AIG reaches deal with government on plans to pay back US taxpayers

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap AIG reaches deal with government on plans to pay back US taxpayers Show Comments ▼ Share KCS-content whatsapp Thursday 30 September 2010 10:13 pm AMERICAN International Group (AIG) laid out a plan yesterday that sets the company on a path for an accelerated payback of taxpayer bailout money, but also increases the risk for the government.The plan, which comes a little over two years after AIG was rescued from the brink of collapse, will see the Federal Reserve Bank of New York getting repaid in full and ending its involvement in AIG, leaving the company to deal with just the Treasury Department.The Treasury will convert some of its AIG securities into common shares, increasing its ownership stake to 92.1 per cent from nearly 80 per cent. That stake will be sold off over time.The Treasury will also effectively buy out the Fed’s interest in two large AIG units that are being sold.Under the repayment plan, the Treasury will get about 1.66bn (£1.06bn) AIG common shares, worth $62bn at Wednesday’s closing share price, in exchange for the $49.1bn of AIG preferred shares it now holds. The deal is expected to close by the end of the 2011 first quarter and will give taxpayers an instant paper profit of more than $10bn, showing the insurer is making progress in disentangling itself from the government and positions the company to tap the capital markets again. But at the same time, it increases the risk for taxpayers, as AIG draws down more of the funds authorised under the $182.3bn bailout and the government swaps preferred stock for common, which can yield a profit but also a loss if the company does not perform well. Tags: NULL whatsapplast_img read more

Banks face a grilling over foreclosures

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content Share Show Comments ▼ Banks face a grilling over foreclosures Sunday 14 November 2010 10:11 pm whatsapp whatsapp BANKS under fire over their foreclosure practices face twin hearings in Congress this week, at which they will come under renewed pressure to find ways to keep borrowers in their homes.The hearings tomorrow and Thursday will include the first appearances by executives from major US lenders like Bank of America and JPMorgan Chase since the furore over sloppy foreclosure paperwork erupted in September.Banks are accused of using “robo-signers” to sign hundreds of foreclosure documents a day, a fiasco that has reignited public anger with banks that received billions of dollars in taxpayer aid during the financial crisis.Lenders will be pressed on whether the paperwork problems are further evidence that modifying loans is a better alternative to eviction.“Foreclosure should be the last option and we need to examine barriers to mortgage modifications,” said Democratic Senator Tim Johnson, who is expected to lead the Banking Committee next year.Other witnesses at tomorrow’s Senate Banking Committee hearing include Iowa Attorney General Tom Miller, who is leading a 50-state probe of foreclosure practices.Miller’s testimony will be closely watched. A settlement with lenders could include fines or commitments to loan modifications.Bank of America and JPMorgan were among banks that temporarily suspended foreclosures pending internal reviews of their practices, but have since begun to resume sales of foreclosed properties.Some lawmakers and consumer activists called in October for all lenders to institute a national moratorium on foreclosures, but they failed to gain traction due to fears it would further depress home sales and crimp economic growth. Tags: NULLlast_img read more

Letshego Holdings Limited ( 2009 Annual Report

first_imgLetshego Holdings Limited ( listed on the Botswana Stock Exchange under the Investment sector has released it’s 2009 annual report.For more information about Letshego Holdings Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Letshego Holdings Limited ( company page on AfricanFinancials.Document: Letshego Holdings Limited (  2009 annual report.Company ProfileLetshego Financial Services Botswana is regulated financial services institution that offers products and solutions for the low- to middle-income sector in Botswana. The company was established in 1998 as Micro Provident Botswana Limited but now operates as a member of the Letshego Group. Letshego Financial Services Botswana is primarily focused on providing financial solutions to individuals who are formally employed by the government of Botswana, parastatals and the private sector. A subsidiary division offers microfinance and savings solutions to individuals generating income in the informal sector. Letshego Financial Services Botswana is able to cater to both sectors by providing simple, appropriate and accessible solutions that are competitively priced. The company was able to diversify its offering through the acquisition of Micro Africa Limited in East Africa, allowing it to provide loans to micro and small enterprises, collective groups and low- to middle-class earners. The company has a presence in 11 countries across southern, east and west Africa; Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Swaziland, Tanzania and Uganda.last_img read more

