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House's top Hispanic Dem is in a fight for his political life
Espaillat is soliciting donations from colleagues, with one telling Axios he had "never asked me for money" before.
Politics: Statewide amendment battles begin; Bell, Bush tangle on tornado money
County election officials spent the past week certifying ballots for the August primary even as uncertainty looms over which congressional maps will ultimately be used.
Italian Police Uncover Dead Mob Boss’s $230 Million Business Empire
When Matteo Messina Denaro died in 2023, many of his secrets died with him. That began to change with a tip about a wealthy Sicilian woman’s significant assets in a tiny European principality.
Opinion | What would seizing the science center’s Main Street property actually accomplish?
Why are local taxpayers being asked to spend public money to destroy a 30-year-old educational institution that has already served more than 375,000 children and families? Letter to the editor.
Joe Neunder says he’s not the developer candidate. The receipts say otherwise.
Developer money shadows Joe Neunder’s controlled-growth campaign pitch in Sarasota.
Lawmakers Push IRS To Issue 'Prompt' Tax Guidance For Marijuana Businesses Now That Rescheduling Is Happening
A group of congressional lawmakers are pressing federal officials to issue “prompt guidance” on tax issues for marijuana businesses in light of the Trump administration’s move to federally reschedule cannabis. A new letter, led by Reps. Steven Horsford (D-NV and Steve Cohen (D-TN), notes that “state-legal cannabis businesses have been denied ordinary business tax deductions […]
Anthropic raises $65 billion, now valued at $965 billion
Anthropic said on Thursday it has raised $65 billion in a series H funding round, valuing it at $965 billion post-money.
Newsom wants to claw back Trump fund cash as California burns billions on rail and other boondoggles
Gov. Gavin Newsom proposes a 100% tax on Californians who receive money from Trump's Anti-Weaponization Fund, calling it a reward for Jan. 6 rioters.
Business Coaching or Business Scam? FTC Shares Red Flags
FTC warns business owners and consumers to be cautious of coaching programs promising quick money, guaranteed income or little risk.
Launder Your Bottom Line with Money Fronts Bonuses
Give tourists and locals a bird’s-eye view of the Southern San Andreas scenery while taking your money laundering business to new heights with the Higgins Helitours front — available for Hands On Car Wash owners to claim for free at Maze Bank...
Granberg joins advisory group to Trump’s college sports roundtable
A University spokesperson said Granberg is participating in an advisory group of college presidents to Trump's Saving College Sports roundtable which is advocating for reforms in collegiate athletics, like regulating the process by which student-athletes earn money and establishing structured rules for the transfer portal and NCAA eligibility.
Couple who sold to Pepsi for $2 billion says going into business with your romantic partner is ‘not for the weak’
Poppi’s husband-and-wife cofounders Stephen and Allison Ellsworth will be the first to tell you “there’s no such thing as balance.”
Follow the money: Who's backing California's next governor
Spending on the California governor’s race is breaking records, and it’s not just Tom Steyer’s $213 million in contributions
Polish scientists and students rally in campaign for 3% funding target
Polish scientists and students have been flooding social media with calls on the government to raise research and development spending as part of 3% for Science, 100% for Poland, a campaign born earlier this month out of frustration with chronic underfunding in the academic sector. On May 27, thousands took the slogan on to the streets.The EU has been trying to convince member states to raise their R&D expenditures to 3% of GDP for more than two decades, but the idea has never gained traction in capitals. Finance ministers were too busy plugging budget holes created in the aftermath of the 2008 crisis, then the Covid pandemic, the war in Ukraine, and now the war in Iran.Critics say that countries missed or ignored the target because it is voluntary, but also because research communities have rarely raised their voice to put pressure on national governments. The European Commission hopes to make the target legally binding in the upcoming European Research Area Act, an EU-wide regulation that should be announced by the end of the year. Academia in Poland has been faced with a funding crisis for years, often leaving its members with no other choice but to work abroad in order to access better resources, or leave the sector altogether in the hope of earning a decent living. The risk, in the long-term, is that brain drain stifles local innovation capacity and technological competitiveness.In just a few weeks, the movement rallied nationwide support, including from major academic bodies and trade unions such as the Conference of Rectors of Academic Schools in Poland and the Presidium of the Polish Academy of Sciences. Its public petition collected more than 23,000 signatures. On May 27, it formed the first large protest for science in Poland, gathering thousands of people in front of the parliament building in Warsaw.Ilona Uryga-Bugajska, representative of the Marie Curie Alumni Association Poland Chapter, was there. “The protest was peaceful, with no incidents reported, and the entire event took place in a respectful and calm atmosphere,” she said. Banners she saw in the crowd carried slogans such as “A little longer and I’ll be teaching in a supermarket,” “National culture, starvation salary,” “Stop the destruction of science,” “Passion will not pay the rent,” “Without action, don’t expect a better future,” and “Pull science out of the hole.” She also observed a strong presence of young researchers, who are on the frontline of Poland’s academic crisis.