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This article just makes me sick when I read it. The thought that in South Korea, the government is creating jobs to increase the internet bandwidth 10 times when here in America, their current speed is already 67 times what I get on a high speed internet connection. It’s true I don’t have the fastest internet connection but they are still about 10 times faster than any residential service we have in America. That means with their upgrade their internet will be 100 times faster than ours. It also means that individuals in South Korea will get faster connections than corporations do in America. A house in South Korea right now gets as much bandwidth as the school of 4,000 students that I attend. This is after our school just doubled their bandwidth because of complaints. UGH! It hurts really bad to think that our bandwidth could be significantly higher. This is one area in which America is significantly behind and really needs to speed up. I really hope that Obama stimulates this section of our economy. It’s tough being a web designer in which transferring files can take hours upon hours whereas in other countries it could take less than one. What a waste of productivity. This also means that communications companies in South Korea can provide much better services to their customers. I vote for more bandwidth!
South Koreans could see 1Gbps web connections by 2012 – Engadget.
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Apple keeps on outperforming and showing great numbers all around which in my view is really amazing considering the times. Yes much of their success this quarter was in international business but economies are feeling the recession globally. I think its a great move however that Apple is taking advantage of spreading out globally. They are working hard on distributing their greatly branded products out all over the world and building flagship Apple Stores globally. If our economy isn’t ready to buy their products, another economy is. Way to go Apple! Keep on staying smart!
Unfortunately investors have hit Apple hard through the past year and even more recently through Steve Jobs‘ health concerns even though the company repeatedly shows great numbers. The success of Apple is attributed to Steve jobs and with his last declaration of medical lease many people can’t comprehend how the company will be able to survive. Jobs has said that he is still overlooking many of the big decisions in the company. Get with the program investors! Apple is worth a whole lot more then you are giving it credit for. I’m sure as Cook says that there are a lot of great employees there who are focused just like Steve is on new product and technological development and also enhancements.
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Today was definitely a rough day on the Dow Jones Industrial Average Index. The Dow closed today at 12,209 down roughly 395 points. Much of this is due to increasing oil costs. The cost of oil went up 10 dollars, an 8% increase, today to reach a high of 138 dollars a barrel. Analysts conclude that speculation greatly affects rising prices but that may not be the case. This escalation is due to high demand in developing nations and a smaller more volatile supply locally and globally. Rising oil prices are just another added stress to the already highly volitile stock market right now and will result in a scary future as speculation has oil prices surpassing the 150 dollars by July 4th.
Due to frightening speculation about raging gas prices and a highly volatile market, many investors are pulling back from the stock exchange and are currently in a holding pattern. This is resulting in a slowing economy and does not contribute to oil prices lowering. In fact, usually investors are able to counteract rising prices but this wont happen if major investors are holding onto their money. Analysts are also talking about how the government might and should open up the national oil reserves sooner than later so that prices will start to decline. As prices start to decline then the angst against sky rocking gas prices will settle and companies will be able to focus on higher earnings and lower costs.
