Living Under Rocks

I found this an interesting read. Not for the headline;

Apple’s Cook is second most favorable tech CEO in poll of registered voters

… but rather for some of the comments in the body …

  • “About four out of 10 respondents (39 percent) said they view the Apple leader favorably. Most of the rest (44 percent) said they hadn’t heard of him or have no opinion.” (love to know the detail of that split.)
  • “12 percent said they hadn’t heard much about the Apple controversy, and another 12 percent said they’d heard nothing about it.
  • “when respondents saw some of Apple’s arguments laid out before them, they grew more likely to support the tech giant’s position in the debate.”

Bottom line – ask people who know nothing about a case what they think and you get the answer you would expect. George Orwell’s Groupthink comes to mind.

 

Clickbait

This kind of stuff just pisses me off …. under the main headline

Apple Inc.’s (AAPL) Post-iPhone Future: Tim Cook Eyes Watches, Cars, TV — But Can He Get There Fast Enough?

(full article) – we read …

With smartphone sales declining and its stock price sliding, Apple is suddenly in search of new revenue streams as Wall Street watches impatiently.

Seriously ?

In the self same article they shared this graphic …
1.jpg

The data is extracted from Apple’s own web site …

2.jpg

last time I looked 48 plus 47 plus 61 plus 74 is greater than 39 plus 35 plus 43 plus 51 ….

You Either Have It … Or You Don’t

The full title of the original article is : “Age of the Unicorn: How the Fed Tried to Fix the Recession, and Created the Tech Bubble” 

Its the article I have been wanting to write … meaning to write … and then not writing it. But Doug did an excellent job – and way better than I would aspire to – much less do. I was taken with this closing quote – but really click through and read the whole thing.

Congressional Republicans’ eagerness to slash Amtrak funding by $242 million got some headlines, but the railroad’s $1.3 billion current level of federal funding was none too generous to start with. But Uber has had no problem raising almost $7 billion so far, and rival Lyft another $1 billion. This is a staggering misallocation of capital. Nor do we have the imagination or funding to follow up on the suggestion by Mike Konczal and others to “socialize Uber,” by turning the thing into a driver-owned cooperative. There really are some more urgent tasks than devising a better way to hail a cab—or buy a mattress—and it would be nice to steer some money towards them instead of towards capitalist phantasms.

[ Source : Quibb : Doug Henwood ]

The Same As It Ever Was

John Steinbeck …

Sure I remember the Nineteen Thirties, the terrible, troubled, triumphant, surging Thirties. … I remember ’29 very well … the drugged and happy faces of people who built paper fortunes on stocks they couldn’t possibly have paid for. … In our little town bank presidents and track workers rushed to pay phones to call brokers. Everyone was a broker, more or less. At lunch hour, store clerks and stenographers munched sandwiches while they watched stock boards and calculated their pyramiding fortunes. Their eyes had the look you see around a roulette wheel …

Continue reading