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Transformers 2, sequel to the 2007 hit based on the '80s TV cartoon series, is expected to have earned an astral $201 million, according to Paramount, its producing studio. That's nearly a third higher than the previous top Wednesday-to-Sunday take - $152.4 million, for Spider-Man 2 in 2004 - and within a hair of the all-time five-day total, $203.7 million (Friday to Tuesday), for last year's The Dark Knight. Add the $200 million or so that this Armageddon for machines picked up in foreign theaters over the same stretch, and you have a $400 million...
...property taxes, beyond the reach of more and more families. In the 1990s the state adopted a "homestead" measure which, when homeowners become eligible for it, caps their assessed property-value increases at 3% a year (part-time residents don't qualify). But when houses are sold, a far higher base assessment usually applies, creating absurd situations in which neighbors with similar properties pay wildly disparate taxes. And during the boom, in expensive markets like South Florida, homeowners who had yet to qualify for the cap often saw their property levies double in just a few years - a big reason...
...steps are taken to combat the trend. "Alcohol consumption, particularly among women, is linked to economic growth," says Rehm. "In countries like the U.K. and Norway, you have women consuming over 30% of [all the alcohol consumed]. In India, on the other extreme, women consume less than 5%. The higher the wealth of a country, the higher the percentage of women drinking alcohol...
...written fairly and enforced vigorously. Consumer protection will have an independent seat at the table in our financial regulatory system. By consolidating accountability in one place, we will reduce gaps in federal supervision and enforcement, drive greater clarity in the information consumers receive around products they are sold, set higher standards for those who sell those products and promote consistent regulation across the system...
...long boom in stock prices from 1982 to 2000 and the shorter one in housing prices from about 1997 to 2006 were fueled by rising debt. Ever easier mortgage terms and falling interest rates provided a brisk tailwind for home prices. In the stock market, higher profits pushed along by bigger consumer and corporate debt loads brought higher stock prices. Start ratcheting the indebtedness down and throw in slower growth, and both of these processes go backward. For the long-term health of the economy, that's good--as we've learned, debt-fueled growth is not indefinitely sustainable...