Word: schmidts
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Dates: during 2000-2009
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When Google (GOOG) reported earnings, earnings which were extraordinary during a poor economic period, for the first quarter, the company's chatty CEO Eric Schmidt said "Google had a good quarter given the depth of the recession - while revenues were down quarter over quarter, they grew 6% year over year thanks to continued strong query growth. These results underline both the resilience of our business model and the ongoing potential of the web as users and advertisers shift online." What he did not bother to mention is that no business model is any good at all without customers. Google...
...hard-pressed the international community will be if it wants to meet its deadline of creating a new Kyoto by December. "There's a lot of goodwill because [the U.S. is] back and everyone is tired of spending the last eight years in the dungeon," says Jake Schmidt, the international-climate-policy director for the Natural Resources Defense Council. "But they need to start bringing real proposals to the table and show what they're willing to do in Copenhagen...
...heart of Schmidt's proposal was using the TV business as a model. A large amount of television content is free and supported by advertising. Other content is part of basic cable, and there is some income in being part of that distribution channel. Finally, pay TV creates a wall that the consumer cannot get over unless he is willing to shell out for premium content like movies. (See pictures of Google Earth...
...newspaper readers to pay for a portion of online content, Schmidt suggests that a micropayment system be created so subscribers can "pay as they...
...Schmidt's ideas are deeply flawed. Moreover, they come too late in the cycle of destruction that has marked the end of newspapers' financial viability. (Read a TIME cover story on how to save newspapers...