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Remove the high-tech boom, and the area is at best holding steady.
His message: only a happy few are benefiting from Israel's amazing high-tech boom.
The surpluses gave the government greater policy flexibility as the high-tech boom started to falter.
There has never been a high-tech boom here, local officials say, nor much tourism.
Austin's philanthropic boom almost matched the levels of the high-tech boom.
During the high-tech boom, several major corporations moved their headquarters to the region.
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These five cycles can be identified briefly by their initial triggers: the 1950s start of the Cold War; the US political panic after the early Sputnik launches; the Reagan defense buildup; the high-tech booms and Y2K panic of the 1990s; and the Clinton-Bush doubling of the NIH budget over a five-year period from 1998.
But we are not, as we were in 1998, in the midst of a high tech boom but rather in a phase of a vicious capital-spending downswing, characterized by excess capacity, weak pricing-power and declining earnings.
Fueled by a high tech boom and a resultant runaway real estate market — and following the removal of a double-deck highway that ran along the waterfront but was badly damaged by the 1989 Loma Prieta earthquake — a forest of towers has been rising up in San Francisco, especially in the downtown district known as South of Market.
By not foreseeing low income housing as an important resource and protecting it as such in a high tech boom, Seattle leadership has been reactive and has effectively given the foxes carte blanch to the hen house by not forcing real estate conglomerates to be accountable to a fair portion of the financial burden and social responsibility of gentrification, not the taxpayer.
Three myths about high tech booms.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com