basically, for taiwan's high-tech industry, the government play a very critical role in the process ine beginning stage. however, i think there's another key factor who pushed the taiwan high- technology industry forward, which come from the silicon valley returnees. narrator: silicon valley returnees. in the 1970s, many taiwanese students went overseas to study and work. mr. hsing tuan is president of unipac optoelectronics in hsinchu park. his story is typical of the silicon valley returnees. he studied for his bachelor degree in taiwan but then went on stanford university in california to complete his doctorate. after 12 years working on research and development in california's silicon valley, he went home to taiwan. if i compare taiwan and the u.s., i would say that taiwan is very much like the early days of the west coast in... in the u.s., the so-called gold... gold rush time... you know, era. that is, there are more opportunities here than in the states, i think. and... so many of us who came back here look for challenges, and we certainly found many challenges. narrator: in the

and a high-tech would bring the ideas and the expertise that the half. they'll cross pollination that really produce significant returns. >>> we've heard of things like offshore gambling. would this be a hit would open up for other projects like this? >>> blue seed could be a new industry. but that remains to be see. the start-ups in the high techs and the issues assisted with that. >>> the go to our web site >>> thank you for being here. that is an interesting concept. the mill valley film festival. we'll talk about that. at are the curtal go up on a 35th no valley film festival. for the last three-four years they should be area premieres of oscar's best picture which was the king's speech and artists. here are the details about this year's program. we have the guy who started the film festival 35 years ago. it is good to see you again. it seems the quickest talking about the 25th year and is always a big exhortation for this assessment will of five years. >>> anything divisible by five is a great expectation. >>> was the hottest thing that you're doing

it's a high-tech correctional facility called riverbend maximum security institution. riverbend opened in 1989 and sits on 132 acres. it replaced its 100-year-old predecessor, the tennessee state penitentiary, known as the walls. today, riverbend houses close to

their economic growth models by increasing input in some new areas like new energy, high- tech, high end manufacturing, i.t., bioscience, etc. these could translate into new corporation -- cooperation opportunities. the u.s. as you know is implementing its export initiatives and select u.s. programs while the chinese government is implementing its plan. one of the main contents of the plan is to expand tschida's domestic demand -- tschida's domestic demand. so for the next five years, -- china's domestic demand. we will import 10 trillion dollars of food from abroad including those from the united states. also, china is now working very hard on a global strategy. we encourage the chinese companies to work, to invest in foreign countries, including the united states. with this drive going on, i believe more and more chinese companies will come to invest in the united states. if we embrace all these efforts together, i am sure the result will benefit both countries on both sides. history and the facts have proven that china and the u.s. or sino-u.s. corp. is no zero sum game. rather, i

>> i see it happening in areas like manufacturing, and in high tech areas. i still think that the best bet we have is by getting more people to get skilled up. and that means getting additional credentials at community colleges. that is why the president has made so much funding available so we could partner with private industry and community colleges to make sure that the curriculum reflects the actual type of technique and work that those employers want. >> let me ask you, secretary solis, i know that companies and defense companies have to give employees a certain amount of time, heads up, before they lay off the people because of the spending programs going away. i believe they will have to tell the employees their jobs are cut by october one, are you expecting a big number of layoffs as a result of the spending programs going away, and this fiscal cliff issue? are you expecting a lot of layoffs at year end? >> well, what i'm expecting is that everyone work through due diligence here, because you shouldn't falsely give out notice if you in fact have not

jody sherman la vas manages the learning team at leapfrog, a maker of high-tech educational toys. >>k kids are learning faster and better than we were 30 years ago because of this technology? >> i think kids learn best when they're engaged and having fun. >> it's not just that technology is getting more sophisticated. it's that kids, younger and younger, seem to be mastering it. >> it's amazing. i think we've all seen you-tube videos infants swiping on the iphone and knowing how to change pages. they adapt to the technology so quickly. >> too quickly says child psychologist dave swanson. >> more they play on the devices, the less time they're spending outside socializing with other kids, socializing with their parents. that's so crucial for a child to fully develop. >> technology is part of a balanced diet. so, you know, i still take the kids outside to the park every day, make sure they interact other kids in preschool, play dates. >> there's an age label on the ipad. three and up. ceo john barber cautions that parents shouldn't push. >> the last thing you want to do is disappoint y

