WORDS OF WISDOM

"Albert Einstein regarded religions as "childish" and "primitive legends", a private letter he wrote a year before his death has revealed. The great scientist's views on religion have long been debated, with many seizing upon phrases such as "He [God] does not throw dice" as evidence that he believed in a creator. But the newly-unveiled letter, a response to the philosopher Eric Gutkind, has cast doubt on the theory that Einstein had any belief in God at all towards to the end of his life. In the letter, dated January 3 1954, he wrote: "The word god is for me nothing more than the expression and product of human weakness, the Bible a collection of honourable, but still primitive legends which are nevertheless pretty childish." (Daily Telegraph, 13 May) RD

Marketing kids and education

David Buckingham, a professor at the Institute of Education, University of London and a leading authority on children and the media, said that the "privatisation" of schools could be affecting children's education...The involvement of commercial companies in the running of schools - that's something which potentially has implications for children's wellbeing," he said.
"From my point of view commercial resources in classrooms - Shell's introduction to the oil industry, Coke machines in schools - there's a continuum from there to commercial companies that provide school meals, to commercial companies being involved in education on all sorts of levels including management...Carphone Warehouse, Microsoft, Dixons and Granada Learning are all running academies. The schools minister, Lord Adonis, has said that every school should be in partnership with a business, and the government is promoting trust schools, which see businesses helping to run and advise schools.
Buckingham said the links went further than academies. Firms were increasingly sponsoring school sport, music classes and homework clubs, in what amounted to "privatising" state schools, he said...Buckingham said there was convincing evidence that the amount of marketing to children was intensifying and it was happening at a younger age.

THE NEW COLONIALISTS

"Chinese companies will be encouraged to buy farmland abroad, particularly in Africa and South America, to help guarantee food security under a plan being considered by Beijing. A proposal drafted by the Ministry of Agriculture would make supporting offshore land acquisition by domestic agricultural companies a central government policy. Beijing already has similar policies to boost offshore investment by state-owned banks, manufacturers and oil companies, but offshore agricultural investment has so far been limited to a few small projects."
(Financial Times, 8 May) RD

NICE FOR WHOM?

"Britain faces two years of economic pain and could sink into recession, the Governor of the Bank of England has warned. Mervyn King gave notice of a further squeeze on living standards, forecasting that inflation would climb to 3.7 per cent and remain high for two years. "The nice decade is behind us," he said." (Times, 15 May) RD

SAME MAG - DIFFERENT LIFES

"90 per cent of Tanzia's 36 million people live on less than £1 a day." (Page 17)
"No other supercar catches onlookers off-guard as seductively as a Ferrari, finds Polly Vernon. Ferrari F430 Spider F1 - £137,852." (Page 74)
(Observer Magazine, 11 May) RD

A MODERN THEOLOGIST?

"The current Bishop of Durham, fourth most senior cleric in the Church of England (after Canterbury, York and London), is also its leading evangelical theologian. Time magazine recently described him as "one of the most formidable figures in the world of Christian thought" and "a hero to conservative Christians worldwide". He has also just written a book, Surprised by Hope, in which he spells out a view many will find extraordinary. It is not just that, as an evangelical, he believes forcefully in the authority of scripture and the historical truth of the Gospels. Nor is it that, like most on that conservative wing of the Church, he is strongly opposed to gay priests. The Right Reverend Wright believes in the literal truth of the Resurrection. The day will come, he says, when Christ will come to join the heavens and the earth in a new creation and the dead will rise." (New Statesman, 10 April) RD

PROFIT AND LOSS

A shocking example of capitalism's priorities was recently revealed.
"There is growing concern that the Health and Safety Executive is failing at its job as it struggles with a growing number of workplace deaths. The HSE has reduced the number of its inspectors by around 25 per cent in five years from 916 to 680. Firms on average face an HSE inspection just once every 14.5 years. ... Last year 77 construction workers died, up from 60 in 2006." (Observer, 11 May)
Last year the HSE under spent its budget by £12 million, so from the standpoint of profit and loss what are 77 grieving families? RD

CHRISTIAN DECLINE

"Church attendance in Britain is declining so fast that the number of regular churchgoers will be fewer than those attending mosques within a generation, research published today suggests. The fall - from four million people who attend church at least once a month today - means that the Church of England, Catholicism and other denominations will become financially unviable. ... According to Religious Trends, a comprehensive statistical analysis of religious trends in Britain, published by Christian Research ..." (Times, 8 May) RD

