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Posts Tagged ‘nation’

By all counts, the pre-Election Day polls suggested the 2012 presidential race would be so razor-thin close, it could even be a repeat of the 2000 Bush vs. Gore presidential election, in which the popular vote and the electoral college vote were at odds.

Here’s what appeared to have sealed the deal on the Obama reelection*:

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She’s the world’s wealthiest woman you’ve never heard of and she’s saying something you probably wish you hadn’t: “Gina Rinehart, world’s richest woman, makes case for $2-a-day pay“,the Los Angeles Times reports.

The Australian mining heiress has a problem. The cost of running a mining operation in Australia cannot compete with Africans willing to work a continent away for $2 per day.

There’s a certain elementary logic to Rinehart’s argument. If the two nations are selling raw materials at vastly different prices because of vastly different costs of labor, her operation loses. In a worse-case scenario, it might not even make sense to go on operating. From Rinehart’s perspective, profit is the objective and benevolence is a job — never mind if the jobs she creates fails to compensate workers well enough to keep the lights on. She’s precariously positioned on that slippery slope so common to today’s political and trade debates: It could be worse: no jobs.

The world’s richest woman has a point. But it doesn’t pass the sustainable-future test.

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What Raindrops Tell us About the Emergent World Order

President H.W. Bush, borrowing a phrase from an earlier¬†era,¬†popularized the term “New World Order” (NWO) in the early 1990s. But while the New World Order has legitimate roots, it has come to be associated with little more than paranoid conspiracy.

Given what we’ve witnessed in recent times, however, is it wise to continue to dismiss the notion out-of-hand?

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