EU unveils new drive to control financial speculators

first_img alison.lock Show Comments ▼ whatsapp THE European Commission has released new plans to clamp down on financial speculation, proposing tighter controls on everything from betting on the price of commodities to high-frequency trading.In a review of its Markets in Financial Instruments Directive (MiFID) legislation, EU officials want to curb speculation in areas such as government bond trading or commodities such as grain.CityA.M. broke the news of the plans to launch this consultation on reforming MiFID earlier this week, after obtaining a copy of the consultation document.City experts are concerned that the changes proposed will give European regulators unprecedented powers to control commodity markets, while investment banks face increased surveillance of their internal share and derivative trading platforms.Michel Barnier, the commissioner in charge of EU financial reform, wants to beef up the powers of regulators to intervene when speculative positions in specific financial markets send grain prices spiralling, for example.He will also tackle high-frequency trading, the millisecond buying and selling by computers of stocks and bonds that is suspected of triggering the flash crash in July, when US stock markets plunged only to recover within minutes.As part of Wednesday’s proposals, the Commission, the EU’s executive, also launched a push to raise penalties across the region for financial crimes such as insider trading, and to force national regulators to name and shame offenders.“This reform has been overdue because the markets broke down in the same way as banks did,” said Sony Kapoor, a financial expert with London think tank Re-define. “So far the whole effort has focused on banks.”The Commission is leading a shake-up of financial services across the 27-country EU after what began as a freeze in bank lending led to recession, widening budget deficits and ultimately sucked whole countries into a debt crisis.In the proposals officially launched today, which outline the shape of future European law, officials write of their desire to tackle “potential new risks that increased use of automated and high-frequency trading could pose to EU markets”.The rule change will also demand more information for regulators about trading prices in so-called “dark pools”, where the price of a deal is published only after it has happened. EU unveils new drive to control financial speculators Wednesday 8 December 2010 7:32 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp Share Tags: NULLlast_img read more

Kenya Commercial Bank Limited ( Q32019 Presentation

first_imgKenya Commercial Bank Limited ( listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2019 presentation results for the third quarter.For more information about Kenya Commercial Bank Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited ( company page on AfricanFinancials.Document: Kenya Commercial Bank Limited (  2019 presentation results for the third quarter.Company ProfileKenya Commercial Bank Limited is a leading financial institution in Tanzania offering retail and corporate banking services as well as mortgages, treasury and Bancassurance services. Kenya Commercial Bank offers financial solutions ranging from current accounts, overdrafts and loans to fixed and short-term deposits, mortgage finance, trade finance and forex, and business investment accounts. The banking institution participates in investments in Treasury Bills and Bonds with the central banks. Wholly-owned subsidiaries in the banking group include Kenya Commercial Finance Company Limited, Savings & Loan Kenya Limited, Kenya Commercial Bank Nominees Limited, Kencom House Limited, KCB Tanzania Limited, KCB Sudan Limited, KCB Rwanda SA and KCB Uganda Limited. Kenya Commercial Bank Limited is listed on the Dar es Salaam Stock Exchange.last_img read more

