Tuesday, March 04, 2008
A FRIGHTENING FUTURE
"The United Nations warned yesterday that it no longer has enough money to keep global malnutrition at bay this year in the face of a dramatic upward surge in world commodity prices, which have created a "new face of hunger". "We will have a problem in coming months," said Josette Sheeran, the head of the UN's World Food Programme (WFP)."We will have a significant gap if commodity prices remain this high, and we will need an extra half billion dollars just to meet existing assessed needs." ..."This is the new face of hunger," Sheeran said. "There is food on shelves but people are priced out of the market. There is vulnerability in urban areas we have not seen before. There are food riots in countries where we have not seen them before." WFP officials say the extraordinary increases in the global price of basic foods were caused by a "perfect storm" of factors: a rise in demand for animal feed from increasingly prosperous populations in India and China, the use of more land and agricultural produce for bio fuels, and climate change." (Guardian, 26 February) RD
Running forward to stand still
The average household is £5 a week worse off than last year. The cost of living rose by 4.9 per cent to £388 a week. Earnings also increased but soaring bills for essentials such as food and transport mean that disposable income has fallen to £138 a week according to research by the Centre for Economics and Business . the charity Credit Action, said:
“When you add together the increases in grocery bills, energy costs and the fact that all credit is getting more expensive, it means that the real cost of inflation is far above the Government’s measure."
CEBR carried out the research on behalf of the supermarket group Asda. It found that the average family had to pay 6.1 per cent more for food in January compared with January 2007, and 6.4 per cent more for transport. Petrol prices were nearly 20 per cent higher. Only a 4.8 per cent fall in the cost of clothing helped lessen the pressure on consumers’ wallets. Households in Wales have been worst affected by spiralling costs, the CEBR said. The average family has £45 a week to spend on leisure and recreation once weekly bills are met. This is more than 12 per cent less than they had to spend in January 2007.
FSA’s director of financial capability, said: “Economic conditions are getting tougher, putting pressure on family finances...."
Chief executive of Asda, said: “The latest figures indicate that 2008 is going to be a tough year for customers and confirms what we’ve known for some time: that household budgets are stretched to the limit.”
Credit Action said:“We are helping people whose finances are being squeezed significantly. They are not just worrying about mortgage repayments, but are struggling to cover the cost of living week to week.”
“When you add together the increases in grocery bills, energy costs and the fact that all credit is getting more expensive, it means that the real cost of inflation is far above the Government’s measure."
CEBR carried out the research on behalf of the supermarket group Asda. It found that the average family had to pay 6.1 per cent more for food in January compared with January 2007, and 6.4 per cent more for transport. Petrol prices were nearly 20 per cent higher. Only a 4.8 per cent fall in the cost of clothing helped lessen the pressure on consumers’ wallets. Households in Wales have been worst affected by spiralling costs, the CEBR said. The average family has £45 a week to spend on leisure and recreation once weekly bills are met. This is more than 12 per cent less than they had to spend in January 2007.
FSA’s director of financial capability, said: “Economic conditions are getting tougher, putting pressure on family finances...."
Chief executive of Asda, said: “The latest figures indicate that 2008 is going to be a tough year for customers and confirms what we’ve known for some time: that household budgets are stretched to the limit.”
Credit Action said:“We are helping people whose finances are being squeezed significantly. They are not just worrying about mortgage repayments, but are struggling to cover the cost of living week to week.”
Monday, March 03, 2008
This land of England
Almost one million households in rural England live in poverty, a study says. 928,000 households with incomes below the official poverty line of £16,492.
"A significant number of rural people are unable to share in this high quality of life, with over 928,000 rural households with incomes below the official poverty threshold." Dr Burgess, who heads the Commission for Rural Communities, said . One of Dr Burgess's recommendations is to promote community land trusts, which ensure properties are affordable for rural workers and do not become second homes. "No government, whichever colour of the day, is going to interfere dramatically into the market economy. But what we can do is mitigate the problem."
Rural problems such as lack of affordable housing and access to public transport have been highlighted for years but little has been done to solve them. Many rural communities are therefore unable to deliver a safe, prosperous and healthy quality of life.
Cumbrian slate miner Ben Bland, told the BBC that people from outside rural communities buying up properties was a problem. He said: "Most of the cottages and houses were built by the miners that worked here in the past and built for them to live in.
"It's just a pity they are being sold on to outside buyers now and they're only lived in for six months of the year."
I will not cease from Mental Fight,
Nor shall my Sword sleep in my hand
Till we have built Jerusalem
In England's green and pleasant land.