UNEXPECTED PRAISE

Socialist are used to journalists parodying the works of Karl Marx and extolling the virtues of capitalism so it comes as a pleasant surprise to read Simon Caulkin, the Management Editor in the Business and Media section of the Observer having something worthwhile to say on the subject.
"Along with creeping monopolies, growing inequalities and the all-absorbing momentum of the capitalist markets, Marx foresaw many of the effects of globalisation, which he called "the universal interdependence of nations", not least the effect of an international "reserve army of the unemployed" in disciplining and depressing the wages of workers in the developed economies. His description of the "cash nexus" foreshadowed the economic rationality at the centre of today's mainstream economic and management theories." (Observer, 11 May) RD

PRIMITIVE ACCUMULATION

"In the semi-arid forests of the Chaco region of Paraguay, where summer temperatures top 40C (104F), the continent's last non contacted Indians outside of the Amazon basin are on the run, their traditional forest home increasingly encroached upon by ranchers. ... These formerly nomadic tribes’ people struggle to maintain a semblance of their traditional way of life in camps on the edge of the agricultural colonies that invaded their territory." (Times, 6 May)
This process called by Karl Marx the so-called primitive accumulation of capital was dealt with him in his Das Kapital (1867), mirrors what had happened in Europe at the beginning of capitalism. "In actual history it is notorious that conquest, murder, briefly force, play the great part ...As a matter of fact, the methods of primitive accumulation are anything but idyllic." (Page 668) A view echoed by one of the Indians in the Times - "The whites are violent. They just want land. We are afraid of them, they are very aggressive." RD

A WARMONGER SPEAKS

"John Bolton, America’s ex-ambassador to the United Nations, has called for US air strikes on Iranian camps where insurgents are trained for war in Iraq. Mr. Bolton said that striking Iran would represent a major step towards victory in Iraq. While he acknowledged that the risk of a hostile Iranian response harming American’s overseas interests existed, he said the damage inflicted by Tehran would be “far higher” if Washington took no action. “This is a case where the use of military force against a training camp to show the Iranians we’re not going to tolerate this is really the most prudent thing to do,” he said. “Then the ball would be in Iran’s court to draw the appropriate lesson to stop harming our troops.” Mr Bolton, an influential former member of President George W Bush’s inner circle, dismissed as “dead wrong” reported British intelligence conclusions that the US military had overstated the support that Iran was providing to Iraqi fighters." (Daily Telegraph, 6 May) RD

THE NUTTY PROFESSOR

"Marxist historian, Professor Eric Hobsbawm, 90, tells the Morning Star, the comrade's bugle, that Communism is finished because "the industrial working class" isn't interested any more. But Communism is flourishing in China where it takes the form of state capitalism."
(Daily Mail, 1 May) RD

AN UPPER CLASS TWIT

On Henry Conway, 25 year-old son of disgraced MP Derek Conway: "We might reasonably have hoped that, having being exposed as receiving £32,000 in parliamentary allowances while an undergraduate at Cambridge, he might have felt chastened and laid low. The more naive among us might even have hoped he would get a proper job, with a view to paying back some of the taxpayer's money. But, no. Last month Conway - who once threw a party called "F*** off I'm rich" - arrived at Mahiki, a naff London cocktail bar favoured by Prince William and Harry, in a horse-drawn carriage and dressed as a Regency dandy." (Times, 8 May) RD

CRISIS! WHAT CRISIS?

"Auction houses Sotheby's and Christie’s are confident of selling up to $1.8bn of Impressionist, postwar and contemporary artworks during the New York season beginning on Monday– 25 per cent more than last year – in spite of signs of nervousness among collectors." (Financial Times, 9 May) RD

BUSINESS AS USUAL

"Burma is still exporting rice even as it tries to curb the influx of international donations of food bound for the starving surviviors of the cyclone that killed up to 116,000 people. Sacks of rice destined for Bangladesh were being loaded on to a ship at the Thilawa container port at the mouth of the Yangon River at the end of last week, even though Burma's "rice bowl" region was devastated by the deadly storm a week ago. The Burmese regime, which has a monopoly on the country's rice exports, said it planned to meet all its contractual commitments."
(Observer, 11 May)
Inside capitalism business is business, and the fact that millions of Burmese risk death by starvation is of no concern. That is how capitalism operates, during the Irish potato famines foodstuffs were still being exported from Ireland. RD

