Word: dollarization
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...just in response but rebuttal to this mass-produced entertainment, came Avatar, the James Cameron sci-fi spectacular that has earned $350 million in its first 2½ weeks and, in about the same time, should overtake the Transformers sequel. It has already passed the billion-dollar mark at the worldwide box office (Transformers 2 topped out at $800 million), quickly becoming the fourth highest-grossing all-timer after the second Pirates of the Caribbean film, the final Lord of the Rings installment and, at the top, a little love story called Titanic. The ultimate face-off of Cameron...
...directors of these nine flops, four were either Academy Award winners (Robert Zemeckis, Ron Howard) or Oscar nominees (Michael Mann, Spike Jonze), whereas Cameron is the only Oscar winner among directors of the top 10 grossers. The lessons: prestige directors get to spend more money, and, in dollar terms, their "personal vision" can look astigmatic to the mass audience. (And great to critics, who put the Mann and Jonze films on their 10-best lists, and would rightly fret if big-budget assignments went only to hacks.) Consider, too, that none of the first seven of the top 10 grossers...
Harvard first announced plans in February to slow construction on its much-touted Allston Science Complex due to financial pressures and an unprecedented drop in the endowment. And to top off the University's financial woes, Harvard’s multi-million dollar Allston development fund had been all but wiped out by the financial crisis as of early March, scuttling the hopes of some Harvard faculty and administrators that the money could be diverted toward their own strapped budgets. Allston residents feared Harvard would halt construction on the science complex—a core component of the University?...
...implications of a fresh start, the commencement of 2009 was unable to shed the atmosphere of financial doom and gloom that persisted from the previous year. In March, Harvard announced that the payout from the endowment would decline by 8 percent in dollar value for the fiscal year ending in June 2010, and projected another 8 percent fall from 2010 to 2011. The news came as a surprise, especially since it marked a significant departure from expectations in the previous fall for scenarios ranging from a flat payout to a 2 percent decline in dollar value. In September, Harvard announced...
...partisan sniping already breaking out following the failed airline bombing, the last thing Obama needs right now is to be accused of launching what General Tommy Franks once derided as "pinpricks." (After the 9/11 attacks, Franks voiced his glee that he would no longer be ordered to launch "million-dollar [cruise missiles] into empty tents...