Spend Matters Afternoon Coffee

Cultural (and market velocity) perspectives on the iPhone.
No, the iPhone Isn't the Most Disruptive Product in History -- But let's be prudent: This is not the most disruptive product in the history of the world. It didn't kill tens of millions of people and reshape foreign policy for the next infinity years, like the nuclear bomb. Its effect on American industry will almost certainly never rival that of the cotton gin, whose invention led to the quintupling of southern slaves and reshaped the global cotton trade, not to mention a century-plus of southern history. Let's not even start with the steam engine and its industrial-revolution cousins, which together threw 10 millennia of economic stagnation out the window and delivered consistent and global rising incomes for the first time in human history. (I'm even tempted to point out that the iPhone might not even be the most disruptive technology with the world "phone" in it.)

Chicago continues to shine in all things city spend-related.
Chicago lost $320,000 over poor scheduling of car boot workers -- The city's internal watchdog concluded that Chicago lost roughly $320,000 because of poor scheduling of workers who boot cars. An analysis found that between late 2009 and December 2011, the city made night shift employees take their lunch break at the end of their shifts because the schedules of booters, dispatchers and security personnel didn't match up. Failing to stagger lunch breaks wasted at least 30 minutes of available booting time per employee and amounted to an estimated annual loss of $160,000, according to the office of Inspector General Joseph Ferguson.

Boeing sees a rosy future...
Boeing expects strong demand for new planes -- Boeing predicts $4.5tn (£2.8tn) of new planes will be bought over the next 20 years, driven by demand in China, India and other emerging markets. The US planemaker predicts airlines worldwide will buy 34,000 new planes in the next two decades. About one-third of the planes will be sold in the Asia Pacific region, followed by Europe and North America.

The Chinese public fights back.
Chinese City Suspends Factory Construction Following Protests -- A municipal government in southwestern China has suspended at least temporarily the construction of a metals factory after bloody street protests on Monday, in the latest sign of the growing strength of the country's environmental movement.

- Sheena Moore

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