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G20 protests: Inside a labour march

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G20 protests: Inside a labour march

Wikinews accredited reporter Killing Vector traveled to the G-20 2009 summit protests in London with a group of protesters. This is his personal account.

Friday, April 3, 2009

London – “Protest”, says Ross Saunders, “is basically theatre”.

It’s seven a.m. and I’m on a mini-bus heading east on the M4 motorway from Cardiff toward London. I’m riding with seventeen members of the Cardiff Socialist Party, of which Saunders is branch secretary for the Cardiff West branch; they’re going to participate in a march that’s part of the protests against the G-20 meeting.

Before we boarded the minibus Saunders made a speech outlining the reasons for the march. He said they were “fighting for jobs for young people, fighting for free education, fighting for our share of the wealth, which we create.” His anger is directed at the government’s response to the economic downturn: “Now that the recession is underway, they’ve been trying to shoulder more of the burden onto the people, and onto the young people…they’re expecting us to pay for it.” He compared the protest to the Jarrow March and to the miners’ strikes which were hugely influential in the history of the British labour movement. The people assembled, though, aren’t miners or industrial workers — they’re university students or recent graduates, and the march they’re going to participate in is the Youth Fight For Jobs.

The Socialist Party was formerly part of the Labour Party, which has ruled the United Kingdom since 1997 and remains a member of the Socialist International. On the bus, Saunders and some of his cohorts — they occasionally, especially the older members, address each other as “comrade” — explains their view on how the split with Labour came about. As the Third Way became the dominant voice in the Labour Party, culminating with the replacement of Neil Kinnock with Tony Blair as party leader, the Socialist cadre became increasingly disaffected. “There used to be democratic structures, political meetings” within the party, they say. The branch meetings still exist but “now, they passed a resolution calling for renationalisation of the railways, and they [the party leadership] just ignored it.” They claim that the disaffection with New Labour has caused the party to lose “half its membership” and that people are seeking alternatives. Since the economic crisis began, Cardiff West’s membership has doubled, to 25 members, and the RMT has organized itself as a political movement running candidates in the 2009 EU Parliament election. The right-wing British National Party or BNP is making gains as well, though.

Talk on the bus is mostly political and the news of yesterday’s violence at the G-20 demonstrations, where a bank was stormed by protesters and 87 were arrested, is thick in the air. One member comments on the invasion of a RBS building in which phone lines were cut and furniture was destroyed: “It’s not very constructive but it does make you smile.” Another, reading about developments at the conference which have set France and Germany opposing the UK and the United States, says sardonically, “we’re going to stop all the squabbles — they’re going to unite against us. That’s what happens.” She recounts how, in her native Sweden during the Second World War, a national unity government was formed among all major parties, and Swedish communists were interned in camps, while Nazi-leaning parties were left unmolested.

In London around 11am the march assembles on Camberwell Green. About 250 people are here, from many parts of Britain; I meet marchers from Newcastle, Manchester, Leicester, and especially organized-labor stronghold Sheffield. The sky is grey but the atmosphere is convivial; five members of London’s Metropolitan Police are present, and they’re all smiling. Most marchers are young, some as young as high school age, but a few are older; some teachers, including members of the Lewisham and Sheffield chapters of the National Union of Teachers, are carrying banners in support of their students.

Gordon Brown’s a Tory/He wears a Tory hat/And when he saw our uni fees/He said ‘I’ll double that!’

Stewards hand out sheets of paper with the words to call-and-response chants on them. Some are youth-oriented and education-oriented, like the jaunty “Gordon Brown‘s a Tory/He wears a Tory hat/And when he saw our uni fees/He said ‘I’ll double that!'” (sung to the tune of the Lonnie Donegan song “My Old Man’s a Dustman“); but many are standbys of organized labour, including the infamous “workers of the world, unite!“. It also outlines the goals of the protest, as “demands”: “The right to a decent job for all, with a living wage of at least £8 and hour. No to cheap labour apprenticeships! for all apprenticeships to pay at least the minimum wage, with a job guaranteed at the end. No to university fees. support the campaign to defeat fees.” Another steward with a megaphone and a bright red t-shirt talks the assembled protesters through the basics of call-and-response chanting.

