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"content": "\u003cp>\u003cstrong>By Sally Schilling, \u003ca href=\"http://richmondconfidential.org/2013/09/19/city-county-settle-chevron-tax-disputes/\" target=\"_blank\">Richmond Confidential\u003c/a>\u003c/strong>\u003c/p>\n\u003cp>Richmond and Contra Costa County have decided to wipe the slate clean with Chevron after nine years of ongoing property tax disputes involving millions of dollars in revenue.\u003c/p>\n\u003cfigure id=\"attachment_112027\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-112027\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/chevron-300x184.jpg\" alt=\"chevron\" width=\"300\" height=\"184\">\u003cfigcaption class=\"wp-caption-text\">Chevron's Richmond refinery. (Rachel Waldholz)\u003c/figcaption>\u003c/figure>\n\u003cp>The Board of Supervisors voted unanimously Tuesday to adopt a settlement regarding the county assessor’s property valuations of the Richmond refinery for the years 2004 to 2012. Chevron agreed to dismiss all of its appeals of the assessed property values of its refinery for these years.\u003c/p>\n\u003cp>The City of Richmond also approved the settlement during its closed session on Tuesday.\u003c/p>\n\u003cp>The settlement means that the county and city will no longer be at risk of having to pay more tax refunds to Chevron for those years, Councilman Jael Myrick said.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>“Chevron was trying to get back from the city a pretty substantial refund,” Myrick said. “This takes that off the table.” \u003c!--more-->\u003c/p>\n\u003cp>The Assessment Appeals Board found Chevron was owed $17 million in refunds for the years 2004 to 2006 and that Chevron owed the county $25 million for the years 2007 to 2009, according to a county staff report. Under the agreement no more money needs to change hands.\u003c/p>\n\u003cp>“There is now certainty with regard to tax payments for the years in question,” Supervisor John Gioia said.\u003c/p>\n\u003cp>The settlement includes an agreement that the taxable value of the refinery for the year 2012 will be reduced from its original valuation of $3.87 billion to $3.28 billion. Chevron is entitled to $8 million in overpaid taxes for 2012, but the parties agreed to halt all county refunds to Chevron for previous years.\u003c/p>\n\u003cp>Dismissing all pending tax litigation means the county and its beneficiaries are preserving another $7.2 million in property taxes that the county received as a result of previous decisions by the Assessment Appeals Board (AAB).\u003c/p>\n\u003cp>“It puts to rest a longstanding dispute that put at risk the funding for essential local government services,” Gioia said.\u003c/p>\n\u003cp>Chevron refinery general manager Kory Judd agreed.\u003c/p>\n\u003cp>The corporation “is pleased to have resolved the tax issues with the Contra Costa County Assessor’s Office to ensure that we are able to preserve funding for essential services and the County’s public schools,” Judd said in a Chevron press release. “We are focused on moving forward and continuing to partner with the community to build a strong economic future for the County and the City of Richmond.”\u003c/p>\n\u003cp>Gioia said, “If Chevron has a dispute for a future year, it is required to go to mediation first.” In any future dispute mediation is mandated as a first step under the agreement.\u003c/p>\n\u003cp>Requiring mediation does not necessarily mean there will not be future appeals by Chevron, the supervisor said. It is not uncommon for any of the four refineries in the county to appeal property valuations, Gioia added.\u003c/p>\n\u003cp>“It depends upon what approach Chevron takes going forward,” he said. “If the spirit of the agreement continues, that could decrease the likelihood of appeals.”\u003c/p>\n\u003cp>Chevron officials said the agreement would improve the overall climate between the company and the local governments.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>“[Chevron, U.S.A.] believes the settlement discussions have fostered a better relationship with the County Assessor and will help bring the assessed value for the Richmond Refinery in line with other refineries in the Bay Area and the United States,” the Chevron press release stated.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cstrong>By Sally Schilling, \u003ca href=\"http://richmondconfidential.org/2013/09/19/city-county-settle-chevron-tax-disputes/\" target=\"_blank\">Richmond Confidential\u003c/a>\u003c/strong>\u003c/p>\n\u003cp>Richmond and Contra Costa County have decided to wipe the slate clean with Chevron after nine years of ongoing property tax disputes involving millions of dollars in revenue.\u003c/p>\n\u003cfigure id=\"attachment_112027\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-112027\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/chevron-300x184.jpg\" alt=\"chevron\" width=\"300\" height=\"184\">\u003cfigcaption class=\"wp-caption-text\">Chevron's Richmond refinery. (Rachel Waldholz)\u003c/figcaption>\u003c/figure>\n\u003cp>The Board of Supervisors voted unanimously Tuesday to adopt a settlement regarding the county assessor’s property valuations of the Richmond refinery for the years 2004 to 2012. Chevron agreed to dismiss all of its appeals of the assessed property values of its refinery for these years.\u003c/p>\n\u003cp>The City of Richmond also approved the settlement during its closed session on Tuesday.\u003c/p>\n\u003cp>The settlement means that the county and city will no longer be at risk of having to pay more tax refunds to Chevron for those years, Councilman Jael Myrick said.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>“Chevron was trying to get back from the city a pretty substantial refund,” Myrick said. “This takes that off the table.” \u003c!--more-->\u003c/p>\n\u003cp>The Assessment Appeals Board found Chevron was owed $17 million in refunds for the years 2004 to 2006 and that Chevron owed the county $25 million for the years 2007 to 2009, according to a county staff report. Under the agreement no more money needs to change hands.\u003c/p>\n\u003cp>“There is now certainty with regard to tax payments for the years in question,” Supervisor John Gioia said.\u003c/p>\n\u003cp>The settlement includes an agreement that the taxable value of the refinery for the year 2012 will be reduced from its original valuation of $3.87 billion to $3.28 billion. Chevron is entitled to $8 million in overpaid taxes for 2012, but the parties agreed to halt all county refunds to Chevron for previous years.\u003c/p>\n\u003cp>Dismissing all pending tax litigation means the county and its beneficiaries are preserving another $7.2 million in property taxes that the county received as a result of previous decisions by the Assessment Appeals Board (AAB).\u003c/p>\n\u003cp>“It puts to rest a longstanding dispute that put at risk the funding for essential local government services,” Gioia said.\u003c/p>\n\u003cp>Chevron refinery general manager Kory Judd agreed.\u003c/p>\n\u003cp>The corporation “is pleased to have resolved the tax issues with the Contra Costa County Assessor’s Office to ensure that we are able to preserve funding for essential services and the County’s public schools,” Judd said in a Chevron press release. “We are focused on moving forward and continuing to partner with the community to build a strong economic future for the County and the City of Richmond.”\u003c/p>\n\u003cp>Gioia said, “If Chevron has a dispute for a future year, it is required to go to mediation first.” In any future dispute mediation is mandated as a first step under the agreement.\u003c/p>\n\u003cp>Requiring mediation does not necessarily mean there will not be future appeals by Chevron, the supervisor said. It is not uncommon for any of the four refineries in the county to appeal property valuations, Gioia added.\u003c/p>\n\u003cp>“It depends upon what approach Chevron takes going forward,” he said. “If the spirit of the agreement continues, that could decrease the likelihood of appeals.”\u003c/p>\n\u003cp>Chevron officials said the agreement would improve the overall climate between the company and the local governments.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>“[Chevron, U.S.A.] believes the settlement discussions have fostered a better relationship with the County Assessor and will help bring the assessed value for the Richmond Refinery in line with other refineries in the Bay Area and the United States,” the Chevron press release stated.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Startups Consider Crowdfunding to Raise Investment Capital",
