Will superstorm break the silence?

first_imgWorkers World Party statementProtest hits media, election silence on climate change, Times Square, Oct. 29.Photo: Adam Welz/350.orgAs of Nov. 2, the toll from Hurricane Sandy, the huge storm that ravaged the Caribbean and then cut a swath from the mid-Atlantic states all the way up into Canada, is reported to be 67 people killed in the Caribbean and 95 people dead in  the U.S., including 44 in the New York City area.Millions are still without power, and the damage is reckoned at many tens of billions of dollars. No numbers have been put on personal losses of the masses of people in terms of their homes, cars, household possessions, lost wages, lost jobs, let alone irreplaceable personal items of precious, lifetime, sentimental value.As bad as this storm has been, its devastation would have been immeasurably worse had it not been for the extraordinary accomplishments of modern meteorological science, which was able to warn public authorities and people about the timing, the path, the intensity and breadth of the storm with a remarkable degree of accuracy.It is, however, a major contradiction that while the warnings of meteorological science about this extreme weather event saturated the media, not a word was said about the warnings made by climate scientists. Their voices, which grow ever more desperate, have been under attack by an array of the most powerful corporate polluters in the world.Profit motive and climate scienceThis seeming contradiction can only be explained by the profit motive.On the one hand, meteorological science is needed by agribusiness, shipping, maritime, airlines, off-shore oil drillers, power companies, insurance companies, the commodities markets, the tourist industry, and numerous other capitalist interests. All these parties need to know about the weather in order to maximize their profits and minimize their losses. This list should include the Pentagon, which has a strong military interest in climate prediction.On the other hand, the vast majority of climate scientists around the world concur and have proven that climate change is produced by global warming, which in turn is caused by the accumulation of carbon dioxide in the atmosphere. The result is increasingly extreme weather events — like Hurricane Sandy.Thus to deny the findings of climate science is in the interests of the oil and gas companies, the coal industry, the power-generating businesses, and other giant industrial polluters who profit from processes that spew carbon dioxide into the atmosphere. They refuse to take measures to curb these emissions because that would eat into their profits.Both the advancement of meteorological science and the denial of climate science can be traced directly to the profit interests of the biggest and most powerful capitalists. This illuminates the complete irrationality of the capitalist system.Industry and ‘climate silence’The words “climate change” were not mentioned once during the presidential debates or the entire campaign. In fact, the terms “climate change” and “global warming” have been virtually banned from corporate mass media news broadcasts.During the three-month drought in the Midwest this summer, which damaged three quarters of the U.S. corn and grain crop, report after report on this drastic situation failed to mention climate change or global warming. Nor was it mentioned during the epidemic of wild fires which ravaged the Western states. The same “climate silence” has prevailed during the round-the-clock coverage of Hurricane Sandy.Such is the power over the media and the politicians by the giant polluters, who include the most powerful sections of the ruling class of the U.S. They have spent untold millions to finance anti-scientific lobbyists, fund politicians who will vote against any attempt to make the polluters fix the problem or pay the bills, and fund corrupt scientists who will swear that all the findings of their tens of thousands of colleagues around the world are false.The U.S. government has gone to international environmental conferences year after year and used its financial and political power to block any global consensus that would bind the giant transnational corporations to concrete steps to significantly reduce carbon emissions. The U.S. has still not ratified the original Kyoto accords on climate change. One president after another, from Clinton to Bush to Obama, has sabotaged the efforts by governments representing billions of people in Asia, Africa, Latin America and the Middle East  to force the major polluters to stop pouring greenhouse gases into the atmosphere.Global environmental crisisThe acute crisis caused by the dramatic wind and tidal events of Hurricane Sandy in the U.S. is only an intense manifestation of a much more widespread and gradually developing environmental crisis that is