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With audiences in free fall, do award shows need to change?

NEW YORK — The Oscars, Grammys and Emmys have for decades served as staples of US television award ceremonies that kick off the year and shape the pop culture conversation.

But ratings are in free fall for many possible reasons — audiences now have plentiful other options outside of traditional broadcasts and the hours-long award shows may be too much of a slog for viewers, who could also be put off by the growing politicization of the awards.

Nielsen, which has been tracking the shows’ audiences since 1974, has never seen fewer viewers for the Oscars, the most glittering of the galas, than this year.

Some 26.5 million people in the United States watched the Oscars last week, a drop of nearly 20% from just a year earlier.

The right wing led by President Donald Trump has been quick to gloat at the declining audience, seeing it as evidence that the American heartland is rejecting a cultural elitism represented by the entertainment industry.

Trump was vigorously mocked at last year’s awards shows while the latest Oscars celebrated women’s empowerment and the #MeToo movement in the wake of abuse scandals in Hollywood’s ranks.

The shows, stung by criticism over white artists’ domination, have also moved to ramp up representation of African Americans.

“Some of us love music without the politics thrown in it,” Nikki Haley, the US ambassador to the United Nations, tweeted during the Grammys after a skit skewered Trump and featured a cameo by Hillary Clinton.

Dom Caristi, a professor of telecommunications at Ball State University in Indiana, doubted that politics had much of an impact in reducing viewership, saying there was no hard evidence to make the case.

For many experts, the award season’s struggles have more to do with the diffusion of the small screen, with streaming services such as Netflix and Hulu offering advertisement-free entertainment on-demand.

Robert Thompson, founding director of the Bleier Center for Television and Popular Culture at Syracuse University, said that for audiences in 2017 the ceremonies “go way too long.”

The Oscars lasted three hours and 47 minutes “and, on top of that, all of the good, exciting stuff didn’t happen until the last 45 minutes,” Thompson said.

After a marathon show in 2002 that went on for four hours and 20 minutes, the Academy of Motion Picture Arts and Sciences, which runs the Oscars, reduced the number of statuettes that are handed out during the ceremony.

But for Thompson, the issue is not only the length but the content.

“Some of the best actors in the country, in the world — they bring them up in their beautiful clothes and they read this copy that sounds like it was churned out by an accountant, read in an incredibly stilted way,” Thompson said.

BLOCKBUSTERS CAST ASIDE
In another possible pitfall for the Oscars, Gabriel Rossman, a sociologist at the University of California, Los Angeles, said that many award-winning films were simply not popular.

Recent winners of Best Picture such as Moonlight and The Artist enjoyed critical acclaim but niche appeal.

In the 1990s, the top prize went to box-office smash hits such as Titanic and Forrest Gump.

“Generally, you’ve seen a decline in middle-range movies. Movies now are either absolutely tiny or they’re really expensive comic book films. And there’s very little in between,” he said.

After a controversy in 2009 when Batman film The Dark Knight failed to be nominated for Best Picture, the Academy raised the number of movies in competition for the top prize from five to 10.

But Rossman said that the impact was limited with only two films nominated for Best Picture this year — Get Out and Dunkirk — finding major success at the box office.

Neither was a favorite to win the award, which went to the dark romantic fantasy The Shape of Water.

Thompson, however, said that the film industry inevitably did not always consider blockbusters to be the year’s best films.

“If you want to know the award for the most popular film, we’ve already got that award. It’s called the box office,” he said.

NO EASY FIX
The Grammys, which draw fewer viewers than the Oscars, have also faced controversy for its selections but tend to recognize bigger-name artists.

Album of the Year in the past three shows went to Bruno Mars, Adele, and Taylor Swift, all of them arena-filling stars.

Few experts see quick solutions, with radical changes to the format risking even further alienating regular viewers.

Thompson said that the Oscars could announce even more awards off-screen.

“The Oscar broadcast looks stodgy and old-fashioned and very much the same it has for a long time because the Academy in many ways has insisted that it stays that way. They are very protective of their brand,” he said.

But he also put the decline in perspective. Even with falling viewers, the Oscars are “still the highest-rated non-sports event of the year.” — AFP

The Crown star’s pay reignites debate on gender inequality

NEW YORK — Gender equality may be the hot topic at Hollywood red carpets and press conferences but Claire Foy’s pay on The Crown demonstrates that, beyond the rhetoric, progress remains painfully slow.

