Word: socialism
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Dates: during 2000-2009
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...Making it harder to contain those numbers is the fact that the same multinationals that are Africa's cigarette suppliers are also its benefactors. Tobacco companies have jumped into the corporate-social-responsibility game, doing all manner of benevolent work across Africa and Asia. In 2005, Philip Morris paid $5 billion to buy Indonesian cigarette-maker Sampoerna, a company that was already pouring money into scholarships for local students. British American does similar work in Malaysia, and in Nigeria has devoted 1% of its local profits to improving access to drinking water, health care and vaccines. That kind of largesse...
...Daniel E. Herz-Roiphe '10, a Crimson editorial chair, is a social studies concentrator in Adams House...
...worker's right to set his own price for his labor. The first federal minimum-wage law, the Fair Labor Standards Act, passed in 1938, with a 25-cent-per-hour wage floor and a 44-hour workweek ceiling for most employees. (It also banned child labor.) Outside of Social Security, said Roosevelt, the law was "the most far-sighted program for the benefit of workers ever adopted." Wages must ensure a "minimum standard of living necessary for health, efficiency and general well-being," the act stipulated, "without substantially curtailing employment." (See 10 perfect jobs for the recession - and after...
Dissenting conservatives, meanwhile, denounce the law as a threat to an array of social and cultural traditions rooted in the seventh day being one of rest. They warn that family gatherings, leisure activities and even church attendance will suffer greatly as people are forced to don the dominical yoke of labor. Where will the next Renoir get his inspiration for another Bal du Moulin de la Galette? What would Seurat's Sunday Afternoon on the Island of La Grande Jatte be without the Sunday bit? And how to defend the colors against the neighborhood rival if your goalkeeper and best...
Traxys CEO Mark Kristoff told TIME that his company suspended trade in the DRC in May 2009 until there is a clearer road map for cooperation among companies, the U.N. and governments for a plan of social action. He added that Traxys' $50 million in trade in the DRC is equivalent to 1% of the company's total business. Afrimex told TIME via e-mail that its last shipment from the DRC took place in September 2008 and all such transactions have since ceased. "Any link between Afrimex's past mineral-trading and armed groups remain wholly unfounded," the statement...