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...recent past had made believers out of many marketing analysts, until this year. In 2007, online advertising rose 26% to $21 billion. By most estimates, that growth rate dropped well below 20% last year and could fall to under 15% this year. These figures include search advertising which is dominated by Google (GOOG). It is still the most efficient online method for reaching customers, so if search revenue is removed from the analysis, internet display sales may already be falling...

Author: /time Magazine | Title: False Hopes for Internet Profits | 2/4/2009 | See Source »

Denmark may be a country of just 5.5 million people - about as big as a medium-sized city in China - but a fitting host of the climate change summit. Denmark has thrived while emphasizing clean energy and cutting carbon emissions - between 1980 and 2004, the country's GDP rose 56% while CO2 emissions dropped 35% - and thanks to smart policies and investment, more than a quarter of Denmark's electricity now comes from renewable sources. Danish companies also punch well above their weight in the growing wind turbine industry. To drum up global support for the summit, Hedegaard can easily...

Author: /time Magazine | Title: Hazy Forecast for Climate Summit | 2/4/2009 | See Source »

...midnight, when Cullen lay down by the derrick to grab some sleep, they had penetrated the slushy, oil-bearing sand underneath...Four hours later Cullen heard Brown shout: "Wake up, Mr Cullen. I think she's coming in!" In the dim predawn light Cullen rose to see oil and gas spewing so violently from their hole that the four-inch flow line, which connected the well to a storage tank, had come loose and was wildly slashing the air. Cullen dashed to the storage tank, leaped atop it, and held the thrashing line until his crew could tie it down...

Author: /time Magazine | Title: The Big Rich | 2/2/2009 | See Source »

These four families rose fast and fell hard. Meticulous research culled from courthouse records, archives and interviews with descendants of the Big Four make The Big Rich a page-turning tale with well developed characters that seems boxed up and ready for the silver screen. It's impossible to read this book and not think of the 2007 film There Will Be Blood, which put the ruthless business of land rights and oil drilling into sharp focus. Burrough's tome, though, is broader and explores not just the greed, wealth and risk of early twentieth century American oil prospecting...

Author: /time Magazine | Title: The Big Rich | 2/2/2009 | See Source »

...blazed through a packed dining hall during brunch yesterday, leading the resounding cheer of “Hail the victors of the Straus Cup”—three months before the cup will be awarded. In a parade not unlike a bridal procession, Rosen sprinkled fresh rose petals throughout the dining hall—IM aficionados boisterously cheering and chanting behind him—after having baptized their 2007 trophy with frigid water from the Charles River. “Over the next three and a half months, every person has to do their duty...

Author: By Bita M. Assad and Ahmed N. Mabruk, CRIMSON STAFF WRITERS | Title: Premature Celebration in Winthrop? | 2/2/2009 | See Source »

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