Monday, December 31, 2007

BLESSED ARE THE PEACEMAKERS

On a Sunday morning Christian ministers and priests love to thunder out the Sermon on the Mount. Some of the sentiments seem to be laudable enough. It is difficult to disagree with "blessed are the peacemakers", but during wars such sentiments are soon forgotten by these holy men. Here is an example from Bethlehem, where some holy men seem to be unable to "turn the other cheek". "Bearded and robed Armenian and Greek Orthodox priests fought each other with fists, brushes and iron rods during cleaning of the shared Church of the Nativity. The Armenians believed that the Greeks were encroaching on their section of the church." (Times, 28 December) RD

COMIC BOOK CAPITALISM

"He has fought against foes ranging from the Green Goblin to Doctor Octopus, but Spider-Man now faces an even more formidable challenge: improving the battered image of the United Nations. In a move reminiscent of storylines developed during the Second World War, the UN is joining forces with Marvel Comics, creators of Spider-Man and the Incredible Hulk, to create a comic book showing the international body working with superheroes to solve bloody conflicts and rid the world of disease. ...The latest UN initiative is not the first time US comics have been used for political purposes. During the Second World War, superheroes were shown taking on Germany’s Nazi regime. Marvel’s Captain America, together with other characters such as Superman, were shown beating up Adolph Hitler." (Financial Times, 26 December) The initial edition is to be given out free to a million school kids in the USA. Imagine the storm it would cause in the USA if China, Russia or some other rival of US capitalism was to do something similar in their country. We would certainly hear screams of "brain washing children" and juvenile propaganda. RD

BIG BROTHER IS HERE

George Orwell's 1984 has arrived in the USA and it is proving to be very expensive. "The FBI is embarking on a $1 billion project to build the world's largest computer database of biometrics to give the government more ways to identify people at home and abroad, the Washington Post reported on Friday. The FBI has already started compiling digital images of faces, fingerprints and palm patterns in its systems, the paper said. In January, the agency—which focuses on violations of federal law, espionage by foreigners and terrorist activities—expects to award a 10-year contract to expand the amount and kinds of biometric information it receives, it said. At an employer's request, the FBI will also retain the fingerprints of employees who have undergone criminal background checks, the paper said." (PC Magazine, 26 December) RD

Sunday, December 30, 2007

WHAT ARE YOU WORTH?

On the 23rd December 07, Jenny Percival, Westminster Editor of Scotland on Sunday, reports, in an article titled, “Brown faces revolt as MPs demand £100,000 salary”
“MPs ARE preparing to rebel over Gordon Brown's plans to keep their pay rise well below inflation, with some saying they should be paid £100,000 a year.”

Will this lead to strike? In a previous report on this blog, it was pointed out that
They don’t have to, they just hold reviews and then vote themselves an increase, saves them striking and allows them to get on with running the country.
Last year they were set to award themselves £10,000-a-year “communications budget” just days after it emerges they make around £200,000 each from their generous existing pay and expenses package.

So what is it that makes the MPs discontent? “Politicians from all parties told Scotland on Sunday they expected to receive the above inflation figure of 2.5% as they have had no increases in real terms for six years. With another review not due until 2010, they plan to seize this opportunity to boost their basic salary of £ 6O, 277 a year. It was claimed last night that the Senior Salaries Review Body (SSRB) may recommend an increase over three years of 10%, which would take their salaries to £65,500 by 2010. Many MPs are now expected to back that recommendation against Brown's advice.”

What do MPs think they are worth? “A submission to the SSRB by a cross-party advisory panel says MPs should be paid around £100, 000 a year to keep their salaries in line with comparable workers, such as chief executives of small and medium-size councils and directors of services in larger councils.”

The MPs think they are worth a 40% rise in wages and no doubt they don’t think their proposed rise will bring the country to its knees, only the every day worker, the ones who produce all the wealth, can bring the country to its knees, "that is what they would have us believe.”
Still, you have to feel for them, “When you’re looking at police and nurses’ pay awards of around 2%, it’s very difficult for us to justify a higher figure, but….we are getting paid only about half the salary of people in comparable jobs.” Sad isn’t it!

THIS IS LIBERATION?