THE KILLER SYSTEM

Supporters of capitalism claim that it is the most efficient way to run society, but that is a claim that rings hollow to millions of hungry people today, as even one of capitalism's stoutest supporters is forced to admit. "Giant agribusinesses are enjoying soaring earnings and profits out of the world food crisis which is driving millions of people towards starvation,
The Independent on Sunday can reveal. And speculation is helping to drive the prices of basic foodstuffs out of the reach of the hungry." (4 May) RD

WORDS OF WISDOM

"What's more, the genomes of complex creatures reveal a lack of any intelligence or foresight. Your DNA consists largely of millions of defunct copies of parasitic DNA. The inescapable conclusion is that if life was designed, the designer was lazy, stupid and cruel." (New Scientist, 19 April 2008) RD

RELIGIOUS CANT

"The Archbishop of Westminster has urged Christians to treat atheists and agnostics with "deep esteem". Believers may be partly responsible for the decline in faith by losing sense of the mystery and treating God as a "fact in the world", he said in a lecture. Cardinal Cormac Murphy-O'Connor called for more understanding and appreciation between believers and non-believers. The leader of Roman Catholics in England and Wales said that a "hidden God" was active in everyone's life." (BBC News, 8 May)
This hidden god may well be evident to the well fed Archbishop but he remains well hidden to the millions of starving children throughout the world. RD

THINGS CAN ONLY GET BETTER?

"The number of homeowners facing repossession orders after failing to keep up with mortgage payments is up, says the Ministry of Justice. It says the number of orders made by the courts in England and Wales at an early stage of the repossession process rose 17% in the first quarter of 2008. There were 27,530 orders made, up from 23,438 in the same period of 2007."
(BBC News, 9 May) RD

A DEPRESSING SOCIETY

"Depression symptoms could be a problem for large numbers of teenagers, suggest surveys for the Children's Society. More than a quarter of 14 to 16-year-olds questioned said that they frequently felt depressed. A leading child psychiatrist said more support, and resources, for parents were essential to tackle the problem. (BBC News, 24 April) RD

DIGNITY? NO WAY

"Eight out of 10 nurses say they have left work distressed because they have been unable to treat patients with the dignity they deserve, a poll suggests. The Royal College of Nursing (RCN) poll of more than 2,000 UK nurses cited washing and privacy as key issues." (BBC News, 27 April)
The NHS is provided for members of the working class. They are the class that produce all the wealth of the world but being poor can ill afford the best of housing, food or even medical care. Dignity for the only worthwhile class in society is a foreign concept. RD

WORDS OF WISDOM

"Global food price rises are leading to "silent mass murder" and commodities markets have brought "horror" to the world, the United Nations' food envoy told an Austrian newspaper on Sunday. Jean Ziegler, UN special rapporteur on the right to food, told Kurier am Sonntag that growth in biofuels, speculation on commodities markets and European Union export subsidies mean the West is responsible for mass starvation in poorer countries. Ziegler said he was bound to highlight the "madness" of people who think that hunger is down to fate. "Hunger has not been down to fate for a long time -- just as (Karl) Marx thought. It is rather that a murder is behind every victim. This is silent mass murder," he said in an interview. Ziegler blamed globalization for "monopolizing the riches of the earth" and said multinationals were responsible for a type of "structural violence." "And we have a herd of market traders, speculators and financial bandits who have turned wild and constructed a world of inequality and horror. We have to put a stop to this," he said." (Yahoo News, 20 April) RD

KNOCKING SHOPS KNOCKED BACK

"Deutsche Bank, Germany's largest, has been hit by the global credit crunch so badly that it has issued a memorandum to senior executives telling them that brothel visits and adult channels in hotel rooms cannot be claimed on expenses. ...A Deutsche Bank insider said: "In the good old days, you could pass off a trip to a knocking-shop as a restaurant if the name wasn't too obvious. But we're in an uptight, locked-down new Puritanism now, not helped by sub-prime or VW." (Independent, 23 April) RD

THE HORRORS OF CAPITALISM

"The Australian government has launched an investigation into claims that aboriginal children seized from their parents during the 1920s and 1930s were secretly used as guinea pigs for leprosy treatments. The allegations surfaced at a Senate inquiry this week into plans to compensate the "stolen generation" of aboriginal Australians who were taken from their families as part of a government programme. "As well as being taken away, they were used... There are a lot of things that Australia does not know about," Kathleen Mills, a member of the Stolen Generations Alliance and an indigenous elder, told the hearing. Ms Mills said children held at a compound in Darwin were injected with serums designed to be used in the treatment of leprosy – a practice which seriously damaged their health. Her uncle, who worked there as a medical orderly, had told her about the sinister goings-on." (Independent, 20 April) RD

CRISIS? WHAT CRISIS?

