Word: growth
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Whitman, a.k.a. Blondie, her eBay nickname, had an impressive 10-year run, but when eBay's slowdown began, she tried to buy her way out of the problem, acquiring companies like PayPal, Skype, Shopping.com and StubHub to generate growth. Many were profitable but distracting, as problems like lack of trust and shoddy search technology continued to ail the auction site, the main revenue driver. "Meg was reluctant to expand things like customer service because it would eat into eBay's margins," says Jeffrey Lindsay, senior analyst at Sanford C. Bernstein...
...coming back. "In the Meg Whitman days, eBay didn't have any customer service," says Lindsay of Sanford C. Bernstein. "If something went wrong, it was tough luck, buddy." Today if a buyer pays for the transaction through PayPal--a payment company owned by eBay that has seen tremendous growth--the sale is guaranteed for the full price...
...ruling party's Nana Akufo-Addo nor opposition candidate John Atta Mills received more than 50% of some 8 million votes cast, meaning a runoff will be held on Dec. 28. Ghana, widely seen as one of Africa's most stable and prosperous nations, has experienced massive economic growth in the past decade. Atta had campaigned on a platform of change, arguing that profits haven't trickled down to the masses...
...build skyscrapers filled with lettuce when we've been farming on the ground for 10,000 years? Because as the world's population grows--from 6.8 billion now to as much as 9 billion by 2050--we could run out of productive soil and water. Most of the population growth will occur in cities that can't easily feed themselves. Add the fact that modern agriculture and everything associated with it--deforestation, chemical-laden fertilizers and carbon-emitting transportation--is a significant contributor to climate change, and suddenly vertical farming doesn't seem so magic beanstalk...
...These days Russia's wealthy can't always get what they want. The country's once soaring economy is in free fall - growth, which has averaged 7% over the past five years, could drop below 2% in 2009, according to economists - and it's taking the rich down with it. Not that long ago, Russia was the poster child for unfettered wealth and freewheeling consumption. Now, with the stock market down more than 70% in the past year and the ruble feeling the strain, the nation's high earners are a little less quick to put their hands in their...