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Showing posts from October 2, 2011

(BN) Steve Jobs, Who Built World’s Most Valuable Technology Company, Dies at 56

Bloomberg News, sent from my iPad. Jobs, Who Built Most Valuable Technology Company, Dies at 56 Oct. 6 (Bloomberg) -- Steve Jobs, who built the world's most valuable technology company by creating devices that changed how people use electronics and revolutionized the computer, music and mobile-phone industries, died. He was 56. Jobs, who resigned as Apple Inc. chief executive officer on Aug. 24, 2011, passed away yesterday, the Cupertino, California- based company said. He was diagnosed in 2003 with a neuroendocrine tumor, a rare form of pancreatic cancer, and had a liver transplant in 2009. "We are deeply saddened to announce that Steve Jobs passed away," Apple said. "Steve's brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve." Jobs embodied the Sili...

(BN) China’s Fall, Not Its Rise, Is the Real Global Threat: View

Bloomberg News, sent from my iPad. China's Fall, Not Its Rise, Is the Real Global Threat: View Oct. 4 (Bloomberg) -- China's rise to global prominence has long preoccupied the leaders of the developed world. They should be more concerned about what happens if the country's growth falters. With its combination of cheap labor, easy money, undervalued currency, heavy investment in manufacturing and focus on exports, the nation of 1.3 billion has built an impressive economic engine. From 2008 through 2010, China contributed more than 40 percent of the world's growth. But the Chinese model has its limits, and that has far- reaching consequences for the U.S. and Europe, both of which are increasingly dependent on China. The country's share of global exports already exceeds 10 percent, larger than that of Japan at its peak in 1986. Barring some miracle, Chinese exporters can't expand their market shar...