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NEW YORK -- A time of year with so much light and happiness feels a bit different this year.“Oh I thought Christmas was canceled... Are you saying it’s still on?” New York sculptor Jim Rennert said.Rennert says humor is what gets him through difficult times, like when he had a bike accident.“I broke my collarbone, separated my shoulder, took me 45 minutes to get up," Rennert said. "I was chuckling on the ground about it; that’s how I deal with stress.”He hopes to bring that humor to others this holiday season through his work.“Bringing a little bit of light, a little bit of levity, having something that people can smile about, even if it’s for a moment as they’re walking down the street and they see one of my sculptures goes a long way right now,' Rennert said.The weekend before Christmas, quite a few of Rennert’s sculptures were installed across New York City.“You can’t go to museums, you can’t go to art galleries freely like you could before – they’re limited on their hours and their attendance – so why not put the work out and allow people to enjoy it on the street,” Rennert said.Each sculpture resonates with people in the business world. He was part of that world as a stockbroker before he found his calling as an artist at the age of 34.“I just went back to what I had been thinking about all those experiences in business that were challenging, and I found out there was an audience for that. I don’t know that anybody had ever done that before," Rennert said.His audience has grown this year as the world has been struggling with a whole new set of challenges. He feels inspired to honor essential workers and connect with people through the mutual feeling of isolation.“One is a guy in a bird cage called "Caged but not Conquered," so I got a figure as if he’s a bird in this cage just waiting to get out,” Rennert said.Rennert says we have to hold onto hope and know that things will get better. He says art in a time of so much despair is one way to bring light to the darkness.“It might make them forget about what’s going on which would be kind of nice for a minute, ya know?”Rennert said. 2128
NEW YORK (AP) — The Fox Studio backlot, first built in 1926 on a Century City ranch in Los Angeles, was enormous. Before much of it was sold off in the 1960s, it was four times the size of its current, and still huge, 53 acres.Shirley Temple's bungalow still sits on the lot, as does the piano where John Williams composed, among other things, the score to "Star Wars." A waiter in the commissary might tell you where Marilyn Monroe once regularly sat.When the Walt Disney Co.'s .3 billion acquisition of Fox is completed at 12:02 a.m. Wednesday, the storied lot — the birthplace of CinemaScope, "The Sound of Music" and "Titanic" — will no longer house one of the six major studios. It will become the headquarters for Rupert Murdoch's new Fox Corp., (he is keeping Fox News and Fox Broadcasting) and Fox's film operations, now a Disney label, will stay on for now as renters under a seven-year lease agreement.The history of Hollywood is littered with changes of studio ownership; even Fox Film Corporation founder William Fox, amid the Depression, lost control of the studio that still bears his name. But the demise of 20th Century Fox as a standalone studio is an epochal event in Hollywood, one that casts long shadows over a movie industry grappling with new digital competitors from Silicon Valley and facing the possibility of further contraction. After more than eight decades of supremacy, the Big Six are down one."It's a sad day for students of film history and I think it's potentially a sad day for audiences too," said Tom Rothman, former chairman of Fox and the current chief of Sony Pictures. "There will just be less diversity in the marketplace."Disney's acquisition has endless repercussions but it's predicated largely on positioning Disney — already the market-leader in Hollywood — for the future. Disney, girding for battle with Netflix, Apple and Amazon, needs more content for its coming streaming platform, Disney+, and it wants control of its content across platforms."The pace of disruption has only hastened," Disney chief Robert A. Iger said when the deal was first announced. "This will allow us to greatly accelerate our director-to-consumer strategy."The Magic Kingdom will add 20th Century Fox alongside labels like Marvel, Pixar and Lucasfilm. But film production at Fox, which has in recent years released 12-17 films a year, is expected to wane. Due to duplication with Disney staff, layoffs will be in the thousands.Disney will also take over FX, NatGeo and a controlling stake in Hulu, which has more than 20 million