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...Rudd embraced conservative policies with an ease that shocked Labor stalwarts. He supported the government's bill restricting marriage to one man and one woman; its intervention into dysfunctional Aboriginal communities; its sale of the final one-third of telecommunications firm Telstra; its takeover of the Murray-Darling basin; its use of antiterrorism laws to expel visiting doctor Mohamed Haneef, suspected of complicity in a British bomb plot. A scornful Bob Brown, leader of the Greens Party, continued the list. "Labor and the Coalition are exactly the same," he said, "on logging native forests, exporting more uranium, increasing coal mining...
...need it this time around, as darkened Broadway theaters and striking Hollywood writers dampen the holiday spirit, toys have gotten scary, gas prices trudge ever upward, the dollar slips ever lower, and the credit crisis makes people feel poorer even if they aren't in foreclosure. One marketing firm predicts a "blue Christmas," citing slumping sales of tinsel as a leading indicator; 27% of shoppers say they'll be spending less this year...
Three years ago, Henry Sidel, 39, traded the fast track of vodka imports for sake. The former Brooklyn Brewery general manager and marketing director of Millennium Import started Joto Sake, an import firm, with $250,000 in equity and a personal lust for the drink. "More sake is sold in the U.S. than French champagne," he says dryly, sitting in his warehouse office in Manhattan. "People think of sake as a niche category...
Nearly half the people who went online in the U.S. in October--83 million, according to the research firm comScore Media Metrix--visited MySpace or Facebook, making social networking one of the most popular activities on the Web. MySpace has the clear lead, with a U.S. audience of 72 million--more than twice that of Facebook's--and 2007 profits estimated at $200 million...
...sometime next year, as is widely expected, potential investors need to ask, "How big can Facebook grow?" says Internet analyst Bob Peck of Bear Stearns, who pegged Facebook's value at $6 billion in August. "You want to buy low expectations," says David Trainer, president of the business-valuation firm New Constructs. Google went public amid widespread skepticism, but Facebook has been anointed by its boosters as the next Google, despite MySpace's bigger audience and deeper pockets. As is always the case with the Web, some investors are going to make epic amounts of money. Others...