Producers admitted this week that Matt Smith, Prince Philip on the hit Netflix drama, had negotiated a better deal than Foy — the star of the show as Queen Elizabeth II — because of his perceived higher profile.

They did not reveal either salary but said Smith’s 2010-2013 starring role on the BBC’s Doctor Who had been the decisive factor.

Variety magazine last year put Foy’s pay at $40,000 an episode.

The revelation made headlines around the world but can hardly have been a surprise to anyone following the rankings of Hollywood’s highest paid actors, tabulated annually by Forbes magazine.

Emma Stone placed top of the female earnings list last year, but the inconvenient truth for progressive Hollywood is that she would have ranked a paltry 15th had the chart included men.

Treatment of women in show business has been in the spotlight since the Harvey Weinstein sexual misconduct scandal last year touched off a deluge of allegations that brought down powerful men in public life.

Companies, government agencies and even the US federal court system have been forced to re-evaluate sexual harassment policies, while bosses have been confronted with the unfairness of actresses’ pay.

‘CHANGE-MAKING’
One corollary of a painful period of soul searching has been the lifting of the taboo against discussing pay in public. Stories of unfairness have begun to surface with increasing regularity.

“You were not supposed to talk about salary, which is why all these conversations about pay equity in Hollywood are so refreshing, because it’s not something that was shared,” says Melissa Silverstein, founder of the Women and Hollywood website.

Oscar-nominated All the Money in the World hit the headlines in January when Mark Wahlberg and Michelle Williams were called back to reshoot scenes expunging Kevin Spacey, who was sacked over allegations of sexual abuse.

It emerged that Williams had been paid less than $1,000 for the extra work while Wahlberg got $1.5 million, a bonus he ended up giving away to the Time’s Up women’s movement as the furor blew up.

While Wahlberg’s gesture was considered noble and generous, pundits objected that it didn’t address the inherent unfairness.

Silverstein told AFP, however, that the simple fact that people were beginning to notice and talk about the issue was “change-making.”

“To understand why it’s so exciting and revolutionary that people are actually sharing salaries now is because it pierces the silence,” she said.

Television has traditionally boasted a more progressive approach to pay, in no small part thanks to the stars of hit 1990s sit-com Friends, who set the standard by negotiating as a team for the same salaries.

‘GAME OF CHICKEN’
The lead cast of The Big Bang Theory and Game of Thrones followed suit and all earn the same — estimated at a shade under $1 million an episode for the sit-com and $500,000 for Thrones. Gray’s Anatomy heroine Ellen Pompeo also got in on the act when she renegotiated her contract to boost her pay to $20 million a year, or $575,000 per episode.

A star’s value to Hollywood, says Silverstein, is determined not by his or her talent or even commercial potential but by what is known as their “quotes” — whatever amount of money they earned on their last project.

Foy, 33, was already making a name for herself in British costume drama, with roles in Upstairs Downstairs and Wolf Hall, when she was tapped to play the queen but her star profile was slightly lower than Smith’s.

Critics argued on Twitter that the pay discrepancy should only have shown up in the first season, before Foy was garlanded with awards and acclaim.

“This is how TV works. People who are getting a break and don’t have quotes make less than people who do,” Judd Apatow, the veteran filmmaker behind more than 40 movies, tweeted in reaction to the Foy story.

He described pay negotiations as “a scary game of chicken” and said Foy’s pay would have been determined by “her willingness to walk away if the rate offered is not acceptable to her.”

“It is usually not about gender. It is often illogical,” the veteran producer of The Big Sick, Trainwreck, and Bridesmaids added.

“She should have gotten that raise for (the) second season, for sure. They always make you fight an ugly battle for it.” — AFP

Manila Water acquires minority stake in Thai company for P8.6 billion

MANILA WATER Co., Inc. on Thursday said it has completed the deal to acquire a minority stake in a Thai company for P8.6 billion.

Ferdinand M. dela Cruz, Manila Water president and chief executive officer, described the acquisition of Eastern Water Resources Development and Management Public Co. Ltd. (East Water) as “effectively cementing our entry into Thailand.”

