Word: around
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Dates: during 2000-2009
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...takeoff. It flooded Facebook with ads. It exploited the social network's distribution engine to pepper players' friends with updates and invitations. To release games quickly, it used a roll-up strategy, buying YoVille, licensing Texas HoldEm (which it renamed zyngapoker) and imitating rivals. Playfish's Restaurant City was around before Cafe World, and FishVille is reminiscent of Crowdstar's Happy Aquarium. Even FarmVille rips off Happy Farm, a hugely popular online game in China (richly ironic, given China's disregard for intellectual property). Once it had collected a vast user base, Zynga could lure customers to new games...
...incentives are more tangible than cash. Conservationists are considering cash payments to farmers in the Brazilian state of Mato Grosso to stop them destroying the forest for agriculture. But with 120,000 households around Ulu Masen, even a multimillion-dollar sale of carbon credits might amount to only $100 to $200 a year per family, estimates Linkie. The money might be better pooled to build schools, bridges or other projects that would benefit the entire community. However it is distributed, a very clear message must be sent to the local communities, says Linkie: "You're getting this [money] because...
...happened has fallen far short of that promise. In Mumbai, luxury hotels have certainly tightened up security, but at Victoria Terminus, the deadliest site of the attacks, the new metal detectors are almost comically inadequate. The flimsy contraptions are no match for millions of commuters, who swarm through and around them undeterred as they shake with the surge of the crowd. During this year's national elections, urban voter turnout remained well below that of the villages, and none of the reform-minded independents who ran for Parliament won more than 2% of the vote - including the outspoken, idealistic banker...
...foot, even a city of 18 million people can feel like a village. I was reminded of this during the attacks on Mumbai a year ago, when the only way to get around was by walking. For three days, my world shrank to a tiny patch of the city's southern tip as I trudged through seemingly endless loops between the places where a handful of terrorists had holed themselves up before they were killed by commandos. The curving path from Nariman House back to my hotel is imprinted on my memory, along with the kindness of the stranger...
...that's happened only at a few off-the-beaten-track colleges. But mainstream economists, who had long dismissed market cycles as nonsense, have begun to come around at least a little. Yale's Robert Shiller describes market booms and busts as the product of fashion and animal spirits. A trio of academics revisited a famous 1934 paper that debunked the predictions of Dow theorist Hamilton and found that, adjusted for risk, Hamilton's predictions beat the market. MIT's Andrew Lo, a top finance scholar, has made technical analysis one of his main research topics. So maybe there...