Word: indianness
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...That's all but impossible to do under current market conditions. Competition between factories is fierce, and their profit margins have shrunk. There's a glut of Chinese and Indian factories competing for Western clients, so if a factory doesn't pass audits, multinationals can just walk across the street. With the Chinese workweek capped at about 50 hours (including overtime), strict new labor laws and growing competition for workers, it's getting tougher to comply with the law, pay the minimum wage, make order deadlines - and earn a profit. Says Rosey Hurst, founder of Impactt, an ethical trade...
...Codes of conduct hammered out in corporate offices in the West can lose in translation when applied overseas. Mukhtarul Amin, managing director of Superhouse Ltd., an Indian clothes manufacturer that counts Esprit and Diesel among its clients, candidly admits that he can meet only 95% of his social responsibility commitments. Some, he says, are just too difficult, or aren't relevant to Indian society. French retailer Decathlon requires suppliers to have official documentation of workers' ages. "They don't know that a large number of Indians in rural areas have no such documents," says V. Srinivasan, a Superhouse manager...
...specific battle is, if narrow, also essentially accurate. Flags Of Our Fathers zeroes in on the soldiers who hoisted the U.S. flag atop Mount Suribachi, and this task, memorialized in a famous staged photograph, was accomplished by five white servicemen and a sixth, Ira Hayes, of Pima Indian descent. (His other entry in the Iwo Jima category, Letters from Iwo Jima, is told largely from the perspective of Japanese soldiers...
...original version of this article stated the servicemen who raised the U.S flag over Mount Suribachi were white. One of those six, Ira Hayes, was an Arizona Pima Indian...
That would seem to be a fantastic turn of events, transforming microfinance institutions into more sophisticated operations that can reach millions more people. In the dusty Indian village of Veeravelly, in the state of Andhra Pradesh, for example, loans from SKS Microfinance have led to a spate of small businesses and, in turn, money for onetime luxuries like refrigerators and solid roofs. A more competitive, more developed industry means lower loan rates and new services like savings accounts, mortgages and insurance. "Clients are coming into our offices and saying, 'O.K., if I go to another microfinance institution...