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Tag Archives: Apple

Zero Hedge — China Accuses Apple, Foxconn Of Breaking Chinese Labor Laws

The biggest surprise, however, is that China appears to be right. When contacted by Bloomberg, Apple said that, after conducting an investigation, it found the “percentage of dispatch workers exceeded our standards” and that it is “working closely with Foxconn to resolve this issue.” It added that when it finds issues, it works with suppliers to “take immediate corrective action.” Foxconn Technology Group also confirmed the dispatch worker violation following an operational review....  Zero...

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Tyler Durden — China Threatens Apple With “Anger And Nationalist Sentiment” If It Doesn’t Share The Wealth

I was just wondering a day or two ago just how long it was going to take for China to play the Apple card.Making an offer you can't refuse.Coming to your neighborhood soon: Chinese boycott of US and US boycott of Chinese goods by patriotic consumers.Zero HedgeChina Threatens Apple With "Anger And Nationalist Sentiment" If It Doesn't Share The Wealth Tyler DurdenSee alsoWhere did that technology come from?The Political Economy of DevelopmentMariana Mazzucato on the State behind trillion...

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Dean Baker — Apple Transfers $252 Billion in Citigroup Account from Irish Subsidiary to Parent Company

Dean Baker explains how international capital flow (capital flight and repatriation) is just a matter of switching account balances. There is no "cross-border" transfer of funds in "bringing back" dollars earned abroad. This is what bringing money back to the United States means. Under the old tax law companies often attributed legal control of profits to foreign subsidiaries, so that they could defer paying taxes on this money. However the money was often actually held in the United...

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Eli Meixler — Tim Cook Says Learning How to Code is More Important than English as a Second Language

Last month, the Apple exec told Fortune about how the company developed the programming language Swift to encourage students of all ages to learn to code. “All this curriculum stuff is free. Anybody can have it that wants it around the world. We've done it in multiple languages,” he said. FortuneTim Cook Says Learning How to Code is More Important than English as a Second LanguageEli Meixler

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Tesla & The New Economics Of The Coming Renewable Energy Boom

I don’t need to tell anyone of the importance of Tesla’s expansion into home battery technology. A home battery lets you store solar energy to use when the sun isn’t shining, which is a really, really major thing in terms of power distribution. As I’ve been pointing out for years, this is the crucial missing link between photovoltaic cells being a rapidly, rapidly cheapening technology with a lot of rollout potential, and photovoltaic cells being the major source for the world’s power. As I...

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I Don’t Understand the Apple Watch

In 2006, I was telling anyone who would listen — which, given that I was a nerdy 19-year old, wasn’t many people — to buy Apple stock. Back then Apple seemed to be on the verge of something amazing. I had had an iPod since 2003, and had just bought a Macbook Pro, and was blown away by OS X. The operating system and interface had a crispness and an attention to detail that made Windows PCs seem like a muddled mess. Turns out I was right about Apple. The past decade has seen Apple blow up...

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