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This recession was online advertising's big test. The internet, which is the most efficient medium, was supposed to outperform all of the others when budgets shrank. The oldest media businesses were supposed to perform worse with each downturn in the economy. The common assumption was that, over time, online...

Author: /time Magazine | Title: False Hopes for Internet Profits | 2/4/2009 | See Source »

Recent figures from media companies show that their online businesses are performing poorly as the recession worsens. The job of making money from premium content becomes even more difficult. There may be a simple reason for this. Almost everything on the intenet is free, even The New York Times . People...

Author: /time Magazine | Title: False Hopes for Internet Profits | 2/4/2009 | See Source »

But Obama is losing a most trusted ally, someone who had been one of the first Democratic establishment figures to support his presidential bid. Obama had tapped many of Daschle's former aides as he built his political organization. Between Daschle's expertise on the medical system and his understanding...

Author: /time Magazine | Title: Did Daschle Bow Out Too Soon, or Was It Inevitable? | 2/3/2009 | See Source »

It is not clear who Obama will nominate to replace Daschle or whether that person will hold a dual post in the White House as health-care czar, as Daschle had insisted upon. "There's a lot of impetus and momentum behind health reform, and it will continue," Axelrod said...

Author: /time Magazine | Title: Did Daschle Bow Out Too Soon, or Was It Inevitable? | 2/3/2009 | See Source »

There's the rub: while snowplows may seem like an extravagance in a mostly temperate country, the "snow event," to use another weatherman catchphrase from yesterday, has cost Britain dearly, up to ?3 billion according to some estimates, with at least 20% of the workforce taking a day off and...

Author: /time Magazine | Title: Snow Business Means No Business in London | 2/3/2009 | See Source »

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