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    ‘Furiosa’ Is a Memorial Day Weekend Box Office Dud

    Memorial Day weekend ticket sales in North America are expected to total $125 million, down 40 percent from last year.Hollywood expected “Furiosa: A Mad Max Saga” to scorch the box office over the holiday weekend. Instead, the big-budget Warner Bros. prequel iced it over.“Furiosa,” which cost $168 million to make, not including tens of millions of dollars in marketing costs, collected an estimated $25.6 million in the United States and Canada from Thursday night to Sunday. Box office analysts expected the film to take in about $5.4 million on Monday, for a holiday-weekend total of $31 million.That would be the worst Memorial Day weekend result in 43 years after adjusting for inflation — ever since “Bustin’ Loose,” a comedic drama starring Richard Pryor, collected $24 million in 1981. (Box office records exclude 2020, when most theaters were closed because of the coronavirus pandemic.)The franchise’s previous chapter, “Mad Max: Fury Road,” took in $45.4 million in 2015, or roughly $61 million in today’s dollars — and that was without the benefit of a holiday weekend.Hollywood had high expectations for “Furiosa,” which Warner Bros. premiered at the Cannes Film Festival; the movie received exceptional reviews. On Sunday, however, it was unclear whether “Furiosa” would manage even first place at the box office. Analysts said the poorly reviewed “Garfield” (Sony), which cost $60 million to make, could inch ahead. It could also be a tie.Sony declared victory, saying it expected “Garfield,” produced and financed by Alcon Entertainment, to be No. 1, with $31.8 million in ticket sales. “With summer holidays beginning this week, the film is well-positioned for a long theatrical run,” Sony said, adding that it had successfully “relaunched” the lasagna-loving character as a movie franchise.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    G.M. Reports Big Jump in Profit on Gasoline Car Sales

    General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.General Motors on Tuesday reported a big jump in profits for the first three months of the year, based on the strength of its gasoline vehicle business, and raised its outlook for the rest of the year.The company saw slow growth in electric vehicles, but robust sales of internal combustion vehicles, especially pickup trucks, helped raise its profit to $3 billion in the first quarter, a 24 percent jump from the same period a year ago. G.M. also said that it now expects to make $10.1 billion to $11.5 billion in profit this year, up from a previous forecast of $9.8 billion to $11.2 billion.“We’re maximizing the strength of our ICE business, we’re growing our E.V. business and improving profitability,” G.M.’s chief financial officer, Paul Jacobson, said in a conference call with reporters, using the shorthand for internal combustion engine.Mr. Jacobson said G.M. has ironed out production difficulties in battery pack manufacturing and is ramping up output. He repeated an earlier forecast that G.M.’s battery-powered cars and trucks would start generating profits in the second half of this year.G.M. made all of its profit in North America and lost money in the rest of the world, including a $106 million loss in China; a year earlier, the company reported an $83 million profit in that country.G.M. sold 895,000 vehicles globally in the first quarter, an increase of 4 percent.In the first three months of the year in the United States, G.M. sold 9,385 electric vehicles that use its latest battery technology. That’s an increase from 972 in the same period a year ago, but significantly fewer than G.M. had originally expected.The company plans to add several new electric vehicles this year that utilize the new Ultium batteries. They include a GMC Sierra pickup truck that is supposed to have maximum range of 440 miles, and a Chevrolet Equinox sport-utility vehicle that G.M. said would have a starting price of $34,995 and a range of up to 319 miles. More

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    ‘Civil War’ Is No. 1 at Box Office

