Williamson Tea Kenya Limited (WTK.ke) 2005 Annual Report

first_imgWilliamson Tea Kenya Limited (WTK.ke) listed on the Nairobi Securities Exchange under the Food sector has released it’s 2005 annual report.For more information about Williamson Tea Kenya Limited (WTK.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Williamson Tea Kenya Limited (WTK.ke) company page on AfricanFinancials.Document: Williamson Tea Kenya Limited (WTK.ke)  2005 annual report.Company ProfileWilliamson Tea Kenya Limited cultivates, manufactures and sells tea in Kenya and exports to international markets. The company operates tea farms in Changoi, Kaimosi, Kapchorua and Tinderet. It is a fifth-generation tea farming business committed to growing high quality green tea leaf and produces a selection of loose-leaf tea and loose-leaf teabags. Well-known brands in its product range include Duchess Grey, Traditional Afternoon, Lifeboat Tea, Kenya Earth, Green Earl Grey, Purple Blush, Mint Garden, Earl Grey Purple, Purple Matcha and Green Matcha. Williamson Tea Kenya Plc also has interests in property investment and has a division which sells and services generators. Williamson Tea Kenya Plc is a subsidiary of Ngong Tea Holdings Limited. The head office is in Nairobi, Kenya. Williamson Tea Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

Ghana Oil Company Limited (GOIL.gh) 2008 Annual Report

first_imgGhana Oil Company Limited (GOIL.gh) listed on the Ghana Stock Exchange under the Energy sector has released it’s 2008 annual report.For more information about Ghana Oil Company Limited (GOIL.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Ghana Oil Company Limited (GOIL.gh) company page on AfricanFinancials.Document: Ghana Oil Company Limited (GOIL.gh)  2008 annual report.Company ProfileGhana Oil Company Limited markets and distributes petroleum products in Ghana. The company markets a range of products which includes diesel, gasoline, premix, kerosene, bitumen, aviation fuel, liquid petroleum gas (LPG), lubricants, grease and special products such as brake fluids, mosquito coils and a multi-insect repellent called Goiltox. Ghana Oil Company Limited provides a bunkering service for ocean vessels as well as builds storage tanks and lays pipelines to transport fuel and LPG across Ghana and other countries in sub-Sahara Africa. Its retail division is marketed under the brand name GOIL and comprises 85 filling stations, 61 services stations and 138 consumer outlets located in major towns and cities in Ghana. Ghana Oil Company Limited targets companies, schools, hospitals, factories, hotels, banks and major parastatals. Several retail outlets have been set up to market premix fuel and kerosene to the rural areas and LPG filling stations have been installed in a few filling and service stations. Ghana Oil Company Limited is listed on the Ghana Stock Exchangelast_img read more

Should I buy GameStop and AMC stock for my ISA?

