Categories
Entertainment

‘Myths and Hymns,’ a Theater Cult Favourite, Adjustments Form Once more

Listening to Adam Guettel’s song cycle “Myths and Hymns,” after a year of pandemic isolation and cautiously hoping for vaccinated freedom, you might feel of a pang of recognition in the lyric “So get me up, and get me out, and let me never return,” swelling to “I’m out of here/I am going there/I am gone!”

A little timelessness is to be expected in Guettel’s songs, a genre-hopping clash of ancient Greek tales and hymnal texts that debuted in 1998 (with a brief run at the Public Theater that has taken on a mythic status of its own) and has since inspired artists to take it up in a variety of forms as simple as a recital showpiece, and as elaborate as a book musical adaptation.

The latest iteration reunites Guettel with Ted Sperling — the music director of that original production at the Public, and now the artistic director of MasterVoices, which is presenting “Myths and Hymns” as an online mini-series whose four thematically organized episodes conclude Wednesday with the premiere of “Faith.” (The whole production will remain on YouTube through June.)

In a typical season, MasterVoices marshals luminaries of Broadway and opera for concerts and semi-staged performances of both classic gems and newer works. But no production has been as starry as this “Myths and Hymns,” whose nimble eclecticism opens it up to diverse casting. (Stephen Holden, reviewing the Public performances for The New York Times, wrote that Guettel had “created a kaleidoscopically heady musical-theater piece in which Gabriel Fauré meets Stevie Wonder, Caetano Veloso embraces Earth, Wind and Fire, and they all dance together around the tribal hearth.”)

Each of the piece’s 24 songs was treated as a discrete project — with its own cast and creative team — which made it easy for performers to contribute compared with, say, a weekslong timeline for something at Carnegie Hall. Sperling cast a wide net, not getting everyone on his wish list (like James Taylor) but gathering, among many others, Kelli O’Hara, Renée Fleming, Joshua Henry, Anthony Roth Costanzo, Jennifer Holliday, John Lithgow and the group Take 6.

“It’s a pretty incredible roster,” Guettel said in a recent joint interview with Sperling. “It might be damn near impossible to get all these people together for one night onstage.”

It’s unsurprising that so many singers were willing to join the production. Guettel’s music isn’t the material of Broadway blockbusters, but it is widely beloved for its originality, even for its difficulty, leaning toward the tradition of American art song — or even the high-level writing of golden age musical theater composers like his grandfather Richard Rodgers.

O’Hara, who starred in Guettel’s 2005 musical, “The Light in the Piazza,” as well as in workshops for his work in progress “Days of Wine and Roses,” said that the word that always comes to mind with his music is “satisfying.”

“It’s so rich, and there’s so much work to it, but it begs us to take in and understand it,” said O’Hara, whose appearances in the MasterVoices production include a luxuriously cast “Migratory V” adapted as a trio for her, Fleming and the soprano Julia Bullock. “I don’t want to be spoon-fed easy melodies and things I can hum. I want ones that get inside and kill me, really. And that’s what ‘Myths and Hymns’ does for me.”

This “Myths and Hymns” is a rare opportunity to hear Guettel’s music, which has been absent on Broadway since the lushly sensuous score of “The Light in the Piazza” resounded from the pit of the Vivian Beaumont Theater. Not that he hasn’t been busy; in fact, he’s written entire musicals.

“Two of them are finished, and they’re circling La Guardia,” Guettel said, “for understandable reasons, between the pandemic and some other complications that have come up, in terms of how and where the shows were meant to be produced.” (The embattled megaproducer Scott Rudin had been attached to “Days of Wine and Roses.”)

For now, though, Guettel has been able to revisit some of his earliest music, and in a new medium. Over lunch, he and Sperling talked more about the genesis of “Myths and Hymns,” then and now, and what may be in store for the piece’s future. Here are edited excerpts from that conversation.

Was this conceived as a virtual production from the start?

TED SPERLING From the very beginning. My concept was that it should be kaleidoscopic. I wanted a lot of directors, a lot of input, a lot of difference. I didn’t even want the directors to know what they were doing.

That reflects the music’s range. Adam, can you explain how “Myths and Hymns” took this form to begin with?

ADAM GUETTEL I had been writing these myths just because I was just starting out as a writer, and you don’t know what to write. I did stuff that was tried and true. That was enough to keep me busy. Then I came across this book in an old antique shop, and it was a tiny book, the size of an iPhone. And it was just the words to a bunch of hymns. And for some reason out of this Upper West Side Jew comes all of this music to these hymn lyrics.

So there were these two stacks of things. And Tina Landau came over one day and said, “What are you working on?” and I said, “Well I’ve got these two stacks of things,” and she listened to a bunch of them and said, “Well, why wouldn’t they work together?” And we realized in some ways that the hymns are who we would have ourselves be, and the myths are basically who we are, and that they can kind of antiphonally talk to each other.

What has it been like revisiting this music?

