Word: modeling
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...company swung from a $5.34 billion profit the year before to a $3.38 billion loss in the fiscal year that just ended. Murdoch cares little for Wall Street, but he knows his investors need to have confidence that he's on his game. The switch to a pay model smacks of virility and aggression, the Murdoch of yore. "If we're successful," he said, "we'll be followed fast by other media...
...hopes. One of the few growth areas among News Corp.'s crops were the Fox cable channels, particularly FNC, which showed a 50% rise in operating income. FNC's head, Roger Ailes, with whom Murdoch has clashed before, is likely to oppose any switch to an online fee model. It would be commercial suicide for FoxNews.com to charge for content until CNN.com and MSNBC.com do. And even if - and it's a big if - most major news websites were to follow Fox's lead, the BBC wouldn't, because it's not supposed to make money...
...resilience of the Chinese economy is no mirage. If Beijing can come through the global crisis without an economic meltdown of its own, its leaders' reputation and confidence will be boosted. An economic model that survives the worst downturn since the Great Depression will have undeniable appeal in the developing world, at a time when the Washington Consensus is thoroughly shot. Beijing, before the crisis, was already rising, its global reach and influence expanding. As the rest of the world falters, that is truer than ever. China is not yet the leader of the global economy. But it's getting...
...future ignore the part of China that already has. For Taiwan, as Mitter says, has a deep sense of Chinese cultural identity (more so than the mainland, arguably) and yet is a "highly modern, liberal democracy." Who knows? The island may yet turn out to be a model for China as a whole. (Read "Taiwan: How to Reboot the Dragon...
Vinny and Karla Trovato moved to Boise at the end of last year but only by finding a renter to live in their Las Vegas home. Now they live in the suburb of Eagle. The neighborhood, with 11 decorated model homes and four sold houses, sits like a ghost town; both the building and the selling have ground to a halt. "We were supposed to have another neighbor, but his financing didn't come through," says Vinny. It's not the neighborhood full of life he had imagined his children growing up in. "Everybody just pushed the pause button," says...