Saturday, March 24, 2012
selling yourself
Brazil, along with India, has long led the way in the lucrative global market in human hair. In the past few years, demand from UK businesses for human hair extensions has increased significantly, according to industry reports. The UK is now the third-largest buyer of human hair worldwide, behind the US and mainland China.
"As the demand outweighs supply, the price for the hair has increased. Which is one reason more people consider selling their hair as it is now considered a valuable commodity." says Emma Furlong, spokesperson for the UK's biggest supplier of wigs to the NHS, Trendco
Quality is an important factor. What is known as "virgin hair" - hair that has not has any treatments or colouring - is the most sought-after. A lot of Indian hair - known as remy hair - falls into that category, and has long been popular in the US, China, the UK and other parts of Europe. Ninety-five per cent of human hair is imported. In terms of Europe, a lot of it is sourced in Poland and Italy. Recently, however, there has been an increase in the appetite for "European hair". Trendco, says there is a shortage of the "softer" European kind. "European hair is finer in density and texture than Asian hair and so is very popular for human hair wigs and extensions, especially in EU countries where this integrates better with a client's own hair," says Emma Furlong. It is difficult to get natural, adult hair that is blonde. About 90% of the world's population has dark brown hair and the rarity of the hair colour will dictate the price. Blonde hair can cost up to three times as much as dark hair. The price for 100g of blonde, European hair is about £1,000. Graham Wake, owner of Bloomsbury Wigs in central London, says he has noticed a two-fold increase in the number of people from the UK selling their hair for money.
Human hair can be used to make an additive that is found in foods such as the dough for pizza crusts and bagels. It is a rich source of L-cysteine, an amino acid that can be extracted from hair and used as a flavour enhancer or flour improver. It is sometimes listed as E920 on food packaging. As well as being found in dough it can be used to give food a meat-like flavour, especially in dog food. Ten to 15 years ago human hair was a main source of L-cysteine, mainly produced in China. As more people found out where L-cysteine came from they thought 'yuck, human hair, don't fancy that'. More Chinese people also started perming their hair, which made extracting the amino acid more difficult. Now L-cysteine comes mainly from chicken and duck feathers, which can be collected in larger quantities than hair. In recent years it has also started to be manufactured synthetically.
http://www.bbc.co.uk/news/magazine-17043055
http://news.bbc.co.uk/1/hi/magazine/8753698.stm
Friday, March 23, 2012
Docs Get Ready to Fight
Dr Dean Marshall, outgoing chairman of the BMA's Scottish General Practitioners Committee, said doctors north of the Border had been let down by Holyrood's inaction and the Scottish Government's "complicity" with Westminster on the issue.
Dr Marshall said: "Is it fair for NHS staff to be taxed for the Government's failures to properly regulate the banking sector? And while the Scottish Government argues it does not agree with these plans it appears to be going along with the UK Government and is therefore complicit in taxing public-sector workers for the failures of the private sector. Scottish ministers could seek to do something different and I urge them again to find that solution – not just invite us to new talks"
Dr Marshall said doctors were unhappy that pension reforms were being "foisted" on them just four years after they agreed substantial changes to their package.
He added: "We agreed to tiered contributions where higher earners contributed more than lower paid workers. We agreed to the increased retirement age of 65 and we agreed to a cap on employer contributions so that the taxpayer would not pay for any future shortfall in the scheme. These changes worked and the NHS Pension Scheme is in surplus to the Treasury to the tune of £2 billion, and this is projected to continue into the future."
Taken for a ride
The Rail, Maritime and Transport Workers union (RMT) said franchise holder ScotRail paid dividends of £18 million in 2010, £18m in 2009, £17m in 2008 and £21m in 2007.
"In two of these years, ScotRail actually paid more in dividends than it made in profit, leading to the obvious conclusion that because it does not contribute anything towards investment in the railway or rail infrastructure, and with the level of Government subsidy even covering its track access charges, it is simply milking Scotland's railway."
http://www.heraldscotland.com/politics/political-news/scotrail-dividends-add-7-to-cost-of-fares.17085971
Thursday, March 22, 2012
HEALTH AND HYPOCRISY
ART AND AUSTERITY
THE PRICE OF PLATINUM
Music to their ears
work til you drop
John Lawson, head of pension policy at Standard Life, said a child born this year may have to work through their seventies.
