UK Tote agrees £50m deal with Britbet

first_imgHorse racing 30th October 2018 | By contenteditor Subscribe to the iGaming newsletter UK Tote agrees £50m deal with Britbet Seven-year deal signed after months of negotiations AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Marketing & affiliates Sports betting Horse racing Regions: UK & Ireland The future of the Tote has been assured for the next seven years after a partnership worth £50m was agreed between its owners and the UK’s racecourses.The Tote, which is owned by BetFred and Alizeti, and Britbet will combine to offer a single pool on races run at 55 racecourses and be the official global pool betting provider. Britbet was set up earlier this year with major shareholders including Jockey Club, Arena Racing Company and Scottish Racing banners, as well as Goodwood, Newbury and York.As expected, the Tote’s owners will take responsibility for the brand’s digital output and growth, seen as “crucial” according to a Tote source. It will also look after betting shops and marketing.Britbet will be in charge of the Tote’s racetrack operations and employ workers at all those locations. The racecourses will receive £50m from the Tote over the next seven years.The future of UK tote betting has been in flux since the end of the Tote’s seven-year monopoly in February. Alizeti, a consortium led by racehorse owners and CEO Alex Frost, bought 25% of the business from Betfred in May, while the racetracks formed the Britbet brand as a rival. The two agreed to begin negotiations over a potential partnership in June, just weeks before Britbet was due to roll out its brand across its racecourses.Frost today said in a statement: “We are committed to being part of helping secure British racing’s finances for generations to come through a revitalised Tote.“This deal is another very important step forward in enabling this to happen and follows on from the Tote’s existing partnership with Ascot, ensuring the sport now has a united approach to pool betting.”The Tote said it was not in a position to discuss expectations for the Tote’s performance and growth over the course of the next seven years. The Tote told iGamingBusiness.com it did not recognise forecasts of £65m EBITDA by 2024, which were reported by some media outlets earlier this year.Alizeti has boosted its management team in recent months having brought in former Sportech CEO Ian Penrose as strategic and operations advisor. Jamie Hart, the former William Hill and Tabcorp executive, has arrived as head of product, while Emma Crowe, once with Paddy Power Betfair and PokerStars, is head of marketing.As well as the £50m earmarked for the courses, the UK racing industry will also benefit as the Tote will work with At The Races (ATR), the Racecourse Media Group (RMG) and GBI Racing to promote British racing around the world.Neil Goulden, chairman of Britbet, said his organisation’s primary focus during months of negotiation has been to “maximise the returns available through pool betting” for the 55 racecourse partners.“This has now been realised,” he said. “We now look forward to working with the Tote consortium to deliver the innovation and investment that will allow pool betting to flourish and, in turn, serve the sport we love.“The rollout of our new technology across the 55 racecourses along with the operational control we have been exercising since July 13 remains central to the Britbet vision. This agreement now gives us scope to deliver an even richer experience for our racecourse customers.” Tags: Online Gambling Race Track and Racino Email Addresslast_img read more

Turnstar Holdings Limited (TURNST.bw) 2005 Annual Report

first_imgTurnstar Holdings Limited (TURNST.bw) listed on the Botswana Stock Exchange under the Investment sector has released it’s 2005 annual report.For more information about Turnstar Holdings Limited (TURNST.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Turnstar Holdings Limited (TURNST.bw) company page on AfricanFinancials.Document: Turnstar Holdings Limited (TURNST.bw)  2005 annual report.Company ProfileTurnstar Holdings Limited is a property investment company operating in Botswana and Tanzania. The company mainly invests in retail property, with some investment in commercial, residential and industrial properties. Turnstar Holdings Limited has maximised its property performance through proactive asset management, property management and leasing. Its diversified property portfolio includes prime retail destinations in Botswana: Game City Shopping Centre, one of the largest and busiest in Gaborone; Nzano Shopping Centre in Francistown; Supa Save Mall in Gaborone; and Mlimani Shopping Centre, a major retail destination in Dar Es Salaam. Turnstar Holdings Limited acquired its first office in Dubai in 2017, located in a prime real estate area between Al-Basari and Dubai Legends.last_img read more