Church of England synod postpones final decision on women bishops

first_img Tags by Ed Thornton and Gavin Drake and Madeleine DaviesPosted Jul 9, 2012 TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Albany, NY Church of England synod postpones final decision on women bishops Tereska Lynam says: Rector/Priest in Charge (PT) Lisbon, ME David Justin Lynch, Esquire says: Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector and Chaplain Eugene, OR Anglican Communion, Featured Jobs & Calls Comments (3) An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Featured Events Edna Humphrey says: Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET July 9, 2012 at 10:15 am This is ridiculous. The Episcopal Church has had female bishops for a long time, many of whom have served with distinction. I don’t see what the problem is. Get on with it and get it done! Priest-in-Charge Lebanon, OH Priest Associate or Director of Adult Ministries Greenville, SC In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Director of Administration & Finance Atlanta, GA Rector (FT or PT) Indian River, MI Submit a Press Release Curate (Associate & Priest-in-Charge) Traverse City, MI July 10, 2012 at 5:54 am I am so offended by the CofE’s backtrack on this subject that I am seriously considering leaving the CofE completely in favour of the Unitarian Church, which does not waste parishioners’ time and spiritual energy with petty politics, but rather concentrates on ministry (allegedly the purpose of the Church). The only reason that I have continued with CofE is that Jane Hedges, Canon in Residence of Westminster Abbey, is the priest who brought me back into the Church after a very long absence. Jane Hedges is a true leader and the CofE would be very lucky to have her as a Bishop.The CofE has been on the wrong side of too many debates which involve peace, harmony, and equality. The Church would do well to remember that Jesus loves EVERYONE, regardless of gender, race, health, and religion. This ridiculous decision to preserve an outdated ‘tradition’ which serves no one — save possibly the egos of a few warped and insecure men — is a massive step backward. SHAME ON YOU!!!Tereska LynamSt Stephen’s House (Yes, St Stephen’s House!!!)Oxford The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Associate Priest for Pastoral Care New York, NY Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Submit an Event Listing Women’s Ministry Rector Pittsburgh, PA Rector Smithfield, NC Family Ministry Coordinator Baton Rouge, LA Assistant/Associate Priest Scottsdale, AZ Rector Bath, NC Submit a Job Listing Rector Collierville, TN The Church of England’s General Synod meeting in York. Photo/Sam Atkins[Church Times] The General Synod has voted to send the draft women-bishops Measure back to the House of Bishops, and not to vote on final approval until November.An adjournment motion, moved by the Bishop of Dover, the Rt Revd Trevor Willmott, was carried by a two-thirds majority, after about two and a half hours of debate. 288 voted in favour, 144 voted against, 15 abstained.Bishop Willmott’s adjournment motion stated: “That the debate be now adjourned to enable the new clause 5(1)(c) inserted by the House of Bishops into the draft Measure entitled “Bishops and Priests (Consecration and Ordination of Women) Measure” to be reconsidered by the House of Bishops.”(Further coverage of General Synod from the Church Times is available here. A press release from the Church of England that includes details about the draft measure is available here.)Shortly after the vote, the Archbishop of York told the Synod that the House of Bishops will meet on 12 and 13 September to review the amendment. The Synod will meet in November to vote on final approval.Moving the final-approval motion, before the adjournment motion was moved, the Bishop of Manchester, the Rt Revd Nigel McCulloch, said that the difficulties with the legislation “centre on a dilemma which is easy to state but far harder to resolve.“On the one hand, there is a clear majority view across the Church of England that the ministry of women priests has greatly enriched our life over the past two decades and that all orders of ministry should now be open to women and men equally, without clarification or equivocation.At the same time, there remains a strong desire to be faithful to our heritage as a broad Church open to all who assent to our historic formularies.”Moving the adjournment motion, Bishop Willmott told Synod members that the steering committee had advised the House of Bishops not to amend the legislation, but insisted that the proposal to adjourn the debate was not made “from any sense of pique or frustration.“It is no part of our desire to set our own judgement over against that of the House of Bishops or to call into question the right of the House of Bishops to take the decision that they did.But the plain fact is that the amendment has caused widespread dismay among many of those who have supported the Measure up till now, including a large number of the Church’s senior female clergy. Many who have previously voted for the Measure have now said that they could no longer vote for it in its present form.”He acknowledged that the Bishops would need to “weigh very carefully” the impact that removing or amending the new clause would have on those “for whom it was a welcome acknowledgment of their own position” and suggested that a revised illustrative Code of Practice should be published alongside revised draft legislation.In a ten-minute contribution to the debate on the adjournment motion, the Archbishop of Canterbury sought to explain “what was in the minds of the House of Bishops” when it voted for the “controversial” 5(1)(c) amendment. This action came, he said from the “very deep desire” of the “overwhelming majority” that the Measure should be carried “confidently”.Dr Williams said that the bishops had diagnosed “unfinished business”. They were not convinced that it would be carried. This was not because they had been “got at”, but because of their reading of their own diocesan situations and the views of their diocesan representatives at Synod.There was a danger that the Measure could be seen as accommodating “sheer prejudice” or “unthinking conservatism”, which would be “offensive to women at least as profoundly as what has been suggested as an amendment”.Bishops had “underrated” the sense of hurt and offence caused by the amendments, and would need to “examine themselves” and “feel appropriate penitence that they did not recognise that”.Dr Williams warned, however, that an adjournment was “not a panacea” and should not be seen as “squaring off to the House of Bishops”, but was an opportunity, and, “although it might sound a bit over-optimistic”, perhaps an adjournment “might be good for us”. It was an “opportunity to do something better”.He didn’t feel, himself, “convinced that we were wrong in the wording we selected”; but that was “a conviction that needs to be tested and discussed”.The Second Church Estates Commissioner, Sir Tony Baldry, gave Synod a warning. He said that there was “no way that I am going to be able to explain to the [House of] Commons that when this Church had voted by 42 dioceses to two, that it was not possible for the Synod to manage to develop a Measure which commands the support of the whole Synod; and in particular commands the support of those who campaign for such a Measure.”He said that Parliamentarians were familiar with the concept of “ping-pong” when the Commons and Lords could not agree, and suggested that during an adjournment “the usual channels” should “use the space and time to resolve the outstanding differences”. Cathedral Dean Boise, ID Rector Tampa, FL Youth Minister Lorton, VA Associate Rector Columbus, GA Rector Martinsville, VA Bishop Diocesan Springfield, IL Canon for Family Ministry Jackson, MS Director of Music Morristown, NJ Assistant/Associate Rector Washington, DC Missioner for Disaster Resilience Sacramento, CA Associate Rector for Family Ministries Anchorage, AK AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Course Director Jerusalem, Israel An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York New Berrigan Book With Episcopal Roots Cascade Books This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 July 9, 2012 at 1:23 pm I don’t get it. It’s OK for the CofE to be led by a woman, for that woman to select the archbishop of Canterbury, but not OK for women to be Bishops? What balderdash! Comments are closed. Rector Shreveport, LA Rector Washington, DC Curate Diocese of Nebraska Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Hopkinsville, KY The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Press Release Service Assistant/Associate Rector Morristown, NJ Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Knoxville, TN Rector Belleville, IL last_img read more

