What is Digg?137 Comments
- Lixie, on 10/12/2007, -9/+66Yeah, I've never understood why companies must always increase sales each quarter. Isn't being profitably good enough? Growth for the sake of growth is the philosophy of a cancer cell, so I've been told.
Isn't it good enough to make $50mil in profit each year? Why must they fire people in massive layoffs because they only made $52mil profit the next year? - reeder, on 10/12/2007, -12/+61No *****, when will people realize that the pursuit of short term profits always defeat long term goals.
- eblonk, on 10/12/2007, -6/+38It´s their money, they can do whatever they want with in within legal boundries. If their reasoning is correct or not does not matter. Cold-blooded capitalists like Wal-Mart should understand that. They just never expected that who lives by the sword.........
- dogstar0125, on 10/12/2007, -11/+40"Wal-Mart has contributed a tremendous amount to society"? You mean by driving smaller companies out of business? By driving smaller suppliers out of business? By moving all manufacturing off shore? By using child labor? Wal-Mart IS the "worse" scenario. People blame the consumer for making bad (or self-serving) choices, but the reality is that Wal-Mart (and mega-corporations like it) has taken away our right to choose. When is the last time you bought a pair of shoes or a pair of jeans made in America?
- ieatkoalas, on 10/12/2007, -2/+28Why can't the US have stockpiles of money? Its like the US is actually trying to get deeper into debt while other nations like china with their trillion dollar fund and Norway with their 300 billion stockpile, get wealthier and stronger. Maybe we are too caught up in the middle east to look after ourselves?
- Micherik, on 10/12/2007, -2/+28Proud to be a Norwegian! =D
Norway is a really nice country, but I think more of our money should be used to establish Norway in advanced technology. Off course there are a lot of great Norwegian tech-companies, but we lack an industry that will continue after the fossil fuels are gone.
And, everybody - Move to Lillehammer ;) - pintomp3, on 10/12/2007, -8/+26since the stock holders of public companies only worry about the next quarter. it's no longer enough to turn a profit, you must continually increase profits. there is only so much you can do ethically. look at enron for a good example.
- spacey, on 10/12/2007, -0/+17Dear Norway,
If you're invested in Comcast, pull out now. - DBNKR, on 10/12/2007, -2/+18We made'em on oil. 3rd biggest oil exporter in the world, mind you :-)
Wal-Mart is not the only company excluded from the state retirement fund. They dont invest in bomb-makers, grenades, and stuff. Even much debate about excluding national bomb makers. - thirdoffive, on 10/12/2007, -18/+32Stupid hypocritical Vikings. When they go raping and pillaging all across Europe in the name of Odin that’s just fine. But the second Americans try to prop up Chinese Reds and Arabian autocrats for short term financial gain they’re all like “oh, we can’t invest in that, we want to be able to sleep at night.” Eurotrash.
- dogstar0125, on 10/12/2007, -2/+15Yep, the U.S. has a national debt that's around $60,000 for every man, woman and child. That's a serious burden to carry. You'd think we would have learned after Vietnam that these wars aren't worth fighting, but every generation we find a new one.
- Grimsson, on 10/12/2007, -1/+14I'm Icelander..and I'm proud to see our Norwegian brothers make this....
- NijiDaku, on 10/12/2007, -0/+13Did you read the article? The coast off of Norway is full of oil and gas.
- thirdoffive, on 10/12/2007, -0/+12Yeah I didn’t want to put one of those “/sarc” tags on the end because it’s pretty anti-climactic and really degrades the humor. It looks like you can’t get away with not using one though…
- dogstar0125, on 10/12/2007, -0/+12I'm not sure if anybody here picked up on the sarcasm.
- cyberdork, on 10/12/2007, -1/+13"Why can't the US have stockpiles of money?"
Why? Because each year the US is importing goods worth almost $900billion more than the goods it exports!
https://www.cia.gov/cia/publications/factbook/rankorder/2187rank.html - eManna, on 10/12/2007, -0/+11C'mon you're not serious?? Norway shouldn't attempt to avoid investing in companies that make cluster bombs and mines because there were a few Norwegians that messed up (admittedly really badly) more than 60 years ago?? Kinda funny blaming the whole country for what a few individuals did don't you think?
The Norwegian government might not get it 100% right, but you gotta give them credit for at least trying to do the right thing. - surgeongg, on 10/12/2007, -1/+12Nobody has deemed themselves ethically superior or anything you retard... Is it so bad that a country tries to have at least some business ethics? I love the human race, whenever someone tries to do something good they are suddenly seen as stuck up. You guys (as in ignorant *****) are holding back civilization.
