Boeing rolls out latest 787 model

first_imgThe Boeing 787-10 Dreamliner, the third member of the 787 Dreamliner family, has made its debut at Boeing South Carolina.Thousands of employees at the North Charleston, S.C. site celebrated the event, along with U.S. President Donald Trump and South Carolina Governor Henry McMaster.“What’s happening here at Boeing South Carolina is a true American success story,” said Dennis Muilenburg, Boeing chairman, president and CEO.“In just a few short years, our team has transformed a greenfield site into a modern aerospace production facility that is delivering 787s to airlines all over the world and supporting thousands of U.S. jobs in the process.”The 787-10, will now be prepared for its first flight in the coming weeks.“This airplane, the most efficient in its class, is the result of years of hard work and dedication from our Boeing teammates, suppliers and community partners in South Carolina and across the globe,” said Kevin McAllister, Boeing Commercial Airplanes president and CEO.“We know our customers, including launch customer Singapore Airlines, are going to love what the 787-10 will do for their fleets, and we can’t wait to see them fly it.”Boeing will deliver the 787-10 to airlines in 2018. The 787 has secure 149 orders from nine customers across the globe.The 787-10, the longest model of the Dreamliner family, will grow the nonstop routes opened by the 787-8 and 787-9 with unprecedented efficiency.As an 18-foot (5.5-m) stretch of the 787-9, the 787-10 will deliver the 787 family’s passenger experience and long range with up to 10 percent better fuel use and emissions than the competition Boeing claims.Since entering service in 2011, the 787 family has flown more than 140 million people on 530 routes around the world, saving an estimated 13 billion pounds of fuel.last_img read more

Japan raises tariffs on frozen beef

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Japan said that rising imports of frozen beef in the first quarter of the Japanese fiscal year (April-June) have triggered a safeguard, resulting in an automatic increase to Japan’s tariff rate under the WTO on imports of frozen beef from the United States.The increase, from 38.5% to 50%, will begin Aug. 1, 2017 and last through March 31, 2018. The tariff would affect only exporters from countries, including the United States, which do not have free trade agreements with Japan currently in force.“I am concerned that an increase in Japan’s tariff on frozen beef imports will impede U.S. beef sales and is likely to increase the United States’ overall trade deficit with Japan,” said Sonny Perdue, U.S. Secretary of Agriculture. “I have asked representatives of the Japanese government directly and clearly to make every effort to address these strong concerns, and the harm that could result to both American producers and Japanese consumers.”Japan was the top export market for U.S. beef, valued at $1.5 billion in 2016. According to data compiled by the U.S. Meat Export Federation, 2017 first quarter U.S. beef sales to Japan increased 42% over 2016. In addition to the United States, the 50% safeguard tariff also applies to imports from Canada and New Zealand.“We’re very disappointed to learn that the tariff on frozen beef imports to Japan will increase from 38.5% to 50% until April 2018. Japan is the top export market for U.S. beef in both volume and value, and anything that restricts our sales to Japan will have a negative impact on America’s ranching families and our Japanese consumers,” said Craig Uden, National Cattlemen’s Beef Association (NCBA) president. “NCBA opposes artificial barriers like these because they unfairly distort the market and punish both producers and consumers. Nobody wins in this situation. Our producers lose access, and beef becomes a lot more expensive for Japanese consumers. We hope the Trump Administration and Congress realize that this unfortunate development underscores the urgent need for a bilateral trade agreement with Japan absent the Trans-Pacific Partnership.”last_img read more

Will Netflix Finally Doom the Theater Industry?

