Sailing on the high seas with pirates, yachts and brokers galore

first_imgSunday 9 January 2011 10:13 pm WHAT do you do when you’ve done the rounds at a clutch of investment banks and stockbroking firms? Well, write a novel about the thrilling world of super-yachts, pirates and international finance, of course.And that’s exactly how Adam Wilson, non-exec chairman of Atlantic Coal, former managing director of Hichens Harrison and founder of Teather and Greenwood, has been keeping busy recently.The fruits of his labour, a self-published novel called Short Sail, is now listed on The book follows the misadventures of Ronnie Vale, who is just an ordinary woman living it up in the British Virgin Islands, when she decides to take a job on a super-yacht known at “Tough Guy”. But wait – it all goes awry when Vale “finds herself thrown into the dangerous world of Ponzi schemes, hired assassins, and international finance”. Imagine Madoff meets Somalia.Unfortunately, the 168-page book, which promises a “thrill-a-minute”, is currently listed as “limited in availability” on Amazon. Surely John Grisham never has to put up with this kind of thing.A FINE FIGURESomebody please, throw Ed Miliband a bone. Preferably in the form of Sky’s Dermot Murnaghan for shadow chancellor.Current shadow chancellor Alan Johnson was on Murnaghan’s programme yesterday, talking all things deficit. Unfortunately, the MP managed to get himself all a-fluster when it came to national insurance tax rises. Murnaghan was clearly gunning for a hit: “I am interested Mr Johnson, you were when you took the job as you said a bit of an economic novice,” he said casually. “I just wondered if the shadow chancellor knows what the current rate of employers’ national insurance is.”Johnson was quick to declare that the employers’ rate is going up from 20 per cent to 21 per cent.Uh, we’re afraid not, Mr Johnson. Murnaghan had to give him the correct rate – 12.8 per cent – before the shadow Chancellor hastily corrected himself.Still, maybe we should give Johnson a break. After all, he’s not really in charge of much except HM Opposition’s credibility at the moment. He’s not doing it many favours.RISKY BUSINESSA merry conclusion to dispatches of the adventurer Lord Forsyth, as he writes to say that he’s been gorging on fillet steak, mashed potatoes and Chilean wine after his heroic sponsored excursion to the top of Antarctica’s highest mountain, Mount Vinson.Forsyth will be better-known to most City folk as former deputy chairman of JP Morgan and previously a Cabinet member, as well as a director of various firms.But in his latest exploits he’s been hacking his way through walls of ice, pursued by frostbite, in order to raise £366,514 for Marie Curie and street child charity CINI.And the great and good were lining up to give to the cause: “The chancellor has sent me a note enclosing a donation, with comment that he was not sure he should be supporting me in my insane enterprise,” Forsyth noted.“I have replied indicating that I was supporting him with his, and that reward does not come without risk.” Here’s hoping Osborne has similar success. More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the KCS-content whatsapp Sailing on the high seas with pirates, yachts and brokers galore whatsappcenter_img Share Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Tags: NULLlast_img read more

Norway moves to finally end TV advertising loophole

first_img Norway’s government has proposed legislative changes designed to prohibit overseas gambling operators from advertising on television in the country.The government is to table amendments to the Broadcasting Act and allow the Norwegian Media Authority to order Norwegian TV distributors and internet providers to prevent access to illegal marketing.Abid Q. Raja, Minister of Culture and Gender Equality, said the changes are being considered as the ban on marketing illegal gambling has been difficult to enforce because the TV stations broadcasting into Norway operate outside of the country’s jursidiction.The Norwegian Government has long been preparing to up efforts to prevent unlicensed operators from advertising in the market, with discussions underway since 2017. Currently these companies exploit a loophole that allows them to advertise via channels that broadcast into Norway from foreign locations.Lotteri-og stiftelsestilsynet (Lottstift), the gambling regulatory authority, launched a consultation on the issue in April 2018.“For the government, this is a value choice where the interests of people with gambling problems and their relatives must take precedence over financial considerations,” said Raja.Currently Norway only has two state-owned bodies permitted to offer and advertise gambling products in the market. Norsk Tipping can offer draw-based and casino games, while Norsk Rikstoto offers totalisator games. Together these bodies raise money for socially beneficial purposes, including humanitarian work, sports, healthcare, research and cultural initiatives, generating NOK5.5bn in 2018.Last October the regulator reported a 19% year-on-year decline in advertising spending by offshore operators over the previous year. Citing research from the country’s media watchdog Medietilsynet, based on a report from Nielsen Media Research, advertising spend by unlicensed operators over the 12 months to 30 July 2019 amounted to NOK631.0m (£44.5m/€49.8m/$54.8m).According to a report published in August last year claimed that broadcasters could see advertising revenue slashed by as much as NOK500m per year should the TV advertising ban come into force.Norway introduced a ban on payments to unlicensed operators from 1 January 2020. Regions: Europe Nordics Norway 28th February 2020 | By contenteditor Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newslettercenter_img Topics: Marketing & affiliates Sports betting Marketing & affiliates Norway’s government has proposed legislative changes designed to prohibit overseas gambling operators from advertising on television in the country. Norway moves to finally end TV advertising loopholelast_img read more

