Word: cash
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...track to raise $1 billion, with all of it to be applied to the general election, rather than to any serious nomination contest. Obama will almost certainly opt out of the matching-funds system for the nomination period and public financing for the general election, raising record amounts of cash from the day he commences his effort through November 2012 (in particular, his Internet fundraising power will be re-established). No doubt his Republican challengers will spout bravado about opting out to keep pace with Obama, but such a monumental task is easier said than done without the incumbent...
Europe continues to maintain a relatively low-cost higher-education system compared to the U.S., but Ireland's struggles are becoming all too familiar in the economic downturn as cash-strapped governments across the continent have made massive cuts in public services and begun to charge for things that were once free. "There is definitely a cause for concern at this point," says Thomas Estermann, head of funding for the European University Association. "On the one hand, we see how important it is to invest in higher education and research to overcome the crisis, but governments that had to bail...
...other item: Avatar demonstrated that 3-D could bring studios gigantic bundles of cash. For ages, the rule of movie exhibition has been that customers pay the same price for a movie that cost $250 million to make (say, Harry Potter and the Half-Blood Prince) as for one that cost $15,000 (Paranormal Activity). But 3-D changes all that. You can charge audiences the moon to see a 3-D movie, and if you show it, they will come. The extra cost of making a movie in the format, or of jerry-building 3-D effects...
...when talking pictures became the standard, studios owned most of the theaters in the U.S.; they put up the conversion money, then got the revenue from the new films they produced and exhibited.) Exhibitors want in on the 3-D bonanza, so they're spending now to reap cash later. In early March, Digital Cinema Implementation Partners, a company owned by the two largest theater chains, Cinemark and AMC, announced it had raised $660 million to finance the conversion of 14,000 North American movie screens to the digital format, including 3-D. The number of converted screens should...
...Most polls may put the GOP ahead in voter enthusiasm, but that excitement has yet to translate into campaign cash. By the end of February, the National Republican Campaign Committee, which works to elect Republicans to the House, had slightly more than $6 million in the bank, compared with the nearly $20 million held by its Democratic counterpart. The Republican committee in the Senate that finances campaigns had $12.9 million on hand, compared with $14.3 million available to Senate Democrats. And the Republican National Committee trailed the Democratic National Committee, $9.5 million to $10.7 million. The war-chest...