Facebook cuts ties to data brokers in blow to targeted ads

Facebook Inc said on Wednesday it would end its partnerships with several large data brokers who help advertisers target people on the social network, a step that follows a scandal over how Facebook handles personal information.

The world’s largest social media company is under pressure to improve its handling of data after disclosing that information about 50 million Facebook users wrongly ended up in the hands of political consultancy Cambridge Analytica.

Facebook adjusted the privacy settings on its service on Wednesday, giving users control over their personal information in fewer taps.

Facebook has for years given advertisers the option of targeting their ads based on data collected by companies such as Acxiom Corp and Experian PLC.

The tool has been widely used among certain categories of advertisers – such as automakers, luxury goods producers and consumer packaged goods companies – who do not sell directly to consumers and have relatively little information about who their customers are, according to Facebook.


“While this is common industry practice, we believe this step, winding down over the next six months, will help improve people’s privacy on Facebook,” Graham Mudd, a Facebook product marketing director, said in a statement.

Shares in Acxiom traded down more than 10 percent to $25 after Facebook’s announcement after the bell. Shares in other data brokers were largely unchanged.

Acxiom said late on Wednesday it did not expect this change to impact its revenue or earnings for the year ending in March. The company currently expects revenue in the range of $910 million to $915 million in the 2018 fiscal year.

However, for the 2019 fiscal year, Acxiom expects total revenue and profitability to be negatively impacted by as much as $25 million.

Facebook declined to comment on how the change could affect its ad revenue.

Advertisers would still be able to use third-party data services to measure how well their ads performed by examining purchasing data, Facebook said.

Facebook’s website lists nine third-party data providers that it has worked with, including Acxiom, Experian, Oracle Data Cloud, TransUnion and WPP PLC.

Other companies, besides Acxiom, were not available for comment.

Facebook on Wednesday also put all its privacy settings on one page and made it easier to stop third-party apps from using personal information. Privacy settings had previously been spread over at least 20 screens, Facebook said.

Facebook said in a blog post it had been working on the updates for some time but sped things up to appease users’ anger over how the company uses data and as lawmakers around the globe call for regulation.

Facebook’s shares closed up 0.5 percent at $153.03 on Wednesday. They are still down more than 17 percent since March 16, when Facebook first acknowledged that user data had been improperly channeled in 2014 via a third-party app to Cambridge Analytica, which was later hired by Donald Trump’s 2016 presidential campaign.

The data leak has raised investor concerns that any failure by big tech companies to protect privacy could deter advertisers, who are Facebook’s lifeblood, and lead to tougher regulation.

SCRUTINY FROM LAWMAKERS

Facebook Chief Executive Mark Zuckerberg has repeatedly apologized for the mistakes the company made and has promised to crack down on abuse of the Facebook platform and restrict developers’ access to user information.
There is a new Facebook page – called Access Your Information – where users can see what they have shared and manage it.

“The biggest difference is ease of access in settings, which fulfills Mark Zuckerberg’s promise to make the privacy process and permissions more transparent to users,” Wedbush analyst Michael Pachter said.

It was uncertain whether the changes will satisfy lawmakers.

They were announced ahead of a stringent European Union data law which comes into force in May. It requires companies to give people a “right to portability” – to take their data with them – and imposes fines of up to 4 percent of global revenue for companies breaking the law.

Lawmakers in the United States and Britain are still clamoring for Zuckerberg himself to explain how users’ data ended up in the hands of Cambridge Analytica.

He plans to testify before Congress, a source briefed on the matter said on Tuesday. Facebook has said it has received invitations to testify and that it is talking to legislators.

Zuckerberg and the CEOs of Alphabet Inc and Twitter Inc have been invited to testify at an April 10 hearing on data privacy. The US House Energy and Commerce Committee and US Senate Commerce Committee have also asked Zuckerberg to appear at a hearing.

The US Federal Trade Commission has opened an investigation into Facebook, and attorneys representing 37 states are also pressing Zuckerberg to explain what happened.

source: interaksyon.com

Whistleblower questions Brexit result, says campaigners broke election law

LONDON – A whistleblower at the heart of a Facebook data scandal on Monday questioned the result of Britain’s 2016 Brexit referendum as his lawyers presented evidence that they said showed the main campaign for leaving the EU had broken the law.

