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☆ Three major China banks to lower rates on existing first-home mortgages
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

People walk past a branch of Industrial and Commercial Bank of China (ICBC) in Beijing, China April 1, 2019. REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Sept 7 (Reuters) - Three of China's major state banks said on Thursday they will start to lower interest rates on existing mortgages for first-home loans. Interest rates on existing first-home loans will be cut to the level in place when a home was purchased, the Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS), Agricultural Bank of China (601288.SS) and Bank of China Ltd (BOC) (601988.SS) said in statements. China's home loans totalled 38.6 trillion yuan ($5.3 trillion) at the end of June, representing 17% of banks' total loan books. ($1 = 7.3232 Chinese yuan)Reporting by Ziyi Tang and Ryan Woo; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence, Ziyi Tang, Ryan Woo, Edwina Gibbs Organizations: Industrial, Commercial Bank of China, REUTERS, Rights, Commercial Bank of China Ltd, Agricultural Bank of China, Bank of China Ltd, BOC, Thomson Locations: Beijing, China, Rights BEIJING

Colombian-born Kugler, whose research has focused on labor markets, is the first Latina to join the Fed Board in its 109-year history. The vote was 53-45, with a few Republicans supporting a nomination that was championed by Democratic Senator Bob Menendez. The Senate on Wednesday also confirmed Fed Governor Philip Jefferson as Fed vice chair and Fed Governor Lisa Cook to a second term. Jefferson's success as vice chair will hinge on his ability to help Powell manage that process. Reporting by Ann Saphir; Editing by Paul Simao and Timothy GardnerOur Standards: The Thomson Reuters Trust Principles.

Persons: Adriana Kugler, Jonathan Ernst, Kugler, Bob Menendez, Menendez, Philip Jefferson, Lisa Cook, Cook, Jerome Powell, Powell, Michael Feroli, Jefferson, she'll, Derek Tang, Tang, Ann Saphir, Paul Simao, Timothy Gardner Organizations: Federal Reserve, of Governors, Capitol, REUTERS, U.S, Senate, Bank, Fed Board, Democratic, Wednesday, Jefferson, JPMorgan, Fed, Thomson Locations: Washington , U.S, Cuban, United States, U.S

☆ Red carpets without actors have repercussions for ‘glam squads’
▼ + stars: | 2023-09-06 | by ( Samantha Tse | ) edition.cnn.com time to read: +7 min

CNN —Last week, the 80th edition of the Venice Film Festival opened amid the actors’ strike that has Hollywood at a standstill, rendering the usually glitzy red carpet a more muted affair. Neil Mockford/GC Images/Getty ImagesThe impact of these reduced red carpets extends far beyond the movie business. Scheduled to work at the Venice Film Festival this season, her plans changed when the strike was announced. Lady Gaga in Valentino Haute Couture for the "A Star Is Born" screening at the 2018 Venice Film Festival. With many actors in need of new outlets to fulfil any brand commitments during the strike, we can expect the upcoming fashion month (which starts tomorrow in New York) to offer actors a useful alternative to film festival red carpets.

Persons: it’s, Valentino Haute Couture, Writers Guild of America —, —, ”, Issa Rae, Neil Mockford, Rachel Goodwin, Emma Stone, haven’t, “, hairstylist Nai’vasha, Tracee Ellis Ross, Lupita Nyong’o, Nicole Ari Parker —, Lady Gaga, Valentino, Daniele Venturelli, Kerrie Urban, can’t, Urban, “ Barbie ”, “ Oppenheimer, Ro Morgan, hairstylist, Naomi Campbell, Venus Williams, Ayo Edebiri, he’s, “ I’m, ” Morgan, Morgan, Brad Pitt, Guy Ritchie, Shi Tang, Nai’vasha, It’s, ” Goodwin, Barbie Organizations: CNN, Venice Film, Hollywood, “, Balmain, WGA, Writers Guild of America, Screen Actors Guild, American Federation of Television, Radio Artists, Wimbledon Tennis, Urban, Warner Bros ., Warner Bros, Wimbledon, Toronto Locations: Venice, London, Valentino Haute, Milan, Paris, New York, America

☆ Grilled Peaches With Dukkah to Savor the Last of Summer
▼ + stars: | 2023-09-03 | by ( Kim Severson | More About Kim Severson | ) www.nytimes.com time to read: +1 min

