Archive for the ‘Business’ Category

Coca-Cola to begin using hybrid trucks in Florida

Monday, July 28th, 2008

Coca-Cola to begin using hybrid trucks in Florida: While other companies are shying away from the considerable costs involved, Coca-Cola announced Monday it is rolling out 10 heavy-duty hybrid trucks in South Florida, part of a national campaign to put 142 of these so-called green trucks on the road in North America in the next several weeks.

(Via McClatchy.)

Now there’s no reason to hate Coca Cola for contributing to environmental devastation, just for contributing to obesity, tooth decay, and other associated health problems. :-D

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McCain’s very bad, no good talent for chronology (or Bush is not responsible for the oil price drop)

Wednesday, July 23rd, 2008

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Just what is up lately with John McCain? One has to wonder if his campaign is sabotaging him on purpose. Surely it can’t be the case that the candidate of a major American political party is completely without access to a basic fact checker?

Even a college-aged intern (with the Google or other basic Internet skills) ought to be able to help a guy out for next to nothing, without putting undue stress on McCain’s budget.

 

First, we had McCain’s confusion over the chronology of the abatement of violence in Iraq. To be sure, the Surge provided needed additional troops on the ground (something some have been asking this administration to do since the beginning of the war). But at least as important, arguably, have been societal changes taking place within Iraq itself. The dramatic ethnic self-sorting taking place in Baghdad along with the Anbar Awakening surely did much to also lessen violence against US troops. McCain wants us to believe that the Surge resulted in the Awakening, when that is manifestly not the case.

Now today we hear from John McCain that President Bush (of all people) is responsible for the recent drop in oil prices:

Republican John McCain on Wednesday credited the recent $10-a-barrel drop in the price of oil to President Bush’s lifting of a presidential ban on offshore drilling, an action he has been advocating in his presidential campaign.

Once again McCain seems to want to credit an event that ooccurred later as the cause of an event that occurred earlier in the chronological order. It’s a completely mystery to me how this could have escaped McCain, except to note that he is admittedly not very well versed on gas prices.

But wait, how can this be? Didn’t gas prices drop immediately after Bush announced he was canceling the executive order against offshore drilling?

Monday, July 14, 2008

WASHINGTON — President Bush lifted an executive ban on offshore oil drilling first imposed under his father’s administration, although new oil exploration on the Outer Continental Shelf will remain off limits until Congress also takes action.

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And the next Tuesday we saw this:

Last Updated: July 15, 2008: 4:56 PM EDT

NEW YORK (CNNMoney.com) — Oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after hearing comments from Federal Reserve Chairman Ben Bernanke.

Note first of all the stated reason for the drop in prices: fears of reduced US demand for oil, not hopes for increased production. Then, unfortunately for John McCain, oil prices had already begun to drop by the time Bush lifted his executive order. As early as June 6, some analysts in the media were predicting that oil prices would start to fall:

GET READY FOR THE OIL-PRICE DROP

June 6, 2008

THE price of crude oil has jumped as high as $135 lately, up from $87 in early February. The news encouraged some Wall Street analysts to suggest oil might approach $200 before long. In fact, that’s quite impossible: The world economy can’t handle current energy prices, much less a big increase.

Which in turn means that oil prices will fall.

A month later, and the week before president Bush’s action, oil prices were already in decline:

July 8, 2008

NEW YORK — Oil tumbled more than $5 a barrel Tuesday in its second big drop this week, hurling crude back to levels not seen since June 26 as traders wary about the health of the global economy cashed in gains from oil’s recent rally.

So seriously. Seriously. Just what is up with the McCain campaign?

John McCain does have at least one thing going for him: In typical “John McCain’s base” fashion, none of these easily obtainable facts were reported by Tom Raum of the AP. Raum found time in his article to give us how many gallons of oil are in a barrel, but couldn’t be bothered to do a basic fact check on the central assertion made by McCain being reported in the article.

Liberal media bias indeed.

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Crossing the line on Steve Jobs’ health

Tuesday, July 22nd, 2008

Crossing the line on Steve Jobs’ health | One More Thing - CNET News.com: “One clear sign that this is an unseemly exercise: if those who keep pushing the issue feel they have to repeatedly apologize for seeming insensitive, they’re probably being insensitive. Yes, Jobs is the CEO of a $135 billion company that has dramatically changed the world of technology and made countless people rich. And, as I wrote the last time we covered this, Apple’s board of directors has a clear duty to avoid falling into a situation resembling Woodrow Wilson’s final days in office.

However, the only responsibility that Apple’s board of directors has to its shareholders is to make sure that Steve Jobs’ health is not a liability, and disclosing anything beyond that would be a mistake.”

(Via c|net.)

Steve Jobs is not a public official, and as I see it hasn’t given up his right to privacy simply because he’s a CEO. Jobs has also done as much as one could ask to ensure that Apple has the talent in place to continue should anything happen to him, with a large stable of talented managers in every division of the business.

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Apple apologizes for MobileMe launch, extends subscriptions

Wednesday, July 16th, 2008

Seeded at Newsvine:

“The .Mac to MobileMe transition was a lot rockier than we had hoped but everything is now up and running,” Apple spokesman, Bill Evans, told Macworld.

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Presidential economics: Do parties matter? A look at GDP, employment, CPI, and other statistics

Wednesday, July 16th, 2008

Seeded at Newsvine:

Though the picture so far is of the Republicans as the party of austerity and the Democrats as the party of stimulus, there’s a surprise when it comes to changes in the federal deficit: Republicans are more liberal with the red ink than Dems.

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Feds end probe into Apple stock option backdating - no charges

Friday, July 11th, 2008

Seeded at Newsvine:

The Department of Justice on Friday ended its probe into Apple’s backdating of stock options. The Wall Street Journal reports that no charges are being brought against the company or any of its current or former executives.

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