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Silicon Valley Bank
unworthy of bailout

Silicon Valley Bank does not warrant a bailout. Tech startups and VCs trying to make their buck aren’t critical to our societal well-being.

The failure of SVB has shown the weakness of the overpromising, razzle-dazzle tech sector that has been flaunting sane market fundamentals for years with excessive speculation funded by cheap credit, continuous investment and hope. The people who have lost out in the SVB collapse are wealthy, speculative, selfish and short-sighted, and I don’t believe any of them deserve sympathy for their losses; those losses are lessons for them to learn from.

Tech needs this correction to start to rein itself in, and that includes the investor class that’s been wildly pumping it for years.

Mathew Clark

Los Gatos should tap
local talent to fix deficit

Re. “Projected annual budget deficit grows by $1 million” (Page B7, March 5).

Yet another story about Los Gatos’ massive annual deficits, yet another story, unfortunately, lacking evidence of any serious consideration of cuts to nonessential services, reductions in subsidies to noncritical activities, or the merger or consolidation of service units.

Indeed, a story about one month ago on the Town’s Priority Setting indicates it is headed in the opposite direction. It is troubling, too, that these stories continue to portray the legalization of cannabis stores within the town’s boundaries as a panacea. There is no definitive evidence they would bring in the claimed amounts, which often neglect associated expenses.

Regarding revenue, a quick look at the town’s budget makes clear the town’s two major revenue sources are property and sales taxes. It’s time to take advantage of the business/accounting experience on the Town Council and thoughtful people on town advisory bodies to develop some creative ideas to boost these two revenue sources.

Jean-Marc Blanchard
Los Gatos

Play reflects women
reclaiming their stories

Thank you for your preview of the terrific musical “Six” (“Angry, crooning queens,” Page G3, Feb. 16).

We saw “Six” at the Orpheum Theatre and loved it. The irresistible title track had half the audience singing along, including our children. Our 13-year-old son, Sammy, also enjoyed the techno-inspired song “Haus of Holbein,” while the emotional apex of the play, Jane Seymour’s powerful ballad “Heart of Stone,” moved our 10-year-old daughter, Sophie, to tears.

In between, the various songs and imagined colorful exchanges between Henry VIII’s queens offered not only an engaging history lesson on …read more

Source:: The Mercury News


Letters: Unworthy of bailout | Local talent | Reclaiming stories | Hydrogen cars | Incremental change

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