The General Syndicate of the Egyptian Writers Union said, on Thursday, that the novelist and screenwriter Majid Toubia died at the age of 84, following a long journey during which he enriched the Arab library and the cinema screen with unforgettable works.
Toubia was exposed to a health crisis, as a result of which he was hospitalized last March, but then returned to his home.
Majid Ishaq Toubia was born in March 1938 in Minya Governorate, and obtained a Bachelor of Sports and Education from the Teachers College in Cairo in 1960, before he studied art in depth, and obtained a diploma from the Scenario Institute in 1970, then a postgraduate diploma in film directing in 1972.
He published his first collection of short stories (Vostok Reaches the Moon) in 1967, followed by several collections, including “Five Newspapers Unread” and “The Days After”.
Among his most prominent novels are “The Sunset Virgin”, “Circles of Impossibility”, “The Earthly Chance Chamber”, “The Restoration of the Ahmose Case”, “Reem’s Beautiful Tale”, “These” and “The Exile of Bani Hathout”.
A number of his books were turned into dramas, including the movie “Sons of Silence” directed by Mohamed Radi, which is considered one of the most prominent films presented on the cinema screen for the period between the 1967 and 1973 wars in Egypt. He also wrote the script and dialogue for the films “A Tale from Our Country” and “The Star Maker.” And the story of the movie “The Cage of the Harem”.
Toubia was awarded the Medal of Science and Arts in 1979, and the State Appreciation Award in the field of literature in 2013.
Daily Archives
April 7, 2022
What does the Fed’s tendency to sell $8 trillion in assets mean?
written by Alexandra Hartman Editor-in-Chief
With the Federal Reserve beginning to reduce its holdings of more than $8 trillion in assets including Treasurys and mortgage-backed equities, what does this mean for markets and what significance does this move have?
We had recently heard regarding the Federal Reserve’s tendency to reduce its holdings of bonds and assets by more than eight trillion dollars, which was actually clear from the Board’s meeting last March, as it will begin to reduce regarding one trillion dollars each year from these assets.
But what does that mean? Why is this important and is moving the markets now and raising the dollar once morest other currencies?
We’ll go back here to the years of the financial crisis 2007 to 2009 when the Fed first began using large-scale asset purchases, also called quantitative easing. During the crisis, it became clear that simply cutting interest rates to stimulate the then collapsing economy was no longer enough.
The intervention of the Federal Reserve by simultaneous purchase of tens of billions of dollars of Treasury bonds issued by the US government, and the purchase of shares on mortgage-backed exchanges, quickly helped reduce the long-term borrowing costs of companies and individuals, thus promoting economic recovery.
Why did the central bank keep buying assets?
Next came the Corona crisis in early 2020, and what we know caused a panic in the financial markets, and the Federal Reserve responded once once more with massive bond purchases as well as interest rate cuts.
Its total bond holdings are now regarding $8.3 trillion, with roughly $5.65 trillion in Treasuries and $2.65 trillion in mortgage-backed stocks.
But the most important reason for them is the inflation that jumped hysterically in the Corona years because of what we know regarding the disruption of supplies and the shortage of goods and the increase in their prices, then now came the Russian war, which made matters worse, so the “reserve” now focuses on fighting inflation and does not care regarding the growth of the economy, So we saw him last month raise the interest rate by a quarter of a percentage point, and he is expected to raise it by half a percentage point at its next meeting, with a quick start to sell the assets he owned at a rate of $95 billion per month for both bonds and stocks, and we began to see the impact of this in a strong decline in American stock exchanges this week as a result that.
Searches were continuing for other possible avalanche victims in Lyngen, Norway.
Three skiers of French nationality died in an avalanche in Norway’s Lyngen, in the far north region of Troms, on Thursday, police said as a search continued for other possible victims.
“Doctors have established three deaths,” police in Troms County, known for its northern lights, said on Twitter.
Avalanche alert issued
According to several media, the victims are foreigners, were part of a group of nine skiers, who were surprised by a snowslide on the Kavringtinden massif. Their six companions are unharmed and were able to help rescuers dig to get the bodies out of the snow.
An avalanche warning was issued in the region following several recent snowslides. On March 30, one person was killed and seven others were injured in two avalanches in Lyngen. And on Wednesday, two other people were surprised by an avalanche in the same area, without being injured.
Tremendous scare! Yeison Jiménez was chased by armed men | THE UNIVERSAL
written by Alexandra Hartman Editor-in-Chief
Tremendous scare hit Yeison Jiménez following leaving a presentation and being chased by men on motorcycles.
The jury of ‘My name is’ recounted the terrifying moment that happened in Medellín and how he managed to get out of that situation, in which he came to think that he would not come out well.
Through a video on Instagram, Yeison said the men chased him to the hotel where he was staying. They were on a motorcycle and a taxi.
“One of them goes down and draws a revolver. The delicate thing regarding this situation is that two of the escorts who were inside the truck were regarding to start fire, ”he mentioned.
Despite the bad time he experienced, Yeison thanks God because it did not happen to adults and he only got a scare.
As expected, the reactions in networks were immediate. Some criticizing the country’s insecurity, while others called him a “chicanero” and affirmed that the singer lacks “humility.”
It should be remembered that several days ago, Jiménez said that he was undertaking another project, which has nothing to do with music. It is the business brand Productos La Cumbre, which is dedicated to the development of agricultural products.
“In our farms we will always be on the way to conservation, radials and water by solar energy and biogas for food operations. It is a process that fills us with pride and functionality, ”said the singer regarding his business.
In addition, he indicated that he has 400 beehives to help the environment, in order to strengthen agriculture and support various social points.