Salon.com > Intel

Why can’t America unite on the economy?

Thu, 18 Apr 2013 13:57:00 +0000

We come together as Americans when confronting common disasters and common threats, such as occurred in Boston on Monday, but we continue to split apart economically.

Anyone who wants to understand the dis-uniting of America needs to see how dramatically we’re segregating geographically by income and wealth. Today I’m giving a Town Hall talk in Fresno, in the center of California’s Central Valley, where the official unemployment rate is 15.4 percent and median family earns under $40,000. The so-called “recovery” is barely in evidence.

As the crow flies Fresno is not that far from California’s high-tech enclaves of Google, Intel, Facebook, and Apple, or from the entertainment capital of Hollywood, but they might as well be different worlds.

Being wealthy in modern America means you don’t come across anyone who isn’t, and being poor and lower-middle class means you’re surrounded by others who are just as hard up. Upward mobility — the old notion that anyone can make it with enough guts and gumption — is less of a reality.

The Mad Men of Silicon Valley

Tue, 05 Feb 2013 17:32:00 +0000

"We're not that big on history," says veteran technology journalist Michael Malone near the close of "Silicon Valley," a documentary premiering tonight on PBS as part of the "American Experience" series. "We don't look back very much."

It's an odd thing to hear. If you have even a passing interest in the history of computing, you've likely run across some portion of the tale told in "Silicon Valley." How the "Traitorous Eight," a group of brilliant scientists frustrated by the erratic behavior of their boss, Nobel prize–winning physicist William Shockley, defected to start their own company and launch the silicon chip revolution is the foundation stone of Valley myth-making. Every book -- and there have been many -- that strives to recount the story of how the computer chip changed the world, or how Silicon Valley's venture capital-funded start-up culture, with all its love of risk and innovation, broke the old way of doing business in America returns, over and over again, to the brave young physicists and chemists who abandoned their corporate cocoon in 1957 and kicked off the future.

World on the verge of a nervous breakdown

Fri, 30 Dec 2011 18:00:00 +0000

For those looking for signs of how globalization has woven the world into a web of unexpected vulnerability, 2011 offered a bumper crop.

An earthquake in Japan sent the global auto manufacturing industry into a conniption.

A flood in Thailand drastically reduced supplies of computer hard drives, forcing even a titan like Intel to swiftly reduce revenue forecasts.

State-subsidized solar panel production in China crushed a U.S.-subsidized solar start-up, thereby igniting a Washington political scandal.

It is child's play to find further examples. The underlying reality is that unexpected consequences make everyone nervous. Sensibilities are on hair trigger. Just two weeks ago, the New York Times captured the new jitteriness in a single quote. In a story reporting how U.S. stock traders were increasingly setting their alarm clocks for the middle of the night, in order to absorb the latest news from Europe as soon as it started to break, one stock analyst, Michael Mayo, complains in a tone of bemused wonder: “Who would have thought we would have to be looking at Italian sovereign debt yields to figure out what Morgan Stanley’s stock will do?”