Crown Resorts Perth to reopen after Western Australia’s three-day lockdown

first_img Regions: Oceania Australia In March, Crown upped activity at its Melbourne location after Coronavirus restrictions were eased by the Victoria state government. Topics: Casino & games Legal & compliance Land-based casino Product & technology Table games Compliance Legal Licensing Regulation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Reports say the lockdown was announced after a man contracted Coronavirus in hotel quarantine and socialised in the community while infectious. The report found evidence to suggest failing to comply with regulatory requirements relating to junket operations, resulting in a AUS$1m fine. Social distancing and hygiene protocols will remain in place. Following the Bergin inquiry and subsequent report into Crown’s New South Wale licence in February, state authorities launched an investigation into Crown Melbourne’s ability to hold a casino licence. A similar review then commenced for its suitability to hold a licence for the Perth location. Casino & games Tags: Crown Resorts Blackstone Crown Melbourne Subscribe to the iGaming newsletter The lockdown began on Tuesday, 27 April and prohibited gaming activity, food services and conventions from happening in casinos. Hotel and ancillary services, like takeaway dining, could continue to run. 30th April 2021 | By Marese O’Hagan Email Address All facilities, including gaming and non-gaming operations, can open from 1 May 2021 under continued restrictions. Pubs and café’s continued to operate as normal during the lockdown, but casinos, gyms and nightclubs had to remain closed. Crown Resorts’ Perth, Western Australia location is set to reopen following a three-day lockdown implemented by the Western Australia government due to the ongoing novel coronavirus (Covid-19) pandemic. Crown Resorts Perth to reopen after Western Australia’s three-day lockdown In March, private equity company Blackstone placed a bid to acquire Crown for AUS$8.02bn (£4.47bn/€5.21bn), but later added a condition allowing it to cancel the deal if a regulator suspended its licence.last_img read more

I&M Bank (Rwanda) Limited ( 2019 Abridged Report

first_imgI&M Bank (Rwanda) Limited ( listed on the Rwanda Stock Exchange under the Banking sector has released it’s 2019 abridged results.For more information about I&M Bank (Rwanda) Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the I&M Bank (Rwanda) Limited ( company page on AfricanFinancials.Document: I&M Bank (Rwanda) Limited (  2019 abridged results.Company ProfileI&M Bank (Rwanda) Limited is a leading financial institution in Rwanda offering products and services for the retail, commercial and corporate banking segment. Personal banking products range from current accounts and short or fixed deposits to personal, vehicle, home and building loans. The corporate division offers financial solutions for sole proprietorships, partnerships and corporations which range from overdrafts, investments and equipment and vehicle loans to purchase and disposal of foreign currency and treasury services. This includes issuing letters of credit and guarantee, export and import trading, insurance premium financing, and e-banking services. I&M Bank (Rwanda) Limited is a subsidiary of I&M Bank Limited and is based in Kigali, Rwanda. I&M Bank (Rwanda) Limited is listed on the Rwanda Stock Exchangelast_img read more

Can top Sevens players earn a decent living from it?