"A significant number of rural people are unable to share in this high quality of life, with over 928,000 rural households with incomes below the official poverty threshold." Dr Burgess, who heads the Commission for Rural Communities, said . One of Dr Burgess's recommendations is to promote community land trusts, which ensure properties are affordable for rural workers and do not become second homes. "No government, whichever colour of the day, is going to interfere dramatically into the market economy. But what we can do is mitigate the problem."
Rural problems such as lack of affordable housing and access to public transport have been highlighted for years but little has been done to solve them. Many rural communities are therefore unable to deliver a safe, prosperous and healthy quality of life.
Cumbrian slate miner Ben Bland, told the BBC that people from outside rural communities buying up properties was a problem. He said: "Most of the cottages and houses were built by the miners that worked here in the past and built for them to live in.
"It's just a pity they are being sold on to outside buyers now and they're only lived in for six months of the year."
I will not cease from Mental Fight,
Nor shall my Sword sleep in my hand
Till we have built Jerusalem
In England's green and pleasant land.
JOBS FOR THE BOYS
When in opposition, Gordon Brown criticised the last Tory government for the "revolving door from the cabinet room to the board room", but he has remained silent about a similar ploy by his own party members. "Twenty-eight former Labour ministers have cashed in on their connections in government and Whitehall by taking jobs in the private sector in the past two years. It represents the biggest exodus of ministers into the private sector since Labour came to power and is worth at least £10m a year in salaries and fees." (Sunday Times, 24 February) RD
LEARNING SLOWLY
"The number of soldier leaving the Army has increased every month since troops began fighting Afghanistan, according to figures from the Ministry of Defence. In 2006, 11,310 soldiers left the Army. By 31 December last year, the number had risen to 12,520." (Times, 22 February) RD
A CYNICAL SYSTEM
Oscar Wilde once described a cynic as "a man who knows the price of everything but the value of nothing". The following news item shows what a cynical system capitalism is.
"A Russian businessman paid a record price on Wednesday for an 18th century violin that had not been played in public for more than 70 years. Maxim Viktorov, who bought the instrument by master violin maker Guiseppe Guarneri, paid "well in excess" of the previous world auction record for a musical instrument of $3.54 million, auction house Sotheby's said." (Yahoo News, 13 February)
When Guarneri fashioned his violin he naively must have thought it would be played to delight others not lie silent in a bank vault to increase in price. Inside capitalism many works of art are locked up by millionaires who know the price of everything but the value of nothing. RD
"A Russian businessman paid a record price on Wednesday for an 18th century violin that had not been played in public for more than 70 years. Maxim Viktorov, who bought the instrument by master violin maker Guiseppe Guarneri, paid "well in excess" of the previous world auction record for a musical instrument of $3.54 million, auction house Sotheby's said." (Yahoo News, 13 February)
When Guarneri fashioned his violin he naively must have thought it would be played to delight others not lie silent in a bank vault to increase in price. Inside capitalism many works of art are locked up by millionaires who know the price of everything but the value of nothing. RD
MORE CANCER FOR THE POOR
"Three years ago, an international treaty took effect that was designed to help developing countries resist aggressive marketing by big tobacco companies. The idea was that if a large number of countries committed themselves to the same tobacco control policies — including bans on all advertising and promotion — they would be better able to resist pressure from multinational tobacco companies and their own domestic tobacco sellers. Unfortunately, the governments of low- and middle-income countries have not followed through. With tobacco use declining in wealthier countries, tobacco companies are spending tens of billions of dollars a year on advertising, marketing and sponsorship, much of it to increase sales in these developing countries." (New York Times, 19 February) RD
Sunday, March 02, 2008
SITUATIONS VACANT
"Ireland, a country that used to export its Catholic clergy around the world, is running out of priests at such a rate that their numbers will have dropped by two thirds in the next 20 years, leaving parishes up and down the land vacant. ...One hundred and sixty priests died last year but only nine were ordained. Figures for nuns were even more dramatic, with the deaths of 228 nuns and only two taking final vows for service in religious life." (Times, 27 February) RD
WHEN RELIGION RULES