Wednesday, March 21, 2012
WINNERS AND LOSERS
THIS IS CAPITALISM
HUNGRY FOR PROFITS
Countries like Germany and Poland outlaw the “gavage” method of feeding, while California prohibits the sale of foie gras. the European Union has planned to stop, from 2019 onward, the production of this traditional cuisine. Currently, Hungary, which used to be the second-biggest producer, has gradually decreased its output. Israel, another major producer in the past, has also discontinued its production. Last year, some French foie gras producers were shut out at the Cologne International Food Fair.
So it is not altogether surprising that production is shifting eastward to China. The world’s biggest goose farm and foie gras factory will soon be established on the banks of Poyang Lake, Jiangxi Province, China. The American investment company Creek Project is said to be putting $100 million into the venture. The planned Poyang Lake project will raise around two million geese and eight million ducks annually. China already produces an estimated 1,000 tons of foie gras per year, double its output in 2006. France still remains No. 1 with about 20,000 tons a year.
Tuesday, March 20, 2012
Bruce - the invader
Bruce, like all his family, had a complete belief in his right to the throne. However his actions of supporting alternately the English and Scottish armies had led to a great deal of distrust towards Bruce among the “Community of the Realm of Scotland”. His ambition was further thwarted by John Comyn, known simply as the Red Comyn and another lord of Norman origin. English records still in existence today state that the Comyn murder was planned in an attempt to gain the throne of Scotland. For this reason King Edward of England wrote to the Pope and asked for his excommunication of Robert Bruce. Barely seven weeks after Comyn was killed in Dumfries, Bruce was crowned King of Scots
Bruce's struggle for the Scottish crown wasn't an enterprise born of patriotism. Bruce's motives appear to be slightly more self-serving than that. The ascension of his family to royalty seemed more central to his long-term plans than Scottish liberation from English rule.
The facts speak for themselves. Both Bruce and his father supported Edward I's invasion of Scotland in 1296, hoping to gain the crown after Balliol's fall. They were understandably disappointed when Edward proceeded to install himself as king. In 1297, Bruce, encouraged by Bishop Wishart, raised the standard of revolt at Irvine (the reason why he was absent at the Battle of Stirling Bridge). However, the rising failed and Bruce, rather than join Wallace after the Scots victory at Stirling Bridge, kept a low profile until he could determine what the English reaction would be. Bruce was also absent at the Battle of Falkirk, in which Wallace's army was devastated, but seems to have made an effort to help by burning the town of Ayr in order to deny it to the English as they returned south.
In 1298, after the Scots defeat at Falkirk, Bruce and John Comyn replaced Wallace as Guardians of Scotland. They soon quarrelled however, Comyn being a supporter of Balliol's claim to the throne, and Bruce was 'replaced' a year later. He continued to fight on until it seemed Balliol was about to return, then, once again, he submitted to the English king, hoping for recognition of his claim to the throne. So Bruce wasn't adverse to switching sides in pursuit of his goal, and this wasn't irregular practice amongst noblemen in pursuit of power at the time. The rhetoric of the Declaration of Arbroath, 22 years later – "For as long as a hundred of us remain alive, we shall never on any conditions be subjected to the lordship of the English" – was never Bruce's rhetoric, for he had appealed to English lordship on more than one occasion.
In the early 14th century, Ireland was divided between Irish dynasties and Anglo-Irish lords who ruled parts of Ireland. The Dark Age Kings of Alba had been intensely proud of their Gaelic-Irish origin and Bruce wrote as king asking them to free "our nation" (meaning both Scots and Irish) from English rule. Edward Bruce may also have had a reasonable claim to the Irish high kingship. He was supported by Ireland's most powerful king, Domnall Ua Neill, a kinsman of Robert and Edward through their maternal grandfather. Robert appealed to the native Irish to rise against Edward II's rule, and some have seen this as a cynical manipulation of Gaelic sentimentalism. Bruce popularised an ideological vision of a "Pan-Gaelic Greater Scotia" with his lineage ruling over both Ireland and Scotland. This propaganda campaign was aided by two factors. The first was his marriage alliance from 1302 with the de Burgh family of the Earldom of Ulster in Ireland; second, Bruce himself on his mother's side of Carrick, was descended from Gaelic royalty in Scotland as well as Ireland. Bruce's Irish ancestors included Eva of Leinster (d.1188), whose ancestors included Brian Boru of Munster and the kings of Leinster. Thus, lineally and geopolitically, Bruce attempted to support his anticipated notion of a pan-Gaelic alliance between Scottish-Irish Gaelic populations, under his kingship. This is revealed by a letter he sent to the Irish chiefs, where he calls the Scots and Irish collectively nostra nacio (our nation), stressing the common language, customs and heritage of the two peoples:
"Whereas we and you and our people and your people, free since ancient times, share the same national ancestry and are urged to come together more eagerly and joyfully in friendship by a common language and by common custom, we have sent you our beloved kinsman, the bearers of this letter, to negotiate with you in our name about permanently strengthening and maintaining inviolate the special friendship between us and you, so that with God's will our nation (nostra nacio) may be able to recover her ancient liberty."
