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May 27, 2011 | ||
Insider NewsletterA weekly summary of the best in Bloomberg Businessweek and Businessweek.com | ||
| Editor's Memo
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| COVER STORY The End of Mail The U.S. Postal Service is as old as the country, delivers 40 percent of the world's mail, and is on the verge of collapse. It doesn't have to be MARKETS & FINANCE The Man Behind Egypt's Real Estate Rebellion Lawsuits brought by Hamdy El Fakhrany have uncovered an array of corrupt land deals FILM The Next Indie Darling, Courtesy of the Crowds Kickstarter helps small filmmakers crowdsource six-figure sums Zynga Said to Plan June IPO The biggest maker of games for Facebook may file for an initial public offering by the end of June, says a person familiar with Zynga's plan Freescale Seeks IPO at 47% Discount to Buyout Price Freescale Semiconductor is selling shares at a 47 percent discount to what private-equity owners paid after cutting the price range in its initial public offering by 17 percent VIEWPOINT Social Media: The End or Start of a Golden Age? The Internet will not rot your brain—or those of your children. Web communications will better connect us all with the world, Vivek Wadhwa argues Ready to Erase Whiteboards, IdeaPaint Lands 1,700 Lowe's Stores In 2008, John Goscha was finally ready to find distributors for IdeaPaint, a new paint he had invented to turn any wall into a dry-erase surface for writing and doodling that can easily be wiped clean SMART ANSWERS Find Chinese Venture Capital for Your Business Start by calling development groups that promote trade between China and the U.S. Then consider partnering with a sophisticated entrepreneur or investor with personal connections in the country POLICY Tax Break for Self-Employed Likely to Vanish The Small Business Jobs Act nixed the tax that self-employed workers pay on health insurance for 2010. Small biz advocates doubt Congress will extend it Sony's Year Goes from Bad to Worse After posting its widest annual net loss in 16 years, Sony says the earthquake and the hacker attack will erode $2 billion from operating profit this fiscal year Greece to Sell Billions in Assets to Stem Crisis The Greek government endorsed an accelerated asset-sale plan and ?6 billion of budget cuts to win extra aid and stem a market slide that threatens to swamp debt-laden euro-area nations REVIEWS Cadillac's $70,000 Monster Wagon The supercharged 556-hp Cadillac CTS-V wagon is a family vehicle with a heavy-metal attitude EATING AND DRINKING Tasting Ornellaia's Big, Bold Luscious Wines Ornellaia's Axel Heinz isn't trying to make blockbusters. What he cares about is making complex, tight wine with wondrous fruit qualities MANAGEMENT To the MBA Class of 2011 The government can't fix all of the problems caused by the financial crisis. That responsibility falls, in part, to you Red Bull’s Adrenaline Marketing Mastermind Pushes into Media Little known outside of his native Austria, Dietrich Mateschitz is one of the most successful entrepreneurs of our age, a man who single-handedly changed the landscape of the beverage industry by creating not just a new brand but a whole new category: the energy drink SO LONG, B-SCHOOL For 2011 B-School Grads, a Low-Key Send-Off Corporate bigwigs addressing the B-school class of 2011 are tempering their optimism. The message: Work hard, add value, embrace change MANAGEMENT How Strategic Opportunism Creates Luck Private equity firms made a fortune off Snapple after big corporations tried and foundered. Their secret: Agile business models Tennis’s Edberg Serving Up Bonds After six Grand Slam singles titles, Stefan Edberg is part owner and board member of Stockholm-based Case Asset Peltz Irked at Slow Legg Mason Rebound Chief Executive Mark Fetting has disappointed directors Nelson Peltz and KKR's Scott Nuttall by not having warned that expenses at Legg Mason's bond division would rise substantially AIG Share Sale Resolves Spitzer Probe Investors will receive a total of $750 million of a $1.64 billion fraud settlement reached in 2006 with Eliot Spitzer 
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