National Bank of Kenya Limited (NBK.ke) 2018 Annual Report

first_imgNational Bank of Kenya Limited (NBK.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2018 annual report.For more information about National Bank of Kenya Limited (NBK.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the National Bank of Kenya Limited (NBK.ke) company page on AfricanFinancials.Document: National Bank of Kenya Limited (NBK.ke)  2018 annual report.Company ProfileNational Bank of Kenya (NBK) Limited is a financial services institution providing banking products and services for the retail, commercial corporate and Islamic banking sectors in Kenya. Its full-service offering ranges from transactional banking products to term deposits, personal loans and overdrafts, insurance premium finance, liquidity management, treasury services, custodial services and asset finance services. National Bank of Kenya offers mortgage products to salaried and business customers under the National Homes brand. The company also offers account relationship management and bancassurance products. It operates through a wide network of branches and ATMs in the major towns and cities of Kenya. Its head office is in Nairobi, Kenya. National Bank of Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

The Co-operative Bank of Kenya Limited (COOP.ke) Q32018 Interim Report

first_imgThe Co-operative Bank of Kenya Limited (COOP.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2018 interim results for the third quarter.For more information about The Co-operative Bank of Kenya Limited (COOP.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the The Co-operative Bank of Kenya Limited (COOP.ke) company page on AfricanFinancials.Document: The Co-operative Bank of Kenya Limited (COOP.ke)  2018 interim results for the third quarter.Company ProfileThe Co-Operative Bank of Kenya Limited is a financial services institution offering banking products and services for the retail banking and wholesale banking sectors in Kenya. Its full-service offering ranges from transactional banking products to access accounts, LPO financing, invoice discounting services, term loans, asset finance and letters of credit. The company also provides medical, motor, general, life, agriculture and micro-business insurance as well as treasury products, fixed income and money market products and money transfer services. The Co-Operative Bank of Kenya was founded in 1965 and its head office is in Nairobi, Kenya. The company is a subsidiary of Co-op Holdings Co-operative Society Limited. The Co-Operative Bank of Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

Regency Alliance Insurance Plc (REGALI.ng) 2020 Abridged Report

first_imgRegency Alliance Insurance Plc (REGALI.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2020 abridged results.For more information about Regency Alliance Insurance Plc (REGALI.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Regency Alliance Insurance Plc (REGALI.ng) company page on AfricanFinancials.Document: Regency Alliance Insurance Plc (REGALI.ng)  2020 abridged results.Company ProfileRegency Alliance Insurance Plc is an insurance company in Nigeria licensed to cover all classes of non-life insurance. The company also has business interests in property investments in the form of real estate development and leasing, finance leasing, retail and microfinance banking and vehicle tracking and fleet management services. Regency Alliance Insurance Plc covers aviation, bonds, goods in transit, motor vehicles, employer’s liability, plant and industrial all-risk, marine, oil and energy, contractor all-risk, director’s liability, fidelity guaranty, professional indemnity, public liability, erection all-risk, machinery breakdown, business interruption, burglary, personal accident and fire and special perils insurance as well as occupier’s and builder’s liability, healthcare professionals, motor third party insurance and property and family protection insurance. RIC Properties & Investment Limited is a subsidiary of Regency Alliance Insurance Plc. The company’s head office is in Lagos, Nigeria. Regency Alliance Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Church of England launches online prayer drive

