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Articles and Resources
Date Fairness.com Resource Read it at: Apr 20, 2011 Abuse of Thai workers alleged
QUOTE: "Modern-day slavery spans all geographies and is present, alive and well in agriculture…” The abuses occurred partly because the workers were Thai, who have been more vulnerable to abuse than Western workers.
Wall Street Journal, The (WSJ) Apr 15, 2011 Google Faces Antitrust Complaints in Korea on Android Popularity
QUOTE: NHN Corp. and Daum Communications Corp… filed complaints against Google with the country’s Fair Trade Commission for blocking local phone carriers and manufacturers from embedding their search applications in devices using the Android operating system.
Bloomberg News Apr 12, 2011 Countering the Siege
QUOTE: In Wisconsin and Ohio, newly enacted laws will cripple the bargaining rights of 200,000 members of his union and may cause many to quit… The union… is also under assault in Florida and New Jersey, where governors and lawmakers are seeking to curb bargaining rights or achieve far-reaching concessions on what many say are overly generous health benefits and pensions.
New York Times Apr 11, 2011 A Scorecard for Companies With a Conscience
QUOTE: The typical pattern for a new, successful, triple-bottom-line company is that it quickly gets gobbled up by a major corporation — usually the leader in its field… The clash of corporate culture can be overwhelming, and the worry is that gradually the mission will erode — at least the parts of it less visible to consumers — in favor of a focus purely on profit.
New York Times Apr 10, 2011 JPMorgan Accused of Breaking Its Duty to Clients
QUOTE: While the clients lost nearly all their money, JPMorgan collected nearly $1.9 billion from Sigma’s demise, according to the suit. That’s because as Sigma’s troubles worsened, JPMorgan lent the vehicle billions of dollars and received valuable assets in the form of a security deposit.
New York Times Apr 08, 2011 New York Subpoenas 2 Foreclosure-Related Firms
QUOTE: “We’re seeing a disproportionate number of cases in the foreclosure context where questionable filings have been made. I think it’s easy to say this is the largest and most wide-ranging fraud against the courts in the United States. Lawyers have to have a good-faith basis for the factual assertions they make to the court; they are responsible if they file pleadings that are baseless.”
New York Times Apr 06, 2011 Star Designer Leaves Balmain Fashion House
QUOTE: Luxury fashion houses are becoming less interested in promoting lively personalities than in protecting their own brands... At least four other European labels, including celebrated brands like Azzaro and Cacharel, have dropped their designers, some with little explanation.
New York Times Mar 31, 2011 Report Criticizes High Pay at Fannie and Freddie
QUOTE: When the government stepped in to support some of the nation’s biggest financial institutions in 2008, compensation became an issue of concern to taxpayers... The executives at Fannie and Freddie received far more than their counterparts at other federal housing agencies.
New York Times Mar 27, 2011 Supreme Court to Weigh Sociology Issue in Wal-Mart Discrimination Case
QUOTE: Plaintiffs in the class-action suit... claim that Wal-Mart owes billions of dollars to as many as 1.5 million women who they say were unfairly treated on pay and promotions...” A 2009 article in The Fordham Law Review defending Professor Bielby said the debate was “about the existence of unconscious or implicit bias, the continued seriousness of discrimination as a force in the modern workplace and the appropriate reach of legal remedies to challenge discrimination.”
New York Times Mar 17, 2011 FDIC sues former WaMu executives for $900 million
QUOTE: The Federal Deposit Insurance Corp. is suing three former top executives of Washington Mutual Bank, ... “They focused on short-term gains to increase their own compensation, with reckless disregard for WaMu’s long- term safety and soundness,” according to the complaint... “It is patently unfair for the FDIC to expect an individual to have perfect foresight into a crisis that the FDIC itself did not see coming,” Rotella said.
Washington Post Mar 17, 2011 Green Bay teachers union stand frustrates some businesses
QUOTE: "If the union is attempting to positively support businesses that support their position, I wouldn't have a real issue with that," said Monique. "However, if it's crossing that line to the other side of the coin, boycotting those that don't necessarily support their position, I don't think there's room for that." Others say the political battle puts businesses in a bad position.
