The Toronto City council is trying to ban the sale and use of shark fins. With a large Chinese population, it is facing some tough opposition. Culture is often cited for keeping the fin, but we are in capitalism and money triumphs over all. The price of a bowl of shark fin soup at top Hong Kong restaurants will set you back $200. Shark fins sell for $1 600 per kilogram on the specialty markets. Do you think that if they sold for $10 per kilo there would be the outcry against banning the practice?
Speaking of sharks (the human kind), Sergio Marchionne, Chrysler CEO has weighed in with a call for cutting costs of auto manufacture. The union gave up the right to strike as part of Chrysler's bankruptcy restructuring in 2009 so he expects an easy time with the contracts. He wants worker compensation to reflect how well (or not) the company is doing. He also came out with this gem, "As a producer, you cannot be small and cute and compete. You're going to get killed." There goes the myth of the small entrepreneur being the driving force of the economy. Welcome to capitalism. He wants to end the present two-tier wage system, saying it makes for an unhappy work force. He would like everybody to be on the lower rate, of course! John Ayers
Speaking of sharks (the human kind), Sergio Marchionne, Chrysler CEO has weighed in with a call for cutting costs of auto manufacture. The union gave up the right to strike as part of Chrysler's bankruptcy restructuring in 2009 so he expects an easy time with the contracts. He wants worker compensation to reflect how well (or not) the company is doing. He also came out with this gem, "As a producer, you cannot be small and cute and compete. You're going to get killed." There goes the myth of the small entrepreneur being the driving force of the economy. Welcome to capitalism. He wants to end the present two-tier wage system, saying it makes for an unhappy work force. He would like everybody to be on the lower rate, of course! John Ayers
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