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Daily Archives: May 23, 2017
Treasury Secretary Suggests Trump Opposes Border Adjustment Tax – HuffPost
Posted: May 23, 2017 at 11:20 pm
WASHINGTON The Border Adjustment Tax may not be dead, but President Donald Trump himself may be giving up on making the controversial surcharge on imports part of a tax reform bill later this year.
Treasury Secretary Steve Mnuchin indicated during a private meeting with House Freedom Caucus members on Tuesday that Trump doesnt support the Border Adjustment Tax.
He indicated the president is not supportive of the BAT and that we should discuss other differences that might move things forward, one Freedom Caucus member in attendance told HuffPost, requesting anonymity.
Freedom Caucus Chairman Mark Meadows (R-N.C.) said Mnuchin indicated that Trump is moving from a noncommittal, at times ambivalent, stance on the border adjustment tax to straight-out opposition.
He said POTUS was concerned it would affect too many people adversely that are often forgotten in tax reform, Meadows said.
A border adjustment tax, which still has the support of some GOP House leaders, would impose significant levies on imported goods from clothing to auto parts, driving up prices for Americans.
Chip Somodevilla via Getty Images
It is somewhat of a tax on consumers, another Freedom Caucus member, Rep. Rod Blum (R-Iowa), told HuffPost.
Blum agreed with other Freedom Caucus members that Mnuchin seemed doubtful about prospects for a border adjustment tax.
My feeling is its not going to make it through, Blum said, adding that he thought Trump and Mnuchin felt the same way.
I dont know if theyve given up, but my sense out of that meeting was that Mnuchin and he doesnt speak for the president, of course, but doesnt think that, Blum said, trailing off. Theres just too much controversy. Too many people are divided about it.
Mnuchin himself issued his strongest words against the tax on Tuesday during a Peter G. Peterson Fiscal Policy Summit.
One of the problems with the border adjustment tax is that it doesnt create a level playing field, Mnuchin said. It has very different impacts on different companies. It has the potential to pass on significant costs to the consumer. It has the potential of moving the currencies. We want to make sure were creating a level playing field.
Republicans in Congress also poured cold water on the tax during a Ways and Means hearing, with Rep. Erik Paulsen (R-Minn.) publicly switching from a supporter of the tax to an opponent.
Still, its hard to declare the border tax idea totally dead. Speaker Paul Ryan (R-Wis.) remains an enthusiastic supporter, and Ways and Means Chairman Kevin Brady (R-Texas) hasnt given up on the scheme, though he did signal some openness to new proposals Tuesday.
If someone has a better solution, Brady said, bring it.
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Donald Trump’s Newly Released 2018 Budget Calls for Eliminating the NEA – artnet News
Posted: at 11:20 pm
Donald Trumps much-anticipated 2018 budget proposes steep cuts to domestic programsincluding the National Endowment for the Arts (NEA) and the Corporation for Public Broadcasting.
According to anoutline of the budget released last night, the proposal reiterates many of the cuts first rolled out by the administration earlier this year, including the elimination of the NEA and National Endowment of the Humanities (NEH). As usual, however, Congress remains intent on writing its own budget, so Trumps plan is unlikely to go far on Capitol Hill. Trumps proposal, CNN notes, is more a symbolic statement of policy than a practical budget that is expected to be adopted in full.
A spokesperson for the NEA confirms that the presidents 2018 budget proposes the elimination of the department, and includes a request for $29 million from Congress to shut down the agency in an orderly fashion. The spokesperson says that the organizationis fully funded for the fiscal year, and will continue to make 2017 grant awards and honor all obligated grant funds made to date.
She adds: This budget request is a first step in a very long budget process. We continue to accept grant applications for FY 2018 at our usual deadlines and will continue to operate as usual until a new budget is enacted by Congress.
The news of the proposed elimination of the NEA and NEH comes one day after NEH chair William D. Adams abruptly resignedfrom his post. In a statement, a spokesperson for the NEH noted that Adams decision to resign and the timing of his decision were both self-motivated and unrelated to the budget release.
The Trump administrationfirst revealed a proposal to cut the two departments in its federal budget plan this past March.The elimination of both agencies would save a paltry $300 million from the governments allotted$1.1 trillion in overallannual discretionary spending.
Despite their relatively small size, supporters of the programs say they punch above their weight, and that their elimination would have a serious impact on cultural production. The NEA provides funding to often-overlooked cultural organizations outside major US cities and, through its international insurance indemnity program, enables museums to organize ambitious loan shows that would otherwise be prohibitively expensive.
