
Business as usual will not do it.

Business as usual will not do it.
If words were food, no one would go hungry
"Liverpool. A designer has produced the world's most expensive mobile telephone, featuring almost 200 diamonds and costing £1.92 million. The casing of the iPhone 3GS Supreme is made from 22-carat gold. The front bezel has 136 diamonds, while the Apple logo is made from 53 of the same jewels and the front button has a diamond of more than seven carats. Stuart Hughes, from Liverpool, took ten months to make the phone, which comes in a chest made of granite and Kashmir gold and lined with nubuck leather. It was commissioned by an anonymous Australian businessman." (Times, 30 November) RD
"The number of deaths during the coldest three months of the year was up almost 50 per cent on the previous year to 36,700, sending extra 10,000 pensioners to early graves, new figures showed yesterday. The rise in "excess winter mortality" for England and Wales for the three months to February was the biggest for years and the highest total in a decade, sparking fresh calls for ministers to combat high energy prices. ... As fuel bills have soared over the past six years, the number of households in "fuel poverty" defined as having to spend 10 per cent or more of their income on power and heat has risen five-fold to 6.6 million this year. Britain has a worse record on winter deaths than colder European states such as Sweden, Norway and Finland. Age Concern, the charity for the elderly, warned that unless heating was made more affordable, further large-scale deaths would occur this winter. ... Last winter more than 90 per cent of deaths were pensioners, who are among the least able to afford heat but the most vulnerable to cold-related disease, such as seasonal flu, hypothermia, bronchitis and emphysema." (Independent, 25 November) RD
From time to time politicians like to spread the lie that modern politics is a very complicated complex subject and that is why we need clever people like them to administer capitalism.
Part of this fiction is supported by what they choose to call "think-tanks." Recently the Tory party leader David Cameron has given his support to Phillip Blond's new organisation rather grandly titled "ResPublica". The political sketch writer Ann Treneman went along to the launch of this new organisation to try and find what it stood for. She was completely baffled.
"The label that the great and the good have given to Mr. Blond is "philosopher king". Not only is he a blond who is a brunette but he is also something called a red Tory, which I am told is a blend of Catholic social thought and a critique of the effects of economic neo-liberalism. Since I have almost no idea what that means, I was looking forward to the speech, which was his vision of a "radical transformative conservatives".
"I listened closely and can report that this is radical transformative conservatism at its deepest: abstract, abstruse, and quite possibly, total gobbledygook."
Political sketch writers are notoriously flippant and renowned for taking the Mickey, but to be fair to Treneman she has certainly got a point when she directly quotes Blond on human relationships.
"These associations themselves are not post-modern verities; they are arbitrary collections of whim and sophistry arrayed against the void." (Times, 27 November)
Before you go searching for a dictionary trying to decipher that utterance lets go with Treneman's description "total gobbledygook".
Don't rely on experts.
"Even as th e financial system collapsed last year, and millions of investors lost billions of dollars, one unlikely investor was racking up historic profits: John Paulson a hedge fund manager in New York. His firm made $20 billion between 2007 and early 2009 by betting against the housing market and big financial companies. Mr Paulson's personal cut would amout to $4 billion, or more than $10 million a day. That was more than the 2007 earnings of J.K. Rowling, Oprah Winfrey and Tiger Woods combined".
"According to consultants AT Kearney, the richest 1pc in the UK hold some 70pc of the country's wealth. That there is this divide between rich and poor is not exactly new but the scale of it, and the likelihood that it is not being narrowed by the financial crisis, is a big worry. Indeed, according to the report, in the US the amount of financial assets owned by the richest 1pc in the US is far, far lower at 48pc, and only 34pc in Australia. This must, to a large degree, be due to the fact that the UK set itself up in recent years as a haven for the super-rich, with its relatively generous rules on capital gains tax, because the income tax system itself is rather more redistributive than in the US. But the Kearney report is interesting because, unlike the traditional measure of inequality, the gini coefficient, it focuses not on income (the flow of money) but on actual substantive wealth (the stack of it that sits beneath us)." (Daily Telegraph, 25 November) RD

