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With $23 billion in cash reserves, the Redmond, Wash.-based software giant can afford to part with a little cash - even if it never earns a penny of it back. And Facebook could use the money - to hire more employees and build out the site, whose traffic is currently growing at over 100% per year, according to comScore Media Metrix, which tracks internet-user demographics. But what Microsoft chief Steve Ballmer and company desperately need these days is cachet in the burgeoning internet economy. And that is exactly what their investment just bought them...
...rank to make strategic regional policy. The Administration was so inept in dealing with Turkey that its designated mediator, retired General Joseph Ralston, recently quit in frustration. Bush's refusal to engage the Iranians has left a clear field for Russian mini-czar Vladimir Putin to move in and build an alliance. The Secretary of State is chasing an Israeli-Palestinian chimera at a moment when a burst of high-level U.S. diplomatic pressure might actually make a difference in Iraq. There are goats and hugs to be had, and we are not grabbing them...
...ever envision becoming so prolific a builder of latrines? -Ricardo Fernandez, Orland Park, Ill. [Laughs.] Ethiopia has one of the highest incidences of blind?ness on earth because of trachoma, which is caused by filthy eyes. To eliminate flies, we taught people how to build very simple latrines. Women have adopted building them as a kind of liberation movement - there had been a rigid taboo against a woman relieving herself in the daytime - so although we thought we'd have about 10,000 latrines, we've passed 340,000. Now instead of my being famous for negotiating peace between Israel...
...they should make a Gaga movie, like ‘Dodgeball.’” So was this a one-time event, or can Harvard students count on a weekly Gaga game to get us through the Sunday slump? “We have to build up momentum, but we’re hoping to have at least two more games this year,” Levin-Gesundheit says. So, next time you’re looking for a good way to put off that pesky problem set, FM suggests looking out for the opportunity to embrace Jewish...
...year, compared to 1% in other sectors. However, the percentage of foreign skilled workers in the E.U.'s overall market is just 1.74%, far behind other rich economies like Australia (9.9%), Canada (7.3%), the U.S. (3.2%) and Switzerland (5.3%). Frattini said the Blue Card could help build a channel of targeted, legal migration, making Europe more attractive, and more welcoming, to migrants with sought-after skills...