Union Homes and Savings and Loans Plc (UNHOME.ng) Q32015 Interim Report

first_imgUnion Homes and Savings and Loans Plc (UNHOME.ng) listed on the Nigerian Stock Exchange under the Financial sector has released it’s 2015 interim results for the third quarter.For more information about Union Homes and Savings and Loans Plc (UNHOME.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Union Homes and Savings and Loans Plc (UNHOME.ng) company page on AfricanFinancials.Document: Union Homes and Savings and Loans Plc (UNHOME.ng)  2015 interim results for the third quarter.Company ProfileUnion Homes & Savings & Loans Plc is a financial services institution in Nigeria providing solutions for mortgage finance and funding for residential and estate development. The company is primarily focused on supporting investors with interests in developing and managing housing schemes and purchasing houses and estates for resale to corporate and private customers. This includes estate development loans to fund the development of large residential estates for sale, lease or rental; the national housing fund; home equity mortgages; pension-linked mortgage loans for workers in the public sector; and pension-linked mortgage schemes for pensionable employees. The company also offers a range of savings and investment products and services which includes all-purpose savings accounts, retirement/pension savings accounts, uni-homes savings accounts, Union Homes trust accounts, target savings accounts, NOW accounts, uni-thrift savings accounts and a house-at-home scheme. Union Homes Savings & Loans Plc is a subsidiary of ASO Savings & Loans Plc. Its company head office is in Lagos, Nigeria. Union Homes & Savings & Loans Plc is listed on the Nigerian Stock Exchangelast_img read more

Binary bets: Bargains or basket cases?

first_imgBinary bets: Bargains or basket cases? I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. In practice, analysts found workarounds. Image source: Getty Images. Enter Your Email Address Most people agree the pricing of shares is now pretty efficient. When new information comes out, whether via headlines or official updates from a company, the estimated impact on future earnings is soon calculated and discounted back into the share price. It’s left BP shares yielding a whopping 6.7% and priced no higher than 10 years ago. I’m fascinated by these potential opportunities, precisely because the valuation seems to turn on much larger (or hairier!) outcomes than whether management is successful in reducing packaging costs by 3% or whatnot. But at the back of your mind you’re wondering whether you’re rearranging deckchairs on the Titanic – or, on the other side, haggling about the cost of a mule in a gold rush! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. It’s hard to think of easier cash flows to model. Yet shares in British Land are trading at a discount of 30% to net assets, suggesting the market has its doubts about the future. Owain Bennallack does not own any of the shares mentioned. The Motley Fool UK has recommended British Land Co.  Here are three companies from the FTSE 100 that might fit this definition. British Land (LSE: BLND)Putting money into property is even older than investing in shares. The business model is simple – build or buy a property, do it up if required and keep it maintained, let it out, and pocket the rent. Oh, and periodically ask an estate agent what it’s all worth. The company’s accounts were always quite opaque, however, which led to worries it was overstating its gains by prematurely booking profits. Things reached a climax last year when the short seller Muddy Waters released a report alleging Burford was deliberately misleading investors. The share price crashed 50% over the next few days. “This Stock Could Be Like Buying Amazon in 1997” I just mean to highlight the need to determine what’s influencing the price of any company that appears to you to be cheap. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Well, maybe. It’s not a perfect science, which is why prices still jig up and down. But there are no longer screamingly mispriced golden apples littering the market’s proverbial floor, like perhaps there were 50 years ago.Three companies that could go either wayAt any one time, however, there are a few shares around that seem resistant to fundamental analysis. For one thing, integrated majors like BP have natural hedges in their operations. If energy prices fall, dinging the value of the oil it extracts, then other parts of the business that benefit from low prices can compensate. Even more importantly, the long-term price of oil has generally been assumed to be higher than today, and more stable.center_img Because if you only look at the numbers, you might just be missing an existential crisis. On the face of it, the high internal rate of return it enjoyed on the money it uses to back claims through the courts make it a dream for those who like numbers to underwrite their investment thesis. Fans also point to a quality and engaged management team, and the ease with which Burford has been able to raise new money for funding. Concerns over fossil fuel use and calls to shift to renewables long ago left the fringes of student politics to enter mainstream reports from the Bank of England. Massive funds are divesting their coal, oil, and gas assets. And the calls to do so are not only coming from environmentalists – analysts, too, warn of the risks of spending shareholders’ billions discovering new reserves that might need to be left in the ground, either to tackle the climate emergency or because they’re no longer economical compared to wind and solar power. After all, there are finite reserves of oil, and this stuff fuels the global economy, right? To oversimplify, we might call them binary bets. How can investors make their mind up? A future secondary listing on the US NASDAQ market – under the eyes of US regulators – might help, but that’s been a while coming…The lowdown on the down lowI’m not here to tell you to buy these three companies – nor to avoid them. You can dig deep into BP’s accounts to figure out the breakeven price for extracting a barrel of oil and you can study global demand. But if future governments legislate fossil fuels out of existence, then all your hard work could be moot.Burford Capital (LSE: BUR)Litigation financing outfit Burford Capital has long been a controversial stock. Our 6 ‘Best Buys Now’ Shares If the price of a barrel of oil can be $100 one year and $30 the next, what on earth should you plug into your spreadsheet? British Land seems to be dogged by two factors – short-term worries about a collapse in demand for property in the event of a disruptive Brexit, and a longer-term existential question about the future of Britain’s struggling bricks-and-mortar retailers.If you think you can make the right call here, then perhaps you could bag a bargain?BP (LSE: BP)As with all commodity firms, the volatility of the oil price has always made calculating the value of BP shares a bit of a cross between accounting and astrology. As I write, Burford shares are priced just below £7, compared to around £15 the week before the short report was released and near £20 in summer 2018. Burford has defended its accounts, gone to court alleging market manipulation, and made various changes to its management team. But evidently the market is not yet convinced. Owain Bennallack | Saturday, 8th February, 2020 | More on: BLND BP BUR Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. These are the cheap-looking companies under a cloud, distrusted by the market, and/or facing a future clouded in existence-threatening darkness.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Sure, you can tweak your discounted cash flow model to reflect the latest sales numbers. Think about it… if you could buy your own home with 30% knocked-off the price, would you even hesitate? Or would you grab two of them? You could spend a lot of time creating a discounted cashflow model for Burford. But whether you enjoy a successful investment return from here will depend on whether the short-seller’s allegations have any merit. See all posts by Owain Bennallacklast_img read more

