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...entire mess flows not only from a deregulation plan that did not live up to the word deregulation but also from California's failure to complete a single large power plant over the past 10 years, even as Silicon Valley boomed and the state economy expanded 34%. "This is virtually a crisis by design," says Yergin. "At the heart of the problem in California is the lack of new construction...

Author: /time Magazine | Title: The New Energy Crunch | 1/29/2001 | See Source »

...poster child for the frustrations that power companies face is the proposed 600-megawatt Coyote Valley generator that Calpine Corp. wants to build in San Jose, in the heart of Silicon Valley. The facility would light 600,000 homes in a region that experienced blackouts last week, but the San Jose City Council vetoed the project in November, even though groups ranging from the Sierra Club to the N.A.A.C.P. supported it. But the plant faced opposition from Cisco Systems, the leading producer of high-speed fiber-optic networks, which happens to be San Jose's largest employer. Cisco argued that...

Author: /time Magazine | Title: The New Energy Crunch | 1/29/2001 | See Source »

...company in 1938 in a rented garage with $538. The firm's initial inventions: an automatic urinal flusher and a harmonica tuner. Its first success was selling sound-testing devices to Disney in 1939. HP entered the consumer market in 1972 with pocket calculators. Its growth and capital launched Silicon Valley, but Hewlett seemed prouder of HP's management style, stressing creativity and teamwork. Billionaires Hewlett and Packard rejoined the company in 1990, when they saw it had become unprofitable and stagnant--not the "HP Way." They turned the firm around while competitors remained...

Author: /time Magazine | Title: Milestones Jan. 22, 2001 | 1/22/2001 | See Source »

...town on the move makes India's fifth-largest city the ideal locale for a subcontinental pub crawl. Once a small protectorate of the Mysore Raj, Bangalore is now the fastest-growing metropolis in India. The meteoric rise of the city's I.T. industry earned it the moniker the Silicon Valley of Asia. Lifetime residents, however, know it as the Garden City, where lush forests and endless blossoms of golden and pink acacias dot with shimmering color even the grimiest roads...

Author: /time Magazine | Title: Sample the Suds in Bangalore | 1/21/2001 | See Source »

...from serviceable - a raft of new power plants is going up across America, and California won't be far behind. And the Bush years will surely be friendly ones to the gas/oil/power business. A boost in supply, a few more of those refrigerator-sized fuel-cell doohickies in some Silicon Valley basements, and heck, in a few years the crunch is a memory...

Author: /time Magazine | Title: In California, the Tunnel at the End of the Light | 1/17/2001 | See Source »

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