Morison Industries Plc ( 2014 Abridged Report

first_imgMorison Industries Plc ( listed on the Nigerian Stock Exchange under the Chemicals sector has released it’s 2014 abridged results.For more information about Morison Industries Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Morison Industries Plc ( company page on AfricanFinancials.Document: Morison Industries Plc (  2014 abridged results.Company ProfileMorison Industries Plc manufactures and markets a range of pharmaceutical and hygiene products in Nigeria as well as imports and distributes medical, surgical and hospital consumables. The company is a leader in the field of Woundcare solutions, trauma/arthroplasty and bone graft products in Nigeria. Its Advance Wound Management business offers a range of products from initial wound bed preparation to full wound closure. Antiseptics and disinfectants are marketed under the Morigad brand name. Other well known brands include Gypsona, Dynacast, Soffban, Cutisoft and Leukomed. Morison Industries Plc is involved in merchandising hip, knee and shoulder joints implants as well as ancillary products such as bone cement and biomaterials for elective orthopaedic and trauma surgery; and is a distributor of the full range of Braun medical products. Morison Agro Allied is a subsidiary of Morison Industries Plc and markets a range of agricultural preparations including herbicides and biocide disinfectants under the brand names Glutacide, Germicide and Lysol. Morison Industries Plc has an export license from the Nigerian Exportation Promotion Council to export shea nuts, cashew nuts, cocoa, ginger, bitter kola and sesame seeds. The company also has a division which manufactures and markets products made from fish oil with High Omega 3 content in addition to selling lifestyle products which improve blood pressure and cholesterol levels and helps reduce the risk of heart disease and strokes. The company’s head office is in Lagos, Nigeria. Morison Industries Plc is listed on the Nigerian Stock Exchangelast_img read more

starafricacorporation Limited ( HY2018 Interim Report

first_imgstarafricacorporation Limited ( listed on the Zimbabwe Stock Exchange under the Food sector has released it’s 2018 interim results for the half year.For more information about starafricacorporation Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the starafricacorporation Limited ( company page on AfricanFinancials.Document: starafricacorporation Limited (  2018 interim results for the half year.Company Profilestarafricacorporation Limited is an established sugar refinery in Zimbabwe; manufacturing and marketing sugar-based products under two well-known brand names, Goldstar Sugar and Country Choice Foods. Its product range comprises icing sugar, golden syrup, honey syrup and maple syrup. There are only two sugar mills in Zimbabwe and both are owned by Starafrica Corporation; producing products for local consumption and for export to countries in sub-Sahara Africa. Its subsidiary companies are Starafrica Operations (Private) Limited and Silver Star Properties (Private) Limited which is a property division involved in managing commercial, manufacturing and residential premises in Zimbabwe. starafricacorporation Limited is listed on the Zimbabwe Stock Exchangelast_img read more

