Word: perring
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...days from March 28 through June 26--ending its financial quarters on the last day of the month, as most other companies do, would be too pedestrian--Goldman Sachs made more than $3.4 billion. That staggering profit--$1.6 million per hour, $117,000 per employee--is the most the firm has ever earned in a quarter. After Goldman reported the news on July 14, everyone from Wall Street to Wasilla struggled with a basic question: Should we be happy about this...
...nation's most closely watched experiments along these lines is Massachusetts' Expanded Learning Time (ELT) Initiative. Launched in 2006, the program involves 26 low-performing schools that have each added approximately 1½ to 2 hours per day to their school calendar. "We're in the early innings of proving how to extend school hours responsibly and effectively," says Chris Gabrieli, chairman of Massachusetts 2020, which helped originate the ELT idea. "But clearly, focusing on the students that are furthest behind is where it makes the most sense. Middle-class kids, they get a lot more learning time outside...
...happened. Officials announced they had flipped the switch on a cable that gets its name from the Mauritius-based telecoms company that owns it, SEACOM. The 10,560-mile (17,000-km) line running from Europe and India down the East African coast can deliver 1.28 terabits of data per second, good enough for streaming video, Internet phone calls, gargantuan downloads and all the other services people have so long done without in these parts. (See photos of struggle and triumph in Africa...
...recently unveiled a deal that gives average consumers one gigabyte of data (only enough to satisfy the lightest of web surfers) for about $32 - and that was touted as a bargain. Other firms offer unlimited but extremely slow Internet connections, barely capable of making Skype calls, for about $40 per month. "No one can [guarantee] there will be a 90% drop next year, but hopefully there will be," says Christopher Stork, senior researcher at Research ICT Africa, a technology analysis firm based in South Africa. "That's the minimum we would expect, but in the long term, it would...
...magnet to Russia's superrich. Yet here and in a neighboring courtroom, four prominent Russian oligarchs have been indulging in what may turn out to be the most expensive shopping spree of their lives. Never mind haute couture: it's English High Court justice - at some $16,500 per day, with top attorneys charging up to $1,250 per hour - that's proving the must-have purchase for wealthy Russians this season...