Locator: 50008AAPL.
Breaking news on AAPL: being sued by state of West Virginia over safety of children / photos. One needs to consider the plaintiff.
Huge privacy issue. West Virginia says Apple needs to be scanning all photos that users upload to the iCloud.
Me? It's a non-story. Really? The US Supreme Court will rule "we" need 100% scanning of all photos loaded to the cloud by Tim Cook, Jeff Bezos, Mark Zuckerberg.
Jobless report today:
- 206,000 last week (winter storm)
- 223,000 previous week (no winter storm)
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The Blog -- Macro
This blog was the first non-profit blog, focused on the Bakken, to see these two stories or reported on them frequently when no one else reported on them at all.
First:
- of the Mag 7, only one company is not chasing cash:
Second:
- identified the real cause of inflation since 2022
- three "sectors" most affected and greatest effect on inflation --
- used cars
- rent
- food
Today, we get a new inflation story / undocumented migrant situation;
- auto insurance. Link here.
This undocumented immigration story also explains a lot of the issues over the past few years with regard to:
- access to medical care
- increasing costs for stage / federal government for health care coverage
- public schools
Most fascinating: NYC. Mayor now plans to cancel new police hires (5,000 new hires affected) to help meet budget crisis.