Diocese of Central New York announces bishop slate

first_img TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Tampa, FL Rector Belleville, IL The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Director of Music Morristown, NJ Rector Knoxville, TN Associate Rector Columbus, GA Associate Rector for Family Ministries Anchorage, AK Rector Washington, DC Diocese of Central New York announces bishop slate An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Curate Diocese of Nebraska Youth Minister Lorton, VA In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Course Director Jerusalem, Israel Rector Smithfield, NC Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector and Chaplain Eugene, OR Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Submit an Event Listing Rector Albany, NY Rector Shreveport, LA Family Ministry Coordinator Baton Rouge, LA Director of Administration & Finance Atlanta, GA [Episcopal Diocese of Central New York] The Standing Committee of the Episcopal Diocese of Central New York May 2 announced a slate of four candidates for the position of 11th bishop of the diocese, succeeding the Right Rev. Gladstone B. “Skip” Adams, who is retiring after 15 years of service.The candidates are:The Very Rev. Dr. DeDe Duncan-Probe, rector, St. Peter’s in the Woods Episcopal Church, Fairfax Station, Virginia;The Rev. Canon Debra Kissinger, canon for transition ministries and leadership development, Diocese of Indianapolis;The Rev. Noah H. Evans, rector, Grace Episcopal Church, Medford, Massachusetts;The Rev. Nora Smith, rector, The Church of St. Barnabas (Episcopal), Irvington, New YorkThe election will take place Aug. 6 at the Holiday Inn in Liverpool, New York. The ordination and consecration of the bishop-elect is tentatively scheduled for Dec. 3, 2016 at the Holiday Inn in Liverpool, New York.The people of the diocese will have an opportunity to meet and hear from the candidates on July 20-23 when the candidates will visit four locations in the diocese for a series of question-and- answer sessions called “walkabouts.”A petition process, during which additional candidates may come forward, runs through May 9. Information about the petition process is available here.Established in 1868, the Episcopal Diocese of Central New York is made up of 13,000 Christians worshiping in 87 congregations and chapels, including one college chaplaincy. The diocese extends to 14 counties in the center of New York State:  Broome, Cayuga, Chemung, Chenango, Cortland, Jefferson, Lewis, Madison, Oneida, Onondaga, Oswego, Seneca, Tioga and Tompkins. Submit a Job Listing Rector Hopkinsville, KY Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Cathedral Dean Boise, ID Rector Pittsburgh, PA Featured Events Posted May 2, 2016 Bishop Diocesan Springfield, IL Rector Collierville, TN Bishop Elections Rector Bath, NC Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Press Release Service Missioner for Disaster Resilience Sacramento, CA Associate Priest for Pastoral Care New York, NY Featured Jobs & Calls Canon for Family Ministry Jackson, MS Submit a Press Release Assistant/Associate Rector Morristown, NJ New Berrigan Book With Episcopal Roots Cascade Books Tags Rector (FT or PT) Indian River, MI Curate (Associate & Priest-in-Charge) Traverse City, MI Rector Martinsville, VA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Priest Associate or Director of Adult Ministries Greenville, SC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Priest-in-Charge Lebanon, OH Assistant/Associate Rector Washington, DC Assistant/Associate Priest Scottsdale, AZ Rector/Priest in Charge (PT) Lisbon, MElast_img read more