Finally the march gets underway, traveling through the London boroughs of Camberwell and Southwark. Along the route of the march more police follow along, escorting and guiding the march and watching it carefully, while a police van with flashing lights clears the route in front of it. On the surface the atmosphere is enthusiastic, but everyone freezes for a second as a siren is heard behind them; it turns out to be a passing ambulance.

Crossing Southwark Bridge, the march enters the City of London, the comparably small but dense area containing London’s financial and economic heart. Although one recipient of the protesters’ anger is the Bank of England, the march does not stop in the City, only passing through the streets by the London Exchange. Tourists on buses and businessmen in pinstripe suits record snippets of the march on their mobile phones as it passes them; as it goes past a branch of HSBC the employees gather at the glass store front and watch nervously. The time in the City is brief; rather than continue into the very centre of London the march turns east and, passing the Tower of London, proceeds into the poor, largely immigrant neighbourhoods of the Tower Hamlets.

The sun has come out, and the spirits of the protesters have remained high. But few people, only occasional faces at windows in the blocks of apartments, are here to see the march and it is in Wapping High Street that I hear my first complaint from the marchers. Peter, a steward, complains that the police have taken the march off its original route and onto back streets where “there’s nobody to protest to”. I ask how he feels about the possibility of violence, noting the incidents the day before, and he replies that it was “justified aggression”. “We don’t condone it but people have only got certain limitations.”

There’s nobody to protest to!

A policeman I ask is very polite but noncommittal about the change in route. “The students are getting the message out”, he says, so there’s no problem. “Everyone’s very well behaved” in his assessment and the atmosphere is “very positive”. Another protestor, a sign-carrying university student from Sheffield, half-heartedly returns the compliment: today, she says, “the police have been surprisingly unridiculous.”

The march pauses just before it enters Cable Street. Here, in 1936, was the site of the Battle of Cable Street, and the march leader, addressing the protesters through her megaphone, marks the moment. She draws a parallel between the British Union of Fascists of the 1930s and the much smaller BNP today, and as the protesters follow the East London street their chant becomes “The BNP tell racist lies/We fight back and organise!”

In Victoria Park — “The People’s Park” as it was sometimes known — the march stops for lunch. The trade unions of East London have organized and paid for a lunch of hamburgers, hot dogs, french fries and tea, and, picnic-style, the marchers enjoy their meals as organized labor veterans give brief speeches about industrial actions from a small raised platform.

A demonstration is always a means to and end.

During the rally I have the opportunity to speak with Neil Cafferky, a Galway-born Londoner and the London organizer of the Youth Fight For Jobs march. I ask him first about why, despite being surrounded by red banners and quotes from Karl Marx, I haven’t once heard the word “communism” used all day. He explains that, while he considers himself a Marxist and a Trotskyist, the word communism has negative connotations that would “act as a barrier” to getting people involved: the Socialist Party wants to avoid the discussion of its position on the USSR and disassociate itself from Stalinism. What the Socialists favor, he says, is “democratic planned production” with “the working class, the youths brought into the heart of decision making.”

On the subject of the police’s re-routing of the march, he says the new route is actually the synthesis of two proposals. Originally the march was to have gone from Camberwell Green to the Houses of Parliament, then across the sites of the 2012 Olympics and finally to the ExCel Centre. The police, meanwhile, wanted there to be no march at all.

The Metropolitan Police had argued that, with only 650 trained traffic officers on the force and most of those providing security at the ExCel Centre itself, there simply wasn’t the manpower available to close main streets, so a route along back streets was necessary if the march was to go ahead at all. Cafferky is sceptical of the police explanation. “It’s all very well having concern for health and safety,” he responds. “Our concern is using planning to block protest.”

