This inequality shows the unjustifiable difference between CEO pay and their workers’ pay. This is why we need #wageratio legislation. This will limit CEO pay based on how well they pay their workers. Sign the petition and reblog to spread awareness!


Apple reports $37.5b revenue for Q4 2013: 33.8m iPhones, 14.1m iPads, 4.6m Macs

Apple’s earnings are always the most highly anticipated results of the season among technology companies, and this year’s September quarter is no different. The tail end of Apple’s fiscal fourth quarter caught the launch of the new iPhone 5s and iPhone 5c handsets and while they were only available for a total of eleven days in fiscal Q4, Wall Street is still expecting Apple’s results to get a nice boost from initial sales of the company’s new iPhones. Apple announced that it sold a record-smashing 9 million new iPhone 5s and iPhone 5c handsets through the devices’ first weekend of availability alone, and analysts have been raising their fourth-quarter estimates ever since. Heading into Apple’s report on Monday evening, consensus estimates were looking for Apple to post earnings of $7.93 per share on $36.8 billion in revenue, right near the top of Apple’s Q4 revenue guidance of between $34 billion and $37 billion. The numbers are now in and Apple crushed estimates, having managed a fiscal fourth-quarter profit of $8.26 per share on $37.5 billion in sales.

More Details atThe Tech Gets

Work and Worth

What someone is paid has little or no relationship to what their work is worth to society. 

Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?

On the other hand, what’s the worth to society of social workers who put in long and difficult hours dealing with patients suffering from mental illness or substance abuse? Probably higher than their average pay of $18.14 an hour, which translates into less than $38,000 a year.

How much does society gain from personal-care aides who assist the elderly, convalescents, and persons with disabilities? Likely more than their average pay of $9.67 an hour, or just over $20,000 a year.

What’s the social worth of hospital orderlies who feed, bathe, dress, and move patients, and empty their ben pans? Surely higher than their median wage of $11.63 an hour, or $24,190 a year.

Or of child care workers, who get $10.33 an hour, $21.490 a year? And preschool teachers, who earn $13.26 an hour, $27,570 a year?

Yet what would the rest of us do without these dedicated people?

Or consider kindergarten teachers, who make an average of $53,590 a year.

Before you conclude that’s generous, consider that a good kindergarten teacher is worth his or her weight in gold, almost.

One study found that children with outstanding kindergarten teachers are more likely to go to college and less likely to become single parents than a random set of children similar to them in every way other than being assigned a superb teacher.

And what of writers, actors, painters, and poets? Only a tiny fraction ever become rich and famous. Most barely make enough to live on (many don’t, and are forced to take paying jobs to pursue their art). But society is surely all the richer for their efforts.

At the other extreme are hedge-fund and private-equity managers, investment bankers, corporate lawyers, management consultants, high-frequency traders, and top Washington lobbyists.

They’re getting paid vast sums for their labors. Yet it seems doubtful that society is really that much better off because of what they do.

I don’t mean to sound unduly harsh, but I’ve never heard of a hedge-fund manager whose jobs entails attending to basic human needs (unless you consider having more money as basic human need) or enriching our culture (except through the myriad novels, exposes, and movies made about greedy hedge-fund managers and investment bankers).

They don’t even build the economy. 

Most financiers, corporate lawyers, lobbyists, and management consultants are competing with other financiers, lawyers, lobbyists, and management consultants in zero-sum games that take money out of one set of pockets and put it into another.

They’re paid gigantic amounts because winning these games can generate far bigger sums, while losing them can be extremely costly.

It’s said that by moving money to where it can make more money, these games make the economy more efficient.

In fact, the games amount to a mammoth waste of societal resources.

They demand ever more cunning innovations but they create no social value. High-frequency traders who win by a thousandth of a second can reap a fortune, but society as a whole is no better off.

Meanwhile, the games consume the energies of loads of talented people who might otherwise be making real contributions to society – if not by tending to human needs or enriching our culture then by curing diseases or devising new technological breakthroughs, or helping solve some of our most intractable social problems.  

Graduates of Ivy League universities are more likely to enter finance and consulting than any other career. 

For example, in 2010 (the most recent date for which we have data) close to 36 percent of Princeton graduates went into finance (down from the pre-financial crisis high of 46 percent in 2006). Add in management consulting, and it was close to 60 percent.

The hefty endowments of such elite institutions are swollen with tax-subsidized donations from wealthy alumni, many of whom are seeking to guarantee their own kids’ admissions so they too can become enormously rich financiers and management consultants.

But I can think of a better way for taxpayers to subsidize occupations with more social merit: Forgive the student debts of graduates who choose social work, child care, elder care, nursing, and teaching.  

Box Office: ‘Star Wars’ Now Unlikely to Beat 'Avatar’ Global Record

Originally posted by a-conjurer-of-cheap-tricks

 There is no doubt that one of the obligations upon the Muslim is that he earn for himself and his family a pure and halal sustenance. There are two aspects to halal sustenance, the first involving earning through halal means , and the second entailing spending only on halal items so as to ensure purity in what a person eats, drinks and is nourished on.


On the authority of Abu Hurayrah (may Allah be pleased with him) who said:

The Messenger of Allah (peace and blessings of Allah be upon him) said,

“Allah the Almighty is Good and accepts only that which is good. And verily Allah has commanded the believers to do that which He has commanded the Messengers. So the Almighty has said: “O (you) Messengers! Eat of the tayyibat [all kinds of halal (legal) foods], and perform righteous deeds” [23:51] and the Almighty has said: “O you who believe! Eat of the lawful things that We have provided you” [2:172]. Then he (peace and blessings of Allah be upon him) mentioned [the case] of a man who, having journeyed far, is disheveled and dusty, and who spreads out his hands to the sky saying “O Lord! O Lord!,” while his food is haram (unlawful), his drink is haram, his clothing is haram, and he has been nourished with haram, so how can [his supplication] be answered?“

Related by Muslim


This hadith introduces the importance of al-tayyeb, that which is good or pure.  The concept of purity and goodness applies to numerous aspects in our lives. As Muslims, we must be careful to enjoy only food and clothing that are halal, use pure speech, and hold pure intentions.