first_img Featured Jobs & Calls Tags Youth Minister Lorton, VA Rector Pittsburgh, PA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Associate Rector for Family Ministries Anchorage, AK Rector Knoxville, TN Rector and Chaplain Eugene, OR Rector Tampa, FL Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem New Berrigan Book With Episcopal Roots Cascade Books Featured Events Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Shreveport, LA Curate (Associate & Priest-in-Charge) Traverse City, MI Priest-in-Charge Lebanon, OH 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 Bishop Diocesan Springfield, IL Submit an Event Listing Rector/Priest in Charge (PT) Lisbon, ME Posted Nov 23, 2015 Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Curate Diocese of Nebraska Rector Smithfield, NC [Anglican Communion News Service] The Church of England has launched an online campaign to encourage a renewal of prayer life in the nation; but the organizers could not have expected that the launch of its new website would have received quite as much publicity as it has – thanks to a decision by the UK’s three largest cinema chains to ban an advertisement featuring the Lord’s Prayer.Refugees in a support center pray the Lord’s Prayer in a scene from the Just Pray cinema advertisement. Photo/Anglican Communion News ServiceThe advertisement, which features a range of characters reciting the Lord’s Prayer, including weight lifters, a police officer, a commuter, refugees in a support center, school children, a mourner at a graveside, a festival goer and the Archbishop of Canterbury, was prepared by the communications department of the C of E, working with the cinema’s advertising agency. It had been intended to show the advertisement ahead of screenings for the new Star Wars movie, The Force Awakens, which opens on 18 December.The 60-second advertisement has been granted a U certificate by the British Board of Film Classification, meaning that it is suitable for all audiences; and has been cleared by the Cinema Advertising Authority. But the UK’s three largest cinema chains – Odeon, Cineworld and Vue – have refused to show the it, saying that it “carries the risk of upsetting, or offending, audiences.” This effectively bans the advert from 80 per cent of all cinema screens in the country.“I find it extraordinary that cinemas rule that it is inappropriate for an advert on prayer to be shown in the week before Christmas when we celebrate the birth of Jesus Christ,”  Archbishop of Canterbury Justin Welby said. “Billions of people across the world pray this prayer on a daily basis. I think they would be astonished and deeply saddened by this decision, especially in the light of the terrorist attack in Paris where many people have found comfort and solace in prayer.“This advert is about as ‘offensive’ as a carol service or church service on Christmas Day. As a church we are a Jesus movement and this is the prayer which Jesus taught his disciples.”Welby urged people to watch the advert “and come to their own conclusions as to whether it is offensive or upsetting. Let the public judge for themselves rather than be censored or dictated to.”The ban was described as “plain silly” by the Archbishops’ Council’s director of communications, the Rev. Arun Arora.“The Lord’s Prayer is prayed by billions of people across the globe every day and in this country has been part of everyday life for centuries,” he said. “Prayer permeates every aspect of our culture from pop songs and requiems to daily assemblies and national commemorations.“For millions of people in the United Kingdom, prayer is a constant part of their lives whether as part thanksgiving and praise, or as a companion through their darkest hours.”In one way the decision of the cinemas is just plain silly but the fact that they have insisted upon it makes it rather chilling in terms of limiting free speech. There is still time for the cinemas to change their mind and we would certainly welcome that.”In 1999, the British Christian singer Cliff Richard released the Millennium Prayer, a single featuring the words of the Lord’s Prayer set to the music from Auld Lang Syne. It was released by the independent record label Papillon after his own record company, EMI, said that they wouldn’t release it; and many radio stations refused to play it.But it was an unlikely hit with the public – reaching number one in the official charts for three weeks running; staying in the Top 10 for seven weeks and the Top 75 for 16 weeks. In 2000, it received an Ivor Novello Award from the British Academy of Songwriters, Composers and Authors, in recognition of it being the biggest selling UK single of 1999.The justpray.uk website, which has been produced by the C of E with the support of the Allchurches Trust – owners of Ecclesiastical Insurance, the company which insures most C of E churches – has been designed to “promote the renewal of prayer in a digital age.”It creates a place for prayer with advice on what prayer is and how to pray. The site also provides a ‘live prayer feed’ of prayers being prayed across the globe through social media platforms.In addition to the banned cinema advert, the C of E has produced a range of postcards and postcards to promote the new website. 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 Assistant/Associate Rector Washington, DC Priest Associate or Director of Adult Ministries Greenville, SC Rector Albany, NY Press Release Service Assistant/Associate Rector Morristown, NJ Assistant/Associate Priest Scottsdale, AZ Associate Priest for Pastoral Care New York, NY Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Director of Administration & Finance Atlanta, GA Canon for Family Ministry Jackson, MS Course Director Jerusalem, Israel Submit a Press Release Rector Martinsville, VA Director of Music Morristown, NJ 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 This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Hopkinsville, KY Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Belleville, IL Rector Washington, DC Family Ministry Coordinator Baton Rouge, LA Rector (FT or PT) Indian River, MI Rector Bath, NC Anglican Communion Submit a Job Listing Missioner for Disaster Resilience Sacramento, CA Cathedral Dean Boise, ID Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Church of England launches online prayer drive Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Collierville, TN The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Associate Rector Columbus, GAlast_img read more