While the "Cash for Appliances" programs will vary by state, some of the
proposed rebates that have been annouced so far, range from $50 to £100 per item
"After what it must have deemed a decent interval since triggering a furore over its attack on traders and bankers as "robbers and assassins" last year, the Church of England is shamelessly seeking more yield. Just to refresh your memory, Rowan Williams, the archbishop of Canterbury and head of the Anglican Church, last September said it was right to ban short selling, while John Sentamu, archbishop of York, called traders who cashed in on falling prices "bank robbers and asset strippers". But the Church Commissioners had a tough year in 2008, as the Church's total assets dropped from £5.7bn to £4.4bn, a 23 per cent fall over the period. Clearly, faith alone was not enough. As the FT's People column reports on Wednesday in an appropriately headlined piece "God meets Joy", the Church of England has appointed fund manager Tom Joy to run its £4.4bn investment portfolio from a "very strong field of more than 70 applicants". (Financial Times, 6 August) RD
"A gas explosion tore through a state-run coal mine in Northern China, killing 42 people and leaving 66 others trapped underground. More than 500 people were working in the Xinxing mine in Heilongjiang province at the time. In the first nine months of this year, China's coal mines have suffered 11 major accidents with 303 deaths." (Observer, 22 November) RD

Jacob Selechnik at his office in the Bronx, from which he oversees an empire of
apartment houses
These jet-black gloves fuse bangles with supple leather for dramatic effect. The statement piece of the season - with a price to match. Price: £2,345: (Independent, 9 November) RD
"Britain may still be in recession, but the appetite for the finer things in life, it appears, lives on. Topping all expectations, Bonhams, the upmarket auction house, last week sold a decanter of whisky to a bashful buyer for a record-breaking £27,600. The unique Dalmore Oculus, blended from some of the most exceptional whiskies of the past 140 years, had been expected to reach up to £20,000. Instead it raised the largest amount of money ever paid for a Dalmore whisky. The buyer asked to remain anonymous." (Observer, 22 November) RD
"The head of Goldman Sachs apologised for the Wall Street investment bank's role in helping to create the financial crisis. After being ridiculed for saying he was doing God's work, and seeing his company labeled as a blood-sucking vampire squid, Lloyd Blanketing delivered a mea culpa to a conference in New York.
"We participated in things that were clearly wrong and have reason to regret," Blankfein said. "We apologise."
So that's all right then." (Observer, 22 November) RD
In a Socialist Society technical innovation can be welcomed as a further reduction in repetitive work and a further increase of opportunity to use the time saved for developing your interests: In a Capitalist Society technical innovation becomes a further opportunity for employers to increase their profits and reduce the number of workers.
Scotland on Sunday's article about "Smart Meters" is an example of this process.
SMART meters will be the biggest revolution in the power industry since North Sea gas was discovered, and legislation enabling their use should be pushed through parliament before the general election, says the head of the Energy Retail Association (ERA).
Garry Felgate said he expects an announcement on the roll-out of smart meters for residential customers to accompany next month's pre-budget report from Chancellor Alistair Darling
He said bills might also be reduced because utility companies would be able to save money on administration and postage costs associated with sending out amended bills when customers are unhappy with estimated amounts.
"The new meter technology will streamline a lot of our internal procedures, helping to improve account handling and turnaround times for processes like a change of tenancy or a change of supplier. Fundamentally, they will make it easier for our customers to do business with us."
Darling's pre-budget report is also expected to be accompanied by an outline for the UK government's "social pricing support" under which the ERA expects Westminster to define which customers need support.
I'm sure banks will be happy enough to lend the necessary capital in this stringent period to facilitate the energy bosses impatience, however, bills might be reduced, so it shows they're thinking about us.
While President Obama's decision about sending more troops to Afghanistan is primarily a military one, it also has substantial budget implications that are adding pressure to limit the commitment, senior administration officials say.
The latest internal government estimates place the cost of adding 40,000 American troops and sharply expanding the Afghan security forces, as favoured by Gen. Stanley A. McChrystal, the top American and allied commander in Afghanistan, at $40 billion to $54 billion a year, the officials said.
Even if fewer troops are sent, or their mission is modified, the rough formula used by the White House, of about $1 million per soldier per year, appears almost constant.