Hello from Atlanta, where school started a month ago and we are deep into packing lunches, working hard and trying to ignore the recent courthouse shenanigans that seem to keep Georgia on everybody’s mind. By some estimates, nearly 95 percent of the crop was lost largely because of a hard and untimely freeze. But we Georgians have 40 commercial varieties, all of them ripening to a deep sugary tang under the hot Southern sun. I cherished the few peaches I did get, even though they were crazy expensive and weren’t as sweet or as ripe as usual. The brilliant Ligaya Mishan, a columnist for The New York Times Magazine, came to my rescue with a recipe to grill them (above).

Organizations: The New York Times Magazine Locations: Atlanta, Georgia, New Jersey, California, Colorado

Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. Country Garden, China's largest private developer by sales, did not immediately respond to Reuters request for comment. Lower deposit rates will partially offset various pressures on banks' narrowing net interest margins - a key gauge of profitability, said Nicholas Zhu, a banking analyst at Moody's. "The impact of the deposit rate cut is material, given that close to three-quarters of Chinese banks' liabilities are deposits," Zhu said. China's mortgage loans totalled 38.6 trillion yuan ($5.29 trillion) at the end of June, representing 17% of banks' total loan books.

Persons: Florence Lo, Nicholas Zhu, Zhu, Ziyi Tang, Ryan Woo, Wang Jing, Davide Barbuscia, Anne Marie Roantree Organizations: REUTERS, HK, Industrial, Commercial Bank of China, China Construction Bank Corp, Agricultural Bank of China, Reuters, Industrial Bank Co Ltd, China Bohai Bank Co Ltd, Thomson Locations: BEIJING, Beijing, China, Washington, Guangzhou, Shenzhen, New York, Lincoln

Together, experts say, these efforts aim to enhance China’s military reach, which currently includes only one operational overseas naval base in Djibouti on the Horn of Africa. “It’s a question of when – not if – China will secure its next overseas military outpost,” he said. This photo taken on August 1, 2017, shows Chinese People's Liberation Army personnel attending the opening ceremony of China's new military base in Djibouti. The Hambantota commercial port in Sri Lanka has long been considered a prime candidate for a Chinese naval base. However, China’s path to developing permanent overseas bases, if indeed that is its aim, is not straightforward.

Persons: FDD, Craig Singleton, “, –, ”, Tea Banh, FDD’s Singleton, Tang Chhin Sothy, Singleton, Xi Jinping, Stringer, ” AidData, Stephen J, Townsend, ” Townsend, Bata, Ali Bongo Ondimba, Ken Ishii, ’, ” Singleton, China’s, Aaron Favila, Isaac Kardon, Kardon, ” Kardon, BlackSky Singleton, Rob Wittman, Fu Tian, Seth Moulton, ” Moulton, Martin Meiners Organizations: South Korea CNN, People’s Liberation Army Navy, Foundation for Defense of Democracies, People’s Liberation Army, PLA, Ream, Base, CNN, China’s Ministry of Defense, Ministry of Foreign Affairs, Ream Naval Base, ” Cambodian Defense, Cambodian, Getty, Fleet, Communist Party, US, Liberation Army personnel, William & Mary University, Sri Lankan Navy, US Africa Command, Gabonese, of, Xinhua, Naval Research Academy, Carnegie Endowment, International Peace, East China Seas, China, Control, Organization, Force, Strategic, International Studies, Defense Department, Chinese Communist Party, ”, Virginia Republican, The Defense Department, Qingdao Port, People's Liberation Army Navy, China News Service, America, Pentagon, US Defense Department Locations: Seoul, South Korea, China, Beijing, Washington, Cambodia, Argentina, Cuba, Djibouti, of Africa, Africa, West Asia, Gulf, Thailand, United States, Preah Sihanouk, AFP, Horn of Africa, “, South, Taiwan, Virginia, —, Sri Lanka, Bata , Equatorial Guinea, Gwadar, Pakistan, Kribi, Cameroon, Ream, Vanuatu, Nacala, Mozambique, Nouakchott, Mauritania, Colombo, Equatorial Guinea, Gabon, West Africa, South China, East Asia, East, Asia, Washington In Washington, Nanchang, Qingdao, Shandong province, Massachusetts

The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS), the country's biggest lender, and Bank of China (BoC) (601988.SS) posted in exchange filings first half profit growth of 1.2% and 0.78%, respectively, from a year earlier. "There are some regional risks that have begun to emerge," Liu said, adding that asset quality has declined slightly but remains under control. BoC's NIM narrowed to 1.67% at end-June from 1.7% at end-March. "Chinese banks are likely to continue to face earnings pressure from margin compression," said Ming Tan, director at S&P Global Ratings.

