Word: profiteering
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Dates: during 1990-1999
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...known as "The Best of the Quad" Formal. Residents of all three houses downplay the effects this move will have on Quad relations. Cendan and Garcia are already planning more Quad-wide events and would be happy to include Cabot--but only with three-way divisions of work and profit. And, according to Jones, "[This year's situation] doesn't preclude future chances of having a Quad formal...
...group, United Students Against Sweatshops, released the Workers Rights Consortium (WRC), an outline of principles for university monitoring of overseas garment factories. The WRC calls for full public disclosure of locations and wage information of all factories producing college clothing. It also mandates the establishment of a small non-profit monitoring body responsible for responding to worker complaints. These principles represent a clear break from those currently held by the government and industry-sponsored Fair Labor Association (FLA), which would rely on classified, corporate audits for information about overseas labor conditions. Harvard ought to support the WRC principles, because they...
Even if we believe that for-profit consulting firms with long-term business relationships to garment corporations can deliver objective information, as the present FLA plan stands, each factory would be inspected once every ten years--ten lifetimes in today's economy. And, since inspections are pre-announced, factories owners will rest easy, knowing they can abuse women workers and bust unions for years and still enjoy valuable "sweat-free" certification from the U.S. government--and Harvard...
...days, is set to further ruffle the feathers of the already defensive drug industry and reignite the debate over possible Medicare drug price controls. In addition to his probe into drug costs, the President wants to make prescription coverage part of Medicare, and pharmaceutical companies, fearing for their profit margins, are resisting what they see as an inexorable push toward federal price controls. A consortium of pharmaceutical companies recently launched a bitter ad campaign attacking the President?s plan, calling it "big government in our medicine cabinets...
...move to control drug costs, he could do his own party a great deal of good. At the same time, says TIME national economic correspondent Adam Zagorin, the President should recognize that this is a highly nuanced issue, with voters aware that pharmaceutical companies need to recoup a certain profit to cover past investments and to continue research into new drugs. "The key to this issue is balance," he says...