Shares of Apple dipped below the $400 mark for the first time since December 2011 amid concerns over slowing sales. Its shares fell as low as $398.11 in Wednesday trading, before ending the day down 5.5% at $402.80. The concerns were triggered after one of its suppliers, Cirrus Logic, which makes sound components for the iPhone and iPad, reported a decline in sales. With Apple due to release its latest quarterly results next week, some fear the numbers may be underwhelming. According to various estimates, demand from Apple accounts for nearly 90% of Cirrus´s revenue.
They got nothing new. The stock got to a high of about $699 back around Sept 2011 then has fallen steadily since. They are also building a huge new office building of around 2.5 million square feet that has ballooned up in price from $2 billion to over $5 billion.
Man, aren´t we spoiled about Apple! They revolutionized computing with the original Apples, then with the Mac, invented laptops with the keyboard against the screen and a trackball or pad in front, took over the MP3 player market with the iPod, revolutionized digital music sales with the iTunes store, revolutionized cellphones with the iPhone, and practically invented tablets with the iPad. But hey, what have done since 2010? Slackers!
And those cost-overruns on the new campus will be crippling hit on their ever-growing cash horde of $140 billion.... Oh wait, no it won´t.
Reply 3 - Posted by:
Pete Stone, 4/18/2013 1:05:36 AM (No. 9281751)
During the late Seventies and through the Eighties, Apple revolutionized personal computing thanks to Wozniak and other technical geniuses. The Apple IIc and //e were really good machines. The Mac was okay except for its tendency to crash -- a lot. Then the company´s emphasis changed to marketing and catering to smug trendoids. That was Steve Jobs´ way of doing things. The Woz was long gone by the Nineties. Lately all Apple has done has been superficial. Patenting a square shaped phone with rounded corners and then suing Samsung? Come on!
The feds will spend just about $10,000 subsidizing health insurance costs for a poor, middle-aged man who lives in Georgia - and just $3,000 buying the same guy in nearby Tennessee a near-identical plan. This is the weird world of financing the Affordable Care Act, where the prices that the insurers charge for health care directly impact how much Obamacare will cost the federal government. John Graves, a researcher at Vanderbilt University, has spent some time toying around with data on premium rates across the country. The federal government has made this data accessible through the HealthCare.gov site. It will
Hospitals, a reliable source of employment growth in the recession and its aftermath, are starting to cut thousands of jobs amid falling insurance payments and in-patient visits. (Snip) This month, Indiana University Health laid off about 900 workers as part of a move to trim its budget by $1 billion over five years. Vanderbilt plans to eliminate 1,000 jobs by year-end to help shave operating costs 8% a year. And the Cleveland Clinic is offering buyouts to 3,000 employees as it shaves its annual operating costs by $330 million. "This is a challenging time for the health care industry," says
Detroit - The hollow hulk of Detroit´s once majestic train station draws a steady stream of tourists to see how far the mighty Motor City has fallen. The Beaux Arts building was the tallest railway station in the world when it was built in 1913, and its 18-storey office tower once housed more than 3,000 workers. Abandoned to the elements -- and to vandals who smashed its windows, spray painted its yellow brick walls and stole its brass fixtures, marble and decorative railings -- Michigan Central escaped demolition largely because the city lacked the funds for such a monumental task.
WASHINGTON - The U.S. administration has a little over a month to fix the technology problems crippling its online health insurance marketplace, or jeopardize the goal of signing up millions of Americans in time for benefits under President Barack Obama´s healthcare law, experts said on Thursday. (Snip) Poor turnout in enrollment would provide further ammunition for Republican foes of Obamacare, whose efforts to kill the law have culminated in a federal government shutdown that began on Oct. 1, coinciding with the launch of the health insurance exchanges nationwide. Already on Thursday, Republican lawmakers in Congress launched a new investigation into
PHILADELPHIA - Jason Lahoz is a parking attendant in Philadelphia with two small children. He is also one of nearly 50m Americans without health insurance. He hopes to change that. He recently visited the “Independence Express” bus; Independence Blue Cross, a local insurer, is promoting coverage under Obamacare. Mr Lahoz was told he would qualify for public subsidies to buy insurance. “That would be perfect,” he said, “if that’s actually true.” He could not find out, however. Like millions of Americans who tried to use healthcare.gov, the new Obamacare website, in its first week of operation, he found that it
WASHINGTON — Starting in about a decade, Kingston, Jamaica, will probably be off-the-charts hot — permanently. Other places will soon follow. Singapore in 2028. Mexico City in 2031. Cairo in 2036. Phoenix and Honolulu in 2043. And eventually the whole world in 2047. A new study on global warming pinpoints the probable dates for when cities and ecosystems around the world will regularly experience hotter environments the likes of which they have never seen before. And for dozens of cities, mostly in the tropics, those dates are a generation or less away. "This paper is both innovative and sobering," said
