Keyword: siliconvalley

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  • Silicon Valley Finds Trump’s Disruption Unwelcome

    06/01/2016 6:36:36 PM PDT · by Mariner · 39 replies
    The New York Times ^ | June 1st, 2016 | Jason Henry for The New York Times
    PALO ALTO, Calif. — Donald J. Trump would not be Silicon Valley’s first choice as president. Or its second. Or maybe even its third. The presumptive Republican presidential nominee wants to restrict immigration while bringing back manufacturing. He compulsively uses tech products like Twitter but is not in awe of the people who built them. He made his fortune the old-fashioned way, by going into the family business, in the old-fashioned industry of real estate. He’s not the valley’s kind of entrepreneur. Worst of all, Mr. Trump is revealing Silicon Valley’s vulnerability. In recent years, technology companies have extended their...
  • From $4.5 Billion To Nothing: Forbes Revises Estimated Net Worth Of Theranos Founder...

    06/01/2016 11:48:28 AM PDT · by Enchante · 7 replies
    Forbes ^ | 06/01/16 | Matthew Harper
    Last year, Elizabeth Holmes topped the FORBES list of America’s Richest Self-Made Women with a net worth of $4.5 billion. Today, FORBES is lowering our estimate of her net worth to nothing. Theranos had no comment. Our estimate of Holmes’ wealth is based entirely on her 50% stake in Theranos, the blood-testing company she founded in 2003 with plans of revolutionizing the diagnostic test market. Theranos shares are not traded on any stock market; private investors purchased stakes in 2014 at a price that implied a $9 billion valuation for the company. Since then, Theranos has been hit with allegations...
  • What's Driving Silicon Valley To Become "Radicalized

    05/25/2016 8:26:18 AM PDT · by Cyberman · 12 replies
    The Washington Post ^ | 05/24/2016 | Elizabeth Dwoskin
    Like many Silicon Valley start-ups, Larry Gadea's company collects heaps of sensitive data from his customers. Recently, he decided to do something with that data trove that was long considered unthinkable: He is getting rid of it. The reason? Gadea fears that one day the FBI might do to him what it did to Apple in their recent legal battle: demand that he give the agency access to his encrypted data. Rather than make what he considers a Faustian bargain, he's building a system that he hopes will avoid the situation entirely. "We have to keep as little [information] as...
  • Male Employee Found Dead at Apple’s Cupertino Headquarters: Sheriff

    04/27/2016 6:50:04 PM PDT · by nickcarraway · 22 replies
    NBC Bay Area ^ | 4/27 | Riya Bhattacharjee, Lisa Fernandez and Michelle Roberts
    A sheriff's audio dispatch indicates a man was found in a conference room with a gun nearby, but officials could not confirm thatA man who worked for Apple was found dead at the tech giant's headquarters in Cupertino Wednesday morning, according to the Santa Clara County Sheriff. No suspects are being sought in his death, and no one is in danger, sheriff's officials said, adding that the campus at 1 Infinite Loop is open. Investigators have not confirmed information in apparent police dispatch recordings in which authorities describe the scene. "Through further investigation, they determined there was no other individuals...
  • Firebombing At Google Office Damages Google Earth Demo Car

    05/20/2016 9:52:39 AM PDT · by Flick Lives · 13 replies
    Zero Hedge ^ | 05/20/2016 | Tyler Durden
    Less than a month after a still unexplained suicide took place inside a conference room at Apple headquarters, there seems to be more trouble in Silicon Paradise. According to CBS, an incendiary device ignited a fire late Thursday night at the offices of digital giant Google, damaging a Google Earth demo car and leaving a large singe mark on one of the buildings, authorities said. Mountain View firefighters were called to the massive complex on Salado Drive at about 10:52 p.m. Arriving firefighters were met by Google security personnel and guided to an area where the car, used in Google’s...
  • BROWN, CUOMO RACE TO RAISE MINIMUM WAGE -- KASICH TOPS BAY AREA IN NEW POLL

    04/09/2016 10:30:04 AM PDT · by GilGil · 136 replies
    Politico ^ | 4/5/2016 | Staff
    REGIONAL BREAKDOWNS: SoCal is head over heels for Trump (Trump 49 percent; Cruz 34, Kasich 13) , Central Valley leans Trump (Trump 39, Cruz 26, Kasich 18), and Inland Empire for Cruz (Cruz, 43, Trump 30, Kasich, 9). Silicon Valley and the Bay Area? Kasich trounces Trump 43-36, with Cruz at 14.
  • Millennials are being dot.conned by cult-like tech companies

