The numbers for September 22, 2014
Ten million phones bought, 56 million cards stolen and a lot of loan defaults.
In New York Monday morning, everyone is talking about climate change. Thousands of protesters marched to promote awareness and action; the Rockefellers, who made their fortune in oil, announced their $860 million charity will divest from fossil fuels and Mayor Bill de Blasio announced a 10-year, $1 billion-dollar plan to cut the city’s greenhouse gas emissions 80 percent from 2005 levels by 2050. All of this is timed with the climate summit convening at the UN Tuesday.
So everyone’s talking about the environment this morning — including us — but we’re reading some other stuff, too. Let’s take a look at those numbers:
10 million
Apple sold more than 10 million iPhone 6 and 6 Plus devices since Friday, beating the first-weekend sales of the iPhone 5, CNET reported. Apple also upsold more people on pricier models with more storage than it has in past years, one analyst told Business Insider. Apple makes 70 percent of its profits from the iPhone, and that flash storage is high-margin. Overall, it’s a good day for Apple and a bad day for the millions of women trying to fit those bigger iPhones in their pockets.
2008
That’s when Home Depot reportedly got the first warnings they might have a cyber-security problem, about six years before 56 million cardholders’ information would be stolen in a massive data breach. Former network security employees told the New York Times that Home Depot was lax about security, using outdated antivirus software and failing to regularly scan for vulnerabilities.
14.7 percent
The nationwide three-year default rate on student loans in 2013, this year’s numbers are expected Monday. Schools exceeding a 30 percent default rate three years in a row or 40 percent in a single year can lose federal funding, the Chronicle of Higher Education reported, and this year the department of education has changed its criterion from a two-year default rate to the ostensibly more accurate three-year rate. The default rate is on the rise, and one department of education official told the Chronicle as many as two to three dozen schools could lose federal aid.
2/15/14
In case you missed it, that’s the day the Baltimore Ravens front office reportedly first learned what was on a security camera tape from inside the casino elevator where former running back Ray Rice knocked out his then-fiance. According to an ESPN investigation published late Friday afternoon, Ravens higher-ups pushed for leniency from both prosecutors and the NFL as they tried to keep the tape — which became public two weeks ago — under wraps.