Wal-Mart Nixed Paying Bangladesh Suppliers to Fight Fire. At a meeting convened in 2011 to boost safety at Bangladesh garment factories, Wal-Mart Stores Inc.
(WMT) made a call: paying suppliers more to help them upgrade their manufacturing facilities was too costly. The comments from a Wal-Mart sourcing director appear in minutes of the meeting, which was attended by more than a dozen retailers including Gap Inc. (GPS), Target Corp. and JC Penney Co. Details of the meeting have emerged after a fire at a Bangladesh factory that made clothes for Wal-Mart and Sears Holdings Corp. killed more than 100 people last month. The blaze has renewed pressure on companies to improve working conditions in Bangladesh, where more than 700 garment workers have died since 2005, according to the International Labor Rights Forum, a Washington-based advocacy group.
PVH Signature PVH Corp. Gap decided against signing the document in October, Bill Chandler, a spokesman, said in a telephone interview. Gap Plan Zeldenrust called Wal-Mart’s position “shocking.” Living Hell. I-want-you-to-disagree-and-fight-amongst-each-other.jpg (JPEG Image, 500x500 pixels) More nutshell wisdom.
Even US Soldiers are Waking up to the New World Order. Price of drug to prevent preemies jumps from $20 to $1,500 after FDA approval - latimes.com. The price of a drug used to delay birth in women at high risk of delivering prematurely is going to skyrocket following Food and Drug Administration approval of a prescription form of the product, a synthetic form of the hormone progesterone.
Since 2003, the American Congress of Obstetricians and Gynecologists has recommended that doctors offer the progesterone shots to high-risk women. But because there has not been a commercial product available, women have obtained the drug from so-called compounding pharmacies, which make it to order. The pharmacies have typically charged about $10 to $20 per shot for the drug, which is given weekly.
Drug monopolies courtesy of government. Contrary to Wikipedia and its source - pseudo-economist Paul Samuelson, who was the "key to Keynes' influence" - there isn't any such thing as a natural monopoly.
Any monopoly that comes about and maintains its power does so solely through government intervention (e.g., regulations, subsidies, laws). In other words, the only monopolies that exist are the ones that government creates or allows to exist. Competition will always exist unless the government prevents it. Take drugs, for example. There's a drug pregnant women take who are at risk of delivering prematurely. Putting aside for a moment that the former CEO of this drug company was banned last year from doing business with the US and was just sentenced to 30 days in prison, there are many doctors who claim that "FDA regulation of the medical industry has suppressed and delayed new drugs and devices, and has increased costs, with a net result of more morbidity and mortality.
" Price of Preventing Premature Births Skyrockets.
America: The Grim Truth. American Corporatocracy. Citigroup attempts to disappear its Plutonomy Report #2. The reports are available (for the time being: 20 June 2011 here and here from Edward Fullbrook In 2005 and 2006 Citigroup issued two now notorious but highly significant reports for the exclusive use of its richest clients.
The first, from October 16, 2005, was “Plutonomy: Buying Luxury, Explaining Global Imbalance”. This 35 page report begins: The World is dividing into two blocs – the Plutonomy and the rest. And it continued: We project that the plutonomies (the U.S., UK, and Canada) will likely see even more income inequality, disproportionately feeding off a further rise in the profit share in their economies, capitalist-friendly governments, more technology-driven productivity, and globalization. The full report is available here Citigroup’s second Plutonomy report, titled “Revisiting Plutonomy: The Rich Getting Richer”, was issued on March 5, 2006 and began: The latest Survey of Consumer Finance data was released Friday 24th of February. Countdown with Keith Olbermann Countdown with Keith Olbermann. Corporations Control Gov't.
Corporations Influencing Policy. Corporate Greed vs Public Interest.