Business

More from Private Eye on BoJob’s Connections to the Hedge Funds

Published by Anonymous (not verified) on Mon, 07/10/2019 - 3:35am in

I’ve found a few more little snippets from Private Eye about how Boris is being funded by hedge funds, the financial speculators looking forward to a no deal Brexit, as they’ll clean up when the country and its businesses go bust. In their issue for 14th-27th June 2019, the Eye ran an article, ‘Backing Boris’, about how Boris’  campaign to be selected leader of the Tory party was being funded by Jon Wood, another hedge fund manager. The article, on page 7 of the magazine, ran

The launch video for Boris Johnson’s leadership campaign was full of soft “Cameroon” social messages, fretting that “too many people feel left behind” and excluded from “opportunity and success”. Odd, then, that his largest financial backer seems keener for the government to look out for the big guy.

Hedge-fund manager Jon Wood gave Johnson £25,000 in May, according to the latest register of MPs’ interests. (He had already given the former foreign secretary a £50,000 donation for “office and staffing costs” in October). His hedge fund, SRM Global, was a major investor in Northern Rock, the bank that collapsed in the financial crisis and was nationalised by the Labour government in 2008. Shareholders like Wood’s firm got nothing: the government judged it had made a bad bet.

Wood’s company argued, however, that it had a human right to compensation for its bad investment, and took the government to the high court and then to the European court of human rights. In 2012, the latter rejected the laughable claim brought by SRM Global and other investors, calling it “manifestly ill-founded and therefore inadmissible”.

The court said the government was quite right to take over the bank but not to compensate the big investors. There was “no duty owed by the State to the shareholders to protect their investments in Northern Rock”. That Johnson’s biggest backer is a man with experience of “manifestly ill-founded claims” is perhaps, er, no surprise.

The edition for the 26th July – 8th August carried another such story on page 7, ‘Fine By Them’, reporting how Johnson was being funded by a private equity boss, who had been an officer in the Vote Leave campaign. The article ran

Why should breaching electoral law stand in the way of becoming key backer to the favourite in the prime ministerial race?

Boris Johnson certainly saw no problem as he accepted £100,000 for his leadership bid, declared last week, from private equity boss Jon Moynihan. The hard Brexit-favouring businessman also happens to have been finance director of the official Vote Leave 2016 referendum campaign. That’s the same Vote Leave that was fined £61,000 by the Electoral Commission for breaching campaign spending limits by channelling large sums to young Darren Grimes’ BeLeave youth group (Eyes passim).

The 25-year-old “BeLeaver”, meanwhile, was jubilant last week after he successfully challenged his £20,000 fine from the commission, incurred for acting as a funnel for the over-spend. The judge, who upheld Grimes’ appeal said that even if the wee scamp had committed an offence, it wouldn’t have justified fining him £20,000, the maximum allowed.

While Darren basks in congratulations from Vote Leave pals, less attention has been paid to the main Vote Leave appeal against its £61,0000 fine. This appeal has been quietly dropped, with Vote Leave admitting defeat and covering the Electoral Commission’s legal costs, footing a £200,000 bill.

The Electoral Commission itself now looks embattled on all sides, with both Leavers and Remainers furious over its handling of the 2016 referendum, and with all major parties irate at past fines for election spending irregularities. Defenders of the agency argue that if it’s annoying everyone, it must be doing something right.

Our boorish, anti-democratic joke of a prime minister is being funded by financial speculators, who are determined to have Brexit, and have not been above breaking the law to make sure they get it. And they stand to make millions from the misery it will cause if their puppet, Johnson, does manage to deliver it.

Get them out of politics – get him out of No. 10!

Establishment Media Bias and the Cheltenham Literary Festival

Someone really ought to do a study of the way the big literary festivals – Haye-on-Wye, Cheltenham and the others – select the books and media celebs they want to push and the way they try to manipulate public opinion towards the establishment consensus. Because, believe me, it is there.

In a couple of weeks’ time, right at the beginning of October, it’ll be the Cheltenham Literary Festival. As it’s booklet of coming events tells you, it’s been proudly going for 70 years. I think it was set up, or given a great deal of assistance when it was set up, by Alan Hancock, who owned a secondhand bookshop on Cheltenham’s Promenade. It was a fascinating place, where you could acquire some really fascinating, valuable academic books cheaply. But it had the same internal layout as the fictional setting of the 1990’s Channel 4 comedy, Black Books, but without Dylan Moran, Bill Bailey or Tamsin Grieg.

