citizenzen
Apr 16, 01:23 PM
It's spending on investment rather than spending on consumption.
This is a key point to the growing inequity of wealth in America. The rich have surplus funds that they are able to invest, while the poor, and a growing number of people are spending all of the income on consumption.
In 2007 Zhu Xiao Di wrote a report for the Harvard University's Joint Center for Housing Studies title, Growing Wealth, Inequity, and Housing in the United States [PDF] (http://www.jchs.harvard.edu/publications/markets/w07-1.pdf)
Abstract
The rapid growth of household wealth in the United States has been accompanied by drastic growing inequality. This paper discusses both wealth and inequality growth, examines demographic factors behind the growth, and analyzes housing�s role in it, using the Survey of Consumer Finances data collected by the Federal Reserve Bank. While aggregate household net wealth grew from $25.9 trillion in 1995 to $50.1 trillion in 2004 (both in 2004 dollars), nearly 90 percent of the net gains occurred only among the top quartile of households in the wealth distribution. Although housing wealth (both home equity and housing value) was still more evenly distributed than other types of wealth, it largely served to widen the wealth gap rather than to narrow it during the last decade.
In this report, he clearly illustrates the difference between household net wealth and household income.
Wealth Inequality and Household Net Wealth Growth
It is well known that the distribution of household net wealth is even more unbalanced than that of household income. Net wealth is defined as all assets net out all debts. In the top quartile of the household net wealth distribution held the lion�s share�87 percent (or $43.6 trillion) while the bottom quartile of households had nothing. The upper and lower middle quartiles combined held $6.5 trillion, or 13 percent of total household net wealth (see Chart 1).
http://www.interfaith.org/forum/members/citizenzen-albums-album-picture1305-screen-shot-2011-04-16.png
As he says in the report, "In other words, the bottom 28 million of American households in 2004 had nothing once their debt is netted out ..."
The difference between inequalities in wealth and income is quite natural, as one is from a stock perspective and the other is from a flow perspective. Low income households have to spend most or all of their incomes on life necessities with little capability of saving and investment so they can hardly accumulate any household net wealth. Thus they often remain in the bottom distribution of household wealth with nothing; the exception is the group of low income senior households who recently fell into the low-income category due to retirement and the loss of income. In short, while the bottom quartile of income distribution still has income, the bottom quartile of wealth distribution does not have any wealth net of debt.
This is a key point to the growing inequity of wealth in America. The rich have surplus funds that they are able to invest, while the poor, and a growing number of people are spending all of the income on consumption.
In 2007 Zhu Xiao Di wrote a report for the Harvard University's Joint Center for Housing Studies title, Growing Wealth, Inequity, and Housing in the United States [PDF] (http://www.jchs.harvard.edu/publications/markets/w07-1.pdf)
Abstract
The rapid growth of household wealth in the United States has been accompanied by drastic growing inequality. This paper discusses both wealth and inequality growth, examines demographic factors behind the growth, and analyzes housing�s role in it, using the Survey of Consumer Finances data collected by the Federal Reserve Bank. While aggregate household net wealth grew from $25.9 trillion in 1995 to $50.1 trillion in 2004 (both in 2004 dollars), nearly 90 percent of the net gains occurred only among the top quartile of households in the wealth distribution. Although housing wealth (both home equity and housing value) was still more evenly distributed than other types of wealth, it largely served to widen the wealth gap rather than to narrow it during the last decade.
In this report, he clearly illustrates the difference between household net wealth and household income.
Wealth Inequality and Household Net Wealth Growth
It is well known that the distribution of household net wealth is even more unbalanced than that of household income. Net wealth is defined as all assets net out all debts. In the top quartile of the household net wealth distribution held the lion�s share�87 percent (or $43.6 trillion) while the bottom quartile of households had nothing. The upper and lower middle quartiles combined held $6.5 trillion, or 13 percent of total household net wealth (see Chart 1).
http://www.interfaith.org/forum/members/citizenzen-albums-album-picture1305-screen-shot-2011-04-16.png
As he says in the report, "In other words, the bottom 28 million of American households in 2004 had nothing once their debt is netted out ..."
