Apple keeps on growing! Steve Jobs' empire set to become world's most valuable company

Apple is set to become the world’s most valuable company this year, financial analysts said yesterday.

It is predicted to leapfrog the current number one, oil giant Exxon Mobil, capping a remarkable rise for the gadget firm, which is thriving on sales of Mac computers, iPhones, iPods and now iPads.

Shares in Apple are predicted to rise a staggering 32 per cent over the next 12 months, driving the company’s market value up to £269.5billion.

Rising shares: Apple CEO Steve Jobs at the launch of the iPad last year. 14.8m of the devices have since been sold, pushing the company's value up to £269.5billion

That is tipped to be sufficient to overhaul Exxon, currently valued at £263billion, even taking into account that its value is also set to increase, with rising oil prices likely to drive up its profits.

The rest of the top ten is dominated by mining and energy heavyweights, along with Apple’s long-time rival Microsoft, now trailing behind a firm it used to beat easily.

Apple reported its best ever quarterly results last month, continuing its relentless rise up the list of the world’s biggest companies.

Where the magic happens: Apple, which is thriving on sales of Mac computers, iPhones, iPods and now iPads, is based in Cupertino, California

In the last three months of 2010 alone, it sold 3.89million Macintosh computers, 14.1million iPhones, 9.05million iPod music players and 4.19million iPad tablet computers.

The better-than-expected figures for iPhones – which benefited from an expansion of their U.S. network – and iPads caused many analysts to upgrade their 12-month
predictions for Apple’s share performance.

Although Apple suffered a momentary setback when shares plunged early last month after CEO Steve Jobs said he was taking a medical leave of absence, experts remain bullish over its prospects, saying it has only just begun to exploit the international market.

Cool and quirky image: Apple's iPod preceded the colourful iPod Minis and Nanos, which proved a hit with millions of customers

‘Analysts are as giddy as you can be, but Apple just keeps surpassing those numbers,’ said Pete Najarian, co-founder of stock market website TradeMonster.com.

Although it has long cultivated a unique reputation with a loyal customer base devoted to the ‘cool’, quirky brand and aesthetically pleasing design, it is only in recent years that Apple has transformed into a sales juggernaut.

Founded in California in 1976 by Steve Jobs and Steve Wozniak, it grew in the shadow of Microsoft and was given up for dead a decade ago but surpassed the PC giant last May to become the world’s most valuable technology company.

Its rise is likely to be boosted with a thinner, lighter and souped-up version of its iPad tablet computer that is reportedly already in production.

Some experts expect the company to sell as many as 35million iPads this year, more than doubling last year’s 14.8million sales.

However, Apple’s latest success comes just months after it was accused of exploiting workers, with a spate of suicides among workers at manufacturing plants in China.

Fourteen workers at the Foxconn Technology Group factories, which make iPhones and iPads for Apple, killed themselves last year amid complaints of ill-treatment, causing Apple to launch an investigation.,,

Rihanna makes history in UK chart
Rihanna has set a new record as the first female solo artist in UK chart history to achieve number one singles in five consecutive years.
The Official Charts Company announced her record after What's My Name? rose from number two to the top spot.
The last solo artist to achieve the feat was Elvis Presley, who had number ones in each year from 1957 to 1963.
Rihanna's album Loud also holds on to its number one slot, giving her the second UK chart double of her career.

Loud has now sold nearly 900,000 copies since its release in November last year.

As well as her number one, Rihanna, who is 22 and from Barbados, also appears on two other songs in the top 10 - Only Girl (In The World) and Who's That Chick.

Only Girl (In The World) was a number one last year and followed other number ones for Run This Town (2009), Take A Bow (2008) and Umbrella (2007).

Other albums which have re-entered the top 10 are Plan B's The Defamation of Strickland Banks, Rumer's Seasons Of My Soul and Cee Lo Green's The Lady Killer which climbs to its highest chart position yet at number four.

In the singles chart, the BBC's Sound Of 2011 winner, Jessie J, climbs to number five from last week's 18 with Do It Like A Dude.

Rosh Hashanah (Hebrew: ראש השנה‎, literally "head of the year," Israeli: Hebrew pronunciation: [ˈʁoʃ haʃaˈna], Ashkenazic: ˈɾoʃ haʃːɔˈnɔh, Yiddish:[ˈrɔʃəˈʃɔnə]) is a Jewish holiday commonly referred to as the "Jewish New Year." It is observed on the first day of Tishrei, the seventh month of the Hebrew calendar.[1] It is ordained in the Torah as "Zicaron Terua" ("a memorial with the blowing of horns"), in Leviticus 23:24. Rosh Hashanah is the first of the High Holidays or Yamim Noraim ("Days of Awe"), or Asseret Yemei Teshuva (Ten Days of Repentance) which are days specifically set aside to focus on repentance that conclude with the holiday of Yom Kippur.

