Austerity hits European consumer confidence

first_img Share CONSUMER confidence across the European Union (EU) fell in September to -11.8 points from -11.2 in August as concerns over Europe’s economic recovery returned. Across the 16-member euro area, which excludes the countries like the UK that have not joined the single currency, confidence was up fractionally to -11.2 from -11.4 in August. However, following two strong months in which confidence had appeared to be returning, the gauge missed analysts expectations of -10.July had seen a surge in both consumer confidence and economic sentiment across the EU. Since then the picture has become more mixed as global growth has cooled and governments across the EU step up spending cuts to rein in their budget deficits. Wednesday 22 September 2010 7:52 pm KCS-content Show Comments ▼ whatsappcenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: whatsapp Austerity hits European consumer confidence Tags: NULLlast_img read more

Home Depot income beats expectations

first_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp Share Tuesday 22 February 2011 8:52 pmcenter_img whatsapp THE WORLD’S largest home-improvement retailer, Home Depot, has posted sales of $15.1bn (£9.3bn) in its fourth quarter results.Analysts had predicted lower revenues of $14.8bm.The US firm, which operates 2,248 retail stores worldwide, also updated its profit forecasts for this year on the back of the stronger than expected performance.It said it now anticipated a 2.5 per cent increase in sales for this year, with earnings per share increasing approximately 9.5 per cent to $2.20.Home Depot’s net income increased to $587m in the three months to 30 January this year, up from $301m a year earlier. Overall sales last year for the firm hit $68bn, an increase of 2.8 per cent on a year earlier. Earnings per diluted share were $2.01, compared to $1.55 per diluted share a year earlier.The company said it planned to open ten new stores this year and repurchase approximately $2.5bn of outstanding shares.Chairman and chief executive Frank Blake said: “We continued to invest in our business and made solid progress against our key initiatives.“We completed the roll out of our Rapid Deployment Centers, an important part of our distribution network; we saw year-over-year improvement in customer service ratings; and we continued progress on our merchandising transformation. Our actions, coupled with an improving economy, resulted in positive sales growth for the year, the first time since 2006.“Our associates did an outstanding job in 2010. Their hard work and dedication made these accomplishments possible.” Show Comments ▼ Home Depot income beats expectations Tags: NULLlast_img read more

Truworths Limited ( HY2010 Interim Report

first_imgTruworths Limited ( listed on the Zimbabwe Stock Exchange under the Retail sector has released it’s 2010 interim results for the half year.For more information about Truworths Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Truworths Limited ( company page on AfricanFinancials.Document: Truworths Limited (  2010 interim results for the half year.Company ProfileTruworths Limited in Zimbabwe is part of Truworths International; an investment holding company that retails casual-wear clothing, footwear and fashion accessories in branded stores located in the major towns and cities of Zimbabwe. The company sells fashionwear and accessories under different brand names, including Daniel Hechter, Truworths Man, Ginger Mary, Zeta Inwear, Identity and LTD. Truworths brands are also sold through specialist retail outlets such as YDE, Uzzi, Earthaddict, Earthchild and Naartjie. The boutique range of accessories sold by Truworths includes watches, sunglasses, fragrances and gift ideas. Truworths Limited is listed on the Zimbabwe Stock Exchangelast_img read more

2 high-paying dividend stocks on AIM: a risk or a reward?

