Word: budgeting
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...unsuspecting Americans, won the weekend with $30.4 million, a bit above most industry expectations for an R-rated provocation whose star was unknown to the mass audience until his Borat became a surprise hit in 2006, earning more than $260 million at theaters worldwide on an $18 million budget. Yet Brüno's box-office decline from Friday to Saturday indicates that the film's brand of outrage was not the sort to please most moviegoers - and that their tut-tutting got around fast. Brüno could be the first movie defeated by the Twitter effect. (See pictures...
...earlier. The World Bank now expects the economy to contract by around 8% for 2009 as a whole. Traditional industries such as steel are hurting badly. The decade-long consumer boom has turned into a slump as unemployment soars. The government has cash to spend after years of sensible budget policies, but the central bank will be forced to keep interest rates high as long as inflation is stuck in double digits and trust in the ruble remains shaky...
...approved budget will also raise the state's meal tax from 5 to 6.25 percent, and will allow local communities to raise the tax to 7 percent and keep the extra revenue. A 5 percent gross receipts tax will also be exacted on satellite TV providers' receipts from subscriptions, and local hotel taxes will increase by 2 percent. Sales tax will now also apply to alcohol purchased from retail stores, which had previously been exempt...
...Patrick's signing of the budget followed approval by both houses of the Massachusetts legislature, which had disagreed with Patrick over the appropriate response to the state's fiscal crisis. Patrick had originally proposed taxing candy, soda, and gasoline, but eventually went along with the legislature's plan for a sales tax increase after lawmakers agreed to overhaul the state's ethics, pensions, and transportation laws...
...Lowdown: Senator Joseph Lieberman called the GAO's findings "about the broadest indictment of an agency of the Federal Government that I've heard," and it's hard to disagree. The director of the FPS, which has a budget of about $1 billion, said a lack of money and manpower has hampered the organization and vowed to address the problems. It seems safe to guess that some improvement is on the way - after all, things can't get much worse. But along with weaknesses documented in the Transportation Security Administration, the report supports the notion that even in a post...