GUETTEL I’ve gone to see a few productions, but I hadn’t listened to it in a long time. I might have had a small case of the usual “Oh my God, I did go on a bit”; “Jesus, that needs help”; “boy, those lyrics are over couplet-y.” There’s stuff that I was a little embarrassed by at first. But I let go of my vanity and let it be what it was. And there’s the honor of being a composer who wrote something 22 years ago that’s getting done again. That’s really what you write for, so that you leave something behind.

SPERLING I imagine every writer feels with more experience that their craft grows. My impression is you have to acknowledge that you were a certain person of a certain age when you wrote a piece and you keep changing, but the piece is a record of who you were then. If you try to monkey with it too much from a later perspective you run the rusk of muddying the waters.

GUETTEL You’re operating on a patient whose anatomy you’re not familiar with anymore.

In this form, “Myths and Hymns” is probably reaching its largest audience yet.

SPERLING We’re at over 50,000 now, which is way more than we would get in a season. We are planning to package it as a single work and re-edit it, and it will be broadcast on PBS.

And with such a starry cast, will there be an album, too?

GUETTEL There are six songs that are not on the Nonesuch record [released in 1999] that no one’s ever heard, except the people who saw it at the Public.

SPERLING And one of them not even that! One of my impulses to do this was that I wanted a more complete recording. People on YouTube have been asking, “Can we please have this as audio?” It would be lovely to have a little more time with it.

Categories
World News

Biden and Xi provide dueling worldviews on methods to form the globe

Chinese President Xi Jinping shakes hands with US Vice President Joe Biden (L) in the Great Hall of the People in Beijing on December 4, 2013.

Lintao Zhang | Reuters

Who will organize the world? And which forces and whose interests will shape the global future?

These were the underlying questions behind two events last week, one in Washington and one in Beijing, that set the stage for the geopolitical competition of our time.

The DC piece was President Joe Biden’s release of the Interim National Security Strategic Guidance, which was unprecedented in a new administration at the time. Biden’s goal was to create clarity at an early stage about how he wants to set and implement priorities in a rapidly changing world.

State Secretary Antony Blinken set out the considerations behind the guidelines in his first major speech since taking office. It was persuasive and underscored the urgent need to sustain US democracy and revitalize America’s alliances and partnerships.

“Like it or not, the world doesn’t organize itself,” said Blinken. “If the US pulls back, one of two things is likely to happen: either another country tries to take our place, but not in a way that promotes our interests and values, or maybe just as badly, no one comes up and then we get Chaos and all the dangers it creates. Either way, it’s not good for America. “

Relations with China, which Blinken described as “the greatest geopolitical test of the 21st century”, are the key to this organizational thinking.

Blinken said: “China is the only country with economic, diplomatic, military and technological power that seriously questions the stable and open international system – all the rules, values ​​and relationships that make the world work the way we do want because it is so. ” ultimately serves the interests and reflects the values ​​of the American people. “

Biden’s biggest departure from the Trump approach in China is an emphasis on working with partners and allies. The move by the US and the European Union this week to ease trade tensions, suspend a long list of tariffs and the Airbus-Boeing dispute over government subsidies underscores the seriousness of President Biden.

Unsurprisingly, Beijing offers a different view of the future at last week’s second key event, the National People’s Congress, which convened on Friday and will continue next week.

President Xi sees the momentum on Beijing’s side in a world where “the east is rising and the west is falling”. His argument is that contrary to the chaos of the United States, China offers order and contrary to Washington’s ineffectiveness, which is demonstrated by how much better it has dealt with the pathogen it released.

Xi’s most comprehensive blow on how China would organize the world took place in late January at this year’s virtually convened World Economic Forum. The title of the speech underscored her overall ambition: “Let the torch of multilateralism light the path of humanity forward.”

If the Biden vision is for the US to create a group of resuscitated Democratic sisters and brothers inspired by the resuscitated United States, Xi’s vision is a world where the political system, culture, and society of all of its own affairs are.

In this world America’s value judgments are a thing of the past.

The caption for Xi is simple. How countries organize internally, along with the authoritarian restrictions and human rights violations that go with them – be it against the Uighur minority in Xinjiang province, against democracy activists in Hong Kong, or perhaps even ultimately with regard to Taiwan’s independence – is none of Washington’s business.

“Every country is unique with its own history, culture and its own social system, and none is superior to the other,” Xi told the virtual crowd in Davos. “The best criteria are whether the history, culture and the social system of a country suit its particular situation, enjoy the support of the people, serve to ensure political stability …” Xi made it clear that this approach “interferes with the domestic.” To avoid matters of other countries “.

In contrast, in a letter accompanying the Strategic Guidelines this week, President Biden wrote: “I firmly believe that democracy is the key to freedom, prosperity, peace and dignity. We must ensure that our model is not a relic of the.” History is. This is the best way to make the promise of our future come true. And if we work with our democratic partners with strength and trust, we will meet every challenge and surpass every challenger. “

The context for these competing visions was the publication this week of Freedom House’s annual poll that said, “Less than 20 percent of the world’s population now lives in a free country, the lowest percentage since 1995.”

