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Businesses The Almighty Buck Technology

Why the Occupy Movement Skipped Silicon Valley 328

An anonymous reader writes "Eric Schmidt says what we all suspected: Silicon Valley has largely been immune to the Great Recession. He said, 'Occupy Wall Street isn’t really something that comes up in daily discussion, because their issues are not our daily reality. We live in a bubble, and I don’t mean a tech bubble or a valuation bubble. I mean a bubble as in our own little world.... Companies can’t hire people fast enough. Young people can work hard and make a fortune. Homes hold their value.'"
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Why the Occupy Movement Skipped Silicon Valley

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  • Re:Valued by Results (Score:5, Informative)

    by DeadlyBattleRobot ( 130509 ) on Saturday December 24, 2011 @11:05AM (#38481844)

    This is a quote out of
    http://www.commondreams.org/view/2011/11/25-7 [commondreams.org]

    The mainstream media was declaring continually "OWS has no message". Frustrated, I simply asked them. I began soliciting online "What is it you want?" answers from Occupy. In the first 15 minutes, I received 100 answers. These were truly eye-opening.

            The No 1 agenda item: get the money out of politics. Most often cited was legislation to blunt the effect of the Citizens United ruling, which lets boundless sums enter the campaign process. No 2: reform the banking system to prevent fraud and manipulation, with the most frequent item being to restore the Glass-Steagall Act â" the Depression-era law, done away with by President Clinton, that separates investment banks from commercial banks. This law would correct the conditions for the recent crisis, as investment banks could not take risks for profit that create kale derivatives out of thin air, and wipe out the commercial and savings banks.

            No 3 was the most clarifying: draft laws against the little-known loophole that currently allows members of Congress to pass legislation affecting Delaware-based corporations in which they themselves are investors.

            When I saw this list â" and especially the last agenda item â" the scales fell from my eyes. Of course, these unarmed people would be having the shit kicked out of them.

  • Re:Simple answer... (Score:4, Informative)

    by MtViewGuy ( 197597 ) on Saturday December 24, 2011 @12:11PM (#38482246)

    The same applies for the Seattle, WA metroplex: Amazon.com, Boeing, Microsoft and Starbucks are doing quite well financially, and as such the unemployment rate in the Seattle area is not that bad.

    Indeed, I see the following areas booming over the next decade:

    San Francisco Bay Area
    Seattle, WA metroplex
    Minneapolis-St. Paul metroplex
    Dallas-Fort Worth metroplex
    Austin, TX
    The "Research Triangle" of Raleigh, Durham and Chapel Hill, NC

    These areas are on the cutting edge of technology, biotechnology and increasingly "green" technology research.

  • Comment removed (Score:4, Informative)

    by account_deleted ( 4530225 ) on Saturday December 24, 2011 @01:00PM (#38482704)
    Comment removed based on user account deletion

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