    04/04/2016 3:24:08 PM PDT · by OddLane · 23 replies
    New York Post ^ | April 3, 2016 | Kyle Smith
    Tech startups love millennials. Tasty, tasty millennials who get underpaid, overworked, churned up and turned into nourishment for venture capitalists. Millennials are the Soylent Green of the tech world. As each batch gets mashed up, there’s a long line of new hires eager to be made into the next meal for the execs and their billionaire backers, as tech survivor Dan Lyons shows in a scathingly funny new book, “Disrupted: My Misadventure in the Start-Up Bubble” (Hachette Books). Lyons became a strange kind of celebrity a decade ago when he began posting nutty but funny insights as “Fake Steve Jobs.”...
  • Andy Grove, former CEO of Intel died at 79

    03/22/2016 9:03:49 AM PDT · by Zathras · 18 replies
    CNN Money ^ | March 21, 2016 | David Goldman
    Legendary Intel executive Andy Grove, who transformed the company into a chip-making powerhouse and helped drive the personal computer boom, has died. He was 79. Although Grove wasn't technically a founding member of Intel (Gordon Moore and Robert Noyce were the company's two co-founders), he was present at the company's incorporation in 1968. He went on to become Intel's president in 1979, CEO in 1987 and chairman from 1997 to 2005.
  • Asian buyers scoop up 'bargain' million-dollar Bay Area homes

    09/28/2013 9:58:32 AM PDT · by ProtectOurFreedom · 79 replies
    San Jose Mercury News ^ | 9/28/13 | Pete Carey
    The continuing influx of well-heeled homebuyers from Asia has Bay Area real estate firms competing for a lucrative and growing slice of the region's residential market. "It has gotten big enough to where people are starting to pay attention to it," said James Yang, an agent with the Sereno Group. One Palo Alto real estate broker, Ken de Leon, bought a Mercedes-Benz van that seats 14 and is using it for tours of Palo Alto and Los Altos with a Mandarin-speaking agent. Palo Alto has become a point of interest for many mainland Chinese shopping for a second home or...
  • How And Why Buyers From China Are Snatching Up Bay Area Homes [20% Of Deals Cash]

    11/30/2014 4:17:17 PM PST · by Steelfish · 34 replies
    San Francisco Chronicle ^ | November 30, 2014 | Kathleen Pender
    How And Why Buyers From China Are Snatching Up Bay Area Homes By Kathleen Pender November 29, 2014 The Lumina, a luxury condo development taking shape in San Francisco’s South of Market neighborhood, is popular with overseas buyers. When Linda Vida sold her house in the Oakland hills this summer, she was hoping for a buyer who would live there, put kids in the local schools and “give back or participate in the community,” she says. However, “as is very typical these days, a woman from China paid all cash for the house, and is not going to live in...
  • Chinese developers muscling in to Bay Area housing market

    03/14/2016 5:58:43 AM PDT · by artichokegrower · 63 replies
    San Francisco Chronicle ^ | March 13, 2016 | Kathleen Pender
    The flood of Chinese money into Bay Area housing is coming not just from home buyers. Developers and investors are also building and backing large residential projects here. They mainly want to diversify away from China’s overbuilt market but also serve Chinese buyers wanting a home in the Bay Area.
  • Chinese Insurer Acquiring Santa Monica Resort, Hotel del Coronado In $6.5-Billion Deal

    03/12/2016 8:45:08 PM PST · by Steelfish · 16 replies
    LA Times ^ | March 12, 2016
    Chinese Insurer Acquiring Santa Monica Resort, Hotel del Coronado In $6.5-Billion Deal The Loews Santa Monica Beach and the historic Hotel del Coronado near San Diego are being acquired by a Chinese insurance company as part of a $6.5-billion deal. Blackstone Group, a New York private equity firm, has agreed to sell its Strategic Hotels & Resorts Inc., which owns 16 luxury properties, to Anbang Insurance Group, a person familiar with the transaction said Saturday The portfolio, according to Strategic's website, includes the Santa Monica hotel and the famed Coronado hotel, as well as two other Southern California properties --...
  • More Americans bid pricey Silicon Valley goodbye

