Friday, June 15, 2007
For the scrap heap , hopefully
The Aberdeen based scrap metal reprocessor and steel trading firm and one time rag-and -bone company John Lawrie Group announced that they paid an un-named director £2.1 million in 2006, plus a further £300,000 in contributions to his pension scheme. This compares with a combined figure of £1.6 million in 2005.
The increase helped swell total directors' remuneration to £3.9m from £2.6m.
This individual is assumed to be Brian Meldrum the chairman who staged a management buy-out of the company in 1981 which saw him climb the league table of top corporate earners in Scotland.
Another one for the scrap-heap when the revolution comes .
And Moir Lockhead, chief executive of ScotRail operator FirstGroup, saw his remuneration fall just short of the magic £1 million mark in the last financial year. Lockhead received a basic salary of £461,000, a cash bonus of £254,000 and benefits-in-kind of £30,000 in the year to March 31. This totalled £745,000, up from £723,000 in 2006. Lockhead was also awarded a bonus worth £254,000 in deferred shares . His total bonus for 2006-07 is therefore £508,000, or the maximum 110% of salary for the second year running. The deferred bonus, assuming it vests, will take Lockhead's total remuneration for 2006-07 to £999,000. In addition he also received perk benefits comprising of £24,000 in respect of a company car, £5000 for private fuel, and £1000 of medical insurance for Lockhead and his spouse.
Thursday, June 14, 2007
GROWING OLD DISGRACEFULLY
Wednesday, June 13, 2007
Electric shocks
Scottish & Southern Energy , the Perth-based parent company of Scottish Hydro-Electric , has handed its top executives inflation-busting salary increases after a review of boardroom remuneration concluded that they were underpaid .
SSE's four executive directors saw their basic salaries rise by between 9% and 17%.
Chief executive Ian Marchant is now on a basic of £720,000 - an increase of around £100,000 in the past two years. Also proposed to the annual meeting was that the maximum bonus "cap" for executive directors under the company's new performance share plan be increased from 100% to 150% of salary.
Marchant's salary, annual bonus, and benefits jumped by more than 16% to £1.21 million in 2006-07, up from £1.04 million in the prior financial year. As well as his basic salary of £675,000, bonus of £518,000 and benefits of £17,000, Marchant was awarded 46,081 shares under the deferred bonus plan.These shares had a value of nearly £670,000 at last night's closing price . In all , taking his total remuneration for the year to nearly £1.9 million . Marchant also made a notional gain on the exercise of share options of £408,876.
Colin Hood, who joined the board of SSE in January 2001 as power systems director and became chief operating officer in October 2002, was paid salary, bonus and benefits totalling £894,000 in 2006-07, up from £772,000 last time. Hood was awarded 33,446 shares under the deferred bonus plan worth nearly £500,000 at yesterday's closing price
Finance director Gregor Alexander received £656,000 in 2006-07, up from £531,000 last time, including a basic salary of £360,000 and bonus of £282,000.
Alistair Phillips-Davies, the energy supply director, took home £659,000, up from £531,000.
Chairman Sir Robert Smith, meanwhile, saw his pay rise from £218,000 in 2005-06 to £266,000.
Next time you are told you are over-paid , remember what Scottish Hydro consider as under-paid.
meanwhile also reported by The Herald , the new Scottish Media Group chief executive Rob Woodward is set to be handed free shares in the troubled media group potentially worth £2.5million . A revamped long-term incentive plan (LTIP), which will be put to a shareholder vote at an extraordinary meeting on Friday, will see a clutch of executives share 2007 awards with a potential value of £6.8 million. Finance director George Watt, sole survivor of the much-criticised "ancien regime" at SMG, could pocket more than £900,000 when the 2007 LTIPs vest in three years' time.
Rewards not to compensate for being underpaid , but to "incentivise and motivational and retentative " purposes .
Tuesday, June 12, 2007
This Land is my Land! can you afford the death dues?
Exhumation, when it happens, is news on the television and press in this part of the world. It causes a lot of anguish for families concerned and usually a lot of legal work has taken place before an exhumation takes place. This article which is supported by pictures of council workers transporting corpses in wheel-barrows and rubbish trucks puts another meaning to being thrown on the scrapheap at the end of your working life. One thing for sure, it will not be members of the capitalist class who have to put up with this obscenity.
