Word: sparklies
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...predicts the U.S. economy will contract 2.6% this year. American home prices continue to fall in some cities, while the unemployment rate has soared to 9.5%, the highest since 1983. The U.S.'s much ballyhooed stimulus plan has so far yielded little measurable benefit, save putting some spark back in stock markets. The absence of real signs of recovery has Washington discussing the possibility of yet another round of stimulus spending, despite a ballooning federal budget deficit...
...their business (i.e., the sale of dolphins for meat, at about $600 a head). The film counters with a fleet of scientists flown in (more money!) to unearth evidence that no one should be eating dolphin meat; samples were toxic with mercury. The filmmakers hope The Cove will spark a change in Japanese policy, but they'll need help from audiences willing to do more than applaud. (At Sundance, the film won the Audience Award for documentary...
...case of Tonghua Iron and Steel, it seems the steel industry's turnaround helped spark the riot. Jianlong had invested in the company in 2005 but then pulled out as Tonghua lost money amid the global downturn this spring. But as China's steel demand surged, Tonghua turned a profit of $6 million last month, renewing Jianlong's interest. After the killing of Jianlong's representative on Friday, the local government announced the deal was canceled, China Daily reported...
...Madoff bill" in New York's legislature that, if passed, would require wealthy inmates to be billed for the cost of their prison stays - estimated at $90 per inmate per day. TIME spoke with Tedisco about the legislation's nickname, the "party palace" in a Manhattan jail that helped spark the proposed law and why lawmakers might want to let prisoners keep their TVs. (Read "The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years...
...idea "as powerful as it is misunderstood," Free has become a multibillion-dollar business model tailor-made for the Internet economy. As digital-infrastructure costs approach zero, Anderson argues that Free often pays off, whether it involves giving away cell phones to hawk monthly plans or embracing piracy to spark demand for merchandise. He also explains how charging even a penny can scramble consumer psychology and sketches a blueprint for competing with juggernauts, like Google, that have harnessed the force of a unique digit--"the hole where the price should be, the void at the till." The editor in chief...