Word: techs
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...That's the harsh new reality for most Web 2.0 and other tech start-ups who've been chasing audiences without regard to the immediate bottom line. Gone is the old mantra - get to a million users, then worry about how you'll monetize. We're back to a nuclear winter, a season that tends to arrive in the bread basket of innovation every four years or so. But this time, the pundits say, expect a long, cold winter that could last five years...
...This is the kind of climate that favors established leaders, who have got not only the capital to survive the long haul, but also real, revenue-generating business models in place. Look for a blood bath as big tech companies try to consolidate their positions in the coming months. Apple is rumored to be launching an $800 laptop, moving into a lower price range that makes it even more competitive with PC makers such as HP and Dell. In online retail, Amazon would love to put a stake in the heart of eBay this holiday season...
...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 of the same, was the confidence boost everyone needed...
...half of them replacing engineers who first joined the company in nuclear energy's early boom years, in the '60s and '70s. The rest are enjoying nuclear's newfound popularity. The jobs range from about $55,000 for college grads to more than $100,000 for experienced engineers. Even tech workers with associate degrees can crack $80,000. That goes a long way in an area where a comfy three-bedroom house can be had for $150,000 or less...
...Coit has been producing portraits for the Minority Portrait Project since 2004, and looks to complete another 25 before he’s done. Coit, who studied math and computer science at Harvard, initially intended to pursue a career in tech-based venture capital but gave up halfway through the Internet bubble to become a painter. “I just really wanted to paint,” he says...