New York Times Bestselling Author Tawni O’Dell Thanks Oprah Winfrey For Changing Her Life

In the summer of 1941, Walt Disney’s top animator led hundreds of Disney artists out on strike, nearly breaking the studio. This is the true story of those two creative geniuses, plus a corrupt advisor and a mafia gangster, who collided to cause the greatest battle in Hollywood history.

An essential piece of Disney history has been unreported for eighty years.

Soon after the birth of Mickey Mouse, one animator raised the Disney Studio far beyond Walt’s expectations. That animator also led a union war that almost destroyed it. Art Babbitt animated for the Disney studio throughout the 1930s and through 1941, years in which he and Walt were jointly driven to elevate animation as an art form, up through Snow White, Pinocchio, and Fantasia.

But as America prepared for World War II, labor unions spread across Hollywood. Disney fought the unions while Babbitt embraced them. Soon, angry Disney cartoon characters graced picket signs as hundreds of animation artists went out on strike. Adding fuel to the fire was Willie Bioff, one of Al Capone’s wise guys who was seizing control of Hollywood workers and vied for the animators’ union.

Using never-before-seen research from previously lost records, including conversation transcriptions from within the studio walls, author and historian Jake S. Friedman reveals the details behind the labor dispute that changed animation and Hollywood forever.

Join a book talk with the author Jake S. Friedman on March 21 @ 7:00 pm – 8:30 pm, at The Lambs, 3 West 51st, 5th floor. [email protected]. The book will be available to be purchased and signed by the author.

Jake S. Friedman is a New York–based writer, teacher, and artist. He is a longtime contributor to Animation Magazine, and has also written for American History Magazine, The Huffington Post, Animation World Network, Animation Mentor, and The Philadelphia Daily News. For ten years he was an animation artist for films and television as seen on Nickelodeon, Disney Channel, and Saturday Night Live. He currently teaches History of Animation at the Fashion Institute of Technology and at New York University’s Tisch School of the Arts. The rest of his time he specializes in mental health for the creative psyche.

In celebration of the publication of her upcoming book, Chita: A Memoir (April 25, 2023 HarperOne), join the legendary theatrical icon, Chita Rivera as she appears In Conversation with friends Nathan Lane, Harvey Fierstein, Laura Benanti and her co- writer Patrick Pacheco.

Tickets for all events are now on sale:

Monday April 24 – 7PM  – New York City –  With Nathan Lane – Temple Emanu-El Streicker Cultural Center https://streicker.nyc/current-season/rivera

Sunday, April 30 – 3PM – Poughkeepsie, NY –  With Harvey Fierstein – Bardavon Presents in partnership with Oblong Books.  https://www.ticketmaster.com/event/00005E39CB3B4322

Thursday, May 4 – 7PM – Montclair, NJ – With Laura Benanti –  Succeed2gether’s Montclair Literary Festival, The Sanctuary, First Congregational Church https://www.flipcause.com/secure/cause_pdetails/MTc1MjIy –

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Week Ahead with The Birb Nest – Bank Failures – The Birb Nest

Recent bank failures have shaken global financial markets. Last week, the Silicon Valley Bank failure dominated the headlines. In this blog post, we will discuss why this happened and how it directly affects the crypto market, particularly Bitcoin. Is it possible that the ongoing monetary policy of the Federal Reserve is coming to an end?

Impact of the Federal Reserve Fund Rates

This has been one of the most aggressive rate hikes in the last four decades. But first, let’s understand what rate hikes mean.

💡 Interest rates are the amount that a lender charges the borrower for the loan. In terms of the Federal Fund Rates, this is the target rate set by the FOMC to determine the rate by which commercial banks borrow and lend their excess cash (reserves) to other institutions.

Investors always keep an eye on the interest rates set by the FOMC because an increase in interest rates will make borrowing money more expensive. This will also make certain goods and services more expensive, causing consumers to spend less. This decrease in demand will cause businesses to cut down on production and lay off employees, which will increase unemployment and slow down the economy.

Higher interest rates will directly impact the bond market, as yields from U.S. Treasuries to corporate bonds will start rising, making them more attractive to investors than risk-on assets such as stocks or crypto assets. That’s why, in the past months since the Federal Reserve started raising rates, crypto assets and stocks have been declining sharply in a bear market, as they are no longer attractive to investors.

Bank Failure

The recent failure of Silicon Valley Bank, the 16th largest bank in the U.S., can be attributed mainly to the ongoing higher rates set by the Federal Reserve.