The diplomacy worked to a certain extent, at least in Ulster, where the Scots had some support. The Irish chief, Donal O'Neil, for instance, later justified his support for the Scots to Pope John XXII by saying "the Kings of Lesser Scotia all trace their blood to our Greater Scotia and retain to some degree our language and customs."
However, the Scots failed to win over the non-Ulster chiefs, or to make any other significant gains in the south of the island, where people couldn't see the difference between English and Scottish occupation. The Irish Annals of the period described the defeat of the Bruces by the English as one of the greatest things ever done for the Irish nation due to the fact it brought an end to the famine and pillaging brought on the Irish by both the Scots and the English. Edward Bruce's bid for the high kingship ended when he was slain in 1318 at the Battle of Faughart .
The whole expedition does show, however, just how ambitious the Bruce family were. The attack on English-ruled Ireland could be perceived as ploy to split English forces and, hence, better defend Scotland, but Edward Bruce did have a serious ambition to rule Ireland as the King. Would the Bruces have stopped at Ireland and Scotland? Or would Wales have been their next target, in a sort of United Celtic Kingdom?
PROFITS AND POLLUTION
EDUCATION AND NUTRITION
EDUCATION AND EXPLOITATION
who owns the sea-side?
“The point is to conserve these assets and maximise the benefits to the island and coastal communities most closely involved with them.The only way this can be done is by devolving as much of the responsibility – and benefit – down to those local communities as possible.”
Socialist Courier previously but briefly touched upon this subject when it highlighted the continued existence of the Viking-derived Udal law found in Shetland. Scottish Courts have acknowledged the supremacy of Udal law in property cases and in particular about shore ownership rights, where it declared that the Shetland community owns the sea and seabed around its isles. The Crown Estate had to admit the supremacy of Udal Law.
The old neglected again
The RCN warned there was a danger that “care becomes compromised” and said that many nurses say “they are too busy to provide the standard of care they would like”. The report said: “Older people in Scotland are being let down by a lack of professionally qualified nurses in hospitals, despite nationally agreed planning for the nursing workforce. Despite older people often having the most complex needs, the evidence suggests that they regularly suffer from a severe shortage of nurses and healthcare support workers (HCSWs), coupled with an inappropriate skill mix of HCSWs to nurses."
The RCN called for a “patient guarantee” to set out the number of nurses needed on older people’s wards.
It emerged the number of nurses in Scotland’s hospitals plummeted by thousands in just over two years, with further nursing posts lost during the last few months of 2011. The RCN said the number of nursing and midwifery staff employed in Scotland had fallen by 2,190 between September 2009 and the end of 2011.
According to the RCN Scotland director, Theresa Fyffe, the number of nurses employed was at a six-year low. She said: “As health boards come under increasing financial pressure to deliver the same services to more and more people, they are saving money when nurses leave by not replacing them or by replacing them with nurses and healthcare support workers at lower-paid bands."
The charity Age Scotland demanded dramatic improvements to care services in the community, to keep older people “safe and out of hospital”.
Sunday, March 18, 2012
Scotlands water
Last week the Environment Agency warned parts of England were facing a drought this year. Seven water companies have announced hosepipe bans in the southeast from next month. It is not just the southeast of England that is short of water. According to the latest United Nations (UN) water report, published last week, there are a billion people across the world who do not have access to safe drinking water, and the number is rising.
