This formed part of a Tabcorp-run advertising campaign on 13 and 14 December via Instagram Stories. Last month, Tabcorp also posted 5.7% year-on-year drop in revenue for the first quarter of its financial year, due to disruption caused by the novel coronavirus (Covid-19) pandemic. Tags: Tabcorp New South Wales The payment comprised an $18,000 fine and $12,276 in legal fees. Newspaper reports in Australia suggested a number private equity firms had approached Matthew Tripp with the aim of launching a takeover bid. One was said to have tabled a fee of $9.0bn to acquire the entire Tabcorp business, with another considering a $3.0bn bid for Tabcorp’s TAB betting division. The NSW Betting and Racing Act states that it is illegal to publish gambling ads featuring an inducement to participate in gambling or open a betting account. However, Liquor & Gaming NSW also found that details of 900 NSW residents who had closed their Tabcorp accounts had also been provided to Instagram’s parent company Facebook for the advertising campaign. Marketing regulation 30th November 2020 | By Robert Fletcher AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Kennedy also said Tabcorp’s history of compliance should not afford it any special treatment or reduced punishment. The ruling should serve as a general deterrent, as well as a specific deterrent to ensure the operator complies with state regulations moving forward. Tabcorp ordered to pay AU$30,000 over NSW advertising breach The ruling comes after Tabcorp earlier this month rejected reports that it could be subject to a takeover bid, in a proposal involving private equity firms and fronted by betting pioneer Matthew Tripp. Topics: Marketing Marketing regulation Sydney’s Downing Centre Local Court has ordered Tabcorp to pay more than AU$30,000 (£16,606/€18,490/US$22,157) in fines and costs after it was ruled to have breached advertising rules in the Australian state of New South Wales (NSW). Revenue for the three months to 30 September was down across its lotteries and keno and gaming divisions, which a 2.9% rise in wagering and media revenue failed to offset. An investigation by Liquor & Gaming NSW found that on 14 December 2019, a former Tabcorp betting account holder received a gambling advert offering bonus bets from Tabcorp on his Instagram account via Instagram Stories. While Tabcorp said this was down to human error, Magistrate Erin Kennedy said she considered that some of the 900 may have closed their Tabcorp accounts as they had a gambling problem. As such, these people should not have been exposed to the ads, she said. Regions: Australia Email Address Subscribe to the iGaming newsletter
Botswana Telecommunications Corporation Limited (BTCL.bw) listed on the Botswana Stock Exchange under the Technology sector has released it’s 2017 interim results for the half year.For more information about Botswana Telecommunications Corporation Limited (BTCL.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Botswana Telecommunications Corporation Limited (BTCL.bw) company page on AfricanFinancials.Document: Botswana Telecommunications Corporation Limited (BTCL.bw) 2017 interim results for the half year.Company ProfileBotswana Telecommunications Corporation (BTC) was established in 1980 as a body corporate by an Act of Parliament to provide, develop, operate and manage Botswana’s national and international telecommunications services. An amendment of the Telecommunications Act in 1996 repealed the monopoly of BTC and other service providers could operate in the telecommunications arena in Botswana. Through a privatisation process mandated through the Privatisation Policy of 2000, shares were sold in the state telecommunications corporation; leaving the government of Botswana with a 51 percent stake in BTCL. The telecommunications corporation offers fixed and mobile voice telephony, including pre- and postpaid services; as well as broadband, online phonebook, Wi-Fi connectivity, frame relay wide-area networking, toll-free and contact centre services, and residential, business and leased line services. BTC also provides an integrated digital networks service, private automatic branch exchange systems, aperture terminal services, and international private-leased circuits.