“This perfectly aligns with our internationalization strategy, as we place primary focus on Southeast Asia,” he said in a statement.

Manila Water bought an 18.72% stake in East Water for 5.23 billion Thai baht or around P8.6 billion.

Manila Water told the stock exchange that the deal took place after the close of the Thailand stock market on March 14, 2018 following the confirmation by the Thailand Ministry of Commerce of the appointment of Virgilio C. Rivera, Jr. as a member of the board of directors of East Water.

Mr. Rivera is Manila Water’s new business operations chief operating officer, and chairman of the board of Manila Water (Thailand) Co. Ltd.

“With Mr. Rivera representing us on East Water’s Board of Directors, we are very excited to work with East Water on the many growth opportunities we see in the pipeline,” Mr. Dela Cruz said.

Manila Water said with the acquisition, earnings contribution from East Water would immediately be recognized in Manila Water’s books.

East Water provides raw water supply to three provinces, operates seven tap water concessions, and provides water service to several industrial estates. These areas cover 13,285 square kilometers, which is almost as large as Calabarzon, the region made up the provinces of Cavite, Laguna, Batangas, Rizal and Quezon. — Victor V. Saulon

Interest rises in government work

MORE FILIPINOS are looking to join the government this year, citing job security in the civil service, online recruitment site JobStreet.com said, citing the results of a survey.

The survey was conducted late last year. JobStreet said 16,425 respondents participated, with 80% indicating their interest in working for the government, with only 1% saying they have completely ruled out the civil service.

Job security was the top reason for interest in government work, followed by retirement benefits and the potential for career growth.

Respondents worked in Business Process Outsourcing, retail, manufacturing, real estate, banking, information technology, construction and food and beverage.

JobStreet.com Philippines country manager Philip A. Gioca told reporters on Thursday at a forum that the company hopes to sign a memorandum of agreement (MoA) with the government on recruiting.

“We were having talks and we hope to find a real good arrangement with the civil service,” he added.

Mr. Gioca said that the Civil Service Commission is currently working on the MoA to make JobStreet its venue for advertising government jobs.

He added that this would mean “about 30 million jobs that can be posted in a year from the government.”

JobStreet will be launching a trial with the Civil Service Commission to measure initial interest in government jobs. Of the 97,000 job postings on the site, 10,000 are government positions.

Mr. Gioca said that of all the government agencies, interest was most pronounced in the Bureau of Internal Revenue.

“A lot of lawyers and accountants want to work for BIR. Really, and if you ask them why, it’s because they feel that if they go and joined BIR, a lot more can be done about corruption,” he added.

Other agencies highly sought out by the respondents were the Social Security System for its retirement benefits and the Department of Public Works and Highways. — Anna Gabriela A. Mogato

Microsoft women filed 238 discrimination and harassment complaints

SAN FRANCISCO — Women at Microsoft Corp. working in US-based technical jobs filed 238 internal complaints about gender discrimination or sexual harassment between 2010 and 2016, according to court filings made public on Monday.

The figure was cited by plaintiffs suing Microsoft for systematically denying pay raises or promotions to women at the world’s largest software company. Microsoft denies it had any such policy.

The lawsuit, filed in Seattle federal court in 2015, is attracting wider attention after a series of powerful men have left or been fired from their jobs in entertainment, the media and politics for sexual misconduct.

Plaintiffs’ attorneys are pushing to proceed as a class action lawsuit, which could cover more than 8,000 women.

More details about Microsoft’s human resources practices were made public on Monday in legal filings submitted as part of that process.

The two sides are exchanging documents ahead of trial, which has not been scheduled.

Out of 118 gender discrimination complaints filed by women at Microsoft, only one was deemed “founded” by the company, according to the unsealed court filings.

Attorneys for the women described the number of complaints as “shocking” in the court filings, and said the response by Microsoft’s investigations team was “lackluster.”

Companies generally keep information about internal discrimination complaints private, making it unclear how the number of complaints at Microsoft compares to those at its competitors.

In a statement on Tuesday, Microsoft said it had a robust system to investigate concerns raised by its employees, and that it wanted them to speak up.

Microsoft budgets more than $55 million a year to promote diversity and inclusion, it said in court filings. The company had about 74,000 US employees at the end of 2017.