With just a year until Britain is due to leave the European Union, two whistleblowers – one from the British political consultancy Cambridge Analytica and one from the Vote Leave group – have alleged that Brexit campaigners funded their campaign illegally.

By doing so, they have pulled Brexit into a scandal that has forced Mark Zuckerberg to apologize for how Facebook handled users’ data, and raised questions about how Donald Trump’s 2016 campaign employed data.

Vote Leave officials on Monday denied breaking election rules and said they were facing an attempt to undermine Brexit by smearing their reputations.

The whistleblowers’ law firm, London-based Bindmans, released 53 pages of selected evidence on Monday.


In a legal opinion, Bindmans said there was a prima facie case that Vote Leave broke election spending limits by donating to an allied group known as BeLeave, with which it was working closely.

“Can we be confident in the result of the referendum?” said whistleblower Christopher Wylie, formerly of Cambridge Analytica. “This is not refighting the referendum. This is about the integrity of the democratic process.”

“If this country is on the path of an irreversible decision, we really should be confident that the basis of that decision came from a free and fair vote – and what this evidence does is it calls into question whether it was free and fair.”

Reuters was unable to verify the allegations made against Vote Leave. Matthew Elliott, its former CEO, said the allegations were wrong.

“Vote Leave did not break the law,” Elliott told Reuters. “Voters can be confident this was a free and fair referendum.”

Elliott said the Electoral Commission had twice looked into Vote Leave’s relationship with BeLeave and had given it a clean bill of health both times. He said he was confident that the third investigation would produce the same result.

“The basis of all this is an attempt by people on the ‘Remain’ campaign to call into doubt the result of the EU referendum,” Elliott said.

source: interaksyon.com

Musk deletes Facebook pages of Tesla, SpaceX after challenged on Twitter

Verified Facebook pages of Elon Musk’s rocket company SpaceX and electric carmaker Tesla Inc disappeared on Friday, minutes after the Silicon Valley billionaire promised on Twitter to take down the pages when challenged by users.

“Delete SpaceX page on Facebook if you’re the man?” a user tweeted to Tesla Chief Executive Musk. His response: “I didn’t realize there was one. Will do.” (bit.ly/2pDcu3l)

Facebook pages of SpaceX and Tesla, which had millions of followers, are no longer accessible.

Musk had begun the exchange by responding to a tweet from WhatsApp co-founder Brian Acton on the #deletefacebook tag.

The hashtag gained prominence after the world’s largest social network upset users by mishandling data, which ended up in the hands of Cambridge Analytica – a political consultancy that worked on U.S. President Donald Trump’s 2016 election campaign.


“What’s Facebook?” Musk tweeted.

Many users also urged the billionaire to delete the profiles of his companies on Facebook’s photo-sharing app Instagram.

“Instagram’s probably ok … so long as it stays fairly independent,” Musk responded.

“I don’t use FB & never have, so don’t think I’m some kind of martyr or my companies are taking a huge blow. Also, we don’t advertise or pay for endorsements, so … don’t care.”

Musk has had run-ins with Facebook Inc (FB.O) founder Mark Zuckerberg in the past.

Last year, a war of words broke out between Musk and Zuckerberg over whether robots will become smart enough to kill their human creators.

When Zuckerberg was asked about Musk’s views on the dangers of robots, he chided “naysayers” whose “doomsday scenarios” were “irresponsible.”

In response, Musk tweeted: “His understanding of the subject is limited.”

source: interaksyon.com

Facebook made mistakes on user data — Zuckerberg

SAN FRANCISCO, CALIFORNIA — Facebook Inc Chief Executive Mark Zuckerberg said on Wednesday that his company made mistakes in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers’ access to such information.

The world’s largest social media network is facing growing government scrutiny in Europe and the United States about a whistleblower’s allegations that London-based political consultancy Cambridge Analytica improperly accessed user information to build profiles on American voters which were later used to help elect U.S. President Donald Trump in 2016.

Zuckerberg, in his first public comments since the scandal erupted at the weekend, said in a post on Facebook that the company “made mistakes, there’s more to do, and we need to step up and do it.” (bit.ly/2DHAlUJ)

He did not elaborate on what the mistakes were, but he said the social network plans to conduct an investigation of apps on its platform, restrict developer access to data, and give members a tool that lets them more easily disable access to their Facebook data.

