How the U.S. Lost Out on iPhone Work
By CHARLES DUHIGG and KEITH BRADSHER
SolidarityEconomy.net via New York Times
Jan. 21, 2012 - When Barack Obama joined Silicon Valley’s top luminaries for dinner in California last February, each guest was asked to come with a question for the president.
But as Steven P. Jobs of Apple spoke, President Obama interrupted with an inquiry of his own: what would it take to make iPhones in the United States?
Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.
Why can’t that work come home? Mr. Obama asked.
Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest.
The president’s question touched upon a central conviction at Apple. It isn’t just that workers are cheaper abroad. Rather, Apple’s executives believe the vast scale of overseas factories as well as the flexibility, diligence and industrial skills of foreign workers have so outpaced their American counterparts that “Made in the U.S.A.” is no longer a viable option for most Apple products.
Apple has become one of the best-known, most admired and most imitated companies on earth, in part through an unrelenting mastery of global operations. Last year, it earned over $400,000 in profit per employee, more than Goldman Sachs, Exxon Mobil or Google.
However, what has vexed Mr. Obama as well as economists and policy makers is that Apple — and many of its high-technology peers — are not nearly as avid in creating American jobs as other famous companies were in their heydays.
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by Daphne Wysham
As the Kyoto Protocol comes into force this month, a carbon rush is gaining steam in the financial industry. Investors predict that carbon could become one of the largest markets in the world, with a trading volume of $60 billion to $250 billion by 2008.
Supporters assert emissions trading allows the invisible hand of the market to do what the “command and control†approach to regulation of greenhouse gas emissions can not; that is, meet and even exceed expectations of emissions reductions.
Critics charge that carbon trading is a smokescreen: At best, it will represent a 
by Jerry Harris, SolidarityEconomy.net
.US hegemony rapidly disappearing
US economic and political hegemony has degraded further in the rapidly globalizing world. At the World Bank Paul Wolfowitz has lost control through his own corrupt crony capitalism. But his problems stem as much from Iraq as his current missteps. Globalists who fill the bureaucracy at the World Bank never were comfortable with the US unilateralist coming to their home and Wolfowitz opened the door for their attacks. That the US can no longer control the internal politics at the World Bank is a good indicator of how far its political influence has fallen. 
by Jerry Harris, SolidarityEconomy.net
. Income up for Venezuelan poor
A marketing research group, Datos, reports that the real income of the poorest Venezuelans, 58 percent of the country, have risen 130 percent under President Hugo Chavez. Although inflation is running at 19.3 percent that is lower than the 52 percent average in the early 1990s before Chavez took office.
. What they say
Neoliberal economist Adam Posen recently attacked Germany’s Mittelstand economic sector. These are the middle and small size business’ that employ 70 percent of the German people. Writing for the Peterson Institute for International 
by Cliff DuRand, Center for Global Justice
It is now generally recognized that the U.S. invasion and occupation of Iraq is an unmitigated disaster –some say the biggest foreign policy mistake in U.S. history, meaning it even surpasses the U.S. war on Vietnam. At the same time it has helped to lay bare the reality of U.S. imperialism. But lest we think of that as an aberration peculiar to the Neo-cons running the Bush presidency, I want to argue that there are basic continuities between the Non-con view of the role of the U.S. in the world and the Liberal view that has characterized the foreign policy establishment since at least WWII and certainly for the last quarter century. Let me begin by characterizing the Neo-con and Liberal views in the 
by Jerry Harris
.Viet-Nam’s stock markets grows
Viet-Nam’s six year old stock market is undergoing massive growth. Daily trading has gone from half-a-million in 2005 to $50 million a day in December 2006. Listed companies have risen from 30 to 107 and larger state enterprises, including commercial banks, are expected to be listed this year. Market capitalization has reached $14B. However Viet-Nam restricts daily share price movement for any stock to just five percent to protect the market from wild fluctuations and manipulation.
.India’s Muslims lack economic and social equality
India’s Muslim population faces similar social conditions as minorities in the US. They are unable to rent or buy property in many areas and their children are rejected from the better public schools. Literacy rates average 59 percent for Muslims compared to the national average of 65 percent. Average years in school for Muslim boys run only three years compared to the national average of four, and for Muslim girls the average is 
by Jerry Harris, SolidarityEconomy.net
. IMF admits workers income is shrinking
The IMF has stated globalization is driving down the share of national income going to workers. The world labor force increased 400% over the past 20 years with China, India and eastern Europe integrating into the global economy. This has rapidly increased the number of educated workers which the IMF says has the biggest impact in the industrial countries, negatively effecting skilled workers. The IMF contends technology has a bigger impact on the unskilled and is responsible for the growing lack of income among workers in this sector. The IMF’s blame on technology sidesteps the question of who controls technology. Blaming “technology,†rather than how the capitalist class organizes its use, makes lower wages and more unemployment seem like a force of nature or the market. The IMF still defends globalization as increasing the overall pie, stating workers are doing better, they just have less of more. 
by Jerry Harris
by Jerry Harris, SolidarityEconomy.net
. Financial independence in Latin America
A new South American development bank may be set-up to rival the US dominated Inter-American Development Bank (IDB). The new bank has the backing of Venezuela, Argentina, Brazil, Bolivia, Ecuador, Paraguay and Nicaragua and will have a capital base of $7B. Early priorities such as loans for education and health in Bolivia have been identified with further plans to dispense with many of the conditions normally attached to World Bank and IDB lending. An insider from the IDB was reported saying, “With the money of Venezuela and political will of Argentina and Brazil, this is a bank that could have lots of money and a different political approach. No one will say this publicly but we don’t like it.†(FT, 7/23/07, p. 6)
A big factor making the bank possible is the rise in commodity prices and a flood of liquidity allowing countries in South America to build up account surpluses and strengthen reserves. Higher commodity prices have been made possible by the rise of manufacturing in China and its huge demand for industrial inputs. Thus the global growth of third world economies allows countries to cast off 
by Jerry Harris, SolidarityEconomy.net
. Vets get lousy health care
The growing scandal over health care for veterans of the Iraq war needs some historical perspective. Members of the press, Congress and Pentagon all have expressed shock and awe over the horrible conditions that some vets had to live in at Walter Reed hospital and the bureaucratic mess and hassle of receiving treatment. How can America treat its heroes in such a manner, they ask? Unfortunately it's nothing new. Viet-Nam vets got shafted with lousy health care, go back and read Ron Kovack’s well known novel “Born on the Fourth of July,†or just rent the movie. Or how about all the vets suffering from exposure to Agent Orange? For years the Veterans Administration Hospitals refused to treat them for cancer and other effects insisting there were no physical conditions caused by the deadly defoliant. It took years in court to finally force the military to pay attention and give 
