A MURDEROUS SYSTEM

"As dawn broke over the desert, the body was still hanging beneath the overpass, having been suspended from it - decapitated and dangling by a rope tied around the armpits - at 4.30am. The sun rose ... and it was still there three hours later, swaying, headless, in the cold early morning wind which kicks up dust and cuts like a scalpel through the Mexican border town of Ciudad Juarez, the most dangerous city in the Americas, and probably in the world. This macabre murder takes the number of executions in the city of 2m people to about 1,300 this year, and the toll across Mexico - with most of the killing concentrated along the border with the US to about 4,300. The body count is the result of feral slaughter among Mexican narco cartels fighting for the plazas, or corridors, of narcotics flowing into the US."
(Observer Magazine, 7 December) RD

CRISIS IN THE USA

"November was the worst month in US labour market since the oil crisis of 1974, as more than 500,000 US workers were laid off, according to official figures released on Friday. But Graham Turner, of consultancy GFC Economics, says the rising cost of corporate debt is now flashing a red warning signal that far worse is to come over the next few months and job losses are heading for levels last seen in the 1930s Great Depression." (Observer, 7 December) RD

INDIAN CLASS DIVISION

"India might have more billionaires on the Forbes 400 than ever before, but 80% of its population still lives on less than $2 a day. Public schools are ineffective: 40% of enrolled 8- to 11-year-olds cannot read a page. More than 440 million Indians, 40% of the population, are under 18, and it is not clear how India will generate enough jobs over the next two decades to employ them."
(Time, 4 December) RD

SIGN ON OR STARVE

"Sgt. Ryan Nyhus spent 14 months patrolling the deadly streets of Baghdad, where five members of his platoon were shot and one died. As bad as that was, he would rather go back there than take his chances in this brutal job market. Nyhus re-enlisted last Wednesday, and in so doing joined the growing ranks of those choosing to stay in the U.S. military because of the bleak economy. "In the Army, you're always guaranteed a steady paycheck and a job," said the 21-year-old Nyhus. "Deploying's something that's going to happen. That's a fact of life in the Army — a fact of life in the infantry." In 2008, as the stock market cratered and the housing market collapsed, more young members of the Army, Air Force and Navy decided to re-up." (Yahoo News, 2 December) RD

HIGH STREET BARGAINS

Beautifully coloured magazines with gorgeously gowned young women photographed in exotic locations will be used to advertise the wares of multi-millionaire chain stores, but behind this glossy facade lurks the realities of modern capitalism. "Workers producing clothes in Bangladesh for some of the UK's biggest retailers are being forced to work up to 80 hours a week for as little as 7p an hour, according to a report published today. The study from War on Want claims that conditions in six factories supplying Primark, Tesco and Asda are worse than they were two years ago when the charity carried out its first investigation. Based on interviews with 115 workers in the Bangladeshi capital, Dhaka, today's report claims many were struggling to survive on meagre wages and some were subjected to physical and verbal abuse."
(Guardian, 5 December) RD

Socialist Standard December 2008

Pages: 1 2 3 4 5 6 7 8 9 10 11 12

editorial: contents: Also available as HTML (image lite) and PDF

Pages: 13 14 15 16 17 18 19 20 21 22 23 24

Indymedia was down so..

More on this here.







More on this here.
---------------------------
M.C.

HEALTH CARE IN CAPITALISM

"WASHINGTON – Doctors-in-training are still too exhausted, says a new report that calls on hospitals to let them have a nap. Regulations that capped the working hours of bleary-eyed young doctors came just five years ago, limiting them to about 80 hours a week. Tuesday, the prestigious Institute of Medicine recommended easing the workload a bit more: Anyone working the maximum 30-hour shift should get an uninterrupted five-hour break for sleep after 16 hours."

(Yahoo News, 2 December) RD

IS HIS GOD DEAF?

"Brazil's president asked God to halt the devastating rains that have killed at least 116 people in a southern state and offered new plans on Monday to help tens of thousands of people rebuild ruined homes and businesses. Continuing rains have hindered rescuers' attempts to find bodies of more victims claimed by the mudslides and floods in Santa Catarina state while making it tough for survivors to return home, President Luiz Inacio Lula da Silva said on his weekly radio show. "We're only asking God to stop the rains soon so that we can start to rebuild the state of Santa Catarina," he said. Thirty-one people are still missing, and some officials have estimated the death count could rise to as much as 150. About 80,000 people were forced from their homes by storms that dumped more water on the region during the weekend of Nov. 22-23 than it normally gets in months. Another 8,000 people were displaced in neighbouring Rio de Janeiro state." (Yahoo News, 1 December) RD

Platitudes and Twaddle

A campaign to legalise assisted suicide in Scotland has been launched by Independent MSP Margo MacDonald.

