tigerexotique | Shared With: Everyone - Aug 21 2007 | news, economy, globalization, Africa, China, market
Quoted: Manufacturing has suffered in Africa as cheap Chinese goods flood the market, eliminating needed jobs.
Today, only the cotton gin still runs, with the company’s Chinese managers buying raw cotton for export to China’s humming textile industry. Nobody can say when or even if the factory here will reopen.“We are back where we started,” said Wilfred Collins Wonani, who leads the Chamber of Commerce here, sighing at the loss of one of the city’s biggest employers. “Sending raw materials out, bringing cheap manufactured goods in. This isn’t progress. It is colonialism.”
this is quite the problem. will Africa ever be at the positive end of the global market, and if so, how? obviously, export of raw goods has been a key to many African nations, but that alone cannot sustain an economy in this emerging high-skilled labor boost of the global economy? should China be blamed or do African nations need to emphasize the training of skilled-labor...
- tigerexotique | Shared With: Everyone - Oct 29 2007 | news, India, economy, shopping
not cool, not cool at all.
Quoted: Clothing retailer Gap Inc. said Sunday that it will convene all of its Indian suppliers to "forcefully reiterate" its prohibition on child labor after a British newspaper found children as young as 10 making Gap clothes at a sweatshop in New Delhi.
ShareViewed: 1 Time - tigerexotique | Shared With: Everyone - Oct 11 2007 | news, apple, technology, economy
Doesn't Apple have a lawful monopoly? I mean, realistically, technically, and economically, who is its competitor? I don't think the lawsuit is going to hold up in court...the evidence isn't compelling, and the argument is BS (in my opinion).
Quoted: Complaints over Apple Inc.’s use restrictions and recent software update for the iPhone have erupted in two lawsuits alleging Apple and its carrier partner, AT&T Inc., engaged in illegal monopolistic behavior.
ShareViewed: 1 Time - tigerexotique | Shared With: Everyone - Oct 01 2007 | news, economy
Quoted: The central bank is supposed to make sure the economy grows fast enough to create jobs and make everybody richer, but not so fast that it produces inflation, which makes everybody poorer. "Readings on core inflation have improved modestly this year," the Federal Open Market Committee said in justifying its 50-basis-point interest-rate cut last month, while conceding that "some inflation risks remain."
ShareViewed: 1 Time - tigerexotique | Shared With: Everyone - Sep 19 2007 | policy, economy, news
amazing what 0.5 percentage point can do! i wonder how well this will work...
Quoted: The Dow gained 2.5 percent after the Fed’s forceful move, which was intended to limit the damage from the disorder in the housing and credit markets.
ShareViewed: 1 Time - tigerexotique | Shared With: Everyone - Aug 31 2007 | economy, news
Quoted: JACKSON, Wyo. (AP) -- Federal Reserve Chairman Ben Bernanke pledged Friday that the central bank will ''act as needed'' to keep the credit crisis that has unhinged Wall Street from hurting the national economy.
ShareViewed: 3 Times - tigerexotique | Shared With: Everyone - Jul 12 2007 | india, news, economy
Quoted: If ever a country needed a vote of confidence, India did last week. A plunge in stocks listed on Bombay's main market index continued, vaporizing some $87 billion in investor wealth in just four days and raising doubts about the sustainability of India's boom. But then came a spot of cheer: IBM—which already has 43,000 workers in India—announced plans to invest a further $6 billion there over the next three years.
nice article, though it's a year old
- tigerexotique | Shared With: Everyone - Jul 02 2007 | economy, international, news, Russia
Interesting. I didn't know that Russia has the largest AIDS epidemic in Europe and a huge problem with alcoholism
ShareViewed: 1 Time
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