In the Democracy Under Siege study, Sarah Repucci and Amy Slipowitz wrote: “When a deadly pandemic, economic and physical insecurity and violent conflict ravaged the world in 2020, defenders of democracy suffered fighting authoritarian enemies heavy new losses Shift the international balance in favor of tyranny. “

It was the 15th year in a row that countries with declines in political rights and civil liberties outnumber countries with gains. According to the report, nearly 75% of the world’s population lived in a country where democratic freedoms had deteriorated over the past year.

It seems that this is absolutely the wrong time to expect the world’s democracies to recover to shape the global order. But exactly the opposite is the case: at a time when democracy is being tested around the world, there is no better time to tackle the challenges together and ensure that the global gains in freedom of the past 75 years do not decline any further.

Given the global situation, the Biden government knows that its work has to start at home. Blinken was also humble about how the United States would promote democracy.

“We will use the power of our example,” he said. “We will encourage others to carry out important reforms, repeal bad laws, fight corruption and stop unjust practices. We will create incentives for democratic behavior.”

What the US will not do is promote democracy “through costly military interventions,” Blinken said, “or by attempting to overthrow authoritarian regimes by force. We have tried these tactics in the past. As well-meaning as they are like, they didn’t work. ” “”

In the end, the world will not be organized by either Chinese or American fiat, but a concert of national interests influenced by the development of the world’s two leading powers.

Xi’s bet is that China’s momentum is unstoppable, that the world is sufficiently transactional, and that its economy has become indispensable to most US allies. In addition to postponing this narrative, President Biden must work together to reverse the reality of democratic weakening.

Frederick Kempe is a best-selling author, award-winning journalist, and President and CEO of the Atlantic Council, one of America’s most influential think tanks on global affairs. He worked for the Wall Street Journal for more than 25 years as foreign correspondent, assistant editor-in-chief and senior editor for the European edition of the newspaper. His latest book – “Berlin 1961: Kennedy, Khrushchev, and the Most Dangerous Place in the World” – was a New York Times bestseller and has been published in more than a dozen languages. Follow him on Twitter @FredKempe and subscribe here to Inflection Points, his view every Saturday of the top stories and trends of the past week.

More information from CNBC staff can be found here @ CNBCopinion on twitter.

Categories
Politics

How Democrats Are Already Maneuvering to Form Biden’s First Supreme Courtroom Decide

WASHINGTON – Nachdem er sich Anfang dieses Monats im Oval Office mit Präsident Biden, Vizepräsident Kamala Harris und seinen hochrangigen Hausdemokraten getroffen hatte, machte sich der Vertreter James E. Clyburn aus South Carolina auf den Weg zu Frau Harris ‘Büro im Westflügel, um privat eine zu erheben Thema, das während ihrer Gruppendiskussion nicht zur Sprache kam: der Oberste Gerichtshof.

Herr Clyburn, der ranghöchste Afroamerikaner im Kongress, wollte Frau Harris den Namen einer potenziellen zukünftigen Justiz anbieten, so ein Demokrat, der über ihr Gespräch informiert wurde. Die Richterin des Bezirksgerichts, J. Michelle Childs, würde die Zusage von Herrn Biden erfüllen, die erste schwarze Frau zum Obersten Gerichtshof zu ernennen – und, wie Herr Clyburn bemerkte, stammte sie zufällig auch aus South Carolina, einem Staat mit politischer Bedeutung für den Präsidenten.

Im Moment ist möglicherweise keine Stelle am Obersten Gerichtshof frei, aber Herr Clyburn und andere Gesetzgeber manövrieren bereits, um Kandidaten zu fördern und einen neuen Ansatz für eine Nominierung zu finden, der bereits in diesem Sommer kommen könnte, wenn einige Demokraten auf Gerechtigkeit Stephen Breyer hoffen Der 82-jährige wird in den Ruhestand gehen. Da die Demokraten die engste Mehrheit im Senat haben und Ruth Bader Ginsburgs Tod immer noch schmerzlich frisch im Kopf ist, wollen diese Parteiführer die Ernennung von Herrn Biden gestalten, einschließlich der Abkehr der Partei von den üblichen Lebensläufen der Ivy League.

Das frühe Jockeying zeigt, wie eifrig demokratische Beamte ihre Spuren in den Bemühungen von Herrn Biden hinterlassen wollen, historisch unterrepräsentierte Kandidaten für eine wegweisende Nominierung des Obersten Gerichtshofs zu gewinnen. Aber es wirft auch einen Blick auf unangenehme Fragen der Klasse und des Glaubwürdigkeitsgefühls in der Demokratischen Partei, die seit den Tagen der Obama-Regierung knapp unter der Oberfläche lagen.

Einige Demokraten wie Mr. Clyburn, die nervös beobachtet haben, wie Republikaner versuchten, sich als Arbeiterpartei neu zu verpacken, glauben, dass Mr. Biden eine Botschaft über seine Entschlossenheit senden könnte, Demokraten durch die Wahl eines Kandidaten wie ihren Arbeiterwurzeln treu zu bleiben Frau Childs, die öffentliche Universitäten besuchte.