Kenya Commercial Bank (KCB.rw) listed on the Rwanda Stock Exchange under the Banking sector has released it’s 2017 abridged results.For more information about Kenya Commercial Bank (KCB.rw) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank (KCB.rw) company page on AfricanFinancials.Document: Kenya Commercial Bank (KCB.rw) 2017 abridged results.Company ProfileKenya Commercial Bank (KCB) Rwanda Limited is a commercial bank offering financial solutions to private individuals and the corporate banking segment in Rwanda. KCB Bank Rwanda is a wholly-owned subsidiary of the KCB Group which is East Africa’s largest commercial bank by asset base. The Bank was established in 2008 after it was licensed by Rwanda’s banking regulator, the National Bank of Rwanda. It has 14 branches located in the main towns and cities of Rwanda as well as an extensive network of KCB Iwacu agents. Kenya Commercial Bank is listed on the Rwanda Stock Exchange
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. Image source: Getty Images See all posts by Rupert Hargreaves 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. Enter Your Email Address Rupert Hargreaves | Sunday, 22nd November, 2020 | More on: IAG Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves 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. Should I buy IAG shares after the recent vaccine news? 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. IAG (LSE: IAG) shares have surged in value over the past few weeks. Positive data from two vaccines under development has led to dramatically improved investor sentiment towards the stock. With a vaccine on the horizon, it seems as if the end of the pandemic may finally be in sight. However, this doesn’t mean the crisis is over. The vaccine news was a positive development, but it could be years before the rollout is complete. And there are other risks facing the business, which are discouraging me from buying IAG shares at current levels. 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…IAG shares: turbulence aheadLike most airlines, IAG has been struggling to keep its head above water this year. The number of people flying on the group’s planes has collapsed. Losses have increased as a result. To try and stem the bleeding, management has slashed jobs. A cash call and increased borrowings have helped stabilise the balance sheet. Nevertheless, despite these efforts, IAG isn’t out of the woods just yet. The company needs customers to fill its planes. But no one can be sure how long it’s going to be before customer numbers return to the levels seen in the year before the pandemic. As such, it’s difficult for me to place a value on IAG shares right now. While I believe the company is one of the strongest in the airline sector, that doesn’t guarantee its success. The big unknown is how long the coronavirus pandemic will continue. Another 12 months of uncertainty may lead to serious problems for the business. Survival of the fittestIf the aviation market does start to recover in 2021, IAG shares may rally substantially from current levels. I say this because, over the past six months, several of the company’s main competitors have collapsed, or come close to collapsing.This puts the owner of British Airways in a strong position. If its competitors are struggling to survive, they’re unlikely to be able to offer the same level of service. That may lead to customers deserting these businesses in favour of IAG. Therefore, while I’m not a buyer of IAG shares right now, I’m going to keep a close eye on a business over the next six months. If the market starts to recover, I reckon the airline group is in the best position to capitalise on the recovery. This could lead to a substantially improved share price performance.On the other hand, if the aviation market continues to struggle, I think IAG could see further turbulence ahead.That’s why I’m not rushing to add to the stock to my portfolio right now. I want to wait and see how things play out over the next six months, before making a final decision on whether or not to buy. In the meantime, there are plenty of other companies that have captured my attention.
Why has the BP share price climbed 40% in a month? Simply click below to discover how you can take advantage of this. Image source: Getty Images Alan Oscroft 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. Alan Oscroft | Tuesday, 24th November, 2020 | More on: BP See all posts by Alan Oscroft “This Stock Could Be Like Buying Amazon in 1997” 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. 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. A 40% gain from BP (LSE: BP) shares in a month? From one of the FTSE 100‘s dullest companies? Nobody seems to think that’s out of the ordinary in 2020. What a weird year we’ve had. Anyway, that’s how far the BP share price has climbed since a low on 30 October.Before I get too excited, it’s perspective time. The BP share price is still down 42% so far this year. That’s close to three times the FTSE 100’s drop of 15%. So how has one of the Footsie’s most respected stocks become a pariah in 2020?