A wave of job losses has started to spread across California's Silicon Valley as the trademark optimism of the region's technology start-ups has turned to pessimism amid the financial market rout. Full Story »
Posted by Kaizar Campwala
This piece effectively captures the financial crisis' impact on a key economic sector that has been a leading center for innovation and growth in the US economy. Cutbacks at this level can have a lasting impact by reining in risk-taking and new product development.
This seems a more substantial indicator of concern than an abrupt drop in retail sales. When the entrepreneurial sector pulls back, potential new directions are likely to be delayed or lost.
This report on the impact of the economic downturn on Silicon Valley lacks any great insight and compelling narrative. What makes the Valley different? What is the interplay of Wall Street collapse and decline in the tech industry?
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