"Prosecutors in Saudi Arabia have begun investigating 57 young men who were arrested on Thursday for flirting with girls at shopping centres in Mecca. The men are accused of wearing indecent clothes, playing loud music and dancing in order to attract the attention of girls, the Saudi Gazette reported. They were arrested following a request of the Commission for the Promotion of Virtue and Prevention of Vice. The Mutaween enforce Saudi Arabia's conservative brand of Islam, Wahhabism. Earlier in the month, the authorities enforced a ban on the sale of red roses and other symbols used in many countries to mark Valentine's Day. The ban is partly because of the connection with a "pagan Christian holiday", and also because the festival itself is seen as encouraging relations between the sexes outside marriage, punishable by law in the kingdom." (BBC News, 23 February) RD
SCIENCE AND THE VATICAN
Professor Stephen Hawkings: "At a conference on cosmology at the Vatican, the Pope told the delegates that it was OK to study the universe after it began; however, they should not enquire into the beginning itself, because that was the moment of creation and the work of God. I was glad he didn't realise I had already presented a paper at the conference investigating precisely that issue: I didn't fancy the thought of being handed over to the Inquisition like Galileo." (Daily Telegraph, 26 February) RD
Saturday, March 01, 2008
A MAD, MAD WORLD (2)
"A Blackberry may be a status symbol, but as the high-tech devices become ever more ubiquitous, users are increasingly looking for ways to make theirs stand out. ...For the pragmatic, Otter Box makes cases featuring durable rubber and polycarbonate that look cool and provide great cushioning ($100; www.otterbox.com). Louis Vuitton has developed the Okapi Case GM, a spacious carrier made of the company's iconic Damier canvas ($420; www.louisvuitton. com). Just in time for Valentine's Day, Goldstriker International is unveiling a line of luxury leather and gold- or platinum-plated cases ($1,560; www.goldstriker.co. uk). For women, Violet May in London makes a stylish gold python-print BlackBerry purse, with a deep inner sleeve for the device, plus room for money, business cards and even a passport ($390; www. violetmaylondon.com). But nothing is more extravagant than the version from Case-Mate, made from 15 grams of gold and encrusted with 3.5 carats of diamonds. Just be sure you don't drop it down the stairs ($20,000; www.case-mate.com)." (Newsweek, 18 February) RD
IT’S A MAD, MAD WORLD
"A penny saved is not necessarily just a penny earned: One man's collection of rare American cents has turned into a $10.7 million auction windfall. The collection of 301 cents featured some of the rarest and earliest examples of the American penny, including a cent that was minted for two weeks in 1793 but was abandoned because Congress thought Lady Liberty looked frightened. That coin and a 1794 cent with tiny stars added to prevent counterfeiters each raised hundreds of thousands of dollars, according to the Dallas-based auction house Heritage Auction Galleries, which held the sale in Long Beach on Friday night." (Yahoo News, 16 February) RD
Work Rage
Stressed out workers are increasingly suffering from 'work rage', according to a new study.
Four out of five people surveyed admitted they had lost their temper with a co-worker, for not pulling their weight in the office. More than two thirds of the 1,200 questioned said verbal abuse was common in their office.
"If you are one of those people who throw their Blackberry at the wall because you are frustrated at work, or snap at a co-worker while discussing how much you hate your job, then you are not alone."
Firms were urged to encourage staff to take regular breaks, and have a proper lunch in a bid to reduce stress.
Uh-huh , we can all see that happening in these days of speed-ups , unpaid overtime and the extraction of the last bit of labour-power from staff .
Four out of five people surveyed admitted they had lost their temper with a co-worker, for not pulling their weight in the office. More than two thirds of the 1,200 questioned said verbal abuse was common in their office.
"If you are one of those people who throw their Blackberry at the wall because you are frustrated at work, or snap at a co-worker while discussing how much you hate your job, then you are not alone."
Firms were urged to encourage staff to take regular breaks, and have a proper lunch in a bid to reduce stress.
Uh-huh , we can all see that happening in these days of speed-ups , unpaid overtime and the extraction of the last bit of labour-power from staff .
Friday, February 29, 2008
A NASTY SYSTEM
"Three British bankers have been sentenced to 37 months in prison each for their role in a multi-million pound fraud linked to US energy firm Enron. David Bermingham, Gary Mulgrew and Giles Darby - the so-called NatWest Three - have been sentenced after admitting to wire fraud. ... Last November, the three, all 45, admitted to defrauding former employer NatWest out of $19m (£10m). ... The men admitted to conspiring with ex-Enron employees Andrew Fastow and Michael Kopper, who are already in prison, to defraud NatWest of $19m and then split $7.3m between themselves. Charges brought by prosecutors argued that the three men had advised NatWest to sell part of a firm, Swap Sub, owned by Enron for less than it was worth. The men then left the bank and bought a share in the Enron-owned company, before selling it on at a higher price for a profit. ...Enron, once a hugely successful energy firm, collapsed in 2001 with debts of $31.8bn (£18.3bn)." (BBC News, 22 February) RD
DID THE EARTH MOVE FOR YOU?
