Category: iufdvrvc

Telia sees profits slip slightly

first_imgTuesday 19 April 2011 7:59 pm whatsapp TeliaSonera, the Nordic region’s biggest telecoms firm, posted slightly lower than expected first-quarter core profit and sales yesterday and cut its 2011 revenue growth forecast. Ebitda excluding one-offs were 8.8bn Swedish crowns (£860m) versus a forecast of 8.9bn last year. Revenues were 24.7bn crowns against a forecast of 25.4bn and Telia said it now sees net sales in local currencies and excluding acquisitions growing around three per cent this year, down from its previous forecast of four per cent. Tags: NULL Telia sees profits slip slightly More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com whatsapp Show Comments ▼ KCS-content Sharelast_img read more

Buenos Aires Governor signs off on new igaming laws

first_img Subscribe to the iGaming newsletter Regions: LATAM Argentina Buenos Aires Governor María Eugenia Vidal has signed a regulatory decree to make online gambling legal in Argentina’s capital province for the first time.Passed by the provincial government in December last year, Decree 181 has now been published in Boletín Oficial, Argentina’s government gazette, setting out regulations for online casino games including slots, sports betting, poker and betting on horse racing.The Buenos Aires government will be able to award up to seven igaming licences under the new regime, but these will be limited to one per operator. The Buenos Aires Provincial Institute of Lottery and Casinos will oversee regulation of the new market.In order to secure a licence in Buenos Aires, operators will need to meet a list of 20 requirements, with an appointed committee to pass judgment on all permit applications. Criteria include industry experience, financial capacity and data security.Operators that are awarded a licence will be subject to a tax of 25% on revenue generated from gambling activities in the province. This is higher than the 15% set out under the original legislation published last year.Licensees will also be subject to advertising measures whereby the regulator will monitor all outgoing marketing materials to ensure that it is carried out in good practice. Gambling will be limited to players over the age of 18 and ads should reflect this by not targeting minors in any way.Operators must also ensure they have a responsible gambling strategy in place, including integrating their systems with a new self-exclusion scheme and having a facility in place to enable players to register formal complaints.Those that do not comply with such requirements could face financial penalties and, if they continue to breach regulations or commit a particularly serious offence, could face having their licence revoked.It is hoped that the introduction of the new laws in Buenos Aires will encourage other provinces across Argentina to also adopt gambling regulation.Image: Deensel Casino & games Tags: Card Rooms and Poker Online Gambling Buenos Aires Governor signs off on new igaming laws Topics: Casino & games Legal & compliance Sports betting Poker 1st April 2019 | By contenteditor Buenos Aires Governor María Eugenia Vidal has signed a regulatory decree to make online gambling legal in Argentina’s capital province. Decree 181 sets out regulations for online casino games including slots, sports betting, poker and betting on horse racing. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

GVC expects £25m earnings decline from racing suspension

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Race Track and Racino Finance Email Address Ladbrokes Coral and bwin.party operator GVC Holdings has estimated that the suspension of all horse racing in the UK until the end of April will lead to an earnings decline of £20m-£25m, on top of yesterday’s (16 March) reduced earnings guidance. Subscribe to the iGaming newsletter GVC expects £25m earnings decline from racing suspension 17th March 2020 | By Daniel O’Boyle Regions: UK & Ireland Topics: Finance Sports betting Horse racing Ladbrokes Coral and bwin.party operator GVC Holdings has estimated that the suspension of all horse racing in the UK until the end of April will lead to an earnings decline of £20m (€21.9m/$24.1m) to £25m, on top of yesterday’s (16 March) reduced earnings guidance.Yesterday, GVC revealed that its earnings before interest, tax, deprecation and amortisation (EBITDA) for the current year could be reduced by £130m-£150m due to widespread sporting suspensions across the globe from the outbreak of the novel coronavirus disease (Covid-19), with a further EBITDA loss of between £45m and £50m per month if its UK retail betting shops were forced to close.However, this figure was based on the assumption that only major horse racing meets such as Aintree and Royal Ascot would be cancelled, while the rest of the season would take place without spectators.Although the British Horseracing Association said yesterday that all races would occur behind closed doors, it announced today that all horse racing in Great Britain will be suspended until the end of April.The suspension will come into effect from tomorrow (18 March), with meetings behind closed doors at Wetherby and Taunton to go ahead today as scheduled.“This is a national emergency the like of which most of us have never seen before,” BHA chief executive Nick Rust said. “We’re a sport that is proud of its connection to rural communities and to the local businesses that support our industry.”GVC said it continues to retain a “strong balance sheet,” including accessible cash of £260m, despite the reduced earnings guidances.Earlier today, the Betting and Gaming Council (BGC) urged the UK Chancellor to provide emergency help to save thousands of jobs across the gambling industry after fresh concerns were raised over the impact of the pandemic on the sector.Having consulted its members on the impact of the restrictions, the BGC said the immediate priority for emergency assistance is with employment costs. As such, the BGC has urged the Chancellor to allow additional time to pay on Pay As You Earn (PAYE) and National Insurance Contributions (NIC) liabilities.GVC’s share price has falled more than 15% from closing yesterday to the time of writing, after falling more than 20% yesterday in a tumultous day for stock markets.In unrelated news, a GVC spokesperson also confirmed to iGaming Business that it has put a “low double-digit” number of jobs in the finance and payment processing sectors of its Gibraltar office out for consultation, as it plans to make an as-yet undetermined number of redundancies.The decision is part of a “planned integration process” following the operator’s acquisition of Ladbrokes Coral in 2018 and is not connected to the impact of Covid-19.“We expect to redeploy the vast majority of those affected within the business and expect the ultimate number of redundancies to be minimal,” the spokesperson said.last_img read more

