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“The Promise” Genocide-themed epic close to fall release date

June 16, 2016 By administrator

214816It looks like it’s going to be a fall release for the much-anticipated film “The Promise”, which stars Oscar Issac and Christian Bale in an Armenian Genocide-themed epic directed by Academy Award-winner Terry George, Asbаrez said.

Sources told Asbarez that “The Promise” is eyeing to hit theaters as early as December.

Golden Globe-winner Issac and Oscar winner Bale were announced as leads of “The Promise” last June when Survivor Pictures, founded by late-billionaire Kirk Kerkorian revealed the long-rumored film project. According to early reports, Bale will play Chris, who is in love with both a woman and the danger of being in a combat zone during World War I. Isaac will play Michael, who is in love with the same woman but conflicted by old-world traditions and his heart.

George, who was nominated for a best director Oscar for “Hotel Rwanda,” co-wrote “The Promise” with another Academy Award nominated screenwriter Robin Swicord. In March 2013, George was a guest of the Armenian State Pedagogical University, where the Irish filmmaker compared the Armenian Genocide to the 1994 Rwandan Genocide.

The film, which also stars, Charlotte Le Bon, James Cromwell, Marwan Kenzari, Jean Reno, Shohreh Aghdashloo and Angela Sarafyan, among others, completed shooting in Europe last fall and is in post-production.

After shooting was completed on the film, Survival Pictures co-manager and a producer of the film, Eric Esrailian told Asbarez in an email that “Kirk will be proud,” referring to Kerkorian. “That makes all of the hard work even more special.”

The entertainment blog, The Playlist, gave an early prediction that “The Promise” will be on a short list for Academy Award consideration in 2017.

Related links:

Asbarez. ‘The Promise’ Close to Fall Release Date

Filed Under: Articles, Events Tagged With: epic, genocide-themed, The Promise

OECD Chairman: World facing ‘wave of epic debt defaults,’ says the economist who predicted Lehman crash

January 20, 2016 By administrator

burning-dollar-black-background-55218598The financial situation in the world has become so unstable that a new wave of defaults and bankruptcies will soon emerge, says William White, the chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements (BIS).

“The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” the economist told the Telegraph newspaper before the World Economic Forum in Davos.

White is one of a few bankers who warned about the rising crisis in the Western financial system before the financial crash eight years ago.

Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for mischief,” said White.

“It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something,” he added.

According to White, European lenders will have to face large haircuts. In particular, European banks have already recognized $1 trillion in non-performing loans.

He added that the emerging markets are an important part of the problem, even though after the bankruptcy of Lehman Brothers that resulted in the 2008 global financial crisis, they were part of the solution.

The economist also said that the yuan devaluation could “metastasize” in the future.

Filed Under: Articles Tagged With: Chairman, debt defaults, epic, Oecd

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