His plans did not represent a big reduction of advertisers’ ability to use Facebook data, which is the company’s lifeblood.


Zuckerberg later told CNN, “This was a major breach of trust. I’m really sorry this happened. We have a basic responsibility to protect people’s data.”

He told CNN that Facebook was committed to stopping interference in the U.S. midterm election in November and elections in India and Brazil.

Zuckerberg said he was open to additional government regulation and happy to testify before the U.S. Congress if he was the right person.

“I’m not sure we shouldn’t be regulated,” he said. “I actually think the question is more what is the right regulation rather than yes or no, should it be regulated? … People should know who is buying the ads that they see on Facebook.”

Facebook shares pared gains on Wednesday after Zuckerberg’s post, closing up 0.7 percent. The company has lost more than $45 billion of its stock market value over the past three days on investor fears that any failure by big tech firms to protect personal data could deter advertisers and users and invite tougher regulation.

Facebook representatives including Deputy Chief Privacy Officer Rob Sherman met U.S. congressional staff for nearly two hours on Wednesday and planned to continue meetings on Capitol Hill on Thursday. Facebook was unable to answer many questions, two aides who attended the briefing said.

Zuckerberg told the website Recode that fixes to protect users’ data would cost “many millions of dollars.”

The whistleblower who launched the scandal, Christopher Wylie, formerly of Cambridge Analytica, said in a tweet that he had accepted invitations to testify before U.S. and UK lawmakers.

Facebook founder Mark Zuckerberg speaks during the Alumni Exercises following the 366th Commencement Exercises at Harvard University in Cambridge, Massachusetts, U.S., May 25, 2017. REUTERS/Brian Snyder
The German government said Facebook must explain whether the personal data of the country’s 30 million users were protected from unlawful use by third parties, according to a report in the Funke group of German regional newspapers.

‘Scapegoat’

On Tuesday, the board of Cambridge Analytica suspended its Chief Executive Alexander Nix, who was caught in a secret recording boasting that his company played a decisive role in Trump’s victory.

But the academic who provided the data disputed that on Wednesday.

“I think what Cambridge Analytica has tried to sell is magic, and they’ve made claims that this is incredibly accurate and it tells you everything there is to tell about you. But I think the reality is it’s not that,” psychologist Aleksandr Kogan, an academic at Cambridge University, told the BBC in an interview broadcast on Wednesday.

Kogan, who gathered the data by running a survey app on Facebook, also said that he was being made a scapegoat by Facebook and Cambridge Analytica. Both companies have blamed Kogan for alleged data misuse.

Only 300,000 Facebook users responded to Kogan’s quiz, but that gave the researcher access to those people’s Facebook friends as well, who had not agreed to share information, producing details on 50 million users.

Facebook has said it subsequently made changes that prevent people from sharing data about friends, and maintains that no data breach occurred because the original users gave permission. Critics say that it essentially was a breach because data of unsuspecting friends was taken.

source: interaksyon.com

Trump consultants harvested data from 50 million Facebook users: reports

Data analytics firm Cambridge Analytica harvested private information from more than 50 million Facebook users in developing techniques to support President Donald Trump’s 2016 election campaign, the New York Times and London’s Observer reported on Saturday.

The newspapers, which cited former Cambridge Analytica employees, associates and documents, said the data breach was one of the largest in the history of Facebook Inc.

Facebook on Friday said it was suspending Cambridge Analytica after finding data privacy policies had been violated.

The Observer said Cambridge Analytica used the data, taken without authorization in early 2014, to build a software program to predict and influence choices at the ballot box.

The paper quoted Cambridge Analytica whistleblower Christopher Wylie, who worked with an academic at Cambridge University to obtain the data, as saying the system could profile individual voters to target them with personalized political advertisements.


The more than 50 million profiles represented around a third of active North American Facebook users, and nearly a quarter of potential US voters, at the time, the paper said.

“We exploited Facebook to harvest millions of people’s profiles. And built models to exploit what we knew about them and target their inner demons. That was the basis that the entire company was built on,” the Observer quoted Wylie as saying.

The New York Times said interviews with a half-dozen former Cambridge Analytica employees and contractors, and a review of the firm’s emails and documents, revealed it not only relied on the private Facebook data but still possesses most or all of it.