“Academics are usually people who prefer discussion, analysis, dialogue and compromise. We are not a group that protests easily,” said Katarzyna Marzec, professor at the Faculty of Pharmacy of the Jagiellonian University Medical College and AGH University of Krakow, who also took part. “But many of us feel that we have been pushed against the wall.”Aleksandra Rutkowska, translational neuroscientist and research group leader at the Medical University of Gdańsk, agreed. “Frustration in the scientific community is very high,” she said. “Science is often used politically as a symbol of innovation and modernity, but the everyday reality inside many institutions is much more difficult. There is a large gap between the public narrative and the actual condition of the sector.”Maria Wiktoria Górna, head of the structural biology group at the University of Warsaw and one of the organisers of the movement, told Science|Business that the campaign would continue without proven results. This might involve another strike in the autumn, she said. “Empty promises are not enough by now.”Campaign demandsAccording to Uryga-Bugajska, the organisers officially presented their demands and concerns to representatives of the government present at the event. These included Marek Gzik, deputy minister of science and higher education, and Karolina Zioło-Pużuk, secretary of state of that same ministry.The headline demand, for the government to increase national spending on R&D to 3% of GDP by 2030, should be within Poland’s economic capacity, Rutkowska said. “The real question is whether there is genuine long-term political commitment to treating science as a strategic priority rather than a slogan.”In 2024, R&D expenditure in Poland stood at 1.41% of GDP, which is slightly above the average for central and eastern Europe, with countries such as Czechia recording 1.82%, Hungary 1.31% and Romania 0.46%. However, it falls noticeably short of the EU average of 2.24%, which just a handful of countries exceed, including Germany, Belgium and Sweden.Campaigners are also asking for fair wages for scientific staff, including PhD stipends and junior academic salaries, which are widely considered uncompetitive. Starting doctoral scholarships amount to some €843 gross per month, when the statutory minimum wage stands at €1,135. By pushing early-career researchers out of Poland, growing precarity has caused a generational gap in the academic workforce, with just 25% of lecturers aged under 40. In this context, the movement fears that scientific careers could soon be accessible to a privileged minority only.Grzegorz Spólnik is a case in point. After 15 years working in mass spectrometry at the Polish Academy of Sciences, he decided to leave partly “to earn enough money to live a normal life,” he said. “At that time, my earnings were similar to those of people working in grocery shops, and the work-life balance is something that does not exist in science, or is very hard to achieve.”Now a senior field service engineer for Polish laboratory equipment supplier Bioanalytic, he would consider going back to research, “but never in the public sector, maybe some start-up or a big private company with ambitious R&D.”The campaigners want to see more support for basic research and have called for €236 million to be added to the budget of the National Science Centre (NCN) in 2027 so that the average grant application success rate does not fall below 25%.“At the protest, there was a banner I particularly liked: ‘NCN is not a lottery.’ Unfortunately, for many researchers, it increasingly feels exactly like one,” Marzec said. “Personally, I am one of the lucky ones. I work at two of the strongest institutions in the country, where the research standards are very high. I know that in many other institutions, the situation is much worse and obtaining funding for research at an early-career stage is becoming nearly impossible.”Rutkowska also considers herself fortunate. After studying abroad and holding a postdoctoral position, she returned to Poland, where her pay was supported through an NCN-funded project linked to the Marie Skłodowska-Curie Actions. “This also made me very aware that good research conditions in Poland often depend on external competitive funding rather than on stable support from the system itself,” she said.Long-term strategyBeyond the lack of funds for both salaries and grants, scientists believe that the issue is structural. “The biggest problem at the moment is the complete lack of a clear long-term strategy for the development of science and research from the current government,” Marzec said. “Everything ends with declarations and promises that are never truly followed by concrete actions or structural reforms.”Rutkowska agreed, citing a lack of infrastructure, continuity and long-term institutional support.