customers. It will gain control of some of the largest franchises in movies, including "Avatar," ''Alien" and "The Planet of the Apes." Fox's television studios also net Disney the likes of "Modern Family," ''This Is Us" and "The Simpsons." Homer, meet Mickey.Some parts of Fox, like the John Landgraf-led FX and Fox Searchlight, the specialty label overseen by Stephen Gilula and Nancy Utley, are expected to be kept largely intact. Searchlight, the regular Oscar contender behind films such as "12 Years a Slave," ''The Shape of Water" and "The Favourite," could yield Disney something it's never had before: a best picture winner at the Academy Awards.Nowhere is the culture clash between the companies more apparent than in "Deadpool," Fox's gleefully profane R-rated superhero. While Spider-Man still resides with Sony, Disney now adds Deadpool, the X-Men and the Fantastic Four to its bench of Marvel characters. How they will all fit with Disney's PG-13 mission remains to be seen, though Iger last month suggested in a conference call with investors that there may be room for an R-rated Marvel brand as long as audiences know what's coming.The question of how or if Disney will inherit Fox's edginess matters because Fox has long built itself on big bets and technological gambits. It was the first studio built for sound. It was nearly bankrupted by the big-budget Elizabeth Taylor epic "Cleopatra." It backed Cameron's seemingly-ill-fated "Titanic," as well as Ang Lee's "The Life of Pi" and the Oscar-winning hit "Bohemian Rhapsody.""We were a studio of risk and innovation," says Rothman, who also founded Fox Searchlight. "It was a very daring place, creatively. That's what the movies should be."But will the more button-down Disney have the stomach for such movies? "Deadpool" creator Robert Liefeld, for example, has said Fox's plans for an X-Force movie have been tabled, a "victim of the merger."Some were surprised regulators gave the deal relatively quick approval. The Department of Justice approved the acquisition in about six months, about four times less than the time it took investigating AT&T's acquisition of Time Warner. The New York Times editorial page suggested the deal benefited from President Trump's relationship with Murdoch."Disney will have probably north of 40 percent market share in the U.S. That's one area where a deal does suggest that the market influence is going to be outsized," says Tuna Amobi, a media and entertainment analyst with investment firm CFRA. "Having one studio control that much is unprecedented. And it could increase from there given the pipeline that we see."Disney is about to have more influence on the movies Americans and the rest of the world see than any company ever has. Last year, it had 26 percent of the U.S. market with just 10 movies which together grossed more than billion domestically and .3 billion worldwide. Fox usually counts for about 12 percent of market share.Fewer studios could potentially mean fewer movies. That's a concern for both consumers and theater owners, many of whom already rely heavily on Disney blockbusters to sell tickets and popcorn."Certainly, consolidation poses a challenge in some respects to the supply of movies," says John Fithian, president and chief executive of the National Organization of Theater Owners. "The fewer suppliers you have, the chances are we're going to get fewer movies from those suppliers."But Fithian believes other companies are stepping into the breach, and he holds out hope that Netflix might eventually embrace more robust theatrical release. More importantly, Fox was bought by a company in Disney that is, as Fithian said, "the biggest supporter of the theatrical window."Still, Disney has been willing to throw its weight around. Ahead of the release of "The Last Jedi," the studio insisted on more onerous terms from some theater owners, including a higher percentage of ticket sales.More experimentation in distribution is coming. Later this year, WarnerMedia, whose Warner Bros. is regularly second in market share to Disney, will launch its own streaming platform. Apple is ramping up movie production. Amazon Studios is promising bigger, more attention-getting projects.Ahead of a blizzard of new streaming options, Fox — and a giant piece of film history — will fade into an ever-expanding Disney world. Film historian Michael Troyan, author of "20th Century Fox: A Century of Entertainment," has studied enough of Hollywood's past to know that relentless change is an innate part of the business."It's sad when any historical empire like that comes to end," says Michael Troyan. "You can record in other places but when you're on a lot like Fox, you feel the gravitas, you feel the history."Rothman says he will pause for a "wistful moment" Wednesday, but he believes consolidation doesn't mean obsolescence."I don't think it remotely arguers the end of the glories of the film business overall," says Rothman. "I believe there remains eternal appetitive for original, vibrant, creative theatrical storytelling." 7645