Mar 16, 2011 Driving Buses to Casinos, With Long Hours and Little Rest
QUOTE: The low-cost tour-bus industry, where drivers often work long hours for little pay, has come under renewed scrutiny... Drivers, tour operators and watchdog groups say that many employees receive no benefits, work long hours and are poorly compensated... Federal rules that restrict drivers’ hours are only sporadically enforced, and some drivers say they have felt pressure to take long-haul trips that often stretch beyond the legal limit.
New York Times Mar 15, 2011 Hidden workforce challenges domestic economic recovery
QUOTE: These workers are not counted in the Labor Department’s monthly unemployment rate, yet they say they are willing to work. Since the recession began, their numbers have grown by 30 percent, to more than 6.4 million, amounting to a hidden labor force that could stymie the turnaround... Workers are counted as unemployed only if they are actively job-hunting. Otherwise, they are considered outside of the labor force altogether.
Washington Post Mar 07, 2011 Developers rage after Facebook blocks Google AdSense
QUOTE: Facebook created... an official list of acceptable ad providers that developers can use to make money with their Facebook applications. Notably absent from the list is Google's popular AdSense service, an omission that has developers on various forums up in arms. Also missing: Amazon.com, which offers an advertising API.
InfoWorld Dec 28, 2010 Your iPhone and iPad are tracking you, researchers say
QUOTE: Consumers who say their personal information has been sent to advertisers without their knowledge have launched a legal battle against Apple and the makers of some of its most popular apps… "It's an invasion of their privacy, and it's done without their consent.”
Washington Post Jul 26, 2010 Raising Coffee in Ethiopia, With Help From Harlem
QUOTE: It [Aby Fund] will soon be joining forces with a co-op of 700 coffee farmers in the ancient Ethiopian city of Harrar, with a mission to improve the quality of the farmers’ lives by helping them improve the quality of their coffee beans.
New York Times Jul 03, 2010 As Oil Industry Fights a Tax, It Reaps Subsidies
QUOTE: With federal officials now considering a new tax on petroleum production to pay for the cleanup, the industry is fighting the measure, warning that it will lead to job losses and higher gasoline prices, as well as an increased dependence on foreign oil. But an examination of the American tax code indicates that oil production is among the most heavily subsidized businesses, with tax breaks available at virtually every stage of the exploration and extraction process.
New York Times Jun 30, 2010 The Good Driller Award
QUOTE: as long as we continue to drill for oil and mine for coal, we must do everything we can to make those industries safer. That includes not just tough, well-enforced regulations, economic liabilities and criminal penalties for companies that prove too dangerous, but also positive incentives and public rewards for those that put safety first.
New York Times Jun 30, 2010 Damages Control
QUOTE: WHEN corporations like Exxon, State Farm and Phillip Morris lose tort cases, juries occasionally award, in addition to compensation for the plaintiff’s injuries, extensive punitive damages. But jurors are often unaware that companies are able to deduct those punitive damages in calculating their federal income taxes, saving them millions of dollars and undermining the original goal of the damages: to punish reprehensible corporate behavior.
New York Times Sep 09, 2009 History will judge Lehman mistake harshly
QUOTE: The thousands of comments MarketWatch community members post on news stories and columns each day typically range from insightful to snarky to downright hilarious. On Sept. 16 of last year, the day after Lehman Brothers was allowed to collapse, one came over that was frightening.
Aug 29, 2009 Toyota Accused of Hiding Evidence
QUOTE: Former Lawyer at Automaker Charges Evidence in Rollover Cases Was Concealed, Destroyed.
CBS News Aug 07, 2009 Securing Government Money for Security
QUOTE: To get clients to the right people, Banks, 35, employs about 20 former defense and security honchos from federal agencies, as well as veterans of consulting firms and defense companies. Her team includes former FBI investigators, CIA operatives and analysts, Air Force and naval intelligence officers, and diplomats. Many still have their security clearances.
