On a day after the stock market suffered through one of its classic fits of pique at the news du jour, it's hard to find any bright side to a 382-point loss. But something's happening here and--apologies to the immortal Buffalo Springfield--what's taking place is becoming increasingly clear.
The conventional wisdom is that these are (among) the worst of times, with the tech economy hostage to the vagaries of the larger global economy. I suppose that it's reasonable to expect things to get a lot worse before they get any better. But how about some historical … Read more
The U.S. Chamber of Commerce said Wednesday it is optimistic about the stimulus package currently in the works yet warned that the group may butt heads with Democratic leaders over issues like climate change regulation and energy policy.
"The chamber is very encouraged by the direction the President-elect is taking with his recovery package," Chamber CEO Tom Donohue said Wednesday, as he presented his organization's 2009 State of American Business report and its proposals for economic recovery. "Even so, we will not hesitate to vigorously fight wrong-headed proposals when necessary."
The chamber remains optimistic … Read more
The U.S. Chamber of Commerce and other business organizations filed suit against U.S. Homeland Security Secretary Michael Chertoff last week, complaining that the Homeland Security Department cannot legally require federal contractors to use its online worker verification database.
Beginning January 15, 2009, the department will require certain federal contractors and subcontractors to use its E-Verify system, an online database run by the Homeland Security Department and the Social Security Administration against which employers can check a person's work status. Use of the system is voluntary, but President George Bush signed an executive order earlier this year requiring … Read more
Broadband development should not be stifled by federal regulation that intends to make networks more "neutral," the U.S. Chamber of Commerce is arguing through two papers released Monday.
The papers, the first in a series of five that will examine the impact of broadband on certain user groups and for certain purposes, argue that the federal government's current loose regulatory structure has enabled broadband to become a "life-altering tool" both for the general population and for senior citizens specifically.
"An estimated $60 billion has been invested in broadband infrastructure by the communications industry … Read more
Cisco Systems' John Chambers may not be the top manager in techdom, but he's right at the top of anyone's short list of the best and the brightest. That's why when he says it's hairy out there, pay attention.
So it was that about a year ago, while the bozos inhabiting Cramerica were yammering about the Dow soaring past 15,000, Chambers was one of the first big-time CEOs to warn of cracks in the edifice. (At the time he described demand as "lumpy." That turned out to be the mother of all understatements.) … Read more
WASHINGTON--With only five days left for President Bush to decide whether to sign into law a controversial copyright bill, business lobbyists and even the AFL-CIO are pushing for it to become law.
Most bills to expand copyright law are bipartisan--one aimed at file-swappers and prerelease movies in 2005 comes to mind--and the so-called Prioritizing Resources and Organization for Intellectual Property Act is no exception. Sens. Patrick Leahy, a Democrat, and Arlen Specter, a Republican, are the sponsors, and it enjoys the support of the Recording Industry Association of America.
Can Web 2.0-style collaboration halt climate change? Well, not entirely, but it can certainly help.
Former Vice President and Nobel laureate Al Gore and Cisco CEO John Chambers spoke on a virtual panel on Wednesday to discuss the role of business technology in environmental matters, most notably climate change.
The event was organized to showcase Cisco's videoconferencing technology and, overall, it performed very well.
Gore spoke from a location near his home in Nashville, Tenn., while Chambers was in San Jose, Calif., and the moderator of the event--ITN science editor Lawrence McGinty--spoke from outside London. People could watch … Read more
Cisco Systems CEO John Chambers is joining the virtual stage with Nobel laureate and former Vice President Al Gore on Wednesday morning to talk about climate change and technology innovation.
Chambers and Gore will use Cisco's telepresence system to communicate with a live audience at the VoiceCon trade show in in Orlando, Fla. They will discuss how unified communications technology, like the telepresence platform, can play a role in reducing carbon emissions, which are impacting climate change.
They'll also discuss other ideas for how businesses can reduce greenhouse gas emissions through innovative technologies and how the technology industry … Read more
Maybe it's that West Virginia drawl. But for some reason, the financial movers and shakers on Wall Street need an interpreter each time Cisco Systems CEO John Chambers begins to talk.
On Tuesday, investors became euphoric after Chambers repeated his earlier forecast for Cisco's long-term growth rate.
In case you missed it, these same folks nearly jumped out the window when Chambers said the exact thing February 6 after Cisco reported its fiscal third quarter.
The big "news" on Tuesday is that Cisco's chief, appearing at the Morgan Stanley Tech Conference, said he was "… Read more