Still, arts advocates shouldnt be too worriedyet. Trumps proposal is likely to face fierce opposition in Congress. Several Republican politicians have come out in favor of federal support for cultural organizations in recent months.
Congress $1 trillion budget to fund the government through the end of the fiscal year on September 30, which passed earlier this month, included $150 million each for the NEA and NEH (a $2 million increase, respectively, from 2016).The Institute of Museum and Library Services, also targeted by Trump for elimination, saw a small increase in its annual funding,from$230 million to $231 million. The Smithsonian Institutions budget increased to $863 million, up $23 millionfrom last year.
Today, the Smithsonian released its 2018 federal budget request, totaling $947 million, an increase of $108.4 million from 2017. According to a statement, much of the increase will be directed to the National Air and Space Museums multiyear revitalization project.
Mark Meadows, a Republican Representative from North Carolina and the chairman of the conservative House Freedom Caucus, told The New York Timesthat Trumps budget is probably is the most conservative budget that weve had under Republican or Democrat administrations in decades.
To finance a dramatic increase in spending on the military and border security, Trump has proposed cutting more than $800 billion from the healthcare program Medicaid over the next decade and $192 billion from nutritional assistance programs like Meals on Wheels, which delivers food to the poor. Meadows told the NYT: Meals on Wheels, even for some of us who are considered to be fiscal hawks, may be a bridge too far.
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Donald Trump's Newly Released 2018 Budget Calls for Eliminating the NEA - artnet News
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Is GST another blow to financial independence of J&K? – Kashmir Reader
Posted: at 11:20 pm
Srinagar: The Mehbooba Mufti government will soon be convening a special session of the legislative assembly to introduce a bill that will merge different taxes into one Goods and Services Tax (GST). The state of Jammu and Kashmir is the only state in the Indian Union that will do so, the others merely following the GST slabs that the government of India will notify. This is because the state of Jammu and Kashmir enjoys a special status under Article 370 of the Indian Constitution. This special status has over the years been undermined in many ways. Could the GST be another blow to it? Economics professor Nisar Ali is of the view that if the JK Assembly passes an exact replica of the GST bill as passed by the Indian Parliament, it will be a violation of the spirit of autonomy enjoyed by the state. If the government passes the (GST) bill as it is, it will be a clear signal that they are violating their own Constitutional act of 1960 in virtue of having special status under Article 370. It goes against the spirit of autonomy of J&K, Ali told Kashmir Reader. He said that J&K enjoys special powers of levying, collecting and implementing taxes by its own agencies or departments, powers that with the implementation of GST would directly go to New Delhi. Ali criticised the Mehbooba Mufti government for not consulting the business community and trade organisations of Kashmir on the GST. He said the government must hold a dialogue with business bodies before convening the special session of the legislative assembly. Only when you have taken the main stakeholders on board will you succeed in customising the proposed bill to suit the states interests. The government also needs to exempt state exports from the tax as we have a very limited exports business of fruits and handicrafts, he said. JK finance minister Haseeb Drabu has said that a special session of the assembly would be convened to approve the GST bill which will be in consonance with the states existing constitutional position. Indian finance minister Arun Jaitley has also assured the J&K government of all possible help in restructuring the GST in accord with the special status of the state. What remains to be seen is whether the bill that the JK assembly passes is in accord with its special status or contrary to it. Ejaz Ayoub, a financial expert based in Srinagar, says that the states fiscal powers are being diluted by the GST. Previously, JK had its own monetary as well as fiscal powers to manage interest rates and taxes. But during the National Conference government, the monetary powers were handed over to New Delhi. Now our fiscal powers, too, are being diluted and snatched away with the GST. The PDP had raised a hue and cry when our monetary powers were being given to New Delhi but now the same PDP is following in the footsteps of the NC, he said. Ejaz pointed out that it took India almost 17 years to decide on the GST, but J&K has been given too insufficient a time to get the law ready within a month. Even if the government says that they dont have to frame an entire act but only have to make certain changes, we still need a good amount of time to reach consensus on the many issues involved in the GST. Our state has divided opinions Jammu has one view while the Valley has another. It is not only the legislators who have to discuss or debate the tax; traders must also be informed what the customised bill contains. There are also legal issues involved with it, he said. The J&K government had hired the Chartered Accountants Association of India to assess whether the GST would be beneficial to the state or not. The association submitted its report to the state government in 2016, recommending the GST. The report, a copy of which is with Kashmir Reader, said that the state will enjoy tax benefits of Rs 1,500 crore to Rs 2,000 crore if the GST is implemented. The report, however, was kept in official rooms and nothing was made available to the general public or to the business organisations of Kashmir. Associate Professor, Department of Law, Kashmir University, Rafiq Ahmad told Kashmir Reader that the GST is in clear contravention of the states special position and is an attempt to integrate the state further into the Indian Union. Economic forums like the Kashmir Chamber of Commerce & Industries, the Kashmir Economic Alliance, the Kashmir Traders and Manufactures Association, and the Federation of Commerce and Industries in Kashmir have welcomed the GST legislation, but at the same time warned of an agitation if the GST takes away the special status of J&K.
