Word: profits
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...direct link. In the Byline section, successful executives in various industries ruminate on such diverse topics as corporate culture and cash flow, branding and burnout. For U.S. business demographics and other interesting factoids, go to Quick Facts under Media Resource Center. The site is run by the not-for-profit Ewing Marion Kauffman Foundation, so it's refreshingly independent and ad-free...
...this year, and no sector has been flooded worse - and with potentially greater consequences - than the banks. Last week Deutsche Bank, Germany's largest and considered its strongest, posted a surprise third-quarter, pre-tax loss of [EURO] 181 million, down from a [EURO]363 million profit for the same period in 2001. Deutsche's Munich-based counterpart HVB, Germany's second-largest bank and Europe's largest lender, also posted a third-quarter loss - of j447 million, compared to a j94 million profit for the same period last year. Commerzbank and Dresdner Bank, a unit of insurance giant Allianz...
Don’t doubt for a second whether Coke has the resources to provide such coverage. Coke makes a remarkable 41 percent profit margin in Africa, more than double the 20 percent profit margin it reaps in North America. Of the $261 million Coke made in Africa in 2001 alone, $4 to 5 million (the estimated costs of full coverage for the entire workforce assuming negotiated prices of generic drugs) could easily be allocated for the treatment program, especially considering the $70 million Coke paid for Christina Aguilera’s endorsement...
Harvard’s student-run radio station, WHRB, and hundreds of other college not-for-profit radio stations may be forced to stop wireless web streaming altogether if they are not exempt from the charges. Although the 1998 Digital Millennium Copyright Act established the principle that the web was not exempt from royalty fees, it was only earlier this year that the Library of Congress Copyright Division set the actual fee, at seven-hundredths of a penny per song per person. At the same time, the library mandated that royalties be paid retroactively for all songs broadcast...
While it is understandable that profit-making stations should pay royalties for both streaming and regular broadcasting, the library should not force nonprofit stations to pay fees now for songs they aired in 1998. College stations in particular do not have large cash reserves; they often live from hand to mouth, and many will not be able to foot such a hefty bill. Even those that do survive will find it difficult, if not impossible, to continue broadcasting over the Internet. But as fewer and fewer listeners tune in by radio, web streaming will become increasingly crucial. If they...