FTSE 100 is at a 2-month high! Here’s how I’d invest £10,000 now

first_img Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Manika Premsingh | Saturday, 30th May, 2020 See all posts by Manika Premsingh “This Stock Could Be Like Buying Amazon in 1997” 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. Manika Premsingh has no position in any of the 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.center_img FTSE 100 is at a 2-month high! Here’s how I’d invest £10,000 now 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. Well, almost. At its last close, the FTSE 100 index was at 6,219, which is the highest level seen since early March. My key thought when I look to invest £10,000 now is this: is the stock market recovery firmly underway or are we still on slippery ice? I think it’s important to distinguish between stock market increases driven by liquidity and those driven by underlying business expansion. The present time is clearly not one of expansion, but it is one driven by liquidity. Extensive quantitative easing has encouraged greater stock market activity. Stock markets also seem to have priced in the pandemic’s impact on company performance. So even while business performance flounders, stock prices are rising. Companies that haven’t been impacted by Covid-19 are doing exceptionally well in the equity markets during this time. 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…Macro uncertainty continuesIt’s entirely possible, however, that we are one really bad piece of news away from another stock market plunge. For instance, when the government withdraws (partially or fully) the furlough scheme, there could be unprecedented job losses. It will help keep government spending in check, though, which will positively impact the economy in other ways, but that’s a separate discussion altogether. The point I’m making is, the immediate impact won’t be pretty. But if our past experiences of stock market crashes are anything to go by, markets will stabilise soon enough. We don’t even have to go back to 2008 for that. Just consider FTSE 100’s gains over the past month or so. That gives a lot to the investor to be confident about. How I’d invest £10,000 nowIdeally, it’s best to invest when the markets are at their bottom. But it’s notoriously difficult to time the markets. In other words, I think now is as good a time as any other to invest £10,000. FTSE 100 stocks are still trading at a discount compared to the highs from just a few months ago. I’d consider growth stocks among these as good investment avenues. Some shares have shown impressive recovery in just a short span of time. One example is the low-cost airline easyJet, which wasn’t just hit by the travel lockdown but also internal discord. But its share price has risen sharply since outlook for the company became clearer, and definitely more positive. It remains to be seen how smooth the recovery in its operations is from here, but it’s definitely one to consider. But if cyclical stocks aren’t up your alley, do consider the FTSE 100 pharmaceutical biggie AstraZeneca. It might look expensive but that’s just how it seems to roll. As it works to fight Covid-19, I reckon its share could remain in demand. There are plenty of other instances among FTSE 100 shares alone that offer growth opportunities. I’d invest £10,000 in these shares. My portfolio will have a combination of both low- and high-risk stocks, to hedge my bets and still come out ahead.  Enter Your Email Address Simply click below to discover how you can take advantage of this. 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.last_img read more

Video: Young Adult Service Corps volunteers prepare for service in…

first_img Priest-in-Charge Lebanon, OH Director of Music Morristown, NJ Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET New Berrigan Book With Episcopal Roots Cascade Books Tags Missioner for Disaster Resilience Sacramento, CA Assistant/Associate Rector Morristown, NJ Rector Pittsburgh, PA Youth & Young Adults Featured Jobs & Calls Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Associate Priest for Pastoral Care New York, NY Youth Minister Lorton, VA Rector Washington, DC Rector and Chaplain Eugene, OR Rector/Priest in Charge (PT) Lisbon, ME Video, Video: Young Adult Service Corps volunteers prepare for service in the world This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Submit a Job Listing Assistant/Associate Rector Washington, DC Curate (Associate & Priest-in-Charge) Traverse City, MI Bishop Diocesan Springfield, IL Rector Belleville, IL Rector Collierville, TN Rector Hopkinsville, KY Young Adult Service Corps, Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Comments (1) Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Submit an Event Listing Chris Hamby says: AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis center_img 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 Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Featured Events 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 Curate Diocese of Nebraska November 3, 2016 at 11:23 pm Prayers for you all on this amazing year of mission.-Chris Hamby YASC Alumni Submit a Press Release Rector Albany, NY Family Ministry Coordinator Baton Rouge, LA Rector Tampa, FL Missionaries, Priest Associate or Director of Adult Ministries Greenville, SC Cathedral Dean Boise, ID Rector Martinsville, VA Director of Administration & Finance Atlanta, GA Rector (FT or PT) Indian River, MI Canon for Family Ministry Jackson, MS The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Smithfield, NC Associate Rector for Family Ministries Anchorage, AK 2:54[Episcopal Church Office of Communication] Young adults (21-30 years old) prepare to embark on a year in service that will transform their own lives while engaging mission and ministry in the Anglican Communion through the Young Adult Service Corps.Applications are open for 2017-2018 placements in the Young Adult Service Corps (YASC), with additional information and instructions available here. The application deadline is Jan. 6, 2017.Currently, YASCers are serving throughout the Anglican Communion, working alongside partners in administration, agriculture, communication, development and education. Among possible placements for 2017-2018 are Brazil, Costa Rica, Ecuador, England, France, Ghana, Haiti, Honduras, Hong Kong, Japan, Jerusalem, Mexico, Panama, Philippines, South Africa, South Korea, Taiwan and Tanzania.“The Young Adult Service Corps offers young adults the opportunity to live out their faith in new ways and different contexts,” said Elizabeth Boe, global networking officer for the Episcopal Church. “They commit to spending a year learning from and working, living, and praying with other Episcopal and Anglican communities around the world.”For more information contact Grace Flint, Episcopal Church staff officer for YASC programming, at [email protected] Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Press Release Service Comments are closed. Rector Knoxville, TN Associate Rector Columbus, GA Assistant/Associate Priest Scottsdale, AZ Rector Bath, NC Course Director Jerusalem, Israel An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Posted Nov 3, 2016 Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Shreveport, LAlast_img read more