CM Mehbooba Mufti, Goods and Services Tax
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Is GST another blow to financial independence of J&K? - Kashmir Reader
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Amy Roloff Ready For Financial Independence, Tonight on ‘Little … – TVRuckus
Posted: at 11:20 pm
Little People Big World is all new tonight on TLC beginning at 9 p.m. ET and the young Roloff husbands are very busy. Both are expectant fathers and each is making a major life change on top of that. Zach and Tori are getting ready for a career change for Zach that will bring in a steady income. Jeremy and Audrey are making the leap of faith it takes to uproot themselves from their current home in Oregon to move closer to the farm.
For Amy and Matt Roloff, having their sons become fathers within months of each other is the jackpot of all time. Both are more than ready to be grandparents and share the love. The delight is evident with Matt talks about building new things on the farm for the babies and Amy speaks about family meals on the farm. Check out the sneak peek posted below!
Little People Big World has tackled the issue of Zach and Toris baby being an LP as he says. The chances are stronger than with Jeremy and Audreys child, but as of this episode of the show, the couple had yet to find out if their child is average size. Zack frets a bit, but when anyone else speaks about it, he pipes up with enthusiasm. Hell be just like me, he says when asked if hes concerned about a baby with dwarfism.
Also on tonights episode is a look at Amy Roloff taking concrete steps towards her dream of owning a restaurant. We know the lady loves to cook and entertain, right? Last season she tried the bed & breakfast idea combined with a camping situation. It about drove her nuts to prepare and execute it to her high standards, but she pulled it off.
What will she need to know about the practicalities of being a restaurateur? The biggest obstacle is the failure rate, which she learns as she discusses the idea with a professional. Amy needs some financial independence from Matt and the farm, so lets see if shes willing to take that kind of risk.
Little People Big World airs Tuesdays on TLC beginning at 9 p.m. ET/PT Image/video credit: Discovery Communications/TLC, used with permission
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Amy Roloff Ready For Financial Independence, Tonight on 'Little ... - TVRuckus
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China regulator punishes Sealand Securities for "chaotic" management – Reuters
Posted: at 11:18 pm
SHANGHAI May 19 China's securities regulator said on Friday it would suspend the launch of Sealand Securities new asset management products for a year and halt other operations after a probe into its business found its internal management "chaotic".
"The probe found that Sealand Securities has problems including chaotic internal management, ineffective compliance and risk management, and many cases of misbehaviors," the China Securities Regulatory Commission (CSRC) said in a statement posted on its microblog.
The regulator added it would suspend Sealand Securities' new account openings and bond underwriting businesses for a year.
The penalties mark the latest move by regulators to clean up the financial sector, with a focus on shadow banking and excessive borrowings that fuel speculation in risky investments.
Sealand Securities' executives could not be reached for comment after Reuters put in several calls to the brokerage late on Friday.
CSRC's probe into Sealand Securities' bond trading and asset management business came in the wake of a scandal last December that triggered a rout in China's bond market.
The scandal involved "forged" bond agreements which the CSRC said involved deals worth about 20 billion yuan ($2.90 billion) and 20 financial institutions.
In a separate statement, CSRC said it punished Sinvo Fund Management Co after a probe found the mutual fund house had lax risk control and management, resulting in defaults in a bond-related investment scheme last December.
Calls to Sinvo were not answered. ($1 = 6.8897 Chinese yuan) (Reporting by Samuel Shen and John Ruwitch; Editing by Jacqueline Wong)
TOKYO Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey found, showing guarded optimism in a nascent export-led economic recovery.
