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...reason for that is obvious. Jan. 12 was, in effect, the starting point for the next phase of competition in China's search market - the battle for Google's share, which is about one-third in terms of search revenue. The most obvious potential foreign beneficiary is Bing, Microsoft's new search entry. And while Bing may not exactly have been handed the keys to a very rich kingdom, the executives there understand their good fortune - and have not been shy about subtly sticking the knife into Google. On March 17, Craig Mundie, chief research and strategy officer, told...

Author: /time Magazine | Title: Who Will Profit When Google Exits from China? | 3/18/2010 | See Source »

...begin a new assignment. She'll help lead what might be the most ambitious urban makeover in American history - the downsizing of Detroit, a city built to accommodate a population more than twice its current size. At a recent panel convened by TIME and the Brookings Institution, Mayor Dave Bing made clear what many had suspected - that he intends to shrink the city, which cannot afford to serve dying neighborhoods...

Author: /time Magazine | Title: Postcard: How Philanthropy is Remaking Detroit | 3/17/2010 | See Source »

Just how divisive it can be was on vivid display last week. There was an uproar over Bing's emerging plan to relocate residents - the weekly Michigan Citizen likened it to a "modern day 'Trail of Tears' for Detroiters" - and an equally unfavorable response to Bobb's $81,000 raise in the second year of his contract, most of which is paid for by foundation money. The school board is so incensed that it has filed a lawsuit...

Author: /time Magazine | Title: Postcard: How Philanthropy is Remaking Detroit | 3/17/2010 | See Source »

...know there is discomfort in terms of the cuts being made at the city level and in the schools," says Bing. "And then [Bobb] gets a major increase. That was very unfortunate, to have that come into the conversation...

Author: /time Magazine | Title: Postcard: How Philanthropy is Remaking Detroit | 3/17/2010 | See Source »

Still, says Bing, "I think the city and philanthropy organizations will continue working together." Charles Pugh, recently elected president of the Detroit city council, is blunter. "Detroit is the textbook case of a city that needs this kind of assistance," he says, "and we welcome it with open arms. I'm jumping up and down...

Author: /time Magazine | Title: Postcard: How Philanthropy is Remaking Detroit | 3/17/2010 | See Source »

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