Word: summer
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...Pixar feature Up won the weekend with $44.2 million, with Warner Bros.' The Hangover a close second at $43.3 million, and the Ferrell time-travel jape, Universal's Land of the Lost, a remote and depleted third at $19.5 million. That would make Up the first movie of the summer season (which on Hollywood's calendar begins May 1) to finish No. 1 two weeks in a row. (Read TIME's profile of Will Ferrell Brilliant Idiot...
...fact, for the two days for which there's hard data, The Hangover led Up, $31.4 million to $30.7 million. Industry swamis are presumably banking on kids and their grandparents streaming to the Pixar movie on a summer Sunday, while the Warner puke-fest will have exhausted its core constituency. But that ignores The Hangover's very strong word of mouth; people who might not have gone now know this is the movie de jour. (Everybody who needs to know about Up already knows.) And as Dan Fellman, Warner's distribution chief, told the AP, "Sunday's always good...
North Korean leaders have long cited the year 2012 as being particularly significant. It will mark the 100th anniversary of the birth of Kim Il Sung, the nation's founder and Kim Jong Il's father and predecessor. Kim Jong Il, now 67 and ailing since a stroke last summer, is thought to be arranging his succession: analysts believe he wants to pass power to his youngest son, 26-year-old Kim Jong...
...games left in this qualifying phase, the North is now in pole position to return to the global stage along with its southern neighbor. Iran, on the other hand, is floundering behind the Koreas and Saudi Arabia, and will need a miracle to make it to South Africa next summer...
...Whether or not the downward trend continues, though, is far from a sure thing. With scattered signs of economic rebound, consumers might soon feel confident enough to start spending more on everything from summer fashions to new cars and doing it with borrowed money. On June 4, an executive with MasterCard suggested that people were already starting to inch in that direction. Speaking at an investor conference, he said that thus-far unreleased results of the company's monthly spending survey indicate that while people were still spending less, the rate of decline has slowed. MasterCard runs the systems that...