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"content": "\u003cp>It is the mother's milk of Silicon Valley startups – money, often from investors, to get going and keep growing. And next week new federal regulations will give startups and investors more ways to find each other.\u003c/p>\n\u003cp>Previously, the Securities and Exchange Commission banned companies from advertising publicly to potential investors on TV, radio, in print or at seminars.\u003c/p>\n\u003cfigure id=\"attachment_111854\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-111854 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/business-startup-640-300x168.jpg\" alt=\"business-startup-640\" width=\"300\" height=\"168\">\u003cfigcaption class=\"wp-caption-text\">Getty Images\u003c/figcaption>\u003c/figure>\n\u003cp>Now, the SEC is lifting that ban. The change was part of the \u003cstrong>\u003ca href=\"http://www.gpo.gov/fdsys/pkg/BILLS-112hr3606enr/pdf/BILLS-112hr3606enr.pdf\">JOBS Act \u003c/a>\u003c/strong>(Jumpstart Our Business Startups), which Congress passed last year.\u003c/p>\n\u003cp>This means companies could, for example, use crowdfunding websites to put their ideas to the world. And investors could use those sites to find the next big thing.\u003c/p>\n\u003cp>KQED's Joshua Johnson recently spoke with Mike Norman, a co-founder of \u003ca href=\"https://wefunder.com/\">Wefunder\u003c/a>, a crowdfunding website for equity investment. The company is based in San Francisco and Boston.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Here's an edited transcript:\u003c/p>\n\u003cp>\u003cstrong>Joshua Johnson\u003c/strong>: Wefunder was one of the companies that lobbied really hard for the SEC to update these rules. These changes came about in the JOBS Act, which passed last year. What's your take on how that change worked out? Did you get what you wanted, or is there more to do?\u003cbr>\n\u003c!--more-->\u003cbr>\n\u003cstrong>Mike Norman\u003c/strong>: What will change next week is really the first part of the changes implemented by the JOBS Act. We will get the ability to have startups advertise and generally solicit for investments. The part that gets us equally excited will happen next year where everyone will be able to invest in startups. So right now, the drop on the ban on general solicitation allows startups to advertise their fundraising opportunities, but you still only invest if you are an accredited investor, which means you either have $200,000 in income or you have a net worth of more than $1 million.\u003c/p>\n\u003cp>\u003cstrong>Johnson\u003c/strong>: Why should we trust the crowd to drive investment? Crowds are often wrong, groupthink can be a very dangerous thing. Isn't there some value in the struggle to get capital that forces startups to really play their A-game?\u003c/p>\n\u003cp>\u003cstrong>Norman\u003c/strong>: I think there's a lot of value to that, and on Wefunder we actually require that a startup already have raised money from one investor offline and set the terms. Then you'll be able to put your company up on Wefunder and broadcast it out to the universe of investors that could be really passionate and interested in what you're building, to help them follow on in the terms that have been established offline. So, I do think there's value in that initial conversation with an investor that has more experience to decide exactly what the price and the terms of the investment should be.\u003c/p>\n\u003cp>\u003cstrong>Johnson\u003c/strong>: How big of a market do you think there is for this type of investing?\u003c/p>\n\u003cp>\u003cstrong>Norman\u003c/strong>: This is a huge market. If you think about the way investing works right now you have to have a very broad personal network of individuals that make enough money and are connected to the startup scene to go out and raise capital. The vast majority of people that meet those wealth restrictions are not directly connected to startup communities. They do not live in Silicon Valley or in New York or in Boston. They're spread out around the country. And they're really interested in investing in companies, they just have no way to find out about opportunities to do so.\u003c/p>\n\u003cp>\u003cstrong>Johnson\u003c/strong>: It occurs to me also that sites like Wefunder might help to diversify investors in Silicon Valley. You know as well as I do that a lot of the work being done in Silicon Valley is being done mostly by male investors and entrepreneurs, mostly white investors and entrepreneurs. This might go a way toward a little more diversity.\u003c/p>\n\u003cp>\u003cstrong>Norman\u003c/strong>: That's absolutely right. So many more individuals are going to be able to see these companies and have a chance to invest. Most of the time the conversation around crowd investing revolves around access to capital. The piece that doesn't get spoken about as much is how valuable this can be to companies outside of just the capital. If you're raising from traditional investors in the Valley, they're writing you checks for $50,000 and so on and so forth. Oftentimes they're not really embedded in the industry that you're building your startup to impact. With crowd investing, what you're going to be able to do is broadcast out what it is you're building. Say you're building an enterprise application ... you're able to tell the world about your application, and the fact that you've had some early traction with good investors on board. All of the sudden a hundred executives from different Fortune 500 companies can see what you're building.\u003c/p>\n\u003cp>Now, they might not have the ability to put $50,000 or $100,000 into your deal, but even if they only put in a few thousand dollars, and they're tracking what you're doing, and they really believe in what you're building, now you can possibly have an advocate for yourself in the sales process moving forward. You're just getting so many more individuals involved.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Listen to the entire interview:\u003c/p>\n\u003cdiv>\n\u003cdiv class=\"embedly\">\u003ciframe src=\"https://w.soundcloud.com/player/?url=http%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F111282487&show_artwork=true&maxwidth=900\" frameborder=\"no\" scrolling=\"no\" width=\"640\" height=\"166\">\u003c/iframe>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003cp>\u003cspan class=\"embedly-powered\" style=\"float: right\">\u003ca title=\"Powered by Embedly\" href=\"http://embed.ly?src=anywhere\" target=\"_blank\">\u003cimg src=\"//static.embed.ly/images/logos/embedly-powered-small-light.png\" alt=\"Embedly Powered\">\u003c/a>\u003c/span>\u003c/p>\n\u003cdiv class=\"media-attribution\">\u003cspan>via \u003c/span>\u003ca class=\"media-attribution-link\" href=\"http://soundcloud.com\" target=\"_blank\">SoundCloud\u003c/a>\u003c/div>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003c/div>\n\u003c/div>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>It is the mother's milk of Silicon Valley startups – money, often from investors, to get going and keep growing. And next week new federal regulations will give startups and investors more ways to find each other.\u003c/p>\n\u003cp>Previously, the Securities and Exchange Commission banned companies from advertising publicly to potential investors on TV, radio, in print or at seminars.\u003c/p>\n\u003cfigure id=\"attachment_111854\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-111854 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/business-startup-640-300x168.jpg\" alt=\"business-startup-640\" width=\"300\" height=\"168\">\u003cfigcaption class=\"wp-caption-text\">Getty Images\u003c/figcaption>\u003c/figure>\n\u003cp>Now, the SEC is lifting that ban. The change was part of the \u003cstrong>\u003ca href=\"http://www.gpo.gov/fdsys/pkg/BILLS-112hr3606enr/pdf/BILLS-112hr3606enr.pdf\">JOBS Act \u003c/a>\u003c/strong>(Jumpstart Our Business Startups), which Congress passed last year.\u003c/p>\n\u003cp>This means companies could, for example, use crowdfunding websites to put their ideas to the world. And investors could use those sites to find the next big thing.\u003c/p>\n\u003cp>KQED's Joshua Johnson recently spoke with Mike Norman, a co-founder of \u003ca href=\"https://wefunder.com/\">Wefunder\u003c/a>, a crowdfunding website for equity investment. The company is based in San Francisco and Boston.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Here's an edited transcript:\u003c/p>\n\u003cp>\u003cstrong>Joshua Johnson\u003c/strong>: Wefunder was one of the companies that lobbied really hard for the SEC to update these rules. These changes came about in the JOBS Act, which passed last year. What's your take on how that change worked out? Did you get what you wanted, or is there more to do?\u003cbr>\n\u003c!--more-->\u003cbr>\n\u003cstrong>Mike Norman\u003c/strong>: What will change next week is really the first part of the changes implemented by the JOBS Act. We will get the ability to have startups advertise and generally solicit for investments. The part that gets us equally excited will happen next year where everyone will be able to invest in startups. So right now, the drop on the ban on general solicitation allows startups to advertise their fundraising opportunities, but you still only invest if you are an accredited investor, which means you either have $200,000 in income or you have a net worth of more than $1 million.\u003c/p>\n\u003cp>\u003cstrong>Johnson\u003c/strong>: Why should we trust the crowd to drive investment? Crowds are often wrong, groupthink can be a very dangerous thing. Isn't there some value in the struggle to get capital that forces startups to really play their A-game?\u003c/p>\n\u003cp>\u003cstrong>Norman\u003c/strong>: I think there's a lot of value to that, and on Wefunder we actually require that a startup already have raised money from one investor offline and set the terms. Then you'll be able to put your company up on Wefunder and broadcast it out to the universe of investors that could be really passionate and interested in what you're building, to help them follow on in the terms that have been established offline. So, I do think there's value in that initial conversation with an investor that has more experience to decide exactly what the price and the terms of the investment should be.\u003c/p>\n\u003cp>\u003cstrong>Johnson\u003c/strong>: How big of a market do you think there is for this type of investing?\u003c/p>\n\u003cp>\u003cstrong>Norman\u003c/strong>: This is a huge market. If you think about the way investing works right now you have to have a very broad personal network of individuals that make enough money and are connected to the startup scene to go out and raise capital. The vast majority of people that meet those wealth restrictions are not directly connected to startup communities. They do not live in Silicon Valley or in New York or in Boston. They're spread out around the country. And they're really interested in investing in companies, they just have no way to find out about opportunities to do so.