Should I buy Kanabo shares for my portfolio?

first_img Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images Edward Sheldon, CFA | Friday, 19th February, 2021 | More on: KNB One UK growth stock that’s been getting a lot of attention this week is Kanabo Group (LSE: KNB), which listed on the London Stock Exchange (LSE) on Tuesday. Yesterday, KNB was the second most viewed stock on Hargreaves Lansdown.Is this a growth stock I should be considering for my own portfolio? Let’s take a look at the investment case.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Kanabo Group: what does it do?Kanabo is an Israeli medical cannabis company focused on the distribution of cannabis-derived products for medical patients, and non-THC products for CBD consumers. It listed on the LSE through a reverse takeover of Spinnaker Opportunities. At its current share price, it has a market-cap of about £100m. Kanabo says it has conducted “extensive R&D” in order to develop high-quality cannabis extract formulas, innovative medical-grade vaporisers, and various non-smoking consumption solutions. It says it’s selling initial products in Europe already, and is ready to scale up to meet market demands and projected sales and revenues.The company’s leadership team is made up of experienced medical industry professionals in a variety of fields shaping the medical cannabis industry. The CEO, Avihu Tamir, is a cannabis entrepreneur with five years ‘hands-on’ experience in multiple cannabis ventures. He’s also the founder of Teva Nature, the leading vaporiser company in Israel.I’m bullish on cannabisI’m relatively bullish on the legal cannabis industry from a long-term investment point of view. Already, over 30 countries worldwide have legalised cannabis for medical use.Between now and 2026, the global legal cannabis market is projected to grow at a compound annual growth rate (CAGR) of more than 30%. This means there are likely to be plenty of opportunities for investors.That said, I’m not convinced at this stage that Kanabo stock is a good fit for my portfolio. For starters, I can’t see the company having a clear competitive advantage. There are lots of companies developing CBD products today. Does Kanabo have an edge over the competition? It’s not clear to me.Secondly, Kanabo is still very much unproven at this stage. As it says in its prospectus: “Kanabo has a short trading history and is unable to demonstrate any significant revenue being generated as at 31 December 2019. Investors therefore have a very limited basis on which to evaluate potential future performance of the Enlarged Group. The Enlarged Group may continue to generate sustained losses in the event that it is unable to generate sufficient revenue from the sale of its Retail CBD Products.”It also notes in its prospectus that “the group may not commercialise its medical cannabis products.” I like to invest in companies that have proven track records of success.Third, the financials concern me. I prefer to invest in growth companies that are already profitable. I’ve found that investing in these types of companies reduces risk significantly. Kanabo, at this stage, isn’t yet profitable.Source: KanaboKNB also states in its prospectus it had retained losses of approximately £3.1m (as at 31 December 2019) as a result of costs incurred in connection with early stage R&D activities.Kanabo shares: too speculative for meKanabo could be successful. However, looking at the investment case, the stock is too risky for me. I think a safer way to play the cannabis growth story is a thematic ETF (a tracker fund that taps into a specific theme). See all posts by Edward Sheldon, CFA Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Should I buy Kanabo shares for my portfolio? Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Edward Sheldon owns shares in Hargreaves Lansdown. The Motley Fool UK has recommended Hargreaves Lansdown. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997”last_img read more

