Word: catch-up
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...already well established, of course. Yahoo!, MSN and AOL (owned by TIME's parent company, Time Warner) have offered it for years. And Net telephony provider Skype has 51 million people using its system. So why would Google, with an $80 billion empire built entirely on search, bother playing catch-up on a product that seems unlikely to earn it much money? The same reason a hotel offers free wi-fi, says Scott Cleland, CEO of Precursor, an investment research firm. "They're not doing it to make money on wi-fi. It's to get people to come...
...until just two days before he was going to launch it. When virtually the entire eight-member board?and not, as earlier reports had it, just the outside directors?balked, Fu had to back off. That allowed Chevron to make the first bid, and forced CNOOC to play catch-up all summer. Meanwhile, Chevron vice-chairman Peter Robertson, who had given a fawning speech in Beijing about his company's great "faith in China" last October (not surprisingly, given the company's extensive business ties to China), turned around and complained publicly about the Chinese government subsidizing CNOOC...
...about CNOOC's plans for Unocal, a few outside directors, including former Swiss ambassador to China Erwin Schurtenberger and Goldman Sachs Asia vice chairman Kenneth Courtis, rebelled, forcing Fu to pull back just as Operation Treasure Ship was about to set sail. Ever since, CNOOC has had to play catch-up against Chevron in the fight for Unocal...
...Kansas, though, that land giveaways are sprouting faster than wheat. The state has at least 11 locally run programs and is the most organized, with a website kansasfreeland.com that spells out details. Others are playing catch-up. In Whiting, Iowa, ground has been set aside while a decision is awaited about whether to charge people who take land for utilities. "There will be new houses on that land no matter what," promises Mayor Nancy Brenden. In Chugwater--aptly named, considering its place on the long, dry Oregon Trail traveled by early settlers--the first taker has just signed...
...from rich countries, coupled with domestic reforms to combat corruption and resource misallocation. Canada has lost its chance to lead the developed world in increasing its foreign aid contribution, but it still stands to make a significant positive difference in the lives of millions by starting to play catch-up. This kind of spending should not be taken lightly, but it must be prioritized. After 35 years of postponing a real commitment, the time...