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Lawmakers express outrage over surprise Fitch decision on August 2, 2023 at 7:58 pm Business News | The Hill

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The move by market agency Fitch Ratings to downgrade the United States’s debt rating has startled lawmakers and policymakers alike, who said Wednesday that they were perplexed by the move amid strong recent economic indicators.

In addition, news Wednesday that U.S. political instability reflected in the Jan. 6, 2021, insurrection at the Capitol was a factor in the downgrading has further confused the Beltway, which was already reeling from a third indictment of former President Trump.

Fitch downgraded its issuer default rating for the U.S. on Tuesday evening, surprising investors, roiling equity markets and sending bond yields higher Wednesday morning. 

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Treasury Secretary Janet Yellen was also vocal about the move by Fitch Ratings, slamming it on Wednesday as “flawed” and “entirely unwarranted.”

“Fitch’s decision is puzzling in light of the economic strength we see in the United States,” Yellen said in prepared remarks. “[The U.S.] remains the world’s largest, most dynamic, and most innovative economy — with the strongest financial system in the world.”

The agency cited the “erosion of governance” and “fiscal deterioration over the next three years” as reasons for the downgrade, also mentioning the debt ceiling default that nearly crashed the U.S. and global economy in June.

“You have the debt ceiling, you have Jan. 6. Clearly, if you look at polarization with both parties … the Democrats have gone further left and Republicans further right, so the middle is kind of falling apart basically,” Richard Francis, a senior director at Fitch, told Reuters.

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White House perplexed

The downgrade is being met with criticism from both parties, who don’t seem to be shying away from pointed partisan rhetoric despite the assessment of increasing polarization.

“We strongly disagree with this decision. The ratings model used by Fitch declined under President Trump and then improved under President Biden,” White House press secretary Karine Jean-Pierre said in a Tuesday statement.

“It’s clear that extremism by Republican officials — from cheerleading default, to undermining governance and democracy, to seeking to extend deficit-busting tax giveaways for the wealthy and corporations — is a continued threat to our economy,” she said.

“The United States faces serious long-run fiscal challenges. But the decision of a credit rating agency today, as the economy looks stronger than expected, to downgrade the United States is bizarre and inept,” posted former Treasury Secretary Larry Summers on X, the platform formerly known as Twitter.

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Conservative Republicans outraged

Rep. Blaine Luetkemeyer (R-Mo.) said in a Wednesday statement he had concerns about “Fitch’s history of subjective ratings” but also went after Democrats’ spending that he called “reckless.”

“Reckless fiscal policy that caused the inflation we’re still suffering is also harming confidence in our currency and treasuries. House Republicans understood this truth which is the reason Speaker [Kevin McCarthy] made countless attempts to start a dialogue with the White House months before the debt limit was reached,” Luetkemeyer said.

Other GOP members said that Biden’s recent legislative decisions were key in pushing Fitch into deciding the government could not work together.

“When Fitch specifically cited the problem of ‘last-minute’ resolutions, they may as well have noted Biden’s refusal to negotiate with Republicans for months, while insisting on even more wasteful spending,” House Ways and Means Committee Chairman Jason Smith (R-Mo.) said on Fox News on Tuesday.

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“President Biden’s brinksmanship — not to mention the $10 trillion in new spending he and Washington Democrats passed over the past two years — pushed America’s credit rating off the ledge,” Smith said.

“Now families and small businesses already dealing with soaring interest rates and lost wages from Biden’s inflation crisis will also have to face the consequences of a reduced confidence in America’s sovereign debt.”

Yellen says she didn’t understand the move

Yellen reiterated that the new Fitch rating “does not change what all of us already know: that Treasury securities remain the world’s preeminent safe and liquid asset, and that the American economy is fundamentally strong.”

The White House may be working on a proposal following the creation by Biden of a working group in July to look at ways to minimize debt ceiling brinkmanship.

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Interest groups in Washington have welcomed the working group’s efforts.

“President Biden should be commended for making reform of our broken debt limit process a priority,” Shai Akabas, executive director of economic policy with the Bipartisan Policy Center, a Washington think tank, said in a statement last month. 