He accuses the police and the government of having used legal, bureaucratic and even violent means to block protests. Talking about marches having to defend themselves, he says “if the police set out with the intention of assaulting marches then violence is unavoidable.” He says the police have been known to insert “provocateurs” into marches, which have to be isolated. He also asserts the right of marches to defend themselves when attacked, although this “must be done in a disciplined manner”.

He says he wasn’t present at yesterday’s demonstrations and so can’t comment on the accusations of violence against police. But, he says, there is often provocative behavior on both sides. Rather than reject violence outright, Cafferky argues that there needs to be “clear political understanding of the role of violence” and calls it “counter-productive”.

Demonstration overall, though, he says, is always a useful tool, although “a demonstration is always a means to an end” rather than an end in itself. He mentions other ongoing industrial actions such as the occupation of the Visteon plant in Enfield; 200 fired workers at the factory have been occupying the plant since April 1, and states the solidarity between the youth marchers and the industrial workers.

I also speak briefly with members of the International Bolshevik Tendency, a small group of left-wing activists who have brought some signs to the rally. The Bolsheviks say that, like the Socialists, they’re Trotskyists, but have differences with them on the idea of organization; the International Bolshevik Tendency believes that control of the party representing the working class should be less democratic and instead be in the hands of a team of experts in history and politics. Relations between the two groups are “chilly”, says one.

At 2:30 the march resumes. Rather than proceeding to the ExCel Centre itself, though, it makes its way to a station of London’s Docklands Light Railway; on the way, several of East London’s school-aged youths join the march, and on reaching Canning Town the group is some 300 strong. Proceeding on foot through the borough, the Youth Fight For Jobs reaches the protest site outside the G-20 meeting.

It’s impossible to legally get too close to the conference itself. Police are guarding every approach, and have formed a double cordon between the protest area and the route that motorcades take into and out of the conference venue. Most are un-armed, in the tradition of London police; only a few even carry truncheons. Closer to the building, though, a few machine gun-armed riot police are present, standing out sharply in their black uniforms against the high-visibility yellow vests of the Metropolitan Police. The G-20 conference itself, which started a few hours before the march began, is already winding down, and about a thousand protesters are present.

I see three large groups: the Youth Fight For Jobs avoids going into the center of the protest area, instead staying in their own group at the admonition of the stewards and listening to a series of guest speakers who tell them about current industrial actions and the organization of the Youth Fight’s upcoming rally at UCL. A second group carries the Ogaden National Liberation Front‘s flag and is campaigning for recognition of an autonomous homeland in eastern Ethiopia. Others protesting the Ethiopian government make up the third group; waving old Ethiopian flags, including the Lion of Judah standard of emperor Haile Selassie, they demand that foreign aid to Ethiopia be tied to democratization in that country: “No recovery without democracy”.

A set of abandoned signs tied to bollards indicate that the CND has been here, but has already gone home; they were demanding the abandonment of nuclear weapons. But apart from a handful of individuals with handmade, cardboard signs I see no groups addressing the G-20 meeting itself, other than the Youth Fight For Jobs’ slogans concerning the bailout. But when a motorcade passes, catcalls and jeers are heard.

It’s now 5pm and, after four hours of driving, five hours marching and one hour at the G-20, Cardiff’s Socialists are returning home. I board the bus with them and, navigating slowly through the snarled London traffic, we listen to BBC Radio 4. The news is reporting on the closure of the G-20 conference; while they take time out to mention that Canadian Prime Minister Stephen Harper delayed the traditional group photograph of the G-20’s world leaders because “he was on the loo“, no mention is made of today’s protests. Those listening in the bus are disappointed by the lack of coverage.

Most people on the return trip are tired. Many sleep. Others read the latest issue of The Socialist, the Socialist Party’s newspaper. Mia quietly sings “The Internationale” in Swedish.

Due to the traffic, the journey back to Cardiff will be even longer than the journey to London. Over the objections of a few of its members, the South Welsh participants in the Youth Fight For Jobs stop at a McDonald’s before returning to the M4 and home.

