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thinkahol *

Organizing Help Wanted | Common Dreams - 0 views

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    Right now, according to a number of studies, we are losing about $100 billion every year because corporate America and the very wealthy are stashing their money in tax havens like the Cayman Islands and Bermuda. We should be aware that in 2009, ExxonMobil made $19 billion in profits and not only did the company not pay anything in taxes, it got a $106 million refund from the IRS. We should also be aware that since 1997, we have almost tripled funding for the military. So if we are serious about reducing the deficit, those are things we need to look at-not at Social Security, not programs everyday Americans need.
thinkahol *

Plutocracy Now: What Wisconsin Is Really About | Mother Jones - 0 views

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    Workers now lose a collective $743 billion each year. The top1 percent gains $673 billion. That's a pretty close match
thinkahol *

CAFR: US agencies have billions, trillions in investments while crying budget deficits ... - 0 views

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    Gerald Klatt and Walter Burien are unrecognized heroes. These individuals are national leaders who have communicated how government agencies conceal American taxpayers' money in surplus accounts that collectively total trillions of our dollars. The data is found in government agencies' Comprehensive Annual Financial Reports (CAFRs).
anonymous

BCG - PRESSE - Themen-Dossiers - The Next Billion - 0 views

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    Wie man aus armen Menschen in Schwellenländern arme Konsumenten macht.
thinkahol *

Jay-Z and Warren Buffett Team Up to Teach Kids Financial Literacy - Education - GOOD - 0 views

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    One is worth $39 billion, while the other has a comparatively meager $450 million but significantly more street cred with young people. So Warren Buffett and Jay-Z are teaming up to teach kids about financial literacy. Buffett's animated series Secret Millionaires Club is set to move from the web to television this month, and an animated Jay-Z is the guest star for the first episode on October 23. During the episode, Jay-Z invites four students to his office and applauds their hard work in school, then gives them some tips on how they can become successful later in life. The idea is to get kids hooked by Jay-Z's endorsement, then keep the lessons going long after the television is turned off. Secret Millionaires Club is simultaneously launching "Learn and Earn," an initiative to teach students a well-organized series of lessons on financial literacy. To that end, the program is providing more than 100,000 educational kits to teachers, and putting a pretty fantastic collection of free, downloadable materials online. To ensure that students put the lessons into action, the program is also kicking off "Grow Your Own Business Challenge"-an online competition designed to spark students' enterpreneurial ambitions. While most kids who watch Secret Millionaires Club probably won't end up as wealthy as Buffett or Jay-Z, who couldn't use money management lessons from two of America's most successful people?
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."
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