SOMETIMES, crises are the best way to force through change. Take what has happened to the US car industry. I wish the US government hadn’t bailed out General Motors; governments should not be in the business of helping individual firms in this way. The assistance helped GM’s remaining employees but it unfairly put other companies at a competitive disadvantage, including Ford, Toyota and others who had done all the hard work to put their own houses in order. Putting that crucial point aside, however, at least GM was transformed during its bankruptcy phase, with factories shut and ridiculously generous union-negotiated wage and pension costs cut to more realistic levels. The firm now makes money on every car it sells, rather than losing a packet.The IPO values GM at about $63bn. Roughly $23.1bn will have been raised, the biggest public offering in history, eclipsing the $22.1bn raked in by Agricultural Bank of China in July. This is an astonishing turnaround from GM’s near-death experience in 2008. Its rescue left the US Treasury with a 61 per cent stake, cut to 33 per cent yesterday. At $33 a share, the partial sale represents a loss of $9bn on taxpayers’ original investments; however, the soaring share price means that they could still quite easily break even on the deal over time. GM’s transformation – it has, of course, still a long way to go – is a perfect case study of how a crisis can transform a seemingly untransformable organisation and thus end up being beneficial.In a similar fashion, the British government ought to have made use of the Irish crisis to push through real change in the EU and force a renegotiation of the Treaties to allow the UK to extricate itself of those bits that it doesn’t like. Prior to the election, the Tories said they wanted to repatriate some powers from Brussels to Westminster, including on social policy. Depressingly, the trend since the election has been entirely the other way, with European institutions cracking down on the City like never before. The government has blown a once-in-a-decade opportunity to reverse this nonsense. Eurorealist Tories have been defeated by unthinkingly pro-EU elements within the coalition.One change which the crisis mustn’t trigger is the abolition of Ireland’s 12.5 per cent rate of corporation tax. Competition between nations for capital, labour and corporate HQs is a good thing. The French and Germans hate it, because they want to keep taxes higher; they would rather create a cartel of high-tax nations. If Ireland were forced to give up what is one of its few successful policies, it is finished as an economy. Hiking corporation tax wouldn’t even raise any money. Firms that have relocated to Dublin would simply up sticks again and move somewhere else; they won’t return to high tax countries. There are more low tax jurisdictions than ever, not least the up and coming global financial centre that is Singapore.The Eurozone’s existential crisis won’t end with Ireland’s bailout. It will be merely delayed. Ireland can be saved. This may not be true of some other Eurozone countries; their day-to-day non-banking budget deficit are much larger and their economies less competitive. Another bailout of another small country a few months down the line would start to stretch the EU and IMF’s ability to cope. The real worry is whether Spain or Italy will eventually lose the markets’ confidence. Britain desperately needs to turn this crisis to its advantage. [email protected] KCS-content whatsapp Crisis must be used to force change Thursday 18 November 2010 8:54 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Share Show Comments ▼ whatsapp Tags: NULL
Transnational Corporation of Nigeria PLC (TRANSC.ng) listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2018 abridged results.For more information about Transnational Corporation of Nigeria PLC (TRANSC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Transnational Corporation of Nigeria PLC (TRANSC.ng) company page on AfricanFinancials.Document: Transnational Corporation of Nigeria PLC (TRANSC.ng) 2018 abridged results.Company ProfileTransnational Corporation of Nigeria Plc is a diversified conglomerate with business interests in the power generation, hospitality, agriculture and oil and gas sectors. It owns and operates Transcorp Hilton Hotel in Abuja and Transcorp Hotel in Calabar. In the agriculture sector, the company produces orange and pineapple concentrates, mango puree and orange peel oil. It also grows food crops and fodder crops. In the energy sector, the company is involved in upstream petroleum development and has interests in exploring, refining and marketing oil and gas. Other business interests include generating electric power; maritime operations and supplying products for the mining and construction sectors which includes stone, sand, lime and iron. Transnational Corporation of Nigeria Plc’s head office is in Lagos, Nigeria. Transnational Corporation of Nigeria Plc is listed on the Nigerian Stock Exchange
Internet awards Howard Lake | 21 June 2001 | News 13 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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. There are several Internet award programmes currently underway. While only one has an award category for charities’ Web sites in particular, you could still enter for best resource, best portal, best Web marketing campaign, and so on.There are several Internet award programmes currently underway. While only one has an award category for charities’ Web sites in particular, you could still enter for best resource, best portal, best Web marketing campaign, and so on.If you feel some recognition for your online fundraising is overdue, visit The Future UK Internet Awards 2001 (free entry), the Internet Business Awards 2001 (£100 entry fee), and Yell Awards (free entry, and a best charity site category). Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
Howard Lake | 17 November 2017 | News Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8 176 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8 Charity data specialist EDM Media UK has become one of the first organisations to pass the DMA’s new data compliance audit.Following a pilot in 2016, the audit was rolled out by the DMA this year to ensure high operational and compliance standards among data businesses, and applies specifically to the buying and management of data. It is an update to the DMA’s existing compliance process that all members must go through to ensure that their practices are in line with the DMA Code. Members that buy and manage data are now required to undergo the audit as their membership comes up for renewal.The audit covers areas including when and where data was collected, consent, opt-in statements and privacy policies, security, TPS screening procedures and other suppression processes. Once audited, organisations are covered for three years or until significant change occurs within their business.Suzanne Lewis, Managing Director of EDM Media UK said:“Data protection compliance covers a vast number of areas and intricacies, it can be difficult for charities to achieve fully without help from data experts. The upcoming GDPR makes getting it right ever more imperative.“The DMA’s audit is a rigorous process in itself and passing it means our partners and clients can have complete confidence in our standards and our ability to help them with their own data compliance. We are delighted to be one of the very first data businesses to receive this accreditation.” 175 total views, 1 views today EDM Media UK one of first to pass new DMA data compliance audit Tagged with: data DMA 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.
