"Silicon Valley is no longer just the place talented people move to; it's the place those people are moving from"

Glenn Kelman

Said : Glenn Kelman, CEO of Redfin, a leading real estate website, in a commentary on - Soaring housing costs forces talent to flee Silicon Valley - published in CNBC on 21 May 2015. 

According to Kelman, "IT folks are leaving Silicon Valley, mostly because they can't afford to stay. For the first time ever, the median price for a Silicon Valley home just exceeded $1 million. That's about double what it is in other tech cities, like Boston or Seattle, and triple what it is in aspiring technology hubs, like Portland, Denver or Austin."

Kemlin, quoting PayScale.com, writes : "Silicon Valley engineers earn nearly 50 percent more than their Boston counterparts; in Seattle that difference is smaller, but still significant, at 12 percent. Nowhere is the pay difference large enough to offset the cost of housing."

According to Kemlin, Silicon Valley commercial rents are nearly double what they would be in Denver or Portland, and 50 percent higher than Austin or Seattle. For a 100-person office, the difference works out to be $400,000 a year. This is equivalent to about 2 percent of the total operating expenses in a typical software company which runs on 15 percent margins.

Readers' comments :

A reader 'Patriotoo' makes an interesing observation "Sadly, even Stanford has been corrupted by Silicon Valley, now just a trade school with students and faculty focused mostly on their widget startup or sitting on SV boards for faculty as well." "WA and OR already suffer for the earlier exodus of Californians to those states," noted another reader Don Iverson. Lacityterr remarked : "There is no more room in Silicon Valley and they are all moving down here to Los Angeles. Rents are skyrocketing in the city of LA. They are building housing like crazy in downtown. The entire west side of town has been taken over by the tech industry. In 10 years LA will be as unaffordable as the bay area. I am glad I bought my house when I did."

"The poor are most definitely not poor because the rich are rich. Nor are the rich undeserving"

Warren Buffet

Said : Warren Buffett - an American business magnate, investor and philanthropist, considered to be the most successful investor of the 20th century. 

In a commentary for The Wall Street Journal, he said : "The widening wealth gap is an "inevitable consequence of an advanced market-based economy. But it is a fact that in recent decades, our country's rising tide has not lifted the boats of the poor," reported CNBC.

The Screen Shot of 
Warren Buffet's Most Recent Tweet
@WarrenBuffet

"The poor are most definitely not poor because the rich are rich. Nor are the rich undeserving"

Said : Warren Buffett http://bit.ly/1ikgz4X - an American business magnate, investor and philanthropist, considered to be the most successful investor of the 20th century. 

In a commentary for The Wall Street Journal, he said : "The widening wealth gap is an "inevitable consequence of an advanced market-based economy. But it is a fact that in recent decades, our country's rising tide has not lifted the boats of the poor," reported CNBC. http://cnb.cx/1Hz4T8q

An agreement is worth something only if you can make it expensive for the other side to violate it

Said : Arun Shourie in an interview with Rakesh Sinha, National Editor (News Operations) of The Indian Express (published in the May 4, 2015 edition) which claims to follow the Journalism of Courage.

The interview appears under the heading "Let’s not be in a hurry to resolve border dispute with China : Arun Shourie." Shourie has meticulously analyzed the current scenario of the Indo-China relations and highlighted the challenges facing the country in dealing with this Asian Tiger. He has advised to learn from the past mistakes of leaders like Pandit Nehru and also urged PM Modi to involve experts like General Raghavan and Shyam Saran who have spent years and years studying China, and its methods. "When you meet them (Indian experts), reflect carefully on views and assessments that are contrary to your instincts," he added.

Some of the other quotable quotes of Shourie from the Express News interview are reproduced below :

Pakistan is the immediate problem, China is the principal challenge in the long run — and in part Pakistan is a problem because of China. 

Indeed, China is facing many problems. But China’s problems are not going to solve ours: all they can do is that they may give us a little more time.  

China views India as a potential nuisance — one that must be kept busy in South Asia. And it has a willing instrument in Pakistan to do so.

Shourie's views can be useful but they just provide a kind of precautionary tool that may be used while dealing with the Chinese leaders. But when asked "So in your view what should the government be doing?," Shourie could hardly provide any meaningful answer which can be termed as something novel or even new.

At the end, I realized that although Shourie's analysis and observations are quite important and can be really useful but there is no reason to believe that PM Modi is ignorant about them and he is not seeking experts' opinion. We may not be knowing his list of advisers but I am sure he must be listening to them. He is a good listener but to expect him to take the ultimate final decision contrary to his instincts will rather be not only too much but also be impractical. The so called Experts, including Shourie, also form their opinions based on their instincts. 