first_imgWednesday Feb 2, 2011 Can top Sevens players earn a decent living from it? Sevens Rugby is now more mainstream than ever, with large TV audiences, massive tournament attendances, and fitter, faster players than ever before. It’s a serious business, but is there money to be made for the players themselves? In October of last year, for the first time, the IRB Sevens World Series took on a major sponsor in the form of HSBC.From now until the 2016 Olympic Games, they will strive to grow the sport at both grassroots and the highest level, reaching new fans while promoting the series.Players are of course contracted by their countries though, so do they make decent money, comparable to normalrugby at least? The answer is both yes and no.As you’d expect, in some of the bigger rugby countries players have contracts that allow them to train and focus on the sport full time. In fact some even have provincial or club contracts too, bringing in dual salaries. Each country differs though, and in some, as you see in the video, playing the game is still simply for the love of it, as rugby was before professionalism.It would be interesting to learn about each country’s set up individually, so if anyone knows any more about it, please feel free to share with everyone in the comments. Time: 05:56 Note: Thanks to Total Rugby for another great featureADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life Reports30+ Everyday Items With A Secret Hidden PurposeNueeyShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey10 Types of Women You Should Never MarryNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel ADVERTISEMENT Trending 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 1 WEEK AGO WATCH: Brutal footage of the fight between Jake Ball and Alun Wyn Jones Great Tries 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO The time Waisale Serevi used his iconic hitch-kick to carve up Scotland in 2000 1 WEEK AGO Veainu finishes superb try after octopus style offload from Waisea 2 WEEKS AGO FULL MATCH REPLAY: Huge stars on show when All Blacks host Pacific Island XV in 2004 2 WEEKS AGO WATCH: Hooker produces ridiculous speed to score 60-metre wonder try for Hurricanes View All Big Hits & Dirty Play 22 HOURS AGO Awesome new Etzebeth montage will have Springboks fans psyched for Summer Lions tour 5 DAYS AGO Melbourne Rebels do their best to wreck Bryn Gatland 5 DAYS AGO Eye-opening compilation shows why Taulupe Faletau could harm Springboks this Summer 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 1 WEEK AGO AWESOME video shows the very biggest and best tackles of the 2020/21 season View All See It To Believe It 3 DAYS AGO Cheetah racer Habana reveals what was actually going through his mind that day 4 DAYS AGO Lam’s explanation of bizarre situation that caused heated touchline argument 5 DAYS AGO François Steyn’s ridiculous 60-metre drop goal which left commentators in hysterics 5 DAYS AGO Re-live O’Driscoll’s EPIC try-saving tackle in 2003 RWC quarter-final 6 DAYS AGO HUGE controversy sees Borthwick call Pat Lam a liar during heated Prem clash View All Funnies 2 WEEKS AGO Joe Marler elated in special interview as fans return to The Stoop 2 WEEKS AGO WATCH: One of the luckiest and most bizarre tries you will EVER see 2 WEEKS AGO WATCH: Reds players caught out in hilarious celebration blooper vs Chiefs 2 WEEKS AGO WATCH: Faz, Piutau and Burns star in hilarious try fail compilation 4 WEEKS AGO MLR: Giltinis howler sees try overruled despite attempts to celebrate View All Amateur 32 WEEKS AGO Viral video of Scottish club brawl goes down a storm with rugby community 69 WEEKS AGO RUGBYDUMP BLITZ: This Best of the Week round up is sure to entertain you 69 WEEKS AGO RD BLITZ – Disaster, just when it looked so promising… 69 WEEKS AGO That glorious moment that will live on forever, like it or not 69 WEEKS AGO RD Blitz – PROP’S Lionel Messi wizardy creates incredible try View All Player Features 15 WEEKS AGO WATCH: Bumping off tacklers and taking high balls, Rob Kearney had an impressive Super Rugby debut 21 WEEKS AGO Brian Moore on money in modern rugby and how it should never be compared to ‘outlier’ football 22 WEEKS AGO Tuisova’s wrecking ball montage will make you grateful you never made it as a pro 28 WEEKS AGO New Zealand rugby pod admit Owen Farrell is world class 29 WEEKS AGO WATCH: Bath prop launches Amazon documentary focused on those from non-traditional backgrounds View All Related Content from the RugbyPass Network ‘What you do today is how you’re going to be remembered’: Spirit of Rugby – Ep 5 In Spirit of Rugby episode 5, Jim Hamilton talks Lions with Matt Dawson, Jeremy Guscott, Rob Kearney, Simon Shaw, Tom Croft and John Bentley. Watch: Reforging the Steelers | Episode 2 | RugbyPass Original Documentary In Episode 2 of Reforging the Steelers, we follow the team through rounds two to four as they try to get their season on track after an opening loss to competition powerhouses Tasman. Shock result: Crusaders left to rue costly errors with win over Rebels not enough for final guarantee In a shock result, the Crusaders have failed to record the requisite winning margin needed over the Rebels to book themselves a spot in the Super Rugby Trans-Tasman final and are now reliant on the Blues dropping the ball against the Force. ‘I deliberately haven’t mentioned it too much this week’: Tim Sampson keeping mum ahead of Blues battle The Western Force aim to play the role of party poopers on Saturday when they take on the ladder-leading Blues at a venue that shall not be named. Highlanders player ratings vs Brumbies | Super Rugby Trans-Tasman The Highlanders have given themselves a decent shout at playing in the Super Rugby Trans-Tasman final. Who were the top dogs in what was effectively a semi-final showdown with the Brumbies? Hurricanes player ratings vs Reds | Super Rugby Trans-Tasman How did the Hurricanes rate in their final game of Super Rugby Trans-Tasman, their 43-14 victory over the Reds? Can top Sevens players earn a decent living from it? | RugbyDump – Rugby News & Videos RugbyDump Home RugbyDump Academy Store About Contact Legal Privacy Policy Cookie Policy Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features RugbyDump Home RugbyDump Academy Store About Contact Sitemap Categories Latest Great Tries Big Hits & Dirty Play See It To Believe It Funnies Training Videos Player Features Legal Privacy Policy Cookie Policy Sign In Username or Email Password Stay logged in Forgot password Thank you for registering Click here to login Register Register now for RugbyDump commenting & enewsletter. * Required fields. Username * Password * Email * Password Repeat * Please send me news, information and special offers from RugbyDump By clicking register you agree to our Privacy Policylast_img read more