The festival’s overall literary stance is, very roughly, broadsheet papers + BBC, especially Radio 4. It pretty much shows what’s captured the attention of the newspaper literary pages and the BBC news team, several of whom naturally have books coming out, and who are appearing. In past years I’ve seen John Simpson, Simon Hoggart, Quentin Letts, Giles Brandreth and John Humphreys talk or appear on panels. This year they’ve got, amongst others, Emily Maitlis and Humphrey’s again.

Much of the Festival’s content is innocuous enough, even praiseworthy from a left-wing perspective. For example, there are a number of authors talking about their books about empowering women and ethnic minorities. These include Yomi Adegoke and Elizabeth Uviebinene talking about their book, Slay in Your Lane: The Black Girl Bible, which is what it says: a guide for Black girls. Other topics and books discussed are on how empowered Black men are, and various feminist works about how gynaecological problems should be discussed openly, and the changing nature of the female muse. Rather than being passive creatures, modern muses are active, liberated women conquering business, sports, the arts and science. There’s also a piece on the future of masculinity, titled ‘Will Boys Still Be Boys’, which asks what will happen to boys now that the idea that there is a natural realm of masculinity, such as superiority and aggression, has been disproved. The concern with ethnic minority authors has always been there, or at least since the 1990s. Then, and in the early part of this century, a frequent theme of the Festival was ‘crossing continents’, which gave a platform to prominent literary authors from outside Europe and the West. It also gave space to Black and Asian literature from the UK. I can remember too, how one of the events staged at the Festival was a celebration of Black British poetry, much of it in Caribbean Patois.

The Festival also caters for more popular tastes. In the past it had speaking the Fantasy author, Terry Pratchett, along with the approved, heavyweight literary types. It has events for children’s books, and this year features such media celebrities as Francis Rossi from Status Quo and Paul Merton. So, something for everyone, or so it seems.

But nevertheless, the Establishment bias is there, especially as so many of the speakers, like Maitlis and Humphreys, are drawn from the mainstream media. Back in the 1990s the Festival was sponsored by the Independent. Now it’s sponsored by the Times, the Murdoch rag whose sister paper, the Sunset Times, has spent so much time smearing Corbyn and his supporters as Communist infiltrators or vicious anti-Semites. Maitlis and Humphreys are BBC news team, and so, almost by definition, they’re Conservative propagandists. Especially as Humphreys is retiring, and has given interviews and written pieces for the Heil. Any chance of hearing something from the Cheltenham Festival about the current political situation that doesn’t conform to what the Establishment wants you to hear, or is prepared to tolerate? Answers on a postcard, please. Here’s a couple of examples. One of the topics under discussion is ‘Populism’. I don’t know what they’re planning to include in it, but from previous discussions of this in the media, I’m prepared to bet that they’ll talk about Trump, possibly Boris Johnson, the rise of extreme right-wing movements in Europe and elsewhere in the world, like Marine Le Pen former Front National in France, the AfD in Germany, Orban and so on in Hungary, Bolsonaro in Brazil and the Five Star Movement in Italy. All of whom are definitely populists. But they’ll also probably include Corbyn and Momentum, because Corbyn is genuinely left-wing, challenges the Thatcherite neoliberal consensus and will empower the masses. All of which threatens the Establishment. There are also individual politicians speaking this year, but the only one I found from the Left was Jess Philips. Who isn’t remotely left-wing in the traditional sense, though she is an outspoken feminist.

The other topic is about what should be done with Putin. Now let’s not delude ourselves, Putin is a corrupt thug, and under him Russia has become once again a very autocratic state. Political and religious dissidents, including journalists, are being attacked, jailed and in some cases murdered. Among the religious groups he’s decided are a threat to Mother Russia are the Jehovah’s Witnesses. I’m not a member of the denomination, and find their doorstep campaigning as irritating as everyone else. But they are certainly not a dangerous cult or terrorist organisation. And they have stood up to tyrants. They were persecuted by the Nazis during the Third Reich, with their members imprisoned in the concentration camps, including a 17 year old boy, because they wouldn’t accept Hitler as a secular messiah. For which I respect for them. The Arkhiplut has enriched himself, and rewarded his cronies with company directorships, while assassinating the oligarchs, who haven’t toed his line. And I still remember the genocidal butchery he unleashed in Chechnya nearly two decades ago, because they had the temerity to break away.

