like tax reform, you know, like immigration reform, to actually get things moving again. so far we have not seen any of that. did she have amnesia about the mortgages? that it all came unglued under the bush administration. but subprime mortgages, who was pushing that? that s right. that was actually under the clinton administration. that s absolutely right. but even more than that, when you look at the unemployment story in this country, we are nowhere guys. i mean, let s face it. yes, we are just, you know, above 6% on unemployment. but the fact is the participation rate has plummeted. so even the last employment report where we saw almost 300,000 new jobs created, 800,000 people have simply given up. they ve stopped looking. so the participation rate keeps falling. so you really can t look at this economy right now and say it s so much better than the bush administration. in fact, it s a lot worse, and that s actually a fact. is it based on printing money? yeah. it s not a
i want to talk about apple, they reported late earnings yesterday. the first profit drop in about a decade. people want to know if new products are coming or whether this company is, dare i say, on the decline? on the decline. they sold 37.4 million ipads iphones, 19.4 million ipads. over $43 billion worth of revenue in the quarter. i don t know how much on the decline this company is yet, plus they re handing back about $100 billion in renewed program to get the investors happy again, on the back of what has been a declining share price. yes, things are tougher than it has been at apple for a long time, but they re still making money hand over fist. enormous cash flow and upping the returning to shareholders. it s not all doom and gloom over at apple. thanks, steve sedgwick live for us in london. also want to talk about what s going on in the skies. no relief in sight as the
it took off from boston was headed to kansas city. as it was taking off. it blew a front tire. according to delta, this plane, this jet is out, you know, letting fuel burning off fuel to prevent a possible explosion. an emergency landing at jfk coming updates as we get them. last night s closing ceremonies made the 2012 london olympics the most watched event ever in american television history. 219.4 million tuned. in this year s game had been several million viewers behind the 2008 beijing games. take a bow london. what a job. the feds approving a new vaccine ahead of this flu season. evangelist billy graham could soon leave the hospital after a bought with bronchitis. one dead and dozen others hurt after a transit bus crash in philadelphia.
these properties off of their balance sheets. if you re doing this, work with someone who has done this a few times before. you want to buy in the preforeclosure stage from someone motivated and ready to go, or you want to just buy it it back from the bank. the bank-owned properties. that s the safest, easiest way to go if you re interested in this. the auction is more for the seasoned investors. for the average joe, you, me, and everybody else, buy from a bank or go directly to the seller when they re in default. and save 50%. average is about 30%, 35%. in some markets 50% or more. who doesn t like a bargain? good advice there. from a life-size smurf town, here s a look at stoebls. the new bat mobile unveiled in london. it will be used in a $19.4 million arena show in the uk about the caped crusader. that car runs on hydrogen. it was designed by gordon murray, who has been behind more
mitt romney, how will he focus his campaign now? the treating of the matter is that he seems to be encumbered with his faith, minnesota knights. quite frankly, it s not something that works in the campaign and do you have to look further from a certain congresswoman michelle bachmann, who will never be accused of engaging in any sort of nuts. bob franken, thank you very much. let s look at some of the new stories you may have missed this week. this hot rod will she used in a $19.4 million arena show about the cape crusader. now, the car runs on hydrogen. it was designed by gordon murray, who has been behind by more than 50 of the most successful cars in formula one racing. that s cool.