In The News

OPEC President Scrambles for Output-Cut Consensus

Bhushan Bahree October 16, 2006
Consumers are unlikely to be sympathetic, but OPEC’s president is striving to get the cartel to reduce oil production to halt an ongoing fall in oil prices. While prices are still more than twice as high as they are three years ago, they have fallen considerably off their recent peaks. President Edmund Daukoru is determined to prevent any further drop as the world’s economy slows. Individual...

Indispensable Old Media

Susan D. Moeller October 12, 2006
Communications technology has made information exchange more widespread than ever before. Consumers are able to choose between endless sources, rendering the passive absorption of filtered knowledge obsolete. The rise of new media, however, has not diminished the importance of investigative reporters researching stories for more traditional media. Journalists still make criminals and corrupt...

Union Disrupts Plan to Send Ailing Workers to India for Cheaper Medical Care

Saritha Rai October 12, 2006
It is no secret to American companies that prohibitive costs of providing healthcare to their employees eat into their profit margin: the consulting firm McKinsey and Company estimates that by 2008, top U.S. companies will be spending as much on health care as they made in profits, forcing the scaling back or eliminating of benefits. In response, some firms have begun considering employees...

Made in China: Wal-Mart Unions

Anita Chan October 12, 2006
Global labor leaders had long considered China’s unions as an arm of the government and not worthy of much respect. But that was before All-China Federation of Trade Unions (ACFTU) took on Wal-Mart managers in China and quickly set up union branches at more than 20 stores. The move – requiring grassroots organization that’s not been seen in China for more than 50 years – could signal more...

Global Sludge Ends in Tragedy for Ivory Coast

Lydia Polgreen October 10, 2006
When a tanker leased by Trafigura, a multinational oil and metal trading company, docked in Amsterdam and hired the Amsterdam Port Services (APS) to process the waste it was carrying, the toxic sludge was found to be hazardous. Refusing to pay the high price asked by the APS to dispose of the material, the tanker took the waste back on board. Several weeks later, the tanker arrived at Abidjan,...

Coal Makes a Comeback

Sebastian Ramspeck October 9, 2006
Not so long ago, Western industrialists and politicians dismissed coal as a viable fuel, rejecting its tendency to pollute cities and cause serious respiratory problems. The world has no shortage of coal and so its prices are stable, but burning it releases far more carbon into the atmosphere than using either oil or natural gas, thus accelerating the pace of global warming. Even so, the West is...

Managing Globalization: “You like tomato and I like tomahto”

Daniel Altman October 6, 2006
Agreement on standards allows people to understand or use a product in more locations. Standards – such as the shape of an electric plug or the height of a chair – are the “glue” that hold the global economy together, according to journalist Daniel Altman, and cover engineering, manufacturing, packaging and transportation. Because of standards, manufacturers know how to design a product and...