Marketplace for Monday, March 17, 2014
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The Chinese company Alibaba is squaring up to sell its shares to the public here in the U.S. The IPO is expected to be the biggest since Facebook. But what is Alibaba? It’s a lot more (and a lot more profitable) than just a Chinese Amazon. Plus: Crimeans have voted overwhelmingly for the territory to secede from Ukraine and join Russia. This is a big political victory for Russia’s leaders but some estimate that Russia will need to spend $10 billion each year for the next 5 years to build infrastructure, pay pensions and benefits to the 2 million residents. And finally: If you get the entire NCAA bracket right, you can win $1 billion from Quicken Loans. But the odds are hugely against you: 1 in 9 quintillion.
Posted In: ICANN, Internet
It's not magic fueling marketplace.org, says the CEO of ICANN.
The new middle class in China has a booming demand for the banned product.
A big political victory for Russia’s leaders will come with costs -- Crimea depends on Ukraine for water, energy, food and 70 percent of its budget.
Posted In: March Madness, lottery
So what is certain about this promotion? That Dan Gilbert, the businessman who owns Quicken Loans, gets several million sales leads by people registering for the game.
Posted In: transformers, power grid, Blackout
The failure of just nine utility substations, and the closing of one factory, could blackout the entire U.S. for 18 months.
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