Garrison Residence / Patrick Tighe Architecture

first_imgCopyAbout this officePatrick Tighe ArchitectureOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRedondo BeachUnited StatesPublished on May 23, 2016Cite: “Garrison Residence / Patrick Tighe Architecture” 23 May 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MSun Control Film – Prestige ExteriorShowerhansgroheShowers – Croma SelectWall / Ceiling LightsSpectrum LightingLED Downlight – Infinium 3″ Round FlangelessVentilated / Double Skin FacadeCosentinoDekton Cladding in LD Sevilla hotelSealantsSikaJoint SealingBeams / PillarsLunawoodThermowood Frames and BearersPorcelain StonewareApariciPorcelain Tiles – MarblesCeramicsTerrealTerracotta Facade in Manchester HospitalWindowspanoramah!®ah! CornerHome AppliancesGIRAGira Keyless in – Door communicationLightsLinea Light GroupIntegrated Lighting – Fylo+More products »Read commentsSave想阅读文章的中文版本吗?美国 Garrison 住宅 / Patrick Tighe Architecture是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream “COPY” Photographs United States Save this picture!© Art Gray Photography+ 20 Share MMC Associates Houses 2015 Year:  CopyHouses•Redondo Beach, United States General Contractor: Photographs:  Art Gray Photography Garrison Residence / Patrick Tighe Architecturecenter_img PA Design Garrison Residence / Patrick Tighe ArchitectureSave this projectSaveGarrison Residence / Patrick Tighe Architecture ArchDaily Structural Engineer: Area:  3800 ft² Year Completion year of this architecture project Architects: Patrick Tighe Architecture Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/787800/garrison-residence-patrick-tighe-architecture Clipboard Glasswork:Altered GlassUpholstery Workshop:Modern 2 Los AngelesFurniture:David Dunn Interiors & ArchitectureProject Team:Evelina Sausina, Michael Ho, Michael NesbitCity:Redondo BeachCountry:United StatesMore SpecsLess SpecsSave this picture!© Art Gray PhotographyRecommended ProductsMetallicsStudcoWall Stop Ends – EzyCapEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsMetallicsTECU®Copper Surface – Classic CoatedEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornSave this picture!PlanText description provided by the architects. The 3,500 sq. ft. home is located in Redondo Beach, one block from the Pacific Ocean. The simple massing is accentuated by articulated openings, situated and designed to frame views of the surrounding mountains and ocean. The geometry used to create the system of apertures continues throughout the interior. Surfaces of pattern and openings define zones of circulation and living spaces.Save this picture!© Art Gray PhotographyThe home consists of three stories and is designed with an open floor plan. The living spaces open to several private outdoor terraces including a roof top garden that takes advantage of the surroundings. The home is environmentally sound. Sustainable strategies include photovoltaics for power and a solar hydronic system for the heating of water. The latest in green technologies, materials and building systems are used throughout. The distinct form of the building optimizes airflow, natural light and sun protection. The landscape is in keeping with the native coastal vegetation.Save this picture!SectionSave this picture!© Art Gray PhotographyProject gallerySee allShow lessFrom Starcraft to Age of Empires: When Architecture Is The GameArticlesAlejandro Aravena Is Profiled by Michael Kimmelman for T MagazineArchitecture News Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/787800/garrison-residence-patrick-tighe-architecture Clipboard Projects “COPY”last_img read more

