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6 Takeaways From the Christopher Reeve Documentary ‘Super/Man’

The documentary “Super/Man: The Christopher Reeve Story” traces the life of the Juilliard-trained actor who found megastardom in the 1970s and ’80s playing Superman, and in 1995 as a different kind of hero, after an accident left him paralyzed from the neck down. It features never-before-seen footage of Reeve, who died in 2004 at 52, chronicling his early days; his pivotal friendship with his Juilliard roommate, Robin Williams; and his transformation, in a wheelchair and on a ventilator, into a leading disability and research advocate. Friends like Glenn Close, Susan Sarandon, Whoopi Goldberg and John Kerry offer their observations; disability rights activists do, too. It’s a thought-provoking tear-jerker.

It also doubles as a family movie, showing Reeve in his role as a father to his three children — Matthew Reeve and Alexandra Reeve Givens from an early relationship that he fled at the height of his fame, and Will Reeve, his son with his wife, Dana Reeve. With unwavering support, she largely gave up her career as a singer and actress to care for her husband. She died of cancer in 2006, just 18 months after him, leaving behind their son, then 13.

The compounded tragedy is leavened by the hope that Reeve embodied, especially with the Christopher & Dana Reeve Foundation, which has invested $140 million in the search for a cure for spinal cord paralysis. The film — which arrived in theaters 20 years after Christopher Reeve’s death, almost to the day — chronicles their determination, and doesn’t flinch from the darkest moments, including money worries and the relentlessness of day-to-day caregiving.

The unvarnished approach — and the timing, with Reeve’s children having reached solid footing as adults — led the siblings to agree to the project after years of turning down other offers, said Will Reeve, 32, a correspondent for ABC News and a look-alike to his father. They hoped their home movies and archival material “would provide a deeper meaning and greater texture to his story,” he said, “and remind folks of the fullness of life that one can have, despite whatever catastrophic injury they may suffer, whatever disability they may have.”

In a video interview from London, where they’re based, the filmmakers Ian Bonhôte and Peter Ettedgui discussed their rationale for not putting Reeve “on a pedestal,” as Ettedgui described it. “It was really important to show how someone who you might think of as being somehow perfect — the ideal hero — how they experience the same insecurities, the same family issues that the rest of us might,” he said.

Here are some takeaways from the film.

Reeve found megastardom playing Superman.Credit…Alamy, via Warner Bros.

State of the Union: Zelenskyy’s attempts to drum up new support

For weeks now, Europe is anxiously looking at its number one economic powerhouse, Germany – to be more precise: at the country’s ailing car manufacturers, some of Germany’s industrial pillars.

A serious car crisis in the Federal Republic, triggered by a quasi-collapse of the electrical vehicle market, could have severe consequences elsewhere in the EU.

Threats of historic job cuts, plant closures at Volkswagen and plunging earnings at Mercedes-Benz and BMW prompted emergency talks at Berlin’s economy ministry this week.

But given strained federal finances and fights with China over tariffs, the government’s toolbox is rather empty.

Nonetheless, economy minister Robert Habeck expressed his willingness to help but excluded quick fixes: “Everyone has said that planning is the most important thing. And that means long-term planning. Not a flash-in-the-pan action, because this only has the effect of pumping up the market again in the short term and then possibly collapsing again.”

Germany is in the uncomfortable position today to be forced to re-orient its entire manufacturing sector that depended on cheap Russian energy.

You can already hear Ukraine’s president Zelenskyy shouting: “I told you so!”

Zelenskyy was at the United Nations this week to drum up support for what he called his “victory plan”.

He also reacted to pleas from the European far-left and far-right to negotiate with Russia:

“We know some in the world want to talk to Putin. We know it. To meet, to talk, to speak. But what could they possibly hear from him? That he’s upset because we are exercising our right to defend our people, or that he wants to keep the war and terror going just so no one thinks he was wrong.”

How the Ukrainian economy keeps suffering from the war was detailed this week by the latest outlook from the European Bank for Reconstruction and Development.

The EBRD covers not only Ukraine, but large parts of eastern Europe and central Asia. The bank’s findings are an important bellwether for the global economy.

We spoke to Beata Javorcik, the chief economist of the EBRD.

Euronews: So, your latest Regional Economic Prospects report is called “Along the adjustment path” – that sounds like a friendly way of saying “It’s disappointing”. What do the economies you invest in need to adjust to?

Javorcik: Well, the situation in Europe remains quite challenging. We continue to have very high prices of energy. Particularly the price of natural gas is five times as high as in the US. The demand for exports, particularly from Germany, is muted. Given the difficult situation of the German economy and, finally, the costs of borrowing continue to be high, there is this extra risk premium, this extra interest rate. Countries in the regions had to pay when the war in Ukraine started. And this risk premium continues to be there.

Euronews: On the upside are a decline in inflation and an increase in real wages. What exactly happened?

Javorcik: Well, by historical standards we have seen a very fast disinflation process, though of course the adjustment is not done yet. Inflation remains above the pre-COVID level, but on the positive side we have managed to avoid a hard landing. So, this fight with inflation has come without very big unpleasant effects in terms of unemployment. As the inflation episode started, we saw a big decline in real wages, but then real wages started catching up. That was visible in the last few months in the last year. They are not yet back to the pre-COVID trend, but they have certainly caught up in a significant way.