Microsoft said the plaintiffs cannot cite one example of a pay or promotion problem in which Microsoft’s investigations team should have found a violation of company policy but did not.

US District Judge James Robart has not yet ruled on the plaintiffs’ request for class action status.

A Reuters review of federal lawsuits filed between 2006 and 2016 revealed hundreds containing sexual harassment allegations where companies used common civil litigation tactics to keep potentially damning information under wraps.

Microsoft had argued that the number of womens’ human resources complaints should be secret because publicizing the outcomes could deter employees from reporting future abuses.

A court-appointed official found that scenario “far too remote a competitive or business harm” to justify keeping the information sealed. — Reuters

eCompareMo uses AI to help loan, card seekers

C88 FINANCIAL Technologies Pte Ltd., owner and operator of website eCompareMo, is using artificial intelligence and data technologies to serve its customers as it looks to launch products to help Filipino consumers looking to tap financial services.

In an event in Makati City on Thursday, Mercedes M. Limson, Chief Commercial Officer of eCompareMo, launched its chat-bot dubbed as Alex.

Powered by artificial intelligence (AI), Alex can “chat” with eCompareMo’s customers who wish to cross-check and avail of financial products such as loans, credit cards and insurance policies offered by partner banks and insurers.

Aside from communicating with customers, Alex can also validate documents and identification cards, as well as cross-sell other financial products.

“Our chat-bot will also offer products that is related to your needs, and then give you alerts should you need to, say, update your insurance,” Ms. Limson said in a roundtable discussion with reporters, adding that the AI technology was built in-house and is proprietary.

John Patrick Ellis, C88 Group chief executive officer and co-founder, emphasized the importance of AI technology to their system.

“We believe that [AI] will be able to solve our customers’ needs 24/7. A lot of customer questions are very standard, so this can be automated,” Mr. Ellis said.

“AI also reduces costs. You don’t need to necessarily have people on standby.”

Meanwhile, eCompareMo is set to launch its own credit scoring service “in the coming weeks.”

“We are now in the process of fine-tuning this. It’s something we’re all going to be ready for commercial launch in the Philippine market in the coming weeks,” Mr. Ellis said.

Ms. Limson said they started developing their own credit scoring system “because of the voluminous data that [they] have been getting.”

However, she clarified that their own credit score is not meant to replace the systems of their partner institutions.

“Developing our credit score is by no means meant to replace the credit department of our partners, but rather, it is meant to provide them with additional information that the can use so they can handle the risks more efficiently,” she said.

For his part, Mr. Ellis said their approach to scoring their customers differs from the “judgmental” method.

“Different banks have different ways of doing things. In general, the industry look at an individual statistically; they’re looked at judgmentally… We need to be able to move into statistical scoring rather than judgmental. This [prevents] a lot of error and is fair for customers and reduces financial institutions’ costs also.”

eCompareMo is also set to offer wealth management into their platform.

Launched in the Philippines early in 2015, eCompareMo.com is a comparison portal aimed at Filipinos looking for quick banking and insurance information.

Customers are provided with information about their preferred credit card, loan or insurance policy to help them find the product that suits them.

In 2016, Australian telecommunications firm Telstra Corp.’s venture capital unit has invested in C88, its first investment in a technology start-up in the Philippines.

Aside from eCompareMo, the Singapore-based C88 also owns and operates financial portal CekAja and e-brokerage services provider Premiro, both in Indonesia. — Karl Angelo N. Vidal

DM Wenceslao to develop 9 projects over 5 years

PROPERTY developer DM Wenceslao and Associates, Inc. has lined up nine projects in Metro Manila over the next five years, in a bid to beef up its sources of recurring income.

In a statement issued Thursday, DM Wenceslao said it will develop three residential projects with a total saleable floor area of 88,000 square meters (sq.m.) alongside six commercial projects with a total leasable area of 280,000 sq.m.

DM Wenceslao will be embarking on its first residential project called Pixel Residences located in Aseana City, the company’s mixed use business district in Parañaque City. The company expects to complete Pixel Residences by October 2019.

“We are also in a good position to avail of construction opportunities available in this golden age of infrastructure,” DM Wenceslao Chief Executive Officer Delfin Angelo Wenceslao said in a statement.

