Tag Archives: Big Ben

Purple Taxis – Symbol Of Change

By Hilary Kramer, Contributor

Visitors to London and the people who live and work there are very familiar with the traditional and distinctively English black cabs. In London, these zippy taxis –combining old world charm with comfort, spaciousness and unique charm are a fixture, as much as Big Ben and Buckingham Palace. These black cabs and their polite and knowledge drivers are famous for getting the job done. Hailing one is easy, they are everywhere. These days, we are seeing images of these black cabs in  the media as  London is once again at the center of the global media’s attention given the birth of the future British monarch. …read more

Source: FULL ARTICLE at Forbes Latest

Is Apple Immune to the Fed?

By Douglas Ehrman, The Motley Fool

Filed under:

While Apple shares followed the basic pattern of the overall market last week — falling sharply on Monday and battling back on well-received remarks from Federal Reserve Chairman Ben Bernanke — technology is often thought of as existing outside of the classic economic pressures. Think of it as the last, and essentially invisible, divide between the old economy and the new economy. Given this divide, you must ask yourself if it remains a legitimate point of differentiation, or if it may be the source of some investment mistakes, particularly as companies mature.

One of the reasons for this disconnection is that consumers have essentially inelastic demand for smartphones. No matter how bad things may get, you are going to find a way to keep your iPhone running. This does not mean that Apple can rest on past successes. CEO Tim Cook somewhat startled investors when he said that the company was “looking” at new product segments, which might signal that Apple has reached a certain level of maturity that requires more attention to be paid to macroeconomic influences. Or it could mean that Cook is being coy before the company goes to market with a big release.

Big Ben chimes in Congress
When Bernanke testified last week before the House Financial Services Committee, he made it abundantly clear that despite the voices of dissent as to current Fed policy, the country’s monetary policy was not about to be altered. Since last December, the Fed has more explicitly tied interest rates and quantitative easing measures to the employment rate and inflation. While members of the Federal Open Market Committee have publicly commented that perhaps the Fed should alter its course, Bernanke claims the stimulus measures are working and will continue.

What does this have to do with Apple?
One of the biggest and most germane criticisms of Apple is that it does not have a sufficiently comprehensive emerging-markets strategy. This is the complicated way to say that the company is missing out on a lot of potentially critical sales by not releasing a cheap iPhone that can attract purchasers in areas where a full-priced iPhone 5 is simply out of reach. This means that Apple is particularly dependent on sales in the U.S. and Europe, although China is becoming increasingly critical and is likely to become the most important market in the future.

To bring this back to the Fed, if the economy goes into a tailspin, Apple will likely be affected more than Google and more than not-at-all. The reach of Android into the low-end market means that the sale of Android phones is less affected by a recession. Emerging-market economies would be affected by a U.S. recession much differently than Europe or even China. Since Apple is so reliant on sales to the consumers of developed nations, it has greater exposure to a recession.

The common retort to this concern is that the recent numbers speak for themselves sufficiently to demonstrate that …read more
Source: FULL ARTICLE at DailyFinance

College Creates Plenty Of Debt But Not Much Skill

By Gerald Todd

Student Debt College creates plenty of debt but not much skill

Our children’s opportunities to learn based on technological advances has been more than offset by the loss of appreciation of literature and the humanities – including history, theology, philosophy and even economics. Our old friend Jon T. Barton, a classical violinist wrote an 800 page 2 volume work called “The Bible in Western Literature.” He co-authored with attorney John Whitehead a 1981 book, “Schools on Fire” – a prophetic work warning of the now deplorable and unnecessarily expensive condition of American education.

I met a young man recently with a degree in “Environmental Studies” from screwball UCal/Santa Cruz, home of the Banana Slugs. His student loan is $90,000 and he still can’t get a job. His girlfriend has a degree in Psychology and is only $60,000 in debt and can’t get a job either. In a two class society, only the wealthy and their satraps will be able to get a college education.

My Grandson’s Saudi ex-roommate at University of Alaska/Anchorage rolled out his prayer mat then went out to play. He wasn’t hungry to learn so he was happy to return home to his Ferrari’s and servants – compliments of American technology and insane energy, environmental and foreign policies. The “progressives” have created the biggest educational jerk circle in history and we all let them get away with it. History hasn’t been kind to such nations and empires. We’re intelligent enough to turn it around, but are we wise enough?