\u003c/p>\n\u003cp>\u003cstrong>Johnson\u003c/strong>: It occurs to me also that sites like Wefunder might help to diversify investors in Silicon Valley. You know as well as I do that a lot of the work being done in Silicon Valley is being done mostly by male investors and entrepreneurs, mostly white investors and entrepreneurs. This might go a way toward a little more diversity.\u003c/p>\n\u003cp>\u003cstrong>Norman\u003c/strong>: That's absolutely right. So many more individuals are going to be able to see these companies and have a chance to invest. Most of the time the conversation around crowd investing revolves around access to capital. The piece that doesn't get spoken about as much is how valuable this can be to companies outside of just the capital. If you're raising from traditional investors in the Valley, they're writing you checks for $50,000 and so on and so forth. Oftentimes they're not really embedded in the industry that you're building your startup to impact. With crowd investing, what you're going to be able to do is broadcast out what it is you're building. Say you're building an enterprise application ... you're able to tell the world about your application, and the fact that you've had some early traction with good investors on board. All of the sudden a hundred executives from different Fortune 500 companies can see what you're building.\u003c/p>\n\u003cp>Now, they might not have the ability to put $50,000 or $100,000 into your deal, but even if they only put in a few thousand dollars, and they're tracking what you're doing, and they really believe in what you're building, now you can possibly have an advocate for yourself in the sales process moving forward. You're just getting so many more individuals involved.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Listen to the entire interview:\u003c/p>\n\u003cdiv>\n\u003cdiv class=\"embedly\">\u003ciframe src=\"https://w.soundcloud.com/player/?url=http%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F111282487&show_artwork=true&maxwidth=900\" frameborder=\"no\" scrolling=\"no\" width=\"640\" height=\"166\">\u003c/iframe>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003cp>\u003cspan class=\"embedly-powered\" style=\"float: right\">\u003ca title=\"Powered by Embedly\" href=\"http://embed.ly?src=anywhere\" target=\"_blank\">\u003cimg src=\"//static.embed.ly/images/logos/embedly-powered-small-light.png\" alt=\"Embedly Powered\">\u003c/a>\u003c/span>\u003c/p>\n\u003cdiv class=\"media-attribution\">\u003cspan>via \u003c/span>\u003ca class=\"media-attribution-link\" href=\"http://soundcloud.com\" target=\"_blank\">SoundCloud\u003c/a>\u003c/div>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003c/div>\n\u003c/div>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cfigure id=\"attachment_111522\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/09/17/obituary-eiji-toyoda-toyota-motors/toyoda/\" rel=\"attachment wp-att-111522\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-111522\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/toyoda-300x168.jpg\" alt=\"Toyota President and Chairman Eiji Toyota at the opening of the Toyota company museum in 1989. (Getty Images/AFP)\" width=\"300\" height=\"168\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Toyoda pictured at the opening of the Toyota company museum in 1989. (Getty Images/AFP)\u003c/figcaption>\u003c/figure>\n\u003cp>If you’re of a certain age — a Boomer, for instance — you can imagine a world without Toyota. The cars and trucks you drove came from Detroit companies, mostly, with a smattering of strays and imports born in exotic locations like \u003ca href=\"http://www.reuters.com/article/2009/10/11/fiat-kenosha-timeline-idUSN1112078020091011\" target=\"_blank\" rel=\"noopener\">Kenosha, Wisconsin\u003c/a>, and \u003ca href=\"http://en.wikipedia.org/wiki/Wolfsburg\" target=\"_blank\" rel=\"noopener\">Wolfsburg, West Germany\u003c/a>. But if you came of age a little later — say you passed your driver’s license test in 1980 or later — it’s impossible to imagine a world without Toyota.\u003c/p>\n\u003cp>If you haven’t guessed it from the crowd of Toyotas on highways throughout the Bay Area and California \u003ca href=\"http://www.cncda.org/secure/GetFile.aspx?ID=2583\" target=\"_blank\" rel=\"noopener\">Toyota is No. 1\u003c/a> in car sales in the state. You might not call the Prius, Camry, RAV4, Corolla, Sienna, Matrix, Yaris, Echo or various Lexus nameplates iconic, but they are everywhere.\u003c/p>\n\u003cp>The industrial pioneer who made them ubiquitous, former Toyota President and Chairman Eiji Toyota, died today in Japan. He was 100. He had one more local claim to attention: He was the force behind Toyota’s 1984 decision to partner with General Motors in \u003ca href=\"http://en.wikipedia.org/wiki/NUMMI\" target=\"_blank\" rel=\"noopener\">New United Motor Manufacturing Inc.\u003c/a> in Fremont, a venture meant to revive GM’s moribund assembly plant. It was Toyota’s first manufacturing facility in the United States.\u003c/p>\n\u003cp>A few snippets from some of the Toyoda obituaries published elsewhere today:\u003cbr>\n\u003c!--more-->\u003cbr>\n\u003cstrong>Los Angeles Times:\u003c/strong> \u003ca href=\"http://www.latimes.com/business/autos/la-fi-hy-eiji-toyoda-obit-toyota-20130917,0,7476968.story\" target=\"_blank\" rel=\"noopener\">Eiji Toyoda, car family scion who developed Corolla and Lexus, dies at 100\u003c/a>\u003c/p>\n\u003cblockquote>\u003cp>Born Sept. 12, 1913, in Nagoya City, Toyoda graduated from the University of Tokyo with a degree in mechanical engineering in 1936 and joined Toyoda Automatic Loom Works Ltd. that same year. About a year later he moved to the company’s newly established automotive subsidiary.\u003c/p>\n\u003cp>He quickly became enamored with the process of manufacturing automobiles, diving into factory operations and supervising activities on the shop floor.\u003c/p>\n\u003caside class=\"pullquote alignleft\">“From my childhood, machines and business were always there right in front of me. I probably developed an understanding of both.”\u003c/aside>\n\u003cp>Having grown up at the textile mill built by his father, Heichachi Toyoda, and uncle Sakichi Toyoda, Eiji Toyoda loved machines.\u003c/p>\n\u003cp>“So from my childhood, machines and business were always there right in front of me,” he said in a Time magazine interview in 1999. “I probably developed an understanding of both.”\u003c/p>\n\u003cp>He rose in the executive ranks, becoming a Toyota director by 1945. But that wasn’t much of a promotion because most of the company’s operations had been put on hold by World War II, picking back up again by 1950.\u003c/p>\n\u003cp>That was when Toyoda toured a Ford factory plant in Dearborn, Mich., an experience that was at the root of many of the ideas he employed at Toyota to create the company’s efficient, low-defect manufacturing processes.\u003c/p>\n\u003cp>“We were producing 40 cars a day,” he said in the Time interview. “Ford was making 8,000 units, a 200-times difference. The gap was enormous.”\u003c/p>\n\u003cp>Toyoda, with the advice of production specialist Taiichi Ohno, changed Toyota’s manufacturing approach. They focused on making cars in small batches, receiving just enough parts at the factory to complete a production run efficiently.\u003c/p>\u003c/blockquote>\n\u003cp>\u003cstrong>New York Times:\u003c/strong> \u003ca href=\"http://www.nytimes.com/2013/09/18/business/global/eiji-toyoda-promoter-of-toyota-way-dies-at-100.html#h%5BIhsBtw,2%5D\" target=\"_blank\" rel=\"noopener\">Eiji Toyoda, Promoter of ‘Toyota Way,’ Dies at 100 \u003c/a>\u003c/p>\n\u003cblockquote>\u003cp>In 1950 he set out on what would turn out to be a pivotal three-month tour to survey Ford’s Rouge plant in Detroit, then the largest and most efficient factory in the world. Before the war, the military government prevented Toyota from building passenger cars, compelling it to make trucks for Japan’s war effort instead.\u003c/p>\n\u003cp>By 1950, Toyota had produced just 2,685 automobiles, compared with the 7,000 vehicles the Rouge plant was rolling out in a single day, according to “\u003ca href=\"http://www.amazon.com/Machine-That-Changed-World-Revolutionizing/dp/0743299795\" target=\"_blank\" rel=\"noopener\">The Machine That Changed the World\u003c/a>,” a 1990 study by James P. Womack, Daniel T. Jones and Daniel Roos.\u003c/p>\n\u003cp>Mr. Toyoda was unfazed, writing back to headquarters that he “thought there were some possibilities to improve the production system.” He brought back a thick booklet that outlined some of Ford’s quality-control methods; the company translated it into Japanese, changing “Ford” to “Toyota” in all references.\u003c/p>\n\u003cp>Mr. Toyoda went on to oversee Toyota’s Motomachi plant, a huge undertaking that gave the automaker the capacity to produce 5,000 passenger vehicles a month at a time when all of Japan produced about 7,000 vehicles a month. The plant, completed in 1959, was soon running at full capacity and gave Toyota a decisive lead over its domestic rival Nissan and the confidence to turn its eyes overseas.\u003c/p>\n\u003caside class=\"pullquote alignleft\">“One of the features of the Japanese workers is that they use their brains as well as their hands.”\u003c/aside>\n\u003cp>Even as he aggressively expanded production at Toyota, Mr. Toyoda implemented a manufacturing culture based on concepts like “kaizen,” a commitment to continuous improvements suggested by the workers themselves, and just-in-time production, a tireless effort to eliminate waste. Those ideas became a corporate philosophy known as the “Toyota Way.”