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China State Media Stoke World-Beating Rally in Nation's Shares – BNN

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(Bloomberg) — Chinese stocks extended their recent rapid climb, aided by an enthusiastic chorus from the nation’s influential state media.

The CSI 300 Index jumped as much as 3.6% on Monday morning, after surging almost 7% last week in its best performance since November 2015. Turnover on the gauge was more than three times the average for this time of day. Brokerages led the gains after China International Capital Corp. hiked target prices for the industry, predicting the stock market will double in value in the next 5-10 years.

A front page editorial in the Securities Times on Monday said that fostering a “healthy” bull market after the epidemic is now more important to the economy than ever. The article pinned the accelerating gains on stock market reforms and excess global liquidity, while saying the struggle between the “world’s powers” underscores the importance of a mature financial market.

China’s state media have long guided investors during key points in markets, whether talking up stocks or seeking to cool overheated speculation. While a strong domestic stock market would send a positive signal about China’s resilience to the coronavirus pandemic, as well as aid company fundraising, it also risks inviting bubbles — such a five years ago, when the equity market crashed after a debt-fueled rally.

“The state is very cautious about is creating another boom-bust as seen in 2015, realizing the harm to confidence that comes from the bust is greater than the good from the ride up,” said Wang Zhuo, Fund Manager at Shanghai Zhuozhu Investment Management Co. Ltd.. “We are still staying in the sectors we already hold which are largely undervalued because we profit from the alpha more than the beta in the market.”

The CSI 300 is up 12% this year, the biggest gain among major global benchmarks, to trade at a five-year high. Its 14-day relative strength has climbed to 86, the highest since December 2014.

©2020 Bloomberg L.P.

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New Brunswick Karens recoil from social media stereotypes – CBC.ca

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At first, it seemed harmless, an internet trend that would surely fade, along the lines of grumpy cat, the ice bucket challenge and that dress that’s either black and blue or white and gold. 

Instead, it got worse.

The name Karen, which first conjured images of bobbed, angry blonds demanding to speak to the manager, morphed into women having rage-infused meltdowns in grocery stores when asked to wear a face mask. 

Somewhere along the way, being a Karen also became shorthand for being a white female racist. 

“That is very upsetting to me,” said Fredericton photographer Karen Ruet. 

Karen Ruet said she finds the Karen memes upsetting. (Submitted/Karen Ruet)

She was most disturbed by the viral video that came to be known as “Central Park Karen.” 

It was taken in May by Christian Cooper, a birdwatcher in Manhattan, who said a woman tried to racially intimidate him after he asked her to put her dog on a leash. 

The woman, Amy Cooper, responds by threatening to call the police. “I’m going to tell them there’s an African-American man threatening my life,” she says repeatedly.

“Those traits have nothing to do with me at all,” said Ruet, recoiling from the memory of the video. 

“I asked a friend to describe me and she said I’m a very kind, loving and genuine person. Actually, she said I’m a very kind, loving and genuine Karen.

“And that’s a description of a lot of the Karens I know. They’re fun-loving, genuine people.”

A popular name once

Karen Quinn, 63, said growing up in Moncton, she had three or four Karens in every class. In her birth year, Karen was the fifth-most popular female baby name, according to websites that track Social Security statistics in the U.S. The name would only become more popular in the next decade.  

“I have eight Karens on my Facebook friends,” said Quinn. 

Karen Quinn said Karen memes stopped being funny after ‘the first 400 times.’ (Submitted/Karen Quinn)

Quinn said the meme was funny “the first 400 times” she heard it but now, not so much. 

“If I need to invoke my inner bitch, I can do that, but I don’t live there,” she said, referring to the early connotation of Karen as the bleached blond who stands up for herself. 

“If something doesn’t go my way, I’ll try to get my point across in a nice manner, and if that doesn’t work, well, then I can speak my mind as well as anybody else. It’s not an often-used super power, but it is there.” 

Karen Woolley says views the Karen memes as a misogynist putdown. (Hadeel Ibrahim/CBC)

Karen Woolley, who was born in 1974 and whose birth name is Kevin David Woolley, recently changed her legal name after using it, informally, for about two years. 

“When I decided to transition into a woman, I wanted to just be normal,” she said. “I just wanted to fit in. I didn’t want a drag name or a modern name. 

“I just wanted to be as if my mum had had a girl and decided to give her a girl name. [Karen] would have been appropriate for the era I was born in.”

‘A misogynist putdown’

Women named Karen in New Brunswick say they’re tired of having their name used in memes to represent entitled, even dangerous, white women. 3:01About five months ago, Woolley’s legal name change certificate arrived in the mail, just as she was figuring out what Karen had come to stand for. 

In her view, it’s a misogynist putdown, used to shut up women, especially on social media or in mainstream media comment sections.  

“They treat me like a woman and unfortunately, being a woman on the internet is not a very pleasant thing,” said Woolley. “I find myself monitoring myself and checking myself.

“Because more often than not, there will be some douche-nozzle out there that will totally just be, ‘OK, Karen’ and dismiss what I have to say.

“And it’s getting worse,” she said. 

Sabine Lebel, assistant professor at UNB in the department of culture and media studies says the popularity of the Karen meme hasn’t stopped because of continuing incidents of white women using their privilege against others. (Sabine Lebel/Zoom)

Sabine LeBel, an assistant professor at UNB in the department of culture and media studies, said the meme hasn’t died because there are ongoing incidents in which white women are using their privilege to put racialized individuals in danger, including that incident in Central Park.