global in character. The same temperature rises that led to Sandy are melting glaciers and ice caps, raising the ocean levels and endangering island and coastal civilizations as well as inland rivers.This, in turn, is part of an even more widespread process of environmental devastation poisoning the land, water and air caused by mining conglomerates, logging companies, agribusiness, oil corporations and so on, which are depleting or poisoning the aquifers, promoting the desertification of vast stretches of the earth’s territories, destroying the rain forests which are the lungs of the earth, and much more.Wall Street suffered directly as a result of Hurricane Sandy. And capitalist interests have also suffered losses from the dislocation caused by the storm. This may cause a lot of hand wringing and reevaluation by the bosses themselves. But don’t count on them to combat climate change. There is too much profit involved. To paraphrase P.J. Dunning, quoted by Karl Marx in “Capital,” for a sufficient profit a capitalist will risk even death.Means of pollution, means of productionThe New York City capitalist government has files that contain reports written long ago warning of the imminence of  just such a crisis as the one presently caused by Hurricane Sandy and calling for measures to be taken before the crisis hits. These reports were ignored, just as warnings about Katrina were ignored for years. It is flagrant negligence on the part of the capitalist authorities, who knowingly failed to take preventive measures that could have kept this crisis from becoming so severe.Progressive and revolutionary forces must help develop demands and on-the-ground struggles to reduce the suffering of the masses of people. They should include full restitution and compensation for both damage done and wages and jobs lost; jobs programs to rebuild; and making the insurance companies, the predatory polluters, the banks and the government pay the bills.As one commentator said, referring to Sandy: We are having a once-in-a-hundred-year storm every two years now.The only way to reduce disasters like hurricanes Sandy, Irene and Katrina is for the workers to take the means of pollution away from the polluters. But the means of pollution are actually the means of production under capitalism. It will take the destruction of the profit system itself to chart a new course that can save the environment by restructuring production to serve the people’s needs rather than capitalists’ profit greed.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Swiss investor seeks Japan equity manager via IPE Quest

first_imgThe strategy should be benchmarked to one of the following indices: Topix, MSCI Japan, MSCI Japan IMI, Nikkei 225, Nikkei 400, MSCI Japan SRI, or MSCI Japan Small Cap.The objective of the mandate, according to the search criteria, is to “achieve exposure to a diversified, long-only portfolio of Japan equities with the aim of outperforming the net benchmark return after deduction of any costs”.The pension fund expressed a preference for a segregated mandate.Bidders for the mandate must comply with relevant Swiss investment rules.The IPE news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information direct from IPE Quest, please contact Jayna Vishram on +44 (0) 20 7261 4630 or email [email protected] A Swiss pension fund has launched a search for a Japanese equity manager for a CHF100m (€93.1m) active mandate.The search, QN-2283 via IPE Quest, is open until 24 March.Managers interested in bidding must be running at least CHF500m in the asset class already, and have a track record of at least five years.The asset owner is seeking a strategy with a tracking error of 10% at most. Performance gross of fees should be stated to 28 February 2017.last_img read more

India power past Sri Lanka to Cricket World Cup triumph

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Tweet 32 Views   no discussions NewsSports India power past Sri Lanka to Cricket World Cup triumph by: – April 2, 2011center_img Share Share By Sam SheringhamIndia beat Sri Lanka by six wickets in a pulsating final to deliver World Cup glory to their cricket-mad population for the first time since 1983.Sri Lanka smashed 91 from their last 10 overs to post 274-6 in Mumbai, with Mahela Jayawardene making a superb 103.India lost Virender Sehwag and Sachin Tendulkar early on but Gautam Gambhir and Mahendra Dhoni rebuilt the innings.Gambhir was out for 97, but captain Dhoni’s brilliant unbeaten 91 led India to a famous win with 10 balls to spare.The skipper, struggling for form throughout the tournament, played the innings of his life and sealed the victory with a phenomenal straight six that sailed high into the stands, providing the catalyst for euphoric celebrations in the Wankhede Stadium.Tendulkar’s early dismissal for 18 ensured there was to be no fairytale 