\u003c/p>\n\u003cp>“One of the features of the Japanese workers is that they use their brains as well as their hands,” he said in an interview with the author Masaaki Imai for the 1986 book “Kaizen.” “Our workers provide 1.5 million suggestions a year, and 95 percent of them are put to practical use. There is an almost tangible concern for improvement in the air at Toyota.”\u003c/p>\u003c/blockquote>\n\u003cp>\u003cstrong>Wall Street Journal Japan:\u003c/strong> \u003ca href=\"http://blogs.wsj.com/japanrealtime/2013/09/17/eiji-toyoda-japan-auto-industry-visionary-dies-at-100/?KEYWORDS=toyota\" target=\"_blank\" rel=\"noopener\">Eiji Toyoda, Japan Auto Industry Visionary, Dies at 100 \u003c/a>\u003c/p>\n\u003cblockquote>\u003cp>After a failed earlier attempt to crack the U.S. market, Toyota succeeded with its 1968 Corolla model the year after Mr. Toyoda took over as president.\u003c/p>\n\u003cp>To avoid an escalation of trade friction between the U.S. and Japan in the 1980s, he was also responsible for pushing ahead with a plan to launch a joint production venture with General Motors Corp. called New United Motor Manufacturing Inc. in California. It was Toyota’s first production base in the U.S.\u003c/p>\n\u003cp>Among his other noted business decisions was the birth of Lexus, which he set into motion the year before becoming chairman and six years before the first luxury Toyota model debuted to rave reviews in 1989.\u003c/p>\n\u003cp>He stepped down as chairman in 1992 and served as honorary chairman until 1999, when he assumed the ceremonial post of honorary adviser until his death.\u003c/p>\n\u003cp>Among his many honorary titles outside of the company, he was awarded the Grand Cordon of the Order of the Rising Sun in 1990, one of Japan’s highest honors. He was the second Japanese inductee into the Automotive Hall of Fame in 1994 following Honda Motor Co.’s founder Soichiro Honda.\u003c/p>\n\u003cp>A cousin of the auto maker’s founder Kiichiro Toyoda, he helped the elder Toyoda build the company’s first commercial plant on the site of a red pine grove in town of Koromo, later renamed Toyota City.\u003c/p>\n\u003cp>Mr. Toyoda is survived by his three sons – Kanshiro, chairman of Toyota affiliated auto parts maker Aisin Seiki Co., Tetsuro – chairman of another affiliated parts maker Toyota Industries Corp. – and Shuhei, a former head of Toyota’s European operations, who currently serves as president of affiliated parts maker Toyota Boshoku Corp.\u003c/p>\u003c/blockquote>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>[ad floatright]\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_111522\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/09/17/obituary-eiji-toyoda-toyota-motors/toyoda/\" rel=\"attachment wp-att-111522\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-111522\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/toyoda-300x168.jpg\" alt=\"Toyota President and Chairman Eiji Toyota at the opening of the Toyota company museum in 1989. (Getty Images/AFP)\" width=\"300\" height=\"168\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Toyoda pictured at the opening of the Toyota company museum in 1989. (Getty Images/AFP)\u003c/figcaption>\u003c/figure>\n\u003cp>If you’re of a certain age — a Boomer, for instance — you can imagine a world without Toyota. The cars and trucks you drove came from Detroit companies, mostly, with a smattering of strays and imports born in exotic locations like \u003ca href=\"http://www.reuters.com/article/2009/10/11/fiat-kenosha-timeline-idUSN1112078020091011\" target=\"_blank\" rel=\"noopener\">Kenosha, Wisconsin\u003c/a>, and \u003ca href=\"http://en.wikipedia.org/wiki/Wolfsburg\" target=\"_blank\" rel=\"noopener\">Wolfsburg, West Germany\u003c/a>. But if you came of age a little later — say you passed your driver’s license test in 1980 or later — it’s impossible to imagine a world without Toyota.\u003c/p>\n\u003cp>If you haven’t guessed it from the crowd of Toyotas on highways throughout the Bay Area and California \u003ca href=\"http://www.cncda.org/secure/GetFile.aspx?ID=2583\" target=\"_blank\" rel=\"noopener\">Toyota is No. 1\u003c/a> in car sales in the state. You might not call the Prius, Camry, RAV4, Corolla, Sienna, Matrix, Yaris, Echo or various Lexus nameplates iconic, but they are everywhere.\u003c/p>\n\u003cp>The industrial pioneer who made them ubiquitous, former Toyota President and Chairman Eiji Toyota, died today in Japan. He was 100. He had one more local claim to attention: He was the force behind Toyota’s 1984 decision to partner with General Motors in \u003ca href=\"http://en.wikipedia.org/wiki/NUMMI\" target=\"_blank\" rel=\"noopener\">New United Motor Manufacturing Inc.\u003c/a> in Fremont, a venture meant to revive GM’s moribund assembly plant. It was Toyota’s first manufacturing facility in the United States.\u003c/p>\n\u003cp>A few snippets from some of the Toyoda obituaries published elsewhere today:\u003cbr>\n\u003c!--more-->\u003cbr>\n\u003cstrong>Los Angeles Times:\u003c/strong> \u003ca href=\"http://www.latimes.com/business/autos/la-fi-hy-eiji-toyoda-obit-toyota-20130917,0,7476968.story\" target=\"_blank\" rel=\"noopener\">Eiji Toyoda, car family scion who developed Corolla and Lexus, dies at 100\u003c/a>\u003c/p>\n\u003cblockquote>\u003cp>Born Sept. 12, 1913, in Nagoya City, Toyoda graduated from the University of Tokyo with a degree in mechanical engineering in 1936 and joined Toyoda Automatic Loom Works Ltd. that same year. About a year later he moved to the company’s newly established automotive subsidiary.\u003c/p>\n\u003cp>He quickly became enamored with the process of manufacturing automobiles, diving into factory operations and supervising activities on the shop floor.\u003c/p>\n\u003caside class=\"pullquote alignleft\">“From my childhood, machines and business were always there right in front of me. I probably developed an understanding of both.”\u003c/aside>\n\u003cp>Having grown up at the textile mill built by his father, Heichachi Toyoda, and uncle Sakichi Toyoda, Eiji Toyoda loved machines.\u003c/p>\n\u003cp>“So from my childhood, machines and business were always there right in front of me,” he said in a Time magazine interview in 1999. “I probably developed an understanding of both.”\u003c/p>\n\u003cp>He rose in the executive ranks, becoming a Toyota director by 1945. But that wasn’t much of a promotion because most of the company’s operations had been put on hold by World War II, picking back up again by 1950.\u003c/p>\n\u003cp>That was when Toyoda toured a Ford factory plant in Dearborn, Mich., an experience that was at the root of many of the ideas he employed at Toyota to create the company’s efficient, low-defect manufacturing processes.\u003c/p>\n\u003cp>“We were producing 40 cars a day,” he said in the Time interview. “Ford was making 8,000 units, a 200-times difference. The gap was enormous.”\u003c/p>\n\u003cp>Toyoda, with the advice of production specialist Taiichi Ohno, changed Toyota’s manufacturing approach. They focused on making cars in small batches, receiving just enough parts at the factory to complete a production run efficiently.\u003c/p>\u003c/blockquote>\n\u003cp>\u003cstrong>New York Times:\u003c/strong> \u003ca href=\"http://www.nytimes.com/2013/09/18/business/global/eiji-toyoda-promoter-of-toyota-way-dies-at-100.html#h%5BIhsBtw,2%5D\" target=\"_blank\" rel=\"noopener\">Eiji Toyoda, Promoter of ‘Toyota Way,’ Dies at 100 \u003c/a>\u003c/p>\n\u003cblockquote>\u003cp>In 1950 he set out on what would turn out to be a pivotal three-month tour to survey Ford’s Rouge plant in Detroit, then the largest and most efficient factory in the world. Before the war, the military government prevented Toyota from building passenger cars, compelling it to make trucks for Japan’s war effort instead.\u003c/p>\n\u003cp>By 1950, Toyota had produced just 2,685 automobiles, compared with the 7,000 vehicles the Rouge plant was rolling out in a single day, according to “\u003ca href=\"http://www.amazon.com/Machine-That-Changed-World-Revolutionizing/dp/0743299795\" target=\"_blank\" rel=\"noopener\">The Machine That Changed the World\u003c/a>,” a 1990 study by James P. Womack, Daniel T. Jones and Daniel Roos.\u003c/p>\n\u003cp>Mr. Toyoda was unfazed, writing back to headquarters that he “thought there were some possibilities to improve the production system.” He brought back a thick booklet that outlined some of Ford’s quality-control methods; the company translated it into Japanese, changing “Ford” to “Toyota” in all references.\u003c/p>\n\u003cp>Mr. Toyoda went on to oversee Toyota’s Motomachi plant, a huge undertaking that gave the automaker the capacity to produce 5,000 passenger vehicles a month at a time when all of Japan produced about 7,000 vehicles a month. The plant, completed in 1959, was soon running at full capacity and gave Toyota a decisive lead over its domestic rival Nissan and the confidence to turn its eyes overseas.\u003c/p>\n\u003caside class=\"pullquote alignleft\">“One of the features of the Japanese workers is that they use their brains as well as their hands.”\u003c/aside>\n\u003cp>Even as he aggressively expanded production at Toyota, Mr. Toyoda implemented a manufacturing culture based on concepts like “kaizen,” a commitment to continuous improvements suggested by the workers themselves, and just-in-time production, a tireless effort to eliminate waste. Those ideas became a corporate philosophy known as the “Toyota Way.”\u003c/p>\n\u003cp>“One of the features of the Japanese workers is that they use their brains as well as their hands,” he said in an interview with the author Masaaki Imai for the 1986 book “Kaizen.” “Our workers provide 1.5 million suggestions a year, and 95 percent of them are put to practical use. There is an almost tangible concern for improvement in the air at Toyota.”