Archive for the ‘2.0’ Category
The American economy lost 20,000 jobs in April, the fourth consecutive month of decline, in what many economists took as powerful evidence that the United States is almost certainly now ensnared in a recession.
But the number of jobs reported lost by the Labor Department on Friday was significantly smaller than most analysts had predicted, and the unemployment rate nudged down to 5 percent, raising hopes that the economy may not suffer as severely as once feared.
“It strongly argues that this downturn will be mild and short- lived,” said Mark Zandi, chief economist at Moody’s Economy.com. “As long as businesses hold the line on their layoffs, the economy will weaken, but it won’t unravel.”
On Wall Street, investors bought into that thinking, bidding stocks up sharply in morning trading before pulling back in the afternoon, pushing the Dow Jones industrial average up 0.4 percent for the day, to close at 13,058.40, a new high for 2008.
But economists emphasized that a substantial pullback in consumer spending could yet force American companies to lay off hundreds of thousands of workers in coming months if business prospects do not improve swiftly.
The Federal Reserve increased its direct lending to financial institutions on Friday, in an effort to overcome the banks’ reluctance to lend money.
Despite the comparatively modest number of jobs lost last month, economists found clear signs of widening distress for millions of American workers.
Companies are cutting working hours, even as many avoid layoffs. The number of people working part time because of slack business or because they could not find full-time work swelled to 5.2 million in April from 4.9 million in March. In percentage terms, employees working part time involuntarily were the most since 1995.
The average weekly pay for rank-and-file workers — about 80 percent of the American work force — has risen by a mere 3 percent over the last year, to $602.56. But that increase has failed to keep pace with the rise in the cost of living, driven primarily by the soaring costs of food and energy. In inflation-adjusted terms, these weekly wages have slipped by 1.3 percent since late 2006.
iPhone 2.0 Unlocked, Runs All Apps
Posted on: March 13, 2008
- In: 2.0 | Apple | iPhone 2.0 | iPhone 2.0 Unlocked | Unlocked
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Update: Video of project Pwonage after the jump. The beta 2.0 firmware that comes with the iPhone SDK has been modified to unlock the iPhone and run any application. Part of the Pwnage Project, the hacked firmware will allow you to do anything you want, including the installation of both official and unofficial apps, and even patches. We got the exclusive details directly from the DevTeam, including the fact that it is going to be extremely hard for Cupertino to close this new hole:
pwned firmware means it’s custom [firmware], you can have it install anything you would ever want 🙂 Pwned works with some magic, it will be hard to close but nothing is impossible (from Apple) with a mindtwist. But first, we will enjoy 🙂
They told us that this is all part of their previous Pwnage project, which instead of trying to hack into the iPhone, directly patches the firmware itself to both unlock it, so you can use the iPhone with any carrier you want, and allow you to install any applications you want. You can see how it works here:
According to the Dev Team, the custom 2.0 firmware (technically, 1.2.0,) is now up and running without problems in many of their iPhones, running unsigned applications without a single problem. However, current Installer.app applications need to be changed: “they changed lots of the API, a lot. We will see how much has to be changed to the Toolchain [the previous development tool for iPhone independent developers] to still work after 2.0.”
The best news, however, is this: “the hacked 1.2 firmware works with anything. AT&T and others, it’s pwned. And Apple will not really be able to patch it this time… somehow :-)”
I’m flabbergasted. As Han Solo would say, “that’s one in a million, kid!” Once again.
The cool thing here is that Dev Team told us that this is 1) a true unlock and 2) Apple will have a very difficult time closing this hole. That’s the news, not just jailbreak—in fact, it’s not even jailbreak in the classic sense. It’s built-in the hacked firmware, which allows for installation of any application, unsigned or “Apple Approved”
In other words, true carrier and applications independence. And for a long time.
Note: as you can see, the Dev Team is still working hard in making the iPhone a completely open, carrier-independent platform. If you want to help them, please send a Paypal donation to iphone.devteam@gmail.com or join them at hackint0sh.org.
Valleywag - valleywag.wordpress.com 
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