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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (81386)	8/20/2010 8:36:59 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

The two big industry where I live is Biotech and high tech. High tech is cyclical but tat cycle seems to be too long this time around. Besides, there are no frontiers left for high tech to grow. Internet/communication, hardware chips, software are all saturated. The exception is consumer electronics and Apple is dominating there. On the biotech, well not much is happening anymore with the M&As between pharma and biotechs. Pharma's are buying up biotechs and the pharma mangers do not have the requisite background to identify molecules for research in biotech. They are bean counters and are not ready to spend the kind of money up front needed for biotech. And most importantly, construction in California has stalled. Of interest to me in this area is the start of the High Speed rail from Sacramento to LA via the Bay Area. if that materializes, which I believe will be soon, then we can hope the CA economy to move upwards. And then we have the arcane CA constitution which is the reason for the yearly deadlock in getting the budget passed in a timely manner.