Tuesday, August 21, 2007

For those who have too much


Royal Bank of Scotland has awarded millions of potentially lucrative share options to top executives under a controversial new bonus plan a report in The Herald says .


Chief executive Sir Fred Goodwin, head of corporate markets Johnny Cameron, and Larry Fish, head of US subsidiary Citizens, are among the major beneficiaries. The scheme could see executives including Goodwin gain three times their basic salary - which in his case would amount to £3.6 million. Goodwin was granted options over nearly 700,000 shares. Cameron was granted options over 374,332 shares and Fish over 523,640 shares. Finance director Guy Whittaker and retail markets chief Gordon Pell also received big awards.


RBS announced to the stock market yesterday that it had granted options to 15 senior executives which will vest between 2010 and 2017 at an exercise price of 561p, a level which some might view as low by recent standards. RBS shares closed up 1.5p at 577p last night, but were until recently trading well above £6. RBS did not respond to a request for comment on how it had arrived at the apparently low exercise price.

Monday, August 20, 2007

AND THOSE WHO HAVE NOTHING

The contrast between those who have everything and those who have nothing is summed up by this news item. "For 15-year-old Issa, days of summer start when the sun rises over a northern Israeli hill, shining on a garbage dump, a thorny field and then the dirty mattress that is his bed. Issa is among hundreds of Palestinian child labourers who sneak into Israel from the West Bank, hawking or begging at traffic junctions. Israel's massive barrier of walls and fences separating it from the West Bank has made it harder for adult labourers to enter Israel, so families wracked by poverty are increasingly sending their children instead. Children as young as 3 stand at traffic lights for hours, in rain or baking sun. They beg for change or sell cigarette lighters and batteries. At night, they sleep in fields, cemeteries, mosques, drainage canals or on streets. Their earnings are often taken by thieves or shady middlemen, and some are sexually abused or forced to sell drugs." (Yahoo News, 18 August) RD

FOR THE MAN WHO HAS EVERYTHING (2)

Another example of how the rich indulge themelves. "A classic Ferrari once owned by Steve McQueen sold for $2.31 million Thursday night at auction. An anonymous car collector who placed a bid by phone bought the 1963 Ferrari Berlinetta Lusso during an auction that drew 800 people to the Monterey Jet Center and attracted spirited bidding, said Christie's spokesman Rik Pike. The sale price was greater than the estimated pre-sale price of $800,000 to $1.2 million, Pike said. (Yahoo News, 17 August) RD

FOR THE MAN WHO HAS EVERYTHING

"Want the right wristwatch to go with that new $88,000 Vertu phone on your belt? Check out this platinum watch from Swiss timepiece-maker Ulysse Nardin, a one of a kind (or rather, 99 of a kind) gem that gives you a UFO's-eye view of the Earth—all for the bargain price of $100,000. No, it's not encrusted with jewels and it doesn't do Bluetooth, but the Tellurium J. Kepler Limited Edition watch (only 99 were made) has something you won't find on your everyday Timex: a rotating representation of the globe as it might be seen from above the North Pole, complete with a flexible spring representing the terminator between day and night, plus a perpetual calendar that makes a complete rotation once a year." (Yahoo Tech, 17 August) There is surely something sick about a society that cannot even provide food and clean water for millions of people yet can indulge the rich with such nonsense. RD

THE CORRUPT SOCIETY

Capitalism tarnishes everything it touches. Recently we have had the sporting world shocked with tales of cycling drug cheats, football managers and "bungs" and now we have basketball entering the rogues’ gallery. "American sport was rocked yesterday when a leading basketball referee pleaded guilty to passing betting tips to professional gamblers, after an FBI operation linked to the Gambino Mafia family. Tim Donaghy also admitted placing bets on games over which he officiated, in what the head of the National Basketball Association (NBA) described as the the "worst situation" he had ever experienced for the sport." (Times, 17 August) RD

Sunday, August 19, 2007

Keeping up with the Joneskys

A new conservatory ...some decking in the back garden ...perhaps an attic conversion to have an extra room for the kids ...well for some of us that will be a worth-while achievement , but for the capitalist class , its underground tennis courts and three story car parks .

The Times reports that with 15 bedrooms, vast entertaining suites and exquisite plasterwork, 15 Kensington Palace Gardens was one of the most expensive – and exclusive – houses ever to have changed hands in London when it was bought by Leonard Blavatnik, a Russian-born oil tycoon, for £41m in 2004. Yet all that opulence is clearly not enough for Blavatnik . According to plans submitted this summer to Kensington and Chelsea council, the tycoon, who has relocated to London, is seeking permission to excavate under the garden, to the front and rear of the sprawling pile, making space for a three-storey garage with car stacker, a swimming pool, a gym and a private home cinema.

Russian oligarchs, private-equity traders and hedge-fund managers are engaged in a multimillion-pound game of one-upmanship as they vie with each other to dig ever bigger, wider and deeper extensions. Behind the white stucco fronts and redbrick exteriors of Belgravia and Chelsea, London’s super-rich are digging down and building outwards and upwards .

The latest must-have feature is an adjustable-height swimming pool. At the flick of a button – because everything is remote-controlled – the bottom can be raised or lowered by a giant hydraulic jack, forming a deep swimming pool for the heavyweight millionaire or a toddler-friendly paddling pool for his offspring. Optional extras include a retractable glass roof or a discreet cover that will slide over the pool, creating a ballroom or banqueting hall. It doesn’t have to be modern or minimal – one house in Mayfair has a Roman-style pool, complete with columns.

“London is awash with money,” says Robin Ellis , known in the trade as “London’s poshest builder”, “Vast tracts of London are being dug up to create sub-basements,” he adds. “My clients are prepared to pay to create houses that push all the boundaries of luxury and technology. I’ve put in a swimming pool with a cover that rose, concertina-style, up and over the water to convert the space into a private concert hall, with seating for 100.”

It is all reminiscent of the mercantile extravagance of 15th-century Venice or the wild opulence of the reign of Louis XIV. London now has more billionaires then anywhere else in the world after New York and Moscow .

Few can compete with Chris Rokos, a secretive hedge-fund tycoon. The lavish plans for his eight-bedroom house in Notting Hill, submitted to the planners this month, include a gym, a home cinema, library, a third-floor open-air pool, an internal climbing wall, a subterranean garage with motorised lift for two cars and an 80ft-tall glass atrium. As if that’s not enough, Rokos, 36, plans to dig four storeys below ground to create a 16ft-deep swimming pool with high board.

“When they go round the houses of all of their mates who have done something, they want to do it better – money is no object,” says Jonathan Hewlett, head of London sales at Savills estate agency.

For example, Gibson Music, multi-audio specialists who have been hard-wiring homes for more than 20 years, have just put in £250,000 worth of technology by Creston, which specialises in top-of-the-range control systems. Other extravagant features recently demanded by clients include a vanity unit for 2,100 lipsticks; a glass-fronted, temperature-controlled wine cellar, complete with fibreoptic lighting and carved macassar ebony shelves, to hold 4,000 bottles; walk-in showers with waterproof television screens and glass walls that turn opaque with the press of a button, and cost £1,000 per square metre.

And there was some of us thinking we would be the bees knees with a 42-inch plasma screen tv , too

Friday, August 17, 2007

YOUR FUTURE

All those workers who claim that capitalism is not only the only possible society but also a wonderful one should pay attention to a recent government report. "Vulnerable elderly people are being subjected to neglect, abuse, discrimination and ill-treatment in the hospitals and care homes that should be looking after them, according to a report published today by a parliamentary committee. The study by the joint committee on human rights warns that many older people are facing maltreatment ranging from physical neglect so severe they are left lying in their own faeces or urine to malnutrition and dehydration through lack of help with eating. Lack of dignity, especially for personal care needs, inappropriate medication designed more to subdue patients than treat them, and over-hasty discharge from hospital are also causing suffering for many older people, the MPs and peers conclude." (Guardian, 15 August) You have a nice future inside capitalism, don't you? RD

ILLUSION AND REALITY

Many people imagine that with retirement comes a pleasant period in a hard-working life. Alas, the reality is far from idyllic for many workers. "Pensioners are burdened with debts of £57 billion from mortgages and credit cards, new figures show. One fifth of retired people are still paying off a mortgage and a third owes an average of £5,900 on credit cards and loans, says Scottish Widows, the insurer. The 11 million pensioners who are still making repayments owe an average of £38,000 on their homes, compared with £35,000 last year. One in eight owes more than £50,000." (Times, 13 August) RD

Scotland's poor , again

The Daily Record carries a report from the children's charity NCH Scotland on Scotland's poor .

More than 100,000 lone parent families in Scotland are trying to live on less than £15,000 a year, and more than 50,000 have to scrape by on less than £10,000.
162,000 lone parents in Scotland, bringing up around 280,000 children. Two thirds of all teenage mums are lone parents.

Lone parents are more likely to fall ill, and a quarter of them - more than 40,000 - admit they are struggling to cope with emotional problems.

Crime is a growing problem among poor kids from all family backgrounds. A record-breaking 53,883 youngsters were reported to the Children's Panel in 2005-6. The number of pre-school children in Scotland requiring "care and protection" has increased four-fold in the past decade - up from 2995 in 1996 to 11,975 last year. Almost half of the children included in the 2006 figures lived in lone parent families.
Scottish girls are among the most violent on Earth. They came sixth in an international league table of violence, with almost a third of 11-15-year-olds involved in at least one fight in the past year.
And the lives of no fewer than 100,000 Scottish children are blighted by their parents' abuse of alcohol. Scotland has one of the highest youth unemployment rates in the developed world.