The difference between inequalities in wealth and income is quite natural, as one is from a stock perspective and the other is from a flow perspective. Low income households have to spend most or all of their incomes on life necessities with little capability of saving and investment so they can hardly accumulate any household net wealth. Thus they often remain in the bottom distribution of household wealth with nothing; the exception is the group of low income senior households who recently fell into the low-income category due to retirement and the loss of income. In short, while the bottom quartile of income distribution still has income, the bottom quartile of wealth distribution does not have any wealth net of debt.
kainjow
Sep 15, 04:26 PM
Woot hopefully price drops too :) I'm wanting to upgrade my MacBook and get some more power in here (and get a real GPU, not some crappy Intel fake).
michaelrjohnson
Aug 2, 02:14 PM
How about this for WWDC:
--Talk about how great the switch to Intel is going
--Praise developers work on Universal apps
--Talk about pro software
--Sit down and preview Leopard
--Talk about new Core 2 Duo
--Oh, by the way the iMac I have been using has the new Core 2 Duo
(Conroe) in it (he seems to like to do this), shippng now
--We want our Pentium 4 Power Macs back...
--Introduce new Mac Pro (Woodcrest),
shipping now
--Talk about how transition to Intel is almost complete and will be by the end
of 2006
--Thanks for comng
One more thing...
--MBP with Core 2 Duo (to complete the Pro Line), shipping in two weeks
Line-by-line, I think that's the most accurate prediction to date.
--Talk about how great the switch to Intel is going
--Praise developers work on Universal apps
--Talk about pro software
--Sit down and preview Leopard
--Talk about new Core 2 Duo
--Oh, by the way the iMac I have been using has the new Core 2 Duo
(Conroe) in it (he seems to like to do this), shippng now
--We want our Pentium 4 Power Macs back...
--Introduce new Mac Pro (Woodcrest),
shipping now
--Talk about how transition to Intel is almost complete and will be by the end
of 2006
--Thanks for comng
One more thing...
--MBP with Core 2 Duo (to complete the Pro Line), shipping in two weeks
Line-by-line, I think that's the most accurate prediction to date.
mrsir2009
Apr 20, 12:31 AM
I'll be buying that phone as my first iDevice :)
Cougarcat
May 4, 06:30 PM
But how do you boot from a disk image without a disk???
Restore it to an external (but you do not have to do this to install Lion. The installer will install some things while in SL, then restart and finish the installation).
Restore it to an external (but you do not have to do this to install Lion. The installer will install some things while in SL, then restart and finish the installation).
Gen
Apr 23, 11:14 PM
Just tell me who to pay!
kenypowa
Apr 26, 04:47 PM
Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_3_1 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Mobile/8G4)
And how many android devices are free or buy one, get one free? It's amazing how fast you can gain market usage when you give your stuff away...
It is amazing that for the price of 5 iPhone 3GS, you can get ONE HTC Thunderbolt. :D
And how many android devices are free or buy one, get one free? It's amazing how fast you can gain market usage when you give your stuff away...
It is amazing that for the price of 5 iPhone 3GS, you can get ONE HTC Thunderbolt. :D
srathi
Apr 26, 02:14 PM
Some will be bothered about IOS not being the most dominant. I personally don't care, I just want the best mobile OS.
Did you mean Android? :p
Did you mean Android? :p
asdf542
Mar 28, 10:31 AM
Exactly. That's the main reason in my mind this rumour holds any weight.
If anything there are more Verizon customers waiting for the iPhone 5 than those who bought the iPhone 4. If they DON'T release the iPhone 5 this year there will be pissed off Verizon AND AT&T customers.
Verizon customers who waited for the iPhone but didn't want to buy an 'old' phone when a new one was coming out in a few months and AT&T customers who are looking to upgrade.
If anything there are more Verizon customers waiting for the iPhone 5 than those who bought the iPhone 4. If they DON'T release the iPhone 5 this year there will be pissed off Verizon AND AT&T customers.
Verizon customers who waited for the iPhone but didn't want to buy an 'old' phone when a new one was coming out in a few months and AT&T customers who are looking to upgrade.
Xander562
Jul 29, 10:41 PM
Maybe the key would be to offer the IPhone for all providers, make it run
a mobile version of OS X with IChat video. I have Sprint and their music store downloads in AAC format. I have wondered if their music store is actually ITunes and they resell it as their own. Does any other carriers download in AAC?
i second this, i would only buy this is i could use it with my Verizon account.
a mobile version of OS X with IChat video. I have Sprint and their music store downloads in AAC format. I have wondered if their music store is actually ITunes and they resell it as their own. Does any other carriers download in AAC?
i second this, i would only buy this is i could use it with my Verizon account.
smulji
Mar 30, 10:53 PM
WOW. In my years of OS X development and beta releases, this is the first time I believe Apple has released a developer preview with little to no beta releases, and pushed right into a half arsed possible GM build without the numerous beta's for 10.X refinements. For developers and companies who have been accustomed to Apple pushing bi-weekly beta's as the GM release approaches. This may not bold well for developers and companies transitioning their products/applications in time and with little "bumps" in the road.