The Lothian MSP, who has Parkinson's Disease, hopes to bring legislation before the parliament next year.

She is sending out a consultation paper and needs the support of at least 18 MSPs to bring forward a Holyrood bill.

Mrs MacDonald, 65, said people should have the right to choose the time and place of their death and she called for a debate on the issue.

Unfortunately for 40 thousand kids a day who die, in the so- called third world this is not the case as they don't reach their first birthday as a consequence of capitalist induced poverty..

Malaria claims the lives of three children every minute. In Africa, it accounts for a quarter of infant mortality.

Anti-malarial drugs like chloroquine and larium, which were once 95% effective, are now almost useless in parts of the Third World.

Because of global warming, the disease is returning to areas where it had been successfully eradicated.

In the Calton ward of Glasgow East, male life expectancy stands at 53.9 years. Iraqi life expectancy is 69 years.

The leader of the Roman Catholic church in Scotland, Cardinal Keith O'Brien, said it was not up to us to decide when we die.

He said: "Life is a gift from Almighty God, given us through Almighty God through the cooperation of our parents.

"If God gives us that gift, He can take that from us but we're not taking it from Him and as it were saying, 'well God, I'm finished with life because I can't cope with cancer or Parkinson's or whatever it has to be'. We just wait on God calling us to himself.

Did you ever read such miserable,superstitious, sanctimonious ,nonsense from a grown man ?

BLING, BLING - ITS THE PHONE

Vertu's Frank Nuovo holds his latest baby, the Boucheron 150, which has been
sculpted from a single slab of gold to resemble a jewel

"Nuovo prefers to avoid too much tawdry talk of price tags, but if the unique 150 isn't his most expensive creation to date, then that would be the Vertu Signature Cobra, which comes coiled in a bejewelled snake (two diamonds, two emeralds, 439 rubies), courtesy of Boucheron. It's attractive, if you like that sort of thing, and worth somewhere in the region of £170,000. If your pockets aren't quite deep enough to purchase the Cobra, then the Vertu Ascent, which chief engineer Hutch Hutchison describes as the company's "entry level" model, retails at a modest £2,900. It may not have much of the bling expected by the average mobile-phone user (no camera, no Bluetooth wireless), but it boasts rather more timeless touches of quality: made from ceramic, stainless steel and a durable alloy called Liquidmetal, the Ascent is finished with hand-sewn leather and a scratch-proof sapphire crystal screen." (Independent, 26 November) RD

COME CLEAN, QUEENIE

"Voice-recognition lie detectors are to be used by two Welsh councils in an attempt to crack down on benefit fraud. People in Flintshire and the Vale of Glamorgan on housing and council tax support will have their speech patterns analysed when claims are reviewed. The Department for Work and Pensions (DWP) is piloting the 12-month scheme in 18 local authorities across Wales and England. However, some critics claim it could deter genuine claimants. Benefits cheats cost the UK taxpayer an estimated £400m a year. A pilot scheme was initially introduced among seven English councils, but has been extended and includes Wales for the first time. Details were announced as part of the Welfare Reform Bill during the Queen's Speech on Wednesday."
(BBC News, 4 December)
This will be hailed by all supporters of capitalism as an excellent wheeze to foil impoverished claimants, but what will happen when the Queen phones up for an increase on her benefits in the civil list? Presumably the lie detector will be switched off for non-impoverished claimants. RD

WORLD HUNGER GROWS

"It is the new face of hunger. A perfect storm of food scarcity, global warming, rocketing oil prices and the world population explosion is plunging humanity into the biggest crisis of the 21st century by pushing up food prices and spreading hunger and poverty from rural areas into cities. Millions more of the world's most vulnerable people are facing starvation as food shortages loom and crop prices spiral ever upwards. And for the first time in history, say experts, the impact is spreading from the developing to the developed world. More than 73 million people in 78 countries that depend on food handouts from the United Nations World Food Programme (WFP) are facing reduced rations this year. The increasing scarcity of food is the biggest crisis looming for the world'', according to WFP officials." (Sunday Herald, 30 November) RD

ISLAMIC BROTHERS?