Director of children's services for NCH Scotland, said : "Having a poor start in life is condemning far too many of our young people to a life of difficulty and disadvantage."

What a waste and what a depressing life youth of to-day have . Imagine if all that energy and creativity of young people was not bent on self-destruction , if all those single parents were not exiled to a life of alienated isolation and lonliness on council schemes , and all had their attentions turned to solving the World's desperate problems.

Thursday, August 16, 2007

Migrants ‘go home for medical needs’

One of the myths about the arrival of foreign workers is that they are a drain on the British Welfare State .

However when it comes to using the NHS , according to this report , a study reveals that the majority of migrant workers who have experienced health care systems in Scotland perceive the medical services in their own countries to be generally of better quality. Most migrants from the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia preferred to return home for treatment of non-acute medical problems, as well as dental care and visits to opticians.

Wednesday, August 15, 2007

Voluntourism

Young people would be better off travelling the world than taking part in "spurious" overseas gap-year aid projects said Voluntary Service Overseas (VSO).

" Young people want to make a difference but they would be better off travelling and experiencing different cultures, rather than wasting time on projects that have no impact and can leave a big hole in their wallet." - Judith Brodie , Director of VSO


"voluntourism" often cost students thousands of pounds and did nothing to help developing countries. The gap-year industry catered for the needs of participants rather than those they claimed to help . VSO said projects offered to students taking a year off were often badly planned and could have a negative impact on participants and the communities they worked with.

"...we are increasingly concerned about the number of badly planned and supported schemes that are spurious - ultimately benefiting no one apart from the travel companies that organise them," said Judith Brodie.

In June, VSO warned "consumer-driven volunteer tourism" was jeopardising the charity's development work in countries most in need. People were increasingly approaching the organisation about volunteering "as if it was a holiday" .
And last year VSO said gap-year programmes risked becoming "outdated and colonial" by focusing on how UK youngsters could help poor communities, rather than what they could learn from them.

Monday, August 13, 2007

Gun for Hire

Two British-run private military security firms have been paid £274 million over the past three years to provide mercenary guards for US Army engineers working on reconstruction projects in Iraq. The firms, Aegis Defence Services and Erinys Iraq, are now at the centre of a row over streamlining the spiralling cost of "hired guns" in a war zone . Between them, Aegis and Erinys employ up to 2000 men, many of them former British soldiers . The Pentagon estimates that at least 20,000 former soldiers from Britain, the US, Eastern Europe, Fiji and Nepal are working for private mercenary firms in Iraq.

"To pay a man or woman to come over to Iraq, put on body armour every day, and escort military personnel and civilians around knowing that people want to blow them up and kill them, you have to meet the asking price," said Colonel Douglas Gorgoni, the senior finance officer of the US Corps of Engineers .

Socialist Courier says that there is no price worth asking for if it means killing your fellow workers .

Holidays

The UK will still be at the bottom of the European Union league for holidays even after workers are given new rights to paid leave, according to a report published today.

UK workers are entitled to a minimum of 20 days but if companies include the eight bank holidays in this figure, they are in effect giving staff only 12 days. A study by Incomes Data Services (IDS) showed that workers in other EU countries had more holidays, with Germany topping the league at 39 days a year, including public holidays, followed by Austria , 38, Sweden, 36, Slovakia, Luxembourg and France, 35, Portugal, 34, the Czech Republic and Slovenia, 33, Italy, Spain and Greece, 32 and Poland and Finland, 31 days .

Minimum entitlement in this country is to increase in two stages to 28 days by April 2009 under government moves to stop firms counting public holidays in workers' annual leave. IDS said that even after the changes, the UK would still be joint bottom of the EU league table for holidays. with the Netherlands.

Olympic Misery

According to the Olympic Charter, established by Pierre de Coubertin, the goal of the Olympic Movement is to contribute to building a peaceful and better world yet The Independent is reporting about the human cost of the upcoming Beijing Games .

Many people have been forcibly resettled in the transformation of Beijing, which has seen ancient courtyard houses and hutong alleys demolished by unscrupulous developers, some in league with corrupt officials, eager for profit.
The Geneva-based Centre on Housing Rights and Evictions reckons 1.5 million people will have been relocated for Olympics- related projects. Government estimates put the figure at just over 6,000. A strange discrepency of figures .

Most are moved to new tower blocks on the city outskirts, and they complain about the lack of community feeling - as well as the lengthy commute to their jobs in the city.

Sunday, August 12, 2007

A TOWN CALLED MALICE

In the 1950s Nevil Shute wrote a novel that was so successful that it was adopted as a film. In the novel the main character is astounded by the beauty of the town. No one would have that view of the place today. "But the life of Noel Ross could barely be more removed from the gentle, hopeful Alice seen by Shute in the 1950s – a place that so reminded his character Jean Paget, in A Town Like Alice, of the lovely England that she had left. Ms Ross, an Aboriginal woman in her fifties, has lived for the past four years in the shell of a wrecked Ford in one of Alice’s black enclaves, ... She has only a sullen dog as a companion and no shield from the alcohol-fuelled violence of Alice’s black enclaves. Last month the town of 60,000 was named the stabbing capital of the world. It also claims the highest murder rate and highest consumption of alcohol in Australia." (Times, 11 August) The expansion of capitalism decimated the population of the Scottish Highlands, wiped out the culture of the native Americans and has wrecked the lives of the Australian aborigines. RD

POVERTY KILLS

Socialists are always pointing out that capitalism creates poverty that in turn leads to starvation, crime and death; but a recent news item from Manilla illustrates that the poverty that leads to desperation also can result in death. " A Second World War mortar shell found by fishermen on the seashore exploded in the Philippines yesterday, killing four men and wounding two. The 81mm shell blew up when they tried to saw it to pieces to sell to scrap metal dealers." (Times, 11 August) Capitalism is a desperate society, it often leads to desperate outcomes. RD

Friday, August 10, 2007

Who owns the North Pole , Part 7

Not to be left out for this scramble for control of the Arctic regions , Danish researchers plan to set sail for the North Pole on Sunday to collect geological data, on a mission similar to the recent Russian one .

The month-long Danish expedition will study the Lomonosov Ridge. Russia believes the underwater feature is linked to its territory. Denmark , however , will investigate the ridge to see if it is geologically connected to Greenland which is a Danish territory.
The team plans to collect bathymetric, gravity and seismic data to map the seabed under the ice, according to a Danish science and technology ministry statement on the expedition.

"The preliminary investigations done so far are very promising," Denmark's minister of science, technology and innovation said "There are things suggesting that Denmark could be given the North Pole."

We will be collecting data for a possible (sovereignty) demand," expedition leader Marcussen said.

In Ottawa, the Danish ambassador to Canada, Poul Kristensen stated "it's no secret that Denmark, on behalf of Greenland" has interests in the Arctic and "of course, potentially, we can make claims."

Now the Danes - still at odds with Canada over the ownership of tiny Hans Island in the boundary waters between Ellesmere Island and Danish-controlled Greenland - are again pressing their claims to the potentially lucrative seafloor area around the North Pole.
Kristensen said Friday that "we are speaking of values in the billions" when it comes to potential Arctic oil, "and therefore the area, of course, is of interest to us."

Prime Minister Harper announced Canada will install a new army training center and a deep water port. Canada will build two new military facilities in the Arctic in a move to assert sovereignty over the contested region . Resolute Bay will be home to a new army training center for cold-weather fighting . The new deep sea port will be built for navy and civilian purposes on the north end of Baffin Island, in the abandoned old zinc-mining village of Nanisivik. Harper also announced the 4,100-member Canadian Rangers patrol will be increased by another 900 members. He stood alongside Defense Minister Gordon O'Connor and a group of Rangers — a rifle-toting, Inuit volunteer force.

"Protecting national sovereignty, the integrity of our borders, is the first and foremost responsibility of a national government, a responsibility which has too often been neglected," Harper said,


The North Pole seabed is not currently regarded as part of any single country's territory and is governed instead by complex international agreements. But for how much longer , we wonder . We also note that all this scientific investigation is not to further scienctific knowledge in geography and geology but to further business and commercial interests . Science becomes mercenary . Instead of acting in the interests of humanity , it represents the pecuniary interests of nation states .

Old and out of the way

Just how society treats our elderly is becoming cruelly more and more apparent . We had this report , a 108 year old woman having to wait a year and half for a hearing aid to improve the quality of her short remaining life and now we read about this care home evicting an 103 year old woman because she is requiring too much care , or so they say , in a squabble over how much she has to pay for the nursing care . Abbeymoor's owner, Mark Sutters, told the Nottingham Evening Post that the home could not continue to "subsidise" Mrs Collins's care.

Local authority and care services minister Ivan Lewis said " I am deeply concerned at the attempt by the home owner to use Mrs Collins as a pawn in a funding dispute. Whatever the difficulties, such treatment of a 103-year-old cannot be tolerated in a modern care system which has dignity and respect for older people at its heart."

Esme Collins was told to leave after 10 years at Abbeymoor nursing home in Worksop, because its owners refused to back down in a dispute over funding her care.

Age Concern has campaigned for the closing of a legal loophole that left the pensioner without the protection of human rights legislation.
"Forcing an older person to leave their care home can have a devastating impact on their physical and emotional health. We urge the government to act quickly to give the protection of the Human Rights Act to people living in private care homes to help prevent such situations."

