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That's actually when we might start to see a problem, according to Raj Date, executive director of the Cambridge Winter Center for Financial Institutions Policy. In congressional testimony on March 2, he made the case that as the demand for loans from creditworthy borrowers picks back up, there might not be enough lending to go around. Part of that has to do with many small banks' capital constraints - money they would lend is still tied up in those real estate loans. Just as important, though, other places business owners have looked to for funding in recent years, like home...
...reason for my nighttime writing adventure was to see what life is like on a massive content farm. I was working for Demand Media, the content-provider start-up that has quickly become the Web's least understood and most vilified juggernaut. The company has come up with a ruthlessly efficient way to churn out stories it knows will be profitable online. The topics may seem bizarre, but the method, though controversial, is unquestionably a success. (See the best social networking applications...
...likely read some of Demand's content without realizing it. Founded in 2006, the company runs a slew of popular Internet portals, including eHow.com Cracked.com and Livestrong.com that receive 100 million hits a month - more traffic than any of the digital properties of Disney, NBC, ESPN or, yes, Time Inc. The company, based in Santa Monica, Calif., is also directing an army of freelancers to write stories that appear in traditional media outlets, most notably in the Atlanta Journal-Constitution's weekly travel section, and a Demand executive says more deals with large off-line brands will be announced soon...
...Establishing job creation as a discrete goal is a misleading enterprise. Beyond cyclic swings in demand, what we're really talking about creating is not jobs but ideas and technologies and more efficient ways of producing and selling goods and services. If that sounds like a harder goal to set, let alone achieve, that's because...
...Perhaps the nastiest scandal emerged with a video taken by one of the construction workers at the Olympic site who have gone on strike to demand months of unpaid wages. Posted March 11 on the website blogsochi.ru, the video shows squalid conditions like overflowing latrines, fields of mud, an army tent serving as a chow hall and a shower stall that had been padlocked shut. "It's totally unsanitary," the anonymous narrator says. Another worker confirmed to TIME that he went on strike because he hadn't received his full wages since September. "After a week or so, the bosses...