Tech’s flight from San Francisco is a relief to some advocates

SAN FRANCISCO — When Chirag Bhakta saw a headline recently that said tech workers were fleeing San Francisco, he had a quick reaction: “Good riddance.”

Bhakta, a San Francisco native and tenant organizer for affordable housing nonprofit Mission Housing, is well-versed in the seismic impact that the growth of the tech industry has had on the city. As software companies expanded over the past decade, they drew thousands of well-off newcomers who bid up rents and remade the city’s economy and culture.

He said the sudden departure of many tech workers and executives — often to less expensive, rural areas where they can telecommute during the coronavirus pandemic — reveals that their relationship with San Francisco was “transactional” all along.

“They used their capital to radically shift the makeup of poor, working-class communities,” Bhakta said. “We’re left with ‘for sale’ signs and price points that are still out of reach

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‘Silicon Mountain’ Advocates For More Tech Re-Use

When Apple released the iPhone 12 earlier this year, much of the ensuing outrage centered around the charger. In an attempt to shift to a more sustainable model of minimal packaging, the Cupertino computing giant announced it would not be including a power brick with every handset, as it had customarily done in the past. Predictably, some consumers were annoyed at the thought of having to buy an extra $19 USB-C charger adaptor on top of the already pricey device.

While the new charger policy made for clicky headlines, and momentarily focused public attention on just how many glossy plastic cubes we all have floating around our homes, it does little to address the broader problem of e-waste. Every time a new iPhone hits the market, millions rush to buy the latest, shiniest version. Inevitably, the devices they already have join billions of pounds of glass, heavy metals, and other

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CEO Of $10 Billion RIA Advocates For An End Of Technology Domination On Wall Street

Richard Bernstein, CEO and CIO of Richard Bernstein Advisors, advocates for moving away from the major technology stocks, citing the technology bubble at the end of the 1990s that left technology and communication as the worst-performing sectors from 2000 to 2010. 

Bernstein, whose New York-based firm manages more than $10 billion in assets, sees similar market conditions today to when enthusiasm got so great that technology stocks performed poorly for a decade, speaking during the Forbes | SHOOK Wealth Management Virtual Summit.

In further comparing the current environment to that time, he expects cyclical sectors to again outperform going forward, including energy, industrials, small-cap, and non-US. He sees 2021 as a bullish year for those in the right stocks.

With the recent positive news on the vaccine front, Bernstein says the corresponding

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Tech Emerging Europe Advocates: Making the region a global tech hub – Emerging Europe

A new initiative aims to build on emerging Europe’s foundations as a region of innovation, creating a global tech hub.

Technology, ICT, entrepreneurship and innovation have been regarded as one of emerging Europe’s strongest assets for more than two decades. The region’s digital economy is also accelerating. According to a recent report by McKinsey, between January and May 2020, it grew over 14 per cent, while in 2019 it captured 78 per cent, or 5.3 billion euros, of all growth.

Tech Emerging Europe Advocates (TEEA) is the first pan-regional community of tech entrepreneurs, leaders, experts and investors eager to build on that strong foundation and make emerging Europe a global tech hub.

TEEA is part of Global Tech Advocates, a network of almost 20,000 individuals from Silicon Valley, Europe, Asia, Australia and New Zealand. The official launch of the community is scheduled to take place on

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