St Kilda East Townhouses / Jost Architects

first_img “COPY” CopyHouses•Saint Kilda East, Australia Architects: Jost Architects Area Area of this architecture project Area:  380 m² Year Completion year of this architecture project St Kilda East Townhouses / Jost Architects Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/797586/st-kilda-east-townhouses-jost-architects Clipboard Save this picture!© John Gollings+ 29 Share Manufacturers: Australian Sustainable Hardwoods (ASH), EGGER, Colorbond, Burnished, Engineered Oak, Sone Italiana Products translation missing: en-US.post.svg.material_description Photographs:  John Gollings Manufacturers Brands with products used in this architecture project Projects St Kilda East Townhouses / Jost ArchitectsSave this projectSaveSt Kilda East Townhouses / Jost Architects CopyAbout this officeJost ArchitectsOfficeFollowProductsWoodSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSaint Kilda EastAustraliaPublished on October 28, 2016Cite: “St Kilda East Townhouses / Jost Architects” 28 Oct 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogShowershansgroheShower MixersEducational3MProjection Screen Whiteboard FilmPartitionsSkyfoldWhere to Increase Flexibility in SchoolsLinoleum / Vinyl / Epoxy / UrethaneTerrazzo & MarbleTerrazzo in The Gateway ArchSkylightsLAMILUXGlass Skylight FE PassivhausConcreteKrytonSmart ConcreteMetallicsTrimoMetal Panels for Roofs – Trimoterm SNVWire MeshGKD Metal FabricsMetal Fabric in Kansas City University BuildingGlassDip-TechDigital Ceramic Curved Glass PrintingMetallicsRHEINZINKZinc Roof Systems – Double Lock Standing SeamChairs / StoolsFreifrauBarstool – OnaSealants / ProtectorsWoodenha IndustriesFireproofing System for Wood Cladding – BIME®More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream 2015 Photographs Products used in this ProjectWoodEGGERLaminatesEngineered Wood FlooringAustralian Sustainable Hardwoods (ASH)Australian Oak Engineered FlooringCollaborators:Bacchus Constructions, BDD Engineering, Deery Consulting Engineers, EnergylabCity:Saint Kilda EastCountry:AustraliaMore SpecsLess SpecsSave this picture!© John GollingsText description provided by the architects. The initial core aim of the St Kilda East Townhouses was as a family development generating two typical dwellings that can functionally house downsizing grandparents in one (my parents), and comfortably accommodate a young family of five in the other (myself, wife and kids). It had to be cost effective but with a good aesthetic outcome. The site being located on a corner with a dog leg in the street and a street address to the long boundary meant that the dwellings needed to run end to end, parallel to the street. This breaks from the more traditional side by side mirrored plan townhouse. It also meant that along with particular site and planning conditions, in this case, daily living is somewhat exposed to the local community.Save this picture!© John GollingsWhile the building itself is a striking and prominent presence, the architectural success of these dwellings is how they embrace genuine social interaction in an increasingly prohibitive culture, avoiding obsessions with technology, regulation and total privacy. Kids lean over the fence to say hi to grandparents & passers-by, dogs bark in unison and neighbours honk as they drive pass.The two read as one, with a long, elevated oblong containing the more secluded areas which still remain very connected to the neighbourhood with a long continuous strip window that still maintains suitable privacy. It presents itself as an extension to the streetscape as the site falls and tapers to the short southern boundary, maintaining its elevation with the open living areas below and floating out over the street corner.Save this picture!Ground FloorSave this picture!1st FloorFunctionally the layout efficiently minimises egress zones, opting for room to room movement giving this space back to living areas. A multipurpose airlock separates the dining room from the study/4th bed and powder room. This also doubles as an ensuite when a cavity slider is used to close it off to the living area so it can service the study/4th bed. Both townhouses are crowned by roof decks that provide generous entertaining areas with amazing 180° views of Port Phillip Bay, Indented Head, and the You Yangs right through to the city skyline. The sunsets are regularly spectacular and it dangerously invokes excessive entertaining, especially when passing friends, both in the car and on foot, look up to see who’s up there, stop and come in for a “quick drink”.Save this picture!© John GollingsThrough thermally passive design, the challenging western exposure is controlled by a modest eave which supports removable external blinds at ground floor, while level 1 has a reduced horizontal glazing area but fully openable sliding windows to its full length and more window openings to the eastern side which allows extensive cross ventilation to all rooms. The stair can be closed off at level 1 to act as a thermal chimney which draws the air up from the ground floor up and out of the fully openable bi-fold doors to the roof deck to generate a breeze in any wind direction. The whole building is double glazed and while there is heating and cooling available in extreme conditions, in most instances it is very much a case of the occupants utilizing and operating the house to properly benefit from these passive features.Save this picture!© John GollingsCareful selection of hardwearing, economic materials combined with controlled portions of higher end detailing, enabled the dwellings to be delivered for a construction budget of approx. $600,000 each. At 174m2 and 189m2, the efficient footprints happily accommodate & facilitate the requirements of two very different demographics and are a great example of multi-functional medium density living which has been neglected by recent government and we believe could be a very important part of trying to rectify the problem of the current housing situation in Victoria.Save this picture!© John GollingsThe outcome is two aesthetically interesting, modestly sized and very efficient homes that successfully draw on how the architecture responds to the site more than how the site responds to the architecture. Both households will have an extremely hard time deciding when the time will come to move onto the next nuclear family project!Project gallerySee allShow lessBain&Company Istanbul Office / Net MimarlikSelected ProjectsFinal Designs Revealed for BIG’s East Harlem DevelopmentArchitecture News Share Australia Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/797586/st-kilda-east-townhouses-jost-architects Clipboard “COPY” ArchDailylast_img read more