NEW YORK (AP) — Dunkin' doughnuts and coffee is being combined with Buffalo Wild Wings and Arby's sandwiches.Inspire Brands Inc. said Friday that it is acquiring Dunkin' Brands Group Inc. for .3 billion, including the Dunkin' Brands' debt that Inspire will be taking on.The private-equity firm will pay 6.50 in cash for all of Dunkin' Brands' shares, which closed Friday at .71.Dunkin' Brands' stock surged to an all-time high earlier this week after the company confirmed the two were in merger talks.Dunkin', based in Canton, Massachusetts, also owns the Baskin-Robbins ice cream chain."Dunkin' and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world," Paul Brown, Co-founder and Chief Executive Officer of Inspire Brands, said in the news release.There are 12,500 Dunkin' stores and 8,000 Baskin-Robbins outlets worldwide.Inspire will operate Dunkin' and Baskin-Robbins as distinct brands, the company stated.According to the New York Times, this is the largest restaurant acquisition in more than a decade. 1129
Next week, the U.S. House and Senate will take up police reform bills.The House will address qualified immunity on a national level. It's a doctrine implemented by the U.S. Supreme Court that makes it difficult to sue police, even if one's constitutional rights are violated.The doctrine protects officers who can defend their actions because they didn't know their conduct was unconstitutional. That's because it wasn't “clearly established” in a prior court ruling.In practice, courts have dismissed civil rights lawsuits because there wasn't a previous case in the same location with the same circumstances. So, there's also no precedent for future cases. That's why the doctrine is criticized as a "catch 22."“That kind of ‘does this officer get the benefit of the doubt?’ type of inquiry gives judges just lots of room based on their interpretation, their view of whether this seems like a bad case or not, and it means that the judge is taking cases away from the jury based on their own views of the facts,” said Brandon Garrett, professor of law at Duke University.“The way to truly understand it is to look at in the context, as a lot of people are suddenly looking at it when police uses force, and particularly when it's deadly force,” said Aderson Francois, professor of law at Georgetown UniversityThe officers involved in a wrongful death lawsuit in Washington D.C. are expected to claim qualified immunity. In 2018, Marqueese Alston was shot and killed by police while running away. The court will only look at it from the perspective of police and if they reasonably feared for their lives.“What the court will not do is to ask did my client, a 22-year-old black man in DC have a reasonable fear for the police that caused him to run away in the first place,” said Francois.It's important to point out that officers do not personally foot the bill in these cases.“It's about the municipality, the county, the city,” said Garrett. “They're the ones who are paying. They're the ones who should be held accountable. After all, if this officer was poorly trained or didn't have the right support from colleagues, it's not the officer's fault necessarily.”Qualified immunity makes it so the constitutional issue is never addressed. Even if the doctrine disappears, it's still difficult to win a constitutional claim. 2335
NEW YORK (AP) — The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, the latest retailer to do so during the pandemic. Ascena Retail Group, which operates nearly 3,000 stores mostly at malls, has been dragged down by debt and weak sales for years. In a press release, the company said they were closing all of their plus-size stores Catherines.The company also said in the release that they plan to "strategically reduce its footprint with the closing of a significant number of Justice stores and a select number of Ann Taylor, LOFT, Lane Bryant, and Lou & Grey stores."It joins other retailers that have filed for bankruptcy in recent weeks, including Brooks Brothers, Neiman Marcus, J.C. Penney, and J. Crew. These retailers were already struggling with poor sales, but the forced closure of stores in March to reduce the spread of the coronavirus put them further in peril. Experts believe that there will be another wave of bankruptcies this fall that will include companies that had been healthy before the pandemic struck. 1076