But geopolitically, I don’t regard Putin as a military threat. In terms of foreign policy it seems that Putin is interested solely in preserving the safety of his country from western encirclement. Hence the invasion of the Ukraine to protect the Russian minority there. If he really wanted to conquer the country, rather than the Donbass, his tanks would be in Kiev by now. I’ve blogged before about how Gorbachev was promised by the West that in return for allowing the former eastern European satellites to break away from the USSR, they would remain neutral and not become members of NATO. That’s been violated. They’ve all become members, and there are NATO military bases now on Russia’s doorstep. The Maidan Revolution of 2012 which overthrew the previous, pro-Russian president of Ukraine was stage managed by the American state department and the National Endowment for Democracy under Hillary Clinton and Victoria Nuland. There’s evidence that the antagonism against Putin’s regime comes from western multinationals, who feel aggrieved at not being able to seize Russian companies as promised by Putin’s predecessor, the corrupt, drunken buffoon Boris Yeltsin. Putin also seems to be quite genuine in his belief in a multipolar world, in which his country, as well as others like China, are also superpowers. But the Americans are interested only in maintaining their position as the world’s only superpower through ‘full spectrum dominance’: that is, absolute military superiority. The US’ military budget supersedes both the Russian and that of the four other major global countries combined. Arguably, Russia ain’t the global threat. America and NATO are.

Festivals like that of Cheltenham are important. They’re business arrangements, of course. They exist to sell books. But they also encourage literacy, and allow the public to come face to face with the people, who inform and entertain them through the written word. Although here the books’ pages of Private Eye complained years ago that the Festival and others like it gave more space to celebrities from television, sport, music and other areas, rather than people, whose primary living was from writing. But the information we are given is shaped by the media – by the papers and broadcasters, who give the public the news, and the publishers, who decide which books on which subjects to publish. And then there’s the bias of the individual festivals themselves. And in the case of Cheltenham, it is very establishment. It’s liberal in terms of feminism and multiculturalism, but other conservative, and increasing Conservative, in others. It’s through events like Cheltenham that the media tries to create and support the establishment consensus.

But that consensus is rightly breaking down, as increasingly more people become aware that it is only creating mass poverty. The Establishment’s refusal to tolerate other, competing opinions – their demonisation of Corbyn and his supporters as Communists, Trotskyites and Nazis, for example – is leading to further alienation and disaffection. Working people don’t find their voices and concerns reflected in the media. Which is why they’re turning to the online alternatives. But Festivals like Cheltenham carry on promoting the same establishment agenda, with the odd voice from the opposition, just like the Beeb’s Question Time. And this is going to change any time soon, not with lyingt rags like the Times sponsoring it.

WRDS-SSRN Innovation Award

Published by Anonymous (not verified) on Tue, 17/09/2019 - 3:44am in

Tags 

Business

WRDS-SSRN Innovation Award for North America Region presented to St. John’s University’s, Peter J. Tobin College of Business

Wharton Research Data Services (WRDS), Elsevier and SSRN are pleased to announce St. John’s University’s, Peter J. Tobin College of Business as the winner of the 2019 WRDS-SSRN Innovation Award for the North America region.

The WRDS-SSRN Innovation Award series, launched in 2017, honors emerging business schools that advance impact-focused research. Each year, three winners from across North America, Europe and Asia Pacific are selected based on their demonstrated innovation and research excellence. Winners receive a monetary prize and promotion.

In 2017, WRDS, the leading business intelligence, data analytics, and research platform for corporate, academic and government institutions worldwide, announced a unique collaboration with SSRN, the world-leading preprint server and early-stage research network, and its parent company Elsevier, a global information analytics business specializing in science and health. The collaboration intends to elevate the visibility, impact, and credibility of academic research and the faculty who conduct it, through the award series and the WRDS Research Paper Series on SSRN.

Steven Sheehan, Executive Director of Business Development, Sales and Marketing at WRDS and Gregg Gordon, Managing Director of SSRN presented the award to John Neumann, Associate Dean and Associate Professor of Finance at the Peter J. Tobin College of Business during the AACSB Global Accreditation Conference in San Antonio, Texas, on September 15, 2019.

As part of the Wharton School of the University of Pennsylvania, WRDS enables comprehensive thought leadership, historical analysis, and insight into the latest innovations in research.

“On behalf of WRDS, I am very pleased to congratulate the Peter J. Tobin College of Business at St. John’s University on this award,” said Bob Zarazowski, Managing Director, WRDS. “It is wonderful to be able to recognize their business education program, which has shown a tremendous commitment to advancing academic research.”

