Thursday 4 December 2008

 

The latest culture as recommended by our staff

Michael Henderson

Michael Henderson suggests


City Life

Wednesday, 25th June 2008

Childcare costs soar, house prices plunge, and the rich get sued by Mr Riches

Meanwhile, south of San Francisco in the heart of Silicon Valley at Mountain View, where Google has its headquarters, all is not entirely well among those Googlers old enough to have children. The internet company famous for its ad-revenue-driven search engine and online mapping decided last year that its corporate childcare arrangements at a disused local school weren’t quite up to scratch. It set about planning a new scheme, and three months ago it presented plans to the local architecture board for a 46,500 sq ft mini-me Googleplex in nearby Palo Alto. The site is across the street from another new 18,500 sq ft Google daycare facility already under construction. The space per child is very generous — between 186 and 231 sq ft per child versus a legally advised 35-50 sq ft per child. Perhaps understandably, the cost of Googlecare is rising, and the rate of increase is raising eyebrows among Google employees. According to Valleywag, Silicon Valley’s ‘tech gossip rag’, the cost is rising by nearly 70 per cent. Should you be unlucky enough to have two kids in the daycare facility your monthly outgoings would be between $3,420 and $4,780, far above the local going rate and equivalent to hiring a nanny instead. Google’s head of human resources is rumoured to be balking at these prices to the extent of pulling his own children out of the scheme. So much for the company’s logo, ‘Don’t be evil’. Still, not all is lost. If Google is worried about its weekly press clippings, it can always garner hope from Republican presidential candidate John McCain’s admission that he’s using the company’s search engine to research his vice-presidential candidates.

More articles from: Edie G. Lush | this section

Subscribe now

Post this entry to:   del.icio.us | Digg | Newsvine | NowPublic | Reddit

Comments

Post a comment


Your comment:*

Your name:*

Your email address:*
(We won't publish this)

*Required information

Please click the button only once - your comment will not be published immediately


The Spectator Parliamentarian Awards
Spectator Book Club
The Spectator Billabong

In this section

The global currency crisis is still to come

Jonathan Ruffer

Jonathan Ruffer argues that state bail-outs in response to the credit crunch could lead to yet another massive shock: a widespread collapse of currencies, and a new inflation

Is gold still a safe haven?

Matthew Lynn

Ingots are just another commodity

City Life

Robert Beaumont

At last, a fine statue of Brian Clough — but still not even a plaque for Jesse Boot

Related articles

General Motors must be allowed to crash

Matthew Lynn

Matthew Lynn argues that Barack Obama would be wrong to rescue this dinosaur of 20th-century capitalism

‘These clouds will have a silver lining’

Judi Bevan

Judi Bevan meets Sir John Parker, who chairs National Grid and the Court of the Bank of England — and takes an optimistic view of the deepening recession

Chasing dragons: the Chinese army takes up art collecting

Elliot Wilson

Elliot Wilson profiles Poly Group, a company controlled by the Chinese military which uses arms-sales profits to buy back artworks that have been illicitly flogged off abroad

‘Business only thrives when society thrives’

Judi Bevan

Judi Bevan hears the views of Paul Myners, the left-leaning millionaire art collector who has just become Gordon Brown’s City minister

City Life

Richard Middleton

Richard Middleton reports from Reykjavik

Spectator recommends

Sky - Official Site

Build your own Sky package online. Sky TV, Broadband & Talk only £17.

Free Sky Digital Offer - Order Now

Subscribe to Sky from £16 a month. Get free equipment and free broadband - Join Now. Sky HD - be...


Spectator classifieds

ROME CENTRE

PORTA METRONIA, ROME Standing high on the top of one of the seven hills of Rome- the Coelian- this unique

City Breaks. ROME and PARIS

ROME and PARIS: over 350 holiday rentals apartments listed: visit  www.romanreference.com  and  www.parisreference.com or call +39 0648 903612.

Jewellery. RUFFS (Estd. 1904).

Goldsmiths by Design Welcome to Ruffs!  You have found a company of Goldsmiths that specialises in the manufacture, amongst other