* April manufacturers' sentiment index +24 vs +26 in April Service-sector index +30 in May vs 28 in April
TOKYO Former Federal Reserve Chairman Ben Bernanke said on Wednesday the Bank of Japan may need to coordinate with the government's new fiscal spending program by allowing inflation to overshoot its consumer price target.
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China regulator punishes Sealand Securities for "chaotic" management - Reuters
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Volume Moving the Tape For Sealand Natural Resources Inc (SLNR) – Concord Register
Posted: at 11:18 pm
Shares ofSealand Natural Resources Inc (SLNR) have seen the needle move-46.67% or -0.35 in the most recent session. TheOTCBB listed companysaw a recent bid of $0.4000 on1800 volume.
Digging deeping into the Sealand Natural Resources Inc (SLNR) s technical indicators, we note that the Williams Percent Range or 14 day Williams %R currently sits at -72.22. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Sealand Natural Resources Inc (SLNR) currently has a 14-day Commodity Channel Index (CCI) of -49.99. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Currently, the 14-day ADX for Sealand Natural Resources Inc (SLNR) is sitting at 14.72. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI for Sealand Natural Resources Incis currently at 49.34, the 7-day stands at 46.84, and the 3-day is sitting at 39.53.
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Volume Moving the Tape For Sealand Natural Resources Inc (SLNR) - Concord Register
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China regulator punishes Sealand Securities for ‘chaotic’ management – Yahoo Finance UK
Posted: at 11:18 pm
SHANGHAI (Reuters) - China's securities regulator said on Friday it would suspend the launch of Sealand Securities new asset management products for a year and halt other operations after a probe into its business found its internal management "chaotic".
"The probe found that Sealand Securities has problems including chaotic internal management, ineffective compliance and risk management, and many cases of misbehaviours," the China Securities Regulatory Commission (CSRC) said in a statement posted on its microblog.
The regulator added it would suspend Sealand Securities' new account openings and bond underwriting businesses for a year.
The penalties mark the latest move by regulators to clean up the financial sector, with a focus on shadow banking and excessive borrowings that fuel speculation in risky investments.
Sealand Securities' executives could not be reached for comment after Reuters put in several calls to the brokerage late on Friday.
CSRC's probe into Sealand Securities' bond trading and asset management business came in the wake of a scandal last December that triggered a rout in China's bond market.
The scandal involved "forged" bond agreements which the CSRC said involved deals worth about 20 billion yuan (2.2 billion) and 20 financial institutions.
In a separate statement, CSRC said it punished Sinvo Fund Management Co after a probe found the mutual fund house had lax risk control and management, resulting in defaults in a bond-related investment scheme last December.
Calls to Sinvo were not answered.
(Reporting by Samuel Shen and John Ruwitch; Editing by Jacqueline Wong)
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Tale of the Ticker: Orthometrix Inc (OMRX), Sealand Natural Resources Inc (SLNR) Moving on Volume – Stock Talker
Posted: at 11:18 pm
Orthometrix Inc (OMRX) shares are moving today onvolatility-47.37% or $-0.0045 from the open.TheOTC listed companysaw a recent bid of $0.0050 and126570shares have traded hands in the session.
Deep diving into thetechnical levels forOrthometrix Inc (OMRX), we note that the equitycurrently has a 14-day Commodity Channel Index (CCI) of -131.13. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Orthometrix Incs Williams Percent Range or 14 day Williams %R currently sits at -83.33. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Currently, the 14-day ADX for Orthometrix Inc (OMRX) is sitting at 61.26. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIforOrthometrix Inc (OMRX) is currently at 44.94, the 7-day stands at 45.13, and the 3-day is sitting at 42.32.
Needle moving action has been spotted in Sealand Natural Resources Inc (SLNR) as shares are moving today onvolatility-46.67% or -0.35 from the open.TheOTCBB listed companysaw a recent bid of 0.4000 and1800shares have traded hands in the session.
After a recent check, Sealand Natural Resources Incs 14-day RSI is currently at 49.34, the 7-day stands at 46.84, and the 3-day is sitting at 39.53.
Taking a deeper look into the technical levels ofSealand Natural Resources Inc (SLNR), we can see thatthe Williams Percent Range or 14 day Williams %R currently sits at -72.22. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Sealand Natural Resources Inc (SLNR) currently has a 14-day Commodity Channel Index (CCI) of -49.99. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.
