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Most analysts forecast decent growth for Google in 2009. But Trip Chowdhry of Global Equities Research predicts that the firm will lay off anywhere from 10% to 15% of its employees in 2009 as a result of stagnating revenue. "This is not only for Google. This is for every Internet company that has only one revenue source, which is advertising," says Chowdhry. He estimates that the company will bring in $14.57 billion by 2010, down 4% from an estimated $15.71 billion in 2008. Sanford Bernstein's Lindsay, on the other hand, recently lowered his upbeat forecast for the search giant...
...Next year, workers at Ford plants will earn an average $53 an hour with benefits, the result of a breakthrough industry agreement worked out with the UAW in 2007. That's close to the $49 an hour that workers at the transplants average and far below the $71 an hour with benefits that was the old UAW wage, and that was cited by Alabama Senator Richard Shelby as a reason to oppose any bailout. And the cost differential on enginemaking between Detroit and the transplants will narrow to a couple of dollars by 2011. "You want to just choke these...
...Rabbi Hirschy Zarchi, the director of Chabad at Harvard, frequently connected students to the Chabad in Mumbai and, as a result, got to know Rabbi Gavriel personally...
...dawn of a new political administration, the United States faces evolving security threats that must be addressed through dynamic intelligence practices, the director of national intelligence, Mike McConnell, said in a speech at the Harvard Kennedy School yesterday. “With weapons of mass destruction that could result in the death of many, many people—chemical, biological, and nuclear weapons—we assess the likelihood of each,” said McConnell, who became the second director of national intelligence in 2007. “The likelihood of nuclear attack is less but is not eliminated...
...turmoil out of Iraq may no longer be bloody and fatal, but politics can result in casualties too. Indeed, the recent successes of Iraq's Shi'ite Prime Minister, Nouri al-Maliki, may have made him a target for the country's increasingly voluble politicians. In his apparent overwhelming confidence in his power, Maliki has recently picked fights with his Kurdish allies, his Shi'ite opponents and his Sunni partners over a variety of issues. Now Iraq's President, Jalal Talabani, who is a Kurd, wants to haul the Prime Minister into federal court, an unprecedented and blistering public slap...