Friday Latte: $98MM Contract “Inked” on iPad, Offshoring Creates US Jobs, SF Blocks Apple Purchases

The future of contracts?
The $98,000,000 Contract Inked on an iPad -- Early this Wednesday morning, point guard Deron Williams tweeted a photo of himself signing a 5 year $98,000,000 contract to rejoin the Brooklyn Nets. The signing took place inLas Vegas where Mr. Williams is at training camp for TEAM USA basketball ahead of this year's Olympic Games in London. But the contract is not being signed with a fancy Mont Blanc pen, but with his finger on an iPad.

Surprising news?
Offshoring creates as many U.S. jobs as it kills, study says -- "Offshoring" has become a major bogeyman in the 2012 presidential campaign. But is it actually harmful for American workers in the long run? A new paper from the London School of Economics Center for Economic Performance suggests not. Three economists examined 58 U.S. manufacturing industries from 2000 to 2007, and found an economic upside to offshoring--not just for American companies, but for American workers themselves. The study found that offshoring tends to increase productivity and reduce costs, which can prompt firms to expand domestic hiring enough to offset the jobs lost to workers overseas.

Yet Boeing re-shores.
Supply chain changes keep more 787 assembly work local. Further change for next new Boeing plane. -- Tweaks to the 787 supply chain this year mean that work once earmarked to be done overseas is now permanently assigned to Boeing's final assembly lines in Everett and North Charleston. It's a dynamic that will be even more apparent on Boeing's next new major airplane program, according to Stan Deal, the Boeing executive in charge of the entire commercial airplanes supply chain.

A purchasing protest!
San Francisco Officials Plan to Block Apple Procurement -- San Francisco city officials say they are moving to block purchases of Apple desktops and laptops, by all municipal agencies, after the company removed a green electronics certification from its products. Officials with the San Francisco Department of Environment told CIO Journal on Monday they would send out letters over the next two weeks, informing all 50 of the city's agencies that Apple laptops and desktops "will no longer qualify" for purchase with city funds. The move comes after CIO Journal reported that Apple had removed its laptops and notebooks from a voluntary registry of green electronics, called EPEAT. The standard, created jointly by manufacturers, including Apple, government agencies, and activist groups, requires that electronics products be designed for ease in recycling and higher energy efficiency.

- Sheena Moore

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