The stories on the latest Twitter hack -- which caused the stock market to plunge and wiped out $136 billion in investor value in an instant -- have focused on the vulnerability of the social network to malware and intruders. Twitter's apparently hiring some new people to improve its security. That's all just fine, but it's the wrong point.Read more »
CAREERS AND ED I bought my friends. For 2,500 of them, I paid $26 — and you can do it too.
It bore reflection one day last month: Why does New York journalist-party disaster Cat Marnell have 20,000 more Twitter followers than me? Her quote about quitting her xoJane editorship to do angel dust was gold, but still.Read more »
San Francisco is giving Twitter tax rebates to help grow a business that reduces our communications to 140 characters or less, and now the city's Board of Supervisors has approved the creation of extra-small apartments for the Twitter drones who toil long hours in the company's new mid-Market headquarters, along with their brethren at other tech companies, the target audience for these tiny living spaces.Read more »
San Francisco has never been able to do big-scale economic redevelopment without displacement of existing residents and businesses, and the "revitalization" of mid-Market is turning out to be another case in point. Rents are going up all over the neighborhood (as well as other parts of Market Street) as the second tech boom roars into San Francisco. And now it's having an impact on a community-based theater-development plan -- and potentially on even the more established theaters in the area.Read more »
EDITORIAL In some ways, the battle over San Francisco's business tax represents a shift in the local power structure: For most of the past 30 years, the finance, insurance and real-estate industries — the traditional downtown corporate leaders — called the shots at City Hall. Any honest list of the most powerful people in town started with bankers and real-estate developers, and most of the time, they got their way.Read more »
Labor and much of the progressive community worked with downtown and the Mayor's Office last year to craft a pension-reform bill that took away benefits from city employees. The unions came to the table, recognized the city's financial problems and bought into a compromise, even though it took money out of their pockets.
And now big business, with the support of Mayor Ed Lee, wants to reform the local business tax in a way that doesn't bring the city a dime of new revenue (and hurts small business in the process).
In other words, it's fine to seek compromise when it's about cutting workers pay and city costs. When it's about asking big business (and a lot of big businesses, particularly tech businesses, in this town are doing exceptionally well right now) to chip in just a little more, to do the right thing, address the revenue side of the ledger and pay a fair share, the answer is No. Read more »