iPhone

How many hours must you work to buy a new iPhone? It varies dramatically around the world, reflecting disparities in productivity and purchasing power.

According to a recent report by UBS that aims to measure well-being by estimating how many minutes workers in various countries must work to afford either an iphone, a Big Mac, a kilo of bread or a kilo of rice, the average worker in Zurich or New York can buy an iPhone 6 in under three working days.

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• Goldman Tells Stock Pickers to Rejoice as Correlations Decline (BBG)
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• Americans Are Paying Apple Millions To Shelter Overseas Profits (BBG)

After failing miserably in their effort to elect Hillary on November 8th, Google has decided it's time to hire a "Conservative Outreach Manager."  You know your bias is deeply ingrained when you have to create a brand new "outreach" position just to figure out how to speak to people on the other side of the aisle.

Per the job listing posted to the Google Careers website, the new "Conservative Outreach Manager" would act as a "liaison to conservative, libertarian and
free market groups."

There’s a lot to be worried about going into 2017 both in terms of financial markets and in terms of geopolitical concerns.

In a sign that investor enthusiasm about the Apple "rebound" may have been premature, Digitimes reports that Apple has begun to reduce orders for iPhone 7s as initial "sales momentum has started fading", according to sources from Taiwan's handset supply chain.