  • 7 Nov, 2018
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UK Parliament to vote on tuition fee rise on Thursday

Sunday, December 5, 2010

The controversial plan to raise university tuition fees in England and Wales will be voted on in the House of Commons on Thursday, December 9. The policy has been the cause of protests across the United Kingdom by students, some of which have turned violent. It has also been a source of considerable criticism and political difficulties for the Liberal Democrats and has raised questions as to the long-term viability of the Coalition government.

The new policy on tuition fees will allow universities to double the current tuition fees from £3,290 per year to around £6,000 per year, as well as allowing some universities to get special approval from the Office For Fair Access (OFFA) to raise their fees to £9,000 per year. If passed, the new fee structure will apply starting in the academic year of 2012/2013. The vote on Thursday will only be on the fee rise, with other matters being voted on in the new year following publication of a new higher education white paper.

In addition to increasing fees, the policy will increase the payment threshold at which payment is made. It is currently set at £15,000 and will rise to £21,000, but the interest rate will also rise. It is currently 1.5% but will now vary from between 0% and 3% plus inflation (using the Retail Price Index).

The fee increase follows the publication of an independent review by Lord Browne, former chief executive of BP, a process started by Peter Mandelson, the former Business Secretary. Before the election, two main options were mooted for funding reform in higher education: either an increase in tuition fees or a graduate tax. The Browne Review endorsed the former and the findings of the Review form the basis of the government’s policy. The graduate tax was supported by the Liberal Democrats before the election, and in the Labour leadership elections it was supported by Ed Balls and the winner of the leadership election, Ed Milliband.

Conservative members of the Coalition intend to vote for the reform, and the Labour opposition have been vociferous critics of the rise in fees, despite the previous government’s introduction of top-up fees. The Liberal Democratic members of the Coalition have been left in a politically difficult position regarding the fee hike and have been target of much criticism from protesters. Liberal Democrats have opposed the rise in tuition fees: their party manifesto included a commitment to ending tuition fees within six years, and many signed a pledge organised by the National Union of Students to not vote for any increase in tuition fees.

The Coalition agreement allows Liberal Democrats to opt to abstain on votes for a number of policies including tuition fees. Many Liberal Democrats are expected to abstain, and a few MPs have stated that they will vote against it including former party leader Sir Menzies Campbell, and the recently elected party president Tim Farron, as well as a number of Liberal Democrat back-benchers. Liberal Democrat party leaders have said that they will act collectively, but the BBC have said senior Liberal Democrats have admitted in private that government whips will not be able to force all Liberal Democrats to vote for the policy.

On Tuesday, the Liberal Democrats parliamentary party will meet in the Commons to decide on their collective position. If all ministers decide to vote for the policy, it will probably pass, but if only cabinet ministers (and maybe parliamentary private secretaries) vote for the policy, there is considerable risk of it not passing. If the Coalition does not manage to get the policy through Parliament, it will fuel doubts about the continued effectiveness and viability of the government.

How deputy prime minister Nick Clegg and business secretary Vince Cable vote has been of considerable controversy. Although under the Coalition agreement, they are allowed to abstain, suggestions of doing so have prompted criticism. It was suggested last week that Cable may abstain even though as business secretary he is directly responsible for higher education policy, and has been heavily involved in designing the proposals. Cable has said that Liberal Democrat support of the tuition fee changes has allowed them to push it in a more “progressive” direction.

Cable has now decided that he will vote for the policy, and argues that the policy has “a lot of protection for students from low income backgrounds and graduates who have a low income or take time out for family”. He also believes “there’s common consensus that the system we’ve devised is a progressive one”.

“Dr Cable has performed so many U-turns over the issue of university funding that he is spinning on his heels,” said National Union of Students president Aaron Porter. “That may stand him in good stead with the Strictly Come Dancing judges but the electorate will see it differently.”

Former deputy prime minister John Prescott joked on Twitter that “On tuition fees we’ve noticed Vince Cable’s remarkable transformation in the last few weeks from stalling to Mr In Between”—a reference to a previous attack Prescott made on Gordon Brown as having transformed from “Stalin to Mr Bean”.

