Showing posts with label Pieces Together. Show all posts
Showing posts with label Pieces Together. Show all posts

Monday, January 29, 2024

Pieces Together: Another “Expert” Speaks (2009)

The Pieces Together column from the January 2009 issue of the Socialist Standard

Another “Expert” Speaks

“This week Citigroup’s already depressed shares have lost half their value, and shares of Bank of America and JPMorgan Chase are down 30 percent. Those declines have come despite reassuring comments from Treasury Secretary Henry M. Paulson Jr., who told National Public Radio a week ago that people were no longer worried about the possibility of a major bank failure. ‘I’ve got to tell you,’  he said. “I think our major institutions have been stabilized. I believe that very strongly.” The Standard & Poor’s index of 500 stocks fell by more than 6 percent on two consecutive days, Wednesday and Thursday, something that had not happened since July 20 and 21, 1933, in the midst of the Great Depression, when panic was brought on by collapsing commodity prices. Such prices have fallen rapidly this week as well, as evidence mounted of a world recession.” (New York Times, 20 November)


Another “Expert” Recants

“Alistair Darling will be forced to admit tomorrow that the credit crunch has plunged Britain into a deep recession, and the economy will contract for a full year in 2009, for the first time since the early Nineties. As the credit crisis ravaged the world’s financial markets earlier this year, the Chancellor insisted repeatedly that Britain’s `economic fundamentals` were sound. In the budget six months ago, he pencilled in a strong recovery for 2009.” (Observer, 23 November)


Good Business Practice

“The European Union accused drug companies on Friday of adding billions of dollars to health care costs by delaying or blocking the sale of less expensive generic medicines. One common tactic, said Neelie Kroes, the European competition commissioner, was for drug companies to amass patents to protect active ingredients in the medicines — in one case, 1,300 patents for a single drug. Another tactic, she said, was for pharmaceutical companies to sue the makers of generic drugs for ostensible patent violations, which tended to delay the availability of the lower-cost products for years. Ms. Kroes made her comments Friday while presenting the preliminary findings of a broad investigation into accusations of anticompetitive practices in the drug sector. She also turned her sights on the generics companies, which she said had received $200 million from pharmaceutical companies over seven years in exchange for holding their products off the market.” (New York Times, 28 November)


World Hunger Grows

“It is the new face of hunger. A perfect storm of food scarcity, global warming, rocketing oil prices and the world population explosion is plunging humanity into the biggest crisis of the 21st century by pushing up food prices and spreading hunger and poverty from rural areas into cities. Millions more of the world’s most vulnerable people are facing starvation as food shortages loom and crop prices spiral ever upwards. And for the first time in history, say experts, the impact is spreading from the developing to the developed world. More than 73 million people in 78 countries that depend on food handouts from the United Nations World Food Programme (WFP) are facing reduced rations this year. The increasing scarcity of food is the biggest crisis looming for the world”, according to WFP officials.” (Sunday Herald, 30 November)

Thursday, January 25, 2024

Pieces Together: Another Labour failure (2010)

The Pieces Together column from the January 2010 issue of the Socialist Standard

Another Labour failure

“Labour’s strategy for tackling poverty has reached the end of the road and Britain risks a return to Victorian levels of inequality, according to a major two-year study seen by The Independent. With 20 per cent of the population still stuck in poverty, the report calls for sweeping reform of the tax and welfare systems under which higher earners would finance more generous, universal benefits. The £43,888-a-year ceiling on national insurance contributions (NICs) would be abolished, so people earning more would pay NICs at 11 per cent on all their income above that level, instead of the current 1 per cent. The study, by the Labour-affiliated Fabian Society and Webb Memorial Trust, argues that Gordon Brown’s ‘quiet redistribution’ of wealth now lacks public support – and declares that one of the reasons is Labour’s tough language about benefit fraud and claimants.” (Independent, 30 November)


Ten wasted years

“Poverty has been rising in the UK since 2004 and is now at the same level as the start of the decade, a report by the Joseph Rowntree Foundation says. The group said that issues of unemployment and the repossession of homes had become more acute before the recession started. … The report, produced by the New Policy Institute, found that two million children lived in low-income, working households. This was the highest figure since the Foundation started collecting records. ” (BBC News, 3 December)


The other 1 percent

“According to consultants AT Kearney, the richest 1pc in the UK hold some 70pc of the country’s wealth. That there is this divide between rich and poor is not exactly new – but the scale of it, and the likelihood that it is not being narrowed by the financial crisis, is a big worry. Indeed, according to the report, in the US the amount of financial assets owned by the richest 1pc in the US is far, far lower at 48pc, and only 34pc in Australia. This must, to a large degree, be due to the fact that the UK set itself up in recent years as a haven for the super-rich, with its relatively generous rules on capital gains tax, because the income tax system itself is rather more redistributive than in the US. But the Kearney report is interesting because, unlike the traditional measure of inequality, the gini coefficient, it focuses not on income (the flow of money) but on actual substantive wealth (the stack of it that sits beneath us).” (Daily Telegraph, 25 November)

Thursday, December 7, 2023

Pieces Together: Pay Up or Burn Down (2010)

The Pieces Together column from the December 2010 issue of the Socialist Standard

Pay Up or Burn Down                                          

“A small rural community in western Tennessee is outraged and the fire chief is nursing a black eye after firefighters stood by and watched a mobile home burn to the ground because the homeowner hadn’t paid a $75 municipal fee. South Fulton city firefighters – equipped with trucks, hoses and other firefighting equipment – didn’t intervene to save Gene Cranick’s doublewide trailer home when it caught fire last week. But they did arrive on the scene to protect the house of a neighbor, who had paid his fire subscription fee. ‘I just forgot to pay my $75,’ said Cranick.  ‘I did it last year, the year before. … It slipped my mind.’ Later that day, Cranick’s son Timothy went to the fire station to complain, and punched the fire chief in the face.” (AOL News, 6 October)


The Rich Get Richer                                           

“The shift of income to the top has occurred in the most prosperous English-speaking nations, such as Australia, Britain, and Canada. But it has been most pronounced in the United States. Thirty years ago, the richest 1 percent of Americans got 9 percent of total national income. By 2007, they had 23 percent. Last year, new census data show, the rich-poor income gap was the widest on record. Wealth is more unevenly distributed. The top 20 percent of wealth-holders own 84 percent of America’s wealth.” (Christian Science Monitor, 18 October)


