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Posts Tagged ‘pundits’

Donald J. Trump’s Election Day upset defied polls and media expectations. Once the mud-stained curtain of innuendo and accusation is pulled aside, it becomes evident that the Republican candidate appealed to American voters on a diverse array of issues — some of which have been more pivotal than others. Here’s a closer look at how Trump managed to pull off the biggest Election Day surprise many Americans have witnessed.

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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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The ballots are still being tallied but the electorate has spoken: (more…)

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