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first_img Show Comments ▼ US watchdog proposes swap trader regulations KCS-content Wednesday 1 December 2010 8:23 pm whatsapp Congress meant this clause to avoid a repeat of AIG’s failure, caused by swaps and high leveraging. center_img whatsapp Share THE US futures regulator unveiled yesterday a key piece of its plan to toughen rules on trading in the vast swaps market, making clearer which firms will have to set aside more funds to cover their deals.After last-minute wrangling that underscored the strain facing agencies trying to implement the biggest financial regulatory overhaul since the Great Depression, the proposal defined which firms will be subject to capital and margin requirements as swap dealers and major swaps participants.An exempt commodity must have a book value less than $100m (£64m), have fewer than 15 swap counterparties, and less than 20 swaps as a dealer in less than a year. It is expected that only certain commodity hedgers can enter into swap agreements.The law also defines a “major swap participant”, or firms with large swap positions. The law also gives major swap participants status to participants with “substantial counterparty exposure” that may cause economic risk. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Tags: NULLlast_img read more


first_imgStandard Chartered Bank Ghana PLC (SCB.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2011 abridged results.For more information about Standard Chartered Bank Ghana PLC (SCB.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Standard Chartered Bank Ghana PLC (SCB.gh) company page on AfricanFinancials.Document: Standard Chartered Bank Ghana PLC (SCB.gh)  2011 abridged results.Company ProfileStandard Chartered Bank Ghana PLC is a financial services institution in Ghana offering banking products and services to the retail, commercial and corporate, and institutional sectors. Its full-service product offering ranges from transactional accounts and electronic banking services to foreign exchange and currency accounts, trade and working capital solutions, international trade accounts and personal overdraft and unsecured loans. The company also provides bancassurance and asset protection services. Standard Chartered Bank Ghana PLC operates a network of 27 branches and 56 ATMS in the major towns and cities of Ghana. The company was founded in 1896 making it one of the oldest financial institutions in West Africa. Standard Chartered Bank Ghana PLC is a subsidiary of Standard Chartered Holdings (Africa) BV. Its head office is in Accra, Ghana. Standard Chartered Bank Ghana PLC is listed on the Ghana Stock Exchangelast_img read more


first_img Featured Events 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 Press Release Service Tags Assistant/Associate Rector Morristown, NJ Bishop Diocesan Springfield, IL The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Martinsville, VA Curate Diocese of Nebraska Anglican Communion, Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector (FT or PT) Indian River, MI Rector Tampa, FL Rector Belleville, IL Family Ministry Coordinator Baton Rouge, LA Rector Collierville, TN Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest First students graduate from St. Frumentius’ Theological College in Ethiopia Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Canon for Family Ministry Jackson, MS AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Associate Rector Columbus, GA Assistant/Associate Rector Washington, DC An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Director of Music Morristown, NJ Priest-in-Charge Lebanon, OH Youth Minister Lorton, VA Rector/Priest in Charge (PT) Lisbon, ME This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Curate (Associate & Priest-in-Charge) Traverse City, MI Rector and Chaplain Eugene, OR Rector Shreveport, LA Rector Bath, NC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Assistant/Associate Priest Scottsdale, AZ Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Pittsburgh, PA In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem [Anglican Communion News Service] An Anglican theological college established in the Gambella region of Ethiopia is celebrating after its first group of students completed the three-year course and collected their qualifications. Two of the seven graduates of the St. Frumentius’ Anglican Theological College are refugees and the others are from two different ethnic groups that have a history of conflict. At several points over the past three years, high levels of ethnic tensions in the Gambella region made it unsafe for students to meet on campus together.Read the full article here. Rector Smithfield, NC Associate Rector for Family Ministries Anchorage, AK Rector Hopkinsville, KY New Berrigan Book With Episcopal Roots Cascade Books 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 Director of Administration & Finance Atlanta, GA Priest Associate or Director of Adult Ministries Greenville, SC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Featured Jobs & Calls Rector Knoxville, TN The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Submit a Job Listing Submit an Event Listing Submit a Press Release Course Director Jerusalem, Israel Missioner for Disaster Resilience Sacramento, CA Cathedral Dean Boise, ID Theological Education Associate Priest for Pastoral Care New York, NY Rector Albany, NY Africa, Posted Aug 15, 2018 Rector Washington, DClast_img read more


