Word: factly
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...that emerges into sunlight at the Siloam pool, where Christ is said to have cured the blind. Nearly half the visitors are Israeli army conscripts and schoolkids who hear lyrical description from Elad's guides about how the site is the very foundation of Jewish culture and history. "In fact," Elad's development director Speilman boasted to Nachum News, an Israeli website, "60% of the Bible was written on this little hill." (See pictures of John 3:16 in pop culture...
...easy to see the Baidu story as so many in China now do: Chinese upstart whips the American Goliath. But it's more complicated than that, as Li is the first to admit. The fact is, Baidu's success resembles a typically American success story. Li was born in an impoverished town about 200 miles (320 km) from Beijing, and as a young man was smart enough to get into Beida, as the Chinese call Peking University. Like so many students of that era - just after the government's assault on demonstrators in Tiananmen Square - he wanted...
...company turned its first profit in 2004, and went public on the Nasdaq the following year, raising more than $100 million in the process. It was by far the most successful Internet IPO since the dotcom bubble burst in 2000. One of its earliest investors, in fact, was Google - before the company entered the China market in 2006. It paid $5 million for a 2.6% stake in Baidu in 2004. But Google sold its stake in Baidu for about $60 million two years later, and entered the search business in China on its own. It was game...
...There have been times, in fact, when the Chinese government, in the form of its state-owned media, has turned on Baidu. In 2008, CCTV, the powerful state-run television network, aired reports on the site's habit of serving up unlicensed doctors and illegal pharmacies in response to medical queries on its engine. It turned out those were Baidu advertisers. The disclosures hit directly at the site's integrity and temporarily crushed the stock. Baidu has only just finished rolling out a new program that will delineate paid results from general searches, but that remedy has taken more time...
Nancy Gibbs got it right. People have short memories: when Obama stressed the fact that the economy would take months, even years, to fix, most people seemed to get it--at the time. Now because he couldn't work miracles in a few months, he is being condemned...