Word: globalization
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Dates: during 2000-2009
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...pictures of the global financial crisis...
...icon which has just failed in its bid to take over motoring giant Volkswagen and will now be merged into the VW group. He took the job when Porsche was on the skids and transformed the company into a lean, profitable manufacturer while reestablishing Porsche as a leading global brand...
...symbol of the greed generation, just as Bernie Madoff is in the U.S. or the Royal Bank of Scotland's Fred Goodwin is in Britain. Not a criminal like Madoff, obviously, but someone who overreached, who dreamed too big. "Porsche is another example of how the gambling mentality in global casino capitalism has infiltrated even the most down-to-earth companies and industries in Germany," complained Joachim Poss, a finance expert for the Social Democrats party. (See pictures of American muscle cars...
Some of the companies named in the report defend their business in the DRC by noting that their practices abide by the Electronic Industry Code of Conduct or the ethical principles of the International Tin Research Institute. Global Witness calls for higher standards in these industry guidelines to successfully monitor trade systems in conflict areas. "I don't think there's an obvious or easy answer" to the supply-chain problem, says Global Witness spokesperson Barry. "We are absolutely not calling for companies to pull out because we acknowledge it is a legitimate source of livelihood." The group's chief...
...time or moonlighting ventures. If business starts booming, neophyte owners seeking to expand by taking on employees have to register under the normal labor regime, which means assuming the taxes and salary-linked social charges that prove so dissuasive to many would-be entrepreneurs in the first place. (See "Global Business: France...