The Observer said the data was collected through an app called thisisyourdigitallife, built by academic Aleksandr Kogan, separately from his work at Cambridge University.

Through Kogan’s company Global Science Research (GSR), in collaboration with Cambridge Analytica, hundreds of thousands of users were paid to take a personality test and agreed to have their data collected for academic use, the Observer said.

However, the app also collected the information of the test-takers’ Facebook friends, leading to the accumulation of a data pool tens of millions-strong, the paper said. It said Facebook’s “platform policy” allowed only collection of friends data to improve user experience in the app and barred it from being sold on or used for advertising.

Facebook said on Friday it had suspended Cambridge Analytica and its parent group Strategic Communication Laboratories (SCL) after receiving reports they did not delete information about Facebook users that had been inappropriately shared.

A spokesman for Cambridge Analytica said GSR “was contractually committed by us to only obtain data in accordance with the UK Data Protection Act and to seek the informed consent of each respondent.”

“When it subsequently became clear that the data had not been obtained by GSR in line with Facebook’s terms of service, Cambridge Analytica deleted all data received from GSR,” he said.

“We worked with Facebook over this period to ensure that they were satisfied that we had not knowingly breached any of Facebook’s terms of service and also provided a signed statement to confirm that all Facebook data and their derivatives had been deleted,” the spokesman said.

He added that “no data from GSR was used by Cambridge Analytica as part of the services it provided to the Donald Trump 2016 presidential campaign.”

The Trump campaign did not respond to a request for comment. Facebook did not mention the Trump campaign or any other campaigns in its statement, which was attributed to the social network’s deputy general counsel, Paul Grewal.

“We will take legal action if necessary to hold them responsible and accountable for any unlawful behavior,” Facebook said, adding that it was continuing to investigate the claims.

In a Twitter post, Facebook’s Chief Security Officer Alex Stamos called the news reports “important and powerful,” but said it was “incorrect to call this a ‘breach’ under any reasonable definition of the term.”

“We can condemn this behavior while being accurate in our description of it,” he said.

‘MORE EVIDENCE’

On its website, Cambridge Analytica says it “provided the Donald J. Trump for President campaign with the expertise and insights that helped win the White House.”
Brad Parscale, who ran Trump’s digital ad operation in 2016 and is his 2020 re-election campaign manager, declined to comment on Friday.

In past interviews with Reuters, Parscale has said Cambridge Analytica played a minor role as a contractor in the 2016 campaign, and that the campaign used voter data from a Republican-affiliated organization rather than Cambridge Analytica.

Senator Mark Warner, the top Democrat on the US Senate Intelligence Committee, said the case was “more evidence that the online political advertising market is essentially the Wild West” and showed the need for Congress to pass legislation to bring transparency and accountability to online political advertisements.

The suspension means Cambridge Analytica and SCL cannot buy ads on the world’s largest social media network or administer pages belonging to clients, Andrew Bosworth, a Facebook vice president, said in a Twitter post.

Trump’s campaign hired Cambridge Analytica in June 2016 and paid it more than $6.2 million, according to Federal Election Commission records.

Cambridge Analytica says it uses “behavioral microtargeting,” or combining analysis of people’s personalities with demographics, to predict and influence mass behavior. It says it has data on 220 million Americans, two-thirds of the U.S. population.

It has worked on other campaigns in the United States and other countries, and it is funded by Robert Mercer, a prominent supporter of politically conservative groups.

Facebook in its statement described a rocky relationship with Cambridge Analytica and two individuals going back to 2015.

That year, Facebook said, it learned that Kogan, the Cambridge University professor, lied to the company and violated its policies by sharing data that he acquired with a so-called “research app” that used Facebook’s login system.

Kogan was not immediately available for comment.

The app was downloaded by about 270,000 people. Facebook said Kogan gained access to profile and other information “in a legitimate way” but “he did not subsequently abide by our rules” when he passed the data to SCL/Cambridge Analytica and Wylie of Eunoia Technologies. Eunoia did not immediately respond to a request for comment.

Facebook said it cut ties to Kogan’s app when it learned of the violation in 2015, and asked for certification from Kogan and all parties he had given data to that the information had been destroyed.

