Spend Matters Friday Latte

See guys? North Korea practices spend management.
American web designer shocked his latest theme was used by North Korea -- Robert Westmore of Southern California designs websites for a living -- but he was shocked to learn that he had designed a new homepage for the reclusive North Korean regime. "I had no idea," he told FoxNews.com in an interview. "Honestly, I didn't even know North Korea had a website." While the notorious totalitarian government continues to spend hundreds of millions on failed rocket launches, North Korea skimps in other areas, notably web design. Indeed the country spent just $15 redesigning its national homepage, korea-dpr.com -- a fact accidentally discovered by an unsuspecting college student.

Apple takes a bite from reserve cash to buy out their own supply chain??
Apple's Secret Plan For Its Cash Stash -- According to Katy Huberty, an analyst at Morgan Stanley ( MS - news - people ), that's exactly what CEO Tim Cook, an operations expert who has been the master of Apple's supply chain since Steve Jobs hired him in 1998, is doing. And she calls the move "frankly ingenious." Says Huberty: "Apple is cornering the market in [its] supply chain ... giving them an edge beyond volume and scale. If Apple owns its equipment, it means its suppliers can't build an HP PC or HTC smartphone on it." It took Huberty a little time to figure out exactly what Apple was up to. When the company disclosed in October it planned to spend $7.1 billion on capital expenditures in 2012, up from $4.3 billion last year, lots of folks were scratching their heads over how Apple would use the money, which didn't ¬include $900 million set aside for opening new stores.

Coin change 'could cause more skin problems' -- Fears are being raised that 5p and 10p coins being introduced into circulation could cause skin problems. The coins are made from steel but plated in nickel, replacing the current cupro-nickel version which contains 75% copper and 25% nickel. Dermatologists told the British Medical Journal the move could cause problems for people who have nickel allergies, including some people with eczema.

Four Indicted For Selling Contaminated Cheese -- Four people were indicted in Chicago today on charges they illegally distributed 100,000 pounds of cheese contaminated with salmonella, e.coli and other bacteria. Authorities say they even "washed" cheese that was returned by customers by scraping off mold and fungus, then resold it, according to WLS.

- Sheena Moore

Discuss this:

Your email address will not be published. Required fields are marked *