Theater critic Chloe Veltman wrote this week that the recession is taking its toll on the performing arts. As the Weekly was about to go to press, more bad news emerged: San Francisco's famed Magic Theatre may have to cancel its 2009 season if it can't raise $350,000 by Jan. 9.
A statement posted on the Magic's Web site blamed the theater's woes on its "accumulated debt of $600,000, combined with sharp declines in earned and contributed revenue due to the global economy."
The announcement
Now that Wall Street investments have collapsed in value, it's fair to credit Nancy Pelosi's lead in the 2005 battle against Social Security privatization for saving us all from spending old age in abject poverty."In this downturn in the financial -- the stock market, thank God we won that fight," Pelosi told Jim Lehrer on Jan. 8.There's another act of salvation by a San Francisco pol you may not have known about: Now that the global debt crisis is severely punishing borrowers seeking to refina
Did stimulus really help them?Washington's elected officials and punditocracy have of late been consumed in hashing out the shape of an economic stimulus package. While no love has been lost between Republicans and Democrats in the pit fight over the bill's final shape, both sides say they recognize that some form of government action is needed, and needed promptly. "I can tell you that doing nothing is not an option," President Obama said today during an appearance in the economic disaster zone
What happens to the document you spend hours perfecting -- until your computer crashes and burns? Sure, the data is lost -- but, existentially, where does it go? Is there a special corner of the universe chock full o' unsaved term papers and other e-casualties? If so, perhaps that's where peeved shareholders of the San Francisco-based management investment company iShares should look. A class action suit filed Tuesday in local district court seeks redress for what could arguably be characterized
That paragon of quality news reporting, Fox, ran a story on its Web site today about two local arts organizations that received federal stimulus funding for "...Saturday night 'pervert' revues and the airing of pornographic horror films at art houses in San Francisco." The two organizations in question are CouterPULSE and Frameline. The National Endowment for the Arts received $80 billion of the $787 billion stimulus package. Of that $80 million, CounterPULSE received $25,000 and Framel