On Question Time this week, Liberal Democrat treasury secretary Danny Alexander also confirmed he is prepared to vote for the policy but delegated the question to the meeting of Liberal Democrats on Tuesday.

The politics of the tuition fee debate may also affect the by-election taking place in Oldham East and Saddleworth following the removal of Phil Woolas, where Liberal Democrat and Conservative candidates will both be standing for the first by-election following the formation of the Coalition government.

Opposition to the policy has become the focus for a large number of protests across the country by both current university students, many school pupils and political allies of the student movement.

On November 10, between 30,000 and 52,000 protesters from across Britain marched through central London in a demonstration organised by the National Union of Students and the University and College Union, which represents teachers and lecturers in further and higher education. At the November 10 protest, a number of people occupied Millbank Tower, an office block which houses the Conservative Party. Fifty people were arrested and fourteen were injured. NUS president Aaron Porter condemned the attack and said it was caused by “those who are here to cause trouble”, and that the actions of a “minority of idiots” shouldn’t “undermine 50,000 who came to make a peaceful protest”.

Following the November 10 march, other protests have taken place across the country including an occupation at the University of Manchester, a sit-in at the John Owens Building in Manchester, and a demonstration at the University of Cambridge. A protest was also run outside the offices of The Guardian where Nick Clegg—who was giving a lecture inside the building—was executed in effigy while students protested “Nick Clegg, shame on you, shame on you for turning blue” (blue is the colour of the Conservative Party).

On November 24, a large number of protests took place across the country including a mass walk-out from universities and schools organised on Facebook, numerous university occupations, and demonstrations in Manchester, Cambridge, Birmingham, Leeds, Brighton and Cardiff, and a well-publicised occupation of University College London.

In London, a protest was planned to march down Whitehall to Parliament, but police held protesters in Trafalgar Square until they eventually broke free and ran around in a game of “cat and mouse” along the side streets around Charing Cross Road, Covent Garden and Picadilly Circus.

Simon Hardy from the National Campaign Against Fees and Cuts described the police response including the controversial ‘kettling’ of protesters as “absolutely outrageous”. Green MP Caroline Lucas raised the police response including the use of kettling in the House of Commons and stated that it was “neither proportionate, nor, indeed, effective”.

On November 30, protests continued in London culminating in 146 arrests of protesters in Trafalgar Square, and protests in Cardiff, Cambridge, Newcastle, Bath, Leeds, Sheffield, Edinburgh, Liverpool, Belfast, Brighton, Manchester and Bristol. Protesters in Sheffield attempted to invade and occupy Nick Clegg’s constituency office. Occupations of university buildings started or continued at University College London, Newcastle University, Cambridge University and Nottingham University, as well as council buildings in Oxford and Birmingham.

A “day of action” is being planned on December 8, the day before the Commons vote, by the National Union of Students.

  • 7 Nov, 2018
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Apple executive Steve Jobs resigns

Thursday, August 25, 2011

Steve Jobs, founder of Apple, has chosen to step down from his post as CEO of the company. The former Chief Operating Officer, Tim Cook will be succeeding Jobs as CEO. Jobs resigned in a letter to Apple’s board of directors stating, “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s C.E.O., I would be the first to let you know. Unfortunately, that day has come.” In that same letter, Jobs stated that his desire was to remain as chairman of the board.

Steve Jobs has been fighting pancreatic cancer since 2004 and has been on medical leave since January of this year. This was Jobs’ third period of medical leave. He briefly made an appearance in March and June to unveil the iPad 2 and the iCloud, an online cloud computing service. In part of his resignation, Jobs left this farewell, “I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.”

Steve will continue to serve Apple with his unique insights, creativity and inspiration

Tim Cook was personally recommended by Jobs to take over as CEO and has been serving as interim CEO since the beginning of Jobs’ medical leave. Before his post at Apple, Cook held positions at IBM and Compaq. He is known for staying out of the spotlight. Due to an operational overhaul by Cook, he is credited with the success of the iPad and MacBook Air. He also stood in Steve Jobs’ place while the CEO underwent liver transplant surgery. He received $59 million for his performance in the position.