Droughts and water shortages are common across large parts of Asia, Africa and the Middle East. Two-thirds of the Arab region's available surface water originates from outside of the region, leading to many conflicts with upstream countries. Experts have often predicted that "water wars" will break out in the Middle East as nations struggle to feed their people and water becomes scarcer. At the UN World Water Forum in France, the former Soviet president, Mikhail Gorbachev, warned there was no substitute for water. "The deficit of fresh water is becoming increasingly severe and large scale," he said. "Continuation of water consumption at 20th-century rates is no longer possible."
In his book, Peak Water, Scottish writer and a political adviser to the Scottish Government, Alexander Bell imagines the decimation of Dubai, leaving hundreds of thousands dead. "The great monument to 21st-century civilization lies in ruins, shattered into the sand like so many before," he wrote. "Not long before the world had fought over oil, but now water is the prize."
In another scenario, he has both Chicago and Toronto smashed into "twisted steel and broken concrete" after a war between the US and Canada over access to water. Canada is one of the wettest countries in the world, but the US is growing short of water, partly because it consumes two and half times more per person than Europe. Debates have raged for decades over whether Canada should sell water to its southern neighbours. The US problem is illustrated by Las Vegas. To sustain the city's two million people, water is brought 1400 miles from the Rockies by the Colorado River via a vast artificial lake created by the Hoover Dam. "This may be a sure case of ecocide," observed Bell. "Las Vegas can only die, and within our lifetimes, because the water supply is running out."
Even in Europe, as many as 120 million people lack access to safe drinking water. "Water resources are under pressure in many parts of Europe, and it is getting worse," warned Jacqueline McGlade, the executive director of the European Environment Agency, based in Copenhagen. "With climate change making water supply less predictable, it is extremely important that Europe uses water more efficiently for the benefit of all its users. Water resources should be managed as effectively as any other natural asset owned by countries." Farmers, who use about a quarter of Europe's water, need to adopt less wasteful ways of watering their crops like "drip irrigation" , she said
Large parts of Spain, France, Ireland and the southeast of England are shown to have "extreme water stress". The whole of Italy and other parts of France, Spain and England are said to be enduring "water stress", while Scotland has "no stress".
First Minister Alex Salmond views Scotland's water is a natural resource with the potential to swell the national coffers by selling it to England. Salmond suggested that Scotland could help alleviate the long-term shortages. "..you would sell it on...as an ongoing commercial transaction." The Scottish Government said Scottish Water could make a profit out of selling water to England. But the idea of selling water to England has run into criticism from other experts, who warn that it would be impractical, polluting and expensive. "It is not simple," said Dr Jon Hargreaves, chief of Scottish Water for six years until 2007 and now chair of the British Waterways Scotland Group. "Ultimately, it depends on the market.
Chris Spray, a professor at Dundee University's water centre and a former director of environmental science at the Scottish Environment Protection Agency explained that it raised a series of difficult questions about ecological damage, costs and ownership. Dr Sarah Hendry, another Dundee University specialist said exporting water would also mean that you would have to turn it into a commercial commodity, which would open up the difficult political issue of who should own and benefit from Scotland's water. Scotland's water has no legal owner.
http://www.heraldscotland.com/news/home-news/pipe-dreams.17056511
Saturday, March 17, 2012
PUBLIC MEETING ADMISSION FREE
We don't micro-credit it
Mohamed Yunus, the Nobel Peace Prize winning economist, hopes to raise £1m ($1.56m) in coming months to open the first European branch of his Grameen Bank in Glasgow by the end of the summer. Under its business plan for Glasgow, which will be overseen by experienced managers from Bangladesh, Grameen expects to raise £3m over three years and lend an average of £1,000 to 1,500 borrowers at an interest rate of 19.8% a year.
Rushanara Ali, the Labour Party’s spokeswoman for international development, welcomed the symbolism of experts coming from a developing country to share their knowledge “If they’ve got solutions that work somewhere else, it doesn’t do us any harm to look at how we adapt them,”
Unfortunately Yunis mico-credit schemes are NOT the panacea for poverty. Thomas Dichter of the Cato Institute - “In Bangladesh, 30 years after Yunus’s invention, poverty statistics are worse than they’ve ever been, so something else is the source of the problem and micro-credit is not helping.”
And Socialist Courier asserts that the source of the problem is property, not the lack of riches. Private property and poverty are twins born of the division of society into classes. To end poverty you have to end private property and wage-slavery.
