Food for Thought

- As workers lose their pension money, in RSPs or from failing employers, and six out of ten Canadians have no company pension, The Canadian Labour Congress once again shows its `work with capitalism' stance by calling for a new pension model, not an end to the employment system.
- Along with the auto industry (projected 2009 loss at $2.1 billion), and the stock market (down $34 billion), the Canada Pension Plan has lost $23.6 billion. No worry for the managers, though, as the top four executives of the plan not only take home paychecks of $300 000 to $500 000, they also get bonuses of $7 million to share, for losing the $23.6 billion. The average CPP benefit for workers is $501.82/month!
- The federal government has announced that its budget deficit will be $50 billion, not $34 billion as previously announced and just a few months after finance minister Flaherty predicted a small surplus. The bailouts are the excuse but it seems money is slow to trickle down to where it is needed as the old ploy of requiring provincial and local matching funds has been used. Either they can't match it or the funds get tied up in the red tape of three government levels. Either way, for the unemployed it will be a long, desperate wait for work and the means of living. For example, the Toronto Star (17/May/09) reported that a machinist laid off after two years work in an auto parts plant qualified for just 28 weeks @ $284/week, less than half his regular (low) pay. Capital chews you up and spits you out.
John Ayers

MAKING A "KILLING"

"Britain and other EU countries sold military equipment worth millions of pounds to the Sri Lankan Government in the last three years of its bloody civil war with the Tamil Tigers, The Times has learnt. Britain approved commercial sales of more than £13.6 million of equipment including armoured vehicles, machinegun components and semiautomatic pistols, according to official records. ...The approval of the sales still raises the question of whether weapons from the EU were used in the last five months of Sri Lanka’s 26-year civil war, during which UN officials estimate that 20,000 civilians were killed." (Times, 2 June) RD

BLESSED ARE THE PEACEKEEPERS?

"A former US Marine, Pastor Ken Pagano of New Bethel Church of Louisville, Kentucky said the church would celebrate the Fourth of July and "our rights as Americans". Rev Pagano said he wanted responsible handgun owners to attend this service openly wearing their sidearm, on 27 June, the Saturday preceding Independence Day. The move would be symbolic, however: the firearms must be unloaded and in a secure holster. The priest said he would also invite gun shop owners to attend the service in order to tell about their services. There would be patriotic music along with a presentation about the right of Americans to own firearms, including military-style automatic machine guns." (Daily Telegraph, 5 June) RD

LAZY WORKERS?

"More than 1,800 people turned up at an hotel where a recruitment day was being held to hire 25 people to work in a new shop that is opening in a former Woolworths store. The discount store QD is due to open in Wellingborough, Nothamptonshire, later this month."
(Times, 3 June) RD

GREEN SHOOTS?

"US companies cut more than half a million jobs last month as the recession continued to chip away at the country’s labour market, while the service sector shrank more than expected. Private companies cut 532,000 jobs from their payrolls in May, according to a survey by ADP Employer Services. Although that was fewer than the revised 545,000 jobs slashed in April, the number was worse than many predicted and pushed shares lower on Wednesday morning." (Financial Times, 3 June) RD

IMPROVING CAPITALISM?

"A UN report says hunger in South Asia has reached its highest level in 40 years because of food and fuel price rises and the global economic downturn. The report by the UN children's fund, Unicef, says that 100 million more people in the region are going hungry compared with two years ago. It names the worst affected areas as Nepal, Bangladesh and Pakistan. The report says South Asia's governments need to urgently increase social spending to meet the challenge. It says that climate change and urbanisation also need tackling. According to the World Bank, three quarters of the population in South Asia - almost 1.2 billion people - live on less than $2 (£1.2) a day. And more than 400m people in the region are now chronically hungry.
(BBC News, 2 June) RD

THE PRICE OF GOLD

"The bodies of another 25 people have been found in a disused South African gold mine, where 36 illegal miners were killed in a fire at the weekend. "The bodies are not burnt. It seems more of a case of gas or smoke inhalation," said Tom Smith from Harmony, which owns the Eland mine. He said the bodies had been found by other miners, as the abandoned shaft was too dangerous for the firm's staff. Harmony says nearly 300 illegal miners were arrested in the area recently. Illegal mining is rife in South Africa where prospectors often sneak past security at one mine and then exit from a different shaft, miles away. The BBC's Mpho Lakaje in Johannesburg says the authorities have launched an investigation to establish how many people have died. Mr Smith said the bodies had been recovered from depths of up to 1.4km (0.9 miles) underground, reports the Reuters news agency. (BBC News, 2 June) RD

