Apple set for decline, apparently

Via Wired:

Another reason for the Apple selloff: Two banks (Morgan Stanley and RBC Capital) cut their ratings on the stock.

“First, PC unit growth is decelerating and the remaining source of growth is increasingly in the sub-$1,000 marker, where Apple does not play” said Morgan Stanley analyst Kathryn Huberty, in a published note.

Oh if only there was some way Apple could lower the cost of their computers somehow. Obviously it sells the Mac Mini for less than $1,000 (even with added bling), but that doesn’t count because, um, it’s too small to be a real PC. And the news is grim on the laptop front, where the MacBook starts at $1099; there’s no way Apple could find room in its famously hefty margins to cut $100 off that. Looks like Apple is doomed.

Or maybe Morgan Stanley employ a bunch of shaved monkeys, and that’s why they’re doing so well at the moment.

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Chemical irritant empties Islamic Society of Greater Dayton’s mosque

The Dayton Daily News has a story about a terrorist attack on a mosque in Ohio. Entirely coincidentally, an anti-Muslim DVD was distributed to thousands of households in Ohio earlier in the week.

Daily Kos has an email account of the attack:

She told me that the gas was sprayed into the room where the babies and children were being kept while their mothers prayed together their Ramadan prayers. Panicked mothers ran for their babies, crying for their children so they could flee from the gas that was burning their eyes and throats and lungs. She grabbed her youngest in her arms and grabbed the hand of her other daughter, moving with the others to exit the building and the irritating substance there.

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Prescient, if perhaps Obvious

Cringely reposts an excerpt from a post of his that appeared two days after 9/11. Right now it seems obvious, but I don’t know if it seemed that way then:

‘To a man with a hammer, everything looks like a nail,’ wrote Mark Twain. In the current context this means that the organizations charged with reacting to this catastrophe will do so by doing what they have always done, only more of it. Congress, which controls the budget and passes laws, will want to pass laws and to allocate more money, lots of money, forgetting completely about any campaign promises. The military, which is the nation’s enforcer, will want to use force, if only they can find a foe. The intelligence community, which gathers information, will want to be even more energetic in that gathering, no matter what the cost to the privacy of the millions of us who aren’t thinking of terrorist acts. And agencies like the Federal Aviation Administration, which regulate, will want to create more stringent regulations. Now here is an important point to be remembered: All these parties will want to do these things WHETHER THEY ARE WARRANTED OR USEFUL OR NOT.

A billion here, a billion there

It worked. That’s a really large number. Kudos for a job well done.

Forbes writes on part of the reason that the American public is so skeptical of the Bush administration’s bailout proposal:

In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.

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