Word: grossing
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...financial crisis, one in which irresponsible politicians, not bankers, are the main source of economic turmoil. Across the developed world, sovereign states have amassed potentially unsustainable mountains of debt. The Organization for Economic Cooperation and Development (OECD) forecasts that by 2011 the ratio of government debt to gross domestic product - the main measure of a state's financial health - will reach 100% in the U.S., up from 62% in 2007. That's almost as large as Greece's burden today. Ireland's debt burden is expected to triple over that same period to 93%, while the U.K.'s could double...
...will soon take a hit in a crucial spot: 3-D theaters. Avatar has had a monopoly on the goggles auditoriums for the past 11 weeks and has lined its pockets with cash from the higher ticket prices; last weekend it made 95% of its North American gross in those specialty rooms. Next weekend, though, the movie will lose most of its 3-D venues to Tim Burton's Alice in Wonderland. Not that folks will stop seeing the Cameron spectacle, even in 2-D - free publicity from the ramp-up to the March 7 Oscar show will keep...
Good news from UPS may also be good news for Main Street. The Atlanta-based UPS and its main rival, FedEx, are in some ways economic bellwethers. The 15.1 million packages that UPS handles every day translate into about 6% of the U.S.'s gross domestic product and 2% of the world's. Consider too that the shipping giants may actually be lagging indicators. "In downturns, companies let inventories deplete before they restock," Becker says. "That means demand--and the economy overall--must go up significantly before UPS's business improves...
...played in fostering community, citing evidence from her hometown of Philadelphia. She illustrated art’s potential to unify by recounting an instance in which the inhabitants of Philadelphia joined together to prevent an outside collector from purchasing Thomas Eakin’s painting “The Gross Clinic”—which holds cultural and historical significance for their city—from the Philadelphia Museum...
Back on the weekend before Christmas, when Avatar opened to a $77 million gross, another film made its debut with $82,664 on four screens. That was Crazy Heart, an ordinary little movie that was at first scheduled to go direct to DVD. But the appealing performance by Jeff Bridges as a country-music star on the downalator charmed critics and started piling up best actor awards: from the L.A. film critics, the broadcast film critics, the Golden Globes gang and, most important, the Screen Actors Guild. Bridges is now the front runner for a Best Actor Oscar, and audiences...