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...HuffPo has also flourished by outsmarting everyone else. If you type "Nick Schuyler" into Google today, the Huffington Post's mashup account will appear above the original story in the St. Petersburg Times. That's Peretti's doing. In his hands, the site is particularly adept at what's known as search-engine optimization - making Google love you. How it's done is complicated and mostly secret, but one illuminating example came after the death of actor Heath Ledger. HuffPo fashioned its story so that anyone Googling a variation on the words "Keith Ledger" would see the HuffPo story...
...future, but may not do very much for Citi's clients who borrowed money over the last two years. Many of those clients are tapped out, and the big bank faces hundreds of millions, possibly billions, of dollars in write-down of consumer loans. That does not take into account the amounts that will be lost as commercial mortgages and LBOs fail...
...countries like China, India, Thailand, Malaysia and South Korea are propping up - and massively enriching - Burma's top brass. In the first nine months of 2008, foreign investment in Burma almost doubled year on year to nearly $1 billion, according to government figures that don't even take into account significant underground economic activity. Burma today is estimated to produce 90% of the world's rubies by value, 80% of its teak, and is home to one of Asia's biggest oil and natural-gas reserves. The country's jade is the world's finest, and its largely untouched rivers...
...Beijing was plainly taking into account considerations other than market share. Huiyuan is a high-profile national brand, and its sale to Coke had become a hobbyhorse for nationalists who often dominate popular Internet chat rooms in China. Zhu Xingli, founder and CEO of Huiyuan, famously said that he had "raised the company like a son" but was "selling it like a pig" - that is, at the market, for the highest price available. Blogger Zhang Xianfeng retorted, "The problem with selling to a multinational company is that it's no longer Chinese deciding which part...
...avoid a retrial on the deadlocked terrorism charges. Under its terms, al-Arian, 51, a Kuwaiti-born Palestinian who since 1986 had been an instructor at the University of South Florida in Tampa, pleaded guilty to one count of conspiracy and was, after taking time already served into account, to be deported nearly immediately. But a federal prosecutor in Virginia evidently had no intention of allowing al-Arian to leave the country. Unbeknownst to defense lawyers at the time, Assistant U.S. Attorney Gordon Kromberg was preparing to subpoena al-Arian in a separate case. (Read "How the U.S. Lost...