Walking the Streets of New York With iOS 6 Maps, 8,000 Would-Be Future Job Sites, and the Bacon Shortage Myth: Our Top Stories of the Week
We have, as usual, pulled together the best in our coverage of unusual business news, investing strategies, and market commentary.
A Walk With iOS 6 Maps: Apple's Horribly Revamped App Does New York Okay, so it’s been well-documented that the Maps app for Apple’s (NASDAQ:AAPL) iOS 6 is terrible. After Apple removed Google’s (NASDAQ:GOOG) maps system and inserted its own in the latest update to the mobile operating system, public outcry has reached comical levels—as have Apple’s errors.
Relax, The Great Bacon Shortage of 2012 Is A Myth As Shawn Hackett, a money manager specializing in agricultural commodities says, “There’s nothing binary about livestock; there are always a lot of moving parts. It’s not as simple as that. But there’s not going to be a shortage of bacon anytime soon.”
Do Companies Like Apple and Starbucks Really Deserve Their Ethical Chic Reputations? With social awareness and consumer intelligence on the rise, companies need to do more than create great products and services to inspire a loyal fan base. The success of companies like Apple (NASDAQ:AAPL) and Trader Joe's prove that a strong brand with an ethically conscious image can do wonders for business, since even in this tough economy, consumers are lining up and going out of their way to buy pricey iPhones and frozen foods because the brands seem to fit the right social profile.
Mapped: Nearly 8,000 Future Job Sites With unemployment, already a scourge, now creeping upwards in some election swing states, politicians on both sides of the aisle owe some consideration to a project and website created by one New York lawyer. Barry B. LePatner, founder of the construction company LePatner & Associates, has identified 7,980 places in America where workers are needed.
The NFL Fiasco Is A Sign That Our Virtual Worlds Are Overtaking The Real One That's the conclusion fans, media pundits, and presumably, owners, have come to following several notable blown calls made by replacement referees in the NFL over the first few weeks of the season. But is that the case?
Airlines to Passengers: Get Used to Paying More to Check in Your Baggage If you are a frequent traveler, you might have noticed that you’ve been paying more for checking in suitcases these days. With fuel prices up dramatically in the past few years, airlines have struggled to maintain profit margins without raising ticket prices so high that passengers are scared away. The solution? Keep the basic ticket price relatively low, and charge flyers heavily for checking bags.
Coffee Is Not A Smartphone: Starbucks, India, And The Myth Of Untapped Markets Coffee giant Starbucks (NASDAQ:SBUX) is finally opening its first location in India next month. Given India’s struggling economy, that announcement has been met with a lukewarm response from investors, although other major retailers like Wal-Mart (NYSE:WMT) and IKEA are also planning on expanding into the country. India, along with its fellow BRIC countries (Brazil, Russia, and China), has long been heralded as a massive untapped market for everything from fast food to smartphones to soccer.
New Stock Coverage: Pfizer Looks Like A Riser An iconic and universally beloved street, which today preaches the timely virtue of patience, has shown once again that it is right on the money. Now, if only the children of Wall had the wisdom — and disdain for fuzzy math — of Sesame. Good things did indeed come to those who waited, with the S&P 500 Index (INDEXSP:.INX) finally ending up, following five straight days of declines.
Take Note: Diane Garnick Is At The Cutting Edge Of Finance Diane Garnick is the kind of cheerful person whose Ciceronian eloquence and rhetorical chops force one to stop, think, and finally realize that there’s little blocking the progress of what people used to call—and still call, now and then—the human spirit. At the Exchange Traded Fund (or ETF) conference where I met her a few weeks ago, she declared during her panel, “The only thing that limits you is what you think limits you.”
Goodbye 'Car Talk,' Hello 'Everywhere' Radio? After 35 years of supplying advice and laughter to roughly 3.3 million listeners via 660 radio stations per week, NPR’s hit series Car Talk will stop producing new shows this month. The radio talk show, hosted by brothers Tom and Ray Magliozzi, has been “culturally right up there with Mark Twain and the Marx Brothers," according to Doug Berman, executive producer of Car Talk. But despite the show's 25 years of success and timeless quality, , hosts Tom, 74, and Ray, 63, have decided -- due to their advancing ages -- that it is “time to get even lazier.”
Scam Alert: Counterfeit Gold Bars For many Main Street investors, only the physical asset will do. Unfortunately, counterfeiters have found a way to exploit that desire. At least 11 fake Swiss-made gold bars were found after exchanging hands in New York's Diamond District.
Apple's iPad Mini Debut Imminent: Sources Apple (NASDAQ:AAPL) will begin selling the iPhone 5 in 22 more countries tomorrow. However, now that Apple has released its iPhone 5, investors and Apple enthusiasts will soon begin looking to Apple’s next product launch. Many speculate this will be the "iPad Mini."
Why We'll Miss Car Talk: Great Moments From The Show More than their in-depth knowledge of how cars work or their senses of humor, the greatest strength of Tom and Ray Magliozzi -- hosts of NPR's Car Talk -- is the sincere love they both have for cars. A caller named Patricia once began her story by saying, “I have a 1968 Rambler American,” which caused Tom to shriek in ecstasy. Ray then asked, sounding half-serious, “Are you looking for a husband? ‘Cause my brother is available.” This emotional connection to the world of cars — like the one some people have with art or music — is what made the show stand out.
Who's The Winner And Loser In The Apple/Google Maps War? A week into the release of the iPhone 5, the backlash over Apple’s (NASDAQ:AAPL) decision to drop Google (NASDAQ:GOOG) Maps and introduce its own less-than-precise mapping application is out in full force.
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