The good times just keep on rolling for film production in the Okanagan.
More than 30 film productions helped to bring in almost $24 million to the Okanagan economy in 2019, according to the Okanagan Film Commission (OFC).
Major film investments included over $3.8 million from “The Last Victim”, almost $2.2 million from “Alice In Wonderland” and almost $1.9 million from “Chained”.
“The Okanagan, Boundary, and Similkameen Valleys have a proven track record for providing exceptional value for the producers’ dollar,” said the report.
“We have the talent, energy, and heart to meet most production needs and the tools that will help bring it in on time and on budget.”
To calculate the total investment amount, the commission tracked production, labour, accommodation and supplier costs spent in the Okanagan by filmmakers over the last year.
The report also provided an overview of the commissions 2020 budget, which includes almost $300,000 in operating costs to help attract top film talent to the Okanagan.
For more information, you can look at the OFC’s report online.
Some of the world's biggest economies are on the brink of recession – CNN
President Trump heads to India as trade tensions simmer
Economy will be 'strong factor' aiding Trump's re-election despite Boeing hit, Mnuchin says – CNBC
US Treasury Secretary Steven Mnuchin attends a session at the Congres center during the World Economic Forum (WEF) annual meeting in Davos, on January 21, 2020.
FABRICE COFFRINI | AFP via Getty Images
The strength of the U.S. economy will prove to be an important factor when voters head to the polls in November, according to U.S. Treasury Secretary Steven Mnuchin, despite a slew of headwinds that could weigh on growth this year.
Mnuchin warned earlier this month that U.S. growth may not hit Trump’s pledged 3% growth in GDP (gross domestic product) in 2020.
Speaking to CNBC at the G-20 Summit in Riyadh, Saudi Arabia, on Sunday, Mnuchin said disruptions at Boeing could cause a 50 basis point drag on growth, compounded by General Motors strikes and the potential impact of the coronavirus outbreak.
“But the real impact in terms of the American economy, wages are going up, more jobs are being created and more people are coming back into the workforce than ever before,” Mnuchin told CNBC’s Hadley Gamble.
“(GDP) is a global statistic, the statistic people really care about is are they working, are they getting more jobs, are they getting more pay? And on that basis, we’re getting all As.”
U.S. unemployment recently hit a 50-year low, continuing a consistent downward trend set in motion in 2010. Real average hourly earnings for all private nonfarm employees increased 0.6% from January 2019 to January 2020, according to the U.S. Bureau of Labor Statistics.
“The change in real average hourly earnings combined with a 0.6-percent decrease in the average workweek resulted in essentially no change in real average weekly earnings over this period,” the Bureau said in a report Friday.
Mnuchin told CNBC he saw the economy being a very “strong factor” in the president’s re-election. “And as you look at the U.S. economy relative to the world economy, the U.S. is the bright spot on world growth,” he said.
China braces for inevitable big hit to economy from virus, says Xi – Financial Post
BEIJING — China will step up policy adjustments to help cushion the blow on the economy from a coronavirus outbreak that authorities are still trying to control, President Xi Jinping was quoted as saying on Sunday.
The situation is showing a positive trend after arduous efforts but there is no room for “weariness and relaxed mentality” among officials, state television quoted him as saying.
“At present, the epidemic situation is still severe and complex, and prevention and control work is in the most difficult and critical stage,” Xi said.
“The outbreak of novel coronavirus pneumonia will inevitably have a relatively big impact on the economy and society,” Xi said, adding that the impact would be short-term and controllable.
The outbreak is one of the most serious public health crises to confront Chinese leaders in decades.
“For us, this is a crisis and is also a big test,” Xi said.
Chinese policymakers have implemented a raft of measures to support an economy jolted by the virus, which is expected to have a devastating impact on first-quarter growth.
Low-risk provinces should focus on restoring work and production in an all-round way, provinces with medium-level risks should aim for an orderly work resumption, while high-risk regions should focus on epidemic controls, Xi said.
The government would step up policy support to help achieve economic and social development targets for 2020, Xi said.
China would maintain a prudent monetary policy and roll out new policy steps in a timely way, he said, adding the government would also study and roll out phased tax cuts to help tide small firms over difficulties.
The government would also take steps to support flexible employment and help college graduates to find jobs, Xi added. (Reporting by Yingzhi Yang and Kevin Yao; Editing by Frances Kerry and Alex Richardson)
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