Aishwarya Rai in Cannes tomorrow!

According to indiatoday.com, Aishwarya Rai Bachchan is all set to grace the Cannes film festival for the 11th time but this time it's going to be different. She will be accompanied by her five-month-old Beti B.
Aishwarya Rai will be in Cannes May 24-25 where she will attend the L'Oreal Paris - amfAR (The American Foundation for AIDS Research) dinner that will help raise funds for the fight against AIDS.
Designer Sabyasachi Mukherjee, who was rumored to be styling Ash, denies that he is designing Aishwarya's wardrobe. It was reportedly said that Aishwarya will don a creation by Mukherjee during her appearance at the 65th Cannes International Film Festival.
The buzz is that Aishwarya Rai will go to Monaco for the 17th edition of Bal de l'Ete. The reports say she will go there along with hubby Abhishek, pa-in-law Amitabh and beti Aaradhya.
Bal de l'Ete is scheduled for June 22 to 24. The theme of the event is 'Princess of Rajasthan'. The expected VIP guests are Maharana Shriji Arvind Singhji Mewar of Udaipur, and fashion designers Abu Jani-Sandeep Khosla and Raghavendra Rathore among others.
So do you think Ash will show up in a sari?
Literasians 2012: writers converge on the apia literary continuum, may 24

San Francisco, this one's for you! The API Cultural Center, Kartika Review and Zellerbach Foundation have rounded up some established and emerging writers to come together on Thursday, May 24 at SF's SOMArts building.
Literasians 2012: Writers Converge on the APIA Literary Continuum will put the likes of Sandra Park, Aimee Phan, Lysley Tenorio and Andre Yang on a panel to talk about the state of APIA literature.
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LGBT Community accepts Manny Pacquiao's public apology

Barangay Los Angeles has accepted the public apology of boxing champ Manny Pacquiao following reports that he quoted a Bible verse that frowns on same-sex marriage.
“We accept Manny Pacquiao’s apology, clarification regarding homosexuality and gay marriage but we also acknowledge the fact that some people from our community were hurt and felt betrayed by the whole incident,” Robert Julius Maullon, president of Barangay Los Angeles, which is a “not-for-profit community organization serving the LGBTQ Filipino & Filipino-American community."
The prized boxer caught the collective ire of the LGBT community when he was alleged to have recited a Bible verse [Leviticus 20:13] in discussing his stance on same-sex marriage.
“If a man lies with a man as one lies with a woman, both of them have done what is detestable. They must be put to death; their blood will be on their own heads,” Pacquaio was quoted to have said by the Examiner.
Pacquiao has since apologized in his interview with Mario Lopez for Extra, as reported by abs-cbnnews.com on May 17. He clarified that he did not utter that Bible verse at all during his interview with the Examiner.
Pacquiao added: “I did not say I wanted all gays put to death...to the gay community, I apologize."
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U.S. lets China bypass Wall Street for Treasury orders

The U.S. Treasury Department granted the Chinese government direct-bidder status to purchase U.S. Treasuries direct from the U.S. government, reports Reuters. All other central banks must purchase U.S. Treasuries through primary dealers on Wall Street, which then place bids on their behalf at Treasury auctions.
The People's Bank of China holds roughly $1.2 trillion in U.S. debt, more than any other entity, and it is now the first foreign government with direct computer access to the U.S. government Treasury auction process. China, however, must sell U.S. Treasuries on the open market.
"It's a big deal because the Chinese are getting very special treatment," says Gordon Chang, Forbes columnist and author of the Coming Collapse of China, in an email to The Daily Ticker.
This special treatment does have the potential to save the Chinese government money, but not in transaction and commission costs because primary dealers are prohibited from charging its bidding customers fees. However, China could getting a better deal by keeping its purchases from Wall Street secret.
Not only is China the largest U.S. creditor, it is the largest exporter to this country. The U.S.-China trade deficit widened to $51.8 billion in March up from $45.8 billion in February, growing at the fastest pace in the last ten months, according to the U.S. Commerce Department.
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BtoB's "Irresistible Lips" MV

On May 23rd (KST), rookie group BtoB released their Asia special edition album ‘Born TO Beat‘, beginning their full-fledged activities throughout Asia.
The Asia special edition album includes their single, Irresistible Lips” and they’ve released the music video for it.
“Irresistible Lips” was already revealed through JTBC‘s sitcom, ‘I Live in Cheongdamdong‘, where many of the members have previously attracted much attention as they appeared as the ‘Cheongdam Invincible’ idol group.
BtoB have released their special album first in Korea on and the album will later go on sale in Taiwan, Thailand, Philippines, Hong Kong, and Singapore. Later, it is planned that the album will sell in Malaysia, Indonesia, and China, spreading throughout Asia. On May 24th, BtoB will perform in Singapore’s Clarke Quay , appearing to their international fans on stage for the first time at the ‘Music Masters‘ global conference.
Check out their MV for “Irresistible Lips” below!
Source AllKpop.com
Chinese conglomerate creates world largest theater group

The Wanda Group, a Chinese conglomerate with extensive interests in the entertainment business, has agreed to acquire AMC Entertainment, North America’s second-largest movie theater owner, in a deal that is valued at $2.6 billion, including roughly $2 billion in assumed debt, the companies said.
The acquisition creates the world’s largest theater group. It also represents a significant expansion of Chinese influence in the American film industry. The industry has been looking to China for a vast new reservoir of ticket buyers for Hollywood movies, while joining Chinese investors to produce films like the planned “Iron Man 3” and teaming up to build studio facilities and a new Disney theme park in China.
Wang Jianlin, chairman and president of Wanda, said his goal was to own theaters covering 20 percent of the world theater market by 2020. Speaking through a translator on Sunday, Mr. Wang said his aim for the circuits was to “combine, and synergize and make them profitable.”
The current deal offers Wanda a point of entry to the North American movie market. Its box-office, with about $10.2 billion in ticket sales last year, remains nearly five times the size of China’s, which is now the world’s second largest, with more than $2 billion in annual sales.
For details on the deal, please read www.wsj.com
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Benihana to go private

Angelo, Gordon & Co.'s Private Equity Group will pay $296 million for Benihana, Inc. and take the chain private.
Benihana is, of course, best known for its theatrical chefs who prepare food on a grill at customer's tables. Which, admit it, probably made it one of your favorite restaurants as a kid, if it still isn't. The company also owns the RA Sushi and Haru chains. The Doral-based company owns 95 restaurants, and 16 additional restaurants are operated under franchise agreements.
The private equity firm will pay a price equal to $16.30 a share. The company's stock closed at $13.30 last night. The agreement must be approved by shareholders, and could be approved sometime in the second half of this year according to the South Florida Business Journal.
"This is a win for our growing base of loyal customers who enjoy our restaurants every day, and for our future customers in markets hungry for the dramatic, high-quality Japanese dining that only our brands can deliver," the company's Chairman, President and CEO Richard Stockinger said in a news release.
The company was founded by Hiroaki Aoki in New York City back in 1964 (and the original location was actually once featured on Mad Men).
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