first_imgSimply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. In January it reported a rise in full-year revenue, but profits fell because of price hikes in British business rates.Its dividend yield is an attractive 6% but I’m not convinced it’s worth the risk. Unfortunately, this is another British retailer at the mercy of high business rates and decreased footfall. Shining brightWith gold prices heading north, it may tempt you to invest in a gold mining company.Highland Gold Mining is an AIM-listed stock with a £766m market cap. It offers a 5% dividend yield, while it’s P/E is 11 and earnings per share are 19p. Enter Your Email Address See all posts by Kirsteen Mackay Kirsteen Mackay | Monday, 3rd February, 2020 | More on: HGM SHOE 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. The AIM financial index is often described as the Wild West of the investing arena. With good reason too. Every year, shareholders can lose thousands of pounds on AIM and some of its constituents go bust. So are there any contenders worth investing in?Two big dividend payers on AIM are Shoe Zone (LSE:SHOE) and Highland Gold Mining (LSE:HGM). Let’s take a closer look at their financial outlook. 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…One step forward, two steps backShoe Zone appears on many British high streets. It’s a warehouse-style store filled with cheap and cheerful shoes for all the family.The Shoe Zone share price is up 12% year-to-date. This could, in part, be thanks to the ‘Boris bounce’, which has boosted many high street retailers after the Conservative election win in December.It employs over 4,000 people in over 500 stores throughout the UK and Ireland. Shoe Zone has a £90m market cap, and its price-to-earnings ratio (P/E) is 16, but its earnings per share have fallen to 11.4p from 19p in 2018.center_img “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares 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. 2 high-paying dividend stocks on AIM: a risk or a reward? It’s worth noting that its dividend cover is less than 1, which is not ideal. This means the dividend could be at risk of a future cut.Prior to December, Highland Gold was selling its gold to commercial banks. Now it’s become a producer on the MOEX Precious Metals Market in Moscow. It’s the first gold producer to do so and it means an additional income stream through this supplementary market.Highland’s total gold production through the first nine months of 2019 increased by 7% compared to the same period in 2018.The share price is up nearly 30% in the past year, but it’s a volatile stock to own. With gold prices as high as they are, I’d be concerned of a pull-back if the gold price goes into decline. I think this is too risky for me.AIM: on target?AIM shares are listed on the London Stock Exchange, just like the FTSE 350 companies. AIM shares are much riskier than FTSE shares because there is usually less liquidity in the market.  This means they can be difficult to sell quickly. Choosing AIM stocks with a dividend is a good strategy in theory, because the dividend yield brings additional returns to your investment, helping to offset any associated risk. As much as I love both gold and shoes, I think we can find safer share purchases, with attractive dividend yields, among the FTSE 350 stocks. I like that both these companies have been established for a while. However, they each have very low dividend cover and a volatile share price history. They’re not for me.  Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. last_img read more

