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...what is Tagged? The company calls itself a "premier social-networking destination focused on 'Social Discovery,' " whatever that means. It claims to have 70 million registered users worldwide, though I'd imagine some of them are accidental like me. Believe it or not, Tagged is the third largest social network in the U.S., with over 70 million monthly visits, according to comScore. Impressive - but again, I'd like to know how many of those visits were intentional, not the result of spam. (See the top 50 websites...
...even the biggest clubs cannot escape financial pressures completely. KPMG, auditors for the parent company of Premier League runners-up Liverpool, warned in accounts published last week that the firm's need to refinance some $575 million in bank loans - debt stemming from the club's 2007 takeover by American investors - amounted to "a material uncertainty which may cast significant doubt on the group's and parent company's ability to continue as a going concern." A deal to roll over the debt is likely; as a storied and well-supported club, Liverpool generates healthy revenues and profits. But difficulty...
Dazzling moves, ambitious targets and intense pressure - it must be off-season in European soccer. English Premier League champions Manchester United announced today that it accepted a $132 million offer from Real Madrid for fleet-footed winger Cristiano Ronaldo. The deal, which United expects to tie up before the end of the month, would smash a world transfer record set earlier this week when the same Spanish club lavished $92 million on AC Milan's midfield megastar...
...What recession? Defying the downturn, Europe's clubs could well smash the transfer-spending record this close season. English Premier League teams - which, according to Deloitte, spent $280 million on new players during the January transfer window, more than the amount spent in any of Europe's next four biggest leagues - are again in the mood to shop. The benevolence of billionaires helps. London club Chelsea, bankrolled by Russian oligarch Roman Abramovich, reportedly bid $74 million on June 9 for Atletico Madrid striker Sergio Aguero. Manchester City, owned by Sheik Mansour bin Zayed al-Nahyan, a member of Abu Dhabi...
...Over a million people, about one-sixth of the colony's population, took to the streets hours after the crackdown. They shouted "Down with Li Peng," naming China's then Premier as responsible for the killings. Entire buildings were draped in black flags. Office workers were given lists of random fax numbers in China and asked to transmit newspaper clippings of events, news of Tiananmen having been suppressed in China itself. Slow-driving protest convoys of motor vehicles took to the streets at night. Wild rumors flew around - one held that Communist Party General Secretary Zhao Ziyang, a student sympathizer...