So even if President Obama opts for a lower troop commitment, Afghanistan's new costs could wash out the projected $26 billion expected to be saved in 2010 from withdrawing troops from Iraq. And the overall military budget could rise to as much as $734 billion, or 10 percent more than the peak of $667 billion under the Bush administration.
Such an escalation in military spending would be a politically volatile issue for Mr. Obama at a time when the government budget deficit is soaring, the economy is weak and he is trying to pass a costly health care plan.
( New York Times 14th November)
American politicians are fond of lecturing other world politicians about how the USA is a wonderful model of democracy in action. A recent study on the wealth of U.S. Congress would seem to suggest that they have a wonderful model of "government of the people by the people- " by the rich people that is" Apparently, times aren't so tough all over. According to a new study compiled by the Centre for Responsive Politics, 237 members of the U.S. Congress, or 44 percent, are millionaires. "What's easy to see is that the economic reality of our elected officials is not reflective of the general population," said Dave Levinthal, who helped compile the study's findings. Nationwide, only 1 percent of U.S. citizens qualify as millionaires.""Gen. Eric Shinseki was famously shunned by the Bush administration for daring to state the true costs of occupying Iraq. As President Obama's secretary of veterans affairs, he is, thankfully, no less candid about the grinding problems veterans face at home. They lead the nation in depression, suicide, substance abuse and homelessness, according to data that Mr. Shineski is delivering in salvos in his current role. About one-third of all adult homeless men are veterans, and an average night finds an estimated 131,000 of them from five decades bedding down on streets and in charity sanctuaries. About 3 in 100 of them are back from Iraq and Afghanistan. The problem of homelessness for Vietnam veterans is, shamefully, well known. But the men and women in this growing cohort took just 18 months to find rock bottom, compared with the five years-plus of the previous generation's veterans." (New York Times, 11 November) RD
It used to be popular for supporters of the so-called Communist Party to decry Imperialism. They would point out how Britain had exploited Africa and India during their colonial conquests. Later on they would concentrate on the role of the USA in Central and South America. Changed days now with China investing heavily in all sorts of corrupt regimes throughout Asia and Africa. "Barely a fortnight after soldiers loyal to Guinea's military junta butchered at least 150 demonstators calling for civilian rule, a deal for oil and mineral rights worth about $7 billion has been struck between China and Guinea. ...It seems that China's commercial march across Africa will continue unabated, however vile the human-rights record of the government it seeks to befriend." (Economist, 17 October) RD
One of the condition of attaining sainthood according to the Roman Catholic Church is two miracles. One gets you beatified and the other gets you canonised. It is understood that the Pope may beatify Cardinal Newman during his visit to the UK next year, but the claim of an American clergyman may bring on the full sainthood. According to Deacon Jack Sullivan, from the archdiocese of Boston, Massachusetts he was afflicted with a serious spinal condition causing intolerable pain with utterly no prospect of relief. He was told he was on the brink of complete paralysis. "I was completely helpless and the situation seemed hopeless. But it was this state of mind that led me to prayer. ..."Please Cardinal Newman, help me to walk, so that I can return to my classes and be ordained". (Times, 10 November)
Next thing the clergyman was up and walking, something he hadn't been able to do for months. Amazing as this may seem - and certainly a boon to a hard pressed NHS - it pales into insignificance according to the same newspaper report when compared to an earlier miracle.
"In the Miracle of Calanda in the 17th century, the amputated leg of a young Spaniard grew back."
They just don't have miracles like that nowadays, do they? RD
Warren Buffett is considered
one of the world's greatest investorsBillionaire Warren Buffett's investment firm has reported that profits almost tripled in the third quarter. Berkshire Hathaway said it's net profit was $3.2bn ( £1.9 bn ) in the three months to September, compared with the $1.1bn in the same period last year. ( BBC News 8 Sept 09) RD
On the poverty front, capitalism may be 'lifting millions out of poverty' in India, but an article on McDonald's in that country (Toronto Star 18/Oct/09) tells us that the mashed potato sandwich is the highest grossing product and sells for 50cents. For the 456 million (that would be the third largest nation on earth) that live on $1.25 a day (World Bank) even that might be a bit of a stretch- In Toronto, food banks fell well short of their Thanks giving goals and the recession is blamed. Maybe McDonalds should be selling the mashed potato sandwich here.