Although all certified they had destroyed the data, Facebook said it received reports in the past several days that “not all data was deleted,” prompting the suspension announced on Friday.

source: interaksyon.com

Versace and Furla join designer labels ditching fur

MILAN (Reuters)—Italian fashion house Versace and handbag and accessories maker Furla said they would stop using real fur in their creations, joining a growing list of luxury labels turning their backs on the fur industry.

Fashion houses around the world are bowing to pressure and using alternatives to real fur amid pressure from animal rights groups and changing tastes of younger customers, who are increasingly aware of the environmental issues linked with the clothes they buy.

Donatella Versace, the artistic director and vice-president of Versace, said that she did not want to kill animals to make fashion and that it “it doesn’t feel right”, speaking in an interview with The Economist’s 1843 magazine on Wednesday.

People for the Ethical Treatment of Animals’ (PETA) Senior Vice President Dan Mathews said in an emailed statement that it was “a major turning point in the campaign for compassionate fashion”, adding that he looked forward to seeing a “leather-free Versace next”.

The animal rights group recently campaigned at the Pyeongchang Winter games for an end to the fur trade.

Furla on Thursday committed to replacing all fur with faux-fur for both menswear and womenswear starting from its Cruise 2019 collection.

Italian fashion group Gucci, part of Paris-based luxury conglomerate Kering, said in October it would stop using fur in its designs from its spring and summer 2018 collection joining Armani, Hugo Boss, Tommy Hilfiger, Calvin Klein and multi-brand online luxury retailer Yoox Net-A-Porter.

British designer Stella McCartney has long followed a so-called “vegetarian” philosophy, shunning not only fur, but also leather and feathers.

source: interaksyon.com

Trump’s tariffs prompting some US fund managers to look overseas

NEW YORK – President Donald Trump’s announcement of import tariffs, and the prospect of retaliation by other countries, is prompting some fund managers to pare their holdings of US stocks and look for opportunities overseas.

The high turnover of key staff in the White House, including the exit of Gary Cohn, the director of the National Economic Council this week is undermining confidence in policy making also.

President Trump said Thursday that he would begin imposing import tariffs of 25 percent on steel and 10 percent on aluminum in 15 days, sparking fears of a global trade war.

Gary Cohn, the chief economic adviser to Trump, who argued against trade protectionism, resigned late Tuesday after
Trump first announced the tariff plan and his successor has yet to be named.

Fund managers from Oppenheimer, Federated, and Wells Fargo are among those that now see international and emerging market equities as more attractive than the US, where the prospect of higher interest rates contributed to a slump in stocks in February, leaving the benchmark S&P 500 stock index up about 2.0 percent for the year-to-date, after turning in a 7.0 percent gain in January.


Overseas stocks, by comparison, are benefiting from synchronized economic growth in both Europe, Asia and the Americas, but offer lower valuations.

The gross domestic product of countries in the eurozone, for example, expanded at a 2.7 percent annual rate in the fourth quarter, outpacing the 2.5 percent gain in the U.S. economy over the same time. The Stoxx 600, an index of companies in the eurozone, trades at a trailing price to earnings ratio of 14.9, compared with a 22.7 P/E ratio for the S&P 500, according to Thomson Reuters data.

“You’re still seeing an earlier stage of an expansion cycle overseas versus the United States, which is likely to bounce between expansion and slowdown in the year ahead,” said Brian Levitt, senior investment strategist at OppenheimerFunds.

Emerging markets such as China and Russia also look attractive given their prospects for economic growth and low equity valuations, he said.

In the US, meanwhile, a Democratic party takeover of at least one branch of Congress in elections in November would bring more stability to Washington by curbing President Trump’s ability to expand protectionist policies, he said.

“History suggests markets do better with divided government because there is less uncertainty with policy because it becomes harder to get anything enacted,” he said.

WHY TARIFFS HURT

The prospect of import tariffs could damage the U.S. economy by raising costs for US. manufacturers and consumers, while prompting its trading partners to impose their own levies on U.S. exporters, increasing their costs also and sapping overseas demand.

Daniel Pinto, a co-president at JPMorgan Chase & Co, said in an interview with Bloomberg on Thursday that the US equities could fall by between 20 and 40 percent over the next three years if a global trade war breaks out.

Brian Jacobsen, multi-asset strategist at Wells Fargo Asset Management, said that the risks of retaliatory tariffs is prompting him to add to emerging markets and international stocks but at a slow pace, despite the fact that they look more attractive on a fundamental basis.

