Steve Jobs, who passed away Wednesday at the age of 56, was obsessed with computers from an early age. In 1975, when he was 20, Jobs was part of the Homebrew Computer Club — a group of early computer enthusiasts obsessed with making computers more popular.
"People [would be] all together in a room, jostling, bubbling with ideas, bringing in new technology, new chips, new displays, new networks, new software, everything new," says John Gage, a former member of the club.
Despite concerns about Congress and the European debt crisis, most U.S business owners remain optimistic and expect growth to continue this year, the heads of both General Electric and FedEx said Thursday.
"There's still a lot of growth," GE CEO Jeff Immelt told about 600 executives attending a conference on middle-sized businesses. "It's a long, slow recovery...but it is getting better."
FedEx CEO Fred Smith agreed, saying that shipments of goods continue to reflect a growing economy. "We don't see a contraction," Smith said. "Just slow growth; steady as she goes."
Originally published on Thu October 6, 2011 10:57 am
With New Jersey Gov. Chris Christie (once again) declining to enter the Republican presidential primary race, his core group of financial industry fundraisers – a group that had been urging him to run – went looking for new candidates to endorse.
President Obama is this hour holding a news conference at the White House. We're live-blogging, so be sure to hit your "refresh" button to see our latest additions. If you'd like to hear the news conference, click "LISTEN LIVE" in the box above.
Update at 11:12 a.m. ET. On Tax Cuts:
Republican lawmakers make the case that the president's $447 billion jobs bill relies too much on tax increases and not enough on spending cuts.
Originally published on Thu October 6, 2011 4:15 pm
Like a glass-blower by a wintry sea, Tomas Transtromer has been slowly and painstakingly making poems in his native Stockholm since the early 1950s. In his debut work, the modestly titled Seventeen Poems, published when Transtromer was just 23, the Swedish poet imagined Thoreau in the woods, "disappearing deep in his inner greenness/artful and hopeful."
This year's winning photographers snapped images of wild boars, grey seals, tope sharks, scorpion flies and, yes, even a fox. The competition's best entries will be featured in a coffee table book and in a U.K. exhibition.
"The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever," The Associated Press reports. "Freddie Mac says the average rate ... dropped from 4.01 percent last week, the previous low."
And, "the average rate on a 15-year fixed loan dipped to 3.26 percent, also a record."
Originally published on Thu October 6, 2011 8:56 am
"My role was [to be] the key technologist, the scientist, the engineer that was building all these devices. ... Steve was spotting them and seeing ways to sell them and talking about where they could go. And talking about enhancements and improvements that would take it to the next level. He was always trying to move to the next level."