Bento Noronha Residence / Metro Arquitetos

first_img Collaborators:Marina Ioshii, Luis Tavares, Bruno Kim, Isadora Marchi, Rafael de SousaContractor:Marcondes Ferraz EngenhariaLandscaping:Ricardo VianaPhotography Assistant:Gianfranco VacaniSite Area:676.5 m2Constructed Area:438 m2Date Of Project:2012Date Of Completion:2015City:São PauloCountry:BrazilMore SpecsLess SpecsSave this picture!© Ilana BesslerText description provided by the architects. This project for a house consists of four volumes of different heights, executed in exposed concrete and linked by a series of glazed circulation pathways. Save this picture!© Ilana BesslerSave this picture!Section1Save this picture!© Ilana BesslerThe organization of these volumes over the site forms a series of distinct terraces and gardens, which reinforces the connection between the exterior and the interior of the residence.Save this picture!© Ilana BesslerThe house is located in Jardim Paulistano – a predominately residential neighborhood that is both accessible and well served by local amenities. The program of house is organized as follows: a ground floor with common areas, gardens and terraces; a first floor with four bedrooms; a second floor with guest room, terrace and office; The garage is in the basement and accessed by a ramp.Save this picture!© Ilana BesslerProject gallerySee allShow lessU.S. Bank Stadium: A Game-Changing, Multi-Purpose NFL StadiumArchitecture NewsAD Classics: Jyväskylä University Building / Alvar AaltoArchitecture Classics Share “COPY” Area:  438 m² Year Completion year of this architecture project “COPY” Manufacturers: Brasil Imperial, Concrestil, Deca, Lumisystem, Marquesmad Marcenaria, Top Seal Save this picture!© Ilana Bessler+ 28 Share Manufacturers Brands with products used in this architecture project Gustavo Cedroni e Martin Corullon ArchDaily ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Architectural Design: Bento Noronha Residence / Metro ArquitetosSave this projectSaveBento Noronha Residence / Metro Arquitetoscenter_img Year:  2015 Projects Brazil CopyHouses•São Paulo, Brazil CopyAbout this officeMetro ArquitetosOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSao PauloBrazilPublished on March 28, 2016Cite: “Bento Noronha Residence / Metro Arquitetos” [Residência Bento Noronha / Metro Arquitetos] 28 Mar 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogMetal PanelsAurubisCopper Alloy: Nordic BrassGlassMitrexSolar GreenhouseLouvers / ShuttersTechnowoodSunshade SystemsFaucetsDornbrachtKitchen Fittings – EnoWoodSculptformTimber Tongue and Groove CladdingMembranesEffisusFaçade Fire Weatherproofing Solutions in Design District Project LondonHanging LampsLouis PoulsenPendant Lights – KeglenBlinds / Mosquito Nets / CurtainsBANDALUXPleated ShadesEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAWoodBlumer LehmannCNC Production for Wood ProjectsMaterials / Construction SystemsCaneplex DesignPoles – Tonkin BambooFibre Cement / ConcreteTegralFibre Cement Slate Roofing – Thrutone Endurance SmoothMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Houses Bento Noronha Residence / Metro Arquitetos ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Architects: Metro Arquitetos Associados Area Area of this architecture projectlast_img read more

