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For those interested in an outside view and capable of German, "tagesschau" (flagship news programme on German TV) today aired two stories on this topic:

Die Verlierer im Silicon Valley (The losers in Silicon Valley) http://www.tagesschau.de/wirtschaft/siliconvalley100.html

Erst ist das Haus weg, dann der Job, dann die Kinder... (First they lost their house, then their jobs, then their children...) http://www.tagesschau.de/ausland/weltspiegel382.html

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