Word: digital
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...switch on the lights on a specific street whenever they like. All they have to do is register for the scheme online and provide a phone number. Each time they need to see in the dark, they call the Dial4Light number and either recite or enter the six-digit code - which can be found online or on every lamp in each street - that corresponds to the stretch of road they want lit. Within seconds, the lights are on, and they'll stay on long enough for someone to walk from one end of the street to the other. "The scheme...
Although Ahmadinejad has retained the presidency, his future remains shaky. He faces double-digit inflation, shrinking government coffers that may not support his expensive populist programs, and spiraling unemployment, particularly within the restless youth population. The regime's obstinacy on the nuclear issue may bring further debilitating international sanctions, which, combined with slumping oil prices, may push fellow conservatives toward a vote of no confidence in their leader. (Watch TIME's video "Iranian Rockers Unite for Freedom...
...first half, the company said Wednesday, thanks largely to its acquisition in January of HBOS, the troubled U.K. lender heavily exposed to Britain's declining property market. Still, you can't fault Lloyds' optimism. The bank, in which the government has a 43% stake, predicted "high single-digit income growth" within two years. Analysts expect a steep hike in provisions for bad loans when Royal Bank of Scotland (RBS), Britain's largest taxpayer-funded lender, unveils first-half results later this week. After falling to a $40 billion loss last year, the largest in U.K. corporate history, RBS - more than...
...budget gap in FY 2011. Of the remaining states, many note that it is simply too early to know if a gap will occur, although several indicated that one is likely. The size of these projected gaps raise warning sirens-loud ones. Several states will need to close double-digit budget gaps yet again...
...companies struggle to keep afloat in an age of abundance, Anderson posits a provocative solution: give your wares away gratis. An 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...