Anonymous ID: f57db9 March 10, 2023, 7:40 a.m. No.18479598   🗄️.is 🔗kun   >>9607

'In a first since 1961, the Oscars carpet will not be red'

 

LOS ANGELES (AP) — Many things about the Academy Awards have changed over the years, but for the past six decades there has been at least one constant: The red carpet. The hues have varied over the years, but it has always been some shade of red. Until this year.

 

On Wednesday outside the Dolby Theatre in Hollywood, workers unspooled a champagne-colored carpet as Jimmy Kimmel, who is hosting the 95th Oscars on Sunday, presided over the occasion.

 

“I think the decision to go with a champagne carpet over a red carpet shows how confident we are that no blood will be shed," Kimmel said.

 

The decision to change the color came from creative consultants Lisa Love, a longtime Vogue contributor, and Raúl Àvila, the creative director for the glamourous Met Gala in New York.

 

This year the carpet will be covered, in part to protect the stars and cameras from the weather, but also to help turn the arrivals into an evening event. For Love, there has always been a disconnect between the elegant black tie dress code and the fact that it’s mid-afternoon when people arrive to be photographed in the daylight. With a covered carpet, they could change that.

 

“We turned a day event into night,” Love told The Associated Press. “It’s evening, even though it’s still 3:00.”

 

The Oscars red carpet dates back to 1961, the 33rd Academy Awards held at the Santa Monica Civic Auditorium, when Billy Wilder’s “The Apartment” won best picture, Burt Lancaster and Elizabeth Taylor won the lead acting prizes, and there was still a “juvenile award,” which went to Hayley Mills for “Pollyanna.” It was the first televised ceremony, broadcast on ABC and hosted by Bob Hope. The general public wouldn’t see the red carpet in all its glory on television until 1966, when the Oscars were first broadcast in color.

 

There wasn’t any debate over the change, Love said. They just knew they had the freedom to break from tradition. They tried some other colors too but they seemed too dark with the covered tent. “We chose this beautiful sienna, saffron color that evokes the sunset, because this is the sunset before the golden hour,” Love said.

 

Instead they went lighter and Academy CEO Bill Kramer approved.

 

They weren’t especially worried about upsetting Oscars traditionalists either.

 

“Somebody’s always got a way to find something wrong with something,” Love said. “This is just a lightness and hopefully people like it. It doesn’t mean that it’s always going to be a champagne colored carpet.”

 

As for what we should call it? Love said “champagne” and “sand” are apt descriptions, but that there’s no reason to not default to “red carpet” either. It’s more metonym for the glamorous arrivals than a literal description of what everyone is walking on.

 

The 95th Oscars “red carpet” opens Sunday at 3:30 p.m. Eastern. The ceremony is set to begin at 8 p.m. and will be broadcast live on ABC.

 

https://www.yahoo.com/entertainment/first-since-1961-oscars-carpet-143918022.html

 

Also Q 1258 talks about red carpet

Anonymous ID: f57db9 March 10, 2023, 7:47 a.m. No.18479630   🗄️.is 🔗kun

>>18479607

It's where the brain-dead puppets all get together and congratulate each other on keeping the "club" thriving and well, in their degeneracy. It's Satan's award shows.

Anonymous ID: f57db9 March 10, 2023, 7:51 a.m. No.18479650   🗄️.is 🔗kun   >>9719

>>18479637

 

Speaking of banks…

 

Why Silicon Valley Bank's crisis is rattling America's biggest banks

 

The problems of two small banks on the West Coast are rippling across markets and causing new investor concerns about some of the country’s largest financial institutions.

 

Why? Three words: rising interest rates.

 

The Federal Reserve’s aggressive campaign to bring down inflation helped set the stage for major problems at two California lending institutions — SVB Financial (SIVB) and Silvergate Capital (SI) — as an outflow of deposits forced both to sell assets at a loss. Those assets were bonds.

 

Banks are big investors in assets like Treasury bills because they need lots of safe places to park their cash. Many financial institutions piled into these investments during a period of historically-low interest rates that spanned the early years of the pandemic, as banks took in tons of new deposits and lending was somewhat restrained.

 

But now the Fed is hiking rates at a rapid clip, with Fed Chair Jay Powell warning earlier this week the central bank may have to speed up the pace of its rate increases to cool the economy further. The problem that creates for banks is simple: higher rates lower the value of their existing bonds.

 

The withdrawals at SVB's Silicon Valley Bank have come from startups and technology firms, many of which also ran into new trouble once the Fed began raising rates.

 

The deposit outflow forced SVB to sell assets and take a $1.8 billion loss, a move the bank made “because we expect continued higher interest rates, pressured public and private markets, and elevated cash-burn levels from our clients as they invest in their businesses.” Its shares fell more than 60% Thursday.

 

In pre-market trading on Friday, SVB shares were down another 60% after overnight reporting from Bloomberg said VC firms ranging from Peter Thiel's Founders Fund to Union Square Ventures had told portfolio companies to pull their money from Silicon Valley Bank.

 

moar

https://www.yahoo.com/finance/news/why-silicon-valley-banks-crisis-is-rattling-americas-biggest-banks-121159393.html