Economic contraction and military expansion

first_imgThis article, written by Workers World Party founder Sam Marcy in June 1980, analyzes the basic contradiction within U.S. imperialism that is even more catastrophic today.At a time of deepening economic crisis, many of the bourgeois ideologists and particularly their economists have increasingly turned their research to analyzing the nature and profound implications of the great economic crisis which began with the stock market crisis of 1929.A recurring thought which continues to haunt many in the ruling class is the possibility that, notwithstanding current predictions, there may yet occur an economic catastrophe of the dimensions of the 1929 debacle.One of those professors who concerns himself with the 1929 economic crisis is Charles P. Kindleberger. In his book, “The World in Depression,” 1929-1939, he presents the thesis that “the world depression of 1929 was so widespread, so deep, and so prolonged, not because of the deep disturbances to the monetary system but because the monetary system itself was basically unstable” and therefore broke down.According to Kindleberger, when the economic leadership of Britain had eroded after the First World War and the U.S. failed to take it over, the monetary system collapsed of its own weight.Monetary instability not cause of collapseKindleberger’s thesis is not a new approach. Many bourgeois economists have dealt extensively with the monetary crisis of the early 1930s and in one way or another they attribute the crisis either to mismanagement or accidental factors.It was not, of course, the instability or imperfections of the capitalist monetary system that were the cause of the great economic collapse. The cause of the crisis, as it has been ever since the first worldwide capitalist crisis of 1825, was capitalist overproduction. The recurring monetary crises, which have become so pervasive in the imperialist epoch, are the effect of capitalist overproduction, not the cause.Nevertheless, Kindleberger does point up a very important aspect of the world capitalist economy during that entire period which has relevance today, particularly as it affects the U.S. It is clear from his book, although he does not precisely say so, that it was not just the economic leadership of Britain that had become eroded. The significant fact that emerges from the entire era of the 1930s was that Britain, notwithstanding its victorious position after World War I, had lost considerable ground in the economic basis for its military, diplomatic, and political leadership on a world scale.Economic base erodedThe British empire as it stood during the economic crisis — militarily, diplomatically and politically — no longer had the formidable economic base to sustain its world imperialist leadership. The financial and economic cost of maintaining such leadership was far out of proportion with the returns required for a thriving imperialist exploiter.Already in the 1920s, the British financial and industrial aristocracy was faced with the looming prospect of the loss of “our India,” as the U.S. later was forced to face the prospect of losing “our China.” The financial and economic responsibilities that British imperialism had toward the battered capitalist states of Europe, as well as its far-flung empire, put increasing strains on its obsolescent coal and metal industries, as well as its transport industry, including even the shipping industry.Britain did not “surrender” its economic leadership to the U.S., as Kindleberger maintains. The U.S. conquered British markets by economic warfare, particularly in Latin America and parts of Asia. All of this was told at the time in an illuminating book with the expressive title “America Conquers Britain” by Ludwell Denny.Britain lost its world leadership because it could not economically compete with the U.S., notwithstanding that its navy was second to none and that its worldwide empire was still juridically and militarily under its control. The worldwide revolutionary upsurge of the national liberation struggles, already fully in view in China, India and Indonesia, made it clear that military expansion by the British imperialists while its economic base was narrowing both at home and abroad created an impossible situation for Britain. An explosion, a collapse, was inevitable.Fallback positionThere was, however, a silver lining in this darker picture for British finance capital and for the imperialists as a whole. There was a fallback position for Britain that prevented the kind of explosion that could have only ended in a revolutionary conflagration and turned Britain into a genuine socialist republic.While American finance capital took over much of the markets of Britain and generally strengthened its position in relation to all of Western Europe and Japan, at the same time it secured the continued existence of Britain as a formidable imperialist power. In addition it became the guarantor of the vital interests of Britain as against other imperialist rivals such as Germany, as well as Japan, and a general bulwark of world political reaction.Thus the acute contradiction arising from the profound divergence between Britain’s shrinking economic base and its ever-growing financial, diplomatic and military commitments, found a fallback position in the none too gentle embrace of U.S. finance capital with its great military potential.But how is it with the U.S. today?There are some striking similarities between the British position of the 1930s and the U.S. position today. Like Britain, only more so, the U.S. is in the grip of a profound geopolitical contradiction, one that becomes clearer with each passing day.Basic contradictionOn the one hand, the U.S. is in the midst of a