The press and TV hailed the US invasion of Iraq as one of liberation, but according to children's fund of the UN. It has turned out to be a strange form of liberation.
"More than four years after the United States invaded Iraq , the country's children continue to face a litany of problems from disrupted educations to unsafe drinking water, detentions and violence, UNICEF reported Friday. Violence and displacement often kept Iraqi children out of school this year. The organization estimates that 2 million educations were interrupted, especially among primary-school students. .. Eighty percent of children outside Baghdad don't have working sewers in their communities, limiting access to safe water. ...An average of 25,000 children per month were displaced within Iraq by violence or intimidation. ...By the end of 2007, about 75,000 children were living in camps or temporary shelter. ...About 1,350 children were detained by military and police, "many for alleged security violations." (Yahoo News, 21 December) RD

Saturday, December 29, 2007

bankers

So some of the banks took a beating with the sub-prime mortgage crisis but it didn't stop some bank executives from taking their slice of their cake .

Lynn Peacock, chief executive the Clydesdale bank pay almost doubled to £2.1m. , compared with £1.1m in the preceding year. She also became entitled to an undisclosed number of shares under an incentive scheme operated by the parent company, National Australia group .

Friday, December 28, 2007

WALL STREET CASINO

"House prices are crumbling on both sides of the Atlantic, growing numbers of homeowners face repossession, financial markets are yo-yoing and the UK saw its first run on a bank in living memory. But for three audacious New York traders it all added up to a $4bn (£2bn) profit opportunity and the biggest jackpot in the history of Wall Street. ... Dan Sparks and two underlings, Josh Birnbaum and Michael "Swenny" Swenson, placed what were in effect giant bets against the US mortgage market at the start of the year and watched their winnings tick higher and higher as the rising numbers of mortgage defaults spiralled into a worldwide financial crisis. ...The trio themselves are in line for bonuses of about $10m apiece from a record bonus pool at Goldman of about $19bn. ... Their profit eclipses the $1.1bn made by George Soros when his bets against the currency pushed sterling out of the exchange rate mechanism in 1992 and the estimated $1.5bn made by the hedge fund manager John Arnold last year from the collapse of a rival fund, Amaranth." (Independent, 15 December)
That is capitalism for you, millions face homelessness while a small group of parasites rake it in! RD

CALIFORNIAN CATASTROPHE

California is reckoned by most statisticians to be the wealthiest state in the USA, but a recent report shows that this is not the case for many of its inhabitants.
"Between railroad tracks and beneath the roar of departing planes sits "tent city," a terminus for homeless people. It is not, as might be expected, in a blighted city centre, but in the once-booming suburbia of Southern California. The noisy, dusty camp sprang up in July with 20 residents and now numbers 200 people, including several children, growing as this region east of Los Angeles has been hit by the U.S. housing crisis. The unravelling of the region known as the Inland Empire reads like a 21st century version of "The Grapes of Wrath" John Steinbeck's novel about families driven from their lands by the Great Depression. As more families throw in the towel and head to foreclosure here and across the nation, the social costs of collapse are adding up in the form of higher rates of homelessness, crime and even disease." (Yahoo News, 21 December) RD

Gilbert and riches


Martin Gilbert, chief executive of Aberdeen Asset Management, saw the value of his overall remuneration tumble in the latest year despite bumper profits for the fund manager, but remained one of corporate Scotland's best-paid executives.The annual report of Aberdeen Asset Management, published yesterday, shows that Gilbert received total pay and benefits of £3,096,000 in the year to September, down from £3,951,000 in the preceding year . The fall in remuneration was due to the fact that Gilbert elected for employer contributions to his defined contribution pension scheme with the firm to cease. Aberdeen said following changes to UK pensions law on April 6, 2006, other employees had elected to follow suit. The A-day changes included the introduction of a £1.5m limit on individual pension funds.


Even at the reduced level, Gilbert's package makes him one of Scotland Plc's biggest earners. In 2006, Sir Fred Goodwin, chief executive of Royal Bank of Scotland, earned a basic salary of nearly £1.2m and a performance bonus of £2.8m, boosting his total package by over £1m on 2005 to just under £4m.Sandy Crombie, chief executive of Standard Life, earned a pay, bonus and benefits package worth £1.6m in 2006.

Stewart Milne of the building company took home more than £7.5m in salary, benefits and dividends in the year to June


Thursday, December 27, 2007

A Very Merry Christmas ?


Debt advisers are set to take a record number of calls as consumers are left to deal with a Christmas on credit. Leading debt charities said today that the credit crunch combined with five interest rate rises had made the problem this year even more serious. It was reported today that an estimated £34 billion has already been spent on credit cards this month – a £3 billion increase on last year.

