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From the Editors
Bill Gates' Mysterious New Venture
Poor Bill Gates. He spurs the personal computer revolution. Then becomes one of the planet's largest benefactors, trying to eradicate disease worldwide. But he's still not cool. Now, he's started a new company that could be cool--because it's "mysterious." The entity, called bgC3, (for Bill Gates Company #3?) has the nerdosphere buzzing. It will "oversee Gates' personal pursuit of breakthrough ideas in science and technology," reports TechFlash, which broke the news. "You didn't think Willy G would be content fading away into the background after stepping down as the head of Microsoft, did you?" says Boy Genius Report. The new company might "be focused on creating catalyst business ideas to spin off to Microsoft, the Gates Foundation or elsewhere," speculates ReadWriteWeb. "It sounds like an intellectual romper room--a spot for Gates to extend his annual 'think week' sessions and hang out with his smart friends," posits Brier Dudley's Blog.
The 2008 Major League Layoffs
It's do-or-die in Corporate America. A real layoff atmosphere, you might say. September's 2,269 mass layoffs were the worst since 9/11, says Workers Independent News. October seems no better. Yahoo has announced it will axe more than 1,000 people. "Affected employees will be notified of layoffs in the next several weeks," said a memo to staffers from Yahoo CEO Jerry Yang (reproduced at Web Guild Silicon Valley). "That is sure to create a horribly uncertain environment within the company," says Paidcontent. "Getting a 'pink slip' this close to the holiday season is one of the worst," says Hutch Report. Goldman Sachs plans to cut 10 percent of its 32,500 employees. Borrowed too much, says Blogging Stocks. Drugmaker Merck announced layoffs of astonishing scale, says Pharma Industry. The company's Q3 profit fell 28 percent and it's laying off 7,200 people--13 percent of its workforce. "[Merck] and the pharmaceutical industry as a whole have fallen on hard times," says Wallstrip. Ticketmaster is letting go hundreds of workers. "Ticketmaster is evil [but] this still sucks," gripes well-known economic analyst Perez Hilton. And the carnage goes on...
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