House in Kozukue / Takeshi Hosaka Architects

first_img “COPY” Area:  136 m² Year Completion year of this architecture project CopyHouses•Yokohama, Japan Save this picture!© Koji Fuji / Nacasa and Partners Inc.+ 19Curated by María Francisca González Share Houses ShareFacebookTwitterPinterestWhatsappMailOr Clipboard ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Architects: Takeshi Hosaka Architects Area Area of this architecture project Lead Architects: Photographs ArchDaily City:YokohamaCountry:JapanMore SpecsLess SpecsSave this picture!© Koji Fuji / Nacasa and Partners Inc.Recommended ProductsWindowsKalwall®Facades – Window ReplacementsWoodBlumer LehmannFree Form Structures for Wood ProjectsWindowsLibartVertical Retracting Doors & WindowsWindowsRodecaAluminium WindowsOpenness of space / Necessary space and Surplus spaceThis is a house for a Christian couple and a newborn baby. The client had two wishes for the house: A common room where the family, Christian friends and neighbors can learn the Bible together and the client can practice the organ for Sunday services and outdoor space where both the family and visitors can enjoy natural light and wind while keeping enough privacy.Save this picture!© Koji Fuji / Nacasa and Partners Inc.The house is located a gentle sloping corner lot on top of the small mountain in Shin-Yokohama. The site which had been parking lot is surrounded by two story houses and apartments. The house is placed at a part of the site while the other part is used for 5 rented parking lot and 2 private parking space facing to the 2 side streets. Existing vending machine is kept as it had been.Save this picture!© Koji Fuji / Nacasa and Partners Inc.The house is as closed as possible against surroundings with the wall which has only an entrance door and minimum small windows on the surface to protect itself against the environment: sound of using the vending machine, car light at night, automobile exhaust and the voice of people using the parking lot, etc. The house has enough open feeling continuing from the street and town while it’s closed against surroundings.Save this picture!© Koji Fuji / Nacasa and Partners Inc.The normally necessary living spaces (living room, dining room, kitchen, bedroom, children’s room, etc.,) take only half area in this house. On the other hand, the semi-outdoor courtyard takes the other half area of the house. And the common room is the largest room. I found that a lot of surplus spaces (unnecessary spaces) are needed in this house to create an generosity to accept various visitors and action. While the house is generally personal living place, it is also public and holy place.Save this picture!© Koji Fuji / Nacasa and Partners Inc.Save this picture!SectionSave this picture!© Koji Fuji / Nacasa and Partners Inc.The wooden columns and primary beams which pass over the entire ceiling is painted brown and the secondary beams on them are painted white.11 skylights on the primary beam intersections cast cross-shaped shadows.Save this picture!© Koji Fuji / Nacasa and Partners Inc.When the big windows facing the courtyard is opened, the courtyard gradually connects to the indoor and there is less border between both places. The house turns neither indoor nor outdoor.Save this picture!© Koji Fuji / Nacasa and Partners Inc.Save this picture!PlanSave this picture!© Koji Fuji / Nacasa and Partners Inc.The surplus spaces sometimes turn to be used to eat foods or read books like dining room or study room and the necessary spaces are released from being necessary and turn to surplus spaces. Necessary spaces and surplus spaces replace their roles each other from time to time. I would like to believe such gentle sequential spatiality as what architecture should be.Save this picture!© Koji Fuji / Nacasa and Partners Inc.Project gallerySee allShow lessDayOne Legal & Technology Building / IdealSelected ProjectsUR Shanghai Flagship Store / DOMANISelected Projects Share TH-1 2017 Projects “COPY” Manufacturers: VELUX Commercial, Panasonic, MIHAMA TSUSHO, MORI NO MADO, Maxray Structural Engineers: Photographs:  Koji Fuji / Nacasa and Partners Inc. Manufacturers Brands with products used in this architecture project Japan Year:  Constructor: House in Kozukue / Takeshi Hosaka Architects House in Kozukue / Takeshi Hosaka ArchitectsSave this projectSaveHouse in Kozukue / Takeshi Hosaka Architects Takeshi Hosaka NAWAKENJI-M, Kenji Nawa CopyAbout this officeTakeshi Hosaka ArchitectsOfficeFollowProductsWoodGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesYokohamaJapanPublished on September 24, 2018Cite: “House in Kozukue / Takeshi Hosaka Architects” 23 Sep 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsGlassMitrexSolar GreenhouseMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialCoffee tablesFlexformCoffee Table – GipsyCurtain WallsIsland Exterior FabricatorsPace Gallery Envelope SystemWoodSculptformTimber Battens in Double Bay HouseStonesCosentinoSilestone and Dekton in Villa OmniaBricksNelissenInner Wall Bricks – LückingPanels / Prefabricated AssembliesULMA Architectural SolutionsAir Facade PanelsWoodBlumer LehmannData Processing for Wood ProjectsEducational ApplicationsFastmount®Hidden Panel Fastener at Massey UniversitySealants / ProtectorsTOPCRETMicro-Coating – Baxab®More products »Save想阅读文章的中文版本吗?停车场改造的信徒之家 / Takeshi Hosaka Architects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 streamlast_img read more