Currently, the 14-day ADX for Sealand Natural Resources Inc (SLNR) is sitting at 14.72. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend.
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It’s Hard to Be A Utopian: Matthew Rankin On His New Film ‘The Tesla World Light’ – Cartoon Brew
Posted: at 11:17 pm
Its also another moving example of the impactful mark that Matthew Rankin can make, in a few minutes using fewer materials than many. His last historical short, Mynarski Death Plummet, packed an emotional punch using a synesthetic technique which The Tesla World Light electrically replicates.
I think of my style, such as it is, as a synthesizing, Rankin explained to Cartoon Brew by phone. Mynarski Death Plummet used hand processing to tell a story. The Tesla World Light does the same using early 20th century avant-garde abstraction. I like using the vocabulary of abstract art and animation for a narrative purpose.
While his previous shorts, like the rapid-fire Cattle Call (co-directed with Mike Maryniuk) and the NFB-produced The Radical Expeditions of Walter Boudreau, played with the fringes of sound, The Tesla World Light hits you right in the eyes with light. Its history, its technique, and its utopian promise, which remain topical for times as deeply troubled as ours.
Cartoon Brew: Your Twitter bio says you live somewhere between slapstick and utopia, which seems fitting because Nikola Tesla was something of a slapstick utopian.
Matthew Rankin: Theres something very romantic about Tesla. He was an idealistic scientist and he was convinced what he was doing was going to save the world. He had a grandiose vision of the future, as did many early 20th century utopians. But I think Tesla ranks among the most grandiose.
Of course, that coexists with other facets of Tesla. There is a photograph of him reading a book, as electric thunderbolts fire around him. There is an element of the absurd in Tesla, and I like that contrast.
Your film begins with Tesla on his deathbed, begging for a loan from J.P. Morgan. Today, Elon Musks company named for Tesla is scaling up solarized electrification. What do you think Tesla would say about this embrace of his vision?
Matthew Rankin: Its interesting, because Tesla himself wasnt that into business, insofar that it could fund his work. He had so many ideas, and he had to get them all out, as people grew impatient with him. And not only that, he was idealistic that energy and electricity could be free for everyone on the planet, which is at odds with the capitalist imperative. Of course, a giant company called Tesla today is somewhat ironic, but at the same time, if I understand the operation, its long-term goal is to reduce dependence on fossil fuels to take back electricity. That is a great homage to Nikola Tesla; it is a way of asserting human freedom through energy.
And those are Teslas actual letters; everything in the film is drawn from something he wrote or said. The letters to Morgan are absolutely fascinating; I found them in the Library of Congress. Theyre much longer and more detailed than what is in the film, but they are beautiful, poetic, heartbreaking, soul-withering, desperate pleas for help. You see that he has all these ideas, but the world is just not interested. It is very beautiful and sad, and reminds me very much of abstract art. I feel like there is a certain similitude between an abstract futurist like Tesla and his contemporaries in the art world.
How did you use Teslas history as a launch window into your abstract technique?
Matthew Rankin: Its about trying to engage in feeling and texture. There is so much about the human experience that resists the historical record, because there is only so much of the past that you can measure and record. So the vocation of the historian is somewhat bereft of this information. What is the history of our most extreme emotions? How can this be documented? That is more the vocation of the artist than the historian, so I try to get at the abstract feelings that may have inhabited the past. Of course, its an imaginative engagement. Its my interpretation.
You chose to play with light to illuminate a scientist who saw, and felt, light like few others.
Matthew Rankin: Light was our raw material. I had done a bit of experimentation with light painting, which is a great technique I associate with experimental photography. You open the exposure and move the light through. Adapting it to animation was very hard but really fun; I think I burned through 15,000 sparklers in the process of making this film. We also used fluorescent lamps, flashlights, light-emitting diodes, and more. There is a shot of Tesla reading in front of his Tesla coil, which is breathing and vibrating with light, that we made using a constructed windmill with a row of lights that could be changed and moved. We spun the windmill while the exposure was open, which created brilliant rings of light.
The inspiration for much of this is an unbelievable photographic archive of Tesla, most of which use these long exposures and silver emulsions. And, of course, the thing about shooting on 16-millimeter film is that it is light. What you are actually having is an encounter with light, rather than an encounter with numbers. When you see black, it is an absence of light, not more numbers.
Youve spoken about using formalism for abstract art, but its handmade imperfection mirrors Teslas vision, which was incongruous with his period.