“Running a research group in Poland often means functioning as an entire institution at once,” she said. “I am a principal investigator, a mentor, a recruiter, a project administrator and, when needed, still someone who returns to the lab bench to help with experiments,” she went on. “This creates a large hidden workload that takes time and energy away from actual science. At times, it feels as though scientists are no longer expecting extra help; we simply hope the system will stop creating additional obstacles that make research unnecessarily difficult.”Related articlesStrategic thinking: Germany funds joint research with Poland and FrancePoland to transfer €30M of regional funds to boost Horizon Europe participationPoland is funding fewer basic research grants as high inflation hitsIn short, “academics are expected to teach, publish papers, apply for grants and conduct high-quality research, while funding and salaries remain very limited,” said Uryga-Bugajska, who returned to her home country after 13 years in the UK.According to Marzec, another issue is the way that research institutions are evaluated. Previously, this took place every four years, with a clear differentiation between stronger and weaker institutions. “The current government, perhaps to avoid political backlash, effectively concluded that everyone is doing well, so in practice no meaningful evaluation took place,” she said.But in her view, “some form of serious assessment is necessary” to ensure the excellence and international competitiveness of Polish institutions, and to determine how to best use public resources and where institutional structures need reform. “Some institutions may need to rethink hiring practices in order to attract ambitious young researchers who are capable of obtaining competitive grants and building internationally visible research groups.” Rutkowska has already had to adapt. “When hiring PhD students, I often have to combine different funding sources creatively to make positions attractive enough for talented people to stay in science,” she said. “Many young researchers do not see a stable future in academia in Poland, and that is deeply worrying.”
Polish scientists and students rally in campaign for better conditions
Polish scientists and students have been flooding social media with calls on the government to raise research and development spending as part of 3% for Science, 100% for Poland, a campaign born earlier this month out of frustration with chronic underfunding in the academic sector. On May 27, thousands took the slogan on to the streets.The EU has been trying to convince member states to raise their R&D expenditures to 3% of GDP for more than two decades, but the idea has never gained traction in capitals. Finance ministers were too busy plugging budget holes created in the aftermath of the 2008 crisis, then the Covid pandemic, the war in Ukraine, and now the war in Iran.Critics say that countries missed or ignored the target because it is voluntary, but also because research communities have rarely raised their voice to put pressure on national governments. The European Commission hopes to make the target legally binding in the upcoming European Research Area Act, an EU-wide regulation that should be announced by the end of the year. Academia in Poland has been faced with a funding crisis for years, often leaving its members with no other choice but to work abroad in order to access better resources, or leave the sector altogether in the hope of earning a decent living. The risk, in the long-term, is that brain drain stifles local innovation capacity and technological competitiveness.In just a few weeks, the movement rallied nationwide support, including from major academic bodies and trade unions such as the Conference of Rectors of Academic Schools in Poland and the Presidium of the Polish Academy of Sciences. Its public petition collected more than 23,000 signatures. On May 27, it formed the first large protest for science in Poland, gathering thousands of people in front of the parliament building in Warsaw.Ilona Uryga-Bugajska, representative of the Marie Curie Alumni Association Poland Chapter, was there. “The protest was peaceful, with no incidents reported, and the entire event took place in a respectful and calm atmosphere,” she said. Banners she saw in the crowd carried slogans such as “A little longer and I’ll be teaching in a supermarket,” “National culture, starvation salary,” “Stop the destruction of science,” “Passion will not pay the rent,” “Without action, don’t expect a better future,” and “Pull science out of the hole.” She also observed a strong presence of young researchers, who are on the frontline of Poland’s academic crisis.“Academics are usually people who prefer discussion, analysis, dialogue and compromise. We are not a group that protests easily,” said Katarzyna Marzec, professor at the Faculty of Pharmacy of the Jagiellonian University Medical College and AGH University of Krakow, who also took part. “But many of us feel that we have been pushed against the wall.”Aleksandra Rutkowska, translational neuroscientist and research group leader at the Medical University of Gdańsk, agreed. “Frustration in the scientific community is very high,” she said. “Science is often used politically as a symbol of innovation and modernity, but the everyday reality inside many institutions is much more difficult. There is a large gap between the public narrative and the actual condition of the sector.”Maria Wiktoria Górna, head of the structural biology group at the University of Warsaw and one of the organisers of the movement, told Science|Business that the campaign would continue without proven results. This might involve another strike in the autumn, she said. “Empty promises are not enough by now.”Campaign demandsAccording to Uryga-Bugajska, the organisers officially presented their demands and concerns to representatives of the government present at the event. These included Marek Gzik, deputy minister of science and higher education, and Karolina Zioło-Pużuk, secretary of state of that