Word: medias
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...global balance of power. Google has not been doing all that well in China, as many have noted in recent days, badly trailing the domestic Chinese search company Baidu. But it isn't just that Google has struggled. All of the New Economy western companies in the media and information business have failed to establish themselves in China. Before Google, eBay and Yahoo both made investments of years and millions upon millions of dollars to tap the fast-growing Internet generation in China, and like Google, they could not gain traction. Both companies ended up pulling the plug on their...
...growth is that there's lots of building and selling but not much innovation. In many areas of the economy, that's true - and the same could have been said for the growth of the United States at the end of the 19th century. But in the areas of media and the Internet, it isn't. There, China has a thriving culture of thirtysomething entrepreneurs, many with U.S. work experience, who are creating home-grown franchises catering to the burgeoning world of the web in China. Baidu, the rival search engine to Google, is most in the news lately; others...
Google and the Western media in general have effectively turned this imbroglio into a clash of morals. Perhaps. But it is also yet another symbol of the shifting balance of economic power globally. Other countries censor content, and not just rogue regimes such as the Iranian mullocracy. Web sites are blocked throughout the Persian Gulf and North Africa based on objectionable content and this hasn't created much of a furor. Other countries also engage in cyber espionage, especially Israel and of course the United States Government itself with the largest group of hackers in the world employed...
...released last week, and Qantas says Vietnam's investigation into Jetstar Pacific could last months, leaving the two Qantas employees stuck in Vietnam indefinitely. One Vietnamese national, the former Jetstar Pacific general director Luong Hoai Nam, was also arrested for "irresponsibility causing serious consequences," according to state media...
...This week, however, the Civil Aviation Administration of Vietnam (CAAV) has drummed up new charges against Jetstar Pacific, in addition to its investigation of Darsilli and Freeman. On Wednesday, state-media reported that Jetstar Pacific had violated maintenance regulations and concealed broken aircraft parts. A Qantas spokesperson said that at all times the planes had met regulatory requirements and that the CAAV brought up only "quality, not safety concerns." Thayer, however, predicts that Vietnam will try and continue to try to find small oversights to "extort" Qantas like they did ABN AMRO more than three years ago. "They just find...