Financial News 10/3/12 – Presidential Debates 2012, Iran Sanctions, iPad Mini


Financial News 10/3/12 – Presidential Debates 2012, Iran Sanctions, iPad Mini

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    It’s presidential debates time tonight! This will be Romney’s first debate with President Barack Obama, and the Republican candidate will definitely have some convincing and cleaning up to do, or will he do some flip flops and saltos for us. I mean it’s definitely entertaining, but if you are voting for Romney do make sure that you fall into the 53% category of Americans who can take care of themselves, because the 47% of American want to leech of off the state, instead of going to the emergency room. Are you confused as I am? Don’t worry, that’s what Romney’s campaign intended to do. Confuse you into submission, and then hope for the best! Three debates are coming up, I which Romney will try to look less creepy while President Obama will remind us, that it was he, who single handedly killed Bin Laden. This should be very entertaining! May the better man win!

    And apropos presidential elections and everything. If any of you were wondering if the economic sanction against Iran were working, wonder no more. According to media reports, Iranian riot police clashed with demonstrators and foreign exchange dealers today in Tehran, over the collapse of the Iranian currency, which within a week, has lost 40 percent of its value against the dollar. Demonstrators, angered by the plunge in the value of the rial, were scattered by police with tear gas. Slogans against President Mahmoud Ahmadinejad, were shouted by protesters, saying his economic policies (also known as nuclear program) had fuelled the economic crisis. Iran’s inflation rate is at around 25 percent and the currency’s weakness is starting to seriously hurt living standards and is threatening jobs. The government blamed speculators for the rial’s collapse, but that did not convince many Iranians who are now scrambling to get their hands on the dollar.

    After the huge iPhone5 success, according t some reports, Apple has now started production on an iPad Mini, with a possible release for this years’ holiday season! Steve Jobbs would be very proud if this indeed is true. Way to go on masking the map app disaster. Apparently the iPad mini will feature a 7.85-inch liquid-crystal display, to stay competitive in the rapidly growing tablet market. Some reports claim the iPad mini will go for as little as $249, but may feature a low resolution display.

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