Word: zero
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...raging debate about the largest American banks is whether their stock market values should be zero. Economist Nouriel Roubini, the most highly paid pessimist in the world, recently said that U.S. banks are "insolvent" and credit crisis write-downs will total $3.6 trillion. That is a great deal more than has been taken as losses by financial firms to date...
...chapter, on blogs. Four of the five best-selling novels in Japan in 2007 belonged to an entirely new literary form called keitai shosetsu: novels written, and read, on cell phones. Compared with the time and cost of replicating a digital file and shipping it around the world--i.e., zero and nothing--printing books on paper feels a little Paleolithic. (See 25 must-have travel gadgets...
...Agarwal points out, this bond is breaking down. "The younger segment, with zero to five years of experience - for them the loyalty factor doesn't work anymore," he says. "They follow the big bucks. I think if they had a choice, a larger percentage [of Satyam employees] would like to bail out." E. Balaji, CEO of Ma Foi Management Consultants, says the uncertainty of the job market may be a deterrent. "People who joined the workforce from roughly 2004 onwards assumed everything would only go up," he says. "They saw real estate, stocks, salaries going up, and forgot that there...
...farm in the desert outside Abu Dhabi, with row after row of solar panels angled to the Middle East sun like bathers lying poolside. The solar farm was the first tangible evidence of Abu Dhabi's Masdar City, a $22 billion project that is planned to be the first zero-carbon footprint, totally renewably powered settlement - a monument to the use of technology to conquer hydrocarbons. "This is bringing attention and capital from around the world to Abu Dhabi," says Khoreibi. "We're going to use this as a launching pad for clean development...
...that did. With that market vaporized, Washington can increase tax credits all it wants, but the policy will have little effect. The answer is to make the tax credits directly refundable, so that if a solar start-up can use its credits to reduce its tax bill to below zero, it would actually receive a check from the government for the difference. "That would solve the problem, and we could go right to work," says O'Brien...