Civil Rights to Black Power: The Alabama freedom movement 1965-1966

first_imgIn June 1963, Bernard Lafayette was brutally beaten for his efforts to register black voters and almost died.With the release of “Selma,” tremendous interest has been generated among youth activists about the struggle for voting rights as it reached its apex in March 1965.This campaign for the ballot in Dallas County, Ala., where Selma is located, did not begin when the Rev. Dr. Martin Luther King Jr. and the Southern Christian Leadership Conference intervened in early January 1965. In fact, as the film mentions, Student Nonviolent Coordinating Committee organizers had worked in Selma for at least two years prior to SCLC’s arrival.Prathia Hall, a SNCC field secretary, says in a first-person account in “Hands on the Freedom Plow: Personal Accounts of Women in SNCC,” “In early winter 1963, SNCC field secretary Bernard Lafayette was beaten and jailed in Selma, where he and his wife, Colia, had been working alone. Immediately afterward James Forman, executive secretary of SNCC, came to Southwest Georgia and said, ‘Come on, Prathia, we need you in Selma.’“ (University of Illinois Press, 2010, p. 470)Hall explains, “The members of the Dallas County Voters’ League had been working there for ages; they were part of that longtime movement struggle. They had done some voting rights work, and small numbers of schoolteachers and other middle-class black people had been registered. League members also had filed some related lawsuits.”When SNCC workers arrived in the early 1960s, they worked with high school students living in the projects. Hall stresses, “The 1965 Selma Movement could never have happened if SNCC hadn’t been there opening up Selma in 1962 and 1963. The later, nationally known movement was the product of more than two years of very careful, very slow work.”Malcolm X’s intervention After Dr. King and SCLC went to Selma in early 1965, Malcolm X, the founder of the Organization of Afro-American Unity (OAAU), spoke in early February at Alabama’s Tuskegee Institute, a historically African-American university 80 miles from Selma. Malcolm had broken with the Nation of Islam nearly a year earlier, pledging to work in an alliance with the Civil Rights Movement, particularly with the youth.Fay Bellamy Powell, a former U.S. Air Force member, was recruited into SNCC in late 1964 and wound up in Dallas County, running the organization’s office and conducting press work. She found out, along with Silas Norman, also of SNCC, the details of Malcolm X’s itinerary at Tuskegee.On Feb. 3, Powell and Norman arrived at the packed campus auditorium, which was standing room only. They got inside and spoke with Malcolm after his lecture, which consisted of an extended question-and-answer period.These SNCC workers invited Malcolm to come to Selma the following day to address a group of youth working in the movement. Malcolm immediately agreed. They arrived at Brown’s Chapel A.M.E. Church on the morning of Feb. 4 and were swarmed by U.S. and European reporters.Powell described this experience in Hall’s book, “Each morning Brown’s Chapel would fill with elementary, junior high and high school students. They were the core of the Selma Movement and took part in all the demonstrations. Usually these morning sessions were lively and noisy. On the day Malcolm spoke, although the church was packed with young people, there was no noise, no shuffling of feet, no coughing, no squirming. Only Malcolm’s voice could be heard.” (p. 474)When Powell and Norman drove Malcolm to the Montgomery Airport, he said the OAAU planned to send organizers into the South and asked if SNCC