Mayana Ashley-Carner is a student at Community College of Philadelphia and a candidate with Workers World.Photo Credit: Credit: Joe PietteFacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this By Mayana Ashley-Carner On Dec. 12, 2015, politicians and world leaders signed the Paris Agreement, an international pledge to reduce greenhouse gas emissions to decrease the effects of climate change. But as climate activist Greta Thunberg reported in a recent video, data shows that the past five years have been the hottest on record. (tinyurl.com/yymlgkrd)Philadelphia youth march during Climate Strike on Sept. 20, 2019.The Paris Agreement isn’t nearly enough to combat climate change to the extent necessary for the continuation of human life. It does not bode well for the accord that Exxon Mobil Corporation, which stated its support for the Paris Agreement, remains one of the world’s largest producers of greenhouse gases. Although reducing greenhouse gas emissions is vital for human survival, the Paris Agreement is used by politicians and corporations as a facade to hide their continuous fossil fuel emissions behind the guise of green policy.President Trump’s formal U.S. withdrawal from the Paris Agreement took place Nov. 4, but President-elect Joe Biden plans to reenter it in 2021 as part of his administration’s climate change policies. However, Biden’s reentry into the Paris Agreement is no sign of a strong commitment to stop climate change on his part. Biden’s plan to combat climate change can be described as weak at best. On his campaign website, he calls for a “clean energy revolution.” Yet much like Exxon Mobil’s “support” for the Paris Agreement, the Biden campaign’s linguistic choice is simply a facade designed to deceive the public into thinking he will fight for a liveable future for the working class. Biden’s campaign was funded by billionaires and super PACs, meaning his vested interest is in upholding the conditions that make his donors money — capitalist conditions that exploit the working class are dangerous for the environment.Many of Biden’s Cabinet picks were closely affiliated with Biden and former president Barack Obama during his administration, which proved weak on combating climate change. Biden’s domestic climate advisor, Gina McCarthy, is a former head of the Environmental Protection Agency, which colossally failed to respond to the Flint water crisis under her tenure.Biden is being praised for diversity in the race and gender of his Cabinet picks, but although he may have picked women and people of color to fill his Cabinet, this diversity is simply an example of the administration obscuring its moderate policies. Biden promised a Cabinet that “looks like America,” but his catchphrases should not deceive people into thinking he’s doing what is good for us. Biden hasn’t even signed on to the Green New Deal, which in and of itself is nowhere near enough to end climate change. Only with the abolition of capitalism can we stop the assault on the atmosphere, the oceans and all of nature.Capitalism alienates humans from natureThe German philosopher Georg Hegel held that humankind is the spirit of god alienated from itself. The German philosopher Ludwig Feuerbach responded to this claim by reversing it — maintaining that god is the spirit of man alienated from itself. When humans project an idealized version of themselves into heaven and worship it as god, Feuerbach claimed, they alienate themselves from themselves. When humans accredit human history and development to a heavenly being, as opposed to our earthly existence, we create a type of alienation — alienation from the Earth. What’s good for humans and what’s good for nature are falsely seen as separate things. This alienation of humankind from Earth is the dichotomy that justifies capitalist devastation of the Earth.Essentially, separation from the Earth is fundamental to the conditions that created capitalism. Abolishing capitalism is coextensive with negating the alienation between human interests and the interests of the environment — of nature itself, of which humanity is part. Furthermore, Marx expanded upon this theory of Feuerbach’s and applied it to the political realm to analyze other types of alienation. One example is the alienation of workers from the labor we sell to the capitalist class. This theoretical perspective is relevant now more than ever. Although Greta Thunberg was born more than a century after Marx died, the activist’s urgent calls to action reflect the alienation Feuerbach and Marx wrote about so many years ago. Joining the Paris Agreement is not enough to stop climate change. Only a Marxist analysis of capitalist alienation, and subsequent struggle to negate said alienation, can reconnect humans with the Earth and eliminate the alienation between what is good for humans and what’s good for the environment.