“Eines der Dinge, auf die wir sehr, sehr vorsichtig sein müssen, wenn Demokraten mit diesem elitären Pinsel gemalt werden”, sagte Clyburn und fügte hinzu: “Wenn Menschen mit Vielfalt sprechen, schauen sie immer auf Rasse und ethnische Zugehörigkeit – ich schaue darüber hinaus das zur Vielfalt der Erfahrungen. “

Der Vertreter GK Butterfield aus North Carolina, wie Herr Clyburn, ein Veteranenmitglied des Congressional Black Caucus, machte im vergangenen Monat in einer E-Mail an die Anwältin des Weißen Hauses, Dana Remus, einen ähnlichen Punkt, in der er die bevorzugten Kriterien des Caucus für die Ernennung von Bundesgerichten auflistete. Ganz oben auf der Liste stand laut Butterfield: „Der Richter sollte über vielfältige Erfahrungen in verschiedenen Situationen und in verschiedenen Bereichen verfügen, einschließlich Erfahrungen außerhalb des Gesetzes.“

Mr. Bidens Versprechen, die erste schwarze Frau vor Gericht zu stellen, war eine ungewöhnliche Art von Wahlversprechen: Mr. Clyburn stupste ihn an, dies bei einer Debatte in Charleston vor South Carolinas zentraler Vorwahl im letzten Jahr zu tun. Es war ein Gelübde, dem sich sogar einige Adjutanten des Präsidenten widersetzten, weil sie befürchteten, es könnte nach Pandering aussehen.

Herr Biden hat in der Öffentlichkeit wenig gesagt, seit er über seine Präferenzen für das Gericht gewählt wurde, aber als ehemaliger Vorsitzender des Justizausschusses des Senats hat er eine gespaltene Persönlichkeit, wenn es um Personalpolitik geht. Obwohl er gerne seine Wurzeln in Scranton, Pennsylvania, seine Wurzeln, sein staatliches Schuldiplom und seinen Spitznamen „Middle-Class Joe“ hervorhebt, hat er sich lange Zeit mit Adjutanten und Beratern umgeben, die die Art von Stammbaum schwingen, die ihm fehlt.

Und einige Beamte des Weißen Hauses machen sich bereits auf unfaire Angriffe von rechts auf die von ihnen ausgewählte schwarze Frau gefasst. Sie sind davon überzeugt, dass der spätere Kandidat einen einwandfreien Lebenslauf haben muss. “Es muss jemand sein, der über unbestrittene Qualifikationen verfügt, damit es nicht so aussieht, als wäre es eine nicht qualifizierte Person”, sagte ein hochrangiger Biden-Beamter, der über mögliche Nominierungen von Gerichten unter der Bedingung der Anonymität sprach, um Gedanken aus dem Westflügel auszutauschen.

Unter den potenziellen Kandidaten, die für einen Sitz am Obersten Gerichtshof ausgewählt werden, hat Frau Childs einen Hintergrund, der sich von den jüngsten Kandidaten unterscheidet. Im Gegensatz zu acht der neun derzeitigen Richter am Obersten Gerichtshof besuchte Frau Childs, 54, keine Ivy League-Universität. Ihre Mutter arbeitete für Southern Bell in Columbia, SC, und Frau Childs erhielt ein Stipendium an der University of South Florida. Später absolvierte sie die juristische Fakultät der University of South Carolina und war die erste schwarze Frau, die Partnerin in einer der größten Anwaltskanzleien des Bundesstaates wurde. In der Art einer früheren Generation von Juristen stieg sie in der Staatspolitik auf, bevor sie auf die Bank berufen wurde. Frau Childs war eine hochrangige Beamtin in der Arbeitsabteilung von South Carolina, bevor sie in die staatliche Arbeitnehmerentschädigungsbehörde berufen wurde.

“Sie ist die Art von Person, die die Art von Erfahrungen hat, die sie zu einer guten Ergänzung des Obersten Gerichtshofs machen würden”, sagte Clyburn.

Herr Clyburn, dessen begehrte Unterstützung dazu beigetragen hat, die Listungskampagne von Herrn Biden vor der Grundschule in South Carolina im letzten Jahr wiederzubeleben, war in ihrem Namen besonders aktiv, als Teil dessen, was seine Berater als seine wichtigste Bitte an die Verwaltung bezeichnen. Die 80-jährige Hauspeitsche hat sich mit Frau Harris für Frau Childs ausgesprochen. Frau Remus; und Senator Richard J. Durbin aus Illinois, Vorsitzender des Justizausschusses.

Bakari Sellers, eine demokratische politische Kommentatorin, die Frau Harris nahe steht, hat auch Mitglieder des inneren Kreises des Vizepräsidenten auf Frau Childs aufmerksam gemacht, die 2010 von Herrn Obama auf die Bundesbank berufen wurde.

“Nicht nur für unsere Partei, sondern auch für die Justiz ist es wichtig, jemanden zu haben, der Erfahrungen gemacht hat”, sagte Sellers.

Was einige dieser Beamten dazu veranlasst, mit einer aggressiveren Form der Anwaltschaft an die Öffentlichkeit zu gehen, sind zwei Entwicklungen.