"The Iraqi army has unearthed 30 decomposed bodies in shallow graves in the country's northern Diyala province. The bodies were found in the predominantly Shi'te village of Albu-Toma, where Sunni Islamis al-Qaeda militants carried out mass sectarian killings against Shi'ites." (Observer, 30 November) RD

RELIGION IN ACTION

"Hundreds of people were killed in the central Nigerian city of Jos when Christians and Muslims clashed over the result of a local election, witnesses said Saturday. "I was at the central mosque this afternoon and I counted 378 dead bodies but just as I was about to leave, 3 more bodies were brought, a correspondent for Radio France Internationale in Jos, Aminu Manu, told AFP. "Hundreds of people have been killed in the last two days since the riots started. Remains of burnt bodies litter some parts of the town; it is so terrible," Christian clergyman Yakumu Pam said." (Yahoo News, 29 November) RD

Poverty makes you thick

A Journal of Cognitive Neuroscience study was described as a "wake-up call" about the impact of social deprivation.
Normal nine and 10-year-olds from rich and poor backgrounds had differing electrical activity in a part of the brain linked to problem solving. The brains of children from low-income families process information differently to those of their wealthier counterparts.
Since the children were, in health terms, normal in every way, the researchers suspected that "stressful environments" created by low socioeconomic status might be to blame.
Dr Mark Kishiyama, one of the researchers, said: "The low socioeconomic kids were not detecting or processing the visual stimuli as well - they were not getting that extra boost from the prefrontal cortex."
Previous studies have suggested that children in low-income families are spoken to far less - on average hearing 30 million fewer words by the age of four.
Professor Robert Knight, added: "This is a wake-up call - it's not just that these kids are poor and more likely to have health problems, but they might actually not be getting full brain development from the stressful and relatively impoverished environment associated with low socioeconomic status."

The Savile Row Richard James garments store

"A leading Savile Row tailor, Richard James, sold "Made in England" suits produced by cheap labour in Africa, The Independent can disclose today. For two years workers on the island of Mauritius – paid a fraction of the wage of a British craftsman – cut the fabric and stitched the suits which sold for between £500 and £2,000. When the suits arrived in the UK, workers in Norwich "finished" the garments by sewing on sleeves and buttons and pressing them. The suits then carried labels stating "Made in England" even though, according to Mr James's company, no more than 25 per cent of the work was done in the UK." (Independent, 29 November) RD

SCREW THE ENVIRONMENT

"The Bush administration finalized rules yesterday that will make it easier for mountaintop mining companies to dump their waste near rivers and streams, overhauling a 25-year-old prohibition that has sparked legal and regulatory battles for years. The regulation got signoffs from the Office of Management and Budget and the Environmental Protection Agency this week and will go into effect 30 days after it is published in the Federal Register. The change is intended to resolve a nearly five-year-old fight over how companies can dispose of the vast amounts of rubble and sludge created when they blow the tops off mountains to get to the coal buried below, although the incoming Obama administration could revisit the issue."
(Washington Post, 3 December) RD

Hypocrisy by the banks

I read that David Lloyd, 62, was told he had terminal lung cancer in January 2006, his wife, Annette Edwards, contacted their bank, the Halifax, to let them know of his predicament and that he would no longer be able to work. They applied for a payout on an insurance policy, and for state benefits, but while they waited for the money to arrive they went overdrawn.
The bank and its agents telephoned the couple 762 times over seven months in what they say is aggressive pursuit of the debt . Their daughter, Stefanie Moore, 29, received 60 to 100 phone calls and two text messages .

The couple feel dehumanised .

Yes that what capitalism does to people . Socialist Courier wonders if the banks now in debt , begging for government bail-outs will ever be treated in such a shameles and heartless manner to demand repayment

capitalist wages

A Government-owned business set up to help alleviate poverty in the developing world paid its chief executive almost £1 million last year, a report has revealed. CDC Group's Richard Laing received £970,000 , more than double a threshold set by its owner, the Department for International Development (DFID). CDC is a fund management company which invests in private businesses in emerging markets, particularly in sub-Saharan Africa and south Asian , in support of DFID's goal of nurturing the growth of the private sector economy in developing countries.
The National Audit Office found that there was "no systematic evidence on the extent to which CDC investment adds to overall investment in poor countries". DFID was "not well-equipped to consider the benefits of its investment" compared to other aid approaches. It also noted that CDC this year had £1.4 billion deposited in cash in the UK, compared to £1.2 billion invested in businesses overseas.
The chairman of the House of Commons Public Accounts Committee, Edward Leigh, said: "It is ridiculous that the chief executive of a Government-owned body aimed at reducing poverty can earn £970,000 in a single year."

poverty wages

Ever wondered why buying new often worked out cheaper than buying at charity shops ?