Oh yes, bringing out frontkjemper.com is relevant, this is not a contest about who's more moral as a people.
Norway depend on that oil, we do not however need to invest in wall-mart.... Why are you making this into something it's not?
What is really ironic is that Americans are in general much more nationalistic, patriotic and stuck up than Norwegians. Norwegians are largely apathetic towards international penis measuring contests.
And before you ask, yes, I'm Norwegian. - VeganG, on 10/12/2007, -0/+10@dogstar0125:
"When is the last time you bought a pair of shoes or a pair of jeans made in America?"
The answer for a lot of people is probably "Never." - inactive, on 10/12/2007, -1/+11Facts? Statistics?
What is the true impact of Wal-Mart on U.S. manufacturing jobs? Is there a net gain for U.S. citizens? Global citizens?
My hypothesis is Wal-Mart did a classic bait-and-switch after Sam Walton died. All the "Buy American" & "Made in the USA" signs went away. They forced suppliers to lower prices which lead to one of two scenarios: lower wages for working class Americans or complete loss of American jobs to much cheaper foreign labor.
What are the laws and regulations for the foreign suppliers? Do you think they are aligned with American values?
The paradox of the entire situation is the people Wal-Mart screws the most, the working class, are it's major supporters. They take the "low prices" gimmick hook, line & sinker. I write more but I'm strapped for time....read more interesting stuff here:
http://bullnotbull.com/archive/dow13k-1.html - cptn_cardboard, on 10/12/2007, -1/+11Ufda!
- kungfoolou, on 10/12/2007, -1/+9People will realize that when they stop being American. Here thinking 2 months ahead is long-term-minded, hence why so much corporate policy is based on damage control from a bad decision, instead of figuring out what is the best over solution. And this extends to all problems in corporate-America.
- danarama, on 10/12/2007, -0/+8it's an investment fund not their value
- armandgunerio, on 10/12/2007, -1/+9mystkdragon wrote:
"The folks over 'der seem to forget http://www.frontkjemper.com/ or the ethics behind the legal purge that followed WW2."
like there were no nazis in USA at the same time. You were saying? - blueire, on 10/12/2007, -1/+9Hero points for the week go to.... NORWAY!
- surgeongg, on 10/12/2007, -0/+6Who is passing judgment? Do you think Norway is doing this because they're arrogant?
And without the oil our economy would collapse, without wall-mart we're still fine, we make ethical decisions where we can. And as long as there is a demand there will be a supply, the demand is not primarily from Norway... not really relevant since arguing about which country is better or more moral is pointless and really has nothing to do with the decision Norway has made to blacklist wall-mart but i think you should keep that in mind. - armandgunerio, on 10/12/2007, -1/+7spacey,
speaking as a Norwegian:
the only thing we Norwegians know about ComCast is what we Google - ieatkoalas, on 10/12/2007, -0/+6Why should they not sell the oil they have? Maybe they are conscious of what their oil does and they are just trying to make up for it.
- djstreet, on 10/12/2007, -1/+7Finally someone voting with their feet, or in this case, their money. Now we just gotta get people to stop using banks :P
- surgeongg, on 10/12/2007, -0/+6Arms export in itself isn't unethical, it all depends who they're exporting to.
And trying to dig up dirt about Norway is pointless, this is not a which-is-the-more-moral-nation penis measuring contest... this is simply about Norway making a single ethical business decision in this particular case... - catalysis, on 10/12/2007, -9/+15Yeah, you can see how well investing in Venezuela has turned out for oil companies and banks. Who wouldn't want to put their money there?
- gnomon, on 10/12/2007, -0/+6"With the spike in oil prices, it has become the biggest public fund in Europe. At the rate it is growing, experts say it will be worth $800 billion to $900 billion in a decade. That translates into $180,000 for every man, woman and child in Norway."
The 180k/person figure was based on the projected value of the pension in a decade, champ. - cbmd, on 10/12/2007, -2/+8I agree. I'll probably be moving to Norway (Oslo) in some years (from Sweden) to get a job and to live in your beautiful nature and towns with your beautiful language :)
- surgeongg, on 10/12/2007, -0/+5Norway is not the ones creating the demand. It's not like cutting the supply will do us any good other than setting us back to the middle ages, we first have to reduce the demand.
thus exporting oil is entirely ethical, and even if it wasn't; Norway depend on that oil, we make ethical decisions where we can. - foamweapons, on 10/12/2007, -0/+5Not just Comcast, pull all your money out from ANY AMERICAN MEDIA COMPANY.
