Word: givens
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Google's stunning pronouncement in January that it would no longer censor Google.cn may have given a thrill to human-rights activists the world over, but a lot of investors were - and remain - furious. Since posting the announcement on its website on Jan. 12, Google's stock price has declined from $595 to about $567, while Baidu, the leading search engine in China, has seen its stock price rise by 50%. (See pictures of life in the Googleplex...
Analysts believe that of the two, Tencent is in the better position to capitalize, given its dominant position in China's booming instant-messaging business. According to estimates by Analysys International, nearly 70% of China's 400 million Internet users use instant-messaging, and of those, 80% use Tencent's system, known as QQ. That's the major reason that Tencent's market capitalization is bigger than Baidu's, and an insider at the company acknowledges that search "is very much" a target of opportunity...
...Pitching, that’s been the highlight of our trip,” Harvard coach Joe Walsh said, “Our three starting pitchers have all given us very good outings...
...small groups, which allows them to cram into a two-room shack belonging to Nombuyiselo Ngxizele, a former teacher who is happy to recount tales of life under and after apartheid. She believes that things are better now, but adds that the euphoria of the Mandela presidency has given way to disenchantment with the new generation of leaders. "They just want to boost their own egos," she says...
...Rage" called by Hamas, which led to fierce clashes between youths and Israeli police. The symbolic importance of Jerusalem throughout the Arab world makes protest there a touchstone issue that could generate a surge of outrage that the Palestinian Authority may be unable to restrain, particularly given Israel's intent to keep on building. Hamas is certainly more than happy to encourage a grass-roots challenge to the negotiation policy of Palestinian Authority President Mahmoud Abbas in the form of protests in Jerusalem - and many leaders in Abbas' own Fatah movement, equally tired of waiting for diplomacy to deliver...