See our companion blogs related posts.
http://socialismoryourmoneyback.blogspot.com/2010/11/yunis-and-micro-credit-myths.html http://socialismoryourmoneyback.blogspot.com/2011/08/microfinance-fails-poor.html http://socialismoryourmoneyback.blogspot.com/2011/05/poverty-of-micro-finance.html http://socialismoryourmoneyback.blogspot.com/2012/03/micro-credit-bubble.html
http://socialistbanner.blogspot.com/2007/12/can-ethical-capitalism-work.html
http://socialistbanner.blogspot.com/2012/01/micro-debt-slavery.html
WHOSE LAND?
Andy Wightman, an authority on land-ownership in Scotland, is calling for answers from ministers and the local council. "This land is crown land. It is Scottish public land. It should be administered by Scottish ministers, as nearly all other historic castles, palaces and royal parks are. No public money should be needed to acquire control of this land, least of all the bulk of Stirling's common good fund. Why...is the Scottish Government sitting idly by while a common good fund is raided to pay for public land that already belongs to us, to be given away to a private golf club for 175 years? It is time to stop this madness."
King's Park Community Council wrote to the council: "In our opinion this is a serious mistake given that the recommendations about to be published in the Scotland Bill give every indication that Crown Estate management in Scotland will be returned to Scottish ministers."
Friday, March 16, 2012
$250 MILLION? CHICKENFEED!
GROWING OLD DISGRACEFULLY
Thursday, March 15, 2012
THE OLYMPIAN SPIRIT?
NHS rationing
Prostate cancer is the most common cancer in men in Scotland, with 2700 cases diagnosed every year. It kills two men every day. There are 19,000 Scottish men currently living with the disease.
Last October, Alex Salmond, the First Minister, signed up to a charter calling for better treatment for patients.
The Scottish Medicines Consortium has denied Scottish men a drug that prolongs life. It said the cost of abiraterone at £3000 a month did not justify the health benefits – even though it can extend lives by more that three months .
In a letter to the Scottish government, sufferer John Thomson writes "It is a disgraceful decision, cruel and unjust, that abiraterone is not available simply because of cost. How do you evaluate the cost of drugs against someone’s life?...This drug not only gives men an extra few months but also some quality to those last few months...It is unfair for some people to access the drug and not others. Money should not be an issue."
Wednesday, March 14, 2012
AN EXPENSIVE ROUND
HUNGER IN THE USA
Tuesday, March 13, 2012
Reading Notes
Monday, March 12, 2012
CAPITALISM IS INTERNATIONAL
OCEANIC POLLUTION
Sunday, March 11, 2012
REGRETTABLE FOR SOME
INVISIBLE UNDER-CONSUMPTION
Saturday, March 10, 2012
In the red, Whyte and blue
In a statement, joint administrator Paul Clark said: “The agreement on very substantial wage reductions and voluntary departures from the club represents a major sacrifice by the Rangers players."
Socialist Courier takes this opportunity to clarify why footballers earn so much.
Footballers at least start from the same position as the rest of us: not owning any wealth from which to obtain an unearned income, to obtain what they need to live they have to go out on to the labour market and offer their mental and physical energies for sale. Most professional footballers, working for clubs in the lower divisions or for non-league clubs, never earn anything more than the average worker.
But some, those who play for the top clubs, are paid fabulous amounts of money, by working class standards. What is their income? Is it wages? Not really. It’s more like rent. Rent is paid whenever there is a natural monopoly in something that cannot be increased, normally land, mineral deposits and other natural features that can be employed in production. The rent of land and natural resources is essentially fixed by the paying demand for it. The higher the demand, the higher the rent.
As Arsène Wenger pointed out, “you normally need special qualities to be a strong footballer”. It is these “special qualities – which are a sort of natural resource that cannot be increased – that enable the best footballers to command so high an income, but as rent rather than as the price for the mere sale of their labour power. Their income is so high because the demand for their talents is so high.
Friday, March 09, 2012
MORE BANGS FOR YOUR BUCKS
Thursday, March 08, 2012
Rangers Blues
Asked if Rangers was in a state to be sold, an administrators source admitted: "There's an awful lot still to be resolved. It is all about who owns what. It doesn't matter whether you are selling a house, or a football club, or a company, you have to know what you're buying."
Scottish Football Association chief executive Stewart Regan has described the prospect of Rangers going into liquidation as "a disaster...[and] the news that the club is running out of cash and may be unable to fulfil their fixtures is the final piece of news that will send Rangers fans into despair."
