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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...
...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 the China Daily - an English-language newspaper controlled (like...
...Allawi currently leads Maliki by about 9,000 votes. While either candidate could yet pull out in front, the result has not only denied any one bloc the ability to form a government on its own, but may also have failed to give any of the contenders a clear mandate to take the lead in post-election coalition negotiations. Meanwhile, the slow vote counting is doing little to inspire confidence, with each announcement of partial results sparking another round of posturing, jockeying, and rumors, one of which held that Maliki had been shot in the leg. All the major coalitions...
...results currently are so close - with current Prime Minister Nouri al-Maliki neck-and-neck with former Prime Minister Ayad Allawi, and the movement of radical Shi'ite cleric Moqtada al-Sadr emerging with what may be a kingmaker's share of the vote - that Iraq could see months of deadlock that will do little to boost the country's faith in its politicians. Moreover, the election results have broken down along depressingly familiar sectarian and the ethnic fault lines - although with the authority of the traditional ethnic and sectarian parties weakening in a manner that will further complicate efforts...
...slim margin to Allawi's list, which has taken a hard line against Kurdish claims to the city. Since Maliki - whose current government was installed with Kurdish support, but dragged its feet on Kurdish claims to Kirkuk - now has fewer possible partners to form a government, he may find himself more dependent on them than ever. And that would put him under greater pressure to deliver them Kirkuk, despite the risk of spurring further conflict...