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Woody Allen Isn’t Feeling Amazon

Daniel Chase

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Allen Stewart Konigsberg was born on December 1, 1935, in the Flatbush neighborhood of Brooklyn, Neighborhood. It would take forty-six years for society to learn of his prowess as an up-and-coming Jewish comedian in America, after he wrote and directed Annie Hall in 1977. Taking a step back for one moment, Allen Konigberg affixed himself with a stage name we’ve come to know and love, as well as question; Woody Allen.

The year after Annie Hall hit movie theaters, it won four Academy Awards, including Best Screenplay. Lauded for his work in comedic films, Allen made audiences laugh until it hurt for decades after the release of his films, but some of us know Allen not by his cinematography, but by his scandalous, and arguably inappropriate love life. 

In the early 90s, after Allen divorced separated from his then-wife, actress Mia Farrow, he began an intimate relationship with his ex-wife’s adopted daughter, Soon-Yi Previn. At the time of their budding relationship, Allen was 57, and Soon-Yi had just turned 24.

Those some would argue that their relationship was inappropriate, it wasn’t until later that year when Allen would be accused of sexually assaulting his adopted daughter, Dylan Farrow.

The reason I bring this up is because Woody Allen today filed a $68 million lawsuit against with the Southern District of New York against Amazon (AMZN) who has halted a four-picture deal with Allen amidst recirculation of his sexual assault allegations. 

“Amazon has tried to excuse its action by referencing a 25-year-old, baseless allegation against Mr. Allen, but that allegation was already well know to Amazon (and the public) before Amazon entered into four separate deals with Mr. Allen…and, in any event it does not provide a basis for Amazon to terminate the contract. There simply was no legitimate ground for Amazon to renege its promises.”

-Language from lawsuit filed by Woody Allen against Amazon 

At a time where the “Me Too” movement has given voices to individuals who only now have felt truly comfortable to share stories of sexual assault, harassment, and rape, Allen’s lawsuit represents another actor trying to live his life in denial of the fact that he committed intolerable acts earlier in his life.

We cannot escape our faults if we try to bury them without consequence, and Amazon’s (AMZN) placing of Allen’s new films on the back burner is proof enough of this fact. 

While I understand Mr. Allen’s concern that a deal worth nearly $70 million has been put on hold, it’s almost laughable that he would pursue legal action against Amazon (AMZN) who is simply refusing to cross the picket line. Back in 2016, Ronan Farrow, Allen’s son, wrote an op-ed for The Hollywood Reporter, discussing his father’s reactions to allegations made against him. 

“…Being in the media as my sister’s story made headlines, and Woody Allen’s PR engine revved into action, gave me a window into just how potent the pressure can be to take the easy way out. Every day, colleagues at news organizations forwarded me the emails based out by Allen’s powerful publicist who had orchestrated a robust publicity campaign to validate my father’s sexual relationship with another one of my siblings…”

Ronan Farrow 

Given that Mr. Allen filed the lawsuit earlier today, Amazon (AMZN) spokespeople have yet to comment on the legal action, but I assume it won’t be long before they submit a relevant press release. 

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Energy

Saudi’s Minister Has No Plans To Boost Oil Production After Iran Oil Waivers End

Jon Phillip

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On Wednesday, Saudi Arabia’s Energy minister Khalid al-Falih said that there was no need to immediately increase oil output. This followed the ending of waivers granted by the US to Iranian crude oil buyers. He added that Saudi Arabia will only respond to increase oil output if there is an increase in demand.

The Decision Not To Increase Output Based On Market Fundamentals

The minister said that his decision was based on oil market fundamentals rather than prices and that they still remain focused on stabilizing the global oil market.  Speaking in Riyadh, Falih said that despite the rising of inventories as a result of sanctions on Iran and the situation in Venezuela it was not necessary to have an immediate response to increase oil output.

Last year the US granted Iranian oil buyers exemptions from sanctions but it has tightened the line by deciding not to renew them.  Saudi Arabia intends to remain within its OPEC production limit as well as be intent to its customers. More so those under waivers and those that have seen their waivers withdrawn. 

