Globalization

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    • Hell Hath No Fury Like a Wal-Mart Vendor Scorned

      Posted by Jeff from Daily Kos

      For decades, Wal-Mart has used Flagler Productions, a small company based in Kansas, to record their internal meetings. In 2006, Wal-Mart suddenly stopped using their services - wiping out about 95% of their total business. As a consequence, Flagler is struggling to stay afloat and recently made the decision to open its archives to attorneys...

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    • Microsoft Told to Pay Tax on Licence Fee (in India, not Washington)

      Posted by Jeff from Yro.slashdot

      The company, which sells its software in India through a circuitous route involving several group companies, had maintained that its deal with the customers is a sale and no royalty payment is involved. It is this position that has now been rejected. What nailed the issue, however, was an expression in the end-user agreement that says "the product is licensed, not sold". Tax authorities cited this and said if the software is licensed, there has to be a royalty involved.

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      Kite-driven cargo ship completes trip journey

      Posted by Jeff from Feeds.feedburner

      “We can once again actually ‘sail’ with cargo ships, thus opening a new chapter in the history of commercial shipping” Thus is the verdict from MV Beluga Skysails captain Lutz Heldt upon completion of the vessel’s 12,000 mile round-trip maiden voyage. The crew and vessel were at sea for nearly two months, giving the “skysail” concept ample...

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    • Starbucks to source coffee from China

      Posted by Jeff from Reuters

      Starbucks has been working with coffee farmers in China's southwestern Yunnan province to help them meet sourcing standards and has sent coffee shipments to the United States for testing, Starbucks China President Wang Jinlong said at the Reuters China Century Summit on Tuesday.

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    • Why the Government Tests Few Chinese Imports

      Posted by statusquobuster from OpEdNews

      Cheap Chinese products are a powerful and insidious destructive force. Free trade globalism more than violent terrorism or military attack is bringing America to its knees. The Chinese have us by our budget-deficit balls. Our government depends on China for loaning us money and for not dumping the vast hoard of over one trillion dollars it has accumulated by financing our huge deficits and selling us virtually everything. Dumping dollars is called the Chinese economic nuclear option.

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      A Superpower in Decline: America's Middle Class Has Become Globalization's Loser

      Posted by Jeff from Spiegel

      The feedback effects involved in globalization are especially intense for the US economy -- so much so that large parts of the US workforce are now standing with their backs against the wall. Via RawStory: "The rise of Asia has only led to a relative decline of the US national economy. At least so far. But for many blue- and white-collar workers, this decline is already absolute because they have less of everything than they used to. They possess less money, they are shown less respect in society and their chances for climbing up the social ladder have deteriorated dramatically. "

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    • Clinton Economists: A Storm Is Coming

      Posted by Billbar from Alternet

      When Robert Rubin speaks his mind, his thoughts on economic policy are the gold standard for the Democratic Party. Rubin now freely acknowledges what the American establishment for many years denied or dismissed as inconsequential--globalization's role in generating the thirty-year stagnation of US wages, squeezing middle-class families and below, while directing income growth mainly to the upper brackets. A lot of Americans already knew this. Critics of "free trade" have been saying as much for years. But when Bob Rubin says it, his words can move politicians, if not financial markets.

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    Jeff

    Member since Jul 2008

    Jeff is the founder of NewsCloud. He is also a freelance writer and blogs at Idealog.

    Seattle


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