Cavazos didn't plan to go from high-tech to blue collar. But after eight months without a job, the 37-year-old Raleigh, N.C., resident had burned through his 401(k) savings and was nearing the end of unemployment insurance. He took the postal job to pay the mortgage--even though it leaves him wanting professionally. ..."

ZDNet: Printer Friendly - The world of the laid-off techie

": I have often heard it said in the private equity business that people are very important. I have come to the conclusion after 30 years in this business that management talent is a necessary but not sufficient reason to succeed. Management can never be overvalued, but it can be overestimated. Warren Buffett once said, show me a bad business and a good management and the bad business will prevail every time. So the lesson I have learned from the recent mania is that you may have capital and a talented management team, but if you are fundamentally in a lousy business, you won't get the kind of results you would in a good business. All businesses aren't created equal."

VC moves from one unreality to another

When the economy recovers, not all technology hubs around the United States will get equal treatment in terms of jobs, according to a report released this week... "It's going to be a rough year for the Bay Area," said Steven Cochrane, an economist at Economy.com. "San Francisco is hurt by the technology and financial industries, and San Jose has the highest concentration of tech jobs."

Is your tech hub growing? - Tech News - CNET.com

The business model for online gaming is still evolving, but at least one popular online game has already created a powerful free-market economy, according to a study.

Evercrack's collective economy is larger then Russia's!

This is fairly funny...

The Hungry Site - Feeding the New Economorons

Next time you hear that file swapping is responsible for the decline in music industry revenues in 2001, take a look at this. Declines in concert revenues tracked declines in sales of recorded media.

Salon.com Arts & Entertainment | What's wrong with the music biz?

Yahoo has apparently been systematically taken over by a bunch of guys from hollywood. It will be interesting to see what happens. IMHO Yahoo could have been profitable with some fat cutting. The problem with this "philosophy change" is that hollywood guys usually get the internet about as well as internet guys get business. And the pendellum swings...

Vision series - CNET News.com

"We can still confidently predict what the next couple years will look like. Millions of smart, talented people won't be able to get the kind of work they're capable of doing. Lots of recent college graduates will spend years waiting tables or manning ski lifts or moping around at home trying to figure out what to do with their lives. Social challenges like welfare reform and improving public schools, which seemed to have been magically resolved in the late 1990s, will turn out to still be around and in need of drastic action. Worrying about the deficit and the national debt will come back into fashion. And don't be too surprised if concern about U.S. competitiveness (vs. Japan or Europe or China or India) stages a comeback as well. "

Fortune.com - The Long, Soggy Recovery

This is of interest. However, I really have to question whether there is more to this story then whats being told... I find it hard to beleive that technology like this isn't economically feasable. There are other problems here.

DoubleClick turns away from ad profiles - Tech News - CNET.com

"If this hypothesis is supported by future research, a reinterpretation of the entire history of the free software movement will be necessary. For this analysis suggests a starkly different logic to open source development than is contained in most of the popular literature on the subject. In particular, it offers support for the hypothesis that early open source work thrived because its development took place in an immature and publicly-subsidized market.... Is free software truly free? It may be something for which developed countries have already paid: through early funding for academic research and development, and support for public research at times when the market for certain types of software was immature. It is hardly accidental that early "hacker" communities emerged at organizations with the resources and will to subsidize long-term development."

The Fading Altruism of Open Source Development