Persons: Florence, Liu Jiandong, Liu, NIM, BoC's NIM, ICBC, Ming Tan, Tan, BoC's, Ziyi Tang, Engen Tham, Selena Li, Muralikumar Anantharaman, Mark Potter, Kirsten Donovan Organizations: Industrial, Commercial Bank of China, REUTERS, BoC, Commercial Bank of China Ltd, Bank of China, Thomson Locations: Beijing, China, BEIJING, SHANGHAI, HONG KONG, ICBC's

☆ Top China bank ICBC posts 1.2% H1 profit rise
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: 1 min

The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Aug 30 (Reuters) - Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS), the country's biggest lender, said on Wednesday net profit grew 1.2% year-on-year in the first half of this year. Profit was 173.74 billion yuan ($23.83 billion) for the first half of this year, compared with the restated 171.67 billion yuan in the same period a year earlier, the bank said in a filing. ($1 = 7.2543 Chinese yuan renminbi)Reporting by Ziyi Tang, Engen Tham and Selena Li; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence, Ziyi Tang, Engen Tham, Selena Li, Muralikumar Organizations: Industrial, Commercial Bank of China, REUTERS, Rights, Commercial Bank of China Ltd, Profit, Thomson Locations: Beijing, China, Rights BEIJING

☆ Chinese banks to cut existing mortgage rates as property crisis deepens
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +5 min

The reduction in existing mortgage rates will come amid several other property, economic and market support measures Beijing has announced over the past few weeks, as concerns mount about the health of the world's second-largest economy. Chinese lenders were widely expected to cut interest rates on existing mortgages after the PBOC earlier this month said that it would guide commercial banks to do so. The central bank's proposal to cut rates, which came after a wave of early repayments of mortgage debt, aims to reduce the interest rate costs for homebuyers and to boost consumption in a slowing economy. Adjusting existing mortgage rates is conducive to easing pressure on banks from mortgage prepayment, Lin Li, vice president of Agricultural Bank of China Ltd (601288.SS), the country's No.3 lender by assets, said earlier on Tuesday. Cutting deposit rates could help banks to maintain a proper level of NIM, one of the sources said.

Persons: Tingshu Wang, Zhu Qibing, Lin Li, Fu Wanjun, NIM, Xiangming Hou, Rong Ma, Tang, Ryan Woo, Selena Li, Sumeet Chatterjee, Alex Richardson, Sharon Singleton Organizations: Agricultural Bank of, REUTERS, Bank, BEIJING, People's Bank of China, Reuters, HK, BOC International China, Citigroup, Agricultural Bank of China Ltd, Agricultural Bank, China's, Thomson Locations: Agricultural Bank of China, Beijing, China, Hong Kong

☆ 18 New Restaurants to Put on Your Fall List
▼ + stars: | 2023-08-28 | by ( Florence Fabricant | More About Florence Fabricant | ) www.nytimes.com time to read: +2 min

Four Twenty FiveThe name is the Park Avenue address of a new, 47-story office tower designed by Norman Foster. But Mr. Vongerichten and his partners hope to evoke another Park Avenue landmark: the former Four Seasons restaurant, the celebrity magnet that closed in 2019. He is working with Mr. Vongerichten on a menu that will showcase French, American, Italian and Asian flavors and techniques. 425 Park Avenue (56th Street). Nomad Tea ParlourIf you confuse this with the venerable Nom Wah Tea Parlor in Chinatown, you’re forgiven.

Persons: Norman Foster, Vongerichten, Jonathan Benno, Lincoln Ristorante, Simone, —, Pete Wells, Tina Vaughn, Chip Smith, you’re, Wilson Tang, Mandy Zhang Organizations: Lincoln, Montrachet, Broadway Locations: Eulalie, TriBeCa, Chinatown, Blue Willow

☆ Shein signs deal with Forever 21 as fast fashion expands footprint
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShein signs deal with Forever 21 as fast fashion expands footprintJamie Salter, Authentic Brands CEO, Donald Tang, Shein executive chairman, and David Simon, Sparc Group director, join 'Squawk on the Street' to discuss Shein's latest partnership with Forever 21.

