Word: networks
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Interest in cash alternatives has skyrocketed in recent months BerkShares.org logged nearly 42,000 hits a day in April) as the recession has encouraged more innovation. For example, a Vermont business association is getting ready to launch a statewide cashless trading network. Ithaca, N.Y., which has the nation's longest-running independent currency, agreed in June to let people start using the 18-year-old bills to buy transit passes...
...Even USA Network's escapist Royal Pains has a class-conscious premise. Idealistic Dr. Hank Lawson gets fired when he chooses to save a young patient's life before treating a hospital board member. He takes a job as a "concierge doctor" to rich summer people in New York's Hamptons, treating everything from hemophilia to deflated breast implants. It's fluff, but with a theme of modern medical feudalism: top docs attending the richest like courtiers. If your hospital waiting room has cable, watch it sometime...
...Olympic Committee (USOC) announced on July 8 that it had signed an agreement with Comcast to form the U.S. Olympic Network, which will provide year-round coverage of Olympic sports. According to the USOC, the network will launch sometime after the 2010 Vancouver Games. One problem: the U.S. Olympic Network could compete with NBC, which is paying $2.2 billion to broadcast the 2010 and 2012 Olympics. The network accounts for roughly half of the IOC's global broadcast-rights fees, and NBC will surely be among the bidders for the 2014 and 2016 Olympics. Plus, NBC wanted the USOC...
...publicly chided U.S. Olympic officials. "We were aware that the USOC had been considering a new 'Olympic broadcast network,' but we have never been presented with a plan, and we had assumed that we would have an opportunity to discuss unresolved questions together before the project moved forward," the IOC said in a statement. "It is for this reason that the IOC is disappointed that the USOC acted unilaterally and, in our view, in haste by announcing their plans before we had a chance to consider the ramifications." The IOC also said that the network "raises complex legal and contractual...
...USOC and the governing bodies of the Olympic sports. The USOC needs this money, as it has lost valuable sponsors like The Home Depot, General Motors and Bank of America since the onset of the recession. So why not work with the IOC to resolve any issues with the network - or at least hold off on action until...