    03/14/2016 11:48:03 AM PDT · by artichokegrower · 35 replies
    San Francisco Chronicle ^ | March 14, 2016 | Mike Moffitt
    Are the cons of living in the Silicon Valley starting to outweigh the pros? A new report based mainly on 2014 data has found that more Americans are leaving the tech hub than are arriving. Silicon Valley saw more than 7,500 U.S. residents move away in 2014, the first time since 2011 that the area has recorded a domestic net loss, according to the study by the Silicon Valley Competitiveness and Innovation Project (SVCIP). But a steady influx of foreign-born workers made up for the deficit, ensuring that the tech worker pool kept growing over the period.
  • Chronicle: Donald Trump Is Changing Politics in Silicon Valley

    03/07/2016 4:10:36 PM PST · by Hojczyk · 28 replies
    Breitbart California ^ | March 7,2016 | by ADELLE NAZARIA
    “There is a deeper and deeper concern that he could actually be elected president,” Chris Kelly, an early top executive at Facebook and Clinton supporter, told the Chronicle. However, a number of leading tech executives in communication with Breitbart News have quietly conveyed their admiration for Trump and his campaign, particularly his ability to use social media rather than traditional ad buys. Furthermore, Trump’s intention to end the H-1B visa program, on which many tech companies rely as an inexpensive alternative to paying American workers higher wages, has rubbed some in Silicon Valley the wrong way. Trump has said that...
  • China lays out its vision to become a tech power

    03/06/2016 1:38:49 AM PST · by blueplum · 5 replies
    Reuters ^ | 05 Mar 2016 12:33am EST | Paul Carsten / Ryan Woo
    China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020. In its new draft five-year development plan unveiled on Saturday, Beijing also said it aims to use the internet to bolster a slowing economy and make the country a cyber power. China aims to boost its R&D spending to 2.5 percent of gross domestic product for the five-year period, compared with 2.1 percent of GDP in 2011-to-2015. Innovation is the primary driving...
  • Obama Wants $4 billion to Subsidize Silicon Valley Driverless Cars

    01/16/2016 6:03:57 PM PST · by Rockitz · 40 replies
    Breitbart.com ^ | 16 Jan 2016 | Chriss W. Street
    In the Obama Administration’s latest welfare for Silicon Valley billionaires, the President intends to ask Congress for $4 billion in federal subsidies and nationalization of transportation safety regulations in an effort to speed the deployment of driverless cars. US Transportation Secretary Anthony Foxx, surrounded by about a dozen auto and Silicon Valley tech leaders, announced at the North American International Auto Show in Detroit that the U.S. Department of Transportation Agency intends to remove “potential roadblocks to the integration of innovative, transformational automotive technology that can significantly improve safety, mobility, and sustainability.” These code words mean driverless regulatory design is...
  • California's Problem Is There's No Plan B: The economy is heavily dependent on Silicon Valley

    12/17/2015 7:49:58 AM PST · by SeekAndFind · 14 replies
    RCM ^ | 12/16/2015 | Carson Bruno
    On the macro level, California is finally coming out of the Great Recession, but on a micro level, this recovery is precariously balanced on the shoulders of one region. If something were to happen to the Silicon Valley-Bay Area region, the Golden State currently has no Plan B. This isn't meant as a critique of the other regions of California, but rather a critique of how Sacramento has largely been blinded by the macro-level data to the detriment of exploring ways to spur growth in a more diversified manner. Just like anywhere in the world, there are many potentially serious...
  • Silicon Valley acid trip? Taking small doses of LSD ("microdosing") becoming popular in Bay Area

    11/29/2015 4:08:13 PM PST · by SeekAndFind · 43 replies
    American Thinker ^ | 11/29/2015 | Carol Brown
    Taking small doses of LSD ("microdosing") is said to be becoming popular in the Bay area of California. People working in competitive high tech settings are using it to increase creativity and productivity. Breitbart reports: One tech startup worker from San Francisco who spoke anonymously to Rolling Stone said he takes "microdoses" in his free time and sometimes at the office. A microdose is described as approximately 10 micrograms of LSD or 0.2-0.5 grams of mushrooms. "Microdosing has helped me come up with some new designs to explore and new ways of thinking," the anonymous tech worker RS refers to...
  • The future of the automobile is being reshaped in California

    11/19/2015 6:51:57 AM PST · by SeekAndFind · 15 replies
    Los Angeles Times ^ | 11/19/2015 | Jerry Hirsch
    Within walking distance of Tesla Motors' Palo Alto headquarters and across the street from Hewlett-Packard, Ford Motor Co. has set up a new Silicon Valley outpost. With a team of 100 reporting to a former Apple engineer, the Detroit giant is researching how humans experience machines, running autonomous-vehicle driving simulations and testing software that examines how bicycles and cars interact. "For 100 years, automobiles have been a mechanical engineering industry," said the center's director, Dragos Maciuca, who on his morning commute drives past a nearby research center of German automotive electronics and parts supplier Bosch. "Now, there is the shift...
  • Hollywood and Silicon Valley: Rekindling a Failed Romance?