Capital Gains

“The bosses of Britain’s largest companies are enjoying lavish pay rises despite the wobbly economic recovery, with most of the surge in rewards coming from long-term incentive schemes and gains from share options. The chief executives of FTSE 100 companies have seen their pay surge by 55% in a year, according to a report released yesterday by research group Incomes Data Services (IDS), while across the top 350 listed companies, total board pay rose by an average of 45%.” (Guardian, 29 October)


Situations Vacant                                          

“In Baltimore this weekend more than a hundred Roman Catholic bishops and priests gathered to discuss a skills shortage within their congregation; it seems there are simply not enough exorcists. Just as US industry has suffered a lack of engineers, the number of men capable of casting out demons has declined, even as demand for their services has increased. In parts of the country they are now harder to find than a good plumber.” (Times, 15 November)

Monday, November 20, 2023

Pieces Together: Baby, it's cold inside (2008)

The Pieces Together column from the November 2008 issue of the Socialist Standard

Baby, it's cold inside

“The number of households in fuel poverty in the UK rose to 3.5 million in 2006, government figures show. The figures from the Department for Environment and the Department for Business show this is an increase of one million on 2005 levels. Fuel poverty is defined as households who spend more than 10% of their income on fuel. The Unite union said thousands more people are likely to suffer from fuel poverty this winter. The figures include around 2.75 million homes classed as “vulnerable” – containing a child, elderly person or someone with a long-term illness. The number of homes in fuel poverty in England rose from 1.5 million in 2005 to 2.4 million in 2006, including an extra 700,000 vulnerable households.” (BBC News, 2 October)


Got it?, Flaunt it

“While most of us are tightening our belts, they are planning to increase spending, taking advantage of the falling price of everything from property to private jets. About 80% of those worth £50m or more plan to spend more this year, according to a survey by the US-based wealth analysts Prince & Associates. Take Al Waleed. The small fortune he dropped on the Airbus is, it turns out, pocket change. The 53-year-old recently bought the Savoy hotel in London for £250m and is spending a further £100m giving the grande dame of the Thames the kind of makeover that would make Demi Moore blush. He is also doing up his other favourite five-star bolt holes, the George V in Paris and the Plaza in New York. But there’s no place like home. His £500m palace in Riyadh is constantly being remodelled and enlarged. At the last count it had 317 rooms, including 20 kitchens that can cater for up to 1,000 people.” (Times, 21 September)


World hunger worsens

“Global numbers afflicted by acute hunger rose from 850 million to 925 million by the start of this year because of rising prices, the head of the UN Food and Agriculture Organisation said Wednesday. The number of people suffering from malnutrition, before the worst effects of global price rises, ‘rose just in 2007 by 75 million,’ Jacques Diouf, director-general of the Rome-based agency, told an Italian parliament committee, according to ANSA news agency. An FAO prices index showed global food price rises of 12 percent in 2006, 24 percent in 2007 and 50 percent over the first eight months of 2008, Diouf added – suggesting the number affected is likely to top one billion by the end of the year. ‘Thirty billion dollars per year must be invested to double food production and eliminate hunger,’ Diouf said, calling the figure ‘modest’ in comparison with the amount many countries spend on arms and agriculture.” (Yahoo News, 17 September)


A Frightening Future

“Pentagon officials have prepared a new estimate for defense spending that is $450 billion more over the next five years than previously announced figures. The new estimate, which the Pentagon plans to release shortly before President Bush leaves office, would serve as a marker for the new president and is meant to place pressure on him to either drastically increase the size of the defense budget or defend any reluctance to do so, according to several former senior budget officials who are close to the discussions.” (CQ Today, 9 October)

Thursday, October 13, 2022

Pieces Together: Food Destroyed (2009)

The Pieces Together column from the October 2009 issue of the Socialist Standard

Food Destroyed

“Christophe Voivenel is a dairy farmer, and the son of dairy farmers, in one of the finest dairy regions in the world. At some point in the next few days, he will commit an act of sacrilege. He will rise, as usual, at 6am to milk his 60 cows and then throw away the warm, white liquid which is his family’s life’s blood. ‘You have to understand how hard that will be,’ he said. ‘It is like an artist destroying his own painting or a craftsman smashing one of his own creations.’ Mr Voivenel, 43, a farmer near Vire in lower Normandy, is about to go on strike. Tens of thousands of dairy farmers in 14 European countries, including some in Britain, are preparing to join the first ever pan-European ‘milk strike’: an attempt to push up the farm-gate price of milk, which has almost halved in the last 18 months.” (Independent, 29 August)


Food Needed

“Changing weather patterns have decimated crops in several of the world’s poorest countries this year, leaving millions in need of food aid and humanitarian workers warning about the dangerous effects of climate change. Farmers in Nepal have been able to produce only half their usual crop, said an Oxfam International report released last week. Livestock are dying of malnutrition in Yemen, according to the humanitarian news service IRIN. And the Red Cross is bracing for the effects of heavy rains across 16 West and Central African nations. All three are the result of extended atypical weather events – drought, rain, or untimely combinations of both – in places where subsistence farmers have long depended on predictability. In Nepal, more than 3 million people – about 10 percent of the population – will need food aid this year, said Oxfam.” (Yahoo News, 2 September)


The Failure of Charity

“The spectre of famine has returned to the Horn of Africa nearly a quarter of a century after the world’s pop stars gathered to banish it at Live Aid, raising £150m for relief efforts in 1985. Millions of impoverished Ethiopians face the threat of malnutrition and possibly starvation this winter in what is shaping up to be the country’s worst food crisis for decades. Estimates of the number of people who need emergency food aid have risen steadily this year from 4.9 million in January to 5.3 million in May and 6.2 million in June. Another 7.5 million are getting aid in return for work on community projects, as part of the National Productive Safety Net Program for people whose food supplies are chronically insecure, bringing the total being fed to 13.7 million.” (Independent, 30 August)