The Long Tail: How Endless Choice Is Creating Unlimited Demand

first_img Howard Lake | 22 November 2007 | News  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Long Tail: How Endless Choice Is Creating Unlimited Demandlast_img read more

Brewer creates foundation to support artists, musicians and venues

first_img Howard Lake | 12 February 2019 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis20 Tagged with: alcohol arts Funding Brewer creates foundation to support artists, musicians and venues  162 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis20 In addition to providing grants, the foundation will draw on a network of partner organisations “to provide creative space and opportunities”. These partners will be announced shortly.The Pistonhead Foundation is not a registered charity but does operate and support musicians, artists and venues in the UK.Pistonhead Lager have been crafting specialist brews in Sweden since 2011. The company describes itself as “serious about brewing, but not much else!” The company has since its foundation supported “creativity, individuality, a Rock ‘n’ Roll attitude and good times”.center_img Advertisement Pistonhead Lager has created The Pistonhead Foundation with the aim of supporting emerging musicians, artists, and independent venues across the UK.The foundation will act as “a support network for creatives and venues”. It will help alleviate the everyday costs that new musicians and creatives encounter by providing, for example, free rehearsal and creative spaces to those who need it.It expects help in a variety of ways, such as providing the deposit for a tour bus, replacing stolen instruments for a band, leasing exhibition space, or being the drinks sponsor at an artist’s first show. It has been founded “at a time when pay is stagnating and venues are struggling across the UK”.  161 total views,  1 views today About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.last_img read more

