Who's country does it belong to?

Scotland is on the verge of having its first Chinese laird. Wealthy Chinese investors are said to be scouring the property market to find a Scottish castle to buy.

Leading property agents are reporting a rise in interest from rich Chinese and Taiwanese buyers, who have made their fortunes in the Far East boom. Wealthy Russians are also snapping up prime properties in Edinburgh for the first time. Prices in central London have been driven up by wealthy Russians seeking a safe environment to invest. Agents say the next step could be the purchase of Scottish landed estates, which, even with thousands of acres, are relatively inexpensive compared to London. In Kensington, the average residence costs £2m.

Ran Morgan, head of Scotland residential property at Knight Frank, which has several properties over £2m on its books, confirmed an increase in interest from China. He said. “This year so far I’ve been out showing properties to Chinese, Taiwanese and Saudis. It’s something that we’ve seen growing for a while.” One of the biggest recent property sales in Scotland, by Knight Frank and Retties, was of 14th-century Stobhall Castle in Perthshire, which, despite a price tag of £2.35m, went to a closing date last October with six prospective buyers, three of them from overseas. “Of those one was Singaporean, one Belgian and one Canadian,” said Morgan. “If you’re a foreign buyer you want to be investing in a tangible asset. They will initially flock to London, tour round and get outbid, get disappointed and begin to look elsewhere. In our Edinburgh market we have sold three properties to Russians in the past six months. The Russians have never really been in the market before, and that is definitely a recent trend.”

Jamie Macnab, of estate agent Savills, said it had also seen an increase of interest in Scottish rural properties from China. “It’s a market we expect to grow. We’re constantly looking at how to attract Asian money, and we’re confident it will come. We had one young Chinese man who came into the Edinburgh office recently, hired a cab and then went to view eight properties in Fife because of the golfing interest. Golf is a key reason why the Chinese and the Koreans want to buy property here.”

John Coleman, head of residential and farm agency at Smiths Gore in Scotland, said: “There have been one or two large Chinese consortiums looking for investments in the UK and have looked at a few Scottish estates but we’re unaware of any transactions having gone through yet. They are testing the water, and they’ll do it in London first.”

At least three country castles on sale for more than £2 million have been sold or are under offer after buyers sought to avoid the end of the stamp duty holiday in last month’s Budget. Sales prior to the Budget attracted a 5 per cent tax, which has now risen to 7 per cent. Deals signed prior to change will have saved the buyer £40,000 on a £2 million property.

PUTIN AND PLAY ACTING

When the opposition brought 100,000 people onto the streets of Moscow, pro-Kremlin activists tried to match that number, filling a square across town with legions of people chanting slogans in support of Putin. His supporters organized a demonstration bigger than anything the opposition has been able to muster. More than 100,000 people gathered at the walls of the Kremlin. Suspended high above the throng, the state-run television cameras captured an image that night of overwhelming, even fanatical support for Putin. That was the image beamed into millions of Russian households on election night. But at ground level, the picture looked a lot more complicated. "About an hour after Putin addressed the crowd, TIME followed a group of demonstrators into a nearby subway tunnel, where about 100 of them lined up to receive about $10 apiece. Policemen stood by the entire time watching because it is not a crime to pay people for attending a political rally. And as far as moral qualms are concerned, one brigadier on duty that night told TIME he had none. "It's a paid flash mob," he said, smiling as he declined to give his name. "It's normal." (TIME, 21 March) That is capitalism for you - bribery is normal. RD

POLICE AND PREJUDICE

Ever since the days of Dixon of Dock Green on the television, the media have always depicted the police as decent even loveable characters, but recent events have shown this up as a complete fiction."Eight Metropolitan Police officers and one other member of staff have been suspended as the IPCC investigates 10 complaints of racism against the force. Earlier the Met said an acting sergeant and two PCs based in Newham had been suspended over a claim of racist abuse after last year's London riots. .... In total, 20 officers are being investigated in relation to the 10 claims of racism." (BBC News, 5 April) Unfortunately like other members of the working class many policemen are prejudiced against other ethnic groups despite the rosy TV fiction. RD

Olympic Holocaust Deniers

We have all heard of the Jewish Holocaust - of the Armenian holocaust by the Turks, and through history there were many other such genocides.