A Consumer Credit Counselling Service spokesman said the organisation expected even more calls this year from people concerned they have over stretched financially this Christmas.He said: "We expect just under 34,000 calls to our helpline in January 2008, five per cent higher than in 2007."

And Credit Action spokesman Christ Tapp echoed the claims, saying the hangover debt from the festive reason reached way beyond the first few days of the New Year, and that homeowners may be particularly concerned. He said: "It could certainly be our busiest January and February ever. People are now more concerned about the economy than they have been for a long time.The nature of calls might be slightly different. It used to be about unsecured credit, but mortgages are becoming a much bigger problem than they were as rising living costs squeeze homeowners." (It is estimated this year that house repossessions will rise by 50 per cent to 45,000.)

Citizen's Advice added its weight to calls for belt-tightening around Christmas, pointing out that this time of year is traditionally gloomy for those with cash concerns. A spokeswoman said: "We know from experience that there is a seasonal surge of people who come to see us about their debt problems post-Christmas, and we know that the trend in debt inquiries is inexorably upwards. There is no reason to believe that there will be any let up in this trend."

Groups like the Samaritans say they also expect to be inundated with phone calls from people who feel they can't cope with their financial situation in light of lavish Christmas expenditure. A spokeswoman for the charity said: "January is a particularly bleak time with credit card bills arriving and the short, dark days."

Can we of Socialist Courier be blamed for saying " Christmas ? Bah - Humbug "


Wednesday, December 26, 2007

An Anti-Bolshevik Approach to Revolution

The final talk in the Socialist Thinkers series by Stephen Coleman and a belated contribution to the 90th anniversary of the Russian Revolution . It is a discussion of Leninism and the Julius Martov critique of the Bolsheviks .


The download can be found via the link at Darren's blog

Tuesday, December 25, 2007

A Vision of Socialism


Not looking forward to the Queen's Christmas message , then why not download and listen to one of the Socialist Party talks that Darren has upload.


Stephen Coleman discusses William Morris and his Vision of Socialism . Download from here .

Monday, December 24, 2007

WORLD HUNGER WORSENS

Millions of human beings starve inside a capitalist system that can produce enough for everyone. There are many well intentioned groups that believe that by a series of reforms this dreadful situation can be solved inside capitalism. Despite years of existence and hundreds of campaigns this has been proven to be futile."Record prices for major agricultural commodities and a reduction in the volume of food aid means there is a serious risk that global hunger will worsen next year, the United Nations’ Food and Agriculture Organisation said on Monday. The warning came as wheat prices on Monday jumped to an all-time high, soybean prices hit a fresh 34-year high and corn rose to an 11-year high on strong demand and tight supplies reflected in extremely low global inventories. ... Food aid has been reduced because agricultural commodities prices are going up while the big aid agencies’ budgets – including that of the UN’s World Food Programme, which feeds almost 90m of the world’s poorest people – remain stagnant." (Financial Times, 19 December) RD

THE CLASS DIVIDE

The harrowing picture of poverty in India is very familiar. Whole families are sleeping on the streets of Calcutta and in wretched, unsanitary lean-to shacks. What is not so well known is the immense wealth of a handful of Indian capitalists. "The mansion of Mukesh Ambani, the richest man in India, is something more than the average dream house. When construction is completed next year, his home will top 570 feet – the equivalent of a 60-story skyscraper – and include a helipad, six floors of parking, and 600 servants for a family of six." (Yahoo News, 18 December) RD

Branson Virgin Rail - Just the ticket

While the Virgin Rail passengers face nine per cent fare increases ( an average of 4.8 per cent from Jan 6, with first class passengers facing rises of nine per cent) and some of the worst delays in the country (In its worst performing year in 2002, just 73.6 per cent of West Coast trains ,London to Glasgow, and 62.5 per cent of Cross-Country trains , Cornwall to Aberdeen, arrived within 10 minutes of the scheduled arrival time) , Richard Branson pocketed a £24 million dividend from Virgin Rail . The West Coast and Cross Country lines, have received more than £1 billion in subsidies from the Government since he took over the route in 1997.

Richard Murphy, the director of Tax Research, an independent consultancy firm, said: "He's stripping the company of cash while saying at the same time, 'I need more public subsidy'."

Sunday, December 23, 2007

Minimum Wages - Maximum Exploitation

Thousands of workers are being short-changed by firms who refuse to pay the national minimum wage, the TUC found .

Around 150,000 staff are being denied rate of £5.52 an hour for adults and £4.60 for 18 to 21-year-olds, it says. Those in restaurants, hotels, cleaning, hairdressing and childcare were said to be the most likely to be underpaid.
TUC general secretary Brendan Barber said: "There should be no hiding place for bosses who are deliberately cheating their workers out of the minimum wage."

