SAN NARCISO, Calif. (Bennington Vale Evening Transcript) -- Since the early 2000s, Walmart executives, shareholders and Wall Street investors have worried about living conditions in third world countries. "Like all large companies that rely on manufacturing and distribution, Walmart has focused heavily on issues of human rights, forced labor and health factors," said Len Waybill, head economist for the conservative Peter Pinguid Society. "If a developing nation's environment turns inhospitable, the vital supply of child workers dwindles to unsustainable levels. That drives up the cost of goods, and could subsequently destroy Walmart margins and the value of its stock -- an unthinkable, apocalyptic scenario." On Thursday, those fears became a reality after a study conducted by Medicine sans Frontier (MSF) found child mortality rates in South Sudan far surpassing emergency levels for the region.
Showing posts with label third-world. Show all posts
Showing posts with label third-world. Show all posts
Thursday, August 23, 2012
Wednesday, May 23, 2012
Romney Calls American Education 'Third-World,' Something He Recognizes From Outsourcing Days at Bain
"I know better than Barack Obama what a third-world education looks like; I've outsourced thousands of jobs to third-world countries." -- Mitt Romney
BOSTON, Mass. (Bennington Vale Evening Transcript) -- Bain Capital, a private equity and assets management firm co-founded by Mitt Romney, outsourced a staggering number of American jobs to economically depressed countries under Romney's watch. "If you just look at some of the Bain startups, like Sports Authority, Staples, Bright Horizons, the job number you come up with is in excess of 100,000," the Romney campaign boasted during the January 2012 debates. And most of those jobs went to cheap labor in foreign markets. But that's also the tremendous benefit of Romney's overseas experience -- he has proven more instrumental than President Obama in creating hundreds of thousands of jobs, embracing globalization, and keeping overhead low for business owners. Now, that same experience in third-world countries is giving Mitt Romney an edge over Obama in, of all things, education reform.
BOSTON, Mass. (Bennington Vale Evening Transcript) -- Bain Capital, a private equity and assets management firm co-founded by Mitt Romney, outsourced a staggering number of American jobs to economically depressed countries under Romney's watch. "If you just look at some of the Bain startups, like Sports Authority, Staples, Bright Horizons, the job number you come up with is in excess of 100,000," the Romney campaign boasted during the January 2012 debates. And most of those jobs went to cheap labor in foreign markets. But that's also the tremendous benefit of Romney's overseas experience -- he has proven more instrumental than President Obama in creating hundreds of thousands of jobs, embracing globalization, and keeping overhead low for business owners. Now, that same experience in third-world countries is giving Mitt Romney an edge over Obama in, of all things, education reform.
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