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Step by Step: How Elon Musk Built His Empire (by Anna Vital)“The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. Tomorrow’s champions will not win by competing ruthlessly in today’s marketplace. They will escape competition altogether, because their businesses will be unique.”– Peter Thiel in “Zero to One” In the bookZero to One, prominent entrepreneur and investor Peter Thiel shares his vision on what it takes to create an extraordinary company. Specifically, Thiel believes that instead of making incremental upgrades to an existing product or service, a company must aim to do something completely new to avoid ruthless competition. While Thiel has worked with many impressive people over the years, Thiel points to Elon Musk as a particularlysuccessful memberof the Paypal Mafia that has gone “zero to one” many times. THE RÉSUMÉAt only the…

Hostage-taker killed as crisis ends

From the Philippine Daily Inquirer.

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MANILA, Philippines – (UPDATE 6) It’s over. The hostage crisis that gripped the world for at least 10 hours Monday ended with at least three people killed, including the hostage-taker, and 17 survivors, according to reports culled by INQUIRER.net.

The body of dismissed Senior Inspector Rolando Mendoza was recovered inside the tourist bus that he took over in Manila about 9 a.m. He was taken to Ospital ng Maynila. Also taken to the same hospital were seven of the hostages, five of who are alive and two dead.

Five – one in critical condition and one dead – are at the Manila Doctors’ Hospital while one confirmed dead is at San Juan De Dios.

Mendoza who was charged with drug-related offenses, took over the bus with 22 Chinese nationals and three Filipinos and demanded his reinstatement into the force.

Aside from Mendoza, two of the hostages were also killed although Metro Manila Police Director Leocadio Santiago in an interview with CNN refused to confirm this.

Santiago said there were 17 survivors – nine having been released by Mendoza earlier on Monday and eight walking off after the police had secured the bus.

Reporters at the scene saw five hostages come out alive, one was unconscious and three were dead, including Mendoza.

In a separate press interview, Superintendent Nelson Yabut who was part of the 30-man assault team said they were initially unable to enter the bus because Mendoza had the hostages lined-up and leaning on the bus windows.

“He [Mendoza] used them as a shield,” Yabut told reporters. He added that they also had to pull back during the downpour.

Yabut said Mendoza was standing at the back of the bus and ran towards the front after seeing members if the assault team trying to enter through the rear.

“Parang tatakas [It looked like he was attempting to escape],” Yabut added.

A sniper opened fire at Mendoza who was hit on the right temple, Yabut said.

Before this, Yabut said Mendoza also fired back at the assault team and hit a policeman on the head although he survived the attack.
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Full story at the Philippine Daily Inquirer.

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