Sunday, March 6, 2022

Pieces Together: Out of sight, out of mind (2009)

The Pieces Together column from the March 2009 issue of the Socialist Standard

Out of sight, out of mind

“From the steam grates of Pennsylvania Avenue to the porticoes of the city’s grand buildings, homeless Washingtonians who live inside the nation’s tightest security zone are being encouraged to decamp during the inauguration for shelters in the city’s outer neighborhoods. The security sweeps will probably begin Monday. Buses will make one-way trips to two of the District’s largest shelters, which will remain open round-the-clock, said D.C. Council member Tommy Wells (D-Ward 6).”Everyone has to be out of the perimeter by then,” Wells said.” (Washington Post, 15 January)


Growing old disgracefully

“Miriam Gorman wanted to retire more than a year ago, but steep financial losses in her retirement savings mean the 71-year-old bookkeeper now plans to work on indefinitely. ‘I would have preferred to retire at the end of 2007, and then I was thinking at the end of this year, and now maybe it’s next year. I really don’t know,’ said Gorman, who’s been with an advertising company in Bethesda, Maryland, for 15 years. Across America, older workers are postponing retirement plans, dismayed by huge losses in the value of the investments they had depended on to fund their retirement. The U.S. recession has compounded the problem, with home values too low to provide the nest egg many seniors need and interest rates on safer assets close to zero.” (Yahoo News, 17 January)


Hard times

“Think pawnshops, and you probably conjure up old jewelry, desperate customers, and seedy storefronts. Hardly, it would seem, the ingredients for innovation. Yet amid recession, the country’s largest chain, Cash America International (NYSE:CSH – News), is using the credit-crunch boom time to lure new customers and expand. To woo the growing number of consumers facing a credit squeeze, Cash America is boosting the amount of short-term loans it offers online, and is adding a cash-advance feature to electronic payroll cards. Such cards are gaining popularity among employees with poor credit, or those without traditional bank accounts.” (Yahoo News, 5 February)


Mortgage misery

“One house was repossessed every ten minutes in the third quarter of last year as the rate of seizures almost doubled, the Financial Services Auithority said yesterday. The City regulator said that 13,616 homes were repossessed in the three months to September last year, a 92 per cent rise on the third quarter of 2007. There was also a rise in the number of homeowners in arrears, indicating that hundreds of thousands of borrowers could lose their homes. The FSA said that 340,000 borrowers were behind on mortgage repayments, a 10 per cent rise compared with the previous quarter of last year and a 24 per cent rise on the same period in 2007.” (Times, 23 January)

Thursday, April 8, 2021

The Pieces Together: All Right For Some (2010)

The Pieces Together column from the April 2010 issue of the Socialist Standard

All Right For Some

“The Mexican telecoms magnate Carlos Slim Helu has been named the world’s richest man, with a net worth of $53.5 billion (£36 billion), the first time since 1994 that the top spot has been held by a non-American. The annual billionaires list published by Forbes magazine shows that the number of billionaires increased from 793 to 1,011.” (Times, 11 March)


The Income Gulf

“The President of Azerbaijan suffered embarrassment yesterday when it was reported that nine luxury mansions in Dubai worth millions of pounds had been bought in the name of his 11-year-old son. … The Washington Post newspaper reported that they were bought in a two-week shopping spree last year for about $44 million (£29 million) -10,000 times the average annual salary in Azerbaijan.” (Times, 6 March)


Conspicuous Consumption

“One of the many stresses of being a billionaire is the difficulty in choosing between purchasing a yacht or an island. Happily, designers this week unveiled plans for a ‘moving island’ that renders the conundrum redundant. Designs for WHY 58×38 were unveiled at the Abu Dhabi yacht show this week. … The motor yacht is, as the name suggests, 58 metres long and 38 metres wide, providing a total guest area of 3,400 square metres, and weighs in at 2,400 tonnes. It boasts a maximum speed of 14 knots, and a price tag, when built, of $160 million.” (Guardian, 3 March)


The Price of Garments

“Several hundred people protested in Dhaka and Gazipur yesterday after locked gates were blamed for the death of 21 people in a fire at a Bangladeshi factory that made sweaters for H and M. Most of the victims of the blaze were women who suffocated on the top floor of the seven-storey Garib and Garib factory. The nephew of one of the victims said that the gates had been locked, trapping them. The National Garment Workers’ Federation said: ‘These workers were killed by the factory’s blatant disregard for worker safety’.” (Times, 27 February)


Double Exploitation

“More workers are taking on a second job to make ends meet. A survey for the law firm Peninsula suggested that the proportion having two jobs had risen from 26 to 28 per cent in the past year.” (Times, 1 March)

Sunday, April 4, 2021

Pieces Together: Tough at the Top? (2008)

The Pieces Together column from the March 2008 issue of the Socialist Standard 

Tough at the Top?

“A study by the Bow Group, a centre-right think-tank, found that 27 per cent of FTSE 100 chief executives have contracts that continue to pay bonuses if profits rise by as little as 1 per cent above inflation. Nearly one in ten firms will still pay bonuses if profits fail to beat inflation.” (Times, 4 February)


Smile, damn you Smile

“Microsoft is developing Big Brother-style software capable of remotely monitoring a worker’s productivity, physical wellbeing and competence. ... The system would allow managers to monitor employees’ performance by measuring their heart rate, body temperature, movement, facial expression and blood pressure.” (Times, 16 January)


Words of Wisdom

David Attenborough in an interview said: “Every society that’s ever existed has felt it necessary to have creation myths. Why should I believe one? People write to me and say: `You show us birds and orchids and wonderful, beautiful things - don’t you feel you should give credit to He who created those things? My reply says: what about a parasitic worm that’s boring through the eye of a four-year-old child on the bank of an African river? It confuses me that I should believe in a god who cares individually for each and every one of us and could allow that to happen” (Observer Magazine, 20 January)


This is Progress?