A Rusty Tin Can

first_img September 8, 2020 at 9:59 am Image by Dreamstime Charles Towne TAGSCharles TowneInspirationLife-Giving WaterRedemptionStoryTin CanValue Previous articleThe Ebb and Flow of a Busy LifeNext articleWhy Is Collagen So Important For Our Health? Denise Connell RELATED ARTICLESMORE FROM AUTHOR Charles towne September 8, 2020 at 11:27 am Support conservation and fish with NEW Florida specialty license plate The Anatomy of Fear September 7, 2020 at 2:37 pm September 6, 2020 at 1:20 am Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Reply Reply September 8, 2020 at 9:25 pm September 7, 2020 at 10:00 am Reply EdG WOW! Yes, a very beautiful story!Thank you for reminding us of just what we can become with Jesus.Isn’t it wonderful that He can make us into something wonderfully valuable! Thanks Chuck!God bless you! Yes I believe in Miracles! I lived with one for 50 years, and during the time Betty was at FLNC, passing out her story, I was fortunate to meet you Chuck. in 1968 my wife, Betty, had an auto accident and was given 3 days to live. Her injuries included Concussion within mm’s of breaking her neck, 9 broken ribs with one puncturing her left lung, sternum broken in 3 places, lower jaw 3 breaks, upper jaw 1 break, 8 teeth knocked out 3 embedded in roof of mouth, tongue ripped up blocking breathing, left kneecap knocked off, heart and kidneys bruised, brain stem damaged (worst damage of all). Two Neurologists said blood in her spinal fluid was so bad she couldn’t survive. Betty lived for 50 more years and I was her constant care giver until she went to Heaven in 2018. September 6, 2020 at 11:50 am Powerful. I think this is one of my favorites. Faith…so magical. Amazing…..Love you my dear friend! Judith Hankes 22 COMMENTS Reply NH EdG, thanks for your affirmation. I am so glad that you enjoyed it, Chaz September 6, 2020 at 11:40 am September 6, 2020 at 5:05 pm ADP Herb & Susette Weissman Charles Towne Yes ADP, I like to think that is what we would do. So many times we devalue what we consider worthless. It is wonderful that the Father sees each of us as valuable, Thanks so very much and many blessings from the Life Giver, Chaz September 11, 2020 at 10:57 am September 6, 2020 at 3:52 pm Beautiful parable. The Life Giver was found in a desert; often it takes a desert experience to bring one to the Life Giver.Love and blessings. YES CSG, AND DOESN’T HE SAY SOMETHING LIKE, “I WOULD RATHER BE A RUSTY TIN CAN IN THE HOUSE OF THE LORD THAN A GOLDEN CHALICE?” NO, COME TO THINK OF IT THE WORD IS GATE KEEPER, OR SERVANT, ISNT IT? O, WHAT A WONDERFUL FRIEND HE IS? GOD BLESS YOU DEAR FRIEND! CHAZ Charles Towne Reply Reply September 6, 2020 at 9:13 am Love it! I’ve experienced miracles…large and small…and I’m so thankful I know Who the Miracle Maker is! Thank you for the beautiful reminder that the greatest gifts are always found in His presence! September 7, 2020 at 2:38 pm Charles Towne Reply Well done. Thank you. Reply Mike M. and it is great faith that we need isn’t it? I have always been impressed by your faith Mike, bless you and yours my friend, Chaz Love the images, wandering lost, looking for something, not sure what, finding the life giving water, the transformation of the old tin can into a precious chalice and after drinking from the cup, finding salvation and I like to think, beginning a new life with a new purpose, leaving that desert forever in the past! Mike McFadden Reply Charles Towne September 8, 2020 at 9:36 am Leo Reply Great way to make your point. I think that I would rather read you fables than those of Aesop. Can not wait for next one. Reply Dear Dr. Doctor Judith, There are different desserts but He is the perfect guide to lead us to hope and peace. I have found myself lost and alone, but then one day I opened, No, HE opened my eyes. That revealed to me hope immeasurable, and joy. Bless you and yours always, Chaz Ahh Herbert my friend, you are too kind when you compare my feeble pennamorphic foibles with the master of fables himself. Bless you dear newly weds and keep you safe for many doozies of yearses of joyfulners, and romances with much sloppinesses of sucking face! From,”On Golden Pond.” Chaz Charles Towne September 11, 2020 at 4:33 pm InspirationBy Charles TowneDo you believe in miracles?  I do.  But just what is a miracle?  How do you explain something that defies logic? Or, if you will, how can you justify something, anything, that goes against the natural laws… the laws of nature?  