Circassians have been outraged by the selection of Sochi, a Russian resort city on the Black Sea, to host the 2014 Winter Olympic Games. Sochi was the site of the Circassian capital and the area where the Ubykh tribe made the Circassian "last stand" in 1864. The Olympics will be held on the 150th anniversary of these mass killings. The Sochi Olympics, in other words, will be played on a gigantic graveyard.

The Circassians are a mostly Muslim people who self-identify as Adyghe. The traditionally nomadic Circassians were organised into tribes and clans and lived by a code of behaviour known as khabza, which stressed honour, hospitality, respect for elders, egalitarianism and liberty. This ethos helped the Circassians, renowned for their warrior prowess, to successfully defeat every major power that passed through their mountainous region, including the armies of Attila the Hun and the Mongols. Khabza would also allow the Circassians to preserve their identity through the anguish and turmoil of exile. Circassians dominated the ranks of the Mamluks, a caste of elite soldiers who were taken from the Caucuses and dispatched across the Muslim world. In the 18th century, Russia acted to exert direct control over Circassia by military conquest and was met with fierce resistance. Over time, the Circassian tribes began to more efficiently organise and formally declared Circassian independence, which was recognised by Britain in 1838. By the 1860s, however, the Circassians proved unable to hold out any longer against an expanding Imperial Russia who coveted their mountainous homeland. One by one, the Circassian tribes were decimated with thousands killed, their lands settled by Cossacks, Slavs and others.

The Circassians fought so tenaciously that the Russians decided to remove them, either by death or deportation. The Circassians describe this operation as the first modern genocide. Of a population of 2.5-3 million Circassians, the Circassians told us, around 1.5 million were killed and roughly the same number expelled, of which around half died within months of famine and disease. These figures were corroborated by many scholars from around the world. Only a very small number of Circassians survived in the Caucuses and today, 90 per cent of the world's 5-6 million Circassians live in the global diaspora, while around 700,000 are split between three Russian republics.

Similar to the Turkish denial of the Armenian holocaust, the Russian government does not appear to recognise that a genocide occurred. When President Vladimir Putin gave his speech to the International Olympic Committee in 2007 to secure Russia's bid, he described Sochi as a place inhabited by ancient Greeks with no mention of the Circassians. Putin has renewed policies to curb the expression of Circassian culture, prohibiting schools from teaching the language and restricting Circassian language media. Circassians also faced restrictions on travel between the republics, which required permits that were often difficult to obtain.

A country that gives the most rights to Circassians is Israel, where they are allowed to preserve every single aspect of identity. Perhaps, they remember with gratitude the protection the Circassians gave their Jewish communities during the Second World War when Hitler's Nazis hunted them down.

Georgia has given Circassians refugee status and has officially recognised that the Russian actions in the 19th century constituted genocide. Georgia will be the first country to build a commemorative monument to the Circassian genocide to be unveiled this May at the anniversary of the Sochi massacre.

STUNNING STATISTICS

New statistics show an ever-more-startling divergence between the fortunes of the wealthy and everybody else. Even in the USA, a country that sometimes seems inured to income inequality, these figures are truly stunning. "In 2010, as the nation continued to recover from the recession, a dizzying 93 per cent of the additional income created in the country that year, compared to 2009 — $288 billion — went to the top 1 per cent of taxpayers, those with at least $352,000 in income. That delivered an average single-year pay increase of 11.6 per cent to each of these households. ....The bottom 99 per cent received a microscopic $80 increase in pay per person in 2010, after adjusting for inflation. The top 1 per cent, whose average income is $1,019,089, had an 11.6 per cent increase in income." (New York Times, 25 March) Most American workers counted themselves lucky if they had a microscopic increase on the previous year while the millionaires wallowed in additional millions. RD

bankers cash in

Royal Bank of Scotland investment banking boss John Hourican pocketed £4.7 million yesterday as he exercised lucrative share options in the bank – after helping push through thousands of redundancies in the division last year.
Hourican’s sale of 17.6 million shares after exercising share options, at an average price of about 27p, comes after RBS’s global banking and markets division has made some 5,000 people redundant. This has been with the encouragement of the UK government as RBS has scaled back its investment banking activities to focus on UK lending. Recently, it emerged that Hourican received a total pay and awards package, including bonuses, of about £7.5m last year.