steadily expanding military buildup of unprecedented and virtually unimaginable proportions. On the other hand the economic basis for sustaining such an unbridled military posture has been slowly but surely eroding.The current economic crisis will surely accelerate and continue the erosion. The malady, however, goes much deeper than the current crisis, nor did it spring into existence with the pronouncement of the Carter Doctrine.Unlike Britain in the 1930s, the U.S. has no fallback position, a fact which both the political and economic planners at the summits of the capitalist establishment cannot but be deeply aware.A few years after the Second World War, the U.S. was the economic and military leader of world imperialism. It was the unquestioned dominant power in world affairs and it had attained virtually supreme political and military hegemony over the bourgeois world and the dependent, underdeveloped countries and oppressed peoples in the orbit of the world imperialist system.At that time, in the early 1950s, the U.S. was responsible for more than 50 percent of the world’s gross production. At the beginning of the 1960s, the U.S. share of the world’s gross production had diminished to somewhere in the neighborhood of 35 percent. Today, according to the best estimates, it is between 25 and 27 percent.Weakens geopolitical positionWere the gross national product of the U.S. produced for human use and not for profit, it would be more than sufficient to satisfy the great needs of the population of the U.S. and then some. But production for purposes of capitalist profit, which entails competition for capitalist markets and sources of raw materials, poses an entirely different set of circumstances and inevitably brings into play the geopolitical position of the U.S. From that point of view, the relative position of the U.S. as a world power becomes tremendously weakened. It means, for instance, that in the event of any serious military struggle, the adversary, whether it be the imperialist rivals or the socialist countries, may have access to a portion of three-quarters of the world’s total production.Just as significantly, the U.S.’s relative share of the world’s gross product will continue to decline as the productive forces in the rest of the world must inevitably continue to expand relative to the U.S. position. In a world socialist cooperative commonwealth, on the other hand, the share of U.S. production, even though it be on a relatively diminishing scale, would be of tremendous importance because of the U.S.’s highly sophisticated technology and its capacity for mass production.Beginning of general declineThe Second World War enabled the U.S. to exercise its economic political and military hegemony over the bourgeois world. From the end of the Second World War until the final defeat of the U.S. during the Vietnam war, the U.S. capitalist economy was experiencing a general economic upsurge, notwithstanding several capitalist recessions which were of generally short duration.A significant aspect of the economic cycles was that each peak of the economic cycle was lower than the preceding ones — a symptom of the beginning of general decline and erosion of the U.S. economic base. The U.S. military buildup began around 1946 when the military-industrial complex was fully validated by government decree in the form of a memorandum from Dwight D. Eisenhower in April 1946, when he was Chief of Staff of the U.S. Army. (See Generals Over the White House by Sam Marcy, World View Publishers.)The military buildup, that was in full swing in the 1950s and continued without any pause in tempo until the end of the Vietnam war, occurred therefore during a period of general economic upsurge, notwithstanding several significant recessions. The buildup also occurred while U.S. imperialism retained most of its markets under its military umbrella. How markedly different is the situation today!The military buildup continues after the U.S. has lost its dominant position in Asia and has been severely restricted and under heavy pressure in all of Latin America. Its position in Europe has become politically and economically weakened, and in the Middle East it is most vulnerable to revolutionary attack from the oppressed people. Thus while military expansion continues, the U.S. economic base continues to deteriorate and contract.The sources for the extraction of surplus value on a world scale have been narrowed and encumbered by revolutionary pressure of a most intense character from the oppressed peoples and underdeveloped countries.Finally, like Britain, the basic industries of the U.S. are in decline, in a state of decadence, and under fierce competitive attack by the very allies which the U.S. government did so much to cultivate and resuscitate following the Second World War. Even the most superficial observers of the state of the U.S. world position cannot but be struck by the increasing divergence between two organic tendencies which are a product of monopoly capitalism.On the one hand, there is the evident economic contraction of both the domestic and world economic base of U.S. imperialism. On the other hand, there is the continuing and relentless drive for military expansion. Both of these tendencies grow organically from the body politic of the capitalist class structure of exploitation and oppression.The continued existence, side by side, of these two tendencies as though they were independent of each other is absolutely incompatible and of necessity leads to a catastrophe. There is no imperialist fallback position for U.S. capitalism. There is, however, a socialist solution to the catastrophic sharpening of this acute imperialist contradiction.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

