It may have just been a coincidence that on the eve of Republican presidential candidate Mitt Romney's visit to Israel, President Obama signed legislation that increases U.S. military and security aid to the Jewish state.
But the timing was nonetheless fortuitous for the president, and showed once again the benefits of incumbency in an election year.
It's been a tough decade for the music industry. Revenues have tumbled — from more than $14 billion in 1999 down to $7 billion last year. EMI, one of the big four record labels, was taken over by venture capitalists and then taken over again, after they defaulted, by Citigroup. Now, Universal Music Group wants to buy the recorded music division of EMI for $1.9 billion. But critics say if the two companies merge it will create a superlabel that will dominate the music industry.
Every recent opening ceremony of the Olympics went for glitter and glamour, in an escalating war of excess. Ceremony fanatics consider the Beijing opening ceremony the gaudiest of all — and Oscar-winner Danny Boyle (the director of Slumdog Millionaire) had $42 million to try to outdo the Chinese organizers.
Instead, Boyle says, "You can't get bigger than Beijing. So that, in a way, kind of liberated us. We thought, 'Great. Oh good. We'll try and do something different, then.' "
Originally published on Mon October 22, 2012 10:33 am
The Olympics begin this afternoon, and the stores are filling up with school supplies, meaning that you only have a few more weeks to fit in a summer vacation. And if you'd like to add a quirky food-themed museum to your getaway plans, The Salt has compiled a few suggestions that are certainly off the beaten path.
As we've reported, there were no public events on the Olympic sporting schedule today, the day of the opening ceremony. But we must note that two world records were set at the London 2012 Games this morning. That's when South Korean archer Im Dong-hyun scored a record 699 points.