101811Week9Prep

101811Week9Prep - IE334 Week 9 Oct. 18 Admin. Wall Str....

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IE334 – Week 9 – Oct. 18 th Admin. 1-2 “Wall Str. Etc.” 3-14 15-22 News 23-25 5 Strategies 26-32 Data for ASEE 33-37
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Ass #6 breakdown – 45 rec’v’d GE Climate Change 4 Animal Testing 9 IBM Political Payments 10 P&G Animal Testing 14 Boeing Military Contracts 5 Political Payments 1 Ind. Chairman 1 Human Rights* 1 * Not one of the options
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“I stopped by Chicago’s City Hall last week to interview the mayor, Rahm Emanuel, the former White House chief of staff. I find “Rahmbo’s” Chicago agenda intriguing because it’s a microcosm of what the whole country will have to do for the next decade: find smart ways to invest in education and infrastructure to generate growth while cutting overall spending to balance the budget.” Friedman: A Progressive in the Age of Austerity NYT 10/16/11
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NYT 10/16/11 “Doug Oberhelman, the C.E.O. of Caterpillar, which is based in Illinois, was quoted in Crain’s Chicago Business on Sept. 13 as saying: “We cannot find qualified hourly production people, and, for that matter, many technical, engineering service technicians, and even welders, and it is hurting our manufacturing base in the United States. The education system in the United States basically has failed them, and we have to retrain every person we hire.””
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That’s why the issue for Chicago, and the nation, is the same: Can we cut enough fat to keep building enough muscle — while reforming taxes to raise more revenue — so we pay for the excesses of the last 20 years while financing the tools our kids and innovators need to thrive in the next 20? If so, we’ll have a hard decade, but can still have a good century. If not? Well, let’s just do it and not go there.
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According to the C.I.A.’s own ranking of countries by income inequality , the US is more unequal a society than either Tunisia or Egypt. Three factoids underscore inequality: The 400 wealthiest Americans have a greater combined net worth than the bottom 150M Americans. The top 1% of Americans possess more wealth than the entire bottom 90% In the Bush expansion from 2002 to 2007, 65 percent of economic gains went to the richest 1% NICHOLAS D. KRISTOF NYT 10/16/11
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Unemployment levels for last sixty years
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Corporate Profits After Tax – same period
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U n e m p l o y d C r . P f i t s
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CP/GDP
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This note was uploaded on 10/24/2011 for the course IE 334 taught by Professor Gard during the Spring '11 term at Lehigh University .

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101811Week9Prep - IE334 Week 9 Oct. 18 Admin. Wall Str....

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