first_imgTuesday Apr 15, 2014 Marcelo Bosch takes over from Owen Farrell to land huge penalty kick Marcelo Bosch played his part as Saracens extended their lead at the top of the Aviva Premiership table by beating Northampton Saints 28-24 on Sunday. Bosch scored one of three tries, but this massive penalty from about 58m out impressed the most.It’s not the biggest ever seen – Francois Steyn of the Sharks did the same thing twice at the weekend – but the casual strike from Bosch and the way it sailed through was something to behold.Argentine Bosch took over from Farrell when the long distance kick opportunity arose. The England flyhalf didn’t emerge after half time, instead ending up on crutches with a foot injury.“Owen Farrell will resume training towards the end of this week,” said a Saracens statement today. “The Saracens and England fly-half sustained a foot injury during the match against Northampton Saints on Sunday, but scans have indicated no serious damage.”You can view the official highlights wrap on the next page, which includes Bosch’s try and another look at the 58m kick. It also features a fantastic team effort that was eventually finished by flanker Kelly Brown, after hooker Schalk Brits handled the ball twice and carved up the midfield.You can view more famous long range kicks in the Related Posts belowADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error See it to Believe it Related Articles 25 WEEKS AGO WATCH: Experts explain what actually happens… 26 WEEKS AGO WATCH: Leigh Halfpenny makes yet another… 26 WEEKS AGO Parisse alley-oop magic sets up brilliant… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life Reports30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more


first_img “COPY” Houses A·2 / buerger katsota architectsSave this projectSaveHouses A·2 / buerger katsota architects Houses CopyHouses, Adaptive Reuse•Paros, Greece “COPY” Architects: buerger katsota architects Area Area of this architecture project Photographs Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/902939/houses-a-star-2-buerger-katsota-architects Clipboard Projects CopyAbout this officebuerger katsota architectsOfficeFollowProductsWoodStoneConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentAdaptive reuseParosOn InstagramGreecePublished on October 01, 2018Cite: “Houses A·2 / buerger katsota architects” 01 Oct 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsGlassMitrexSolar GreenhouseMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialCoffee tablesFlexformCoffee Table – GipsyCurtain WallsIsland Exterior FabricatorsPace Gallery Envelope SystemWoodSculptformTimber Battens in Double Bay HouseStonesCosentinoSilestone and Dekton in Villa OmniaBricksNelissenInner Wall Bricks – LückingPanels / Prefabricated AssembliesULMA Architectural SolutionsAir Facade PanelsWoodBlumer LehmannData Processing for Wood ProjectsEducational ApplicationsFastmount®Hidden Panel Fastener at Massey UniversitySealants / ProtectorsTOPCRETMicro-Coating – Baxab®More products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ArchDaily Photographs:  Yiorgis YerolymbosStructural Engineers:P. Panagiotopoulos & AssociatesEngineers:Clima Therma, D.P. Kryfos & AssociatesLandscape Design:Greenways Hellas Landscape ArchitectureSite Management:Stamatis DelaviniasDesign Team:Stephan Buerger, Demetra Katsota, Maria Chassioti, Georgios Kourakos, Klelia SiskaCity:ParosCountry:GreeceMore SpecsLess SpecsSave this picture!© Yiorgis YerolymbosRecommended ProductsWindowsAir-LuxSliding Window – CurvedWoodLunawoodThermowood FacadesWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40DoorsRabel Aluminium SystemsMinimal Sliding Door – Rabel 62 Slim Super ThermalText description provided by the architects. On the Cycladic island of Paros, within an area under natural protection, the conversion of two degraded 8-room rental studio complexes into two quality holiday residences required careful renegotiations on several scales and architectural dials.Save this picture!© Yiorgis YerolymbosThe proposed scheme, with regards to massing and articulation, combines proportions and composition of cubic volumes, repetition and standardization of openings, generous outdoor shaded spaces and the use of environmentally sound materials in order to redefine the complexes’ expression, achieve a plasticity of form but also an architectural unity that respects Cycladic architecture, adopts to the landscape and responds to the demands for contemporary holiday living.Save this picture!© Yiorgis YerolymbosEach building is rearticulated as an assemblage of cubic volumes upon an expressed ‘base’ -a platform- that negotiates the harmonious adaptation into the landscape. At three meters above the ‘base’, a timber pergola with cantilevering slender beams creates shaded, comfortable and wind-protected areas, for lounging and sun bathing, showering, dining and food preparation ensuring all-day, outdoor living.Save this picture!