somewhere else so russia's got a bit of a problem there but then that's why the governments focused on high tech and really that is the only solution they have to do the high value added things and they're pouring money into the other problem is china has sort of blocked the first run on the latter countries used to go from making cheap transistor radios to making computer disk drives to making jet fighters the chinese and asia in general has occupied the light manufacture now if you go to the shop here most of your fast moving consumer goods are made in russia right foodstuffs because a lot of companies they could be for frequently foreign companies don't know want and the like. but. they're producing in russia the automobile sector is almost entirely made russian under foreign marques anything that contraflow long distance like food is made here in the car things because within that's been there and that's another place where the reform process has worked very well and very well and the state has encouraged and pushed that and everybody's doubling tripling quadrupling their productions i mean

. >> it's one of the biggest, fastest, most high-tech sailboats on the high seas... >> isn't she beautiful? >> ...a triumph of science, vision, money, and an abundance of ego. >> i just wanted the biggest boat. let's admit it. >> it's ego. what? i mean... >> do i have an ego? yes. >> if there were a hall of fame for business tycoons, tom perkins would be a first-ballot shoo-in. he has earned a fortune, and, boy, does he know how to spend it. [ engine revs, tires screech ] >> the troubles at hewlett-packard started when then-c.e.o. carly fiorina was abruptly fired. >> out the door. is that really -- it was that cold? >> that's exactly what happened. >> devastated? you had to have been. >> of course i was devastated. i was hurt. >> welcome to "60 minutes on cnbc." i'm lesley stahl. in this edition, we examine the boardroom intrigue at hewlett-packard between 2005 and 2007. it was a tumultuous saga that led to criminal charges, executive firings, accusations of sexism, and lots and lots of finger-pointing. and in the midst of it all, three of the protagonists told me their sides of the story

individual entrepreneur and high-tech start up matter a lot more.to the middle class. doesn't hurt the middle class. melissa: you say a large part of that private quick it is a driver of that. that is big issue in the campaign. mitt romney himself obviously from bain capital. do you think that private equity is the driver of good things in this economy and has been unfairly demonized? >> yes. i think equity in general underwrites the risk which is needed to drive change. to drive innovation, to improve the performance of companies, to increase productivity. when you look at the effect overall on the u.s. economy, we have added 40 million jobs since the 1980 on a base of 100 million. that is 40% increase in job. 50% at high end of the wage scale by the way. europe and japan? half as many jobs. you look today we created jobs with median incomes 25 to 30% higher than europe. melissa: you go so far to say inequality is a good thing? >> yes. melissa: how can you say that? >> high payoffs for successful risk-taking compound over time have significant impa

-born graduates to meet the needs of high-tech employers. right now foreign-born students are benefiting from our education system and then going home to compete with us. this legislation allows us to retain their skills and innovation. we know that every american with an advanced stem degree creates two to three new american jobs. we are place -- we are replacing a broken, inefficient visa program with one that works. rewards innovation and makes jobs for our economy. mr. speaker, i've heard the other side talk about this bill today, all day. this other side controlled the house, the senate and the presidency for two years and did nothing to improve the immigration system. they didn't pass immigration bills, yet the president campaigns on the issue of immigration reform. yet once again, faced with actually passing a bill that improves the immigration system, they're making a stand against immigration reform and against economic growth. let me clarify one thing. i have a great deal of respect for congressman lofgren. she and i have talked ab