It came on the same day that Toby Strauss – insurance chief at Lloyds Banking Group, sold 1.2 million shares worth more than £380,000.

EUROPEAN CRISIS

An outsider often sees more of a situation than most of those involved at first hand do. Here is an example of a US observer's view of the present economic crisis in Europe. "Today, hundreds of thousands of people are living in campgrounds, vehicles and cheap hotel rooms. Millions more are sharing space with relatives, unable to afford the basic costs of living. .... Now, economists, European officials and social watchdog groups are warning that the situation is set to worsen. As European governments respond to the crisis by pushing for deep spending cuts to close budget gaps and greater flexibility in their work forces, "the population of working poor will explode," said Jean-Paul Fitoussi, an economics professor at L'Institut d'Études Politiques in Paris. (New York Times, 1 April) RD

Football Blues

Rangers and Portsmouth are not alone.

One-in-five clubs in the Football League (refers to the three divisions below the top flight - the Championship, League One and League Two) are in "poor financial health", according to a survey by administrators Begbies Traynor. Begbies Traynor are presently overseeing the administration of Port Vale FC.

"Many clubs are continuing to spend too much, principally on players' wages, as they always have done" it said.

Of 68 teams surveyed in those divisions, 13 have signs of distress such as serious court actions against them, including winding-up petitions, late filing of accounts and "serious" negative balances on their balance sheets. That 19% compares to just one per cent in the wider economy, the firm said.

"While Premier League clubs are guaranteed huge television money every year and some have extremely wealthy backers, there are signs of genuine financial distress among a significant number of football league clubs," said Gerald Krasner, a partner at Begbies Traynor. "The sales of season tickets for next season, many of which are paid for during April and May, could provide some short-term relief for struggling clubs, but it won't solve the underlying problems."

A FRIGHTENING FUTURE

An alarming advance in modern technology has been developed in Brazil. Children up to the age of 14 have had electronic chips implanted into their uniforms in the north-eastern city of Vitoria da Conquista. Authorities say the tracking devices will provide an easy way to combat truancy. "The students' whereabouts are fed into a central computer when school starts. Staff are informed immediately if the child is absent, and if any student is still absent 20 minutes after lessons begin, parents receive a text message to their phones. City education secretary Coriolano Moraes says the innovation, which cost the government $670 thousand to design, is aimed at helping parents. "We noticed that many parents would bring their children to school but would not see if they actually entered the building because they always left in a hurry to get to work," he told the Associated Press news agency." (Russia Today, 23 March) No doubt many dictators will be looking forward to obtaining this excellent method of surveillance to deal with their dissidents. Isn't capitalism a wonderful system? RD

A TRASH CAN SOCIETY

The assumption is often made that extreme poverty may exist in some backward Asian or African countries but that Europe is free from the worst examples of poverty. This is obviously not the case. "To see Gunther rummaging through trash cans in Berlin, you might assume he was homeless. But the 61-year-old is actually one of a growing number of pensioners looking to earn extra cash through bottle recycling. Significant numbers of financially destitute people are now resorting to collecting discarded glass and plastic bottles, which carry a redeemable cash deposit, as a means of supplementing their income. But whereas the majority of those collecting used to be the homeless, alcoholics and drug addicts, more recently it is Berlin's pensioners and long-term unemployed who are increasingly turning to the practice in order to make ends meet." (Der Spiegel, 23 March) Germany may be one of the most advanced capitalist nations in the world but that does not stop it from suffering from the same social problems as all capitalist nations. RD

Britain's '101 Wealthiest Asians 2012'

LN Mittal and his family continue to head the list at £13.5 billion.

The Hindujas, whose activities span from transport to oil, have seen their fortune improve further with a wealth of £9.5 billion during the year, up by £ 500 million, are second in the list.