“Strategically, we still really like international and emerging markets, but when you have asymmetric risks, that makes us a little cautious on non-U.S. assets for now”, given that markets have not yet priced in the possibility of more protectionist policies, he said.

Overall, US fund managers have been reducing their stake in domestic stocks as interest rates rise, making bonds more attractive.

US balanced funds, which hold both equities and bonds, now have an average of 55 percent of their assets in stocks, a 4.0 percent decline from 2014, and nearly 41 percent of their assets in bonds, according to Lipper data.

Yet Ashwin Alankar, head of global asset allocation at Janus Henderson Investors, said that he remains a fan of large-capitalization US stocks despite the likelihood of higher trade costs and inflation.

The recently-passed US corporate tax cuts provide on-going fiscal stimulus that should balance out higher interest rates, he said, a boost to stock prices that is not found in other markets.

As a result, he is moving more of his portfolio in large-cap US stocks, he said.

“Europe isn’t talking about fiscal spending, Japan isn’t,” he said. “The US is the only market in the world right now that could have the tailwind of fiscal spending.”

source: interaksyon.com

Florida lawmakers pass gun-school safety bill three weeks after massacre

PARKLAND, Fla. — Florida state lawmakers gave final passage on Wednesday to a gun-safety package that raises the legal age for buying rifles and imposes a three-day waiting period on all firearms sales, while also allowing the arming of some public school personnel.

The bill was spurred by the shooting rampage three weeks ago that left 17 students and staff at Marjory Stoneman Douglas High School in Parkland and led to an extraordinary lobbying campaign by young survivors of the massacre.

But the legislation, while containing a number of provisions student activists and their parents had embraced, left out one of their chief demands — a ban on assault-style weapons like the one used in the February 14 massacre.

Supporters have defended the bill saying most school shootings are committed with handguns.

The bill also overcame strenuous objections to provisions permitting school staff to carry guns on the job — a measure critics see as posing a particular risk to minority students who they say as more likely to be shot in the heat of a disciplinary situation or if mistaken as an intruder.


Swift action in the Republican-controlled statehouse, where the National Rifle Association has long held sway, signaled a possible turning point in the national debate between gun control advocates and proponents of firearms rights enshrined in the Second Amendment of the U.S. Constitution.

The measure narrowly cleared the state Senate on Monday and was sent to the desk of Governor Rick Scott, also a Republican, on Wednesday’s 67-50 vote in the Florida House of Representatives.

The bill automatically becomes law within 15 days unless the governor vetoes it. A spokeswoman for Scott said on Tuesday he had not yet decided whether to support the bill.

As legislators debated in Tallahassee, U.S. Education Secretary Betsy DeVos visited Stoneman Douglas on the first full day of classes since the shooting.

source: interaksyon.com

Red carpet filled with color for Oscars ceremony after tumultuous Hollywood year

LOS ANGELES | Stars arrived on the Oscars red carpet on Sunday under sunny but breezy skies for an Academy Awards ceremony filled with suspense over which will win the best picture, and whether the Hollywood sexual misconduct scandal will steal the spotlight on the movie industry’s biggest night.

“Get Out” actress Allison Williams,“I, Tonya” supporting actress Allison Janney, supporting actor nominee Christopher Plummer and “Spider-Man” star Tom Holland were among the early arrivals. Women sported flowing blue, lavender and white gowns often embellished with sequins and crystals.

Sandra Bullock,“Hamilton” creator Lin-Manuel Miranda,“Black Panther” star Lupita Nyong’o, Jane Fonda and Nicole Kidman are among an eclectic lineup of presenters due to take the stage on Sunday.

Hollywood has many issues on its mind, foremost is the sexual misconduct scandal that has brought down dozens of once-powerful men, and lingering questions over racial and gender fairness in the movie business.

The Time’s Up campaign against sexual harassment in the workplace, spearheaded by celebrities including Reese Witherspoon and Ava DuVernay, will be recognized in some form in Sunday’s ceremony, organizers say.


History could be made on Sunday’s ceremony.

“Get Out” director and writer Jordan Peele is vying to become the first black man in the Academy of Motion Picture Arts and Sciences’ 90-year history to win a directing Oscar.

“Lady Bird” director Greta Gerwig could be only the second female to take home that prize when the decision of the 8,000 academy members is announced.

