The most prominent manifestation of too much reliance on Just in Time is found in the very industry that invented it: Automakers have been crippled by a shortage of computer chips — vital car components produced mostly in Asia. Without enough chips on hand, auto factories from India to the United States to Brazil have been forced to halt assembly lines.
China Daily, May 10, 2021.
Cheng Enfu is a principal professor at the University of the Chinese Academy of Social Sciences, director of the Research Center for Economic and Social Development at the Chinese Academy of Social Sciences, and president of the World Association for Political Economy. He can be reached at 65344718[at]vip.163.com. Lu Baolin is a professor at the School of Economics, Qufu Normal University.
Neoimperialism is the specific contemporary phase of historical development that features the economic globalization and financialization of monopoly capitalism. The characteristics of neoimperialism can be summed up on the basis of the following five key features. First is the new monopoly of production and circulation. The internationalization of production and circulation, together with the intensified concentration of capital, gives rise to giant multinational monopoly corporations whose wealth is nearly as great as that of whole countries. Second is the new monopol
Despite cruise shutdown, CEOs made millions. Crew members met a different fate.
Even as the companies faced record losses in the billions, company boards rewarded CEOs with multimillion-dollar payouts.
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Carnival Cruise Line s Sunrise and Vista ships, along with the MSC Meraviglia, are docked at the Port of Miami on Feb. 18. [ SUSAN STOCKER / SOUTH FLORIDA SUN SENTINEL | South Florida Sun Sentinel ]
By Taylor Dolven and Rob Wile, Miami Herald (TNS)
Published Apr. 28
Updated Apr. 28
MIAMI â Perhaps no industry was as badly battered by the pandemic in 2020 as the cruise industry, with business in the U.S. â its most lucrative market â banned for 9 1/2 of the yearâs 12 months. To cope, the three largest companies stopped paying employees on their ships, cut marketing expenses and worked furiously to raise as much debt and equity financing as possible.
Despite cruise shutdown, CEOs made millions Crew members met a different fate msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.