“Slumping ticket sales contributed to a $1.2 million deficit for the TSO’s 2012/13 season, up from the prior year’s $837,736 deficit, it was announced Tuesday at the annual general meeting.”
Tag: 12.04.13
St. Paul Chamber Orchestra’s Turnaround Year
“The orchestra recorded a surplus of about $280,000 on total revenue of $9.5 million. The extra money will reduce to $512,000 an accumulated deficit that the SPCO hopes to eliminate in the next few years.”
How Do We Make Sure Detroit’s Art Sale Doesn’t Happen Again
“The real goal, in a larger perspective, is how to de-monetize art. It’s too late for Detroit to think about such things–any attempt to keep its art out of the market would be vigorously protested by the city’s creditors–but the Detroit crisis has people thinking about how to avert such things in the future.”
Value Set For Detroit’s DIA Art Inflames Debate
“A figure less than $2 billion is likely to inflame the passions of bondholders, unions and other creditors who see DIA masterpieces as a prime source for recovering the billions they are owed by the city. It also increases the chances that a court battle over the fate of the DIA will become even more contentious as Kevyn Orr prepares his plan of adjustment to restructure city finances.”
New Bill In U.S. Congress Could Make College Textbooks Free
“[That] is the idea behind the Affordable College Textbook Act, a bill recently introduced in Congress by Senators Dick Durbin and Al Franken. The bill would create a grant program that would support the creation and use of so-called ‘open textbooks,’ meaning textbooks that are licensed under terms that allow them to be accessed and distributed for free.”
Federal Judge Gives First Hint Of Detroit Art Collection’s Status In City’s Bankruptcy
“‘A one-time infusion of cash by selling an asset,’ he [wrote], would have only delayed the city’s ‘inevitable financial failure’ unless it could have also come up with a sustainable way to enhance income and reduce expenses. Judge Rhodes added that in considering selling assets, a city ‘must take extreme care that the asset is truly unnecessary in carrying out its mission’.”
The Blonde American Who’s Amazing Arabs By Singing Their Music
Jennifer Grout, a 23-year-old from Boston who speaks almost no Arabic, sings it so well that she’s now a finalist on this year’s Arabs Got Talent – the only one performing the classical repertoire in which Umm Kulthum and Fairouz became famous but which most younger Arabs neglect.
Barnes Foundation Director Stepping Down
“Derek Gillman, the British-born executive director and president of the Barnes Foundation who guided it through the latter stages of a controversial move from its longtime home in suburban Merion to a grand new gallery on the Benjamin Franklin Parkway, announced his resignation Tuesday.”