Silicon Valley

The Anecdotal "Buyback" Effect

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I spend entirely too much time listening to experts in business, government, and academia explain the economy in general and the property market in particular. Looking back, very few people who are purported to know how the economy works, based on empirical evidence, have successfully predicted the wild spikes and crashes over the years.  read more »

The New Face of Autocracy

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A former Facebook employee hailed by the media as a whistleblower testified this week on Capitol Hill about the social media giant's algorithm, and how it harms children and democracy.  read more »

Company Headquarters Leaving California in Unprecedented Numbers

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For the first six months of 2021, the number of companies relocating their headquarters out of California is running at twice the rate of recent years and is showing no signs of slowing, according to a study issued today by Spectrum Location Solutions and the Hoover Institution.

The research provides the most detailed and comprehensive data on relocations of California business headquarters from 2018 to the first half of 2021, documenting that departures during the first half of this year are double the rate for each of the three previous years.  read more »

Fully Oligarchic Luxury Socialism

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What happens in California matters well beyond its borders. The Golden State’s cultural and technological influence on America, and the world, now could provide the nation’s next political template.  read more »

America's Overdue to Unfriend Mark Zuckerberg

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Many have understandably applauded Facebook’s decision to ban former President Donald Trump from the site for the next two years, but the ability of a company to decide who should be in the public square, which the social network has effectively become, raises troubling questions about  read more »

Winners and Losers: The Global Economy After COVID

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The COVID-19 pandemic has transformed the world economy in ways that will be debated by pundits and future historians for decades to come. Yet, as hard as it is to predict a disrupted future accurately, the pandemic (not to mention its probable successors) looks likely to produce clear economic winners and losers.  read more »

Demographic Implosion in the San Francisco Bay Area?

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As the San Francisco Bay Area (combined statistical area, or CSA, as defined by the Office of Management and Budget) has sprawled into the San Joaquin Valley, all population growth has been in the three Valley metros for two years (Map above). This article describes population trends over the last 10 years in the CSA, which includes the six tidewater (adjacent to the ocean or the Bay) metropolitan areas, traditionally thought of as the Bay Area, including core San Francisco and San Jose as well as Santa Rosa, Napa, Vallejo and Santa Cruz.  read more »

Can California Stop Big Tech from Decamping to Cheaper Places?

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For the past half-century, California has dominated America’s tech industry. From the development of precision farming to the incubation of aircraft, space, semiconductors and computer systems, this state has emerged time and again at the cutting edge of future industries.  read more »

SIlicon Valley is Moving to Texas

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On December 1st, Hewlett-Packard–which has been headquartered in Silicon Valley since 1939–announced that its corporate headquarters would move to Houston.  read more »