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...will continue since mobile telephones are almost as likely to survive home-budget cuts as cable TV - who stands to gain more market share than Google? Mobile search queries are just starting to explode, said Schmidt. Though he declined to give numbers, he said: "the compound growth rate is one of the fastest-growing things in the company." That's a pretty big statement at Google. And remember that we're at the earliest stages of this particular revolution. The first Google phone is just coming to market after...
...More bad news has been streaming across the Goyal's Sony over the past few weeks: India's economic growth rate is expected to slow from 9% to 8% or even less; unfounded rumors that the country's largest private bank, ICICI, had been caught in the subprime mess nearly caused a bank run; Jet Airways, the largest domestic airline, is laying off hundreds. Not the cheeriest atmosphere for a wedding. Goyal is getting married in two months. "I wanted to go to Singapore for our honeymoon, and buy a new car. It's ta-ta to those dreams...
...real estate bubble sent several major developers into bankruptcy and halted construction across the country. The number of houses built in 2008 is expected to fall by 70% from 2007. That's also fueling unemployment, which jumped by almost a third in September to reach 11.3%, Spain's highest rate since...
...complex ecosystems, it seems unlikely that countries such as China and Japan that have already loaned America trillions will stop buying U.S. government debt any time soon. They have relatively few tools at their disposal to keep their economies on track other than tending to the dollar exchange rate. China recognizes it has little choice but to go on financing the ballooning U.S. budget deficit by expanding its foreign-exchange reserves from $1.8 trillion to $2.3 trillion over the next 18 months...
...anecdote has fostered a mix-and-match parlor game. Nixon: first-rate mind, second-class temperament. Reagan: second-rate mind, first-class temperament. Perhaps only Lincoln tops the class in both categories. But as we go down the homestretch in this presidential election, voters seem to be making up their minds as much by evaluating the dispositions of the candidates as their position papers. Voting for President is the most intimate vote we ever make; we're deciding whom we want in our living room for the next four years...