© Yiorgis YerolymbosThe ‘private’ spaces are accommodated on the ground level facing south and taking advantage of the views towards the sea and the level access onto the ‘base’. A central, fully glazed common space is created as an extension of the outside but also as an indoor continuation of the pergola, allowing the landscape to form a dynamic, alternating, double-aspect presence.Save this picture!© Yiorgis YerolymbosThe common living, dining and kitchen areas as well as an independent guestroom are accommodated on the upper level taking advantage of the panoramic views from both the interior and the generous terraces. In-between the common spaces and the guestroom, a protected outdoor seating and dining area with a barbecue is created.Save this picture!© Yiorgis YerolymbosSave this picture!Ground floorSave this picture!© Yiorgis YerolymbosFor the unbuilt areas of ​​the plot, mild interventions in combination with the intensification of the existing vegetation aim to enhance the sense and quality of the natural Cycladic landscape.Save this picture!© Yiorgis YerolymbosProject gallerySee allShow lessThe Tools You Need to Easily Meet BIM MandatesArticlesIt Goddeloas Fiersicht / NEXT architectsSelected Projects Share 2017 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/902939/houses-a-star-2-buerger-katsota-architects Clipboard Houses A·2 / buerger katsota architects Area:  500 m² Year Completion year of this architecture project Save this picture!© Yiorgis Yerolymbos+ 22Curated by María Francisca González Share Greecelast_img read more


first_img Photographs United States “COPY” 2020 “COPY” ArchDaily Dutchess County Studio / GRT Architects Projects Area:  850 ft² Year Completion year of this architecture project Architects: GRT Architects Area Area of this architecture project Housescenter_img Photographs:  Ithai Schori Manufacturers Brands with products used in this architecture project Manufacturers: KAZA, Kast, The Watermark Collection TWC, WorksteadDesign Team:Rus Mehta, Tal Schori Partners, Nathan Geller, Andrew BarkhouseStructural Engineer:Ed Stanley EngineeringMillworker:Simon HamuiCity:AmeniaCountry:United StatesMore SpecsLess SpecsSave this picture!© Ithai SchoriRecommended ProductsMetallicsStudcoWall Stop Ends – EzyCapRenders / 3D AnimationEnscape3D Real-Time Rendering SoftwareDoorsSolarluxBi-Folding Doors – EcolineDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ArcText description provided by the architects. GRT Architects designed a studio in Dutchess County, New York for Manhattanites considering a move. Living and working in a large city inevitably involves conversations about leaving it. Our clients raised their children in the Frank Lloyd Wright-planned Usonia community and then moved to Manhattan as their nest emptied. Looking to retirement and grandchildren they found twenty-four pastoral acres on a lake in Dutchess county, yet remained apprehensive about full-time relocation.Save this picture!© Ithai SchoriWe proposed to start by building a small studio that would let the clients develop a feel for the land before committing further. In order to locate the studio, we needed to create a master plan. Doing so meant creating schematic designs for a three-bedroom house, workshop, swimming pool, fire pit, and dock then laying them out to share utilities sized to serve all including a common drive, septic system, well, and electrical service. We located the studio where it would have a view but not be the view.Save this picture!© Ithai SchoriSave this picture!Site planSave this picture!© Ithai SchoriWe composed three equally sized volumes in a pinwheel to create an 800 square foot open plan studio. Each mass has an identical roof atop a beak-like clerestory window but asymmetry was introduced in response to the site. The masses meet at a center point, marked by the pinwheel intersection of three steel beams but the interior is conceived as three subtly implied rooms, each oriented each to a different view. The southern mass steps down to follow the topography and windows are sized and located to balance views with privacy. Built-in elements perform many of the roles walls normally would, implying rooms without dividing the space and creating areas for cooking, living, and sleeping.Save this picture!© Ithai SchoriA murphy bed in the living space allows for guests while tall closets in the sunken sleeping space create some privacy between them and the owners. The studio is heated and cooled without the use of fossil fuels, using a radiant concrete slab and air conditioning concealed above the only ‘true’ room – the bathroom. The bathroom walls are tinted waterproof plaster executed in Moroccan tadelakt and the floor carries the triangle motif forward with custom terrazzo tiles. The counters are also in custom terrazzo, fabricated by Kaza Concrete who also produce GRT’s Flutes & Reeds line of concrete tiles.Save this picture!