Growing signs of deepening global capitalist crisis

first_imgThe capitalist media have recently been filled with competing headlines — some issuing stark warnings of an impending economic slowdown, others dismissing this prediction outright. But a look past the blaring headlines reveals growing signs that a worldwide contraction of the capitalist economy could soon tip the U.S. and other major economies into recession.This is in spite of the fact that the super-casino for the rich known as the stock market has once again reached record highs. The time since the last major financial collapse is nearing the longest in recent history. These two things, of course, do not reflect the reality of the lives of the vast majority of society — the workers and the oppressed. A survey released June 14 by found that nearly a quarter of U.S. workers reported they were worse off since the 2007 economic crash. Surely, this tells only part of the story of the profound ways in which the lives of many workers across the globe were impacted by the capitalist financial crisis of 2007, which wiped out workers’ savings and pensions, led to a massive wave of foreclosures and layoffs, introduced punishing austerity, invigorated attacks on workers’ ability to organize and fight and gave rise to the gig economy and greater insecurity for wider sections of the working class.The same survey found that the median family income in 2016 was nearly the same as in 2000. The price of a gallon of gas, a carton of milk, a college degree, a visit to the doctor and nearly every other good or service has risen substantially since that time, leading many to take on increasing amounts of debt. Many workers, particularly the most oppressed, live paycheck to paycheck.Signs point to impending downturnThe bankers’ bank — the U.S. Federal Reserve — has pumped trillions upon trillions of dollars into the economy to keep it afloat, from direct handovers to the banks during the bailouts in 2008, to interest rate cuts that make it easier for bankers and other large capitalist corporations to borrow money. The central banks of many of the major capitalist powers across the world have taken similar interventions to prevent their economies from contracting and entering a recession. This is on top of the massive handout to the super-rich via Trump’s tax cuts in 2017.The effectiveness of this strategy to resuscitate the capitalist economy by the cabal of central bankers who exercise a considerable amount of control over the global economy appears to be reaching its conclusion.On June 13, Morgan Stanley reported that its Business Conditions Index, which reflects sentiment about economic conditions, fell by 32 points — a record decline month to month — reaching its lowest level since December 2008.The May report by the Bureau of Labor Statistics showed that the U.S. economy added only 75,000 jobs that month, far below expectations. Unemployment claims in May also spiked. Although the official U.S. employment rate remains below 4 percent, the unemployment rate for Black and Latinx workers, as well as women workers, is nearly double that — by official counts. These official statistics artificially conceal the reality for many U.S. workers, who have to take on two or three low-wage, part-time or “gig” jobs or work in informal sectors of the economy just to make ends meet, or have given up looking for work altogether.The first quarter of the 2019 gross domestic product was officially reported as having grown by 3.2 percent. However, a deeper look reveals that the core metrics of the economy — spending and investment — grew only 1.1 percent. (Forbes, April 30)Several indicators viewed as benchmarks showing the direction that the economy is heading also revealed an impending financial crisis. The Cass Freight Index, which measures the volume of movement of commodities, showed negative growth year over year for the past five months. This echoes similar statistics showing that air freight at many of the global capitalist economies’ most important ports — from London to Singapore, Memphis to Frankfurt — were all flat or in negative territory compared with this time in 2018, some by significant margins. Orders for new aircraft also declined.A topic of much discussion in the capitalist media has been the inverted yield curve on government bonds, or debt. This refers to the fact that interest rates paid on government short-term bonds are now greater than those on longer-term bonds. This has happened before, when there was pessimism about the longer-term prospects for the economy. And it has preceded every U.S. economic crisis. Banks and major corporations are the primary purchasers of U.S. Treasury bonds. The curve inverted briefly in March, and has once again been inverted since late May.Newly released data also show that consumer debt in the U.S. — on things like student loans, credit cards, car loans, etc. — has ballooned to over $14 trillion, surpassing levels that preceded the 2008 financial collapse. Student debt alone has risen to nearly $1.5 trillion, compared to $611 billion in 2008.Manufacturing data in the U.S. have shown a steep decline in recent months. The Empire State Manufacturing Index in June registered its largest one-month decline in its 18-year history. A similar index measured by the Philadelphia Federal Reserve also reflected a steep decline. Meanwhile, as jobs are being cut and production slows in manufacturing, the trucking industry is reporting a pronounced slowdown, and there have also been a series of bankruptcies of shipping companies.We have no crystal ball, but these are just a few of the many signs that point to an impending contraction of the capitalist economy, not just in the U.S., but on a worldwide basis.Role of global developmentsThe aggressive posture of U.S. imperialism in decline, coupled with the fracturing of long-standing imperialist alliances, is contributing to the concerns among ruling circles of an impending economic contraction and revealing divisions among them.In an effort to contain and undermine China, the U.S. has opened an expanding trade war, with tariffs targeting key sectors of the world’s second-largest economy. U.S. imperialism’s desperate attempts to recapture markets and regain an advantage over China are revealing emerging divisions within the ruling class here. They focus on Trump’s imposition of tariffs on Chinese products and his continued threats to raise them even higher. These efforts are causing fear among some sections of the ruling class that a