“Josette Sheeran, the head of the World Food Programme (WFP) in Rome, said: ‘We’re seeing more people hungry, and in greater numbers than before. We’re seeing many people being priced out of the food market for the first time. We’re seeing less crop production in many places; shorter harvest times.’ ... According to the UN world food index, prices rose by 40 per cent last year. Ms Sheeran said oil prices were driving up costs because oil was used for planting, fertiliser and delivering food.” (Times, 13 February)


Labour’s Sorry Record

“Poverty affects 3.8 million children in the UK, making ours one of the worst rates in the industrialised world. Children living in poverty are likely to have lower self-esteem, poorer health, and lower aspirations and educational achievements than their peers. Poverty also shortens lives. A boy in Manchester can expect to live seven years less than a boy in Barnet, North London.” (Times,  February)


A Brave New World?

“Here’s a vision of the not-so-distant future: Microchips with antennas will be embedded in virtually everything you buy, wear, drive and read, allowing retailers and law enforcement to track consumer items — and, by extension, consumers — wherever they go, from a distance. A seamless, global network of electronic ‘sniffers’ will scan radio tags in myriad public settings, identifying people and their tastes instantly so that customized ads, ‘live spam,’ may be beamed at them. In ‘Smart Homes,’ sensors built into walls, floors and appliances will inventory possessions, record eating habits, monitor medicine cabinets — all the while, silently reporting data to marketers eager for a peek into the occupants’ private lives.” (Yahoo News, 26 January)

Wednesday, February 17, 2021

Pieces Together: A Frightening World (2010)

The Pieces Together column from the February 2010 issue of the Socialist Standard 

A Frightening World

“It is Europe’s dirty secret that the list of nuclear-capable countries extends beyond those that have built their own weapons – Britain, France and Russia. The truth is that Belgium, Germany, Italy and the Netherlands store nuclear bombs on their air-force bases and have planes capable of delivering them. There are an estimated 200 B-61 thermonuclear-gravity bombs scattered across these four countries. Under a NATO agreement struck during the Cold War, the bombs, which are owned by the U.S., can be transferred to the control of a host nation’s air force in time of conflict. Twenty years after the fall of the Berlin Wall, Dutch, Belgian, Italian and German pilots remain ready to engage in nuclear war” 
(Time, 4 January).


The Oil Invasion

“British companies have benefited from the award of oil contracts in Iraq because of the decision to help to overthrow Saddam Hussein, Gordon Brown’s chief foreign policy adviser told the Chilcot inquiry yesterday. Simon McDonald said British companies had “done pretty well” in a recent auction of oil rights and that Britain had “privileged access” to the Government of Nouri al-Maliki, the Prime Minister” 
(Times, 6 January).


Merchants of Death

“Two UAE orders for military helicopters and guided bombs capped a remarkable year for procurement in which the Emirates became the largest foreign purchaser of US defence equipment, a Pentagon agency said. The UAE, which has peacekeepers in Afghanistan, awarded Sikorksy Aircraft a US$171 million (Dh628m) contract for 14 UH-60 Black Hawk helicopters, which are used for tactical transport. Separately, the US defence security co-operation agency, a unit of the Pentagon, said last week it had notified Congress of a potential sale of enhanced guided bomb units, parts, training and support to the UAE for about $290m. The same agency said in November that in the last fiscal year the UAE became the largest foreign purchaser of US defence equipment with sales of $7.9bn, ahead of Afghanistan ($5.4bn), Saudi Arabia ($3.3bn) and Taiwan ($3.2bn)” 
(The National, 2 January).


Sunday, June 14, 2020

Pieces Together: A Grateful Nation? (2009)

The Pieces Together column from the June 2009 issue of the Socialist Standard

A Grateful Nation?

“It is only when darkness falls on the streets of London that the plight of many veterans of the Armed Forces becomes fully apparent. More than 1,000 of them are homeless. Until a couple of months ago Ray (not his real name) was one of them living on the streets. He had enlisted in the Royal Green Jackets (Light Division) in 1993 and saw service in Northern Ireland. He left the Army in November 2001 but found civvy street a harsh place. … “You think after serving your time in the Army society will accept you,” he says, “but they don’t and no one helps.” (Times, 25 April)


Hard Times?

“Virgin boss Sir Richard Branson is reported to have lost 56% of his wealth, shedding £1.5bn and is now worth £1.2bn. Meanwhile, Formula 1 motor racing chief Bernie Ecclestone lost £934m, leaving him at £1.46bn, the list reported. The richest British-born billionaire is the land and property owning Duke of Westminster, who has seen his wealth shrink to £6.5bn from £7bn. In fourth spot are Ernesto and Kirsty Bertarelli: the former Miss UK winner and her husband have a £5.6bn fortune based on pharmaceuticals. Their fortune has shrunk by a relatively modest 12% over the year. But it is not all gloom – the former boss of supermarket chain Morrisons, Sir Ken Morrison, has seen his fortune increase by 11%, making him worth £1.6bn. The wealth of Peter and Denise Coates, owners of Stoke-based online sports betting website Bet365, has gone up by 33%, to £400m. And Harrods boss Mohammed al-Fayed has benefited from a cheap pound – his fortune stands at £650m, up 17% on last year.” (BBC Times, 25 April)


American Poverty

“An estimated 3.5 million children younger than 5 are at risk of hunger in the United States, according to government numbers provided by an anti-hunger group. That’s more than 17 percent of children who could suffer cognitive and developmental damage if they are not properly fed. The not-for-profit advocacy group Feeding America based its findings on 2005-2007 data from the U.S. Census Bureau and the Agriculture Department. The study, released Thursday, is the first to look at these numbers for children under the age of 5, according to the group. Feeding America runs food banks and feeding centers around the country. The study also shows that in 11 states, more than 20 percent of children under 5 are at risk of going hungry. Louisiana has the highest rate, with just under a quarter of children at risk, followed by North Carolina, Ohio, Kentucky, Texas, New Mexico, Kansas, South Carolina, Tennessee, Idaho and Arkansas.” (Yahoo News, 7 May)

Wednesday, June 10, 2020

Pieces Together: Religious Nonsense (2010)

The Pieces Together column from the June 2010 issue of the Socialist Standard

Religious Nonsense

“Women who wear immodest clothing and are promiscuous are to blame for earthquakes, an Iranian cleric said. The explanation for tremors in one of the most earthquake-prone countries came after President Ahmadinejad predicted a quake and suggested that many of Tehran’s 12 million residents should move. Hojatoleslam Kasem Sedighi was quoted by Iranian media as saying that adultery increased quakes and the only solution was to take refuge in religion” (Times, 20 April).


