Word: streamings
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...Turn the stream into a mighty river. About half of the company's costs go to paying the people who fill the envelopes and to the Postal Service. Netflix would love to dispense with those costs and send its product directly to customers by streaming it to their TVs. At the moment about 12,000 of the more than 100,000 titles are available for streaming, but that requires a Blu-ray player or a special Netflix device that sells for about $100. The company doesn't expect to be fully streaming for another five years. That's a long...
...After decades of neglect, the Bolshoi had deteriorated into a firetrap, and by the time the renovation started, more than 70% of the theater's foundation had been eroded by an underground stream. Worse still - at least, for Russia's music lovers - damage caused by construction of the Moscow Metro in the 1930s and a bomb hit during World War II had forced the theater to replace the wood panels on the walls with concrete in the 1950s, ruining the acoustics. Eventually, with support from UNESCO, the government decided to fund a $700 million reconstruction project, which was started...
Never fear, Internet neophytes! A new website has your back. The folks at Rocketboom, themselves a onetime viral sensation, have come up with Know Your Meme, a handy guide to the endless stream of random Internet madness...
...likely CIT bankruptcy serves as a reminder that a number of issues of the financial crisis have yet to be resolved. Among the things that analysts and economists are still worried about are the hundreds of billions of dollars in commercial real estate bonds that face defaults, a continued stream of small-bank failures and the rising unemployment rate...
...Russia insists it is a reliable partner and blames Ukraine, which transits 80% of its gas exports, for the recent winter spats. Moscow's solution is to bypass Ukraine and supply Western Europe directly through the Nord Stream pipeline (to Germany, via the Baltic Sea) and the South Stream (to Bulgaria, via the Black Sea). But that would do nothing to ease the E.U.'s reliance on Russian gas, and most E.U. leaders don't see it as a viable option. Last month Barroso warned that "the E.U. must not sleepwalk into another gas crisis...