\u003c/p>\u003c/blockquote>\n\u003cp>\u003cstrong>Wall Street Journal Japan:\u003c/strong> \u003ca href=\"http://blogs.wsj.com/japanrealtime/2013/09/17/eiji-toyoda-japan-auto-industry-visionary-dies-at-100/?KEYWORDS=toyota\" target=\"_blank\" rel=\"noopener\">Eiji Toyoda, Japan Auto Industry Visionary, Dies at 100 \u003c/a>\u003c/p>\n\u003cblockquote>\u003cp>After a failed earlier attempt to crack the U.S. market, Toyota succeeded with its 1968 Corolla model the year after Mr. Toyoda took over as president.\u003c/p>\n\u003cp>To avoid an escalation of trade friction between the U.S. and Japan in the 1980s, he was also responsible for pushing ahead with a plan to launch a joint production venture with General Motors Corp. called New United Motor Manufacturing Inc. in California. It was Toyota’s first production base in the U.S.\u003c/p>\n\u003cp>Among his other noted business decisions was the birth of Lexus, which he set into motion the year before becoming chairman and six years before the first luxury Toyota model debuted to rave reviews in 1989.\u003c/p>\n\u003cp>He stepped down as chairman in 1992 and served as honorary chairman until 1999, when he assumed the ceremonial post of honorary adviser until his death.\u003c/p>\n\u003cp>Among his many honorary titles outside of the company, he was awarded the Grand Cordon of the Order of the Rising Sun in 1990, one of Japan’s highest honors. He was the second Japanese inductee into the Automotive Hall of Fame in 1994 following Honda Motor Co.’s founder Soichiro Honda.\u003c/p>\n\u003cp>A cousin of the auto maker’s founder Kiichiro Toyoda, he helped the elder Toyoda build the company’s first commercial plant on the site of a red pine grove in town of Koromo, later renamed Toyota City.\u003c/p>\n\u003cp>Mr. Toyoda is survived by his three sons – Kanshiro, chairman of Toyota affiliated auto parts maker Aisin Seiki Co., Tetsuro – chairman of another affiliated parts maker Toyota Industries Corp. – and Shuhei, a former head of Toyota’s European operations, who currently serves as president of affiliated parts maker Toyota Boshoku Corp.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "We Moved Our Startup from San Francisco to Berkeley – and Lots More Will Follow",
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"content": "\u003cfigure id=\"attachment_111482\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/09/17/why-we-moved-our-startup-from-san-francisco-to-berkeley/rs91_calcampus120626/\" rel=\"attachment wp-att-111482\">\u003cimg class=\"size-full wp-image-111482\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/RS91_CalCampus120626.jpg\" alt=\"The UC Berkeley campus as viewed from the marina area. (Studio H/Flickr)\" width=\"640\" height=\"424\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The UC Berkeley campus as viewed from the marina area. (Studio H/Flickr)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>\u003ca href=\"http://www.berkeleyside.com/2013/09/16/why-we-moved-our-startup-from-san-francisco-to-berkeley-and-why-more-will-follow/\" target=\"_blank\">Commentary first published\u003c/a> Sept. 16, 2013, by Berkeleyside.\u003c/strong>\u003c/p>\n\u003cp>\u003cem>Alex Gourley is the co-founder and CEO of \u003ca href=\"http://www.bitgym.com/\" target=\"_blank\">BitGym\u003c/a>, which transforms an ordinary cardio machine into beautiful trails, inspiring classes, and fun multiplayer fitness activities. (Learn more at www.bitgym.com)\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>By Alex Gourley\u003c/strong>\u003c/p>\n\u003cp>We recently moved our four-person software startup from the Mission District of San Francisco to downtown Berkeley. It’s been a fantastic change and, upon further reflection, I believe there are three main reasons many will follow us.\u003c/p>\n\u003cp>\u003cstrong>Economics\u003c/strong>\u003cbr>\nSoftware startups require less investment capital to start than ever. Thanks to mature open source projects and turnkey cloud services, the time and expertise needed to launch most startups is falling dramatically.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>This means that fewer companies seek capital early in their lifecycle. Founders are more likely to attempt to bootstrap, and, even if they do want to raise capital, the institutional investors demand more pre-funding traction than ever. The path to startup success now begins with frugality.\u003c/p>\n\u003cp>The most significant overhead is the founders’ cost of living. San Francisco already had high rents in 2010 and they’ve gone up an incredible 50 percent in the three years since. In short, San Francisco property values are toxic for early-stage companies, and, as I will address next, the city fails to make up for it in other ways.\u003c/p>\n\u003cp>\u003cstrong>\u003c!--more-->Culture and environment\u003c/strong>\u003cbr>\nSan Francisco is an amazing, diverse city. It is unquestionably cool, and its nightlife and culture are commonly credited to the influx of tech workers and tech startups. But if you look at what startup founders and early employees actually do with their leisure time, it’s mostly cramming into a café while searching for an elusive power outlet, drinking good coffee, drinking good beer, reading a good book, or going on a nice hike. Arguably Berkeley loses on the coffee and the beer, but it’s close, and Berkeley creams San Francisco at the rest. More and more people are looking to flee the city, and their East Bay friends are continuing to ask why they don’t just move already.\u003c/p>\n\u003cp>\u003cstrong>Labor pool\u003c/strong>\u003cbr>\nFinally, San Francisco has a large tech worker labor pool — not just in the city proper, but from transit and highways that bring in workers from all over the Bay Area. However, transit flows both ways. Berkeley has a reasonable commute from the East Bay and most of San Francisco. Thumbing through the most recent labor statistics, I calculate the functional labor pool of software engineers for an office in downtown Berkeley is still two-thirds the size of the labor pool for an office in SoMa. And because of the (relatively) lower housing prices and nerd-friendly amenities, many potential workers would be open to relocating here.\u003c/p>\n\u003cp>If you think you’re going to be the next Twitter, the larger labor pool of San Francisco or the South Bay may actually matter, but that’s a good problem to have, and your early team will be too busy counting stock options to object to an office move.\u003c/p>\n\u003cp>Moving to Berkeley has been one of the best decisions we’ve made here at BitGym, and my discussions with colleagues in the industry inform me that the trend will continue. Sure it will take years, but the conditions are right. Before long, a successful “anchor” company will emerge, creating a hotspot as well as spinning off newly minted millionaires. These folks will finance and found more companies, and the process will repeat. And it’s already begun.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>\u003cbr>\n\u003c/em>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_111482\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/09/17/why-we-moved-our-startup-from-san-francisco-to-berkeley/rs91_calcampus120626/\" rel=\"attachment wp-att-111482\">\u003cimg class=\"size-full wp-image-111482\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/RS91_CalCampus120626.jpg\" alt=\"The UC Berkeley campus as viewed from the marina area. (Studio H/Flickr)\" width=\"640\" height=\"424\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The UC Berkeley campus as viewed from the marina area. (Studio H/Flickr)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>\u003ca href=\"http://www.berkeleyside.com/2013/09/16/why-we-moved-our-startup-from-san-francisco-to-berkeley-and-why-more-will-follow/\" target=\"_blank\">Commentary first published\u003c/a> Sept. 16, 2013, by Berkeleyside.\u003c/strong>\u003c/p>\n\u003cp>\u003cem>Alex Gourley is the co-founder and CEO of \u003ca href=\"http://www.bitgym.com/\" target=\"_blank\">BitGym\u003c/a>, which transforms an ordinary cardio machine into beautiful trails, inspiring classes, and fun multiplayer fitness activities. (Learn more at www.bitgym.com)\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>By Alex Gourley\u003c/strong>\u003c/p>\n\u003cp>We recently moved our four-person software startup from the Mission District of San Francisco to downtown Berkeley. It’s been a fantastic change and, upon further reflection, I believe there are three main reasons many will follow us.\u003c/p>\n\u003cp>\u003cstrong>Economics\u003c/strong>\u003cbr>\nSoftware startups require less investment capital to start than ever. Thanks to mature open source projects and turnkey cloud services, the time and expertise needed to launch most startups is falling dramatically.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>This means that fewer companies seek capital early in their lifecycle. Founders are more likely to attempt to bootstrap, and, even if they do want to raise capital, the institutional investors demand more pre-funding traction than ever. The path to startup success now begins with frugality.\u003c/p>\n\u003cp>The most significant overhead is the founders’ cost of living. San Francisco already had high rents in 2010 and they’ve gone up an incredible 50 percent in the three years since. In short, San Francisco property values are toxic for early-stage companies, and, as I will address next, the city fails to make up for it in other ways.\u003c/p>\n\u003cp>\u003cstrong>\u003c!--more-->Culture and environment\u003c/strong>\u003cbr>\nSan Francisco is an amazing, diverse city. It is unquestionably cool, and its nightlife and culture are commonly credited to the influx of tech workers and tech startups. But if you look at what startup founders and early employees actually do with their leisure time, it’s mostly cramming into a café while searching for an elusive power outlet, drinking good coffee, drinking good beer, reading a good book, or going on a nice hike. Arguably Berkeley loses on the coffee and the beer, but it’s close, and Berkeley creams San Francisco at the rest. More and more people are looking to flee the city, and their East Bay friends are continuing to ask why they don’t just move already.