"Walking around the Salon International De La Haute Horlogerie, the annual luxury-watch trade fair in Geneva, Switzerland, it is difficult to get much of a sense of the impending disaster that stalks the world's financial markets. On the first day I was shown a baguette-set tourbillon wristwatch made by Jaeger-LeCoultre, retailing for €409,840; three orders had been taken before lunch—and the fair hadn't even officially opened yet. Across the country, at Switzerland's other, older watch fair in Basel, Jean-Claude Biver, the effervescent boss of the newly resurgent sports brand Hublot, told me he took orders for €159.4 millions' worth of watches, compared with €81.9 million at last year's fair. If anything, the problem that many brands have encountered is managing to deliver all the watches for which they have taken orders." (Newsweek, 12 April) RD

MORE PROFIT MEANS MORE HUNGER

"This year global production of biofuels will consume almost 100 million tons of grain – grain that could have been used to feed the starving. According to the UN, it takes 232kg of corn to fill a 50-litre car tank with ethanol – enough to feed a child for a year. The UN last week predicted "massacres" unless the biofuel policy is halted. Jean Ziegler, the UN's special rapporteur on the right to food, said biofuels were "a crime against humanity", and called for a five-year moratorium." (Independent, 16 April)
The UN can issue all sorts of pious resolutions, but if is more profitable to produce bio-fuels than food, then that is what capitalism will do. RD

THE DISTORTION OF SCIENCE

Producers of genetically modified foodstuffs often claim that it is the answer to world food shortages but recent research suggest otherwise.
"Genetic modification actually cuts the productivity of crops, an authoritative new study shows, undermining, repeated claims that a switch to the controversial technology is needed to solve the growing world food crisis. The study – carried out over the past three years at the University of Kansas in the US grain belt – has found that GM soya produces about 10 per cent less food than its conventional equivalent, contradicting assertions by advocates of the technology that it increases yields. ...The new study confirms earlier research at the University of Nebraska, which found that another Monsanto GM soya produced 6 per cent less than its closest conventional relative, and 11 per cent less than the best non-GM soya available." (Independent, 20 April)
Despite the claims of capitalist firms like Monsanto, GM crops are not the answer. Why do they make such claims? To them profits is the main consideration, not science. RD

100 YEARS OF POVERTY

The columnist Richard Morrison on pensions "The old-age pension is 100 years old. When Asquith introduced it in 1908, it was five shillings a week - a sum that was regarded as shamefully low by progressives in his party. But if even that paltry figure had kept pace with the growth in Britain's GDP, the state pension should now be £161 a week. The actual figure? £90.70p. Some progress." (Times, 30 April) RD

Indian wealth

According to the BBC , UK developers are heading to India in search of wealthy new customers for their luxury flats. But why would anyone invest in London's wobbly property markets? Because the super-rich still have plenty of cash to spend.

One of the world's most expensive homes is currently being built in Mumbai for Reliance head Mukesh Ambani. His personal skyscraper will boast six storeys just for parking cars, and is expected to cost nearly $2 billion by the time it is complete.

Nick Candy, one half of the design and development firm Candy & Candy, is in Mumbai to drum up interest for his own super-luxury project, One Hyde Park. The central London project is offering apartments - to the right kind of customer - for an average of £20m. Mr Candy is a man used to dealing with the fabulously rich. But he says, "I'm flabbergasted by the amount of wealth in India. It's staggering."
Candy & Candy specialises in strictly top-end property. Its customer base is a roll-call of the super rich: royals, entrepreneurs, private company bosses. It's now looking to open an office in India. India now has more billionaires than any other country in Asia - 36 at the last count. Together they are worth nearly $200bn. India's top three richest people are all successful businessmen, but have made their money in old-economy industries, such as oil and property.
And while they have thrived in India's new economy, they have all built their wealth on fortunes inherited from their parents.

