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Giant IPOS are usually a sign of good, or at least frothy, times. The current record haul for a U.S. IPO, $10.6 billion, was reaped by AT&T Wireless in April 2000--just after the great tech-stock bubble began to deflate but before anybody realized it. (The world-record holder is and apparently will remain the Industrial & Commercial Bank of China, which raised $21.6 billion...
...Rent didn't exactly start a revolution. Broadway continues to do robust business; total attendance climbed 2.7% last year, to a record high of 12.3 million. But the vast majority of hit musicals since Rent, from The Producers to Jersey Boys, still earn their money the old-fashioned way: by catering to comfortably middlebrow, middle-aged audiences...
...like Rent either. That show, for all its breakthroughs, had an audience dominated largely by white kids from the suburbs. Meanwhile, Broadway audiences have been growing steadily more diverse in recent years; according to Theater League figures, about 26% of all Broadway theatergoers last season were non-Caucasian, a record high. One big reason was The Color Purple, the hit musical based on Alice Walker's novel of the same name, backed by the seemingly unstoppable Oprah Winfrey...
...this criticism: “This would be so much better as an EP.” Many musicians have a habit of building LPs around a couple of good songs and devoting the rest of the space to uninspired filler tracks. They seem to prefer making long, mediocre records when they could create succinct, exciting ones. So when a band recording an EP decides to extend it to an LP, it’s usually for the worse—unless, it seems, that band is the Dirtbombs. Originally conceived as a five-song EP, new full-length album...
...high gear. Lefty bloggers, in full Obama rapture, point out that Hussein means "beautiful." One conservative observer insinuated that Obama, as a Christian with a Muslim name, might be marked for death by even our allies in the Islamic world, if they think he converted from Islam (for the record, he was never Muslim). By that ornately twisted logic, though, one might add that it was the martyrdom of Hussein in the year 680, beheaded at Karbala in a clash with the caliphate, that gave rise to 1400 years or so of Sunni/Shi'a violence. So how on earth could...