same ministry.The headline demand, for the government to increase national spending on R&D to 3% of GDP by 2030, should be within Poland’s economic capacity, Rutkowska said. “The real question is whether there is genuine long-term political commitment to treating science as a strategic priority rather than a slogan.”In 2024, R&D expenditure in Poland stood at 1.41% of GDP, which is slightly above the average for central and eastern Europe, with countries such as Czechia recording 1.82%, Hungary 1.31% and Romania 0.46%. However, it falls noticeably short of the EU average of 2.24%, which just a handful of countries exceed, including Germany, Belgium and Sweden.Campaigners are also asking for fair wages for scientific staff, including PhD stipends and junior academic salaries, which are widely considered uncompetitive. Starting doctoral scholarships amount to some €843 gross per month, when the statutory minimum wage stands at €1,135. By pushing early-career researchers out of Poland, growing precarity has caused a generational gap in the academic workforce, with just 25% of lecturers aged under 40. In this context, the movement fears that scientific careers could soon be accessible to a privileged minority only.Grzegorz Spólnik is a case in point. After 15 years working in mass spectrometry at the Polish Academy of Sciences, he decided to leave partly “to earn enough money to live a normal life,” he said. “At that time, my earnings were similar to those of people working in grocery shops, and the work-life balance is something that does not exist in science, or is very hard to achieve.”Now a senior field service engineer for Polish laboratory equipment supplier Bioanalytic, he would consider going back to research, “but never in the public sector, maybe some start-up or a big private company with ambitious R&D.”The campaigners want to see more support for basic research and have called for €236 million to be added to the budget of the National Science Centre (NCN) in 2027 so that the average grant application success rate does not fall below 25%.“At the protest, there was a banner I particularly liked: ‘NCN is not a lottery.’ Unfortunately, for many researchers, it increasingly feels exactly like one,” Marzec said. “Personally, I am one of the lucky ones. I work at two of the strongest institutions in the country, where the research standards are very high. I know that in many other institutions, the situation is much worse and obtaining funding for research at an early-career stage is becoming nearly impossible.”Rutkowska also considers herself fortunate. After studying abroad and holding a postdoctoral position, she returned to Poland, where her pay was supported through an NCN-funded project linked to the Marie Skłodowska-Curie Actions. “This also made me very aware that good research conditions in Poland often depend on external competitive funding rather than on stable support from the system itself,” she said.Long-term strategyBeyond the lack of funds for both salaries and grants, scientists believe that the issue is structural. “The biggest problem at the moment is the complete lack of a clear long-term strategy for the development of science and research from the current government,” Marzec said. “Everything ends with declarations and promises that are never truly followed by concrete actions or structural reforms.”Rutkowska agreed, citing a lack of infrastructure, continuity and long-term institutional support.“Running a research group in Poland often means functioning as an entire institution at once,” she said. “I am a principal investigator, a mentor, a recruiter, a project administrator and, when needed, still someone who returns to the lab bench to help with experiments,” she went on. “This creates a large hidden workload that takes time and energy away from actual science. At times, it feels as though scientists are no longer expecting extra help; we simply hope the system will stop creating additional obstacles that make research unnecessarily difficult.”Related articlesStrategic thinking: Germany funds joint research with Poland and FrancePoland to transfer €30M of regional funds to boost Horizon Europe participationPoland is funding fewer basic research grants as high inflation hitsIn short, “academics are expected to teach, publish papers, apply for grants and conduct high-quality research, while funding and salaries remain very limited,” said Uryga-Bugajska, who returned to her home country after 13 years in the UK.According to Marzec, another issue is the way that research institutions are evaluated. Previously, this took place every four years, with a clear differentiation between stronger and weaker institutions. “The current government, perhaps to avoid political backlash, effectively concluded that everyone is doing well, so in practice no meaningful evaluation took place,” she said.But in her view, “some form of serious assessment is necessary” to ensure the excellence and international competitiveness of Polish institutions, and to determine how to best use public resources and where institutional structures need reform. “Some institutions may need to rethink hiring practices in order to attract ambitious young researchers who are capable of obtaining competitive grants and building internationally visible research groups.” Rutkowska has already had to adapt. “When hiring PhD students, I often have to combine different funding sources creatively to make positions attractive enough for talented people to stay in science,” she said. “Many young researchers do not see a stable future in academia in Poland, and that is deeply worrying.”
