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Posted in Main Blog (All Posts) on September 14th, 2011 4:35 am by HL
Wal-Mart pledges billions to aid women businesses
Wal-Mart is slated to announce Wednesday that it will spend billions of dollars over the next five years to train female workers around the world and support women-owned businesses, the latest attempt by the world’s largest retailer to tackle broad social issues and shore up its image.
The commitment includes $100 million in grants to nonprofit groups focused on developing job skills for low-income women in the United States and for women who work in the overseas farms and factories that Wal-Mart relies on for its merchandise. It also said it will spend $20 billion over the next five years to buy goods from the nation’s women-owned businesses, double its current amount.
Martin Fitcher, head of HTC’s U.S. operations, said Monday that he thinks the iPhone is losing its cachet among the younger generation. At least, that’s what he hears from his daughter’s classmates at Reed College in Portland, Ore.
“I talked to a few of the kids on her floor,” Fitcher told a crowd at the Mobile Future Forward conference in downtown Seattle, GeekWire reported. “And none of them has an iPhone because they told me: ‘My dad has an iPhone.’ There’s an interesting thing that’s going on in the market. The iPhone becomes a little less cool than it was.” He went on to say that while other Apple products like the MacBook Air were popular on campus, student phones tended to be made by Samsung, HTC or other manufacturers.
Senate panel would freeze fiscal 2012 defense spending
The Senate Appropriations defense subcommittee voted Tuesday to freeze basic Pentagon spending next year to the 2011 level of $513 billion, cutting about $26 billion from President Obama’s original request for fiscal 2012.
With an additional $117.8 billion to fund the wars in Afghanistan and Iraq, the panel voted on a total of $630.8 billion — $18 billion below the amount the House passed in July.