    Alex Garland’s movie, starring Kirsten Dunst, surpassed “Godzilla x Kong,” with an estimated $25.7 million in North American ticket sales on its first weekend.Hollywood executives — not all, but most — have insisted for years that uncomfortable, thought-provoking, original movies can no longer attract big audiences at the box office.Moviegoers continue to bust that myth.Alex Garland’s dystopian “Civil War,” set in a near-immediate future when the United States is at war with itself, sold an estimated $25.7 million in tickets at North American theaters, enough to make the film a strong No. 1, surpassing the monsters sequel “Godzilla x Kong: The New Empire.” Ticket sales for “Civil War” exceeded the prerelease expectations of some box office analysts by roughly 30 percent. IMAX screenings provided nearly 50 percent of the “Civil War” gross.More than 70 percent of the total audience was male, according to exit-polling services. PostTrak, one of those firms, said that people with “liberal” or “moderate” political views attended most heavily.“Civil War,” starring Kirsten Dunst as a journalist on a military embed, became the latest example of ticket buyers breaking with Hollywood’s conventional wisdom about what types of films are likely to pop at the box office. Christopher Nolan’s “Oppenheimer,” a three-hour period drama about a physicist, took in $968 million, wildly surpassing studio expectations. “Poor Things” collected $117 million, a solid total for a surreal art film.Garland (“Ex Machina”) wrote and directed “Civil War,” which gave A24, the specialty film company, its first No. 1 opening. (A24 was founded in New York in 2012.) The movie also cost more to make than any A24 movie to date: at least $50 million, not including tens of millions of dollars in marketing.The R-rated film benefited from a savvy release date — a time when Americans, sharply divided, are paying attention to the coming presidential election but are not yet completely worn out by it — and a marketing campaign that positioned the story as more of an action thriller than a gritty exploration of the frightening but not unthinkable.“Dystopian thrillers are generally set in futuristic worlds that look very different from contemporary life,” David A. Gross, a film consultant who publishes a newsletter on box office numbers, said in an email. “They use a lot of special effects and science fiction to tell their stories. ‘Civil War’ is doing the opposite: It looks like right now.”That storytelling choice, he added, “is bending the genre into something contemporary and relatable. The story is not directly partisan, but it’s provoking partisan feelings. It’s a fine balance to strike. Audiences are emotionally engaged, and that’s impressive.” More

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    ‘Dune: Part Two’ Draws Biggest Opening Since ‘Barbie’ at the Box Office

    The science-fiction sequel sold an estimated $81.5 million in tickets in the United States and Canada, the biggest opening for a Hollywood film since “Barbie.”“Dune: Part Two” and its A-list cast jump-started moviegoing in North America after a dismal start to the year.The science-fiction sequel sold an estimated $81.5 million in tickets in the United States and Canada from Thursday night to Sunday, the biggest opening for a Hollywood film since “Barbie” in July. (Taylor Swift’s concert documentary arrived to $93 million in October.) “Dune: Part Two,” directed by Denis Villeneuve, collected an additional $97 million overseas. IMAX screenings were especially strong.Legendary Entertainment and Warner Bros. spent $190 million to produce “Dune: Part Two,” not including a megawatt marketing campaign that found Zendaya, Timothée Chalamet, Austin Butler, Anya-Taylor Joy, Javier Bardem, Josh Brolin and Florence Pugh trotting red carpets in Mexico City, London and New York.The movie had originally been scheduled for November, but Legendary pushed back the release date because of the actors’ strike: Without the buzzy young cast promoting the movie — Zendaya’s bottom-baring robot suit at the London premiere arrived on the internet as a sonic boom — Legendary feared that “Part Two” would not turn out audiences in big enough numbers to warrant the high budget. Sci-fi fans were likely to come one way or another. But Legendary also needed to sell the film’s more delicate story — a boy becoming a man, a guy falling in love — which would be more difficult without cast interviews.“It was a tough decision because I knew moving the movie out of the fall was going to cause a lot of pain for exhibition,” said Josh Grode, Legendary’s chief executive, using Hollywood jargon for theaters. “But when you have a cast like this one, you use it.”“We’re really, really happy,” Mr. Grode added.Ticket sales in North America had been down 20 percent this year compared with the same period last year. “Dune: Part Two” narrowed the decline to 13 percent. Theaters have struggled partly because studios have not released a steady flow of films; moviegoing begets moviegoing, analysts say, with trailers playing before titles on one weekend helping to fill seats the next. Marquees will be less sparse in March. “Kung Fu Panda 4,” “Ghostbusters: Frozen Empire” and Legendary’s “Godzilla x Kong: The New Empire” are all expected to be hits.Second place for the weekend went to “Bob Marley: One Love” (Paramount), with about $7.4 million in ticket sales, lifting its three-week domestic total to $82.8 million. The faith-based drama “Ordinary Angels” (Lionsgate) collected $3.9 million, for a two-week total of $12.6 million. More

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    The Truth About US Democracy

    The Fair Observer website uses digital cookies so it can collect statistics on how many visitors come to the site, what content is viewed and for how long, and the general location of the computer network of the visitor. These statistics are collected and processed using the Google Analytics service. Fair Observer uses these aggregate statistics from website visits to help improve the content of the website and to provide regular reports to our current and future donors and funding organizations. The type of digital cookie information collected during your visit and any derived data cannot be used or combined with other information to personally identify you. Fair Observer does not use personal data collected from its website for advertising purposes or to market to you.As a convenience to you, Fair Observer provides buttons that link to popular social media sites, called social sharing buttons, to help you share Fair Observer content and your comments and opinions about it on these social media sites. These social sharing buttons are provided by and are part of these social media sites. They may collect and use personal data as described in their respective policies. Fair Observer does not receive personal data from your use of these social sharing buttons. It is not necessary that you use these buttons to read Fair Observer content or to share on social media. More