Socialist Courier fully sympathises with such sentiments but to be perfectly blunt , it is just one very small example of the heartless nature of a society where everything has a price , even life and everything is valued in prices , even people . Events such as this will not stop until capitalism is superceded by a truly caring , sharing society such as Socialism

CAPITALIST CON GAMES

In 2004 Coca-Cola withdrew their bottled water Dansant in Briain when the press exposed it as merely tap water, although the revelation that some of it had become contaminated may have had something to do with the decision. Now a rival brand in the USA has also been exposed. "Last week PepsiCo announced that the label on its Aquafina brand of bottled water will soon carry the words "public water source", instead of the innocent looking "p.w.s". That's right: Aquafina is to all intents and purposes tap water. Coca-Cola is under pressure to follow suit with its Dansani brand, though so far it is refusing to do so. (Economist, 4 August) Full article is available at www.economist.com/businessview RD

Thursday, August 09, 2007

Jailhouse Blues

Sometimes Socialists feel for our political rivals . Yes , we really do . We know they know that their political programme and policies are worthless yet they are unable to refute them .
One such politician is Mark Oaten one-time Liberal Democrats' home affairs spokesman .

The Winchester MP desperately wanted to say that all prisons should be demolished and replaced with education and training centres, mental health facilities and drug rehabilitation units. But his Lib Dem colleagues would never allow him to air this radical view in public.

"It was clear to me that prison wasn't working," says Mr Oaten. "But I would have been crucified as a front line politician for saying this in public and the party would have tumbled in the opinion polls."

Since he is no longer seeking re-election he is now able to disclose his real views on political and social matters .

"Prison is not fit for purpose and it's beyond reform. We need to abolish it and replace it with more workable alternatives," he tells BBC Radio 4

The Winchester MP identifies mental health problems, drug addiction and illiteracy as three of the main reasons for criminal behaviour. According to Mr Oaten 72% of prisoners have mental health problems. These people, he argues, should be held in secure therapeutic facilities where they would undergo treatment. Mr Oaten believes offenders detained in mental health facilities should only be released when they are no longer considered a threat to society.
Mr Oaten envisages the drug treatment facilities he proposes attracting plenty of offenders, claiming that currently around 50% of all prisoners have a drug problem.
For those identified as committing crime because of their lack of employability, Mr Oaten would like the government to establish a network of secure education and training centres.
He says: "Thirty seven per cent of prisoners are functionally illiterate. They should be in classrooms learning to read and write or in training and getting skills." Those sentenced to education and training would be released upon successful completion of their course.

This Liberal Democrat may believe he is on to something but we would suggest that he has one big huge glaring omission in his analysis - Capitalism and its alienating deprivation of ownership and control of everyday life that contributes to the crime situation and the anti-social behaviour of many of our fellow workers . He is as it turns out just another reformer seeking palliatives and cures for problems that are inherent within the capitalist system and which cannot be removed by good intentions . A jail will be a jail , prison walls or not , and as the rest of the article indicates , there is more to solving crime than Mark Oaten's penal reforms .

"Law is nothing but a class instrument – a weapon of the capitalist State for its own preservation. It is necessary to the capitalist State because the ruling class in capitalism have laid thieves’ hands upon the means of life... However much he may be made to fear the Law, the proletarian will no longer respect it. He will come to regard it in its true light, as the enemy, not the friend, of the working class; as the necessary adjunct of class rule, by means of which alone the producers of all wealth can be robbed and murdered and debauched, with some sort of one-sided orderliness, by a class of idle, drunken parasites, steeped to the neck in moral turpitude, sunk to the eye-brows in abomination which even the hardened Law dares find no name for. That superstitious awe which, quite apart from the fear of policeman and prison surrounds the Majesty of the Law, will dissipate, and no longer will the worker "blush for shame" at being caught in the act of law-breaking. (Socialist Standard, July 1911)

And as Eugene Debs once remarked :-

While there is a lower class, I am in it, while there is a criminal element, I am of it, and while there is a soul in prison, I am not free.

Red Crosses for Johnson and Johnson

Capitalism cares little for society other than as a milk-cow for profits and further profits . Socialists are rarely shocked by the depths of decency that capitalists will go to accrue profits .

Johnson and Johnson is suing the American Red Cross, alleging the charity has misused the famous red cross symbol for commercial purposes. The lawsuit asks for sales of disputed products - also including medical gloves, nail clippers, combs and toothbrushes - to be stopped and unsold items to be handed over to Johnson and Johnson . The firm is also seeking damages equivalent to the value of such goods sold in supermarkets such as Wal-Mart .

Johnson and Johnson claim a deal with the charity's founder in 1895 gave it the "exclusive use" of the symbol as a trademark for drug, chemical and surgical products. It said American Red Cross had violated this agreement by licensing the symbol to other firms to sell certain goods. The lawsuit argues that the firm reached an agreement with the charity's founder Clara Barton about the commercial use of the symbol for certain products. It maintains that the charter did not give the charity the right to engage in commercial activities which would conflict with a private company.

The American Red Cross described the lawsuit as "obscene" , adding that it believed the firm's actions were financially motivated.
It said many of the products at issue were health and safety kits and that profits from their sale had been used to support disaster-relief campaigns.

Wednesday, August 08, 2007

Who Owns the North Pole , part 6

Further to our earlier post pointing out the Russian expansion into the Arctic Circle , we now offer an update on the Canadian competition .

Canada raised the stakes in the battle to claim ownership of the Arctic by sending Stephen Harper, prime minister, on a three-day trek to the region, just days after the Russians planted a flag on the seabed at the North Pole.

“Our government has an aggressive Arctic agenda,” Dimitri Soudas, Mr Harper’s spokesman, said on Wednesday.

“The Russians sent a submarine to drop a small flag at the bottom of the ocean. We’re sending our prime minister to reassert Canadian sovereignty,” said a senior government official, according to Canadian press.

The Northwest Passage, which is the main focus of the dispute, has become a sought-after territory thanks to global warming, which has begun to melt the ice in these waters, exposing a potentially vast haul of natural resources. Studies have estimated that the Arctic has as much as 25 per cent of the world’s undiscovered oil and gas. According to some estimates, the Arctic contains billions of tonnes of gas and oil deposits, which could become more accessible as the ice cap that cover them begins to melt. This is happening just as their exploitation becomes more economically viable because of high hydrocarbon prices.
The melting ice could also open up a route through the Arctic archipelago that could shave off as much as 6,500km on a journey between North American and Asia, instead of using the Panama Canal.

The US, Norway and Denmark are also competing alongside Russia and Canada to secure rights to the natural resources of the Arctic.

BLINDED BY CAPITALISM

"Patients losing their eyesight are facing a postcode lottery over accessing groundbreaking treatment for their condition. While the drug Lucentis is already available in some of Scotland's board areas, it is yet to be introduced in key cities including Glasgow. In June, the Scottish Medicines Consortium, the body which advises NHS Scotland on new treatments, backed the therapy ahead of any moves by England and the decision was applauded. However, almost two months on, a number of health boards have still to make the injections available to patients. ...In Scotland, some 2300 people are diagnosed with wet AMD every year and experts emphasise the importance of delivering the injections as early as possible because sufferers' vision can deteriorate rapidly." (Herald, 8 August) So what is causing the delay? Is it mere bureaucratic ineptitude or could it be that the Scottish Medicines Consortium reckon it would cost £7.1 million in the first two years? RD

Tuesday, August 07, 2007

PROTECTION MONEY

"Sir Tom Cowie's decision to stop funding the Conservatives has been met with shrugs within the party presumably because, as revealed by publication of the party accounts, the party is very well off. So well off, in fact, that it could lose a couple of million pounds down the side of a sofa and still have the £20m traditionally thought needed to fight a general election. The Electoral Commission shows that in 2006 the Conservative party received nearly 50 individual donations each over £50,000 including 14 donors giving more than £250,000 each." (Guardian, 7 August) Anyone interested in a healthy democracy must ask themselves why these wealthy individuals are prepared to lavish such largess on a political party. Is it solely philanthropic and civil minded? We imagine the reason these millionaires are so apparently generous, is because of self interest. The reformist parties that they support are all in favour of capitalism and they look upon these donations as protection money. RD

A STRANGE DEMOCRACY

Politicians and political commentators laud British democracy to the skies and contrast how wonderful it is compared to some countries where the rich and powerful dictate events. This is of course a complete sham, as recently illustrated by events. "A major Conservative donor has accused David Cameron of an "arrogant, Old Etonian" style of leadership and said he would give the party no more money. Sir Tom Cowie, who has donated £630,000 to the Tories over the past six years, said he had become "disillusioned". ... The paper quotes Sir Tom as saying the Tory party seems to be run by "arrogant old Etonians who don't understand how other people live". ...Sir Tom, who founded the transport firm Arriva, gave £500,000 to the Conservatives ahead of the 2005 general election." (BBC News, 7 August) What a strange democracy it is that allows rich men to dictate political policy. RD

HOMELESS HEROES

We are all familiar with cheering crowds applauding soldiers as they march off to war and the unstinting praise of politicians as they fall over each other in heaping adulation on service veterans, but the reality is far different. "One in 10 homeless people in the UK are former members of the armed forces, a charity working with veterans says. A survey in 1997 by the Ex-Service Action Group on Homelessness suggested that 22% of people who were "street homeless" had a military background. Veterans’ charity, the Sir Oswald Stoll Foundation, said that efforts by the government and the voluntary sector had brought that down to about 10%. It fears the numbers may rise because of service in Iraq and Afghanistan." (BBC News, 7 August) RD

Monday, August 06, 2007

OVER THE TOP

"The green campaign against patio heaters is stepping up. Those devices like giant, fiery standard lamps that once you may have seen only outside the few British restaurants bold enough to put tables on the pavement, are spreading, into more and more catering outlets - and into the home. Yet they are anathema to environmentalists because of their profligate emissions of carbon dioxide, the principal greenhouse gas responsible for global warming. "It's difficult to conceive of an article that inflicts more gratuitous damage on the environment than a patio heater," says Tony Juniper, executive director of Friends of the Earth. "They just blaze energy out into the open air. Given what we know about climate change, they're just not justifiable." (Independent, 6 August) Mr Juniper's concern about global warming may well be justified, but we can think of a few articles that are more damaging to the environment. Has he heard of the A bomb or the H bomb? RD

MILITARY INTELLIGENCE?