Meta Eyes AI Subscriptions While AI Rivals Target Meta’s Ad Business
The social giant wants to make money from its chatbot, but its core business may be at risk.
Ad spending starts in crowded Wisconsin Democratic primary for governor
Outside groups are spending money in the Democratic primary for governor, as candidates struggle to stand out in a crowded field.
A private equity giant sees 'unlimited' upside in one booming sector
Carlyle Group CEO Harvey Schwartz says rising global tensions are reshaping where investors put their money.
Australia business investment jumps 6.5% in Q1 on data rush
Australian business investment boomed in the March quarter as firms ploughed yet more money into data centers, figures showed on Thursday, while companies also upgraded spending plans for coming months.
Petition drive to get "money out of politics" submits signatures for ballot campaign
A ballot initiative to ban Michigan’s public utilities and large government contractors from political giving has submitted signatures to go before voters this November.
Americans on health insurance: "I pay a lot of money for and it covers very little"
Michigan’s smartest economic investment? Babies.
Michigan's Rx Kids program gives cash to new moms, proving that investing in babies strengthens the local economy.
Group behind ‘Money Out Of Politics’ campaign submits signatures for Michigan ballot initiative
The group, Michiganders for Money Out of Politics, said its initiative would ban political contributions from some of Michigan’s largest corporations.
Carolina’s Cap Comparison: Offensive Line
How much money are the Panthers spending on their offensive line compared to the rest of the NFL?
Billions in super PAC spending prompts Summer Lee, Bernie Sanders to call for strict limits
WASHINGTON — In a fierce political race two years ago to keep his U.S. Senate seat, Bob Casey was winning the battle to raise more money than his...
Cramer's lightning round: Buy DoorDash
"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
Should Titans fans remember Hank Beatty's name this offseason?
Team gave Illinois WR nearly $250,000 in guaranteed money, a sum unsurpassed by any other undrafted free agent
28-year-old CEO of Kickback makes money selling retro tech
London Jackson grew up in the 2000s. Now he's running a business selling tech gadgets inspired by the Y2K era.
Seth Rogen on comedy, money and all those awards
Founded by Seth Rogen, Evan Goldberg and James Weaver, Point Grey Pictures has had a successful awards season with its comedic hit, "The Studio."
Got a ticketmaster lawsuit email? Class action suit includes those who bought tickets since 2010
If you bought concert tickets since 2010, you could be owed money from a growing Ticketmaster lawsuit. Here’s how to check and apply.
Memorial Day campaign supports veterans’ mental health
The Big Red Barn Retreat is raising money for its Horses for Mental Health campaign, which provides no-cost equine-assisted programs for veterans and first responders.
Budget conference: House and Senate strike land deal on USF transfer to New College
The biggest concern for lawmakers to bridge an agreement stemmed from money — not land.
Porsche Built The 993 For The 1990s, This One Was Built For The Future
One of 25 Gunther Werks Speedsters is heading to auction and it’s guaranteed to fetch close to hypercar money
14 years after being announced, Star Citizen hits $1 billion in funding.
Announced over a decade ago in 2012, and still floundering in Early Access with no release date in sight, Star Citizen keeps raising money, somehow. According to the funding page, it has now officially crossed the $1 billion mark. [Media: https://www.threads.com/@wario64/post/DYuqFGtGiQc?xmt=AQG0ina5TU2eMHAqf8D67F8GEa7iRI6CPEhaxYPeNO9jVedIr6EJBwqCtZm5OMl8tnQeYqyg]
Agitators united by Chinese money, hate for America target data centers, experts warn
Experts warn climate activists, anti-Israel protesters and other movements have formed an anti-American alliance now targeting U.S. AI infrastructure.
