The World Economy’s Supply Chain Problem Keeps Getting Worse

The World Economy’s Supply Chain Problem Keeps Getting Worse

A supply chain crunch that was meant to be temporary now looks like it will last well into next year as the surging delta variant upends factory production in Asia and disrupts shipping, posing more shocks to the world economy. Manufacturers reeling from shortages of key components and higher raw material and energy costs are…

How Apple built a chip Powerhouse

How Apple built a chip Powerhouse

Steve Jobs long believed Apple should own the technologies inside its products rather than rely on mashups of components from other chip makers, including Samsung, Intel and Imagination Technologies. In 2008, the company made a small but significant step in that direction by acquiring boutique chip maker P.A. Semi. Two years later, Jobs unveiled the iPad….

Some Famously Efficient Japanese Manufacturers Are Now Lying to Compete

Some Famously Efficient Japanese Manufacturers Are Now Lying to Compete

Bloomberg means that Kobe Steel’s scandal over fake quality data is just the latest example of how some competition-pressed Japanese manufacturers are bending the “rules”, and of how desperate these companies have become to stay ahead of Chinese and other foreign competitors. As a fact, an increasing number of companies in China, South Korea, and elsewhere have…

How Two Brothers Turned Seven Lines of Code Into a $9.2 Billion Startup

How Two Brothers Turned Seven Lines of Code Into a $9.2 Billion Startup

Bloomberg reports that for years now, the explosive growth of e-commerce has outpaced the underlying technology; companies wanting to set up shop have had to go to a bank, a payment processor, and “gateways” that handle connections between the two. This takes weeks, lots of people, and fee after fee. Then in 2010, Patrick and John…

The New Face of American Unemployment

The New Face of American Unemployment

Bloomberg reports on the “new face” of American unemployment – one we cannot ignore any longer. Bloomberg finds that as the U.S. labor force crests again, a new complex of problems locks many Americans out of the workplace. Even at so-called full employment, some 20 million Americans are still left behind. While some of America’s jobless are…

People lie but search data tell the truth

People lie but search data tell the truth

Seth Stephens-Davidowitz, in his new book “Everybody Lies,” argues persuasively for a mutiny in social science. As revealed in this article, is that most people tend to lie on surveys and on social media. But in the ostensible privacy of online searching however, he argues, we inadvertently reveal ourselves, and this “digital truth serum” offers…