New blog ‘The Funderer’ debuts on UK Fundraising

first_img Tagged with: Giving/Philanthropy 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. Our latest blog is designed to lighten the atmosphere around UK Fundraising, bringing you amusing, quirky, scurrilous (sometimes), and other musings. We’ll even let you respond to the posts, although don’t expect us to reveal the identity of The Funderer. Oh no.So explore the first musings of The Funderer, grab the RSS feed (if that’s the kind of thing you do), and enjoy our latest blog. The sector’s other trade press titles might have closed their humorous columns and back pages, but that won’t stop UK Fundraising adding its own. Welcome to The Funderer, our latest blog.While it is farewell to Raiser at Professional Fundraising magazine and to Neil Start at Third Sector’s Goldfish Action Group, we bid a nervous hello to The Funderer.Yes, we took ages coming up with that title. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Howard Lake | 16 October 2006 | News New blog ‘The Funderer’ debuts on UK Fundraising  23 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Capitalism/The cause of COVID-19 deaths

first_imgChina set up a system for checking the people entering residential buildings for COVID-19 symptoms. Here a security guard checks temperatures on Feb. 26 in Beijing.June 23 — Does the COVID-19 virus operate differently in capitalist countries than in socialist countries? Based on a comparison of global numbers of fatalities, COVID-19 seems to appear in a more virulent form in capitalist countries. But  is this even possible?The impact of COVID-19 in capitalist countries is more than 20 to 50 times worse than in socialist countries or in countries with high levels of social mobilization. The longer and wider this virus spreads, the clearer this political difference becomes.By every possible measure of COVID and of deaths due to a host of many other neglected sicknesses, it is clear that the capitalist profit system itself is the greatest danger to people’s health and well-being.Just a comparison of the number of fatalities confirms how criminally responsible that chaotic economic system is for the deaths of  millions of people globally.According to the highly reputable Johns Hopkins University Coronavirus Resource Center, which maintains a global daily database, as of June 23 the U.S. has the highest number of COVID-19 deaths in the world — 121,176 fatalities. By the most cautious estimate, U.S. fatalities will continue at a rate of more than 5,000 deaths a week, every week for months, into the future. ( the same source for the same date, China by comparison has had fewer than 5,000 total fatalities (4,634 deaths).More significant is that China has been able to halt the spread of the virus within the country.  A “second wave” outbreak on June 11 in the capital, Beijing, with a population of 21 million,  led to an immediate, well-organized quarantine, a new round of mass testing and tracing of social contacts. ( this outbreak, Beijing had not recorded a case of domestic transmission in almost two months. Pei Hao, a Beijing-based global health researcher, explained China’s approach: “People need to cooperate in order for any response measure to ultimately be successful.”  ( Between June 1 and June 10, China retested the entire 11 million population of Wuhan. Each district in the vast city completed its full testing cycle within that period. In China tests are performed numerous times to confirm the virus is being actively contained.In the U.S., after months of inaccessible and unreliable tests, the number of tests administered are finally increasing to 300,000 a day. At this rate it would take 3 years to test the U.S. population even once. But President Trump announced on June 20 that he is encouraging a slow down in COVID testing.For two harrowing months, the devastating center of the COVID virus outbreak has been the New York City and northern New Jersey area. But as the virus recedes there, it is escalating sharply in the South and West of the U.S., reaching its current highest levels in Florida, South Carolina, Oklahoma and Arizona.There is no expectation that the spread of the virus will be halted within the U.S. Cautious estimates now accept a death toll of 200,000 people by Oct. 1. Projected spikes based on re-opening businesses and the relaxation of social distancing protocols may further escalate these fatalities.  More ominous is that even higher wave of deaths is projected into the winter months. ( measurable death rate of 5,000 fatalities in China compared to over 120,000 fatalities in the U.S., as of the third week in June, is so staggering that it is essential to examine the reason for the dramatically different outcomes. China, a still developing country with a population of 1.3 billion, has demonstrated to the world that the COVID virus can be controlled and contained with a scientific approach and with a coordinated social mobilization of the population. China is now rushing vast supplies of essential medicines, personal protective equipment and training programs to other developing countries by air, rail and ship.Cuba, a small, blockaded country of 11.3 million, has also confirmed that, despite sanctions and