Detroit recovery?Don’t believe it

first_imgA recent study of residential patterns and employment availability in the Detroit area has exposed the lie told by the corporate media that this majority African-American city is undergoing an economic resurgence.Reporter Mike Wilkinson described some of the truth in Bridge magazine: “Hundreds of thousands of city residents, many without access to a car, live in areas where there are fewer than 200 jobs for every 1,000 residents, neighborhoods that are miles away from where most jobs can be found, both in and outside of the city. Nearly 80 percent of city residents live over 10 miles from a central business district, one of the highest rates of the country.” (Aug. 6)Corporations such as the auto companies that took jobs out of the city are heavily responsible for the present situation.Successive administrations in Washington, D.C., and Lansing, the Michigan state capital, have refused to initiate jobs programs that could employ hundreds of thousands of people on a permanent basis.With the decline in jobs and subsequent drop in population and falling tax revenues, the city was forced to borrow from banks. This ensnared the city in predatory arrangements that drained Detroit further. All of this came to a head during the recession of 2007-09, causing further disaster.The city of Detroit was forced into emergency management and bankruptcy during 2013-14 on the pretext that it needed major financial restructuring. This process suspended bourgeois democratic rights — pushing aside the elected government. Meanwhile, city workers, retirees and residents witnessed the wholesale theft of at least $7 billion in health care and pension benefits. This theft benefitted the banks and financial institutions that caused Detroit’s massive home foreclosures, devastating neighborhoods throughout the city. The sell-off and seizure by the state of public assets such as Belle Isle, the Detroit Water and Sewerage Department, Detroit Public Works and the Detroit Institute of Arts were also in the works.Take from the poor, give to the richPresently, hundreds of millions of dollars in tax breaks are being given to two leading billionaires whose businesses are based in the downtown area. Pizza magnate Mike Illitch, who owns the Detroit Tigers Major League Baseball team, and Dan Gilbert, CEO of Quicken Loans, have greatly benefitted from the restructuring through donated public land and real estate speculation funded through taxes.None of this large-scale transfer of wealth that accompanied the denial of civil and economic rights has trickled down to benefit the majority of residents. Poverty, joblessness, educational decline, water shutoffs, foreclosures and evictions continue unabated.Tens of thousands of property tax foreclosures have been carried out, and homes in the city will now be auctioned off to real estate developers, causing the eviction of thousands of homeowners and residents.Gilbert chairs the Detroit Blight Removal Task Force, which targets properties throughout the city for seizure through the Detroit Land Bank Authority. The principal focus of the seizures is residential properties, not the thousands of abandoned factories, warehouses, commercial structures and schools.More than $200 million allocated under the federal Hardest Hit Fund in 2009 remain in state coffers. Despite this, the Wayne County Treasurer and other public officials have not filed suit against the state and the U.S. Treasury Department for failure to use the funds for their original purpose — to keep people in their homes.Tens of millions of these dollars are being misused by Gilbert and his task force to tear down homes. Instead, these homes could easily be rehabilitated, creating thousands of jobs and revitalizing communities. Gilbert is currently being sued by the Department of Justice for mishandling Federal Housing Administration loans.Economic “development projects” are underway. These are geared to maximize profits for the rich by utilizing expropriated public assets and tax revenues. Meanwhile, the people of Detroit are being denied the right to decide how public funds are being used in the city.People’s Assembly on Aug. 29A petition drive is underway to place the proposed regionalization of the water system in a ballot initiative. The Detroit Active and Retirees Association (DAREA) is spearheading the petition drive.This burgeoning struggle will be the focus of an upcoming People’s Assembly and Speak-Out on Aug. 29 in downtown Detroit.Issues to be discussed include the rise in police killings of civilians; the demand for a federal and bank-funded jobs program to rebuild the city; and the restoration of public control of Detroit Public Schools, which have been under emergency management in one form or another for over a decade. Ending foreclosures, evictions and utility shutoffs; the release of the Hardest Hit funds to assist homeowners; freedom for Michigan political prisoner Rev. Edward Pinkney; support for African-American shop owners and taxi drivers being driven out of downtown; and other struggles will also be addressed.For more information, contact the Moratorium NOW! Coalition to Stop Foreclosures, Evictions and Utility Shutoffs at moratorium-mi.org or call 313-680-5508.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Average UK pension chair pay unchanged in 2019 at £47,305

