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The relentless shifting of employment to countries like India and China that has occurred in manufacturing, back-office work and computer programming is now spreading to a crown jewel of corporate America: the medical and drug industries.
In its rush to re-create the industrial revolution that made the West rich, China has absorbed most of the major industries that once made the West dirty.
According to global forecasts, the price of copper, Chile's main export, will remain high in 2008 thanks to strong demand from China. But just who will benefit from this bonanza is up for debate.
Sierra Leone police opened fire on a group of protestors who were demonstrating against a palm oil plantation in the southern province of Pujehun. The project is being developed by Societe Financiere des Caoutchoucs (Socfin), a French agri-business giant.
With the economy weakening, chief executives want Wall Street to see them as tough cost-cutters who are not afraid to lay off workers. Big companies also routinely carry out scattered layoffs that are small enough to stay under the radar, contributing to an unemployment rate that keeps climbing. I.B.M. is one such company.
"It's not just a problem of the farmworkers in Immokalee. It's not just a problem for immigrant workers in Florida," say representatives of Coalition of Immokalee Workers, "The problems in the agriculture industry are problems for all of American society."
If you think the Iraq war hasn't worked out very well for anyone, think again. Defense contractors such as Lockheed are thriving. And no wonder: Here's the story how Lockheed's interests- as opposed to those of the American citizenry- set the course of U.S. policy after 9/11.
Hundreds of workers yesterday held a protest in Pingshan (Shenzhen) outside DeCoro, an Italian sofa company, accusing supervisors of severely beating three employees who dared to ask for respect of the minimum wage. In November 2005 disputes had already taken place between the employees and the company with mutual accusations of violence made.
Eurasian Natural Resources Corporation has won a $101.5 million license to dig for copper in the Democratic Republic of Congo. The company has been questioned by Global Witness for possible links to corrupt Congolese officials.
The U.S. Securities and Exchange Commission has charged four more former Nortel Networks Corp. executives with accounting fraud, alleging they manipulated reserves to change Nortel's earnings statements on the orders of more senior officers of the Canadian networking equipment maker.