blockade. the entire population can be protected and maintain good health. Besides protecting their own population, Cuban medical teams have traveled with essential supplies to set up more aid projects for COVID-19 around the world than has the World Health Organization.Vietnam, with a population of more than 95 million, has had zero reported COVID-19 deaths and only 240 positive cases. Their tactics also involve active tracing measures; clear nationally enforced quarantines with guaranteed food, supplies and essential services; along with mobilization of medical students and retired doctors and nurses to push back the spread of the deadly virus. (For more, see ( It’s the systemEvery field of science needs to cooperate and study this deadly virus to find treatments, a vaccine and a cure.  But also needed is the study of the social and economic system that makes a virus so wildly uncontrollable in capitalist countries.Why was the U.S., even with months of advanced notice and detailed information about this new virus, unable to control the spiraling outbreaks across the country? Why weren’t social precautions and medical preparations immediately made? Why were other capitalist countries also unable to protect their populations?Is it negligence? Or is it a systemic problem?In the United States, supposedly the most technologically developed and wealthiest country in the world, the whole population faces total dysfunction of the government’s social programs that could have controlled the virus. This is true at every level — from testing to quarantines, to providing PPE for essential workers or essential funding for millions of unemployed workers on the brink of evictions and literal starvation. Now food lines have begun to stretch for blocks, sometimes miles. Hospitals in some places are so overwhelmed that the sick are turned away in droves. Democratic Party politicians have focused strictly on Trump’s criminal negligence.  But in New York, New Jersey, California, Michigan and Washington State,  Democratic Party officials have faced the same uncoordinated medicine-for-profit system at the state and local level.There has been no coordination in testing, counting or in reporting infection rates or fatalities. National for-profit diagnostic labs compete with each other.  Every local testing facility sets its own rates and procedures. Reports are not coordinated at the state or at the national level. States and cities even use different counts.As the COVID pandemic spirals out of control, the other comorbidities of capitalism arise. The highest toll of sickness and fatalities is every area of the country in nationally oppressed communities of color.  Hunger in children is soaring. With classrooms closed for months because of the pandemic, millions of children are going hungry. More than 20 percent of children are not getting enough to eat. Half of U.S. school children qualify for subsidized meals. Even the limited aid mandated by Congress has reached only 4.4 million of the 30 million hungry children who qualify. ( Almost all nonessential medical services have been curtailed. Cancer screenings, sexual health services, drug and stop smoking programs, diabetes, tuberculosis and HIV monitoring, mental health support, dentistry, vaccinations and routine checkups are all on hold.Thousands of medical workers in all these fields face extreme pay cuts and layoffs. Since all hospitals, including public hospitals, operate in a for-profit funding environment, and since “nonessential” services are often the procedures that make profit , hospitals are going bankrupt at an unprecedented rate.As job layoffs reach an unprecedented level in all occupations, savings dry up. The rates of dire poverty, hunger. suicide and family violence  soar.  On May 8 CNN estimated the actual number of unemployed is 43 million — 27 percent of the workforce. (  In a U.N. report the World Food Organization warned that, even in wealthy countries, indirect deaths could eventually eclipse the number of direct deaths. In the developing world, famines and total social breakdowns are a far greater threat with 130 million people at risk of starvation. ( the U.S. a new round of “stimulus” for working people is under vague discussion. But essential social programs for working people are last in line after the Federal Reserve’s urgent need to pump trillions of dollars into the stock market and maintain a military budget larger than that of the rest of the world combined. But Britain, Italy, Spain, Belgium and other major capitalist countries with highly developed economies have an even higher rate of COVID deaths per population than the U.S.  This confirms that the problem is far deeper than the arrogant and racist neglect of the Trump administration.Blaming ChinaBecause the U.S. has failed to stop the spread or to provide basic care, the government must make every effort to deflect blame. As U.S. prestige around the  world has plunged in light of the complete disarray of its response, the push to “blame China” has intensified.  “Who will be tougher against China?” is now a political football in the current U.S. election campaign. Blaming China is also part of the Pentagon’s military “Pivot to Asia.”  