Business Rupert Murdoch’s News Corp has posted a US$1.5bn loss, with its Australian and United Kingdom newspaper businesses suffering sharp declines in revenue and its Foxtel pay-TV business in Australia bleeding subscribers, new financial results for 2019-20 show. News Corp Australia and News UK revenue declined 16% and 13% respectively across the year. The results come in a tumultuous week for News Corp after James Murdoch resigned from the board citing “disagreements” over editorial content. Asian shares have mostly been lower. Investors are awaiting a US report on jobs later Friday for another gauge of the economic fallout from the coronavirus pandemic. The pound is worth $1.311 and €1.108 while the FTSE is trending around 20 points down at time of writing. … [Read more...] about Friday briefing: Vulnerable children left in filthy cells, says custody monitor
Election vote buying
Douglas Ross, after all, will be seeking to replace Nicola Sturgeon as First Minister. It will be incumbent upon him to give us a clue as to what he might do, not least with the economy and taxation in future (eventually, one hopes) post Covid days. … [Read more...] about ‘Damn your principles, stick to your party’
It's left the country at a crucial juncture, says Safran. "It's impossible to even start talking about left or right here when in a moment, for the first time in 72 years, we might no longer be a democracy. No reconciliation will start until he steps down, and the danger to democracy will not go away. Soon, there will be no country left." … [Read more...] about What’s behind Israel’s growing protests?
It was a graduate of the Duncan of Jordanstone College of Art and Design, Dundee, who made the modern western that bucked the trend. David Mackenzie’s Hell or High Water was a story of two brothers on a crime spree in west Texas, pursued by a laconic sheriff. The frame of the film – lawman and gunmen – was classical. The twist was the burned-out backdrop of foreclosed farms and post-2008 economic calamity. Handsomely made, the film bloomed into a surprise box-office hit, thriving in the poisoned air of last year’s presidential campaign. To the left, it was a tale of working-class lives destroyed by capitalism; to the right, it was a movie about a country waiting to be Made Great Again. … [Read more...] about Under fire: how cinema’s new breed of cowboys are taking aim at the old west