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“Kites,” the adventure film from Mumbai-based Reliance Big Pictures, took in almost $1 million during the weekend to become the first Bollywood movie to open in the top 10 in the U.S. and Canada.
The film, introduced in 207 theaters, had sales of $958,673, researcher Hollywood.com Box-Office said yesterday in an e-mail.
For more news check here
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The worse is not over yet.. or so it seems...
"Yes, the eurozone crisis of PIIGS [Portugal, Ireland, Italy, Greece, and Spain] is a primary cause of that—even Jean-Claude Trichet agrees with my assertion back in February that the E.U. may be facing a double-dip. But more than a few small European economies may be at stake. The recent problems faced by Greece are only the tip of a sovereign-debt iceberg in many advanced economies (and a smaller number of emerging markets). Bond-market vigilantes roiling Spain, Portugal, Ireland, and Iceland have pushed government bond yields higher and forced Germany, France, and the IMF to step in with an unprecedented array of rescue measures. But outside the eurozone, the United Kingdom, and yes, eventually Japan and the United States, will all face the same music eventually if fiscal policy remains on its current unsustainable path."
For more, read here
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From the same link above...
"One of the great ironies of the age, as I mentioned in Crisis Economics, is that fact that while the U.S. proved to be the catalyst for the global financial crisis, it has also benefited from the fact that the crisis is denominated in U.S. dollars. No end to that reality is in sight, no matter how infuriating it proves to Chinese and other emerging-market policymakers."
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It is tragic - the accident involving the Air India flight from Dubai to Mangalore.
In case you had not heard, check on the tragedy here
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