Capitalists always take the prize for audacity. As Ontario's telecommunications manufacturing firm, Nortel, divvies up its assets, CEO Mike Zafirovski is requesting $12.3 million, while employees on long term disability are ignored and left to expect to exist on $10 000 per annum.
Oil tycoon, T. Boone Pickens told US Congress that US energy companies are entitled to some of Iraq's crude, because of the large numbers of American troops that lost their lives fighting in the country and the large amount of taxpayers' money spent there.
At a conference in London, Goldman Sachs international advisor, Brian Griffiths, praised inequality. As his company was putting aside $16.7 billion for exec's compensation and benefits for the first nine months of the year (up 46% from a year earlier), Griffiths told us not to worry, "We have to tolerate inequality as a way to achieve greater prosperity and opportunity for all." John Ayers
Food For Thought
"The food industry is making us sick", said CNN's Rudy Ruiz (Toronto Star 11/Oct/09). Costs of Obesity are estimated at $147 billion, diabetes $114 billion in the US. John Hopkins US researchers estimate in another 6 years, three quarters of Americans will be overweight or obese and already
26% of children entering kindergarten are overweight. Similar statistics could apply to several "developed countries, of course. How does this come about?
When US farmers were coping with chronic corn gluts in the 1960s and 70s, Earl Butz, agricultural secretary in the Nixon administration, unveiled a program of subsidies for farmers, school lunches, and alterations in food processing allowing corn to become a mainstay of the American diet. Canada followed suit. This ushered in the era of cheap, bad, fast food. Now the call to put this right is facing a tough challenge from farm-state politicians and fast food lobbyists.
Again, it's not what's right that counts, but what makes the most money for the owning class. John Ayers
"Could you imagine how much money you would have to have to be able to spend $609,000 a day? What would you expect to receive for that amount of money? Who has that kind of money to spend, especially during a "recession"? According to the latest issue of Time magazine, in the first 6 months of this year, the pharmaceutical industry spent about $609,000 a day to influence lawmakers. Can you imagine the financial payoff they must expect to get to be able to spend that kind of money? This does not include all the money they spend on advertising as well. The drug industry has 1,228 registered lobbyists. This equals 2.3 lobbyists for every member of congress. Obviously, the pharmaceutical industry does not want to be left out of the current healthcare reform debate and are willing to pay handsomely to make sure they aren't. The return on that investment has already been considerable. As drug lobbyist Jim Greenwood says, "We've done very well." (Dr Brian's Blog, 26 October) RD
"New figures from Credit Action show that a property is repossessed every 11 and half minutes as the recession begins to bite. The debt organisation also said that 9,300 people are visiting Citizens Advice every day as their struggle to cope with their personal debts. Total UK personal debt at the end of September 2009 stood at £1,459bn. The twelvemonth growth rate remained at 0.8pc said Credit Action." (Daily Telegraph, 3 November) RD
"GlaxoSmithKline is getting rich from swine flu vaccine sales. GSK, which has already sold 440m doses of its vaccine Pandemrix worldwide, said sales would hit £1bn this quarter. GSK confirmed in July that it would cost developed countries about 7 Euros (£6.30) for each dose, but it has declined to reveal production costs amid speculation it costs as little as £1 a dose to make." (Observer, 1 November) RD
"As workers up and down the UK sat at home last week worrying about whether they would still have a job in a month's time, a raucous crowd of hedge fund managers and investment bankers at the Whisky Mist nightclub in Mayfair pulled yet more vodka out of their huge ice bucket and called for the waiter to bring another bottle of Dom Perignon, served with a sparkler. ...In London nightspots last week, the City's finest were spending with a swagger. ...As City workers once again prepare for corporate excess, and investment banks such as Goldman Sachs get ready to pay record bonuses, new bars, restaurants and nightclubs are springing up around the office tower blocks in the City and Canary Wharf to feed demand." (Observer, 1 November) RD
HUMAN EVOLUTION
"Despite evidence that human evolution still functions, biologists concede that it's anyone's guess where it will take us from here. Artificial selection in the form of genetic medicine could push natural selection into obsolescence, but a lethal pandemic or other cataclysm could suddenly make natural selection central to the future of the species. Whatever happens, Steve Jones, an evolutionary biologist at University College London says, it is worth remembering that Darwin's beautiful theory has suffered a long history of abuse. The bastard science of eugenics, he says, will haunt humanity as long as people are tempted to confuse evolution with improvement. "Uniquely in the living world, what makes humans what we are in our minds, in our society, and not in our evolution," he says." (TIME, 23 October) RD