© Ithai SchoriOutside, the studio is clad in textured black brick, a material that plays optical tricks depending on lighting, sometimes flattening the complex mass into a single plane. The roof is clad in natural cedar shakes with copper trim intended to add a warmer aspect to the design.Save this picture!© Ithai SchoriSave this picture!© Ithai SchoriThe owners have greatly enjoyed the studio and asked us to proceed with other elements of the master plan including the pool, dock, and workshop. Grandchildren are expected in late 2020 and planning for the home is underway.Save this picture!© Ithai SchoriProject gallerySee allShow lessSen Retreat Takahara / KURU + Coil Kazuteru Matumura ArchitectsSelected ProjectsRepública Rosa Boutique Hotel / nicolas&nicolasSelected Projects Share Save this picture!© Ithai Schori+ 21Curated by Paula Pintos Share Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952065/dutchess-county-studio-grt-architects Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952065/dutchess-county-studio-grt-architects Clipboard Dutchess County Studio / GRT ArchitectsSave this projectSaveDutchess County Studio / GRT Architects CopyHouses•Amenia, United States CopyAbout this officeGRT ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookAmeniaUnited StatesPublished on November 26, 2020Cite: “Dutchess County Studio / GRT Architects” 25 Nov 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save想阅读文章的中文版本吗?交错风车工作室 / GRT Architects是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more


first_img Howard Lake | 25 May 2004 | News Kintera’s Friends Asking Friends fundraising increases 400% in a year AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Digital Events Giving/Philanthropy Research / statistics Volunteering US online fundraising company Kintera has reported that volunteer fundraisers using its “Friends Asking Friends®” (FAF) solicitation service raised more than four times as much in the year to 31 March 2004 as they did in the year to 31 March 2003.Friends Asking Friends is used by volunteer fundraisers, such as donors and those taking part in sponsored events. It offers personalized websites and email services that the volunteer fundraiser can use to encourage donations from friends and family.Volunteers can find out at any time how their campaign is progressing, with real-time tracking of donations, and email response rates. Advertisementcenter_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Kintera’s FAF study was based on transactional data, including funds raised from donations and registrations, for two consecutive 12-month periods – the year to 31 March 2003, and the year to 31 March 2004. In the first period, Kintera serviced 1,559 campaigns including 1,139 that used FAF; the second period had 4,713 campaigns including 3,352 that used FAF. The amounts given in the study are not the total amounts raised by these campaigns, but rather the amounts raised, both online and offline, using Kintera’s services. In the year to 31 March 2004, campaigns using Kintera’s FAF services raised $192 million, of which $48 million (25%) was donated online. In the year to 31 March 2003, the figures were $93 million total and $12 million (12.6%) online. The amount raised both online and offline by volunteers who used FAF to solicit increased from $14 million 2003 to $61 million in 2004. Of these, the amounts donated online were $8 million in the first period and $32 million in the second period.Volunteers using FAF received on average one donation for every 4.2 FAF solicitation emails sent during 2003, and increased to one per 3.5 emails sent during 2004.The success of Friends Asking Friends underpins a steep rise in the amount raised using Kintera services. All nonprofit campaigns using Kintera services for the year to 31 March 2004 raised $230 million, compared to $101 million in the same period a year earlier.  25 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more


first_imgJan. 5 — For tens of millions of members of the working class in the United States, a car is a necessity. They have no access to reliable public transportation to get to work, shop, go to school, see a doctor or get a little recreation.For the multinational working class, and especially the unemployed or those stuck in low-wage and part-time jobs, the recent drop in gasoline prices has come as welcome relief.However, the impact of this steep decline cuts many ways.The price of oil has long been considered volatile, especially in comparison to the prices of commodities like automobiles and housewares. However, the decline over the last six months is of historic proportions. The benchmark figure, based on the price of Brent crude oil, has dropped by more than half, from $117 a barrel in June to $53 a barrel as of Jan. 5.Biggest drop since 2008This is the biggest drop in oil prices since the economic crisis of 2008-09, when the collapse of the housing bubble in the U.S. triggered a financial crisis that swept throughout the capitalist world.While Wall Street recovered from that crisis — thanks to the infusion of over a trillion dollars of government money into the major banks and other financial entities — there has