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...Patriot, his American Revolution drama, the director's big pictures have amassed nearly two-thirds of their theatrical revenue in foreign countries. Moviegoers are no more sophisticated overseas, and Emmerich plays to the universal demands for mega-hits: throw little people into a giant disaster, put all the major information in pictures, not dialogue, and make sure that stuff blows up great. With 2012 seemingly headed for a $500 million worldwide take (which it will need to earn back its gigantic budget), Emmerich will underline his status as the most successful openly gay director of all time. (Read the Techland...
...consumer spending is to play a bigger role in the economy. The average Chinese, he says, doesn't have as much cash to spend as many people think. Actual household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that of residents of the major urban centers creating a mass of 900 million people who still tend to be very heavy savers. Huang suggests that China needs...
...brief meet-and-greet will underscore a major shift in American foreign policy toward the Southeast Asian nation, renamed Myanmar by its ruling generals. For decades the U.S. has shunned contact with the Burmese military regime and in recent years has tightened financial sanctions on its leaders for their murderous treatment of their citizens. (In the most recent crackdown in 2007, security forces gunned down dozens of Buddhist monks and other peaceful protesters...
This message has been received warmly by both political leaders and the nations they represent. According to a poll this summer of public opinion in 21 major countries by the Pew Global Attitudes Project, a median of 71% of the population said they have a lot of confidence in Obama to do the right thing in world affairs. Just a year earlier, President George W. Bush had scored just 17% in the same measure. In some parts of Asia, Obama's popularity is particularly high, with 85% of the Japanese public and 81% of the South Korean public expressing confidence...
...Terminal 5?) "When United [Airlines] went into Chapter 11, they were the largest airline in the world," says Pilarski. "Airlines that went under didn't go under because they were so puny they just needed to be bigger. If BA at their size is not efficient, something is major league wrong...