Word: processes
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...power to do away with documents and files. There is no Finder or root-level file navigation. It's apps, apps, apps, as far as the eye can see. According to the demo last week, the main way to launch iWork documents is by an internal document-selection process after launch, where your files are presented to you in a gallery format. (See pictures of the iPad's unveiling...
...smaller banks. When I was on Wall Street, we used to have at least 20 firms that competed in the market. My book is the story of how Wall Street started as a group of small firms, and how those firms maneuvered to survive and prosper, but in the process, most either failed or were swallowed up by others. The net result has been a positive for users of capital markets, which can be accessed more cheaply than ever before. But the success of the market has resulted in a vast accumulation of capital in tradable form that...
When President Obama hammered out an agreement with leaders of China, India, Brazil and South Africa in the waning hours of the U.N.'s climate-change summit in Copenhagen in December, they saved the long-running global-warming negotiation process from total disintegration...
...held in Cancún, Mexico, in November. (At the very least, if thousands of attendees are forced to wait in line outside for hours, as they were in Copenhagen, they'll get a nice tan.) Further complicating any attempt at progress is the growing sense that the U.N. process itself needs to be overhauled, especially after a handful of obstructionist countries managed to slow the Copenhagen negotiations to a crawl...
...difficulty is that any compromise would almost certainly have to involve Khamenei moving against Ahmadinejad, initiating a process within the political system that would involve the incumbent either being ousted or having his power considerably diluted. The leaders of the opposition risk losing the backing of their supporters in the streets if they are too willing to reconcile themselves with Ahmadinejad, given all the blood that has been spilled over the past six months. (See TIME's Pictures of the Week...