Job growth by sector since the Great Recession
Education and Health didn’t even dip!
Could this be the iPhone 6?
Leaked images came out earlier today claiming to show a prototype iPhone 6. The most noticeable differences from the last generation of iPhones is a thinner profile and a smaller bezel around the phone, allowing for larger screen real estate. The photos look authentic but we won’t know until later this year when Apple debuts the new version of the iPhone.
How about that housing ‘recovery’?
Four facts the mainstream media isn’t telling you about the housing ‘recovery’:
1. In 2013 distressed sales(either short sales or foreclosed sales) hit a three year high of 16.2% of all home sales.
2. December saw all-cash purchases account for 42% of total housing purchases.
3. Mortgage applications are near 16 year low levels.
4. 25% of all households with a mortgage owe more on their mortgage than the value of their home.
Source: Zero Hedge
The U.S. is the world’s largest oil producer
This week the Petroleum Industry Research Associates(PIRA) revealed that the United States had overtaken Saudi Arabia to become the largest oil producer in the world. What’s caused the surge in production? Oil extraction from shale formations. Shale production in states like Texas and North Dakota have increased total U.S. output by 1 million bpd in both 2012 and 2013.
To be clear, total liquids produced in the U.S. defined by PIRA include natural gas and biofeuls, in addition to crude oil. The U.S. still lags behind Saudia Arabia and Russia in just raw crude oil production.
Five facts you didn’t know about the U.S. economy
1. The number of public school students that are without a home is at an all-time high. 1.2 million students that attend public schools in America are homeless.
2. Median household income in the United States has fallen for five years in a row.
4. Approximately 57 percent of all children in the United States are currently living in homes that are considered to be either “low income” or impoverished.
5. The U.S. government has spent 3.7 trillion dollars on welfare programs over the past five years.
Source: Zero Hedge
SPLIT: Headphones of the future?
What are they? Wireless headphones with literally no strings attached. They clasp to each other magnetically and when split apart they power up and play music. You can skip music tracks by biting your jaw together once, change volume by biting your jaw twice, and lock the headphones by tapping the right earbud. The battery has the ability to play music up to four hours before losing a charge.
Why you should care? These compact earbuds have no wires to get in the way while you use them. The technology used to transmit sound is a short near-field signal which reduces the amount of radiation your head is exposed to by 1,000 times as compared to wireless Bluetooth technology currently used.
The downside? The earbuds can’t sync to your smartphone to play music. The songs you listen to are stored locally in the earbuds which limits capacity to only 24 songs. Perfect for a workout in the gym, but not much else.
To find out more check out their Kickstarter campaign here.
The iPhone 5c: A low-end smartphone at a high-end price
On September 10th, Apple announced two new models of their iPhone lineup. The iPhone 5c is an interesting product for Apple. It was rumored to be a low-end version of the phone with a rock bottom price, but it didn’t end up that way. Instead they’re offering the phone for $99 and $199 on contract, and a whopping $549 and $649 off contract. The kicker? Its shell is made out of plastic! Let that sink in… Apple is essentially charging a premium price for a phone that costs them much less to manufacture. It’s a bold strategy, cocky even, but at this point Apple believes they have the brand equity to justify the price point to consumers. How long that will last remains to be seen.