1,283 positive Covid-19 tests nationally, 14 in Donegal

first_img Loganair’s new Derry – Liverpool air service takes off from CODA News, Sport and Obituaries on Monday May 24th Community Enhancement Programme open for applications 1,283 positive Covid-19 tests nationally, 14 in Donegal Facebook Google+ Google+ WhatsApp 1,283 more people have tested positive for Covid-19 and three more patients have died.It’s a new all-time record, and today is the fifth in a row that the daily total in the Republic has been a thousand or more.There are four hundred and eight cases in Dublin, 156 in Cork, 88 in Kildare, 80 in Meath, 55 in Limerick and 51 in Galway.But Cavan which recorded 42 cases today, has by far the highest infection rate by population.The county has a 14-day caseload of over 800 per hundred thousand people compared with just over 250 nationally.14 new cases were confirmed in Donegal today, while there are currently 14 covid patients in Letterkenny University Hospital and 2 in intensive care.Sinn Fein TD David Cullinane has just given his reaction to the record new cases:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/10/Cullinanevirus6.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Arranmore progress and potential flagged as population grows Previous articleDonegal secure Division One status with victory over TyroneNext articleDeclan Bonner reacts to Donegal’s National League win over Tyrone News Highland center_img RELATED ARTICLESMORE FROM AUTHOR Twitter By News Highland – October 18, 2020 Facebook Pinterest Important message for people attending LUH’s INR clinic Nine til Noon Show – Listen back to Monday’s Programme WhatsApp AudioHomepage BannerNews Twitterlast_img read more