Matthew Rankin: Its tricky, because we live in an age that has been described as anti-utopian. Utopian visions of the future, which were so much a part of how people encountered their world at the beginning of the 20th century, have all but vanished. Theyve all kind of fallen apart, although there are some that have been hanging on. But I think its a hard era in which to be a utopian. I have a lot of idealistic longing, but I dont have a great deal of idealistic conviction. I think there is a difference.
What about Teslas conviction that he had fallen in love with a pigeon?
Matthew Rankin: That was based on an interview Tesla gave; he really did say it. The climactic scene when the bird explodes with electricity is my interpretation of what Tesla himself described as the birds death. He said a light, more powerful than any he had ever created in his laboratory, started to burst out of the birds eyeballs. The interview was conducted near the end of Teslas life, when he was kind of unstable, so one can imagine his testimony was given through that prism. But I choose to believe it, and I tried to play it as earnest as I could.
It has a comic but historical weight, given its basis in testimony. It also gives you more room to play with symbolism and light.
Matthew Rankin: Thats true. The other light that plays a role in this, according to my own diagnosis, is that Tesla probably had a form of synesthesia, which is where your encounters with the world become visually manifest. Tesla claimed that when he experienced extreme emotions like love, fear, and shock, his eyes would become filled with abstract, luminous forms. The film plays with that.
Hes a great subject for you, because your work has that synesthetic impact, which makes it distinctive. I can quickly tell if Im watching a Matthew Rankin film.
Matthew Rankin: I feel like I live with many cinematic ghosts, hovering over everything that I do. I think of my style, such as it is, as a synthesizing. My last film, Mynarski Death Plummet, used hand processing to tell a story; The Tesla World Light does the same using early 20th century avant-garde abstraction. I like using the vocabulary of abstract art and animation for a narrative purpose. I love experimental film, but I also have a desire to build characters and create emotions.
So my work is about seeing how far I can go to tell a story through the prism of visual abstraction. I do think that visual language can have enormous emotional power. I dont want to say that it can too often be confined or limited by pure formalism, which I also love, but I do want to explore how much emotional information I can infuse.
So how do you follow a short about a dying scientist in love with an electric bird?
Matthew Rankin: I just shot a feature film called The 20th Century, which is a historical live-action drama about a former prime minister of Canada who fell in love with a shoe. [Laughs] Im moving on to inanimate objects.
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It's Hard to Be A Utopian: Matthew Rankin On His New Film 'The Tesla World Light' - Cartoon Brew
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AIA Convention 2017: Message Over Substance? – The Architect’s Newspaper
Posted: at 11:17 pm
The tenor of the sessions, keynotes, and discussions at the AIA conference this year seemed markedly different from those of recent memory. Issues of diversity, equity, inclusion, and social-impact design were front and center. The convention was keynote-heavy, with appearances by Francis Kr, Michael Murray of MASS Design Group, and The Hip Hop Architect Michael Ford, to name a few, as well as Michelle Obama in her first public appearance as a private citizen.
Many of these keynotes were, in effect, a sales pitch for progressive values. But the thunderous applause of the audiences at the keynotes indicated that the vast majority of the 16,000 architects at the convention didnt need to be convinced that race and gender equity and working for the social good are important. After all, architecture is a profession that draws those who want to build something positive in the worlda fact corroborated in several sessions that highlighted survey data indicating the importance of doing meaningful work on a daily basis to employee retention.
So while the inspiration and earnestness of the keynote presenters can not be put to question, a cynical observer could be forgiven for believing that the whole event was a calculated response to the outcry over Robert Ivys posts election comments. Regardless of intent, the PR slick felt like the AIA preaching to a choir that had begun to doubt its pastors faith. The real lost opportunity of the convention, then, was asking the question: Why, if we do as a profession hold these values dear, do we have such a problem putting them into practice?
An earnest exploration of that question is by definition complex, difficult, unsexya fact that was revealed during a smaller keynote follow-up session with Alejandro Aravena, Francis Kr, and Michael Murray. When asked by Rosa Sheng (a leader of the excellent Equity by Design group) how these architects had made doing social impact architecture a viable business model the response from Murray was clear: Its not. This bold admission was followed by each of the panelists describing the torturous journeys theyve embarked on to make projects aimed at the greater good part of their practice. In spite of Murrays pleas to retire the phrase social architecture to avoid creating a false divide, the tensions between the current economic structure of architecture and the desire to embrace a more expansive notion of who we serve was a real, but never more than nascent, backdrop to the discussion.
