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Prahalad argues that squeezing profits from people with little disposable income--and often not enough to eat--isn't capitalist exploitation. In fact, tapping the spending power of the poor can reduce poverty, he maintains. Expansion by multinationals into new markets creates new jobs--product-distribution networks and shops, for example--and income earned from those jobs ripples through local economies, creating more new jobs, a phenomenon that economists call the multiplier effect. "This creates a large pool of individual entrepreneurs who are participating in an expanded economy," says Prahalad. "The company makes more profit, and the people's lifestyle...

Author: /time Magazine | Title: Marketing: Selling to The Poor | 4/17/2005 | See Source »

...Look at Fiona Apple’s recent (non)release, Extraordinary Machine. Say what you will about Ms. Apple’s merits, the fact of the matter is she’s got a talent that does not mesh with what her label (Sony) wants in a saleable product, and so the album has been shelved for years...

Author: By Drew C. Ashwood and Christopher A. Kukstis, CRIMSON STAFF WRITERSS | Title: On a Philosophy of Pop Music | 4/15/2005 | See Source »

...show you someone whose asexuality might rival Morrissey’s without his sense of melody: as you would be quick to agree, the song’s electronic flourishes and dynamic vocal performance are nonpareil today, even if to some extent the music is a product of some sort of attempt to create the aforementioned Madonna for the ’00s. The song, however commercial, however studio-staff heavy, evades the curse of boredom...

Author: By Drew C. Ashwood and Christopher A. Kukstis, CRIMSON STAFF WRITERSS | Title: On a Philosophy of Pop Music | 4/15/2005 | See Source »

...some sort of a divine thing? I mean, his name is Gabriel.” At the time, I couldn’t answer, but in the context of this new collection, the answer is more evident: the miraculous birth of a baby named Gabe is just another product of the wondrous and reality-bending imagination of this gifted young writer...

Author: By Christopher A. Kukstis, CRIMSON STAFF WRITER | Title: Salute This Alum's Shorts | 4/15/2005 | See Source »

...Kagan, in a joint statement issued early yesterday afternoon, acknowledged that Tribe committed “a significant lapse in proper academic practice” in the composition of the 1985 book. But Summers and Kagan said they are “firmly convinced that the error was the product of inadvertence rather than intentionality...

Author: By Daniel J. Hemel, CRIMSON STAFF WRITER | Title: School Won't Punish Tribe | 4/15/2005 | See Source »

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