People watch workers wrapping the Arc de Triomphe monument, Wednesday, Sept. 15, 2021 in Paris. The "L'Arc de Triomphe, Wrapped" project by late artist Christo and Jeanne-Claude will be on view from, Sept. 18 to Oct. 3. The famed Paris monument will be wrapped in 25,000 square meters of fabric in silvery blue, and with 3,000 meters of red rope. (AP Photo/Lewis Joly)
By Arno Pedram
The city of Paris is unveiling a monumental artwork built around an actual monument: the Arc de Triomphe completely wrapped in silver and blue fabric.
The installation by late artist couple Christo and Jeanne-Claude, who conceived the project in 1961, will open on Saturday. Visits will take place for almost three weeks. At weekends, the Arc de Triomphe’s traffic-heavy roundabout will be entirely pedestrianized.
Visitors to the famous Napoleonic arch, which dominates the Champs-Elysees Avenue, will not only be able to see the gleaming fabric, but to touch it too — as the artists had intended.
Those climbing the 50 meters (164 feet) to the top will step on it when they reach the roof terrace.
At a press conference on the project entitled “Arc de Triomphe, Wrapped,” France’s Culture Minister Roselyne Bachelot called it “a formidable gift offered to Parisians, the French and beyond, to all art lovers.”
Bachelot added that it was “a posthumous testimony of artistic genius.”
Bulgarian-born Christo Vladimirov Javacheff met Jeanne-Claude Denat de Guillebon in Paris in 1958 and they later became lovers. The idea for the artwork was born in the early '60s, when they lived in Paris. Jeanne-Claude died in 2009, and Christo in May last year. The monument was to be wrapped last fall, but the COVID-19 pandemic delayed it.
Christo "wanted to complete this project. He made us promise him that we will do it,” the couple’s nephew, Vladimir Yavachev, told The Associated Press.
The 14 million-euro ($16.4 million) project is being financed through the sale of Christo’s preparatory studies, drawings, scale models, and other pieces of work, Yavachev said.
Passersby on Thursday looked up in awe. “It makes me think of a big gray elephant placed in Paris on the Champs-Elysee" said 47-year-old Thomas Thevenoud, who works nearby.
“You really rediscover the beauty of the form," said 39-year-old Parisian Agnieszka Wojel. “I couldn’t stop taking pictures because it’s extraordinary... We are very lucky.”
The artists were known for elaborate, temporary creations that involved blanketing familiar public places with fabric, including Berlin’s Reichstag and Paris’ Pont Neuf bridge, and creating giant site-specific installations, such as a series of 7,503 gates in New York City’s Central Park and the 24.5-mile “Running Fence” in California.
Yavachev said he plans to complete another one of their unfinished projects: a 150-meter-tall (492 feet) pyramid-like mastaba in Abu Dhabi.
“We have the blueprints, we just have to do it,” he said.
___
Masha Macpherson and Alex Turnbull in Paris contributed
AT&T announced earlier today it is spinning off its media properties in WarnerMedia in a merger with Discovery in a $43 billion deal.Scott Rostan, founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant's Time Warner media properties means for investors. "I think the investor sentiment is they're digesting the new information, and they're looking into the dividend, especially the reduction of the dividend," said Rostan, noting the transaction allows AT&T to focus on its core telecommunications business.
A 2021 report from UK Research and Innovation found that the shipping industry makes up at least 2.5 percent of the world's total CO2 emissions. It's a problem that energy solutions company, Leclanché, is trying to solve. Founded in 1909, the company has been developing and producing batteries for more than 100 years. Today, Leclanché's lithium-ion battery is used to electrify not just ships, but also railroad locomotives, trucks, and specialty vehicles. Cheddar News spoke with Pierre Blanc, chief technology and industrial officer of Leclanché, to discuss.
Amazon is betting that ammonia could be the fuel of the future, participating in a Series A round for the Brooklyn-based company Amogy in December. Amogy aims to de-carbonize transportation with a clean energy system that uses ammonia as a renewable fuel. Amogy is partnering with Amazon on its first commercial product - an ammonia-powered cargo-shipping vessel. Amogy CEO Seonghoon Woo joins Cheddar Climate to discuss.
One of the world's largest transport companies is kicking off Black History Month with a new initiative aimed at the next generation of business leaders. Today, FedEx announced the launch of its Student Ambassador Program. Participants selected from eight historically black colleges and universities will receive career guidance from FedEx executives. The program is part of FedEx's ongoing commitment to HBCUs and will also help the company expand its pipeline for diverse talent. Cheddar News welcomes senior vice president at FedEx, Jenny Robertson, and Jerryl Briggs, President of Mississippi Valley State University, to discuss.
"Sing 2" has overthrown "Spider-Man: No Way Home" as the number one film at the UK box office. The animated sequel brought in $8.1 million, in just its two first weekends. However, "No Way Home" is still on track to beat "Avatar" as the number one grossing movie of all time.
Big Brothers Big Sisters of America has been a driving force for youth mentorship since 1904. The nonprofit organization is launching its annual Big Draft campaign this month in partnership with the NFL, and Artis Stevens, the first Black CEO of Big Brothers Big Sisters of America, joined Cheddar to discuss the push for adding more "Bigs" as mentors on his one-year anniversary leading the non-profit organization. "While the NFL is recruiting and drafting more players, they're also helping us to draft more mentors and, particularly, men all the way from across February to all the way to April of this year," Stevens explained.
The Supreme Court will reconsider race-based affirmative action in college admissions. The court will examine admissions policies at Harvard University and The University of North Carolina Chapel Hill, which count the race of applicants as a factor in admissions. The court has upheld affirmative action policies in the past, saying it helps to create more diverse student bodies. However, the conservative Supreme Court could be skeptical and even possibly hostile to such policies. Nick Anderson, Higher Education Writer, Washington Post joined Cheddar's Opening Bell to discuss.
The value of most cryptocurrencies have plummeted in recent months since reaching all-time highs in November, wiping out more than $1 trillion in value globally. The steep crash has some talking about the possibility of a crypto winter, a term referring to a prolonged bearish period where asset prices persistently fall over many months. This all comes as the Fed is expected to raise interest rates, and the Biden administration is working on an executive order to regulate Bitcoin and other assets. Josh Goodbody, COO of Qredo, joined Cheddar's Opening Bell to discuss the crypto crash, and how the industry might recover from it.
Recent data reveals that streaming giants are struggling to retain subscribers in the months following a major release.
According to data from Antenna, subscriber trends show that users will subscribe to a given streaming service just to watch a particular show, and then cancel those subscriptions shortly after. This comes as the streaming space continues to heat up as new entrants crowd the space. Jon Christian, Founding Partner + Digital Supply Chain Leader at OnPrem joined Cheddar's Opening Bell to discuss.