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That means environmentalists will need to make the most of what time does remain. U.N. chief Ban is leading the way, organizing a one-day summit for world leaders on climate change during the General Assembly meeting in late September. "We want them to talk with each other, interact with each other," says Pasztor. That's key; climate-change policy has become far too important to be left up to the environment and energy ministers of the world, whose influence tends to be limited...
...Eric Schmidt recently stepped down from Apple's board of directors because the two companies now compete in so many areas. The U.S. Justice Department is investigating a legal settlement between Google and the publishing industry over the company's book-scanning service, and Christine Varney, Justice's antitrust chief, said she sees Google as a "problem...
Google pooh-poohs this claim. Hal Varian, the company's chief economist, has pointed out that most search engines look at only a small sample of their data in order to improve their results. In other words, Microsoft already has enough data to learn from its users. "It's not the quantity or quality of the ingredients that make a difference. It's the recipes," Varian told CNET. The recipes are Google's proprietary algorithms, which it has slaved over for more than a decade. They're Google's ultimate competitive advantage, and Google believes they'll help it weather...
Your story on Ann Arbor's changing media landscape incorrectly noted that the Michigan Daily--of which I am the editor in chief--doesn't cover the town [Aug. 17]. A quick glance at MichiganDaily.com would have revealed that the Daily does cover Ann Arbor politics and business along with its extensive coverage of the University of Michigan. We were, in fact, the only publication in the city to officially endorse candidates in recent city-council elections. The Daily may not be a new online operation promising to solve journalism's financial woes, but it has been a consistent...
...derivative-driven innovations and massive leverage, Blankfein is the firm's chief advocate for taking risks but also its chief risk watchdog. He has a far different perspective from that of most of the previous Goldman bosses. In December 2006, Viniar led a meeting of senior Goldman executives to examine ongoing daily losses in the firm's mortgage portfolio. Goldman had already underwritten and sold billions of dollars' worth of mortgage-backed securities, much of it labeled investment grade by ratings agencies. It was, in fact, junk. But Goldman realized earlier than most that rot was setting in and famously...