"An Israeli lawmaker said Wednesday that several earthquakes felt in Israel recently were a consequence of gays and the parliament's acceptance of them. Shlomo Benizri of the ultra-Orthodox Jewish Shas Party, said the way to stop the tremors was for parliament to reverse its trend of liberalizing laws concerning homosexuals. Two quakes originating in neighbouring Lebanon shook much of Israel last week, the first coming two days after Israel's attorney general ruled that same-sex couples could adopt children. ..."Why do earthquakes happen? One of the reasons is the things to which the Knesset (parliament) gives legitimacy, to sodomy," Benizri said during a parliamentary debate on earthquake preparedness. A cost-effective way of averting earthquake damage, he added, would be to stop "passing legislation on how to encourage homosexual activity in the state of Israel, which anyway brings about earthquakes." (Time, 21 February) RD
Thursday, February 28, 2008
THE MODERN GAME
Once upon a time football news would be about such things as goals and league points, nowadays it is more likely to be about investments and financial returns. "Arsenal has seen its half-year profits rise 54%, boosted by the latest Premier League television rights deal and the success of its Emirates Stadium. The north London football club said its pre-tax profit totalled £20m for the six months to 30 November 2007, compared with £12.6m a year earlier. Arsenal's broadcasting income was up £6.5m at £24.3m, while match day income had risen by more than £3m to £41.4m. ...Earlier this month an investment firm co-owned by Russian billionaire Alisher Usmanov revealed it had increased its stake in Arsenal to 24%. Red and White Holdings previously had about 23% of the club's shares and have been reported to have a goal of owning at least 25%." (BBC News, 22 February) RD
CAPITALISM AND EUPHEMISM
Capitalism has got to have euphemisms to cover up the sordid nature of the system. Thus children, maimed by napalm bombs is called "co-lateral damage" and troops blowing up their own troops is called "friendly fire". A recent addition to this sorry catalogue is "extraordinary rendition". "David Miliband has admitted two US 'extraordinary rendition' flights landed on UK territory in 2002. The foreign secretary said in both cases US planes refuelled on the UK dependent territory of Diego Garcia. He said he was "very sorry" to have to say that previous denials made in "good faith" were now having to be corrected. The renditions - the transport of terror suspects around the world for interrogation - only came to light after a US records search, he said." ..."Amnesty International UK director Kate Allen said extraordinary rendition was "a polite way of talking about kidnapping and secret detention". (BBC News, 21 February) RD
Keeping a roof over ones head
House prices are now six times the salary of the average Scot, according to new government figures revealed yesterday.
The statistics show that the average house price of £137,192 is running out of reach of the £22,261 median salary.
First-time buyers with little or no savings are being faced with debilitating interest rates as the industry recoils, and many young people can't buy without parents' help. The pressure on those with low incomes was highlighted by one case where a couple with a joint income of £26,000 were paying £700 a month in mortgage repayments.
Don Fleming, of the Mortgage Advice Network said in one instance a lender was offered a 95% mortgage and as soon as the papers were signed a further 30% loan was offered as a top-up because the person was then classed as a property owner. He said: "Lenders were calling it flexibility, but what they mean is they are pulling the wool over society's eyes. Government should have stepped in to stop people receiving large unsecured loans."
The statistics show that the average house price of £137,192 is running out of reach of the £22,261 median salary.
First-time buyers with little or no savings are being faced with debilitating interest rates as the industry recoils, and many young people can't buy without parents' help. The pressure on those with low incomes was highlighted by one case where a couple with a joint income of £26,000 were paying £700 a month in mortgage repayments.
Don Fleming, of the Mortgage Advice Network said in one instance a lender was offered a 95% mortgage and as soon as the papers were signed a further 30% loan was offered as a top-up because the person was then classed as a property owner. He said: "Lenders were calling it flexibility, but what they mean is they are pulling the wool over society's eyes. Government should have stepped in to stop people receiving large unsecured loans."
Wednesday, February 27, 2008
WORDS OF WISDOM
Steve Jones, Professor of Genetics at University College of London: "The idea that life began by magic a few thousand years ago is entirely absurd - yet believers, of whatever persuasion, insist on its truth. This does no harm to science, but to my secular eyes seems to do immense damage to religion itself." (Daily Telegraph, 26 February) RD
THE AMERICAN DREAM?
"More American homeowners are mired in negative equity than at any time since the Great Depression of the Thirties ... Close to 9 million Americans, or 10.3 per cent of homeowners in the US, now owe more on their mortgages than their house is worth, according to the latest figures from Moody's, the ratings agency, as inventories of unsold homes continue to pile up in an already over-supplied market." (Observer, 24 February) RD
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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...