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thinkahol *

The Beast Is Starved: Welcome to the Next Great Depression | Common Dreams - 0 views

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    Since Reagan, Republicans have been on a "starve the beast" campaign - by which they mean eviscerate the government by taking away as much revenue as they can.
thinkahol *

Why "business needs certainty" is destructive - Glenn Greenwald - Salon.com - 0 views

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    Businesses have had at least 25 to 30 years near complete certainty -- certainty that they will pay lower and lower taxes, that they' will face less and less regulation, that they can outsource to their hearts' content (which when it does produce savings, comes at a loss of control, increased business system rigidity, and loss of critical know how). They have also been certain that unions will be weak to powerless, that states and municipalities will give them huge subsidies to relocate, that boards of directors will put top executives on the up escalator for more and more compensation because director pay benefits from this cozy collusion, that the financial markets will always look to short term earnings no matter how dodgy the accounting, that the accounting firms will provide plenty of cover, that the SEC will never investigate anything more serious than insider trading (Enron being the exception that proved the rule). So this haranguing about certainty simply reveals how warped big commerce has become in the US. Top management of supposedly capitalist enterprises want a high degree of certainty in their own profits and pay. Rather than earn their returns the old fashioned way, by serving customers well, by innovating, by expanding into new markets, their 'certainty' amounts to being paid handsomely for doing things that carry no risk. But since risk and uncertainty are inherent to the human condition, what they instead have engaged in is a massive scheme of risk transfer, of increasing rewards to themselves to the long term detriment of their enterprises and ultimately society as a whole.
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."
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?
Williams Scot

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started by Williams Scot on 09 Nov 15 no follow-up yet
Williams Scot

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Filip Cross

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started by Filip Cross on 12 Mar 12 no follow-up yet
Chris Rock

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Chris Rock

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started by Chris Rock on 04 Sep 15 no follow-up yet
Williams Scot

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started by Williams Scot on 07 Sep 15 no follow-up yet
Williams Scot

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started by Williams Scot on 21 Sep 15 no follow-up yet
Chris Rock

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Williams Scot

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started by Williams Scot on 06 Aug 15 no follow-up yet
thinkahol *

Lakoff: Why Conservative Lies Spread and What Progressives Can Do to Fight Them | Tea P... - 0 views

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    When Democrats use conservative language to promote their agenda, it ultimately creates more support for Republicans.
anonymous

The Nation: Big Pharma, Bad Science - 0 views

  • New England Journal of Medicine
  • The editors declared that they were dropping their policy stipulating that authors of review articles of medical studies could not have financial ties to drug companies whose medicines were being analyzed
  • The reason? The journal could no longer find enough independent experts.
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  • So the journal settled for a new standard: Their reviewers can have received no more than $10,000 from companies whose work they judge. Isn't that comforting?
anonymous

(Marketing Drugs With Sexy Sales Persons) CorpWatch : US: Gimme an Rx! Cheerleaders Pep... - 0 views

  • Still, women have an advantage with male doctors
  • a book lampooning the industry, "Hard Sell: The Evolution of a Viagra Salesman."
  • Stories abound about doctors who mistook a sales pitch as an invitation to more. A doctor in Washington pleaded guilty to assault last year and gave up his license after forcibly kissing a saleswoman on the lips.
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  • "Exaggerated motions, exaggerated smiles, exaggerated enthusiasm - they learn those things, and they can get people to do what they want."
  • one saleswoman said she had been encouraged to exploit a personal relationship with a doctor to increase sales in her Montgomery, Ala., territory.
  • One informal survey, conducted by a urologist in Pittsburgh, Dr. James J. McCague, found that 12 of 13 medical saleswomen said they had been sexually harassed by physicians.
  • Ms. Napier, 26, was a star cheerleader on the national-champion University of Kentucky squad, which has been a springboard for many careers in pharmaceutical sales.
  • While there are no statistics on how many drug representatives are former or current cheerleaders, demand for them led to the formation of an employment firm, Spirited Sales Leaders, in Memphis. It maintains a database of thousands of potential candidates.
  • "The cheerleaders now are the top people in universities; these are really capable and high-profile people,"
  • "I've had people who are going right out, maybe they've been out of school for a year, and get a car and make up to $50,000, $60,000 with bonuses, if they do well."
  • Approximately two dozen Kentucky cheerleaders, mostly women but a few men, have become drug reps in recent years.
  • Anyone who has seen the parade of sales representatives through a doctor's waiting room has probably noticed that they are frequently female and invariably good looking.
  • Some industry critics view wholesomely sexy drug representatives as a variation on the seductive inducements like dinners, golf outings and speaking fees that pharmaceutical companies have dangled to sway doctors to their brands.
  • But now that federal crackdowns and the industry's self-policing have curtailed those gifts, simple one-on-one human rapport
  • has become more important
  • Many doctors say they privately joke about the appearance of saleswomen who come to their offices. Currently making the e-mail rounds is an anonymous parody of an X-rated "diary" of a cheerleader-turned-drug-saleswoman.
  • Federal law bans employment discrimination based on factors like race and gender, but it omits appearance from the list.
  • "There's a saying that you'll never meet an ugly drug rep,"
  • But that might be changing, he said, citing a recent ruling by the California Supreme Court, which agreed to hear an employment lawsuit brought by a former L'Oreal manager who ignored a supervisor's order to fire a cosmetics saleswoman and hire someone more attractive.
  • "Generally, discriminating in favor of attractive people is not against the law in the United States,"
anonymous

Brown warns of enduring al-Qaida threat to UK | Politics | guardian.co.uk - 0 views

  • Brown warns of enduring al-Qaida threat to UK Prime minister says 60,000 civilians have been trained to deal with terrorist incidents
  • Some 60,000 civilians, including shop managers and council workers, have been trained to cope with the threat."Today, not only the police and security and intelligence officers and our armed forces, but also the emergency services, local councils, businesses and community groups are involved in state-of-the-art civil contingency planning,"
  • Gordon Brown today warned that al-Qaida remains the biggest security threat to the UK, as he revealed that tens of thousands of civilians have been trained to deal with terrorist attacks as part of a new strategy to combat extremists.
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  • By 2011, Britain will be spending £3.5bn a year on counter-terrorism, Brown said. The imprisonment of 80 terrorists in Britain in the last two years was hitting the morale of al-Qaida. Part of the new strategy would address the longer-term causes of terrorism by "understanding what leads people to become radicalised, so we can stop the process".Brown said that more than two-thirds of the plots threatening the UK are linked to Pakistan.
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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