    11/18/2015 11:04:09 AM PST · by giant sable
    Forbes.com ^ | November 17, 2015 | Michael S. Malone
    A decade ago, the big story was the emerging partnership between Hollywood and Silicon Valley. No one has talked that way now in a long time. What happened?
  • Defining Diversity in Silicon Valley and on Wall Street

    11/06/2015 5:59:25 AM PST · by reaganaut1 · 14 replies
    New York Times ^ | November 4, 2015 | PAUL SULLIVAN
    Jana Rich, an executive recruiter who specializes in consumer technology companies, estimates that 80 percent of the searches she has done over the last 18 months in Silicon Valley, San Francisco and New York have been for candidates lumped under the rubric of "diversity." "I meant the broadest definition -- if the person is not a straight white male," Ms. Rich said. "A gay, white woman would be considered diverse. A gay, white man also factors into our characteristic of diversity." But then in the technology industry, the definitions get blurred. "A straight Indian male with an engineering degree from...
  • When pensions implode: Silicon Valley’s lesson for New York

    10/12/2015 7:23:00 AM PDT · by SeekAndFind · 36 replies
    New York Post ^ | 10/12/2015 | By Lawrence McQuillan
    San Jose, in the heart of Silicon Valley, is home to eBay, PayPal and Cisco. Yet despite its enormous wealth, a San Jose house right across from a fire station burned down in 2013 because the station lacked fire trucks. This year, police staffing is down in San Jose. Its roads are pocked with potholes. And again, fire engines are mothballed. How is all this possible? The answer is that nearly 25 percent of San Jose’s budget pays for generous pensions — called “defined-benefit” plans — that guarantee retired city workers as much as 90 percent of their former salaries...
  • IT’S OVER: The 'unicorn' era comes to a screeching halt in Silicon Valley

    10/09/2015 7:46:16 AM PDT · by SeekAndFind · 4 replies
    Business Insider ^ | 10/09/2015 | Maya Kosoff
    The number of private tech companies valued at $1 billion or more has surged so much this year that on average 1.3 so-called unicorn companies have been created every week in 2015, according to data from CB Insights. But now it looks like winter is coming to Silicon Valley. Fortune's Dan Primack went to San Francisco this week and met with a number of people involved with unicorn companies with ballooning valuations. He says the mentality of people in Silicon Valley is starting to change, and people are getting scared. "As in the past, they are nearly unanimous in sentiment,"...
  • Excited Fans, Protesters Greet Indian PM Narendra Modi at Facebook Q&A With Mark Zuckerberg

    09/27/2015 11:10:40 AM PDT · by nickcarraway
    NBC Bay Area ^ | 9/27 | Riya Bhattacharjee
    Tight security, Bolllywood beats and protests set the scene for Indian Prime Minister Narrendra Modi's visit to the Facebook headquarters in Menlo Park Sunday. Modi, who received a rockstar welcome by the Indian community when he landed in Silicon Valley Saturday is in California to meet with tech leaders to talk about his vision for a digital India. An avid social media user, he has more than 14 million followers on Twitter and urged people to send him questions for the town hall on Facebook. "We received more than 40,000 comments for this town gall, that's pretty incredible," Zuckerberg said...
  • The Complex 'Military-Style' Raid on California Power Station Spooks U.S.

    12/28/2013 2:15:07 PM PST · by Daralundy · 78 replies
    Financial Post ^ | December 13, 2013 | Shane Harris
    When U.S. officials warn about "attacks" on electric power facilities these days, the first thing that comes to mind is probably a computer hacker trying to shut the lights off in a city with malware. But a more traditional attack on a power station in California has U.S. officials puzzled and worried about the physical security of the the electrical grid--from attackers who come in with guns blazing. Around 1:00 AM on April 16, at least one individual (possibly two) entered two different manholes at the PG&E Metcalf power substation, southeast of San Jose, and cut fiber cables in the...
  • Jesse Jackson Calls On Tech's 'Unicorns' To Join Apple, Google And Release Diversity Reports