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    Mitt Romney’s Excessive Evening

    The Fair Observer website uses digital cookies so it can collect statistics on how many visitors come to the site, what content is viewed and for how long, and the general location of the computer network of the visitor. These statistics are collected and processed using the Google Analytics service. Fair Observer uses these aggregate statistics from website visits to help improve the content of the website and to provide regular reports to our current and future donors and funding organizations. The type of digital cookie information collected during your visit and any derived data cannot be used or combined with other information to personally identify you. Fair Observer does not use personal data collected from its website for advertising purposes or to market to you.As a convenience to you, Fair Observer provides buttons that link to popular social media sites, called social sharing buttons, to help you share Fair Observer content and your comments and opinions about it on these social media sites. These social sharing buttons are provided by and are part of these social media sites. They may collect and use personal data as described in their respective policies. Fair Observer does not receive personal data from your use of these social sharing buttons. It is not necessary that you use these buttons to read Fair Observer content or to share on social media. More

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    When Will We Know the Bleeding Truth?

    In an article for Bloomberg, British historian Niall Ferguson expresses his strategic insight into the real motives of the Biden administration concerning the course of the war in Ukraine. Officially, the US claims to be acting in the interest of Ukraine’s defense in an effort to support democracy and reaffirm the principle of sovereignty that permits any country to join an antiquated military alliance directed by the United States, on the other side of a distant ocean.

    Less officially, President Joe Biden has been emphasizing the emotional side of US motivation when he wants to turn Russia into a “pariah,” while branding its president as a “war criminal” and a “murderer.” Biden’s rhetoric indicates clearly that whatever purely legal and moral point the United States cites to justify its massive financial engagement in the war, its true motivation reflects a vigilante mindset focused on regime change.

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    The administration denies it has regime change on its mind. But Ferguson cites a senior administration official who privately confided that Biden’s “end game now … is the end of Putin regime.” The historian concludes that rather than seek a negotiated end to the war, the US “intends to keep this war going.”

    As usual in foreign policy matters, Ferguson notes a certain convergence of viewpoint from his own government. He quotes an anonymous source affirming that the United Kingdom’s “No. 1 option is for the conflict to be extended and thereby bleed Putin.” A little later in the article, Ferguson qualifies as “archetypal Realpolitik” the American intent “to allow the carnage in Ukraine to continue; to sit back and watch the heroic Ukrainians ‘bleed Russia dry.’”

    Today’s Weekly Devil’s Dictionary definition:

    Bleed (a country):

    To encourage and prolong an unnecessary and unjustified conflict in the interest of sucking the life out of the political establishment of a declared enemy, a process that usually automatically implies sucking the life out of at least one other country, including eventually one’s own

    Contextual Note

    Ferguson dares to question the dominant belief in the US that bleeding Russia is a recipe for success. “Prolonging the war runs the risk not just of leaving tens of thousands of Ukrainians dead and millions homeless, but also of handing Putin something that he can plausibly present at home as victory,” he writes.

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    When the focus is both on bleeding and prolonging the combat, there is a strong likelihood that the bleeding will be shared. If a boxer sees a cut over his opponent’s eye, he may strategically focus all his punches on the opponent’s face hoping for a technical knockout. But, by focusing on the loss of blood, he may drop his guard with the risk of getting knocked out or opening his own bleeding wound.

    “I fail to see in current Western strategizing any real recognition of how badly this war could go for Ukraine in the coming weeks,” Ferguson observes. The reason may simply be that the hyperreal moment the Western world is now living through is proving too enjoyable to critique, at least for the media. The more horror stories of assaults on innocent civilians make their way into the headlines, the more the media can play the morally satisfying game of: here’s one more reason to hate Vladimir Putin.

    If the White House is focused, as it now appears, not on saving Ukrainian democracy but on bleeding Russia, all the stories of Russian abuse of brave civilians are designed with the purpose of prolonging the war, in the hope that, discredited by Putin’s failure to break Ukraine’s resistance, Russians will revolt and depose the evil dictator. In the meantime, those Ukrainians who manage to survive are being asked to play the supporting role of watching their country reduced to ruins.

    Ferguson speculates that US strategists have come to “think of the conflict as a mere sub-plot in Cold War II, a struggle in which China is our real opponent.” That would be an ambitious plan, riddled with complexity. But the Biden administration has demonstrated its incapacity to deal effectively even with straightforward issues, from passing the Build Back Better framework in the US to managing a pandemic.

