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Thursday, July 15, 2010

Conservative Sharron Angle fundraising surges

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Movie Trading Dies Due to financial Reform Bill

From The WRAP:

The Senate on Thursday overwhelmingly passed far-reaching financial reform legislation that included a ban on movie futures trading, attached to much broader financial reform legislation.

Passing with a 60-39 vote, the bill now goes to President Obama for signing.

 Cantor Fitzgerald, one of two companies that had wanted to pursue trading in the futures, hadalready abandoned its plans in the wake of pending congressional action, despite receiving approval from the Commodity Futures Trading Commission to trade.

Media Derivatives, which also has been approved for trading by the CFTC, to date has taken the stance that it is “grandfathered” in and can move forward -- but even it is re-examining its legal position. A company spokesman declined to comment.

The financial reform legislation adds trading in box office futures to onions as the only items that can’t be traded as commodities in the U.S. The ban is retroactive to June 1, which would appear to bar trading by either Cantor or Media Derivatives.

 Thursday’s vote caps a vigorous fight by the MPAA and Hollywood unions, who were afraid that the box office trading could quickly lead to more negative talk about movies in an attempt to influence the trading. There also were concerns that the trading could hurt box office grosses, increase costs and create a nightmare of issues for studios in dealing with personnel with inside information on potential grosses.

Studios also argued that the trading couldn’t really be used to hedge investments in movies and that trading based on movie box office grosses was more like betting than commodities trading. They said any studio that moved to hedge its investment of a movie would find itself unlikely to ever deal with the movie’s producer or director again.

Cantor and Media Derivatives, with support from some Hollywood investment advisers and one studio, Lionsgate, argued that the futures could not only be used to hedge investments but could bring in millions if not billions more dollars to support movie production.

Art Lynch to perform Frank Crowe Friday Sepember 17th

That Dam Depression
September 17 and 18,  2010
 Chautauqua will celebrate the 75th Anniversary of the Hoover Dam Dedication by President Franklin D. Roosevelt.    It will focus the 2010 Chautauqua program around that time period and the "That Dam Depression" theme. 


Friday, September 17, 2010 

What was life like in Boulder City during and after the building of the dam?   A panel of Boulder City residents and historians will offer their version of show-and-tell with stories, analysis, and a slide presentation.  It will be moderated by Dr. Michael Green, Nevada historian and professor at College of Southern Nevada.
Before the panel discussion, Barbara Morris will portray Erma Godby in a 5-7 minute skit and Art Lynch will perform a 5-17 minute Frank Croweportrayal.


Saturday, September 18, 2010 Schedule at the Boulder Theatre

Dr. Doris Dwyer will portray famous photographer Margaret Bourke-White at 1:30 p.m.
Meat loaf or a hot turkey meal will be served at the Boulder Dam Hotel between shows.   Reservations are required 293-3510.
Scholar Frank Mullen will portray baseball player Babe Ruth, an icon of the 30's at 6:30 p.m.

Tickets to each event will be $15.  Funds raised will go to the Boulder City Hoover Dam Museum.
Charlie Shaffer will play the piano (tunes from the 30's) before each of the 3 events.

CSN will offer a course called "Hoover Dam and Boulder City" on Thursdays from 6 p.m. to 8:50 p.m. during the fall semester, starting in the last week in August and continuing through December.
 Watch this website for further information
Interested persons who wish to keep updated on developing plans and how they may participate in the Boulder City, NV program may visit this web site or call 293-1915.

Lego House You Can Live In