MEGA-DEATH MARKETPLACE

"The annual Asia Security Conference, a forum for discussion, brought together some of the world's main arms-makers with military chiefs nervously eyeing their neighbours' moves and looking to upgrade defences in a region full of long-running insurgencies, potential maritime disputes and growing wealth. "Defence suppliers find it very important to be here to make a set of contacts," said Jonathan Pollack, professor of Asian and Pacific Studies at the U.S. Naval War College. Japan's defence minister told the gathering that the country, anxious about North Korea's latest nuclear test, would not strike first but it was still looking to boost its air force with Lockheed Martin F-22 fighter jets. Top executives from firms such as Boeing, the Pentagon's No.2 defence supplier, flew to Singapore to rub shoulders with potential clients, as they look to expand foreign sales at a time when the Obama government is starting to cap defence project spending." (Yahoo News, 31 May) RD

GLOBAL DISASTER

"The first comprehensive report into the human cost of climate change warns the world is in the throes of a "silent crisis" that is killing 300,000 people each year. More than 300 million people are already seriously affected by the gradual warming of the earth and that number is set to double by 2030, the report from the Global Humanitarian Forum warns. "For the first time we are trying to get the world's attention to the fact that climate change is not something waiting to happen. It is impacting seriously the lives of many people around the world," the forum's president, former U.N. Secretary-General Kofi Annan, told CNN" (AOL News, 29 May) RD

CAPITALISM IN ACTION

"Early this year, the king of Saudi Arabia held a ceremony to receive a batch of rice, part of the first crop to be produced under something called the King Abdullah initiative for Saudi agricultural investment abroad. It had been grown in Ethiopia, where a group of Saudi investors is spending $100m to raise wheat, barley and rice on land leased to them by the government. The investors are exempt from tax in the first few years and may export the entire crop back home. Meanwhile, the World Food Programme (WFP) is spending almost the same amount as the investors ($116m) providing 230,000 tonnes of food aid between 2007 and 2011 to the 4.6m Ethiopians it thinks are threatened by hunger and malnutrition." (Economist, 21 May) RD

A DEPRESSING SYSTEM

"British workers are experiencing panic attacks and insomnia because of stress associated with the economic downturn, a survey has suggested. Norwich Union Healthcare polled 200 GPs, 200 business leaders and 1,000 employees for its Health of the Workplace survey. Half the workers admitted to being stressed, while one in five is suffering depression. A leading GP said people now had better access to talking therapies. The annual Norwich Union healthcare study found workers are putting increasing amounts of time and effort into their jobs. About half are going into work when they are ill and working longer hours, while just over a third are not taking lunch breaks." (BBC News, 29 May) RD

HARIKARI CAPITALISM

"Suicide is rising in Japan as the economic crisis bites, with more than 100 people a day taking their lives in April. "It's the end of the financial year, so I think the effect of the economy is a trigger," said Yasuyuki Shimizu, head of Lifelink, a group that campaigns to prevent suicide. In a recession, the end of the financial year tends to spark bankruptcies and layoffs. Japan's suicide rate is already one of the highest in the developed world, with about 24 cases per 100,000 population in recent years, compared with 11 in the United States. The April figure was up 6 percent from the same month last year, police statistics showed on Wednesday."
(Yahoo News, 28 May) RD

BLESSED ARE THE POOR ?

"The Catholic orders responsible for abusing Ireland's poorest children say they're struggling to come up with money to help their victims. Yet investigations into their net worth paint a very different picture — that of nuns and brothers with billions' worth of carefully sheltered assets worldwide. Irish government leaders said Wednesday they expect the 18 religious orders involved in abusing children in workhouse-style schools to pay a much greater share of compensation to 14,000 state-recognized victims. They also demanded that the secretive orders reveal the true scope of their wealth for the first time in face-to-face negotiations with the government." (Yahoo News, 27 May) RD

POWDER KEG CAPITALISM

"The world is sitting on a "powder keg" of social unrest, which risks exploding as human rights are eroded by the global economic slowdown, Amnesty International warned. But its annual report -- detailing abuses from China to Guantanamo Bay and from Sri Lanka to the ex-Soviet Union -- said the global meltdown also offers a chance to rebuild an economic framework putting human rights at its heart. "There are growing signs of political unrest and violence, adding to the global insecurity that already exists because of deadly conflicts which the international community seems unable or unwilling to resolve. "In other words: we are sitting on a powder keg of inequality, injustice and insecurity, and it is about to explode," said Amnesty chief Irene Khan." (Yahoo News, 28 May) RD

