Stealing White: How a corporate spy swiped plans for DuPont’s billion-dollar color formula By Del Quentin Wilber [Bloomberg Business]
“At first, you’re like: Why are they stealing the color white? I had to Google it to figure out what titanium dioxide even was,” says Dean Chappell, acting section chief of counterespionage for the FBI. “Then you realize there is a strategy to it.” You can’t even call it spying, adds John Carlin, the assistant attorney general in charge of the U.S. Department of Justice’s national security division. “This is theft. And this—stealing the color white—is a very good example of the problem. It’s not a national security secret. It’s about stealing something you can make a buck off of. It’s part of a strategy to profit off what American ingenuity creates.”
China rates its own citizens - including online behaviour: "The Chinese government is currently implementing a nationwide electronic system, called the Social Credit System, attributing to each of its 1,3 billion citizens a score for his or her behavior. The system will be based on various criteria, ranging from financial credibility and criminal record to social media behavior. From 2020 onwards each adult citizen should, besides his identity card, have such a credit code." [more inside]
The Economic Risks of Climate Change in the United States (PDF); prospectus (PDF); press coverage (YT) - "The signature effects of human-induced climate change—rising seas, increased damage from storm surge, more frequent bouts of extreme heat—all have specific, measurable impacts on our nation's current assets and ongoing economic activity. [The report] uses a standard risk-assessment approach to determine the range of potential consequences for each region of the U.S.—as well as for selected sectors of the economy—if we continue on our current path..." [more inside]
The iEconomy: Apple and Technology Manufacturing. Since January, the New York Times has been running a series of articles "examining the challenges posed by increasingly globalized high-tech industries," with a focus on Apple's business practices. The seventh article in the series was published today: In Technology Wars, Using the Patent as a Sword. Related: For Software, Cracks in the Patent System and Fighters in the Patent War. [more inside]
Adam Humphreys created a successful business helping people navigate the Chinese embassy's bureaucracy (in a van parked across the street).
Made in America: small businesses buck the offshoring trend - "For US manufacturing to make sense, factories must make extensive use of automation. That's getting easier, given that the cost of robots with comparable capabilities has decreased precipitously in the past two decades." [more inside]
The Man Who Makes Your iPhone - Bloomberg Businessweek profiles Terry Gou, the founder and chairman of Foxconn, the controversial manufacturer of consumer electronic devices for Apple, Sony, HP and Dell, among others.
Say you're a Chinese company wishing to appear more global and well-to-do without all the messy hubbub of hiring a foreigner. What do you do? Drop $44 and rent a white guy.
China is the new Detroit. New car sales in the United States plunged more than 20 percent in 2009 to a 27-year low 10 million vehicles, less than the 12.23 million sold in China during January-November, making the Asian giant the world's largest car market for the first time. That marked a turning point in the global auto industry, which had been led by the Big Three Detroit companies since Ford Motor Co. began mass production in 1913, introducing the world's first conveyor belt system.
In 2010, Obama will have a miserable year, NATO may lose in Afghanistan, the UK gets a regime change, China needs to chill, India's factories will overtake its farms, Europe risks becoming an irrelevant museum, the stimulus will need an exit strategy, the G20 will see a challenge from the "G2", African football will unite Korea, conflict over natural resources will grow, Sarkozy will be unloved and unrivalled, the kids will come together to solve the world's problems (because their elders are unable), technology will grow ever more ubiquitous, we'll all charge our phones via USB, MBAs will be uncool, the Space Shuttle will be put to rest, and Somalia will be the worst country in the world. And so the Tens begin.
The Economist: The World in 2010. [more inside]
The Economist: The World in 2010. [more inside]
The 100 Most Powerful Women in the world has been an education in showing me the beauty inherent in strength, particularly when a woman has embraced her own sense of power. Look at these red lips, these kohl lined eyes, this frank face full of mischief. These are Queens, Presidents, Prime Ministers, Heads of State, powerful government officials, CEO's and more. Just reading their bios tells you so much about who they are and what they believe in. Would a similar collection of 100 men offer as much to ponder over and respect?
David Ji, a Chinese-American electronics entrepreneur, spent two months in custody enduring all-night interrogation sessions, but his stubbornness and occasional flashes of sarcasm infuriated his Chinese captors...guards emptied his pockets, removed his shoes and socks, and ripped the buttons off his oxford shirt. He was ushered disheveled and barefoot into the office of Zhao Yong, the chief executive of Sichuan Changhong Electric, Mr. Ji's onetime business partner and, more recently, his warden.
Freedom at Midnight - At midnight, on the night of August 14th 1947, Jawaharlal Nehru claimed Independence from the British in New Delhi, India. 58 years later today, India along with China is in the mainstream news media as a "super power to be". While there is much discussion on how exactly all of this will play out in the near future, there are also some concerns as to whether this is nothing more than an updated version of the "burgeoning middle class of 140 million people" that sent numerous multinationals to unsuccessfully launch new products in this emerging market. However this tryst with destiny plays out, Happy Birthday India.