Endowments have long been viewed as the bedrock upon which the long-term financial health of arts organizations is built — money that was painstakingly accumulated and protected over decades to finance the future. They are not rainy day funds, or pots of gold to be casually raided to cover some unforeseen expense. A manager who dipped into theirs excessively, taking out more than the widely embraced standard of 5 percent, could put themselves at risk of being cast as shortsighted, or worse, a spendthrift. But the coronavirus pandemic has challenged that orthodoxy because so many largely dormant museums, orchestras and ballet troupes are facing unmatched financial problems. So elite organizations like the Lyric Opera of Chicago and the Los Angeles Philharmonic — institutions with veteran leadership and a track record of solid financial management — now feel they have to blow past the stop signs. The Lyric plans to spend $23 million from its $173 million endowment this … [Read more...] about The Sacrosanct Endowment? Not Anymore for Some Arts Groups
But grassroots groups say they were not paid properly cnn
Bruno Mars Sweeps Top Prizes at the 2018 Grammy Awards
• Bruno Mars swept the top categories, winning album, record and song of the year. • Our writers and critics weigh in on the best and worst moments of the Grammys. • Kendrick Lamar won five awards. Alessia Cara won best new artist. • See all the winners and the red carpet looks . • The music industry acknowledged #MeToo during the ceremony and on the red carpet . The latest: A big night for Bruno Mars. The 60th annual Grammy Awards on Sunday gave its highest accolades to Bruno Mars, an upbeat master of danceable pop, even as the show wrestled with a range of social and political topics including immigration, race and the #MeToo movement. Mr. Mars won all six of the awards he was nominated for, including the top prizes of album, record and song of the year. The next most rewarded artist was Kendrick Lamar, the provocative and critically admired rapper from Compton, Calif., whose five wins included a sweep of the rap categories. Their … [Read more...] about Bruno Mars Sweeps Top Prizes at the 2018 Grammy Awards
Five Officers Charged With Murder in Memphis Police Killing
MEMPHIS — Five Memphis police officers were charged on Thursday with second-degree murder for the death of Tyre Nichols, a 29-year-old Black man, after a traffic stop that escalated into what the authorities have described as a display of staggering brutality. The city has been bracing for more than a week for the release of video footage that officials say depicts in agonizing detail how a stop this month for suspicion of reckless driving ended with Mr. Nichols being hospitalized in critical condition on Jan. 7 and dying three days later. Civic leaders and others in Memphis have raised concerns about the reaction the footage could provoke among residents who are already anguished and outraged about Mr. Nichols’s death. A grand jury returned indictments on Thursday against the five officers — Tadarrius Bean, Demetrius Haley, Emmitt Martin III, Desmond Mills Jr. and Justin Smith — with charges that include kidnapping, official misconduct and official oppression, in addition to … [Read more...] about Five Officers Charged With Murder in Memphis Police Killing
‘I’m Not a Victim’: Pamela Anderson Opens Up About Money, Abuse and the ‘Assholes’ Behind ‘Pam & Tommy’
Click here to read the full article. On the first day of shooting “Home Improvement” in April 1991, Pamela Anderson emerged from her dressing room on the Walt Disney Studios lot and found series star Tim Allen loitering in the hallway in a bathrobe. This seemed normal to the 23-year-old budding actress, but it wasn’t. “He opened his robe and flashed me quickly — completely naked underneath,” Anderson writes in her soon-to-be-released memoir, “Love, Pamela.” “He said it was only fair, because he had seen me naked. Now we’re even.” “I laughed uncomfortably,” she writes. More from Variety Pamela Anderson Alleges Tim Allen Flashed His Penis at Her When She Was 23 (EXCLUSIVE) A Front Row Seat as Pamela Anderson's Super Fans Swarm Broadway's 'Chicago' Sister Takes Minority Stake in 'Be Water' Producer Dorothy Street Pictures The incident, which unfolded just 18 months after Anderson left her small-town home on Vancouver Island and quickly became a Playboy … [Read more...] about ‘I’m Not a Victim’: Pamela Anderson Opens Up About Money, Abuse and the ‘Assholes’ Behind ‘Pam & Tommy’
Editor Daily Rundown: Americans Poorer … Real Disposable Income Fell Over $1 Trillion In 2022
NEW THIS AM: GDP UP, BUT ECONOMY LIMPING… US GDP Ticks Up, But Recession Fears Remain The U.S. economy grew modestly in the fourth quarter of 2022, despite signs of weak domestic demand, according to the Bureau of Economic Analysis (BEA) Thursday. In the fourth quarter, inflation-adjusted gross domestic product (GDP) grew by roughly 2.9%, down slightly from 3.2% in the third quarter, the BEA reported. Recession concerns among economists linger, however, amid fears that the Federal Reserve’s campaign of interest rate hikes — intended to reduce economic demand to slow inflation — will lead to reduced spending and layoffs, The Wall Street Journal reported. “After a recession in the first half of the year, the modest GDP growth in the fourth quarter will do little to alleviate the growing recession fears among small businesses across America,” Alfredo Ortiz, president of the Job Creators Network, said in a statement to the Daily Caller News Foundation. “President Biden will use … [Read more...] about Editor Daily Rundown: Americans Poorer … Real Disposable Income Fell Over $1 Trillion In 2022
At the Met, a Soprano Ascendant
On a recent morning the soprano Sondra Radvanovsky, glamorous in jeans, black jacket and long, glittery earrings, finessed phrasing and diminuendos in excerpts from Verdi’s “Trovatore” at the Upper West Side apartment of Anthony Manoli, her vocal coach. “Get out of Illinois,” he said teasingly about the Italian diction of Ms. Radvanovsky, a 42-year-old Chicago native and acclaimed Verdi soprano who has sung Leonora in more than 150 performances of “Il Trovatore” in major international houses. Mr. Manoli was helping her fine-tune the role (a lady-in-waiting who loves a troubadour) for her coming appearances at the Metropolitan Opera in David McVicar’s production, which returns to the house on Wednesday. “I try and find deeper meanings to Leonora,” Ms. Radvanovsky said. “She’s not the deepest of all characters but she does still take a journey, and I try and find aspects of that journey that are interesting.” This soprano’s alluringly dark-hued voice — with its distinctive … [Read more...] about At the Met, a Soprano Ascendant