for Carmen’s crew – she collected three steals and two blocks. Scott also had an offensive impact – he handed out five team-high assists.

Carmen’s crew also checked the glass throughout the competition on Tuesday – and put a 30-26 lead on the boards. 6-foot-2 striker Jeff Gibbs led Carmen’s crew on the glass, racking up a team high of six boards.

The Money Team will play against Blue Collar U in the quarter-finals on Saturday at 9 p.m. on ESPN2.

Striker Leisure to Lead ‘Blade Runner’ Shopper Merchandise

Alcon Entertainment uses Striker Entertainment for the licensing of consumer goods

Alcon entertainment has tapped Striker entertainment about the licensing of consumer goods for the “Blade Runner” franchise with a focus on “Blade Runner: Black Lotus“And” The Expanse “, the science fiction series based on the novels of the same name by James SA Corey.

“Alcon has shown that they know how to produce content that targets the fan in all of us,” said Russell Binder, president of Striker Entertainment. “We are grateful to have been selected to help Alcon expand this fan service with merchandising and experiences that showcase these treasured properties to audiences and consumers both during and between seasons.”

By compiling a list of fan-first tastemaker licensees, Striker Entertainment will oversee fashion collaborations, collectibles, board games, action figures, stationery, clothing, accessories and pop replicas.

The announcement comes as the prioritized series near their release later this year. “The Expanse” will be released for its sixth and final season on Amazon Prime in the fall, while “Blade Runner: Black Lotus” will premiere on Adult Swim and CrunchyRoll before the end of 2021.

“We’re excited to be expanding the Blade Runner universe beyond the screen and working with Striker Entertainment to create incredible merchandise for ‘Blade Runner fans’,” said Alcon Entertainment Co-Founders and Co-CEOs Broderick Johnson and Andrew Kosove. “Also, ‘The Expanse’ fans have asked for more ways to own products related to the show, and we trust Striker Entertainment will take great care of that.”

As an award-winning independent licensing agency, Striker Entertainment represents media and gaming IP for AMC’s “The Walking Dead” and Universal’s “The Umbrella Academy”. She is actively looking for founding partners for her licensing program.

Dolly Parton’s ‘The Library That Dolly Built’ has an exclusive screening window for AARP members

Dolly Parton The film “The Library That Dolly Built” is offering an exclusive screening window for AARP members on Wednesday in collaboration with Dollywood, Abramorama, The Dollywood Foundation, AARP and Giant Pictures.

The July 7 screening of the film examining Parton’s nonprofit Imagination Library will be followed by a global release on July 9 on digital platforms including Apple TV, Amazon Prime Video, Google Play and Cable On Demand.

Originally planned for April 2020, “The Library That Dolly Built” premiered digitally on December 8, 2020 in front of an audience of over 1 million people.

“I’m so excited that we can finally tell the full story of my Imagination Library,” said Parton. “It is certainly not just about me. Our story is the story of children, families and communities who all share the dream of inspiring children to read and learn. I hope this documentary will encourage more cities, more states, and even more countries to jump on board. One thing is certain, this is the best investment I have ever made! “

Oculus Sets’ Paper Birds Pt. 1 & 2 ′ release date

Oculus announced that the animated short film “Paper Birds Pt. 1 & 2 “will be available exclusively for Oculus Quest and Oculus Quest 2 on July 8th.

The two-part virtual reality experience tells the story of Toto (Archie Yates), a short-sighted child with an exceptional musical talent. Under the guidance of his grandparents Robert (Edward Norton), a highly respected musician who was primarily devoted to his music, and Elsa (Joss Stone), who gave up her dreams of becoming an artist to take care of her family , Toto must find his way through the world of darkness to bring back his sister who has been taken away by mysterious shadows. He will use the depth of the music to open portals to the invisible world. And when he faces the shadows, they will reveal their deeper purpose.

Directed by writer German Heller and Federico Carlini, the films are the latest immersive virtual reality experiences from 3DAR and Baobab Studios. They first premiered virtually at the Tribeca Festival 2021 on June 11th.

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Golden Twenties Needn’t Result in 1930s-Type Bust, Berenberg Says

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The global recovery from the pandemic will mirror what are known as the Roaring Twenties after World War I, but according to German bank Berenberg, there is no need for a repeat of the economic collapse that ended in that decade.

Chief economist Holger Schmieding says that “excesses and subsequent corrections are part of life”, but the last twelve years have shown that political decision-makers have learned to deal with crises.

“Neither hyperinflation nor a new global economic crisis appear to be a serious risk as long as policymakers continue to observe the lessons of the 1920s,” Schmieding said in a report. “We see no reason to fear a terrible end comparable to the Great Depression of 1929-1932.”

Boom and bust

The economy in the twenties and the Great Depression

Source: Maddison Historical Data

Schmieding says the pent-up demand will be released in the near future as leisure and travel reopen and spending backed up by excessive savings.

