Steve Jobs of Apple talks about how he’s tried to live his life, and how health concerns got him thinking about death. His words were part of a commencement address at Stanford University in 2005. Jobs died on Wednesday. He was 56. (Oct. 6)
Continue reading …Much like Walt Disney, the legacy of America’s great entrepreneur, Steve Jobs, is strong. But is it powerful enough to keep Apple moving ahead with as much force as it has over the past decade? Robert Ray reports from Chicago. (Oct. 6)
Continue reading …Much like Walt Disney, the legacy of America’s great entrepreneur, Steve Jobs, is strong. But is it powerful enough to keep Apple moving ahead with as much force as it has over the past decade? Robert Ray reports from Chicago. (Oct. 6)
Continue reading …enlarge Take that pitchfork down to Wall Street, man! Good news, my fellow Americans: You don’t have enjoy drum circles or want to free Mumia to support Occupy Wall Street! And there’s a simple reason for this: Our political and economic elites have screwed all of us, not just out-of-work twenty-somethings. How have they done this, you ask? Let us count the ways: First, our political and business leaders have cheered on the decimation of America’s manufacturing industries through trade pacts that open up American workers to competition from countries where workers have no rights and are paid something like negative-five billion cents per year. This has not only led to the destruction of millions of middle-class jobs but has given America an absurd current-account deficit where we basically import cheap crap from China and don’t make much of anything ourselves anymore. See this graph: enlarge At the same time our politicians and business leaders pursued policies that benefited the super rich at the expense of everyone else. Think income tax cuts, capital gains tax cuts, the repeal of Glass-Stegall , the deregulation of derivatives and the creation of a billion-zillion-katrillion loopholes in the tax code that let the super rich get away with paying fewer and fewer taxes. The result has, quite predictably, been a rise in income inequality See this graph: enlarge To cover up the stink of good jobs disappearing and real wages stagnating, our politicians and business leaders assured us not to worry since we had access to all kinds of cheap crap and, even better, we could exponentially expand our credit through the miracles of modern finance! So even if you go deeper and deeper into debt to maintain your lifestyles and to pay for college and medical expenses, don’t sweat it! You can always take out a home equity line of credit to pay the bills since home prices always, always, always go upupup and you can just sell your house for a higher price if all else fails! See this graph: enlarge Except… ooops. Housing prices are plummeting… enlarge …and now you’re stuck with a paying a mortgage on a house that is worth far, far less than it was just last year. (Note to my conservative friends: This isn’t just a subprime problem for shifty inner-city layabouts. One-third of all prime mortgage loan borrowers are underwater as well.) And this, then, is more or less the face of America in 2011: We’re basically a nation of former factory workers who now work as Walmart greeters. As if that weren’t bad enough, we are getting tossed out of our homes and are living in fear of coming down with any sort of illness because our crappy part-time job doesn’t provide us with health insurance. And the reason we got ourselves into this mess in the first place is because we followed the advice of our best and brightest business and political leaders. I mean, if you can’t get pissed off about that you can’t get pissed off about anything.
Continue reading …enlarge Take that pitchfork down to Wall Street, man! Good news, my fellow Americans: You don’t have enjoy drum circles or want to free Mumia to support Occupy Wall Street! And there’s a simple reason for this: Our political and economic elites have screwed all of us, not just out-of-work twenty-somethings. How have they done this, you ask? Let us count the ways: First, our political and business leaders have cheered on the decimation of America’s manufacturing industries through trade pacts that open up American workers to competition from countries where workers have no rights and are paid something like negative-five billion cents per year. This has not only led to the destruction of millions of middle-class jobs but has given America an absurd current-account deficit where we basically import cheap crap from China and don’t make much of anything ourselves anymore. See this graph: enlarge At the same time our politicians and business leaders pursued policies that benefited the super rich at the expense of everyone else. Think income tax cuts, capital gains tax cuts, the repeal of Glass-Stegall , the deregulation of derivatives and the creation of a billion-zillion-katrillion loopholes in the tax code that let the super rich get away with paying fewer and fewer taxes. The result has, quite predictably, been a rise in income inequality See this graph: enlarge To cover up the stink of good jobs disappearing and real wages stagnating, our politicians and business leaders assured us not to worry since we had access to all kinds of cheap crap and, even better, we could exponentially expand our credit through the miracles of modern finance! So even if you go deeper and deeper into debt to maintain your lifestyles and to pay for college and medical expenses, don’t sweat it! You can always take out a home equity line of credit to pay the bills since home prices always, always, always go upupup and you can just sell your house for a higher price if all else fails! See this graph: enlarge Except… ooops. Housing prices are plummeting… enlarge …and now you’re stuck with a paying a mortgage on a house that is worth far, far less than it was just last year. (Note to my conservative friends: This isn’t just a subprime problem for shifty inner-city layabouts. One-third of all prime mortgage loan borrowers are underwater as well.) And this, then, is more or less the face of America in 2011: We’re basically a nation of former factory workers who now work as Walmart greeters. As if that weren’t bad enough, we are getting tossed out of our homes and are living in fear of coming down with any sort of illness because our crappy part-time job doesn’t provide us with health insurance. And the reason we got ourselves into this mess in the first place is because we followed the advice of our best and brightest business and political leaders. I mean, if you can’t get pissed off about that you can’t get pissed off about anything.
