Word: productivity
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...Turn the stream into a mighty river. About half of the company's costs go to paying the people who fill the envelopes and to the Postal Service. Netflix would love to dispense with those costs and send its product directly to customers by streaming it to their TVs. At the moment about 12,000 of the more than 100,000 titles are available for streaming, but that requires a Blu-ray player or a special Netflix device that sells for about $100. The company doesn't expect to be fully streaming for another five years. That's a long...
...Microsoft, even the world's largest and most powerful software company can't afford to cede territory. In July, Microsoft reported its worst fiscal year since the company went public in 1986, with annual revenues from the company's flagship Windows product declining for the first time ever. In the fall, Microsoft will release a new operating system, Windows 7, to rescue the tepidly received Windows Vista...
...attempting to treat him in the first place. In Korean business culture, when an intern pays for a senior, more established employee’s meal, it becomes a loss of face for the latter. Our colleague’s gesture was a kindness, yes, but also a necessary product of Korea’s Confucian social mores that say older people have responsibility for—and power over—younger ones...
...given Congress a free hand to draw up legislation as Democratic leaders like Nancy Pelosi see fit, with limited input from the White House. But Obama's decision to leave the details up to Congress while providing just the broad principles he wants to see in the finished product has, by most accounts, gone too far to the other extreme. Congress can't function without some guidance and political cover from the White House, and the past few weeks have heard much grumbling from Democratic staffers on the Hill that nothing will get done unless the White House gets more...
...second phase plays out in a boycott of goods advertised on state-controlled television. Just try buying a certain brand of dairy product, an Iranian human-rights activist told me, and the person behind you in line is likely to whisper, "Don't buy that. It's from an advertiser." It includes calls to switch on every electric appliance in the house just before the evening TV news to trip up Tehran's grid. It features quickie "blitz" street demonstrations, lasting just long enough to chant "Death to the dictator!" several times but short enough to evade security forces...