I can’t. But that miracles happen, yes, I believe, because I have seen them. Let me explain with a story.Now my story is only a story… but it might very well be your story too. And if it is your story as well as my story, then it is our story. The story, and miracle, I speak of is the story of the redemption by and through Jesus Christ our Lord. It may not sound like our redemption story at first… but read on.He was lost in the desert and dying. How he came to be in such a predicament is not really important, but that he was there was the truth of the matter. He had used the last of his water two days past. Thirsty? I should say so.He was in desperate trouble. The sun was hot, and yet, last night almost as soon as the sun set, it became so cold he was convinced he was going to freeze to death. And now he was certain that, due to dehydration, he was beginning to hallucinate because there in front of him… just there… so close… was a grove of palm trees. At first he was sure that what he was seeing was a mirage; but no, it had to be real, because a hawk flew up from the palm trees and winged away over the dunes. As he approached the grove he was relieved to see a sight that gave him great joy. There, right in front of him, was a pool of life-giving water! He dropped to his knees next to the pool, only to realize that he couldn’t quite reach the water. He was so close, yet not close enough to get to it.He let his eyes wander and there in the grass, at the edge of the pool, close enough that he could touch, was a tin can. One end had been cut out to enable it to be used as a cup, but it had been laying there for so long rust had eaten holes in it. Just a worthless, old, rusty tin can.He reached out and picked the can up anyway thinking that it might yet hold a little water, and as he held it, right there in front of his own eyes (he wouldn’t have believed it if he hadn’t seen it) the tin can was transformed! It didn’t just change into a shiny, new tin can, oh no; it changed into a valuable, solid gold chalice! Wow! Now that might be considered a miracle, don’t you think? Maybe…?  Not questioning, he reached down with the gold chalice, dipped up some of that cool, clear water, and he drank.Just then he heard something above him. Looking up he saw a search plane coming in for a landing. He was truly going to be saved!He jumped to his feet, still holding the gold chalice, and with great relief and joy began to run toward the plane. But then he stopped and stared at the chalice. It was no longer gold, nor was it beautiful. What he held was just an old, rusty, tin can.He walked back to the pool, and bending down, he smiled as he carefully laid the old tin can back where he had found it. He realized that it only had the possibility of becoming a gold chalice when it was in the presence of that pool of living water.Isn’t that the way it is with us?  Our genuine value is always there as long as we remain in the presence of the Life Giver.Charles Towne is first and foremost a Christian. An octogenarian, author, journalist, wildlife photographer, naturalist, caregiver, and survivor, his life has been and continues to be, a never-ending adventure filled with possibilities never imagined. He has adopted the philosophy that to Live fully, laugh uproariously, love passionately, and learn like there is no tomorrow, is a formula for a long and joy-filled life. Leo, my friend and my brother, each and every breath we take is a miracle of life. To appreciate what God has given to us and continues to give us, that gratitude is a miracle. When we see a smile, when we hear a kind word, everything good is a miracle, our friendship is a miracle from Him, bless you my brother in Jesus, Chaz September 6, 2020 at 2:30 am Share on Facebook Tweet on Twitter Dear NH, there is an interesting phenomenon here, that the more of the lifesaver I get, the more I want! Bless you dear friends, Chaz Reply Charles, my Little Bro … Our friendship is a Miracle. Our surviving all days, another miracle. Every single thing that we got all time is a miracle, but only PaPaGOD sees and feels the difference.At our age we start to feel that many things don’t come alone.GOD Bless You Little Brother … September 6, 2020 at 5:21 pm Reply I believe! That is a miracle! You, are a miracle! Your family is a miracle! Love is a miracle! Bless you and yours, chazo September 8, 2020 at 10:12 am Great story. Especially when he left the cup behind for others to be saved. Reply Save my name, email, and website in this browser for the next time I comment. September 7, 2020 at 6:43 pm Reply Richard Rich, such is life. He gives us what we need just when we need it. What a wpnderfil friend he is. All blessings on you pal, chaz Reply Charles Towne Reply Please enter your comment! Please enter your name here Reply Dear Don, yes pal, and what you have proven to me is that some of the greatest miracles in our lives are the people we meet. The night I sat with you as we kept a vigil with Betty until she breathed her last, that was a miracle, as is our friendship today. You are a miracle my brother and Papa God loves you so very much. Bless you pal, Chaz September 9, 2020 at 8:49 am Reply LEAVE A REPLY Cancel reply Faith Charles towne Charles Towne September 6, 2020 at 11:44 am Reply Charles Towne September 6, 2020 at 9:14 am CSG Reply Don Young Reply You have entered an incorrect email address! Please enter your email address here Great story and more importantly a lesson in faith.last_img read more