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…We can ask the same of Royal Dutch Shell, whose shares are down by almost exactly the same amount. Both companies cut their dividends in 2020, for Shell the first time since the Second World War. And that shook the cobwebs off some of us old-timers.Back in the oil price crash, BP CEO Bob Dudley famously promised he’d keep the dividend going. He also predicted the downturn could last a few years. He was right, the dividend survived, and I almost bought BP shares a number of times. Today, I’m glad I didn’t. But that was just good fortune rather than foresight on my part.BP share price collapseSo what’s hitting the BP share price so hard this time? It’s a combination of factors. The Covid-19 pandemic is the most obvious, and it has badly hit oil demand. It’s not just individuals around the world curtailing their travels. No, so many businesses have had to cut down that industrial demand has slid too.While we’ve been captivated by the immediate pandemic fallout, I suspect some of us have taken our eye off the oil price. In the early days of global lockdowns, the price of a barrel plunged to less than $20. It’s rebounded to around $45 now, but that’s still low compared to long-term levels.So that’s a combination of a pandemic and a new oil price crisis. And if that wasn’t enough to send oil stocks plunging, ever-growing pressure on the use of hydrocarbon fuels has been accelerating. No wonder the BP share price is at its lowest for 25 years.Low-carbon shockIn August, BP revealed its “New Strategy To Deliver Net Zero Ambition.” It aims for a tenfold increase in low-carbon investment by 2030, with a rise of up to eightfold by 2025. It includes a whole list of reductions in its traditional business. I’m sure that would have come as a blow at any time. But I think BP chose wisely to spring it on us at a time of other crises. When things are looking darkest, it can often be the best time to let slip an extra bit of scary news. So what does this all mean for the outlook?I reckon we’re looking at two things here. The new BP and all that low-carbon stuff could be a challenging investment. But it still has the old BP and all the oily stuff to back it up while it happens. We’ll hopefully see a relatively painless transition. And even the reduced forecast dividend for 2021 would still yield 7% on today’s BP share price. I think that apparent good value is partly behind the recent gains. And once again, I’m tempted to buy. Enter Your Email Address 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!
Assistant/Associate Rector Washington, DC Submit a Job Listing Curate (Associate & Priest-in-Charge) Traverse City, MI Posted Jun 26, 2012 Rector Hopkinsville, KY Submit a Press Release Featured Events Priest Associate or Director of Adult Ministries Greenville, SC Rector Collierville, TN Priest-in-Charge Lebanon, OH Course Director Jerusalem, Israel In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Canon for Family Ministry Jackson, MS Youth Minister Lorton, VA Rector Smithfield, NC Missioner for Disaster Resilience Sacramento, CA Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Cathedral Dean Boise, ID Rector Bath, NC Rector (FT or PT) Indian River, MI El Seminario del Suroeste anuncia el lanzamiento de Educación Teológica Para Ministerios Emergentes 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 Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Pittsburgh, PA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Bishop Diocesan Springfield, IL Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Assistant/Associate Priest Scottsdale, AZ Family Ministry Coordinator Baton Rouge, LA Rector Knoxville, TN Rector Belleville, IL Rector Tampa, FL Submit an Event Listing Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group 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 Associate Priest for Pastoral Care New York, NY Director of Administration & Finance Atlanta, GA Rector Albany, NY Curate Diocese of Nebraska Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 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 [Seminary of the Southwest] El Seminario del Suroeste anuncia el lanzamiento de Educación Teológica Para Ministerios Emergentes (ETEEM) programada para comenzar el 17 -19 de Octubre del 2013. ETEEM es un programa de certificación conjunto llevado a cabo en español por el Seminario del Suroeste y el programa del Seminario Luterano en el Suroeste.Diseñado para satisfacer los requerimientos de educación teológica para la ordenación, el programa de certificación trae a los estudiantes al campus en Austin, Texas cuatro veces al año durante tres años en sesiones intensivas de tres días.El Seminario del Suroeste admitirá a los estudiantes Episcopales con ETEEM, coordinará las prácticas de esos estudiantes y ofrecerá los estudios Anglicanos y el curso de política para el programa de estudios. El Programa del Seminario Luterano, habiendo ofrecido educación teológica alternativa por 10 años, provee el curso para el programa impartido por profesores doctorados de la facultad.