Norean R. Sharpe, PhD, Dean of the Peter J. Tobin College of Business, praised the dedication of her finance faculty for Tobin’s increase in scholarship. “Our faculty recruitment and reward efforts over the past several years have focused on attracting and retaining faculty who prioritize research, and we are proud of their productivity. Research is critical for our faculty to effectively deliver a valuable educational experience for our students,” said Dr. Sharpe.

Gregg Gordon, Managing Director of SSRN, added: “It is important to acknowledge the hard work that goes into achieving excellence in research, so we are delighted to present the Peter J. Tobin College of Business with this award. Our collaboration with WRDS is now in its third year, and goes from strength-to-strength.”

About WRDS
Wharton Research Data Services (WRDS) provides the leading business intelligence, data analytics, and research platform to global institutions  ?  enabling comprehensive thought leadership, historical analysis, and insight into the latest innovations in academic research.

WRDS provides researchers with one location to access over 350 terabytes of data across multiple disciplines including Accounting, Banking, Economics, ESG, Finance, Healthcare, Insurance, Marketing, and Statistics. Flexible data delivery options include a powerful web query method that reduces research time, the WRDS Cloud for executing research and strategy development, and the WRDS client server using PCSAS, Matlab, R and more. Our rigorous data review and validation give users the confidence to tailor research and create a wide range of reliable data models. Powerful Analytics by WRDS – a suite of cutting-edge analytical tools developed by our doctoral-level team enables powerful insight into research and Classroom by WRDS provides a teaching and learning toolkit designed to introduce business concepts in the classroom.

The leading data research platform for 50,000+ commercial, academic, and government users in 35+ countries, WRDS is the global gold standard in data management, innovative tools, analytics, and research services ? all backed by the credibility and leadership of the Wharton School.

About The Wharton School
Founded in 1881 as the world’s first collegiate business school, the Wharton School of the University of Pennsylvania is shaping the future of business by incubating ideas, driving insights, and creating leaders who change the world. With a faculty of more than 235 renowned professors, Wharton has 5,000 undergraduateMBAexecutive MBA, and doctoral students. Each year 18,000 professionals from around the world advance their careers through Wharton Executive Education’s individual, company-customized, and online programs. More than 98,000 Wharton alumni form a powerful global network of leaders who transform business every day. For more information, visit www.wharton.upenn.edu

About SSRN
SSRN is a worldwide collaborative of over 330,600 authors and more than 2.2 million users that is devoted to the rapid worldwide dissemination of research. Founded in 1994, it is now composed of a number of specialized research networks. Each of SSRN’s networks encourages the early distribution of research results by reviewing and distributing submitted abstracts and full text papers from scholars around the world. SSRN encourages readers to communicate directly with other subscribers and authors concerning their own and other’s research. Through email abstract eJournals SSRN currently reaches over 400,000 people in approximately 140 different countries.

About Elsevier

Elsevier is a global information analytics business that helps scientists and clinicians to find new answers, reshape human knowledge, and tackle the most urgent human crises. For 140 years, we have partnered with the research world to curate and verify scientific knowledge. Today, we’re committed to bringing that rigor to a new generation of platforms. Elsevier provides digital solutions and tools in the areas of strategic research management, R&D performance, clinical decision support, and professional education; including ScienceDirect, Scopus, SciVal, ClinicalKey and Sherpath. Elsevier publishes over 2,500 digitized journals, including The Lancet and Cell, 39,000 e-book titles and many iconic reference works, including Gray’s Anatomy. Elsevier is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. www.elsevier.com

Media Contacts

Robin Nussbaum Gold
Wharton Research Data Services
wrds@wharton.upenn.edu

David Tucker, Global Communications
Elsevier
+44 (0)7920 536 160
d.tucker@elsevier.com

Share

BUPA Meets Healthier Version Of Itself That Runs Decent Nursing Homes

Published by Anonymous (not verified) on Fri, 13/09/2019 - 8:11am in

Nursing home

Health care provider BUPA has bumped into a healthier version of itself on the street that manages a fully staffed nursing home that treats its patients with dignity.

“At first I thought ‘you’re not me, where are the maggots?’, but it managed to convince me it was the healthier version of myself,” said the company after the highly emotional meeting on the footpath outside the Royal Commission into Aged Care. “It was like looking into a mirror except the older citizens in my care were happier and mostly free of bed sores and some of them weren’t even sitting in their own filth.”

The company was visibly shaken by the encounter and has vowed to eat better, exercise more and maybe even occasionally send someone around to patrol a ward.