    09/09/2015 9:15:45 AM PDT · by MeshugeMikey · 41 replies
    ibtimes.com ^ | SEPTEMBER 8, 2015 | Salvador Rodriguez
    SAN FRANCISCO -- The herd of $1 billion-plus startups -- the so-called "unicorns" -- is growing. But the workforces at these oversized startups are raising a question now familiar to Silicon Valley: do these mythical creatures only come white and male? A year ago, Rev. Jesse Jackson drew attention to Silicon Valley’s lack of diversity and spurred Google, Facebook, Twitter, Yahoo and many others to start issuing “diversity reports” to hold themselves accountable. But now he has a new target: the unicorns, which are delaying their IPOs and, in a sense, public scrutiny, as they look to establish markets around...
  • Upstarts Raid Giants for Talent in Silicon Valley: The Expensive Tech Recruitment Battle

    08/19/2015 5:03:11 AM PDT · by SeekAndFind · 7 replies
    New York Times ^ | 08/19/2015 | Mike Isaac
    For the last year, Google’s work force has increasingly been under attack from a herd of unicorns. The unicorns, a class of hot start-ups valued at $1 billion or more, are all aggressively pursuing the best and brightest minds in Silicon Valley with promises of talked-about workplaces and eye-popping payouts. Amid a general scramble for talent, Google, the Internet search company, has undergone specific raids from unicorns for engineers who specialize in crucial technologies like mapping. In particular, Uber — the largest unicorn, with a valuation of more than $50 billion — has plundered Google’s mapping unit over the last...
  • Donald Trump calls out hypocrisy of Silicon Valley on immigration and 'diversity'

    08/18/2015 7:18:55 AM PDT · by SeekAndFind · 26 replies
    American Thinker ^ | 08/18/2015 | NewsMachete
    While I question his authenticity, there is no question that Donald Trump is doing a great service to Republicans by taking on topics that were formerly untouchable.  The most prominent, of course, is illegal immigration, but now Trump has taken on the Silicon Valley moguls who are pushing for more legal immigration, which displaces American workers. Facebook's Mark Zuckerberg has funded an organization called "Fwd," which is reminiscent of MSNBC's unintentionally homoerotic "lean forward" motto.   Zuckerberg started a public interest group called Fwd.us to push for immigration and lobbying reform along with Microsoft founder Bill Gates and Yahoo CEO Marissa...
  • Why This Tech Bubble is Worse Than the Tech Bubble of 2000 (Mark Cuban)

    08/12/2015 10:31:01 AM PDT · by BlackAdderess · 23 replies
    Blog Maverick: The Mark Cuban Weblog ^ | March 4, 2015 | Mark Cuban
    (snip) If we thought it was stupid to invest in public internet websites that had no chance of succeeding back then, it’s worse today. In a bubble there is always someone with a “great” idea pitching an investor the dream of a billion dollar payout with a comparison to an existing success story. In the tech bubble it was Broadcast.com, AOL, Netscape, etc. Today its, Uber, Twitter, Facebook, etc. To the investor, its the hope of a huge payout. But there is one critical difference. Back then the companies the general public was investing in were public companies. They may...
  • Silicon Shakedown: Black Caucus Flies to Silicon Valley

    08/05/2015 9:02:03 AM PDT · by Hojczyk · 25 replies
    Gateway Pundit ^ | August 5, 2015 | Jim Hoft
    Black Caucus representatives flew to Silicon Valley this week to coerce tech companies to hire more unqualified black candidates. The caucus members see the lack of diversity at the tech giants as a racial move and not one of competence. Blacks may be underrepresented but not Asians. Though they make up less than 6 percent of the overall workforce, Asians account for a whopping 17 percent of all tech-sector workers and a far higher percentage of engineers. The Sacramento Bee reported: When the world’s leading technology firms reported their workforce demographics, the details were uncomfortable, but not surprising: Apple, Google,...
  • Psychic Capital: Tech and Silicon Valley Turn to Mystics for Advice

    07/19/2015 1:36:23 PM PDT · by nickcarraway · 8 replies
    SF Weekly ^ | Wednesday, Jul 15 2015 | Jeremy Lybarger
    The names of the tech workers in this story have been changed.Ten thousand miles from Silicon Valley, in a room near the Black Sea, Yegor Karpenchekov dreams of money. At night, while the rest of Odessa sleeps and cocaine smugglers drift in and out of the port under cover of darkness, Yegor logs onto FaceTime and talks to a 70-year-old woman in San Francisco. Her name is Sally Faubion, and five months ago she recruited Yegor from the freelancer marketplace UpWork to code her apps. She believes "divine intervention" brought them together; for Yegor, it was likely $20 per hour...
  • INSIDE OBAMA'S STEALTH STARTUP

