Spend Matters Friday Latte

The name of the game.
Procurement: Innovation is an important part of the deal -- How can outsourcing IT services help chief information officers to juggle conflicting priorities of keeping costs low while increasing the business value of IT? Recent research from Gartner, the market research company, suggests that procurement and IT leaders give these aims more or less equal ranking, with a slight emphasis on value over cost.

Electric cars in China.
Highly charged -- CHINA has lots of people, not much oil and rulers who love big projects. Small wonder that makers of electric cars see it as the market of the future. The Chinese government wants to have 500,000 electric cars, lorries and buses on the country's roads by 2015 and 5m by 2020. It is providing customers with subsidies worth up to 60,000 yuan ($9,250) and other incentives, too. If it carries on doing so, electric cars and plug-in hybrids could account for 7% of new-car sales in China by 2020, assuming an oil price of $130 a barrel, says a forthcoming report by the Boston Consulting Group (see chart). That would make China the biggest market for electric vehicles, by volume, in the world.

Sigh.
Wars to Leave $4 Trillion Hole in US Budget: Study -- The wars in Iraq, Afghanistan and Pakistan will cost between $3.2 trillion and $4 trillion, ultimately, according to a new Brown University study. The figure, sure to be controversial, includes future medical care and disability for veterans. It does not include future interest expense on war-related debt.

Psh. Dinosaurs ALWAYS win.
Dinosaurs were animal world's top bone heads -- Scientists have compared a dinosaur with several modern-day animals to settle who wins the heavy-weight head-butting title. The new findings confirm that the ancient bipedal dinosaur Stegoceras could knock out any of today's top head-butters.

- Sheena Moore

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