The minister said that they are not going to pre-empt the same and increase their output. Oil production number for May are set. It had little variations from previous months. Furthermore, crude oil allocations for June will be decided next month.

Oil Prices Have Been Increasing Since November

Since November, Oil prices have increased. This follows the announcement by the US that all waivers on imports of Iranian oil will not be renewed to put pressure on buyers to stop buying oil, from Iran. This ends up tightening global oil supply. 

On Wednesday, Brent Crude futures dropped to trade at $74.18 per barrel. This followed a statement from the International Energy Agency. This indicates that markets are adequately supplied and global production is stable.

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Reviving The Lost Interest In The Gold Mines: McEwen

Joe Samuel

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gold mining stocks to buy

From the viewpoint of a mining executive, a loss in interest in gold mines is being assessed. After dabbling in other activities in the mining sector, firms and companies must switch back to their core activity of finding new gold mines. What could this mean for mining stocks?

Rob McEwen, CEO and Chairman of McEwen Mining (MUX) says, the first few months of the year has brought and encouraged the attention and interest of the investors in the mining of precious metals sector. But, now it is extremely important to bring up some new discoveries and execute some exploration plans in order to give consistency to the investors’ attention.

New Opportunity For Mining Stocks?

He remarks that a new zeal is required to bring enthusiasm to the investors. The current market is in need of some extraordinary news. He even said that there is no lack of money in this sector and that investors just need to work upon it and create shareholder values.

Chairman McEwen commented as the prices of the gold is consistently falling since3-4 months causing damage to the mining sector. Companies like June Gold Futures and VanEck Vectors Gold Minors ETF last traded at $1,273.50/ounce, and $20.92/share respectively and the former went down 0.32% while the latter faced 0.29% fall on the day.

According to McEwen, a few companies are working in this direction to revive the interest in these mines. These companies are Kirkland Lake Gold (its record production) & Great Bear Resources (its active program of exploration) are mentioned by him in this regard.

McEwen, as per his plans, is heading for extensive drilling plans in North America. He introduced that his company is going to invest $17 million at Black Fox Property’s (North Ontario) exploration plans and $5 million at Gold Bar Mine (Nevada).

McEwen believes that such resources are full of potential and can create peerless mines in the world.

McEwen planned for the aforementioned two plans as the world saw a degradation in the production at Gold Bar due to massive snowfall at Nevada. And also, the production at Black Fox was affected as the contactor-run crushing plant was shut down for 6 weeks in February.

Growth Is The Focus

But McEwen is definite to complete its target no matter what. He said the company will fulfill its 2019 target of gold production of 205,000 ounces. In the first 3 months of 2019, he claimed the gold production of 36,166 ounces. This is 18% more than the gold production in the first 3 months of 2018.

McEwen gave a positive statement saying that price and the interest of investor will be gained back soon once the gold mines receive adequate attention. He says that the mining sector is facing a lacuna of sentiments of investors.

He even said that the importance of gold mines could be seen as unlike investors, Central Bank is showing stability in hiking the bank’s gold reserve and continuing to see it as an international currency. So, it is still important for those investors who are seeking protection for their investments.

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Stock Price Top Trending Articles On Thursday, April 25, 2019

Jon Phillip

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New Tech, Strong Management & A Cutting Edge Product

One company that could stand alone in a multi-billion dollar industry seeing incredible growth in 2019. Click Here For Full Report

The United States To Lead The 5G Connectivity Race

In the contemporary world, every succeeding decade talks about the arrival of a new G. And the recent generation of the internet which has covered the front page of several magazines is the 5G. According to the Cellular Telecommunications Industry Association, there is cutthroat competition between the United States and China. See For Yourself, Here.

This Stock is Providing Potential for Huge Opportunity within the Health Care Industry

The most recent global report from the United Nations states that by  2030 the global population will reach 8.6 billion [1]. This predicted growth in global population presents many potential problems. Some of these problems are obvious; shelter, food etc…What about Healthcare? Click Here To See One Company Taking Direct Aim At Disrupting This Market


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