There are many oxymorons, "Christian Science" is one of our favourites but the following news item would probably put "Military Intelligence" up there with the worst of them. "The US military cannot account for 190,000 AK-47 assault rifles and pistols given to the Iraqi security forces, an official US report says. The Government Accountability Office (GAO) says the Pentagon cannot track about 30% of the weapons distributed in Iraq over the past three years. The Pentagon did not dispute the figures, but said it was reviewing arms deliveries procedures. About $19.2bn has been spent by the US since 2003 on Iraqi security forces. GAO, the investigative arm of the US Congress, said at least $2.8bn of this money was used to buy and deliver weapons and other equipment. Correspondents say it is now feared many of the weapons are being used against US forces on the ground in Iraq." (BBC News, 6 August) RD

Sunday, August 05, 2007

IT’S THE SAME THE WORLD OVER

"Mexican telecom tycoon Carlos Slim, who is estimated by some calculations to be wealthier than Microsoft founder Bill Gates, said Thursday he did not care if he was the world's richest person. ...In July, a journalist who tracks the fortunes of wealthy Mexicans said Slim was worth an estimated $67.8 billion and had overtaken Gates as the world's richest person. Slim hit the No. 1 spot after a recent surge in the share price of his America Movil, Latin America's largest cell phone company, according to Eduardo Garcia of the online financial publication Sentido Comun.Garcia said that made him close to $8.6 billion wealthier than Gates, whose estimated worth was $59.2 billion. ...In Mexico, a small elite holds most of the country's wealth and about half the population lives on less than $5 a day." (Yahoo News, 3 August) RD

BUSINESS IS BUSINESS

The gravestone in Springfield, Utah may have said "rest in peace", but it should have added "only if you keep up the payments. "The cemetery headstone for a teenager who died in a car wreck was repossessed after a $750 bill went unpaid. "That's just business," said Linda Anderson of Memorial Art Monument. "If we give every stone to everybody, we'd be out of business. They'd repossess your car if you didn't make payments." (Yahoo News, 31 July) RD

Saturday, August 04, 2007

Victory for the Scottish Homeless

The number of people having their homes repossessed has surged, the Council of Mortgage Lenders has said. An estimated 14,000 properties were repossessed in the first six months of the year, a 30% increase on the same time last year.

Scotland have won the Homeless World Cup.

Every cloud has a silver lining , hasn't it ?

Thursday, August 02, 2007

Personal debt increases

Over 8 million British adults are in serious debt and over 2 million are struggling with repayments. 18% of adults in Britain are in £10,000 or more of unsecured debt such as credit cards, overdrafts, loans and store cards .The number of bankruptcies rose by 10 per cent in the first quarter of 2007 compared with the same period in 2006. Around 420,000 people were prosecuted for defaulting on loan repayments in the first six months of this year - up eight per cent on 2006. Scotland was revealed as the area with the highest proportion of indebted residents .

The Bank of England has raised the cost of borrowing five times in the past year to 5.75 percent -- the highest level in six years. Analysts expect another rise to 6 percent by the year end . High levels of unsecured debt are clearly linked to the rise in interest rates over the last 12 months . The record rise in house prices -- especially in London and the south-east -- has led to a growing discrepancy between mortgage payments and salaries. The high pressure to maintain social and commercial status often goes hand in hand with high expenditure on the high street. Borrowers affected by the higher interest rates now are storing up debt problems for the future; instead of making cuts in their personal expenditure, they are taking on further unsecured loans and credit cards .

See here about the bubble bursting

Exploiting kids


Wal-Mart ( ASDA here in the UK ) prides itself on cutting costs at home and abroad, and its Mexican operations are no exception. Wal-Mart is taking advantage of local customs to pinch pennies at a time when its Mexican operations have never been more profitable. 19,000 youngsters between the ages of 14 and 16 work after school in hundreds of Wal-Mart stores, mostly as grocery baggers, throughout Mexico—and none of them receives a red cent in wages or fringe benefits.


The use of unsalaried youths is legal in Mexico because the kids are said to be “volunteering” their services to Wal-Mart and are therefore not subject to the requirements and regulations that would otherwise apply under the country’s labor laws. Although Wal-Mart’s worldwide code of ethics expressly forbids any “associate” from working without compensation, the company’s Mexican subsidiary asserts that the grocery baggers “cannot be considered workers.”


Wal-Mart is Mexico’s largest private-sector employer in the nation today, with nearly 150,000 local residents on its payroll. Wal-Mart de Mexico reported net earnings of $1.148 billion in 2006 and $280 million in profits in the second quarter of this year, a 7 percent increase in real terms over the same period last year and have announced plans in February to add 125 new stores and restaurants to its existing network of 893 retail establishments during the course of 2007. That expansion plan will represent new investment totaling nearly a billion dollars


In a country where nearly half of the population scrapes by on less than $4 a day, any income source is welcome in millions of households, even if it hinges on the goodwill of a tipping customer. But says Federal District Labor Secretary Benito Mirón Lince. “In economic terms, Wal-Mart does have the capability to pay the minimum wage [of less than $5 a day], and this represents an injustice.”

Monday, July 30, 2007

TOUR DE FARCE

The Tour de France has been a spectacular example of how capitalism ruins everything it touches but this is true of all sport not just cycling. The sports writer Simon Barnes summed it up well when he wrote: "The race lost the favourite, Alexander Vinokourov, to a positive drugs test; the leader, Michael Rasmussen, was kicked out because he lied to his team about his whereabouts during training and there are, inevitably, questions about the winner-by-default, Alberto Contador. ... Put on a good show, make the money, keep the wheels turning that's what really matters. ... Is that relevant to other sports? You bet it is. The Tour de France is in potential terminal decline because serious moral and sporting issues were ignored for the sake of financial expedient. There is not a sport in existence of which this is not true. Take football; awash with money, a substance that in sufficient quantities dehumanises people every bit as much as drugs does. The sport is at present dealing with an obscene affair in which a player is owned - as if he was a racehorse - by a private individual." (Times, 30 July) RD

CAN YOU HEAR ME, GRANDMA?

A worker who has worked all her life has found out what an uncaring, miserable society capitalism can be to the old and infirm."A woman of 108 has been told by health chiefs that she must wait 18 months to get a new hearing aid. Olive Beal, one of the oldest women in Britain, is confined to a wheelchair and losing her sight. Being able to communicate and listen to music is her only contact with the outside world, says her family. Mrs Beal, who has six grandchildren and 13 great-grandchildren, has used an old-fashioned analogue hearing aid for the last five years. But she struggles to hear with it and needs a modern digital hearing aid which cuts out background noise. After being told of the wait, Mrs Beal, who lives in a care home in Deal, Kent, said "I could be dead by then." ... Donna Tipping, from the Royal National Institute for the Deaf, said "I am afraid this is a common problem. There are more than half a million people waiting for hearing aids in this country." (Daily Telegraph, 30 July) RD

VOTING WITH THEIR FEET

There never was a vote in parliament about British forces invading Iraq but it seems that some service personnel have let their views be known."Army chiefs have been hit by more than 9000 cases of soldiers going absent without leave since 2004 and 1100 are still on the run at a time when the military is being stretched by its involvement in Iraq and Afghanistan. The Ministry of Defence denied yesterday that the incidents - the equivalent of almost 10% of the entire force - were connected to the current conflicts but admitted that there were almost 1300 cases of soldiers having gone missing in the first six months of this year alone....Figures seen by The Herald show that 3030 soldiers, 185 sailors and 55 RAF servicemen went absent in 2004, 2715, 195 and 35 respectively in 2005, 2330, 155 and 10 in 2006 and 1275, 55 and 15 to the end of June this year....Almost 7000 men and women are believed to have deserted from the US army since the invasion of Iraq." (Sunday Herald, 29 July) RD

BUDDY, CAN YOU SPARE A DIME

Socialists are always saying that capitalism is a crazy society but the following news item suggests that it is stark raving bonkers! "SAN JOSE, Calif. - John Feigenbaum didn't sleep at all during his redeye flight across country. He's not a nervous flier — he had a dime worth $1.9 million in his jeans pocket. Feigenbaum, 38, of Virginia Beach, Va., is a rare coin dealer, and the dime he was carrying from San Jose to New York is a 1894-S dime, one of only nine known to exist. He picked up the dime, one of only 24 known to be coined in 1894 in San Francisco, on Monday from the seller's vault in Oakland. He delivered it to the buyer's vault the following day, in midtown Manhattan. Feigenbaum said he and the seller's agent will split a 6 percent commission on the deal. Feigenbaum said he put the dime, which is encased in a 3-inch-square block of plastic, in his pocket. Accompanied by a security guard, he drove to the airport." (Yahoo News, 28 July) RD

BUDDY, CAN YOU SPARE A BED

"Once in khaki dress, gee we looked swell. Full of Yankee doodle dum" goes the old song and it still applies today judging by the treatment handed out to veterans in New York. "The only homeless shelter in New York just for veterans will close in August for renovations, which city officials say will improve conditions there. But the plans are upsetting some of its residents. The shelter, the Borden Avenue Veterans’ Residence, in Long Island City, Queens, is to reopen in November with a little more than half its current number of beds, according to officials, who also say the refurbished facility may charge rent, which it does not do now." (New York Times, 26 July) It is all very well being cheered by the admiring public during a war but the realities of capitalism after it has used you are far from cheering. RD

Science for hire

Achieving headlines throughout the world , Heinz Cream of Tomato Soup improved men's fertility according to researchers after conducting tests involving six healthy male volunteers by the University of Portsmouth . The study found that a fortnight of tomato soup had some effect on semen.
Nigel Dickie, a spokesman for Heinz, said: "It's good to know that Heinz Cream of Tomato Soup could boost your mojo and give guys extra oomph. And for Heinz Ketchup lovers, the tomatoey goodness will put more ketchup in your bottle."

