Word: recouped
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...iTunes Internet music store, the mobile-phone industry is keen to join the party by converting phones into mobile jukeboxes capable of storing hundreds or thousands of songs. Meanwhile, cellular-network operators are launching their own download services, hoping that by generating revenue from digital-music sales they can recoup some of the billions of dollars they've invested in high-speed, third-generation (3G) networks. "This is the prelude to people effectively using their phone as an iPod device," says Ralph Simon, Americas chairman of Mobile Entertainment Forum, an industry association. "All of the smart money is aware this...
...president of the Austin Wireless City Project, says of Spokane's HotZone. "The problem is more with the finances behind it. When you have the Zone, you're reduced to a single player: one big person has to pay for everything. That person is going to be tempted to recoup the costs." Free wi-fi enthusiasts have a certain zealotry about them, not unlike vegans and Naderites, but in this case you can kind of see their point. "There will always be free wi-fi, and there will always be paid wi-fi," Mackinnon says. "Pay is going...
Russia's Discount Sale Now begins the endgame for Yukos, Russia's biggest oil producer. One year after authorities arrested founder Mikhail Khodorkovsky, the Kremlin is seeking to recoup at least $4 billion in taxes by forcibly selling the firm's main asset, Yuganskneftegaz, which controls vast Siberian oil fields. The subsidiary, which pumps 1 million bbl. of oil per day - about 60% of Yukos' output - has been valued by Dresdner Kleinwort Wasserstein at between $14.7 and $17.3 billion. Reports last week suggested the Kremlin might hand it to a Russian rival, Gazprom, for a fraction of that price...
...spend what it does not have. This sounds simple in principle, yet it is frequently violated in practice. Many of the council’s projects have the potential to break even but require a significant initial investment. The council becomes tempted to simply assume that it will recoup those costs by charging students for the services and in the mean time pretend the money hasn’t been spent. But this can be a very dangerous game—especially since it often involves covering losses with money pledged to student groups...
...It’s not our money—it’s the student groups’ money,” Nicolais said. “If we don’t recoup these costs, we are in a lot of trouble...