Martinez House / BHY arquitectos

first_imgArchDaily CopyHouses, Renovation•Martinez, Argentina Houses Save this picture!© Javier Agustín Rojas+ 26Curated by Clara Ott Share CopyAbout this officeBHY arquitectosOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationMartínezOn FacebookArgentinaPublished on February 19, 2021Cite: “Martinez House / BHY arquitectos” [Casa Martínez / BHY arquitectos] 19 Feb 2021. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodGRP Siding Façade SystemGlassMitrexSolar GreenhouseMetal PanelsAurubisMill Finished Copper: Nordic StandardMetallicsHAVER & BOECKERArchitectural Wire Mesh – MULTI-BARRETTE 8130Enclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsSealantsEffisusGutter Repair – TiteGutter3Aluminium CompositesSculptformAluminium Click-on BattensTiles / Mosaic / GresiteMargresPorcelain Tiles – Linea PrestigeMetallicsRHEINZINKZinc Roof Systems – Click Roll CapsTiles / Mosaic / GresiteTerrealTerracotta Cladding TileDoorsECLISSESliding Pocket Door – ECLISSE UnilateralWindowsJoskoWindows and Sliding Doors – ONE SeriesMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Architects: BHY arquitectos Year Completion year of this architecture project Photographs Photographs:  Javier Agustín RojasProject Team:Javier Bracamonte, Julia Hajnal, Gonzalo YerbaCity:MartinezCountry:ArgentinaMore SpecsLess SpecsSave this picture!© Javier Agustín RojasRecommended ProductsGlassDip-TechDigital Ceramic Printing in Art & SignageMetallicsTECU®Copper Surface – Classic CoatedWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusWindowsFAKRORoof Windows – FPP-V preSelect MAXText description provided by the architects. This project consists of the refurbishment and extension of a “Casa Chorizo”, a traditional housing typology that arose in Buenos Aires in the late 20th century, representative of the urban middle class and the immigration waves of the time. This typology is characterised by a succession of consecutive rooms along with a longitudinal patio that functions as the unifying nucleus of the house.Save this picture!© Javier Agustín RojasSave this picture!Axonometric ProjectSave this picture!© Javier Agustín RojasSave this picture!© Javier Agustín RojasThe intervention proposes three main operations: the adaptation of the existing structure of the ground floor to accommodate the social area, the construction of a new level on the old terrace to house the private program, and the revalorisation of the lateral courtyard as a protagonist space structured by a large lightweight envelope which helps stabilise the upper floor.Save this picture!© Javier Agustín RojasThe patio offers a transition zone between the inside and outside, buffering the conditions between both spaces. The generous height of this volume framed by a series of regular ribs, ensures a monumental scale of the space while providing a sense of shelter and safety. Besides structuring the expansion of the upper floor, this envelope supports the incipient invasion of its own and neighbouring vegetation, allowing for the creation of a new landscape which fosters the freedom and imagination of various uses for its occupants.Save this picture!© Javier Agustín RojasSave this picture!© Javier Agustín RojasSave this picture!PlansSave this picture!© Javier Agustín RojasSave this picture!© Javier Agustín RojasThe deciduous vegetation that climbs over the envelope allows for optimal sun exposure during winter and offers shadows on the patio during summer, maximising the use of this space throughout the year. At the same time, the linear garden adjacent to the party wall helps to reduce the high summer temperatures through evaporative cooling and to purify the fresh air for healthy ventilation of the house. The exposed concrete floor both in the inside and outside areas, in addition to the thick preexisting walls of the lateral facade, offers the potential of thermal mass which further helps regulate the temperatures in a passive manner.Save this picture!© Javier Agustín RojasSave this picture!SectionsSave this picture!© Javier Agustín RojasProject gallerySee allShow lessWhen It Comes to Climate Crisis, Traditional Practice Is BrokenInterviewsPARIS XI Office / LAN ArchitectureSelected Projects Share Martinez House / BHY arquitectosSave this projectSaveMartinez House / BHY arquitectos 2020center_img Argentina “COPY” Projects Year:  ShareFacebookTwitterPinterestWhatsappMailOr Clipboard ShareFacebookTwitterPinterestWhatsappMailOr Clipboard “COPY” Martinez House / BHY arquitectoslast_img read more