Many of those super-rich are now keen to invest their wealth around the globe. But why would Indian investors want to put money into London's property market now the boom is over?
"It's going to be very tough in America, and I think the UK will probably mirror it six months later," admits Mr Candy. But, he says, this applies only to properties under £2m where buyers need to borrow the money. There, you can expect "serious reductions in prices", according to Mr Candy - "and you're looking at a lot more than 10%." For top-end property - costing more than £5m - he thinks prices will be stable. There are not many people who can afford that level of luxury - and in London, there are still very few properties for them to buy.

Besides, says Mr Candy, "they've still got huge amounts of wealth. Maybe it's come down from $1bn to $500m - or if they've been very unlucky, it's $50m. But it's still huge amounts of wealth."

And of course they are the economic migrants that the government want .

Blair's Riches

Tony Blair have bought a £4 million stately home that once belonged to the late Sir John Gielgud, it was reported . The Grade 1 listed mansion in Wotton Underwood, Buckinghamshire, has seven bedrooms, a drawing room, ornamental gardens and two paddocks. The house, South Pavilion, built in 1704, is said to have been snapped up by the Blairs before being put on the open market. It has undergone extensive renovation since it was Gielgud's home and now includes a four-bedroom converted outbuilding.

The Blairs' property portfolio already includes two houses in London, two flats in Bristol and a home at Trimdon Colliery, Co Durham, in his former constituency.

Seems as if he has no problem with the credit crunch that his pay-masters in the banking world created .

tails we win , heads you lose

Before it was rising house prices that left workers unable to get a foot on the housing ladder , now its the refusal of mortgages .

It is reported that Building Societies are now only lending to one in 10 would-be homeowners, compared with a traditional level of almost one in five. A 68% decline means that building societies are scaling back lending as a result of the credit crunch even more severely than major mortgage bank rivals, such as Halifax and Cheltenham & Gloucester.

And for those workers lucky to have a house , prices in the UK are dropping by almost £500 every week . The Halifax said the average home price has fallen £8,136 since the start of the year reaching £189,027 - a fall of £479 a week. Two other surveys - from the Nationwide and Hometrack - also said it was the first time since the mid-1990s that house prices were down year-on-year.

Seema Shah, economist at Capital Economics, said: "The last time we saw two such large falls in consecutive months was during the depths of the housing market crash of the early 1990s, and even those falls fell short of the declines seen in the past two months...With the economy and labour market set to weaken further, our forecast for a 20% fall in house prices by end-2009 is firmly on track,"

Under capitalism , workers just can't win

SOMETHING SMELLS HERE

"To the small town of San Giovanni Rotondo, in Southern Italy, they came in their thousands - devotees of St Pio of Pietrelcina, better known as Padre Pio, whose remains went on display to the public for the first time since his death 40 years ago. ... Padre Pio, was born in 1887 and died in 1968, is Catholicism's most widely and fervently worshipped saint. During his lifetime he was believed to have borne the stigmata - the wounds of the crucified Jesus - on his body, to have performed many miracles of healing, to have had the capacity of being in two places at the same time and to have emitted a strong aroma of wild flowers."
(Times, 25 April) RD

LABOUR RE-DISTRIBUTES WEALTH!

"The fortunes of Britain's richest 1,000 have risen by £53 billion, almost 15 per cent, in the last year. Their wealth has quadrupled from £99 billion to £412.8 billion since Labour came to power in 1997." (Times, 28 April) RD

Mayday Rallies

SPGB members and sympathisers will be out and about at the Mayday rallies in Edinburgh and Glasgow this coming weekend, distributing Socialist Standards and leaflets .

Details of Saturday's Edinburgh Mayday Rally here

Details of Sunday's Glasgow Mayday Rally here

Mayday belongs to the workers – we have a world to win, and we can win it.