The China tactic is used to plant the positioning of aircraft carriers in the South China Sea and missile batteries in South Korea and Japan. It is used as further justification for sanctions and a trade war, as well as efforts to sharpen military alliances with India, Australia and the Philippines.A look at articles in the corporate media on the COVID-19 pandemic finds almost every narration includes at least a paragraph blaming China or attacking China for a slow initial response. Yet China’s response was stunningly fast in alerting the world and in mobilizing their population and full resources of the state. Compared to the U.S., China acted at the speed of light — and the U.S. at the speed of a tortoise.TimelineIn evaluating who is responsible for the global spread of COVID-19, it is important to look at the facts, dates and numbers.The virus was first identified in China and announced to the World Health Organization on Dec. 30, 2019. At that time, although there were several severe cases of a new and unusual pneumonia in China, there was not yet one death.By Jan. 1, the Wuhan market where it is now believed the virus originated was closed down. Public health notices and detailed precautions to all health departments and medical institutions, as well as online information for a new viral pneumonia of unknown cause, were being rolled out throughout China. (A detailed explanation of these steps of identification, containment, rigorous testing and treatment is available at By Jan. 7 Chinese researchers had identified the COVID-19 virus. All this happened before the first reported COVID-19 death in China on Jan. 9. By Jan. 12 China announced to the world the genetic sequence of the virus and freely shared that sequence in order to aid the world in the mass building of diagnostic kits.The major high-tech and industrial hub of Wuhan, with a population of 11 million, was under strict lockdown for 76 days. In less than two weeks, over 40,000 medics came from all over China to Wuhan to assist. Meanwhile, quarantine measures were put in place in the whole country. Industries, schools, theaters, parks, sports and all social gatherings had been shut down.However, under  China’s social system, rooted in its socialist revolution of 1949, wages were guaranteed and essential services continued. Rent, mortgage and credit card payments were frozen.In February WHO officially reported: “In the face of a previously unknown virus, China has rolled out perhaps the most ambitious, agile and aggressive disease containment effort in history.” The report added, “The remarkable speed with which Chinese scientists and public health experts isolated the causative virus, established diagnostic tools, and determined key transmission parameters, such as the route of spread and incubation period, provided the vital evidence base for China’s strategy, gaining invaluable time for the response.”A vaccine is not a cureFinding treatments and a vaccine for those who test positive will not automatically solve the global pandemic of COVID-19.That’s because the drive to compete at all costs is an ingrained and systemic response of the capitalist market system. That system is deeply threatened by cooperation — even when millions of lives are at stake.Thus, the U.S. government is refusing to cooperate with China in developing a vaccine. The very idea of learning from China’s experience is met with official, racist disdain. The racism is a cover-up for the fact that cooperation in developing a vaccine is a direct economic threat to far-flung U.S. business interests — and to the capitalist foundation of the U.S. Big Pharma, the pharmaceutical industry, cannot risk a freely available, globally distributed vaccine that would be a dire threat to its corporate profits — and more than enough cause to play the “blame China” game.In thinking of why the U.S. has failed to contain the pandemic, and why U.S. powers to be spurn global cooperation in finding a cure, it is helpful to consider the prevalence of hunger — in the U.S. and around the world.Under capitalism, the cure for hunger is completely simple and understood by every human being. Hunger is cured by providing food to the hungry.Nevertheless, hunger and hunger-related diseases killed 9 million people in 2019, more than from AIDS, malaria and tuberculosis combined. ( there is no “Race for a Cure for Hunger.”  In fact, there is a global glut of food — more than enough to feed  every person in the world. But in a world and a global economy in which capitalist property relations prevail, hunger remains a global killer! In that world, U.S. imperialism — with a still-powerful military force at its command — resists every challenge to its profits. So hunger through economic sanctions is instead used as a weapon of regime change and U.S.-orchestrated coups. Hunger is a problem that is never solved under capitalismBut hunger is the first problem tackled by every socialist country in an organized way. That is why countries that have built and activated a socialist base — like China — have the means and experience to cope far better with an unknown health  threat such as a virus.In a global pandemic, capitalism’s ruthless competition is the greatest killer.  FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

