Word: dollarize
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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...
Economist David Rosenberg, of investment firm Gluskin Sheff & Associates in Toronto, says Canada's trade deficit is the result of an overvalued loonie bumping up against a lingering downturn in U.S. consumer spending. "The Canadian dollar's overvaluation is a major impediment to the manufacturing sector," says Rosenberg, former chief economist at Merrill Lynch in New York City, noting that the loonie has overshot its real value by about...
...little swiftlet has hatched a billion-dollar global business, including a subindustry of how-to books and bloggers who share tips on birdhouse construction and equipment. As with most properties, the value of a birdhouse depends on three factors: location, location, location. Before building one, advises Kok, you must survey the skies for a regular passage of swiftlets. Once constructed - a three-story birdhouse with room for about 40,000 nests costs roughly $100,000 - you must attract tenants. The maker of the Swiftlet Bazooka Tweeter claims it can broadcast "love calls" to birds flying up to a mile away...
...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...