\u003c/p>\n\u003cp>\u003cstrong>Labor pool\u003c/strong>\u003cbr>\nFinally, San Francisco has a large tech worker labor pool — not just in the city proper, but from transit and highways that bring in workers from all over the Bay Area. However, transit flows both ways. Berkeley has a reasonable commute from the East Bay and most of San Francisco. Thumbing through the most recent labor statistics, I calculate the functional labor pool of software engineers for an office in downtown Berkeley is still two-thirds the size of the labor pool for an office in SoMa. And because of the (relatively) lower housing prices and nerd-friendly amenities, many potential workers would be open to relocating here.\u003c/p>\n\u003cp>If you think you’re going to be the next Twitter, the larger labor pool of San Francisco or the South Bay may actually matter, but that’s a good problem to have, and your early team will be too busy counting stock options to object to an office move.\u003c/p>\n\u003cp>Moving to Berkeley has been one of the best decisions we’ve made here at BitGym, and my discussions with colleagues in the industry inform me that the trend will continue. Sure it will take years, but the conditions are right. Before long, a successful “anchor” company will emerge, creating a hotspot as well as spinning off newly minted millionaires. These folks will finance and found more companies, and the process will repeat. And it’s already begun.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>\u003cbr>\n\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Immigration. Prison overcrowding. Hydraulic fracturing. The minimum wage. Those were just \u003cem>some\u003c/em> of the major issues California lawmakers tackled during a frantic week of legislating in Sacramento.\u003c/p>\n\u003cfigure id=\"attachment_111193\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003cimg decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-111193\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/brownwhiffle-300x225.jpg\" alt=\"brownwhiffle\" width=\"300\" height=\"225\">\u003cfigcaption class=\"wp-caption-text\">As legislators passed bills in marathon sessions this week, Gov. Jerry Brown played some whiffle ball. (Governor’s Press Office)\u003c/figcaption>\u003c/figure>\n\u003cp>The 2013 legislative session closed with a bang—more than 400 bills were sent to Gov. Jerry Brown’s desk this week alone.\u003c/p>\n\u003cp>(Maybe that’s why the governor got some \u003ca href=\"https://twitter.com/GovPressOffice/status/378307237430558720/photo/1\">whiffle ball\u003c/a> action in yesterday—he’ll be too busy signing and vetoing bills the rest of the month to play.)\u003c/p>\n\u003cp>Among the high-profile bills sent to Brown: a measure creating \u003ca href=\"http://blogs.sacbee.com/capitolalertlatest/2013/09/california-sends-undocumented-immigrant-license-bill-to-gov-jerry-brown.html\">driver’s licenses \u003c/a>for undocumented immigrants; a bill increasing the\u003ca href=\"http://ww2.kqed.org/news/2013/09/12/californias-minimum-wage/\"> minimum wage\u003c/a> from $8 to $10; \u003ca href=\"http://ww2.kqed.org/news/2013/09/12/what-would-californias-fracking-bill-do/\">legislation regulating fracking\u003c/a>; a bill that would transition the state’s schools to \u003ca href=\"http://ww2.kqed.org/news/2013/09/11/110930/\" target=\"_blank\" rel=\"noopener\">a new system of testing.\u003c/a>\u003cbr>\n\u003c!--more-->\u003c/p>\n\u003cp>Brown’s public endorsements of three of those bills (on driver’s licenses, fracking, and the minimum wage), plus his opposition to a resolution \u003ca href=\"http://ww2.kqed.org/news/2013/09/13/bay-bridge-renamed-for-willie-brown\">renaming the Bay Bridge\u003c/a> for former San Francisco Mayor Willie Brown, illustrated how involved the governor was in wrangling votes this week. (When he wasn’t playing whiffle ball, that is.)\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Much has been made this year of how Democrats would use their huge majorities in both houses of the Legislature. The Senate and Assembly didn’t push through any tax increases this session, but Democrats did pass a slew of bills helping undocumented immigrants.\u003c/p>\n\u003cp>In addition to the driver’s license measure, bills on Brown’s desk would allow undocumented immigrants to \u003ca href=\"http://www.npr.org/2013/09/05/219177457/calif-gov-debates-changing-whos-eligible-for-jury-duty\">serve on juries\u003c/a> and \u003ca href=\"http://blogs.sacbee.com/capitolalertlatest/2013/09/bill-letting-undocumented-immigrants-practice-law-heads-to-governor.html\">practice law\u003c/a>. Another measure \u003ca href=\"http://ww2.kqed.org/news/2013/09/10/california-legislature-passes-trust-act\">prohibits police\u003c/a> from turning undocumented immigrants over to federal authorities unless the immigrants already have a violent felony on their record.\u003c/p>\n\u003cp>The Legislature passed those bills at a time when immigration reform is deadlocked on the federal level. Another area where California is more aggressive than Congress: gun control.\u003c/p>\n\u003cp>President Obama’s efforts to tighten federal firearms laws went nowhere this year, but California lawmakers sent several \u003ca href=\"http://www.latimes.com/local/political/la-me-pc-lawmakers-send-tough-gun-control-bills-to-the-governor-20130912,0,5610828.story\">gun-control bills\u003c/a> to the governor. This during a week when two Colorado state senators were \u003ca href=\"http://abcnews.go.com/Politics/colorado-recall-elections-chill-push-gun-laws/story?id=20227650\">recalled\u003c/a> for voting for gun laws in a state that has experienced two infamous mass shootings.\u003c/p>\n\u003cp>Visit \u003ca href=\"http://blogs.kqed.org/stateofhealth/2013/09/13/midwifery-physical-therapy-pharmacists-bills-move-to-governors-desk-scope-of-practice/\">KQED’s State of Health\u003c/a> blog to learn about some of the health-related bills that advanced to the governor’s desk.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>And here’s more analysis from KQED’s “\u003ca href=\"http://www.kqed.org/tv/programs/thisweek/\">This Week in Northern California.\u003c/a>”\u003cbr>\n\u003ciframe loading=\"lazy\" src=\"//www.youtube.com/embed/V9MoHtBLkPM?start=93\" frameborder=\"0\" width=\"640\" height=\"480\">\u003c/iframe>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Immigration. Prison overcrowding. Hydraulic fracturing. The minimum wage. Those were just \u003cem>some\u003c/em> of the major issues California lawmakers tackled during a frantic week of legislating in Sacramento.\u003c/p>\n\u003cfigure id=\"attachment_111193\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003cimg decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-111193\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/brownwhiffle-300x225.jpg\" alt=\"brownwhiffle\" width=\"300\" height=\"225\">\u003cfigcaption class=\"wp-caption-text\">As legislators passed bills in marathon sessions this week, Gov. Jerry Brown played some whiffle ball. (Governor’s Press Office)\u003c/figcaption>\u003c/figure>\n\u003cp>The 2013 legislative session closed with a bang—more than 400 bills were sent to Gov. Jerry Brown’s desk this week alone.\u003c/p>\n\u003cp>(Maybe that’s why the governor got some \u003ca href=\"https://twitter.com/GovPressOffice/status/378307237430558720/photo/1\">whiffle ball\u003c/a> action in yesterday—he’ll be too busy signing and vetoing bills the rest of the month to play.)\u003c/p>\n\u003cp>Among the high-profile bills sent to Brown: a measure creating \u003ca href=\"http://blogs.sacbee.com/capitolalertlatest/2013/09/california-sends-undocumented-immigrant-license-bill-to-gov-jerry-brown.html\">driver’s licenses \u003c/a>for undocumented immigrants; a bill increasing the\u003ca href=\"http://ww2.kqed.org/news/2013/09/12/californias-minimum-wage/\"> minimum wage\u003c/a> from $8 to $10; \u003ca href=\"http://ww2.kqed.org/news/2013/09/12/what-would-californias-fracking-bill-do/\">legislation regulating fracking\u003c/a>; a bill that would transition the state’s schools to \u003ca href=\"http://ww2.kqed.org/news/2013/09/11/110930/\" target=\"_blank\" rel=\"noopener\">a new system of testing.\u003c/a>\u003cbr>\n\u003c!--more-->\u003c/p>\n\u003cp>Brown’s public endorsements of three of those bills (on driver’s licenses, fracking, and the minimum wage), plus his opposition to a resolution \u003ca href=\"http://ww2.kqed.org/news/2013/09/13/bay-bridge-renamed-for-willie-brown\">renaming the Bay Bridge\u003c/a> for former San Francisco Mayor Willie Brown, illustrated how involved the governor was in wrangling votes this week. (When he wasn’t playing whiffle ball, that is.)\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Much has been made this year of how Democrats would use their huge majorities in both houses of the Legislature. The Senate and Assembly didn’t push through any tax increases this session, but Democrats did pass a slew of bills helping undocumented immigrants.\u003c/p>\n\u003cp>In addition to the driver’s license measure, bills on Brown’s desk would allow undocumented immigrants to \u003ca href=\"http://www.npr.org/2013/09/05/219177457/calif-gov-debates-changing-whos-eligible-for-jury-duty\">serve on juries\u003c/a> and \u003ca href=\"http://blogs.sacbee.com/capitolalertlatest/2013/09/bill-letting-undocumented-immigrants-practice-law-heads-to-governor.html\">practice law\u003c/a>. Another measure \u003ca href=\"http://ww2.kqed.org/news/2013/09/10/california-legislature-passes-trust-act\">prohibits police\u003c/a> from turning undocumented immigrants over to federal authorities unless the immigrants already have a violent felony on their record.