Rosh Hashanah is the start of the civil year in the Hebrew calendar (one of four "new year" observances that define various legal "years" for different purposes as explained in the Mishnah and Talmud). It is the new year for people, animals, and legal contracts. The Mishnah also sets this day aside as the new year for calculating calendar years and sabbatical (shmita) and jubilee (yovel) years. Jews believe Rosh Hashanah represents either analogically or literally the creation of the World, or Universe. However, according to one view in the Talmud, that of R. Eleazar, Rosh Hashanah commemorates the creation of man, which entails that five days earlier, the 25 of Elul, was the first day of creation of the Universe.[2]

The Mishnah, the core text of Judaism's oral Torah, contains the first known reference to Rosh Hashanah as the "day of judgment." In the Talmud tractate on Rosh Hashanah it states that three books of account are opened on Rosh Hashanah, wherein the fate of the wicked, the righteous, and those of an intermediate class are recorded. The names of the righteous are immediately inscribed in the book of life, and they are sealed "to live." The middle class are allowed a respite of ten days, until Yom Kippur, to repent and become righteous; the wicked are "blotted out of the book of the living."[3]

http://en.wikipedia.org/wiki/Rosh_Hashanah

For secular Jews

It would happen each fall around the Jewish new year. At the very time when renewal was in the autumn air, Arnold Barnett, an engineer from Moorestown, would go into a mild funk. His wife eventually figured it out: He was less than enamored with high holiday synagogue services.

"He simply wasn't engaged by what went on inside our Reform synagogue, or with the traditional approach to Judaism," said Ellen, 70. "I knew he was struggling. So sometimes, I would just go to services alone."

Then last year, the Barnetts saw a small notice in a local Jewish newspaper about a recently formed group in South Jersey. "We went to a meeting that was focused on Jewish history," Arnold, 71, recalls, "and that was something I could relate to. It was much more appealing."

And so the Barnetts will celebrate Rosh Hashanah, which begins Wednesday at sundown, by meeting Sunday with like-minded members of South Jersey Secular Jews - a group of people who may or may not believe in God, but do believe in caring about the world and one another, respecting and understanding Jewish history, and celebrating a culture that has meaning and emotional pull.

"The most important aspect of secularism is the survival and continuity of the Jewish people," said Paul Shane, a native New Yorker now living in Philadelphia and married to the daughter of Holocaust survivors.

Shane, 75, a member of the more established Philadelphia Secular Jewish Organization, believes humans are responsible for what happens on Earth. The here and now is central, and actions speak louder than words.

That philosophy resembles traditional Judaism. But secular Jews and traditional Jews part company when it comes to accepting religious dogma.

If you're secular, God is optional. (Traditional Judaism has "God at its heart. That's not an option," said Rabbi Ethan Franzel of Main Line Reform Temple Beth Elohim in Wynnewood.) Also, life-cycle events are handled individually - for instance, there are no set burial or wedding traditions in secular Judaism.

Of course secularism, in which one adheres to cultural norms rather than religious ones, is hardly new. During the Renaissance, from 1450 to 1600, and the Enlightenment in the 18th century, many Jews shed the God-oriented elements of their Jewishness, according to Shane, a professor of social policy at Rutgers University in Newark. That shedding also continued in the late 19th and early 20th centuries.

What's different today is that a growing number of secular Jews are finding one another, forming groups, and practicing the social responsibility Judaism requires - minus the synagogue.

Rifke Feinstein, executive director of the national Congress of Secular Jewish Organizations, says there are approximately 2,000 affiliated secular Jews in the United States. But because seculars typically are unaffiliated, and therefore uncounted, estimates for the entire American secular population range from 8,000 to 40,000.

In the Philadelphia area, there are six such organizations for secular Jews - including the five-year-old South Jersey Secular Jews - all under the local umbrella cooperative venture called Kehilla for Secular Jews.

For many people, discovering that such an organization exists has been a relief.

" 'I thought I was the only one!' is what people often express when they discover that they are not alone in their secular relationship to their Jewishness," said Larry Angert, 59, a member of 11-year-old Shir Shalom: A Havurah for Secular Jews. "The Jewish tent is big, and there's room for all of us in it."

Some local secular groups, like Philadelphia's Sholom Aleichem Club, which started in 1954, and Philadelphia Workmen's Circle, founded nationally in 1900 to aid Jewish immigrant workers and to promote Yiddish, have graying memberships. Bob Kleiner, 85, of Elkins Park, a retired sociology professor at Temple University, and his wife, Frances, a teacher of Yiddish, both long active in the secular movement, lament that younger people are not actively involved in these historic groups.

But the formation of new groups, such as South Jersey Secular Jews, is evidence the movement still has traction.

Credit Naomi Scher, 64, of Cherry Hill, whose children attended the Jewish Children's Folkshul, another Kehilla group, which is a parent-run cooperative held at Springside School in Philadelphia. About 100 children receive their Jewish education, not in a traditional Hebrew school but in classes that nourish social justice and individual responsibility. Bar and bat mitzvah aspirants undertake personally meaningful projects that they ultimately share with the entire Folkshul community.

Although Scher formed relationships with parents of her children's classmates, commuting to Philadelphia became burdensome once her children graduated, and in 2005, the retired social worker decided to start a secular group closer to home.