. >>> new generation getting a high-tech makeover some kids exposed to new tech gadgets some as young as three or four. some are asking is it a good thing. reporter priyah clemens without one tech company caters products to children >>> for michael garner this is not played time these under surveillance several cameras and monitors and team of researchers applaud his every move. >>> kids are hard wired to learn >>> and she manages the learning team at leapfrog a maker of high-tech educational toys. do you think kids are learning faster and better? >>> i think kids learn best when they're engaged in having fun. >>> it is not just the technology getting more sophisticated it's that kids younger and younger seem to be mastering it. >>> it is amazing we've seen videos of infants wiping the i phone they add that to technology quickly >>> to quickly assess this child psychologist >>> the more they play on devices the last time they are outside and socializing with other kids and parents that is crucial for a kid. >>> technology part of a balanced diet still take the kids at side to the park

i want to say that silicon valley is the birthplace of high-tech.icon valley is the birthplace of norm. five minutes? thank you very much. [applause] >> thank you, congressmen. we would have extended the five minutes if we got a karaoke's song. >> this event would have not been possible by the financial contributions of our sponsors. we want to thank chevron corp., wells fargo, mcdonald's, academy of arts university, at&t,

i want to say that silicon valley is the birthplace of high-tech.icon valley is the birthplace of norm. five minutes? thank you very much. [applause] >> thank you, congressmen. we would have extended the five minutes if we got a karaoke's song. >> this event would have not been possible by the financial contributions of our sponsors. we want to thank chevron corp., wells fargo, mcdonald's, academy of arts university, at&t, southwest airlines. if you have not entered their raffled yet, do so later tonight. comcast, walmart, verizon, moon star restaurant. >> we go from the greatest karaoke's singer in the house of congress to the self-proclaimed worst karaoke singing in public office. i would like to introduce california state controller, serving his second term. he takes a hard-line and took immediate action to weed out waste, fraud, and abuse of public funds. and to amend the state's finances more transparent and accountable to the public -- and to make the state's finances more transparent and accountable to the public. [applause] >>

this quiet family town, population 71,000, is now attracting a new mix of high- tech. companies like san francisco based gap now scouting vacant office space like this in pleasanton. >> it is a tremendous business environment with two different bart stations >> clorox recently moved several hundred employees to its pleasanton location. x radio, a high-tech 3d imaging for moved its headquarters to a building also in pleasanton. so what factors go into corporate moves? easy access to public transportation, cheaper leasing space, quality of life in a convenience to employees. mom and pop businesses welcomed the additions. >> we're happy to have you. it brings in income, it gets people hired and we like that. >> in my mind there will be lunch breaks can grab and go meals after work and it will actually help us quite a bit. >> for those who have been part of the community for decades, it is a positive sign of growth >> i have lived here for 42 years and i have seen this town go from one stoplight to at least over 100 now. if you could live and work here it would be the idea

this quiet family town, population 71,000, now attracting a new mixed, a mix of high-tech, companies like gas, now scouting vacant office space like this in pleasanton, bringing 200 to 300 information technology employees to the east bay. >> just a tremendous business environments here with two different bart stations, a variety, almost 12 million square feet of office space in the city of pleasanton hosting a variety of industries. >> clorox recently moved several hundred employes to pleasanton and a high-tech 3 d imaging firm moved its headquarters to a 37,000 sq. ft. building, also in pleasanton. so what factors go into corporate moves? easy access to public transportation like art, cheaper leasing space, quality of life, and convenience to employees. mom and pop business is welcomed the addition hist. >> move, come, we're happy to have you. it brings in income and its people hired, and we really like that. >> and more job growth means more people adding to the local economy. >> as we saw supply and food and restaurants, in my mind there will be lunch breaks and grab and go meals