While the collapse of the cryptocurrency Silvergate Bank sparked a wave of deposit withdrawals around U.S. banks, it was not the main reason for SVB’s collapse. Instead, the ongoing high-rate environment led to startup clients withdrawing funds to keep their companies afloat. When demand for goods and services slows down, it is not good for companies. As a result, SVB found itself short on capital and was forced to sell all of its available bonds at a $1.8 billion loss. This caused panic about a possible bank run, and SVB’s stocks declined by almost 60%.

Customers withdrew $42 billion of deposits by the end of Thursday and by the end of that business day, SVB was drowning on a $959 million negative balance and wasn’t able to collect enough collateral from other sources.

Why is this important for future FOMC declarations regarding rate hikes? “Black swan events” like this have a tendency to be contagious. Investor panic could lead to massive withdrawals from banks across the US, which could result in unfortunate consequences like those experienced by SVB. The next FOMC statement is scheduled for March 22, 2023. The Fed is currently dealing with an unpleasant situation in which it must remain aggressive in order to reach its goal of 2% inflation. However, more aggressive rate hikes could potentially cause an economic collapse and recession. Expectations for the next target rate are now 95.2% inclining towards a 25-50 basis points increase.

Why this is important for the future of Bitcoin & Crypto Assets

As previously explained, a high-interest rate environment is detrimental to risk-on assets. However, it is feasible for the FED to pivot now, given the looming possibility of an economic collapse that could surpass the scale of the “Great Recession.”

It is worth noting that cryptocurrencies are not immune to broader market trends. In fact, the value of most cryptocurrencies has also significantly declined in the aftermath of these events. One of the primary reasons for this is that cryptocurrencies are still predominantly reliant on the traditional financial system. Most crypto exchanges depend on banks to process transactions and store fiat currencies. The breakdown of banks can cause disruptions in these services, which can impact the value of cryptocurrencies.

As seen in the image above, Bitcoin has declined almost 22% from the recent highs in the past 2-weeks. As for now, Bitcoin has gone up and erased almost 50% of the recent decline because of the possibility of a dovish FED in the upcoming economic calendar.

Despite these challenges, the crypto market remains resilient.

Technically Speaking

Bitcoin has rebounded strongly from the 200-day moving average and is currently trading in a range formation zone within a high volume node between the high at 25,296.10 and the low at 20,385.00. The expectation of a dovish FED in upcoming meetings could potentially drive prices higher, as speculation plays a significant role in asset prices.

A breakout from this range could push Bitcoin’s price towards the next high volume node, which is currently between 28,000.00 and 32,500.00. However, the fate of Bitcoin’s price is not set in stone, and another black swan event could quickly drive prices lower. Therefore, managing risk is crucial in this situation, especially given the current unstable geopolitical and economic environment.

The recent bank failures have significantly affected the value of cryptocurrencies. However, this is not a sign that the crypto market is doomed. Rather, it is a reminder that cryptocurrencies are still in their early stages and are subject to the same market forces as traditional assets.

🐦At The Birb Nest, we have a dedicated team of Trading Analysts who are available 24/7 to help you reach your trading goals and learn about financial markets. We’ve already shared several educational materials inside our discord that you don’t want to miss.

Don’t hesitate to reach out if you need any guidance!

Our CEO – Crypto Birb recently released a Bitcoin Call, follow the link below to have the full explanation:

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If the Bitcoin price is heading higher, then you don’t want to miss this amazing opportunity to win $100 in $BTC and a FREE Hoodie of The Birb Nest 👇

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Detroit Tigers top 30 prospects list 2023 preseason

The Tigers have enjoyed the buzz of several top prospects climbing national lists in recent years. Detroit had two of MLB Pipeline’s top five prospects in baseball in last year’s preseason rankings in Riley Greene and Spencer Torkelson, and Greene was briefly No. 1 before he made his Major League debut last June. Torkelson was near the top when he made the Tigers’ Opening Day roster a year ago. Casey Mize was in the upper echelon before he graduated in 2021.
 
It was a great run for the Tigers that created buzz about their rebuild, but it also overshadowed the issue of a top-heavy system. Now that many big names have graduated and are in Detroit, the system has flipped somewhat. The Tigers’ highest-ranked prospect in MLB Pipeline’s Top 100 is Jackson Jobe, currently at 63. But with three prospects in the Top 100, two others on positional Top 10 lists, and a few others knocking on the door, the Tigers are building depth.