A lot of products could have gotten to market earlier, but he wanted it better.

Analyst Charles Golvin predicts that the resignation will not begin to affect Apple performance for 1.5 to 2 years. Many of the new products are already under development and Jobs will continue to steer the company from his position as chairman of the board. Art Levinson, chairman of Genentech and a member of the board, adds, “Steve will continue to serve Apple with his unique insights, creativity and inspiration”. A contrary view is offered by Charles O’Reilly, a management expert at Stanford University, who stated, “Great companies rarely go from strength to strength”. Richard Doherty attributes Steve Jobs’ success as the ability to hold off on a product until it is perfect. He states “A lot of products could have gotten to market earlier, but he wanted it better.”

In light of the revelation, Apple shares (AAPL) slid $19.37 in after hours trading—a drop of over 5%. Since market open, Apple shares rose to $373.72, a drop of only $2.46 since Wednesday’s close.

  • 7 Nov, 2018
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Basic Options For Air Compressors In Pa

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byAlma Abell

A compressor is a relatively simple device that pressurizes air so that you can use it for many different types of applications such as putting air into a tire, heating or cooling a building or operating a jackhammer. However, when you need one, it is not wise to simply go out and purchase the first air compressor you see. If you need to carry out a specific task, not getting the right type of air compressor will end up costing you in time, money and frustration. Instead, take the time to familiarize yourself with the following basic options available for air compressors in PA before you go shopping. You can also visit site for more details.

Gas-Powered

One of the most common options for air compressors are gas-powered models. These compressor units utilize an engine and pump system that operate on gasoline. While these models are very affordable, their biggest drawback is that you can only use them safely outdoors. The carbon monoxide fumes produced by the exhaust and lack of proper ventilation are a dangerous combination for your health and safety.

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Electrical

Electrical air compressors are the most common and inexpensive option for your air compression needs. These types of compressors are safe to use indoors because they have no exhaust system, however, they tend to not be as powerful as other compressor options.

Oil-Free

Oil-free compressor options are safe and easy to maintain compressor option because of the fact that they use a motor that does not require any form of oil to function. While they work well for a wide variety of applications, the biggest drawback of this compressor type is that they are not as durable as oil-based options.

Portable

Portable compressors are typically compact, lightweight and easy to carry and move from place to place. This makes them ideal to use for tasks that take the operator to several different locations on a regular basis.

Stationary

For heavy duty compressor jobs that always happen in a single location such as operating an auto garage, stationary air compressors that get bolted down to the floor are the best option.

These are some of the basic and most common options for air compressors in PA. If you need assistance to find and purchase the best form of air compressor for your needs, contact Air Center, Inc. or visit Aircompressorspa.com today to speak with one of our helpful and knowledgeable representatives about these and other options.

  • 6 Nov, 2018
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New South Wales road safety campaign begins

Friday, December 23, 2005

New South Wales Police have begun their holiday Operation Safe Arrival holiday road safety campaign overnight. The campaign runs from 12:01AM December 23, 2005 until 11:59PM January 2, 2006.

In an attempt to keep the number of deaths on NSW roads at a minimum police will target speeding, seatbelt, helmet and drunk driving offences. According to the New South Wales Roads and Traffic Authority, 495 people have died on NSW roads between January 1 and December 11. This figure will surely climb over the holiday period.

The RTA has also begun double demerit points for speeding, seatbelt and helmet offences. The double demerit points will run for the same 11 day period as Operation Safe Arrival. The minimum penalty for any double demerit offence is 6 points. Provisional drivers need to be particularly mindful of these as P1 license holders (those who have had a license 12 months or less) can only incur 3 points. P2 license holders (those who have held a license for 12 to 36 months) have 6 and unrestricted license holders have 12.

According to the RTA, 23,624 drivers in the 2003/4 holiday season were issued with fines carrying double demerits and 2,150 motorists had their licenses suspended due to speeding or exceeding their demerit point limit.