first_img “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Edward Sheldon, CFA | Thursday, 28th January, 2021 | More on: AMC GME Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Edward Sheldon has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Should I buy GameStop and AMC stock for my ISA? Like this one… US stocks GameStop (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC) have had an incredible run recently. Since 20 January, shares in the video game retailer and the cinema operator have surged 790% and 570%, respectively.Here, I’m going to explain why these shares have skyrocketed. I’ll also discuss whether I’d buy these stocks for my portfolio.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…WallStreetBets are buying GameStop and AMC stockIt’s fair to say the stories behind GameStop and AMC are quite unusual.You see, both of these stocks have been heavily shorted by hedge funds recently. This means these funds were betting that their share prices would fall. To go short, a hedge fund borrows stock from a regular ‘long’ investor and then sells it. The aim is to buy it back at a lower price later on, return it to the owner, and make a profit in the process.Now, what’s happened here is that a group of traders on a Reddit forum (r/WallStreetBets) have decided to take on the hedge funds by aggressively buying heavily shorted stocks such as GameStop and AMC.This has pushed these stocks up significantly. As a result, the short sellers have been forced to rush out and close their short positions. In the process, there has been a scramble for shares, which has pushed the stocks up even higher. In the financial industry, this is known as a ‘short squeeze’.Short squeezeShort squeezes are nothing new. They often happen when a heavily-shorted company suddenly releases good results or sees its future prospects improve substantially. This attracts more buyers, pushing the stock up, and forcing the short sellers to close their positions.But the question I’m asking is whether the recent news from GME and AMC is good enough to justify these massive share price rises?Let’s start with GameStop. It posted a trading update recently for the nine-week period ended 2 January in which there were some encouraging signs. E-commerce sales, for example, were up 309%. However overall, the results weren’t brilliant. Net sales were down 3.1% year-on-year, which I think is poor when I consider that the video game industry is booming right now.It’s worth noting that GME’s revenue is forecast to fall 19% for the financial year ending 1 February 2021. Additionally, it posted large losses in the last two years.Meanwhile, AMC has its own challenges. It recently announced that it raised a total of $917m in new debt and equity. Without this, it was looking at bankruptcy. Even with this new capital, it says its financial runway only extends to late 2021. It also reported a large loss last year. Of course, its outlook could improve if social distancing restrictions are eased soon.  Ultimately, it looks like both companies are set to face challenges in the near term, in my view. What concerns me is what could happen after the last short seller closes their position. We could then have a scenario where a stock with quite poor fundamentals is trading at an elevated valuation. In that situation, there’s a chance the stock could fall heavily.GameStop and AMC are not for meMy investment strategy is based on buying high-quality stocks with substantial growth potential and holding them for the long term. GameStop and AMC don’t appear to be a good fit for my portfolio, so I won’t be investing in them.  Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares See all posts by Edward Sheldon, CFAlast_img read more

Should I buy these two FTSE 100 UK shares on merger rumours?

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! Shares in FTSE 100 paper and packaging producer DS Smith (LSE: SMDS) have jumped in value this morning after reports emerged that its blue-chip peer, Mondi (LSE: MNDI), was considering a multi-billion pound offer for the business.Buying UK shares based on merger rumours is never a good idea. Nine times out of 10, the stories turn out to have no substance. As such, jumping on the bandwagon could lead to significant losses for investors who end up buying at high levels. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Instead of investing based on rumours, I like to look at the long-term potential of businesses. I think high-quality companies will always be attractive investments, whether or not they’re subject of a potential takeover offer or rumour. With that in mind, I’ve been taking a closer look at both of these FTSE 100 UK shares to see whether or not they’re worth buying, based on long-term potential. FTSE 100 groupOne of the main reasons I like these two businesses is that the e-commerce industry is booming. Last year, online transactions jumped to around 40% of the UK retail market. The pandemic was responsible for most of this growth. The online share of the market did drop back when the economy started to reopen. However, it’s remained significantly above pre-pandemic levels. I think this bodes incredibly well for the future of the paper and packaging industry. That said, one of the challenges these FTSE 100 companies face is costs. While both organisations produce some of their own materials, such as wood pulp for cardboard packaging, for the most part, they’re reliant on market forces. This means they can’t control the cost of essential commodities used in the manufacturing process. As a result, if material costs rise, profit margins will fall. What’s more, the paper and packaging market is highly fragmented and commoditised. Anyone can produce cardboard boxes. DS Smith and Mondi are some of the most prominent players in the market, but if a company such as Amazon decided it would take over the sector, there’s nothing these firms could do. Therefore, these FTSE 100 firms face significant risks. An amalgamation would get rid of some of these issues. Based on current market values, the enlarged group could be worth as much as £14bn. That would give it significant economies of scale and clout with suppliers. Nevertheless, as noted above, buying a stock on merger rumours alone is never a good idea. Improving outlookMondi has noted it foresees price rises for its paper and packaging products due to increased demand. I think this shows the company’s potential to grow as the e-commerce market booms.With that in mind, I’d buy this FTSE 100 stock today as part of a diversified basket of UK shares, although I’d avoid its smaller peer DS Smith. I think Mondi’s size should help it mitigate some of the risks outlined above.  Simply click below to discover how you can take advantage of this. There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Rupert Hargreaves owns no share mentioned. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Amazon. The Motley Fool UK has recommended DS Smith and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Should I buy these two FTSE 100 UK shares on merger rumours? Image source: Getty Images Rupert Hargreaves | Thursday, 25th February, 2021 | More on: MNDI SMDS See all posts by Rupert Hargreaveslast_img read more