would work with them. Powell reported, “Silas and I answered Malcolm’s question with an enthusiastic ‘Yes!’ and asked that he return in the not too distant future. Three weeks later, Malcolm was assassinated. That was a dream deferred.”Roots of Black Panther Party in Alabama After the Selma to Montgomery march, Stokely Carmichael, a SNCC field secretary later known as Kwame Ture, became the Lowndes County project director. Working with local students and community activists, they formed the Lowndes County Freedom Organization (LCFO), an independent political party whose symbol was the black panther.Gloria House, then a University of California graduate student, went to work in Alabama as a SNCC field secretary in the summer of 1965. The Aug. 20 murder by racists of white Episcopal seminarian Jonathan Daniels in Hayneville, in Lowndes County, prompted House to return as a full-time Civil Rights worker for SNCC that fall.House wrote in Hall’s book, “In Lowndes we organized the Lowndes County Freedom Organization, which initiated the formation of an independent black political party. Influenced by the defeat of the Mississippi Freedom Democratic Party (MFDP), we chose to create a separate political party instead of seeking admission into the Democratic Party. Jack Minnis, a researcher in SNCC’s Atlanta office, discovered a provision in the Alabama Administrative Code that allowed independent parties to enter county elections if certain stipulations were met.” (p. 509)House noted, “SNCC workers spread the idea of independent black political parties from Lowndes County to other Alabama counties where black people constituted sizable majorities. Later I moved into Selma to help other SNCC organizers establish the freedom party of Dallas County. The fruits of our labor in the Alabama independent parties were not immediately reaped in the 1966 elections, but rather in 1970, when black people in a handful of counties won positions in local government. These officials subsequently organized a statewide coalition of independent parties, determined to win representation for black voters on a state level.” (p. 510)The rise of Black PowerIn this context, Stokely Carmichael contested and won the chairmanship of SNCC in May 1966. On June 5, James Meredith, who had desegregated the University of Mississippi in 1962, set out alone in a “March Against Fear” from Memphis, Tenn., to Jackson, Miss.The following day he was shot and wounded by a white racist in Mississippi. In response, SCLC, the Congress on Racial Equality and SNCC, pledged to continue the march to Jackson, the state capital.During the march through the Delta region of Mississippi, Willie Ricks, now known as Mukasa Dada, mobilized sharecroppers and youth through the slogan “Black Power.” Carmichael used the slogan in a speech on June 16 after being released from a six-hour jail stint for defying the police over erecting tents for the marchers at a local high school in Greenwood:“We have begged the president. We’ve begged the federal government — that’s all we’ve been doing, begging and begging. It’s time we stand up and take over. Every courthouse in Mississippi ought to be burned down tomorrow to get rid of the dirt and the mess. From now on, when they ask you what you want, you know what to tell ‘em. What do you want? The crowd shouted back ‘Black Power!’ Willie Ricks jumped to the stage and lead the chorus of chants saying: ‘We want Black Power!’” (Taylor Branch, “At Canaan’s Edge: America in the King Years 1965-1968,” Simon & Schuster, 2006, p. 486)FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Oscar López Rivera to Puerto Ricans: ‘Refuse to pay the debt!’

