New York City Opera Files For Bankruptcy

New York Health Care Site Slammed With 30 Million Hits

The company sat out the 2008-09 season, while the New York State Theater (renamed for donor David Koch ) was renovated. In late 2008 and early 2009, the board of directors used $24 million from its endowment to meet payroll and other obligations and hasnt been able to repay it, according to the filing. City Operas endowment totaled $5.02 million for fiscal year 2012, down from $9 million a year earlier and $55 million several years ago, according to the filing. The endowment lost $14 million during the stock market decline, the company said in the filing. Poor Decision According to an accounting of New York City Operas financial collapse filed in the bankruptcy court , the opera company made a poor decision in the mid-2000s when it chose to increase the number of performances of standard repertoire warhorses to reduce costs and increase audiences. In fact the reverse happened: the annual structural deficit grew, Rosen, the companys lawyer, said in the filing. With that strategy, the opera found it needed to attract new ticket buyers — buyers who cost more in marketing dollars to attract and yet were unlikely to become repeat ticket buyers or donors. The opera also blamed an increasingly crowded entertainment market, including competition with the Metropolitan Opera , according to the filing. Other factors included the reduction in arts education, a nationwide decrease in arts journalism and opera presented for free on public television and radio. In 2011-12, the last year for which results are available, ticket sales were $1.1 million, down 87 percent from 2005-06. To contact the reporter on this story: Erik Larson in New York at elarson4@bloomberg.net To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net New York City Opera Files Bankruptcy as Fundraising Fails Hiroyuki Ito/Getty Images A picture of Beverly Sills is displayed during a tribute at New York City Opera on Oct. 27, 2007.

New York Giants:

Republicans in Washington have rejected Democratic demands to vote on legislation ending a partial government shutdown without changes to the health care law. Although more than 30 million hits were recorded by Wednesday evening, just 12,000 have entered the system and supplied information that is expected to lead to purchasing insurance, Frescatore said. Many of the 30 million hits may reflect several visits by the same person over two days. Many may also simply be gleaning general information and may apply later. Still others could be from another state, but employed by a company based in New York. The state is looking to streamline the process so people can shop faster and not be “timed out” by the site. Frescatore urged New Yorkers not to be discouraged if they are blocked or slowed in their use of the website. She noted applicants have six months to enroll and applications as late as December can result in insurance coverage on Jan. 1, the earliest date for coverage. “The state’s customer service center operators have provided information to and answered questions from more than 9,000 New Yorkers,” she said. “Today, like all other states, New York’s website is experiencing significant levels of activity, which is causing some users to experience difficulty entering the site and delays in application processing.” Related on HuffPost: Loading Slideshow 10. France Total expenditure on health per capita: $3,978 Expenditure as % of GDP: 11.8% (3rd most) Annual growth of total health expenditure: +2.7% (18th most) Life expectancy: 81.5 years (8th highest) Source: 24/7 Wall St. 9. Germany Total expenditure on health per capita: $4,218 Expenditure as % of GDP: 11.6% (4th most) Annual growth of total health expenditure: +4% (15th most) Life expectancy: 80.3 years (18th highest) Source: 24/7 Wall St. 8.

He has not been a very good player, however, for the Panthers this year and was (somewhat ironically) losing practice snaps to former Giants linebacker Chase Blackburn in recent days. Injuries limited Beason to five games, total, over the past two years and he’s been struggling with a surgically repaired knee. So don’t anticipate instant help, is what I’m saying. The Giants will need to make a move to clear a roster spot if Beason passes his physical and the deal does go through. They also will need a roster spot for safety Will Hill should they decide to active him from the suspended list, as expected. Right guard Chris Snee is a candidate for injured reserve. The Giants also could cut a disappointing linebacker, such as Keith Rivers , to make room for Beason. The deal also would require some sort of salary-cap move from the Giants, as they don’t have the room to pay the active-roster incentives in Beason’s contract unless they restructure it. Behind enemy lines: The numbers say Michael Vick is holding the ball too long. Vick says that anyone who says he’s holding the ball too long needs to go watch the film. So what Vick is saying, I think, is that the numbers need to go watch the film. Why go after the numbers, Mike? They’re just numbers.