Continue reading …President Dmitry Medvedev told Syrian leader Bashar al-Assad on Friday to either reform or resign while warning that Russia would resist outside attempts to force him from power. Medvedev said three days after Russia and China sparked global outrage by jointly vetoing a US resolution on Syria that he wanted to see an end to the violent crackdown on protesters as much as Europe and the United States. “Russia wants as much as the other countries for Syria to end the bloodshed and demands that the Syrian leadership conduct the necessary reforms,” Medvedev said in televised remarks. “If the Syrian leadership is unable to undertake these reforms, it will have to go. But this is something that has…
Continue reading …Wonder just how much it costs to phase out iDEN and WiMAX networks and put all your eggs in one, CDMA / LTE-flavored basket? Well, Joe Euteneuer, Sprint’s CFO, just offered up a frank answer here at its ” Strategy Update ” event: $10 billion over the next two years. Ultimately, he assures all the suited-up financial analysts in the room, the company should save $10 billion to $11 billion through 2017 (as that handy slide up there breaks down), with $4 billion of that resulting from not having to maintain the ‘ol ball and chain iDEN network anymore. Now it’s true, we’re a minority in this meeting of industry analysts, but you don’t need to be a banker to understand that’s one telling figure: clearly, the company’s betting its future not just on the (CDMA!) iPhone, but LTE’s brand of 4G. The cost of switching to LTE? Sprint to spend $10 billion over the next two years originally appeared on Engadget on Fri, 07 Oct 2011 12:17:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …At the top of Friday's NBC Today , co-host Matt Lauer wondered if a joke by Republican Massachusetts Senator Scott Brown in response to a jab by Democratic Senate candidate Elizabeth Warren was a “comeback or insult” and noted that “women's groups are giving him a big dressing down today.” In a later tease of the story, fellow co-host Ann Curry proclaimed: “A senate race in Massachusetts has turned ugly and personal.” Lauer summed up the situation this way: “…during a debate, a potential Democratic challenger took a shot at Republican Senator Scott Brown for saying that he had to pose nude in Cosmopolitan magazine way back in 1982 to pay for school. Brown's response is now what's drawing a lot of heat.” Introducing the segment on the trade of barbs, Lauer again emphasized how the Senate race was “turning personal,” as the headline on screen read: ” Cosmo Controversy; Senate Battle Turns Nasty Over Nude Photo Spread.” In the report that followed, Correspondent Kelly O'Donnell described how Warren quipped that she had “kept her clothes on” to pay for her education and that Brown later responded by remarking, “thank God.” O'Donnell observed: “Rarely do two simple words cause such an uproar.”
Continue reading …This year’s Nobel Peace Prize has been awarded to three women the Nobel committee wants to reward for “their non-violent struggle for the safety of women and for women’s rights to full participation in peace-building work.” The prize will be shared between Liberian leader Ellen Johnson Sirleaf, who is Africa’s…
Continue reading …Type: Book Title: Diary of a Wimpy Kid: Cabin Fever See all customer reviews Product Description: Greg Heffley is in big trouble. School property has been damaged, and Greg is the prime suspect. But the crazy thing is, he’s innocent. Or at least sort of. The authorities are closing in, but when a surprise blizzard hits, the Heffley family is trapped indoors. Greg knows that when the snow melts he’s going to have to face the music, but could any punishment be worse than being stuck inside with your family for the holidays? See the details
Continue reading …