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...Near Global has invested around $16.5 million in its London site. Wrottesley expects a quick return. Some revenues come from fees paid by client retailers. But all retailers, clients or not, also pay for clicks to their sites, and Near Global also earns a commission on all items sold. Advertisements will generate additional income. Little wonder that Near Global is talking to a potential partner about doing virtual versions of major U.S. cities, starting with New York. A virtual Tokyo is also high on the to-do list. Soon you might be able to enjoy a shopping spree that takes...

Author: /time Magazine | Title: London Shopping Stressful? Try Virtual Oxford Street | 12/12/2009 | See Source »

...Opponents - these include several European governments and publishers, and the Open Access Alliance formed by authors and Google rivals like Yahoo! and Microsoft - describe that as a kind of massive, literary landgrab which ignores copyright concerns until owners demand they be paid or their books removed. They also fear Google's initially free search-and-access service will give way to a pay scheme. Confusing matters further, libraries, publishers and writers in both the U.S. and Europe are split in pro- and anti-Google Book camps...

Author: /time Magazine | Title: Europe vs. Google: The Next Chapter | 12/11/2009 | See Source »

...stimulus in his Dec. 8 speech to describe the new effort, perhaps because according to a Rasmussen survey, that's a concept that only one-third of Americans support. Nor did he say how much the new programs would cost. He gave few details of how they would be paid for, and he never explained when the plan would go into effect. As he has done in the past, the President is leaving most of those details to Democrats in Congress, who are likely to split up his requests into separate measures over the coming months. Obama wants about...

Author: /time Magazine | Title: Recovery Insurance | 12/10/2009 | See Source »

...This will not be the first time the German government has paid compensation to relatives of civilians killed in Afghanistan. In 2008, the German army handed $20,000 to the family of an Afghan woman and two children who were shot dead by a German soldier at a checkpoint. But given the scale of September's air strike in Kunduz - widely considered the most deadly air raid involving German forces in Germany's post-war history - the payout to victims' relatives is bound to be much bigger. The Defense Ministry spokesman dismisses German media reports of a $4.5 million payout...

Author: /time Magazine | Title: Anger Mounts in Germany Over Its Afghan Air Strike | 12/10/2009 | See Source »

...President's logic is at odds with the initial premise of TARP, which was sold to Congress as a loan program that would be mostly paid back to the Treasury, where its proceeds would be used to pay down the deficit. "The $700 billion program we have proposed is not a spending program," former Treasury Secretary Hank Paulson explained before Congress in September 2008. It didn't take long for Republicans to take that position. "The stimulus money clearly was a spending bill. TARP was a loan - a loan to be paid back. And we know that a number...

Author: /time Magazine | Title: Calling for a New Stimulus, Obama Is Ready to Rumble | 12/9/2009 | See Source »

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