Three years later Haitians are eager to move beyond the…

first_imgThree years later Haitians are eager to move beyond the tent cities 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 Youth Minister Lorton, VA Rector Martinsville, VA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Associate Priest for Pastoral Care New York, NY Rector Albany, NY Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Rector Pittsburgh, PA 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 Associate Rector Columbus, GA Rector Smithfield, NC Rector/Priest in Charge (PT) Lisbon, ME Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Director of Administration & Finance Atlanta, GA Submit a Press Release Assistant/Associate Rector Washington, DC Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Knoxville, TN Assistant/Associate Rector Morristown, NJ Bruce Green says: Associate Rector for Family Ministries Anchorage, AK Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET January 14, 2013 at 5:29 pm Most of the money that was sent was used for emergency food, medical care, and tent housing. Check any reliable charity, such as Episcopal Relief and Development (www.er-d.org.) They report exactly what they spend and where.A lot of money that was promised was never sent, and some of the “instant” fly-by-night charities that were set up didn’t actually do anything.The United States government gave money but used most of it to pay itself back for the cost of sending in the army to get the airport going, sending the USS Comfort, etc.Money collected by Partners in Health (www.pih.org) not used for emergency medical aid went to build a terrific new teaching hospital which will not only provide medical care and training but many local jobs, and already provided hundreds of jobs during its construction.Many good things are happening, but there’s a tremendous amount more to do. Support any reputable charity, and thank you! Comments are closed. Comments (3) Rector Belleville, IL Rector (FT or PT) Indian River, MI Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Submit a Job Listing Rector Tampa, FL Family Ministry Coordinator Baton Rouge, LA Press Release Service 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 Curate Diocese of Nebraska Children play in a slum in Port-au-Prince, Haiti in late December. Many Haitians are still living in tent cities three years are a major earthquake devastated the capital but, there are signs for progress. Photo/Swoan Parker, Reuters[Episcopal News Service] In minutes, Haiti was forever changed when the 7.0 magnitude earthquake struck on January 12, 2010. Three years later, the devastation is often more visible than the progress that has been made. Nearly 300,000 people lost their lives, hundreds of thousands were injured and the property loss is inconceivable. All of the major institutions in Port-au-Prince were destroyed or damaged, including the National Palace, historic art treasures and Holy Trinity Cathedral, the Episcopal Church’s national cathedral that was constructed in 1929.Haiti was not without its challenges before the earthquake. Considered the poorest country in the Western Hemisphere, the country suffers from unemployment, extreme poverty and lack of access to basic needs – education, healthcare and food. Add a devastating earthquake to this mix, and the challenges for Haiti seem so overwhelming.And yet whenever we visit Haiti, we are constantly reminded of the spirit of our brothers and sisters in Haiti and their faith that gives them hope. When visiting Haiti, we often join in worship on Sunday mornings. Recently, we worshipped with St. Peter’s Episcopal Church in Mirebalais on Sunday morning. It was warm and worship began at 8:30 am and lasted over three hours. Worship was filled with heartfelt prayers, choirs of all ages, filling the church with music, a moving sermon and Holy Communion. God was so present in our time together. This faith, this deep conviction is what continues to fill Haitians with hope for a new day.And now, three years later, there are signs of progress. The reality on the ground is that much has been and is being done. There are new roads connecting communities. Schools have been open in all kinds of structures and new ones are under construction. Health care continues to benefit from Partners in Health’s efforts and a new state of the art 320-bed teaching hospital just opened in Mirebalais located less than 30 miles from Port-au-Prince.But while there are beginning to be small signs of progress, the work has really just begun. The Episcopal Church in Haiti has a long history of mission. For over 150 years, it has been a leader in education and health services in Haiti. Over 80,000 children receive education and training from the schools associated with the Episcopal Church.  The Episcopal Church has also been a leading provider of health care for Haitians, as it runs three major hospitals and a network of health clinics throughout the country. The Episcopal Church has been working to support its partners in Haiti, and through Episcopal Relief & Development, we are responding to immediate needs for clean water, temporary housing and employment.As important as responding to these needs for Haitians, so too is the need to support the spiritual and cultural institution of Haitians. Holy Trinity Cathedral is one of these institutions. It was a primary gathering place for Haitians. Institutions affiliated with the cathedral included a primary and secondary school, a convent and a music school which housed the country’s only philharmonic orchestra. Holy Trinity Cathedral had housed what was believed to be the largest organ in the Caribbean and the murals throughout the cathedral depicted biblical stories in Haitian motifs. They were created by some of Haiti’s most famous artists in the 1950s.After the earthquake, rebuilding this institution was of significant importance to Haitians of all faiths. And the Episcopal Church committed itself to supporting this effort. Recently, the Episcopal Church and the Diocese of Haiti announced the selection of Kerns Group Architects of Arlington, Virginia, as the architect selected to design the new cathedral. The new cathedral will incorporate the three surviving murals.Haitians are eager to move beyond the tent cities that have stayed far too long. They are eager to rebuild their country through sustainable ways. And as much as we need to provide access to clean water and food, we also need to continue to look beyond the immediate horizon to more permanent development in Haiti.For Haiti, it will take years to recover from both the emotional and physical turmoil of the earthquake.  But today, as we reflect on the last three years, we give God thanks for the endurance and resilience of the people of Haiti. We are inspired by their ability to be spirit filled despite the daily challenges.The Rev. Joseph Murrenz Constant, a Haitian American, and the Rev. Dr. Rosemari G. Sullivan serve as special coordinators for the work of the Episcopal Church in Haiti. They facilitate the multiple efforts among Episcopal congregations, dioceses, networks and organizations committed to the rebuilding of the Diocese of Haiti. Constant is also the director of ethnic ministries and student life at Virginia Theological Seminary. Prior to her work in Haiti, Sullivan served as secretary of the General Convention and as rector of congregations in Washington, D.C. and Alexandria, Virginia.center_img Priest-in-Charge Lebanon, OH Assistant/Associate Priest Scottsdale, AZ 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 Rector Bath, NC Bishop Diocesan Springfield, IL Submit an Event Listing Haiti Course Director Jerusalem, Israel Featured Events Rector and Chaplain Eugene, OR Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Collierville, TN Missioner for Disaster Resilience Sacramento, CA Serena Beeks says: This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Marylin Day says: Curate (Associate & Priest-in-Charge) Traverse City, MI Priest Associate or Director of Adult Ministries Greenville, SC New Berrigan Book With Episcopal Roots Cascade Books Rector Washington, DC January 14, 2013 at 6:49 pm Is ERD holding the funds or Episcopal Foundation? Can they give us the status of the funds collected? Thanks… Canon for Family Ministry Jackson, MS January 14, 2013 at 5:01 pm What happened to the money that was collected for them?give us some accounting. Rector Shreveport, LA Featured Jobs & Calls Rector Hopkinsville, KY By Joseph Murrenz Constant and Rosemari G. SullivanPosted Jan 14, 2013 Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Director of Music Morristown, NJ AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Tags Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Cathedral Dean Boise, ID last_img read more

