January 2012

Apple Not So Cool After All

apple made in chinaThe New York Times has a lengthy article, How the U.S. Lost Out on iPhone Work and implies, we, Americans, just can't compete and we should just lay down and die when it comes to advanced manufacturing. Good God, what a sad state of affairs.

In early 2011, President Obama asked what would it take to make the iPhone in the United States instead of China and late Steve Jobs replied:

Those jobs aren’t coming back.

On really? Isn't that the classic CEO speak to get off my case and haven't we heard that one before? Instead of cheap labor being the reason corporations move to China, we have growing, much more sinister, motivations.

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.

No Bank Prosecutions From Attorney General Who Used To Represent The Banks!

dojlogoWe all know there is no justice when it comes to criminal and even civil prosecutions for the financial crisis. We all know there is no justice when it comes to foreclosures. Are you aware the Obama administration is about to let the banks once again off the hook?

Maybe this has something to do with it. Reuters gives us just a little insight as to why their have been no criminal prosecutions of banks and civil penalties have been slaps on the wrist.

U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department's criminal division, were partners for years at a Washington law firm that represented a Who's Who of big banks and other companies at the center of alleged foreclosure fraud.

Great, so the highest prosecutor in the land had the Banksters as clients for years.

Holder and Breuer were partners at Covington, the firm's clients included the four largest U.S. banks - Bank of America, Citigroup, JP Morgan Chase and Wells Fargo & Co - as well as at least one other bank that is among the 10 largest mortgage servicers.

Reuters is really piecing together the implications with this paragraph. Wow!

Hey Geeks - Way To Go! You Just Stopped SOPA & PIPA

stopsopaOn January 18th Internet websites shut down, including this one. The simultaneous black out was in protest of two bills before Congress, SOPA and PIPA. On January 20th, Senate Majority Leader Harry Reid shelved the Senate version of the bill, PIPA, for a floor vote and House Judiciary Chair Lamar Smith just suspended SOPA in committee. SOPA and PIPA are D.O.A.

I have heard from the critics and I take seriously their concerns,” said Lamar Smith, House judiciary chairman and the sponsor of the Stop Online Piracy Act, as he announced the suspension of work on the bill.

Mr Smith’s retreat followed a similar move in the Senate, where majority leader Harry Reid postponed a scheduled vote on the related Protect Intellectual Property Act “in light of recent events.

Some were not happy, such as Democrat Senator Patrick Leahy:

PIPA/SOPA supporter Senator Patrick Leahy (D-Vermont), miffed by this sudden turn of events, offers his own statement. “I understand and respect Majority Leader Reid’s decision ... But the day will come when the Senators who forced this move will look back and realize they made a knee-jerk reaction to a monumental problem.”

An Interesting Action Challenging the Census

12010_census_reapportionmentJudicial Watch, a notoriously conservative group, has filed a Amicus Curiae Brief with Supreme Court. This is a opinion on case Louisiana v. Bryson What's it all about? Counting illegal immigrants in the 2010 Census.

The state of Louisiana, in a broad new challenge to the role of undocumented immigrants in American society, asked the Supreme Court on Monday to rule that those who are in the country illegally should not be counted in the ten-year national census, at least for purposes of deciding how to divide up seats in the U.S. House of Representatives. In a lawsuit filed directly in the Court, without prior action in lower courts, the state contended that it has been denied one potential seat in the House because illegal immigrants are counted in census totals, putting Louisiana at a disadvantage in House apportionment. The first step in the case of Louisiana v. Bryson (140 Original) is for the Court to decide whether to allow the lawsuit to go forward in the Court, presumably after hearing from the federal government.

Residential New Construction Housing Starts Decrease -4.1% for December 2011

The December 2011 Residential construction report showed Housing starts dropped -4.1% from November's revised 685,000, to a level of 657,000. This is +24.9% above December 2010, or 526,000 housing starts. Housing starts decline was due to apartments, 5 units or more of one building structure, which dropped -27.8% in one month.

 

We're Losing Our High Technology Advantage America

Howz that globalization workin' out fer ya? A new National Science Board report, Science and Engineering Indicators 2012, finally shows some bleak statistics for American Scientists and Engineers. High-technology manufacturing has lost 28% of jobs since a 2000 employment high of 2.5 million. That's 687,000 jobs. Below is the NSB report graph of the drop in high-tech manufacturing employment for the last decade.

hightechemp

U.S. employment in high-technology manufacturing reached a peak in 2000, with 2.5 million jobs. The recession of 2001 provided the first big hit causing “substantial and permanent” job losses, the report said. By the end of the decade, more than a quarter of the jobs were gone.

NSB committee chair Dr. José-Marie Griffiths:

We’re seeing the result in the very real, and substantial, loss of good jobs

Inflation is Zero for the 2nd Month in a Row Yet Highest Year Since 2007 Says the December 2011 CPI Report

The December Consumer Price Index, which measures inflation, had no change, or zero from last month. This is the second month in a row for zero inflation. The flat line was caused by a -1.3% energy decrease. Gas alone decreased -2.0% in a month. Food increased 0.2%. For the year, not seasonally adjusted, the Consumer Price Index for all Urban Consumers (CPI-U) has risen 3.0%.

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