. >>> is it silicon valley in name only? what happened to the technology that made it a landmark in technology? good evening, i'm ann notarangelo. tomorrow morning jerry brown will be sworn in for his third term as governor. this might be his toughest term yet. he says education and public safety are his priorities. but as don knapp reports he will have to focus on the economy. >> reporter: rain dreary sacramento offered barely a glimpse of tomorrow's inauguration. the 11:00 a.m. ceremony at sacramento's memorial auditorium promises to be as austere as the weather. a free people's party is planned for the capitol lawn featuring hot dogs, chips and water. it is appropriate for jerry brown's return to sacramento. the deficit is twice the size of the entire state budget in brown's final year as governor in 1983. >> i haven't been here for 28 years but i'm going to do everything i can to make it better. >> jerry is coming in in the unook position. he has always been viewed as being on the cheap side, use been viewed as being rea

. >>> silicone valley got its name from the chips used in computer manufacturing, but the companies inthe valley don't make silicone chips anymore. we see the innovative way that silicone is being used in the region right now. >> reporter: signs point the way to silicon valley but where is it? >> we closed the last manufacturing facility down in 2009. >> reporter: at intel headquarters some of the last pieces of silicone valley chips are in a museum. packed behind glass. now, pieces of history. >> where has it gone? >> it has gone to arizona, new mexico, ireland, israel, china -- >> reporter: the list go on. not that long ago when pioneers and people in bunny suits put it on the map by making this the world center of the semiconductor manufacturing or computer chips they are the brains of all of the electric devices we use today. and all all of that circuits and chips are etched into beds of silicone. >> there is a person in the valley that does not have a chip in their pocket. >> it is still home to the titans of the industry and smaller cutting-edge companies. but the nature of the b

why silicon valley is losing yet another storied grocery store. >>> and after a whole lot of bickering, san francisco is now on the verge of getting some brand-new leadership. the next step to officially appointing an interim mayor. >>> it is 7:30 in the morning, saturday, january 8. good morning. thanks for joining us. i'm anne mackovic. >> i'm jim bernard, in to take a look at your cloudy, school and dry weather pattern for the weekend. looks like a summer pattern across the bay. lots of fog out there on the shoreline, as well as fog over in the central valley. cool temperatures the last few days. they will continue today into tomorrow, before we see mixing in this fog layer, which should bring more sunshine to the area. it's going to be hard to come by today, as you see the fog well entrenched. we'll look for partial clearing through the afternoon, but continued cool throughout the bay area and we'll take a closer look at all these forecast details, coming your way here in just a few minutes. >> i think it's the first weekend we haven't seen rain in sometime! >> we went straight to

the obama administration is likely to pass on a list of complaints from silicon valley.e wang is live in the news room to explain. >> eric, china has recently had strong disagreements with google and hewlett-packard both over sensorship. they hope the u.s. can build common ground but right now the relationship between the two countries can be defined as points of contention but the two countries also need each other. the u.s. rolled out the red carpet when the chinese president arrived yesterday and just about one hour from now the chinese president will arrive at the white house and president obama will host a lavish state dinner for him. but before then the two leaders will be focusing on several issues, the biggest one perhaps trade and economic issues. china owns $1 trillion in american bonds and tech products in silicon valley are manufactured in china. but the asian nation also heavily depends on the u.s. as the largest market for its exports. both presidents are trying to say to both both their populations this is a relationship important for both sides. >> the te

silicon valley listening closely.ur jenelle wang live in the news room with more. >> any tech products bought in silicon valley are manufactured in china. many bay area companies have offices and plants in china with hopes of expanding even more. but the relationship between u.s. and china can be described. ho arrived at the white house in a formal welcoming ceremony. the two have a lot of thorny issues to discuss, including national security. the u.s. is hoping china can help ease nuclear tensions with north korea. trade and economic issues will be discussed with china's currency artificially low, the country can produce cheaper goods to sell overseas which the obama administration says is unfair to american businesses. on the other hand china heavily depends on the u.s. as the largest market for its exports. the two leaders will hold a join news conference about their project this morning. president obama is optimistic. >> we have enormous stake in each other's success in an interconnected world in a global economy.