Foreign workers making clothes for high street fashion chain Primark are existing on as little as 7p an hour . The report also claims workers making clothes for Asda and Tesco are paid similar amounts. The anti-poverty charity War on Want also said Primark was ignoring the rise in basic living costs in the Bangladeshi capital Dhaka, leaving workers worse off than they were two years ago.

Workers claimed they needed the equivalent of £44.82 a month to feed their families and pay for clean water, shelter, clothes, education , health care and transport. War on Want said the average worker earned £19.16 a month, with the majority living in small, crowded shacks, many lacking plumbing and adequate washing facilities.

War on Want campaigns and policy director Ruth Tanner said: "Primark, Asda and Tesco promise a living wage for their garment makers. But workers are actually worse off than when we exposed their exploitation two years ago."

FEELING PECKISH?

"Defying the economic downturn, an Italian white truffle weighing just over 1 kg (2.2 lb) sold at an international auction Saturday for $200,000 (130,000 pounds). The prized tuber went for the second year running to Hong Kong-born casino mogul Stanley Ho after an auction held simultaneously in Rome, London, Abu Dhabi and Macau, auction organisers said. Last December, Ho bought a 1.5-kg specimen -- one of the biggest truffles unearthed in half a century -- for a record $330,000." (Yahoo News, 29 November)RD

PROMISES, PROMISES

Politicians all over the world are renowned for making electoral promises which they later have to renege on, but usually this is sometime after they have been in office. Barrack Obama must have created some sort of speed record in the withdrawal of electoral promises annals - he hasn't even taken office and has reneged! "President-elect Barack Obama has quietly shelved a proposal to slap oil and natural gas companies with a new windfall profits tax. An aide for the transition team acknowledged the policy shift Tuesday, after a small-business group discovered the proposal — touted throughout much of the campaign — had been dropped from the incoming administration’s Web site. “President-elect Obama announced the policy during the campaign because oil prices were above $80 per barrel,” the aide said. “They are below that now and expected to stay below that.” (Houston Chronicle, 2 December). RD

THE INSANE SOCIETY

Inside capitalism it is commonplace to learn of workers trying to survive on an income of less than £1 a day, so think of our repugnance on reading how much one parasite gets in a fortnight. "Sir Phillip Green sold his 28 per cent stake in Moss Bros, the gentlemen's outfitter, yesterday, locking in a profit of £1 million in just over a fortnight. The news came the day after the BHS, Top Shop and Dorothy Perkins tycoon said that he had decided not to bid for the company." (Times, 29 November)
A man or a woman struggle all their live to raise a family on a pittance of a wage but a millionaire can get £1 million just by making two telephone calls. Capitalism is truly an insane society RD

LONELY IN THE CITY

Edinburgh's Holyrood district is among the loneliest places to live, the study
says.

Community life in Britain has weakened substantially over the past 30 years, according to research commissioned by the BBC.
The study ranks places using a formula based on the proportion of people in an area who are single, those who live alone, the numbers in private rented accommodation and those who have lived there for less than a year.
The higher the proportion of people in those categories, the less rooted the community, according to social scientists. They refer to it as the level of "anomie" or the "feeling of not belonging".

POVERTY KILLS

"Charities for the elderly predicted that deaths from the cold would rise in the months ahead as temperatures fall. An extra 25,3000 people died in England and Wales between December and March compared with the non-winter average and Age Concern says that this winter is predicted to be especially cold. Gordon Lishman, the director general, said: "We have a higher number of excess winter deaths than every other country in Europe." Help the Aged blamed fuel poverty and urged the Government to act to "prevent the nation's grandparents becoming casualties of winter" (Times, 28 November) RD

