Head Of Apple Inc!
I was just reading that Apple Inc. co-founder and Chief Executive Steve Jobs will be taking a medical leave of absence. People have been wondering for weeks now if Jobs was sick again. In the past he had cancer, which made employees and investors worry if he had cancer again. It sounds kind of weird that investors would be worried. But their worrying because Jobs is the driven force behind Apple Inc. If you remember back Steve Jobs had left Apple to enjoy his life. And when that happened Apple Inc. went straight down hill. The stock dropped to it’s lowest it ever was. Then the board of Apple Inc. got together and asked Jobs to come back. And in just a short amount time Jobs got Apple Inc. running at peck performance. The stock reach it’s highest level and they where once again making money. So you can see why this problem with Jobs is making everyone worry. Anyway, he’d going to be out until June if everything goes well. Hopefully everything will go great and he’ll be back to work in no time. I’m not a shareholder of Apple Inc. I just think what he does is amazing for the company he created.
Retail Sales Drop!
For the month of December 08 retail sale dropped like a rock. And if your wondering how bad, well it was really bad. The Commerce Department reported yesterday that retail sales dropped 2.7 percent for December 08. The crazy people on Wall Street where expecting a 1.2 percent drop. And today investors are showing what they do when they see numbers like this, they sell, which in turn drops the market. So once again the average American gets hurt again. Our 401k investments drop and the credit market gets even tighter. This will make it even harder for small businesses to get loans to stay alive through the slow months. And when these businesses fold more jobs will be lost, adding to the already soaring job loss. This recession is so far the worst recession ever, only thing worst is a depression. Anyway, for the year retail sales dropped by 0.1 percent, which is the first ever drop since the government started tracking this in 1992. I can only hope things change very soon. But when people keep saying things are going to get worst before better how will anything change. We need to all get positive again, and maybe things will change.
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