Entries in Bloomberg (3)


iPad Mini Arriving Before End of Year, Says Bloomberg

Apple(NEW YORK) -- While the original iPad might have been the longest rumored Apple product before its official announcement in 2010, the 7-inch iPad might soon claim that honor.

Reports of the so-called iPad Mini have surfaced again, with Bloomberg reporting that Apple may release the smaller size tablet by October.

According to Bloomberg’s sources, the smaller iPad will have a screen that’s “7 inches to 8 inches diagonally” but won’t have a Retina Display, like the one on the new iPad. It will also be less expensive than the current iPad, according to Bloomberg.

Recently, technology sites such as iMore have said that the smaller iPad would have a 7.85-inch display, which rumors  pointed to a few months ago.

Apple’s Trudy Muller declined to comment on the iPad Mini rumors.

Rumors of the 7-inch iPad have persisted over the past few years, despite Steve Jobs’ opinions on smaller tablets. During one earnings call he even went so far as to say that a 7-inch tablet would be “dead on arrival.” On that same call Jobs said, “While one could increase the resolution of the display to make up for some of the difference, it is meaningless unless your tablet also includes sandpaper so that the user can sand down their fingers to around one quarter of their present size.”

The 7-inch tablet size, however, has since been popularized by Android tablet makers, such as Amazon and Barnes & Noble. And just last week, Google released the 7-inch, $200 Nexus 7 tablet as Shaw Wu, an analyst at Sterne Agee & Leach Inc., told Bloomberg: “It [the iPad Mini] would be the competitors’ worst nightmare.”

Copyright 2012 ABC News Radio


Soft Drink Industry Fights Back, Depicting Bloomberg as Nanny

Michael Loccisano/FilmMagic(NEW YORK) -- The soft drink industry is fighting back against New York City Mayor Michael Bloomberg’s proposed ban on large sugary drinks, by running an eye-catching, full-page ad in Sunday’s New York Times with an image of the mayor as a nanny.

The ad reads, “Bye Bye Venti: Nanny Bloomberg has taken his strange obsession with what you eat one step further. He now wants to make it illegal to serve ‘sugary drinks’ bigger than 16 oz. What’s next? Limits on the width of a pizza slice, size of a hamburger or amount of cream cheese on your bagel?”

Above and below the photo-shopped image of Bloomberg are the taglines: “You only thought you lived in the land of the free,” and “New Yorkers need a mayor, not a nanny.”

The Center for Consumer Freedom, which is behind the ad, refers to Bloomberg as the “Great Dictator” on its website.

Bloomberg’s plan, which is part of an effort to curb obesity, would make it illegal for food service establishments such as restaurants, street vendors, sports venues and movie theaters to serve sugary drinks larger than 16 ounces.

The ban would apply to both bottled soda and fountain drinks containing more than 25 calories per eight ounces. It would not include alcohol, fruit juices, diet soda or any beverage that is at least half milk. Grocery stores and convenience stores would be exempt.

According to Bloomberg, New York City spends $4 billion a year on health care for overweight residents, and sugary drinks are the most significant factor in the increasing number of obese or overweight New Yorkers.

“In New York City, smoking deaths are down to 7,000 a year from something in the 20s. Obesity deaths are at 5,000 and skyrocketing,” Bloomberg said in an interview with ABC’s “World News” anchor Diane Sawyer. “Obesity will kill more people than smoking in the next couple of years.”

The New York City Beverage Association says banning soda will not much change the city’s obesity rate.

“The New York City Health Department’s unhealthy obsession with attacking soft drinks is again pushing them over the top,” said Stefan Friedman, a spokesman for the association. “The city is not going to address the obesity issue by attacking soda because soda is not driving the obesity rates. In fact, as obesity continues to rise, CDC data shows that calories from sugar-sweetened beverages are a small and declining part of the American diet.”

ABC News’ Dr. Richard Besser said legislation cannot take the place of personal responsibility in choosing how to control calories.

“You have to want to do it, and I don’t think this ban is going to make people want to change their behavior.” said Besser on “Good Morning America.”

Bloomberg argues that the proposal is not a government proscription, but rather a public awareness campaign.

“It’s purely education. It forces you to see the difference, in the case of the two different sized cups,” Bloomberg said. “The public does act when they get the information. And all we’re doing here is saying, ‘If you want to order 32 ounces of soda, in a restaurant that we supervise, this restaurant must give you two 16-ounce glasses.’”

Some New Yorkers supported Bloomberg’s decision and called it a step in the right direction.

“I think it’s a good way to send a message that he’s supporting healthier lifestyles,” said one woman.

Others said the proposed ban is another example of government overstepping its bounds and infringing on consumer choice.

“I don’t think it’s the mayor’s job to decide what sort of soft drinks that people in Manhattan or anywhere in the world want to buy,” said one man.

In statements, both Coca-Cola and McDonald’s came out against the proposal. Coke called the plan an “arbitrary mandate” and encouraged New Yorkers to “loudly voice their disapproval.” McDonald’s labeled it “misguided” and said that solving the obesity epidemic “requires a more collaborative and comprehensive approach.”

The mayor told Sawyer that banning large sodas is no different than other government actions.

“Would you suggest that if there’s asbestos in the building we stay away and just let people walk in and out of the building and die from cancer? I don’t think so,” he said.

Bloomberg has a history of enacting legislation to try to make New Yorkers healthier. Since becoming mayor, he has banned smoking in many public places, outlawed trans fats in the city’s restaurants and required chain restaurants to post calorie counts.

The ban on sugary drinks requires approval from the city’s Board of Health. If passed — which is considered likely because Bloomberg appointed all the board’s members — it could take effect as soon as March.

Copyright 2012 ABC News Radio


Top Three Useful Foreign Languages for Business Excludes Spanish

Noel Hendrickson/Thinkstock(NEW YORK) -- What are the top three most useful languages for business after English? Surprisingly, Spanish didn’t make the cut despite being the official language of 20 countries and spoken by over 329 million people, according to Bloomberg Rankings.

Not surprisingly, Mandarin Chinese is the most useful language for business after English, spoken by 845 million people in the world’s second-largest economy, China.

French (no. 2) and Arabic (no. 3) follow, with Spanish ranking fourth.  Russian, Portuguese, Japanese, German, Italian, Korean, and Turkish followed.

To create the list, Bloomberg Rankings identified the 25 languages with the greatest number of native speakers, then narrowed the list to the 11 official languages of G20 countries, excluding those that designated English.

French is spoken by 68 million people worldwide and is the official language of 27 nations. Arabic, which is spoken by 221 million people, is the official language in 23 nations, according to Bloomberg.

Bloomberg notes their list differs from a report of the top foreign languages studied in U.S. colleges from the Modern Language Association, published in December 2010.

Spanish topped that list with 864,986 enrollments, dwarfing French, which followed next with 216,419 (no. 2). Then there was German (no. 3), American Sign Language (no. 4), Italian (no. 5), Japanese (no. 6), Chinese (no. 7), Arabic (no. 8), Latin (no. 9) and Russian (no. 10).

Copyright 2011 ABC News Radio

ABC News Radio