What began as a gathering of eight to 10 people now regularly attracts 30, meeting monthly with speakers who address social and political concerns, Scher said.

Deborah Chaiken, 74, of Palmyra is delighted to have a group close to home. "In the formal Jewish community, I felt that I didn't really have a voice. Here, I know that I do."

Dues are $25 a year, and participants are asked to bring food for potluck dinners. Meetings are held on the second Sunday of the month at Unitarian Universalist Church in Cherry Hill..

South Jersey Secular Jews members Cary and Bilha Hillebrand of Cherry Hill call the group a welcome addition to the local landscape. For Bilha, 54, the philosophy of the group is more in keeping with that of her native Israel, where the majority of the population leads a more secular lifestyle.

"We are not in any way antireligious," says Cary, 60. "We hold the belief that we are responsible for what happens to ourselves and to the world. And to us, that's the essence of what religion is, and should be."

WASHINGTON – BP will set aside $20 billion to pay the victims of the massive oil spill in the Gulf, senior administration officials said Wednesday, a move made under pressure by the White House as the company copes with causing the worst environmental disaster in U.S. history.

The independent fund will be led by lawyer Kenneth Feinberg, who oversaw payments to families of victims of the Sept. 11, 2001, terrorist attacks. In his current role, Feinberg is known as Obama's "pay czar," setting salary limits for companies getting the most aid from a $700 billion government bailout fund.

Obama was to announce the deal in a Rose Garden statement later Wednesday after wrapping up a meeting with BP executives at the White House.

The officials familiar with the details spoke to the AP on condition of anonymity before the announcement.

The still-unfolding disaster in the Gulf, as tens of thousands of gallons of oil continue to pour from the broken well daily, is jeopardizing the environment and ecosystems along with the livelihoods of tens of thousands of people across the coastal areas of Louisiana, Mississippi, Alabama and Florida. Those affected ranged from fishermen to restaurateurs to oil rig workers idled by Obama's temporary halt to new deep-sea oil drilling.

BP spokesman Toby Odone declined to comment on the fund..

Several big questions remain unanswered, including when BP would start processing claims and paying people out of the fund; who and what would exactly be covered under the plan; how the White House and BP came up with a figure of $20 billion; and whether other involved companies will be required to chip in.

At $20 billion, the size of the fund is the same that was recommended by congressional Democrats.

BP has taken the brunt of criticism about the oil spill because it was the operator of the Deepwater Horizon rig that sunk. It also is a majority owner of the undersea well that has been spewing oil since the explosion.

But when the day of reckoning finally comes, it may not be the only one having to pay up. That's because Swiss-based Transocean Ltd. owned a majority interest in the rig. Anadarko Petroleum, based in The Woodlands, Texas, has a 25 percent non-operating interest in the well.

Feinberg ran the unprecedented $7 billion government compensation program for the victims of the 2001 terrorist attacks. It was a job that lasted nearly three years as he decided how much compensation families of the victims should get, largely based on how much income they would have earned in a lifetime.

As pay czar, Feinberg has capped cash salaries at $500,000 this year for the vast majority of the top executives at the five major companies that received bailout funding: American International Group, GMAC Financial Services, Chrysler Financial, Chrysler and General Motors.

The selection of Feinberg was praised by Democratic Sen. Charles Schumer of New York. "He did an amazingly good job in New York for the families of those lost on September 11 and received plaudits from all sides. I believe when Feinberg completes his mission here, the people in the Gulf will feel the same way," Schumer said in a statement.

The development came as Obama was meeting on his turf with top BP leaders to press the London-based oil giant to pay giant claims.

BP Chairman Carl-Henric Svanberg, CEO Tony Hayward, and other officials walked slowly as a group from the Southwest Gate of the White House, climbing the steps leading to the West Wing.

Joining the president in the room were Vice President Joe Biden, Attorney General Eric Holder, White House chief of staff Rahm Emanuel and the secretaries of energy, interior, commerce, homeland security and labor.

The meeting came the morning after Obama vowed to an angry nation that "we will make BP pay for the damage their company has caused."

The crisis began with a deep water well that blew out on April 20, killing 11 rig workers and triggering the spill.

Obama in his speech to the nation on Tuesday night backed creation of a fund administered by an independent trustee to pay damages and clean up costs associated with the spill.

For the president, the tough diplomacy with a few officials behind closed doors is a bookend to his attempt to reach millions at once. Using a delivery in which even the harshest words were uttered in subdued tones, Obama did not offer much in the way of new ideas or details in his speech. He mainly recapped the government's efforts, insisted once again that BP will be held to account and tried to tap the resilience of a nation in promising that "something better awaits."

Obama's forceful tone about BP's behavior shows how far matters have deteriorated. The White House once had described BP as an essential partner in plugging the crude oil spewing from the broken well beneath nearly a mile of water. Now Obama says BP has threatened to destroy a whole way of life.

An Associated Press-GfK poll released Tuesday showed 52 percent now disapprove of Obama's handling of the oil spill, up significantly from last month. Most people — 56 percent — think the government's actions in response to the disaster really haven't had any impact on the situation.