prolonged trade war may end up negatively impacting their capitalist plunder of the world.This is on top of the brutal and racist war Trump is waging on migrant workers, which has been accompanied by the threat of tariffs of up to 25 percent on imports from Mexico. The threat of U.S. war on Iran looms as the U.S. seeks to expand its export of oil and natural gas. Nearly a third of the world’s tanker-carried oil and petroleum passes close to Iran through the Strait of Hormuz. The U.S. Energy Information Center describes the Strait as “the most important chokepoint for the world’s oil industry.”Tendency of rate of profit to fall and capitalist overproductionAn article in the June 11 New York Times pointed out: “Corporate profits may be particularly vulnerable right now. Revenue overall is growing faster than earnings. In the first quarter, sales rose about 5 percent from a year earlier, while profits declined 0.4 percent … [and] that dynamic is expected to persist over the next two quarters … suggest[ing] companies have little ability to increase their bottom lines by expanding profit margins.”One of Karl Marx’s key discoveries about the capitalist system was a contradiction that leads to crises of overproduction and the tendency of the rate of profit to fall.This system is driven by competition among the owners of capital to carve out wider markets for their commodities and expand production. If they do not, they will be gobbled up and taken over by other capitalists who succeed in doing so. This leads the capitalist class to invest more and more capital into the process of production itself, including more efficient machinery for the production of commodities while reducing the amount of labor needed. But profits are derived from the value that workers produce above and beyond what they are paid.At first, the capitalists using the more efficient technology get a competitive edge. But eventually the new technology, requiring fewer workers, becomes the industry standard.Marx called the capital invested in plant and machinery “constant capital.” Its cost is pretty much the same for all capitalists in the same industry and is incorporated into the value of the commodities produced. What the bosses pay out for the human labor consumed in production, however, is called “variable capital” because it varies depending on how much the bosses can squeeze out of the workers by speeding up production and reducing wages. The more the bosses spend on machinery, etc., in order to replace workers, the greater the ratio of constant capital to variable capital. But profits come from variable capital, the exploitation of labor. So spending more on machines and less on labor eventually causes the rate of profit to fall. This is a key contradiction of the capitalist system.While the quote from the New York Times does not in and of itself indicate this phenomenon, it is an interesting revelation when taken as a whole. Based on official historical data compiled through 2017, the rate of profit in the U.S. has declined substantially over the last few decades. After the capitalist economic crisis in 2007-08, as jobs were slashed and the means of production destroyed, the rate of profit recovered somewhat and peaked in 2014. It has been on a relative decline ever since. ( This contradiction leads to the crisis of overproduction — which is where the capitalist system on a worldwide basis is currently heading. The anarchic nature of production under capitalism and the need to expand in order to increase profit leads to the overproduction of commodities — not more than what people need, but more than can be sold — which in turn causes the system to eventually fall into depression. Workers and the oppressed know all too well what this means: mass layoffs, cutbacks, austerity and a wholesale attack on our class, particularly the most oppressed.It can also be a time of explosive and dynamic struggles of the working class as the depravity and inhumanity of the capitalist system are on stark display in these crises. Elevating global solidarity on a class basis, which rejects and confronts the many ways the ruling class attempts to divide workers with racism, sexism, anti-LGBTQ2S+ bigotry and other walls of oppression, will be key.It’s up to communists and revolutionary forces to lay the foundation to raise revolutionary class consciousness and organization to intervene in these crises and help point the way forward for struggle that can resolve the contradictions of the capitalist system by prosecuting the class struggle and socialist revolution.Capitalism at a dead end: Struggle orientation neededThere is widespread speculation that the Federal Reserve will cut interest rates at least once, and perhaps several times, before the end of the year. 2020 is a presidential election year, and Trump will do all he can to prevent an economic crisis before then, which would certainly vanquish his chances of re-election.Trump plans to hold the Republican National Convention in Charlotte, N.C. — the city with the second-largest concentration of finance capital in the U.S., also known as the “Wall Street of the South.”Despite the fact that sections of the ruling class may be forced to reluctantly admonish Trump for his more odious comments and policies, he has brought them lavish profits and most will likely be happy to oblige him to undertake any measures to safeguard his re-election and their profitability.What will Trump do, however, if a contraction occurs before the election? The dangers are very real of war, increased attacks on the most oppressed, including migrants, LGBTQ2S+ people, women and people of color, or other drastic measures to distract from an economic crisis.The capitalist system is on life support, and has relied upon intervention from the central banks to keep it afloat. A new crisis of the system is not a question of if, but when.The impending capitalist crisis threatens to be violent and devastating for workers and oppressed in the U.S. and around the world, who already face a battery of attacks every day.As in every previous crisis, Wall Street will do all it can to place the burden of the crisis onto the backs of workers. The 2020 elections will be (and already are) used to demobilize the struggle. We must be prepared to mobilize on a global basis in our class interests to direct the fury of the workers and the oppressed against the capitalist system itself.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Research Tours Highlight Becknology Days Later this Month