I teach wealth management. Avoid these spending traps to save money.
Eton Solutions CEO Rob Mallernee, who teaches private wealth management, has advice for saving money. It starts with reconsidering that $4 coffee.
Savings tips from early retirees, financially independent individuals
Savvy savers say the goal isn't necessarily to cut out every small pleasure. It's to be more intentional about where your money is going.
College sports have a cash problem. Guns N’ Roses, Savannah Bananas could be part of the solution
University athletics departments are searching everywhere for additional money — from stadiums to trophy cases to sponsorships — as they grapple with rising costs.
Budget conference: House, Senate agree on operating money for UF Health
A bipartisan effort brings home the bucks.
Lawsuits and political blowback don’t dim interest in $1.8B ‘Anti-Weaponization Fund’
Trump allies, Jan. 6 defendants and those pardoned for crimes during the Biden administration say they’d like a piece of the massive money pot. But challenges remain.
Trump Has a Plan to Give Taxpayer Money Directly to His Friends—and It Still Might Not Be This Week’s Worst Political Blunder
Does anyone want to win the midterms?
Should You Lend Money to Friends? More People Are Open to the Arrangement.
Friendship and money don’t always mix. But many Americans feel comfortable discussing financial issues with their friends and lending them money.
LET'S TALK MONEY: How do other owners step back from their business?
Hi Taylor: I started my business five years ago and we’ve got a solid crew now, but I’ll be honest. I’m still the first one there in the morning and
Scientists discover a shortcut to the moon that NASA missed
Getting to the moon is partly a fuel problem. Plotting the most efficient path between two points in space saves propellant, and every kilogram of propellant conserved is money in the bank. Even tiny ...
Redistricting shuffle: James Martin stays put as new money leader in CD 21
Both he and Bernard Taylor will stay in the race as Pia Dandiya shifts to a neighboring seat.
Opinion | Court Cases About Money and Speech in Politics
Readers discuss court cases about campaign finance. Also: Computer science and the humanities.
Steve Wozniak says he didn’t cofound Apple to ‘make money’—he only did it because he was rejected by HP 5 times, and for years his pay was just $50
While he could’ve been a trillionaire today, Apple cofounder Steve Wozniak sold his stake early: “I didn’t want to be near money, because it could corrupt your values.”
In Democratic runoff, Reps. Al Green and Christian Menefee clash over influence of big money in politics
The clash embodies the tension for Democrats who rely on large fundraising hauls to remain competitive, even as they denounce the outsized political influence of corporate cash.
Space X’s Ambitions Are Intergalactic. Its Business Is Selling You Internet.
The world’s richest man needed lots of money—and a moonshot. So he built Starlink.
Federal case alleges $30 million theft by health payment CEO
Patrick Alan Bucknum, 55, was charged with wire fraud May 7 in federal court in Spokane. Prosecutors say he embezzled money out of his firm to the tune of $24
President Daniels in WSJ op-ed: Get the federal science money flowing
JHU president, University of Kansas chancellor urge federal agencies to release congressionally appropriated funds to fuel America's research engine
Cannabis Business Leans on Schedule III Listing, Asks US Tax Court to Recognize 280E Refunds for Prior Years
The IRS can’t dispute that medical cannabis falls outside the meaning of Schedule I or II ‘without contradicting the president, the acting attorney general and HHS,’ the company says.
Republicans expected to abandon $1B security proposal for White House and Trump's ballroom
WASHINGTON (AP) — Senate Republican leaders on Thursday are expected to abandon a proposal for $1 billion in security money for the White House complex and President Donald Trump’s ballroom amid backlash from members of their own party. Pressured by the White House, Republicans tried to add the money to a roughly $70 billion bill to restore funding to U.S. Immigration and Customs Enforcement and the Border Patrol. But the security proposal met with opposition
Republicans recoil as Trump's billion-dollar DOJ 'slush fund' for allies threatens ICE, Border Patrol plan
Senate Republicans break with Trump over his $1.8 billion anti-weaponization fund, raising concerns about who gets the money and where it comes from.
Stuck in the hospital? A WA program offers a path to speed recovery, save money
On any given day in Washington, state estimates show nearly 850 patients are medically ready for discharge, but myriad barriers keep them in the hospital.
Could microscopic spheres of silica help cool the planet?