Previous articleHoroscope: March 18, 2021Next articleHoroscope: March 19, 2021 Lindsey Bakonyi RELATED ARTICLESMORE FROM AUTHOR Facebook Lindsey Bakonyihttps://www.tcu360.com/author/lindsey-bakonyi/ ReddIt Lindsey Bakonyi TCU Frog Camps returning to more traditional look this summer ReddIt Lindsey Bakonyihttps://www.tcu360.com/author/lindsey-bakonyi/ Lindsey Bakonyihttps://www.tcu360.com/author/lindsey-bakonyi/ Linkedin Twitter + posts Linkedin Welcome TCU Class of 2025 TCU places second in the National Student Advertising Competition, the highest in school history printThe start of Lent – the 40 days before Easter – is typically marked with prayer and ashes. This year, however, Ash Wednesday was met with COVID-19 restrictions and in Texas, a winter storm that left more than 2 million without power that day. Despite the initial hurdles, some TCU students are still observing the season. Lent began on February 17, 2021, and ends Saturday, April 3, 2021 this year. Organizations around TCU such as TCU Catholic and TCU Student Ministry are continuing to honor Lent by hosting weekly worship events such as Mass and Bible studies. While some students are struggling to celebrate Lent while away from their families, others say that they aren’t forgetting the importance of the season. “For me, Lent is reflecting on myself and how I can strengthen my relationship with God,” Keelin Degeorge, a TCU junior business major said.Degeorge said although it is harder to put aside time to focus on her faith while at school, she tries the best she can because she knows how important faith is in her life. TCU junior political science major Elle Eckersall also explained why Lent is so important to her.“It is a period of reminding myself of what I am rooted in and choosing to make sacrifices,” Eckersall said. “It reminds me of my purpose here in this world and brings me back to what truly matters.” Whether it be going to weekly religious celebrations to celebrate the season of Lent, or simply doing something more personal, Lent is still easily celebrated in some student’s lives.“This year I am honoring Lent by adding something that requires self-discipline into my life and taking time each day to reflect on the grace I have been given to live this life here on earth,” Eckersall said. Eckersall explained that as the Easter holiday gets closer, she pushes herself to read bible passages that describe the events leading up to Christ’s sacrifice on the cross to remind her how grateful she is and what truly matters in her life. With the Easter holiday quickly approaching, students like Eckersall and Degeorge are making sure they remember the true importance of the season and what it means to them. Facebook Lindsey Bakonyihttps://www.tcu360.com/author/lindsey-bakonyi/ First-year experience at TCU TCU baseball finds their biggest fan just by saying hello Twitter World Oceans Day shines spotlight on marine plastic pollution TCU student helps open up a new coffee shop in Fort Worth The Robert Carr Chapel at TCU. (Heesoo Yang/Staff Photographer)
Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines, News Total Refinance Volume Fell According to Recent Report Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily About Author: Brianna Gilpin Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Federal Housing Finance Agency refinancing 2017-06-15 Brianna Gilpin The Best Markets For Residential Property Investors 2 days ago Related Articles June 15, 2017 1,341 Views The Federal Housing and Finance Agency released their April 2017 Refinance Report Thursday showing falling total refinance volume as mortgage rates in March remained higher than the lows observed in 2016. Overall, mortgage rates decreased in April with the average 30-year fixed being 4.05 percent, down from 4.20 percent in March.HARP, which was established in 2009 to help those who couldn’t refinance due to decline in home value, was designed to give borrowers a chance to refinance by permitting the transfer of existing mortgage insurance to their newly refinanced loan, or allowing those without mortgage insurance on their previous loan to refinance without obtaining new coverage.HARP had 3,493 refinances in April—which brings the total refinances from the inception of the program to 3,464,589. This represented 3 percent of total refinance volume. 6 percent of the loans refinanced through HARP had a loan-to-value ratio greater than 125 percent.According to FHFA, borrowers with loan-to-value ratios greater than 105 percent accounted for 19 percent of the volume of HARP loans year-to-date through April 2017. Twenty-five percent of HARP refinances for underwater borrowers year-to-date were for shorter term 15- and 20-year mortgages, which build equity faster than traditional 30-year mortgages. Refinances through HARP represented 6 or more percent of total refinances in Nevada and Florida—double the 3 percent of total refinances nationwide over the same period.Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program, according to the FHFA. Ten states in the U.S. accounted for over 60 percent of the Nation’s HARP eligible loans with a refinance incentive as of December 31, 2016. These states include Florida, Illinois, Michigan, Ohio, Georgia, Puerto Rico, Pennsylvania, New Jersey, New York, and Alabama. The national total of HARP eligible loans with refinance incentive was 137,594. Tagged with: Federal Housing Finance Agency refinancing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Most Buyers Unfazed by Rate Hikes, Inventory Continues Dropping Next: Freddie Mac Slaps a Price Tag on STACR Deal The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Total Refinance Volume Fell According to Recent Report Data Provider Black Knight to Acquire Top of Mind 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Demand Propels Home Prices Upward 2 days ago Subscribe
A regulatory threshold that’s been in place for nearly a quarter of a century could be shifting soon. The FDIC, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency are jointly issuing a notice of proposed rulemaking (NPR) and inviting public comment during a 60-day window after the notice is published in the Federal Register.The notice, entitled Real Estate Appraisals, proposes increasing the threshold for residential real estate transactions that require an appraisal from $250,000 to $400,000. This would be the first such alteration to that threshold since 1994. According to the joint joint statement released by the agencies, “Consistent with the requirement in the appraisal regulations for other transactions below their threshold exemptions, regulated institutions would be required to obtain an appropriate evaluation of the real property collateral that is consistent with safe and sound banking practices for transactions exempted as a result of the proposed threshold.”The NPR would also “add certain transactions secured by residential property in rural areas that have been exempted from the appraisal requirements pursuant to section 103 of the Economic Growth, Regulatory Relief and Consumer Protection Act to the list of exempt transactions in the appraisal regulations.” The proposed rule would require evaluations for this type of transaction.The proposed rule would also require regulated institutions to “subject appraisals for federally related transactions to appropriate review for compliance with the Uniform Standards of Professional Appraisal Practice,” in keeping with changes instituted by the Dodd-Frank Wall Street Reform and Consumer Protection Act.You can read the full NPR by clicking here.Jeff Dickstein, Chief Compliance Officer for Pro Teck Valuation Services, explored some of the ways the Dodd-Frank Act has impacted the appraisal industry in his October DS News feature entitled “The Unforeseen Consequences of Dodd-Frank.”“While Dodd-Frank was passed in 2010, the collection of fees and the creation of the National AMC Registry didn’t go into effect until August 10, 2018. In those eight years, lawmakers at the state and federal levels haven’t been able to amend state laws to collect the fees, and the federal government hasn’t revisited what to do with the surplus,” Dickstein wrote. “As a result, 26 states have applied for and been granted a one-year extension to comply with the program.”You can read that full article online for free by clicking here, and check out all of DS News’ back issues online for free in our digital archive. David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] in Daily Dose, Featured, Government, Journal, News The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton Appraisals Dodd-Frank Economic Growth Regulatory Relief and Consumer Protection Act FDIC Federal Reserve notice of proposed rulemaking OCC 2018-11-21 David Wharton Home / Daily Dose / Appraisal Threshold for Residential Real Estate Loans Could Shift Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: FHFA Amends Affordable Housing Regs Next: Is the American Middle-Class Hurting? Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Appraisals Dodd-Frank Economic Growth Regulatory Relief and Consumer Protection Act FDIC Federal Reserve notice of proposed rulemaking OCC Sign up for DS News Daily Appraisal Threshold for Residential Real Estate Loans Could Shift Demand Propels Home Prices Upward 2 days ago Print This Post November 21, 2018 3,379 Views Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe
Gulfport Police Department(BILOXI, Miss.) — An on-duty police officer was shot and killed outside a station house in Biloxi, Miss.The officer, who hasn’t yet been identified, was shot multiple times late Sunday night by a suspect who escaped, James Griffin, a spokesperson for the Gulfport Police Department, confirmed to ABC News.The male suspect is described as thin, 5-foot-7 to 5-foot-10, and wearing a black T-shirt, navy shorts and a red skull cap.No additional information on the circumstances surrounding the shooting, such as whether it was targeted, was immediately available, according to authorities.Biloxi police have asked the Gulfport PD to take over the investigation.Copyright © 2019, ABC Radio. All rights reserved.