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David Foster Wallace on Political thinking in America - YouTube - 0 views

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    Edited version of the ZDFmediatek interview with David Foster Wallace. This version offers David Foster Wallace's ideas, without repetitions, long pauses, interviewer's comments. Although some cuts may appear rough, there is no attempt at editorial bias or content manipulation. Mr. Wallace's archives (books in his library, notes, and writings) have been recently acquired by the Harry Ransom Center at the University of Texas Austin.
Arabica Robusta

Responsible consumerism | Manila Bulletin - 0 views

  • The multinational manufacturing giants were trying to cope with changes in technology and demographics which threatened to make them obsolete. Top managements in publicly owned US companies, regardless of size and performance, cowered under the threat of the corporate raider and his ultimate weapon, the junk bond.
  • Corporate capitalism promised that the large corporation would be run in the interests of the greater number of stakeholders. Instead, it was being pushed into a subordinate role – away from its market standing, its technology, and its basic wealth-producing capacity and into immediate earnings and next week’s stock price. A Marxist would call this turn of events “speculator’s capitalism.”
  • Meantime, Bill Gates has come up with a solution as to how billions of dollars generated through capitalism can help people in the poor nations which the world has forgotten. He termed it creative capitalism. He believed that some corporations have identified brand-new markets among the poor for life-changing technologies like cell phones. Others have seen how they can do good and do well at the same time.
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  • social entrepreneurs are starting companies rather than non-profit organizations, to capitalize on public benefit. To top it all, some of these entrepreneurs choose a new corporate structure that requires enterprises to build into their foundation strong social and environmental standards for their operations.
  • Through Bono’s persistence, the (RED) campaign was launched and today Gap, Hallmark, and Dell, among others, sell (RED)-branded products and donate a portion of their profits to fight AIDS.
  • Corporate America has discovered that social responsibility attracts investment capital as well as customer loyalty, creating a virtuous cycle. Companies are now talking about a triple bottom line – profit, planet, and people – that focuses on how to run a business while trying to improve environmental and working conditions. Some companies have embraced the new ethos.
  • None of this could have happened without consumer demand. In a survey conducted, half of Americans polled said that protecting the environment should be given priority over economic growth – to think that the survey was done amidst a recession and unprecedented record unemployment. Consumers are doing their own calculations and they would prefer comparatively more expensive cars that get better gas mileage, will save them money in the long run, and make them feel good in the process. Walmart, once the poster child of ruthlessness, a retailer whose business in the past was to undercut all its competitors, has resolved to change its way of doing business for the sake of the future of the planet.
  • These days, some companies are cutting back on their philanthropy but not on their Corporate Social Responsibility initiatives
    • Arabica Robusta
       
      How true is this? There are many examples (e.g. BP) of corporations cutting back on CSR.
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    "Capitalism has evolved in at least three different forms: corporate capitalism, speculator's capitalism, and, most recently, creative capitalism."
Colin Bruce Milne

Jim Beam Devils Cut | Maxim - 0 views

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    youtube downloader
anonymous

AFP: Panasonic to fly home workers' families over bird flu fears - 0 views

  • Panasonic to fly home workers' families over bird flu fears
  • Panasonic Corp. has ordered Japanese employees in some foreign countries to send their families home to Japan in preparation for a possible bird flu pandemic, a spokesman said Tuesday.Family members of Japanese employees in parts of Asia, the Middle East, Africa, Russia, former Soviet states and Latin America will fly back to Japan by the end of September, Panasonic spokesman Akira Kadota said.The firm decided to take the rare measure "well ahead of possible confusion at the outbreak of a global pandemic," he said.
  • Eight people have contracted the H5N1 bird flu virus in China alone this year -- five of whom died."The bird flu cases reported so far are infections from bird to human, but once an infection between human beings is reported, things can get chaotic with many other companies trying to bring back their employees," Kadota said."We wanted to take action early before it gets difficult to book flight tickets," he said.
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  • The H5N1 strain of the virus that is most dangerous to humans first emerged in Asia in 2003 and has since caused nearly 250 deaths, according to World Health Organisation figures.Bird flu, or avian influenza, kills mainly birds but scientists fear it could mutate to jump from human to human, sparking a global pandemic.Panasonic said last week it was cutting 15,000 jobs and closing dozens of plants worldwide as it braces to fall deep in the red due to the global economic crisis.
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