Right-Wing Nonsense

“The demonstration was marked by the same rhetoric that has galvanised the Tea Party movement and which crowds hear from Sarah Palin on an almost daily basis: disgust with Mr Obama’s agenda, rage at his health reform legislation, Government bailouts, accusations of a socialist White House and an unconstitutional takeover of American life by Washington. ‘We are in a war,’ said Larry Pratt, president of Gunowners of America. ‘The other side knows they are at war because they started it. They’re coming for our freedom, for our money, for our kids, for our property. They’re coming for everything because they are socialists’” (Times, 20 April).


"Lazy" Workers (1)

“The image Microsoft doesn’t want you to see: Too tired to stay awake, the Chinese workers earning just 34p an hour. Showing Chinese sweatshop workers slumped over their desks with exhaustion, it is an image that Microsoft won’t want the world to see. Employed for gruelling 15-hour shifts, in appalling conditions and 86F heat, many fall asleep on their stations during their meagre ten-minute breaks. For as little as 34p an hour, the men and women work six or seven days a week, making computer mice and web cams for the American multinational computer company” (Daily Mail, 18 April).


"Lazy" Workers (2)

“A study of 6,000 British civil servants found that those who regularly worked 10 or 11-hour days were up to 60 per cent more likely to suffer heart disease or die younger than those who worked shorter hours. The research, published online in the European Heart Journal, found that people who worked three or more hours longer than a seven-hour day put their health at risk, possibly as a result of being more stressed and having less time to unwind” (Times, 12 May).

Monday, May 25, 2020

Pieces Together: Trust me, I'm a doctor! (2009)

The Pieces Together column from the May 2009 issue of the Socialist Standard


Trust me, I'm a doctor!

“Dr. Hershel Samuels, an orthopedic surgeon, put his hand on the worker’s back. “Mild spasm bilaterally,” he said softly. He pressed his fingers gingerly against the side of the man’s neck. “The left cervical is tender,” he said, “even to light palpation.” The worker, a driver for a plumbing company, told the doctor he had fallen, banging up his back, shoulder and ribs. He was seeking expanded workers’ compensation benefits because he no longer felt he could do his job. Dr. Samuels, an independent medical examiner in the state workers’ compensation system, seemed to agree. As he moved about a scuffed Brooklyn office last April, he called out test results indicative of an injured man. His words were captured on videotape. Yet the report Dr. Samuels later submitted to the New York State Workers’ Compensation Board cleared the driver for work and told a far different story: no back spasms, no tender neck. In fact, no recent injury at all. “If you did a truly pure report,” he said later in an interview, “you’d be out on your ears and the insurers wouldn’t pay for it. You have to give them what they want, or you’re in Florida. That’s the game, baby.” (New York Times, 31 March)


No Profit, No Pill

“A pill which could prevent hundreds of thousands of deaths from heart disease, the biggest killer across the Western world, has been shown to be safe and effective in its first trials on humans. The magic bullet, containing five medicines in a single capsule, sharply reduced cholesterol and blood pressure levels and has the potential to “halve cardiovascular events in average middle-aged individuals”, the researchers say. The finding is a major boost for a medication with huge potential against the worldwide epidemic of heart disease and stroke. Doctors say that, if further trials prove successful, all men aged over 50 and women aged over 60 should be offered the pill in what would be the first example of mass medication for the middle-aged in Britain. Yet no Western pharmaceutical company has shown interest in developing the so-called polypill because it does not promise big profits. It would sell for pennies because its five constituent medicines are cheap, have been around for decades and their patents have expired.” (Independent, 31 March)


Fred and Forlorn 

“Oxfam is warning that the economic downturn is creating more poverty in the UK, making life tougher for the fifth of the population already struggling to get by. Kathleen Carter lives in poverty. At her home in Stockton-on-Tees, she cares full-time for her disabled son and husband. Her life is a constant round of cleaning, cooking, preparing medication and shopping on a very tight budget. The only income is from her pension and a small amount of benefits. She says: “It can be very soul-destroying. I’ve got to think of everything I buy, life is a real struggle because all the time you are thinking about what you are spending.” Mrs Carter is one of the so-called Freds. It is a term Oxfam has created standing for Forgotten, Ripped-off, Excluded and Debt-ridden.” (BBC News, 8 April)


Of all the slums in all the world . . .

“This seaside city is known as a rich stockpile of art deco architecture, the hub of Morocco’s economic growth and the setting of an all-time classic movie starring Humphrey Bogart and Ingrid Bergman.

But Casablanca is also the capital of a bleaker aspect of modern Morocco — sprawling slums, where huge families are packed into shanties with tin roofs rusted by the ocean winds, and goats and donkeys munch stray garbage.

“It’s as if we’re eating straight from the gutter,” said Mina Abujaman, 48, describing the squalor.

“We spend half our time cleaning up,” said the mother of seven and grandmother of two, pointing at the children playing in the mud while women carry water back from the communal fountain - all amid whiffs of sewage.

It’s not surprising, of course, that things do not go according to plan in a crowded Arab city where illusion is part of the atmosphere. Tourists’ snapshots of busy alleyways miss the squalor behind the walls, and the famous 1942 movie “Casablanca” was not filmed here at all, but mostly at studios in Burbank, Calif., with the misty farewell of hero and heroine shot nearby at Van Nuys airport.” (www.wtop.com)


Blogger's Note:
The wee piece, 'No Profit, No Pill', is not in the PDF version of the May 2009 Socialist Standard I have in front of me, whereas the piece, 'Of all the slums in all the world . . .', is in the PDF version of the Standard but is not on the website.

I decided to include both on the blog.