“La educación teológica para lideres de habla hispana en nuestra Iglesia será enriquecida por la asociación del Seminario del Suroeste con el Programa del Seminario Luterano.Estoy seguro de que esto cumplirá con las necesidades de las personas que no han encontrado programas de grado tradicionales de seminario accesibles por las barreras del lenguaje, estudios cursados o el compromiso del tiempo,” dice el Reverendo Canónigo Anthony Guillen, misionero de los Ministerios Hispanos/Latinos para la Iglesia Episcopal. “Me complace que la Oficina del Ministerio Hispano/Latino estará trabajando con el Seminario del Suroeste y recomiendo altamente ETEEM’.Los solicitantes deben tener el permiso y la carta de apoyo de su obispo para aplicar a ETEEM. El Reverendo Paul Barton, PhD es director de ETEEM y profesor de la historia del Cristianismo Americano y la misionología y director de estudios eclesiásticos hispanos en el Seminario del Suroeste. La información para entrar está disponible poniéndose en contacto con [email protected] Seminario del Suroeste es un seminario Episcopal acreditado en Austin, Texas que ofrece grados de maestría para el ministerio ordenado y para las personas que buscan la educación y la formación para la certificación de consejería, capellanía y cuidado pastoral, la formación espiritual y la religión. El profesorado titular de tiempo completo enseña los cursos teológicos centrales y más de 30 profesionales en el centro de Texas conforman el cuerpo docente adjunto de la facultad. El Seminario del Suroeste tiene 135 estudiantes de todo los EE.UU. inscritos en sus grados. Rector/Priest in Charge (PT) Lisbon, ME An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Featured Jobs & Calls Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Associate Rector for Family Ministries Anchorage, AK Rector Washington, DC Rector and Chaplain Eugene, OR Rector Martinsville, VA Rector Shreveport, LA Associate Rector Columbus, GA Director of Music Morristown, NJ New Berrigan Book With Episcopal Roots Cascade Books Press Release Service Assistant/Associate Rector Morristown, NJ
Habitat 15 / Predock Frane ArchitectsSave this projectSaveHabitat 15 / Predock Frane Architects Habitat 15 / Predock Frane Architects ArchDaily “COPY” “COPY” Save this picture!+ 10 Share Manufacturers Brands with products used in this architecture project CopyApartments•Los Angeles, United States Architects: Predock Frane Architects Area Area of this architecture project Projects United States 2009 Area: 39000 m² Year Completion year of this architecture project Apartments Manufacturers: Duravit, Hager, Lightolier, Milgard, Norton, Otis, Schlage, T.M. Cobb, ENDURA PAINTING, Earth Stone, Halo, Lane-Aire Manufacturing, Republic Door, TY COMMUNICATIONSText description provided by the architects. Program: 15 Townhouse style condominium units; five 2-story units accessed at the street level, ten 3-story units accessed at the third level via stairs and an elevator and a 37 space subterranean parking garage.Save this picture!DESIGN INTENT: Working within the context of a for-profit MUR creates a particular set of parameters; programmatic, physical, and client/cost informed. Our solution is two 4-story buildings placed parallel to the street. Between them is a courtyard, reached via a tunnel through the first building, accommodating shared public space and circulation. The simple cubic shape of the buildings allowed for greater project resources to be deployed to the sectional relations within the units. The separation into two buildings allows half of the unit’s access to light on three sides. The townhouse configuration further allows a maximum number of units to be located on the upper levels with greater access to view and light, while the 5 lower level units have exaggerated ceiling heights and open on all sides to the adjacent outdoor spaces. Light penetration is further enhanced in the upper units via room scaled skylights that channel the sky deep into the units. Save this picture!This vertical overlapping of spaces creates complex light play and enlarges the sense of territory occupied by each unit. Spatial separation is further augmented by orienting the public spaces of the Detroit facing building towards the street while giving the second building ‘visual ownership’ of the upper courtyard, separated from the first by a bamboo screen. The varying size (based on client standards) and location of the exterior enhances the sense of separation by avoiding overlapping views between units while simultaneously extending views beyond the site. Conversely from the exterior they deny the unitized tendency of MUR’s, giving the entire building a singular identity. The building utilizes double wall construction, vertical heat stack effect cooling via the multi-story volumes, abundant natural lighting, rainwater catchment and redeployment, and environmentally harvested materials.Save this picture!Project gallerySee allShow lessUniversity of Applied Arts Extension Proposal / Wolfgang TschapellerArticles2012 TED Prize Winner: The City 2.0’s Wish has been Revealed!ArticlesProject locationAddress:Hollywood, Los Angeles, CA, United StatesLocation to be used only as a reference. It could indicate city/country but not exact address. Share Year: ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/212826/habitat-15-predock-frane-architects Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/212826/habitat-15-predock-frane-architects Clipboard CopyAbout this officePredock Frane ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsLos AngelesHousingUnited StatesPublished on March 01, 2012Cite: “Habitat 15 / Predock Frane Architects” 01 Mar 2012. ArchDaily. Accessed 11 Jun 2021.
