Word: quarterly
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...turf. Live Nation dumped its ticketing contract with Ticketmaster in January after signing a 10-year contract to license ticketing software from Europe's CTS Eventim to run its own ticketing business. The move took a toll on Ticketmaster, which saw its profits dive 78% in the first quarter, partly due to the lost Live Nation business...
...quarter ended March 31, retail sales of grand pianos were down 18.6%, according to the Music Trades magazine, and school-music product sales fell 6.5%. Nonstring instruments, from trombones and tubas to flutes and pianos, tend not to attract investment dollars because they diminish in value with wear and tear and age. Well-maintained string instruments are distinct - like wine - in that they appreciate with age as wood mellows and tonal qualities mature...
...that pension funds consider adding top instruments to their portfolios to diversify their risk. "Violins are much less volatile than art," says Graddy, who co-authored a paper called "Fiddling with Value: Violins as an Investment?" While the Mei-Moses Fine Art Index was down 35% in the first quarter of 2009, prices for top instruments showed no such tumble. (Read "How to Know When the Economy Is Turning...
...American consumer is unlikely to spring back overnight. In fact, with asset-dependent U.S. households remaining income-short, overly indebted and savings-deficient, subdued consumption growth is likely for years. This is because the U.S. consumption share of real GDP, which hit a record 72.4% in the first quarter of 2009, needs, at a minimum, to return to its pre-bubble norm of 67%. That spells a sharp downshift in real consumption growth from the nearly 4% average pace of 1995 to 2007 to around 1.5% over the next three to five years. There will be years when the consumer...
...doubt that President Obama has changed American politics, consider that we are about to have the first Supreme Court confirmation hearing in almost a quarter-century that does not revolve, in one way or another, around Roe v. Wade. The appeals-court judge Sonia Sotomayor has ruled on just three cases that dealt, indirectly, with abortion. She has written a lot about racial preferences, though. That is one reason the country is set to have a knock-down, drag-out fight over affirmative action instead...