never been a real recovery for the workers, in either the U.S. or many other countries. Taking into account those who can’t get full-time work or have had to drop out of the labor force, unemployment remains very high and real wages have declined, even as corporate profits and executive salaries have soared into the stratosphere.Since oil is the major source of energy in the world today, it is obvious that such a huge fluctuation in price can have a very big impact.What are the underlying factors behind this development?In the early stages of the price decline, some saw it as a manufactured phenomenon, driven by political motivation. They pointed out that the U.S. imperialists were hoping to weaken countries like Russia, Iran and Venezuela, which depend on the proceeds from state-owned oil industries to cover a very large part of their budgets.And it is true that the drop in oil prices has hit these countries very hard — especially since all three suffer from economic sanctions imposed by the imperialists.Such an explanation, however, cannot account for the deep, tectonic shift in prices that continues to shake up the whole capitalist world market.This view also assumes a degree of control over the market that is not possible under the capitalist system — not by individual capitalists, groups of capitalists, or even the governments and international bodies that serve their interests.Capitalism cannot be controlledCapitalism is an economic system that is driven by forces beyond the control of the capitalists themselves. Like the sorcerer’s apprentice, the capitalist class unleashes the forces of production, which then take on a life of their own.The capitalist market exists, in the final analysis, for just one purpose: profits for the owners of capital. These profits come from the exploitation of human labor, not from any genius on the part of the capitalists themselves. The mad scramble for profits drives the capitalists to continually invest in the means to produce more and more in order to drive out their competitors and capture the market. This eventually leads to overproduction and crisis — a condition that did not exist under previous social systems.The profits of the energy companies have been phenomenal and their political clout is prodigious. For decades, they have been able to block any meaningful international agreements or national legislation addressing the horrendous problem of climate change. Especially in the U.S., presidents and cabinets have been chosen by ruling families whose fortunes are intertwined with oil and Wall Street.But it is important to note that the rate of oil profits in relation to the cost of producing oil has been declining in recent years. In this country, the “easy oil” that once lay in great lakes at shallow depths under the earth’s surface — and was the basis for the growth of the Rockefeller oil and banking dynasty — has been largely exhausted.Nevertheless, U.S. oil and gas production has risen greatly since 2008. This growth has come largely from fracking, tar sands and offshore drilling — all of which require much greater capital investment in expensive technology than did the oil wells of the past.A glut of oil on world marketU.S. crude oil production, which had been falling for many years, has now risen from less than 7 million barrels per day in 2008 to more than 11 million barrels at the present time — most of it due to fracking. By last June, according to the International Energy Agency, the U.S. had become the world’s largest producer of oil and natural gas, exceeding Saudi Arabia and Russia.The price tag for this, however, is huge. “Annual investment in oil and gas in the country is at a record $200 billion, reaching 20 percent of the country’s total private fixed-structure spending for the first time,” wrote Bloomberg News on July 4.To recoup this huge investment, U.S. oil companies must expand their market — at the expense of their competitors.The oil industry bases its estimates of proven reserves — oil that can be harvested in the foreseeable future — on the cost of extraction. Oil that would cost more to extract than it could be sold for is not counted.In recent years, the price at which it was profitable to extract oil was put at around $80 a barrel. With the price rising to $100 a barrel or more, it became feasible for the oil companies to sink hundreds of billions of dollars into the technology needed for fracking, tar sands and offshore drilling. But if oil continues to sell for a good deal less than $80/barrel, which most economists say is likely given the world economy today, the producers have to either cut production or take a big loss.At the present time, both the U.S. and the Organization of Petroleum Exporting Countries are expanding, not reducing production. U.S. oil companies are in a commercial war, especially with Saudi Arabia and Russia, which have sunk to become the world’s second- and third-largest oil producers, respectively. This is a war to drive out the competition and dominate the world market.That is why the price of oil has fallen so low. It’s a clear case of capitalist overproduction, made worse