Zuerst sahen sie das Zeug zu einer kurzen Liste in einer Ruth Marcus-Kolumne in der Washington Post Anfang dieses Monats, in der zwei potenzielle Breyer-Nachfolger genannt wurden, die wie Frau Childs jung genug sind, um einige Jahrzehnte auf dem Platz zu dienen. Die beiden genannten – der US-Bezirksrichter Ketanji Brown Jackson aus Washington, DC, und die Richterin des Obersten Gerichtshofs von Kalifornien, Leondra Kruger – haben beide einen Abschluss in Rechtswissenschaften der Ivy League und wichtige Verbindungen. Frau Jackson, 50, war Angestellte bei Herrn Breyer selbst, und Frau Kruger, 44, war stellvertretende Generalstaatsanwältin von Herrn Obama

Es gibt eine Handvoll anderer schwarzer Frauen in den Vierzigern mit Elite-Qualifikationen, die die Aufmerksamkeit des Gesetzgebers auf sich gezogen haben, darunter einige im Justizausschuss. Es gibt Danielle Holley-Walker, die Dekanin der juristischen Fakultät der Howard University, und Leslie Abrams Gardner, eine Richterin am Bundesbezirksgericht in Georgia, die eine jüngere Schwester von Stacey Abrams ist.

Wichtiger ist die Frage des Timings.

Es gibt relativ wenige schwarze Frauen in den Bundesberufungsgerichten, in denen Präsidenten ihre Kandidaten häufig vor den Obersten Gerichtshof ziehen. Sehr bald wird es jedoch eine weitere freie Stelle beim US-Berufungsgericht für den District of Columbia Circuit geben – was ein Sprungbrett für das Oberste Gericht sein kann -, wenn Richter Merrick B. Garland zurücktritt, um Generalstaatsanwalt zu werden. Frau Childs könnte besser in der Lage sein, zum Obersten Gerichtshof aufzusteigen, wenn sie diesem Berufungsgericht angehören würde, sagen einige ihrer Bewunderer.

“Dort ist sofort eine Stelle frei, daher würde ich mich für ihre Berücksichtigung des Gleichstromkreises einsetzen”, sagte Butterfield, selbst ehemaliger Richter am Obersten Gerichtshof des Bundesstaates, über Frau Childs. “Und wann und ob es eine freie Stelle am Obersten Gerichtshof gibt, sollte sie auch dafür in Betracht gezogen werden.”

Eine weitere mögliche Kandidatin für einen Gerichtssitz ist Cheri Beasley, die ihre Wiederwahl als Oberste Richterin des Obersten Gerichtshofs von North Carolina im November mit 412 Stimmen verloren hat. Sie besuchte auch eine öffentliche Universität und kletterte durch die Justiz über den Dienst an Gerichten der unteren Bundesstaaten. Dennoch hat Frau Beasley den Leuten gesagt, dass sie ein Angebot für den offenen Senatssitz von North Carolina im nächsten Jahr erwägt, so eine Demokratin, die mit ihr gesprochen hat.

Wenn es zu einer gerichtlichen Vakanz kommt, bereiten sich mehrere Demokraten darauf vor, dass Spannungen aus der Obama-Ära entstehen, die vom ehemaligen Präsidenten Donald Trump dokumentiert wurden.

Viele Mitglieder des Black Caucus des Kongresses sowie eine Reihe weißer Demokraten glauben, dass die Partei zu eng mit den Eliten verbunden ist und dass diese Wahrnehmung den Republikanern nur während der Wahlkampfsaison politisches Futter gibt.

“Dies ist nicht kritisch gegenüber den Harvards oder den Yales, aber ich denke, es gibt einige großartige Anwälte, die wirklich, wirklich klug sind und von anderen Orten auf dieser Erde kommen”, sagte Senator Jon Tester aus Montana, wo die Demokraten alles verloren haben drei Festzeltrennen im letzten Jahr. “Und ich denke, wir sollten sie berücksichtigen.”

Vi Lyles, der Bürgermeister von Charlotte, sagte: “Wenn Sie die breiteste Perspektive auf das haben, was im Land vor sich geht, sind Sie ein besserer Entscheidungsträger und Führer.”

Noch heikler sind die anhaltenden Frustrationen unter den schwarzen Führern, von denen viele staatliche Schulen oder historisch schwarze Institutionen besuchten, über Obamas unabhängige Behandlung des Black Caucus im Kongress und die scheinbare Präferenz seiner Regierung für Kandidaten mit Elite-Qualifikationen.

“Er war für Ivy League-Nominierte prädisponiert, da können wir uns alle einig sein”, sagte Butterfield.

Mr. Sellers war noch stumpfer. “Ich liebe Barack Obama, aber es gab eine Kultur der Ivy League, die vom Weißen Haus ausging, und wir müssen uns davon entfernen”, sagte er.

