Word: peg
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...moment, Zynga has removed all offers and says it's going to vet each one before it appears. Whether this is just a speed bump for a company that's growing dizzyingly fast or a huge infrastructural problem is unclear. Reports peg Zynga's revenue at $100 million a year, which the company says is low. If you assume similar economies for Zynga as for Playfish, says Atul Bagga, an analyst with Think Equity, "Zynga could be four times bigger on a run-rate basis...
Were they right to feel so flattered? In theory, the Vatican’s decision to extend the olive branch to the arts apparatchik couldn’t have been more admirable. Interactions between those who peg themselves as God’s messengers, and those more inclined to say with Diego Rivera that “I’ve never believed in God, but I believe in Picasso,” have historically been not-quite-ideal—to put it mildly. (Remember the Inquisition?) Benedict himself picked up on this, drawing on the language of motivational...
Even if it had taken aim at any truly idea-rich art, the church would do well to be wary. Nearly every time the clergy has tried to peg something as “illusory and deceitful” in the past, it’s been forced to engage in copious backtracking—picking out “good art” is always something of a dice toss. For proof, the Pope would simply have had to look up. Michelangelo’s altar fresco “The Last Judgment,” a fundamental background...
...Obama makes his first visit to China on Nov. 15, is the exchange rate of Beijing's currency, the renminbi (RMB). After allowing it to rise against the dollar by about 15% earlier this decade, China has since the onset of the crisis kept the RMB's value tightly pegged at about 6.8 to $1. Economists differ on how greatly undervalued the RMB is. The International Monetary Fund and World Bank contend that it's about 15%-25% below where it would be if it were allowed to float freely. Virtually all agree that it needs to move higher, both...
...steadfast Obama cheerleader - wrote a column ripping Beijing for its "outrageous" currency policy. He was followed late last week by Martin Feldstein, a former chief economic adviser to Ronald Reagan, who made a similar argument in the pages of the Financial Times. Both noted that the RMB-dollar peg is badly hurting economies in Europe and East Asia and that if Obama raises this issue in Beijing (as he surely will), he'll have tacit backing from a lot of precincts...