THE LEGACY OF WAR

Cluster bomblets are destroyed at a farm in Xiengkhuang

"Imagine growing up in a country where the equivalent of a B52 planeload of cluster bombs was dropped every eight minutes for nine years. Then imagine seeing your children and grandchildren being killed and maimed by the same bombs, three decades after the war is over. Welcome to Laos, a country with the unwanted claim of being the most bombed nation per capita in the world. Between 1964 and 1973, the U.S. military dropped more than 2 million tons of explosive ordnance, including an estimated 260 million cluster munitions -- also known as bombie in Laos. To put this into perspective, this is more bombs than fell on Europe during World War Two. The U.S. bombing was largely aimed at destroying enemy supply lines during the Vietnam war that passed through Laos. The war ended 35 years ago, yet the civilian casualties continue. According to aid agency Handicap International, as many as 12,000 civilians have been killed or maimed since, and there are hundreds of new casualties every year." (Yahoo News, 26 November) RD

GOOD BUSINESS PRACTICE

"The European Union accused drug companies on Friday of adding billions of dollars to health care costs by delaying or blocking the sale of less expensive generic medicines. One common tactic, said Neelie Kroes, the European competition commissioner, was for drug companies to amass patents to protect active ingredients in the medicines — in one case, 1,300 patents for a single drug. Another tactic, she said, was for pharmaceutical companies to sue the makers of generic drugs for ostensible patent violations, which tended to delay the availability of the lower-cost products for years. Ms. Kroes made her comments Friday while presenting the preliminary findings of a broad investigation into accusations of anticompetitive practices in the drug sector. She also turned her sights on the generics companies, which she said had received $200 million from pharmaceutical companies over seven years in exchange for holding their products off the market."
(New York Times, 28 November) RD

NOT SO NICE

"Patient groups will tell a committee of the National Institute for Health and Clinical Excellence (Nice) that there should be more leeway for the approval of drugs which cost more than the approved limit. Nice has asked its Citizens Council to consider in what circumstances it should go over its threshold for drug costs, currently set at around £30,000 a year per patient. Just weeks ago the Government ordered the body to look more favourably on expensive drugs which prolong life for terminal patients. Nice has faced criticism in recent years for denying drugs deemed not “cost effective” or for restricting them to patients in the later stages of their condition. The organisation was forced to overturn a decision to deny Herceptin, the breast cancer drug, to women in the early stages of the disease after a public campaign. More recently Alzheimer’s patients protested against a decision on the drug Aricept, which can slow down the progression of their disease, means that they have to wait for their condition to worsen before they can receive it."
(Daily Telegraph, 27 November) RD

NO THERMOSTATICALLY CONTROLLED BEDS?

"Fears are being raised there could be a jump in the winter death toll. An Age Concern poll of 2,300 people found many over 60s were worried about being able to heat their homes because of soaring energy prices. And with a one of the coldest winters for some years predicted, the charity said the death toll could rise. It comes after figures for England and Wales suggested there was a 7% jump in extra deaths last year despite a relatively mild winter."
(BBC News, 27 November) RD

MORE MADNESS FROM CAPITALISM

"A wealthy female surgeon has commissioned a £1.4 million kennel for her two Great Danes, next to her second home on the exclusive Lower Mill Estate, near Circencester. The kennel has a Jacuzzi, a plasma screen TV, thermostatically controlled beds, a £150,000 music system and a security gate with retinal scanner." (Times, 26 November) RD

REVENUES AND RELIGIONS

"In recent years, dozens of religion-based and guru-led Indian organizations got into the business of making and marketing offerings, be it health tonics, DVDs or education. Now, amid rising competition, including from those trying to piggyback on these brands, these organizations are realizing that they can’t just rely on a wing and a prayer. And, for starters, religious organizations are increasingly applying for a raft of trademark protections and initiating legal action against copycat websites. The International Society for Krishna Consciousness (Iskcon), Divya Yog Mandir of Baba Ramdev fame, and Bochasanwasi Shri Akshar Purushottam Swaminarayan Sanstha (BAPS) that manages Akshardham and other temples in various countries, have all filed for hundreds of trademarks in recent years as they look to protect their growing brand recognition and revenues, and eye new franchise extensions."
(Wall Street Journal, 26 November) RD

MORE RELIGIOUS NONSENSE

"Mobiles are bad for your soul, the Vatican warned yesterday. Phones and computers are making the world so noisy and hectic that people cannot cultivate their spiritual dimension. And without a spiritual life 'you will lose your soul', said Father Federico Lombardi, the Pope's spokesman. The Jesuit priest, who is the director of the Vatican press office, made his remarks on the weekly Vatican TV programme Octavia Dies. He said that modern advances in technology had made the world so noisy and hectic that many people were now in danger of allowing their souls to perish." (Mail Online, 25 November) RD

