Andrew Lloyd Webber used the closing night of "Cats: The Jellicle Ball" to deliver a blunt warning about Broadway's financial future, calling the cost of producing new shows unsustainable and urging the industry to "come to their senses." The composer posted on Instagram as the curtain fell for the last time at the Broadhurst Theatre […] The post Andrew Lloyd Webber calls Broadway costs 'unsustainable' as 'Cats: The Jellicle Ball' closes five months early appeared first on American Almanac .
Andrew Lloyd Webber used the closing night of "Cats: The Jellicle Ball" to deliver a blunt warning about Broadway's financial future, calling the cost of producing new shows unsustainable and urging the industry to "come to their senses." The composer posted on Instagram as the curtain fell for the last time at the Broadhurst Theatre on August 8, announcing that the reimagined revival of his landmark musical was shutting down roughly five months ahead of schedule. The show had been pulling in between $900,000 and $1 million a week when it premiered on Broadway in April, but revenue dropped sharply after it lost the best revival of a musical Tony Award to "Ragtime." Variety reported that the financial slide proved fatal despite the…Open
The Iran War continues to place upward pressure on fuel import prices. The post U.S. Import Prices Rise Fastest since October 2022 appeared first on The American Conservative .
U.S. import prices rose by 4.2 percent year-over-year this April, per the Bureau of Labor Statistics’s Import and Export Price Indexes report Thursday morning. This is the highest year-over-year (YOY) increase since October 2022. Fuel import prices increased 16.3 percent in April for the month, following a 10 percent increase in March, as the war in Iran continues. Over a 12-month period, petroleum import prices increased by 22 percent. Export prices rose similarly for the month of April, with an increase of 3.3 percent over the month and 8.8 percent YOY. This is the highest YOY increase since September 2022. Energy shocks and monetary infusions have driven up prices for production and export prices reflect higher producer costs at…Open
U.S. wholesale inflation rose by 6 percent year-over-year in April, marking the highest increase since December 2022.
Wholesale inflation in the U.S. reached its highest level in several years, primarily driven by rising energy costs linked to the Iran war , signifying economic pressure on producers that could be passed on to consumers. PULSE POINTS WHAT HAPPENED: U.S. wholesale inflation rose by six percent year-over-year in April, marking the highest increase since December 2022. DETAIL: U.S. wholesale inflation is measured by the Producer Price Index (PPI), which tracks average changes in wholesale prices. It draws on price quotations from thousands of businesses, collected by the U.S. Bureau of Labor Statistics, and is widely used to gauge inflation trends. The Federal Reserve’s preferred inflation gauge, the Department of Commerce’s Personal…Open