Oxford University’s campaign reaches one billion pounds

first_img Howard Lake | 2 November 2010 | News Oxford University’s campaign reaches one billion pounds  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Individual giving Research / statistics AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Oxford University’s international fundraising campaign has raised £1 billion. ‘Oxford Thinking: The Campaign for the University of Oxford’ is the largest fundraising campaign ever undertaken by a European university and has a goal of raising at least £1.25 billion “to support world-class teaching, research and facilities”.Fundraising began in August 2004 although the public element of the Campaign wasn’t launched until May 2008 at which point £575 million had already been raised.Oxford’s Vice-Chancellor, Professor Andrew Hamilton, said: “For almost half of the six years that Oxford has been raising funds for the Campaign, the world has been in an economic downturn – yet our alumni and supporters have continued to give. In the last year alone we have raised more than £230m. Their generosity, which is a huge vote of confidence in Oxford, is fundamental to Oxford’s future at a time when government funding is so stretched”.Professor Hamilton thanked Dame Vivien Duffield, the Chairman of Oxford Thinking since the official launch in May 2008, and who has decided to step down, for her work in the campaign’s success so far. She has herself donated £5.1m from the Clore Duffield Foundation.Dame Vivien said: ‘This is a tremendous milestone, and the fact that such an astonishing target has been reached in such a difficult climate is a testament to all that Oxford has been, is now, and will continue to be for future generations. This represents a great sum of money for a truly great institution. I am deeply grateful to all those donors, alumni and friends who have helped us to reach this vital stage in our Campaign.’www.campaign.ox.ac.uk 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.last_img read more