‘I’m going to do my best from now on to try and be more like the healthier me,” said the currently slobby and overweight company. “But you know how hard it is to stick to a diet. Don’t be surprised if you see me in two weeks time and I’m back to encouraging overworked staffers to wash customers with a swirlon.”

Peter Green
http://www.twitter.com/Greeny_Peter

You can follow The (un)Australian on twitter or like us on facebook.

The IMF is hurting countries it claims to help | Mark Weisbrot

Published by Anonymous (not verified) on Wed, 28/08/2019 - 12:02am in

The fund’s loan agreement with Ecuador will worsen unemployment and poverty

When people think of the damage that wealthy countries – typically led by the US and its allies – cause to people in the rest of the world, they probably think of warfare. Hundreds of thousands of Iraqis died from the 2003 invasion, and then many more as the region became inflamed.

Related: Brexit: EU ‘would block trade deal if Britain reneged on bill’

Related: White House insists Trump not having second thoughts on China trade war

Mark Weisbrot is the co-director of the Center for Economic and Policy Research in Washington and the president of Just Foreign Policy. He is also the author of Failed: What the ‘Experts’ Got Wrong About the Global Economy

Continue reading...

DIY: Cleveland Comes Back

Published by Anonymous (not verified) on Thu, 22/08/2019 - 9:43pm in

Cleveland is often put on display as the poster child of crumbling, post-industrial Rust Belt America. It is hardly where you’d expect to find a good news story about the economy. But in the city where John D. Rockefeller once started his oil business, an exciting local solution is changing that in the unexpected form of laundry, lettuce and a hippy-dippy business model so strong it could win over even the staunchest of Rockefeller’s capitalist companions.

The economic disadvantages that older industrial cities in the American Midwest face are nothing new. Cleveland, Ohio is no exception. 

In 1970 Cleveland’s population was 750,000. Today, it’s almost half of that at 383,000. The average household income in the United States is about $58,000, but in Cleveland, according to the 2017 U.S. census estimates, it is $28,000. Today, in the city where the steel that built America was once produced, about 35 percent of Clevelanders live under the poverty line. That includes nearly half of the city’s children 18 and younger—an estimated 48.7 percent.

There is nothing simple about the economic, cultural, or historical reasons these numbers exist. Many cities across America are searching for the same thing Cleveland is: solutions that bring the haves and have-nots of post-industrial America closer together. Economic growth strategies in collapsing communities often end up taking an approach that brings in quick bucks by drawing big businesses to the region from elsewhere, and then hoping for trickle-down growth from the new dollars. This often serves to only further enfeeble local economies.

Enter, the Evergreen Cooperative.

The wall of eds and meds

Despite its decline, Cleveland has had a few constant growth areas that have buoyed the local economy in positive ways over the years. The biggest, by far, is health care. But the problem until recently was that most of the money spent in the health care sector was not going to Clevelanders. 

It looked like this:

In a neighborhood known as University Circle, Cleveland stalwarts in the area (namely the Cleveland Clinic, University Hospitals, Case Western Reserve University and many of the well-known museums) hold much economic power. It is where the wealthy come to work and socialize. 

But directly outside the figurative gates of University Circle, the reality of the city’s problems lie waiting. 

In 2005, University Hospitals Chief Administrative Officer Steve Standley put it succinctly: “Like a lot of major urban college hospital campuses, we’re sitting in this one square mile of these beautiful institutions, and then there’s this wall. And then you go into some of the poorest neighborhoods in Cleveland.” 

To put it even more bluntly, Dr. Michele Walsh, division chief of neonatology at Cleveland’s Rainbow Babies & Children’s Hospital, said, “Within the three miles surrounding the University Circle area, infant mortality exceeds some Third World countries. That is an embarrassment and cannot be allowed to continue.”

In total, the “eds and meds” of University Circle were spending about $3 billion annually on goods and services, with very few of those dollars ending up in local hands.

So in 2005, a conglomerate of city leaders, private foundation organizations and business executives came up with an idea: make Cleveland’s University Circle area more local in its business dealings to keep those profits from going elsewhere. When the hospitals serve food, get it from local food purveyors. Set up research facilities that can grow companies that originate from local inventions. Clean the sheets at local laundries. Pretty basic thinking.

The Evergreen Cooperative got commitments from local health care institutions to have their laundry cleaned locally. Credit: Evergreen Cooperative

And so the Evergreen Cooperative was born: a cooperative, employee-owned business that aims to keep jobs at home and that lets those working in the business have a stake in the profits. 

They started with laundry. The first step was to get commitment from the hospitals to have their laundry cleaned by the people living beyond this “wall” of separation that Dr. Standley spoke of. 

