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...That prime-the-pump logic is also behind the use of the government to create demand - what we know as stimulus spending. Last year's $787 billion American Recovery and Reinvestment Act has received its fair share of criticism for funds being dispersed too slowly and for not doing enough to stem unemployment. But in Austin, Bruce Matous has a different point of view. "This saved my family business," says the president of Matous Construction...
...Over at the University of Texas, the nonprofit Austin Technology Incubator houses fledgling firms, plying them with business-plan advice, contact with financiers and lots of coffee over which to share ideas and solve problems. The incubator's 20-year record: more than 200 companies and thousands of jobs created. "Companies don't start unless they're resourced," says Rob Neville, who launched one company with the help of the incubator and is now scaling up another, Savara Pharmaceuticals, in anticipation of support from the Texas Emerging Technology Fund...
...reason for that is obvious. Jan. 12 was, in effect, the starting point for the next phase of competition in China's search market - the battle for Google's share, which is about one-third in terms of search revenue. The most obvious potential foreign beneficiary is Bing, Microsoft's new search entry. And while Bing may not exactly have been handed the keys to a very rich kingdom, the executives there understand their good fortune - and have not been shy about subtly sticking the knife into Google. On March 17, Craig Mundie, chief research and strategy officer, told...
...After this season, the NCAA can opt out of the deal and seek new television partners. Knowing that they might not be able to secure a hefty rights fee for a new deal in a shaky economy, the extra games could secure additional revenue for the schools - NCAA members share the tournament revenue whether they play or not, so more games enlarges the pie. "The opportunity for securing long-term financial stability through such contracts is certainly a priority," says Shaheen. "Revenue stability is something that our membership relies upon and something we must strive for in service to them...
...results currently are so close - with current Prime Minister Nouri al-Maliki neck-and-neck with former Prime Minister Ayad Allawi, and the movement of radical Shi'ite cleric Moqtada al-Sadr emerging with what may be a kingmaker's share of the vote - that Iraq could see months of deadlock that will do little to boost the country's faith in its politicians. Moreover, the election results have broken down along depressingly familiar sectarian and the ethnic fault lines - although with the authority of the traditional ethnic and sectarian parties weakening in a manner that will further complicate efforts...