Jump: Wilmer Flores (2022: 15 | 2023: 3)
A non-drafted free agent signing after the shortened 2020 Draft, Flores was a hard-throwing pitcher with intrigue a year ago. But the brother of Giants infielder Wilmer Flores (they have different middle names) established his name among baseball’s top prospects with a breakout season between High-A and Double-A with a 2.79 ERA, 1.01 WHIP and 130 strikeouts in 103 1/3 innings. If he can continue that momentum, he could make his Major League debut later this season.

Fall: Gage Workman (2022: 11 | 2023: 30)
Workman fell out of the Top 30 for a while last year before returning now. His athleticism and talent remain impressive, but he struck out at a 40-percent rate at Double-A last year, worsening what was already a nagging knock against the former Arizona State standout. Still just 23 years old, he has a chance as a fresh start, but needs some changes in swing and approach to put his immense talent to work.

Hit: 55 — Jace Jung (Colt Keith, Justyn-Henry Malloy, Wenceel Perez, Cristian Santana)
Power: 55 — Jace Jung (Colt Keith, Izaac Pacheco, Roberto Campos)
Run: 60 — Wenceel Perez (Peyton Graham, Parker Meadows)
Arm: 60 — Colt Keith (Ryan Kreidler, Parker Meadows, Dillon Dingler)
Fielding: 55 — Ryan Kreidler (Dillon Dingler, Abel Bastidas)
Fastball: 65 — Elvis Alvarado
Curveball: 60 — Wilmer Flores
Slider: 65 — Jackson Jobe
Changeup: 60 — Reese Olson
Control: 55 — Wilmer Flores (Ty Madden, Mason Englert)

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Eddie Hearn Expects Artur Beterbiev Vs. Callum Smith To Be Ordered By WBC Immediately – Boxing News 24

By Sam Volz: Eddie Hearn says that Matchroom has written to inform the WBC about Callum Smith’s unfortunate injury,  which will keep him from fighting his scheduled opponent Pawel Stepien on March 11th, and he now wants the sanctioning body to order IBF/WBC/WBO light heavyweight champion Artur Beterbiev to make his mandated defense against Callum next.

Rather than Hearn rescheduling the Callum-Stepien fight, Hearn wants the WBC to order Beterbiev (19-0, 19 KOs) to defend against Smith (29-1, 21 KOs), as he’s the mandatory for his World Boxing Council belt after defeating Mathieu Bauderlique and Lenin Castillo since moving up to the 175-lb division in 2021.

Some boxing fans might see Callum’s injury as a convenient one because he’s now in a position to fight for a world title against Beterbiev, who doesn’t have a scheduled opponent.

Why take a risky fight against Stepien when you’ve got a guaranteed payday against Beterbiev, who didn’t look all that impressive in his last fight against Anthony Yarde. After that performance, Callum might like his chances against the 38-year-old Beterbiev.

If Callum can get to Beterbiev before Dmitry Bivol does, he’s got an excellent chance of capturing his three 175-lb belts. With those belts, Callum can transmute the titles to get a better financial deal against WBA champ Bivol. It’s smart.

Beterbiev vs. Callum Smith could be ordered immediately

“Yeah, I think the injury isn’t too bad, but I think it’s going to keep him out for six to eight weeks,” said Eddie Hearn to Matchroom Boxing about Callum Smith suffering an injury, resulting in his March 11th fight against Pawel Stepien being canceled.

“Really, when you look at it, the disappointing thing for any fighter is when you’ve completed a camp. He’s really a week before the fight,” Hearn continued about Callum. “He’s done eight to ten weeks of training out in America, and he’s been back out in Liverpool.

“It’s disappointing, but it now focuses on Artur Beterbiev, really. We’ve written to the WBC to inform them. He’s the mandatory for Artur Beterbiev. We expect that fight to be called now and negotiations to begin almost imminently.

“It’s disappointing,” said Hearn about Callum Smith’s inconvenient injury, which wipes out his March 11th fight against Stepien. “I got the news normally, as usual, the day before everybody else. He’s yet to see the relevant specialists. Unfortunately, he had to pull out of the fight.

May 11th card will go ahead without Callum

“You look at the card, the strength of the card, the depth of the card, which is a strong card in Liverpool. Obviously, these fighters have been training for eight or ten weeks, and we got ahead on March 11th with the co-main event, really, with Robbie Davis against Foley and Diego Pacheco making his UK debut against Jake Cullen.