FREESCALE CLAYMORE HOVERS STILL

In an article published on this site
We reported that plans of the possible stopping of production at the former Motorola semiconductor plant at in East Kilbride under the codename Operation Claymore. Various assurances were made about demanding answers etc, however, it seems everyone is still in the dark
in an article named, Are we next?, ask Freescale workers. EKMail, Wednesday the 30th April reports, Freescale bosses have moved to deny rumours they have brought in temporary HR staff to oversee mass redundancies at the troubled plant. In a week when another major employer JVC announced it was to shut up shop at the end of July after months of speculation, these rumours point to a new low in the morale of the 900 workers at the Kelvin industrial estate factory.
The former Motorola semiconductor plant at in East Kilbride was taken over by the new Texan owners, Freescale, last year, it was reported that they were putting the giant plant up for sale.
The plant was opened up in 1969, it is thought that Freescale will only keep their research and development arm which would save about 300 jobs at most. However, 900 workers are set to lose employment.
At that time Local MP Adam Ingram says he has been told nothing officially by Freescale and would be demanding answers tomorrow. It seems he never got any answers because workers say they have been growing increasingly frustrated with bosses who they accuse of keeping them in the dark over the plant’s future. A worker at the plant reports
“The latest rumour is that they have started some HR people on six month contracts. It’s only rumoured, but we reckon that it’s to make up the redundancy packages. But nobody upstairs is saying anything. Not a word.”The worker believes there are worrying parallels to be drawn between the fate of JVC in College Milton and the Kelvin technology manufacturer.He said: “The feeling here is that the closing of JVC was inevitable. “The writing has been on the wall for some time there, as it has been here for a while. There are certain similarities between JVC and Freescale. They weren’t told what was happening there either and it is the same here. It just seems to be the way things are now.“It’s the old mushroom syndrome – keep them in the dark and feed them a load of crap.”
The profit motive will always prevail in a capitalist society, lets go for a society that gets rid of the profit motive, Socialism.

GLOBAL BONDAGE

"Some of the world's leading computer makers don't want you to know about Local Technic Industry. It's a typical Malaysian company, one of many small makers of the cast-aluminum bodies for hard-disk drives used in just about every name-brand machine on the market. But that's precisely the problem: it's a typical Malaysian company. About 60 percent of Local Technic's 160 employees are from outside Malaysia—and a company executive says he pities those guest workers. "They have been fooled hook, line and sinker," he says, asking not to be named because others in the business wouldn't like his talking to the press. "They have been taken for a ride." It's not Local Technic's fault, he insists: sleazy labor brokers outside the country tricked the workers into paying huge placement fees for jobs that yield a net income close to zero. ...So why don't those foreign employees just quit? Because they can't, even after they find out they've been cheated. Malaysian law requires guest workers to sign multiple-year contracts and surrender their passports to their employers. Those who run away but stay in Malaysia are automatically classed as illegal aliens, subject to arrest, imprisonment and sometimes caning before being expelled from the country." (Newsweek, 21 April) RD

Heart-breaking

It is reported that the number of people in Scotland's poorest areas dying from heart disease has dropped , however, despite the drive to reduce the difference in life expectancy between the rich and poor, experts said there was little evidence the decline in heart disease deaths was any greater in deprived communities than elsewhere.
Those living in areas of deprivation are still at higher risk of dying from coronary heart disease . GPs in deprived areas have 30% more coronary heart disease patients and are likely to have less time for all of them.

33,000 MORE HOMELESS

"Homeowners face the threat of soaring repossessions this year, with a 25 per cent increase in the number of properties expected to be seized by the banks and building societies as mortgage costs remain stubbornly high. According to a report today from the Centre for Economic and Business Research (CEBR), more than 33,000 borrowers will lose their homes once their fixed-mortgages, agreed prior to the credit crunch, come to an end and interest costs rise." (Observer, 27 April) RD

DOES CAPITALISM WORK?

"In Cameroon, 24 people have been killed in food riots since February, while in Haiti, protesters chanting, "We're hungry" forced the prime minister to resign this month. In the past month, there have been food riots in Egypt, Cote d'Ivoire, Senegal, Burkina Faso, Ethiopia, Indonesia, Bangladesh and Madagascar. The World Bank now believes that some 33 countries are in danger of being destabilized by food price inflation, while Ban Ki-Moon, the UN secretary-general, said that higher food prices risked wiping out progress towards reducing poverty and could harm global growth and security." (Daily Telegraph, 22 April) RD

BUSINESS AS USUAL

"An electronics factory in East Kilbride is to close with the loss of 300 jobs, a union has told BBC Scotland. JVC will shut in July and work will be moved to Poland, a Unite official said. Jimmy Farrelly said employees at the College Milton plant, which makes television sets, had been "stunned" by the announcement." (BBC News, 26 April)
A TU official may well be "stunned", but socialists are not. That is how capitalism operates. Inside capitalism you must.on pain of extinction, cut your costs to survive. Three hundred workers on the dole? Who cares, this is capitalism. RD