I quote
“Even in death the poor of Guatemala cannot be certain their bodies will attain eternal rest.
After six years in a tomb relatives have to pay a £12 fee to allow the remains to stay in place for four more years.
If, as is often the case in the poverty- stricken Central American country, relatives cannot afford the fee, council workers dig the body up and dump it down a deep shaft which doubles up as a communal grave.
The main cemetery In Guatemala City, like many others, is so crowded that the authorities have had to impose the tax in order to make room for new bodies.
This year alone, more than 2000 corpses have already been exhumed and deposited down the hole.
Even if the tax has been paid, the death dues are up for renewal four years later.”
For Capitalists it is indeed private property
In his judgment, Sheriff Fletcher said that the "nature of the building and its prominence" meant a larger section of surrounding land was required by Mrs Gloag to ensure her family's privacy and enjoyment of the house.
Stagecoach tycoon, Ann Gloag, who is worth an estimated £395 million , had already angered walkers by erecting a fence around Kinfauns Castle estate. Mrs Gloag was granted retrospective planning permission after erecting a fence around part of her estate.
"This gives a green light to landowners to go around the countryside erecting fences without planning permission." - Dave Morris , Ramblers Association Scotland
Not so good down in the Valleys
The survey by the University of London found 30% of families in Wales were living below the poverty line. This compared with 25% in England and 21% in Scotland.
"We have studied people throughout their lives before and the imprint of having lived in poverty in childhood can be traced through school and into adult life, so finding such a lot of disadvantage amongst a big minority of today's children is very disturbing," said Professor Heather Joshi, director of London University's Centre of Longitudinal Studies
It confirms an earlier report on Welsh children . The charity Barnardo's has warned that nearly one in three of Welsh children are living in poverty. One worker for the charity said children in Wales occasionally go without food or heating.
BEHIND THE STATISTICS
A King's Ransom
Class and the class-room
The Millennium Cohort Study also found large differences between children living in families above and below the poverty line.
The poorest children were 10 months behind their wealthier peers in tests of their grasp of shapes, numbers, letters and colours known as "school readiness" tests. And they were five months behind their wealthier peers in vocabulary tests.
One of the researchers, Professor Heather Joshi, said: "The advantaged children tended to be way ahead of the average and the disadvantaged children were lagging behind. If you look at the front-runners and the runner ups - there's almost a year's worth of differences."
These results will not be a surprise to education experts or government policy advisers [ Nor a surprise to the members of the Socialist Party either ] who have long known that parents' educational achievement and family income are indicators of a child's educational success.
An earlier BBC report describes that little progress has been made to close the achievement gap between rich and poor pupils . Children from poorer homes (eligible for free school meals ) are almost half as likely to get good GCSE results as pupils from richer homes .
Monday, June 11, 2007
The New King of Wall St.
AN EYE OPENER
PRISONERS OF WANT
DOWN AND OUT DOWN UNDER
Sunday, June 10, 2007
CANADIAN CAPERS
Friday, June 08, 2007
Marks and Sparks
Thursday, June 07, 2007
Rich Pickings
Wednesday, June 06, 2007
It's Sick , isn't it ?
Part of the treatment can either be 2 pills a day that cleanses their blood of life-threatening excess iron - a side effect of the frequent blood transfusions needed to treat the disease -- or alternatively , insert a needle into their stomach for eight to 12 hours a night at least five nights a week .
While the drug is available in Scotland, most patients in England are not able to get it because local NHS organisations are refusing to pay for a drug that costs £10,000-£15,000 for a year's supply for a young person. So now it's back to these injections which many families find highly stressful and do only infrequently, thus endangering the child's life.
Dr Farrukh Shah, a consultant haematologist at the Whittington Hospital in London, said: 'All patients who would benefit from Exjade should get it without arguments about who's going to fund it. They are being made victims of NHS internal politics. It's all down to people passing the buck financially between hospitals and Primary Care Trusts.... It's distressing for patients and their parents. Patients are struggling to maintain the needle treatment and desperately want to get Exjade, but many can't. When I tell them that their PCT has refused to pay for something that would make their life a whole lot easier in many ways, many end up crying.'
