Word: impaction
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Google's new CFO, Patrick Pichette, is leading the company's belt-tightening. A former executive at Bell Canada, his impact was already evident in the firm's third-quarter results, which it announced in October. Although the company's revenue was slightly lower than analyst estimates, earnings were higher due to cost-cutting measures spearheaded by Pichette, such as decreasing the number of new hires. "Google has certainly gotten religion on expenses, and that is due largely to the new CFO," says Sanford Bernstein's Lindsay...
Iskenderian:The impact on the poor, including the clients of our network, has probably been most evident in rising food and energy prices, which have meant that families may face trade-offs like the choice between paying back their loans or putting dinner on the table for their families. Microfinance doesn't target the poorest of the poor, as they need other types of intervention. It targets the economically active poor at the bottom of the pyramid. There are signs that micro-entrepreneurs will see higher interest rates, since the global credit crunch will likely require MFIs to raise interest...
...TIME: What prompted the development of a financial instrument like micro-insurance, and what's the broader impact of new financial instruments aimed at the world's unbanked...
Gettelfinger also said while he was concerned about the impact of the end of the jobs bank, where workers on long-term layoff basically collect almost all of their wages while not working. The jobs bank had become a hot-button issue that was impeding the domestic carmakers' efforts to obtain federal assistance before the end of the year. Fewer than 4,000 workers at the three companies now collect wages through the jobs bank, which applies only after the workers have been on indefinite layoff for more than 48 weeks...
...long been portrayed—even caricatured—as a bastion for secularism, if not hostility toward faith. But for students struggling to define their personal religious beliefs, the questions of how Harvard affects students’ soul searches, and how students’ religious struggles in turn impact Harvard, are anything but settled...