    The Ukraine situation involves geopolitics, the global economy and, even more profoundly, the changing image of US power felt by populations and governments across the globe. At the end of his article, the historian describes this as an example of dangerous overreach, claiming that “the Biden administration is making a colossal mistake in thinking that it can protract the war in Ukraine, bleed Russia dry, topple Putin and signal to China to keep its hands off Taiwan.”

    Historical Note

    One salient truth about Americans’ perception of the Ukraine War should be evident to everyone. Today’s media thoroughly understands the American public’s insatiable appetite for the right kind of misinformation. Niall Ferguson makes the point that the US government may nevertheless be inept in providing it. The history of misinformation in times of war over the past century should provide some clues.

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    In 1935, Major General Smedley Butler wrote a book describing the logic behind his own service on several continents. Its title was “War Is a Racket.” He described the American vision of war as a quest for corporate profit. He tried to warn the nation of the inhumanity of such an approach to the use of military force. He manifestly failed because he was late to the game. Back in 1917, Edward Bernays, the “father of Public Relations,” seduced the American public into believing that the only motive for the nation’s invasions and wars is the spreading of democracy. It was Bernays who provided Woodrow Wilson with the slogan “make the world safe for democracy.”

    For the rest of his life, Bernays not only helped private companies boost their brands, he also consulted on foreign policy to justify regime change when it threatened a customer’s racket. In 1953, working for United Fruit, he collaborated with President Dwight Eisenhower’s secretary of state, John Foster Dulles, and his brother, CIA Director Allen Dulles, to overthrow Jacobo Arbenz, the elected president of Guatemala. Arbenz had a plan to redistribute to the country’s impoverished peasants “unused land” monopolized by United Fruit. In a 2007 article for the Financial Times, Peter Chapman recounted that both Dulles brothers were “legal advisers” to United Fruit. Chapman notes that the company was also involved in the 1961 CIA-led Bay of Pigs invasion.

    In other words, concerning their impact on the American psyche, Bernays the PR man defeated Butler, celebrated at the time as America’s greatest living war hero. His fame was such that a group of powerful fascist-leaning businessmen tried to recruit him to overthrow President Franklin D. Roosevelt in the infamous 1933 “Business Plot.”

    Americans continue to rally around Bernays’ genius for reducing a suspect ideology to a catchy slogan. American interventions abroad are framed as noble efforts to support democracy and promote American business (Butler called them rackets). It’s a population of avid consumers of the media’s plentiful supply of misinformation.

    There are nevertheless odd moments when real information breaks through, though it rarely leaves much lasting impact. Last week, the Pentagon leaked news contradicting the narrative the State Department, the intelligence community and US media have unanimously adopted and promoted. In the Defense Department’s view, Russia’s invasion is not an example of unrestrained sadism toward the Ukrainian people. “As destructive as the Ukraine war is,” Newsweek reports, “Russia is causing less damage and killing fewer civilians than it could, U.S. intelligence experts say.”

    Embed from Getty Images

    The US military establishment calls it the “Russian leader’s strategic balancing act,” observing that Russia has acted with restraint. It realistically assesses that, far from seeking to subdue and conquer Ukraine, Putin’s “goal is to take enough territory on the ground to have something to negotiate with, while putting the government of Ukraine in a position where they have to negotiate.”

    Ferguson has gleaned his own evidence concerning US and UK strategy that “helps explain, among other things, the lack of any diplomatic effort by the U.S. to secure a cease-fire. It also explains the readiness of President Joe Biden to call Putin a war criminal.” Peace is no objective. Punishment is. This is a case where the Pentagon has received the message of Smedley Butler and dares to contradict an administration guided by the logic of Edward Bernays.

    *[In the age of Oscar Wilde and Mark Twain, another American wit, the journalist Ambrose Bierce, produced a series of satirical definitions of commonly used terms, throwing light on their hidden meanings in real discourse. Bierce eventually collected and published them as a book, The Devil’s Dictionary, in 1911. We have shamelessly appropriated his title in the interest of continuing his wholesome pedagogical effort to enlighten generations of readers of the news. Read more of The Fair Observer Devil’s Dictionary.]

    The views expressed in this article are the author’s own and do not necessarily reflect Fair Observer’s editorial policy. More

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    After a Difficult Year, US Farmers Are Pessimistic

    Debt is of great concern to many American citizens, despite the Biden administration’s selective efforts at debt forgiveness. While high and trending upward, debt has at least remained relatively stable over the past year.