The RTA introduced double demerits in 1997 in an attempt to force drivers to be more mindful of speeding, wearing seatbelts and motorcycle helmets. Double demerit points are now introduced over each major holiday period when a large proportion of road-related deaths occur.

Other jurisdictions in Australia which have double demerit points over holiday periods are South Australia, Western Australia, and the Australian Capital Territory.

  • 6 Nov, 2018
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US stock markets reach 12-year lows

Thursday, March 5, 2009

US stock markets dropped to twelve-year lows on Thursday, amidst falling confidence in the financial sector and worries over whether the US automobile manufacturer General Motors will be able to keep operating.

The Dow Jones Industrial Average dropped by 4.08%, or 280.52 points, at the closing bell, reaching a level of 6595.32, a new 12-year low. The Nasdaq Composite lost 54.15 points, or 4%, to 1299.59, while the Standard & Poor’s 500 plunged by 30.27 points, or 4.25%, closing at 682.60.

Every stock in the Dow Jones, other than Wal-Mart, either lost ground or remained even, and all stocks in the S&P 500 index lost ground.

General Motors’ shares lost 15.5% after the auto firm announced that its auditors had “substantial doubt” over whether it would be able to keep operating.

Shares of financial companies were lower by nine percent, with Bank of America losing 11.7% and Citigroup falling by 9.7%.

“What’s most worrisome is that we haven’t hit the crescendo yet,” said Bill Groeneveld, the head trader for vFinance Investments. “Asset-management divisions are getting calls to just liquidate everything, and we haven’t seen the big players come back in at all.”

“This is one of the worst bear markets in the last 100 years; it started out with the credit crisis and the subprime [loans], but it is like a forest fire that has raced across the clearing and ignited other parts: Autos, auto parts, the insurance companies have been hit very hard. The credit crisis is causing an unraveling of industry after industry because the banks don’t lend,” said David Dreman, the chief investment officer of Dreman Value Management.

European markets were also lower today, with the London’s FTSE index losing 3.2% and the DAX index of Germany falling by five percent.

  • 6 Nov, 2018
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News briefs:June 30, 2006

The time is 20:00 (UTC) on June 30th, 2006, and this is Audio Wikinews News Briefs.

Contents

  • 1 Headlines
    • 1.1 Interior Ministry, Fatah offices in Gaza hit by Israeli airstrikes
    • 1.2 Palestinian PM: Israel aims to topple gov’t
    • 1.3 Portuguese Minister of Foreign Affairs Freitas do Amaral resigns
    • 1.4 French Parliament adopts controversial copyright bill
    • 1.5 Police crackdown on illegal tow operations in Sydney
    • 1.6 Amsterdam to open a “Chocolate Factory”
    • 1.7 Australian shot in Thailand
    • 1.8 Germany master penalties to beat Argentina to semi-final spot
    • 1.9 Ullrich and Sevilla suspended from Tour de France
  • 2 Closing statements

[edit]

  • 5 Nov, 2018
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IMF and EU approve aid for Georgia

Tuesday, September 16, 2008

The International Monetary Fund and the European Union approved aid packages to help Georgia recover from its conflict with Russia, which occurred in early August. The IMF approved a US$750 million loan which will allow Georgia to rebuild its currency reserves. The European Union also approved an aid package of €500 million in aid by 2010, which is expected to help internally displaced people (IDPs) and economic recovery in the form of new infrastructure. Only €100 million of the EU aid will be given to Georgia this year.

These loans are aimed to restore confidence in Georgia’s economy and send a signal to international investors that Georgia’s economy is sound. According to the IMF, international investors have been “critical to Georgia’s economic growth in recent years.”

Takatoshi Kato, Deputy Managing Director and Acting Chairman of the IMF executive committee, said the loan will “make significant resources available to replenish international reserves and bolster investor confidence, with the aim of sustaining private capital inflows that have been critical to Georgia’s economic growth in recent years.”

