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...saying the company does not think it can make money off the magazine - ever. It may not be wrong. Less than a decade ago, Business Week ran nearly 6,000 ad pages in a year. This week, a banker valued the magazine at a dollar. "The rapid speed of the switch from print to digital, combined with the extreme severity of the economic downturn, has made it very tough for all weekly magazines," says Stephen Shepard, former editor in chief of Business Week and now dean of City University of New York's journalism school. Of all of them, though...
Last summer, when gasoline was above $4.50 a gallon, Kaufmann was laughing at his neighbors' wallet-withering $100 fuel bills for their SUVs, while he toddled about in his sporty Zenn, a low-speed neighborhood electric vehicle, or NEV, for next to nothing. Though NEVs can't legally go over 25 m.p.h. in a 35 m.p.h. zone, newer high-speed sedans, like the ones Nissan and Tesla will be launching, are highway-approved, crash-tested and able to hit 80 m.p.h. in seconds flat. (See the top 10 everything...
...Much of that investment growth came from the brute force of the government, which is directing bank loans to state-owned companies, which in turn have been building everything from high-speed rail networks to new highways and bridges across China. But economists were quick to note that other sectors of the economy besides construction now seem to be joining the party. In particular, property investment rose by nearly 18% in the quarter, well above what many economists had expected...
...there examples in other countries of large-scale projects that Americans might learn from? I think what the Chinese are doing on many of their rail lines - vast upgrades to electrified high-speed passenger rail - is something we should emulate. Spain has revolutionized travel across their country by linking most major metropolises through a sparkling new high-speed rail network. The U.S. has nothing like it. But high gas prices will change that...
...know why the program was not on the new director's desk within his first two weeks on the job." Both former officials asked not to be named. The second official also questioned the argument that the program was not important enough for Panetta's immediate attention. "The speed of Panetta's actions when he was informed tells me that the program was pretty important," he says. (See the top 10 Secret Service code names...