ANOTHER "EXPERT" RECANTS

"Alastair Darling will be forced to admit tomorrow that the credit crunch has plunged Britain into a deep recession, and the economy will contract for a full year in 2009, for the first time since the early Nineties. As the credit crisis ravaged the world's financial markets earlier this year, the Chancellor insisted repeatedly that Britain's `economic fundamentals` were sound. In the budget six months ago, he pencilled in a strong recovery for 2009."
(Observer, 23 November) RD

DOLE QUEUE DICTIONARY

Everyday you can read about the mounting figures of the unemployment. This used to be called "getting the sack", "getting the bullet" or in Scotland getting "your jottters", but we live in more sophisticated times so they sugar coat it with terms like "being surplus to requirements" or some such business-speak. We think that Nokia must take the prize though. "Is your firm experiencing a "synergy-related headcount restructuring"? This, probably the most ghastly euphemism yet encountered for mass sacking, has been invented by Nokia. Indeed, so proud of it are they that they repeat it, or different versions of it, nine times in a comparatively short announcement." (Times, 22 November) RD

ONLY INSIDE SOCIALISM?

"For a company whose business is rocket science Lockheed Martin has been paying unusual attention to plumbing of late. The aerospace giant has kept its engineers occupied for the past 12 months poring over designs for what amounts to a very long fibreglass pipe. It is, of course, no ordinary pipe but an integral part of the technology behind Ocean Thermal Energy Conversion (OTEC), a clean, renewable energy source that has the potential to free many economies from their dependence on oil. "This has the potential to become the biggest source of renewable energy in the world," says Robert Cohen, who headed the US federal ocean thermal energy programme in the early 1970s." (New Scientist, 19 November) RD

GOOD NEWS FOR SOME

"Pawnbrokers in the Russian capital are enjoying the global credit crunch. The world's worst economic crisis for 80 years has hit Russia hard. Its stock market has dived by over 70 percent since May and the government has promised to spend $200 billion (135 billion pounds) propping up its main banks and businesses. But for Vadim Karashuk, head of Moscow's 16 state-owned pawn shops, business is good. "We're lending out more cash now than ever because the banks are giving less credit," he said, flicking a gold cigarette lighter between his fingers during an interview at his spacious central Moscow office. He estimated his shops now loan around $200,000 a day -- about 15 percent of the total for all Moscow's state and private pawn shops -- compared to about $130,000 two months ago." (Yahoo News, 16 November) RD

A SOCIETY IN CONFLICT

"Eighteen months after the US troop surge aimed at creating the security necessary for Iraqis to resolve their political conflicts, those political conflicts are threatening to become even more complicated. Besides the Arab-Kurd and Sunni-Shi'ite divides, there has long been a struggle among rival political parties for supremacy among the Shi'ites. Shi'ite Prime Minister Nouri al-Maliki recently called for amendments to Iraq's constitution to strengthen the central government's power at the expense of the country's 18 provinces. This week, Maliki's rivals in the southern Shi'ite bastion of Basra submitted a petition demanding a referendum in the oil-soaked province aimed to turning it into a semi-autonomous federal region akin to Kurdistan. Federalism is a deeply divisive issue among Iraqis. The Constitution adopted under U.S. occupation stipulates that any of the 18 provinces, except Baghdad, can combine to form regions similar to the northern Kurdish-run zone, which has been semi-autonomous since 1991. While the Kurds insist upon the principle, the Sunnis have traditionally been strongly opposed."
(Yahoo News, 16 November) RD

ANOTHER EXPERT SPEAKS

"This week Citigroup’s already depressed shares have lost half their value, and shares of Bank of America and JPMorgan Chase are down 30 percent. Those declines have come despite reassuring comments from Treasury Secretary Henry M. Paulson Jr., who told National Public Radio a week ago that people were no longer worried about the possibility of a major bank failure. “I’ve got to tell you,” he said. “I think our major institutions have been stabilized. I believe that very strongly.”The Standard & Poor’s index of 500 stocks fell by more than 6 percent on two consecutive days, Wednesday and Thursday, something that had not happened since July 20 and 21, 1933, in the midst of the Great Depression, when panic was brought on by collapsing commodity prices. Such prices have fallen rapidly this week as well, as evidence mounted of a world recession." (New York Times, 20 November) RD