first_imgFacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this The following is a letter written by Puerto Rican political prisoner Oscar López Rivera, who has been in a U.S. prison since 1981. It was read by his daughter Clarisa on his birthday, Jan. 6, and published in Spanish on Jan. 11. (Original: the last visit with my beautiful daughter, she said that I was becoming totally bald. But that’s a loss I can endure. She did not mention the wrinkles that have accumulated, the slowness in my hands, the loss of balance in my body that is becoming increasingly worse, the lack of elasticity in my body, the cramps I feel throughout the day and during every season of the year, the gastric reflux, the loss of teeth and even the slowness in my thought processes — the list goes on. At my age, the pack of worries grows constantly heavier, bigger and continues to grow. And I can state without a trace of doubt that the calendar is a SAGRADA JODIENDA (HOLY F-CK).But I can still get up before 4 a.m. and start my day with a good exercise routine, thanking life for all the good things it has given me, especially for all the good people who have become part of my life because they love freedom and justice and want a better and fairer world like I do. And 16 hours later I can lay my old body down to relax, listen to some music and news, and again thank life for all that it has given me.In my pack of worries, there are two very big concerns that have been added: the debt crisis in Puerto Rico and that my granddaughter Karina has to incur a huge debt to gain entry into a dental school. I have to admit that for the last one, I have no way of doing anything to help her. Student debt in this country is more than $3 trillion and growing. It is painful to see my granddaughter Karina adding her name to the list of student debtors. The snares of student debtToday, students from working-class families have fewer and fewer opportunities to enter graduate schools. And with an enormous debt, the opportunities are fewer. And if you’re in the fields of medicine, engineering and other well-paid professions, the chances are even lower. It’s not because students aren’t smart enough or because they aren’t academically prepared, but because of the cost and the system that’s been created to entrap them in the snares of student loan debt.How can a student of a working-class family come up with $68,000 a year for four years just for education? By the time my dear granddaughter graduates from dental school, she may have a debt of almost half a million dollars. So she will begin her career in the red and stay in the red for many years.Who talks about that system? Who denies life to a student who has worked hard to get into a dental school, only because she was not born into a family with money and influence?This is the age of debts. The system runs on debts. But nothing is said to the public about debt entrapment being part of the system. The only time we’ve heard about the debt trap is when a nation can’t afford to pay up. Puerto Ricans know now what the debt trap does to the working class. Puerto Rico has an unpayable debt, and the Governor has informed them that it cannot be paid.Decades of corrupt politicians piling on debt has impoverished Puerto Rico and has forced many young people with good professions to migrate, causing a massive brain drain. In addition, it makes Puerto Rico privatize some of the best public corporations that provide good jobs and help to boost the economy. The unpayable debt was created by the vultures of Wall Street, the neoliberal Washington politicians, and the corrupt politicians in Puerto Rico. They are the ones who should be paying off the debt. I can see my beautiful granddaughter ten years from now, still paying to the creators of the debt, her debt for wanting to be a good dentist. And she is not the only young Puerto Rican going through this same ordeal.Let those who made the deals pay the debtIn order to deal with the debt, I will start with a suggestion about what we must do and can do. My first suggestion is that all we Puerto Ricans get organized and take just one position: Refuse the debt payment and start a debt boycott. To begin with, we can start chanting: “That’s a debt I will not pay, those who borrowed it must pay.” (“Esa deuda no la pago yo, que la pague el que la incurrió.”) Let us call for a boycott and start organizing. The debt crisis is a problem that affects all Puerto Ricans, and each and every one of us must take a stand and refuse to pay for it. In every city and in the Diaspora, every Puerto Rican must say that we cannot pay the debt and therefore we refuse to pay it.Every child, youth and adult, including the elderly, must be part of this massive boycott in Puerto Rico. And every Puerto Rican should ask for compensation for all the pain, exploitation, repression, persecution and destruction we have experienced since 1898, after the United States invaded and occupied and militarized Puerto Rico. We can accept no austerity plan, not even one imposed on us.We are poor, but we are hard workers and have every right to say no to the impositions that Wall Street and Washington will try to put on us. Every Puerto Rican who cares about the future of Puerto Rico and wants a better and fairer world must say NO to the payment of the debt. And every Puerto Rican who aspires to political office must agree to be part of the boycott. And every pro-independence militant must do everything he or she can possibly do to create unity among them in the struggle for independence.On another note, several compañeros and friends have asked me how I feel about having the name of Ana Belén Montes linked with mine in the campaign for my release. For me it would be a great honor. I think that every Puerto Rican who loves justice and freedom should be proud of Ana Belén. What she did was more than heroic. She did what any person would have done who believes in peace, justice and freedom and the right of every nation to govern itself in the best possible way and without intervention or threat from anyone. She did what she did because she knew that the U.S. government intended to destroy the Cuban government and impose a system designed by Washington on the Cuban people with another regime-change. The objectives of the U.S. government were criminal, and if she had not acted as she did, she would have wound up supporting those acts. Let’s all be proud of her, support her and demand her release from prison.This Jan. 6, I cannot be with you physically, but even from within these walls I can help. Let’s make 2016 the year that we Puerto Ricans rise up together in order to put an end to colonialism. We can do it. No matter if the person has been a red PPD, a blue PNP, a green and white PIP or a red Socialist, if we are an authentic Puerto Rican, we love freedom and justice and we want to be treated with respect as human beings, we will unite and stand up together. Enjoy the moment and feel inspired by the beautiful example that Compañero Juan Santiago left for us to emulate. Let’s dare to fight and to win.Hugs and much love to all.In resistance and struggle,Oscar López RiveraLetter read at the activity for his birthday on Jan. 6. Translation: Workers World-Mundo Obrero staff.Notes: Ana Belén Montes is a Puerto Rican woman who worked in the U.S. Defense Intelligence Agency, and is now isolated in a Texas prison for defending the people of Cuba. PPD is the Democratic Popular Party, the current administration which defends the colonial position of Puerto Rico as a “Free Associated State.” PNP is the New Progressive Party, pro statehood. PIP is the Puerto Rican Independence Party. Juan Santiago is a people’s lawyer who defended independence activists and died in June 2012.last_img read more