However , The Scotsman contacted fertility experts and the company admitted it had overstated the research, which it had partly funded. In fact, the Portsmouth study found that while lycopene levels rose in semen after a period of soup consumption, there was "no measurable increase" in the sperm's ability to combat damaging free radicals. The scientists said more research was needed to see if higher lycopene levels really would help boost fertility.
A University of Portsmouth spokesman said "But on the basis of this research alone, we cannot say that the lycopene levels in sperm boosted fertility."

Allan Pacey, secretary of the British Fertility Society, said although the study found higher lycopene levels in the sperm, it did not find any improvement in its quality to tackle infertility. Dr Pacey, a senior lecturer at the University of Sheffield, said sperm was produced by the body over three months, so long-term changes to diet would be most effective at improving its quality, rather than a two-week alteration.

So there we have it . Important science and research facilities at universities being hired to promote and market certain products . Commercial companies distorting scientific findings and then publicising inaccurate claims to increase its sales at the supermarket .

Capitalism , instead of using the field of medical research to advance and improve the quality of life simply employs the knowledge and brains of skilled and gifted people to make a fast buck and improve and advance advertising rather than health .

Sunday, July 29, 2007

REFORM UNDER ATTACK

The governments are always out to erode any advantages workers may have won in the course of their struggles; however, they try to present their attacks on conditions as if they were really doing it for your benefit. An example is an attack on the 35 hour week of the French worker.
According to an article in Scotland on Sunday by Elaine Sciolino, French told: work more and think less
http://scotlandonsunday.scotsman.com/international.cfm?id=1181162007
In proposing a tax-cut law earlier this month, finance minister Christine Lagarde bluntly advised the French people to abandon their "old national habit".

"France is a country that thinks," she told the National Assembly. "There is hardly an ideology that we haven't turned into a theory. This is why I would like to tell you: Enough thinking, already. Roll up your sleeves."
Citing Alexis de Tocqueville's Democracy in America, she said the French should work harder, earn more and be rewarded with lower taxes if they get rich.
The government's call to work is key to its ambitious campaign to revitalise the French economy, abandoning what some commentators call a nationwide "laziness". France's legally mandated 35-hour week gives workers a lot of leisure time but not necessarily the means to enjoy it.
I don’t think working a 70 hour week gives you much time to enjoy your life either.
Reminds me of Matt McGinn’s wee classic ’Three Nights and a Sunday’
Chorus
Three nights and a Sunday double time.
Three nights and a Sunday double time.
I work a’ day and I work all night.
Tae hell wi’ you Jack, I’m all right.
Three nights and a Sunday double time.
We in the Socialist Party are depending on workers thinking for themselves and not relying on leaders to think for them.

...Names will never hurt me

Two of Socialist Courier contributers felt the need to comment on recent health and safety statistics and the rise in deaths at work .

Why increase the expenditure on safety? It cuts profits and capitalism hates that! said RD

The Sunday Herald carries a story with much the same conclusion concerning the weakness of the recently passed legislation governing "corporate killing", which has just received Royal Assent and is expected to become law within months.

In the UK, between 1966 and 2006, more than 40,000 people have been killed in work-related circumstances, according to Gary Slapper, professor of Law at the Open University. 40,000 deaths .

But under the common law of culpable homicide (or manslaughter in England), only 34 companies were prosecuted and only seven convictions were secured. In Scotland, only one company has ever been prosecuted for corporate homicide - utility firm Transco for the Larkhall gas explosion, caused by a leaking main, which killed Andrew and Janette Findlay and their two children in their house in December 1999. Although the company was eventually fined £15 million in 2005 for breaching health and safety laws, the homicide charge failed because, given the disperse communication channels of large companies, the court could not find a "controlling mind" or pin the blame on one senior figure who knew enough to be liable.

The new legislation removes the requirement to find a "controlling mind." Now, it must only be shown that someone in senior management was guilty of "gross negligence". YET , under the new legislation, there are no extra duties that directors must adhere to. The maximum penalties are the same as under existing health and safety laws.

Courts will now also be able to order the company to publicise any conviction. The reputational damage and stigma is thought most likely to act as a deterrent and encourage directors to take health and safety concerns more seriously.

Patrick Maguire, legal adviser to the Scottish TUC who was also a member of the Scottish Executive's expert panel , however interprets the new law as one that simply finds new scapegoats .
"...the need to identify the "controlling mind" has simply been replaced by the need to find a senior management who committed "gross negligence"...It is not the board of directors that makes these decisions on health and safety. They delegate the task to middle and lower management. They are going to say the guy who got it wrong was not a senior manager "

A Labour regime that purports to be "tough on crime and tough on the causes of crime", exempts business from this treatment.

Voicing what the capitalist class thinks - and echoing the words of RD that the a central concern with any proposal which could mean stricter laws coming into force in Scotland, would scare businesses away , David Watt, director of the Institute of Directors in Scotland, said: "We don't have different company law across the UK. We don't want bits and pieces of company law pulled out and made more punitive in Scotland. We need all the incentives we can for people to do business here."



Saturday, July 28, 2007

Private schools - only for the richer of us

Marx talks of how capitalism drives those professionals often vaguely called the middle class into the ranks of the proletariat so i note this story in the Herald .

Teachers, engineers, and police officers have been priced out of private education by a 40% rise in fees in just five years, according to the Bank of Scotland.
It now costs an average of £8247 every year to educate a child privately in Scotland compared with £6039 in 2002, and fees are now rising at twice the rate of inflation. Only prices for houses are growing faster. The average earner in a number of occupations, including engineers, journalists and teachers, can no longer afford private education for their offspring. average school fees were now only in the reach of 13 occupations, down from 23 in 2002.

Affordability was measured at a quarter of average earnings for the profession. So a scientist, earning an average of £37,290 a year, would have to give up an unaffordable 26% of his or her income to put one child through school for a year. But an architect, with an average income £42,224, would only be parting with a bearable 23% of their earnings.The professions that could afford fees were company directors, bank managers, accountants, production managers, IT professionals, doctors, pilots, senior police officers, lawyers, architects and customer care managers.

Friday, July 27, 2007

WORKED TO DEATH

We are all familiar with the old saw "hard work never killed anybody", but it just isn't true as can be seen from the following report."The number of people killed at work has risen to its highest level in five year, according to figures released by the Health and Safety Commision, whose strength has been cut by 1,000 over the same period. Of 241 fatalities in the last year compared with 217 the previous year, the greatest number, 77 - up 31% were on building sites. Sir Bill Callaghan, the HSE chair said the increase was disappointing. The TUC general ecretary Brendan Barber, said each death was preventable. "Increasing the likelihood of a visit from a safety inpector would make a real difference." (Guardian, 27 July) Why increase the expenditure on safety? It cuts profits and capitalism hates that! RD

Deaths increase at work

The number of people killed at work has risen to its highest level in five years, according to official figures released today by the Health and Safety Commission .
The figures show that 241 people died in the United Kingdom in the last financial year compared to 217 the previous year.
The largest number of fatalities was on building sites where 77 people were killed - up 31%.

Other high-fatality jobs are in agriculture, waste and recycling where there are large numbers of non-unionised, vulnerable labour, including many migrant workers.

Health and Safety Commission staff and inspectors have been cut by 1,000 .

Brendan Barber, the general secretary of the TUC, said:
"...ministers have refused to place a specific legal duty for health and safety on company directors, and, with less money than ever at its disposal, the HSE has had to cut its staff, including the number of its safety inspectors."

