Word: giants
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...double projectors, but they ponied up eagerly, for their business, their very existence, was threatened by another technological marvel - TV - that was keeping customers at home, getting drama, variety shows and old films for free. Movie houses were turned into video amusement parks: the image on the giant screens was suddenly wider (CinemaScope), grander (Cinerama), clearer (VistaVision) and deeper (3D) than ever before. The idea was to lure people back to theaters by giving them an experience that couldn't be duplicated in the living room. It didn't work: the number of tickets sold dropped from an all-time...
...wall of Sir Michael Rawlins' office in London is a cartoon of a group of men in suits cowering below a giant circular pill inscribed with the word pharma. Amid the supplicants strides an impervious figure from Britain's National Institute for Health and Clinical Excellence (NICE) with a puzzled look on his face. Like the man in the cartoon, NICE head Rawlins doesn't see why drug companies should deserve any deference. His organization uses hard-nosed cost-effectiveness reviews to decide which treatments Britain's National Health Service (NHS) should pay for. A new drug doesn't just...
...India's outsourcing giant WiPro (WIP) recently posted mediocre financial results, especially based on Wall St expectations. Its stock traded for $14 a little over a year ago. Recently it was as low as $5. Wall St. expects that the situation at the firm is going to get worse. The other large outsourcing operation in India, Infosys (INFY), is also doing poorly...
Tester takes off for a confirmation vote, and I head back to the old office to wait for the phone guys to come and transfer the numbers. As I look up at his old giant ceilings, I realize Tester made the right call. Being a Senator is a huge job with a big staff, and to get things done, you need cubicles and meeting rooms, not marble and courtyard views. Besides, the Inouye staffers wear Hawaiian shirts to work a lot. That's never going to stop being funny...
...world will be a safer place if those who have recently escaped poverty are not now told by those who have never known it that they have to accept less than they dreamed of. "We cannot deny people their aspirations" said Nandan Nilekani, co-chairman of Indian IT giant Infosys Technologies, in an interview by the New York Times's Thomas Friedman at the New York Public Library this week. Do so, and those denied aspirations will mutate into something much more dangerous...