and this year is also looking like a come back year for silicon valley which is an essential part of bay area business. ktvu's pam cook tells us what local business leaders are saying about a high-tech recovery. >> reporter: for silicon valley san jose business journal and city national bank presenting their yearly regional economic forecast in san jose today. many of the business leaders attending the conference today are optimistic and say they already see signs of life especially in the local economy. >> they were starting to see that the u.s. economy and even more so the economy here in silicon valley is starting to expand and grow at a much faster pace than we've seen in the past few years. >> reporter: he says businesses are expanding particularly those in technology and clean energy and consumers are starting to spend again. this morning the real estate sector delivered some optimistic news. pending home sales rose faster than expected in december for an increase in five of the last six months. however, the numbers are still lower than those of a year ago and locals who have b

is a silicon valley has been on the rebound and consumers are beginning to buy again. silicon valley businesses are now expanding. >>> another bay area fire department is in desperate financial straits. paul chambers explains some of the alternatives that city is considering. >> today fire station 74 was closed. it is something that happens three days each month due to the economic downturn and may close for good. >> i know we need more than the single station scale but it was all we could afford. >> we cannot sustain this level of service with a number of tax dollars. >> reporter: pinole has a few options. one is to have the hercules fire department under their authority. they worked together to pick up calls. another option would be to make the grouping more official under a joint powers agreement but that may not be enough money. >> the possibility of joining other districts is not very good because they are in just as bad of shape or worse than we are. >> reporter: city officials are calling for the public -- calling on the public for input. >> we have seen people

many tech products designed in silicon valley are manufactured in china.ny bay area tech companies have offices in china with hopes of expanding even more. but the relationship between u.s. and china can be described as friend and foe. there are authority issues even so the u.s. is rolling out the red carpet for the president visiting for two days. tonight president obama will host a lavish state dinner for mr. ho who actually will arrive at the white house 30 minutes from now. they will hold a joint news conference later this morning about 10 a.m.. during this visit the two discuss several hot topics including national security. they hope the chinese can ease tensions with north korea. also human rights. but trade and economic issues, the biggest point. with china's currency low, they can produce cheaper goods which they can sell overseas which they say is unfair to american businesses. the u.s. is the largest market for its exports. >> well, my hope is that we have a normal relationship, a very positive, cooperative comprehensive relationship where in so

. >> but that list does not include the silicon valley. see where in the bay area they're looking for fresh faces and why they're bucking a bay area trend in the process. >> it's a huge upgrade to our systems. there are many lines of code that need to be reprogrammed. >> your refund on hold tonight. if you're thinking about getting a heads start on your tax thes weekend you better think of doing something else. the i.r.s. block more than a million california taxpayers from filing until next month. >>> this was rebirthing the trend. silicon valley known for its tech industry and now san francisco could be luring more businesses to set up shop there. why? two reasons. more public transportation and an untapped workforce. nbc bay area's jean elle now live in the city with more on why sales force skipped over the silicon valley and they skipped over oakland, and now are in the 415. jean. >> reporter: raj, salesforce.com could set up its headquarters anywhere in the bay area but tonight the company says that it is committed to san francisco bec

mit has been coming to silicon valley for these tech treks for about 20 years. but for the past few years since the economic downturn started, the focus of these visits has changed. mit's business school is pushing entrepreneurship more than ever before. >> no guaranteed jobs anymore. not in the government, ibm. when i started i worked for ibm and you had a job for life but that's not true anymore. >> the emphasis is on net working. the students are visiting start-ups and large companies like google and facebook.com. >> for guys like this their time is money. for them to take an hour away from their day is kind of a big deal. >> 2011 is supposed to bring job growth. 70,000 new jobs may be created here by 2015. >> a hot bed for new ideas. when ever there is an question boom, you come to the silicon valley -- >> the leadership in insists it not to take opportunities from business students but may create healthy competition. lisa amin gulezian, abc 7 news. >> netflix is getting a button on remote controls. panasonic, sony and other electronic companies will begin s