In popular cultures today, there are so many impure things around us.  Indeed, such impurities have become so common and widespread that we may actually think they are beneficial. Nevertheless, if something is impure, then it cannot be good for us regardless of how many people like it or practice it. Our standards should not be set according to what most people say or do. Rather, they should be defined according to the revelation of Allah (swt).

The Muslim is always to be on guard against temptation which may lead him toward doubtful activities, thereby weakening his faith and compromising his religion, no matter how large a profit or gain may be involved. The Prophet (SAW) said, “Leave alone what puts you in doubt and turn toward what does not put you in doubt.” (Reported by Ahmad, al-Tirmidhi, al-Nisai, al- Hakim, and Ibn Hibban in his Sahih.)

He also said, “A person does not reach the rank of the God-fearing (muttaqeen) until he abandons what is harmless out of fear that it may be harmful.” (Reported by al-Tirmidhi.)

Purity is achieved when one earns his sustenance in a halal manner, and then uses it to buy halal food. So, if a person buys pure food from stolen money, this will not be accepted from him. Likewise, if one earns money from permissible means, then uses it to buy impermissible items, such as intoxicants, this too will not be accepted from him. Only when both of these conditions have been met - the way one earns money and the way one spends it - will Allah’s acceptance be gained.

Another hadith affirms the above:

"Whoever gives charity equivalent to a date, from his pure earnings and Allah only accepts pure then Allah will accept it with His right hand, then He will nurture it for its companion, like one of you nurtures his foal, until it becomes like a mountain.”

So charity that is given from impure earnings will not be accepted by Allah, no matter how much is given, whereas charity given from pure earnings will be accepted by Allah, even if equivalent to a date!

It is haram to do business in alcoholic beverages, intoxicants, drugs, swine, idols, statues, or anything of this sort whose consumption and use Islam has prohibited. Any earnings from such business are sinful earnings, and the Fire is likely to be the abode for the flesh which has been nourished on such earnings. Honesty and trustworthiness in such businesses will not be counted as meritorious’ for Islam came to fight and destroy such practices.

Islam prohibits any participation in the promotion of alcoholic beverages, whether it be in their manufacture, distribution, or consumption, and that anyone who participates in any of these is cursed by the Messenger of Allah (peace be on him). The case of other intoxicants and drugs, such as hashish, cocaine, and the like, is the same; manufacturing, distributing, or consuming any of them is haram. In short, Islam prohibits the Muslim to work in any industry, business or profession which deals in, or promotes, anything which is haram.

Similarly, any service rendered in support of injustice or in promoting what is haram is itself haram. For example, it is prohibited to the Muslim to be an employee in an organization which deals in interest, in a bar or liquor shop, nightclub, dance hall, and the like.

It is not a valid excuse to say that one is neither using what is haram nor directly involved with it. As we have stated previously, it is a basic principle of Islam that whatever aids and assists the haram is itself haram. For this reason, the Prophet (peace be on him cursed the person who writes the document of interest and the person who witnesses it, as well as the person who consumes it. Similarly cursed is the person who brings the wine, the one who serves it, as well as the one who drinks it.

On one occasion, the Prophet (SAW) could not sleep all night, tossing and turning. So his wife asked him, “O Messenger of Allah! You spent the night awake, tossing and turning?” He replied,

“I found a date last night under my side, and ate it. (Then I remembered) that we had (in our house) some dates that were meant for charity. So I feared that the date (that I ate) was of it.”

Subhan Allah! The Prophet (SAW) ate one date, forgetting that he had some dates in his house that were meant to be distributed to the poor, and this caused him to have a sleepless night for fear that it might have been from the dates of charity! So how is it that this accidental morsel, which a person would hope to have been forgiven on the basis of innocent intention even had it been haram, caused our beloved Prophet (SAW) so much unrest and discomfort, while one of us might earn his or her entire living through means that are haram without a doubt, and yet still enjoy a deep sleep at night?

O you who believe, do not consume your property among yourselves wrongfully, but let there be trade by mutual consent, and do not kill yourselves; indeed, Allah is ever merciful to you. And whoever does so in enmity and injustice, we shall cast him into the Fire; and that is easy for Allah. (4:29-30)

May Allah SWT make it easy for us to live a Halal life & gain halal earnings, Ameen!

The most important thing to Apple is to make the best products in the world that enrich customers’ lives. That’s our high order bit. That means that we aren’t interested in revenue for revenue’s sake. We can put the Apple brand on a lot of things and sell a lot more stuff, but that’s not what we’re here for. We want to make only the best products.
—  Tim Cook, on Apple’s Q1 2013 earnings call.

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Isn’t it about time we got paid to do what we are doing every day?


Biologists lose out in post-PhD earnings analysis

A study tracing the economic prospects of more than 3,000 US PhD students suggests that around 40% take a job in industry within a year of graduating — where they earn more than their counterparts who stayed in academia.

But earnings depend heavily on the doctoral field, finds the analysis, published on 10 December in Science1. One year after graduating, doctorates in mathematics, computer sciences and engineering raked in the highest amounts — US$65,000 a year on average, with the 60% of engineers who took industry jobs earning around $80,000 a year. Those with biology PhDs earned the least, around $36,000 per year, perhaps because of the effect of many taking postdoctoral fellowships — only 26% of biology graduates went straight into industry jobs.