Euronews: I guess there are still some remaining inflationary pressures – what are they?

Javorcik: Inflation still remains high in some countries, such as Turkey or Egypt, still in high double digits. And depreciation of domestic currencies, which has made imports more expensive, has contributed to further inflation.

Euronews: One country is still in the spotlight: Ukraine. How are they coping with the ongoing war economically?

Javorcik: Well, despite the war early this year, so in the first quarter, Ukrainian economy managed to grow very fast. The bleak Black Sea corridor allowed Ukraine to export grain as well as metals and ores. But then this heavy bombing and destruction of electricity infrastructure happened. And that made the situation very difficult. There are rolling blackouts. There are shortages of electricity. The country is importing electricity from Europe, but it comes at a higher cost. And that’s weighing down on the economy.

Bitcoin Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement

Cryptocurrencies sharply rebounded on Friday from the previous day’s lows with bitcoin (BTC) retaking $63,000 as investors quickly shrugged off worries over slightly hotter inflation readings, turning their attention to a fiscal policy update from China on Saturday.

Bitcoin, the leading crypto asset by market capitalization, shot up 7% from Thursday’s trough below $59,000 after the hotter U.S. CPI inflation report, bucking this week’s trend of giving up gains during the U.S. trading hours. Recently, BTC was up 5.5% over the past 24 hours, outperforming the broad-market CoinDesk 20 Index’s (CD20) 4.7% advance.

Tokens from Solana (SOL), Avalanche (AVAX) and Render (RNDR) were the leaders among altcoin majors with 6%-8% gains. The only token of the CD20 index with a negative daily return was Uniswap (UNI), which slightly shed some of its Thursday gains that were spurred by the decentralized exchange’s plan to launch its own layer-2 network.

The crypto rally happened as equities also gained, with the Dow Jones Industrial Average and S&P 500 closing the week at record highs. The U.S. dollar index paused below 103 after steeply strengthening over the past week as traders repriced expectations of further Federal Reserve interest rate cuts following solid U.S. jobs reports and hotter inflation readings.

Crypto-related stocks also reflected the positive sentiment. Bitcoin miners including MARA Holdings (MARA), Riot Platforms (RIOT) and Bitdeer (BTDR) soared 5%-10%, while U.S. crypto exchange giant Coinbase (COIN) ended the day up 7%.

MicroStrategy (MSTR), the largest corporate holder of BTC with nearly $16 billion of the asset, surged 16% to its highest price since March 2000. The company’s share price premium versus its bitcoin holdings also broadened to the widest since 2021.

China fiscal policy update may move crypto

Macroeconomic factors influencing crypto prices have shifted away from monetary policy to the U.S. election outcome, Coinbase analysts David Duong and David Han said in a Friday report.

The key catalyst for crypto volatility might be the upcoming China fiscal policy update by the finance minister slated for early Saturday UTC. Investors anticipate more financial stimulus for the ailing Chinese economy and financial markets, which could reverberate in the digital asset market, the Coinbase report noted.

“As most markets will be closed during this next briefing, we expect traders could turn to crypto markets as a way to express their (proxy) views on the size and strength of China’s fiscal announcements,” the authors said.

Markus Thielen, founder of 10x Research, noted that recent U.S. economic data shows a resilient economy and jobs market, allaying past concerns over an imminent recession.

“This sets the stage for risk assets to perform well into year-end, and it may take little to drive crypto prices higher,” Thielen said. “A significant move is likely on the horizon, and diligent traders will be well-positioned to capture it.”

Coinbase Shares Rise After Q2 Revenue Beats Wall Street Estimates Amid Falling Trading Volume

Coinbase (COIN) second-quarter revenuebeat the Wall Street analysts’ estimates slightly as the industry continues to recover from the crypto winter, sending the crypto exchange’s shares higher.

The crypto exchange said its second quarter total revenue was $1.45 billion versus average estimate of about $1.4 billion, according to FactSet. However, the second quarter adjusted Ebitda of $596 million came in lower than the consensus of $607.7 million.

Coinbase’s biggest source of income comes from transaction fees, which slipped 27%from the previous quarter as trading volume fell 28%. One of the bright spots for the exchange in the second quarter was the subscription and services revenue which grew 17% from previous quarter.

“On a Q/Q basis, subscription and services revenue benefited from higher average USDC on-platform balances and USDC market capitalization, as well as higher average crypto asset prices – notably SOL and ETH,” the firm said in a shareholders letter.

The exchange has been trying to diversify its revenue streams by becoming a crucial part of the spot bitcoin and ether (ETH) exchange-traded funds (ETFs) business, listing some of them and also acting as custodian.

Most recently, CoinDesk reported that the exchange is tapping into real-world assets (RWA) by planning on creating a tokenized money-market fund, a corner of finance that has become popular for asset managers.

Asset management giants BlackRock and Franklin Templeton have both tokenized one of their funds earlier this year. BlackRock’s BUIDL token surpassed $500 million in market value in less than four months of existence.

The stock rallied about 2% in the minutes following the report. It has gained 48% since the beginning of the year and has traded little changed over the past month.