they range from finance and human resources to neck management and engineering. >> silicon valley isilled with impressive resumes and finding a job hasn't been easy. google's announcement brought a renewed home for many who needed it. >> people's hearts are really broken with this economy. america is so focussed on work and employment as being who you are, for them to be willing to offer it here in the states shows they're dedicated to us. >> but landing one of those coveted jobs will be cough. they like to test applicants, do brain teasers and seeing sat scores. >> it's like getting into stanford and harvard. likely to hire young people not far out of college but they're required to look at all applicants. >> the average age at this employment center is 48. lisa amin gulezian, abc 7 news. >> it's 4:45 now. coming up the search for a missing north bay teacher. why authorities are concerned for her safety. >> it was nice for him. >> a killer's apology. a family's acceptance. next the rare and emotional moment over the murder of a bay area officer. >> plus the major milestone that's be

. >>> economic revival marks the corner stone of president obama's address, and in silicon valley, therenewed sense of hope following google's announcement. the company plans to hire more employees this year than ever before, another 6,000. but as abc7's lisa amin gulezian reports, the jobs may be hard to come by. >> the unemployment rate in silicon valley remains in double digits. that's why google's plan to hire more than 6,000 employees couldn't come at a better time. >> are you going to be applying? >> yes, i will be applying. >> at the state employment development department in sunnyvale, there was a surge of excitement at the thought of working for google. >> it is up lifting for lots of people for the valley and for the country. >> 2011 will be the biggest hiring year in google's history. this thanks to the success of the android phone and the chrome computers. >> they will mostly be looking for engineers, but they will be looking for marketing people and ad sales people. >> the jobs are in 19 u.s. cities and all over europe, asia and the middle east. and they range from finance a

>> i would say we have a nice list of good companies, large and small, from silicon valley to boston and texas. some you would know of from microsoft, google, intel, but also companies in boston, and an ice mix of companies. >> what is a technology policy? >> technology policy is all about technology driven innovation. all the way from education to biomedical to social innovation, things that used technology. those are the things that get our attention. >> so specifically when we talk about issues, let's say net neutrality, what is it that technet does when it comes to net neutrality? >> we take a position and we get in the game of policy. the game of policy can be messy sometimes, so we try to reach a consensus among companies. we try to work with companies that are not even part of technet and try to get a coherent policy in place. we work with the fcc, we work with house committees from congressman waxman to senator rockefeller. >> so what is it technet's position on net neutrality? >> it is interesting, because net neutrality is one of those issues -- it is all how you define net

now, the silicon valley leadership group will be brain storming about this issue tomorrow morning at stanford university. caltrain is expected to declare a fiscal emergency in february. reporting live in san francisco, jean elle, nbc bay area news. >> okay, thank you, jean. >>> tonight, we're dealing with sun and a winter warm-up. chief meteorologist jeff ranieri is live in the weather center with deils with what's coming our way. >> it sure has been nice, and yes, even record setting temperatures today it wasn't hot. it was, you know, mild out there, but for bay area standards, it was record territory in oakland where we did hit 67 today, so why so warm here across the bay area? we have high pressure sitting just offshore and it will not budge over the next couple of days. that's forcing a lot. of dry ai right down to the surface and also a little bit of what we ll compressional heating. so for tomorrow upper 60s for the south bay. d he tin east bay we're looking at mid 6 ts where these temperatures some five to ten degrees above average. i'll detail those temperatures for you comin

mit has been coming to silicon valley for these treks for about 20 years. the past few years since the economic downturn started, the focus of these visits has changed. >> we are teaching them how to create their own jobs as opposed to being dependent on other people to give them a be jo. >> mit's business school is pushing entrepreneur ship more than ever before. >> there are no guaranteed jobs, not in the government or at ibm. when i first started i thought i worked at ibm and had a job for life, but that's not true anymore. >> that's why the extra emphasis is on networking. the students are visiting starts ups and large companies like google and facebook. >> for guys like this, their final is money. for them to take an hour away from their day is a big deal. >> at tonight's mixer in mountain view, potential employers were also invited, and those who showed up didn't comemptynd thated. >> we are certainly hiring. we have seen a big pick up from last year as well as into 2011. >> 2011 is supposed to brung job growth to the -- bring job growth to the valley

