Obama rallies for high tech at home: Loaded
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Apple earnings reach record highs, Xbox rumors ramp up, and Obama tackles energy and tech industry concerns in his State of the Union address.
It's Wednesday, January 25th, 2012. I'm Bridget Carey on CNET.com and it's time to get loaded. During last night's State of the Union Address, President Obama strongly urged congress to continue to fund alternative energy projects, regardless of the risks. It's been a controversial topic since the government has been giving major loans to clean energy companies that end up struggling and filing bankruptcy. The most note worthy of failures was Solyndra, a solar panel manufacturer, which received more than half a billion dollars of tax payer money from the Obama administration. 4 months ago it went bankrupt and shut down operations. During the address, Obama said the pay offs on these public investments don't always come right away. Some technologies don't pan out, some companies fail but I will not walk away from the promise to clean energy. The president touched on several technology topics in his address. He suggested that high tech manufacturers should get double the tax deduction for making products in the US instead of manufacturing overseas. He also pushed incentives to support entrepreneurs like Steve Jobs and encourage more job training in tech fields. There are twice as many science and tech job openings than worker skilled enough to do the jobs. He also called for revamping of the US immigration system so that students who graduated from American universities stay here to staff our labs and start new businesses. If you get wowed by those hand soaps with a little moisturizing beads in it, then I hope you're sitting down for this one. Scientists at the University of Bristol in the UK have created magnetic soap. It's designed to help clean up oil spills and other disasters. The researchers dissolved the iron atoms into the soap solution, the idea is that soap can be picked up by a magnet when clean up is done, removing it from the water and having less of an impact on the environment. If you thought Apple's iPhone 4S wasn't a hit, think again. Apple reported an all time high in its quarterly earnings with revenues of 46 billion and profits 13 billion. The iPhone was the star of the report selling more than 37 million units. Apple also said it sold more than 15 million iPads. That's more than double the iPad sold the same time last year and Apple's Mac computer sales were also at a high. For the first time, Apple sold more than 5 million Macs in a quarter. Xbox rumors are abound as sources tell IGN that the next Xbox game console could hit stores by fall of next year. The new Xbox is said to have AMD 6000 series graphics processor, have 1080p HD, multi display output and 3D. The next Xbox would have 6 times the processing power of the current Xbox 360 and 20% greater performance than Nintendo's next console, the Wii U. Last month, the rumor mill heated up as Microsoft was granted a patent for combining a DVR within a game console. Those are your headlines for today. I'm Bridget Carey for CNET.com and you've just been loaded.