Tag Archives: Apple

Robert Scheer: Apple’s China Comes Home to Haunt Us

18 Feb

Forty years ago Nixon cut a deal with China:

At the heart of the deal was a rejection of the basic moral claim of both egalitarian socialism and free market capitalism, the rival ideologies of the Cold War, to empower the individual as the center of decision-making. Instead, the fate of the citizen would come to be determined by an alliance between huge multinational corporations and government elites with scant reference to the needs of ordinary working folk.

It was understood by both parties to this grand concord that monopoly capitalism could be constructed in China to be consistent with the continuance in power of a Communist hierarchy, just as in the West capitalism was consistent with the enrichment of an ostensibly democratic ruling class. Sharp income inequality, the bane of genuine reform movements bearing the names populist, socialist and democratic, came to be the defining mark of the new international order.

via Robert Scheer: Apple’s China Comes Home to Haunt Us.

Apple Facts That Will Blow Your Mind (AAPL)

30 Jan

Apple is sitting on an incredible pile of cash. Read these comparisons and think:

Apple now has $97.6 billion in cash. Last year the company increased its cash hoard by nearly $38 billion. That means Apple was adding $1,200 to its cash pile every second.

In GDP terms, Apple’s cash pile alone would make it the 58th largest country. That’s ahead of global hot spots Iraq and Libya while just trailing Qatar, a country with enough economic clout that it was selected to host a World Cup. Maybe we could look forward to a 2026 World Cup in Cupertino?

At its current Forbes valuations, Apple could buy every single NFL, MLB, NBA, and NHL team — and still have $31 billion left in the bank.

Of course, the numbers really get crazy if Apple hits expectations and keeps adding to its cash pile in the quarters ahead.

* After next quarter, Apple’s cash hoard will be able to pay the entire total the federal government’s costs for education in a year.

* In two quarters, Apple’s cash hoard will be able to pay for the inflation-adjusted cost of the Marshall Plan ($115 billion).

* By the end of next year, Apple’s cash hoard will be larger than all of the corporate taxes America collected in 2009 ($138 billion)!

via Apple Facts That Will Blow Your Mind (AAPL).

Apple, America and a Squeezed Middle Class – NYTimes.com

21 Jan

Why have high-tech manufacturing jobs left the US and will they ever come back? The NYTimes has a fascinating article using Apple’s iPhone as a central case study. We aren’t going to get those jobs back. Maybe we need to rethink how we life, top to bottom.

Another critical advantage for Apple was that China provided engineers at a scale the United States could not match. Apple’s executives had estimated that about 8,700 industrial engineers were needed to oversee and guide the 200,000 assembly-line workers eventually involved in manufacturing iPhones. The company’s analysts had forecast it would take as long as nine months to find that many qualified engineers in the United States.

In China, it took 15 days.

Companies like Apple “say the challenge in setting up U.S. plants is finding a technical work force,” said Martin Schmidt, associate provost at the Massachusetts Institute of Technology. In particular, companies say they need engineers with more than high school, but not necessarily a bachelor’s degree. Americans at that skill level are hard to find, executives contend. “They’re good jobs, but the country doesn’t have enough to feed the demand,” Mr. Schmidt said.

via Apple, America and a Squeezed Middle Class – NYTimes.com.