Anil Agarwal chairman of Vedanta Group is third in the list with a fortune of £3.2 billion

Lord Swraj Paul chairman of Caparo and Chancellor of Westminster and Wolverhampton Universities is 7th in the list with a wealth of £675 million, up by £75 million from 201

Italian Inequality

The Bank of Italy reveals that the wealth of the country's 10 richest individuals equals that of Italy's 3 million poorest.

10% of the richest Italian families own 40% of net national wealth

THE SOCIAL SCRAPHEAP

After a lifetime of toil many workers imagine that at least their twilight years will be spent in some sort of retirement with ease and care - but if they happen to be ill they certainly won't. "Hospital wards caring for elderly patients have up to a third fewer nurses working on them than other wards, research suggests. A survey of almost 1,700 nurses for the Royal College of Nursing found staffing levels on older people's wards was significantly lower than those for other specialties and general medical admissions. Overall, wards for elderly patients had one registered nurse for every 9.5 patients compared with an average of one for every 6.7 patients. One third of the nurses questioned said the staffing shortages meant they were unable to help patients eat and drink." (Independent, 20 March) Having helped to produce all of world's wealth the old worker is condemned to the social scrapheap. RD

Fighting for Bangladeshi women in Glasgow

Women and men from UK Feminista took to the high street to protest against the exploitation uncovered in factories supplying Nike. The actions, taking place outside Nike stores in London and Glasgow. The demonstrations are a response to new research published by War on Want which has uncovered the systematic violations of workers’ rights in Bangladeshi factories supplying garments for Nike, Puma and Adidas.

All factories visited were illegally employing staff for more than 60 hours a week, and five of the six failed to pay the legal minimal wage. Eighty five per cent of Bangladesh’s garment workers are women. 1 in 10 workers experiencing sexual harassment. Many are refused maternity rights or simply fired when discovered to be pregnant.

Low paid jobs are consistently filled by women. Women lack other employment opportunities due to poor access to education, and are affected by entrenched gender stereotypes around what constitutes ‘women’s work’. These include assumptions around their primary roles as carers rather than breadwinners, stereotyping women as supplementary earners and so excusing the payment of low wages. In this way firms like Nike are able to profit from gender inequality through utilising a cheap, female labour force subsidised by stereotypes.

The protest was not asking for boycott. Neither did it aim to ladle guilt onto women as consumers over where they shop. Instead it was a protest in solidarity with garment workers in Bangladesh which aims to spotlight the ability of firms like Nike to reap huge profits relies on gender inequality and demanded that Nike takes positive steps to end this.

http://www.leftfootforward.org/2012/03/nike-exploitation-women-workers-bangladesh-uk-feminista-protest/

Less poor? But more hungry!

Indian government officials have argued against many sceptics that they have reduced poverty yet two thirds of the country's population is eating less than what is required.

According to the National Institute of Nutrition, an average Indian male of age 18-29 years and weighing 60kg needs 2,320Kcal per day if he does only sedentary work. The Planning Commission had adopted 2,400 Kcal (rural) and 2,100 Kcal (urban) as the minimum daily requirement norm.

There has been an actual declined from 2,153Kcal per person per day in the period 1993-94 to 2020Kcal in 2009-10 in rural areas and from 2,071 to 1,946 Kcal in urban areas according to the report of the National Sample Survey Organisation.

According to the NSSO report, protein consumption too has fallen from 60.2g to 55g per person per day in rural areas and from 57.2g to 53.5g in the urban areas between 1993-94 and 2009-10.

Average calorie intake among the poorest tenth of the population is just 1,619 Kcal in rural areas and 1,584Kcal in urban areas, reveals the NSSO report. The richest 10% of the population consumes 2,922 Kcal in rural areas and 2,855 Kcal in urban on an average.

http://timesofindia.indiatimes.com/india/Poverty-down-but-not-the-hungry/articleshow/12487352.cms

PORCHES AND POVERTY

African countries are often portrayed in the media as desperately poor but some of its citizens are extremely rich. Nigeria's super rich are no strangers to conspicuous consumption, and there's no better way to flaunt your wealth than by buying a brand new European sports car. "German car maker Porsche officially opened a new car dealership on Friday in the heart of Lagos' wealthiest district, Victoria Island, a place with one of the world's highest concentrations of millionaires. .... The oil wealth of Africa's biggest producer has made multi-millionaires of its elite in the past few decades, even while absolute poverty has increased to 60 per cent of the population." (Reuters, 21 March) RD