Down with Greek austerity. Let the bankers pay!

first_imgStudents in Athens, Greece, protest austerity and education cuts.Since February, shortly after the electoral bloc Syriza won Greece’s national elections on an anti-austerity program, negotiations have been going back and forth between Syriza and the Troika over Greek government debt. The Troika refers to the International Monetary Fund, the European Central Bank and the European Commission.In the latest developments, the Greek government skipped a payment to the IMF of 300 million euros due on June 5 and is scheduled to bundle it with subsequent payments on June 30. Also, the Communist Party of Greece has announced mass demonstrations in the upcoming weeks.It is important to grasp the nature of the present negotiations and this struggle. It is a struggle over concessions. It is a struggle by the Syriza government to loosen the viselike grip of austerity that has brought untold suffering to the Greek workers and to ward off new attacks on pensions and wages.Syriza: reformists trying to hold off an attackSyriza is not trying to overthrow Greek capitalism. Perhaps a more revolutionary struggle could eventually emerge, but even the most revolutionary leadership must understand that at this point the main axis of the struggle is to ward off the blows of finance capital aimed at the workers and to arrest the most extreme measures of austerity. Slogans against Greek capitalism and for socialism must be raised for the sake of the future of the struggle. But at the same time all efforts must be made to strengthen the immediate fight against austerity.It is also important to understand the forces in the struggle. Syriza is a left social-democratic formation with different currents in it. The leadership, represented by Prime Minister Alexis Tsipras, is not at all revolutionary. It is administering the Greek capitalist state, which is based on capitalist exploitation and wage slavery. Whatever these leaders say, they are in the position of upholding Greek capitalism. They could capitulate at any time because the leadership is locked into the capitalist framework of the European Union.But Syriza’s main struggle now is not against the working class of Greece but against the financial oligarchy, which is trying to tighten the screws on the working class. This must be acknowledged in order to find the correct road in the struggle.To be sure, the Syriza leadership is wavering and inconsistent, seeking to reconcile the irreconcilable — that is, to pay the debt but also get an “honorable settlement” that does not cross the red lines of pension protection, wage protection and general social protection for the workers.Syriza, after initially repudiating the debt, now acknowledges the obligation to pay a large part of what is, in fact, a fraudulent debt imposed by means of financial extortion.But having said all that, up to now the government, unlike previous governments, has been trying to hold off an attack.Finance capital holds many stringsIt is important to understand the relationship of forces in the struggle. On one side is European finance capital, headed by German imperialism, along with the French, Dutch, Italian, Belgian and 17 other European imperialist powers.On the other side is the Greek social-democratic government. The Greek government is not financially sovereign. It cannot issue its own currency under the rules of the eurozone. It cannot finance its way out of debt. It is totally dependent on funds from the ECB. And it is subject to harsh retaliation if it defaults.The European bankers control the money. The ECB is dominated by Berlin. It can shut down the Greek financial system at any time by withholding funds from its banks. Money is the starting point of all production and commerce under capitalism, and the bankers control the money.The relationship of forces is clearly unfavorable to the Syriza government in the present crisis. The question of leaving the eurozone and issuing drachmas, the former Greek currency, is one possible scenario. It should be explored and preparations made for such an eventuality — if that becomes necessary.Syriza’s true leverage: mass mobilization and bankers’ fearAt the negotiating table, the Syriza government has some leverage.First, the euro bankers and the U.S. bankers fear that unknown crises could result from a Greek default. They fear a default could set off a chain of defaults, such as happened when Lehman Brothers was allowed to fail in 2008.This is a passive advantage held by Athens — if they can hold out. But the major card has not been played. The factor that would give greater leverage to Greek negotiators is for the masses to be out on the streets, fighting militantly against austerity.Given the extraordinary imbalance in the relationship of forces between the Greek government and the euro bankers, it is incumbent upon the government to mobilize the masses. A strong mass fightback would not only electrify the people and frighten the bankers, but could also set off solidarity struggles throughout Europe.This is what the bankers in Berlin, Paris, Brussels and Washington fear most. The Political Secretariat of Syriza recently called for a national mobilization. But so far the Tsipras leadership has been nonstruggle. It does not match its defiant words in parliament and in public commentary with defiant deeds.Several mass demonstrations took place during the early stages of the negotiations in February and March. But there has been no followup.To appreciate the potential for mass resistance, it is worth remembering that Syriza was elected with around 33 percent of the vote. But after the victory, when Tsipras announced his plans — to fight austerity, demand a cut in the debt, rehire fired workers, protect pensions and collective bargaining rights, and subsidize the poor — his popularity in the polls shot up to close to 80 percent! This means that people who voted for the traditional bourgeois parties went over to Syriza in droves, at least in sentiment.Five years of austerity governmentsThe history of recent Greek politics will give an appreciation of the impact on the population of Syriza’s efforts to combat austerity, however inconsistent they may be.The global capitalist financial crisis struck in 2008. Since 2009, all the Greek governments have acted as vassals for the German, French, Dutch, U.S. and other bankers. These governments passed austerity budget after austerity budget. These vassals from the New Democracy Party and PASOK (so-called “socialists”) followed the dictates of the Troika.The global financial crisis bankrupted the Greek government. The government in Athens owed hundreds of billions of euros in debt to bankers and private bondholders. In order to protect those bankers and bondholders against a possible Greek government default on its debts, the Troika lent “bailout money” to the government, on the condition that it impose austerity on the workers.It was the banks that were actually being bailed out, not the Greek masses. For example, between March 2010 and 2012, the Greek government made 23 payments to the Troika, amounting to 206.9 billion euros. At least 77 percent of that money went to the financial sector. (The International Attac network)One Greek capitalist government after another paid hundreds of billions of euros to the bankers, who had caused the crisis in the first place and are now profiting from it. The Greek governments have been paying the bankers who loaned them bailout money with tax money taken from the workers and with money gained from cutbacks in pensions, wages, layoffs and privatizations of public facilities.These governments have been a willing part of a vicious cycle. For five straight years, without letup, they attacked the working class in order to pay the rich. Half the population is now in poverty. Production is down over 25 percent. Unemployment is sky high. Hunger is everywhere. Greece is suffering from a Great Depression of its own. The Troika has been demanding draconian cuts — and each government has dutifully complied.Syriza is the first government since the crisis began that has said “Enough!” and has tried to put a stop to the austerity measures. But it has few means to do this without the combative mobilization of the working class, the youth, the oppressed and all the victims of austerity.Greek Communist Party to mobilizeIt is a good omen that the Communist Party of Greece (KKE) has called a mass demonstration for June 11 and another on June 25. Through years of class struggle and the fight against fascism and reaction, the party has earned a great following among the workers. Since the negotiations began with the Troika in February, their absence up until now has been sorely missed.Hopefully, the KKE will find a way to attract the broader masses and to win them over to an anti-capitalist perspective and to the struggle for socialism. This has been their program.But this can best be done by directing their fire at the Troika as the main enemy and supporting the demand for lifting the austerity alongside raising the anti-capitalist struggle. It is urgent that the masses see this first and foremost as the KKE and the workers in the unions pushing against finance capital, fighting the new attacks and battling to lift the austerity.If the Syriza leadership falters and yields to demands for austerity, then a revolutionary left that has been in the struggle against austerity will be in a credible position to step in and give ­leadership.The Greek masses should not have to pay one more euro to the Troika. The onerous debt imposed by the financial vultures who prey on the working class should be thoroughly repudiated.The Greek masses should be organized and mobilized to resist any and all retaliation and punitive measures imposed by the bankers. And they should be prepared to leave the eurozone — if it comes to that. The KKE, and left forces in and out of Syriza, can and must play a key role in that struggle. It is not too late to strike a hard blow at finance capital — at all the monied powers lauding it over the workers and all the downtrodden. Make the bankers pay!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Revolutionary queer and trans people protest anti-Black national anthem at Pensacola Pride

