


Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
The Justice Department has quietly hired one of the nation's best-known litigators, former Walt Disney Co. vice chairman Sanford Litvack, for a possible antitrust challenge to Google Inc.'s growing power in advertising.
Mr. Litvack's hiring is the strongest signal yet that the U.S. is preparing to take court action against Google and its search-advertising deal with Yahoo Inc. The two companies combined would account for more than 80% of U.S. online-search ads...
Microsoft also has objected to the deal, saying it would unfairly foreclose competition on the Web. In Senate hearings in July, Microsoft's general counsel, Brad Smith, testified that "if search is the gateway to the Internet, and most people believe that it is, this deal will put Google in position to own that gateway and the information that flows through it."
Google, Inc. announced Thursday that it is working on a collaborative online encyclopedia that could compete with Wikipedia, the popular user-edited encyclopedia.
The "knol" project – named for Google's shorthand for a unit of knowledge – will allow a user to create an entry on virtually any topic. Like Wikipedia, it will allow anyone to add an entry, but unlike the largely anonymous Wikipedia, it will post an author's byline and profile with each entry.
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