A crop of genetically modified canola grows in a field in Lake Bolac, in
the Western District of Victoria, Australia, Sept 29 2009
Women spreading wet rice to dry in Bangladesh after record rains in July

LEXUS

Chris Kelsey, right, director of the C.R. England truck driving school in Burns
Harbor, Ind., received several hundred applications for an administrative
assistant position that was eventually filled by Tiffany Block, 28.


Sheri West operated a shelter for homeless people, but last year she lost her
home in Cleveland and had to sleep in her car.

Reuters – BYD (Build Your Dreams) president Wang Chuanfu sits inside
the BYD E6 Electric Car
Almost one in three households in Glasgow have no wages coming in, official statistics have revealed.
Figures released by the Scottish Government show 62,000 households in the city - 28.9% of all homes - had no working-age adult in employment last year. That puts Glasgow behind the national average of 24%. The stats also reveal a shocking 22,900 children in Glasgow live in a workless home.
The director of the Glasgow-based Poverty Alliance, branded the figures a "scandal".
"There is little doubt that unemployment means that people will struggle to afford the basics in life. For these families heating their home and putting food on the table is the challenge. In the 21st century that is quite clearly a scandal. We know that children in workless households, living in poverty, will have less chance in life than children from better-off backgrounds.We know that their education will be adversely affected and they are more likely to suffer health problems. The danger is that we perpetuate a cycle of worklessness and limited opportunity."
Capitalism cannot be reformed for the benefit of the working class and sooner the well meaning realise this fact , the sooner , we can begin the dismantling of the capitalist system .

Iranian President Mahmoud Ahmadinejad, who has been sparring with President
Obama over whether Iran is developing the technology nuclear weapons.

Church and the City: bankers are said to have lost their way, with the financial
crisis being partly blamed on a culture of greed

Modern Slave
"After crossing half of Africa and surviving a perilous boat trip from Libya in search of a better life in Italy, Boubacar Bailo is now contemplating suicide. One of an army of illegal immigrants hired to harvest tomatoes in the Puglia region, Bailo squats in a fetid cardboard shack restlessly waiting for a call to the fields. Every year thousands of immigrants, many from Africa, flock to the fields and orchards of southern Italy to scrape a living as seasonal workers picking grapes, olives, tomatoes and oranges. Broadly tolerated by authorities because of their role in the economy, they endure long hours of backbreaking work for as little as 15-20 euros ($22-$29) a day and live in squalid makeshift camps without running water or electricity."