US INTEREST IN AFRICAN OIL

"In any event, America's attitude has changed sharply since a Pentagon report in 1995 said that Africa was of “very little traditional strategic interest”. The administration has so far spent $127m on AFRICOM and has asked for another $389m for 2009. America's key interests in Africa remain terrorism and oil. Terrorists linked to al-Qaeda attacked the American embassies in Kenya and Tanzania in 1998, killing more than 200 people. America gets more than 15% of its oil from Africa, and the figure is rising. It also worries about China's growing influence there." (Economist, 10 April) RD

BIG BROTHER IS LISTENING

"Hundreds of benefit fraudsters have been caught out by lie-detector technology. More than 370 people were identified fiddling their benefits in Lambeth, South London. As part of the pilot project, Lambeth Council staff phoned 2,000 residents and used Voice Risk Analysis, which picks up tiny changes in the voice that show a person is lying. Benefit staff then made further checks to see if claims needed investigation. A total of 638 people were investigated and 377 were caught lying and had their benefits stopped or decreased." (Times, 21 April) RD

Our betters

Tax-exile , Lord Laidlaw of Rothiemay, Scotland's fourth-richest man , flew prostitutes from Britain to a £6000-a-night hotel suite in Monte Carlo, where they drank champagne, before indulging in lesbian and bondage sex acts , reports the Herald .

The peer is said to have more or less single-handedly bankrolled the Scottish Conservatives and has loaned or donated Tory HQ around £6m. He is also one of the key benefactors to Boris Johnson's bid for the London mayoralty, having handed over £25,000 to the Henley MP's campaign to oust Ken Livingstone.

The peer has a love of fast boats, fast cars and helicopters. As well as his £3m home in Monte Carlo, he has a £4m vineyard on the French Riviera, a £10m estate near Capetown, a £2m home in London's Eaton Square, a mansion in Scotland and a £14m home in Hampshire.

Same paper , different article , the more frequently men use prostitutes, the more likely they are to be sexually aggressive towards other women, according to new research.

Many of the men believed that the money paid cancels out the harm caused. Jan Macleod, development officer with the Women's Support Project, said:
"[of these men] Somehow they kid themselves that these women are there out of choice and that they are earning lots of money and that it means they are doing nothing wrong."

Grangemouth Strike

Unions in dispute are often depicted as selfish workers striking out of self interest. These workers are striking to prevent their company’s pension scheme being undermined for future workers joining the scheme. They are standing up to protect the pensions of future generations of workers in their industry. Isn't that altruism ? Isn't that self-sacrifice ?

Jim Ratcliffe, 55, owner of the strike-torn Grangemouth refinery , reported to be 25th in this years Times Rich List with wealth of £2.3 billion will have no doubt secured the future of his future generations and progeny .

Ratcliffe has grown Ineos rapidly by making ever-bigger acquisitions funded mostly with debt, says Breakingviews.com. “How come, one might ask? Surely even in today’s markets where liquidity is sloshing around, one needs to fund at least 20% of a deal with equity?” Ratcliffe gets round that requirement by using Ineos as the equity – focusing single-mindedly on growing cash flow to increase the company’s debt capacity. “That way, Ineos is ready to be used as collateral for the next deal”, ensuring that “every few years, he can triple or quadruple in size”.

Nor is Ratcliffe averse to blackmailing .

Having acquired ICI’s Runcorn chlorine plant in 2000, “after one of the longest due diligence exercises in recent history”, Ineos decided it had been “sold a pup” and began petitioning the taxpayer to bail it out. Ratcliffe went for broke, asking the Government for £300m: the alternative, he said, was the closure of the plant with the loss of some 133,000 associated jobs.
The press consensus was that “Ratcliffe of Runcorn should be sent packing”, but he nevertheless still managed to extract £50 million.

BP and Shell will together make record profits of more than $68 billion this year if the oil price stays at current levels, according to City forecasters.

the rich list

Credit crunch ...food inflation ...property price crash ...Yet the UK's super-rich have never been richer reports the BBC . The richest 1,000 people in Britain have seen their wealth quadruple under Labour, according to The Sunday Times Rich List published today.
The top 1,000 richest people in the country now have more than £400 billion between them, it estimates - up almost £53 billion in the last year. A fortune of £80m is needed to be one of Britain's richest 1,000 people - up from £70m in 2007.

