Category Archives: Business

DONALD TRUMP DEFENDS CASINO CAPITALISM

October 15, 2015 Pol Pinoy Leave a comment

LAS 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!

Business, International, Technology

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

October 14, 2015 Pol Pinoy Leave a comment

MADISON, 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.

Business, Law Enforcement

NEWEST PHILIPPINE SHOPPING MALL SHUT DOWN ONE DAY AFTER IT OPENED

October 11, 2015 Pol Pinoy 1 Comment

Opening day crowd at new Philippine Mall in Cabanatuan City

CABANATUAN CITY, Philippines (The Adobo Chronicles) – On October 9, the newest mega mall in the Philippines opened in Cabanatuan City, north of the capital, Manila. On October 10, the mall was shut down by the police and fire marshall.

The reason? Fire code violation.

Tens of thousands of residents of Cabanatuan and nearby towns and cities flocked to the new mall to be among the first to experience airconditioned shopping and presumably to get a glance of the opening day festivities featuring Queen of All Media (and presidential sister) Kris Aquino, who was among the celebrity guests.

As it turned out, the mall was filled to capacity and there was no room to move about (see photo).

The crowd reminded Filipinos of the everyday ocurrence for commuters on Metro Manila’s Light Railway System, the MRT.