This session above all demonstrated the long-term failure of the AIA. Its not that architects dont want to do work that benefits the entirety of the public or solve architects demographic crisis. Rather, its that structural problems in society and in the economics of architectural practice create immense barriers to translating intent into outcomes. We dont need convincing. We need the resources weve pooled together in our largest professional organization to start to address the things we cant alone, the things we cant with a single project. We need to confront the crisis of value in architectural work that renders us subservient to developer logics that thrive on the inequity we claim to stand against and render moot the commitment to the public implied by licensure.
On that score, the national AIA clearly remains at a total loss. They might understand a problem exists but their inability to diagnose its systemic roots means their solutions are woefully inadequate. A case in point was when AIA president Tom Vonier introduced Amy Cuddy with a line that held great promise: to confront these [social] issues we need to know our own value. However, any hope for a substantive dialogue on the subject was erased as Cuddy proceeded to talk about how power poses increase perceptions of self-worth for the better part of half an hour. While I dont doubt the importance of good posture, some comments from Twitter noted the shortcomings of this approach. @_YoungCommodity satirically noted, oh our profession is definitely undervalued by the general public [because] theres a perception that architects sit hunched over and not upright. User @sekucci referenced Cuddys riff on the relation of sexism to posture and wrote Amy Cuddy, speaker at #AIACon17 explains teaching girls power poses to solve inequity. Hasnt mentioned teaching sexist men not to be sexist.
A shallowness of discourse also pervaded the majority of sessions covering non-technical issues at the conference, many of which had promising titles that hinted at the larger issues (things like Win More Work: Communicate Your Value, Attracting and Retaining Talent, and Big Data, Civic Hacks, and the Quest for a New Utopia). In most instances, the content on offer was limited to a panoply of buzzwords or tips and tricks. This is a profession in danger of losing its relevance to all but the most decadent corporate and wealthy clientswhere are the sessions on that? Where are the sessions on figuring out how we can increase the pitifully small percentage of buildings designed by an architect?
That isnt to say there werent silver linings. Discussions with the apparatchiks from some state and local AIA components as well as officials from the other architecture collateral organizations (particularly NCARB) revealed a more robust understanding of the issues facing architecture and good faith efforts to address them with new initiatives, like the integrated path to licensure. Its hard to say what makes this architectural deep state so much more in tune with the larger needs of the profession, but one could surmise it is the result of a more intimate knowledge of how the legal and regulatory frameworks surrounding licensure and state practice acts can be shaped to create real change in the structure of the profession. For this middle layer of officialdom, these laws are not immutable facts of existence but the battleground for defending and defining what is we do as architects and how it is valued.
Likewise, the emerging professional leadership of the AIA, are for the most part clear-eyed about the ways in which a culture of overwork and under compensation are turning away potential future architects in droves. Similarly, small practitioners voiced concerns in the handful of sessions tailored to them about struggling financially and being left voiceless in the AIA, despite making up nearly 80 percent of the membership.
The conference remains an important venue for bringing together the many diverse constituencies of architectural practice and taking the pulse of the discipline. If there is a conclusion to be drawn from this years events it that in spite of all the talk about leadership, the national AIA will not be the force behind sweeping changes in architecture. In a striking parallel to the failures of liberal institutions in 2016, we have on our hands an organization that smugly conflates messaging with real solutions and says all of the right things but is one step out of touch with the struggles of being a working architect.
Next years convention will mark the fifty year anniversary of Whitney Young Jr.s famous keynote where he excoriated the profession over our lack of action on issues of racial and social justice. He received a standing ovation then as he would todayunderscoring that the professions failures do not lie in our world view. The 2018 event will be a chance to see if the AIA can make a leap from a progressive affect to progressive action; a leap from positive-but-reactive piecemeal initiatives to a compellingforward-looking outlook and sweeping plan for an architecture that is relevant and helpful to society-at-large. If they dont, we may be looking back in another fifty years, stuck in the same place, at an era where most of us did little more than applaud all the right things.
Keefer Dunn is a nearly-licensed architect based in Chicago. In addition to being adjunct faculty at the IIT College of Architecture, he serves as the national organizer for The Architecture Lobby, a labor advocacy organization for architects, and is the host of Buildings on Air, a radio show about politics and architecture.
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AIA Convention 2017: Message Over Substance? - The Architect's Newspaper
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