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December 21, 2007
Insider Newsletter A weekly summary of the best in BusinessWeek and BusinessWeek.com

NEWS THIS WEEK'S TOP STORY

Does Japan Need
the iPhone?

The world's most sophisticated users
of wireless technology may be
unimpressed by Apple's
high-tech gadget

Company Snapshot: Apple

Editor's Memo

With the holiday season well underway, we're wondering whether the iPhone will be the perfect gift for Japan or whether they already have something just like it. If you're traveling, you'll want to check out our video on how to get through airport security more quickly and our story on the new technology that will streamline your trip even more, if you can afford it.

How does the hot-button immigration issue affect business? Our story will enlighten you about how some people are switching sides. Arik Hesseldahl tears down the iPod Touch, and we have a slide show of musical toys and gifts, from Guitar Hero to a toothbrush you can dance to.

-- Katherine Davis

FROM THIS WEEK'S ISSUE OF BUSINESSWEEK

NEWS
The Bear Flu: How It Spread
A novel financing scheme used by Bear Stearns' hedge funds became a template for subprime disaster

EMERGING MARKETS
A King of the Wild Frontier
James Harmon's Caravel finds investment opportunities in the world's unlikeliest places

MEDIA CENTRIC
Those Hulking Media Failures
Why so many conglomerates are splitting up and slimming down

FROM BW.COM'S TECHNOLOGY CHANNEL

HOMELAND SECURITY
Airport Fast-Pass Moves Slowly
Clear, which lets screened travelers skip long security lines, epitomizes the pitfalls of developing technology for Homeland Security agencies

TEARDOWN
Inside iPod Touch
The Touch will probably set the standard for iPod iterations to come, and our teardown reveals it's more than just an iPhone you can't make calls on

TECHNOLOGY
Validus: A New Power Player
The startup has raised $10 million in venture funding to develop direct current as an alternative to AC for computer data centers

FROM BW.COM'S SMALLBIZ CHANNEL

GETTING STARTED
Kitchen Incubators Get Food Businesses Cooking
While shared kitchens are a steal for entrepreneurs starting food businesses, incubators are unwieldy, expensive projects that don't always survive

FROM BW.COM'S ASIA & EUROPE CHANNELS

EUROPE
A French Twist in Silicon Valley
With backing from high-profile investors, Loïc Le Meur is giving new meaning to the idea of "building a company online"

AUTOS
Honda Targets Toyota's Hybrid Dominance
The carmaker's CEO wants to boost profits with a new, economical, 2009 hybrid—and with emerging market sales to offset weakness in Japan

FROM BW.COM'S MANAGING CHANNEL

THE BOARDROOM
Why I Took My Board to Costco
Tom Falk, chairman and CEO of Kimberly-Clark, says visiting customers is a key part of getting senior management and directors aligned on strategy

FROM BW.COM'S INNOVATION & DESIGN CHANNEL

INNOVATION
Innovation Predictions 2008
Get ready for … anything. As companies, governments—indeed, entire countries—confront an array of dilemmas, the only constant will be change

INNOVATION
Steppenwolf's Dramatic Arc
Three decades ago it was a little off-Loop theater. Now it's a big company, facing some big challenges

FROM BW.COM'S INVESTING CHANNEL

INVESTING
Wall Street: Cutting Through the Confusion
With uncertainty gripping the market, here's what investors need to know about earnings, the economy, credit, and the housing sector

PUBLIC POLICY
When Anti-Immigrant Is Anti-Business
Republican Presidential candidates, facing intense pressure to talk tough on immigration, are losing some support from the business community

FINANCE
Probe of Insider Trading at Bear Stearns
Federal investigators are examining whether some insiders pulled money out of Bear's troubled hedge funds, while others were blocked from doing so

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