iphone slump rumbling through tech
Wall Street Journal
Apple Inc. may not want to talk about iPhone unit sales anymore. That leaves the company’s massive global supply chain to do the talking for them.
Lately, the word there has not been great. Two suppliers—Lumentum Holdings and Japan Display —scaled back their forecasts Monday. Both observed the strict code of silence that Apple imposes on its suppliers, in that neither explicitly blamed weak iPhone demand for their actions or even mentioned the company by name. But Apple is a big source of business for both; the iPhone maker accounted for half of Lumentum’s revenue in last year’s December quarter, according to the company’s regulatory filings.
And Morgan Stanley estimates the iPhone will drive about 50% of Japan Display’s revenue this year as well.
Those were just the latest data points pointing to a weak turnout for Apple’s newest crop of iPhones.
Amazon on Tuesday confirmed what had been rumored and leaked to press in recent months by announcing it would split its “second headquarters” between New York City and Arlington, Va.
Protests against insulin prices … and the ashes of children
— Anger over insulin prices in the U.S. has swelled as the nation’s largest insulin makers have hiked the price of the drug. Those price increases are now the subject of a class-action lawsuit and have drawn the attention of lawmakers in Washington.
— But the price hikes are also fueling public outcry by patients, caregivers, and clinicians. Last month, patients and activists marched outside Lilly’s headquarters demanding “insulin for all.”
— When Alec Smith son had health insurance, he paid between $200 and $300 a month for the insulin and supplies he needed for his type 1 diabetes. He died on June 27, 2017 — less than a month after his 26th birthday, when he could no longer stay on his mother’s health insurance plan. Without insurance, the restaurant manager was facing about $1,300 a month in out-of-pocket costs, according to Smith-Holt.
US kinda gives up on helping screwed-over student borrowers
— The students attended institutions with pragmatic names like the Minnesota School of Business and others whose branding evoked ivy-draped buildings and leafy quads, like Corinthian Colleges. Tens of thousands of them say they are alike in one respect: They were victims of fraud, left with useless degrees and crushing debts.
— Now the government program meant to forgive the federal loans of cheated students has all but stopped functioning.
√ Which was the whole idea behind appointing all-world scumbag Betsy DeVos to be Secretary of Profiting From Education.
Data brokers selling millions of dating profiles online
— If I’m signing up for a dating website, I usually just smash the “I agree” button on the site’s terms of service and jump right into uploading some of the most sensitive, private information about myself to the company’s servers: my location, appearance, occupation, hobbies, interests, sexual preferences, and photos. Tons more data is collected when I start filling out quizzes and surveys intended to find my match.
— Because I agreed to the legal jargon that gets me into the website, all of that data is up for sale—potentially through a sort of gray market for dating profiles.
— These sales aren’t happening on the deep web, but right out in the open. Anyone can purchase a batch of profiles from a data broker and immediately have access to the names, contact information, identifying traits, and photos of millions of real individuals.
“Tiny Putin” photo causing stir in Russia
CALIFORNIA’S BLAZING NIGHTMARE
* At least 31 dead
— As relatives desperately searched shelters for missing loved ones on Sunday, crews searching the smoking ruins of Paradise and outlying areas found six more bodies, raising the death toll to 29, matching the deadliest wildfire in California history.
— Wildfires continued to rage on both ends of the state, with gusty winds expected overnight which will challenge firefighters. The statewide death toll stood at 31. The Camp Fire that ravaged a swath of Northern California was the deadliest.
>>> Many Californians, some as many as a hundred miles from a fire, report thick, gray air in their neighborhoods. School was canceled in some areas because of the smoke, as the danger is worse in places where smoke is visible. (SOLANO DAILY REPUBLIC)
>> Wind gusts of as high as 35 mph are expected Monday for portions of Thousand Oaks and Malibu where the deadly Woosley fire has destroyed 177 structures and killed two people. (LA DAILY NEWS)
Postal Service e-mail program a huge security risk
Krebs on Security
— “Informed Delivery,” a new offering from the U.S. Postal Service lets residents view scanned images of all incoming mail … likely to be abused by identity thieves and other fraudsters unless the USPS beefed up security around the program and made it easier for people to opt out. This week, the U.S. Secret Service issued an internal alert warning that many of its field offices have reported crooks are indeed using Informed Delivery to commit various identity theft and credit card fraud schemes.
NYC raid begins crackdown on AirBnB
Wall Street Journal
— A team of New York City law-enforcement officers swarmed a Manhattan condominium last month, issuing 27 notices of violations for illegal hotel use in one of the largest crackdowns on short-term rentals such as those listed on Airbnb.
— The raid at the Atelier, a 46-story Midtown luxury tower, may be a sign of what’s to come. New York and other cities are seeking to limit short-term rentals that can run afoul of local laws designed to limit hotel-style stays in residential buildings.
— The violations went to 20 different apartment owners who allegedly rented to guests from at least 15 countries including Argentina and Spain. Some guests paid $400 a night, and one group of six from Switzerland paid a total bill of $3,823 for a short-term stay, according to city records.
— Two members of the Atelier condo board were among those cited for making illegal short-term rentals. They also were accused of putting up illegal partitions in their units to create extra rooms.
Black security guard foils gunman, then shot by cops who thought he was the criminal
— A black security guard this weekend prevented a potential mass shooting at the bar where he worked — and was then gunned down by an Illinois police officer who mistook him for a criminal.
— WGN TV reports that 26-year-old armed security guard Jemel Roberson was working at Manny’s Blue Room Bar in Robbins, Illinois on Sunday morning when he was attacked by a gun-wielding man whom witnesses say had been kicked out of the bar earlier in the evening.
Dem leads slow-count Arizona vote tally by nearly 30,000
China launches campaign against celebrity TV
UK Daily Mail
Florida wingnuts swear there’s voter fraud, call for police probe
Based on zero evidence, of course.
GI Bill all screwed up now, with thousands waiting for payments
… as of Nov. 8, more than 82,000 are still waiting for their housing payments with only weeks remaining in the school semester, according to the VA. Hundreds of thousands are believed to have been affected.