All Derry GAA matches off this weekend

first_imgNewsx Adverts By News Highland – August 13, 2011 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Guidelines for reopening of hospitality sector published All Derry GAA matches off this weekend Pinterest Twitter Twitter Calls for maternity restrictions to be lifted at LUH Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsAppcenter_img Google+ Google+ Previous articleNI sex offender jailed for failing to notify police of address changeNext articleMinor ‘localised’ incidents as Apprentice Boys march in Derry News Highland RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Facebook WhatsApp All GAA matches – scheduled to take place in Co. Derry this weekend have been cancelled – as a mark of respect to a referee, who died at a game last night.Martin Mulholland – who was in his fifties – collapsing during the quarter-final of the senior championship between Kevin Lynch’s, Dungiven, and St Colm’s, Ballinascreen in Swatragh.Efforts to revive him failed.The county GAA spokesperson, Chris McCann, says Mr Mulholland was very well-respected figure in the GAA,  and is  extending the association’s condolences to his family………[podcast][/podcast] Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebooklast_img read more

Ghislaine Maxwell wrapped cellphone in foil to ‘evade detection,’ prosecutors allege

first_imgiStockBy: AARON KATERSKY, JAMES HILL and MEREDITH DELISO, ABC News(NEW YORK) — Ghislaine Maxwell tried to “flee” FBI agents during her arrest earlier this month at her New Hampshire estate, where investigators found a “cell phone wrapped in tin foil,” federal prosecutors allege in new court documents filed Monday.Maxwell, 58, was arrested on July 2 and charged in a six-count indictment alleging that she conspired with Jeffrey Epstein in a multi-state sex trafficking scheme involving three unnamed minor victims between 1994 and 1997.In the new pretrial filing, federal prosecutors allege that when FBI agents directed Maxwell to open the door to the house on the 156-acre estate on the morning of her arrest, Maxwell tried to “flee to another room in the house, quickly shutting a door behind her.”“Agents were ultimately forced to breach the door in order to enter the house to arrest the defendant, who was found in an interior room in the house,” the document stated.As agents searched the house, they found a foil-wrapped cell phone on a desk, according to prosecutors, in “a seemingly misguided effort to evade detection, not by the press or public, which of course would have no ability to trace her phone or intercept her communications, but by law enforcement.”Since Maxwell’s arrest, new witnesses have also come forward, according to the court filing. The FBI and the U.S. Attorney’s Office “have been in touch with additional individuals who have expressed a willingness to provide information regarding the defendant,” prosecutors said, adding that this new evidence “has the potential to make the government’s case even stronger.”Maxwell’s lawyer, Laura Menninger, has called the federal charges “meritless” and said that Maxwell “vigorously denies” them.Maxwell is currently being held at a federal jail in Brooklyn. She is scheduled to appear in court Tuesday at a bail hearing, where she is expected to publicly address the allegations against her for the first time.Federal prosecutors argue that she is an extreme flight risk and should be held in custody until trial. Their latest filing repeats their concerns that Maxwell is a citizen of several countries, has access to “considerable wealth” and “appears to be skilled at living in hiding.”Instead of pretrial detention, defense has suggested a $5 million bond and conditions to restrict her movements.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Employers dismissing staff stresss complaints as ‘just an excuse’