Those who want to sign up for Obamacare will have to do so by around Valentine’s Day in order to avoid tax penalties, roughly six weeks ahead of the March 31 deadline originally stated. The currently uninsured will need to be covered by March 31 in order to avoid tax penalties but in order to accomplish that, signups must be completed by around mid-February and coverage would then be initiated by March 1. Originally reported by Associated Press, the news service cites Jackson Hewitt Tax Service and an unnamed official with President Barack Obama’s administration as the sources for the
Three brothers allegedly orchestrated seven armed robberies in St. Paul this summer that duped would-be buyers responding to fake Craigslist ads for cellphones. No one was hurt in the robberies that took place between June 5 and July 1, but 11 victims were robbed at gunpoint of cash, cellphones and keys. Six suspects charged in Ramsey County District Court in connection with the robberies are: • Mark A. Smith, 27, of St. Paul, three counts of first-degree aggravated robbery. • Jonathan D. Smith, 23, residence unknown, four counts of first-degree aggravated robbery. • Charles Noel-Deandre Edwards, 18, of Maplewood, four
At the beginning of 2014, there may be millions of full-time workers who transition to part-time status. The surge in part-timers is expected for two reasons. First, many believe the Affordable Care Act, commonly called the ACA or Obamacare, has resulted in companies cutting employee hours to get around providing health care to employees working more than 30 hours a week. (Snip) Workers who choose to reduce their own hours may end up faring better financially by paying lower premiums offered to part-timers through government exchanges ra ther than working a few more hours and purchasing health care through
On Sept. 30, the day before the shutdown, the Weekly Standard´s great reporter-pundit John McCormack made a short yet complicated argument against Republican intransigence. The party, he wrote, could expect Obamacare to collapse under its own weight. But it shouldn´t distract from the system´s failures by causing the rest of the political system to sputter. "Republicans will have a good shot at passing real reform—so long as they avoid blundering into a government shutdown that will not stop Obamacare but will only lend credence to false Democratic claims that the problem with Obamacare isn’t the law itself but rather GOP
Back in March, at an insurance industry conference in Washington, the problems were apparent. Henry Chao, chief information officers at the Centers for Medicare and Medicaid Services openly fretted that the exchanges wouldn’t be ready by October. “I’m pretty nervous—I don’t know about you,” he told the crowd. “Let’s just make sure it’s not a third-world experience.” At the time, Chao’s comment seemed like an attempt at dark humor. One week into the launch of Obamacare, however, it’s not a joke: it’s literally easier to blog from the Kenyan border than to sign up for insurance on Obamacare’s federal exchange.
Washington - Problems with the main "Obamacare" website, HealthCare.gov, have dominated headlines since the site opened for business on Oct. 1. But another problem is surfacing: Some consumers who have been buying their own insurance are getting cancellation notices – and offers for insurance at dramatically higher rates. There are multiple reasons this is happening. First, the Affordable Care Act (ACA) sets minimum standards for benefits, including mental-health and substance-abuse treatment, maternity care, prescription drugs, and rehabilitative care, which were not included in many of the old plans. Also, insurance companies are now required to take all comers, regardless of
The rights of a transgendered Colorado high school student are being put ahead of girls the boy harasses in the girls bathroom. A male student at Florence (CO) High School who claims to be transgendered has caused controversy by harassing female students in the girls room, but will not face any discipline – this despite vocal protests from the girls’ parents. ‘The boy’s rights as a transgender trump their daughters’ privacy rights,’ the school has told concerned parents, according to CBN. Unidentified because all involved are minors, the students are being threatened with removal from sports teams or even hate crime charges
Jen Senko is a filmmaker who watched in horror as her father slowly came to believe the extreme right-wing lies of Rush Limbaugh and other conservative media mavens. Now she’s making a documentary about it calledThe Brainwashing of My Dad. Senko’s first documentary, Road Map Warrior Women, won recognition with several festival awards. Her most recent film, The Vanishing City, co-directed with Fiore DeRosa, exposes the economic policies that have made New York a city for the rich. The Vanishing City won Best Feature Documentary in the Williamsburg International Film Festival, Best Short Documentary in the Harlem International Film Festival, and
On health care, the president´s pile of broken promises keeps getting higher. Consider this gem from Aug. 20, 2009: “Let´s be clear about the fact that nobody has proposed anything close to a government takeover of health care.” Well, yes, somebody did. President Obama is now well on his way to orchestrating the federal government´s takeover of Americans´ health care. Commandeering the resources of major federal departments, particularly the Department of Health and Human Services and the IRS, the administration and its allies in Congress have created numerous federal bureaus, commissions and programs and have issued thousands of pages of rules, regulations,