Vanessa Bourne of the Patients' Association said :"..you can't expect a parent to put a needle in their child's stomach every night because that treatment is so horrible to administer. Would PCT bosses, as parents, wish to do this to their child every night?..."
And while we are constantly admonished to care for our young , Capitalism simply counts up the pounds and the pence .
Monday, June 04, 2007
COUNCIL TAX OR FREE ACCESS?
The SNP through Alex Salmond want to replace the Council Tax, not all at once, first no raising of tax for two years and then, to quote,
“The SNP will abolish the unfair Council Tax and replace it with a local income tax system based on the ability to pay. The local tax will be set at a rate of 3p on income excluding savings income. The reform will represent a major progressive change to taxation in Scotland and the biggest tax cut for Scots in a generation.”
Pensioners have protested bitterly that the council tax has more than doubled over the last ten years and not having the industrial muscle they may have had, are not able to increase their income through industrial action. They of course have a voting strength and the South Lanarkshire Council decided to recognise the depreciation in their income by returning £50 to all pensioner households. This decision was taken and payments made before the election took place, some were saying "it's a bribe", evidently if it was a bribe, it failed. So what is the socialist solution, below is an article published in the May 2004 Socialist Standard, give it some thought.
COUNCIL TAX OR FREE ACCESS
Pleased with your latest council tax bill? This tax on property was introduced in 1994 by John Major as a replacement for Thatcher's poll tax,which was removed (along with Maggie) after it caused widespread public resentment and riots. Council tax has risen by up to 60 percent since 1997. It leapt 12 percent on average last year, and after the latest increases it's also now causing considerable upset and anger.
This government like previous ones wants to stay in power, so while it likes to be seen attempting to improve services delivered by local authorities, like education and policing, it doesn't want to be seen raising taxes to pay for them. Whitehall and local governments both understand and play the resulting game: get what you can from each, but blame one another - and blame other parties - if and when the public complain. Councils blame central government for not providing enough money, and the government accuses councils of inefficiency, mismanagement and proclaim that they will cap unacceptable increases.
While the government is worried about a popular revolt against council tax - something Gordon Brown tried to diminish in his March 17 budget with a £ 100 reduction-cum-sop for pensioners over 70 - it seems likely Labour will keep this property tax but reduce future increases by allowing councils to raise additional money by charging for more local services.
The council tax is a property tax but it is only a pinprick for those who own the most property. In fact, the more property you own the less painful it is. While the Duke of Westminster, worth £4.6 billion and owner of some 190,000 acres in Britain is able to live a luxurious life in the grandest of mansions, his council tax bill will be no more than a few thousand pounds. Rich aristocratic and agro-industrialists who represent just one percent of the population but who own 70 percent of the land in Britain, are actually paid property subsidies and grants of tens of thousands each year.
Those on high incomes can also shrug it off. Tony Blair and Cherie's council tax can be paid off with just a half-day's worth of their earnings, Michael Howard and Charles Kennedy's with a mere couple of days worth of theirs. This reflects the inequalities of ownership and income that are at the basis of present-day society.
Despite appearances, in the end it does not matter to most people what form or level taxes take. To enable us to remain fit to work, our wage, salary or benefit has to cover all the normal costs of living, including any taxes. Abolishing or reducing taxes wouldn't leave us any better off since it only allows them to pay us less. National and local finance is not really our problem. Whatever the system's politicians decide, our after-tax income is never going to be much more than enough to keep ourselves fit to work.
Free access
We in the Socialist Party say people should have full access to services like public toilets, education, properly maintained roads, refuse collection, libraries etc, but we ask you to reject taxation or direct charges as ways of providing them. Instead, we ask you to support free access to these vital services as well as to all other needs, like food, housing, public transport, domestic appliances, furniture, gas, electricity, clothing etc.
A society of free access to whatever people need is readily achievable by replacing today's capitalism with a new system where we all collectively and directly own and democratically control the means of production and distribution (i.e., farmland, factories, raw materials, power stations, water supply, roads network, railways etc).