Persons: Jamie Salter, Donald Tang, David Simon Organizations: Authentic Brands, Sparc Group

☆ Dutch pick for EU climate job to face tough hearing
▼ + stars: | 2023-08-25 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

Hoekstra needs to win a positive assessment from the EU Parliament and pass a potentially close vote in the assembly with majority support. If appointed, Hoekstra is expected to assume responsibility for climate change policies in the EU Commission. He belongs to the Dutch Christian-Democratic CDA party, part of the European People's Party group in the EU Parliament. Bas Eickhout, a Green EU lawmaker, said Hoekstra would need to prove his commitment to Europe's climate change agenda. He'll have a tough time convincing the European Parliament that he's the right man for the job," said Paul Tang, a Dutch Socialist member of the EU Parliament.

Persons: Wopke Hoekstra, Hoekstra, Frans Timmermans, Timmermans, Maros Sefcovic, Eickhout, Hoekstra's, Paul Tang, Kate Abnett, Bart Meijer, Giles Elgood Organizations: EU, Parliament, Dutch Christian, Democratic CDA, European People's Party, EPP, EPP Group, Green Deal, European, Socialist, Dutch Finance, Socialists, Thomson Locations: BRUSSELS, Netherlands, Dutch, Europe, EU, The Hague, New EU, Bas, Southern Europe, Spain, Italy

☆ Shein partners with Forever 21 in fast-fashion deal to expand reach of both companies
▼ + stars: | 2023-08-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

New York CNN —Fast fashion e-tailer Shein may be coming to a mall near you. Forever 21’s parent company Sparc Group announced on Thursday that it will partner with the online shopping giant in a deal that would see Sparc become a minority shareholder in Shein. Sparc is a partnership between retail real estate company Simon Group and Authentic Brands Group, whose portfolio includes brands like Brooks Brothers and Nine West. The deal will “provide Sparc Group a platform to further grow its brands,” Sparc said in a news release. Both are fast fashion brands, meaning they mass-produce cheap items that are often used and discarded at a rapid pace as consumers strive to keep up with the latest trends.

Persons: Shein, Brooks, Shein’s, ”, Marc Miller, ” Donald Tang Organizations: New, New York CNN, Sparc Group, Sparc, Simon Group, Authentic Brands, Brooks Brothers, Nine Locations: New York, Shein

☆ China Construction Bank H1 profit up 3.36%
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

China Construction Bank Corp (CCB) logo is seen on its headquarters in Beijing, China, March 31, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsSummaryCompanies H1 net profit 167.34 bln yuan vs 161.9 bln year agoNIM 1.79% end-June vs 1.83% end-MarchNPL ratio 1.37% end-June vs 1.38% end-MarchBEIJING/SHANGHAI, Aug 23 (Reuters) - China Construction Bank Corp (CCB)(601939.SS), the first of the country's Big Five lenders to report half-year results this week, posted a 3.36% rise in first-half net profit on Wednesday. China's second-biggest lender by assets saw profits rise to 167.34 billion yuan ($22.95 billion), a filing by the bank showed. The bank said it will continue to fulfill the responsibilities of a major state bank and provide strong financial support for the real economy for the rest of this year. ($1 = 7.2901 Chinese yuan renminbi)Reporting by Ziyi Tang and Engen Tham; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kyung, China's, CCB, CCB's, Ziyi Tang, Engen, Jason Neely Organizations: China Construction Bank Corp, REUTERS, Thomson Locations: China, Beijing, BEIJING, SHANGHAI

China cut its one-year benchmark lending rate on Monday, which is set to further weigh on banks' NIM. Chinese commercial banks' NIM shrank sharply to 1.74% last quarter from 1.91% at the end of 2022, official data showed. Shares of China's biggest five banks have been sliding since early May amid concerns over the weakening economy. Debt-laden municipalities represent a major risk to China's economy and financial stability, after years of over-investment in infrastructure and plummeting returns from land sales. Still, there's really no getting around the fact that banks will need to sacrifice profitability to support the economy this year," Beddor added.

