Globalization

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June 2008
- Oil Price Spike Brings Jobs Back to US
  
  Wall Street Journal | Jun 13, 08 11:30 AM CDT
  
  (Newser) - As costs for overseas production and shipping soar, US companies are growing reluctant to outsource manufacturing—and some are even bringing their plants back to America, the Wall Street Journal reports. “In a world of triple-digit oil prices, distance costs money," said an economist. But it’s not just the transport: Raw materials are getting pricier, and workers abroad are calling for more money. More »
May 2008
- US, UK Workers to Create First Trans-Atlantic Union
  
  Wall Street Journal | May 24, 08 10:07 AM CDT
  
  (Newser) - Workers from the US and UK are close to joining forces in what would be the first trans-Atlantic labor union, the Wall Street Journal reports. United Steelworkers is in talks with Britain’s Unite to create a 3-million-member group that would act as a single union in the US, Canada, Britain, and Ireland, fighting for workers’ interests amid multi-national companies. More »
- Who Cares Who We Talk to?
  
  New York Times | May 21, 08 1:42 PM CDT
  
  (Newser) - Though politicians and pundits alike are caught up in which foes the US should or shouldn't be reaching out to, Thomas Friedman, in the New York Times , points out that few world leaders of any stripe are sitting by the phone waiting for our call. Waning American influence and the rise of new powers in the developing world and outside the state system worry Friedman much more. More »
- Small-Town Coffee Purveyor Goes Grande
  
  Barre-Montpelier Times Argus | May 9, 08 9:00 PM CDT
  
  (Newser) - A success story is brewing in tiny-town Vermont, where a coffee roaster is supplying beans to 600 McDonald's restaurants across 50 states and 25 countries. The creator of Green Mountain Coffee Roasters, Bob Stiller, never imagined such a feat—nor the $121 million in sales last quarter—when he started the business in 1981. "This vision of today was not in his mind," Green Mountain exec Jon Wettstein said. More »
- Asia Needs Funds to Battle Food Crisis
  
  Reuters | May 5, 08 4:40 PM CDT
  
  (Newser) - Asia need funds fast to prevent billions of people from facing severe hunger, says the region's development bank. The bank today appealed for "money and ideas" to stave off poverty in the wake of rice and wheat prices doubling over the past year, reports Reuters. "The global fight against poverty will be won or lost in our region," said the bank's president. More »
- US Should Welcome New World Order
  
  Newsweek | May 5, 08 10:00 AM CDT
  
  (Newser) - The age of American dominance is ending, and Americans should be fine with that, writes Fareed Zakaria in his new book The Post-American World . In an excerpt in Newsweek , Zakaria argues that America’s long-preached globalization gospel has produced a prosperous “post-American” landscape. “It is the rise of the rest—the rest of the world.” More »
- Globalization Gives Pols an Easy Villain
  
  New York Times | May 2, 08 3:50 PM CDT
  
  (Newser) - The candidates can complain all they want about globalization killing American workplaces, David Brooks writes in the New York Times , but job losses “would be happening even if you tore up every free trade deal ever inked.” It's no mystery, he argues: "The chief force reshaping manufacturing is technological change." More »
April 2008
- Another Key Shortage: Fertilizer
  
  New York Times | Apr 30, 08 10:02 AM CDT
  
  (Newser) - One of the less touted factors behind the global food crisis is a shortage in chemical fertilizer, which has helped boost crop yields dramatically and particularly benefited the developing world. But while growing demand is unlikely to be met for many years, the environmental impact of producing and using chemical fertilizers is significant and negative, the New York Times reports. More »
- Bush Derides Pelosi's 'False Populism' in Trade Impasse
  
  New York Times | Apr 22, 08 7:11 PM CDT
  
  (Newser) - Saying the House's top Democrat has been swayed by "voices of false populism," President Bush today ripped Nancy Pelosi for blocking a trade accord with Colombia, the New York Times reports. "it’s bad for our hemisphere to have the United States of America turn its back on a mutual friend like Colombia," Bush said in an appearance with the leaders of Canada and Mexico. More »
- Booming India Sees 'Brain Gain'
  
  Guardian (UK) | Apr 20, 08 5:04 PM CDT
  
  (Newser) - India's educated are no longer rushing to the West for big bucks and a better lifestyle, the Guardian reports. More university grads are refusing to emigrate and many expats are returning home—a trend experts are dubbing "brain gain." One Indian, formerly in London, said he would "read about what was happening in India and I'd ask myself: What am I doing here? It was an obvious choice to return." More »
- Europe Backtracks on Biofuels
  