If we all directly own and control these assets - rather than them being owned by private individuals and, or, the state - then we will also collectively own all that they provide, resulting in free access to all goods and services. People don't have to buy what's jointly theirs already.
Nothing will have a monetary cost with real socialism. In fact, money, having no function at all, will be redundant. People will still work, but the purpose will then be for meeting society's needs - not making profits for, and rewarding, a tiny minority class who have taken possession of the vital resources and machinery that make life possible.
Do you want to stick with council tax, local income tax, national income tax, value added tax, stealth taxes, National Insurance - a tax by another name - or get rid of the lot of them, along with the time-wasting, bureaucracy, confusion, stress and worry they cause, by choosing to have classless moneyless leaderless free access from democratic real socialism instead?
Mental well-being and Capitalism
Staff with depression were said to take an average 30 days off annually.
Those with stress were reported to be away for 21 days.
This confirms an earlier finding by a survey of 250 doctors . The poll of GPs reveals most believe firms do not do enough to prevent workers falling ill, and blame companies for failing those who are ill, and not doing enough to help them back to work.
94% of the doctors quizzed blamed employers for failing to take responsibility for their workers' health and well-being.
Capitalism is actually literally a depressing system to work under.
Thursday, May 31, 2007
Socialist Standard June 2007
Socialist Standard June 2007
Introducing the Socialist Party The Socialist Party is like no other political party in Britain. It is made up of people who have joined together because we want to get rid of the profit system and establish real socialism. Our aim is to persuade others to become socialist and act for themselves, organising democratically and without leaders, to bring about the kind of society that we are advocating in this journal. We are solely concerned with building a movement of socialists for socialism. We are not a reformist party with a programme of policies to patch up capitalism. We use every possible opportunity to make new socialists. We publish pamphlets and books, as well as CDs,DVDs and various other informative material. We also give talks and take part in debates; attend rallies, meetings and demos; run educational conferences;host internet discussion forums, make films presenting our ideas, and contest elections when practical. Socialist literature is available in Arabic, Bengali, Dutch, Esperanto, French, German, Italian, Polish, Spanish, Swedish and Turkish as well as English. The more of you who join the Socialist Party the more we will be able to get our ideas across, the more experiences we will be able to draw on and greater will be the new ideas for building the movement which you will be able to bring us. The Socialist Party is an organisation of equals. There is no leader and there are no followers. So, if you are going to join we want you to be sure that you agree fully with what we stand for and that we are satisfied that you understand the case for socialism. Print off the form on bottom of page 3 of Socialist Standard and send it to the Socialist Party for a free 3-Month trial of the Socialist Standard. Britains oldest Socialist journal published since 1904. Consistently making the case for socialism. |
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Wednesday, May 30, 2007
Butlers
The Guild of Professional Butlers is now reporting an explosion in the numbers of super-rich households who want to be waited on hand and foot.
There simply are not enough butlers .
Charles MacPherson, the vice-chairman of the International Guild of Professional Butlers explained . "If we doubled the number of butlers, they wouldn't be without work,"
Jane Urqhart, the principal of the Greycoat Academy which trains butlers, said that demand for "good butlers" was soaring.
"What's happened is that there has been a growth among those people with a lot of money who want to emulate the old traditions, such as having a butler. So they buy the manor house but they also want to hire someone from the days when the house was staffed by a butler..."
Ivor Spencer, 81, a butler with service in 14 of the grandest houses in England, runs a butler-training school and agency. He says that one can still expect certain standards from a butler .
Mr Spencer warns: "You must never do it just for the money. You must put the family before your own family."
Tuesday, May 29, 2007
Tesco drivers' strike
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Wealth Gap Widens
Sunday, May 27, 2007
Salesmen or Soldiers
Scotland on Sunday 27th May 2007
Carling takes on rivals with £7m new beer launch
by WILLIAM LYONS
CARLING, part of the US-based Coors group, is to wage a full-scale war on Scottish & Newcastle and Belhaven with the launch of a new beer and a multimillion-pound marketing push north of the Border.
It will spend £7m on launching a new dark beer, Maclachlan's, as it moves to outgun John Smith's and Belhaven Best.
Who will go down? Result of friendly fire!
enjoy your pint, if you can. even if it is launched at you.
