Edition Monday, October 15, 2018 | International Bali Post

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16 Pages Number 210 10th year

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Monday, October 15, 2018

Amy Winehouse fans divided as hologram tour is announced

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Monday, October 15, 2018

LOS ANGELES - Music fans are divided after it was announced that a hologram of Amy Winehouse will go on tour next year. Mitch Winehouse, the late singer’s father, said the recreation of his daughter was set to embark on a world tour accompanied by a live band and backing singers. He said the virtual reality project allowed “new generations” to discover the Back To Black singer’s music. However, some are not convinced by the idea. “I didn’t know her personally but I saw her documentary (it really impacted me) and I’m pretty sure she’d find this kind of ridiculous,” said one Twitter user replying to Mr Winehouse’s announcement.

Another asked: “Who’s actually attending these hologram tour shows? Who’s the reason they keep getting booked? I need answers. I just heard an Amy Winehouse hologram tour is in the works. #ButWhy.” A third added: “Oh that’s just wrong.” But some were positive about the move. “OMG this is so exciting!!! I never got the chance to see Amy preform live, I would do anything to see her preform, how magical!,” wrote one fan. Speaking at the Dorchester

Hotel in London at the Amy Winehouse Foundation’s annual gala, Mr Winehouse said the family “felt ready to bring Amy’s incredible talent back to the spotlight”. He added: “We experienced first-hand how these hologram shows celebrate great artists. This is a wonderful way to bring focus back to her musical legacy, as well as raising funds for the Amy Winehouse Foundation. “It’s time to remind everyone that Amy was one of the great musicians and performers.” (IBP/net)

Amy Winehouse died at the age of 27 in 2011 after a long battle with drink and drugs.

IBP/net

IBP/net

Prince’s half-brother said the Prince estate ‘has never given permission’ for the music to be used.

Family of Prince demands Trump stop using his music NEW YORK - The family of Prince has told Donald Trump to stop playing the late icon’s songs at rallies, following a phalanx of other angry artists who have told the US president to pull the plug. “The Prince Estate has never given permission to President Trump or The White House to use Prince’s songs and have requested that they cease all use immediately,” tweeted the musician’s half-brother Omarr Baker. The Trump campaign did not immediately respond to an AFP request to comment. The president’s team have reportedly added “Purple Rain,” one of Prince’s best-loved tracks, to the playlist of recent rallies in the runup to November midterm elections, including in Mississippi last week. The complaint adds Prince to a long line of musicians or their representatives who have objected to the billionaire Republican head of state blasting out their tunes at his public rallies. The Rolling Stones, Adele, Neil

Young, R.E.M., Aerosmith, Queen and George Harrison are among acts that have lodged objections to the use of their music at Republican gatherings. The family of Italy’s late Luciano Pavarotti, one of the most famous tenors of the 20th century, also criticized the use of his signature recording of blockbuster Puccini aria “Nessun Dorma,” a fixture at Trump’s 2016 rallies. But during a question-andanswer session on Twitter two years ago Rolling Stones frontman Mick Jagger was quoted as saying there was nothing he could do under US law to stop Trump playing his music. “If you’re in a public place like Madison Square Garden or a theater, you can play any music you want, and you can’t be stopped. So, if you write a song and someone plays it in a restaurant that you go to, you can’t stop them. They can play what they want,” the Daily Beast quoted him as saying. (afp)

Stephen Jaffe / International Monetary Fund / AFP

International Monetary Fund Managing Director Christine Lagarde (C-front) poses with finance ministers and Central Bank governors during a group photo at the International Monetary Fund (IMF) and World Bank annual meeting in Nusa Dua, on Indonesia’s resort island of Bali on October 13, 2018.

Seeds of next global financial crisis being sown, top officials warn

Rising US interest rates, tanking emerging market currencies and a bitter US-China trade spat could push the world towards its next financial crisis but there is still time to avert disaster, global finance chiefs have said. The world economy is still growing but faces an “unprecedented” combination of threats, the International Monetary Fund cautioned at an annual meeting with the World Bank in Bali this week. Among them is growing protectionism championed by the Trump administration and the intensifying trade-and-currency battle between Washington and Beijing, which have imposed tit-for-tat tariffs on billions of dollars worth of goods. Opening the Bali talks, Indonesian President Joko Widodo compared the dispute between the world’s two biggest economies to the hit television series “Game of Thrones”. “Great houses, great families, battle each other fiercely to seize control over the Iron Throne,” he said. But “confrontation and collision impose a tragic price not only on those who are defeated but also on

the winners”. And IMF chief Christine Lagarde warned of a “degree of uncertainty that we have not seen before” in international trade. - ‘Constructive solutions’ -

Disaster can still be averted, officials said at the Bali meet, with reassuring talk from the global financial elite that growth remains strong -- the IMF projects 3.7 percent for this year and the next -- and could yet withstand the risks gathering on the horizon. And despite tensions, US and Chinese officials in Bali also sounded conciliatory tones. US Treasury Secretary Steve Mnuchin described “productive” talks with the Chinese on the yuan, which Washington has accused Beijing of keeping artificially low to boost exports. And China’s central bank governor Yi Gang called for “construc-

tive solutions” to the damaging tiff, but insisted that Beijing was not devaluing its currency to gain trade advantages -- a practice the IMF this week called on members to avoid. But there are also other brewing concerns, including the US Federal Reserve’s decision to raise interest rates. This year has already seen three hikes, which experts largely agree are necessary to avoid overheating an economy with strong growth and low employment. That has squeezed emerging markets, which are seeing capital flee towards the US enticed by higher returns, and also threatens developing countries that have large debt burdens denominated in dollars. “The global economy continues to grow but the outlook is now challenging especially for emerging markets due to the normalisation of the US monetary policy,” Brazilian central bank governor Ilan Goldfajn warned Sunday. The US “needs to be very mindful that spillover from the effect of their policies is very real for many countries,” Indonesia’s Finance Minister

Sri Mulyani Indrawati added, in an interview with Bloomberg TV. - ‘Repair your roof’ -

Still, there is little expectation for now of a change of gear by the Fed, despite President Donald Trump’s vocal criticism of the rate hikes. And top officials said emerging markets should prepare for more hikes with measures that could cushion the impact, including flexible exchange rates and careful management of capital movement. The consensus among central bankers and leading economic officials is that while the next global crisis may not be imminent, now is the time to prepare for it. “The time to repair your roof is when the sun is shining,” French central bank governor Francois Villeroy de Galhau told AFP. He said the current stable global growth was a good moment “to rebuild budget reserves” and for states that can to reduce their debt loads. The IMF has also called on central banks to begin “normalising” loose

monetary policy that began in response to the last financial crisis a decade ago, to give them more room to manoeuvre in the case of a fresh economic disaster. The need for a “cushion” in case of disaster has also been exacerbated by the rise of so-called “shadow financing”, a largely unregulated system that has spread globally, and an alarming expansion of public and private debt to more than double the world’s GDP last year. Lagarde urged vigilance as she addressed the meetings in Bali, warning against “collective amnesia” about what sparked previous financial crises. “Geopolitical tensions combined with... increased protectionism produced terrible developments.” (afp) News can also be heard in “Bali Image” at Global Radio FM 96.5 from 9.30 until 10.00 am. Listen to Global Radio FM at http:// globalfmbali.listen2myradio.com or live video streaming at http://radioglobalfmbali.com and http:// ustream.tv/channel/global-fm-bali.


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