“The New Yorker has a cult following,” says Samir Husni, director of the Magazine Innovation Center at the University of Mississippi. “The readers don’t care about price. They have an addiction to seeing it on their coffee table, week in and week out.”Speaking of cults, from Market Street today:
Apple Inc. was added to Credit Suisse's US Focus List on Monday, as the stock is now considered one of the bank's "top investment ideas."
The brokerage raised its price target on the stock to $150 from $140, which implies 36.4% upside to Friday's closing price. Shares of Apple ticked up 0.6% to $110.70 in premarket trade.
Credit Suisse analyst Kulbinder Garcha said an in-depth look into Apple's service offerings showed that investors may be underestimating and underappreciating the annuity business's growth potential. It estimates gross profit related to services has grown to around $14.5 billion from $3.2 billion in 2010, and sees that doubling to nearly $34 billion by 2020, with services accounting for 29% of total profit.
The gains are seen as coming from strong App Store growth, as well as the scale of Apple Pay, Apple Music and iCloud.Apple Pay: think Visa.
Apple Music: think Facebook.
iCloud: think Google.
Note: this is not an investment site. Do not make any investment, financial, travel, or relationship decisions based on what you read here or think you may have read here.
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And They Will Still Vote For The Democrats In November
It's a Blue State -- That's What Blue States Do
McClatchyDC is reporting: foreign trade is killing blue collar jobs in Wisconsin -- the rest best moves west.
Some data points:
- Wisconsin has lost more than 68,000 manufacturing jobs since the mid-1990s and the first of several controversial trade pacts with Mexico, China, and others took hold
- additionally, the US Dept of Labor has certified about 76,000 Wisconsin workers in various fields have lost their jobs due to either imports or the work they do being shipped overseas
- Joerns Healthcare, a medical furniture manufacturer closed its doors in Stevens Point, WI, in 2012, after years of gradually outsourcing work to China
- Caterpiller has laid off 600 of its 800-plus workers over the past two years because of a business slowdown
- Wisconsin's heavy manufacturing sector, once one of the country's strongest has been hit hard: GM GE, Chrylser, Joy Global Surface Minig, Manitowoc Cranes have all cut jobs
- Kohler (plumbing supply -- the one with the glitzy ads in fashion magazines), Trek Bicycles (so, that's where my bike was made), have offshored jobs to India, China, and Taiwan
- Oscar Mayer meat processing in the state capital will lose1,000 jo bs over the next two years at the 10-year -old iconic plant located there
- just east of that plant, Tyson Foods will cease operations at its pepperoni processing plant, cutting 400 jobs
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