Wednesday, July 25, 2007

LOADS OF MONEY (2)

Sumner Redstone in capitalist terms is a very successful man. He is chairman of Viacom and CBS, a conglomerate that includes MTV, Paramount Picture and Comedy Central. He is reputed to be worth $8 billion, but such is the nature of this money-grubbing society he is hardly an enviable character. He has fallen out with his supposed heir, daughter Shari and is entangled in bitter legal wrangles with his son Brent and his nephew over inheritance rights. This 84 year old billionaire has sacrificed his whole life to the acquisition of more and more money to such an extent he has had a satellite dish fixed to the roof of his limousine so he can always be in touch with the stock market prices. This 84 year old can not hope to spend his billions yet spends his few remaining years trying to accumulate more. Capitalism is a crazy society and it makes people behave in a crazy fashion as can be seen from this press comment. "In his palatial home in Beverley Hills, he sits in his study ... watching the stock prices of his companies and, presumably, contemplating yet another round of legal action with a member of his family that could affect who succeeds him when he's gone." (Times, 25 July) RD

The old are getting poorer

And how does Capitalism treat the old ? Read here

The cost of living for the elderly is rising at more than twice the rate of other households, research shows today. People aged between 65 and 74 found that their annual expenditure increased by about nine per cent a year between 2002 and 2006, more than double the national average of four per cent . The situation is even worse for people over 75, who saw their cost of living soar by about 10 per cent a year during the same period.

The average pensioner income was increasing by only three per cent a year.

Who Owns the North Pole Part 5


Apologies for those readers of Socialist Courier who have no interest in the "Battle" to own the North Pole but since our last post we once again note recent developments .


Russia is sending a mini-submarine to explore the ocean floor below the North Pole and find evidence to support its claims to Arctic territory. Two parliamentarians are part of a team . The expedition's "flagship", the Akademik Fyodorov, will follow the trail of the ice-breaking ship Rossiya as it travels from Murmansk to the North Pole.


Melting ice in the Arctic has raised hopes of accessing energy reserves. Russia's claim to a vast swathe of territory in the Arctic, thought to contain oil, gas and mineral reserves, has been challenged by other powers .


"The Arctic is ours and we should demonstrate our presence," Mr Chilingarov , veteran explorer and now politician , told Russian TV.

Tuesday, July 24, 2007

Fancy a drink ?

The businessman's night out with friends started quietly enough with a £25 bottle of wine. It ended a few hours later with a bar bill for £105,805.
In between, the businessman and his circle of friends, which had swelled by closing time, had polished off 80 bottles of champagne, including a six-litre methuselah of Cristal worth £30,000 and a £9,600, three-litre jeroboam . The bill for champagne alone came to more than £80,000. One bottle of vodka cost £1,400.

The celebration took place at Crystal in Marylebone, central London, a nightclub launched with the help of Prince William and Prince Harry's friend Jacobi Anstruther-Gough-Calthorpe.
A favourite with the horsey set, its founding members include Lady Victoria Hervey and Tara Palmer-Tomkinson.

Consumed: one methuselah of Cristal (£30,000); two jeroboams of Cristal (£9,600), 36 bottles of Cristal (£12,960); six magnums of Dom Perignon (£4,200); 12 bottles of Dom Perignon Rose (£4,200); 15 bottles of Dom Perignon 1999 (£3,600), three magnums of Dom Perignon 1995 (£2,700) and four bottles of Cristal Rose (£2,400) and a nightcap of vodka, a Belvedere Methuselah, the equivalent of eight bottles.

I wonder if it was all tax deductable .

IS HUMAN NATURE A BARRIER?

One of the most common objections to socialism is that it is against human nature. Socialism is based on common ownership where everyone will work to the best of their ability and everyone will take according to their needs. "Impossible" claim our critics because it is human nature to be greedy and selfish. It is certainly true that inside a competitive society like capitalism people often behave in a selfish greedy fashion. This behaviour is conditioned by the society we live in, but even today human beings are capable of behaving in a cooperative fashion. For instance inside the USA the embodiment of capitalism we learn the following. "More than a quarter of Americans spent some of their time lending a helping hand last year. That good news kept the rate of nationwide volunteering at historically high levels: Some 61.2 million people dedicated 8.1 billion hours of service to schools; hospitals; and religious, political, and youth groups in 2006, according to the Corporation for National & Community Service (CNCS)." (Christian Science Monitor, 17 July) RD

THE CHOCOLATE WARS

We all know that capitalism is a crazy system based on competition and profit, so it comes as no surprise when we have wars over oil in the Middle East, over diamonds in Sierra Leone and timber in Liberia but now we have war over chocolate! "Government and rebel leaders of the world's leading cocoa exporter, Ivory Coast, both siphoned off millions of dollars from the cocoa industry to finance the 2002-03 civil war that divided the once-stable and prosperous country in two, according to a recent report from Global Witness, a London-based group that focuses on resource-fuelled corruption. The government received more than $58 million from institutions and cocoa revenues, while the rebel New Forces pocketed about $30 million since 2004 in taxes and revenues, claims the report titled "Hot Chocolate: How Cocoa fuelled the conflict in Côte d'Ivoire." ...Fighting here ended with the government of President Laurent Gbagbo in control of the south, where 90 percent of cocoa production takes place, and the rebel New Forces in charge of the north." (Christian Science Monitor, 17 July) Truly capitalism is a crazy system! RD

Rich Cars

When it comes to cars, the ultra-rich have never had it so good. More and more manufacturers are crafting ultra-expensive models for them, and the choice available to the plutocrat petrol head is greater than ever., reports the Independent

Last year alone saw Rolls-Royce launch its Phantom Drophead Coupe (yours for £250,000-ish), two new convertibles from Bentley (Azure or GTC, at £230,00 and £130,000 respectively), a brace of new Lamborghinis (£190,000 or so) and the Ferrari 599 Maranello (£172,000). In the next few months, customers can also put their names down for the new Mercedes McLaren SLR Roadster (£320,000) and the crazed Caparo T1 track car (£190,000) , the Maserati GranTurismo (a snip at £80,000) , the Aston Martin Vantage (£90,000) or Jaguar XK/R (£68,000).

* Maybach limousine Price tag: £267,000 Waiting list: Six months
* Rolls-Royce Phantom Drophead Coupe Price tag: £250,000 Waiting list: Five years
* Bentley Azure Price tag: £230,000 Waiting list: Four months
* Ferrari 599 Price tag: £180,000 Waiting list: Three years
* Bentley GTC Price tag: £130,000 Waiting list: One year
* Aston Martin Vantage Price tag: £90,000 Waiting list: One year

Crime figures

People of ethnic minority backgrounds in Scotland are more than twice as likely to be victims of crime as others, according to new police figures. One in 20 victims of crime are from ethnic minorities, despite the fact they make up just one in 50 of Scotland's total population.

men and women - equal rights


Equality between men and women in Scotland could take generations to achieve the Equal Opportunities Commission (EOC) reported . Their Completing the Revolution report said the part-time pay gap would take 30 years to close, and the full-time pay gap would take 20 years.Women working part-time are said to earn 34% less per hour than men working full-time, and women working full-time are said to earn 14% less than men. The gap between the sexes on flexible working - men are less likely to work flexibly, even though half of them want to work more flexibly - is unlikely to narrow without further action . And in the home, the "chores gap" will never close, with women still spending 78% more time than men on housework, said the report.
It is 30 years since the Equal Pay act became law.

Sunday, July 22, 2007

Learn to be rich?

Coutts & Co becomes the latest private bank to launch a formal course designed to help an elite class of the young rich to manage their money.

Forty-five children of some of the bank's wealthiest clients and youthful self-made millionaires - including, it is rumoured, a child actor - will spend their days at Coutts' London headquarters learning how to look after their money. They will also be drilled in life skills of particular relevance to the young and rich, such as how to say no to friends looking for money to invest in harebrained schemes.

"If a friend comes to you saying, 'Give us twenty grand', you need to know how to do the due diligence on that," says Fiona Fenn Smith, head of strategic marketing at Coutts.

JPMorgan private bank, for example, has been running Next Generation programmes for many years. The bank operates in an even higher orbit of wealth than Coutts with clients needing a minimum of $25m (£12m). Their courses also cater for a slightly older group, ranging from 25 to 45 years old. It runs its schemes in glamorous locales around the world, including St Tropez and the Hotel de Russie in Rome.

Who Owns the North Pole Part 4

Socialist Courier is keenly following the story of which nation state will ultimately own or control the North Pole and have reported here , here and here about it . Time magazine has now shown an interest in the new developments that are following climate change and global warming in the Arctic Circle region .

Late last month, Moscow signaled its intentions to annex the entire North Pole, an area twice the size of France with Belgium and Switzerland thrown in — except all of it under water. The ice-frozen North Pole is currently a no man's land supervised by a U.N. Commission. The five Polar countries — Russia, the U.S., Canada, Norway and Denmark — each control only a 200-mile economic zone along their coasts. And none of these economic zones reach the North Pole. Under the current U.N. Maritime convention, one country's zone can be extended only if it can prove that the continental shelf into which it wishes to expand is a natural extension of its own territory, by showing that it shares a similar geological structure.
So, the Russians claimed a great scientific discovery late last month. An expedition of 50 scientists that spent 45 days aboard the Rossia nuclear ice-breaker found that an underwater ridge (the Lomonosov ridge) directly links Russia's Arctic coast to the North Pole. This, they insist, surely guarantees Russia's rights over a vast Polar territory that also happens to contain some 10 billion tons of oil and natural gas deposits.
Russia's first attempt to expand beyond its Arctic zone was rebuffed by the U.N. Commission on the Limits of the Continental Shelf, but Moscow hopes that its "latest scientific findings" will produce a different outcome when the Commission next meets, in 2009.
Moscow is also looking to restore control over a 47,000 sq. km (18,000 sq. mile) piece of the Bering Sea separating Alaska from Russian Chukotka. The territory was ceded to the U.S. in 1990 under the U.S.-Soviet Maritime Boundary Agreement signed by Secretary of State James Baker and Soviet Foreign Minister Eduard Shevardnadze. While the deal may have helped ease Cold War tensions, anti-reform Soviet hard-liners always opposed giving up a piece of territory rich in sea life and hydrocarbon deposits, and they and their nationalist successors prevented the agreement's ratification. Today, the Agreement still operates on a provisional basis, pending its ratification by the Russian parliament.
But what had once been a battle cry of the nationalist opposition has now become the official line. In recent weeks, Kremlin-controlled media have berated the Agreement as a treasonous act by Shervardnadze (who later became the pro-NATO President of Georgia). Now, leading pro-Kremlin members of the Russian legislature are publicly demanding that the Agreement be reviewed, with the aim of recovering the country's riches.

