Word: june
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...Chicago Symphony Orchestra has endured a 19% endowment drop, from $229 million last June to $185 million for this May. It's been about six years since Chicago's endowment has sunk so low, according to the orchestra's president, Deborah Rutter. But ticket revenues were actually higher this year compared to last. Though advance sales for the coming season are down 4%, Rutter is optimistic. The Chicago Symphony is among the lucky few that have yet to toy with thoughts of closing...
...company's crippling $2.4 billion debt load led to a $135 million loss last year. Six Flags was $141 million in the red for the first quarter of '09, and this spring the swine-flu outbreak forced Six Flags to close its Mexico park for eight days. In June, Six Flags finally filed for Chapter...
...taxes and advertising restrictions. Fewer than 20% of adult Americans now smoke - the lowest rate since reliable records have been kept - and a tobacco crackdown is under way in Europe, Canada and elsewhere. In April, Congress boosted federal cigarette taxes threefold, from 32 cents a pack to $1. In June, President Barack Obama signed a law giving the FDA the power to regulate cigarettes like any other food or drug...
...many ways Iran, and in particular Tehran - the epicenter of over a month of protests triggered by the June 12 presidential election - has become an Orwellian police state. Security has particularly tightened in the past few weeks as the regime has attempted to root out the intellectuals, journalists, opposition leaders and political organizers who have been firing up dissent. "We haven't seen this kind of security in 30 years," says one office manager in northern Tehran, alluding to the days before the 1979 revolution when the country was ruled by the Shah and his much-feared secret police, SAVAK...
...Exuberance over a quick recovery - which was given a boost by China's surprisingly strong 7.9% GDP growth in the second quarter - has buoyed investor sentiment not just for stocks but also for real estate. According to government data, new home prices in 36 Chinese cities rose 6.3% in June from a year earlier. The property sector is showing signs of the frothy enthusiasm that is symptomatic of the onset of a bubble. In the Chinese city of Nanjing last month, 3,000 people snapped up tickets for the right to purchase an apartment in a new development with only...