Blinco Street House / Philip Stejskal Architecture

first_img 2018 CopyHouses•Fremantle, Australia “COPY” Save this picture!© Bo Wong+ 49Curated by Paula Pintos Share Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/918134/blinco-street-house-philip-stejskal-architecture Clipboard Australia ATLAS Blinco Street House / Philip Stejskal ArchitectureSave this projectSaveBlinco Street House / Philip Stejskal Architecture Architects: Philip Stejskal Architecture Area Area of this architecture project Landscape: Photographs Year:  Projects Design Team:Philip Stejskal, Yang Yang Lee, Claire HolmesCity:FremantleCountry:AustraliaMore SpecsLess SpecsSave this picture!© Bo WongRecommended ProductsEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEADoorsJansenDoors – Folding and SlidingWoodSculptformTimber Click-on BattensEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreText description provided by the architects. The design grew from the client’s desire to ‘re-set’ each time he returned from work. He would arrive by car straight from the airport, without the time to adequately slot back into society. Our client was a single FIFO worker at the start of the project, who wanted a laid-back and robust sanctuary back home. He would arrive by car from the airport after a month off-shore and wanted the house to be instrumental in readjusting his mindset back into an on-shore, city-based existence for the ensuing month. The home needed to allow a gradual adjustment. Nothing too abrupt. Connection with Fremantle, but also plenty of privacy and dimly lit space to enjoy solitude. A place that was gentle on the senses, yet also engaging. Together with the client, we devised an entrance sequence to perform the initial reset.Save this picture!© Bo WongSave this picture!Ground Floor PlanSave this picture!© Bo WongFrom the garage, entry is via a back gate, which provides access to a protected porch with lush potted vegetation. From here a solid front door with a high light window. Pass through this into a narrow space with brick floor and walls, dark stained plywood cabinetry and a pond visible through a frameless glass door. A compressive and contemplative space. A right turn leads into a circular space with a low ceiling: the library, which doubles as circulation nexus. From here go straight ahead into the living room; turn right for the spiral stairwell; left for the kitchen; or hook right for the toilet. A place to re-orientate and also to remember. The final stop before passing through deep thresholds to parts of the house where the local living can begin.Save this picture!© Bo WongThe kitchen, still dimly lit and cross-ventilated through louvers from the pond, is a galley and becomes a built-in dining booth at the northern end. The dining room shares a single story volume with the kitchen, which gives way to a double height volume passing East towards the living room. The living room is where the solitude of the ground floor encounters the cheer of a brighter and more outward looking the first floor, via a double height volume. This transition is less gradual in the spiral staircase, where black-stained treads switch to lime-washed ones just below the first-floor landing. Lime-washed timbers and white walls predominate on the first floor, which is brightened by many windows and a double-glazed skylight over the corridor.Save this picture!© Bo WongDoors are frameless and skirting boards integrated. The focus is downwards and outwards. To the North, a full-width operable lattice screen provides sun protection and privacy for both levels of the house. The screen is made of Hardie Lattice, an economical off-the-shelf product appropriated to painted Duragal frames on simple pin hinges and rod stays. They, along with abundant quantities of face brick, painted concrete floors, integrated glazed brick splashbacks and plywood lend the home a rudimentary and relaxed feel. The client wanted to kick off his shoes, walk in off the beach, have his friends over without worrying too much. The surfaces have been designed with this in mind, as robust and hardy finishes.Save this picture!© Bo WongSave this picture!Section 2Save this picture!© Bo WongProject gallerySee allShow lessHouse on the Great Wall / MDDM STUDIOSelected ProjectsHouse of Would / EliiSelected Projects Share “COPY” Manufacturers: James Hardie Australia, Austral Bricks, Bluescope, James Hardie, Nemetschek, Paperock, Austral Plywood Area:  240 m² Year Completion year of this architecture project Blinco Street House / Philip Stejskal Architecture Photographs:  Bo Wong Manufacturers Brands with products used in this architecture project ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/918134/blinco-street-house-philip-stejskal-architecture Clipboard CopyAbout this officePhilip Stejskal ArchitectureOfficeFollowProductsWoodSteelBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesFremantleAustraliaPublished on June 02, 2019Cite: “Blinco Street House / Philip Stejskal Architecture” 02 Jun 2019. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogFaucets / SinkshansgroheKitchen SinksGlass3MSun Control Window Film in MarkthalPartitionsSkyfoldIntegrating Operable Walls in a SpaceRetractable StructuresShadeFXRetractable Canopies in Beverly HillsPanels / Prefabricated AssembliesIsland Exterior FabricatorsSpecialty Facade SystemsWoodSculptformTimber Tongue and Groove CladdingSkylightsVELUX CommercialLonglight 5-30° – Modular SkylightsBars / Wire / MeshJakobWebnet – Sports NetSuspension SystemsMetawellAluminum Panels for Ceiling SailsMineral / Organic PaintsKEIMTiO2-free Mineral Paint – Soldalit®-ArteHanging LampsLuminisPendant Lights – HollowcoreHandicap BathroomAamsco Lighting, Inc.Mirror-Lux LED Illuminated MirrorMore products »Save想阅读文章的中文版本吗?Blinco街区住宅 / Philip Stejskal Architecture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 streamlast_img read more