In May, U.S. Senator Richard Lugar told the Senate Foreign Relations Committee that Russia claiming the hydrocarbon-rich area would be to the detriment of U.S. interests.

Meanwhile here we read dispute Canadian claims to the North West Passage .

Whereas Prime Minister Harper asserts "Canada has a choice when it comes to defending our sovereignty over the Arctic. We either use it or lose it. And make no mistake, this government intends to use it ...It is no exaggeration to say that the need to assert our sovereignty and protect our territorial integrity in the North on our terms have never been more urgent...The ongoing discovery of the north's resource riches coupled with the potential impact of climate change has made the region a growing area of interest and concern," Harper said. "

America meantime describes the Northwest Passage as "neutral waters."

"It's an international channel for passage," U.S. Embassy spokesman Foster said .

As global warming melts the passage -- which now is only navigable during a slim window in the summer -- the waters are exposing unexplored resources such as oil, fishing stocks and minerals, and becoming an attractive shipping route. Commercial ships can shave off some 2,480 miles (3,990 kilometers) from Europe to Asia compared with current routes through the Panama Canal.

Canada also wants to assert its claim over Hans Island, which is at the eastern entrance to the Northwest Passage. The half-square-mile (0.8-kilometer) rock is wedged between Canada's Ellesmere Island and Danish-ruled Greenland .
In 1984, Denmark's minister for Greenland affairs, Tom Hoeyem, caused a stir when he flew in on a chartered helicopter, raised a Danish flag on the island.The dispute flared again two years ago when former Canadian Defense Minister Bill Graham set foot on the rock while Canadian troops hoisted the Maple Leaf flag.

Let us not be mistaken , many former allies have become rivals when natural resources become a bone of contention

NEW YORK, SAME OLD STORY

Politicians throughout the world at election time project the idea that they can solve the problems of capitalism and trust by the next election the promises will have been forgotten or they can blame some other cause for the problem. "It was a statement born of confidence and boldness. Mayor Michael R Bloomberg declared in 2004 that he would do what no mayor of his era had done: reduce the city’s homeless population by two-thirds by the time he left office. ....But despite a number of initiatives, including computer tracking and prevention programs, the population of homeless families, after dipping in 2005, reached its highest point in two decades in May." (New York Times, 22 July) RD

LOADS OF MONEY

The Wall Street Journal employ Robert Frank to record the comings and goings of the super-rich, so he has decided to publish his findings in his book Richistan; A Journey through the 21st Wealth Boom and the Lives of the New Rich. This was reviewed by Tim Adams who came up with a couple of statistics that should interest all workers. "There are many statistics that attach themselves to Richistan. These are two telling ones; Wall Street's five biggest firms paid out $36 billion in bonuses in 2006; and while in the Seventies the average American chief executive typically took home 40 times the wage of his average employee, he now pockets 170 times that of his typical minion." (Observer, 22 July) As a "typical minion" how do you feel about that? RD

Charity and Philanthropy

The cash-for-honours affair and Tom Hunter's philanthropy merely prove the rich call the shots in an unequal society, says Joan Smith in the Independent

Peter Mandelson remarked nine years ago that Labour ministers were "intensely relaxed about people getting filthy rich"

During Blair's premiership the wealth of Britain's top 1,000 quadrupled.

The Scottish self-made retail billionaire Sir Tom Hunter, promised to give away at least £1bn to good causes before he dies. Hunter has joined an elite club of people who have made so much money that they are able to give away sums that most of us cannot even visualise ...Hunter is usually mentioned in the same breath as the hedge fund investor Chris Hohn, who has promised £230m to a children's charity run by his wife, and the financial trader Peter Cruddas, who is giving £100m to good causes which include The Prince's Trust and Great Ormond Street children's hospital.

Such donations are usually regarded as non-political, a harmless exercise in what's called "soft" power;...Yet a moment's consideration is enough to demonstrate the lack of democratic oversight at most private foundations, and while wealthy people may choose to support causes of which we all approve,.. they may just as easily make decisions which appear capricious or downright perverse. Some wealthy evangelical businessmen withhold money from organisations that support gay and women's rights...Despite the generosity of men such as Hunter, there is a widespread sense that there is something wrong with a society in which growing numbers of wealthy people are able to use their money to fund pet causes – or keep it for themselves... the fact remains that for every billionaire who decides to do something to combat Aids or malaria, there is another who prefers to buy yachts, wives or football clubs.

...there is compelling evidence not just that we are entering a new age of oligarchy, reminiscent of the US in the 19th century, but that it is corroding public trust in the political process. The names of the men who literally built America – Carnegie, Frick, Vanderbilt, Rockefeller – are familiar to this day; in a striking parallel with contemporary Britain, some of these tycoons had a highly developed sense of social responsibility and gave most of their money away. The Scottish-American steel tycoon Andrew Carnegie, who was originally from Dunfermline, gave away the equivalent of $4.3bn in his lifetime... There could hardly be a greater contrast than the railroad pioneer Cornelius Vanderbilt, who has been described as the second wealthiest person in American history, with a fortune estimated at the time of his death in 1877 at more than $100m (a staggering $143bn in today's money)... His son William got the bulk of his fortune, with next to nothing going to good causes.

The moral is that wealthy men are no more likely to be generous than poor ones; even such contemporary philanthropists as the Irish rock band U2, whose lead singer Bono never misses an opportunity to lecture political leaders about increasing aid to Africa, were revealed last year to have moved their financial affairs to the Netherlands in order to halve their tax bill. Private philanthropy is unreliable, in other words, and our increasing reliance on wealthy entrepreneurs to fund everything from clean water in the developing world to British political parties is a symptom of profound malaise.

Friday, July 20, 2007

OUTDATED MARXISM?

One of the oppositions to Marxism is that it is so out-dated, it is so 19th century. So let us get up-to-date. "The Royal College of Midwives (RCM) is to ballot its members on industrial action over pay, the first time in its 125-year history that such a move has been made. ..The decision to ballot 23,000 midwives, taken at an RCM council meeting last night, follows the government's announcement that midwives and nurses would get a 2.5% pay rise in two stages, amounting to 1.9% across the year." (Guardian, 20 July) It just shows you how outdated Marxism is, after all in 1848 in the Communist Manifesto Marx and Engels wrote - "The bourgeoisie has stripped of its halo every occupation hitherto honoured and looked up to with reverend awe. It has converted the physician, the lawyer, the priest, the poet, the man of science, into its paid wage-labourer." How outdated, they never mentioned midwives did they?RD

CAPITALISM AND SPORT

We are all well aware that the Tour de France cycling race has been marred by drugs, even leading to death. Football clubs have been investigated for illegal "bungs" and the once pristine sport of cricket has had its bribery and corruption scandals. Now we find that golf too has been invaded by drug cheats. "Gary Player, one of the legends of golf, has marked the start of this year's Open Championship at Carnoustie by declaring that performance-enhancing drugs are rife among world players. The South African who won three Opens, the first of them at Carnoustie 38 years ago, said he knows several top golfers are developing their physiques by taking human-growth hormones, steroids and creatine, though only the first two are prohibited by international sports bodies." (Herald, 19 July) It seems that everything that capitalism touches it corrupts in its insatiable drive for wealth. RD

DOMESTIC BLISS?

It is the subject of romantic novels and love songs - boy meets girl, wedding bells and domestic bliss, but the reality often proves to be otherwise inside the stressful society that is modern capitalism. "The conviction rate in domestic violence cases has risen dramatically in four years, the Crown Prosecution Service said. A snapshot view found that in 2003 46 per cent of cases ended in conviction. By 2006 this had risen to 66 per cent. In 2003 the CPS dropped 17 per cent of cases. By 2006 this had fallen to 11 per cent. More than 57,000 cases were charged for prosecution in 2006/7." (Times, 19 July) RD

health and the worker

Deprivation is fuelling ill health in Scotland, according to new research. A study of 25,000 men and women across the country found that heart disease was more prevalent in areas with poorer communities. The research found poor health and lifestyle among people with low levels of education, middle-aged men, and women out of work or in low-skilled jobs.
The report by the Medical Research Council (MRC) said that if social and economic conditions improved, many health problems would disappear.

"Glasgow's health is likely to continue to be worse than the rest of Scotland unless there is a considerable change in the circumstances of our poorer communities." Director Professor Carol Tannahill said

Dr Linsay Gray, of the MRC said "... improving Glasgow's health remains closely linked with tackling the problems associated with deprivation and poverty."

Socialist Courier concur that it is change - but revolutionary change - that will be required to improve the health - both physical and mental - of the working man and woman .

Thursday, July 19, 2007

Anyone for Tennis ?- The physical price of fame

A study of 33 young elite players aged between 16 and 23 at a national tennis centre, who represent Britain's best hope for a future Wimbledon winner, found 28 of them had damaged spines. Nine players had stress fractures. Some of the damage was irreparable.