BusinessWeek Aug 04, 2009 SEC Fines GE $50 Million for Accounting Misdeeds
QUOTE: Managers at GE's Transportation Systems pretended they had sold more than 100 locomotives that were actually running at idle on GE property in the December cold of 2002, the Securities & Exchange Commission charged on Aug. 4....The suit alleged that two sets of transactions were intentionally designed to defraud investors.
BusinessWeek Aug 02, 2009 The FTC Takes On Targeted Web Ads
QUOTE: Now, Leibowitz wants to terminate—or at least rein in—a different practice he finds no less harmful to consumers: delivering ads to individuals based on the Web pages they visit and searches they carry out....How far he goes in regulating the practice could have big implications for a host of companies that depend on Web advertising and engage in some form of targeting.
BusinessWeek Jul 31, 2009 iPhone Apps: What Makes Apple Say No? Recent app rejections, including Google Voice, have developers—and the FCC—asking Apple to clarify its criteria
QUOTE: Other programs are rejected because they duplicate (or potentially compete with) Apple's iPhone software. On July 31 the Federal Communications Commission sent a letter to Apple questioning its rejection of Google Voice, a telephony application. Many analysts believe the service was blocked because it could have snatched revenue from Apple's exclusive wireless service provider, AT&T (T), by providing cheap call rates over Google's (GOOG) lines. AT&T denies any involvement in the move. Among the FCC's questions: Why was Google Voice rejected? What are the standards for acceptance and rejection?
BusinessWeek Jul 30, 2009 The Antitrust Cop and the Tech Industry: Christine Varney aims to reinvigorate antitrust policy without stifling U.S. business, but Google and Intel could be among her targets
QUOTE: Varney says her goal is to bring antitrust law back to its historical center, not simply to go after giants because of their size. "We are not anti-big in any way, shape, or form," says Varney, a former Federal Trade Commissioner who spent the past 12 years representing corporations as a partner at the Washington law firm Hogan & Hartson. "But with enormous success comes responsibility." Varney says the Justice Dept. will be taking a look at a range of industries including transportation and technology.
BusinessWeek Jul 30, 2009 Hermitage Claims Russian Bankers May Have Helped With Fraud In a New York court filing, Hermitage alleges that executives of Moscow investment bank Renaissance Capital Holdings had prior knowledge of theft and tax fraud
QUOTE: Hermitage has alleged that it was the victim of Russian corporate raiders and corrupt government officials who cooperated to steal its assets, file bogus law suits, and reclaim $230 million in taxes previously paid by Hermitage to the Russian government. In its filing on July 28 Hermitage alleges publicly for the first time that executives of another prominent Moscow financial institution, investment bank Renaissance Capital Holdings, may have helped defraud Hermitage.
BusinessWeek Jul 30, 2009 How Reliable Are Lobbyist Registration Data?
QUOTE: The Government Accountability Office audits a random sample of lobbyist filings, but federal law doesn't require lobbyists to actually document the lobbying they say they're doing. In April, the GAO sampled 2008 lobbyist filings and discovered that two thirds included details the filers couldn’t corroborate; for roughly a quarter of the filings, lobbyists couldn’t even establish which branch of government they had contacted for clients.
BusinessWeek Jul 30, 2009 Health Care in Crisis: Better Ways to Beat Cancer?
QUOTE: The Klinik offers both conventional and alternative cancer therapies that are not sanctioned by the American medical establishment...The doctors asked that he return for a second series of treatments as soon as possible, once the infection had been cleared up. They also added that he had responded remarkably well and would probably survive....One would think that if we were truly serious about the war on cancer, there would have been a thorough investigation of the successful treatment he received. Instead, we received only silence from the very American oncologists who verified that Mike Ellis' cancer had gone into remission.
BusinessWeek Jul 29, 2009 Health Care in Crisis: Patients Are Pushovers
QUOTE: Did the surgeon check the chart?....A key medical test: not given...."money machines:" for doctors....Is Most heart surgery unnecessary?
