Monthly Archives: October 2015

Business, Economy, Politics

DONALD TRUMP DEFENDS CASINO CAPITALISM

Leave a comment

imageLAS VEGAS, Nevada (The Adobo Chronicles) – At Tuesday’s CNN Democratic debate, the issue of casino capitalism was front and center when moderator Anderson Cooper asked Senator Bernie Sanders if he considered himself a socialist.

During the debate, Sanders defended democratic socialism and declared he was not a capitalist.

“Do I consider myself part of the casino capitalist process by which so few have so much and so many have so little, by which Wall Street’s greed and recklessness wrecked this economy?” Sanders said. “No, I don’t.”

Hillary Clinton responded by saying the country needs to “save capitalism from itself.”

Reacting to that exchange, Republican presidential candidate and frontrunner Donald Trump used his Twitter page to defend casino capitalism.

“In contrast to the Democrats, I am in favor of casino capitalism, and I’m good at it. Hey, I own several casinos,” the real estate mogul said.

That’s Trump’s economic plan. In less than 140 characters!

Politics

SENATOR NANCY BINAY WILL REPLACE HER DAD AS CANDIDATE IF HE WITHDRAWS FROM PHILIPPINE PRESIDENTIAL RACE

Leave a comment
The Binays - L-R: Junjun, Nancy, Jejomar, Abigail, Elenita
The Binays – L-R: Junjun, Nancy, Jejomar, Abigail, Elenita

MAKATI CITY, Philippines  (The Adobo Chronicles) –  There is a lot of speculation that Vice President Jejomar Binay will eventually withdraw from the 2016 Philippine presidential race because of dwindling ratings as well as graft charges he could be facing as recommended by the  Office of the Ombudsman.

In order to maintain the Binay political dynasty, Senator Nancy Binay is reportedly ready to replace her dad as candidate for president should he decide to withdraw from the race.

Speaking of political dynasty, now that the Vice President’s son, JunJun has been dismissed from the service as mayor of Makati City, — also because of graft charges — another Binay daughter, Abigail, said earlier that she is prepared to run for mayor in place of her brother.  Abigail is currently serving as an elected representative in Congress, and will soon be termed out.

To keep everything within the family circle, Abigail’s husband, Luis Campos,  will run to replace her on her Congressional seat.

And what does Elenita (the Vice President’s wife and former Makati mayor) think of all this? “Politics is in our blood. The more Binays in politics, the better,” she told reporters.

 

 

Business, International, Technology

APPLE TO RECALL MILLIONS OF IPHONES AND IPADS AFTER LOSING PATENT LAWSUIT

Leave a comment

imageMADISON, Wisconsin (The Adobo Chronicles) – If you have an iPhone 5S, 6 or 6 Plus, or the later generation iPad, you could be receiving a recall email message from Apple.

A U.S. jury on Tuesday found the company accountable for using processor chip  technology owned by the University of Wisconsin-Madison without permission  in many of its iPhones and iPads.

The jury in Madison, Wisconsin, also said the Wisconsin Alumni Research Foundation (WARF) patent, which improves processor efficiency, was valid. The trial will now move on to determine how much Apple owes in damages.

Apple could face up to $862 million in damages for patent infringement.

Rather than paying the damages,  and in an effort to maintain its integrity among loyal Apple fanatics, the company has chosen to recall the phones and tablets in question, and will replace them with all-new devices using Apple-owned processor chips.

Replacement could take as long as  six months.  Apple has to open new factories in China and the Philippines in order to manufacture the replacement phones.