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Jim's training
#5: Outsourcing : Friedman argues that outsourcing has allowed companies to split service and manufacturing activities into components which can be subcontracted and performed in the most efficient, cost-effective way. This process became easier with the mass distribution of fiber optic cables during the introduction of the World Wide Web. #6: Offshoring : The internal relocation of a company's manufacturing or other processes to a foreign land to take advantage of less costly operations there. China's entrance in the WTO (World Trade Organization) allowed for greater competition in the playing field.
Yet, each night, I remember watching my mom and dad argue about how they were going to make ends meet. I can still vividly see my dad at the dining table, a pile of receipts in front of him, with his head in his hands. He was defeated financially. My real dad, my poor dad, instilled these values into me. He was highly educated and the head of the Hawaiian school system. Yet, he still believed what he knew about money was good advice for me.
Rich Dad - Welcome to Rich Dad!
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Society of Mind Professor of Media Arts and Sciences, Emeritus Marvin Minsky
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