Word: foundering
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...worry even to - perhaps especially to - the superrich. In a recent interview in London's Sunday Times newspaper, Indian-born steel tycoon Lakshmi Mittal said flatly that "money is a curse," and that he was concerned that extreme wealth might be spoiling his young kids. In June, Microsoft founder Bill Gates reiterated that he would donate most of his $58 billion to charity, rather than give it to his three children. That's tough love...
...October 2007, Kaboodle had nearly 3 million unique monthly visitors. By October 2008, it tripled that number to 10.8 million and also logged its highest numbers for revenue, traffic and registered users. "We have seen a lot more deals and discounts this year happening across the site," says founder and CEO Manish Chandra. Likewise, Etsy, a site where community members buy and sell handmade goods, pulled in $8.4 million in gross merchandise sales in October 2008, compared with $2.96 million during the same period in 2007. That's a gain that can elicit holiday cheer...
...perhaps in part generated, by its Web savvy and sophisticated use of online organizing tools, the fellows said. “The Internet is a tremendously collaborative, engaging media,” said Nicco A. Mele, the former chief of Howard Dean’s Web operations and the founder and president of EchoDitto. “It has a central and critical role in this coming administration.” Mele cited Obama’s e-mail database, which contains over 10 million e-mail addresses, and Obama’s decision to launch Change.gov the day after...
...that while their sales were holding steady or were even higher than last year’s figures, their costs had risen dramatically in recent months.“The costs side is out of wack, it’s through the roof,” said b.good co-founder Jon Olinto, who noted that the price of beef had risen from $3.25 per pound to over $4 in the course of three months. “Even though it only seems like 80 cents, that stuff adds up really, really quickly—a burger isn?...
...wanted to have a type of tourism that really raised people's understanding," says founder Alfonso Martinez, who dresses in a ski mask and goes by the name Poncho. "So we decided to turn the painful experience all of us here have gone through into a kind of game that teaches something to our fellow Mexicans." Poncho and other ski-masked comrades play polleros, or chicken herders - the human smugglers who guide wannabe migrants over the deserts and rivers into the U.S. Having made the real journey dozens of times to work as a gardener in Nevada, Poncho is well...