first_imgThis week Netflix will release Beasts of No Nation with the intent of garnering a Best Picture nomination. Paramount is now streaming free movies on YouTube.Those headlines alone are enough to bring into question the future of digital distribution. Netflix is breaking the traditional mold of film distribution by streaming their film the day it premieres in theaters. Paramount aims to get rid of the shopping store bargain bin by offering their films to the masses for free. Let’s take a look at these significant changes to internet distribution.Netflix Aims for a Best Picture Academy AwardThe Netflix original film Beasts of No Nation will be released on October 16th. The film has received tons of praise, which brings its Academy Award eligibility into question.Traditionally, films are first released in theaters. Then, 90 days later, they are available for purchase online, streamed, or in disc format. With Beasts of No Nation, Netflix is bypassing the 90 day window and streaming the film immediately.In doing so, the film has been boycotted by the four largest cinema chains; AMC, Regal, Cinemark, and Carmike. (If you’re curious on how behind the times cinema chains are, just look at Carmike’s homepage.)Image: Abraham Attah and director Cary Joji Fukunaga at TIFF via Maher FilmsThe Academy Awards rulebook notes that qualifying films must open in Los Angeles County and run for at least one week. Any “nontheatrical” releases are allowed simultaneously, which means that streaming the film at the same time will follow the guidelines. The film is scheduled to screen in Landmark Theaters and smaller chains like the Alamo Drafthouse. (Landmark has three theaters in LA County.)This is not the first time Netflix has tried to win an Oscar. Their documentaries Virunga and The Square were both nominated for Best Documentary Feature. However, this time the company has their eyes set on one of the largest categories. A nomination alone will have a major impact on film distribution.  Director Cary Joji Fukunaga had some hesitations with selling the film to Netflix, as he wanted to ensure the film saw a theatrical release. Netflix proved to have no issues with his demands, and encouraged a theatrical release to allow them to achieve an Oscar nomination. In this video, Fukunaga discusses the early meetings with Netflix. Amazon Follows Traditional DistributionAmazon Studios is also working on original films, currently finishing post-production on Spike Lee‘s Chi-Raq. Chi-Raq is scheduled for a traditional December theatrical release. Amazon intends to work with the major theater chains before eventually releasing the film themselves on Amazon Instant Video.Amazon believes in this model so much, they are already planning to release 12 films a year. In comparison, Netflix only has 11 films slated over the next two years. However, Netflix appears to be winning over critics and writers. With the instant release, Netflix films seem to have much more exclusivity – which should in turn drive up new membership.With Amazon’s delay to stream, there is no real incentive to purchase a Prime membership strictly for Instant Video. If their films turn out to be a major success, many viewers will first see the film in theaters as opposed to waiting 90 days.Paramount Opens the VaultParamount Pictures has created a new YouTube channel, The Paramount Vault. The Vault doesn’t only offer popular film clips, but a huge selection of films from their catalog.While the videos are not their high-profile films, they aren’t their worst films either. Many of the videos have sat in bargain bins in retail and grocery stores. By putting them on YouTube, the films can at least earn ad revenue for Paramount.The channel gives fans the opportunity to discover and watch titles that may not be readily available anywhere else and because of the vast richness of our library we can regularly change and update the selections. – Amy Reinhard, President of Paramount’s Worldwide Television & Home Media Acquisitions The Future of Digital DistributionFor years, people have asked it online streaming and distribution would break the theater model. If Netflix manages to earn a nomination in a major category, then it has already happened. You can see it now, as theater chains realize that they must provide an elevated experience. Popcorn and sticky floors aren’t going to cut it anymore. When the home audience has amazing television sets, the theaters must update their equipment too. This not only includes projectors and screens, but food, service, and seating as well. Many chains now offer luxurious recliners, just to literally get butts in the seats.Perhaps the biggest effect on the industry will be the ratings system. The MPAA ratings system has been incredibly controversial over the years, even being subject to a documentary. By releasing their own films on their own platform, Netflix could just issue their films as Not Rated.Finally, with Paramount releasing films for free, they will now be earning revenue off of films once considered dead. The Paramount Vault could lead to other studios releasing their old content online. Something that was always expected with digital distribution. It seems the power of filmmaking is finally reverting back to the studios, especially those who embrace their consumers.What are your thoughts on the future of digital distribution? Let us know in the comments below.last_img read more

Rural Rockstars: Vijay Kumar makes his village proud by winning an Olympic medal

first_imgVijay Kumar, 27, Harsour, Himachal Pradesh Shooter, Olympic Silver Medallist.He was still shy of 16 when he gave in to wanderlust, to explore the world beyond Harsour, a small village in Himachal Pradesh’s hilly Hamirpur district. Unlike his peers, who headed for lucrative jobs in the metros, Vijay Kumar followed,Vijay Kumar, 27, Harsour, Himachal Pradesh Shooter, Olympic Silver Medallist.He was still shy of 16 when he gave in to wanderlust, to explore the world beyond Harsour, a small village in Himachal Pradesh’s hilly Hamirpur district. Unlike his peers, who headed for lucrative jobs in the metros, Vijay Kumar followed his father, Subedar Bankuram Sharma, into the Indian Army. Recalling early signs of his son’s prowess, Bankuram says: “He was precise even in the way he cut and stacked grass for our buffaloes, when he was barely seven.”It was this single-mindedness that drew him to competitive shooting, shortly after he enlisted as a sepoy in his father’s regiment, 16 Dogra, in 2003. Witnessing the young soldier’s ability to repeatedly hit bull’s eye at arms training, instructors pushed him to the Army marksmanship trials. He never looked back, having won 110 national and 45 international medals in eight years, crowning it with Olympic glory.”Seena chaura kar diya hai mere bete ne (My son made my chest swell with pride),” says Bankuram. The village that helped raise the champion is agog. “Who could’ve imagined that a Harsour youngster would make the world stand up?” says the proud father. “It’s all because of Jwala Mata’s blessings,” insists Roshini Devi, his devout mother.Inspired Harsour youngsters are already honing their marksmanship skills with catapults. With Chief Minister Prem Kumar Dhumal promising a “world-class sports shooting facility” at Hamirpur, Vijay Kumar’s success could usher the dawn of a revolution in marksmanship in this quiet corner of India.last_img read more