Far from improving fitness, the game could leave them seriously damaged. The demands of modern tennis are so extreme and the competition so intense that young players in training face a high risk of fractures, slipped discs and damaged joints, researchers for the Lawn Tennis Association say. The increased speed and types of strokes used in tennis all boost wear and tear on the lower back.

"...These players have backs like 50-year-olds, not 16-year-olds." - David Connel, of the Royal National Orthopaedic Hospital

The Loony Right

The Conservatives are fighting a claim that a businessman did not know what he was doing when he left the party £8.3 million in his will.

London's High Court heard Branislav Kostic was "deluded and insane" when he willed his money in the 1980s.

He made the will after saying Margaret Thatcher was "the greatest leader of the free world in history" and that she would save the world from the "satanic monsters and freaks".

His son says his father lacked "testamentary capacity" because of his delusional and paranoid mental illness.

Clare Montgomery QC said the Conservatives "only benefited because the testator became mentally ill".

Mr Simmonds , QC for the Conservative Prty , said that while it was accepted that Mr Kostic had a delusional disorder it was not accepted that this made him incapable of making a proper will.

I think Socialist Courier readers will concur with all who say that this individual must have indeed been crazy to believe and trust in Magaret Thatcher and the Conservative Party .

Wednesday, July 18, 2007

JESUS AND HARRY POTTER

"The Church of England is publishing a guide advising youth workers how to use Harry Potter to spread the Christian message. ... the Rt Rev John Pritchard, the Bishop of Oxford, said yesterday: "Jesus used storytelling to engage and challenge his listeners ..." Owen Smith, its 24-year-old author and a youth worker at St Margaret's Church in Rainham, Kent, said: "To say, as some have, that these books draw younger readers towards the occult seems to both malign JK Rowling and to vastly underestimate the ability of children to separate the real from the imaginary." (Times, 18 July) A good point, Mr Smith; what child-like mind having read about healing the lame, making the blind see, bringing the dead back to life and so on could imagine it had anything to do with reality? RD

BLIND INDIFFERENCE

"A pensioner aged 84 is suing an NHS trust over its refusal to pay for drugs to save his sight in the first such case to be backed by Britain's leading charity for the blind. Dennis Devier of Henley-on-Thames has been told by Oxfordshire Primary Care Trust that he cannot have drugs to treat his macular degeneration, the commonest cause of sight loss, unless he can prove he is an " exceptional case". Mr Devier, a war veteran, is the main carer for his disabled wife and is already blind in one eye. He also has diabetes and Paget's disease, which affects the bones. ... The charity said Oxfordshire PCT claimed to consider each case on its merits but had not funded drug treatment for a single patient, despite having more than 70 in need of it." (Independent, 9 July) Why such cruelty towards an old man who will go blind in three months? Could the cost of treatment £9,000 a year for two years have anything to do with it?
RD

Tuesday, July 17, 2007

EUROPEAN HUNGER

"It's 10 o'clock in the morning and Shkelten Daljani, a rambunctious boy of 14 in a tattered "Route 66" T-shirt, should be in school. But if he wants to eat, he has to help his father collect scrap metal to sell. The previous day, he says, there was no metal and no food."If we have food, we eat," Shkelten says with a shrug. "If we don't, we don't."Shkelten and his family live on the outskirts of Albania's capital, Tirana, in the neighborhood of Breju Lumi, which means riverside, though the only nearby water is a dry streambed cluttered with trash. The houses are a collection of concrete blocks and tin shacks without electricity, running water, or sanitation. The streets are little more than dirt lanes.Shkelten's situation – inadequate housing and sanitation, poor medical care, and occasional hunger – is little different from that of millions of children throughout Africa, Asia, and Latin America. But his home is in the heart of Europe. .."We used to say that everybody was equally poor," says Arlinda Ymeraj, a social-policy officer with the UN Children's Fund in Albania. "Now, if you compare, there are big disparities. A few people have gotten very rich, but more have stayed poor or gotten poorer." ..Despite recent economic growth, a third of Albania's children live on less than $2 a day. Ms. Ymeraj says that it is difficult to compare the situation of children today with that during communist times, but that life has deteriorated for the poorest in a number of concrete ways." (The Chritian Science Monitor, 10 July) No matter where you look in the world today Ms Ymeraj's statement "a few people have got rich but more have stayed poor or gotten poorer" applies. RD

THE WASTEFUL SOCIETY

"In proposals which will be hotly disputed in wine-producing countries from France to Bulgaria, Brussels wants to pay producers of unsaleable wines to "grub up" their old vines. And from 2013, national restrictions on the planting of different varieties of vines would be lifted to encourage "competitive" growers to shift to types of wine more in demand from consumers..... Part of the EU budget for supporting the wine industry would be shifted to a campaign to promote European wines on the international market. The distillation of surplus wine into industrial alcohol or disinfectants - which costs €500 million (£340m) a year - would end from 2009. The European Union's annual "wine lake" of unsold wines is more than 13 million hectolitres - equivalent to about 1.7 billion standard-size bottles." (The Independent, 5 July) This gigantic surplus wine lake is a terrible problem inside capitalism, of course inside socialism we would just drink it. RD

More on class divisions

The gap between rich and poor in the UK is as wide as it has been for forty years, the Joseph Rowntree Foundation has said in a report. Full report here

Since 1970, area rates of poverty and wealth in Britain have changed significantly. Britain is moving back towards levels of inequality in wealth and poverty last seen more than 40 years ago. Over the last 15 years, more households have become poor, but fewer are very poor. Even though there was less extreme poverty, the overall number of 'breadline poor' households increased – households where people live below the standard poverty line. This number has consistently been above 17 per cent, peaking at 27 per cent in 2001 . Already-wealthy areas have tended to become disproportionately wealthier.

There is evidence of increasing polarisation, where rich and poor now live further apart. In areas of some cities over half of all households are now breadline poor. Both poor and wealthy households have become more and more geographically segregated from the rest of society. 'Average' households (neither poor nor wealthy) have been diminishing in number and gradually disappearing from London and the south east. Poor, rich and average households became less and less likely to live next door to one another between 1970 and 2000. As both the poor and wealthy have become more and more clustered in different areas

While in another BBC report , the Centreforum research paper , Tackling Educational Inequality , wants the funds (£2.4 billion) schools in England get to teach pupils from disadvantaged homes to be doubled .

It said low attainment too often stemmed from children's backgrounds, not their abilities.

"Britain is a bastion of educational inequality," said Paul Marshall, chairman of Centreforum, an independent liberal think tank. "The die is cast at an early age and rather than recast the die, the English educational system tends steadily to reinforce the advantages of birth."

Monday, July 16, 2007

ALIENATION IN ABERDEEN

Capitalism is a ruthless and uncaring society, just how uncaring is summed up in this news item. "A man is believed to have lain dead in his flat for almost a year before his body was discovered, a city council said. Debt collectors found the remains when they came to evict the man from his Aberdeen flat. They had called there numerous times in the past but there was never a response, Aberdeen City Council said. It is understood that the man may have died in August last year." (Times, 13 July) RD

Capitalism Shares- Or Does it ?

The proportion of shares owned by small shareholders is down to an all time low of 13 % , reported the Independent.

There are as many as 10 million private investors, and BT, for example, retains about half of the people who bought its shares in 1984, but few have a holding in more than one company. Those who own share portfolios with a value of, say, £50,000 to £100,000 is put at no more than 100,000, or 200,000 people.

Half of the UK stock market was controlled by individuals in 1963, that proportion has fallen steadily to this all-time low. The 12.8 per cent headline figure would be even lower were it not for the privatisations and demutualisations of the 1980s.

It is certainly not the Peoples Capitalism , that the apologists of the free market had hoped for .

Friday, July 13, 2007

East end , Early ends

A "cluster" of suicides among young adults has been identified in one of the most deprived parts of Scotland.They said the cluster , a "persistent and remarkably consistent" geographical concentration of suicides, was focused on the east end of Glasgow. The research showed that the east end of Glasgow has particularly high suicide rates among young adults but that this can be explained by the high levels of deprivation in this area.

Dr Exeter, the project researcher, said: "The finding demonstrates that suicide is particularly high in the most deprived part of Scotland... Factors which are known to influence suicide, such as drug misuse, divorce and unemployment, are likely to be more common in such deprived areas."

Earlier recent research which found that between 1980 and 2000, young people (aged 15-44) in Scotland's poorest areas were more than four times as likely to commit suicide than those in its least deprived areas. Socialist Courier also reported previous that the Irish Travelling Folk also suffered from much higher suicide rates due to worsening living conditions

Days of Cheap Food to End

Mark Hill, food and agriculture partner at Deloitte, the accountancy firm , warned that rising demand for wheat and maize was bound to result in increases in the price of staple foods. The era of cheap, subsidised food, which had lasted since the war, was over, he said. We are going to see sustained price inflation - a general upward trend for staple foods such as grains, milk and meat.

The price of milk, poultry and pork is also expected to increase because of a rise in the cost of livestock feed . Wheat and maize prices are at their highest level in more than a decade.

The growing trend of turning wheat and corn into alternative fuels had come at a time when stocks had been run down. Grain supplies were already under pressure as a result of bad weather that reduced harvests and pushed up prices last year. Population increases and growing affluence in China and India could double global grain consumption within the next 40 years.