Current+Event+4

Current Event #4

http://www.washingtonpost.com/3-more-secret-service-employees-ousted/2012/04/24/gIQAXohHfT_story.html

This article is about the scandal that is going on with the secret service. It does not say much about the case itself but mostly talks about what the officers being charged are doing. Two are resigning, but will still be punished and removed from their position. One will be relieved of his security clearance, which means he will not be allowed to work for the secret service, but can apply for other federal positions. The decision means the Secret Service has determined the fates of the 12 employees implicated in the scandal, though several could still appeal the decision. Six other employees either resigned, were fired, or permitted to retire. Another agent was cleared of wrongdoing but will face administrative action. I think it is quite funny how even those we respect and are supposed to do nothing but good get caught up in something like this.

http://www.latimes.com/business/technology/la-fi-tn-apple-earns-20120424,0,4969319.story

Apple is going beyond their expectations selling 35 million iPhones and 12 million iPads on the way to its best second quarter ever. The company reported $39.2 billion in revenue, including $11.6 billion in profit, a near-doubling in earnings over the same quarter a year ago. The crazy sells even surprised Wall Street analysts who said their revenue would be $36.9 billion and in profit $9.4 billion. Still, the company that a few months ago seemed invulnerable earning the title of world's most valuable company by stock value, with shares sailing to an all-time high of $644. The company's stock had dropped 13% since its peak on April 10, a loss of nearly $80 billion in market value. Its losses continued on Tuesday during regular trading, with the stock dropping $ 11.42, or 2%, to $560.28. I think Apples climb up the business ladder is just insane, they are making so much money it's just unbelievable.