Somehow, reading Shourie's views has strengthened my thinking that to analyse a difficult and complex situation may be quite easy or free of any faults but to deal with it may not be as easy as many experts think or advise. That's why leaders at the highest level eventually tend to postpone such issues. Perhaps Shourie also, therefore, as per the headline of his interview, rightly (consciously or unconsciously) advices "Let’s not be in a hurry to resolve border dispute with China." Is it not  because we have no other viable alternative?

"Golf is a public relations tool that businessmen use to hook government officials"

Mission Hills, the world’s largest golf club, is located in Hainan.

This CNBC newsitem describes how President Xi Jinping is making his mark in the campaign against corruption, which has toppled senior party and military leaders.   

Now anti-corruption investigators have turned their eyes to golf : "sport for millionaires and a capitalist pastime," in line with state-run news media's depiction of golf as yet another temptation that has led Communist Party officials astray. Golf has been called the 'aristocrats' game because of its high cost and unique glamour. 

The government has shut down dozens of courses across the country built in violation of a ban intended to protect China's limited supplies of water and arable land. Communist party officials have been forbidden to golf during work hours "to prevent unclean behavior and disciplinary or illegal conduct."

According to  Xinhua - Chinese news agency - the Communist Party of China's (CPC) anti-corruption agency has opened a column on its website where corrupt officials' confessions are published to "warn, deter and educate". China, it appears, has declared war on golf courses. 

According to another press item, it is widely publicized that Xi Jinping does not want government men betting on golf games, he does not want them doing on-course deals or taking golf "jollies". In plain, he does not want them playing golf and being associated with the sport of Barack Obama, with the game that Chairman Mao dismissed as the "sport of millionaires". Golf is being bracketed with gambling, prostitution and drugs being used as a public-relations tool that businessmen use to influence government officials.

Recently, anti-corruption inspection teams from the Central Commission for Discipline Inspection Network visited central China's Electronic Information Industry Group Co., Ltd. (China Electronics) and found two top executives involved in golf related corruption. In the period from 2013 to 2014, they made eight repeated visits to Beijing for a golf course, using public money to play golf. The Party Discipline Inspection Commission is taking action in the matter. 

It is worth noting that after taking the helm of the CPC in November 2012, Xi Jinping vowed to fight corruption, targeting both high-ranking "tigers" and lowly "flies".

“As a celebrity/star I am not an individual — I am a spectacular representation of a living human being, the opposite of an individual”

LaBeouf at the premiere of
Fury in Washington D.C, Oct. 2014
(Department of Defense
photo by Marvin Lynchard)

Said : Shia Saide LaBeouf (Born: June 11, 1986 in LA), an American actor and director who became known among younger audiences as Louis Stevens in the Disney Channel series Even Stevens. 

He made these remarks in response to email to Variety‘s questions that appeared in NY Film Editor Ramin Setoodeh's post yesterday.

The 28-year-old actor believes that celebrities are ‘Enslaved’. When asked about his feelings as an artist, LaBeouf said : "The craft of acting for film is terribly exclusive and comes with the baggage of celebrity, which robs you of your individuality and separates you. The performance work is democratized and far more inclusive. As a celebrity/star I am not an individual — I am a spectacular representation of a living human being, the opposite of an individual. The enemy of the individual, in myself as well as in others. The celebrity/star is the object of identification, with the shallow seeming life that has to compensate for the fragmented productive specializations which are actually lived. The requirements to being a star/celebrity are namely, you must become an enslaved body. Just flesh — a commodity, and renounce all autonomous qualities in order to identify with the general law of obedience to the course of things. The star is a by-product of the machine age, a relic of modernist ideals. It’s outmoded."

LaBeouf is the executive producer of “LoveTrue,” an experimental drama from director Alma Har’el (“Bombay Beach”) that merges fiction and documentary, with vignettes set in Alaska, Hawaii and New York. 

See a clip of “LoveTrue” featuring actor Will Hunt below :

"The majority of ultra rich Russians, who in some way may have something to fear have, a long time ago, prepared spare airfields and put in place plans for a quick emigration or, God forbid, evacuation of their family"

Alexei Koval

Said : Alexei Koval, operations director at City Magazine, which offers lifestyle and investment tips to "successful people" in Russia's main cities, reported a Moscow Times report of March 29.

According to the report "Russia's Super-rich Stay Loyal to Putin Despite Ruble Crisis Blow," wealthy Russians have resorted to self imposed modesty by cutting down their visible spendings on luxurious life style items e.g. cars,  jewellery, leisure holidaying overseas, ostentatious celebrity parties, etc. 

President Vladimir Putin has repeatedly appealed to leading businessmen to bring their money from offshore accounts back to Russia warning them about the possibility of West expanding the sanctions over Ukraine which will close off the inflows further.

The report highlights the fact that Russia's super-rich are feeling the pinch from the economic crisis but they have so far remained loyal to Putin.