Private money is bringing new ideas—and new concerns—to solar-geoengineering research
Republicans expected to abandon $1B security plan for White House and ballroom
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Dark money group funds Nebraska initiative to limit sports participation to biological sex
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Republicans could abandon $1bn proposal for Trump’s ballroom
Republican senators have queried the timing and lack of detail in secret service bid to add money to the Department for Homeland security bill
There’s more to Trump’s corruption than stealing money
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A money mindset trick to increase your savings rate
"A business is trying to earn a profit, right? It's the exact same thing for you — your savings are your profit."
Why College Sports Should Go Corporate
Teams are worth a lot of money that public universities could use to fund academic priorities. It’s also an opportunity to abandon the myth of the “student-athlete.”
'MOP UP MICHIGAN' | Group targets utility spending, mystery money in MI politics with proposed ballot initiative
Michigan group says it has signatures to propose ban on utility, business donations
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Senate G.O.P. Ready to Drop Ballroom Funds From ICE Bill
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Opinion | Get the Federal Science Money Flowing
The NIH has been holding back grants from funds Congress has already approved.
Money Out of Politics group ‘confident’ proposal will make Michigan ballot
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On ‘Jewish Money’ in American Politics
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Cornyn-Paxton Runoff Lures Lobbyist Money, Business Endorsements
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Fresno County departments of behavioral and public health allowed at Pride Festival
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France Politics
French President Emmanuel Macron delivers his speech during a conference named "No Money for Terror", on the sidelines of the G7 finance ministers meeting, aimed at cutting off financing of
Bill Belichick’s Hall of Fame snub sparks political bias debate
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Chemist Rebekka Klausen wins prestigious Brown Investigator Award
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Mainstream anime moments create big business opportunities
Anime has gone mainstream in the United States, drawing millions of fans who spend big money on conventions, streaming, gaming, and merchandise. But anime is no longer reserved just for cosplayers. Now, businesses and sports franchises are increasingly tapping into anime culture to grow audiences, strengthen fan loyalty, and create new revenue opportunities.
Why Owning a Sports Team Is the Ultimate Status Symbol
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Whoa! Netflix is Sending Narnia Heading to Theaters...What This Means for the Future of Film
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Here’s a funny thing about the debate over whether streamers should release their movies in theaters first: Both sides think the other side represents the “conventional wisdom”. If you’ve been reading me for any amount of time, or even just scanned my front page, you know I think movies make more money by having a robust theatrical window compared to going straight-to-streaming. I’ve published thousands of words on this topic. And for years, I felt like I was standing up to a wave of opposition. See, while the “put your films in theaters to make money” take was obvious at any point before 2019, post-streaming revolution, most of the trendy thinkers took the opposite point of view. Big names argued that Netflix putting their film straight-to-streaming (“S-to-S” from here on out) actually made more money. Netflix was “disrupting” theaters, just as they disrupted Blockbuster Video, and since innovation is always good, this too was a great idea. This thinking then leaked into the mainstream business outlets like the Wall Street Journal and Bloomberg. I read many articles whose take boiled down to “Netflix makes tons of money from S-to-S releases” and “theaters were in structural decline” anyways. Covid-19 shutting down theaters and the 2023 strikes shutting down film production seemingly justified this point of view, as the box office struggled to return to 2017-2019 heights. Yet I’ve also read folks arguing the opposite point: the conventional wisdom says to put films in theaters! From some writers’ points of view, “everyone” actually agrees/agreed with my “send your films to theaters” take—especially the stodgy traditional studios—and folks still didn’t understand Netflix’s genius. I feel like, for the last two years, many people have argued this point as if it’s conventional wisdom. You know what? I may have been wrong. At this point, the “S-to-S strategy makes money” might be the minority viewpoint. Especially with the news this month that Netflix will put at least one film—Greta Gerwig’s Narnia film The Magician’s Nephew—in theaters in 2027 for a full 49-day run is big news. So that’s the story of the week, but I’ll also explain why they’re making this move now and why Netflix may not completely embrace theaters, along with other topics, like how I don’t buy Disney’s “super app” strategy, the