first_img Comments are closed. Related posts:No related photos. Previous Article Next Article Employers are increasingly dismissing complaints about stress as ‘just anexcuse’, a study by a law firm has suggested. The survey by Peninsula of 958 employers and 4,125 employees found 91 percent of workers admitted feeling stressed, but almost 70 per cent of employersbelieved it was just an excuse or ‘a phase’ that did not merit time off. Although 76 per cent of employers admitted to being concerned about stressand its effects, only a quarter believed staff should be excused from workbecause of it, although 13 per cent said staff could stay at home occasionally.By comparison, some 77 per cent of employees had already taken time off forthis reason, and 79 per cent felt organisations failed to understand theseriousness of the problem. Employers dismissing staff stresss complaints as ‘just an excuse’On 1 May 2004 in Personnel Todaylast_img read more

Australia: UGL Infrastructure, Babcock to Provide Surface Ship R&M Services for Aznac GMC

first_img View post tag: Provide Australia: UGL Infrastructure, Babcock to Provide Surface Ship R&M Services for Aznac GMC View post tag: infrastructure March 28, 2012 UGL Limited announced that Babcock Pty Ltd (Babcock) and UGL Infrastructure Pty Ltd will form a Special Purpose Vehicle, Naval Ship Management (Australia) Pty Ltd (NSM(Aust)), an incorporated 50:50 joint venture, to provide Naval surface ship repair and maintenance services for the ANZAC Ship Group Maintenance Contract (GMC).NSM(Aust) has been announced as the preferred tenderer for the ANZAC Ship GMC, a new $300 million five-year contract with potential for further extensions based on performance.Contract negotiations are expected to be finalised by June 2012. NSM(Aust) has access to the combined expertise of UGL’s asset management capabilities and Babcock, the UK’s leading naval ship sustainment company. The companies bring considerable  Australian and international experience in managing long-term, performance based maintenance contracts.UGL’s Managing Director and CEO, Richard Leupen said: “UGL is very pleased that NSM(Aust) has been selected as the preferred tenderer for this prestigious contract which will provide the opportunity to extend UGL’s Royal Australian Navy ship maintenance and support activities for the ANZAC class through our new joint venture with Babcock.“NSM(Aust) combines UGL’s long history and depth of experience in maintenance and asset  management expertise with the UK’s most experienced naval ship sustainment and class output management company. With the proven combined capabilities of UGL and Babcock in major warship support, including the eight Australian and two New Zealand ANZAC frigates, we are able to  provide a highly competent, efficient and cost-effective service that offers the Commonwealth Government a low risk transition and roadmap to total asset management.”Babcock’s Chief Executive Officer Craig Lockhart commented: “We are delighted to be working with UGL on the ANZAC GMC. Our two companies combine the very best of international sustainment expertise and will create NSM(Aust) as a platform for Naval Engineering excellence. We have a strong GMC proposition, with highly relevant technical, engineering and commercial expertise to satisfy the customer’s expectations.”Both Mr Leupen and Mr Lockhart were unanimous in their support of the Defence Materiel Organisation’s (DMO) initiative to reform the naval ship repair sector. They added that NSM(Aust), through its parent companies, provides a demonstrable track record in cost reductions while setting high standards of performance. NSM(Aust) also offers access to national and  internationally recognised supply chains, and an integrated solution for better utilisation and improvement of Fleet Support Unit capabilities.[mappress]Naval Today Staff , March 28, 2012; Back to overview,Home naval-today Australia: UGL Infrastructure, Babcock to Provide Surface Ship R&M Services for Aznac GMC View post tag: ship View post tag: services View post tag: GMCcenter_img Industry news View post tag: UGL View post tag: Surface View post tag: Babcock Share this article View post tag: R&M View post tag: Aznaclast_img read more