The iPhone at 10: How the smartphone became so smart

iPhone - BBC

On 9 January 2007, one of the most influential entrepreneurs on the planet announced something new – a product that was to become the most profitable in history. BBC News Tim Harford It was, of course, the iPhone. There are many ways in which the iPhone has defined the modern economy. There is the sheer… The iPhone at 10: How… Read More »

India’s object lesson in how not to demonetize

Their 1a

In the first installment of a two-part series, Chan Akya writes that the reasons for demonetization are sound, but that its execution has been bungled. Asia Times By CHAN AKYA It  is something of an article of faith amongst investors in Emerging Markets that economic crises in those markets are at… India’s object lesson… Read More »

China’s falling US debt holdings a ‘short-term adjustment’

China - Asia Times

The most important and market-moving stories from the Chinese-language media Asia Times Lin Wancia and Poo Yee Kai Decreases in the amount of US Treasuries held by China should not be “over-interpreted.” ”That’s the message from… China’s falling US debt… Read More »

Ireland’s love affair with Apple triggers hate at home

A man clears away leaves outside buildings on The Apple campus in Cork, southern Ireland on October 2, 2014. Perched on top of a hill overlooking the Irish city of Cork, surrounded by a dated industrial estate, Apple's European headquarters is an unlikely base for the world tech giant -- now under growing scrutiny over its local tax arrangements. The company has been in Cork since 1980 but the European Commission's suggestion that its tax deal with Ireland may amount to illegal state aid has drawn new attention on the Irish link for the makers of the iPhone and the iPad. AFP PHOTO / PAUL FAITH        (Photo credit should read PAUL FAITH/AFP/Getty Images)

Residents of Cork are souring on the tech giant — the city’s biggest employer — and fanning the flames of Euroskepticism. Politico Chris Spillane CORK, Ireland — The Irish government’s unwavering protection of Apple has infuriated the very people who stand to gain the most. The residents of Cork are… Ireland’s love affair with… Read More »

Asda owner Walmart faces protests over Chinese workers’ pay

Asda - Express

THE retail giant Walmart is facing a backlash over pay from its Chinese workforce, according to reports. Express Danny Backland Four of its stores were subject to wildcat strikes earlier this year and around 20,000 workers – about a fifth of its staff in the country – have joined an online forum to complain about their schedules and share protest slogans. Walmart, which owns the… Asda owner Walmart faces… Read More »

Making Manufacturing Great Again Will Require A Two-Pronged Approach

Aparna Mathur 1a LLLL

Employment in manufacturing peaked in the late 1970s at over 19 million. Aparna Mathur AEI Since then, despite occasional positive bumps, manufacturing employment has shown a long-term secular decline. Today, fewer than 13 million workers are employed in… Making Manufacturing Great… Read More »

Christine Lagarde: IMF boss to remain despite negligence over state payout to businessman

Lagarde - ABC

International Monetary Fund (IMF) chief Christine Lagarde has been found guilty of negligence for failing to challenge a 400 million euro ($575 million) state arbitration payout to a business tycoon in 2008 when she was French finance minister. ABC Despite the ruling, the judges imposed no punishment, citing her preoccupation at the time with the global financial crisis. She had denied the… Christine Lagarde: IMF boss to… Read More »

Farms to focus on more dairy, hogs; less corn planting in 2017

Farming - Asia Times

The most important and market-moving stories from the Chinese-language media Asia Times Poo Yee Kai and Liu Hsiu Wen China will reduce inefficient planting of corn on 10 million mu (1.65 million acres) of land in 2017 while expanding and improving the dairy and hog industries, the Ministry of Agricultural said in a report by the Shanghai Securities… Farms to focus on more dairy… Read More »

Cash in hand: how big is Australia’s black economy?

Economy - The Guardian

A taskforce is to be set up to crack down on the underground economy, but what exactly will it be dealing with? The Guardian Nick Evershed The Australian government has announced a taskforce to “crack down on the black economy”, with a panel reportedly to consider measures such as removing the $100 note from circulation and limiting cash transactions … Cash in hand: how big is Australia’s… Read More »

One of the biggest VC’s in Silicon Valley explains how basic income could fail in America

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Sam Altman is putting a lot of faith in the idea that giving people free money will make them happier and healthier, but that doesn’t mean he’s betting it all. Business Insider Chris Weller Altman is the president of Y Combinator, Silicon Valley’s largest startup accelerator. Beginning in 2017, he and… One of the… Read More »

Greece-Israel-Cyprus Relations: Ripe for Expansion?

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Relations with Greece and Cyprus provide Israel with allied neighbors and bring Israel closer to Europe in terms of security, trade, and energy. Institute for Contemporary Affairs Dr. George Voskopoulos Israel, Greece, and Cyprus are the only working democracies in a region of undemocratic, semi-democratic, and… Greece-Israel-Cyprus… Read More »

Australia’s annual budget deficits worsen by $7.5 billion U.S.

Australia - The Star

The budget would return to surplus in 2020-21, despite falling revenue and a slowing economy, Treasurer Scott Morrison said. The Star Rod McGuirk CANBERRA, AUSTRALIA—Australia’s projected budget deficits for the next four years have increased by 10.3 billion Australian dollars (US$7.5 billion) to AU$94.9 billion as the economy continues to slow following a China-driven… Australia’s annual budget deficits… Read More »

Robots lending a helping hand on Australia’s farms

Robots - Al Jazeera

Are robots the cost-saving innovation that will help Australia’s farmers stay in business? Al Jazeera News Smriti Daniel For a change, Kevin Sanders has decided to let someone, or more accurately, something else count the apples in his orchard. This isn’t the first time his idyllic… Robots lending a helping hand on… Read More »

Yahoo says information from over 1 billion users has been stolen

Yahoo - abc

Yahoo says it believes hackers stole data from more than one billion user accounts in August 2013, in what is thought to be the largest data breach at an email provider. ABC The California company was also home to what is now most likely the second largest hack in history, one that exposed 500 million Yahoo accounts. The company disclosed that… Yahoo says information from over… Read More »

Oil Zone Fighting Threatens Libya with Economic Collapse

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New clashes over Libya’s oilfields could wreck the fragile remains of the country’s economy. ICG Beyond security help, international actors must support compromises on state financing between the opposing factions and help pull Libya back from the… Oil Zone Fighting… Read More »

US advances on clean energy with first offshore wind farm

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Offshore wind farms are in development across the country, but the election of Donald Trump may weaken federal support and squelch an emerging industry The Guardian Katie Fehrenbacher Several miles off the coast of Rhode Island, a clean energy landmark quietly just… US advances on… Read More »