latest good news out of the unions, my take on the latest attacks against free speech, and a whole lot more. Let’s get started. Subscribe Most Important Story of the Week - Netflix Goes to Theaters! Listen, I promise not to victory lap too hard today. As I just wrote, I’ve argued against sending films straight-to-streaming for—checks calendar—eight years now. Since 2018. Yikes. That’s a long time. And for years, others painted my thinking as “conventional” in that I was standing up for the status quo against trendy, cool disruption. And that’s not cool! But math is math, and I never could make the S-to-S numbers work. The only thing that ever enabled that model was Wall Street’s brief exuberance for it. It seems like the heads of Netflix now agree with me. (There were always rumors that former head of film for Netflix Scott Stuber argued internally for theatrical releases as well.) As they announced: “The Magician’s Nephew_—the first film in a Narnia series of films—will open on 12-Feb-2027, with a 49 day theatrical exclusive run.”_ I’m a little surprised at how little coverage this big change actually got. Credit to Bloomberg for leading with it and Matt Belloni’s The Town for highlighting it with the provocatively titled podcast “Hell Hath Frozen Over”. But after that? Instead of getting as much coverage as, say, the FCC’s latest egregious crackdown on free speech, this news story got crickets. But it’s massively more important for the future business of entertainment. So let’s start with the obvious question… Why Put Your Movies in Theaters? So…why should Netflix put (some!) of their movies in theaters? Well, I’ve already written that in a very, very, very long article from 2022: [ ](https://entertainment.substack.com/p/the-data-is-in-theatrical-films-massively) [ The Data Is In: Theatrical Films Massively Outperform Straight-To-Streaming Films ](https://entertainment.substack.com/p/the-data-is-in-theatrical-films-massively) Entertainment Strategy Guy · April 5, 2023 [ Read full story ](https://entertainment.substack.com/p/the-data-is-in-theatrical-films-massively) To summarize, theatrical runs make much more money, especially blockbusters, because they earn more money per viewing,1 and that helps boost home entertainment sales. Theatrical films also perform as well or better than the streaming-only films. Now, partially this is driven by increased marketing for said films, but said marketing ultimately boosts the awareness of the movies and drives improved streaming and library performance as well. Again, I’ve made this case after reviewing the economic models and streaming data for years. Just last week, Emily Horgan also made the case for kids films! Yes, it is probably conventional wisdom, but that’s also because it’s true! I’d also argue we’ve seen a lot of data in the various studios’ behavior. As I’ve noted before, the more a studio needs to make money, the likelier they are to put films in theaters. As such, Disney, Universal, Warner Bros., Paramount and Sony all send their major films to theaters. Even if they once made a big S-to-S push (*cough* Disney *cough*), they’ve since relented and returned to theaters. The tech companies don’t need to make money, per se, so it took them years to embrace theaters. Apple doesn’t need to make money because it doesn’t disclose their (likely) Quibi-sized losses each year. (They fear bad press more than losing money.) Amazon announced two years ago that they planned to make Amazon-MGM Studios/Prime Video profitable on its own, and guess what? Now they’re putting films in theaters. That leaves Netflix. They’re in between the “no need to make money at all” and the “desperately need to make money to offset linear TV declines”, so they had less pressure to put some films in theaters. Plus, for years, they were the sexy disruptor, and Wall Street rewarded them for that. (Honestly, they still do.) Yet, even Netflix likely saw the money they were leaving on the table (I’ve estimated it at an easy billion dollars before) so they changed their course. I heard one pundit argue that, because Netflix already makes so much money, they don’t need to make more money, which sort of goes against everything I’ve ever learned about business and economics. Again, to be super-nuanced, sending “films to theaters” does not mean EVERY film. TV movies have been a thing for decades. Lifetime films, Hallmark holiday films, Disney Channel Original Movies, and so on, don’t need theatrical runs. But films above a certain budget level (say $25 to 50 million) almost certainly need theaters to maximize their revenue. The Scenarios (with a Dose of Skepticism) Now time for some skepticism: it won’t surprise me at all if Netflix re-changes course. Specifically, Netflix announced that their Narnia film will go to theaters. And I’d bet anything we see KPop Demon Hunters 2: The Huntering2 also goes to theaters, cause it’s the surest hit outside of a Disney animated sequel right now. But how much does Netflix truly commit to theaters? They’ve already tried to emphasize that this is a one-off move. I see three broad scenarios:
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Pete Buttigieg visits Butte to discuss removing corporate money from Montana politics
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Pete Buttigieg visits Butte to discuss removing corporate money from Montana politics
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