Word: functional
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Polk is outfitting hot spots to handle the wi-fi function of those phones, forcing the hand of mobile carriers. "If they don't embrace these things, they'll lose the game," he says. That's a peace offering wrapped in a warning. He could take them head on, but he would gladly partner with mobile operators as the behind-the-scenes technology provider, wrangling wi-fi phone traffic that a mobile-phone company would front. Next up: the games and entertainment sector. In November, Polk struck a deal with Nintendo that lets owners of the wi-fi-- equipped Nintendo...
Chile's FDI measures more than 4% of GDP, also tops in South America, largely because Chile keeps corruption, bureaucracy and undue tax burdens out of investors' paths. Its judicial system is perhaps the most transparent in Latin America. "Investors realize our institutions function," says Osvaldo Rosales, international-trade director at the U.N.'s Economic Commission on Latin America and the Caribbean...
...process causes the stem cells to multiply and differentiate into cells that restore damaged heart tissue. The final product, called VesCell, is then injected into the patient's heart, where it appears to trigger the body's natural healing mechanisms, helping the heart tissue recover some of its function...
...attention is a pilot project between MeritaNordbanken, the Finnish cell-phone maker Nokia, and Visa International, the credit-card company. Nokia will soon have available in Finland cell phones that contain two chips, one for mobile-telephone service and one from Visa that adds a nifty credit-card function to the handset. The Visa chip will allow a customer to hold the phone near a cash register and push a button to pay a bill rather than having a clerk swipe a credit card. The digital mobile phone can replace the customer's signature as well...
Less admirable than this loyalty is the Australian fetish of antielitism. If you want to nuke an enemy, call him an elitist, especially if he is an intellectual. The word is empty, since no society, including Australia's, has ever been able to function without elites of skill, intelligence and ordinary competence. Yet Australians can rarely bring themselves to say they value human superiority. It sounds undemocratic...