This will bring the number of projects under DM Wenceslao’s portfolio to 16, as it has completed seven properties with a total leasable floor area of 59,027.9 sq.m. by the end of 2017.

The company reported a net income of P1.56 billion in 2017, following revenues of P3.01 billion. Majority of the DM Wenceslao’s projects are located in Aseana City, its 204-hectare flagship project.

The company has so far developed around half of Aseana City’s total land bank.

DM Wenceslao recently filed for a P15.5-billion initial public offering with the Securities and Exchange Commission. Here, the company will be offering up to 679.172 million shares to the public, with an overallotment option of up to 101.876 million shares, priced at P22.90 each.

The company looks to debut on the Philippine Stock Exchange’s main index under the ticker “DMW” by June 1, pending the approval of the SEC and the PSE. Proceeds of the offer will fund the nine projects it has lined up, infrastructure development in Aseana City, and other corporate purposes.

The property developer has tapped BPI Capital Corp. and Maybank Kim Eng Securities, Pte. Ltd. as the joint global coordinators and book runners of the offer, while the latter will serve as the international lead manager and underwriter. — Arra B. Francia

Students get to travel with Juan For Fun

CEBU PACIFIC’s one-of-a-kind backpacking trip, Juan For Fun, returns for a 7th year in 2018, boasting of more accessible mechanics for joining so as to engage more people, particularly young travelers, to use travelling as a platform for learning.

Started out as a backpacking challenge for media personalities, the Juan For Fun campaign has evolved through the year, and today focuses on students to make their knowledge of the world better-rounded.

And that thrust continues for the airline this year, with the Juan For Fun 2018 Epic Tour, which will take winners/participants to any destination in the Philippines for seven days — May 23-29 — for free.

“We always believe that the best way to learn is through experience and that there are certain things that students cannot learn within the confines of the classroom. We always we believe that with Juan For Fun we are giving the students an opportunity to open up their minds,” said Candice Iyog, Cebu Pacific vice-president for Marketing and Distribution, at the launch of Juan For Fun 2018 on March 13, as she spoke of the base that keeps them going with the campaign.

“They (students) have the energy and have the most to gain with this experience. It can potentially change their lives,” she added.

Unlike previous iterations of the campaign, this year’s Juan For Fun is doing away with the audition video requirements and is instead asking people to nominate someone they think is deserving of an epic tour.

It can be done through www.juanforfun.ph with the deadline set for March 31.

Nominees must be 18 to 23 years old; Filipino citizens residing in the Philippines; and enrolled either in senior high school, an undergraduate or postgraduate program in a school, college or university in the Philippines for the current school year, or have graduated or are graduating in 2018.

They may be nominated by family, relatives, friends, or themselves to be eligible for the free trip.

Once chosen, five winners will have the chance to bring along two companions each for the week-long, all-expenses paid trip around the Philippines.

To aid and guide the winners in their adventure, Cebu Pacific has selected Juan For Fun travel coaches, namely Becoming Filipino’s Kyle “Kulas” Jennerman, travel writer Jude Bacalso, celebrity and travel vlogger Bea Binene, celebrity and social medial personality Baninay Bautista, as well as YouTube vloggers and personalities Wil Dasovich and Kimpoy Feliciano.

“In the past six years, what we found the most fulfilling was how much the participants transformed after the trip. Whether it was their first time riding a plane, or first time to travel with friends, Juan for Fun opens up this new world of possibility, and makes them learn about themselves and the world,” Ms. Iyog said.

For more information, visit www.Facebook.com/CebuPacificJFF. — Michael Angelo S. Murillo

Rewriting the Stars

Theater Review
Silent Sky
Presented by Repertory Philippines
Directed by Joy Virata
March 16, 17, 23, 24 at 8 p.m.;
March 17, 18, 24, 25 at 3:30 p.m.
Onstage Theatre, Greenbelt 1,
Paseo de Roxas St., Makati City

By Sujata S. Mukhi

PASSION AND CONSISTENCY. These are the two traits that director Joy Virata shares with the lead character of Repertory Philippines’ current offering, Silent Sky. Through her decades-long involvement with Repertory Philippines, Ms. Virata is indefatigable as an actor, relentless in her insistence on quality productions as Artistic Director, and personally committed to enhancing the theatrical experience of the youth by developing them as audience, production, or performer as VP for the Repertory Theater for Young Audiences.