by a slowing of the world capitalist economy.More oil than ever has been coming onto the market. At the same time, growth rates are dropping in Europe, China and other parts of the world which have been major consumers of oil. Industries are cutting back and workers are being laid off. Investment in renewable energy is also beginning to have an effect.The result is a glut of oil and a steep fall in prices.Some industries that require a lot of petroleum products, like airlines and trucking, can benefit — at least temporarily. But overall, this struggle is a symptom of a growing crisis that can drag down the whole financial architecture of the capitalist system.It is also a huge component in the aggressive war drive of U.S. big business, especially in the Middle East and Eastern Europe. And the Pentagon, it should be remembered, is the world’s largest consumer of oil.These are the material realities behind the posturing of U.S. imperialist politicians, who talk about “human rights” and “spreading democracy” while they do the bidding of the oil billionaires and try to crush the competition.Today’s demonstrators, brought into the streets by the epidemic of racist police murders in the U.S., have it right when they chant: “Bring the whole system down!”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more


first_img ASA, Others, Voice Support for TPP SHARE Facebook Twitter Home Indiana Agriculture News ASA, Others, Voice Support for TPP By Gary Truitt – Nov 12, 2015 SHARE A coalition of agriculture groups voiced support for the Trans-Pacific Partnership while meeting at the National Association of Farm Broadcasting Annual Convention on Wednesday. Led by the American Soybean Association, the groups voiced support for the 12 nation trade deal. The American Soybean Association endorsed the deal and urged Congress to quickly pass the trade pact. ASA President Wade Cowan said “we know that this will further expand our access to valuable markets in Asia and Latin America.” The TPP, if approved, will eliminate tariffs on soybeans, soybean oil and soybean meal in each of the 12 TPP nations within a set timeframe, according to ASA. Other groups offering support for the TPP includedThe National Pork Producers Council, The National Corn Growers Association, the National Cattlemen’s Beef Association, The U.S. Grains Council, the National Association of Wheat Growers and USDA’s Foreign Agriculture Service. Facebook Twitter Previous articleIndiana Farmers Focus on Field Repair After Summer FloodingNext articleMonsanto Net Income Forecast Lower Gary Truittlast_img read more


first_imgEducation Pasadena Unified Seeking Applicants for Vacant Seats on Measure TT Citizens Oversight Committee Article and Photo courtesy of PUSD Published on Wednesday, March 23, 2016 | 12:26 pm HerbeautyThis Is What Happens To Your Face After DermaplaningHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyThe Kardashians Know How To Throw A Good Party!HerbeautyHerbeautyHerbeautyEverything You Need To Know About This Two-Hour ProcedureHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeauty Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Make a comment Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News Top of the News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena The Pasadena Unified School District (PUSD) Board of Education seeks applicants to fill four vacant seats on the Measure TT Citizens’ Oversight Committee. The volunteer committee is responsible for monitoring project management and expenditures for the $350 million local school facilities bond passed by voters in November 2008.State law requires that the members of the Citizens Oversight Committee include parents, representatives from the business community, senior citizen groups, taxpayer organizations and individuals experienced in finance and construction.Applicants must complete an application available at www.measurett.org and pusd.us or the Facilities Office located at 740 W. Woodbury Road, Pasadena, CA.The application and resume must be submitted no later than 4:00 p.m. on April 4, 2016:• Via mail to Chief of Facilities, Pasadena Unified School District 740 W. Woodbury Road, Pasadena, CA 91103• Via email to [email protected] connected to the Pasadena Unified School District! Visit us online at www.pusd.us; follow us on Twitter @PasadenaUnified, www.twitter.com/PasadenaUnified; like PUSD on Facebook at www.facebook.com/PasadenaUnifiedSchoolDistrict; text PUSD to 888777; and subscribe to PUSD’s YouTube channel at www.youtube.com/klrnpasadena. Or call the Communications Office, 8:00 a.m. to 5:00 p.m., Monday through Friday at (626) 396-3606.“Our Children. Learning Today. Leading Tomorrow.”center_img Name (required)  Mail (required) (not be published)  Website  Your email address will not be published. Required fields are marked * EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Subscribe Business News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday First Heatwave Expected Next Week 0 commentsShareShareTweetSharePin it More Cool Stufflast_img read more

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