Word: cash
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...MySpace are so pervasive and such a significant part of online culture, the press is endlessly fascinated by what goes on at the companies. Word got out that Facebook was raising money. Then it fired its chief financial officer. Analysts started to speculate that the company was low on cash. Facebook, of course, said that no such thing was true. (Read "25 Things I Didn't Want to Know About...
...Saying that Google is doing poorly is not the same as saying that Microsoft is doing well. What matters to Microsoft is that Google becomes less of a threat each day as it fails in its diversification attempts. Google's cash flow does not continue to give it an almost limitless capital arsenal. Google has to consider cutting people in areas which will never be profitable. The entire ethos at Google is in the process of changing. Microsoft may be in third place in the search business, but it is in first place in software, which is still the larger...
...hope that, across the board, colleges that are strapped for cash think before reducing financial-aid programs and that schools with need-blind admissions policies remain that way. Universities lose more than just individual students when they admit wealthy applicants above equally or more qualified, but less affluent, students. Higher education should not be a business—when schools start evaluating their core priorities in this regard, their intellectual integrity suffers. There is a fine line between keeping a school alive to educate another day and doing long-term damage to its commitment to meritocracy...
...There are virtually no safety nets for migrants caught in this mire, nor international regulatory regimes to oversee their recruitment and fair compensation. The cash-strapped governments of countries like Bangladesh, Nepal and the Philippines are struggling to come up with solutions for their expatriate workers. For example, The Philippines recently launched a lending program to help laid-off workers who have returned home to set up small businesses...
...Reform of international financial institutions. The World Bank and IMF originated in planning for post-World War II economic reconstruction, and there is broad agreement that their mandates need rethinking. The IMF needs a fresh injection of cash if it is to help stabilize economies in a mess, and developing world nations - who will lead the recovery, when it comes - are campaigning for a greater role in shaping the priorities of these institutions. Expect the issue to be punted downfield for further discussion later in the year...