‘Project Cupid’: New York City is making marriage licenses available online for the 1st time

first_imgNEW: I am issuing an Executive Order allowing New Yorkers to obtain a marriage license remotely and allowing clerks to perform ceremonies via video conference.— Andrew Cuomo (@NYGovCuomo) April 18, 2020New York City’s IT department built the technology to enable online licensing, beginning the first week of May.“For the first time in our city’s history, New Yorkers will be able to obtain marriage licenses online, and it was our pleasure to build out the technology to enable that,” said Jessica Tisch, commissioner of the city’s Department of Information Technology and Telecommunications.“We need moments of joy now more than ever, and we won’t let a pandemic get in the way of true love,” de Blasio said in a statement regarding the new order. “To all of the couples looking forward to tying the knot, know that your city is right here with you, throwing rice from afar.”Copyright © 2020, ABC Audio. All rights reserved. LPETTET/iStockBy JACQUELINE LAUREAN YATES and AARON KATERSKY, ABC News(NEW YORK) — For the first time, New York City is making marriage licenses available online due to the coronavirus pandemic. The new order, slated to last until May 18, will allow people to obtain marriage licenses online. The city is calling this transition to online licensing “Project Cupid” and it will allow couples to virtually schedule an appointment with the city clerk’s office, Mayor Bill de Blasio announced on Wednesday.All couples who want to get married in New York need a license. Due to the COVID-19 outbreak, Gov. Andrew Cuomo waived the requirement that it must be obtained in person.On April 18, Cuomo tweeted, “I am issuing an Executive Order allowing New Yorkers to obtain a marriage license remotely and allowing clerks to perform ceremonies via video conference.”last_img read more

Outsourcing helps BAe to cut HR costs

first_imgBAe Systems has significantly cut costs while improving service and its ITcapability since it outsourced its HR function a year ago, delegates heard. Alan Bailey and Richard Houghton of HR services company Xchanging, BAe’soutsourcing partner, believe good progress has been made in the 12 months sincethe two company’s agreed an £800m, 10-year deal. Houghton said Xchanging had helped BAe achieve a 10 per cent saving in HRcosts and a radical improvement in service in a number of key areas includinggraduate recruitment, international assignments and pensions. More than 500 BAe HR staff involved in transactional roles transferred toXchanging under TUPE regulations. Almost 200 HR business partners andspecialists will continue to drive the BAe’s strategy and policies andindustrial relations has also been retained within the company as this is seenas strategically important. Working from two centres in Farnborough and Preston the outsourced HR staffprovide services for training and development, remuneration and benefits,recruitment and international assignments. Most of the services are available via a self-service people portal on thecompany’s intranet, which is used by 43,000 UK-based BAe staff. The intranet has also been used for the successful introduction of thefirm’s global performance management programme for its top 6,000 managers,including an online peer review element. Xchanging has already spent £6.5 million in upgrading BAe’s IT systems, withnearly £14 million of further investment in this area in the pipeline. Previous Article Next Article Related posts:No related photos. Outsourcing helps BAe to cut HR costsOn 21 May 2002 in Personnel Today Comments are closed. last_img read more

Spring Fever happy hour will benefit The Hoboken Shelter

first_imgHOBOKEN–The Hoboken Shelter is celebrating spring with a happy hour to benefit the city’s homeless community at Cadillac Cantina, 80 River St from 6: 30 p.m. to 9:30 p.m. on Wednesday April 19.The Hoboken Shelter’s mission is to transform lives by providing meals for the hungry, shelter for the homeless, and services to support people to become housed. They shelter 50 people nightly, serve 530 meals daily, host 1,000 showers weekly, and provide such support services as food, shelter, case management, counseling, job and life skills training, creative arts workshops, and emergency homelessness prevention grants.All proceeds from the event will go to support the Shelter’s mission of transforming lives by providing food, shelter and supportive services. “The proceeds from events like these benefit our homeless guests by helping them develop the skills needed to gain employment, achieve independence, and re-integrate into the community,” said Executive Director of The Hoboken Shelter Jaclyn Cherubini.  “We helped 148 of our guests become housed in 2016 and our ultimate goal is to end homelessness in Hudson County one person at a time.”The fundraiser will feature drink specials, light appetizers, and fun prizes. Admission is a $25 donation at the door. Tickets for the Spring Fever Happy Hour can be purchased on the Hoboken Shelter’s website at www.hobokenshelter.org. ×last_img read more