June 29 anti-austerity protest in Athens.June 30 — As we go to press, rumors of a last-minute attempt by the Syriza government in Athens to ask the euro bankers for a third bailout have been rebuffed by German Chancellor Angela Merkel. Whatever the outcome, the fundamentals of the Greek situation will remain unchanged. The bankers of Berlin, Paris, Brussels, Rome and Wall Street are trying to extract blood from the Greek masses.Tens of thousands of people demonstrated in Athens’ Syntagma Square on June 29 against the terms of the “Troika” — the International Monetary Fund, the European Central Bank and the European Commission. The demonstrators opposed the continuation of debt slavery imposed on Greece by the bankers of Europe.After five months of negotiations between the left social-democratic Syriza government and the representatives of 18 other European governments, the Troika, which calls the shots, has remained adamant. The financial vultures have demanded further austerity measures. Earlier versions of these measures — pension cuts, health care cuts, wage cuts, layoffs and tax increases — have already brought about mass suffering in Greece on a society-wide scale.And now the imperialist bankers have cut off funds to Greece, forcing it to close its own banks for at least a week. The goal of the Troika is to bring about capitulation at the negotiating table as well as to accomplish regime change. If there is economic chaos, the Syriza government could be blamed. But if the government capitulates and enforces concessions, it can also fall. So, either way, the bankers want to teach Syriza and parties in other countries not to dare to challenge austerity.Origins of vicious bankers’ debt cycleThe bankers have justified their austerity demands on the grounds that such measures will pave the way for economic growth and an end to the economic crisis. This fantasy was dreamed up by the bankers to make their greed and lust for profit seem as if they sought benefits for Greece.The Greek people have already had austerity. Instead of growth they got a Great Depression in which the economy shrank by 25 percent, the unemployment rate rose to 27 percent and youth unemployment to 50 percent, with 50 percent of Greeks living at the poverty level or below, and 25 percent of businesses having gone bankrupt — all to pay the bankers their pound of flesh.The so-called Greek bailout began in 2010. Bankers and investors had earlier bought Greek government bonds to make a profit on the interest they would receive. When the economic crisis hit in 2008, it caused a decline in government revenue. In order to pay back the bankers and other bondholders, the capitalist Greek government had to borrow more money from bankers — to pay back bankers.Soon the financiers cut off Greek borrowing in the bond market, forcing the government to ask for a bailout in 2010. It was the bailout conditions imposed by the Troika — the IMF, the ECB and the EC — that led to the economic catastrophe that struck the Greek working class and the middle class.The Troika lent the Greek government 110 billion euro. But by 2012 the government, due to high interest payments and economic collapse, was still deep in debt. It had to ask the bankers for another bailout of 130 billion euro — which came with more austerity conditions.So the Greek governments of the last five years have been imposing austerity measures on the masses in order to pay back interest on loans. The high payback on the loans created more debt. This required more borrowing, which in turn required more payback.Of all the hundreds of billions that the Greek government borrowed, it is estimated that only about 10 percent of the money ever got to the government to pay for expenses; the other 90 percent went to financial institutions.Tsipras’s partial capitulation not enough for TroikaThe Syriza government, led by Alexis Tsipras, has made numerous concessions to the demands of the Troika in the past month. But those concessions were not enough for the bankers. To try to improve the government position, Tsipras has called for a July 5 national referendum on whether or not to accept the Troika’s proposals. The referendum is supposed to be a simple “Yes” or “No” vote on the proposals.The origins of the referendum go back to the breakdown of negotiations on June 23. On June 22, a proposal from Syriza to a Eurogroup summit meeting of ministers was in direct contradiction to Tsipras’ post-election pledges to defy the austerity measures and demand debt relief, as well as