silicon valley start up got 8 and half million dollars. that's 4 times more than new england the second place renal for investment. hiring translates into demand for housing. and there's good news on that front, too. san jose mayor chuck reed told business leaders at breakfast event that permit for 1100 housing units have been issued. one of the south bay largest development companies is ready to build housing. >> rents have been down for the last three years. but now they are start to go go up 8 or 9 percent is what most people are predicting so it is getting to the point where it is almost justifies, i say it even justifies new construction. >>reporter: however no signs of broad base recovery. tom warner ceo at sun power says banks are still not lending money. >> lending is a huge factor for employment so broad base lending key metric to look at because i think that creates broad base employment growth. >>reporter: mayor reed says private sector job growth will help to offset government layoffs. >> despite losses in government there were

>> guest: i'd say we've got a nice list of good companies, large and small, from the silicon valley to boston to texas, so, you know, some of the names that you would hear of, that you would know of from microsoft, google, cisco, intel, but also companies like autodesk, a nice mix of companies. >> host: what is a technology policy? >> guest: technology policy is really all about technology-driven innovation. and so all the way from education to biomedical to social innovation, things that use technology. those are the things that get our attention. >> host: so specifically when we talk about issues, let's say net neutrality. what is it that technet does when it comes to net neutrality? >> guest: well, we take a position, and we get in the game of policy. and, you know, the game of policy can be messy sometimes. so we're trying to reach consensus amongst companies, work with our whole sector, even companies that aren't a part of technet, and then trying to get a coherent policy in place. we work with the fcc, we work with the house committees from congressman waxman to other folks, rock

silicon valley startups got 8.5 billion.our times more than new england, the second place region for investments. hiring translates into demand for housing and there's good news on that front, too. san jose mayor chuck reid told business leaders at a breakfast event sponsored by the silicon valley business journal that permits for 1100 housing units have been issued. one of the south bay's largest development companies is ready to build housing. >> rents have been down for the last three years but now they're starting to go up 8 or 9% is what most people are predicting. it's getting to the point where it almost justifies -- i say even justifies new construction. >> there are no signs of a broad-based recovery. tom warner, ceo at sun power, says banks are still not lending money. >> that lending is a huge factor for employment. that creates broad-based employment growth. >> mayor reid says private sector job growth will help to offset government layoffs. >> despite losses in government, sectors were growing. that's a good thi

we have the story. >> he's a classic silicon valley entrepreneur.ded 4 company and invested in another 30. his latest venture is palo alto social gaming network. he says thanks to facebook mark the social experience is giving rise to new business revolution and the market is hot. >> there might not be another 50 billion dollar company but might be 51, billion dollar company around the world built on these types of social mechanic and social platform. >>reporter: these hopeful entrepreneur could be part of that explosion. the nb -- mba student of this management school are annual tech trek to silicon valley. >> first of all it really helps in times of learning, learning about entrepreneur go through, how they start up, how they get mentor, acquiring the initial customers. >>reporter: some of the east coast student get a chance to meet with an executive here at the social giant facebook. but the invite was to student only. no camera allowed. other big company that keep the visit private include google and ebay. the stawnt say every stop offers insight

. >> the 2011 silicon valley international aid toe show began two hours ago. it's packed with hundreds of new cars, crossovers and hybrids. here the public can check out all of the new vehicles under one roof, learn about auto technology and even test drive a few models. tom vacar joins us from the car show in san jose with more. good afternoon, tom. >> reporter: the san jose silicon valley international auto show began its four-day run at 10:00. it's here at the san jose convention center. 400 cars are on display, i ncluding the chevy, the new toyota plug-in prius hybrid, the super-fuel efficient fiesta and even a hybrid bmw for d eep- pocket car buyers, plus all of the high-end exotics. starting tomorrow, there will be a driving. it's all about technology but it's about saving gasoline. >> people are realizing it's more than just one answer. it's not gonna be just gas or diesel or hydrogen fuel cell. it will be a combination of options of what we use for our transportation. >> reporter: a rising economic tide. now last year, u.s. auto buyers purchased 11 mil