Persons: Florence, headwinds, Gary Ng, NIM, Christopher Beddor, there's, Beddor, Ziyi Tang, Ryan Woo, Sumeet Chatterjee, Himani Organizations: Bank of Communications, Fair for Trade, Services, REUTERS, China Construction Bank, Corporate, Investment Banking, Industrial, Commercial Bank of China, Bank of Communications Co, Agricultural Bank of China, JPMorgan, Thomson Locations: Beijing, China, BEIJING

☆ What's gone wrong with China's economy
▼ + stars: | 2023-08-21 | by ( Laura He | ) edition.cnn.com time to read: +8 min

It’s a far cry from global financial meltdown of 2008, when China launched the largest stimulus package in the world and was the first major economy to emerge from the crisis. It’s also a reversal from the early days of the pandemic, when China was the only major developed economy to dodge a recession. Property woesChina’s economy has been in doldrums since April, when momentum from a strong start to the year faded. While Evergrade is still undergoing a debt restructuring, troubles at Country Garden raised fresh concerns about the Chinese economy. Beijing has so far unveiled a steady incremental drip of measures to boost the economy, including interest rate cuts and other moves to help the property market and consumer businesses.

Persons: rekindling, Ying Tang, Morgan Stanley, Xi Jinping, It’s, what’s, Evergrande, Evergrade, ”, Julian Evans, Pritchard, Evans Organizations: Hong Kong CNN, UBS, Nomura, Barclays, Garden, Zhongrong Trust, CNN, Capital Economics, “, People’s Bank of China, National Health Commission, Moody’s Investors Service Locations: Hong Kong, China, Shanghai, It’s, doldrums, Beijing, United States, Europe

☆ Furious Chinese investors lodge complaints over trust firm's missed payments
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Aug 18 (Reuters) - Angry investors in trust products of a leading Chinese shadow bank have lodged complaint letters with regulators, pleading with the authorities to step in after the big Chinese trust firm missed payments on dozens of investment products. "Every day, a large number of people gathered at business departments of Zhongrong Trust are praying for the firm can give an explanation to investors ... investors are immersed in unlimited horror and fear every day." In the letter to the NFRA , investors demanded that Zhongrong provide reports of the underlying assets of defaulted products. "We hope officials can attach great attention to Zhongrong Trust ... and not let this to become a milestone vicious economic event," the letter sent to the NFRA said. In the letter to the CCDI, investors complained that management of Zhongrong failed to fulfill their responsibilities and caused huge losses to investors.

Persons: Aly, Zhongrong, didn't, NFRA, Ziyi Tang, Ryan Woo, Sumeet Chatterjee, Kim Cogill Organizations: REUTERS, Rights, Trust Co, Investors, Financial Regulatory Administration, Central Commission, Reuters, Zhongzhi Enterprise Group, Zhongrong, Thomson Locations: Shanghai, China, Rights BEIJING, Zhongrong

REUTERS/Aly Song/File PhotoHONG KONG/NEW YORK, Aug 15 (Reuters) - Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer sentiment are expected to hasten a policy response to revive the country's cash-starved property sector. Zhongrong International Trust Co, which traditionally had sizable real estate exposure, has recently missed repayments on some investment products, fuelling contagion fears. 'CONTAGION'The trust sector had been a major fundraising channel for property developers seeking rapid expansion. The outstanding value of trust products invested in the property sector was 1.2 trillion yuan as of end-2022, down about 30% year-on-year. Still, exposure to the real estate sector varies from different trust firms.

Persons: Aly, Yan Wang, Nomura, Arthur Kroeber, Kamil Dimmich, Phillip Wool, Wool, Vidya Ranganathan, Laura Matthews, David Randall, Ziyi Tang, Sumeet Chatterjee, Alexander Smith Organizations: REUTERS, HONG KONG, Trust Co, Barclays, International Trust, South Capital LLP, China Equity ETF, Beijing, Thomson Locations: Shanghai, China, HONG, Zhongrong, Beijing, New York, London, Singapore, Summer Zhen

☆ Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

A man rides his bicycle across the street under the Guomao bridge at the Central Business District in Beijing, China, October 19, 2015. Bank of China didn't immediately reply to a Reuters' request for comment. The move follows pay cuts being made at investment banks such as China International Capital Corp (CICC) (3908.HK). Two of the sources said the bank had finished implementing the plan at its headquarters in the first half of the year. A third source said the bank's Shanghai branch staff last week received notice that the bank would be reducing pay gaps there.