LeBel says the so-called Central Park Karen acted on assumptions about who should or shouldn’t be in the park and assumed that black men aren’t birdwatchers. Lebel said Black Live Matter has raised awareness about how calling the police on a black man could put his life in danger. 

Meme has ‘complexity’

“What’s interesting about memes,” said LeBel, “is that they bring together the visual and often text and sometimes audio,  and it becomes this short-hand, and if we think about how we communicate through Twitter and on social media, we want that instant understanding.

“I think the other level of usefulness, which is particular to the Karen meme, is that it has really sharpened our conversations about race so that we’re not just talking about racialized folks, but we’re talking about white folks and some of the privileges that people with white skin walk around with.”

“We used to talk about privilege being the domain of men, and I think that where the complexity is happening with the  Karen meme is that we’re thinking about the different ways white privilege can function. It can function really differently depending on what your gender is.” 

What’s a ‘good Karen’ to do?

Woolley said there’s no way she’s changing her name again.

The process is arduous, expensive and emotional, she said

“I’m not going to abandon it and become a Claire,” she said. “I’ve bonded with the name. So, Karen and I, we’re together. We are who we are.

“I’ll stay with the name Karen, and it will hurt but I’m not going to run away from my name.”

Karen Ruet says she’s not changing her name.

“I think a real Karen just tries to be herself and carry on,” she said. 

“I mean, what else can you do, right?”

Karen Quinn said she’s tried to push back on Facebook. 

“I’ve commented, ‘Enough Karen bashing, can you deal with the subject?'”

And then somebody commented, “Maybe the good Karens should police the bad Karens.”

“And I just responded with humour and said, ‘No way, I’m going near those bitches.”

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Unifor to begin negotiations August 12th with Detroit Three automakers

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TORONTO, Aug. 6, 2020 /CNW/ – Unifor will begin formal contract talks with the Detroit Three automakers, Fiat Chrysler, Ford and General Motors, to reach collective agreements for nearly 20 thousand members on August 12, 2020.

“These are significant negotiations at a time when the auto sector needs new investment to rebuild our economy with more Made in Canada manufacturing,” said Unifor National President Jerry Dias. “Our union is committed to negotiating a solid agreement that makes progress on wages and working conditions for our members.”

Due to the COVID-19 pandemic, strict safety protocols will be in place for the duration of the negotiations to ensure compliance with Ontario health directives. Unifor will make every effort to provide media with all necessary materials to allow for safe, remote coverage.

In-person attendance will be restricted for opening photo ops but we will have space for one pool videographer and one pool still photographer. The news conference will be less restricted and also streamed live on Facebook and available for 4K download upon request.  Journalists unable to attend in person can ask questions by phone. Any interested media should register in advance by emailing [email protected]  who will provide call in details.

WHAT:  

Media conference and photo opportunities, opening of Detroit Three negotiations

WHEN:  

Wednesday August 12, 2020

9:30 a.m.

Fiat Chrysler opening photo op – Grand Ballroom

11:30 a.m.

General Motors opening photo op – Grand Ballroom

2:00 p.m.

Ford opening photo op – Grand Ballroom

3:15 p.m.

News Conference – Dominion Ballroom and live on Facebook

WHERE:

Sheraton Centre, 123 Queen Street West, Toronto

WHO:

Unifor National President Jerry Dias and Unifor Master  Bargaining Committee representatives

For more background on Canada’s auto sector please download our fact sheet here.
A digital media kit will be available next week.

Unifor is Canada’s largest union in the private sector and represents 315,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.

SOURCE Unifor

 

Source:- Canada NewsWire

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New media platform putting Dene in control of their stories – Cabin Radio

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A Dene woman in the Northwest Territories is working to amplify Indigenous voices and perspectives in media.

Tyra Moses, who is known for her photography work, recently launched Dené Media, a new platform for Indigenous photography, film, documentaries, and research through a Dene lens.

Moses said she wants to counter prejudiced and inaccurate representations of Dene in media. 

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“I find the Dene peoples [are] very hardworking, industrious, and strong, resilient nations that are able to survive in tough conditions,” she said. “I want this to be shown in media. And I want Indigenous youth, like my daughter, [to] have positive … community role models to look up to.” 

Moses is currently studying anthropology and business management at the University of Lethbridge in Alberta. She began developing Dené Media this summer while she has been at home in Łíídlįį Kûę First Nation, but she said it’s something she’s been working toward for some time. 

“While attending university and completing academic research into the Dene peoples, I found that there’s a lot of representation from non-Indigenous people,” she said. “I think it’s important that we start bringing back the Indigenous Dene histories to the people so they’re in control of their own histories and their own stories.”

Moses is currently creating all of the content for Dené Media. As the organization grows, she hopes to develop a quarterly e-magazine where people can contribute content on things like Dene history or land back. She also wants to provide training for youth so they can help tell Indigenous stories.

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Moses said it’s also important to her that Dené Media’s research methodology is based on the Dene values of respect, sharing, and a connection to land, water, and all living things. 

“We’re trying to find the best venue to approach and translate Dene laws into the modern day processes and ensuring that all our research is approached ethically and respectfully within Indigenous communities,” she said.

Inuit TV increasing Inuktut content

This is not the first media organization to be launched in the North in recent months that’s aiming to improve Indigenous representation.

In July, Nunatsiaq reported that a new Inuktut TV channel would be receiving $2.4 million in funding over three years from Nunavut Tunngavik Inc.

Inuit TV is the culmination of long-standing efforts by Nunavut broadcasters to create such a channel. There are plans for it to provide educational programming in a variety of Inuktut dialects across the circumpolar North. 

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