Word: siliconing
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...build a real community in a fake environment? "The benefits that accrue when you create these live/work clusters are pretty well proven. You can think of Silicon Valley as an example," says Dunleavy, who expects most buyers will be film industry employees, though the units would be available to anyone. Media reports set the project's cost at around $400 million, a figure Pinewood doesn't dispute but won't confirm. So another possible benefit could be to recoup costs by selling properties that almost certainly won't go cheaply. Moreover, the land in question - which Pinewood owns - is located...
...economy. Boxer hails from California, which has already passed the strongest state legislation on climate change, cutting carbon emissions to 1990 levels by 2020. Far from hurting the state economically, Boxer notes, the carbon bill has helped California become the center for green innovation in the U.S., with Silicon Valley venture capitalists pouring billions into alternative energy start-ups. Those businesses will create new, green jobs that should make up for the short-term costs of cutting carbon. "The cure for global warming is positive," says Boxer. "That makes it easy for me to approach it with hope...
...acquire enough licenses to break into the wireless game and force the telecom companies to break old habits. Sure Google has the cash, but do they really want to get in the labor-intensive business of broadband networks? Already, startup Frontline Wireless, a venture supported by a group of Silicon Valley investors, has gone belly up, unable to secure funding for its intended bid on the discounted public-private D block of the 700 MHz spectrum that will share airwaves with public-safety responders. "I don't expect that the auction will result in a major new market entrant," says...
...place a competitive advantage. But what people sometimes forget is that in New York, culture isn't just a lure to bring in the real producers of wealth. It's a giant moneymaking enterprise in itself, one of the biggest employers in the city. What software is to Silicon Valley, what vineyards are to Bordeaux, the arts are to New York: a mighty generator, even if not the largest one, of commerce...
...fastest way to start a fistfight among environmentalists is to bring up the topic of biofuels - plant-based liquid fuels like ethanol that could potentially take the place of petroleum. Biofuel revolutionaries - like Silicon Valley venture capitalist Vinod Khosla - see plant power as a way to break America's dependence on foreign oil, and produce auto fuel that doesn't kill the climate. Opponents dismiss biofuels - most of which are currently distilled from crops like corn and sugar cane - as a blind alley, one that drives up food prices without saving the earth...