it is a game that a lot of people in silicone valley play and some people get paid to do it. we are not talking about the easy stuff, whether or not the ipad 2 will have a camera as leaked video proports to show or facebook will share sells to the public. analysts like jeremiah owyang get paid to figure out the difficult stuff. he tries to figure out what it all means, like how a company can keep its marketing on message in an age of leaked videos and leverage twitter into something that contributes to profit. and the role of the social strategist, someone inside of your company in charge of getting your message out to the world. jeremiah owyang, is partner at altimeter group. strategist is not a word he particularly likes, he wrote on his blog. i don't care whether ipad 2 has a camera. what is ahead in 2011? >> because you are not an analyst. >> i do more than what an analyst does. sarah is not a blogger, she is a writer. i have don't research. that is the core of what we have done. adoption and spending will go up single digit growth in 2011. >> we would expect more. facebo

martin luther king silicon valley luncheon. the black community for its outstanding contributions to san jose. the group was singled out for his roll in setting up the new africa cultural center of silicon valley. [ singing ]. >> and this was the scene today many people celebrating dr. king's holiday by riding the freedom train from san jose to san fransisco. it's a 26-year tradition intended to remind people of dr. king's message of civil rights and equality. as they rode, many sang old spirituals and said the message should never be forgotten. the train continued from san jose to san fransisco for a long day of celebration with thousands of people turning out. . >>> a couple live bird checks out there this evening. first from the golden gate. very foggy conditions, low visibility here. and also from the bay bridge toll plaza. you can barely see the cars coming. this is what you're dealing with tomorrow morning. give yourself time making your way around tomorrow morning. the north bay the delta inland valley, central valley, e

. >>> and we'll explore why so many silicon valley employees say this is a good time to go public. you're watching "today in the bay." rsweetie?ading, her diary. when you're done, i'd love some feedback. sure. your mom and i read that thing cover-to-cover. loved it. thanks. would you mind if i cut the lawn this weekend? only if you let me talk to your mother on the phone for hours on end. done. [ male announcer ] u-verse brings peace to the family. at&t u-verse lets you record four shows at once from any room and play them back on any tv. get u-verse tv for only $29 a month for 6 months. at&t. rethink possible. get u-verse tv for only $29 a month for 6 months. the next, you start one feeling bit off.fine. the moment you feel run down or achy, nip flu-like symptoms in the bud, with oscillococcinum. get oscillo and feel like yourself again. oscillococcinum, nip it in the bud. >>> good morning to you, looking live along the embarcadero there. lots of fog, get used to it, those clouds will stick around. >>> goldman-sachs says tripling the base salaries for it's executives will make inv

worth more than silicon valley giants ebay and yahoo!. >> how much profit?e, how much profit? >> we're not going to answer that. that's the advantage of being a private company. >> want to give us a hint? >> no. >> he didn't want to give a hint but he'll have to at some point. >> there's no doubt about it. at some point zuckerberg's going to give over and kind of show a little more leg. >> reporter: there are things we'll learn beforehand. first, if facebook goes public. secondly, if the numbers are leaked. lastly, if the number of these private investors beforehand actually surpasses 500. that's when the s.e.c. steps in and says, we have to look at these numbers. which is why goldman sachs right now is trying to pull everyone together as one investor. david muir, abc news, new york. >> it's really impressive when you also compare it to other social networks like myspace, which is rumored to be laying off half its staff. facebook continues to grow and even makes an excellent halloween costume. if you remember my halloween costume. >> here at "world news now"

. >>> and an international superstar taking a gig with a silicon valley company. what will i am will be doing at intel. >>> silicon valley high temperature topping up at 70 degrees. it was the seventh day of record warmth. will wednesday be your eighth day? pinpoint forecast as eyewitness news continues on the cw. [ male announcer ] myron needed an mba to turn his technology into a business. so he chose a university where the faculty average over 14 years of experience in their fields... to help him turn a thesis into a business plan and accelerate the path between ideas...and actions. my name is myron sullivan, i'm developing a robotic system to clean up oil spills, and i am a phoenix. [ male announcer ] imagine what a business degree can do for you. with six bay area locations, one is closer than you think. secret a that >>> we have been hearing a lot about bullying lately but there is a nasty little secret about bullying that hasn't gotten a lot of attention. a local study shows that girls are violently targeting other girls and it is getting worse. the contra

