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Google.org, a For-Profit Charity
Google has set up a subsidiary, Google.org, a for-profit philanthropy with initial capital of a billion dollars. Not being organized on a tax-free basis carries both advantages and drawbacks. From the article: "Unlike most charities, this one will be for-profit, allowing it to fund start-up companies, form partnerships with venture capitalists and even lobby Congress. It will also pay taxes." One of Google.org's first projects is the development of a plug-in hybrid vehicle that achieves a mileage rating equivalent to 100 MPG.
Well, this IS Slashdot. News for Nerds. Things that batter.
"I've got more toys than Teruhisa Kitahara."
First we'll have the gCar, and it will cost far more than it's actually worth, but investors will cough up the money anyway. Apple will follow suit with their iCar, which will be made out of translucent white plastic, but will only run certain fuels. After making a suitable amount of money selling their iCar, they will begin to market successively smaller iCars, and charge more to get them in black.
Meanwhile, somewhere in Redmond, Steve Ballmer will be plotting to 'fucking kill' them both. Unfortunately by this stage he'll have put his back out throwing chairs, so he'll instead switch to 'fucking kill'ing them with a motorised chair with wheels, which Microsoft will market it as the Zume.