Die Frustration über Herrn Obama gipfelte in seiner Wahl von Herrn Garland für den Obersten Gerichtshof nach dem Tod von Justiz Antonin Scalia im Jahr 2016. Einige Kongressdemokraten glaubten, der frühere Präsident hätte Republikaner unter Druck setzen und Demokraten mit Energie versorgen können, wenn er eine schwarze Frau gewählt hätte und waren wütend, als er sagte, er habe nicht “eine schwarze Lesbe von Skokie” gesucht.

Was Herr Clyburn nur schräg sagen wird, ist, dass Herr Biden nicht nur schwarzen Wählern für seine Nominierung etwas schuldet, sondern auch Afroamerikanern zu Dank verpflichtet ist, die seine Kandidatur in South Carolina wiederbelebt haben, und denen im ganzen Süden, die seine Nominierung drei Tage später beinahe zementiert haben als er am Super Tuesday die Region fegte.

Einige afroamerikanische Demokraten glauben, dass sich schwarze Amerikaner hinter der schwarzen Frau versammeln werden, die Mr. Biden nominiert, und vermuten, dass Mr. Clyburn nach einer Begründung sucht, um seinen Heimatstaat zu verbessern und sein Erbe zu polieren.

Dennoch predigen nur wenige Politiker mehr als Herr Biden über die Wichtigkeit des „Tanzens mit dem, der Sie gebracht hat“, wie der Präsident oft sagt. Bislang konnte Herr Clyburn zwei seiner engsten Verbündeten in die Verwaltung berufen, wobei die ehemalige Repräsentantin Marcia Fudge zur Wohnungssekretärin ernannt wurde und Jaime Harrison als Leiter des Demokratischen Nationalkomitees gewonnen wurde.

Auf die Frage, ob er Frau Childs vor dem Obersten Gerichtshof unterstützen könne, sagte Senator Tim Scott aus South Carolina, ein Republikaner und der erste seit dem Wiederaufbau gewählte Senator der südlichen Schwarzen, er sei nicht bereit, sich zu verpflichten. Aber er lobte sie für ihren “sehr guten Ruf” und sagte, ihre Ernennung “würde die positiven und kraftvollen Fortschritte widerspiegeln, die wir im großartigen Bundesstaat South Carolina gemacht haben.”

Herr Scott war jedoch direkter, als er gefragt wurde, ob Herr Biden es den schwarzen Wählern von South Carolina schuldete, angesichts der Rolle, die sie auf seinem Weg zur Präsidentschaft spielten.

“Jim Clyburn würde es sagen”, sagte er mit einem Lächeln.

Categories
Business

Financial Stimulus Deal Takes Form in Congress: Stay Market Updates

Here’s what you need to know:

Credit…Anna Moneymaker for The New York Times

Congressional leaders on Wednesday closed in on an agreement on a coronavirus relief measure that could infuse the economy with as much as $900 billion, as they raced to complete both a pandemic aid package and a catchall federal spending measure before government funding lapses on Friday.

The top two Republicans and Democrats on Capitol Hill appeared to be coalescing around a plan that would include both another round of direct stimulus payments to Americans and additional unemployment benefits, according to people familiar with the emerging compromise who described it on condition of anonymity.

While the details were not yet final, the plan was also expected to provide billions of dollars for vaccine distribution, schools and small businesses, but omit coronavirus liability protections long sought by Republicans and a dedicated funding stream for state and local governments insisted upon by Democrats — the two most contentious sticking points.

The contours of the deal, reported earlier by Politico, became clear after a flurry of late-night negotiations among the four leaders and their staff on Capitol Hill. With Steven Mnuchin, the Treasury secretary, joining by phone, the four met twice on Tuesday in Speaker Nancy Pelosi’s office suite in the Capitol to work out the details.

“We committed to continuing these urgent discussions until there’s an agreement,” Senator Mitch McConnell, Republican of Kentucky and the majority leader, said Wednesday morning in a speech on the Senate floor.

It was unclear how large the direct payments would be, though the $2.2 trillion stimulus law enacted in March provided $1,200 per adult, and progressives and some conservative Republicans have recently called for the same amount or more to be included in the new round of aid.

Negotiators were also still haggling over an expansion and extension of unemployment benefits and how long they would last. They were also discussing reinstituting supplemental jobless payments — which were at $600 per week when they lapsed over the summer, but would likely be revived at a smaller amount. Although Democrats appeared to have dropped their demand for a major new infusion of aid for state and local governments, some officials familiar with the discussions said privately that there were other avenues to provide some of those funds in the final package.

An agreement on both the relief measure and must-pass legislation including the dozen spending bills needed to keep the government funded beyond Friday could emerge later on Wednesday.

Shoppers at Gateway Mall in Lincoln, Neb., on Black Friday. Retail sales fell 1.1 percent in November, the Commerce Department reported.Credit…Walker Pickering for The New York Times

For the first time since spring, U.S. retail sales have declined, raising questions about the strength of consumer spending and how retailers are faring in the all-important holiday shopping season.

Retail sales fell 1.1 percent in November as spending on categories like automobiles, electronic stores, clothing and restaurants and bars softened, according to a report from the Commerce Department on Wednesday.

Economists had expected a smaller decline amid robust holiday sales, driven by online spending. But the Commerce Department also revised its tally for October to a 0.1 percent decline, from an increase of 0.3 percent reported earlier.