Low wages, police terror, and the need for revolution

first_imgBased on remarks at a joint forum of Fight Imperialism, Stand Together (FIST) and Workers World Party in New York City on Jan. 3. We have heard a lot about the disaster that is unfolding before us. The rise of police repression and brutality — with millions of people locked up and the police choking, brutalizing and killing people — accompanied by the economic crisis.The good-paying industrial jobs that once existed for working-class people in this country have been eliminated. The new generation of workers faces a lifetime of short-term, low-wage service sector jobs.It is important to make this link. That’s why in FIST we have been talking about a “low-wage police state.” The reality is that because of technology and de-industrialization, millions of people, especially youth, aren’t profitable any longer, so they aren’t hired. Instead, they are being locked up in prisons. The economic crisis and rise of police repression are  linked.But why is the future that millions of young people have to look forward to  turning out to be such a nightmare?Throughout U.S. society, there are different answers. Conspiracy theories are on the rise now, with many people blaming some secret, shady group for leading society in this direction.The Democrats blame it on the Republicans. The Tea Party and the Libertarians say it’s because the U.S. isn’t “purely capitalist.” Every  political faction or grouping, representing every class or strata, has a different explanation. Which is the right one?‘Profits in command’A good place to start is to look at those who have fought back. Who has made the most progress in the struggle against racism and economic suffering in the U.S.? One of the most militant anti-racist organizations in the 20th century was the Black Panther Party. At every anti-police brutality rally today, young people are wearing T-shirts with images of Huey Newton, Fred Hampton or Angela Davis.The youth who are part of today’s mass uprisings, as well as millions of others, love the Panthers. How did the Panthers explain the problems of U.S. society? Their required reading was “The Little Red Book” written by Mao Zedong, the leader of the Chinese Revolution. He defined the capitalist system as “profits in command.”That sums it up. The new generation of workers is making very low wages because this means higher profits. The less the workers are paid at Starbucks, McDonald’s and Rite Aid, the more profits are made by the storeowners.Unemployment means more profits, too. With more people competing for jobs, the bosses lower wages, gauging that many workers will accept these low-wage jobs because they’re the only ones available to them.Banks are raking in money from student loan debt. Young people desperate to get a job and support themselves spend tens of thousands of dollars for college, hoping they can become more qualified. They get into debt, while banks get richer.Additionally, all over this country private prisons run for profit are being set up. Wells Fargo, a bank that has foreclosed on and evicted thousands of families in places like Michigan, Ohio and California is the primary shareholder in “Corrections Corporation of America.” Imprisoning youth makes more money for corporations and banks.The high-tech weapons police are using in Ferguson, Mo., and elsewhere are manufactured by the same corporations that supply the Pentagon, including Lockheed Martin and General Electric. The corporations that make billions of dollars from war, death and destruction abroad are reaping megaprofits from selling U.S. cops their tools of repression. The war profiteers are profiting from the war at home against Black and Brown people.Houses aren’t built in this system so people can have shelter. They are built so landlords and banks can make profits from selling or renting them.Food is produced so that big business owners of farms, factories and stores can make profits.Schools exist so children can learn to be good, obedient workers, not so they can learn to become productive members of society.The police don’t exist to protect us and keep us safe; they serve to protect the property of the rich. The police have responded to the rising “Black Lives Matter” protests across the country by arresting people, macing them and so on.But when the Ku Klux Klan has a rally, not only do police not arrest or beat the Klansmen, they guard them against angry protesters, including oppressed people. The same goes for police protecting anti-immigrant bigots or the Tea Party. This is because these ultra-right-wingers and the police are on the same team; they serve the billionaires and the bankers.The so-called “founding fathers” were slaveowners and rich people who wrote the U.S. Constitution, which said Black people are three-fifths of a human being. Today, the government serves Wall Street and the billionaires.The Black Panthers understood this. That’s why they opposed this system of “profits before people.”