Beyond this boom, he sees an opportunity for a long period of higher growth based on two “big calls”. The long period of balance sheet repair after the collapse of Lehman Brothers Holdings Inc. is over, and productivity growth will accelerate noticeably as the crisis and demographic change drive innovation, he says.

As long as governments address five major challenges – public debt; Resilience against impacts; Education; Pension and entitlement reforms; and climate change – the economy will thrive.

“The chances are good that with just one correction of the garden variety, the twenties will turn out to be golden and not end with an oversized economic catastrophe,” he said. “But this price is only there for those countries that make their political decisions right.”

Before it’s here, it’s in the Bloomberg Terminal.

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‘Westworld’ & ‘Cash Heist’ Stars Lead Amazon Sequence ‘Boundless’ – Deadline

Amazon Prime Video and RTVE have discontinued Rodrigo Santoro (Westworld) and Alvaro Morte (Money Heist) as the explorers of Magallanes and El Cano in a series directed by Simon West Limitless.

The four-part drama tells the story of Juan Sebastián Elcano and Ferdinand Magellan’s epic world tour after they set sail from Spain 500 years ago.

Also in the cast is Sergio Peris-Mencheta (Captain Cartagena), Adrian Lastra (Captain Mendoza), Carlos Cuevas (Martino), Pepon Nieto (Father Bartolomé), Raul Tejon (Gómez de Espinosa), Goncalo Diniz (Duarte Barbosa), Manuel Moron (Cardinal Fonseca) and Barbara Goenaga (Beatrice).

Shooting begins April 26th in the Basque Country and Navarre, before moving to the Dominican Republic, where filming of sea sequences is taking place at Pinewood Studios and in Spain, particularly Seville and Madrid.

Two of the original ships are being converted to scale and a replica of the only surviving ship is used. The epic drama is produced by Mono Films and Kilima Media. S.cript comes from Patxi Amezcua.

The series will be released exclusively on Prime Video in Spain, France, Italy, Portugal, Latin America, the Netherlands, the UK, the US and Andorra.

Carl Icahn names former GE exec Kekedjian to guide Icahn Enterprises: WSJ

Carl Icahn speaks at Delivering Alpha in New York on September 13, 2016.

David A. Grogan | CNBC

Carl Icahn has appointed former General Electric CEO Aris Kekedjian to head his eponymous investment firm. Icahn Enterprises, the billionaire businessman the Wall Street Journal told in an interview published on Sunday.

Kekedjian, GE’s chief investment officer until 2019, will take over as chief executive and chief operating officer of Icahn Enterprises on Monday, Icahn said.

Keith Cozza, the company’s current CEO, and SungHwan Cho, the company’s chief financial officer, are leaving, Icahn said. One reason for the departure is the company’s move from New York to Florida. The newspaper reported that Icahn Enterprises will appoint a new CFO at an unspecified date in the future.

Icahn Enterprises and Kekedjian did not immediately return requests for comments from CNBC.

Icahn Enterprises is a holding company with significant investments in energy, automobiles, real estate, and other sectors.

The company is publicly traded and has a market capitalization of more than $ 13 billion. Icahn, 85, chairman of Icahn Enterprises, is expected to eventually hand over the reins of the company to his son Brett.

‘Nomadland,’ ‘Rocks’ lead extra numerous BAFTA nominations | Leisure

“When you see how much people are in love with ‘Rocks’, you feel indispensable in the world and feel less marginal to the bigger picture,” said Bakray, who was nominated for Best Actress in a video interview, “And you just feel like the main character in your own story. “

Four of the six nominees are women, including Zhao, Gavron, Shannon Murphy (“Babyteeth”) and Jasmila Zbanic (“Quo Vadis, Aida?”). Also nominated are Lee Isaac Chung for the family drama “Minari” and Thomas Vinterberg for the Danish dark comedy “Another Round”.

Other films have also been nominated. A total of 50 films were nominated, compared to 39 in the previous year. BAFTA executive director Amanda Berry said in a video interview that one of the most important parts of the academy’s overhaul was getting members to watch more than just the most hyped films. Despite the pandemic, a total of 258 films were included in this year’s BAFTAs, which, according to the academy, have been viewed more than 150,000 times via its online platform.

“Hundreds of people were involved in this review. This resulted in 120 changes that we made across the company, ”said Berry. “But one of the biggest feedback was that it felt like not enough people were watching enough movies.”

Nominated for best film are: “Nomadland”, Florian Zeller’s dementia drama “The Father”, Kevin Macdonald’s Guantanamo Bay drama “The Mauretanian”, Emerald Fennell’s pitch-black revenge comedy “Promising Young Woman” and Aaron Sorkin’s courtroom drama “The Trial” the 1960s of Chicago 7. ”