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Posted Friday, November 20, 2009 - 9:42am
Microsoft Office's Last Stand
Microsoft Office is already pretty useful, as evidenced by the fact that almost everyone who works in an office uses it in some way. But its competition is growing. That put extra pressure on Microsoft (MSFT) to make the latest version of Office particularly good:
Treasury Secretary Timothy Geithner sharply rejected a call to resign from his job and told a Republican congressman, "You gave this President an economy falling off the cliff."
Goldman Sachs' Shareholders Seethe
You can add some of Goldman Sachs' (GS) most important shareholders to the growing list of agitators who do not approve of the firm's plans to pay out record bonuses this year.
Goldman Sachs' investors want more of execs' riches.
Soros Gives Ford More Cause To Be Giddy
No doubt about it, Ford (F) came out of the springtime auto bankruptcy follies looking a whole lot better than its Motown rivals, General Motors and Chrysler. Now we learn that billionaire investor George Soros took a big stake in the company. Soros. Ford. CEO Alan Mulally has to feel like he’s on top of the automotive world right now.
Our New Home Page
If you think The Big Money looks a little different today, it’s not your imagination. We’ve redesigned our home page to make things a little easier to find. Loosely based on the design of our sister site Foreign Policy, TBM’s new look allows us to showcase blogs and features in snazzier, more accessible ways. In addition, we’ve added standing links to our regular bloggers, columnists, contributors, videos, and podcasts. We hope you find the redesigned page handsome and useful.
Welcome to TBM’s redesigned homepage. Find out what’s new.
If you’ve searched online for a hotel recently, chances are you’ve stumbled upon TripAdvisor, the hotel review Web site. TripAdvisor ranks hotels according to crowdsourced feedback. Anyone can go to the site to rave or rant about a stay in a particular hotel.
Nov. 19 (Bloomberg)—It was a happy accident that Barack Obama found himself in Beijing on the day the U.S.
The Car Czar Cannot Be Serious
Ron Bloom, the man taking the lead for the Obama administration’s auto task force, told Reuters that the U.S. Treasury, which controls 60 percent of General Motors, was a tad surprised when the carmaker decided against selling Opel: “Bloom said the administration was caught off guard when GM decided this month to keep its European Opel unit rather than sell a majority stake to a Russian-backed group led by Canadian auto parts maker Magna International.”
If the car czar doesn’t know what’s going on at GM, who does?
In Shanghai, which is China's New York, locals and expats are doing their best to foist American-style consumerism onto China's rising masses—with mixed results. Starbucks (SBUX) has opened several hundred stores, even though China has no coffee-drinking culture to speak of.