in opposition to the left wing of his party.At that meeting Syriza’s proposal included 7.9 billion euro in savings to meet the demands of the Troika. Among the concessions were a pledge to end early retirement next year; raising the retirement age to 67 in stages; phasing out supplementary payments to poor pensioners; raising pension contributions by workers to 2 percent; and raising pensioners’ health care contributions to 5 percent.The Troika dismissed any idea of debt relief but promised to “consider it” sometime down the road.Once the terms of the proposal got back to Athens, a revolt began within Syriza and important members of parliament said they could not support it. But before Syriza could get a chance to reject the concessions put forward by Tsipras — because they went too far — the bankers rejected the proposal because it did not go far enough. Tsipras had to walk out of the negotiations; there have been none since.As the deadline of June 30 for a payment of 1.8 billion euro to the IMF approached and the government could clearly not pay it, Tsipras called for the referendum on July 5 to “strengthen his negotiating position.”Referendum vs. leadershipHaving a referendum on the austerity terms proposed by the Troika is no doubt an appealing idea. To put the bankers’ terms up for a popular vote puts the question out there.Whatever anyone thinks of Syriza, now that the referendum has been proposed and assuming that it comes off, everyone must campaign for the strongest possible “No” vote. The bankers show their contempt for bourgeois democracy by opposing the referendum.But there is another side to the story. In the first place, there was already an election against austerity on Jan. 25, and Syriza won that election handily. The popular mandate to oppose austerity has already been given. The Syriza government has been on record both before and after the elections as opposing austerity. It was opposed to the debt and to being forced into onerous anti-working-class concessions.And there is another danger. All of European and Greek capitalism can start a campaign of fear that could swing the referendum in a “Yes” direction.The Tsipras wing of Syriza has repeatedly underestimated the resistance of the bankers. It has talked over and over about an “honorable settlement,” it pledged to find a compromise, it talked about “our common European home,” and so on, ad nauseam.Instead of taking an adamant stand against the bankers and preparing for battle, the Tsipras leadership has fought this struggle without clear resolve, without any plan and without an aggressive posture toward the bloodthirsty, predatory bankers who have been abusing, oppressing and exploiting the Greek workers and the population in general.In politics, if you are going to war, you had best be prepared for battle. The Troika was fully prepared, but Syriza was divided and irresolute.To be sure, the relationship of forces was highly unfavorable to the Greek government. It is impossible to overlook the power of European and U.S. finance capital.The first thing to be done was to reject the terms or rules of the struggle imposed by the enemy. But Syriza declared in advance its intention to remain with the euro and to come up with a settlement that honored the eurozone.Even for a capitalist government, such as Syriza is despite its leftist rhetoric, sticking to the eurozone framework dominated by German imperialism is a losing proposition. Not being prepared to break sends a message to the bankers that you have already given in most of the way. After all, if Syriza is determined to remain in an arrangement where Greece has no sovereignty over its own currency and the bankers who are trying to skin it alive are also in charge of its currency, then Syriza has ceded the most favorable terms to the financial predators.Finance capital and social democracyThe current predicament of the Greek working class is the result of the relationship of forces between the big European powers and U.S. bankers, on the one hand, and Greece, a small imperialist country that is also a semi-colony of Germany and other powers, on the other.Tsipras’s call for a referendum is an abandonment of the responsibility to lead. The Syriza government was elected to fight austerity. That is what it should do — not push its responsibility onto the population. It must also be said that failing to vote “No” in the referendum is also an abandonment of responsibility.There are many other ways to call out the popular masses to demonstrate support and