silicon valley valley start-ups got $8.5 billion.e than new england, the second place region for investments. hiring translates in demand for housing. good news on that front, too. chuck reid told business leaders at a breakfast event sponsored about by the business journal that permits for 1100 housing units have been issued. one of the largest development companies are ready to build housing. >> rents have been down the last three years but now they're starting to gun 8 or 9% what most people are predicting. getting to the point where it almost justifies -- i said justifies new construction. >> there are no signs of a broad-based recovery. tom warner, ceo at sun power, says banks are still not lending money. >> that lending is a huge factor for employment so that broad-based lending key metric to look at. i think that creates broad-based employment growth. >> mayor reid says job growth will help to offset government layoffs. >> despite losses in government, there were sectors growing, that's a good thing. clean tech is growing rapi

they are silicon valley entrepreneurs engaged in small businesses.is a kickoff event by the white house initiative on asian-americans and presidential advisory commission. it's designed to link people with programs and services. the cofounder of a clean tech firm called sun hydrogen. >> there are so many programs out there, if you really don't know the right person in the department, if you don't have the right connections you get lost. >> there are one million asian-american owned businesses, many don't know about tax credits or loan programs or about helping them get to tap the export market. in an interview with abc7, commerce secretary gary locke who was the keynote speaker says a focus on export will create jobs. >> the more they export the more they produce, the more people they hire. we have so many programs for free that will get buyers and customers for made in u.s.a. goods. >> this summit drew 800 people. >> to give you an idea, what kind of access they are getting, a high level treasury official gave out his direct phone number inviting pe

as russia develops its own silicon valley questions are being raised whether the project is really worth investing in r.t. sophie shevardnadze talks to one of the country's leading i.t. innovators about the project. that's a special mr that means dan thank you for being with us today so why did the authorities decide to build a novation center from scratch rather than use. science cities switch to moscow region alone has quite a number of good i often joke of skin for instance but i know. what beautiful. firstly this innovation center isn't designed to be the same as a science city in soviet times science cities were built in our country as centers for scientific research the way i see it skolkovo is primarily a commercialization center the military industrial complex was the main consumer of products of sciences he's. everything is different its focus is on the junction between applied science and the commercial use of innovative technology products this is due to the fact that the market provides consumers for innovative products and development the consumer being primarily the populat

. >>> some small businesses in silicon valley. a hiring 20 employees and believe small business will drive the rebound. >> if you look at the long-term trends from 1980 to 2005, small business has accounted for all, all the net new jobs created. and so all. so it really is a huge engine in terms of economic recovery. >> all this week a small business seminar has been going on at microsoft mountain view campus. it is a campaign to spread the word about small business loans and tax breaks. more conferences are planned. >>> fearing this day would never come but it looks like it could soon be here. verizon iphones. kiet do shows us why the development could end up benefiting those who decide to stay put with at&t. >> reporter: it is the wall street journal headline frustrated iphone users have been yearning for. verizon finally lands the iphone. >> i'm thrilled because i can get rid of at&t. >> reporter: citing an unnamed source the newspaper said the official announcement from verizon will happen in new york city on tuesday. breaking

the last of a silicon valley hand lark might be thrown away. hangar 1 is already gutted because the walls contain asbestos and lead. in a couple of months, the corrugated windows will be torn off as well, because of potentially toxic sealing. the new republican-led house took millions of dollars in restoration funding for hangar 1, so the navy plans to send those materials to a landfill instead. nasa hopes to come up with the money to save them. hangar 1 was built in 1932 to house the uss macon, an air ship that was nearly 800 feet long. >>> keith olbermann is now out at msnbc. he led the countdown program for nearly eight years. now he and management have agreed to end his contract, ending his final show last night. olbermann said he sometimes felt overwhelmed by controversy. >> there were many occasions particularly in the last two and a half years that all that surrounded the show, but never the show itself, was just too much. but your support and loyalty, if i may use the word encystens ultimately required that i keep going. >> countdown ha

