Word: systemically
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...believe that of the two, Tencent is in the better position to capitalize, given its dominant position in China's booming instant-messaging business. According to estimates by Analysys International, nearly 70% of China's 400 million Internet users use instant-messaging, and of those, 80% use Tencent's system, known as QQ. That's the major reason that Tencent's market capitalization is bigger than Baidu's, and an insider at the company acknowledges that search "is very much" a target of opportunity...
Since Jan. 12, Google's primary mission when it comes to its China operations has been damage control. What, if any, of its businesses beside search will survive? So far, it appears that Chinese adopters of Google's new Android operating system - including China Mobile and China Unicom, the two dominant mobile-phone companies - still have the government's permission to utilize the platform. But the future of other businesses that Google is involved with in China - for example, TOP 100.cn. a music portal funded by Google and several big music labels - is unclear...
...March 15, President Obama unveiled his plan for reforming the nation's education system. The bulk of the plan, which looks to overhaul George W. Bush's frequently criticized No Child Left Behind law, advances the bold ideas with which this Administration has already become closely associated. The President wants to link billions of federal dollars to initiatives like ending the achievement gap between white and nonwhite students, evaluating teachers and awarding performance bonuses to principals and teachers who've earned them. On the basis of what we know has worked in New York City with our 1.1 million schoolkids...
...wants to make sure a high school diploma means students actually have the skills they need to compete in an increasingly global workforce. Obama would define school success by how much improvement students make from grade to grade, no matter where they started, as opposed to the current system, in which schools are judged on students' absolute performance, not their progress. Obama's model is similar to the one we pioneered three years ago here in New York City, where we give schools an A-to-F grade based on how well they're helping their students acquire skills...
...third of Detroit's residential parcels are vacant lots or empty homes), close failing schools (one-third of Detroit children attend schools that rank among the state's bottom 5%), invest in new-economy job creation (one-quarter of Detroiters are officially unemployed) and improve its woeful public-transportation system. (See pictures of school kids in Detroit...