Word: marketized
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...reason for that is obvious. Jan. 12 was, in effect, the starting point for the next phase of competition in China's search market - the battle for Google's share, which is about one-third in terms of search revenue. The most obvious potential foreign beneficiary is Bing, Microsoft's new search entry. And while Bing may not exactly have been handed the keys to a very rich kingdom, the executives there understand their good fortune - and have not been shy about subtly sticking the knife into Google. On March 17, Craig Mundie, chief research and strategy officer, told...
...Sohu.com - a Yahoo!-like website founded by MIT graduate Charles Zhang - and a hugely successful instant-messaging company called Tencent Holdings are already aggressively trying to hire Google China staff. (Google China declined to comment.) Neither has much of a presence in search, with less than 1% of the market each. But the two companies were investing significantly in search even before Google's ultimatum in January, and are now obviously even more determined to take on Baidu...
...success so far has the GOP establishment fighting back. In his ads, Grayson is attempting to paint Paul as a kook whose beliefs are outside the mainstream. Which may explain why on several issues, Paul is edging toward the center: Pure libertarians, he says, believe the market should dictate policy on nearly everything from the environment to health care. Paul has lately said he would not leave abortion to the states, he doesn't believe in legalizing drugs like marijuana and cocaine, he'd support federal drug laws, he'd vote to support Kentucky's coal interests...
...other hand, because one of the fastest-growing demographics was teenagers, teen girls were discovered as a market for all kinds of things: clothing, makeup, thongs, etc. So you had these twin forces - one progressive, one not so progressive - interacting powerfully...
...presumably referring to the U.S.: President Obama declared in a speech last week that he wanted to double U.S. exports over the next five years and challenged China to adopt a "market-oriented exchange rate" for its currency, the renminbi. But the policies that Wen was criticizing are in many respects what China has pursued for years. The renminbi has been pegged against the dollar since mid-2008, and overseas economists say the currency may be undervalued by as much as 40%. Trade is a key component of economic growth for China, the world's largest exporter, and the government...