BusinessWeek Jul 29, 2009 Resveratrol: The Hard Sell on Anti-Aging
QUOTE: But to Sinclair's chagrin, he was quickly turned into a pitchman by companies selling resveratrol supplements on the Internet....The doctor never uttered any of the words attributed to him. In fact, Sinclair is the first to admit that the whole resveratrol story has never been clear-cut. Although that name is on the label of red-grape extracts sold in health food stores everywhere, such resveratrol pills have never been proven effective in large-scale clinical trials.
BusinessWeek Jul 28, 2009 Health Care in Crisis: Overmedicating America
QUOTE: But there was a discrepancy in Judi's spinal tap results: All the markers for MS came back negative. While there was one spot of demyelination on her spinal cord, the cause of that damage was not MS. Dr. Chen, Judi's neurologist, delivered the good news—but at the same time said she wanted Judi to start the treatment as if her tests had come back positive....The proposed treatment involved in this case could have amounted to a lifetime cost of more than $450,000—and this for a patient who in fact does not have the disease for which the treatment was prescribed.
BusinessWeek Jul 27, 2009 Health Care in Crisis: Needless Costs, Needless Deaths
QUOTE: Operating with Poor Odds for Comfort....Heart Operations: Most "Are at Best Unnecessary"....Cheaper Alternatives Can Work Better
BusinessWeek Jul 26, 2009 Skilled Immigrants on Why They're Leaving the U.S.
QUOTE: But the issue is tricky when it comes to the most educated and skilled immigrants—people like Ganguly. When well-paid individuals leave the country, that cuts into already depleted tax revenues for state and local governments. The departure of top talent in technology and science may also undercut the prospects for a recovery in the U.S., many economists say. These immigrants often start companies and come up with technological breakthroughs, creating new job opportunities for all.
BusinessWeek Jul 22, 2009 Even the Employed Lose with Hour and Wage Cuts
QUOTE: The average workweek for the month fell 0.1 hours, to 33 hours, the lowest ever recorded for data that go back to 1964. Average weekly earnings, meanwhile, actually fell to $611.49 in June, from $613.34 in May. Hourly earnings remained flat. Economists say the combination of reduced hours and pay, along with continued job losses, could significantly slow a recovery as even the employed lack the means to boost their spending.
BusinessWeek Jun 26, 2009 The Mid-Year Employee Review Takes on More Weight
QUOTE: Companies that have frozen outside hiring are looking closely at whether the people on staff are in the right jobs. And faced with the prospect of further layoffs as profits fall, some bosses are using the interim review to warn of tougher grading policies.
BusinessWeek Jun 25, 2009 Are Smarter Gadgets Good for the Planet?
QUOTE: Intel regularly describes as the "2%, 98%" rule—that operating info tech contributes only 2% of global carbon emissions and can be used to minimize the other 98%....The widely cited 2% figure looks only at the energy impacts of IT equipment as it's being operated, not as it's being manufactured.
BusinessWeek Jun 24, 2009 Are Batteries in Electric Cars Safe? Automakers are pressing ahead with plans for hybrids and electric vehicles powered by lithium-ion batteries, but at what risk?
QUOTE: some experts are raising concerns about their safety. The worst-case scenario: thermal runaway, which can happen when a short circuit inside a battery sparks a chain reaction, causing overheating or a fire....The incidence can be higher for the products of less experienced battery makers.
BusinessWeek Jun 23, 2009 Experts: Apple Disclosure 'Falls Short'
QUOTE: Legal obligations aside, Apple nevertheless has a responsibility to be more forthcoming with shareholders, says Steve Davis..."As long as Steve Jobs remains the CEO of Apple, he cannot necessarily claim the same degree of privacy as an ordinary citizen,"
BusinessWeek Jun 23, 2009 What Small Business Owners Want from Obama
QUOTE: While many entrepreneurs give President Barack Obama credit for a policy initiative that dropped fees on U.S. Small Business Administration-backed loans and increased the agency's loan guarantees, they worry that the incentives are not working...."When a bank writes down a loan, money that would otherwise be available for loans must be used for the bank's capital reserve and can't be lent out."
