Apple Sapphire Supplier Breaks

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.. obvious lesson is a dumb one.

GTAT’s contract with Apple is, by most reasonable standards, terrible. GTAT is obligated to produce a minimum amount of sapphire for Apple (at an Apple factory), but Apple is under no obligation to buy any — and GTAT has exclusivity obligations, so it might not even be allowed to sell to anyone else.

via Apple Sapphire Supplier Breaks – Bloomberg View.

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Germany’s Insistence on Austerity Meets With Revolt in the Eurozone

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“Europe’s disastrous response to the crisis — austerity — has led Europe to a social crisis and to within sight of a political crisis”

via Germany’s Insistence on Austerity Meets With Revolt in the Eurozone – NYTimes.com.