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...shrink last year from $2.9 billion to $2.1 billion, its administrators decided a few months ago to cut staff 10%. The Met is not alone. Endowments have shrunk everywhere, and sizable budget cuts have been the rule at museums in Atlanta, Baltimore, Denver, Detroit, Indianapolis, Los Angeles, Philadelphia and San Diego. In February the 35-year-old Las Vegas Art Museum simply gave up and shut its doors for good...
...people who are dealing with economic policy [in the White House] are not talking to the people who are dealing with cultural policy, because they don't see any connection," says David A. Ross, former director of the Whitney Museum of American Art in New York City and the San Francisco Museum of Modern Art. "What's clear is that there is a direct connection between economic recovery and cultural spending." Ross would like to see a federal rescue mission for the arts, a $250 million fund to stabilize museums and libraries. That would be only a small fraction...
...York is not the only city enjoying a deejay boomlet. In San Francisco, the D4LIFE Academy's student registrations are up 40% over the last 12 months. Sasha Tosic, founder of DJ4LIFE, also says enrollment has risen in Los Angeles, Chicago and Las Vegas. Robb Smith, owner of Central Florida-based FAME training school, has seen a 20% jump in deejay certifications this year. Aspiring deejays are flooding the schools, and flooding the market. "It's a lot easier to find a deejay these days," says Mark Rankin, who trains deejays in Chicago...
...none of that changes the long-term reality of how indebted Americans are a structural issue that will require more than a couple of months to return to historic normalcy. A recent research note by economists at the Federal Reserve Bank of San Francisco points out that the ratio of household debt to personal disposable income a measure of how "leveraged" individuals are has barely budged from its 2007 high of 133%. In 1960, that ratio was 55% in 1960 and in the mid-1980s...
...decades ago, an African-American leader in a synagogue might have been about as likely as an African American in the White House. But Stanton's ascendancy reflects the slowly changing face of America's Jews. According to Diane Tobin, a demographer with the San Francisco-based Institute for Jewish and Community Research (IJCR), some 20% of American Jewry is now non-Caucasian. While there is no data specifically on black Jews, "a large percentage [of nonwhite Jews] are African American," Tobin says. "Most arrive via conversion, adoption or mixed Jewish-black marriages," she adds, "and are far from Judaism...