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‘Build, build, build’: PM channels 1930’s US ‘new deal’ with coronavirus recovery plan

‘Build, build, build’: PM channels 1930’s US ‘new deal’ with coronavirus recovery plan

Business
Boris Johnson will attempt to mark a new phase in the coronavirus response on Tuesday by setting out plans for an "infrastructure revolution" to create jobs and stimulate an economic recovery.The prime minister will invoke the 1930s 'new deal' of former US President Franklin D Roosevelt as he delivers a major speech in the West Midlands town of Dudley in the morning. He will announce £5bn in capital investment to accelerate infrastructure projects this year, including hospital maintenance works, school building and improvements to the road and rail networks.But a leading think-tank warned tax rises could be needed to foot the bill and Labour said there should be more emphasis on jobs coming out of the COVID-19 pandemic, which has so far killed more than 43,000 people in the UK.A national i
‘New Mutants’ to open in theaters on Aug. 28

‘New Mutants’ to open in theaters on Aug. 28

Entertainment
May 13 (UPI) -- Disney announced Wednesday it will release the action movie The New Mutants in theaters on Aug. 28. Josh Boone co-wrote and directed the X-Men spinoff, which stars Maisie Williams, Anya Taylor-Joy, Charlie Heaton, Alice Braga, Blu Hunt and Henry Zaga as teenage superheroes-in-training. The Marvel Comics adaptation had been scheduled for theatrical release in April, but the date was postponed when theaters shut down as social-distancing practices were enacted to slow the spread of the coronavirus, which has killed about 300,000 people worldwide. New Mutants was filmed by 20th Century Fox in 2017, but the project was delayed several times even before the pandemic -- first because of Disney's acquisition of Fox, then by the subsequent re-shoots needed to satisfy the new owne...
Wall Street braces for more market volatility as wild swings become the ‘new normal’ amid coronavirus

Wall Street braces for more market volatility as wild swings become the ‘new normal’ amid coronavirus

Finance
Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City.Johannes Eisele | AFP | Getty ImagesThe S&P 500 has never behaved like this, but Wall Street strategists say get used to it. Investors just witnessed the equity benchmark swinging up or down 2% for four days straight in the face of the coronavirus panic.In the index's history dating back to 1927, this is the first time the S&P 500 had a week of alternating gains and losses of more than 2% from Monday through Thursday, according to Bespoke Investment Group. Daily swings like this over a two-week period were only seen at the peak of the financial crisis and in 2011 when U.S. sovereign debt got its first-ever downgrade, the firm said."The message to...
Influencers: How a ‘new breed’ of social media stars changed the game

Influencers: How a ‘new breed’ of social media stars changed the game

Entertainment
Your last name doesn't have to be Jenner or Kardashian to be able to make a living from social media posts, as a new generation of influencers and "micro-influencers" are proving.It's perfectly possible you've never heard of James Charles. Birmingham City Council clearly hadn't.They were rather taken by surprise by the thousands of fans who brought the city centre to a standstill when he appeared for a meet-and-greet at the Bullring in January.Charles is just one example of an influencer - a social media star who may not be an A-list celebrity by conventional standards, but inspires a cult-like following among fans, which is then often used to build an empire.Huda Kattan, for example, has been described as "the Bill Gates of beau...