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...Merrill Lynch, Lehman Brothers, Deutsche Bank and Dresdner Kleinwort. Those sticking around are asking for more for their money. Now investors are demanding that studios lower their distribution fees, market their films with more discipline and, most importantly, stop cherry-picking the best films from their slates. In the earliest deals, studios withheld their biggest potential hits from the funds - Sony kept all earnings from its Spider-Man sequels, for example, while investors picked up the tabs for under-performers like The Other Boleyn Girl and RV. Under the new deals, investors are demanding a piece of more...
...hundreds of Singaporeans were taking no chances. Standing in the crowd outside AIA's offices, Karen Foo, 29, said she was only dimly aware of the underlying assets in the investment trust her insurance policy is linked to, but she was determined to sell the financial instrument at the earliest opportunity. "I'm a little worried," Foo said with a tight smile...
...consumers in this global market have been far from comforted. Standing in the crowd on Wednesday, Karen Foo, 29, said she was only dimly aware of the underlying assets in the investment trust her insurance policy is linked to. She was determined to sell at the earliest opportunity. "I'm a little worried," Foo said with a tight smile...
...Grotesquerie" is an odd word to use here, because it's in conflict with much of the reportage that follows. Consider some of the places Theroux visits, and people he meets. In Bangalore, India, he comes across two guys, Vidiadhar and Vincent, who had managed one of the earliest call centers, among other things processing mortgages for an Australian finance company. Theroux sets up this section by noting that "in the seventeenth and eighteenth centuries, Indian labour had been exploited for its cheapness. Coolie labour was the basis of the British Raj ... Again I recognized the paradox, that India...
...Otis Ferguson, one of the earliest film critics to create a coherent and eloquent body of work, was reviewing for the New Republic. "When Ferguson went off to the Coast Guard at the beginning of the war and was destroyed by a Nazi bomb, I immediately wrote a letter to the editor saying that I could do the job very well." He recommended himself for the film job over art criticism because, "doing movies, I would be in print every week. Doing painting I would be in once a month. I was getting $40 or $50 an article and that...