Rent Seeking Soars During the Age of Donald Trump

John Ternus, a mechanical engineer who joined Apple’s product design team in 2001 and spent the next quarter century sweating the details of nearly every device it created, recently became the in Apple’s modern history. He inherits a company whose annual revenue more than quadrupled during Tim Cook’s fifteen years in charge. The doubts that greeted his promotion, though, have skipped past chips and product roadmaps entirely. In fact, they have settled on a different concern: whether a man who came up through hardware labs can work in the Oval Office.   Read Full Article »