“We urge him to work with congressional leaders from both parties on reform that will avoid the kind of brinkmanship we experienced earlier this year,” he wrote.

​Business, News, 2024 presidential election, debt ceiling, Fitch The move by market agency Fitch Ratings to downgrade the United States’s debt rating has startled lawmakers and policymakers alike, who said Wednesday that they were perplexed by the move amid strong recent economic indicators. In addition, news Wednesday that U.S. political instability reflected in the Jan. 6, 2021, insurrection at the Capitol was a…  

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Roselyn Omaka Leads Sinc Healthcare’s Nationwide Expansion in Remote Patient Monitoring

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Sinc Healthcare, a leader in the realm of remote patient monitoring and a sister company to UPL Care, is proud to announce Roselyn Omaka’s addition to their executive team. This significant move marks the expansion of Sinc Healthcare’s innovative Medicare-compliant services across all 50 states in the United States, underlining the company’s commitment to nationwide healthcare improvement.

With Omaka’s expertise, Sinc Healthcare is poised to extend its reach, offering cutting-edge remote patient monitoring services to healthcare providers and patients across the entire country. This expansion ensures that

no matter where patients are located, they have access to top-tier healthcare monitoring and support.

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Omaka brings a unique blend of biochemistry knowledge and business acumen to Sinc Healthcare. Her leadership is expected to drive the company’s commitment to legal compliance, maximize reimbursements for providers, and reduce hospital readmissions, crucial in today’s healthcare landscape.

Sinc Healthcare, under Omaka’s direction, embraces the technological advancements of AI and remote patient monitoring. This approach is set to revolutionize patient care, especially for those unable to make frequent in-person visits to healthcare facilities.

The expansion of Sinc Healthcare’s services nationwide means more healthcare providers can:

  • Offer enhanced patient care through remote monitoring.
  • Maintain operational efficiency and compliance.
  • Utilize data-driven insights for better patient outcomes.

Sinc Healthcare has been at the forefront of remote patient monitoring since 2014, with a zero lawsuit record, emphasizing its dedication to compliance and quality care. Its services are now available across all 50 states, making it a leading figure in nationwide healthcare innovation.

For additional information on Roselyn Omaka’s role and Sinc Healthcare’s expanded services, fill out this form.

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Comedy Filmmaking 101: How to Master Verbal Timing

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In the realm of filmmaking, every element contributes to the tapestry of your story, and among these, verbal timing stands as a powerful thread that can weave unforgettable moments into your narrative. In this comprehensive guide, we delve deep into the significance of the pause in filmmaking. Specifically, we explore how mastering the art of the pause can elicit audience reactions, enhance engagement, and immerse viewers in your storytelling.

Setting the Stage for Verbal Timing Before we dive into the nuances of the pause, it’s essential to lay a solid foundation by considering how it fits into the broader context of your film. Here’s how to prepare:

  1. Develop Vibrant Characters: Craft characters with distinct personalities, quirks, and dynamics to create meaningful interactions.
  2. Craft a Compelling Script: Your script should encompass moments of humor, drama, tension, and surprise, setting the stage for varied emotional experiences.
  3. Establish Pacing Rhythms: Align your pacing with the genre and overall tone of your film, ensuring a seamless flow that captivates your audience.

The Pause as a Narrative Device A well-executed pause serves as a narrative device that can be employed in various scenarios to heighten your storytelling:

  1. Comic Timing: In humorous scenes, a well-placed pause following a setup line amplifies the impact of the ensuing laughter.
  2. Dramatic Effect: During emotionally charged moments, pauses heighten tension and enable the audience to absorb the gravity of the situation.
  3. Suspense Building: In suspenseful or thriller genres, strategic pauses keep viewers on the edge of their seats, building anticipation.

The Emotional Pause To evoke specific emotional responses from your audience, consider these tips:

  1. Timing Variations: Experiment with pause lengths. A longer pause encourages deeper contemplation, while a shorter one maintains pacing.
  2. Character Reaction Shots: Capture character reactions after a significant line, showcasing the impact of the dialogue on the story’s emotional landscape.
  3. Dialogue Placement: Position critical lines just before a pause, allowing the audience to digest and react to pivotal information.

