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'Offshoring' of jobs rises, but how high? |
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| Topic: Business |
2:10 pm EST, Jan 19, 2004 |
Richard DeMillo, dean of the College of Computing at the Georgia Institute of Technology in Atlanta, said universities cannot wait for the government to measure the scope of the change. Georgia Tech already is adjusting its teaching approach based upon the assumption that routine computing jobs will be done overseas in coming years. Employers can save so much money by offshoring ordinary programming tasks that "the economics are overwhelming," DeMillo said. The trend is now so obvious that "we don't need the government to supply the statistics." 'Offshoring' of jobs rises, but how high? |
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An Enormous Landmark Joins Graveyard of Malls |
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| Topic: Business |
3:07 pm EST, Dec 24, 2003 |
"It's just dead here." "The whole idea of bigger being better, I just don't think that's the case anymore." The Mall of Memphis has succumbed to ferocious competition from spiffier malls and big discount stores like Wal-Mart and Target. The mall's shops became "faddish," hustling "baggy pants one month, something else the next." Its failure "has to do with the disposability of the cities we're building." An Enormous Landmark Joins Graveyard of Malls |
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Offshore Jobs in Technology: Opportunity or a Threat? |
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| Topic: Business |
9:02 pm EST, Dec 22, 2003 |
In a recent report, Forrester bemoaned "the rising tide of offshore hype." What is really happening? Is the offshore outsourcing of technology jobs a cataclysmic jolt or a natural evolution of the economy? The short answer is that the trend is real, irreversible and another step in the globalization of the American economy. Offshore Jobs in Technology: Opportunity or a Threat? |
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A Clothier Gets a Dressing Down |
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| Topic: Business |
5:01 pm EST, Dec 13, 2003 |
It seems like only days ago that Abercrombie & Fitch was telling us not to read too much into its decision to yank its racy quarterly from its shops. On Monday, A&F promised the "magalog" would be back in January with its usual quotient of "butts and partial nudity." But by this Wednesday, after weeks of controversy over its "2003 Christmas Field Guide", the retailer announced it was discontinuing the quarterly altogether. "Some corporations dump toxic chemicals into our rivers, others spit poisonous toxins into the air. Then there's Abercrombie and Fitch." In response to "bad" speech, more speech leads to self censorship, on the basis of financial self interest. Democracy meets capitalism at its finest. A Clothier Gets a Dressing Down |
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| Topic: Business |
1:49 am EST, Dec 11, 2003 |
In the Spring of 2004 join the People's Campaign for Justice @ Wal-Mart in a National Day of Action to demand that Wal-Mart stop degrading the quality of life for America's workers. Show Wal-Mart that good jobs build strong communities. Myth: Wal-Mart's Goods are "Made in America."
Fact: Wal-Mart is the Largest Importer of Chinese Goods. I have a neighbor who travels regularly to Asia to import shoes for Wal-Mart. I'm still looking for the guy who imports the $29 DVD players. Wal-Mart Day of Action |
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Plenty is Wrong With the Wal-Mart Picture |
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| Topic: Business |
1:45 am EST, Dec 11, 2003 |
A drama is taking place about the future, not just of America's economy, but the global marketplace. Congress ought to start now investigating the practices of America's largest retailer. Most important, consumers should begin to consider whether the lowest price is worth any cost. There is a Wal-Mart Day of Action planned next month for January 14. This will give us all an opportunity to consider whether the lowest price, regardless of its cost, is worth it. The comments of Earl Blumenauer, Representative from Oregon, from the floor of the House, on Monday, December 8. Plenty is Wrong With the Wal-Mart Picture |
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Is Wal-Mart Good for America? |
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| Topic: Business |
10:07 am EST, Dec 7, 2003 |
The annual celebration of the American consumer economy -- the holiday shopping season -- is just underway, and Wal-Mart, the juggernaut of retailing, already seems to have claimed its first victim. No, it's not the frequent faller. (But there is a sidebar on the design of cheap DVD players.) To the company's critics, Wal-Mart points the way to a grim Darwinian world of bankrupt competitors, low wages, meager health benefits, jobs lost to imports, and devastated downtowns and rural areas across America. "Wal-Mart is the logical end point and the future of the economy in a society whose pre-eminent value is getting the best deal," said Robert Reich. Is it the end of retail? Is Wal-Mart Good for America? |
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Roy Disney Resigns and Urges CEO Eisner to Follow Suit |
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| Topic: Business |
6:02 pm EST, Nov 30, 2003 |
The vice chairman of the Walt Disney Company, Roy E. Disney, resigned from the board of directors today, citing his "serious differences of opinion" with the chairman, Michael D. Eisner, "about the direction and style of management in the company." Mr. Disney, the nephew of Walt Disney, also called for Mr. Eisner's resignation. Roy Disney Resigns and Urges CEO Eisner to Follow Suit |
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| Topic: Business |
1:57 pm EST, Nov 29, 2003 |
Wal-Mart is so powerful that it moves the economies of entire countries, bringing profit and pain. The prices can't be beat, but the wages can. Wal-Mart, once a believer in buying American, extracts ever lower prices from 10,000 suppliers worldwide. Workers struggle to keep pace. Wal-Mart plans to open 40 of its nonunion Supercenters in California. Labor is fighting the expected onslaught, but the big retailer rarely concedes defeat. As Wal-Mart sets the stage for a wholesale invasion of California, the Los Angeles Times has published this three-part series. I can see this becoming a campaign issue. The Wal-Mart Effect |
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Apartment Glut Forces Owners to Cut Rents in Much of US |
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| Topic: Business |
12:02 pm EST, Nov 29, 2003 |
In many cities on the coasts, where new construction is more difficult and where an influx of highly educated people over the last two decades has driven up home prices, rents have held up better. The average rent in both Los Angeles and New York has risen about 4 percent since last year, according to Torto Wheaton Research. Rents in Boston and Washington have declined only slightly. That has widened the growing gap between the cost of living in the Northeast or parts of California and the cost of living almost anywhere else. Three years ago, for example, a typical 800-square-foot one-bedroom apartment in Los Angeles cost the same as a 1,480-square-foot two-bedroom in Charlotte, NC; today, the Los Angeles apartment costs almost as much as 1,900 square feet in Charlotte, according to Economy.com. Grrr .... Apartment Glut Forces Owners to Cut Rents in Much of US |
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