The U.S. economy has slowed in recent months amid a surge in coronavirus cases and a steady increase in the ranks of the unemployed. Even as businesses have come under fresh pressure, lawmakers have yet to reach an agreement on a new stimulus package.

The uncertainty around holiday spending has been exacerbated as retailers pushed annual sales events into October, in a bid to jump-start the season and prevent crowded stores and shipping delays in November. Many major chains reported sales gains in October, but they were not certain about how it would affect spending in November and December.

Black Friday, which has traditionally signaled the start of the holiday shopping season, was also largely a bust for many retailers amid the rise in cases. Some companies reported that in-person traffic that day declined by as much as 50 percent from last year, as shoppers concerned about the virus stayed away from the stores.

With the new concerns around shopping in person, retailers have been racing to accommodate a surge in shipping demand, grappling with new surcharges and delays with major carriers including UPS and FedEx.

By: Ella Koeze·Source: Refinitiv

  • A surprisingly dour report on retail sales took some of the enthusiasm out of the stock markets on Wednesday.

  • Shares in Europe and the United States had been heading for a second day of solid gains before the Commerce Department said that retail sales fell 1.1 percent in November, a far sharper decline than economists had expected and fresh evidence of the resurgent coronavirus’s impact on the world’s largest economy.

  • Instead, the S&P 500 started the day with a small decline, and shares in Europe were also off their highs of the day. The Stoxx Europe 600 index and the FTSE 100 in Britain were both about half a percent higher.

  • Before the retail sales report, markets had been bolstered by signs of progress toward an economic stimulus package in Washington, and after the latest Purchasing Managers Index report offered a positive outlook on the European economy. The manufacturing index reached 56.6 points, up from 55.3 in November, and the composite output index hit 49.8 points, from 45.3 last month.

  • “The data hint at the economy close to stabilizing after having plunged back into a severe decline in November amid renewed Covid-19 lockdown measures,” said Chris Williamson, the chief business economist at IHS Markit, which compiles the reports.

  • Further insight on the state of the U.S. economy will come later on Wednesday when the Federal Reserve chair, Jerome H. Powell, speaks to reporters after the end of the central bank’s final scheduled meeting of the year. The Fed has been offering reassurance that it will continue supporting the economy, but some policymakers are divided over how much needs to be done now.

  • U.S. lawmakers held talks late Tuesday seeking an agreement on a pandemic stimulus bill ahead of a Friday deadline. Senator Mitch McConnell, the majority leader, said afterward that “we’re making significant progress,” and Speaker Nancy Pelosi offered a similar appraisal. On the table is a package of funding to support unemployed workers and troubled businesses, as well as an omnibus spending bill to keep government money flowing.

The European Central Bank headquarters in Frankfurt, Germany. Banks can begin paying dividends again, the central bank said, but with strict limits.Credit…Daniel Roland/Agence France-Presse — Getty Images

The European Central Bank said Tuesday that it would allow banks to resume limited payouts to shareholders, an indication that regulators are slightly less worried that the pandemic will set off a financial meltdown.

Since March, the central bank has been pressuring commercial banks to stockpile cash to deal with possible losses stemming from the devastating impact on the eurozone economy caused by the pandemic.

Banks can begin paying dividends again after consulting with regulators, the European Central Bank said in a statement on Tuesday, but it set strict limits on how much they can pay out as a percentage of profit and capital. The limits will remain in effect until at least the end of September 2021.

Still, the end of the dividend moratorium, which was technically a recommendation, is a sign that the banking system and the eurozone economy are inching toward normalcy.

“In revising its recommendation, the E.C.B. acknowledges the reduced uncertainty in macroeconomic projections,” the central bank said. An analysis earlier this year “confirmed the resilience of the European banking sector,” it said.

The economic crisis has forced most banks to set aside large sums to cover losses from borrowers who lost their jobs and businesses that suffered severe declines in sales. But there have been no major bank failures as a result of the pandemic, in part because regulators have forced lenders to stockpile capital in recent years and take less risk.

The central bank said that lenders should discuss dividend payments with regulators beforehand, and it cautioned banks to exercise “extreme moderation” in bonuses and other payouts to executives.

The European Central Bank is responsible for supervising banks in the eurozone that are considered big enough or important enough to set off a financial crisis. The bank said Tuesday that national regulators should apply the same standards to the smaller banks under their purview.

Philadelphia is a case study in the simple-but-not-easy task of helping tenants with the rent. Like most places, it isn’t close to satisfying the need.Credit…Hannah Yoon for The New York Times

Almost from the moment the pandemic spread across the United States, advocacy groups have warned that the economic fallout could cause mass displacement of low-income tenants.

In response, more than 400 state and local governments have used money from the federal CARES Act to set up funds to cover at least $4.3 billion in rental assistance — money that has helped tenants pay their bills and landlords stay current on their mortgages, according to a database set up by the National Low Income Housing Coalition, a policy group.

