Word: silicones
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...Bush the proposal to require that stock options be treated as a business expense, like other forms of compensation, he held forth at length on why it was a bad idea. Many of his corporate campaign contributors would agree, since expensing options would initially cause earnings to appear lower. Silicon Valley companies, in particular, are pushing hard against it, arguing that start-ups would not be able to attract talent...
...research money poured into its sprawling laboratories in Boston and a dizzying number of scientific breakthroughs continue to pour out. Now, University President Lawrence H. Summers wants to capitalize on those breakthroughs by calling in the capitalists and using Harvard’s scientific might to foster a new Silicon Valley for the life sciences. The revolution in microchips will be followed by one in genes and proteins, Summers argues, and Harvard needs to be at the forefront...
...technology and biotechnology is that the pace of discovery—and eventual profitability—is much slower than with easy-to-manufacture microchips. Products such as drugs take decades to pass through strict government reviews. Europeans refuse to eat genetically engineered food. Biotechnology is less of a Silicon Valley-style gold rush than a minefield where only the truly exceptional companies can turn a profit before they burn through all their capital...
...find expressions and cures to diseases, it is surely a major role for collaborations, closely defined, closely regulated; to be sure, collaborations with the private sector.” Summers has yet to clearly say what definitions and regulations he’s talking about, or how the Silicon Valley model applies to the vastly different world of life sciences. But as the public’s confidence in corporations continues to fall with the Dow, the dream of Biotech Valley, Boston seems more and more like a project Harvard should leave...
...nuclear power." Because it has been promoting wind energy since the 1970s, tiny Denmark has become the world leader in production of wind technology. Last year Danish companies controlled more than 50% of the worldwide market for wind-energy technology. "Our overall goal is to make Denmark into the Silicon Valley of wind turbines," says Peter Hjuler Jensen, head of the wind program at the Ris? National Laboratory outside Copenhagen. Denmark is not the only European country to have bet heavily on the breeze. Germany now has the world's largest installed base of wind turbines, totaling 8,734 megawatts...