THE COST OF WAR

When governments count the cost of war they use dollars and pounds and figure what strategic gains or losses have been made, but workers have a much more brutal and realistic way of accounting. Here it is."As of Monday, Nov. 17, 2008, at least 4,200 members of the U.S. military have died in the Iraq war since it began in March 2003, according to an Associated Press count. The figure includes eight military civilians killed in action. At least 3,392 military personnel died as a result of hostile action, according to the military's numbers. The AP count is the same as the Defense Department's tally, last updated Monday at 10 a.m. EDT.The British military has reported 176 deaths; Italy, 33; Ukraine, 18; Poland, 21; Bulgaria, 13; Spain, 11; Denmark, seven; El Salvador, five; Slovakia, four; Latvia and Georgia, three each; Estonia, Netherlands, Thailand and Romania, two each; and Australia, Hungary, Kazakhstan and South Korea, one death each." (Associated Press, 17 November) RD

BUSINESS AS USUAL

Many workers in the USA believe that with the election of a new president all their troubles are over, but the realities of capitalism will soon shatter that illusion. The US must compete in the world-wide struggle for markets and raw materials and to do so they need an immense military budget. How immense was recently revealed. "As President-elect Obama plans for his first budget early next year, the Pentagon is asking for a record amount, according to a senior Pentagon official. The official said the Pentagon's baseline request being sent to the White House will be $524 billion for fiscal 2010, $9 billion more than last year's $515 billion baseline request." (CNN.com, 19 November) RD

Asbestos compensation ruling due

Insurance companies try to wriggle out of compensation claims.

A ruling is expected later that could have profound implications for asbestos-related cancer victims and their families. The High Court is due to give a verdict in a case between victims' families, employers and insurance firms. The hearing has hinged on when an insurance firm was liable - at time of exposure or when a worker becomes ill. If it is ruled the policy in place at the time of illness is the relevant one it may make it harder to get a pay-out. This is in keeping with many claims against employers,.despite reforms over a century for negligence, neglect and just plain poor safety standards,employers attempt to wriggle out of paying high insurance premiums and insurers out of paying compensation claims. By the time some settlement is made in a lot of cases the worker is dead and buried,their families exhausted with the care of them and the employers have taken off to pastures new, their profits intact. It can't even deliver compensation. (As if we can compensate for a life ruined) Capitalism is bad for our health ,the environment,the planet. Lets get rid of it,its wage-slavery and its monstrous legal and financial spin-offs, such as insurance and courts, deciding on the very relief of its victims and establish a sane system of society with' free access' to all we need and require to live a fulfilling and useful life. From a BBC News item

A MURDEROUS SYSTEM

Capitalism is a murderous social system. Millions die in wars and starvation. Little kids die every day because of the lack of clean water and basic medical care. Everywhere you look the buying and selling system kills, maims and starves but even in personal relationships it distorts human judgements and actions. A recent example of how awful it has become came to light recently. "A pensioner was beaten to death with a hammer and a screwdriver by a neighbour who planned to inherit her house to pay off his debts, a jury was told. ... The jury at Nottingham Crown Court was told that Mr Smith decided to kill her because she was becoming frail, and he feared that her money would be spent on her care." (Times, 14 November) RD

American poverty

It is not just third world African countries that has difficulty in feeding its people .
Almost 700,000 U.S. children lived in households that struggled to put food on the table at some point in 2007, according to a federal report.
The U.S. Department of Agriculture's annual report on food security showed that those 691,000 children lived in homes where families had to eat non-balanced meals and low-cost food, or even skip meals because of a lack of money. The number of children struggling to feed themselves adequately rose 50 percent from 430,000 children in 2006.

Nearly 36.2 million children and adults struggled to put proper food on the table in 2007, according to the report. Of the 36.2 million, nearly a third were not able to eat what was deemed a proper meal.
The other two-thirds -- 11.9 million people -- changed their eating habits by eating low-cost foods, participated in federal food and nutrition assistance programs, ate less varied diets or obtained emergency food from pantries or emergency kitchens, according to the report. That number is up more than 40 percent since 2000.

Families headed by single mothers, Hispanic families, African-American families and households with incomes below the poverty line struggled the most, according to the report.