This also makes me believe Apple has certainly, finally, officially drawn a line with regard to their main focus: iOS. It truly is about mobile devices for Cupertino, with iPhones and iPads and numerous iOS beta releases that have pushed OS X off center stage since Leopard. Gone are the excellent days of a dedicated LCD display line with three size variants, gone are the days when desktop PowerPC towers were affordable, and soon the professionals who spent thousands of dollars and hours investing in Mac products for their work will be pushed out the door for the general mass consumer. This is a sad sign for us, for those that supported a struggling yet profitable Apple dedicated to professionals, consumers, quality products and improved operating systems.
That could be what Steve Jobs was alluding to when during the iPad 1 release in 2010 he said that Apple was the world's largest mobile devices company. Then later that same year during one of the financial conference calls Tim Cooke said people should refer to Apple as a mobile company. Just a theory.
This also makes me believe Apple has certainly, finally, officially drawn a line with regard to their main focus: iOS. It truly is about mobile devices for Cupertino, with iPhones and iPads and numerous iOS beta releases that have pushed OS X off center stage since Leopard. Gone are the excellent days of a dedicated LCD display line with three size variants, gone are the days when desktop PowerPC towers were affordable, and soon the professionals who spent thousands of dollars and hours investing in Mac products for their work will be pushed out the door for the general mass consumer. This is a sad sign for us, for those that supported a struggling yet profitable Apple dedicated to professionals, consumers, quality products and improved operating systems.
That could be what Steve Jobs was alluding to when during the iPad 1 release in 2010 he said that Apple was the world's largest mobile devices company. Then later that same year during one of the financial conference calls Tim Cooke said people should refer to Apple as a mobile company. Just a theory.
linuxcooldude
Apr 21, 02:53 PM
Making the width & height those dimensions, might make the length a lot longer. I could see space requirement problems & how would placement be effected without it being rack mounted?
Raineer
Apr 18, 04:46 PM
They have patents but they HAVE to pursue infringers or they can lose the rights to the patents. That's why you see so many patent lawsuits. Unfortunately, that's just how the system works (in very basic terms).
8 pages and no quotes of this. That's all there is to this, folks...
8 pages and no quotes of this. That's all there is to this, folks...
LagunaSol
Apr 18, 04:11 PM
No, my point is they're not designed to be marketed and sold as cheap knock off that confuse customers.
Anyone can tell them apart, just from the bottom button alone if nothing else.
Irrelevant. Just because I stick a Ford logo on the hood doesn't mean I can make my new Mustang look like a Porsche Carrera clone.
Industrial design is legally protected work. And should be. It doesn't matter how you price your competing product.
Anyone can tell them apart, just from the bottom button alone if nothing else.
Irrelevant. Just because I stick a Ford logo on the hood doesn't mean I can make my new Mustang look like a Porsche Carrera clone.
Industrial design is legally protected work. And should be. It doesn't matter how you price your competing product.
svenas1
Jul 22, 06:13 AM
I don't think we'll see these at WWDC unless there are other substantial changes. Going from a Yonah to a Merom chip may be great news, but it's hardly something Steve can crow about on stage. "Here's the new macbook pro... it looks and functions exactly like the old one, but 20% faster. Um, yeah. You already know all about the macbook pro, so there's really nothing else for me to say, is there?"
Trust SJ to be able to say something amazing about that !! That's why he is CEO... he can make the smallest thing look like it's the coolest thing on earth. RDF at full swing...!
Trust SJ to be able to say something amazing about that !! That's why he is CEO... he can make the smallest thing look like it's the coolest thing on earth. RDF at full swing...!
Littleodie914
Mar 29, 09:04 AM
The price is actually amazing. MobileMe is $100/year for 20GB. Amazon is $20/year for the same storage plus Amazon is running a promotion through the end of the year where if you buy a digital album from Amazon, you get 1 free year of 20GB of storage.You can't even begin to compare this service to MobileMe's current offerings. This is just space. (And a music player.) MobileMe offers address book, calendar, photo browsing, and other features.
Dropbox is $100/year for 50GB or $200/year for 100GB. Amazon is now offering storage for half those prices. This is going to be devastating for Dropbox since they actually run their entire system off of Amazon Web Services.I do agree here - compared to Dropbox the prices are nice.
...Cloud storage includes redundancy, bandwidth, and syncing tools that add a lot of value. Plus of course the electricity and servers processing power necessary to access the hard drives.Huh? :confused: I think redundancy is the only valid argument here. What do you mean by bandwidth? Transfer speeds uploading to the cloud are hideous compared to USB 2.0. Syncing tools are also readily available for any external drive. External drives barely use any power, 20W during access. Processing power? You're not compressing or analyzing data. Just transferring and storing it. :confused:
Dropbox is $100/year for 50GB or $200/year for 100GB. Amazon is now offering storage for half those prices. This is going to be devastating for Dropbox since they actually run their entire system off of Amazon Web Services.I do agree here - compared to Dropbox the prices are nice.