  Guardian (UK) | Apr 19, 08 2:42 PM CDT
  
  (Newser) - The European commission is backing off a proposed 10% biofuels quota as scientists warn that the alternative fuels actually hurt the environment, the Guardian reports. “This is all very sensitive and fast-moving,” said a commission official. “There is now a lot of new evidence on biofuels, and the commission has become a prisoner of this process.” More »
- Europeans Cite China as Top Stability Threat
  
  Financial Times (UK) | Apr 15, 08 1:00 PM CDT
  
  (Newser) - Europeans see China as the biggest threat to world stability, a new poll says. In the wake of the Tibet crackdown, 35% of Europeans labeled China a bigger threat than any other state, reports the Financial Times . “The story of the last five years has been about economic opportunities," said one expert. "The story of the last six months has been about China as a threat in Darfur and in Tibet." More »
- Surging Energy Prices Drive Global Inflation
  
  Wall Street Journal | Apr 10, 08 12:00 PM CDT
  
  (Newser) - Inflation in Europe and the US is projected to reach its highest point since 1995, the Wall Street Journal reports, with food prices up 83% in three years and rising energy and transportation costs. The International Monetary Fund predicts the US and Europe will see inflation of 2.6% this year, with consumer prices in developing countries rising 7.4%. More »
- Pelosi, Dems Hijack Colombia Free-Trade Deal
  
  New York Times | Apr 9, 08 6:58 PM CDT
  
  (Newser) - Congressional Democrats thumbed their noses today at Bush's renewed efforts to pass a free-trade pact with Colombia. Bush sent the bill over Monday, mandating Congress to vote yea or nay within 90 days. Or so he thought. Nancy Pelosi is changing the House rules and won't allow a vote until the White House attends to more pressing domestic issues, the New York Times reports. More »
- Bush to Give Congress Colombia Bill
  
  Washington Post | Apr 7, 08 7:51 PM CDT
  
  (Newser) - President Bush said today he is handing Congress a much-disputed Colombia free trade pact, the Washington Post reports. But with both Democratic presidential candidates and many lawmakers opposing it, the bill has little chance of passing. Democrats have long blasted Colombia for failing to protect labor advocates and curb violence. "Workers are routinely murdered for seeking to exercise their most basic economic rights," Sen. Harry Reid said. More »
- Crisis Looms as Rice Prices Soar
  
  Guardian (UK) | Apr 6, 08 2:21 PM CDT
  
  (Newser) - Rice feeds half the world's population, but this year there isn't enough to go around and prices have risen by 50% over the last two weeks alone. Population growth is outpacing production, and stocks are at a 30-year low after droughts decimated harvests in China and Australia. Countries are banning rice exports and punishing hoarders to prevent looming food riots, the Guardian reports. More »
- Clinton Aide Met With Colombians on Trade Deal
  
  Wall Street Journal | Apr 4, 08 2:01 PM CDT
  
  (Newser) - Hillary Clinton’s chief strategist met with Colombia’s ambassador to the US this week on a trade deal the Democratic candidate opposes—in his capacity as a lobbying executive, the Wall Street Journal reports. Mark Penn's firm, Burson-Marsteller, was paid $300,000 to fight for the bilateral accord, which President Bush says he could send to Capitol Hill next week. More »
March 2008
- Tata's Luxury Buys Tell World 'We're Here'
  
  BBC | Mar 26, 08 11:53 AM CDT
  
  (Newser) - Perhaps you’ve never heard of Tata, the Indian company that's the new owner of Jaguar and Land Rover—but it's already a $70 billion globe-straddling giant, the BBC reports, with major subsidiaries in a host of industries. Not content with dominating its fast-growing home market, Tata Motors sells cars in Africa, South America, and throughout Asia. More »
- Sovereign Funds Agree on Conduct
  
  Wall Street Journal | Mar 20, 08 5:35 PM CDT
  
  (Newser) - Investment funds bankrolled by the governments of Abu Dhabi and Singapore agreed today with US Treasury Secretary Henry Paulson on guidelines aimed at allaying fears of political interference by the sovereign wealth funds, the Wall Street Journal reports. Decisions should be “based solely on commercial grounds," a statement reads, "rather than to advance … the geopolitical goals of the controlling government." More »
- Art Funds Looking Far East
  
  Bloomberg | Mar 20, 08 11:54 AM CDT
  
  (Newser) - With major economies slowing and the US dollar near historic lows, art investment funds are looking to move away from the slowing Western art market, Bloomberg reports. Funds are sinking millions into works from China, India, and the Middle East. One leading fund has met its target for contemporary Chinese art and is aiming to expand into older works. More »