But many jurisdictions are reporting trouble spending it, and with barely two weeks left in the year, they are on pace to have more than $300 million left over, according to the coalition’s database. In a pattern that predated the pandemic, the programs have been complicated by bureaucratic hurdles, competing budget demands and a reluctance among landlords to take part, reports Conor Dougherty for The New York Times.

Philadelphia is a case study in the simple-but-not-easy task of helping tenants with the rent. Social programs are often a partnership in which cities provide funding and lay out rules but delegate the execution to quasi-governmental nonprofit organizations like the one Gregory Heller works at.

Like most places, Philadelphia is not close to satisfying the need for help. But through rounds of rejiggering and three phases of funding — each with its own maze of rules and requirements — Mr. Heller’s group built a team to distribute aid, whittled down the processes that delayed it and concluded that the best way to help was the most straightforward: Give the money directly to renters.

“There’s a societal belief that poor people can’t spend money the right way, and I think it’s important to start questioning that assumption,” Mr. Heller said.

The companies drawing Wall Street’s attention are notable for how niche their products and services are.Credit…Hannah Yoon for The New York Times

Until recently, the temperature-controlled storage and shipping of pharmaceutical products, known as the “cold chain,” was a relatively sleepy corner of the health care industry.

But the virus, and the temperature-sensitive vaccines that are poised to combat it, have brought new attention to the cold-chain delivery systems in the United States and beyond, Kate Kelly reports for The New York Times. Wall Street, which likes nothing better than a hot trade with the potential for big profits, is rushing to grab a piece of the action.

The companies getting attention from Wall Street are notable for how niche their operations are. Many use an elaborate network of freezers and specialized trucks and aircraft to move temperature-sensitive materials — such as blood, stem cells and tissue — around the world without compromising their efficacy. It’s a delicate process, because a product can go from vital to useless within minutes of being removed from cold storage.

Potential investors are constantly calling Stirling Ultracold, whose freezer equipment is powering UPS’s “freezer farms” in Louisville, Ky., and the Netherlands, where vaccines will be stored. “There’s not a day that goes by” that an inquiry doesn’t come in,” said Dusty Tenney, Stirling’s chief executive, who is running his Athens, Ohio, production lines around the clock.

Demand for Stirling’s freezer engines — the core component of their upright, under-the-counter and portable freezers — has soared, and the estimated waiting time for new orders is six to eight weeks, the company said. On Dec. 8, after multiple prospective investors studied the company’s financial metrics in a due diligence process, Stirling received a capital injection of an undisclosed amount that it planned to use to buy new equipment and expand production.

In October, Blackstone, the private equity giant, invested $275 million in Cryoport, a Nashville company that specializes in shipping sensitive medical materials at freezing temperatures. Investors have also been bullish on Ember, the beverage-heating company that has developed a refrigerated medical shipping box with built-in GPS and already counts two Jonas Brothers and the Brooklyn Nets forward Kevin Durant as shareholders.

Credit…WhistlePig

Moët Hennessy, the premium spirits arm of French luxury giant LVMH Moet Hennessy Louis Vuitton, is taking a stake in WhistlePig, in a bet that it can make typically American rye whiskey a global hit, the DealBook newsletter reports.

It’s the second American whiskey brand that Moët Hennessy, has invested in after Washington’s Woodinville in 2017. Terms of the deal were not disclosed.

WhistlePig brews its Whiskey in Vermont oak, and its 15-year aged whiskey sells for more than $200 a bottle. The company was founded by Wilco Faessen, now a senior banker at Evercore, and Raj Bhakta, an entrepreneur and onetime “Apprentice” contestant.

Mr. Bhakta sold his shares in the company when Byron Trott’s investment firm, BDT Capital, took a minority stake last year. BDT will keep its stake following the deal, in which no investors cashed out. The deal with Moët Hennessy does not include a path to an outright sale, Mr. Faessen said.

Mr. Faessen said that formal talks about a partnership began in January, and the pandemic that did not alter the deal, besides lengthening the time it took to work through the details. Sales for both WhistlePig and Moët Hennessy came under pressure as bars and restaurants shut, but the companies also noticed a shift to premium liquor during lockdowns.

“It’s just easier to treat yourself when you’re stuck at home and sick of doing Zoom meetings,” said Jeff Kozak, WhistlePig’s chief executive, who noted that sales were up this year.

Rye whiskey is consumed mostly in the United States, but Moët Hennessy thinks it can entice drinkers elsewhere. Connoisseurs who want to “expand their repertoire in the category of high-end whiskies” have recently turned to Japanese brands, said Philippe Schaus, the Moët Hennessy chief executive, “and we don’t see why we will not succeed to bring them to high-end American whiskeys.”

  • Domino’s Pizza said this week that it would pay a bonus of up to $1,200 apiece to more than 11,500 hourly workers in December. The bonuses will total more than $9.6 million, the pizza chain said. Earlier this year, Domino’s paid a bonus to frontline workers at its corporate stores and supply chain centers. “We have the honor and privilege of being open and operating throughout the U.S. during this crisis, and we recognize that we could not be doing it without the hard work and dedication of our team members,” Ritch Allison, the company’s chief executive, said in a statement.