GOOD DAY FOR: Crocodile tears, as year-end bonuses for the most senior Wall Street executives will fall by up to 70 percent this year, according to compensation experts Johnson Associates. In 2007, the CEO and presidents of Goldman Sachs received bonuses of about $67 million each. Bonuses for other employees will fall by between 10 percent and 45 percent this year. “However, thanks in part to the financial bailouts and mergers,” said Alan Johnson, “the decline in incentive payments won’t be as drastic as first thought.” (Bloomberg)
BAD DAY FOR: Sundance, as independent filmmakers are struggling to cobble together financing in the wake of the global economic meltdown. They were already struggling amid a glut of indie films. Now, the small-budget movies most likely to get bankrolled are commercially oriented comedies and action movies. (Los Angeles Times)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
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- 43 TV shows to watch in 2014
- America's anti-feminist mega-corporations' toxic disregard for women must stop
- Extreme haunted houses: Inside Halloween's most terrifying new trend
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- Gamergate might be gaming sexism's Waterloo
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- This week I learned the surprisingly dark origins of the Nobel Prize, and more
- Keira Knightley on Laggies, relationships, and surviving your 20s
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
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