100th international century for Mumbai’s favourite son.But wonderful innings from Gambhir and Dhoni ensured the “Little Master” can finally get his hands on the sport’s ultimate prize at the sixth attempt as India became the first host nation to win the tournament, while Jayawardene became the first player to score a hundred in the final and finish on the losing side.Meanwhile, it was a sad end to the incredible career of Sri Lanka off-spinner Muttiah Muralitharan who, having battled injuries throughout the event, failed to take a wicket in his last international match.And when the Sri Lankan inquest begins, they will surely regret the decision to make four changes for the final, only one of which was enforced.With off-spinner Ajantha Mendis dropped, replacement bowlers Thisara Perera, Nuwan Kulasekara and Suraj Randiv managed only one wicket between them from 26.2 overs.Chasing a total 46 runs higher than the previous best under lights at the venue, prolific openers Sehwag and Tendulkar stepped out to a cacophony of noise.But it only took two balls for the mood inside the stadium to be transformed as Sehwag failed to get his bat on a full straight delivery from Lasith Malinga and was trapped in front of his stumps.Tendulkar, seemingly carrying the hopes of a billion Indians on his shoulders, soon had the crowd in a frenzy with two sumptuous boundaries off Kulasekara, but hopes of him reaching the 100 century landmark in the final were to be sadly dashed.Kumar Sangakkara’s decision to give Malinga a fourth over with the new ball proved a masterstroke as the paceman tempted Tendulkar into a swipe outside off stump and a thick edge was taken low by the captain himself behind the stumps.While Malinga wheeled away in celebration with his team-mates in pursuit, a stunned silence fell over the Wankhede.Gambhir and Virat Kohli would have been forgiven for going into their shell but the duo remained positive in seeing India to 105-2 off 20 overs.Their partnership had reached 83 when Kohli got a leading edge to a Tillakaratne Dilshan delivery and was brilliantly caught one-handed by the bowler for 35.Dhoni, whose previous highest score at the tournament was 34, took the brave decision to promote himself up the batting order above Yuvraj Singh and after a watchful start he started to find his range on his favoured off side.The right-hander’s partnership with the left-handed Gambhir kept the Sri Lanka bowlers guessing and gradually the duo chipped away at the total.After taking the score past 200, Dhoni required treatment for a side strain but the skipper did not lose any focus as he leant back and chopped Muralitharan through the off side for four.Without ever batting with the fluency of Jayawardene, Gambhir worked his way to within three of a famous hundred before he was clean bowled by Perera to give Sri Lanka hope.With the score on 241-4, Sri Lanka thought they had run out Dhoni when Kapugadera’s throw hit the stumps but with replays inconclusive, the India skipper was reprieved.After 46 overs, Sangakkara made the surprise decision to throw the ball to Kulasekara instead of the clearly disgruntled Muralitharan and the tactic back-fired as India helped themselves to 11 runs.The same number followed from Malinga’s next over to put India on the brink of victory, before Yuvraj Singh took a single to give Dhoni the strike with four more runs needed.The wicketkeeper-batsman’s stunning final blow provided a fitting end to a memorable final.Earlier, the coin toss was shrouded in confusion as the noise of the crowd rendered Sangakkara’s call inaudible to match referee Jeff Crowe. He ordered a re-toss, which was won by the Sri Lanka captain, who opted to bat to the obvious frustration of his opposite number Dhoni.When the action began, India settled the faster with seamer Zaheer Khan getting straight into rhythm.Suffocating Upul Tharanga with a tight off stump line, he bowled three consecutive maidens before having the batsman caught at slip for two off a perfect outswinger.Dilshan took his tournament run haul to exactly 500 before he was dismissed by Harbhajan Singh in the spinner’s second over. The batsman attempted a sweep but the ball struck his arm and thigh pad before rebounding agonisingly on to his stumps.Veteran pair Sangakkara and Jayawardene got the innings back on track with a partnership of 62 as Sri Lanka reached 122-2 in the 28th over.But their stand was broken by Yuvraj as Sangakkara – two short of his half-century – attempted a square cut to a shorter ball and got a faint edge through to Dhoni.Jayawardene, who reached fifty from 49 balls, produced an innings of impeccable touch and timing, scoring heavily in the third man area and keeping his score moving at a run a ball to drag his team towards a competitive total.But it was the irrepressible Yuvraj who struck the next blow. Thilan Samaraweera got