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Weekly News Digest

January 21, 2008 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Google Details New Philanthropic Initiatives

Google.org, the philanthropic arm of Google, announced five core initiatives that will be the focus of its philanthropic efforts over the next 5 to 10 years. Google.org will collaborate with experienced partners working in each of these fields, investing its resources, and tapping the strengths of Google’s employees and global operations to advance its core initiatives. The announcement includes more than $25 million in new grants and investments to initial partners. The resources come from a commitment by Google’s founders to devote approximately 1% of the company’s equity plus 1% of annual profits to philanthropy, as well as employee time.

The three new efforts include the following:
• Google.org supports efforts to empower communities to predict and prevent events before they become local, regional, or global crises by identifying "hot spots" and enabling a rapid response—initially focused on Southeast Asia and tropical Africa.
• Google.org works with partners to improve the flow of vital information to improve basic public services for the poor in India and East Africa.
• Google.org supports efforts to lower transaction costs to invest in small- and medium-sized enterprises (SMEs), to create opportunities to access larger financial markets, and to make investments in this sector in the developing world.

These three new efforts join two climate change-related initiatives announced earlier this year: to develop renewable energy that is cheaper than coal (known as RE<C) and to accelerate the commercialization of plug-in vehicles (RechargeIT).

Source: Google.org



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