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...policymakers, the real meaning of becoming a strong economy lies beyond getting citizens to spend more and expanding the service industry. The next Chinese miracle, at root, will mean becoming a first-rate technological power. China's road ahead was on display earlier this month in Shanghai, when a San Francisco - based company called the Cleantech Group hosted a venture-capital forum aimed at driving investment dollars toward alternative-energy entrepreneurs on the mainland. Opportunities appear to be plentiful, despite the dim economic environment. Forum attendee Patrick Tam, CEO of Beijing Tsing Capital, says he is investing heavily in Chinese...
...little scared, because I didn’t think I was going to get [the fellowship],” Smith said. “I already had my plans—I’m going to work at Google, I’m going to live in San Francisco. Now I have to figure it all out again.”But Smith nevertheless said she accepted the fellowship with excitement.“This is the only opportunity in my life where I could just get up and leave the country and figure things...
...People who bank with us aren't going to bank with us because we're the highest rate on the street, but if we're too much under the market, at some point they'll leave," says Steve Andrews, president and CEO of the Bank of Alameda. The San Francisco Bay Area bank has been forced to keep rates artificially high, Andrews says, as one flailing competitor after another - IndyMac, Washington Mutual, Downey Savings & Loan - has pushed up rates in an attempt to attract deposits and stave off insolvency. "It's frustrating riding into work and hearing about [deposit rates...
...San Jose Mercury News broke the story last week, and Bloomberg subsequently confirmed, that Wal-Mart employees were prepping for the iPhone invasion in a number of stores throughout California. The newspaper also quoted a Wal-Mart department manager in Milpitas, California, as saying that her store would be getting a $99, 4-gigabyte model. That's half the cost and capacity of the cheapest model currently in Apple's line-up. (See the Top 10 iPhone applications...
...friend can infect you with a good mood. “Happiness not only spreads from person to person but also from person to person to person,” said political scientist James H. Fowler ’92, a professor at the University of California, San Diego and one of the paper’s authors. The study suggests that the happiest people are those at the center of a social network, Fowler said, comparing this contagion of emotions to catching a sexually transmitted infection. “For example, in a network of sexual partners...