first_imgAt this year’s Pensacola Pride festival, there was a defiant protest of the organizers’ decision to ignore nearly 200 petition signers and lead off the festival with the pro-slavery U.S. national anthem. A group of 15 working-class people, mostly transgender people, voiced their principled dissent.As the anthem was being sung at the beginning of Pride celebrations, protesters unfurled a banner that read, “O SAY CAN YOU SEE? FRANCIS SCOTT KEY SUPPORTED SLAVERY!” They held it up in front of the stage for the anthem’s duration and then marched with the banner around Seville Square Park where booths were set up.This protest was led by Strive, an anti-capitalist, anti-imperialist, anti-racist transgender advocacy organization. Several of its members are currently candidates in Workers World Party, and two of the candidates participated directly in the action, as well as this writer, a leader of Strive.The protest came after several weeks of attempts to have the national anthem removed from Pride. Strive made a public statement outlining in detail the history of the song and the anti-Black, usually overlooked third verse, and the fact that Francis Scott Key was a fierce critic of abolitionism and proponent of slavery. The anthem is anti-Black, racist and outdated, and therefore has no place in Pride or in any sectors of the LGBTQ2S+ movement. The Gay Grassroots organizers of Pensacola Pride acknowledged this anti-Black history, but chose to keep the anthem, citing, “their love of the military” over the protests of hundreds of Black and Brown, queer and trans people who supported its removal. Strive’s line is that racism and imperialist war are fundamentally contradictory to the goal of LGBTQ2S+ liberation. After being told by Gay Grassroots that “silent, respectful protests” would be allowed, Strive arrived at the park to be greeted by a hostage negotiator cop, who seemed to know about Strive’s protest before it even began. Gay Grassroots claimed that their organization had not called the cops — but someone must have. Strive’s protest continued, despite this attempt at intimidation. Strive and allies put up an “empty-chairs” vigil to honor the 11 transgender women of color murdered in the U.S. so far in 2019. Tribute was also paid to Nigel Shelby, a 15-year-old gay Black youth who committed suicide in April due to bullying in Alabama. In effect, the cops were called out on LGBTQ2S+ people because of a silent protest and a vigil dedicated to murdered Black transgender women and a gay man.After the protest, Strive attempted to set up a booth to distribute free materials to the people — zines, buttons, papers and hygiene products. Strive did not register as a vendor because the organization was not selling anything (as is always the case). Also Strive did not pay the vendor fee because the $75 fee is an outrageous amount of money to pay at a Pride event in order to be visible. In response to Strive giving away free materials to people, Gay Grassroots again called the cops — the second time cops were summoned against Strive in the same day at this so-called Pride event. Despite not selling anything, Strive agreed to take its table down and continued a successful distribution on foot, receiving much support. But one cannot overlook the alarming reality that a “progressive” LGBT organization called the cops on a group of transgender and gender nonconforming people — an act of violence that endangers people who face disproportionately high rates of police brutality. And the Pensacola cops were called at a Pride event that marked the 50th anniversary of the Stonewall Uprising, which was led by queer, gendernonconforming, trans people of color fighting police brutality!This “rainbow capitalism” is a political plague in our LGBTQ2S+ movement that must be contained, fought and eradicated. Groups like Strive are working to do just that. There are already talks about an alternative Pride next year in northwest Florida: no cops, no corporate sponsors, no capitalist politicians, no big money, taken from the people and never accounted for again! Such a Pride would follow Strive’s principle: All money from the community must be put back into the community.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Groups Want Research Foundation Formed