The popularity of football inside capitalism made it an activity much adored by workers often too unfit to play it themselves, but keen to follow the efforts of their local sporting heroes. With the development of capitalism football has just become another business opportunity. Its development more likely to be followed by financial journalists rather than football ones. Football used to be about watching the match, buying a greasy pie and a cup of bovril. But now stadiums are like shopping malls. It is a truism - if not a cliché - that football today is big business.
Every activity that capitalism touches it turns into commodities.
As Rangers football club ails, vultures circle. In a society where common and shared identity count for little when there is a quick buck to be made, it can be no surprise that football has become infested by the sort of parasites whose idea of of a pastime is making money, especially at other people's expense. The market economy creates the conditions in which they can prosper and seize control of assets that communities often mistakenly think are theirs already.
It is time to take the money out of football altogether. And that means abolishing money in all other areas of life.
We live in a world of inequality. That is a natural consequence of the workings of capitalism. Socialists want a world of equality where everybody would have an equal say in the way things are run including our local sporting associations and where there would still be football, but no bankers or stockbrokers dealing in a football club's future, that being determined solely by the players skills on the field.
CONSPICUOUS CONSUMPTION
Safe Motoring
Dundee topped the test table for “major failures”, with 15.3 per cent of vehicles not getting an MoT certificate
Halfords Autocentres said the cost of repairs following failed tests had nearly doubled to an average of £143 compared with £82 some 18 months ago. The firm said that added up to a total bill of £1.44 billion for motorists. A survey found nearly a quarter of drivers just “keep their fingers crossed” and hope their car will pass.
Edmund King, president of the Automobile Association said: “It is of concern that a higher proportion of cars in Scotland are failing the MoT as this indicates that there are more unsafe cars on the roads in Scotland.” He said: “We have also found that 10 per cent of drivers are cutting back on servicing their cars as a result of record fuel prices at the pumps. This means that many safety faults will only be picked up at the annual test.”
Neil Greig, the Scotland-based policy and research director of the Institute of Advanced Motorists, said: “However, the garage trade as a whole has a poor reputation...Until drivers can be confident they are not being ripped off, many will continue to worry the MoT is a sales opportunity rather than a safety check.”
http://www.scotsman.com/news/transport/mot-failures-show-scotland-has-most-unsafe-cars-in-uk-1-2159169
Wednesday, March 07, 2012
Food for thought
When the Honeywell plant closed in Scarborough, 250 people, many of whom had worked there for decades, were unemployed. That was through the early months of last year. Only 18 have found work. Most are chasing jobs that pay about half the $20 an hour, plus benefits, that they earned on the assembly line. An all too familiar tale for far too long -- time to act.
Re the environment -- we have just had an incredible year dust storms in Arizona, drought and fires in Texas, towns like Goderich, Ontario flattened, tornadoes, massive floods, yet, according to Dailyclimate.org (The Toronto Star, Jan 15 2010) mention of climate change in newspapers dropped 20% from 2010 and 40% from 2009. It asks is it climate change fatigue? I ask, is it a deliberate attempt to put it on the back-burner. John Ayers
Tuesday, March 06, 2012
THE DAY TO DAY STRUGGLE
A JUBILEE OF NONSENSE
A BLEAK FUTURE
Monday, March 05, 2012
Food for thought
"If we identify capitalism with rich guys looting companies, we're going to have a very hard time protecting it." (Toronto Star, Jan 21, 2012). If he just changed 'companies' to 'workers', he would be there.
The same article, though, shows just how dazed and confused the press is. Gingrich was defending himself against 'anti-capitalism charges'. That's because he attacked opponent, Mitt Romney for his leadership of a private equity firm known for plundering floundering companies and tossing workers into the streets and walking away with $250 million. Later on the article says, " Was Karl Marx correct? Is the boom and bust cycle about to go bust forever?" Something he never supported, of course. And this, "socialism is for tycoons and capitalism is for the rest of us." Go figure where that one came from. Dazed and confused!
The National Post, the mouthpiece of laissez faire (unfair) capitalism Reported that the capsizing of the Costa Concordia would cost the owners $90 million US not counting the impact on bookings. Shares in the cruise company are down 16% reducing the company's value by $1.09 billion. Wow, the social good we could do with that kind of value!