    06/15/2015 8:31:52 PM PDT · by Republican Wildcat · 17 replies
    Fast Company ^ | 6/15/2015 | JON GERTNER
    President Obama has quietly recruited top tech talent from the likes of Google and Facebook. Their mission: to reboot how government works. BY JON GERTNER For Eric Maland, the whole thing goes back to that San Francisco wedding. Mikey wasn’t there—well, wait, actually, Mikey was there. But Eric didn’t meet him at that point. Eric met some other folks at the wedding who told him they were doing some fix-it stuff in Washington, and it sounded kind of interesting. ADVERTISEMENT And now we’re chatting about it in front of the White House security gate, where we’re waiting to talk with...
  • Tech employees are fleeing Silicon Valley with their riches and making other cities more expensive

    06/16/2015 10:45:14 AM PDT · by SeekAndFind · 18 replies
    Business Insider ^ | 06/16/2015 | Madeline Stone
    A recent study by real-estate brokerage Redfin showed that more people are looking to move out of the Bay Area than ever before. Redfin CEO Glenn Kelman said that tech workers and their high salaries could be responsible for making Silicon Valley unaffordable. A new Redfin study demonstrates a correlation between rising home prices and hiring by big tech companies.They found that, as Amazon, Apple, Facebook, and Google have ramped up their hiring in various cities in the past year, the cost of homes in those cities has also gone up. "For every 1% increase in technology workers, there’s a...
  • The CEO of This $2 Billion Startup Is Hosting a Big Hillary Fundraiser

    06/04/2015 10:42:24 AM PDT · by Oldeconomybuyer · 10 replies
    TIME ^ | June 4, 2015 | by Laura Lorenzetti
    Box CEO Aaron Levie has thrown his support behind presidential candidate Hillary Clinton as the 2016 race kicks into gear. Levie, the 30-year-old founder of the recently-public company, has agreed to host a fundraiser for the Democratic frontrunner. Levie, who was busy building his “cloud” data storage business back in 2008 the last time Clinton ran, told Reuters that this year’s election is a big one for the tech sector. The stakes are high given that issues such as improving the patent system, securing visas, and protecting privacy rights directly affect his business and others in and around Silicon Valley....
  • Study: Silicon Valley Is No Longer America’s Startup Capital

    06/04/2015 10:32:15 AM PDT · by SeekAndFind · 8 replies
    The Federalist ^ | 06/04/2015 | Sean Davis
    Move over, Silicon Valley. America has a new startup capital, according to a non-profit organization that studies startup trends throughout the U.S. So which city is currently home to the most startup activity in the U.S.?That honor goes to Austin, Texas. The rankings were compiled as part of the Kauffman Index, an in-depth measure of startup activity issued each year by the Ewing Marion Kauffman Foundation.Silicon Valley, which was #1 last year, fell all the way to #3 in the 2015 rankings. Miami now finds itself in the #2 spot in the Kauffman Index: The rate of new entrepreneurs,...
  • America's Unwanted Ivy Leaguers Are Flocking to India

    06/02/2015 8:44:10 PM PDT · by posterchild · 16 replies
    bloomberg via finance.yahoo.com ^ | June 2, 2015 | Dina Bass
  • Silicon Valley’s Eating Up Super Ritalin. I Got the Best of It.

    05/27/2015 7:02:03 AM PDT · by PROCON · 43 replies
    thedailybeast.com ^ | May 27, 2015 | Dan McCarthy
    Nootropics, the new staple ‘brain enhancers’ in Silicon Valley that purport to increase productivity and perception, exist in an unregulated legal gray area in the U.S. In Colombia, you can pick up even the shadiest kinds over the counter. I did just that. In the months before a recent trip to Colombia, off to visit an expat friend living there, I had been hearing about nootropics. Or “smart drugs,” as they’re referred to. Brain enhancers. Mental magic. Depending on which site you’ve read that’s proclaimed them the new “It” drug for bio-hackers of every stripe, all roads lead to the...
  • California drought: Silicon Valley faces sweeping water cuts