strengthen your negotiating position. That is what Syriza should have been doing since last January.Furthermore, it is clear what the Troika’s negotiating position is going to be if further negotiations take place over a deal. The bankers will demand capitulation, concessions, hardships for the masses, payoffs for themselves, etc. Everything that has occurred in the last five months shows that the next phase of the struggle calls for defiance, mass mobilization and the willingness to do whatever it takes to break the stranglehold of the bankers.The struggle so far shows the inherent contradiction of trying to fight finance capital while remaining in a framework defined by and governed by finance capital. This is the inherent contradiction of every left-wing social democracy.The struggle is far from over, however. The very greed of the bankers has the capability to further destabilize the situation and set off an even bigger and more revolutionary struggle — a struggle which must be directed at Greek capitalism as well as European finance capital.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
El 3 de febrero, la General Motors anunció sus ganancias en 2015. Aún descontando impuestos e intereses, GM registró las mayores ganancias en sus 108 años de historia, $9,7 mil millones! Este anuncio se produce tras la noticia de Ford el 28 de enero informando su récord histórico de ganancias, $7,6 mil millones en 2015.La Fiat Chrysler Auto (FCA) tuvo un desempeño menos robusto, que atribuye principalmente a los costos de “reajuste del producto”. Sin esos cargos, la FCA habría hecho $ 5,7 miles de millones en ganancias.Estas tres compañías no hacen $23 miles de millones siendo amables con sus trabajadoras/es o el medio ambiente. Tienen una larga y sórdida historia de anteponer las ganancias a las personas y el planeta.Con el escándalo de agua en Flint ocupando los titulares, la gente está haciendo la conexión entre el empobrecimiento de Flint y la larga reestructuración de GM. La compañía y sus dependencias han cerrado 24 plantas en Flint y alrededor del condado de Genesee desde 1979. Ese cambio ha robado a Flint – lugar de nacimiento de GM – de 72.000 puestos de trabajo, dejando sólo 8.000 trabajadoras/es en la ciudad.Todo el estado de Michigan ha sufrido por el cierre de más de 170 plantas de GM, Ford y Chrysler. Ahora parte de la FCA, Chrysler fue una vez el mayor empleador privado en Detroit, donde sólo Dodge Main empleaba a 100.000 trabajadoras/es. Ahora hay sólo una planta de ensamblaje de Chrysler, altamente automatizada, construida sólo después de que Detroit le diera a la Chrysler una enorme exención de impuestos.Después de Michigan, Ohio e Indiana han sido los estados más afectados. En los tres estados, las mayores pérdidas de empleo han sido en zonas urbanas, lo que ha tenido un impacto devastador en las familias negras de clase trabajadora. Con la introducción del divisivo sistema de pago dual y un repunte en las ventas impulsadas por el crédito fácil, las empresas empezaron a contratar a miles de jóvenes afroamericanos, pero ya no con un salario que podría mantener a una familia.Los contratos recién negociados entre las Tres de Detroit y UAW elevaron sustancialmente los salarios para las/os trabajadores nuevos. El problema que hoy enfrentan estas/os trabajadores es que en un futuro próximo, lo que la compañía llama “reajuste del producto” podría significar despidos indefinidos.El 27 de enero, cuando el CEO de FCA Sergio Marchionne anunció los resultados de las ganancias, indicó también que la FCA suspenderá la construcción de autos en EUA. Él tiene previsto suspender dos modelos, el Dodge Dart y el Chrysler 200. La compañía planea construir sólo camiones y vehículos utilitarios deportivos en sus plantas actuales con miembros de la UAW. Estos vehículos producen el mayor margen de ganancia.Durante la votación del contrato, a las/os trabajadores de la FCA se les presentó la proyección de pérdidas de empleos y ganancias en cada planta. Basado en estas estimaciones, el área de Detroit perdería alrededor de 750 puestos de trabajo en FCA.Mientras tanto, Ford ha indicado que va a trasladar la producción de coches pequeños a México, donde los salarios bajos generarán enormes ganancias. La planta de ensamblaje de GM de Orión que fabrica subcompactos, reabrió en 2010 con un menor número de trabajadoras/es, muchos con baja paga. Orion ha visto una gran caída en los niveles de empleo. GM cerrará otra planta de ensamblaje durante la vigencia del actual convenio colectivo.Las ganancias