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...Eric Schmidt told the Wall Street Journal that he plans to prune the company's offerings in the coming months. It will also try to monetize some previously ad-free products like Google Finance and News. Such efforts may help it weather the economic storm without resorting to layoffs, even if it doesn't bring its stock price any closer to the November 2007 high of $732 per share. (It closed on Wednesday at $279.) And it's still got some $14 billion in cash reserves. So for now, at least, the free lunches are still...

Author: /time Magazine | Title: Even Google Gets Frugal in the Recession | 12/4/2008 | See Source »

...standing. Supporters are confident that when the world meets for the annual U.N. summit on climate change in Poznan, Poland, this month, avoided deforestation will be one of the main topics of discussion. "This is too important not to be front and center on everyone's minds," says Jake Schmidt, head of international climate policy for the New York City-based Natural Resources Defense Council. "It will be a major focus." For international companies looking to invest in REDD projects, there's another reason for signing up. Not only can they bank carbon credits for future use, but there...

Author: /time Magazine | Title: Green Banks: Paying Countries to Keep their Trees | 12/4/2008 | See Source »

...Davis detailed what might have been in the campaign ad war - and what self-censorship the McCain staff imposed on themselves regarding the issue of race. For most of the campaign, Davis functioned as McCain's silent partner. While journalists hounded McCain's senior campaign aides, people like Steve Schmidt, Mark Salter and Rick Davis (no relation), Fred Davis worked in the shadows. He designed and often wrote the scripts for the most stinging of McCain's spots - the Web ad that depicted Obama as a messiah, the kindergarten ad that suggested Obama wanted to teach young kids about...

Author: /time Magazine | Title: The Anti-Obama Campaign That Didn't Happen | 11/24/2008 | See Source »

...high-stakes political-legal drama obscured Holder's role at the time, but details emerged in later reporting for a book, Truth at Any Cost, that I co-authored with Susan Schmidt. That account was based on interviews with Starr, his staff and senior Justice Department officials, including Holder - as is this article...

Author: /time Magazine | Title: Will Holder's Role in Lewinsky Probe Get Scrutiny? | 11/21/2008 | See Source »

...other side, Russia remains true to the quip of former German Chancellor Helmut Schmidt about the Soviet Union: "An Upper Volta with nukes." OK, today it is not just rockets. The Kremlin's power also flows (more effectively, in fact) from those pipelines that have hooked Europe on Russian oil and gas. But for all of its fabulous riches in the ground, 
 Russia remains a kind of Third World country, an extraction economy whose welfare and clout fluctuate with the price of oil. Today, oil fetches less than one-half of what it did when Russia, flush with cash...

Author: /time Magazine | Title: The Russia Problem | 11/20/2008 | See Source »

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