Her years in theater have not dimmed her instinct nor raw enthusiasm for theatrical gems. Ms. Virata had gotten hold of the Silent Sky script some time last year and felt compelled to stage it, in the same way that playwright Lauren Gunderson needed to shine a light on Henrietta Leavitt, a real hidden figure from the male-dominated field of Astronomy in the early 1900s. All very apt for National Women’s Month.

And what an uplifting production this is. Ms. Virata has gathered a stellar ensemble that beam with varying luminosities to give way to Cathy Azanza-Dy’s hearty interpretation of the title role. She is, after all, playing a woman whose rigorous work became the basis for later astronomers to measure, well, only the vastness of the universe.

Henrietta wants nothing more than just to have it all. Defying convention and expectation, and, most difficult of all, defying her conservative sister Margaret (Caisa Borromeo) who bristles at women who wear pants and who fight for the right to vote, Henrietta sets her sights to the heavens. The closest to that on earth is a job under renowned Astronomer Edward Charles Pickering at the Harvard Observatory in Cambridge, Massachusetts.

With neither beau nor husband on her arm, Henrietta is nevertheless armed with a Bachelor’s degree with units in Astronomy from Radcliffe, summa cum laude if you please. Upon arrival at the Observatory, Henrietta is at first affronted when told by her colleague Peter Shaw (Topper Fabregas) that her work is relegated to being a human “computer” to measure and catalog the stars. “To do your math?” she incredulously asks. Together with other women who comprise “Pickering’s harem,” she is told that she would look at the observatory’s photographic plates and record what she would see. But being a woman, she would never be allowed to operate the Great Refractor, one of the world’s biggest telescopes at that time. “What about working on our own ideas?” she impatiently asks the head of the department, Annie Cannon (Shiela Francisco). Annie sternly responds, “If doing what has never been done before sounds unimportant to you, uninspired, I’d leave before you are asked to… we collect, report, and maintain the largest stellar archive in the world. And we resist the temptation to analyze it.”

Of course we know that line portends the exact opposite. In her years at the Observatory, Henrietta, through her judicious study of the photographic plates, eventually makes a startling discovery about certain types of stars called Cepheids. In a rousing scene that makes a case for integrating art and science in all schools, Henrietta gets her eureka moment by drawing parallels between her sister’s musical composition and the pulsation of the stars. Her discovery would eventually form the basis for literally measuring the breadth of the universe, thought at that time to be limited by the size of our galaxy, the Milky Way. Henrietta Leavitt rewrote how stars had till then been written about.

I will refrain from further scientific explanations beyond my own understanding, but suffice it to say that Ms. Gunderson so very deftly weaves the technical, the witty, and the intimate in the characters’ conversations. We are blown away rather than baffled. And there’s an inevitable, but wholly organic drawing out of metaphors between connecting starry dots and connecting the dots of events in these characters’ lives.

Henrietta’s success is bolstered by a sisterhood bound by blood with Margaret, and by ideals with colleagues Willamina (Naths Everett) and Annie. Both Willamina Fleming and Annie Cannon themselves were respected real-life astronomers, who with Pickering designed a stellar classification system. “You created a standard!” Henrietta says breathlessly, a fangirl in the presence of scientific geniuses whose names are never mentioned in her sacred textbooks.

Ms. Everett and Ms. Francisco are terrific as Henrietta’s cohorts, in cahoots to help her fulfill her ambition. Ms. Everett gets the best lines, said under the breath or with a naughty, naughty twinkle. She is full of surprises in whatever role she takes. Ms Francisco is solid, and consistent.

As Henrietta becomes more immersed in her starfield in Harvard, her sister Margaret back home in Wisconsin grows into her life of wifehood, motherhood, and caregiver to their aging father. The staging of their letter exchanges, and the cadences of their delivery are completely engaging. What starts off as sisterly banter ends up in cold silence as Henrietta loses touch with her family. Ms. Borromeo is so on point in whatever part of the emotional spectrum her character happens to be. Worried when her sister leaves, resentful when she feels abandoned, righteous in her faith, angry at being overwhelmed with responsibility. But the love she embraces her sister with toward the end is stalwart and pure. And she has the singing voice of an angel. The dialogue between the sisters on faith in God and faith in Grand Observation is both intimate and cosmic and natural.

