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...Last week, the Big Fear gripped Silicon Valley big time. The always-optimistic entrepreneurs who thrive out here came down with a major case of the Pessimism Flu. The contagion was traced to a special meeting called by Sequoia Capital - the blue-chip venture firm - whose brains and money are behind just about any start-up of consequence. The message the VCs gave their young start-ups? Get profitable...
...time for investors to celebrate, right? On Monday the Dow Jones industrial average ended up a stunning 936 points, the biggest one-day point gain in history - all the more remarkable considering the index of blue-chip stocks had just come off its worst weekly loss on record. The S&P 500, a broader measure of the stock market, saw its largest one-day percentage gain since 1939, and the tech-heavy NASDAQ jumped 12%. Seems a gaggle of European countries rolling out billions of dollars to guarantee loans and recapitalize banks, and indications that the U.S. might do some...
...Night of Stars” on Friday night clearly aimed to make good on this dream, and the resulting evening was a somewhat disproportionate amalgam with occasional bursts of fireworks.The program opener was Jorma Elo’s “In on Blue,” a sort of “Midsummer Night’s Dream” set in water, evoking a fairy underworld and land of mer-people. Elo, a Finnish choreographer and the acclaimed “successor” to William Forsythe, evidently takes transition to the modern very seriously: the ballet featured...
...statement to his co-workers, Moskovitz wrote that his experience at Facebook will stay with him even after he departs. “Facebook has been my passion and my purpose for the past 5 years,” he wrote. “I will always bleed Facebook blue.” Zuckerberg had similarly fond words for his former partner. “Dustin has always had Facebook’s best interests at heart and will always be someone I turn to for advice,” he said...
...point he said that the Waffen S.S., the unit implicated in some of the worst crimes of the Holocaust, was "part of the Wehrmacht (German Army) and thus deserves all the honor and respect of the army in public life." In interviews, including with TIME, the blue-eyed lawyer adamantly denied any sympathy with Hitler's ideas and said that his comments had been taken out of context. But critics suspected him of consciously courting an older generation of ex- Nazis in Austria...