Dame Judi Dench is new Patron of Talking Newspapers charity

first_img Howard Lake | 14 June 2006 | News Dame Judi said: “The Talking Newspaper Association is providing a really worthwhile service, and I hope that I can help them with their fundraising and increase awareness of this vital service”. Oscar, BAFTA and Golden Globe winning actress Dame Judi Dench is the new Patron of the Talking Newspaper Association of the United Kingdom.The East Sussex-based Association operates National Talking Newspapers and Magazines (TNAUK), which provides more than 250 newspapers and magazines on subscription to blind and partially sighted people throughout the UK and beyond, through the use of audio CD, tape and digital services. In addition, it recently introduced the DAISY service which uses compressed digital audio enabling up to forty hours of audio content on a single CD, making it easier to navigate between subjects, publications and articles. Advertisement Tagged with: Recruitment / people Volunteering Dame Judi Dench is new Patron of Talking Newspapers charitycenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  19 total views,  2 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 GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Hot Appeals or Burnt Offerings: Do’s and Don’ts for Twenty-First Century Fundraising

first_img  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Individual giving Howard Lake | 22 December 2008 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img 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 GoodJobs.org.uk. Researching massive growth in giving. Hot Appeals or Burnt Offerings: Do’s and Don’ts for Twenty-First Century Fundraisinglast_img read more

Communities rally around Mumia Abu-Jamal

first_imgPart of the crowd participating in the March 10 Mumia event.Philadelphia’s West and Southwest neighborhoods came together as a community on March 10 at the Kingsessing Free Library in solidarity with Mumia Abu-Jamal and all political prisoners. Dozens of residents took part in an afternoon of hands-on learning and political discussion centered on Abu-Jamal’s latest book, “Have Black Lives Ever Mattered?”Hosted by community activist and radio host Gabe Bryant, the event was organized by a coalition of groups, including the International Concerned Family and Friends of Mumia Abu-Jamal, Workers World Party, Socialist Action, Friends of Kingsessing Library, Mobilization4Mumia, Sankofa Community Empowerment and Food Not Bombs Solidarity. The multimedia presentation included several video clips and documentary footage related to the Black Lives Matter movement and Abu-Jamal’s own arrest and struggle for freedom.Those in attendance also heard an audio recording of Abu-Jamal reading a section of the introduction to his new book. It ended with his thanking attendees and expressing his love for each and every one engaged in the struggle.Participants in the event formed breakout groups to discuss various subjects covered in the book, including the meaning of the uprising in Ferguson, Mo., the murder of Trayvon Martin and police violence in schools. Each group reported back to the assembly and joined in a spirited discussion on the book’s themes and the future of the movement.Workers World member Deandra Patrice Jefferson discussed the connection between Abu-Jamal’s case and that of Philadelphia rapper Meek Mill, who recently returned to prison on false ­pretenses. She noted that many youth in Philadelphia are familiar with the campaign to Free Meek and emphasized bringing this new generation of energy and interest to the movement for Mumia.Anthony Smith, with Philadelphia REAL Justice, also discussed the generational divide and stressed the importance of creating space for younger organizers and activists who are so disproportionately the target of state violence. Smith also encouraged people to be involved in the fight to stop gentrification, including Temple University’s push for a sports stadium in North Philadelphia’s predominantly Black community around the campus.Betsey Piette, with the Mobilization4Mumia, gave updates on the state of Abu-Jamal’s health and his legal battle. Pressure has mounted on District Attorney Larry Krasner’s office to release files related to Abu-Jamal’s case that should expose former Pennsylvania Supreme Court Justice Ronald Castille’s duplicity concerning Abu-Jamal’s appeals. A status hearing is scheduled for March 27, where supporters will continue to voice their basic demand: Free Mumia Now!While a victory was achieved in 2011 when Mumia was taken off death row, the need to free him from prison is as urgent as ever. The state of his health is dire after nearly 40 years in prison with horrendous neglect by prison medical staff.The Friends of Kingsessing Library was formed over a decade ago and won a successful fight to keep open their branch of the Philadelphia Public Library. Food Not Bombs Solidarity provided delicious meals to all those in attendance. With the support of his friends, family and community, both in Philadelphia and internationally, Mumia Abu-Jamal will one day soon walk out of prison a free man.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Trump, China and the stock markets