U.S. threatens wider war on Syria, Iran

first_imgPresident Donald Trump announced on May 8 that the U.S. was unilaterally leaving the Joint Comprehensive Plan of Action — the Iran nuclear deal — and effectively taking a path of direct confrontation with the Islamic Republic of Iran. New sanctions were announced, to take effect within months. Literally hours after the announcement, Israeli missiles rained down just south of Syria’s capital.Israel launched further strikes in Syria on May 10 against what it claimed to be Iranian infrastructure, a claim both Syria and Iran have refuted. This Zionist aggression escalated into an exchange of missiles with Syria, making it the first time Syria has struck the Zionist occupation since 1974. Syrian missiles targeted occupation infrastructure in the Golan Heights, Syrian land occupied since 1967. The Israelis tried to pin these missiles on Iran, too.Trump campaigned on a promise to destroy the JCPOA. At the beginning of 2017, he focused his international warmongering on Iran first and foremost, before moving on to Venezuela, Syria, the Democratic People’s Republic of Korea and others.To some it may appear that this figurehead of world imperialism has a personal enmity toward the Islamic Republic. Perhaps he is driven by deep ideological convictions explained away by neo-conservatism. Maybe the Israeli lobby has become powerful enough to lead the U.S. into wars on its own behalf, against U.S. “national interests.” Many in the mainstream press say Trump is simply unintelligent.In contrast to these half-baked bourgeois narratives, material reality tells us a different story. For starters, a reality TV star doesn’t tell the Pentagon what to do, ideology cannot overrule capital, and in the case of Israel, the tail doesn’t wag the dog. Every war Israel has waged has benefited Wall Street and the U.S. capitalist ruling class.As Gen. Alexander Haig, secretary of state under President Ronald Reagan, said in 1981, “Israel is the largest U.S. aircraft carrier in the world that cannot be sunk.”U.S. for nuclear plans under ShahThere was a time when U.S. capitalists planned a nuclear program for Iran. Under the Shah, a U.S. puppet, General Electric and Westinghouse won eight contracts to construct nuclear reactors in Iran. Before the Islamic Revolution of 1979, Iran had plans to buy 18 nuclear power reactors from the U.S., France and Germany.During the Shah’s reign, the U.S. wanted Iran to be less domestically dependent on oil and export its black gold on the world market, profiting the U.S. firms that controlled the oil. Today the opposite is true.Threats against Iran’s nuclear development, and the previous U.S. interest in limiting Iranian uranium enrichment, were always rooted in U.S. economic dependence on oil. Trump’s decision to kill the JCPOA isn’t in contradiction with this fact; it is a sign that U.S. capitalists are more desperate than ever to maintain their oil and gas profits — desperate enough to recklessly pursue a regional war to devastate Iran and expand existing U.S. occupations.For decades Wall Street and the military-industrial complex fed off of a massive flow of petrodollars from Saudi Arabia and other comprador regimes in the Persian Gulf. The U.S. invasion of Iraq ushered in the fracking boom and a myriad of other huge, unsustainable profits for big oil. That bubble burst, but the insatiable need for profits has some hoping they can relive the magic of the George W. Bush era through Trump.The unilateral action of the U.S. concerning the JCPOA has strong implications for its relationship with Europe. Though the imperialist powers stand united in most colonial policies, Europe is growing increasingly destabilized, and there is discontent among different elements of the European bourgeoisie with the U.S. These contradictions would be exacerbated by expanded wars in West Asia. The U.S. has historically used control of the region’s oil resources as leverage over Europe. A regional war would strengthen U.S. capital at their expense. It’s unlikely, however, that these elements would pose any challenge to a new U.S. war.Pentagon setbacks in SyriaSetbacks for the U.S. on the Syrian front are a major factor in the drive to war with Iran. Since the Russian intervention in September 2015, the Syrian state and allied forces have had one decisive victory after another. Thousands of death squad fighters, with billions of dollars in funding and often advanced weaponry, have been disbanded, disarmed or defeated. Any hope of the U.S. or its allies to liquidate the Syrian nation through proxy forces has been completely abandoned.Syria is now confronted directly by a Turkish invasion in the northwest, a U.S. occupation through the YPG (the Kurds’ People’s Protection Units) across northern and eastern Syria, a U.S.-Jordanian base close to Jordan in al Tanf, an Israeli occupation of the Golan Heights and a buffer zone of Israeli-supported contras surrounding it. Despite this, Syria controls the majority of its land.This direct confrontation marks a new and very dangerous phase of the war against Syria. Syrian President Bashar al-Assad confirmed this in a recent interview in which he said Syria is fighting the terrorists, meaning the armies of Turkey, the U.S. and Saudi Arabia.“Forget about the different factions and who is going to finance those factions; at the end, they work for one agenda, and those different players obey one master: the American master. [Turkish President] Erdoğan is not implementing his own agenda; he’s only implementing the American agenda, and the same goes for the other countries in this war.“So, first of all, you have to fight the terrorists. Second, when you take control of more areas, you have to fight any aggressor, any army. The Turkish, French, whoever, they are all enemies; as long as they came to Syria illegally, they are our enemies.” (, May 10)Though Iran has an extremely limited presence in Syria, it has been a longtime ally of Syria and played a vital role in defeating proxy armies there. A direct confrontation with Syria is, de facto, a direct confrontation with Iran. Iran has expressed multiple times that if it doesn’t stop ISIS and its ally, the United States, in Syria and elsewhere, Iran will have to defend itself on its own territory.The opening of the U.S. Embassy in Jerusalem, the Israeli strikes in Syria, the ongoing massacres of Palestinians commemorating the Nakba, the cancelling of the nuclear deal, and other regional provocations are also aimed at a key ally of Syria, Iran and the Palestinians: the Lebanese Islamic resistance, Hezbollah. The Lebanese resistance and their allies won an impressive victory in the May 6th Lebanese elections, solidifying the bond between liberation forces and the Lebanese state.The U.S. and Israel are itching for a war to tip the balance of forces in the region by dealing a decisive blow to Hezbollah. Hezbollah itself has warned that the next time it fights Israel, it won’t be alone. Iran, Syria and national liberation forces throughout the region will fight alongside them.The U.S. and Israel are moving in concert toward a wider war against Syria and Iran, a war for the benefit of U.S. banks, oil corporations and the military-industrial complex. This war will not only cost millions more lives in West Asia, it will plunge working class and oppressed people around the world into further devastation.The working class and oppressed peoples may be at different barricades around the planet, but we are all struggling for survival and a new world against this suicidal imperialist system.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Safetown promises improved security