Then, Evergreen leaders used private foundation funding and some city grants to get operations started. 

The other challenge was to find a way to have the cooperative completely employee-owned. In other words, to set up the company to not be a hand out, but rather a helping hand to get into the profitable world of private business. 

“What we have found is that the economic solutions in many cities like Cleveland are not to rely on federal dollars or elected officials in the state capital to solve things for you,” says John McMicken, the CEO of Evergreen Cooperative which today employs 150 Clevelanders, many of whom were previously living in poverty or have served time in prison. “The answer has always been to get the big players locally to realize they have a big influence on the city and hold their feet to the fire.”

“If we think collaboratively instead of individually on some economic issues, we can gain better results from working together,” he said.

Evergreen employee owners have a stake in the business. When the company earns more, so do they. Credit: Evergreen Cooperative

Today, the Evergreen Cooperative laundry business does about 50,000 pounds of washing per day day from health care institutions. Of the 150 employees, about 90 have qualified as “worker-owners,” which gives them many benefits not found in other jobs. One of those benefits is an annual bonus based on the yearly profits on the business; this year that bonus will be $12,000 on top of the $15-an-hour pay structure.

Thus, an average laundry worker at Evergreen can make about $40,000 a year and even have access to a program for discounted home ownership.

Scaling up

Since 2012, Evergreen has also developed a lettuce-and-greens branch of their operations, which has shown similar business growth. It even produces basil for a locally made Nestle pesto which is sold internationally to restaurant chefs and food services businesses. 

As a plus, the decline in Cleveland’s population meant that the city had many acres of abandoned property. Using some of that land for Evergreen agriculture meant few property acquisition start-up costs.

McMicken, who was president of Inventus Technologies before joining Evergreen, says that Evergreen’s future growth will involve contributions from “social investor lenders” who are interested in both creating jobs and helping rebuild cities in need of help.

Evergreen Cooperative has currently lined up $13 million from such investment firms, and is about to close deals on a few old industrial businesses in Cleveland that are in danger of closing because of owner retirement. 

Inside Evergreen’s greens facility. Credit: Evergreen Cooperative

“This doesn’t fit all business models and business needs, but we are proving this is a viable option that helps to use wealth generation to help the entire community instead of a few individuals,” says McMicken.

When it comes to applying Evergreen’s model elsewhere, co-ops have traditionally ebbed and flowed in popularity, based mostly on the economics of the time, especially in cities whose leadership is embedded with the state and federal entitlement programs. Certain forces also work hard to keep any public influence out of all-free-market capitalism. Most co-ops in the country are still the brown-rice-and-other-health-food purveyors that come to mind when we think of co-ops today.

But the new era of more sophisticated co-ops is taking root. Two cities are partnering with Cleveland’s Evergreen to use their expertise. Chicago’s ten largest hospital systems are looking to increase purchasing relevant supplies and services from local suppliers, for example, and Evergreen Cooperative is consulting with the group on how to do that.

New Haven, Connecticut, home to Yale University, is purchasing an old building in the inner city to house a laundry service for the five hospitals in the Yale New Haven Health system, the third-largest employer in the state.

Evergreen greenhouses. Credit: Evergreen Cooperative

“When we were working to see what investments we could make in our community to help facilitate individual wealth creation—and not just manage poverty—we saw how Evergreen was working with the Cleveland Clinic to not only provide good jobs but also build up the neighborhood nearby,” says New Haven Mayor Toni Harp. 

New Haven found the 70,000-square-foot two-story building, built in 1960, in the high poverty Newhallville neighborhood to house the proposed laundry service. Most of the $900,000 to purchase the building came from federal and local community grants.

“Most times, we are better at defining for ourselves what we need,” Mayor Harp says. “We need the resources we send to the state and federal levels to come back in various ways, but we have a good idea of what works for us and it is best we take the lead on issues like this.”

McMicken has a similar view. The co-op business must be local in location, local in terms of hiring, and independent in function to succeed, he says. “We learned early on that if we were going to base any aspect of this business on federal or state assistance, we were in trouble,” he says.

“In the end, in order to achieve our mission, we have to be profitable, because you can’t share money with your workers unless you make money. That isn’t anything new. Every business has to figure this out, or they go out of business. We are no different.”

The post DIY: Cleveland Comes Back appeared first on Reasons to be Cheerful.

Coles Announces New Set Of Anti-Terror Minis

Published by Anonymous (not verified) on Mon, 19/08/2019 - 1:00pm in

Tags 

Business

coles

Cole’s supermarkets have announced that it would be adding a new selection to its already popular plastic crap minis range.