PROMISES AND PROFITS

The manufacturing giant Foxconn has pledged to sharply curtail working hours and significantly increase wages inside Chinese plants making electronic products for Apple and others. "The shift comes after a far-ranging inspection by the Fair Labor Association, a monitoring group, found widespread problems including at least 43 violations of Chinese laws and regulations, and numerous instances where Foxconn defied industry codes of conduct by having employees work more than 60 hours a week, and sometimes more than 11 days in a row. .... The monitoring group, which surveyed more than 35,000 Foxconn employees and inspected three large facilities where Apple products are manufactured, also found that 43 percent of workers had experienced or witnessed accidents, and almost two-thirds said their compensation does not meet their basic needs." (New York Times, 29 March) Promises from the capitalist class mean nothing, they will only invest their capital where it gets the biggest return. RD

Weir the people

The board of Weir Group has rewarded chief executive Keith Cochrane with a near-£1 million bonus and double-digit pay rise.

Cochrane received a £625,000 salary and £975,000 bonus as part of a £1.62m package, up from £1.26m the previous year.

Finance director Jon Stanton will receive a 5 per cent rise to £420,000 from next month. For last year Stanton received a £392,500 salary and £400,000 bonus as part of an £806,957 package, up from £732,573.

Legal and commercial director Alan Mitchelson, who is standing down at the forthcoming AGM, received a £344,127 salary and £350,000 bonus as part of a £708,584 package, up from £665,887.

GOOD AND BAD NEWS

Global warming may be bad news for Greenland's polar bears, wolves, musk ox and whales, but it could mean new economic opportunities for the capitalist class. Satellite images taken over the past several decades show the dramatic disappearance of ice. A study just published by scientists with the Potsdam Institute for Climate Impact Research shows that this ice could lose a fifth of its mass in the future. The weakening ice is making the island's rich stores of raw materials accessible. Along with uranium, zinc, iron ore, copper and gold, Greenland's ancient rocks also harbour large quantities of those minerals known as "rare earth". "Rare earth minerals are used in the manufacture of mobile phones, laptop computers, flat screens, fuel cells, LED lights, motors for electric cars and in laser technology. They provide the basis for entire high tech industries." (Die Welt, 21 March) Global warming may lead to disaster for millions of workers but it it is just another "economic opportunity" for the owning class. RD

Football democracy

One of Scottish football’s leading administrators has called for the game to accept that supporters matter more than television companies, and to rethink the balance between the demands of broadcasters and the interests of supporters.

Hibernian managing director Fife Hyland said the demands of broadcasters had been too easily allowed to outweigh the interests of supporters, particularly when it came to deciding kick-off times. “We know TV is important to Scottish football but it’s not the be all and end all,” he said.

For many of the Scottish football clubs , match-day receipts remain several times greater than income from broadcasting. For example, in their last published accounts, for the year to July 2010, Hearts revealed that their matchday revenues were more than two and a half times greater than their income from broadcasting. Their income from TV was £1.5million, while that from matches (gate receipts plus smaller associated items such as programme sales) was £3.9m. There is an even greater disparity across the city Hibs are understood to take in around four times more from match-days than they do from broadcasting.

The Old Firm, Rangers (presently insolvent) and Celtic dominate Scottish football. A new £80m TV contract with Sky and ESPN, is dependent on the provision of four Old Firm fixtures a season and shows the importance of Rangers and Celtic. The ten non-Old Firm clubs in the SPL want to change the league’s voting structure, which at present requires an 11-1 majority for substantial changes to be passed. Dunfermline chairman John Yorkston said that he would urge the ten to resign if Rangers and Celtic continued to block democratisation of the rules on voting. The Old Firm have historically shown their ability both to ignore the common good where there is a buck to be made, and so it was to prove again.

Man­­agers and directors of the ten have begun to make it clear that a future without the Old Firm was not only an option, but might even be preferable. Fans will see their departure as a chance for real competition to be returned to an SPL championship