“Johnny Fisher has 1000 of them coming up from Essex for his big fight as well. Rhiannon Dixon going for the Commonwealth title. Peter McGrail in his first 10 round fight for us as well. There are loads of strength on the card, and I’m looking forward to a big night.

“It’s really important to have a lot of our young talent fighting internationally. For Diego [Pacheco], this is a little bit of a gamble because this is a big thing fighting abroad, and now, he moves up a spot in the card.

“Now, he’s up against not just an experienced fighter in Jack Cullen and a lot of fans as well coming to the arena to support him, but also the whole new experience and focus that will be on him next week. He’s got his own little fan workout in London early next week, and he’s heading out to Liverpool for the media workout there for the press conference.

“I see Diego Pacheco as a future star of the sport. I see him as a future world champion. He’s been doing hard rounds [of sparring] with David Benavidez, and I think he’s ready to go in those big fights.

“Jack Cullen, we’ve seen against Avni Yildirim. He’s always in great fights, and it’s a really good test for Diego Pacheco. We’ll see where he’s at in his career because Jack Cullen will give him everything he can handle.

“When you go from the TV card, you’ve got Rhiannon Dixon, who has looked really, really good under [trainer] Anthony Crolla in recent fights, has his first championship fight for the Commonwealth title. It’s a good fight.

“Peter McGrail, an Olympian. I feel like he’s going to go on to become a world champion for Liverpool. He’s in his first 10-rounder. Aqib Fiaz, Campbell Hatton, Johnny Fisher, and Robbie Davis has a tough fight.

“Obviouslly, disappointed that Liam Paro couldn’t make the fight, but Daryl Foley from Liverpool based in Australia is a big opportunity for him. He’s a lot of fun as well. It’s going to be a good card next Saturday,” Hearn said.

Another pullout

“Two in a week, really. You become numb to these pullouts, but certainly, the Amanda Serrano one hurt because we were really looking forward to the homecoming for Katie Taylor,” Hearn continued. “After the fight with Erika Cruz, it was a tough fight.

“In situations like that, you get in the ring, and you go up to the manager, the trainer, and you say, ‘Is your hands okay?’ She had a little nick on her eye, but everyone said, ‘We’re 100%, May 20th, let’s announce.’

“As the weeks have unfolded, she’s not going to be ready, and we’re now in a situation where it’s quite unusual for Katie to call out a fighter [Chantel Cameron], and I feel like we know behind the scenes that she would fight anybody.

“But there’s always been that perception that Chantel Cameron was the tough fight. The English fighter, undefeated. I’ve always said that when Chantel racked up the belts and the performances that she would be the frontrunner, and that’s exactly what’s happened.

“She undisputed at 140 lbs. It’s a tremendous fight, and Katie Taylor, looking at the Amanda Serrano injury, has said,  ‘I want to fight May 20th. I’ve planned for that homecoming, and the three arenas is available.’

“Chantel came straight back and said, ‘I want to do it.’ We got to agree to the money on both sides. We’re not a million miles away, but you’ve seen the reaction for that fight. It’s a tremendous fight.

“I think it could be a tougher fight than Amanda Serrano. Chantel is a bigger fighter, she’s very aggressive, and she punches very hard, and she’s believed for a long time that she wins that fight.

“Fair play to Katie Taylor. She’s incredible. You’ve got Alycia Baumgardner in a division below that. That’s a potential fight as well, but I believe there’s a good chance that we can get Taylor-Cameron over the line next week.

“I need to sit down with DAZN and go through that schedule. They’ve already said, ‘We need strength in May particularly. That was a big fight [Taylor vs. Serrano II] for the schedule. So that needs to be replaced, and we’ll see what they want to do, but I’m very hopeful of making that fight.

“I spoke to here [Katie Taylor] on the phone. She’s not in the mood to mess around. She knows what she wants.  She’s happy to fight anyone, she always has done. As I said, there’s always been that perception that Chantel Cameron could be the one that could be the real tough one [for Taylor], but she rises to the challenge.

“She believes she can beat anyone in Ireland. Chantel Cameron is ready for the big opportunity, and we’ll see where we get to next week, but I think it’s an amazing fight if we can get that made in Dublin for May 20th,” said Hearn.

Matchroom flagship star news

“Conor Benn is pretty much ready to go,” said Hearn about Matchroom’s flagship star. “The end of May or early June is the date for Conor Benn. We have to decide where that will be. It’s most likely that it’ll be in America or the Middle East.

