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UPDATE 2-GE Capital launches $5.5 bln FDIC-backed debt sale-IFR
to the market, and prior to this they didn't have access,' said Spencer Lee, head of the trading desk at SCM Advisors in San Francisco. Investors for their part are attracted by the government guarantee. 'Many folks think that it could in fact be a
BRIEF-Servidyne declares quarterly dividend
Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other
BRIEF-Clearwater Paper adopts stockholders rights plan
Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other
BRIEF-VMS names CFO
Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other
BRIEF-National Fuel declares quarterly dividend
Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other
BRIEF-Chubb approves new share repurchase program
Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other
Mexico consumer confidence rises in November
Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other
BRIEF-World Financial declares quarterly distribution
to be relied upon in making (or refraining from making) any specific investment or other decisions. Interactive Investor Trading Limited and its Data Providers do not warrant the accuracy, timeliness or suitability of any information provided above. Such
New York Times Homepage Link-Outs: Right Direction, Wrong Tool
Search jobs by category, get job alerts by email or live feed, apply online Employers: See all recruitment options, get applications online or by email
WRAPUP 2-U.S. layoffs spread, CEOs see more pain ahead
Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other
Follwing a pattern, stocks stumble at finish line
strong on the heels of Wall Street's gains on Tuesday and Wednesday, but fell lower in afternoon trading in Europe. Major markets in Europe ended the day flat. European banks announced a wave of layoffs, a sign they are paring back to focus on core
US STOCKS SNAPSHOT-Market falls further on energy, autos
Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other
Bleak 2009 Outlook for US Traditional Media
Search jobs by category, get job alerts by email or live feed, apply online Employers: See all recruitment options, get applications online or by email
BRIEF-Ista Pharma says meets goals in once-daily topical Xibrom trial
to be relied upon in making (or refraining from making) any specific investment or other decisions. Interactive Investor Trading Limited and its Data Providers do not warrant the accuracy, timeliness or suitability of any information provided above. Such
BRIEF-Thoratec announces interim data for Heartmate trial
to be relied upon in making (or refraining from making) any specific investment or other decisions. Interactive Investor Trading Limited and its Data Providers do not warrant the accuracy, timeliness or suitability of any information provided above. Such
UPDATE 3-Starbucks to miss 1st quarter view, cut more costs
in the day, pared their gains after the outlook was announced. They were up 1 percent in afternoon trading. 'We do not expect to meet current consensus estimates for this quarter,' said Starbucks Chief Financial Officer Troy Alstead. In the first nine
Economic blues push crude below $44
delivery fell $3.12, or nearly 7 percent, to $43.67 a barrel at the close of floor trading on the New York Mercantile Exchange. Futures touched $43.51, the lowest since Jan. 6, 2005. Oil prices have tumbled 70 percent since reaching a record $147.27 on
WRAPUP 3-US automakers face skeptical Congress on cash plea
step in under certain circumstances. Shares of GM were down 16 percent to $4.10 in late afternoon trading, while Ford was off 7 percent at $2.64, both on the New York Stock Exchange. (Reporting by John Crawley, Karey Wutkowski and Rachelle Younglai in
Stocks turn negative as investors brace for jobs data
A period of relative calm on Wall Street ended today as stocks tumbled in the final hour of trading on growing investor anxiety about the governments November employment report. The major indexes each fell more than 2.5 percent, including the Dow Jones
Rail Relocation group launches campaign ahead of '09 lege session
During the upcoming 2009 Texas legislative session, the coalition plans to recommend various options for funding that would enable relocation and improvement of freight rail lines around the state. The funding would create a revenue stream that could
BRIEF-Primedia announces share repurchase program
to be relied upon in making (or refraining from making) any specific investment or other decisions. Interactive Investor Trading Limited and its Data Providers do not warrant the accuracy, timeliness or suitability of any information provided above. Such
Chubb says inks new share repurchase plan
statement. Shares were down 2 percent at $47.59 on the New York Stock Exchange in late afternoon trading. (Reporting by Lilla Zuill) Keywords: CHUBB/BUYBACK COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or
NFL Preview - Dallas (8-4) At Pittsburgh (9-3)
as a flex pick. Ward is the best play among the Pittsburgh receivers, with Holmes and Miller decent options at their respective spots. Roethlisberger hasn't been a No. 1 fantasy quarterback this season, however, and should be used only if the
BRIEF-Fidelity Bancorp receives preliminary approval under TARP
to be relied upon in making (or refraining from making) any specific investment or other decisions. Interactive Investor Trading Limited and its Data Providers do not warrant the accuracy, timeliness or suitability of any information provided above. Such
Automakers vow change, plead for aid in Congress
