Norway pulling money out of U.S. companies because of their lack of ethics
Norway has amassed a fortune of more than $300 billion over the last decade...but rather than managing their monstrous nest egg simply for the best returns, the reluctant billionaires of Norway are using the money to advance an ambitious ethical code...last June, Norway added Wal-Mart Stores to its blacklist for child labor issues...
Gods, isn't it exciting? This is the best thing since Karl Marx invented the Twinkie...erm...
But really, I'm seriously not joking: If Norway can cut a path into capitalism while thumbing its nose at the fat cats, we've got hope that Socialism may yet pervail, by steering the capitalist economy toward higher purpose.
What can selling off shares do? Well, most notably it depresses price, and I'm sadly not an ECON major (whoops...) so I don't know what else it does. Really, the Wal-Mart attack is more of a ray of hope that IPOs from companies that promise to change the world for the better will have strong starts.
The world, ruled from Trondheim...The best picture of 2112 I've seen in my mind's eye yet.
read more | digg story
Gods, isn't it exciting? This is the best thing since Karl Marx invented the Twinkie...erm...
But really, I'm seriously not joking: If Norway can cut a path into capitalism while thumbing its nose at the fat cats, we've got hope that Socialism may yet pervail, by steering the capitalist economy toward higher purpose.
What can selling off shares do? Well, most notably it depresses price, and I'm sadly not an ECON major (whoops...) so I don't know what else it does. Really, the Wal-Mart attack is more of a ray of hope that IPOs from companies that promise to change the world for the better will have strong starts.
The world, ruled from Trondheim...The best picture of 2112 I've seen in my mind's eye yet.
read more | digg story