récord de hoy han llegado a costo de cientos de miles de puestos de trabajo en los últimos años – sin embargo, la reestructuración continúa. ¿Cómo les irá a estas/os trabajadores jóvenes recientemente contratados en caso de una recesión económica?Ganancias vs. seguridadAl menos una familia de GM no brindará por las ganancias récord de los patronos. El 2 de febrero, Terry Bodenbender, un electricista de GM en Defiance-Ohio, murió en una caída.A nivel mundial, las/os trabajadores automotrices sufren altas tasas de lesiones. En Bogotá-Colombia, la Asociación de Trabajadores Lesionados y ex trabajadores de GM Colmotores, han estado luchando durante más de cuatro años para obtener justicia para los trabajadores lesionados y despedidos ilegalmente. Los trabajadores de GM en la India, donde los trabajadores antiguos hacen 92 centavos la hora y los nuevos 47 centavos, también tienen una alta tasa de lesiones.El público conductor no tiene tampoco mejor seguridad. GM causó cientos de muertes por un interruptor de encendido defectuoso que la patronal eligió usar, ya que era más barato. Durante muchos años Chrysler luchó contra los requisitos de bolsas de aire para evitar el costo añadido.La negligencia ambiental ha definido el comportamiento de la industria desde sus primeros días. La excesiva dependencia de la FCA en motores devoradores de gasolina está contribuyendo al cambio climático. Para hacer que sus motores funcionaran sin problemas, la GM promovió en la década de 1920, el uso en la gasolina del plomo, un veneno ya conocido durante mucho tiempo. Con el casi abandono de Flint, GM dejó el suelo y río contaminados.Cuando Flint comenzó a usar el agua del río Flint, GM se dio cuenta de que el agua podría corroer sus motores. En silencio, la empresa dispuso obtener agua de una fuente alterna. Si la GM hubiera hecho público su preocupación por la corrosión, una ciudad entera podría haberse salvado del envenenamiento por plomo.Estas y otras razones hacen que la industria automotriz esté lista para la toma por las/os trabajadores para una economía socialista planificada, donde las personas y el medio ambiente se anteponen a las ganancias.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Ukrainian media group harassed by broadcasting authority to go further September 7, 2020 Find out more RSF_en February 26, 2021 Find out more News The editor of an online newspaper, Oleg Eltsov, was victim of a second attack in less than six months on 12 January when one or two aggressors fired rubber bullets at him close to his home in Kiev before fleeing in a car.Eltsov, editor-in-chief of Ukraïna Kryminalna, was hit in the leg and body but was not seriously injured.”The number of assaults against journalists continues to rise alarmingly. We urge you to personally ensure that everything is done to find and punish those responsible,” said Reporters Without Borders and the Ukrainian press freedom organisation, the Institute of Mass Media, in a letter to interior minister, Mykola Bilokin.Eltsov was previously attacked on 24 July 2003 as he left his home. A police investigation produced no results but Eltsov believed the attack was linked to information on the Gongadze case which he received from a former police criminal investigator, Igor Gontcharov. The officer was arrested in June 2002 for his suspected role in several murders and he died in prison in dubious circumstances on 1 August 2003. A key witness in the Gongadze case, Gontcharov had accused police and ranking interior ministry officials of being responsible for the murder of Géorgiy Gongadze, political journalist and editor in chief of the online newspaper www.pravda.com.ua, who disappeared in 2000 and was later found dead.Under Eltsov’s editorship Ukraïna Kryminalna, frequently posts exposés about corruption, implicating top officials and politicians. UkraineEurope – Central Asia Organisation News Reporters Without Borders and the Institute of Mass Media condemn the latest attack on Oleg Eltsov, editor-in-chief of online newspaper Ukraïna Kryminalna, which posts frequent exposés about corruption implicating ranking officials and politicians. Receive email alerts Crimean journalist “confesses” to spying for Ukraine on Russian TV January 14, 2004 – Updated on January 20, 2016 Online journalist attacked for the second time in less than six months March 26, 2021 Find out more UkraineEurope – Central Asia Help by sharing this information News Follow the news on Ukraine Ukraine escalates “information war” by banning three pro-Kremlin media News