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...figures won't come out until later on Monday, and the franchise has typically earned nearly 70% of its theatrical coin abroad. The third Ice Age cartoon, Dawn of the Dinosaurs, which has also enjoyed a foreign take in the 70% range, is well past the half-billion-dollar mark in its first 19 days. And that mighty Moloch Transformers: Revenge of the Fallen - second in a possibly infinite series of testosterone-fueled toy stories - is at the three-quarters-of-a-billion mark after 26 days. Numbers like those are the main reason Hollywood's slavish adherence to remaking...

Author: /time Magazine | Title: Box-Office Wizardry: Harry Potter's Wand-erful Week | 7/19/2009 | See Source »

...three weeks longer. (The Sandra Bullock movie was buoyed Friday by screenings in auditoriums also showing sneak previews of next weekend's Katherine Heigl rom-com The Ugly Truth.) Holding even stronger was The Hangover, which cost $35 million to produce and is cruising toward the $250 million domestic mark. Brüno, The Hangover and The Proposal finished within $100,000 of one another, according to industry estimates. Monday's final figures could rearrange the order...

Author: /time Magazine | Title: Box-Office Wizardry: Harry Potter's Wand-erful Week | 7/19/2009 | See Source »

...Board of Regents approved on July 16 an emergency budget plan that would force 80% of the system's 180,000 employees to take unpaid furloughs of 11 to 26 days over the next year. UC president Mark Yudof said the furlough plan was preferable to layoffs in an enormous system that includes five medical centers, three national laboratories and 225,000 graduate and undergraduate students. UC officials have yet to secure agreement on the furlough plan from the unions that represent 35% of university employees. (See pictures of the career of California First Lady Maria Shriver...

Author: /time Magazine | Title: California's Crisis Hits Its Prized Universities | 7/18/2009 | See Source »

...make that point even clearer, each tree is now topped with an illuminated "30" to mark the 30th anniversary of the victory of The Sandinista National Liberation Front over the repressive U.S.-backed Somoza dynasty. Nicaragua's continual Christmas theme is also appropriate because President Ortega governs Nicaragua a bit like Santa Claus. Not because he is jolly or has a tummy like a bowl full of jelly (Ortega is very serious and has kept in remarkably good shape for a 63-year-old), but because the Sandinista boss uses gifts to keep people in line, and always double checks...

Author: /time Magazine | Title: Nicaragua: Where Every Day is Christmas | 7/18/2009 | See Source »

...Forecast, which polls some 50 economists each month, is consistently better than any of its individual members. The researchers dubbed that result a "reverse Lake Wobegon effect": everyone was below average. During economic turning points - like the one we're currently in - the individual forecasts veered further off the mark...

Author: /time Magazine | Title: Why Are Economists So Bad at Forecasting? | 7/17/2009 | See Source »

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