Timing for Humor In the world of comedy, timing reigns supreme. Maximize comedic impact with these insights:

  1. The Punchline Pause: Pause after delivering a setup to let the audience anticipate and relish the punchline.
  2. Timing Delivery: Practice diverse comedic delivery styles, rhythms, and pauses to identify what suits your script and characters best.
  3. Physical Comedy Integration: Don’t overlook the synergy between verbal timing and physical comedy, as they can enhance each other’s humorous effect.

The Unexpected Pause Surprise your audience with an unexpected pause to create memorable cinematic moments:

  1. Subverting Expectations: Deviate from anticipated pacing to catch viewers off guard, generating intrigue and excitement.
  2. Plot Twists: Before revealing a plot twist or shocking revelation, pause to amplify its impact, leaving a lasting impression.

The Power of Editing Verbal timing isn’t solely reliant on actors’ delivery during filming; the editing process plays a pivotal role:

  1. Adjusting Pace: Fine-tune dialogue timing in the editing room by trimming or extending pauses to achieve the desired effect.
  2. Sound Design: Collaborate with your sound team to enhance pauses with ambient sounds, music, or silence, further immersing the audience.
  3. Testing and Feedback: Seek feedback from test audiences to gauge the effectiveness of your verbal timing choices. Analyze moments where the pause successfully elicited the desired reaction and where refinements may be necessary.

Mastering verbal timing in filmmaking demands practice, creativity, and a profound understanding of storytelling. By weaving the power of the pause into your narrative, you can engage your audience emotionally, craft unforgettable comedic moments, and intensify the impact of dramatic sequences. Remember, the pause isn’t just about silence—it’s a dynamic tool that enriches your storytelling and invites the audience deeper into your cinematic world. Embrace this art, and witness your filmmaking skills flourish, leaving audiences eagerly awaiting your next project.

Check out “10 Reasons Why Promoting Your Films Through Video Marketing Is Invaluable for Attracting Investors.”

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For tickets to the February 10th, 2024 Houston Comedy Film Festival and film submissions, visit our website.

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10 Reasons Why Video Marketing is Essential for Your Brand’s Success

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In today’s digital age, video marketing has become a cornerstone of successful branding and audience engagement. Here are 10 compelling reasons why incorporating video into your marketing strategy is essential for your brand’s success:

  1. Explosive Growth Potential: With 70% of ‘non-video-marketers‘ planning to start online video marketing in 2023, it’s evident that video is the future of marketing.
  2. Global Reach: Over 3.1 billion people watch videos online daily, allowing your brand to connect with viewers worldwide.
  3. Influential Purchasing Decisions: Globally, 64% of customers make purchases after watching a brand’s social videos, highlighting video’s impact on consumer behavior.
  4. Short-form Engagement: Short-form videos are preferred by 73% of users when learning about products or services. Engage your audience with concise and captivating content.
  5. Conversion Power: A staggering 78% of consumers claim that watching a video influenced their purchasing decisions, makingvideo a persuasive tool.
  6. Customer Acquisition: 93% of companies have acquired new customers through social media videos, showcasing video’s ability to attract and convert.
  7. Boosted Conversions: Adding video to landing pages can increase conversion rates by an impressive 86%, guiding your audience towards action.
  8. Preferred Learning: 69% of people prefer video over text when learning about products, providing an immersive and memorable experience.
  9. Instagram Success: Instagram videos are a game-changer for marketers, with 88% reporting success. Utilize this platform forcaptivating content.
  10. Brand Awareness: 95% of businesses have improved brand awareness through video marketing, leaving a lasting impression. (Source: Various)

Incorporating video into your marketing strategy is more than just a trend; it’s a powerful tool for elevating your brand’s identity, influencing consumer behavior, and making a lasting impact.

Partner with Bolanle Media to harness the full potential of video marketing and watch your brand soar to new heights. Embrace personalized video marketing and drive your brand’s success in the digital era.

Here is an example video of what has helped our company spread more awareness for the The Roselyn Omaka Show.

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