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Worst Forms of Child Labor Occur in India’s Garment Industry | Inhabitat - Green Design Will Save the World

Worst Forms of Child Labor Occur in India’s Garment Industry | Inhabitat - Green Design Will Save the World | Economics | Scoop.it

According to a new report by the Centre for Research on Multinational Corporations (SOMO), countries such as India are the worst offenders when it comes to exploiting child labor.


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Rescooped by Jacaria Stringer from Valid arguments against Alberta child welfare
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Calgary family claims daughter 'legally kidnapped' by Alberta's child ...

Calgary family claims daughter 'legally kidnapped' by Alberta's child ... | Economics | Scoop.it
Fight Child Protection Department Corruption: Calgary family claims daughter 'legally kidnapped' by Alberta's child services. Teenager Lexi Whyte sits with mother Jessica Taylor in a bedroom of their Calgary home.

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Joy for stricken youngster Mackenzie Furniss as Government agrees to fund £160k towards her cancer treatment

Joy for stricken youngster Mackenzie Furniss as Government agrees to fund £160k towards her cancer treatment | Economics | Scoop.it
THE cash will allow the nine-year-old to receive the first stage of potentially life-saving treatment in Scotland rather than have to travel to Germany.

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Water Shortages Pose Greatest Threat to US Economic Growth

Water Shortages Pose Greatest Threat to US Economic Growth | Economics | Scoop.it
by 2024, water shortages and pollution will pose the greatest threats to the US, potentially ending all economic growth, as big oil refuses to accept climate change and continues to

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Pros and cons of rising labor costs - Chinadaily USA

Pros and cons of rising labor costs - Chinadaily USA | Economics | Scoop.it
Pros and cons of rising labor costs
Chinadaily USA
Strikingly, wages in China continued to increase during the 2009-11 period, even as other countries in the region felt the dampening impact of the global financial crisis.

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Rolling tobacco for a living

Rolling tobacco for a living | Economics | Scoop.it
Sagira Ansari is among the thousands of children working in hazardous industries that are crucial to the Indian economy.

This gallery of 9 images with captions is an excellent lens for showing life in South Asia and child labor issues. 


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Jessica Rieman's curator insight, April 23, 2014 1:46 PM

This article depicts the child labor that takes place in the South Asian territories and land among it. THe child labor is ruthless and truly long lasting and damaging to the children who ahve to endure it. For example,  Sangira Ansari has to roll tabaccoo for a liviing in order to survive and has to help by doing this because without these workers there would be no resources that are crucial to the economy and the govermential trade routes.

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Welfare changes could threaten winter night shelters, warns Homeless Link » Housing » 24dash.com

Welfare changes could threaten winter night shelters, warns Homeless Link » Housing » 24dash.com | Economics | Scoop.it
Homeless Link has warned that welfare changes could increase the death toll this winter.
Its report, ‘Severe Weather Responses’, found that last winter emergency homeless shelters played a vital role in preventing the deaths of many roug...
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Single parents in benefits scheme form 74% of households facing cuts

Single parents in benefits scheme form 74% of households facing cuts | Economics | Scoop.it
Welfare reforms 'creating fairness between jobless and workers' reveal effect on lone parents is greater than DWP predicted
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UNITED STATES: Shrimp shortage leads to record prices

UNITED STATES: Shrimp shortage leads to record prices | Economics | Scoop.it

You may have to skimp on the shrimp this summer.

 

Shrimp prices are skyrocketing to all-time highs, amid a disease that's plaguing the three largest prawn producers: Thailand, China and Vietnam. White shrimp prices are nearing $6 a pound, up 56% from a year ago, according to an Urner Barry index.

 

 

Interestingly though, the Cadillac of crustaceans is cheaper than it's been in a long time. Lobster prices, while still a lot higher than shrimp, have fallen recently. But more about that later.

 

The world is facing an "acute shrimp shortage," the worst of its kind since industrial shrimp farming emerged, say Rabobank analysts in a report aptly named "Shrimp in a crimp."

 

Thailand is the world's largest shrimp producer and has been hit hardest by the disease. The country alone supplies about 30% of the tropical shrimp in the United States and the European Union, and is expected to see its supply cut in half this year.

 

Related: How access to fresh food divides Americans (http://features.blogs.fortune.cnn.com/2013/08/15/two-americas-food-deserts/)

 

Each year Americans eat an average of four pounds of shrimp per person, but consumption will probably drop in 2013, the Rabobank analysts say.

 

"After a decade of explosive growth, the global farmed shrimp industry has reached a turning point," they said.

 

Back in June, Darden Restaurants (DRI, Fortune 500), the parent company of Red Lobster, Olive Garden and other chains, noted higher food costs partly due to "shrimp supply disruptions" could cut into future sales. Seafood alone accounts for about a quarter of Darden's total cost of goods sold, of which shrimp is the most popular protein.

 

Related: Jumbo shrimp pizza and green tea Oreos are big in China (http://money.cnn.com/gallery/magazines/fortune/2013/06/06/china-foods.fortune/index.html)

 

And the disease isn't the only thing pushing shrimp prices higher. In other news on the shrimp beat, the Commerce Department ruled Tuesday that China, Ecuador, India, Malaysia and Vietnam have all unfairly subsidized shrimp that's exported to the United States.

 

The ruling could lead the U.S. to enact duties on shrimp from some of those countries, leading to even higher shrimp prices.

 

It was welcomed by shrimpers in the Gulf Coast, who suffered setbacks from the BP oil spill three years ago and now struggle to compete with cheap shrimp farmed in Asia. American suppliers account for less than 10% of the shrimp consumed in the U.S.

 

Why lobster is so cheap

 

But back to lobsters. As of August, the average 4 oz. lobster tail cost $13.25, according to Urner Barry. That still costs more than 2 pounds of shrimp, but it's the lowest price in 11 years, as warmer water and fewer predators have led to an abundant supply of lobsters.

 

In fact, over-supply has become such a problem for Maine fisherman, the state recently approved a $2 million campaign to promote their lobsters both in the U.S. and abroad.

 

 

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The LeBron X Will Sell For $315: Nike's Most Expensive Sneaker Ever

The LeBron X Will Sell For $315: Nike's Most Expensive Sneaker Ever | Economics | Scoop.it

Via Miami New Times:

 

LeBron James' latest sneaker line will go where no Nike sneaker has ever gone before: above the $300 price point.

 

James debuted his new kicks in the Olympic's gold medal game, and now Nike has announced they can soon be yours for $315. For comparison, the LeBron 9s sold for only $170.

 

According to The Wall Street Journal, Nike attributes the price hike to rising labor costs in China and an increase in cotton prices. The kicks come with all the latest technology, including the Nike+ system, but it's hard to imagine what exactly necessitated a $145 price hike with this latest model.

 

We're just wondering then why they didn't just set the price at $305, given that James plays for the Heat and all...

 

(click pic to continue reading)


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