too far across his stumps attempting to sweep and was struck on the thigh. Simon Taufel’s not out decision was overturned on review, with replays showing the ball would have struck middle stump.Zaheer could not be kept out of the limelight for long and a superb slower ball totally deceived Chamara Kapugedera, who could only prod the ball tamely to Suresh Raina at mid-off.At 183-5 going into the last 10 overs, India were well on top but with Jayawardene still at the crease there was every chance of Sri Lanka posting a competitive total.With Kulasekara (32 off 30 balls) scoring quickly at the other end, the former skipper began to take calculated risks, accelerating through the 80s and 90s and bringing up his hundred off 84 balls during the batting powerplay with consecutive boundaries off Zaheer.Kulasekara’s run out brought Perera to the crease with two overs remaining, and the all-rounder did exactly what was needed, swinging from the hip to smash 22 off nine deliveries, including 16 off the last four balls of the innings.But although the late flurry propelled Sri Lanka to a healthy total, Gambhir and Dhoni ensured it was India who joined Australia and the West Indies as the only sides to win the World Cup more than once.Source: BBC Sportlast_img read more

Football News Arsenal move into top four of Premier League with win over 10-man Watford

first_imgWatford is the FA Cup finalists where they will face Manchester City.Watford captain Troy Deeney was then shown a straight red card after just 11 minutes.Arsenal is in the midst of a four-way fight for the last two spots for next season’s UEFA Champions League. London: Arsenal moved into the Premier League top four but made hard work of seeing off 10-man Watford 1-0 thanks to Pierre-Emerick Aubameyang’s fortunate early opener on Monday. Aubameyang profited from an error by Watford goalkeeper Ben Foster as he blasted an attempted clearance in off the Gabon international. Watford captain Troy Deeney was then shown a straight red card after just 11 minutes, but the Gunners failed to make the most of their man advantage and were fortunate as the hosts twice hit the woodwork. However, Unai Emery’s men held out for a first clean sheet away from home in the Premier League this season to move ahead of Chelsea on goal difference into fourth.     “We didn’t control the match as I wanted,” admitted Emery. “The team was anxious because they could (have) taken some moment. The most important for us is to score the second goal, which we didn’t do.”RELATED     Arsenal also edge to within a point of north London rivals Tottenham and two clear of Manchester United in the four-way battle for the two remaining Champions League places behind Liverpool and Manchester City.     FA Cup finalists Watford were already shorn of the man who helped book their place at Wembley against Manchester City next month as Gerard Deulofeu missed out through injury and Javi Gracia’s side did themselves little favours early on.     Firstly, Foster dallied as Aubameyang closed in to concede a comical opener.     “I’ve said sorry to the lads,” said Foster. “I have tried to drag it on to my left and pass it out but before I knew it he (Aubameyang) was bloody on me.     “In hindsight, you have to get rid as quick as you can, even if it goes into row Z. I am definitely not a modern goalie. They can’t score from row Z.”      And within seconds, Deeney was punished for what the referee saw as an elbow into the face of Lucas Torreira.     “If it is a foul I have a doubt, maybe a yellow card but (a) red card, I don’t understand why the referee did it,” argued Watford boss Javi Gracia. However, the 10 men were still causing problems to a defensively vulnerable Arsenal at the other end.     Craig Cathcart’s shot was turned onto the post by Bernd Leno and the German goalkeeper was also a full stretch to turn an Etienne Capoue free-kick behind.     Emery introduced Mesut Ozil at half-time in an attempt to improve Arsenal’s final ball with so much space to counter-attack into, but to little avail.     Alex Iwobi looked to have provided the perfect cross to pick out Henrikh Mkhitaryan, but Foster made amends for his earlier error by spreading himself to make a brilliant save from the Armenian.     Arsenal’s terrible away record is why they face such a tight battle to secure Champions League football next season. And they could have thrown just a second away league win since November away as Adam Masina crashed a 25-yard strike off the crossbar before Andre Gray miscontrolled Daryl Janmaat’s pass when clean through on Leno.     Gray was then denied by a last-ditch challenge from Ainsley Maitland-Niles after rounding Leno, but without the firepower of Deulofeu and Deeney, Watford’s brave effort fell just short. For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps.center_img highlightslast_img read more