The daily biscuits. With the June deadline for Steve Job's reappearance as Apple (NASDAQ: AAPL) CEO coming on fast, speculation in the media has begun to build that Jobs will choose to retire. That would be a horrifically bad thing for Apple shareholders, who have done very well of late. Sentiment on Apple is holding strong, so at least some people don't think Steve is bowing out.
Yesterday was a sad day at the Gray Lady. The New York Times (NYSE: NYT) announced a 5% salary cut and 10 days added vacation time for all non-union Times employees and employees of comparable NYT business units. The paper is also planning to ask unionized employees for similar rollbacks. The Times has clearly been hammered by advertising declines, but the wage cuts are often a really bad sign as that induces talent to begin leaping overboard.
News from the Far East, China has apparently built a massive hydroelectric dam at the headwaters of the Indus River, a sacred body of water that traverses Tibet, Pakistan and India. And apparently the Chinese government forgot to tell Pakistan about the dam, as the Pakistanis would likely have not been happy. This is a preview of more and more global squabbles for scarce fresh water resources for human consumption or for power production.
Alex Salkever is the Director of Research at Piqqem.com, a stock prediction community powered by the Wisdom of Crowds.
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Reader Comments (Page 1 of 1)
3-28-2009 @ 9:14AM
Beltway Greg said...
The real Doomsday for RIMM and Palm was when the IPhone was released. Next, the tablet that Apple is developing will destroy the Kindle. Oh, and if you're under 50 you'll probably return the Kindle. Only tech illiterates find it groundbreaking.