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Posts Tagged ‘Apple Inc.’

Can anybody guess in what nation the writer of the following lives? “People who work here have to work 15 hours a day without Saturday, Sunday break and any holidays. Otherwise, they will suffer torture, beatings and rude remarks. Nearly no payment (10 yuan/1 month).” That translates to about $1.61 a month.

If you guessed China, you got it right. The beatings, the torture, the horrible wages, they’re all on behalf of Apple, Microsoft, Nike and hundreds of other US corporations. Many of these corporations are from other nations.

Don’t let anybody fool you. The Chinese are suffering under their communist/corporate masters. They’re not living in some middle class nirvana, at least not most of them.

Click the link below for the complete story.

http://shine.yahoo.com/work-money/letter-chinese-laborer-pleading-help-found-halloween-decorations-202400773.html

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The Department of Justice has decided to file price fixing charges against Apple, Inc. The DOJ is alleging that Apple conspired with book publishers to fix the price of ebooks. In other words, Apple has been accused of illegally redistributing money from the 99 percent to the one percent via illegally higher prices, profits and higher dividends and share prices than would otherwise have been the case.

Click here for the complete story

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(Reuters) – In the eight years since Zhang Shuxiang first left her village in the poor interior of central China, she worked in 20 factories before coming to the assembly line of a Foxconn plant making products for tech firms including Apple. She wants it to be her last.

click here for the complete story

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China has a trade deficit and it bodes evil for the world’s economy. Let’s face it. Much of China’s manufacturing is done on behalf of US corporations. The US government doesn’t want you to know that. The hideous US international trade deficit is mostly with US companies and their contractors and subcontractors. Nike makes of ton of its stuff there, so does HP, Apple and hundreds of others. Now all of sudden international demand has dampened for these goods. That suggests layoffs are ahead in China, which dampens demand for US made products there. But there’s something significantly more sinister about the Chinese trade deficit. It means that demand for manufactured goods is declining throughout the world. Maybe that means large geographic areas are going into recession. When your government continues to redistribute income from the 99 percent to the 1 percent via legislation, that weakens the demand for goods and service. That process has continued under Obama. Are we heading for recession? Maybe. We’ll see.

click here for the complete story

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