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chartbook
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cephalopods
Argentina caught a Chinese ship trying to steal 180 tonnes of its squid
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Google admits those infamous brainteasers were completely useless for hiring
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Ben Bernanke spooked global markets—a lot
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Apathetic shareholders can be as much of a problem for companies as hostile ones
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Physics 101
Ground Control to Major Wang: Meet Chris Hadfield’s YouTube successor in space
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Watch the progressive desperation of HSBC’s chief China economist as the manufacturing sector tanks
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The next phase of China’s global soft power push is exporting higher education
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The only winners of the NSA debacle are companies that protect your online privacy
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body politics
The US just chucked this human trafficking grenade at Russia and China
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Like the G8, the Swiss aren’t ready to give up secrecy just yet
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3D printing money
Stratasys just acquired MakerBot, the one 3D printing firm that could have disrupted it
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Hot or not
After Tinder, kids of the future may be asking “Mommy, which app did you meet Daddy in?”
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Pre-emptive strike
How Google dodged anti-trust law to buy Waze
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ballers
Hong Kong is rolling in more millionaire money than Singapore
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Quantitative unease
The Fed statement looks taperific to markets
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Home Sweet Home
America, meet your newest neighbors: the Nigerians
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humanity
There are more people displaced by war and other conflicts than two decades ago
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No pain no gain
China’s central government is dueling its banks over the country’s cash crunch
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Tips from the C-suite
How Jeff Bezos, Richard Branson, and other business chiefs hold ruthlessly effective meetings
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Fedex is betting that people won’t be sending more stuff by air anytime soon
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The mysterious firing of the Men’s Wearhouse “like the way you look” guy
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US teachers are not adequately prepared to do their jobs
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Coal-spewing Hebei factories are killing 40 Beijing babies a year
Fewer white-suited Foxconn workers to wave to next time Tim Cook pays a visit? AP Photo/Apple
Could iPhone 5 sales be as weak as reports on China manufacturing suggest?
The Financial Times reports today that Foxconn, Apple’s main manufacturing partner in China, has stopped recruiting new workers amid reduced orders for the iPhone 5. The news adds heft to reports last month that Apple had cut orders for iPhone 5 parts amid weaker-than-expected demand for its flagship smartphone. Key highlights from the FT piece:
- Foxconn has stopped recruiting nationwide for the first time since 2009, and it appears linked directly to more modest growth in iPhone 5 demand.
- The average career of a Foxconn worker is shorter than 13 months, which means its workforce could soon shrink by tens of thousands if there’s no new hiring.
- The recruiting freeze appears to include iPad manufacturing lines as well.
Apple’s shares, which have fallen 19% over the past three months, are down in pre-market trading. We’ve contacted the company for contact, and will update when we hear anything.