Persons: Jason Lee, Xi Jinping, Bank of China didn't, Ziyi Tang, Rong Ma, Ryan Woo, Hugh Lawson Organizations: Central Business District, REUTERS, Bank of China Ltd, Communist Party, Bank of, China International Capital Corp, HK, of, Central Commission, Inspection, Shanghai, Thomson Locations: Beijing, China, BEIJING, Bank of China, of China, Shanghai

"The situation is already very bad for dollar-based funds to invest in China's tech sector. There isn't much room for things to get worse," said Beijing-based China Growth Capital partner Wayne Shiong. Biden's move will likely make China-focussed venture capital firms feel more urgency to raise yuan funds from Chinese investors, he said. In response to Biden's executive order, China's commerce ministry said it was "gravely concerned" and reserved the right to take countermeasures. But the executive order is barely going to do anything, and China escalating would risk turning a molehill into a mountain."

Persons: Florence Lo, Joe Biden's, Donald Trump, Weiheng Chen, Wilson Sonsini, Biden, Chen, Wayne Shiong, Biden's, Yuan, Pan, Trump, Derek Scissors, Kane Wu, Michael Martina, Roxanne Liu, Ziyi Tang, Yantoultra, Sumeet Chatterjee, William Mallard Organizations: REUTERS, U.S, Reuters Graphics Reuters, China Growth Capital, Chinese Academy of Social Sciences, TECH, Hua Hong Semiconductor, Analysts, American Enterprise Institute, Thomson Locations: China, U.S, HONG KONG, WASHINGTON, Beijing, Washington, Shanghai, Hong Kong, Singapore, Bengaluru

☆ Too Short’s Long (and Very Raunchy) Life in Rap
▼ + stars: | 2023-08-09 | by ( Tom Breihan | ) www.nytimes.com time to read: +4 min

It’s a lesson rap has never forgotten — and only one among many it learned, in large part, from this rapper. To understand Too Short’s influence, it’s useful to consider that he found national success at a moment when rap still seemed like it might head in a very different direction. As his records crept across the country, another Oakland rapper took off like a rocket. MC Hammer was Too Short’s opposite: glitzy, energetic and so family-friendly that he had his own Saturday-morning cartoon. This failure didn’t bother Too Short: “I understand why they didn’t get it,” he says of New Yorkers.

Persons: ”, “, Snoop Dogg, P’s, Young Jeezy, Gucci Mane’s, Hammer, wouldn’t, tourmates, Dre, 2Pac, —, ” Weiss, Wu, Tang Organizations: Oakland, East Coast, Yorkers Locations: UGK, Oakland, York, Coast

☆ China warns of crop, animal disease outbreaks in flood-hit areas
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Josh Arslan/File PhotoBEIJING, Aug 9 (Reuters) - Northern China warned of crop and animal diseases breaking out as flood waters retreated from rural areas, while some cities struggled to restore drinking water supplies after the worst flooding in six decades. Local authorities must step up measures to prevent and control major disease outbreaks caused by dead animals, pests and insects, Agriculture Minister Tang Renjian said after an inspection of affected areas on Tuesday. In Zhuozhou, the worst-hit city in Hebei, workers in hazmat suits sprayed disinfectant in built-up areas to prevent the spread of disease, state-run Xinhua news agency reported. The Water Resources ministry has declared an emergency response to quickly restore drinking water supplies, including setting up supply points and dispatching water trucks. Even in Beijing, where at least 33 people have died in the floods, a team of nearly 600 people were "racing against time" to restore water supplies in a rural district.

