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AlixPartners, a turnaround firm, said at the beginning of the year that 10% to 26% of retailers were in financial distress and were in danger of filing for Chapter 11. It is worth considering how the researchers came up with that number, given that there are tens of thousands of retailers and hundreds of thousands of stores in America. Why wasn't the number 9% or 27%? The answer is that the forecast is virtually useless, something like counting the number of poisonous snakes in an Indiana Jones movie...
...Boston Globe is, based on several accounts, losing $1 million a week. One investment bank recently said the paper is worth only $20 million. The paper is the flagship of what the Globe's parent, the New York Times, calls the New England Media Group. The Times has substantial financial problems of its own. Last year, ad revenue for the New England properties was down 18%. That is likely to continue or get worse this year. Supporting larger losses at the Globe will become nearly impossible. Boston.com, the online site that includes the digital aspects of the Globe, will probably...
...Fort Worth Star-Telegram is another big daily that competes with a larger paper in a neighboring market - in this case, Dallas. The parent of the Dallas Morning News, Belo, is probably a stronger company than the Star-Telegram's parent, McClatchy. The Morning News has a circulation of about 350,000, while the Star-Telegram has just over 200,000. The Star-Telegram will have to shut down or become an edition of its rival. Putting them together would save tens of millions of dollars a year...
...crazy yourself. That point has been reached with North Korea. Washington has shown a willingness to talk with nations with which it has not always had strong relations, from Russia to potential Taliban members. Wasting time satisfying North Korea’s national Napoleon complex, however, is not worth the new administration’s efforts...
...from an original multimedia, movement-based production about love and atomic physics to a new interpretation of an ancient Greek feminist comedy. And, while I disagree with Wong’s idealization of gender-blind and race-blind casting as a kind of theatrical cure-all, it is worth noting that several of this semester’s productions do indeed take advantage of those practices...