\u003c/p>\n\u003cp>The Legislature passed those bills at a time when immigration reform is deadlocked on the federal level. Another area where California is more aggressive than Congress: gun control.\u003c/p>\n\u003cp>President Obama’s efforts to tighten federal firearms laws went nowhere this year, but California lawmakers sent several \u003ca href=\"http://www.latimes.com/local/political/la-me-pc-lawmakers-send-tough-gun-control-bills-to-the-governor-20130912,0,5610828.story\">gun-control bills\u003c/a> to the governor. This during a week when two Colorado state senators were \u003ca href=\"http://abcnews.go.com/Politics/colorado-recall-elections-chill-push-gun-laws/story?id=20227650\">recalled\u003c/a> for voting for gun laws in a state that has experienced two infamous mass shootings.\u003c/p>\n\u003cp>Visit \u003ca href=\"http://blogs.kqed.org/stateofhealth/2013/09/13/midwifery-physical-therapy-pharmacists-bills-move-to-governors-desk-scope-of-practice/\">KQED’s State of Health\u003c/a> blog to learn about some of the health-related bills that advanced to the governor’s desk.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>And here’s more analysis from KQED’s “\u003ca href=\"http://www.kqed.org/tv/programs/thisweek/\">This Week in Northern California.\u003c/a>”\u003cbr>\n\u003ciframe loading=\"lazy\" src=\"//www.youtube.com/embed/V9MoHtBLkPM?start=93\" frameborder=\"0\" width=\"640\" height=\"480\">\u003c/iframe>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>If you feel like you missed out on our latter-day tech IPO extravaganza and your chance to blow money (or make it) on issues like \u003ca href=\"http://finance.yahoo.com/q?s=LNKD&ql=1\" target=\"_blank\" rel=\"noopener\">LinkedIn\u003c/a>, \u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\" target=\"_blank\" rel=\"noopener\">Facebook\u003c/a> or \u003ca href=\"http://finance.yahoo.com/q?s=znga&ql=1\" target=\"_blank\" rel=\"noopener\">Zynga\u003c/a>, take heart. Here’s news of an initial public offering that broke right here in San Francisco:\u003c/p>\n\u003cblockquote class=\"twitter-tweet\">\u003cp>We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.\u003c/p>\n\u003cp>— Twitter (@twitter) \u003ca href=\"https://twitter.com/twitter/statuses/378261932148416512\">September 12, 2013\u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>Yes, Twitter is going public. And this post is not a recommendation that you should consider buying the stock when it comes to market, but don’t be surprised if the IPO excites a Facebook-style frenzy. A couple of tech-world takes on the news:\u003c/p>\n\u003cp>\u003cstrong>\u003ca href=\"http://techcrunch.com/2013/09/12/twitter-is-going-public-files-s-1-with-sec/\" target=\"_blank\" rel=\"noopener\">Alex Wilhelm, TechCrunch\u003c/a>:\u003cbr>\n\u003c/strong>\u003c/p>\n\u003cblockquote>\u003cp>We don’t know much, but expect Twitter to go public at a valuation of between $15 billion and $20 billion, roughly. Its last private money came in at around a $10 billion valuation, and those investors will want a return on their funds. …\u003c/p>\n\u003cp>… Twitter’s public offering has been a very long time in coming, and contains inside of it oodles of institutional pressure: With hundreds of millions of invested capital under its belt, Twitter has a number of investors that want their money back — it has been well managed, sure, but cash has a certain feel to it. The IPO will be a zoo. But it will be fun zoo, and that is all that matters.\u003c/p>\n\u003cp>Now, what are Twitter’s revenue and profit figures? We’ll actually get to know soon. Get excited.\u003c/p>\u003c/blockquote>\n\u003cp>\u003cstrong>\u003ca href=\"http://money.cnn.com/2013/09/12/technology/social/twitter-ipo/?source=cnn_bin\" target=\"_blank\" rel=\"noopener\">David Goldman, CNN Money: \u003c/a>\u003c/strong>\u003c/p>\n\u003cblockquote>\u003cp>The company sent its filing confidentially to the Securities Exchange Commission. Many soon-to-be-public companies have been taking advantage of new regulations passed last year in the JOBS Act, which allows smaller businesses to keep its financial data out of the public’s eye.\u003c/p>\n\u003cp>Twitter has been rumored to be going public for the past few years. After Facebook’s (FB) IPO in May 2012, Twitter was widely believed to be the next major technology company to offer its stock to public investors.\u003cbr>\nTwitter has exploded in usage since its creation in 2006, with hundreds of millions of users.\u003c/p>\u003c/blockquote>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>If you feel like you missed out on our latter-day tech IPO extravaganza and your chance to blow money (or make it) on issues like \u003ca href=\"http://finance.yahoo.com/q?s=LNKD&ql=1\" target=\"_blank\" rel=\"noopener\">LinkedIn\u003c/a>, \u003ca href=\"http://finance.yahoo.com/q?s=fb&ql=1\" target=\"_blank\" rel=\"noopener\">Facebook\u003c/a> or \u003ca href=\"http://finance.yahoo.com/q?s=znga&ql=1\" target=\"_blank\" rel=\"noopener\">Zynga\u003c/a>, take heart. Here’s news of an initial public offering that broke right here in San Francisco:\u003c/p>\n\u003cblockquote class=\"twitter-tweet\">\u003cp>We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.\u003c/p>\n\u003cp>— Twitter (@twitter) \u003ca href=\"https://twitter.com/twitter/statuses/378261932148416512\">September 12, 2013\u003c/a>\u003c/p>\u003c/blockquote>\n\u003cp>Yes, Twitter is going public. And this post is not a recommendation that you should consider buying the stock when it comes to market, but don’t be surprised if the IPO excites a Facebook-style frenzy. A couple of tech-world takes on the news:\u003c/p>\n\u003cp>\u003cstrong>\u003ca href=\"http://techcrunch.com/2013/09/12/twitter-is-going-public-files-s-1-with-sec/\" target=\"_blank\" rel=\"noopener\">Alex Wilhelm, TechCrunch\u003c/a>:\u003cbr>\n\u003c/strong>\u003c/p>\n\u003cblockquote>\u003cp>We don’t know much, but expect Twitter to go public at a valuation of between $15 billion and $20 billion, roughly. Its last private money came in at around a $10 billion valuation, and those investors will want a return on their funds. …\u003c/p>\n\u003cp>… Twitter’s public offering has been a very long time in coming, and contains inside of it oodles of institutional pressure: With hundreds of millions of invested capital under its belt, Twitter has a number of investors that want their money back — it has been well managed, sure, but cash has a certain feel to it. The IPO will be a zoo. But it will be fun zoo, and that is all that matters.\u003c/p>\n\u003cp>Now, what are Twitter’s revenue and profit figures? We’ll actually get to know soon. Get excited.\u003c/p>\u003c/blockquote>\n\u003cp>\u003cstrong>\u003ca href=\"http://money.cnn.com/2013/09/12/technology/social/twitter-ipo/?source=cnn_bin\" target=\"_blank\" rel=\"noopener\">David Goldman, CNN Money: \u003c/a>\u003c/strong>\u003c/p>\n\u003cblockquote>\u003cp>The company sent its filing confidentially to the Securities Exchange Commission. Many soon-to-be-public companies have been taking advantage of new regulations passed last year in the JOBS Act, which allows smaller businesses to keep its financial data out of the public’s eye.\u003c/p>\n\u003cp>Twitter has been rumored to be going public for the past few years. After Facebook’s (FB) IPO in May 2012, Twitter was widely believed to be the next major technology company to offer its stock to public investors.\u003cbr>\nTwitter has exploded in usage since its creation in 2006, with hundreds of millions of users.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cfigure id=\"attachment_110580\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/09/10/110579/rs708_applesamsung20120821-scr/\" rel=\"attachment wp-att-110580\">\u003cimg class=\"size-medium wp-image-110580\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/RS708_applesamsung20120821-scr-300x199.jpg\" alt=\"The Apple iPhone 4. \" width=\"300\" height=\"199\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The Apple iPhone 4.\u003c/figcaption>\u003c/figure>\n\u003cp>Apple will be making An Announcement this morning — yes, it's a capital-letter event — at 10 a.m. PDT/1 p.m. EDT. The consensus among the Apple cognoscenti is that we'll be seeing an updated version of the company's iPhone 5 as well as a down-market (meaning: lower-cost) version of the smartphone.\u003c/p>\n\u003cp>Rumored improvements in the new iPhone include \u003ca href=\"http://www.wired.com/opinion/2013/09/what-if-apples-new-phone-has-fingerprint-authentication/\" target=\"_blank\">fingerprint authentication\u003c/a> and a bigger screen.\u003c/p>\n\u003cp>In the meantime, here's a quick rundown on what some in the global technology press are saying about the company's announcement:\u003c/p>\n\u003cul>\n\u003cli>CNET: \u003ca href=\"http://news.cnet.com/8301-13579_3-57601817-37/what-to-expect-from-apple-at-tuesdays-special-event/\" target=\"_blank\">What to expect from Apple at Tuesday's special event\u003c/a> (includes live blog beginning at 9 a.m. PDT/noon EDT).