    05/19/2015 4:36:51 PM PDT · by Oldeconomybuyer · 15 replies
    San Francisco Chronicle ^ | May 19, 2015 | By Kurtis Alexander
    Nearly 1 million Silicon Valley residents will face strict water quotas — and pricey surcharges for going over — under what will soon be the Bay Area’s most far-reaching rationing plan in four years of drought. For most customers, who live in single-family homes and townhomes, the limit will be 70 percent of what the average household used in the same period in 2013, meaning an average 30 percent cutback. The move comes as the state hands down mandatory reductions for California’s 400 biggest water agencies in response to Gov. Jerry Brown’s emergency drought declaration. The rationing plan will not...
  • Presidential Candidate Rand Paul Opens "Tech Hub" in SF, Talks About "Disrupting Democracy"

    05/09/2015 11:06:30 PM PDT · by nickcarraway · 9 replies
    NBC Bay Area ^ | 5/9 | Riya Bhattacharjee
    Republican Presidential candidate Sen. Rand Paul was in San Francisco Saturday to speak about "Disrupting Democracy" in an attempt to woo Millenials and the Silicon Valley crowd. Paul took questions about net neutrality, NSA surveillance and Millennial voters during the discussion, formally titled "Disrupting Democracy: A New Generation of Voter Engagement." The event was co-hosted by Lincoln Labs, a Libertarian-leaning "technology and policy think tank" and Brigade, billionaire Sean Parker's civic engagement startup. Brigade's CEO Matt Mahan also joined the conversation along with the San Francisco Chronicle's political reporter Carla Marinucci. "Some people might be thinking what the hell is...
  • Silicon Valley Then and Now: To Invent the Future, You Must Understand the Past

    05/03/2015 6:00:06 PM PDT · by 2ndDivisionVet · 10 replies
    BackChannel ^ | May 1, 2015 | Leslie Berlin
    “You can’t really understand what is going on now without understanding what came before.” Steve Jobs is explaining why, as a young man, he spent so much time with the Silicon Valley entrepreneurs a generation older, men like Robert Noyce, Andy Grove, and Regis McKenna. It’s a beautiful Saturday morning in May, 2003, and I’m sitting next to Jobs on his living room sofa, interviewing him for a book I’m writing. I ask him to tell me more about why he wanted, as he put it, “to smell that second wonderful era of the valley, the semiconductor companies leading into...
  • Protesters Say "Block The Tech Commute" Was A Bust

    05/02/2015 6:11:30 AM PDT · by Mellonkronos · 14 replies
    Vocativ ^ | May 1, 2015 | James King
    [Ha, ha! These Luddites don't like it that people who make money rather than spending their lives complaining move into their neighborhoods. I bet rent control has kept new housing low in this part of California, so the leftists probably created the problem they complain about!] Protesters Say "Block The Tech Commute" Was A Bust By James King A May Day protest intended to shut down the shuttle system that transports employees for tech companies like Facebook, Apple and Google from the Bay Area to their offices in Silicon Valley was a bit of a flop, according to several accounts...
  • Dept of Homeland Security is opening a Silicon Valley office

    04/22/2015 5:47:01 AM PDT · by Zakeet · 3 replies
    engadget ^ | April 21, 2015 | Andrew Tarantola
    Security Secretary Jeh Johnson has announced that the Department of Homeland Security will soon open a satellite office in the heart of Silicon Valley. The new location will serve a dual purpose: to solidifying the DHS's relationships with area tech firms, which have been rather strained over the past few years, and as a means of recruiting. "We want to strengthen critical relationships in Silicon Valley and ensure that the government and the private sector benefit from each other's research and development," Johnson told reporters during the RSA Conference on Tuesday. "And we want to convince some of the talented...
  • New wave of Islamic immigration planned for U.S. (Some call it open invitation for jihadists)

    03/22/2015 6:53:18 PM PDT · by Perseverando · 17 replies
    WND ^ | March 22, 2015 | Leo Hohmann
    The number of students graduating with STEM degrees already far exceeds the number of STEM jobs available but powerful interests in the business community are pushing Congress to allow more foreign skilled workers into the country. Congress is considering new immigration laws that would flood the U.S. with “guest workers” from the Middle East and Asia, a plan some are calling an open invitation for jihadists to walk right through America’s front door. Critics say lawmakers – including top Republican leaders – are playing with fire and could jeopardize national security with the proposals to double or even triple...
  • Judge OKs punitive damages in California gender bias case

