Trouble Finally Spreads To Silicon Valley: What Happens Now?

Silicon Valley has spent much of 2008 watching other cities and sectors experience wrenching pain. Comparatively, we just weren’t feeling it here. And for a place that went through such a brutal economic reckoning eight years ago, that was almost mo

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Iceland for sale — collect in person

Iceland is for sale — on ebay.
It has great scenery and wildlife but the financial situation is in need of repair and a buyer must collect in person.
Bidding started at 99 pence but had reached 10 million pounds ($17.28 million) by mid-morning on Friday.
Globally renowned singer Bjork was “not included” in the sale, according to […]

The Hidden Risk in Telecom Infrastructure

Still believe the myth that technology isn’t subject to rocky credit markets? In this segment, Paul Kedrosky highlights a new fear for tech investors: Telecom equipment stocks. Big projects like 3G wireless roll outs in China are subsid

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Just Walk Away

Citigroup investors welcomed news the bank had abandoned its brief but acrimonious battle with Wells Fargo over Wachovia Corp, driving its shares up 15 percent in after-hours trade. 
When Citi announced last week that it was buying Wachovia’s banking operations, investors sent Citi’s shares higher, hoping the purchase would allow the bank to raise much-needed capital […]

It’s a Tech Craze: Twitter CEO on Following Elections, Your Stocks, ‘Your Personal Newswire’

Are you following me on Twitter?For those of you out of the loop, Twitter is a free service that let’s you keep touch with friends and acquintances via your mobile device, IM or the Web — all in real-time. From celebrity spotting to spreading the word ab

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Treasury Finally Sees Light: A New-and-Improved Bailout Plan

From ClusterStock.com, October 8, 2008: The Treasury finally seems to have seen the light on its crappy trash-asset bailout plan and may now actually inject capital into banks instead. This is a far better idea, one that we and others have been shouting d

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Twitter Users Sound Off to CEO Jack Dorsey

Twitter thrives on community interaction, and in that spirit I put out a call to my followers to provide questions for the company’s CEO, Jack Dorsey, whom I sat down with to discuss the microblogging phenomenon.Among the questions prov

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Twitter Users Sound Off to CEO Jack Dorsey

Twitter thrives on community interaction, and in that spirit I put out a call to my followers to provide questions for the company’s CEO, Jack Dorsey, whom I sat down with to discuss the microblogging phenomenon.Among the questions prov

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