\u003c/li>\n\u003cli>The New York Times: \u003ca href=\"http://www.nytimes.com/2013/09/10/technology/guarding-a-luxury-aura.html?ref=technology&_r=0\" target=\"_blank\">Luxury Brands Face Hazards When Testing Lower Costs\u003c/a>\u003c/li>\n\u003cli>TechCrunch: \u003ca href=\"http://techcrunch.com/2013/09/10/live-blog-from-apples-iphone-5s-announcement/\" target=\"_blank\">Live from Apple's iPhone 5S announcement \u003c/a>(live blog)\u003c/li>\n\u003cli>Wired: \u003ca href=\"http://www.wired.com/gadgetlab/2013/09/apple-iphone-live-blog/\" target=\"_blank\">It's Apple's Big Day: Get Ready for a Ton of New Stuff\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"http://www.cultofmac.com/244005/what-to-expect-from-apples-september-10-iphone-event/\" target=\"_blank\">Cult of Mac: What to Expect from Apple's September 10 iPhone Event\u003c/a>\u003c/li>\n\u003cli>AllThingsD: \u003ca href=\"http://allthingsd.com/20130910/coming-up-apple-expands-the-iphone-family-at-cupertino-launch/\" target=\"_blank\">Coming Up: Apple Expands the iPhone Family at Cupertino Launch\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>Also: Some irreverent comment on the less expensive iPhone 5:\u003c/p>\n\u003cp>[youtube http://www.youtube.com/watch?v=kAGtk2x4BSQ]\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cfigure id=\"attachment_109250\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/08/30/109236/Tooth-Fairy/2724427384_a03a1a5bc4_z/\" rel=\"attachment wp-att-109250\">\u003cimg class=\"size-full wp-image-109250\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/08/2724427384_a03a1a5bc4_z.jpg\" alt=\"The Tooth Fairy is now leaving an average of $370 per tooth under that pillow. (ragamufyn / Flickr)\" width=\"640\" height=\"345\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The Tooth Fairy is now leaving an average of $3.70 per tooth under that pillow. (ragamufyn/Flickr)\u003c/figcaption>\u003c/figure>\n\u003cp>The Tooth Fairy doesn't deal in loose change anymore.\u003c/p>\n\u003cp>A new survey by Visa Inc. finds that kids nowadays get an average of $3.70 per lost tooth - a whopping 23 percent jump over 2012's rate of $3 a tooth. And that's a 42 percent spike from the $2.60 per tooth given in 2011.\u003c/p>\n\u003cp>Part of the reason for the rise is that parents don't want their kids to be the ones at the playground who received the lowest amount.\u003c/p>\n\u003cp>\"A kid who got a quarter would wonder why their tooth was worth less than the kid who got $5,\" Kit Yarrow, a consumer psychologist and professor at Golden Gate University, \u003ca href=\"http://bigstory.ap.org/article/tooth-fairy-inflation-price-tooth-nears-4-0\">told \u003c/a>the Associated Press.\u003c/p>\n\u003cp>For those parents confused about what to give, Jason Alderman, a senior director of financial education at Visa, suggests asking other parents what they give. That can at least get you in the ballpark of what your kids' friends are getting, he said.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>How much kids get also depends on where they live. Kids in the Northeast get the most, according to the Visa study, at $4.10 per tooth. In the West and South, kids get $3.70 and $3.60 per tooth, respectively. Midwestern kids make do with only $3.30 a tooth.\u003c/p>\n\u003cp>Visa also has a downloadable Tooth Fairy Calculator \u003ca href=\"https://apps.facebook.com/449594221747991/\">app \u003c/a>that will give you an idea of how much parents in your age group, income bracket and education level are giving their kids.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp> \u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>How much kids get also depends on where they live. Kids in the Northeast get the most, according to the Visa study, at $4.10 per tooth. In the West and South, kids get $3.70 and $3.60 per tooth, respectively. Midwestern kids make do with only $3.30 a tooth.\u003c/p>\n\u003cp>Visa also has a downloadable Tooth Fairy Calculator \u003ca href=\"https://apps.facebook.com/449594221747991/\">app \u003c/a>that will give you an idea of how much parents in your age group, income bracket and education level are giving their kids.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp> \u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>NEW YORK (AP) — Cisco's earnings and revenue grew in the latest quarter as demand for its computer networking equipment increased. But CEO John Chambers called the global economy \"challenging and inconsistent,\" and the company said it is cutting about 4,000 jobs, or about 5 percent of its workforce.\u003c/p>\n\u003cfigure id=\"attachment_106897\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-106897\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/08/cisco.jpg-300x201.jpg\" alt=\"Photo by Justin Sullivan/Getty\" width=\"300\" height=\"201\">\u003cfigcaption class=\"wp-caption-text\">Photo by Justin Sullivan/Getty\u003c/figcaption>\u003c/figure>\n\u003cp>The company's revenue guidance for the current quarter was weaker than Wall Street expected, and shares fell sharply in extended trading.\u003c/p>\n\u003cp>Cisco Systems Inc. earned $2.23 billion, or 42 cents per share, in the three months that ended on July 27. That's up from $1.92 billion, or 36 cents per share, a year earlier.\u003c/p>\n\u003cp>Adjusted earnings were 52 cents per share in the latest quarter, squeaking past Wall Street's expectations by a penny. This figure excludes charges stemming from a patent settlement with TiVo and other one-time items.\u003c/p>\n\u003cp>Revenue rose 6 percent to $12.42 billion from $11.69 billion.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Analysts, on average, had expected revenue of $12.41 billion, according to a poll by FactSet. \u003c!--more-->\u003c/p>\n\u003cp>Cisco's performance is widely regarded as a bellwether for the technology industry. That's because the San Jose company cuts a broad swath, selling routers, switches, software and services to corporate customers and government agencies. In addition, Cisco's fiscal quarters end a month later than most other major technology companies, giving it additional time to assess economic conditions.\u003c/p>\n\u003cp>\"Now, more than ever, our customers and our partners want Cisco's help navigating the inconsistent global landscape successfully,\" Chambers said in a statement.\u003c/p>\n\u003cp>For the current quarter, Cisco said it expects revenue to grow by 3 percent to 5 percent year over year. Analysts are expecting $12.72 billion, a 7 percent increase from last year's $11.9 billion.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The company's fell $2.49, or 9.4 percent, to $23.89 in extended trading after the results were released. The stock closed up 6 cents at $26.38 in the day's regular trading session.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>“CBS This Morning” showed an interview with Oracle CEO Larry Ellison today. Ellison, who rarely speaks to the media, discussed his legal battle with Google, telling Charlie Rose that Larry Page “took our stuff and that was wrong.” Then he talked about Steve Jobs, whom Ellison called “his best friend for 25 years.” After being asked by Rose what was going to happen to Apple without Jobs, Ellison said:\u003c/p>\n\u003cp>“We already know. We conducted the experiment. It’s been done. We saw Apple with Steve Jobs (raises his hand high), we saw Apple without Steve Jobs (lowers hand), we saw Apple with Steve Jobs (hand back up), now we’re going to see Apple without Steve Jobs.”\u003c/p>\n\u003cp>After being asked by Rose if he was saying that “Apple is going down without Steve Jobs,” Ellison said, “Yeah, they are. I’ll say it publicly. He’s irreplaceable. They will not nearly be so successful because he’s gone.”\u003c/p>\n\u003cp>Ellison also called Jobs “our Edison” and “our Picasso.”\u003c/p>\n\u003cp>Good stuff, but too bad Rose didn’t ask him about that \u003ca href=\"http://www.bloomberg.com/news/2013-06-05/how-larry-ellison-is-destroying-the-america-s-cup.html\" target=\"_blank\" rel=\"noopener\">kooky America’s Cup\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"info": "Possible is hosted by entrepreneur Reid Hoffman and writer Aria Finger. Together in Possible, Hoffman and Finger lead enlightening discussions about building a brighter collective future. The show features interviews with visionary guests like Trevor Noah, Sam Altman and Janette Sadik-Khan. Possible paints an optimistic portrait of the world we can create through science, policy, business, art and our shared humanity. It asks: What if everything goes right for once? How can we get there? Each episode also includes a short fiction story generated by advanced AI GPT-4, serving as a thought-provoking springboard to speculate how humanity could leverage technology for good.",
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"title": "Rightnowish",
"tagline": "Art is where you find it",
"info": "Rightnowish digs into life in the Bay Area right now… ish. Journalist Pendarvis Harshaw takes us to galleries painted on the sides of liquor stores in West Oakland. We'll dance in warehouses in the Bayview, make smoothies with kids in South Berkeley, and listen to classical music in a 1984 Cutlass Supreme in Richmond. Every week, Pen talks to movers and shakers about how the Bay Area shapes what they create, and how they shape the place we call home.",
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"soldout": {
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"title": "SOLD OUT: Rethinking Housing in America",
"tagline": "A new future for housing",
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"info": "",
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"title": "Tech Nation Radio Podcast",
"info": "Tech Nation is a weekly public radio program, hosted by Dr. Moira Gunn. Founded in 1993, it has grown from a simple interview show to a multi-faceted production, featuring conversations with noted technology and science leaders, and a weekly science and technology-related commentary.",
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"ted-radio-hour": {
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"title": "TED Radio Hour",
"info": "The TED Radio Hour is a journey through fascinating ideas, astonishing inventions, fresh approaches to old problems, and new ways to think and create.",
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