Build Workers Assemblies, build a workers’ world!

first_imgBurning through communities like a raging fire, COVID-19 takes from us those most vulnerable. Already poisoned by environmental racism, people of color are being consumed by the virus at wildly disproportionate rates. The poorest strata of the working class, now dubbed essential, are not permitted to distance themselves from the danger. And frontline health care workers —without fair wages, benefits and vital equipment — risk their lives in fighting to extinguish this plague.This is the smoldering stage upon which those who struggle for justice find themselves. How can the struggle be won against such overwhelming odds? How will socialists cope with the next unpredictable but inevitable crisis? Only a united working class can withstand this capitalist epidemic.The crisis of legitimacyThe response of capitalist policymakers to COVID-19 is an unmitigated disaster. In contrast to China, Vietnam or Cuba, the U.S. has failed to effectively quarantine the masses, mobilize health care workers, build emergency hospitals or requisition factories for the manufacture of ventilators and personal protective equipment.Other capitalist governments like Italy and England have shown themselves to be similarly ill-equipped to protect their populations. The stumbling block is not a lack of forewarning or a lack of resources. The stumbling block is the profit motive.Wall Street, in its insatiable greed, has hamstrung the U.S. government’s attempts to effectively deal with COVID-19. Quarantining people means that workers can not generate profits. Mobilizing health care workers requires hazard pay and benefits. Constructing medical facilities requires valuable real estate and diverts construction companies away from lucrative development projects already in progress. Finally, the manufacturing of vital equipment is constrained by price gouging as capitalists scramble to profit from a crisis.Wall Street has a death grip on the government; elected officials answer to the financial industry, not the other way around. This capitalist control magnifies the impact of the crisis beyond the health care sector.Unemployment is skyrocketing. In April so far, a third of tenants nationwide were unable to pay their rent. In a capitalist society, the solutions to these problems are as simple as they are infeasible. Any sensible government would freeze mortgage and rent payments and provide a livable income for the duration of the lockdown.This is unthinkable for U.S. policymakers and their capitalist masters. It is unthinkable not because of the cost — the U.S. incinerated $1.5 trillion trying to calm the stock market just a few weeks ago — but because it would undermine the legitimacy of the entire sociopolitical system.If rent payments can simply be “turned off,” if a living income can be distributed with the stroke of a pen — then why has the working class been forced to struggle to make ends meet until now?A common sense response to this crisis would show that all the pain and suffering hitherto endured by the working class has been intentionally inflicted by those in power. The system of inequality is not the result of the unpredictable, uncontrollable nature of the world, but of a conscious choice to deprive the working class of their health, safety and security in exchange for gargantuan profits to be enjoyed by a small few. No government could command the obedience of its residents after being exposed as so callous.Nevertheless, the legitimacy of this government is slipping through its fingers. The U.S. has been unable to stop COVID-19, and soon it will be unable to stop the economic recession. The economy was already teetering on an unstable foundation before the coronavirus.The dual shocks of a collapsing health care system and exploding unemployment lead some economists to predict that the greatest economic recession in our lifetime is imminent.When the next great depression arrives, who will place their faith in Washington, D.C.?The needs of the peopleThe only shelter available to the working class is in unity: The creation of true working-class power is our only countermeasure to disaster capitalism. The working class must be organized into Worker Assemblies — highly structured political bodies that stand in opposition to the capitalist system. What the ruling class fears most is working-class communities banding together to determine their own destiny.Chinese Soviet Republic in Jiangxi, November 1931.From Petrograd, Russia (1917), and Jiangxi, China (1931), to Caracas, Venezuela, and Chapare, Bolivia, today, the assemblies and councils of the working class have been the engines that drive socialist revolutions.Soviet workers council, 1917.Given the obstacles we face, only Workers Assemblies can coordinate an effective response to COVID-19 that leaves no one behind. The only way to provide the health care needs of the people is for our medical resources to be publicly owned and administered — not by capitalist policymakers — but by Workers Assemblies.True democratic governance by the working class would put an end to corporate resource hoarding and ensure frontline workers are properly protected and compensated. Nor would a working-class administration, representing all oppressions, allow for the inequitable treatment currently given to people of color, women, people living with disabilities and LGBTQ2S+ patients.Control of housing must also fall under the sovereignty of the working class. It is not enough to say that no one should be forced from their home because they can not afford rent. Workers Assemblies must be formed to take control of real estate properties and finally end the scourge of homelessness.There are also many businesses outside the medical industry which claim their workers are essential. However, the pay, protection and benefits these workers receive do not match their newly elevated status. The creation of Workers Assemblies will put an end to this as well. If a business deems its workers essential, then Workers Assemblies must take control of that business.Building Workers AssembliesHow can all this be achieved? Building a people’s army requires an army of organizers. The single moral imperative of socialist cadre is to organize those around them. Through deep organizing, socialists must establish connections with workers in every sector. Non-union workers must be unionized, and unionized workers must be radicalized. Tenants, apartment blocks and entire neighborhoods must be brought together to fight landlords, developers, police and border patrol oppression. Socialists must seed ourselves throughout the working class to provide political agitation, education and organization.The working class is in motion. Already people are organizing together to provide aid and support as COVID-19 ransacks communities. Wildcat strikes are on the rise, as is class consciousness. These are the incipient moves of a larger trend toward workers’ power.Socialists must not allow this growing movement to be crushed by inevitable capitalist counterreaction. It is our responsibility to see that workers are organized into Workers Assemblies that have the strength to withstand the oppressive tactics of the ruling class.It is time to build Workers Assemblies. It is time to build a workers’ world.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Democratic club sets meeting

