Word: dollarize
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Dates: during 2000-2009
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...Russia's famed Bolshoi Theater has stood shrouded in construction curtains and spiky scaffolding for four years - and it looks to stay that way longer still, as the sudden resignation of the theater's musical director has pitched the future of the Bolshoi and its multimillion-dollar renovation into disarray...
...which is another way of saying the company does not think it can make money off the magazine - ever. It may not be wrong. Less than a decade ago, Business Week ran nearly 6,000 ad pages in a year. This week, a banker valued the magazine at a dollar. "The rapid speed of the switch from print to digital, combined with the extreme severity of the economic downturn, has made it very tough for all weekly magazines," says Stephen Shepard, former editor in chief of Business Week and now dean of City University of New York's journalism school...
...international figures won't come out until later on Monday, and the franchise has typically earned nearly 70% of its theatrical coin abroad. The third Ice Age cartoon, Dawn of the Dinosaurs, which has also enjoyed a foreign take in the 70% range, is well past the half-billion-dollar mark in its first 19 days. And that mighty Moloch Transformers: Revenge of the Fallen - second in a possibly infinite series of testosterone-fueled toy stories - is at the three-quarters-of-a-billion mark after 26 days. Numbers like those are the main reason Hollywood's slavish adherence...
...over isn't surprising: glamorous these trade schools are not. But there's a good reason why Obama calls community colleges "one of America's underappreciated assets." They set up their alumni for about a 30% earnings premium compared to high school grads, give a 16% return on every dollar state and local governments invest in them and are one of the best tools we have to pull ourselves out of the recession. In short, as Obama noted at Macomb, "community colleges are an essential part of our recovery in the present and our prosperity in the future...
Obama is dangling the possibility of more federal aid for community colleges just as they are grappling with state budget cuts as well as record enrollments, as laid-off workers rush to get retraining. Many of these two-year schools, which get about 30 cents for every dollar of per-student funding the Federal Government awards to four-year institutions, have had to let go of faculty or effectively cap enrollment. (See how colleges are bracing for a financial-aid crunch...