first_img Groups Want Research Foundation Formed In their letter the groups point out that – FFAR would complement and add to USDA’s portfolio of intramural and extramural research programs that help solve current and future challenges facing agriculture, develop new opportunities for American agriculture, and bring innovative technology from laboratory to marketplace. They say – increased investments in food and agricultural research are essential to maintaining our nation’s food, economic and national security. Home Indiana Agriculture News Groups Want Research Foundation Formed Facebook Twitter Steve Wellman, President of the American Soybean Association and a soybean farmer from Syracuse, Nebraska, says – agricultural research holds innumerable benefits for the soybean industry, and our farmers depend on a robust research framework to continue the stream of innovative products and processes that enable the industry to be as productive as it can be. Previous articleSenate Begins Work on Farm BillNext articleEU Set to Mandate Renewable Energy Gary Truitt A group of more than 70 agriculture organizations wants to include a provision in the next farm bill that would establish a Foundation for Food and Agriculture Research. In a letter to House Agriculture Committee Chairman Frank Lucas and Ranking Member Collin Peterson, the groups are urging the House Agriculture Committee to take action comparable to the FFAR provision included in the Senate Agriculture Committee’s recently-approved Agriculture Reform, Food and Jobs Act of 2012.center_img SHARE By Gary Truitt – Jun 7, 2012 SHARE Source: NAFB News Service Facebook Twitterlast_img read more