Topper Fabregas as the bumbling Peter Shaw is entirely watchable and amusing. He too rides the waves of his character’s feelings towards Henrietta. Peter Shaw is fictional, though. The angle provides good material for starry reflections on life, and shows Henrietta to be not such a loser when it comes to love, even if she doesn’t get the guy.

The support from the cast gives Ms. Azanza-Dy the inner space to explore Henrietta in all her frailty and glory. When Peter confesses to Willamina that he too yearns to have Henrietta’s sense of wonder at finding or discovering something, we know what he’s talking about because we see it in Ms. Azanza-Dy’s almost lusty desire to learn and see what no one else does. At a later point when Peter calls her not by her given name, but reverts to Miss Leavitt, and claims the finiteness of the universe, you see the dismay and heartbreak in her eyes.

The play makes scathing swipes at gender inequality, set at the turn of the century when suffragists, or those who favored women to have the right to vote, were considered troublemakers. Henrietta demanded to be recognized for her groundbreaking work on star mapping, constantly facing an uphill battle in a man’s world for acknowledgment. But it’s to the writer’s slight discredit that Henrietta’s deafness, a condition that developed in her adult years, was hardly given any emphasis except in a line or two mentioned, or when she would show her neck loop hearing aid that would amplify sound like a microphone. In this day and age when inclusion is the transformed version of #MeToo, Henrietta Leavitt could have also been presented as a significant role model for audiences from the deaf community. It also turns out that Annie Cannon had hearing loss, never mentioned in the script. But it’s also highly possible that there may not be much historical information as source material to expound on this aspect of their lives.

The set transformed through space and time. A church façade, seamlessly fades into an attic office. Then with just a suggestion of railings, becomes a deck on a cruise liner. And we are constantly treated to a silent sky of twinkling twinkling little stars.

But at the end of this review, we must exult at that transcendent final scene. There is no death, only the constancy of light. As Henrietta shimmers in her final moments, becoming a literal star, the orchestration of light, shadow, mist and silhouette was utterly, breathtakingly magical. My only wish is to trust the audience a tad more and hold the sound of silence for an extended period of time before the sound of the universe hums in. In those moments of silence, the sky would then indeed be perfect in its silence.

Tickets are available at TicketWorld (www.ticketworld.com.ph) and at the gate.

Draghi’s predictability pledge raises need for clarity on rate moves

MARIO DRAGHI’S promise to avoid surprising investors as the European Central Bank (ECB) heads for the stimulus exit will require him to be clearer on an old-fashioned policy tool that hasn’t been touched in two years: interest rates.

The ECB president opened a conference in Frankfurt on Wednesday by saying policy adjustments will be “predictable, and they will proceed at a measured pace.” While the immediate task is to decide when to stop bond purchases, the real uncertainty lies in the institution’s vague expectation that borrowing costs will stay at current levels until “well past” the end of that program.

“A clear calendar guidance as to planning of the first hike and potentially the pace thereafter, which has already started but could still become a bit clearer, would be warranted,” Elga Bartsch, chief European economist at Morgan Stanley, said in a panel discussion at the event.

The reason for the focus on rates is that quantitative easing (QE) looks close to being maxed out. The ECB will buy debt until at least September at €30 billion ($37 billion) a month, and last week dropped a pledge to increase that pace if the economy deteriorates.

That signals the program is unlikely to grow much bigger than the currently intended €2.55 trillion.

Most economists predict purchases will end this year. The ECB’s internal staff calculations presented to the Governing Council last week assumed asset buying will total €30 billion in the fourth quarter, according to euro-area officials familiar with the matter.

QE remains critical in that the clock won’t start ticking on an interest-rate hike until fresh asset purchases — maturing debt will continue to be reinvested — come to a halt. At the moment, market pricing indicates that rates will rise about six months after that point, though that could change.

“Current ECB rhetoric is probably most consistent with a first rate increase in June 2019,” Greg Fuzesi, an economist at JPMorgan Chase & Co., said in a note. “But we see real scope for positive surprises to eventually pull this forward to March.”

The deposit rate has been at minus 0.4% since March 2016, and the main refinancing rate has been at zero.