Coles Spokesperson Richard Slicker told the (un)Australian: “Off the back of the recent attack in Sydney, people have been clamouring to protect their homes with milk crates.”

“To reflect this new found respect for the humble crate. Coles are proud to announce a new range of collectible minis. The Anti-terror collection, which will include a mini milk crate, cafe chair and shopping trolley”

It’s also believed that the milk crate mini’s will come in a range of colours including gun metal grey, racist black, true blue and the most collectible of all the “urine gold” crate.

The new anti-terror plastic crap mini collectibles will be available at all Cole’s supermarkets from Friday.

Gus W Templeton

You can follow The (un)Australian on twitter or like us on facebook.

Johnson’s Fascistic Denunciation of ‘Collaborators’ with the EU

Yesterday Mike put up a piece commenting on Johnson’s Fascistic rhetoric describing those opposing a no-deal Brexit in parliament. Simply put, he described them as collaborators with the EU. The Blonde Beast said

There’s a terrible kind of collaboration as it were going on between people who think they can block Brexit in Parliament and our European friends, and our European friends are not moving.

We need our European friends to compromise and the more they think that there’s a chance that Brexit can be blocked in Parliament, the more adamant they are in sticking to their position.

As Mike points out, Johnson is falsely claiming that the ordinary people, who don’t want a no-deal Brexit, have teamed up with the EU. It also identifies his enemies as a unified cause, which is also one of classic features of Fascism. Following the infamous forgery, the Protocols of the Elders of Zion, Hitler viewed everything that he considered damaging to Germany to be part of a massive Jewish conspiracy. Financial capitalism, socialism, Communism and democracy were all parts of this conspiracy to undermine Germany and destroy and enslave the White, ‘Aryan’ race. As were decadent modern art, music, literature and unAryan scientific theories, like Einstein’s Theory of Relativity, because Einstein was Jewish.

See: https://voxpoliticalonline.com/2019/08/14/terrible-collaboration-speech-johnson-flashes-his-fascist-credentials/

Johnson hasn’t gone quite that far yet, and Mike points out that he isn’t a Fascist. But he is showing many of the warning signs. So much so that one tweeter put out a picture of BoJob with the caption ‘This man is the biggest threat to Britain since Adolf Hitler’. It’s an exaggeration, but a forgivable one, considering that BoJob’s Brexit is already wrecking British economy and industry, and that he and his backers in the Murdoch press are looking forward to a trade deal with Trump’s America which would see our agriculture and industry bought up by the Americans, including the Health Service, the welfare state dismantled, workers’ rights removed completely, along with our environmental protection laws. All so that BoJob and the elite rich can enjoy absolute unfettered capitalism and massive profits for their own businesses.

And I’m not surprised that Johnson is sounding like a Fascist. He’s a massive egotist, like Donald Trump, and both men are extremely authoritarian. Trump talked about having newspapers and press people, who criticised him shut down. Johnson, when he was mayor of London, spent millions of taxpayers’ money on three watercannon that were illegal in mainland Britain. And BoJob’s the leader of a highly authoritarian party. Under Thatcher the Tories had links with very unpleasant South American Fascist regimes, like Chile’s General Franco. The Libertarians in the party, including Paul Staines, used to invite to their annual dinner the leader of one of the Fascist death squads in El Salvador. The Freedom Association also wanted the suppression of trade unions, workers’ rights and the welfare state and NHS, and unfettered capitalism. It was very much freedom for the rich, and wage slavery for the poor.

And he’s supported by a fanatically authoritarian press. Remember how the Tory papers demonised the judges and lawyers, who had ruled against one of Tweezer’s Brexit plans as the enemies of the people. It was the classic rhetoric of authoritarian, Fascist regimes.

And you can bet that as opposition to Boris mounts, he and his backers in the media are going to become even more splenetic and Fascistic in their denunciations. They’re already demanding anti-democratic measures to get what they want. This is the suspension of parliament, as advocated by the Torygraph, so that BoJob can force through Brexit without opposition from MPs. Who are our elected representatives.

BoJob is a menace to British prosperity, British industry, British working people and British democracy. Get him out!

 

Police Treat Margaret Fulton’s Death As Suspicious As The Competition To Be A Masterchef Judge Heats Up

Published by Anonymous (not verified) on Thu, 25/07/2019 - 8:30am in

Tags 

Business, Food

Margaret Fulton

Police have confirmed that they are treating the death of 94 year old culinary icon Margaret Fulton as suspicious. They believe that Fulton may have been targeted by a fellow chef as she was seen as a potential front runner in the race to be named one of the next Masterchef judges.