first_imgAdvertisement Facebook WhatsApp Linkedin Previous articleCharges discontinuedNext articleCourt warning over offensive clothing admin Twittercenter_img NewsLocal NewsSafetown promises improved securityBy admin – November 2, 2012 487 Email Print A NEW initiative has been launched to help towns and urban communities protect themselves from criminal activities and anti-social behaviour. Northwood Technology is the Irish company behind the “SafeTown system” which uses  high-definition surveillance cameras that have a similar capability as 20 conventional CCTV cameras. Already in use on a trial basis in Charlestown, Co. Mayo, Northwood claims that anti-social behaviour has been eliminated from the town as a result of the new cameras.Sign up for the weekly Limerick Post newsletter Sign Up A company spokesman explains that the cameras can zoom in on faces, car number plates or incidents up to 500 metres away and can provide court-standard video evidence to Gardaí investigating crimes or anti social behaviour.“Local traders confirm how the use of SafeTown helped their businesses by eliminating anti-social behaviour, making shoppers, visitors and the local population feel safer and more secure.“The SafeTown system works continuously all day every day, without the need for human intervention or monitoring. The system can retrospectively replay every movement around the time of the incident and zoom–in, capturing the finest detail with the greatest clarity available from any CCTV system worldwide. This can be done days or weeks after an incident is reported to Gardaí”, the spokesman said.last_img read more