Benoit Coeure, the ECB board member in charge of market operations, said last month that QE holdings are now so large that additional purchases can be slowed without boosting bond yields — but only if the guidance on interest rates is strengthened.

His colleague Peter Praet, the institution’s chief economist, reiterated at the Frankfurt conference that the language on rates will need to be further “specified and calibrated,” while warning that the process must be gradual.

“In the absence of perfect or complete knowledge about the way market participants will react to the announcement of monetary-policy changes, it may be optimal to adjust policy more cautiously and in smaller steps than if we had perfect knowledge,” he said.

Governing Council member Francois Villeroy de Galhau said on CNBC on Thursday that the ECB won’t pre-commit on when progress on inflation has been judged sufficient to end asset purchases.

Central-bank chiefs frequently say they have no desire to surprise investors, but do so anyway. Ben Bernanke sparked a “taper tantrum” of rising yields in 2013 when he first floated the idea of tapering the US Federal Reserve’s QE program. Draghi caused a mini-tantrum last year in Sintra, Portugal, when his reference to reflationary trends was interpreted as unexpectedly hawkish.

For some at the conference, QE has been a diversion as the ECB waited for its other measures to boost the euro-area economy and put inflation back on track toward its goal of just under 2%.

“QE was a big success, a publicity stunt, a placebo”’ said Daniel Gros, director at the Center for European Policy Studies. “You give the markets a sugar pill, they take it, they feel better, and that’s how a placebo works. It can at times be very effective, as we know, but usually the impact is transitory and not permanent.”

Draghi said the ECB has proven that its forward guidance is credible. That claim looks set to be tested as the economy grows and the institution edges toward the next policy change, though some of the responsibility will fall on his successor. Draghi’s eight-year term, which started back in 2011 with an immediate rate cut, ends in October 2019.

“The outlook for ECB policy over the next 18 months or so has never been so clear,” said Richard Barwell, an economist at BNP Paribas Asset Management. “And then once Draghi rides off into the sunset and there is a new sheriff in town all bets are off. It’s very hard to know how fast they exit or even how they exit.” — Bloomberg

France to sue Google, Apple over developer contracts

PARIS — France said on Wednesday it will take Google and Apple to court and seek fines of €2 million ($2.5 million) over what it termed “abusive” contractual terms imposed by the tech giants on start-ups and developers.

Finance Minister Bruno Le Maire told RTL radio he had been made aware that Apple, Inc. and Alphabet, Inc.’s Google unilaterally imposed prices and contract changes on developers selling software on Google Play and Apple’s App Store.

“I will therefore be taking Google and Apple to the Paris commercial court for abusive trade practices,” Le Maire said.

“As powerful as they are, Google and Apple should not be able to treat our startups and our developers the way they currently do.”

France’s DGCCRF consumer fraud watchdog confirmed in a subsequent statement that it had begun legal action against the US technology groups.

Google spokeswoman Mathilde Mechin said: “We believe our terms comply with French laws and are looking forward to making our case in court.” An Apple spokeswoman did not respond to requests for comment.

Le Maire also said he expected the European Union to close tax loopholes that benefit Google, Apple, Facebook and Amazon by the start of 2019. Brussels is currently examining measures to improve the taxation of overseas tech giants’ online business in European markets. — Reuters

SEC warns vs investing in Onecash, PBB150

THE Securities and Exchange Commission (SEC) has advised the public against investing in Onecash Trading and PBB150 Trading, saying the two firms are not registered with the commission.

In an advisory posted to its website, the SEC warned the investing public against Onecash Trading, which claims to give as much as a 200% return of investment in just eight weeks. The platform can be found on social networking site Facebook, where investors are asked to pay an enrollment fee of P1,000. From there, members can build up their investment by inviting more people into the network.

In a separate advisory, the commission also advised the public against investing in PBB150 Trading. The investment scheme also operates through a Facebook account, offering users a digital currency called Kringles at P55 each. PBB150 Trading claims that investors have a guaranteed 120% cashback from a minimum investment of one Kringle within two weeks.

Since both firms are not registered with the commission, they likewise have no authority to solicit investments from the public.

The SEC said that people involved in both firms may be prosecuted and held criminally liable under the Securities Regulation Code, where they can be penalized up to P5 million, or be imprisoned by up to 21 years. — Arra B. Francia