Tuesday, May 12, 2020

Pieces Together: Good News For Some (2008)

The Pieces Together column from the May 2008 issue of the Socialist Standard

Good News For Some

“The housing crisis and credit crunch may end the American dream of property ownership for millions of people, but for landlords seeking bargain investment properties the market is looking up. . . . Building contractor Chad Blankenbaker seeks foreclosed homes to ‘flip’ — buying at well below market value, refitting then selling them at a hefty profit. ‘I’m shocked at how low the prices are here,’ he said. ‘There’s so much inventory that no one has to fight to buy anything’. Around the country the housing crisis represents both a business opportunity for landlords and a huge shift in the rental market.” (Yahoo News, 17 March)


Heartless Capitalism

“Genzyme, a Massachusetts-based biotechnology company, has long charged more than $300,000 a year for typical patients on Cerezyme, a drug used to treat Gaucher disease, a rare, sometimes fatal, inherited disorder that can cause enlarged livers and spleens, anemia and bone deterioration.

Cerezyme, which is administered intravenously, eases their symptoms. …The experience with Cerezyme and other biological drugs defies conventional wisdom on drug marketing, which holds that blockbuster drugs — generating revenues of a billion dollars a year or more — are generally those that can be sold to vast numbers of people.

But Genzyme has made Cerezyme a blockbuster, with sales of $1.1 billion last year, by charging very high prices for a few thousand patients. That could bode ill for efforts to curb health care costs if, as expected, the future of medicine lies in targeting treatments to limited numbers of patients most likely to benefit from them. The company is essentially exploiting a monopoly position to charge what the market will bear to treat desperate patients with no other option.” (New York Times, 23 March)


A Free Society?

“The Stasi secret police may have died with communism but its surveillance methods are still alive at Lidl, the German supermarket chain. George Orwell’s Big Brother, it seems, stalks the aisles between the cornflakes and the canned dog food. Detectives hired by Lidl – which has more than 7,000 stores worldwide, including 450 in Britain – have been monitoring romance at the cash till, visits to the lavatory and the money problems of shelf-stackers. Several hundred pages of surveillance have been passed on to Stern magazine, causing outrage among unions and data protection officials.” (Times, 27 March)


Food For Thought

“Five years after the United States invaded Iraq, plenty of people believe that the war was waged chiefly to secure U.S. petroleum supplies and to make Iraq safe — and lucrative — for the U.S. oil industry. We may not know the real motivations behind the Iraq war for years, but it remains difficult to distill oil from all the possibilities.” (Washington Post, 16 March)

Thursday, June 13, 2019

Pieces Together: Profits before health (2008)

The Pieces Together column from the October 2008 issue of the Socialist Standard

Profits before health
“The drug industry is overpricing vital new medicines to boost its profits, the chair of the health watchdog Nice warns today in an explosive intervention into the debate over NHS rationing. Professor Sir Michael Rawlins spoke out after critics last week accused the National Institute for Clinical Excellence (Nice) of `barbarism` for refusing to approve expensive new kidney drugs for NHS use, on the grounds that they were not cost-effective. In an outspoken interview with the Observer, he warned of `perverse incentives` to hike the prices of new drugs – including linking the pay of pharmaceutical company executives to their firm’s share price, which in turn relied on keeping profits healthy. Traditionally some companies charged what they thought they could get away with,” (Observer, 17 August)


Capitalism kills
“People are dying “on a grand scale” around the world because of social injustice brought about by a “toxic” combination of bad policies, politics and economics, the World Health Organisation (WHO) said yesterday. Avoidable health problems caused by social factors – as opposed to biology and genetics – are causing large-scale health inequalities in the UK, the WHO’s Commission on the Social Determinants of Health has found after a three-year study. Evidence showed that a boy born in the relatively deprived Calton area of Glasgow was likely to live on average 28 years fewer than one born a few miles away in Lenzie, a village by the Glasgow-Edinburgh railway. Life expectancy at birth for men in the fashionable north London suburb of Hampstead was found on average to be 11 years longer than for men born in the vicinity of nearby St Pancras station. Adult death rates were generally 2.5 times higher in the most deprived parts of the UK than in the wealthiest areas.” (Independent 29 August)


Capitalism is awful
“There is a lot more poverty in the world than previously thought. The World Bank reported in August that in 2005, there were 1.4 billion people living below the poverty line — that is, living on less than $1.25 a day. That is more than a quarter of the developing world’s population and 430 million more people living in extreme poverty than previously estimated. The World Bank warned that the number is unlikely to drop below one billion before 2015. The poverty estimate soared after a careful study of the prices people in developing countries pay for goods and services revealed that the World Bank had been grossly underestimating the cost of living in the poorest nations for decades. As a result, it was grossly overestimating the ability of people to buy things. And the new research doesn’t account for the soaring prices of energy and food in the past two years.” (New York Times, 2 September)


Modern Times 
“Over the past five years alone, the average earnings of chief executives of FTSE-100 companies have doubled to £3.2m. Their pay has been rising five times faster than their employees’. The top 1 per cent of the population now enjoy 23 per cent of national wealth, while the poorest half share a mere 6 per cent. For most of the 20th century, Britain became steadily more equal. For the past three decades the movement has been in the opposite direction and it is estimated that Britain’s wealthiest person, Lakshmi Mittal, is worth more than twice as much as anybody in the past 150 years.” (New Statesman, 11 September) 

Friday, November 12, 2010

Pieces Together: Kick 'Em When They Are Down (2010)

From the November 2010 issue of the Socialist Standard

KICK 'EM WHEN THEY ARE DOWN

"Disabled people will be hit with more than £9bn in welfare cuts over the next five years, a think tank has warned. Demos suggests the government's plans will see 3.6m disabled people and carers lose about £9.2bn by 2015. It said moving those on incapacity benefit who were reassessed as fit to work to jobseeker's allowance would account for half of the losses" (BBC News, 9 October).


GRIM PROSPECTS

"A million people are expected to lose their jobs in the next four years as a result of the Government's decision to cut public spending by £83 billion, according to a report out today. Nearly 500,000 jobs are likely to be cut in the private sector as the Government stops building schools, hospitals and roads and cancels other contracts. This is on top of about 500,000 job losses in the public sector as employers reduce budgets by about a third and lay off civil servants, town hall staff, nurses, teachers and police officers" (London Times, 13 October).