Friday, May 25, 2007
The Bitter Price for Better Life
Spotted by a Maltese armed forces reconnaissance plane on Monday morning 80 nautical miles south of Malta, roughly halfway between the coast of Libya and the southernmost point of the EU. At around the same time, some of the 53 people on the boat, all of them from Eritrea, were begging their friends and relatives in Europe by satellite phone to help them, saying the boat's engine had stalled, that the sea was rising and that the boat risked being swamped. Calls were placed to Malta, towns in northern Italy and to London.
"We continued the search until dark," reported Malta's armed forces chief, General Carmel Varsallo, "extending the zone a further 10km in the hope of finding something, but found nothing."
Wednesday, May 23, 2007
The Big Dream
The Slow City
By the early years of the 21st century, more Glasgow voices increasingly question the city’s preoccupation with shopping begin to suffer consumption fatigue, and slowly renounce the addiction and thrill of compulsive shopping. By 2020 many have abandoned preoccupations with wealth, conspicuous consumption and rewarding talent with money. Instead there is a widespread sense that there are more profound issues at stake: finding some deeper meaning to life, investing time and love in bringing up children, caring for neighbours, the vulnerable and the old.
Kaleidoscope City
Glasgow has exploded into a kaleidoscope of diversity and visible vibrancy. The city is known for its open doors policy to newcomers and its tolerant cosmopolitan atmosphere. Waves of newcomers have arrived and been absorbed: the Poles, the Bulgarians, the Romanians, the Somalis, the Iraqis, the Lebanese. Old divisions and identities are barely remembered by the younger generations and new Glaswegians .
We of the Socialist Party will add our own option for the people of Glasgow to choose
Socialist City
Men and women of Glasgow , in co-operation with the peoples of the rest of the world , taking charge and taking responsibilty for their daily lives through a net-work of inter-linked decentralised democratically-controlled committees , based on local neighbourhoods and places of work , rising to regional and then world-wide administrations , which will decide production and distribution requirements of society , based not on the ability to pay -but upon need . The abolition of money . The abolition of prices and wages . The abolition of private and State property. A Glasgow of free access .
Abundance instead of Scarcity .
child poverty - again
Barnados have released their latest report on child poverty . One-in-four Scots children is living in poverty - 250,000 youngsters are currently living below the breadline ( that's families it said are living on less than 60% of the average household income , less than £301 for a couple with two children and £223 for a lone parent with two children, after housing costs) .
Martin Crewe, director of Barnardo's Scotland, said: "Today in Scotland children are missing out on what most of us would consider essentials. Although the Scottish Executive has taken steps to reduce child poverty, we should be ashamed that one-in-four children is still living in poverty in Scotland today, when the UK is the fifth-richest economy in the world."
Barnados recommend certain reforms . Free school meals for children with parents on the maximum working tax credit , a special commission to be established to identify the policies needed to meet the Scottish and UK governments' targets of halving child poverty by 2010 , an investment of £3.8billion .
We said it in an earlier blog .
"Poverty is an inescapable part of capitalist society. It can be abolished, but only when there is a fundamental change in how we organise society. That is way beyond any policies or even concepts of the Labour Party...Because it relies on the uncertainties of the market system and the use of money, the hope of any Labour government ending child poverty is impossible. Labour and Tory governments having been making the same promise for many years and they have all failed. "
The same will apply to any SNP Executive .
Tuesday, May 22, 2007
The War Business - Blood Money
Friday, May 18, 2007
A car for the very high rollers
In the UK, where it will go on sale in July, the car will cost some £325,000 when extras such as chrome wheels (£4,500), a brushed steel bonnet (£6,400) and a teak deck (£5,300) around the back seats are included.
At least 40% of its customers will be recruited amongst America's super-rich, though some 20,000 of the world's 85,400 ultra-high net worth individuals - people with more than $30m (£15m) ready cash at their disposal, as measured by CapGemini Merrill Lynch - are European, 3,700 of them British.
