Today's business news

Internship Hiring is Tanking
Citing budget cuts, decreased workloads, and downsizings, companies say they expect a 21% decline in undergraduate internships, and MBAs are not immune either.

Top Hedge Fund Managers Do well in a Down Year
The financial crisis may have turned much of Wall Street’s wealth into dross, but a select group of hedge fund managers has managed to maintain a golden touch that might make King Midas blush.

YouTube being blocked in China
Google said Tuesday that its YouTube video-sharing Web site had been blocked in China.Google said it did not know why the site had been blocked, but a report by the official Xinhua news agency of China on Tuesday said that supporters of the Dalai Lama had fabricated a video that appeared to show Chinese police officers brutally beating Tibetans after riots last year in Lhasa, the Tibetan capital.

Is Antarctica Getting more popular?
LAST month, on its next-to-last day of a 15-day Antarctic tour, the Ocean Nova, carrying 65 passengers and a crew of 41, ran aground in Antarctica and was stalled for more than a day. Damage was minor (some flaking paint and dents to the hull), and all passengers on the cruise, run by Connecticut-based Quark Expeditions, were safely transferred to another ship. But the incident, the fourth maritime accident in three years involving excursion vessels in Antarctica, is raising concerns about the dangers of fast-growing tourism in the region.