The Toronto star reports that 297 000 UK firms folded in 2010 813 everyday. On the same page it is remarked that Ekaterina Ribolovlev, 22 year-old daughter of Russian billionaire. Dymitri, bought a New York apartment for $88 million -- 10 rooms, 6 744 square feet. The
differences in human fortunes are truly staggering. Surely there will be a call for the end of this nonsense.
Well, it seems there is one alternative -- 'System D', the black market, the lemonade stands, flea market vendors, etc. About 1.8 billion people are counted in this class with an economy as large as that of the US. It's all cash and no taxes. Apparently, System D outperformed the regular economy as the recession hit. John Ayers
dirty capitalism
As a result, people in Glasgow, Edinburgh, Aberdeen, Dundee and other urban areas will keep breathing in toxic gases, which can damage their lungs, blood and immune systems. According to the Institute of Occupational Medicine, air pollution kills more than 600 people a year in the Scottish central belt.
An analysis by the Sunday Herald has revealed that European Union (EU) safety limits for nitrogen dioxide, one of the main vehicle exhaust fumes, were breached at 12 sites in urban areas across Scotland in 2011. As well as the four big cities, they included Perth, Paisley, Kirkintilloch, East Kilbride and Broxburn. By far the worst pollution was measured in the centre of Glasgow on Hope Street, followed by Corstorphine in Edinburgh and Atholl Street in Perth.
http://www.heraldscotland.com/news/environment/revealed-traffic-fumes-safety-limits-set-to-be-breached.1330830213
Sunday, March 04, 2012
Food for thought
Our local country paper out in the sticks here reported on hospital CEO's Salaries. The CEO of Toronto Sunnybrook receives $750 000 per year including bonuses like, health club membership, parking, transit passes, and car allowances up to $1 500 per month. Meanwhile the average Joe, earning some $40 000 has to pay his own way for everything. Makes sense?
Of course, as we all know, don't expect capitalism to be fair or just. That's the big mistake of the Left Wing. The locking out of the workers at the Caterpillar plant in London, Ont. shows that. The workers held a rally on January 22nd . Prime Minister Harper was invited to show his support for the workers but was a no show. London mayor, Tom Fontana said, "We need you down here to support the workers. Get your ass down here!" (Toronto Star, Jan 22, 2012) Nice sentiment but it's going to take more than that. Caterpillar just reported record profits. John Ayers
EXPLOITATION IS INTERNATIONAL
No worker is illegal
Simple solution - make them legal. Cracking down on illegal immigration only leads to the creation of an underclass of undocumented migrants
It is all too easy to blame immigrants for causing or at least aggravating problems such as unemployment and low wages. The socialist response to this is simply to point out that poverty and social disruption are caused by capitalism. All those people seeking migration, whether legal or illegal, are simply obeying the imperative that they must try to find a place to work; and no amount of government restrictions will change that fact.
Saturday, March 03, 2012
Food for thought
The banks, of course, are managing quite well. The Royal Bank of Canada reported fourth quarter profits of $1.6 billion, up 43% and the Bank of Nova Scotia did OK, too at $1.24 billion in profits. That's only about $15.5 million a day. Just wondering if they are among the 'small group of winners reaping a disproportionate share of global wealth?
Finally, the environment -- As expected, representatives of the Canadian and American capitalists clearly showed their disdain for the Kyoto Accord or any post-Kyoto Accord at the recent UN climate meetings in Durban. Any attempts to help poor countries of the Southern hemisphere to preserve their ecologically vital rain forests were snubbed. Presumably, any whiff of making a profit out of the resource would bring them running back. The drive for profit is merely a short term and blind point of view but thoroughly consistent with the needs of capitalism. When Canada and the US experience coastal flooding, desertification, and
massive crop losses, these people who ignore climate action might wonder if there is a better system after all. John Ayers
THE HUMAN NATURE ARGUMENT
Friday, March 02, 2012
A DIFFERENT KIND OF LIFE
Thursday, March 01, 2012
Bleak Times
Professor Brian Ashcroft, the editor of the commentary, blames in part the UK government’s austerity measures for choking off growth, describing it as a “serious economic policy mistake” which will be remembered for “generations”.
The core problem, the commentary suggests, is that the supply of labour is rising too fast compared to the number of jobs on offer. This mis-match between people and available jobs is now “identical to the trough of the recession”.
ECONOMIC REALITY
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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...