HUNGER INCREASES

"UN food agencies said Wednesday that 166 million people in 22 countries suffer chronic hunger or difficulty finding enough to eat as a result of what they called protracted food crises. Wars, natural disasters and poor government institutions have contributed to a continuous state of undernourishment in some 22 nations, including Afghanistan, Haiti, Iraq, Somalia and Sudan, the Food and Agriculture Operation and the World Food Program said in a new report" (Associated Press, 6 October).


REFORM FAILS AGAIN

"West Africa's cocoa industry is still trafficking children and using forced child labour despite nearly a decade of efforts to eliminate the practices, according to an independent audit published by Tulane University. A US-sponsored solution called the Harkin-Engel Protocol was signed in 2001 by cocoa industry members to identify and eliminate cocoa grown using forced child labour. A child-labour-free certification process was supposed to cover 50 per cent of cocoa growing regions in West Africa by 2005 and 100 per cent by the end of 2010. But independent auditors at Tulane University's Payson Center for International Development said in a late September report that efforts have not even come close to these targets" (Globe and Mail, 8 October).

Thursday, October 14, 2010

Pieces Together: Modern Britain (2010)

From the October 2010 issue of the Socialist Standard

Modern Britain

"Nearly 54,000 children living below the poverty line will be pushed farther down the scale by cuts to housing benefit, according to figures from the charity Shelter. Their families will be left with less than £100 a week once housing costs have been paid. Of these, 33,00 children will be in families trying to live on under £50 a week." ((London) Times, 7 September)


Hunger Amidst Plenty

"India's grain warehouses are bursting at the seams and sacks of rice and wheat lie rotting in the open for lack of storage space. These government-managed stocks are for offsetting a fall in agricultural production in the event of drought or floods, but are also meant for sale to the poorest segment of the population at subsidised prices. But because the public distribution system (PDS) is undermined by bureaucracy and corruption, 60m tonnes of grain is lying in warehouses or under plastic sheeting, and, according to the Hindustan Times, 11m tonnes of it has been destroyed by the monsoons. A committee of experts appointed by the supreme court has claimed that this is nothing short of "genocide", and last month the court ordered the free distribution of the grain to the poor rather than have it eaten by rats. Since the 1970s green revolution, agricultural production has continued to rise, but not to benefit the hungry. Half of India's children aged under five suffer from malnutrition, and the rate remained stable between 1999 and 2006 despite the economic growth in those years. India is the world's 11th largest economic power but still has more people in poverty." (Guardian, 7 September)


Loaded Politicians in USA

"The rest of the country is still struggling with high unemployment amid a sluggish-at-best economic recovery -- but the wealthiest members of Congress are in high cotton. Indeed, the top 50 wealthiest lawmakers saw their combined net worths increase last year, according to the Hill's annual analysis of financial disclosure documents. Combined, the 50 lawmakers were worth $1.4 billion in 2009 -- an $85.1 million increase over their 2008 total . ...The list of 50 lawmakers spans both parties (27 Democrats and 23 Republicans) and both chambers of Congress (30 House members, 20 senators), the Hill reports." (Yahoo News, 1 September)


The Failure Of Reform

"The number of people in the U.S. who are in poverty is on track for a record on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty. Census figures for 2009 the recession-ravaged first year of the Democrat's presidency are to be released in the coming week, and demographers expect grim findings. It's unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated increase from 13.2 percent to about 15 percent would be another blow to Democrats struggling to persuade voters to keep them in power." (Yahoo News, 11 September)

Friday, August 27, 2010

Pieces Together: Workers Waking Up (2010)

From the August 2010 issue of the Socialist Standard

WORKERS WAKING UP

"Zhongshan, China – Striking workers at a auto parts plant here are demanding the right to form their own labor union, something officially forbidden in China, and held a protest march Friday morning. Meanwhile, other scattered strikes have begun to ripple into Chinese provinces previously untouched by the labor unrest. A near doubling of wages is the primary goal of the approximately 1,700 Honda workers on strike here in this southeastern China city, at the third Honda auto parts factory to face a work stoppage in the last two weeks." (New York Times, 10 June)


A LOST TRIBE INDEED

"Northern Ireland's born-again Christian culture minister has called on the Ulster Museum to put on exhibits reflecting the view that the world was made by God only several thousand years ago. Nelson McCausland, who believes that Ulster Protestants are one of the lost tribes of Israel, has written to the museum's board of trustees urging them to reflect creationist and intelligent design theories of the universe's origins. The Democratic Unionist minister said the inclusion of anti-Darwinian theories in the museum was ‘a human rights issue’. McCausland defended a letter he wrote to the trustees calling for anti-evolution exhibitions at the museum. He claimed that around one third of Northern Ireland's population believed either in intelligent design or the creationist view that the universe was created about 6,000 years ago." (Guardian, 26 May)


PROFITABLE CARNAGE

"Russia has exported $5.3 billion worth of weapons-related production in the first six months of 2010, the head of the Federal Service for Military-Technical Cooperation (FSMTC) said on Wednesday. ‘With a plan for $9.5 billion, we have delivered $5.3 billion in [weapons-related] production in the first six months [of 2010], which constitutes 56% of the plan,’ Mikhail Dmitriyev told the Engineering Technologies International Forum 2010 in the town of Zhukovsky near Moscow. In 2009, the figure was $8.5 billion." (Ria Novosti, 30 June)


CAPITALISM IN ACTION

"A boy aged seven has been found working 98 hours a week to produce decorative Christmas goods for the British high street. He is employed from 9am to 11pm, seven days a week, earning 7p an hour for his widowed mother. The boy, known only as Ravi, not only works but sleeps in a Delhi sweatshop that produces items for Poundland, the cut-price chain store." (Sunday Times,11 July)

Saturday, July 17, 2010

Pieces Together: World Cup Reality (2010)

From the July 2010 issue of the Socialist Standard


WORLD CUP REALITY

"No nation in the world has a gulf between rich and poor as great as South Africa's. Despite billions of euros in investments related to the 2010 World Cup, last year more than a million South Africans lost their jobs. During the first three months of this year, 171,000 entered the unemployment rolls. The official unemployment rate is over 25 percent, the highest level seen in the past five years. Unofficially, it is estimated to be closer to 40 percent. A recent study completed by the University of South Africa concluded that 75.4 percent of South Africans fall below the poverty level – and almost all those poor are black. 'Persistent poverty, rising levels of unemployment and violent crime, together with the crisis in the public health sector," writes Amnesty International in its annual report, have contributed at least as much as corruption and nepotism to the often violent protests that have recently shaken South Africa.'" (Spiegel On Line, 3 June)



