Get ready for The Wearable Computer
The wearable computer is here. Have you ever seen someone jogging or walking, wearing headphones with an apple ipod or nanopod strapped to their arm? Today's smartphones and ipods are the infants of the miniaturized portable computing world. Remember the old grey-brick sized- motorola cell phones from twenty years ago? Now cell phones fit in the palm of our hand and do much more than allow us to talk, they in fact are tiny computers. This week Intel announced a joint venture with Nokia to develop a minitiarized computer.
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Much needed positive news came from retail sales in May and a shrinking trade deficit added to relatively good news for the week. The Dow Jones Industrial average finished up 1.5% and is now positive year to date.
The week started with an historical exclamation point. GM entered bankruptcy on Monday. This long expected news did little to move the markets, and opens a new chapter in the book of American Capitalism.