Georgia has requested $2 billion in international aid to help it recover from the conflict. So far, the United States has pledged $1 billion in aid. Further assistance and loans to Georgia are expected from other organizations. Kato noted that “…Georgia is expected to receive financial assistance from multilateral and bilateral donors and creditors in support of the reconstruction effort.” It is expected that an international donors’ conference will take place next month to solicit more aid for the country.

Georgia’s government expects that economic growth will be more than cut in half as a result of the conflict. Last year, Georgia’s GDP increased 12.4% and it is predicted by the IMF that growth will be less than 4 percent in the coming year.

  • 5 Nov, 2018
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Church of England rejects compromise over women bishops

Sunday, July 11, 2010

The Church of England’s ruling body, the General Synod, yesterday rejected a compromise deal on the divisive issue of women bishops. An amendment to satisfy traditionalists was jointly proposed by its two most senior clerics, the Archbishop of Canterbury, Dr Rowan Williams, and the Archbishop of York, Dr John Sentamu. Despite getting a majority of support across the Synod as a whole, it was rejected after narrowly being defeated in the vote of the House of Clergy.

The amendment would have allowed male “complementary bishops” to cater to parishes, which objected to having a female bishop in their diocese. The bishops would supposedly have “co-ordinate” powers, but some campaigners supporting women bishops said the plans would result in an unfair “two-track” system.

“I do not believe this will deliver, and it is certainly not good news for women clergy,” said Christine Allsopp, Archdeacon of Northampton, of the proposed amendment.

Many traditionalists have strongly opposed the ordination of female bishops, and threatened to leave the Church over the issue. The situation has been worsened by offers from Pope Benedict for disaffected Anglicans to join the Roman Catholic Church instead.

Earlier Dr Sentamu had claimed that Dr Williams was facing “spin and propaganda”, and called for it to end. Dr Williams insisted that the vote should not be considered a test of the Synod’s “loyalty” to the two Archbishops, but the rejection is widely seen as a blow to their authority.

The Synod is due to continue its debate on women bishops over the next few days.

  • 4 Nov, 2018
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Your Questions And Answers About Plastic Surgery In Oahu, Hi

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Today, plastic surgery has become a common procedure. The primary goal of plastic surgery is to improve the appearance of the individual by altering different parts of the body. Healthy individuals, with a positive outlook and realistic expectations, are qualified for the different plastic surgical treatments. Before you undergo Plastic Surgery Oahu HI, it is important first to understand how the procedure is performed and how you can get satisfactory results. The following are some of the most asked questions about plastic surgery.

What is plastic surgery?

Plastic surgery is a term used to describe treatment used by cosmetic surgeons to improve the appearance of a person. There are two branches of plastic surgery, which include reconstructive plastic surgery and cosmetic plastic surgery. Reconstructive plastic surgery is performed to improve the function of different body parts while cosmetic surgery is done primarily to improve the aesthetic appearance of a person.

What are the different types of plastic surgeries?

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There are numerous types of plastic surgery procedures. The most common include:

• Tummy tuck or abdominoplasty

• Mammoplasty, such as breast augmentation, breast reduction, and mastopexy

• Eye surgery or blepharoplasty

• Buttock augmentation

• Lip enhancement and rhinoplasty

• Otoplasty and labiaplasty

What factors should you consider before undergoing plastic surgery?

Before you undergo any plastic surgical procedure, consider:

• Recovery period: You will find that a full recovery will take time, depending on the procedure. Inquire your plastic surgeon about the recovery period and physical effects involved in the treatment process.

• Risks: Many risks can occur after undergoing plastic surgical treatment, including excessive bleeding or infection at the surgical site. Dissatisfaction is also common after any type of plastic surgery.

• Your expectations: You should only expect improvement, not perfection. If you expect plastic surgery to turn you into a celebrity, you are bound to be disappointed. View website for more info.

These are just some of the most important details patients should know about Plastic Surgery Oahu HI. Before undergoing any plastic surgical treatment, it is imperative to first choose an experienced and trusted plastic surgeon. For more information about plastic surgical procedures, and how to contact an experienced plastic surgeon, please go to Thefergusonclinic.com.

  • 4 Nov, 2018
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