BusinessWeek Jun 23, 2009 Credit-Card Companies: Who Qualifies Now?
QUOTE: Jittery banks, eager to reduce potential risk, appear to be targeting many borrowers with low-balance or inactive accounts. About 11% of customers who saw their limits cut had no "risk triggers" during that period and generally had very high credit scores. Risk triggers include late payments, excessive cash advances, check bouncing, collecting unemployment, or having a mortgage in an area where property values are plummeting.
BusinessWeek Jun 23, 2009 No Justice for Business in Russia
QUOTE: Council of Europe report alleges that Russia's justice system is characterized by "pressure on judges," frequent "intimidation and reprisals" against defense lawyers, "irregularities in the investigative process," and "political interference in the criminal justice process"...the findings are likely to influence other countries' perceptions of Russia's legal system. And that is likely to reinforce increasingly negative opinions of Russia's legal climate among international investors.
BusinessWeek Jun 21, 2009 Immigration: More Foreign Nurses Needed?
QUOTE: Wexler's bill is opposed by labor unions, whose leaders say it would undermine efforts to produce a steady domestic workforce while sapping other nations' nurses. Obama has also expressed skepticism about the idea that the U.S. needs to import nurses, in particular because the U.S. unemployment rate continues to rise.
BusinessWeek Jun 19, 2009 Dole Claims Bananas! Film Documents Fraud
QUOTE: Many of the claims are fabricated....The 60-page document chronicles an elaborate scheme by attorneys, judges, and others, including Dominguez, to mass-produce fake cases. Recruiters rounded up people from around Nicaragua who had never worked on a banana farm, then provided them with training manuals, videos, and even "field trips" to the farms so they could appear to be credible plaintiffs.
BusinessWeek Jun 18, 2009 'Cash for Clunkers' Bill Passes
QUOTE: in passing the bill on June 18 as an add-on to funding for the wars in Iraq and Afghanistan, Democrats also defeated the "green" wing of their own party, who wanted to do much more to favor the purchase of passenger cars over pickup trucks and SUVs. The bill, which President Barack Obama is expected to sign, will enable many consumers who take advantage of the program to buy trucks that are barely more fuel-efficient than their old guzzlers.
BusinessWeek Jun 16, 2009 British Phone Tax to Fund Broadband
QUOTE: The government has announced plans for a 50p per month levy on all fixed copper lines to fund the expansion of fibre broadband to areas where the market fears to tread.
BusinessWeek Jun 14, 2009 Nike Quietly Goes Green
QUOTE: those at Nike choose to play down sustainability initiatives. Nike customers buy shoes to make them feel fast, slick, and hip; they don't care much about being eco-chic. "Nike has always been about winning," says Dean Crutchfield, an independent branding consultant in New York. "How is sustainability relevant to its brand?"
BusinessWeek Jun 12, 2009 Has Government Crossed the Line?
QUOTE: the sniping that occurred came as various government figures criticized one another for doing too little. Now, however, the grousing is shifting to arguments that the government is overstepping that subjective line between helpful intervention and harmful meddling, including in areas where business only recently welcomed Uncle Sam's dollars.
BusinessWeek Jun 10, 2009 The Fight Over Drug Data Mining
QUOTE: IMS Health (RX) has built a lucrative niche collecting data on which drugs physicians prescribe, then selling the information to pharmaceutical companies....The court's ruling would quickly reverberate beyond the pharmaceutical industry, affecting virtually any business that uses information about consumer buying behavior to guide its sales strategies.
BusinessWeek Jun 10, 2009 A Credit Card Fee Bonanza
QUOTE: The law reigns in credit card companies’ billing practices and limits the fees that banks can charge consumers....Credit-card companies, analysts say, will substitute one fee for another.
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