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Pessimism is in vogue. As third-quarter earnings roll in, Wall Street's analysts are slashing prior estimates, predicting many dire months ahead for major American companies...

Author: /time Magazine | Title: A Dismal Earnings Outlook on Wall Street | 10/31/2008 | See Source »

Goldman Sachs analyst Susan Friar recently called Microsoft a "laggard" in moving to browser-based software. But, in reality, it's not even a player. Although Microsoft announced on Oct. 27 that it will roll out "lightweight" Web versions of Word, Excel, PowerPoint and OneNote as part of its next release of Office, that release isn't expected until 2010. Meanwhile, Zoho, which is based in Pleasanton, Calif. and has 500 employees, has been offering its free, Web-based word processor, Zoho Writer, since 2005. Google Docs, which is ad-supported, has been around since...

Author: /time Magazine | Title: Late to the Game: Microsoft Office Online | 10/31/2008 | See Source »

...wonderful question, but you know I'm not going to answer it. I grew up in Demopolis, Alabama, where my parents and grandparents taught me you don't ever talk about how much money you have or how much things cost or how much you make. My grandparents would roll over in their poor graves if they heard me talking like that...

Author: /time Magazine | Title: Q&A with Investing Legend Jim Rogers | 10/31/2008 | See Source »

...world that challenges them to break free of their parents' expectations: Will they be dutiful sons and find good jobs, or will they indulge in idealism and take risks? In one passage in Above Average, the character Arindam experiences an epiphany while playing in a band: "That first roll to the end of the song was the one time in my life when anything seemed possible ... the one time in my life when I was not a bespectacled Bengali computer scientist sitting in a small room in Mayur Vihar, but Mitch Mitchell himself, the master of the drum...

Author: /time Magazine | Title: Techie Lit: India's New Breed of Fiction | 10/30/2008 | See Source »

...contributed to the deepening of the crisis. Earlier this year, while Icelandic banking executives offered interviews to calm investors, the Financial Times published an influential story revealing an ongoing investigation into hedge funds trying to destabilize the country. Last month, the liquidity freeze made it impossible for Glitnir to roll over its short-term debt, as the krona suddenly depreciated and interest rates soared. Fear rapidly spread to the United Kingdom and the rest of Europe, where residents had deposited billions in the other two Icelandic banks attracted by their high interest rates. Amidst the banking run that immediately followed...

Author: By Pierpaolo Barbieri | Title: Gone With the (Arctic) Wind | 10/29/2008 | See Source »

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