‘Fight! Don’t Starve!’Why do we have programs like Social Security or the right to unionize on our jobs? Because the workers fought for these benefits. Organizations, including the Communist Party, organized unemployment councils in the 1930s and led the fight for government benefits.During the Depression, when people were starving, the CP said, “Fight!  Don’t starve!” When families were evicted, the CP led unemployed workers to break the locks and move families back into their homes.Even if the Democrats talk about the need to bring “good paying industrial jobs” back, they neglect to say that jobs in basic industries weren’t always good paying jobs. In the 1920s, workers at steel mills, garment factories and auto plants made poverty wages — about what fast food workers make today.But organizations, including the CP, organized sit-down strikes where workers occupied their factories until they got better wages and union recognition.‘Science of revolution’Many of the organizations that fought for radical changes believed in Marxism-Leninism, which isn’t a religion or dogma, but the science of revolution. They sought to build organizations of workers and oppressed people who could fight injustice and push back billionaires and bankers and win victories.But Marxist-Leninists of yesterday and today haven’t just used its science in daily battles; they strive to overthrow capitalism altogether. The workers who make the banks, factories and all companies operate should own them and run the economy. The state designed by slaveowners should be replaced by a new kind of state, based on “People’s Power.”Socialist revolution means the organizing of society so that everyone has a job and is included in the process of building society. Socialism means a society where everyone has food and a home. It means a society where the government actively mobilizes against racism, sexism, bigotry against lesbian-gay-bi-trans-queer people and every other form of oppression.What is communism all about?The government and media say communism is a “foreign thing.” The hammer and sickle, which symbolize communism, are not foreign symbols. The hammer stands for the workers, who build things with it. The sickle stands for those who grow food, the millions of agricultural workers. Together the hammer and sickle emblem represents labor — which produces everything. Every product in every store has been manufactured, packaged, shelved and sold by workers.The “working class” isn’t just made up of people with a certain income or those who work on assembly lines. Everyone who works for a living is part of the working class.From our work, somebody else gets rich. The factories, the banks, the stores, the hotels and the restaurants have owners. These capitalists reap profits from our hard work. Because of this set-up, our society is distorted and filled with repression, racism, poverty and discrimination.The drive for profits is pushing humanity in a very dangerous direction.The billionaire capitalist class is setting up a possible war against Russia or China, which would have catastrophic consequences and kill millions. If this happens, it is our duty to tell the workers in this country to turn their guns around and make war against the warmakers.Workers World Party and FIST say that the world doesn’t have to be this way. We who are Marxist-Leninists have a job to do. We have to stand in solidarity with the mass uprising going on against police terror. Also, we have to find a way to transform this mass rebellion against the racist cops into a rebellion against the entire racist system.We have to find a way to show the low-wage workers who are organizing and the young people in the streets what so many fighters in the past knew — that we need a revolution and a new society.If asked who are communists, we can say that communists are the fighters against injustice, who brought the 8-hour workday and union rights, who joined with the Black movement to organize against Jim Crow segregation, and who built an anti-imperialist movement against the Vietnam war. Communists seek a society where the people are on top and billionaire exploiters have to face justice for the crimes they have committed against the people.If asked how to get to communism, the first thing to say is: “We’ve got to smash the low-wage police state.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Suspect in Pensacola naval base shooting wrote ‘the countdown has started’ 4 months before attack: Report