With the prevailing attitude that every kid should go to college or he’s a loser, we’ve lost much of our ability to make things, provide employment for all skill and intellectual levels and to maintain infrastructure and beauty. Steve Jobs, Bill Gates, Rush Limbaugh and Glenn Beck are classic examples of men who eschewed college to avoid stifling their creativity or be drawn into the perverse world of political correctness. I want my grandkids to think out of their own boxes before they get destroyed by academia and debt as they set their life goals.

My old Cockney friend Leon Shaw made a part for my rare Omega Sea Master watch when Omega in NY couldn’t fix it. He also repaired Big Ben in London and dozens of ancient fancy gold embellished clocks from Brentwood after the earthquake in LA. He even rebuilt a cheap Chinese lathe and converted it to a precision auto-feed miniature parts turning lathe. He made all the stable vortex flowmeter and nozzle parts we designed and tested. He was a displaced Brit after WWII when England took a dive like the “progressives” are doing to us now. Their brain drain helped improve our once vaunted “Yankee ingenuity” – now better known as “Yangtze ingenuity” for obvious reasons.

My boys made usable kitchen spatula’s at Bakersfield’s Chipman JHS in the 1970’s. They learned to measure, cut, file, bend, forge, drill, grind, carve, polish and rivet – all needed to make a simple wood-handled aluminum spatula. We still have one and use it regularly.

Our young people of all …read more
Source: FULL ARTICLE at Western Journalism

College Educations Creating Plenty Of Debt But Not Much Skill

By Gerald Todd

Student Debt College educations creating plenty of debt but not much skill

Our children’s opportunities to learn based on technological advances has been more than offset by the loss of appreciation of literature and the humanities – including history, theology, philosophy and even economics. Our old friend Jon T. Barton, a classical violinist wrote an 800 page 2 volume work called “The Bible in Western Literature.” He co-authored with attorney John Whitehead a 1981 book, “Schools on Fire” – a prophetic work warning of the now deplorable and unnecessarily expensive condition of American education.

I met a young man recently with a degree in “Environmental Studies” from screwball UCal/Santa Cruz, home of the Banana Slugs. His student loan is $90,000 and he still can’t get a job. His girlfriend has a degree in Psychology and is only $60,000 in debt and can’t get a job either. In a two class society, only the wealthy and their satraps will be able to get a college education.

My Grandson’s Saudi ex-roommate at University of Alaska/Anchorage rolled out his prayer mat then went out to play. He wasn’t hungry to learn so he was happy to return home to his Ferrari’s and servants – compliments of American technology and insane energy, environmental and foreign policies. The “progressives” have created the biggest educational jerk circle in history and we all let them get away with it. History hasn’t been kind to such nations and empires. We’re intelligent enough to turn it around, but are we wise enough?

With the prevailing attitude that every kid should go to college or he’s a loser, we’ve lost much of our ability to make things, provide employment for all skill and intellectual levels and to maintain infrastructure and beauty. Steve Jobs, Bill Gates, Rush Limbaugh and Glenn Beck are classic examples of men who eschewed college to avoid stifling their creativity or be drawn into the perverse world of political correctness. I want my grandkids to think out of their own boxes before they get destroyed by academia and debt as they set their life goals.

My old Cockney friend Leon Shaw made a part for my rare Omega Sea Master watch when Omega in NY couldn’t fix it. He also repaired Big Ben in London and dozens of ancient fancy gold embellished clocks from Brentwood after the earthquake in LA. He even rebuilt a cheap Chinese lathe and converted it to a precision auto-feed miniature parts turning lathe. He made all the stable vortex flowmeter and nozzle parts we designed and tested. He was a displaced Brit after WWII when England took a dive like the “progressives” are doing to us now. Their brain drain helped improve our once vaunted “Yankee ingenuity” – now better known as “Yangtze ingenuity” for obvious reasons.

My boys made usable kitchen spatula’s at Bakersfield’s Chipman JHS in the 1970’s. They learned to measure, cut, file, bend, forge, drill, grind, carve, polish and rivet – all needed to make a simple wood-handled aluminum spatula. We still have one and use it regularly.

Our young people of all …read more
Source: FULL ARTICLE at Western Journalism