...Cloud storage includes redundancy, bandwidth, and syncing tools that add a lot of value. Plus of course the electricity and servers processing power necessary to access the hard drives.Huh? :confused: I think redundancy is the only valid argument here. What do you mean by bandwidth? Transfer speeds uploading to the cloud are hideous compared to USB 2.0. Syncing tools are also readily available for any external drive. External drives barely use any power, 20W during access. Processing power? You're not compressing or analyzing data. Just transferring and storing it. :confused:
lucabrasi
Mar 30, 07:08 PM
I can confirm that Preview 2 works w/ the 2011 MBPs.
Multimedia
Aug 7, 07:22 PM
In the past, Apple has always issued a "White Paper" on new leading products. I can't see the link for that yet. Anyone find it? :confused:
Mac'nCheese
Apr 9, 09:00 PM
(48/2)(9+3) would be straight forward. The way the formula was originally typed lends interpretation as:
48/
2(9+3)
Why would someone choose to group one set with parentheses and not another unless they were being intentionally ambiguous?
Did you call your elementary school teacher? I didn't. They taught me well enough the first time.
Because to teach kids the correct way to do math, teachers make up examples in which some actual thinking is needed to solve the problem. Written the way you just put it, it does not teach pemdas, something this math problem is obviously supposed to do. Your math teacher obviously taught u wrong or you just forgot how to do math as my numerous facts supported by searches prove. I dont need to call anyone, I taught SAT review courses for over a decade and my wife is currently a math teacher. But please take my challenge. Go to your local school and ask any math teacher how to properly do pemdas if u still can't accept the fact that u are clearly, beyond any shadow of a doubt, wrong.
48/
2(9+3)
Why would someone choose to group one set with parentheses and not another unless they were being intentionally ambiguous?
Did you call your elementary school teacher? I didn't. They taught me well enough the first time.
Because to teach kids the correct way to do math, teachers make up examples in which some actual thinking is needed to solve the problem. Written the way you just put it, it does not teach pemdas, something this math problem is obviously supposed to do. Your math teacher obviously taught u wrong or you just forgot how to do math as my numerous facts supported by searches prove. I dont need to call anyone, I taught SAT review courses for over a decade and my wife is currently a math teacher. But please take my challenge. Go to your local school and ask any math teacher how to properly do pemdas if u still can't accept the fact that u are clearly, beyond any shadow of a doubt, wrong.
Nieval
May 7, 10:46 AM
We all remember the internal meeting Jobs held discussing how Google was in effect 'declaring war on Apple' by invading their "mobile" turf; what if this is Apple reciprocating. Offering similar options to Gmail for free and attempting to complement MobileMe with iAds in an attempt to unthrone Google. With the high hopes Apple has for iAds (as suggested by the rumors regarding the high developer pricing of iAds) it does make sense, and in the very least, try to hurt Google. Another intriguing question is: would Apple loyalists prefer Apple service over another as long as the quality is acceptable (perhaps even if the quality was less than the options, at first).
danielwsmithee
Aug 11, 09:31 AM
I think the black MacBook is sort of the Pro version of the MacBook. I expect the MBP and Black MacBook to receive top of the line Merom processors. The white MacBook will stick with the older yonah and receive a price drop to $999 at the bottom end.
mdriftmeyer
Mar 31, 01:27 AM
You (and others) are aware that "Developer Previews", when available, have always predated the Beta releases? It's not even a beta.
Apple says they will release Lion in summer, only Dev Previews have appeared so far, and suddenly people think it plausible for Apple to release a GM build in March?
And btw, I'm really disappointed in the reporting of the ludicrous "GM" rumour as it's pretty obviously wrong - usually MacRumors curates their news better than this.
Apparently they claim to know than they do, which is typical. Your observations are spot on.
Apple says they will release Lion in summer, only Dev Previews have appeared so far, and suddenly people think it plausible for Apple to release a GM build in March?
And btw, I'm really disappointed in the reporting of the ludicrous "GM" rumour as it's pretty obviously wrong - usually MacRumors curates their news better than this.
Apparently they claim to know than they do, which is typical. Your observations are spot on.
Silentwave
Sep 11, 12:26 AM
IF that TiVo rumor is true, it will be a dream come to life!
Proud owner of a Mac....and a Tivo w/DVD burner.
Proud owner of a Mac....and a Tivo w/DVD burner.
Alex Urchin
Nov 22, 01:22 AM
Wasn't it exactly the same story with the iPod?
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