Philip Beresford, who has compiled the list since it was first published in 1989, said: "Until now, the 11 years of Labour government have proved a boon for the super-rich, rarely seen before in modern British history..."

“The 11 years of Labour have been absolutely fantastic for the super-rich,” said Philip Beresford, “Having a friendly Labour government has almost been better than having a Tory one..."

RICH LIST TOP 10
Lakshmi Mittal, steel (£27.7bn)
Roman Abramovich, oil and industry (£11.7bn)
The Duke of Westminster, property (£7bn)
Sri and Gopi Hinduja, Industry and finance (£6.2bn)
Alisher Usmanov, Steel and mines (£5.7bn)
Ernesto and Kirsty Bertarelli, pharmaceuticals (£5.6bn)
Hans Rausing and family, packaging (£5.4bn)
John Fredriksen, shipping (£4.6bn)
Sir Philip and Lady Green, retailing (£4.3bn)
David and Simon Reuben, property (£4.3bn

THE NAME IS BOND - CAPITALIST BOND

Capitalism pervades everything in modern society. If you buy a football shirt it will advertise a beer or a soft drink. Formula 1 car racing would be impossible if advertising logos didn't cover every space on the cars and the drivers. It is in the entertainment business though that this pervasive influence is growing at an astonishing speed. "The name is Bond, James Bond. And he likes his Martinis shaken, not stirred. That is, as long as they are Smirnoff. Product placement is playing an increasingly important role in Hollywood blockbusters. The last Bond film bore a string of high-end sponsors, such as Omega, Sony, Ford and Sony Ericsson. Television shows have also lured advertisers, often preferring product placement or sponsorship over traditional advertising. .. The expectation is that television advertising will become more about the 30-minute sponsored advertisement than the 30-second shot." (Times, 21 March) RD

health of the workers

Yet another finding that being poor increases the chances of an early death .

A clear link between wealth and health has been highlighted in a study of middle-aged Americans. Being better-off was associated with a significantly lower risk of stroke between the ages of 50 and 64. Other findings linked a lack of wealth with higher blood pressure, excessive weight, diabetes and heart disease.

Scientists analysed data from 19,445 men and women involved in in the University of Michigan Health and Retirement Study which surveys people aged 50 and over every two years. Over an average period of eight-and-a-half years, a total of 1542 of the participants suffered a stroke.
The researchers divided the participants' wealth levels into six categories. They found that the 10% at the bottom of the wealth ladder had three times more stroke risk between the ages of 50 and 64 than those at the top, excluding the "ultra-rich".

Dr Mauricio Avendando, from the Erasmus Medical Centre in Rotterdam, the Netherlands, who co-led the research, said:
"Lack of material resources themselves, and particularly wealth, appear to strongly influence people's chances to have a first stroke."

There should be a health warning placed upon every worker - wage slavery can lead to premature death .

NOT TOO TOUGH

"A handful of the City's top hedge fund managers shared an extraordinary payout of more than $2 billion last year as star dealers profited from the meltdown in America's sub-prime mortgage markets. Top of the UK list of mega-earners for the year were Noam Gottesman and Pierre LaGrange, the two co-founders of GLG Partners, the $24 billion London based hedge fund. Mr Gottesman and Mr LaGrange were paid a staggering $350 million each, according to Alpha, a specialist hedge fund magazine that yesterday published a list of the top 50 best-paid managers worldwide for 2007." (Times, 16 April) RD

TOUGH AT THE TOP?

"At £70,000 for only 50 minutes' effort, it works out at a rate of £80k an hour. Amazingly, canny Paris Hilton got paid that incredible sum just for turning up at trendy Mayfair nightclub Mahiki on Monday night. But does the It Girl appreciate her good fortune? Hardly. We can reveal the heiress turned up two hours late for her appearance at Prince Harry's favourite watering hole. (Daily Mirror, 16 April) RD

NO OLD BANGERS HERE

"A Bentley Arnage, the marque's top-of-the-range vehicle, costs between £170,000 and £230,000 for the Brooklands coupe version. The Continental, a sporty and cheaper model, starts at £125,000." (Times, 27 April) RD