    03/21/2015 7:26:35 PM PDT · by PROCON · 24 replies
    apnews.myway.com ^ | March 21, 2015 | LISA LEFF
    SAN FRANCISCO (AP) — A California trial judge ruled Saturday that a woman suing a Silicon Valley venture capital firm in a high-profile gender bias case may seek punitive damages that could add tens of millions of dollars to the $16 million in lost wages and bonuses she is pursuing. San Francisco Superior Court Judge Harold Kahn denied a request by lawyers for Kleiner Perkins Caufield & Byers to have Ellen Pao's demand for unspecified punitive damages thrown out. Pao, the interim CEO of the news and social networking site Reddit, claims she was passed over for a promotion at...
  • Why Silicon Valley is the new revolving door for Obama staffers

    02/27/2015 1:44:56 PM PST · by Macoozie · 4 replies
    Washington Post ^ | 02/27/2015 | By Cecilia Kang and Juliet Eilperin
    "Now, near the end of his administration, the extent of Obama’s commitment to Silicon Valley has become clear. And nowhere is that more evident than net neutrality, an issue where the president pressured the government to pass regulations with major implications for how consumers experience the Internet."
  • Obama calls on Silicon Valley to help thwart cyber attacks

    02/13/2015 3:43:00 PM PST · by Olog-hai · 13 replies
    Associated Press ^ | Feb 13, 2015 6:32 PM EST | Darlene Superville and Martha Mendoza
    Cyberspace is the new “Wild West,” President Barack Obama said Friday, with everyone looking to the government to be the sheriff. But he told the private sector it must do more to stop cyber attacks aimed at the U.S. every day. “Everybody is online, and everybody is vulnerable,” Obama said during a White House cybersecurity summit at Stanford University, just miles from Google, Facebook, Intel and other internet giants. “The business leaders here want their privacy and their children protected, just like the consumer and privacy advocates here want America to keep leading the world in technology and be safe...
  • Quinn: It's time for a Tech Senator (California, Boxer is retiring)

    01/11/2015 5:54:01 PM PST · by 2ndDivisionVet · 37 replies
    The Santa Cruz Sentinel ^ | January 11, 2015 | Michelle Quinn
    The California technology industry has a rare opportunity: An open U.S. Senate seat from the Golden State. Could Silicon Valley put up one of its own? It's a potentially powerful idea. A tech-savvy leader replacing Sen. Barbara Boxer, who announced this week she would not seek re-election in 2016, could use the Senate as a bully pulpit to promote how Silicon Valley innovation can improve people's lives. And with a "Tech Senator," Silicon Valley, which has struggled to gain a footing in national politics, could finally achieve the influence it sees itself deserving. The Senate seat "presents an opportunity to...
  • Why the Tech Elite Is Getting Behind Universal Basic Income

    01/06/2015 8:25:57 PM PST · by 2ndDivisionVet · 70 replies
    Vice Magazine ^ | January 6, 2015 | Nathan Schneider
    As if Silicon Valley hasn't given us enough already, it may have to start giving us all money. The first indication I got of this came one evening last summer, when I sat in on a meet-up of virtual-currency enthusiasts at a hackerspace a few miles from the Googleplex, in Mountain View, California. After one speaker enumerated the security problems of a promising successor to Bitcoin, the economics blogger Steve Randy Waldman got up to speak about "engineering economic security." Somewhere in his prefatory remarks he noted that he is an advocate of universal basic income—the idea that everyone should...
  • Google Glass future clouded as some early believers lose faith

    11/15/2014 2:19:02 PM PST · by Red in Blue PA · 36 replies
    (Reuters) - After two years of popping up at high-profile events sporting Google Glass, the gadget that transforms eyeglasses into spy-movie worthy technology, Google co-founder Sergey Brin sauntered bare-faced into a Silicon Valley red-carpet event on Sunday. He'd left his pair in the car, Brin told a reporter. The Googler, who heads up the top-secret lab which developed Glass, has hardly given up on the product -- he recently wore his pair to the beach.
  • Silicon Valley Company Caught Paying Foreign Workers $1.21/Hr After $200M Quarter

    10/25/2014 8:14:02 AM PDT · by Hoodat · 47 replies
    Breitbart ^ | 24 Oct 2014 | Tony Lee
    A Silicon Valley tech company that reportedly made $200 million last quarter was importing foreign workers from India and paying them $1.21 an hour. According to the Labor Department, "about eight employees of Fremont-based Electronics For Imaging [EFI] were flown in from India and worked 120-hour weeks to help with the installation of computers at the company's headquarters." NBC Bay Area noted that "the employees were paid their regular hourly wage in Indian rupees, which translated to $1.21." EFI claimed it "unintentionally overlooked laws that require even foreign employees to be paid based on local US standards." The company reportedly...