SCOTLAND THE BEREAVED

"Hundreds of jobs are to be axed after it was confirmed today that Hewlett-Packard is to cease manufacturing at a computer plant in Scotland. The work is to be transferred abroad from the factory in Erskine, Renfrewshire. As many as 850 jobs are feared to be at risk out of the 1,300-strong workforce employed by the US-based firm at Erskine." (Guardian, 28 May) RD

POVERTY IN GERMANY

"Anyone who's living off less than 60% of the median household income is defined by the E.U. and the German government as living in poverty. In Germany, that's around $1,066 per month for a single person or $2,240 for a couple with one child. Some of the hardest hit by Germany's increasing poverty levels are children. It's estimated that there are more than 3 million German children living in poverty; in Berlin alone, up to 36% of all children are poor. "The gap between the rich and poor is wider than ever and more children have been plunged into poverty," says Bernd Siggelkow, a pastor who runs the Arche project in Berlin to help children in need. "People who claim state benefits are stigmatized by society and in the past children were simply forgotten by politicians." (Yahoo News, 25 May) RD

PROFITS BEFORE HEALTH

"Food safety inspectors say a California plant at the center of a salmonella scare knew some of its pistachios were tainted but continued shipping nuts for another six months. The Food and Drug Administration issued a sweeping national warning in March for consumers to avoid eating pistachios after concerns surfaced about nuts from Setton Pistachio of Terra Bella, Inc. In an inspection report released this week, FDA officials said Setton first got results in October showing some of its roasted nuts tested positive for salmonella. But, officials say, it didn't make proper adjustments to its processing procedures and kept shipping out nuts."
(Yahoo News, 23 May) RD

THE SEEDS OF WAR

"Diminishing supplies of oil and natural gas will push countries into violent competition, the Kremlin predicted in a long-awaited national security strategy paper released this week. The document foresees these struggles playing out in the Arctic as well as the Middle East, the Barents Sea, the Caspian Sea and Central Asia - and states that Russia is prepared to fight for its share of the world's resources. "In the face of competition for resources, the use of military force to solve emerging problems cannot be excluded," reads the strategy paper, which was signed by President Dmitri Medvedev on Wednesday." (Yahoo News, 17 May) RD

ECONOMIC POLITICS

Politicians are fond of pretending that they are concerned about ethical matters and would deny that their primary function is to concern themselves with the economic interests of their masters. So it comes as no great surprise to learn that the EU spokesmen prattle on about "the political rights of small nations" whilst in reality having sordid economic interests in mind.
"Russian President Dmitry Medvedev has warned the European Union not to turn a proposed partnership with former Soviet countries against Russia. He was speaking at the end of a Russia-EU summit held against a background of deep divisions over security, trade and energy supplies. A BBC correspondent in Moscow says the biggest concern at the summit was over Russian gas supplies to Europe. Deliveries were halted in January due to Moscow's price dispute with Ukraine. ... A year ago - when Mr Medvedev became Russia's new leader - there was hope that relations with the EU might gradually improve, the BBC's Richard Galpin in Moscow says. Instead, he says, they have got steadily worse. Relations plummeted after last year's brief war between Russia and Georgia. Since then there has been another gas dispute between Russia and Ukraine which led to gas supplies to many European countries being cut off for two weeks in mid-winter. There is also a growing battle over energy pipelines as the EU tries to find alternatives to its growing dependency on Russian gas." (BBC News, 21May) RD

GREENS AND GREEN BACKS

It is fashionable for every capitalist politician to say that they are "green" - it is a good vote-catcher, but the realities of capitalism are the production of more and more profits. So when it comes to the crunch, profit -making is going to be a bigger priority than the environment. "US Energy Secretary Steven Chu says the US will not be able to cut greenhouse emissions as much as it should due to domestic political opposition. Prof Chu told BBC News he feared the world might be heading towards a tipping point on climate change. This meant the US had to cut emissions urgently - even if compromises were needed to get new laws approved. ... President Barack Obama says he wants cuts in greenhouse gases but has left it to Congress to make the political running. The House of Representatives is debating a climate and energy bill but even if it passes it may be rejected by senators, many of whom are funded by the energy industry." (BBC News, 21 May)
Politicians are deeply concerned about "green" issues - the issue of green-back dollars! RD