"The wealth factor is an important part of the market growth," points out Rolls-Royce Motor Cars' chief executive, Ian Robertson. "We're aiming to pick up about 1% of them each year. " - and that would be 800 out of a world's population of 6.5 billion .One American bid £1million in an auction to be the first U.S. customer. Rolls-Royce's chairman and chief executive Ian Robertson said: "Our customers are impervious to traditional marketing...Typically they have between £15million and £20million of disposable income but are extraordinarily keen on getting value for money. "
On average, Rolls-Royce's clients already own an average of seven or eight cars, along with three to five properties and in some instances a private jet (14%), or a yacht (7%).
Elsewhere Roberson says that Rolls-Royce has opened its fifth showroom in China in a hi-tech district of Chengdu, the luxury car maker announced.
"China is a very important market for Rolls-Royce, with sales in 2006 growing by more than 60 per cent, making the region our third largest market in the world behind the USA and the UK," .
An there is you and me struggling to just keep the motor on the road , too !!
Thursday, May 17, 2007
Rich and Poor - No Change After Blair
When you get old ...
The over-70s were found to have the largest unsecured debts, at an average of more than £40,000 .
Figures from financial education charity Credit Action showed that the number of over-60s with money worries increased faster than among any other age group last year, as pensioners grapple with rising energy and council tax bills.
With monthly repayments on that of over £450 and more than 38 percent of pensioners living on £10,000 or less per year, it means that some older people are using almost half of their annual income to service their debt.
Chris Tapp, deputy director of Credit Action, said: "Retirement should be a time for some well-earned relaxation, but for all too many it is a time of financial stress. "
In The Scotsman we read A total of 51% are prepared to extend employment into their old age in order to make ends meet . Elsewhere it found that that for someone earning a median weekly wage of £447, their pension income would fall to £223 - just £9 more than the minimum wage, based on a 40-hour week.
Poverty and debt , something to look forward to when you get old .
Wednesday, May 16, 2007
THEY CALL IT TRUTH?
Tuesday, May 15, 2007
What Price Slaughter
The value of an innocent civilian slaughtered at Haditha, Iraq, by U.S. Marines: $2,500.
The value of an innocent civilian slaughtered by U.S. Marines near Jalalabad, Afghanistan: $2,000.
Iraq - It was always about the oil
Monday, May 14, 2007
The Quick Fix
In particular prescriptions for a group of drugs known as SSRIs, which include Prozac, rose by 10% last year from 14.7 mllion to 16.2million . There have been fears that the drugs are linked to suicidal thoughts and self-harm in some cases. In 2003, experts said SSRI antidepressants should not be given to teenagers after experts' concerns they made some patients suicidal. However, Prozac is still recommended for under-18s .
Research cited by MIND , the mental health charity, says the UK is trailing behind other countries in the use of other therapies.
The Guardian reports that levels of suicide and self-harming are soaring in mental health wards where there are few activities, locked wards and constant surveillance .
"It [ the psychiatric hospital ] can feel like a prison and unsurprisingly if people are very distressed at the time that's when they are most at risk ..."
A spokeswoman for MIND said: "Hospitals are sometimes hindering people's recovery rather than helping them to recover. There's boredom and frustration with nothing to do; with nothing to do they will think more and more about their problems and the isolation they face. It can make people deteriorate..."
The Independent on Sunday last month revealed how children as young as 12 are being incarcerated with adults in psychiatric institutions and that those children and teenagers are physically and verbally abused, left without proper therapy and housed with seriously disturbed adults.
Department of Health statistics show at any given time nearly a sixth of all adults are experiencing depression or anxiety. Mental illness accounts for a third of all illness in Britain.
More than 1.3 million older people have a mental illness such as depression and this figure will rise as the age of the population increases.
One sixth of the population suffers from a mental health problem every day.
One million people on incapacity benefit suffer mental health problems.
Mental health accounts for one third of all illness and 40 per cent of all disability in Britain.
More than 1.3 million older people suffer from depression or other mental illness.
The psychological pressures and the human alienation that people feel and experience from the effects of Capitalism carries a heavy toll . Perhaps not ALL mental illness will disappear when Socialism prevails but we can guarantee that the rates will be far, far less and those unfortunate to suffer will not be swept under the carpet , to be locked up and drugged by pharmaceuticals .
Saturday, May 12, 2007
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Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria...