Even the U.S. government thinks you should recycle your old devices

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We should probably start recycling more if we want Earth to stay this beautiful...
We should probably start recycling more if we want Earth to stay this beautiful...
Photo: NASA

Honestly, you know things are grave when the U.S. government thinks we’re behind on something. According to the Government Accountability Office, the United States has dismally low recycling rates for used TVs, computers and other devices.

There’s no national infrastructure for a strong recycling program, so states are left to take on the problem themselves, leading to a patchwork of regulations and inconsistencies on how to deal with it. Luckily, Cult of Mac can help Mother Earth and you at the same time — check out our Apple devices buyback program to either sell or straight-up recycle your used or broken gear.

Meet the radical who wants the iPad banned!

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iFixit CEO Kyle Wiens is the Bernie Sanders of the electronics industry. He doesn't want reform -- he wants wholesale revolution!
iFixit CEO Kyle Wiens is the Bernie Sanders of the electronics industry. He doesn't want reform -- he wants wholesale revolution!
Photo: iFixit

Kyle Wiens thinks the iPad should be banned. It’s a “highly immoral” product, he says, because it can’t be opened and repaired when the battery dies. It’s a throwaway device, and he wants governments to prohibit it.

“It’s not designed to be long-lasting,” said Wiens, who is the co-founder and CEO of iFixit. “It’s like selling a car that has to be replaced when the tires wear out.”

Wiens is the Bernie Sanders of the electronics industry. He doesn’t just want reform — he wants revolution!

Here’s why.

Ready to trade in your old phone? Meet the folks behind our gadget buyback (highest prices, btw)

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The guys behind MyPhones Unlimited, an Arkansas-based buyback program that we believe pays more than the competition (in nine out of ten cases).
The guys behind MyPhones Unlimited, an Arkansas-based buyback program that we believe pays more than the competition (in nine out of ten cases).
Photo: MyPhones Unlimited

We recently launched a gadget buyback program that promises to pay more for used and broken Apple devices than Gazelle, Walmart and even Apple itself. This post is about the startup company we partnered with to bring you this service.

A college friend who bought a new phone and was about to trash a defunct iPhone 3G sparked the idea for MyPhones Unlimited, a smartphone recycling service that Cult of Mac recently partnered with.

“Two main thoughts came to mind,” says MyPhones Unlimited founder Gabe Trumbo. “One is that that can’t be good for that to just be thrown away, there has got to be a better way to recycle it. And beyond that, I’m sure there’s still some value in it.”

He was right. Trading in his friend’s phone himself, Trumbo got a bigger chunk of change than he expected — and immediately saw a market coupled to an important problem.

Apple reportedly plans investor call for third bond sale

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There's money in them Cupertino hills. Photo: Kevin Spencer/Flickr CC
There's money in them Cupertino hills. Photo: Kevin Spencer/Flickr CC

Apple is reportedly planning an investor call for later today ahead of a possible bond sale, according to The Wall Street Journal

This would be the third bond sale in the company’s history, and may be the first in which Apple issues bonds in euros rather than dollars.

In its earnings call in April, Apple acknowledged that the majority of its cash and securities are held offshore. Since repatriating this money would incur heavy U.S. taxation, it’s cheaper for Apple to raise money through bond sales. The euro in particular represents a very good deal, since it is currently at its lowest rate relative to dollar-denominated debt in six years.

ISS Recommends Voting ‘No’ On Icahn’s $50bn Buyback Proposal

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Carl Icahn is coo-coo for AAPL.
Carl Icahn is coo-coo for AAPL.
Photo: Forbes

Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that shareholders vote against Carl Icahn’s share buyback proposal for Apple.

According to the ISS report, “[The Apple board] has returned the bulk of its U.S.-generated cash to shareholders via aggressive stock buybacks and dividends payouts. In light of these good-faith efforts and its past stewardship, the board’s latitude should not be constricted by a shareholder resolution that would micromanage the company’s capital allocation process.”