THE FUTILITY OF REFORMISM

"One result of Ethiopia’s dreadful famine in 1984, when at least 1m people starved to death, was the invention of celebrity activism on behalf of the world’s most miserable. Band Aid, then Live Aid, then ever more sophisticated networking and the airing of films of starving children on television helped persuade rich countries’ governments to double aid to Africa as part of a wider set of promises to meet the UN’s eight Millennium Development Goals laid out in 2000, the first of which is to “eradicate extreme poverty and hunger” by 2015. Despite progress in setting up early-warning systems, better procurement methods and the rapid delivery of nutrition in the form of foil packets of plumpy nut, the Horn of Africa has remained a hunger zone. The UN’s World Food Programme (WFP) says the present drought is the worst there since 1984. The International Committee of the Red Cross, which is usually slow to press the panic button, says it may be the tragedy of the decade. At least 17.5m people, the agencies reckon, may face starvation. The WFP is trying to feed 14m of them. High food prices, together with civil strife, the assassination of aid workers by jihadists, and piracy against food convoys sailing from Kenya to Somalia have combined with drought and desert to create a catastrophe. Some 12m of the hungry are in Ethiopia, 3m in Somalia, 2m in Kenya and Uganda, the rest in Eritrea and Djibouti." (Economist, 30 October)

This is typical of the futility of a policy of reformism, many well-intentioned people spend an enormous amount of energy and time in trying to patch up capitalism only to find that instead of a million starving to death they now have over 17 million threatened with the same fate. The only way to solve this awful problem is to abolish the system that produces it and bring about world socialism. RD

A CUT PRICE BARGAIN

"The seller of one of the world’s most luxurious yachts – the 164ft Alibella – is offering a €9.5m (£8.1m) discount to a buyer prepared to complete a deal within the next 30 days. Alibella – which has been finished with gold leaf and marble and comes complete with a helicopter landing pad – is one of a number of super yachts to have had millions of pounds slashed from their asking price in recent weeks. Edmiston & Company, the London-based yacht brokers, have offered Alibella to its clients just six months after the super yacht was launched and delivered to its unidentified owner. “The current global economic conditions have produced a number of interesting opportunities on the large yacht market,” wrote William Christie, a broker at Edmiston, in an e-mail to clients. “The brand new 50 metre Benetti, Alibella [has been] reduced in price by €9.5m ... the owner will sell at this massively reduced price if the deal can be completed in under 30 days.” The discount reduces the cost of the yacht – which can accommodate 14 guests in six cabins – to €24.5m." (Daily Telegraph, 17 November) RD

WHAT RECESSION?

Palladio, the house on Bishops Avenue bought by Lev Leviev for £35 million

"Three enormous houses in Hampstead with billionaire price-tags are being launched in London's depleted and depressed property market with as much chutzpah as if there had been no recession at all. Jersey House in The Bishops Avenue at £40 million, The Mansion and The Villa, both in Courtenay Avenue, at £35 million and £25 million, are looking for mega-rich buyers." (Daily Telegraph, 12 November) RD

OLD AND COLD

"Millions of elderly people will heat just one room in their homes this winter to cut down on soaring heat bills. Research by the charity Help the Aged found that 4.5 million people planned to live in one room in the coldest months. Many would stay in bed longer to keep warm, the charity found. A spokesman said: "It is a scandal that in a civilised society we are behaving in this way." Energy bills have risen by about 30 per cent this year." (Times, 10 November) RD

BORN IN THE USA

"Bruce Springsteen wants to make sure one bank remains solvent: the Community Food Bank of New Jersey. The singer will appear in a newspaper ad for the state's largest food bank that says: "We Can't Let This Bank Fail!" Springsteen has been a supporter of the food bank for 23 years, often donating proceeds from concerts or encouraging fans to bring food donations to his shows. This is the first time he's lent his image to the anti-hunger campaign. The Community Food Bank says the economy has resulted in a 30 percent increase in those needing food and could lead it to ration supplies for the first time in its 26-year history. The food bank assists charities serving a half-million people each year." (Yahoo News, 11 November) RD

DIEING FOR A JOB

"Sixty corpses of would-be refugees from Somalia and Ethiopia were found on a beach in Yemen over the weekend after smugglers forced many of them overboard, an international aid agency said on Monday. Medicins Sans Frontieres (MSF) said the latest victims on the notoriously perilous smuggling route came across the Gulf of Aden from the Somali port city of Bosasso, fleeing war and poverty at home." (Yahoo News, 3 November) RD