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Word: bille (lookup in dictionary) (lookup stats)
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...someone would have found them by now." I disagree. Their argument assumes that businesses have already studied every possible market for their products. Their attitude reminds me of the old joke about an economist who's walking down the street with a friend. The economist steps over a $10 bill that's lying on the ground. His friend asks him why he didn't take the money. "It couldn't possibly be there," he explains. "If it were, somebody would've picked it up!" Some companies make the same mistake. They think all the $10 bills have already been picked...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...Publicity is very valuable, but sometimes it's still not enough to persuade companies to get involved. Even the best p.r. may not pay the bill for 10 years of research into a new drug. That's why it's so important for governments to create more financial incentives. Under a U.S. law enacted last year, for example, any drug company that develops a new treatment for a neglected disease like malaria can get a priority review from the Food and Drug Administration (FDA) for another product it has made. If you develop a new drug for malaria, your profitable...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...Next Step In june, I moved out of my day-to-day role at Microsoft to spend more time on the work of the Bill & Melinda Gates Foundation. I'll be talking with political leaders about how their governments can increase aid for the poor, make it more effective and bring in new partners through creative capitalism. I'll also talk with CEOs about what their companies can do. One idea is to dedicate a percentage of their top innovators' time to issues that affect the people who have been left behind. This kind of contribution takes the brainpower that...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...find it galling that Clinton's supporters keep demanding to be heard. They refuse to accept that history and the spirit of the times was against them. They lost because they had poor strategy and poor cohesion among the campaign leadership and failed to keep Bill Clinton on a short leash. If they think they will get a better deal from McCain in terms of moving a progressive agenda forward, they are sadly mistaken. Eugene M. Giudice, Chicago...

Author: /time Magazine | Title: Inbox | 7/31/2008 | See Source »

...Washington Fending Off Foreclosure The massive Housing and Economic Recovery Act of 2008 offers U.S. homeowners, lenders and local communities some relief from the mortgage crisis. The bill is nearly 700 pages, but here's a highlight reel: ? An increase in the federal debt limit from $9.8 trillion to $10.6 trillion, to cover a possible bailout of the beleaguered mortgage giants Freddie Mac and Fannie Mae ? $300 billion in mortgage-refinancing funds backed by the Federal Housing Administration ? $180 million in counseling and legal services for homeowners facing foreclosure ? Tax credits...

Author: /time Magazine | Title: The World | 7/31/2008 | See Source »

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