The Los Angeles Times headline said it all: "Rep. Paul Ryan Fails to Close Republican Divide." When this became Ryan´s job, or whether his now "controversial" Wall Street Journal op-ed was even an attempt at doing that, is anyone´s guess. But once again, Republicans have decided to cannibalize themselves viciously and needlessly instead of uniting over common goals. To be clear, the divide on the right isn´t over policy. No Republican I´ve met thinks Obamacare is good legislation. No one is suggesting capitulation on the debt ceiling. Everyone wants spending cuts, entitlement reform and deficit reduction. Where we´re divided is over tactics. Incidentally, Ryan
It’s a buyer’s market for President Barack Obama. With House and Senate Republicans preparing competing proposals to end the government shutdown and avert a default on the nation’s debt, Obama hasn’t shown any inclination to jump at the first offer. The plan House Republicans presented to the White House on Thursday night wasn’t enticing enough, and there is a sense in Washington that the GOP’s scramble to avoid further political pain from this latest fiscal crisis will give Obama plenty of opportunity to define the terms of a settlement. At this point, White House officials won’t even describe
Good morning. Over the past few days, I’ve met with Republicans and Democrats from both houses of Congress in an effort to reopen your government and remove the dangers of default from our economy. It’s a positive development that House Republicans have agreed on the need to avoid the economic consequences of not meeting our country’s commitments. Because once the debt ceiling is raised, and the shutdown is over, there’s a lot we can accomplish together. We’ve created seven and a half million new jobs in the past three and a half years. Now let’s create more. We’ve cut our deficits in half over
Boston – A possible glitch in a computer system upgrade was causing major problems nationwide with the Electronic Benefits Transfer System on Saturday, as a countless number of shoppers found themselves stranded at the register. Reports from around the country began pouring in around 9 a.m. on Saturday that customers’ EBT cards were not working in stores. The glitch, however, did not appear to be part of the government shutdown. At 2 p.m., an EBT customer service representative told CBS Boston that the system was currently down for a computer system upgrade. The representative said the glitch is affecting people
Sens. Ted Cruz (R-Texas) and Mike Lee (R-Utah) and former Alaska Gov. Sarah Palin (R) attended a rally protesting the closure of the World War II Memorial, according to reports. The lawmakers and the former governor – and 2008 GOP vice-presidential nominee – joined a crowd that removed barricades at the memorial and chanted “tear down these walls,” according to Washington, D.C., radio station WTOP. (Snip) The presence of a Confederate flag at the protest, which later moved to the White House, sparked an uproar on Twitter.
Police officers in Los Angeles have long faced accusations of institutional racism, but now it appears their dogs may be unjustly discriminatory, too. A new report focusing on the Canine Special Detail of the LA Sherriff’s Department (LASD) has uncovered a vast increase in the number of minority individuals bitten by police dogs since 2004. And in the first six months of this year, every single victim of a bite by a LASD dog was African-American or Latino.The data was published in a new report by the Police Assessment Resource Centre (Parc), a Los Angeles-based non-profit organisation, devoted to “advancing effective
House Republicans were furious with Senate Republicans and President Obama on Saturday for trying to cut a debt ceiling deal that leaves them out in the cold. Members emerged from a conference meeting saying Obama had double-crossed them by breaking off talks in order to shop for a better deal from the Senate GOP. They said the deal, formulated by centrist Sen. Susan Collins (R-Maine.), would never get House GOP approval. “They are trying to jam us with the Senate and we are not going to roll over and take that,” House Budget Committee Chairman Paul Ryan (R-Wis.) said after a GOP
Elizabeth Smart is making the rounds, flogging her new book My Story (written with Congressman Chris Stewart). Smart is, of course, the beautiful Mormon girl who in 2002 at 14 years old was abducted for nine months by evil lunatic Brian David Mitchell and his wife. Then, miraculously, she was found and reunited with her family. Today, she’s married and says she “couldn’t be happier.” She does good work fighting human trafficking and speaking to sexual abuse survivors. I’ve always been kind of fascinated with Smart. (Snip) Her kidnappers dragged her around the country, chaining her up like an animal
WASHINGTON — In March, Henry Chao, the chief digital architect for the Obama administration’s new online insurance marketplace, told industry executives that he was deeply worried about the Web site’s debut. “Let’s just make sure it’s not a third-world experience,” he told them. Two weeks after the rollout, few would say his hopes were realized. For the past 12 days, a system costing more than $400 million and billed as a one-stop click-and-go hub for citizens seeking health insurance has thwarted the efforts of millions to simply log in. The growing national outcry has deeply embarrassed the White House, which