first_img WhatsApp Pinterest Facebook Pinterest Previous articleTEXAS VIEW: Economic development encompasses three major areasNext articleGOOD NEWS: University of Mobile awards Odessans admin RELATED ARTICLESMORE FROM AUTHOR OC employee of the year always learning The Ector County Democratic Club has scheduled a meeting at noon Thursday at St. Barnabas Episcopal Church, Parrish Hall, 4141 N. Tanglewood Lane. Enter through the kitchen door.Lunch will be served at 11:30 a.m. There is no charge for lunch, however, donations are encouraged and gratefully accepted.For information, call President Delores Schuler at 432-362-7204 or Vice President Karen Howard-Winters at 432-212-2664. Facebook WhatsApp Local News Democratic club sets meetingcenter_img Southern Style Potato SaladCreamy Fruit SaladSummer Spaghetti SaladPowered By 10 Sec Mama’s Deviled Eggs NextStay Twitter Democrat logo Home Local News Democratic club sets meeting Twitter By admin – May 2, 2018 2021 SCHOOL HONORS: Permian High School ECISD undergoing ‘equity audit’ last_img read more

New Report Says 2013 GSE Revenue ‘Will Not be Repeated’

first_img The Best Markets For Residential Property Investors 2 days ago Strong fourth-quarter 2013 earnings by Freddie Mac capped a year of unprecedented financial gains for the government-sponsored enterprises (GSEs), but reflect several one-time items, according to a release issued by Fitch Ratings.Fitch comments, “While results of the type posted in 2013 will not be repeated, Fitch Ratings expects increased guarantee fees (g-fees) and improving mortgage credit quality to support continued profitability for the GSEs this year.”The dividends paid by both Fannie and Freddie total $15.4 billion more than total Treasury draws, with no mechanism currently in place to reduce the amount of senior preferred stock outstanding.The release notes the substantial 2013 revenue brought in by the two companies was not likely to be repeated, due to “significant nonrecurring items related to deferred tax allowance (DTA) valuation reversals, private label RMBS lawsuit settlements, increased representation and warranty settlements, and sizeable decreases in loan loss reserves, which were mainly driven by improvements in the housing market and better asset quality.”Fitch believes that net income will shrink in 2014, as mandated reductions in GSE on-balance sheet assets will push spread income downwards.The Treasury is expected to draw more frequently, according to Fitch Ratings, due to the GSE’s capital reserve buffers being reduced.”The buffers dropped from $3.0 billion in 2013 to $2.4 billion in 2014 for each of the GSEs and will eventually be reduced to zero by 2018,” Fitch said.The remaining availability under the Treasury agreement for Fannie Mae is $117.6 billion. Freddie Mac’s availability is slightly higher at $140.5 billion.The release noted that the settlement of legal claims could remain a potential source of earnings in 2014, although lower than earnings from settlements in 2013. Tagged with: Earnings Fannie Mae Fitch Ratings Freddie Mac Earnings Fannie Mae Fitch Ratings Freddie Mac 2014-03-03 Colin Robins New Report Says 2013 GSE Revenue ‘Will Not be Repeated’ The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / New Report Says 2013 GSE Revenue ‘Will Not be Repeated’ Colin Robins is the online editor for He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Demand Propels Home Prices Upward 2 days ago  Print This Post Sign up for DS News Daily Related Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Mortgage Markets Today: Whole Loan Trading Trends Next: January Construction Spending Up .1% from December About Author: Colin Robins Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Headlines, Market Studies, News Demand Propels Home Prices Upward 2 days ago March 3, 2014 730 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more