Our media mocks European governments, disparages Norway's support for clean-energy, makes fun of non-insurance based health-care, and calls European opinions on American foreign policy irrelevant. Please, don't give anything to those "mainstream media" bastards.... they are destroying America. - surgeongg, on 10/12/2007, -1/+6Thank god you were being sarcastic, i acctually thought of giving a serious response because i know there acctually are people that stupid out there.
subtle and nicely done :) - krisdt, on 10/12/2007, -0/+5Remember that the capital city of Norway (Oslo) is the worlds most expencive city:
http://digg.com/world_news/The_Economist_ranks_the_world_s_most_expensive_cities
I think we need that money ourselves... (So we can "give" them to Sweden when we travel there on "Harry-tur" :P) - surgeongg, on 10/12/2007, -3/+7Don't be, like me you just happened to grow up in Norway, it's not like you've achieved something. Nationalism kills guys and it's irrational.
I agree on the technology thing btw, building infrastructure and research should be a priority. - hazez, on 10/12/2007, -0/+4The possible Joint Strike Fighter deal with Norway (and your comment) clearly shows what the US is all about: Controlling the market. I guess thats a good thing if you´re fascist or a commie.
- matthewmok, on 10/12/2007, -0/+4It's their money. They can do with it what they want.
- smackhero, on 10/12/2007, -0/+4@bishop:
do you have any factual information to cite or are you just talking out of your ass because you're a ***** idiot?
many communities (my city and many others around here and LA included) have been fighting to keep Wal-Mart out for a reason. their practices have become well known and well documented. many states have fined Wal-Mart for their unethical practices that hurt not just local businesses, but Wal-Mart employees, all American tax-payers, exploited laborers in other country, and others who have been directly harmed by Wal-Mart's complete lack of ethics.
luckily, many communities have been successful in preventing more Wal-Marts from opening in their cities. we already have one Wal-Mart, but community protest has prevented 2 other Wal-Mart's from bieng opened in our city.
anyone who would like to be more informed on the subject is encouraged to check out the documentary, Wal-Mart: The High Cost of Low Prices.
http://www.walmartmovie.com/ - VeganG, on 10/12/2007, -0/+4@lixie:
Um, greed? - danarama, on 10/12/2007, -0/+4oil profits arn't in themselves 'bad'. they can easily invest in cleaner techonologies now. there's no question the dependance has to weened not simply cut out of the equation.
- HPSauce, on 10/12/2007, -1/+5lol, and to think americans says the same for chinese companies.
The Scandinavian region is quite possibly the best in the world; quality of living is high throughout the country (not just for the richest of the rich); it's a global leader in technology and comms, is well educated (again throughout... unlike some first world countries) with a massive pool of creative entrepreneurs, and the communities are close knit.
It's as close as utopia on earth as they come, at least for the commoner. - hazez, on 10/12/2007, -1/+5There´s almost 5 million Norwegian Americans, nearly 2% of your (I asume) population. Do you have schools to learn you this stuff?
- surgeongg, on 10/12/2007, -1/+5Norway depends on that oil, they do not however depend on wall-mart, they try to make ethical decisions where they can.
Also, Norway is not the ones creating the demand buddy, how much money has the US or China spent on research to reduce the world's dependence on oil? Didn't think so. It's not like cutting the supply will do us any good, we first have to reduce the demand. - AxeSwinger, on 10/12/2007, -2/+6That made my day. I'm just wondering how much cognitive dissonance you caused.
- krisdt, on 10/12/2007, -1/+5"the oil they produce is destined to pollute the earth and contribute to global warming"
It's not like we're the once using so much oil. We transport things around our country mainly by electrically driven trains, and all the electricity in Norway is produced with renewable energy sources (in the summer at least). But, we use our own oil too. It's just that we don't use it ALL the time for EVERYTHING, like many counties do. - krisdt, on 10/12/2007, -1/+5Remind me again... Did America sign the Kyoto agreement? hmmmmm... Killing whales or ruining earth... what's best?
- blackjack75, on 10/12/2007, -0/+4Well I am neither American nor Norwegian. So I'll give my unbiased statement: On the average quite a bit less full of ***** indeed. From my own personal statistics, for what they're worth. Doesn't mean anything for individuals though.
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