first_imgFBI(PENSACOLA, Fla.) — New details have emerged in the deadly shooting at a Florida naval base, including a cryptic message that the suspect wrote just months before the attack, according to a federal report obtained by ABC News.Mohammed Alshamrani, 21, a second lieutenant in the Saudi Air Force who authorities say killed three people and injured eight others after opening fire at the Naval Air Base Pensacola last week, wrote the phrase “the countdown has started” on Sept. 11, 2019 with no further explanation, according to a Joint Intelligence Bulletin released Friday.The post was written about four months before the Dec. 6 shooting, according to the report.The bulletin, which was issued by the FBI, Department of Homeland Security, National Counterterrorism Center and the Defense Intelligence Agency, also stated that his social media included references to non-Muslims as “infidels” and defended jihad.Sources previously told ABC News that investigators determined the shooting was likely a “terror” attack inspired by radical Islamic ideology.One post contained writings that were consistent with a 2010 statement from American-born cleric Anwar al Awlaki, who was killed in 2011 in a CIA-led drone strike, according to the report.“I’m against evil, and America as a whole has turned into a nation of evil,” the post read, according to the report. “What I see from America is the supporting of Israel which is invasion of Muslim countries, I see invasion of many countries by its troops, I see Guantanamo Bay. I see cruise missiles, cluster bombs and UAV.”The multi-agency report also detailed new information about what happened inside the classroom where the shooting took place.The attack lasted about 15 minutes, during which time Alshamrani unloaded 180 rounds of his ammo and fired directly at pictures of President Donald Trump and a former president, who was not named, according to the report.Alshamrani purchased a Glock 9 mm pistol legally by taking advantage of a federal gun law exception that allows foreign nationals to purchase weapons — which is normally prohibited — for hunting, authorities have said.A witness told investigators that during the attack, Alshamrani made statements that were critical of U.S. military actions overseas, according to the report.Alshamrani, who was in the United States for flight training, was shot and killed by Escambia County Sheriff’s deputies at the scene.The report stresses that federal authorities are not aware of any ongoing specific, credible threats to the public.The FBI-Jacksonville, the lead investigative agency, said the investigation into the shooting remains active and they are working under the presumption “that this was an act of terrorism.”“Our unified goal remains clear: to determine if the shooter acted alone or if anyone assisted, provided support for, or had knowledge of his attack in advance,” according to the FBI’s statement.The victims in the attack were identified as Ensign Joshua Watson, 23; Airman Mohammed Haitham, 19; and Airman Apprentice Cameron Walters, 21.The Navy posthumously advanced Haitham and Walters to Naval Aircrewman Mechanical 3rd Class on Saturday.“These sailors exhibited the finest warrior ethos and quick decision-making that undoubtedly saved many lives,” Acting Secretary of the Navy Thomas Modly said in a statement. “They took action when it was needed most, with the same skill and professionalism that they’d exhibited throughout their service to our nation.”Haitham and Walters had previously been proclaimed naval aircrewmen after they were awarded their Wings of Gold.Copyright © 2019, ABC Audio. All rights reserved.last_img read more

