Media Navel-Gazing: January 20, 2011
Business news was dominated by Apple news with Chief Executive Steve Jobs on Monday announcing that he was tacking a medical leave and the company reporting the next day that profits rose 78 percent in its latest quarter (no mention of the medical leave, however, on the earnings-announcement call with analysts).
- President Hu Jinta of China arrived to the US for his state visit;
- Senator Joseph I. Lieberman of Connecticut announced that he would not seek a fifth term;
- Sargent Shriver, Kennedy aide and in-law who was a leading force for the Peace Corps died at 95 years old; and
- Goldman Sachs pulled an about-face and decided not to offer US clients shares in Facebook amid fears that the intense media spotlight around the private offering may violate US securities laws.
US Manufacturing Jobs Heating Up
Elsewhere, in news that seemed not to get as much as attention as I expected, the Labor Department reported this week that US factory jobs grew 1.2 percent in 2010, reversing a trend and posting the first increase since 1997. Granted, a lot of jobs have been lost but an uptick is an uptick is an uptick, especially in a sector that has clearly been ticking down.
Also Heating Up
And surely likely to help sales tick higher, Playboy announced (actually Hugh Hefner tweeted, probably while robed) that the magazine - both old and news - will be available on iPad beginning in March. "Playboy on iPad will be uncensored." So there we have it, from the most famous bachelor pad in the world to the iPad.