first_img Research Tours Highlight Becknology Days Later this Month SHARE Facebook Twitter Previous articleHoosier Centennial Farms HonoredNext articleThe Big Cheese is Back at the Indiana State Fair Andy Eubank By Andy Eubank – Aug 7, 2013 Home Indiana Agriculture News Research Tours Highlight Becknology Days Later this Month Facebook Twitter SHARE Becknology 13 comingBeck’s Hybrids field shows are underway this month with the Kentucky and southern Illinois shows this week and central Illinois next week. The shows culminate with Becknology Days at the Beck’s home office in Atlanta, IN August 22nd through 24th. Practical Farm Research tours are a big part of what they offer each year.“Practical farm research is more of an agronomic type research,” said Toby Ripberger, the director of PFR. So we’re really looking at the management of the crops and of course Mother Nature controls most of that. But the percentage of that we’re able to control we want to be as efficient as possible in helping our growers be as efficient as possible in doing that management.”He tells HAT farmers like to see the research first hand, and that’s what they get on each tour.“A lot of people talk about research but when we can take them out on the tour buggies and show them the actual fields where we’re doing the research and they can walk up to it and see it firsthand, I think that really drives the message home.”Among the tour offerings are various nitrogen studies which Beck’s offers each year, and a new sidedress study this year “where we’re looking at 30 inch spacing in between the rows and also 60 inch spacing with 28 percent sidedress. We also have our nitrogen timing trials where we’re always looking at those split applications compared to a 100 percent pre-plant or 100 percent sidedress application, and then we also have our nitrogen utilization trials where we’re looking to see how certain genetics use their nitrogen differently.”Split nitrogen applications have shown some very good yield bumps according to Ripberger.“The last couple of years we’ve seen great yields from that. We’ve seen up to an $80 per acre advantage with a split application of nitrogen compared to a 100 percent pre-plant.”Also on the tour are planting dates studies, cover crops, 300 bushel corn yield attempts, and new this year is a closing wheel study.last_img read more

