Apple Tells Investors That Steve Jobs Plans to Return- For the last nine months, Apple has refused to get into specifics about the well-being of its chief executive, Steven P. Jobs, even as he said last month that he was taking a six-month leave of absence to deal with health problems. On Wednesday, the company’s shareholders had their chance to press for more information — but they did not get far. At its annual shareholder meeting here on Apple’s corporate campus, run by the chief operating officer, Timothy D. Cook, the company responded to inquiries about Mr. Jobs by saying that he still planned to return to the company in June. “He is deeply involved in all strategic matters and has delegated day-to-day authority to Tim Cook and his team,” said Arthur D.
Levinson, a co-lead director of Apple and the chief executive of
Genentech. “That’s where it stands.”
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Today's unemployment report just confirmed the dismal jobs situation. The dubious statistic, which the media report as 'factual' but is heavily massaged, would indicate that the real unemployment is closer to 15%. All the productivity increases are making more workers unnecessary.
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Today
NYT had a good article on the main catalyst for the sub-prime mortgage boom-
HSBC's purchase of Household International. Interesting read.
The Deal That Fueled Subprime.
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