he has an apress 'tisship at seimans, the high-tech energy giant. the company gives him three years of paid training, a guaranteed job offer, plus he attends a vocational school. >> we know that we can work afterwards here and have a job and a fixed job. >> reporter: seimans isn't the only german company offering this sweet deal. businesses in almost every industry offer paid training, and in most case, a full-time job, while the government provides a free vocational education. almost two-thirds of germany's young people take part in apprenticeships. >> it ranges from hair dresser training to, you know, running a nuclear power plant. >> reporter: semen's peter solmon says his company is training around 10,000 apprentices in germany. there is a hefty price tag for each training, over $120,000. that's major investment. >> it is. >> and you think you get a return on it? >> we know we do. >> and other companies in germany do similar things? >> this is not forced upon us. we believe it's a good business model. and i think that germany's success as an exp

next, high tech. high risk. and later... >> your name is so familiar. oh, stop hugging me. reporter: rit a braver >> osgood: i'm sorry. i was just checking my cell phone. a reminder of just how disconnected from our surroundings all of these devices can make us. disconnected is one of the milder things some critics say about our push-button companions. our cover story is reported by susan spencer of "48 hours." >> reporter: once upon a time in what seems a far-off land, if you saw someone walking down the street talking to himself, you'd think he was, well, crazy. not anymore. 90% of american adults own cell phones. and whether talking or texting, it seems that 90% of the time they are using them. >> these days the minute that people are alone at a stop sign, at the checkout line in the supermarket, they panic. they reach for a phone. >> reporter: m.i.t. psychologist sherry turkel says high-speed connections have left us more disconnected than ever. >> i study families who are having breakfast together. every member of the family is texting. i study funerals, and people are

the other is the reformed, revitalized downtown, where high-tech and service-sector workers the cheerhe same teamed, in a popular new sports bar. it wasn't always like this. for many years, workers from bootle awoke each day located where the mersey rivere tenters the irish sea,. the region is called merseyside. located where the mersey rivere on the liverpool docks, longshoremen from bootle and other places once came to load and unload the cargo of an empire. man: this is what i'd call an industrial complex. it had all the bits. it had the ships coming into the port through its various dock systems, the goods being unloaded. it had around it all those who packaged and handled. it had the stevedores and the dockers. it had the tarpaulin makers. it had the people who made the barrels. behind them, and in the same area, it had the people who took the products from the docks and put them through one stage of refining. by the middle 19th century, this was one of europe's fastest-growing cities. it was a thriving, bustling hub. in the 1860s, it was pulling immigrants in from ireland, throu

plus, the new high tech glasses that may actually change how you wear glasses forever. >>> are you alwayswitching eye glasses? really annoying. technology might have a solution for you. richard hart reports on the drive to discover the one lens to rule them all. >> i often work at home. i have the computer screen and things to read that are closer. i started off with progressives and i was one of those that liked to have the full lense for whatever i'm looking at. >> david is happy with his new high tech eye glasses. by sliding the bridge he with change lenses without chaining glasss. >> it is real lay come by nation of two lense. the front a rigid normal lense and that has the distance prejim in it. the back is a fluid filled membrane. by moving the leader on the bridge you change the fluid filled membrane from zero to up to plus 2.75 so it has every distance and focal point from optical infinity to close reading. >> kathleen kennedy's for your eyes only is one of the first places in california to offer the new system alongside the array of designer frames she says san franciscoians dema

so just give you one other example, a high-tech example of cell phones. even simple things. if it are a starbucks or a similar copy shop a 12-ounce can a 16-ounce, 20 halves cups of coffee. you notice the lives of the same size of it on up are three different different kinds of inventory. those are constantly happening in this kind of an economy that is what we seek to preserve. that is morality. little things, big things constantly happening. that's the glory of the thing and because are like fish in water, we don't relies that the system is. >> this is your second book written with elizabeth ames. this is "the freedom manifesto" coming out in august 2012. and how caitalism will save us also written with close elizabeth ames. >> elizabeth worked with us in the 1990s and did a lot of writing for us. i did actually work with some radio scripts at a radio show in the 90s, so she understands entrepreneur capitalism, very capable writer and she also helped a book i did before these called the flat tax revolution advocating flat tax. so she got the ability and the knowledge. so i

