The face of corporate exploitation in the third world is increasingly local, and thus even more invisible than usual. Most land in Africa is technically owned by "local chiefs," and bribery and collusion between chiefs, state and corporations are dispossessing huge numbers of rural families of their land, health and livelihoods.
The Tata Nano (pic) is a car that costs less new than the amount I've spent on gas during single car trips, recently announced to the auto market in India. The Chery QQ ^, successful , widely exported, and recognized as the Hostage Taker's Vehicle of Choice by China Car Times, is the runner-up for the world's cheapest car but is still approximately twice as expensive. Yes indeed, the price of gas is not going to come back down. So much for my coast-to-coast road trips. [more inside]
Sanjay Kumar gets 12 year setence, eight million dollar fine. Meanwhile, his old boss seems to have gotten away scot free.
What About Three-Strikes-and-You're-Out for Corporate Criminals? California State Senator Gloria Romero recently introduced a bill that would hold California's law-breaking corporations to the same standard to which the state holds its law-breaking citizens. Three strikes and you're out. (original link from Robotwisdom)
Accounting scandals aren't the only kind of corporate crime, maybe the Justice Department should talk to this guy.
Dishonesty in defense of tax cuts. Paul Krugman sets the record straight with refreshing honesty. If only he were in charge of our country's economics... From the CEO White House to our Banana Republics to our largest corporations budgetary dishonesty abounds and we'll eventually have to pay the bill.