Apple has accumulated a $76 billion cash hoard. Now, investors are starting to ask just what the consumer-electronics company intends to do with its money pile.

The summary paragraph for an article in the WSJ about Apple’s cash hoard.

I just find this interesting because of the reference to Apple as a “consumer-electronics company.” Most people, including those in the media, still think of them as a computer company, but the Wall Street Journal got it right.

The Party of “No”

David Brooks has been on a roll lately. From another great column, this one criticizing various inflexible Republican constituencies for refusing to compromise with Obama on spending cuts tied to raising the debt ceiling:

Grover Norquist of Americans for Tax Reform has been instrumental in every recent G.O.P. setback. He was a Newt Gingrich strategist in the 1990s, a major Jack Abramoff companion in the 2000s and he enforced the no-compromise orthodoxy that binds the party today.

Norquist is the Zelig of Republican catastrophe. His method is always the same. He enforces rigid ultimatums that make governance, or even thinking, impossible.

Add Asteroids to any page with JavaScript bookmarklet and blow stuff up

Add Asteroids to any page with JavaScript bookmarklet and blow stuff up

President Obama, responsibly acceding to the reality of divided government, is now the leading champion of fiscal austerity, and his proposals contain very little in the way of job creation. More important, he no longer uses his office’s most powerful tool, rhetorical suasion, to keep the country focussed on the continued need for government activism. His opponents’ approach to job creation is that of a cargo cult—just keep repeating “tax cuts”—even though the economic evidence of the past three decades refutes such magical thinking. What does either side have to offer the tens of millions of Americans who have settled into a semi-permanent state of economic depression? Virtually nothing. But if responsibility were fused with conviction—if politics were a vocation in Washington today—the Hartzells would be represented at the negotiating table.

George Packer, writing for The New Yorker