who was out on a ride on his bike credit >>> in the area man calls it a dream come true grit out a high-tech sued is helping people per allies to walk again. the man at the center of the e n ty is one movie was interviewed by federal investigators. you've seen leaving his home and lost teredo and met with officers this morning. he kept his face hidden and applied to no contest to bank fraud charges in 2009. investigators are looking into whether and that he violated the terms of his probation computers or the internet to present your looking at more protests praye,. the cement that eight american demonstrations are no longer good isolated to the muslim world praye. several people were injured in the clash. the group was are gplugging the u.s. consulate. >>> their bodies i arrived at the air force base yesterday praye. president obama is facing attacks of balancing policy m politics as he campaigns. each data did will appear separately at a farm in florida posted by univision. police in san jose are investigating an accident killed and 8 year-old boy police say he was writing an electric scoo

. >> that's getting a little high-tech. >> is that getting a little high-tech? >> we can explain if you want. in certain classes of buildings, who have what i consider sophisticated owners, they have put in electrified floor and they can lift up the steel plate here, and there is a trench here with wire trenches going out this way. and so they can come in and say, i want an electrical outlet right there where your foot is. and they can open up this plate, run a wire down a sleeve, drill a hole where you're standing, and pop utd a wire -- up a wire, and never go down to the tenant below. they're called monuments. well, here's one. here is a monument. here they are. when they're done and the tenant moves out, they fill these in. at one time, there was a power plug here. and this is where people want to have buildings with the ultimate flexibility. but there's a premium to that. >> there is, yes. >> and there's tradeoffs. you can either pay now or pay later. >> that's right. imagine drilling, going underneath a floor drilling a hole and bringing up a pipe for every

now a corn maze in canada is showing off its high-tech twist. the maze measures seven acres or 312,000 square feet and the design is meant to be a qr code. for those who don't know, qr codes have shown up on virtually everything from pamphlets to cereal boxes and can be scanned with a smartphone with an app to get more information about the product. this corn maze qr code can be scanned as well. it is located in alberta. the farm is famous for its annual corn mazes but this is the first time it's gone with a high tech theme. >> when i see those big mazes, i think of "the shining." >>> it appears the honeymoon is over. what a new poll says. on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. go to our website below to get u-verse high speed internet for just 14.95 a month for 12 months with a one-year price guarantee. it's all the speed you need all at a great price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gate

[both chuckle] >> almost everybody is in ireland, all the pharmaceutical companies, all the high-techompanies. you're stupid if you're not in ireland. >> we noticed that you have an awful lot of companies in ireland. >> yes, we do. >> one, two, three, four, five, six, seven, eight companies in ireland. >> mm-hmm. we do what makes sense to the shareholders. we go where there are incentives in countries that say, "we want you here. we're gonna give you tax advantages. we want you to add jobs here." et cetera. we can no longer, in america, say, "this is how we do it; therefore, you must do it." we've got to change, or we're gonna get left behind. >> an increasingly popular way particularly pharmaceutical and high-tech companies like google avoid paying the 35% is to shift their patents, computer code, pill formulas, even logos from their u.s. bases to their outposts in low-tax countries. >> 100 years ago, if a company would want to relocate, you'd have to pick up the factory, machinery, move everything. today a company can move predominantly all of its assets just on paper. >> you can pu

is inherently are fairly disruptive to the environment the products that are put together in the high tech area use a lot of very noxious chemicals and it's expensive to dispose of those properly but if you go over to china and some of these other third world countries their government doesn't really chair and so what ends up happening is that instead of paying the costs to properly dispose of the by products of these manufacturing processes these companies simply throw the stuff away and poison the land air and water and of course who will go along with that is the people of this too is not capitalism it is not libertarian thought either because the premise of libertarianism is that you may do whatever you like because long as you don't harm anybody else so is there is a little bit of a disconnect here between the concept of being a libertarian and the concept of free trade where the harm just have. and so or words out of your vision it is my assertion that if you inflict harm on another person whether it happens here in the united states or whether it happens in so you know for a warm pl