Word: dollarization
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While Toronto festival co-director Cameron Bailey is optimistic that by year's end money spent to acquire 2009 TIFF films will be comparable to that of prior years, others say he's dreaming. "Usually there would be one film that came close to a double-digit million-dollar sale, if not hitting that," says Ted Hope, a 20-year veteran indie-film producer whose credits include 21 Grams and The Ice Storm. "Then you would have four or five films in that $4-to-$6 million range and four to seven films in that $1-to-$3 million range...
...have been arguing that the stimulus bill, which most economists credit with speeding economic recovery, has only made matters worse on the job front, with October's numbers showing that the economy is continuing to shed jobs. "It's bewildering to see the same Administration that sold its trillion-dollar spending plan this spring as a guarantee against 8% unemployment claiming it created 1 million jobs, especially since it is a sad fact 3 million jobs have been lost since the stimulus was signed into law," said Senate Republican leader Mitch McConnell on Thursday, Nov. 5. See 25 people...
...Film Office website reads: “Studios, producers and filmmakers–who either shoot at least half of their movie or spend at least half of their production budget in the Commonwealth–are eligible for a tax credit equal to 25 cents for every new dollar of spending they bring to Massachusetts...
What’s more is that a recent Massachusetts Department of Revenue report stated that the tax break program is not nearly as economically simulative as once thought. In what looks to be quite unfair to Massachusetts taxpayers, the government is only receiving about 16 cents on the dollar for their investment in Hollywood. According to the report, over 80 percent of tax breaks on actor and crew salaries are paid to out-of-state workers...
...used as grounds for firing. While this may lead to bad teachers simply cycling through the worst schools, this compromise is leagues better than the stagnation so characteristic of public-school policy. It is an encouraging sign that Race to the Top is already working before even a single dollar has been spent...