Doctor Des has a cure for the problems at University of…

first_imgLinkedin Limerick on Covid watch list Advertisement Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Dr Des Fitzgerald, President at University of Limerick. Photo: Cian ReinhardtIT wasn’t until he was sitting his Leaving Certificate examinations that Des Fitzgerald started thinking about his career choices.“I applied for the bank and didn’t get the job. I applied for the post office and I didn’t get the job. All the things that people did in those days and I didn’t get them. I applied to an insurance company and I didn’t get that either.Sign up for the weekly Limerick Post newsletter Sign Up “I never thought about going to university and then I got this letter from Dublin Corporation offering me a scholarship to go to university and I looked to see what the longest course was to see how I was going to make as much out of this as I could.“So that’s how I studied medicine,” he explainsSitting in the stunning surrounds of the president’s office at Plassey House, Dr Fitzgerald explains his role, the head of thousands of academics and students who make up the vibrant community of the UL campus.With more than 1,700 staff and students, Dr Fitzgerald says his role governs operations, corporate functions and capital programmes associated with UL.With an annual turnover of €270 million, accountability for the significant level of government funding is paramountHe is also responsible for the “academic programmes within the university and in particular responsible for the strategy of the university.”Reporting back to the Governing Authority, a body of 29 people made up of elected members and public representatives, Dr Fitzgerald says that “part of the role of being president is ensuring proper governance of the institution.”“This job is difficult at the moment, but what I hope for in the next ten years is that we will be pressing forward with a very ambitious agenda that will be rewarding for everybody in the institution.”The 65-year-old Dubliner said that he never turned away from medicine but became increasingly more interested in how and why people were getting sick and felt a responsibility to find out more.Research followed and “that’s how I became interested in universities and it evolved from that question of why”.4,700 students will graduate from UL this year, more than double the number of graduates 15 years ago.“This year we have about 16,400 registered so it is phenomenal growth, but particularly in the last 15 years that growth has been extraordinary.“UL is a community of academics and students and it is what John Henry Newman said about what the idea of a university is, a community and within that community you create and impart knowledge”.“It is quite different from the mission of a commercial company and the importance of the university to the region is quite different. We have to do things in a business-like fashion but our mission is to  educate people and in doing that we contribute to the community. ““About two-thirds of our students stay in the Mid West and that means we are not just educating and training people to go somewhere else. They are staying in the region and contribute to the economy.“We are particularly proud of the feedback we get from the companies on the quality of the graduates .”“Primarily, we have to be a regional university, we would then look to the National Development Plan, but I would be concerned that a lot of the investment would be on the East Coast and not here and I think that is a much closer threat.”“What we need to do when we are thinking about development in the region is to include the university in that because I think that hasn’t happened in the past.“UL is 4km from the city and is somewhat remote. You wouldn’t know when walking around Limerick city that there are 24,000 post graduate students in the region counting LIT and Mary Immaculate College so we are looking at that as an opportunity.“There are huge resources in the city. I lived there for six months before I lived on the campus and I could see opportunities there for the university.“The unique programmes on offer in UL could attract students from outside the Mid West.“Artificial intelligence, aeronautics, robotics and the performing arts are unique programmes that should be national programmes. There is an expectation that when they are established here and funded with public funding that they would become national programmes.Referring to the controversy over the university’s accounting practices and its treatment of whistleblowers, Dr Fitzgerald said he “would like to get to a point where all the challenges we have been dealing with in the last while would be in the rear view mirror and we could look to the ambitious future.“There are lots of interesting things happening here and there are lot of things that have been developed on this campus that are quite unique.“I think there should be more effort put into the way that we engage with students when they are deciding on their third level choices so that they have a better understanding of what they are getting into.Dr Fitzgerald says that UL is trying to get to potential students early and give them as much information.“I would advise them to do what you want to do, follow your heart because if you follow your points, you could well be disappointed but if you follow your heart you will get into something you are interested in college and you will do well.“There are many other things that will happen along the way which will determine what happens, and essentially that is what happened to me. I stepped out in medicine and then I went into doing medicine and research in a laboratory.So from having not even thought of going to university, to now being a president of a university, the journey has been an eventful one.And along that journey, satisfaction has come in many forms for the University of Limerick president, who retains a love of the water through sailing and swimming.“The thing  I most enjoy as an academic is the opportunity to think about something and work out a problem and then solve it rather than taking other people’s solutions.“You see a challenge, you work your way through it and you solve it”. Shannon Airport braced for a devastating blow Twitter TAGSDr Des FitzgeraldeducationInterviewLimerick City and CountyNewsProfileUniversity of Limerick TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! RELATED ARTICLESMORE FROM AUTHORcenter_img WhatsApp Print Email Local backlash over Aer Lingus threat NewsEducationDoctor Des has a cure for the problems at University of LimerickBy Staff Reporter – April 10, 2019 2170 Previous articleNew book looks at the rise and fallout of the Limerick SovietNext articleEigse gives a taster of 2019 festival with special screening in Newcastle West Staff Reporter Facebook Limerick social entrepreneurs honoured for their work in response to covid-19 last_img read more