“I don’t think that will be in Britain next. We need to sit down with the British Boxing Board of Control, but there have been a number of negotiations for a long time with Sean Gibbons and with Manny Pacquiao and his team about a fight in the Middle East and about fighting Conor Benn.

“I think it’s a tremendous fight. It’s a big fight for Conor Benn to come back to.  The eyes of the world will be watching Conor Benn for him going into that fight. It’s been a very controversial period for him.

“Everybody has had their opinions, but he’s ready to explode back on the scene, and it could be Manny Pacquiao. Expect to see Conor Benn back in early summer,” said Hearn.

The impact of macroeconomic uncertainty on Bitcoin and Equities – The Birb Nest

As you may know, geopolitical and macroeconomic uncertainty plays a significant role in driving market trends. The day-to-day fundamentals and comments on crucial topics such as FED Interest Rates, Russia & Ukraine War, and Energy Crisis, among others, can have a substantial impact on the markets. With so much volatility, it’s difficult to confidently predict possible economic outcomes for 2023. Nevertheless, we’ll explore the main topic and analyze it in-depth to gain a better understanding of the current market state.

Furthermore, the 7-week correlation coefficient at 0.97 provides a strong relationship and cross-dependence of BTC on the $SPX. Therefore, BTC is likely to follow any directions taken by large-cap stocks.

While the short-term fluctuations can’t be eliminated, the long-term price history since June 2010 reveals a reliable chart pattern where every decisive breakout to the upside following a declining 200-day trend of the primary bear run initiated a new bull run.

Traders should consider the fact that there is little sample within the short price of the history of Bitcoin. However, ignoring a 100% reliability of such a chart pattern may not be the smartest choice.

When it comes to FED monetary policy in 2023, there are a number of possible scenarios to consider, including recession and no recession, higher inflation or deflation, and a tighter labor market or an increase in unemployment.

The potential outcomes of these scenarios could have either a bullish or bearish impact on risk-on assets like Bitcoin and equities. If a recession does occur in the coming months, the FED might pivot quickly, which could help risk-on assets recover rapidly and possibly initiate a new bull market. However, if the labor market remains tight and wages are inflationary, the FED might need to continue tightening, which could result in further declines for risk assets. It’s important to understand the possible outcomes of these different scenarios in order to make informed investment decisions.

While the correlation between equities and Bitcoin has been decreasing recently, this doesn’t necessarily mean that Bitcoin will hold up if equities continue to decline. The low-interest rate environment over the past few years has driven both markets upward, resulting in an increase in market capitalization and institutionalization of the crypto space. This has led to crypto becoming more correlated with equity behavior and performance.

It’s important to understand the correlation between crypto and equities in order to establish a bull or bear thesis for crypto. Whatever justifications are made for taking a long or short position on equities should also be reflected in crypto. While crypto investors often have little macro knowledge and tend to be disconnected from stocks, it’s necessary to connect both markets in the middle ground. In a neutral or bear market, being completely ignorant of the direction of each market asset class is not acceptable. The reality is that connecting both markets is necessary, and being dismissive of fundamentals is not a good strategy.

As seen in the chart below, there is an interesting pattern-based technical similarity with the end of the last two bear cycles for Bitcoin:

Even though the bear market trendline has been breached, the previous bear cycle’s duration was between 2-3 years. At the moment, since the top of the market in November 2021, the time elapsed has been around 430 days. Due to the challenging macro environment and the bear cycle not lasting as long as previous ones, the chances of a bull cycle starting for Bitcoin this year are very low.

If interest rates stay high over the next two years, it’s less likely that crypto will perform well. FED officials have indicated that they plan to maintain high rates and not repeat the interest rate tightening and loosening cycles that were used during the inflationary crisis of the 1970s. Instead, they will keep rates elevated for a period of time, but at lower levels than those seen in the 70s due to higher levels of debt.

To sum up, understanding how macroeconomic uncertainty can affect Bitcoin and equities is crucial for making informed investment decisions. By analyzing possible scenarios and their impact on risk-on assets, we can better prepare for market trends. While Bitcoin and equities may not always be correlated, it’s important to understand the relationship between them and connect both markets in the middle ground.

Thanks for taking the time to read through our document. We think it’s important to stay informed about the current market state, which is why we’ve analyzed this topic in-depth.

🐦 At The Birb Nest, we have a dedicated team of Trading Analysts who are available 24/7 to help you navigate these extreme market conditions. We’ve already shared several market theses inside our Discord with Legacy and Crypto market explanations for both Intraday and Swing trading.

Don’t hesitate to reach out if you need any guidance!

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