. >> in the silicon valley today we had a high temperature topping at 70 degrees, the seventh day of record warmth. will wednesday be your eighth day? pinpoint forecast as eyewitness news continues on the cw. but your savings accounts are stuck in the stone age! earn more commodore with interestplus savings at capitalone.com. that's new school banking, baby! [ laughs ] instead of earning zilch, your savings will be earning three times the national average. three times more? roger that! go online and sign up at capitalone.com. what's in your wallet?! secret about bullying that >>> we have been hearing a lot about bullying recently, but there's a nasty little secret about bullying that hasn't gotten a lot of attention. a local study shows that girls are violently targeting other girls and it's getting worse. the contra costa county women's commission found that 100% of the elementary schools that responded to the survey said that they had cases of girl on girl violence and it begins as early as 7 or 8 years old. l >> we had to do something about it. if we don't do anything now, in a fe

gianna, thank you. >>> some silicon valley valley news will keep tongues wagging. a new job for google cofounder and the return of meg whitman. let's go to jason brooks with kcbs and cbsmoneywatch.com. >> reporter: the shift in silicon valley yesterday due to major decisions in the board room. starting off with google, cofounder larry page will take over as ceo for eric schmidt who had held that position since 2001. and you got go back to 2001 to think that both page and cofounder sergei brin are both in their late 20s at the time. schmidt came on board to give the company operational direction and in a tweet he says that the adult day-to-day supervision is now over. schmidt will stick around with the company but more in a strategic capacity as executive chairman. and over at hewlett-packard, big changes afoot, as well. four directors out from the board, with five new directors coming on board including former gubernatorial candidate and ebay ceo meg whitman. this mainly coming in response to the ouster of former ceo mark hurd last summer. it's being looked at as a

. >>> looks like the first major initial public offering in silicon valley this year. mountain view-based in linked in announced its plans to start selling stock to the public. the online professional networking site is worth an estimated $2.5 billion. it has 90 million members worldwide. no date for the ipo has been set so far. >> maybe this is a good sign for companies in silicon valley. everybody is waiting for facebook, too. >> i know. >>> 4:46. hot or cold? it could mean the difference when it comes to losing weight. >> plus, where's the beef? you no longer have to wonder. taco bell fesses up to what's really in that taco. >>> plus, it disappeared as quickly as it showed up. this morning, we're unraveling the mystery behind the abandoned grand piano that's getting national attention. ,, ,,,,,,,,,,,,,, that killed 16 people this morning. >>> 4:49. indonesia is dealing with two travel disasters that killed 16 people this morning. three victims died in a crash involving two passenger trains on the main island of joint venture virginia java. one train was struck head

that's silicon valley. now, just for fun, we mapped the san francisco public utility commission's waste water treatment commission. as you can see, a lot of it is along the shore line. so we've used some gis projections and we have had to use a two meter sea level rise because of the base maps we used, but you see a lot of that area would be inundated. even if it's only half as much, there's still a lot of expensive puc infrastructure that's going to be under water. under the heading of sharing the pain, i want to point out that bcdc's objectives will also be hard hit by sea level rise. over the past 40 years, we have required a lot of public access along the shore line of the bay, about a hundred miles of it. and a lot more access has been provided in public parks and through the bay trail. much of this could well be lost. now, after all this talk of doom and gloom, i have to put a caveat in here. bay waters won't rise slowly like -- and evenly like water filling a bathtub. the tide comes in, the tide goes

president obama is expected to present a list of concerns from silicon valley ranging from china's trade to international property violations and creating a level playing field in china for foreign companies. >> i think the residents are going to discuss all subjects among which we will track the intention of the whole world. and commenting some will be beneficial both for america and the united states. >> the two leaders are also expected to talk about nuclear proliferation and the situation with north korea. >> congress puts its legislative agenda on hold in wake of the tucson shootings but now they're back in bills today. debate begins for the new republican house. mortgage rules to repeal president obama's healthcare law. >> it feels like deja vu all over again. members of congress debating president obama's healthcare plan that was signed into law last march. the newly elected house republican majority says voters sent them a mandate. >> we have to pull obama care out by the roots. >> more than half of the healthcare bill have been put in place like allowing adult children to stay o

