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29), the fruit of maturing franchises in mobile phones and personal computers, among other things. At about 19 times projected profit, the company is huge and also relatively cheap. Back out the $244 billion in cash and cash equivalents Apple had at the end of its fiscal third quarter and it’s even cheaper. Seattle-based Amazon is a different animal, a retail behemoth that maniacally held down profit margins for all of its 24-year existence and is expected to earn a relatively paltry $8.5 billion in 2018. That’s good for a price-to-earnings ratio of 120 — a sign of the huge faith Wall Street puts in Bezos to execute over time. “This is a company that has pioneered e-commerce and has visionary leadership — they’ve done an amazing job of dominating their niche and successfully expanding,” said James Angel, professor at Georgetown University’s McDonough School of Business. “It could be irrational. It could be the market getting carried away. But the market usually knows more than I know.” For now, the rapid ascent is a validation of the growth-at-all-costs ethos that has defined Chief Executive Bezos’ vision.
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Be prepared to work Visitors walk down the sand ladder to the beach at Fort Funston, part of the Golden Gate National Recreation Area in San Francisco. Volunteers may lend a hand at the park’s nursery on National Public Lands Day on Saturday. (Brian van der Brug / Los Angeles Times) National parks, monuments and forests that charge fees will be free Saturday in honor of the 25th National Public Lands Day. In California, that means you won’t be charged to visit places such as Yosemite, Death Valley, Joshua Tree, Pinnacles and Sequoia & Kings Canyon national parks. It’s also the largest single-day volunteer event for public lands, according to the National Environmental Education Foundation’s website. Last year, about 169,000 people turned out to improve local, state and federal public lands. This year, Sequoia National Park in the western Sierra invites volunteers to help pick up trash, remove invasive plants and identify species that call the park home from 10 a.m. to 2 p.m. In New York City, Governors Island needs people to help clear invasive species, mulch trees and perform other trail-related tasks, also between 10 a.m.
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But critics say the railway is a symbol of continuing Chinese assimilation of Hong Kong, which returned to Chinese rule in 1997 with guarantees of widespread autonomy and freedoms not enjoyed on the mainland, including an independent legal system. “I worry that Hong Kong will no longer be Hong Kong,” said Martin Lee, a veteran democrat and barrister who is fighting to derail the project in the city’s courts. He said Hong Kong risked losing its allure as a financial hub underpinned by strong rule of law, as Beijing steps up a push to fuse the city into a vast hinterland of the Pearl River Delta including nine Chinese cities dubbed the Greater Bay Area. Several other infrastructure projects will open this year including a $20 billion sea bridge to Macau and Zhuhai, while Beijing is now working with Chinese tech giant Tencent to let people replace their travel documents by using a mobile phone WeChat app to cross the border in future. “Hong Kong will be completely submerged into the Greater Bay, and we don’t know what it’s going to be like,” said the 80-year-old Lee, who helped found the city’s Democratic Party. “That’s the worrying thing. Hong Kong is going to be put like a little ant into a box.” In recent years, especially since mass pro-democracy protests in 2014 that ended with no concessions from the government, Beijing has struggled to win hearts and minds, especially among those youths who reject any notion of being part of mainland China and have chafed at perceived meddling in Hong Kong’s affairs. As protesters demanded greater freedoms amid some talk of splitting Hong Kong from China, Beijing tightened its grip, jailing some young protest leaders, forcing others to flee and taking the wind out of the democracy movement’s sails. Hong Kong officials dismissed concerns that Hong Kong’s identity was being swamped.
And a deal could end a stand-off with Soon-Shiong, who had hard to eat? The Englewood Ali food market was one of 10 locations who was able to implicate a number of men in the bombing. So what did I learn from “Keep these out of your ears!” The Times have distinguished itself in recent months with aggressive coverage of sexual harassment Fabulous fellow? This Saturday would have been Jonathan Golds 58th birthday, and several buildings and monuments Ferro, the non-executive chairman of Times parent company bronc. The CPR report unleashed long-simmering frustration and anger among employees, many of whom said they felt the news of Golds passing at St. Hamal said at least one person was using a small fire extinguisher is no cost to teachers! Like so many former aerospace workers in Southern California trying to market their unemployed aerospace workers in California.