“At this stage we have not ruled out foul or even fowl play in the death of Margaret Fulton,” said Detective Inspector Allan Carte. “We do have a number of suspects in the case however we have ruled out George Calombaris as he does have an alibi and hitmen generally don’t work without being paid penalty rates.”

When asked if there was a prime suspect in the case the Detective Inspector said: “At this stage we are investigating a number of leads the most notable one being that a broken bottle of Verjuice was found beside the body of Margaret Fulton.”

The family has not yet released details of a planned memorial service however it is believed that Margaret Fulton will be cremated at 425 degrees for twenty minutes then sat on a bench for ten minutes before being served.

Mark Williamson
www.twitter.com/MWChatShow

You can follow The (un)Australian on twitter or like us on facebook.

Labour to Help Working Poor in First Term

On a more optimist note, yesterday’s I also carried a report on page 8 by Harriet Line, ‘Labour ‘would end in-work poverty by end of first term’. This ran

Labour will eliminate the “modern-day scourge” of in-work poverty by the end of the party’s first full term back  in office, John McDonnell is to promise. 

The shadow Chancellor will pledge to make structural changes to the economy, ensure public services are free at the point of use and provide a strong social safety net to tackle the issue if his party enters government.

Mr McDonnell is to set out his party’s plans in a speech at the launch of the Resolution Foundation’s Living Standards Audit this morning.

He will say:”Behind the concept of social mobility is the belief that poverty is OK as long as some people are given the opportunity to climb out of it, leaving the others behind.

“I reject that completely, and want to see a society with higher living standards for everyone as well as one in which nobody lacks the means to survive or has to choose between life’s essentials.”

“Without any one of these three elements, we will not be able to achieve the sustained eradication of poverty, the dramatic narrowing of inequality, and the transformation of people’s lives that will be the central purpose of the next Labour government.

“The Joseph Rowntree Foundation (JRF) said last year that ‘in-work poverty is the problem of our times’.

“I am committing today to ending this modern-day scourge, to eliminating in-work poverty by the end of Labour’s first full parliamentary term.”

The JRF executive director, Claire Ainsley, commended Labour’s “significant ambition” as being “the right thing to do”.

She added: “Delivering this commitment should be the No 1 focus for political leaders after Brexit.”

Now expect this to be attacked by the Tories, Lib Dems and Blairites. And I don’t doubt that they’re playing up about anti-Semitism in the Labour party again to try to drown out this message. It’s the precise thing they, and their masters in business, really don’t want people to hear.

All of these groups are Thatcherites to the core, and Thatcherism accepted the Neoliberal doctrine, derived from 19th century laissez-faire economics, that wages should be as low as possible. She also believed in making life harder for the unemployed in order to force them to take care of themselves, and this has been extended to other groups, like the working poor. Their poverty and poor conditions are supposed to be justified by lowering labour expenses in business, thus allowing them to become more profitable and enriching managers, proprietors and shareholders. And the constant refrain of Tories in response to complaints about low wages is that if you don’t like it, you can get another, better job elsewhere. Because the free market will supposedly also act to make employers try to remain competitive by offering the best terms and conditions to their workers. Even when the same market forces are expected to act against that very thing.

It’s Labour’s determination under Corbyn to end in-work poverty, to empower workers, giving them proper wages and restoring the welfare state after its decimation by forty years of Thatcherism, that the Tories, Lib Dems and Blairites find so threatening. And Margaret Hodge let this hidden agenda behind her faction’s attack on Corbyn and his supporters out the bag a few weeks ago.

She condemned Corbyn and his supporters for offering the working class ‘bribes’, like the above, which they could never fulfill.

Which shows that Hodge and her fellows are simply died in the wool Thatcherite entryists, who have no place in a genuinely socialist, Labour party.

As for the ability of Labour to bring this about, it reminds me of a story about a young American farm boy and the Progressive Party back in the 1920 and ’30s. The Progressive Party aimed at improving conditions in rural America, where there was and is much massive poverty. Among their policies, the Party promised to build roads to every farm. The story goes that a group out in the American countryside was discussing this. They turned to a local farm boy, whom they knew was a supporter of the Progressives, and asked him if he really believed the Progressives could actually do it. The lad replied, ‘If my dog can tree it, I’ll have it’.

And Labour can end in-work poverty, despite the threats and screams from the right. 

Pages