including several from silicon valley. john chin and paul oath from intel. and tomorrow night obama will host state dinner san francisco mayor ed lee and oakland mayor kwan will be attending that. >>> one more note about trade. a korean industry group opened an office in silicon valley today in anticipation of ratification of the free trade agreement. obama administration signed off on the teal last year. it covers everything from california rice to silicon valley software to u.s. and korean cars. >> move now to california budget crisis. tonight cities across the state are trying to protect money for various projects that they were promised by sacramento. the basic strategy here spend it before they take it. we have the story. >>reporter: the governor laid down a gauntlet last week when he proposed vaporizesing redevelopment agency by eliminating 1.7 billion dollars in funding. fremont city manager fred diaz says the city mobilize quickly and called a special meeting. >> you don't go against the governor in the state of california in a process of warfare but

the silicon valley appears to be high on the administration's list. >> reporter: from his office, he manages his media company. an emerging market internet company with about 20 employees. >> we always talk small. we have a growth strategy. >> reporter: he sits on the white house's commission on asian american. >> to me, these companies, small businesses are core to any long-term sustained economic growth. absolutely. >> reporter: he was one of the participants on the seminar on small business growth on microsoft's mountainview campus. >> we think pretty important what is happening in silicon valley. >> if this community is not plugged into what we are doing in washington what does that mean for the rest of the country? >> reporter: the hope is that the well connected silicon valley set will spread the word about resources such as small business loans and tax breaks to help spur economic growth. >> if you look at the long-term trends over from 1980 to the period 2005, small businesses accounted for all -- all the net new jobs created. and so all. so it really is a huge engine in term

. >> the silicon valley international auto show is back. all the big car names are here.ey are all pushing the newest and coolest feature features. >> paparrazi touch screens and voice navigation systems are considered commonplace these days. that's why the 2011 consumer is looking for something else. >> people are coming to the auto show and not saying what is in that car. what is that model have. what color. they are saying what is the miles per gallon. what can i save at the pump. >>reporter: in a time when gas prices are rising and expected to jump another 33 percent this spring, fuel efficiency is the focus at this year auto show. >> we are lacking for combination of gas mile annual and comfort. >> this uses electricity to. >>reporter: the chevy volt arrived in california last month and several dealerships sold out. >> they an charge the battery pack without using a drop of fuel. so we are really moving into that kind of direction where we can have vehicle that don't utilizes any fuel. >>reporter: volt and prius the only plug in hybrid on this showroom floor. toyota

next he discusses russia's efforts to build his own silicon valley with a leading id in a fight. why did the authorities decide to build a novation center from scratch rather than use stakes in science it is switched to moscow region alone has acquired a number of. firstly this innovation center isn't designed to be the same as a science city in soviet times science cities were built in our country as centers for scientific research the way i see it skolkovo is primarily a commercialization center the military industrial complex was the main consumer of products of sciences he's. everything is different its focus is on the junction between applied science and the commercial use of innovative technology products this is due to the fact that the market provides consumers for innovative products and development the consumer being primarily the population itself. therefore the infrastructure of the existing science cities doesn't adequately meet the requirements for these objectives it is more often costly to reconstruct than to build from scratch. left his thirty years have high exp

i'm each week on the show we bring you silicon valley news makers partnered up with the absolute best tech reporters in the nation. but those newmakers and reporters have families with whom they like to spend the new year's weekend, so this week i offer you a best of. let's start with a clip from the interview we did with san francisco giants' president larry bear before the 2010 season got under way. we wondered if the giants would be able to get any attention if they kept losing. little did we know. "the san francisco chronicle" once said of las vegas, every major decision the club has made from signing bear bonds to the price of garlic fries has his fingerprints all over it. john schwartz of "usa today." normally we just launch into it but i want to give a couple quick things here. number one, kntv, this television station, is the broadcast home of the giants on division. i also work for knbr, which is the radio home of the giants. that said, you're not at at home stadium. this is going to be any question we want. we request love the giant, hate the giants but it will be standard j