of the Detroit manufacturers. Shares of GM were down 2.9 percent to $4.76 in Thursday morning trading, while Ford was 2.8 percent higher to $2.93, both on the New York Stock Exchange. Rapeseed crop in 2009 to jump on prices, say traders FE - 02
NFL Preview - Atlanta (8-4) At New Orleans (6-6)
hearts of enemy defenses, as Brees (3870 passing yards, 24 TD, 14 INT) has a wealth of talented options at his disposal and a line that excels in keeping him upright. The exceptionally-accurate triggerman has been nearly unstoppable at the Superdome this
Rejecting raise is symbolic, but useful
hope to continue building. Even if it?s mostly symbolism ? the auto executives are also paid in stock options that usually exceed their salaries ? the example is worth emulating. So far, we only have a pledge from the legislative leadership that
Chargers Look To Stop Slide Vs. Raiders
productive day of the year against the Raiders on Thursday night. Rivers and Gates also remain first-rate fantasy options, and against Oakland's sketchy attack, the San Diego defense is a worthwhile play. The Bolts' Nate Kaeding is the only kicker you
BRIEF-Monarch Financial gets preliminary approval under TARP
to be relied upon in making (or refraining from making) any specific investment or other decisions. Interactive Investor Trading Limited and its Data Providers do not warrant the accuracy, timeliness or suitability of any information provided above. Such
Wide Write: Rookie Ryan a No-Brainer
owner about Mike Shanahans unpredictability with running backs, but its not like there are a ton of other options since every available back in the Mountain time zone is injured. Hillis had his best game yet against the Jets last week, notching 129 yards
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Fair Trade Fundamentals
 | 11a2You’re buying coffee. One label says this roasted mountain-fresh Colombian coffee is ideal for all coffee makers. But is it ideal for the coffee bean’s maker, the farmer? Your choice is empowering. When you choose fair trade, you get more than coffee; you get the opportunity to enrich someone’s life. What Is Fair Trade? Fair trade is an international alternative system designed to empower disadvantaged farmers, artisans, and labourers. The movement began 50 years ago when international aid organizations worked to help farmers and labourers in Africa break free from oppressive practices. These inequitable practices still exist today. Farmers and artisans in developing countries rely on intermediaries for market information and trade. These middlemen usually pay less than market price and keep the producers trapped in a cycle of poverty. Small-scale farmers can’t afford to produce the crop. They can’t afford the overhead or their financing’s interest rates. They abandon their farms, or, in the case of some cocoa producers, they “employ” unpaid workers, often children. Through fair trade, farmers and artisans deal directly with members of fair trade organizations, bypassing the middleman and receiving a fair and sustainable wage for their work. According to the Fair Trade Federation, the goal of a member organization is “to benefit the artisans they work
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with, not maximize profits. By reducing the number of middlemen and minimizing overhead costs, FTOs (fair trade organizations) return up to 40 percent of the retail price of an item to the producer.” Producers receive a fair wage for their product, children are not exploited, and long-term relationships are encouraged to provide continuity in trading. Fair trade considers the enduring well-being of the person behind the product.
Who Decides What’s Fair?
In Canada, the Fair Trade Certified logo is managed by TransFair Canada, a nonprofit organization that belongs to the international Fairtrade Labeling Organization (FLO). Use of the logo comes with very strict rules and terms, to which all members are bound by contract.
The Canadian Fair Trade Certified logo is applied to product-specific items only, meaning that the product, not the company, is certified as fair trade. On the other hand, the Fair Trade Federation logo identifies the company as a certified member. Two of the largest members in the US are Ten Thousand Villages and SERRV International.
The Fair Trade Federation and FLO monitor their producers and members. They ensure that the playing field of trade is level and fair. For the consumer, these logos assure that the goods are produced in environmentally responsible conditions and that the cultures and communities of the worker are respected and sustained.
Is It Working?
Yes. According to the Fair Trade Federation, sales for Ten Thousand Villages in the US and Canada between 1985 and 1998 increased by nearly $15 million, creating over 12,000 full-time jobs for artisans and farmers.
As more consumers use their purchasing power for social justice, large corporations consider the fair trade alternative. Currently, there are 117 Canadian fair trade licensees, and 44 source countries are registered with the FLO. Today’s fair trade products include crafts, coffee, tea, chocolate, soaps, cosmetics, sugar, and fruit. Coming soon are wines, nuts, oils, and more.
A consumer in Canada buys fair trade and a child in Colombia goes to school.
That’s a strong cup of coffee.
Catherine Jones has focused her writing and editing career on health and safety. She is a regular contributor to alive magazine. Visit http://alive.com for related articles.
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