first_imgThe longer that U.S. stock markets continue to rise, the more nervous become the investors and all the financial analysts. On Friday, Aug. 23, the Dow Jones Industrial Average dropped by over 600 points after proclamations by Donald Trump that his trade war with China would intensify, putting higher tariffs on Chinese imports. What he and the big business media failed to mention is that his tariffs are the equivalent of taxing the people in the U.S. who buy these imported items. In other words, Trump has just raised taxes on the U.S. working class, who make up the bulk of the consumers of lower-cost Chinese goods. He is raising taxes even as the U.S. government budget deficit keeps rising, largely due to enormous expenditures on the war machine, even when no wars have been declared. The last time Congress declared war was in 1942. How many undeclared wars has the Pentagon waged since then, during both Democratic and Republican administrations? The Congressional Budget Office estimates that the annual government deficit will for the first time exceed the astronomical sum of one TRILLION dollars by next year. That’s the deficit for just one year. The total amount owed by the federal government is already up to $22 trillion, which amounts to 70 percent of the entire annual gross domestic product of the United States.The banks and other institutions that lend this money to the government may be growing fatter and fatter on the interest they get, but it is obvious that everything is heading toward a crisis in which the workers will be the ones to really suffer.Trump and ChinaOn Aug. 26, the Monday following the big Dow Jones decline, the markets began to partially recover after Trump claimed that China had since “blinked” and a “deal” was in the making. Regardless of who really blinked, the U.S. stock markets’ reaction showed how important People’s China has become to U.S. capitalists as a market for their products.It also showed how flimsy the investors’ hopes are and how easily they are manipulated by Trump’s demagogy. The markets perked up on Monday because Trump, while in Europe for a meeting of the G-7 imperialist countries, had told the press the night before that “China called last night” and “we’ll be getting back to the table.” Who from China called? No matter. Don’t ask questions. Up go the stock prices. However, Editor-in-Chief Hu Xijin of Global Times replied in a tweet that negotiators from both countries did NOT talk on the phone and that “China won’t cave to U.S. pressure.” (CNBC, Aug. 26)Fear of recessionGyrations of the stock markets may make investors richer or poorer day by day, but the fear of recession remains a constant for a much more basic reason.Overproduction is a cyclical feature built into capitalism. In their constant competition for a larger share of the market, the owners of capital must expand production while trying to reduce the cost of each item. This leads to rapid technological change and an increase in constant capital (equipment, plants, etc.) while reducing variable capital (labor).It also leads to a glut of commodities on the market, and eventually a collapse, with millions losing their jobs. Karl Marx meticulously explained how this boom-and-bust feature of capitalism functions in his monumental work, “Capital.” In such a collapse, workers may not only lose their jobs but also their pension funds, which are invested in the system.The antics of Donald Trump may shake up many owners of capital because of his unpredictability, his exaggerations and outright, easily disputed lies, plus his disinterest in even trying to cover up his ignorance of facts. He is trounced daily by many media outlets loyal to the capitalist system because they’re afraid of the damage he is doing to the stability of their system.But progressives have better reasons to fight the Trump regime. Trump and his followers are openly racist, misogynist and bigoted. They make scapegoats of im/migrants and poor people. They cover up the crimes of the system with poisonous words and deeds meant to divide the multinational and global working class. Capitalism is the enemy, and Trump is but one of its many faces.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Rescue Update – Man successfully airlifted from lifeboat

first_img Facebook Twitter News Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ Pinterest Pinterest Rescue update – man airlifted and brought to Altnagelvin Hospital in Derry. Audio from RNLI to follow. RELATED ARTICLESMORE FROM AUTHOR By News Highland – August 10, 2012 Need for issues with Mica redress scheme to be addressed raised in Seanad also LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton center_img Calls for maternity restrictions to be lifted at LUH WhatsApp Facebook WhatsApp Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleMajor rescue operation underway off the Isle of DoaghNext articleMalin Head’s local knowledge ‘crucial’ in Lough Swilly rescue News Highland Rescue Update – Man successfully airlifted from lifeboat Google+ Guidelines for reopening of hospitality sector published last_img read more