Blogcast Update

This week was packed full of news, but it is easy to miss, so I will share some highlights.

Probably the biggest news of the week was Apple's CEO, Steve Jobs, turning in his resignation, but remaining as chariman of the board. He stated that he would be the first to say when he was no longer fit to fulfill his duties, and that time is now. He recently was diagnosed with terminal pancreatic cancer, but it turned out they were able to operate and he is doing well today. Apple was reported as the most valuable business in the US sitting on $75 billion in the bank! Their stocks did slide 4-5% on news of Jobs' resignation however. I was sent a pretty inspiring speech that he gave at a Stanford commencement, you can read that here.

Wallstreet is quite a rollercoaster these days! I am not a doomest, but I still expect to see a recession as bad as 2008 in the near future. It is funny how emotional the DOW is, all you have to do is whisper and it may rise or fall. This week saw a big gain just on a rumor that Bernanke of the Federal Reserve was going to save the day again with a stimulus and start pumping out more money. Then of course we had a big drop the next day when nothing happened. After a steady increase all month in the price of gold, it actually took a big fall this week. It is still expected to possibly hit highs of $2500-$3000 in the coming years.

On another note, I believe it was Bachmann (presidential candidate) who challenged billionaire Warren Buffet to put his money where his mouth was and help pay off some of the growing deficit. While he didn't exactly do that, he did make a very interesting move. He dumped $5 billion into Bank of America, the largest financial institution in America who has seen stocks dive 30% just in August! Of course, he is a billionaire for a reason. He bought when stocks dove, and the next day he had already made around $1.5 billion of his money back - so I hear.

Obama has some rich friends, including Warren Buffet, to help get him through a tough compaign trail. He has lost a lot of support however with the failing economy. He continues to point the finger at bad politics in the Senate, and I don't totally disagree, but that is just part of the problems. There are some interesting candidates running for president on the GOP side, and everyone is still waiting to hear if Palin will decide to jump in the race.

The East is getting pounded, first by a big earth quake, now Hurricane Irene is about to land on the coast.

Russia had a rocket blow up over Siberia on its way to the space station earlier this week. It has been a very bad week for sure!

On the technology side - facebook has just hit 1 trillion page views! And Blogger, which I am currently using to write this post, has been listed in the top 7 sites to become like a ghost town. In fact, to get anyone to read this, I will have to first link it on Facebook! :) Everyone seems to prefer a short post on Twitter and Facebook these days. And who does MySpace anymore?

I thought this was pretty fitting for this week's news:
The Weather Channel says yesterdays east coast earthquake was caused by an unknown fault line running under D.C. and through Virginia. It is now being called Obama's Fault, though Obama will say it's really Bush's Fault. Another theory is that it was the founding fathers rolling over in their graves, but I believe what we all thought was an earthquake was actually the effects of a 14.6 trillion dollar check bouncing in Washington.

Wacky Newsflash:
Qaddafi seems to have a crush on Condoleeza Rice! Rebels found a photo album in his compound. He stated his love for her back in 2007. Ok, so now this is starting to sound more like Entertainment Tonight or something (is that still a show?). This post has gone downhill, I think I will retire!

That is the latest update on my blogcast, more to come!