Why would Republicans, the party of business, want to focus our country on breathing life into a 19th-century technology — fossil fuels — rather than giving birth to a 21st-century technology — renewable energy? As I have argued before, it reminds me of someone who, on the eve of the I.T. revolution — on the eve of PCs and the Internet — is pounding the table for America to make more I.B.M. typewriters and carbon paper. “Typewriters, baby, typewriters.”
Of course, we’re going to need oil for many years, but instead of exalting that — with “drill, baby, drill” — why not throw all our energy into innovating a whole new industry of clean power with the mantra “invent, baby, invent?” That is what a party committed to “change” would really be doing.
Wei-han Lien, the senior manager of Apple’s chip team, [says on LinkedIn] he’s busy at work crafting an ARM processor for the next-generation iPhone.
PA Semi had assembled an all-star cast of chip engineers, including Lien, and Apple confirmed that it bought the company for that talent. In a June interview with The Times’ John Markoff, Apple chief executive Steve Jobs went one step further, saying the PA Semi team would work on designing brand-new processors for future iPhones and iPods. The only question was which kind of processors. […]
By developing its own ARM variant, Apple could create a processor that meets the specific needs of the iPhone and iPod, building support for functions such as the touch screen or scroll wheel into silicon and possibly savings on costs by reducing the number of processors needed in each device. […]
In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself on Sunday to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers, filed for bankruptcy protection and hurtled toward liquidation after it failed to find a buyer.
Last week was traumatic. But the crisis is still a long way from resolution.
Bankers with two or three decades of experience used the words “scary,” “terrifying” and “horrible” to describe the situation.