Still recovering from heavy spending during the pandemic, hospitals are squeezed by a slumping economy and government efforts to curb health care spending.
Category: Finances
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Brooklyn Museum Will Lay Off Employees and Scale Back Exhibitions
The museum, which faces a projected $10 million deficit, said it planned to cut more than a tenth of its employees and mount fewer exhibitions.
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In San Antonio, an Orchestra Was Reborn. Can It Endure?
The San Antonio Philharmonic was formed after the demise of the city’s 83-year-old orchestra in 2022. But rebuilding has not been easy.
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Jeffrey Epstein’s Estate Got a $112 Million Tax Refund
The estate’s assets have swelled to $145 million, a probate court filing in the U.S. Virgin Islands shows. Much of that won’t make its way to Mr. Epstein’s victims.
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Andreessen Horowitz, Benchmark and the Transformation of Venture Capital
The opposing paths taken by two powerful firms — Benchmark and Andreessen Horowitz — embody a profound debate about the future of an industry that funds and fosters American innovation.
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What if Charity Shouldn’t Be Optimized?
The recent trend in philanthropy has been to look for the most bang for your buck. Maybe you don’t have to.
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Boeing Seeks to Line Up Billions in Financing as Strike Goes On
The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.
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An Oasis in England’s Troubled, Polarized Opera Landscape
The Glyndebourne Festival, which receives little government support, has been mostly immune from recent convulsions of the opera industry in Britain.
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Coppola’s ‘Megalopolis’ Plays to Near-Empty Theaters
Francis Ford Coppola spent roughly $140 million on the film, which debuted to an estimated $4 million in weekend ticket sales.
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A Bargain at the Opera: Philadelphia Offers All Seats for as Low as $11
Seeking new audiences, Opera Philadelphia is putting in place a pay-what-you-can model, one of the first of its kind by a major opera company.
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Burning Man Has Sold Out Since 2011. Why Not This Year?
The desert arts festival returns this month after two consecutive years of challenging weather, including mud that stranded attendees, and a Covid-19 hiatus.
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San Francisco’s Arts Institutions Are Slowly Building Back
Although attendance remains down from prepandemic levels, the city’s arts groups are having some success getting audiences to return.