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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.

CLICK HERE to view more Weekly News Digest items.

Google Details New Philanthropic Initiatives, 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. 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:
• 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.
• works with partners to improve the flow of vital information to improve basic public services for the poor in India and East Africa.
• 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).


Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli
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