Persons: Doksuri, Josh Arslan, Tang Renjian, Tang, Liz Lee, Ryan Woo, Miral Organizations: REUTERS, Agriculture, Xinhua, Water Resources, Thomson Locations: Zhuozhou, Hebei province, China, BEIJING, Northern China, Hebei, Beijing, Farms, Shijiazhuang, Shanghai

☆ The Future of Rap Is Female
▼ + stars: | 2023-08-09 | by ( Niela Orr | Photographs Adrienne Raquel | ) www.nytimes.com time to read: +22 min

The Future of Rap Is Female As their male counterparts turn depressive and paranoid, it’s the women who are having all the fun. In the mid-’80s, the dynamics shifted slightly, when UTFO released “Roxanne, Roxanne,” a comical torch song dissing a woman who rejected the men’s advances. Like good sex, raunchy rap is only fun if all parties are completely enthusiastic, and this music provides necessary female perspectives to match what the men make. In Miami one weekend in late July, Rolling Loud, one of the biggest annual hip-hop festivals, made itself into a microcosm of the rap world. There’s a relentless gender pessimism in the air, too — on the street, on dating apps, in the Supreme Court and, of course, in rap music.

Persons: Sackler, Drake, Foley, Yung Miami, Wu, Da, Tupac Shakur, Nicki Minaj, Cardi, Megan Thee, there’s, ”, There’s Latto, Jung Kook, “, Diana ”, Boy’s, Red’s, Munch, Rodney Dangerfield, munch, ” MAIYA, “ We’re, Lil Baby, Flo Milli, —, ” Flo Milli, Ginger Rogers, Fred Astaire —, Debbie D, Lisa Lee, Mercedes Ladies, UTFO, Roxanne, Lolita Shanté Gooden, Gooden, ” FLO MILLI, Roxanne Shanté, Clover Hope, M.C, Brian Coleman, Lyte, Ruff Ryders, it’s, Missy Elliott, Lauryn Hill, Kash Doll, SKODI LOLA BROOKE, Lil ’ Kim, “ I’m, I’m, ” That’s, Lolita Gooden, Greta Gerwig’s “ Barbie ”, James Harden, P.J, Tucker, KENTHEMAN “, I’ve, Playboi Carti, Travis Scott, Grace Jones, Benzino, blowin, ignorin ’, Berry hairdo, Grandmaster Flash, It’s, ” —, ” Leray, VETTE, CHANEL, ” Flo, Cartier, “ Lyte, Flo Organizations: YouTube, Girls, City Girls, Public, Down Productions, Wu -, Digital, City, Memphis, Brooklyn Locations: Miami, Wu - Tang, “, Bronx, Mobile , Ala, y’all

☆ This rare female painter in Edo Japan was ‘coveted’ for her exquisite ink paintings
▼ + stars: | 2023-08-02 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

But he laments the fact that Yukinobu — and other women artists from Japan — are not given more prominence beyond occasional inclusion in broad group shows. But she never signed her paintings, according to Kanō tradition, as Kanō Yukinobu. The Denver Art Museum alone has 13 imitations of Yukinobu paintings, and only one authentic work. A peony in the collection of MFA Boston (not on view), which holds several Yukinobu paintings. “There’s a core group of female scholars who are pursuing this (the study of Japanese women artists),” he explained.

Persons: Kiyohara Yukinobu, —, ”, Einor Cervone, Yukinobu, Benzaiten, Paul Berry, “, ” Berry, Kanō Tan’yū, Kusumi Morikage, Berry, Cervone, Yang Guifei, Tang, Xuanzong, it’s, Kiyohara, consort Yang Guifei, ” Cervone, Boston Berry, he’s, don’t, Picasso, I’m, It’s Organizations: CNN, Denver Art Museum, Tokyo National Museum, Miho Museum, Metropolitan Museum of Art, Museum of Fine Arts Boston, Boston, Suntory Museum of Art, Women’s University Locations: Japan, Kyoto, New York, “, Tokyo, Shibuya, East Asia

Chinese developers are allowed to sell residential projects before completion but are required to put those funds in escrow accounts. Local city governments permit them to withdraw a portion of the funds, depending on the progress of construction. China's housing ministry did not respond to Reuters request for comment on the tightening of developers' access to escrow funds. FALTERING HOUSING DEMANDThe new measures come as property demand is sluggish - China's property sales between May and June showed the largest monthly drop this year, based on sales by floor area, and investment in property also slumped. Under those rules, the authority has asked the bank to make escrow funds available only to developers who have other sources of funding to cover construction costs, said the person.

Persons: Gary Ng, Ng, Clare Jim, Tang, Sumeet Chatterjee, Muralikumar Organizations: Asia Pacific, National Bureau of Statistics, Thomson Locations: HONG KONG, BEIJING, Asia, Hunan, Hefei, Xiamen, Hong Kong, Beijing

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