"PEACE-LOVING" BRITAIN

"Britain signalled a new openness on nuclear weapons yesterday, revealing that its stockpile will not exceed 225 warheads, including up to 160 that are ready for action. William Hague, the Foreign secretary, said: 'We believe that the time is now right to be more open about the weapons we hold.'"(London Times, 27 May)



CHEAPENING WORLD ANNIHILATION

"The Pentagon has now told the public, for the first time, precisely how many nuclear weapons the United States has in its arsenal. That is exactly 4,802 more than we need. Last week, Secretary of Defense Robert Gates and Secretary of State Hillary Clinton testified before the Senate to advocate approval of the so-called New Start treaty, signed by President Obama and President Dmitri Medvedev of Russia last month. The treaty's ceiling of 1,550 warheads deployed on 700 missiles and bombers will leave us with fewer warheads than at any time since John F. Kennedy was president. Yet the United States could further reduce its reliance on nuclear weapons without sacrificing security. Indeed, we have calculated that the country could address its conceivable national defense and military concerns with only 311 strategic nuclear weapons." (New York Times, 21 May)



BETTER LATE THAN NEVER

"Nicolaus Copernicus, the 16th-century astronomer whose work was later condemned by the Catholic Church as heretical, was reburied by Polish priests as a hero yesterday, 467 years after he was laid to rest in an unmarked grave. His reburial in a tomb in the cathedral where he once served as a church canon and doctor indicates how far the church has come in making peace with the scientist whose revolutionary theory that the Earth revolves around the Sun helped to usher in the modern scientific age. Copernicus, who lived from 1473 to 1543, died as a little-known astronomer working in what is now Poland, far from Europe's centres of learning." (Independent on Sunday, 23 May)

Sunday, May 30, 2010

Pieces Together: Housing Madness (2010)

From the May 2010 issue of the Socialist Standard


HOUSING MADNESS

"Charities are demanding an urgent rethink of government housing policy after a Guardian investigation found that almost half a million homes are lying empty in the UK enough to put a roof over the heads of a quarter of the families on council house waiting lists. The startling picture of neglect (we estimate that more than 450,000 properties have been empty for at least six months at a time when there is an acute housing shortage) was pieced together using information gathered from local councils under the Freedom of Information Act" (Guardian, 4 April).


TAX DODGERS INC.

"As you work on your taxes this month, here's something to raise your hackles: Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do – that is, if they pay taxes at all. The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion. Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%” (Forbes.com, 1 April).


BUSINESS AS USUAL

"German carmaker Daimler has pleaded guilty to corruption in the US and will pay $185m (£121m) to settle the case. The charges relate to US Justice Department and Securities and Exchange Commission investigations into the company's global sales practices. Daimler, the owner of Mercedes-Benz, admitted to paying tens of millions of dollars of bribes to foreign government officials in at least 22 countries" (BBC News 1 April).


THIS SPORTING LIFE

"Thousands of homeless people are being forced off the streets of South Africa to hide the scale of poverty there from World Cup fans. More than 800 tramps, beggars and street children have already been removed from Johannesburg and sent to remote settlements hundreds of miles away. And in Cape Town, where England face Algeria on June 18, up to 300 have been moved to Blikkiesdorp camp where 1,450 families are crammed in a settlement of tin huts designed for just 650 people. Johannesburg councillor Sipho Masigo was unrepentant. ‘Homelessness and begging are big problems in the city,’ he said. ‘You have to clean your house before you have guests. There is nothing wrong with that’" (Daily Mirror, 28 March).

Friday, March 12, 2010

Pieces Together (2010)

From the March 2010 issue of the Socialist Standard


PEACE PRIZE ?

"President Obama is planning to increase spending on America's nuclear weapons stockpile just days after pledging to try to rid the world of them. In his budget to be announced on Monday, Mr Obama has allocated £4.3billion to maintain the U.S. arsenal - £370million more than George Bush spent on nuclear weapons in his final year. The Obama administration also plans to spend a further £3.1billion over the next five years on nuclear security. The announcement comes despite the American President declaring nuclear weapons were the ‘greatest danger’ to U.S. people during in his State of the Union address on Wednesday. And it flies in the face of Obama’s Nobel Peace Prize, awarded to him in October for ‘his extraordinary efforts to strengthen international diplomacy and cooperation between peoples’." (Daily Mail, 29 January)


DEBT RIDDEN BRITAIN

"There has been a huge rise in the amount of money that banks are writing off as bad debts on their credit cards. Bank of England figures show that the total value of the write-offs doubled to £1.6bn in the third quarter of 2009. In each of the two preceding quarters, the figure had been about £800m. It totalled £3.2bn during 2008. The figures reflect the impact of the recession and are an acknowledgement by the banks that the money will never be repaid by defaulting borrowers. By contrast, the value of mortgages written off in 2008 was just £408m, and has averaged £260m in each of the first three quarters of 2009." (BBC News, 19 January)


THE GAP WIDENS

"The richest 10% of the UK population are now more than 100 times as wealthy as the poorest 10%, according to the Anatomy of Economic Inequality. The study shows that by 2008 Britain had reached the highest level of income inequality since soon after the second world war. Household wealth (including cars and other possessions of the top 10% amounts to £853,000 or more, while the poorest 10% amass £8,800 or less." (Observer, 31 January)


"CARING" CAPITALISM

Lt. Gov. Andre Bauer has compared giving people government assistance to "feeding stray animals." Bauer, who is running for the Republican nomination for governor (of South Carolina), made his remarks during a town hall meeting in Fountain Inn that included state lawmakers and about 115 residents. "My grandmother was not a highly educated woman, but she told me as a small child to quit feeding stray animals. You know why? Because they breed. You're facilitating the problem if you give an animal or a person ample food supply. They will reproduce, especially ones that don't think too much further than that. And so what you've got to do is you've got to curtail that type of behavior. They don't know any better," Bauer said." (Greenville News, 23 January)