Socialist Courier will go further and say all wages and wage labour is theft . That it is slavery . Within capitalism , the fight to improve wages is indispensible but workers should take the next step - campaign to abolish wages .

Ernest Belfort Bax - A Socialist Thinker

Another of Darren's uploads of Stephen Coleman's talks which can be down-loaded here .

This lecture is about the 19th Century Socialist thinker Ernest Belfort Bax .

Saturday, December 22, 2007

The property ladder

Research by the Bank of Scotland, found that young people faced a financial struggle to own property, with the average price paid by first-time buyers soaring 113% from £57,929 in 2002 to £123,213 this year. With the threshold set at £125,000, many first-time buyers paying more than the average price of £123,213 will have to find an extra 1% of their property price on stamp duty.
The average property is now out of reach of first-time buyers in 95% of places, according to the fifth annual First Time Buyer Review. Edinburgh and Helensburgh are the least affordable places for first-time buyers and properties there are 8.2 and 7.5 times the average income of a first-time buyer household. The deposit required by first-time buyers has soared 238% since 2002 and the average amount put down for a first property in Scotland is £25,951 - 95% of an average full-time worker's salary. Five years ago it was only 35% of an average worker's full-time earnings.

"It is beyond the reach of people who are earning between £12,000 and £16,000 a year to save up for that kind of deposit. " Peter Kelly, director of the Poverty Alliance said. "People are putting themselves in more risky positions and it will be people who are on the low end of the income scale who will pay the price for that."

Housing charity Shelter Scotland said that an additional 30,000 affordable rented homes, not including general housebuilding, were needed by 2011. It said that more than 200,000 people were on waiting lists and 9000 households were in temporary accommodation in March this year.

For a socialist take on housing read Building Profits Versus Building Houses

And for a more recent article on the house property price bubble read here

Nor should we think of the lack of shelter as just a Scottish problem , of course .

A man, believed to be in his sixties, was found dead on a wooden pallet in the Place de la Concorde in the heart of Paris victims of homelessness and the cold . Another man, 62, was found dead in his car in Vanves, just west of the capital. The deaths have provoked new quarrels over the alleged failure of successive governments to provide lodgings for France's alleged 200,000 homeless people. One pressure group, Les Morts de la Rue (the dead on the street), claimed that at least 200 people, between 18 and 80, had died prematurely while sleeping rough in France in the past 12 months.

Jean-Paul Bolufer, the head of the private office of the Housing minister, Christine Boutin , said last month that it was "scandalous" that some relatively wealthy people lived in subsidised, publicly owned housing while others lived on the streets. a newspaper revealed that he was paying 1,200 Euros (£870) a month rent – a quarter of the market price – for a 190 square metre apartment in an upmarket area of the Left Bank. There were at "least 200,000" other well-off people living in subsidised flats in Paris, he said.

The Price of Learning

The principal of Glasgow University accepted a £23,000 pay rise in the past year - an increase of more than five times the rate of inflation. The 11% increase brings Sir Muir Russell's salary and pensions benefits to some £234,000 a year at a time when the rest of the university's staff have been given increases of just 4%. Last year's university accounts show the level of Sir Muir's remuneration package jumped from £184,000 in 2004-05 to £211,000 in the last financial year - a 15% rise. As part of his pension arrangements from his career in the civil service, Sir Muir, 59, will pocket a one-off payment of £215,000 when he turns 60.
He can also expect to have an annual pension of £65,000 waiting for him at age 65.

The latest increase is likely to make Sir Muir one of the highest-paid principals in the country, depending on the increases enjoyed by other university leaders which have not yet been revealed. Last year, the highest-paid principals in Scotland were Professor Duncan Rice from Aberdeen University (£215,000), Dr Brian Lang from St Andrews (£209,000), and Sir Alan Langlands from Dundee (£202,000).

"There is a growing feeling that universities are being turned into businesses in which the collegiality on which their past successes have depended is abandoned and senior managers are paid inflated salaries to get as much as possible out of their junior employees for as little reward as possible." - Terry Brotherstone, who is president of the lecturers' union UCU Scotland

Karl Kautsky


Once more the Inveresk Street Ingrate blogger has uploaded a Stephen Coleman talk on socialist thinkers , which can be downloaded via the link here .

The subject is Karl Kautsky and the Socialist Critique of Religion