“Every year, the discussion around the awards is less and less who will win, but how many women are nominated, or how many blacks and Asians lost,” said Tom O’Neil, founder of awards website GoldDerby.com.

Host Jimmy Kimmel has the task of navigating the wider political themes with the celebrations. He is also expected to turn into a running joke last year’s embarrassing best picture envelope mix-up that saw musical“La La Land” being declared winner instead of“Moonlight.”

No such suspense surrounds the main acting races, where Frances McDormand is heavily favored to win for her turn as an angry, grieving mother in“Three Billboards Outside Ebbing, Missouri,” and British actor Gary Oldman’s performance as wartime leader Winston Churchill in“Darkest Hour” is widely expected to bring his first Oscar.

In the supporting actor categories, odds are on Allison Janney for“I, Tonya,” and Sam Rockwell for“Three Billboards” after they swept previous awards.

source: interaksyon.com

Harvey Weinstein ‘Casting Couch’ statue unveiled ahead of Oscars

LOS ANGELES | Harvey Weinstein won’t be going to Sunday’s Oscar ceremony, but the film producer’s presence is still being felt in Hollywood.

Los Angeles-based street artist Plastic Jesus on Thursday unveiled a statue called “Casting Couch,” depicting a life-size Weinstein, clothed in a bathrobe, sitting on a golden colored couch and holding an Oscar. It was installed near the Hollywood venue where the Academy Awards ceremony will be held.

More than 70 women have accused Weinstein of sexual misconduct, including rape. Weinstein has denied having nonconsensual sex with anyone.

His representatives did not immediately respond to a request for comment on the installation.

The accusations against Weinstein triggered a flood of allegations of sexual impropriety by other celebrities that have rocked Hollywood and dominated this year’s movie awards season.


“Whilst many thought the ‘casting couch’ was a thing of the past it was clearly still a part of the Hollywood culture,” Plastic Jesus said in a statement on his Facebook page.

“Hopefully now in the light of recent allegations against many leading figures in Hollywood the industry will clean up it’s (sic) act,” he said.

Weinstein was one of the movie industry’s most influential men, powering independent movies such as “The King’s Speech” and “Shakespeare in Love” to Oscar best picture wins.

He was expelled from the Academy of Motion Picture Arts and Sciences last year and fired from his company, the Weinstein Company. The company said on Sunday it planned to file for bankruptcy.

The ‘Casting Couch’ statue followed the appearance in Los Angeles on Wednesday of billboards designed by street artist Sabo that accused the entertainment industry of staying silent about sexual misconduct.

Plastic Jesus said the Weinstein statue was a collaboration with the artist Joshua “Ginger” Monroe and took two months to produce. It was paid for by donations through their websites.

Plastic Jesus and Ginger were also responsible for producing naked statues of Donald Trump that appeared in various U.S. cities in 2016, before he was elected U.S. president.

Insurer Chubb Ltd is refusing to pay for Weinstein’s legal defense against 11 lawsuits that accuse the movie producer of sexually harassing or assaulting women over the past three decades, according to a court document filed on Wednesday.

Units of the insurer have together issued 80 policies to Weinstein and his family between 1994 and 2018, including coverage for personal liability, according to Chubb. That would normally cover legal costs to defend against claims of damage or injury caused accidentally, but the insurer said Weinstein’s conduct was intentional.

He faces many legal cases, including one brought by New York State Attorney General Eric Schneiderman accusing him of civil and human rights violations.

Chubb Indemnity Insurance Co and several other Chubb units asked New York State Supreme Court to issue a judgment declaring that the policies’ terms exclude defending charges in the lawsuits, specifically sexual assault, discrimination and intentional acts.

The Weinstein Co on Thursday reached a deal to sell assets to a group led by a former Obama administration official who plans to use a majority-female board to rebuild the Hollywood studio tarnished by sexual misconduct allegations.

In a statement, Maria Contreras-Sweet said she plans to launch a new company, save about 150 jobs, protect the small businesses that are owed money, and create a victims’ compensation fund that will supplement existing insurance coverage for those who have been harmed.

“This next step represents the best possible pathway to support victims and protect employees,” Contreras-Sweet, the former head of the Small Business Administration, said in the statement.

With reports from Lisa Richwine and Suzanne Barlyn

source: interaksyon.com