651 vehicles show up for surprise birthday of 8-year-old fighting cancer

first_imgiStock/RuthBlackBy: NICOLE PELLETIERE, ABC News (LEESPORT, Penn.) — A surprise birthday parade for an 8-year-old boy had a massive, 651-vehicle turnout on Saturday.Leesport, Pennsylvania resident Riley Rejniak, who is battling neuroblastoma a second time, waved as hundreds of cars, motorcycles and first responders arrived in waves.Even exotic cars passed at a safe distance to celebrate Riley’s fighting spirit and May 23 birthday.“He waved to every single car and had the biggest smile face,” mom Ashley Rejniak told Good Morning America. “For me, I got emotional multiple times. We know he’s loved by our community but the amount of gifts, balloons … it was amazing.”Riley was first diagnosed with stage 4 neuroblastoma on April 25, 2017. The cancerous tumor was found in his stomach but was also present in his bone marrow, Riley’s parents said.Riley was treated at Penn State Health Milton S. Hershey Medical Center. In 2019, Riley’s cancer returned in his bone marrow.“Riley had a total 16 rounds of chemotherapy, 12 rounds of radiation and five cycles of immunotherapy. He also had a stem cell transplant,” dad Greg Rejniak told GMA. “He’s had ups and downs but his attitude has been incredible. He just loves life.”When their son’s cancer came back, the Rejniaks took it hard. Riley’s response, however, was “I’m not worried about it,” they said.Riley’s quote was printed on the back of T-shirts his family wore to the surprise birthday parade.Ashley said Riley’s cancer could return again but so far, doctors have found no evidence of disease. The Rejniaks were happy to celebrate Riley’s birthday as well as this good news, they said.Family friend Brittney Haddon, who photographed the event, said it was “extraordinary to witness.”“This will be a memory that will last a lifetime and couldn’t have gone to a more deserving family than them,” Haddon told GMA.Greg Rejniak said, “[Riley] said it was the best birthday that he has ever had.”Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Mother and daughter property fraud pair jailed

first_imgHome » News » Mother and daughter property fraud pair jailed previous nextRegulation & LawMother and daughter property fraud pair jailedBut will new regulations due to come in this June have stopped them earlier?Nigel Lewis20th March 201701,347 Views A mother and daughter team who helped a Dubai-based gang make a false £1.2 million application for a bridging loan by taking the identity of a deceased Kensington landlady have been jailed for property fraud.31-year-old Laylah De Cruz (pictured) is to serve a five-year sentence and 62-year-old mother Dianne Moorcroft a three year term following a trial at Southwark Crown Court, during which the pair denied the fraud.The two were part of a gang, the rest of whom are still being sought, who identified a rental property belonging to a deceased landlady and then rented it using false papers. After this, with the help of her daughter, Moorcroft changed her name by Deed Poll to the landlady’s name.She later put the property on Eagle Place in Kensington on the market and, posing as the millionaire but actually deceased owner of the property, subsequently applied for a bridging loan of £1.2 million, which she was granted.The funds were then transferred to Dubai and have since not been traced. Moorcroft was arrested at her Blackpool home in February 2015 while De Cruz was arrested on her return from Dubai, where she lived as an expat, in May 2016.Suspicious officialsThe fraud was picked up by suspicious officials from The Land Registry after the money had been transferred to Dubai, and an investigation launched in October 2014 by detectives from the Met’s Operation Falcon team, which specialises in property fraud committed within London’s central districts.“Property fraud causes a huge amount of distress to its victims and Friday’s custodial sentences properly reflects the serious nature of the crimes,” Alasdair Lewis, Director of Legal Services at HM Land Registry, told The Mirror.“At HM Land Registry we have prevented frauds on registered properties worth millions of pounds, but no system can be 100 per cent fraud-proof which is why we urge people to keep their contact details up to date and to sign up for our free Property Alert service.”The pair’s fraud gained credibility in part by the listing that the couple gained for the property via a leading central London agent, and the case highlights the problems negotiators face when taking on instructions.The 2017 Anti-Money Laundering regulations are about to come into force this June and will require agents to consider both vendors and purchasers when completing Customer Due Diligence.“Additional checks will need to be made by sales agents and auctioneers, which will be complicated by the fact that buyers are sometimes at arm’s length and there’s not necessarily a face to face relationship,” says Mark Hayward, NAEA Propertymark Chief Executive.“However, further clarity will be required as to at what point the purchaser becomes a purchaser, and this is an issue we will be seeking guidance on.”Kensington Laylah De Cruz property fraud Blackpool Dianne Moorcroft Dubai March 20, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more