    Market concentration, on the other hand, is a more pernicious issue. More than half the value of US farm production came from farms with at least $1 million in sales in 2015, compared to only 31% in 1991.

    The consequences of consolidation become apparent in the sales of various agricultural products. For example, in 2000, the biggest four companies sold 51% of soybean seeds in the United States. By 2015, their share rose to 76%.

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    “The agricultural industry is different than other industries because Capper-Volstead allows them to combine in ways that other individuals would go to jail for,” says  Allee A. Ramadhan, a former Justice Department antitrust attorney who led an investigation into the dairy industry. The 1922 Capper-Volstead Act was a law originally designed to protect producers by allowing them to secure their interests through cooperatives. Unfortunately, it has resulted in the perfect conditions for heavy consolidation by the largest companies.

    Consolidation doesn’t just impact prices, but it also contributes to US agriculture’s declining competitiveness. That is why agriculture was included in President Joe Biden’s executive order on competition last July, in which he declared that the “American promise of a broad and sustained prosperity depends on an open and competitive economy.”

    Fertilizers and Destabilizing Forces

    In addition to the structural concerns for US agriculture, there have been further destabilizing factors since 2020 due to the COVID-19 pandemic. Not only did the health crisis remove domestic outlets for agricultural products due to repeated lockdowns, but it also severely disrupted production. This was particularly in terms of available human resources, whether before at the farms or down the processing chain with the temporary closure of many slaughterhouses.

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    Aside from the impact of COVID-19, extreme weather has pummeled certain states, reduced production and caused billions of dollars in damage. The prices of many inputs are snowballing into other areas. Prices for urea have skyrocketed. DAP, the common phosphate fertilizer, has reached its highest price tag since the 2008 financial crash that led to the food pricing crisis.

    “As fertilizer prices continue to rise, farmers will either cut application rates, cut fertilizer entirely in hopes for lower future pricing, or cut other farm products to account for the bigger expected spend,” says Alexis Maxwell, an analyst at Green Markets.

    Some farmers are essentially holding out before buying for the next growing season, in the hopes that costs come down. But that is a risky strategy.

    Contributing to the destabilizing forces, recent countervailing duties against foreign fertilizer producers selling to the US market have cut supply. Chris Edgington, the president of the National Cotton Growers Association, said in late 2021 that the Mosaic Company petitioned for the tariffs and has since seen its share of the phosphate market grow from 74% to 80%, a near-monopoly. “There’s been a dramatic increase of fertilizer costs to the producer and that’s not looking to end,” he added. In general, the price increases for different fertilizers are not yet at the levels seen in 2008, but they could soon be even higher if they keep climbing.

    Uncertainty Due to the Ukraine War

    The war in Ukraine has added fuel to the fire regarding the uncertainties in the agricultural sector. The conflict has pitted against each other Russia and Ukraine, whose wheat exports account for more than 25% of the world’s supply. Now, these exports are at risk, as witnessed by the emerging food crisis in several North African and Middle Eastern countries.

    For instance, Tunisia imports nearly half of its wheat from Ukraine to make bread. In the country where the Arab Spring began in December 2010, Tunisians are worried there could be shortages of supplies and a repeat of bread riots like in the 1980s. Alarmingly, the Russian invasion of Ukraine has caused prices to rise to their highest level in 14 years. Yemen, Lebanon and Egypt are also beginning to be stricken by flour shortages.

    Unique Insights from 2,500+ Contributors in 90+ Countries

    The conflict has also led to the introduction of severe sanctions against Russia and Belarus, two of the world’s largest producers and exporters of fertilizers of all kinds, along with natural gas, an essential ingredient in ammonia production and a key component of complex fertilizers. Although the United States produces most of its own natural gas, fluctuations in world prices have a significant effect on the fertilizer industry. This only exacerbates the difficulties farmers currently face in obtaining inputs.

    Thus, while US farmers could look forward to a windfall of increased demand for their grain in the coming year, in the immediate future, they are simply faced with a further increase in production costs. Due to these added costs of inputs and the supply chain issues, US agriculture — especially the wheat industry — may be lacking the fertilizers needed to maximize yields, resulting in a decline in production and impeding its capability to respond to global demand.

    In a way, in the immediate and near future, the nightmare of 2021 is only worsening. For Arkansas farmer Matt Miles, “There’s no guarantee of anything being a sure thing anymore. That’s the scary part.”

    The views expressed in this article are the author’s own and do not necessarily reflect Fair Observer’s editorial policy. More