first_imgSource: Winmark-Barnett Waddingham PensionChair Remuneration Report 2020Female chairs paid moreFemale chairs continued to receive a higher average remuneration than male chairpersons, which the report authors suggested was likely a function of the types of role they occupied, with a higher proportion of female chairs for example being professional trustees.Among a wealth of other data points, the survey also captured expectations for an increase in pay. Most chairperson respondents (61%) indicated they expected remuneration to remain the same, although a third expect an increase and 7% a decrease.The survey revealed an increase in sentiment that trustee chairs were underpaid – just over a third (34%) said that pay levels were too low to attract sufficiently skilled chairs and trustees, up from 24% last year.A bit more than a third again each said that remuneration did not adequately reflect the complexity of their role (39%), and did not adequately reflect the pressures of their role (36%).Although most chairs reported they had enough time to meet their responsibilities, the proportion that felt they did not have time to adequately meet the demands placed upon them increased to 10% from 5% in last year’s survey.Among trustees that are paid, the average remuneration was £22,417 in 2019, up from £20,348 in 2018.This is across different types of trustee, with professional trustees being paid more on average than employer-nominated and member-nominated trustees.Presenting the main findings of the survey during a webinar, John Madden, research director at Winmark, noted that 69% of respondents indicated feeling that an increase in the number of professional trustees on boards had a positive impact on governance standards and member outcomes.Law firm Squire Patton Boggs has said it is likely that the trend for appointing professional/independent trustees will continue, particularly as accreditation for professional trustees becomes a reality and evidences continued increase of standards.Diversity challengesIncreased diversity on trustee boards remains elusive, according to the survey report. Almost 80% of respondents indicated trusteeship was not diverse enough, in particular in terms of age and gender.At the same time, only 40% of respondents agreed that their schemes had taken steps to increase diversity, which the survey report authors said indicated that some schemes had not been able to prioritise or address the issue.“The issue is not around selection processes or any lack of will or motivation to achieve diversity in trusteeship [but] in terms of attraction – availability of candidates”John Madden, research director at WinmarkWinmark’s Madden said there was “a very clear message that the issue is not around selection processes or any lack of will or motivation to achieve diversity in trusteeship [but] in terms of attraction – availability of candidates”.Almost half of respondents (47%) said the pool of candidates to recruit from was too small, and where candidates were available 20% said they were not interested in trusteeship and 11% said they lacked the necessary skills for the role.“One of the messages coming out of this is that if there is a will to increase diversity in trusteeship many of the issues may be somewhat upstream of the pension schemes themselves, and that encouraging a broader interest, engagement and involvement with the sector as a whole from an early stage will be key in terms of addressing this issue,” said Madden.The survey report can be found here.Looking for IPE’s latest magazine? Read the digital edition here. Chairs of UK pension scheme trustee boards were paid on average £47,305 (€51,475) in 2019, the first year since 2015 that did not see a salary increase in real terms, according to a survey.Last year the average remuneration for a chair was £47,004. Between 2015 and 2018 a pension scheme chair’s remuneration increased at around 3.3% per year adjusted for inflation. For both 2018 and 2019 there is very little difference between the median and the average.Carried out by Winmark in partnership with Barnett Waddingham, the new survey drew the highest response rate in its history, with 120 chairs and trustees contributing, representing funds with a combined value of more than £325bn. The survey was instigated in 2011.In 2019, chairs’ salaries ranged from £7,000 to £120,00. By days worked per month, average remuneration was £34,464 for chairs working one or two days, £45,423 for three to four days, and £55,680 for chairs working five days or more. In the UK, not all pension scheme chairs are paid; 83% of the schemes participating in the Winmark-Barnett Waddingham survey paid their chairs a salary, a similar proportion as in 2018.By professional background, the highest average salaries were earned by those from pensions consultancy and actuarial backgrounds.last_img read more

Half-time: Brentford 1 Wolves 0

first_imgJohn Swift gave Brentford a half-time lead with his fifth goal of the season.Alan Judge burst into the box and Swift’s shot hit Wolves defender Ethan Ebanks-Landell before striking Swift again and bouncing into an empty net.Judge had hit the post from distance and Bees striker Marco Djuricin squandered chances, including an unmarked header from close range that he sent harmlessly over the bar.Winger Nathan Byrne went closest for Wolves when he shot straight at keeper David Button unmarked inside the penalty area early on, while Joe Mason forced another save from Button on the stroke of half-time.Brentford (4-2-3-1): Button; Yennaris, Dean, O’Connell, Bidwell; Woods, McEachran; Canos, Judge, Swift; DjuricinSubs: Bonham, Saunders, Hofmann, Kerschbaumer, Vibe, Barbet, ClarkeFollow West London Sport on TwitterFind us on Facebooklast_img read more

SA’s Famous Brands in UK expansion

first_img20 June 2013 South African food service group Famous Brands is expanding into the United Kingdom with the opening of its first branch of burger franchise Steers in Clapham, southwest of London, in July. This follows closely on the group’s announcement that it would be opening five Debonairs Pizza restaurants in Mumbai in India, also planned to open in July. “We’ve long considered exporting Steers to the UK, fuelled by the constant requests from expatriates living in London craving a taste of home,” Famous Brands chief executive, Kevin Hedderwick, said in a statement on Wednesday. “Having researched the market we believe that the timing of this launch is right and that our flame-grilled offering will create as much excitement and recognition in the UK as in South Africa.” This international expansion forms part of the group’s plan to ramp up new restaurant openings across its entire brand portfolio, with 46 expected for the second quarter of 2013 alone. Expanding into the rest of Africa remains one of the company’s top priorities. “We are enthusiastic about the potential to grow our presence on the African continent,” Hedderwick said. “The rest of Africa is fast becoming the playground for opportunistic investors and with more than 12 years experience in the region, we believe our strategy to deepen our presence in specifically targeted markets will continue to serve us well.” Finding and tapping into new markets within South Africa itself is also part of the firm’s growth strategy. “Of the 30 restaurants opened in South Africa [in the second quarter], 18 are in new emerging markets. We are especially pleased with our entry into these markets where we were previously under-represented and where our brands are viewed as aspirational,” he said. “This penetration into new emerging markets is part of a deliberate strategy to make our brands available, accessible and affordable.” SAinfo reporterlast_img read more

40% of People “Friend” Brands on Facebook

first_imgWhile Google is unsurprisingly number 1 with 32.6%, Yahoo is close behind at 29.7%. MSN is still well used at 11.9%. We were most surprised that AOL is now only 7.9%. These statistics show that Yahoo remains a force among mainstream consumers, whereas AOL is slipping further behind.We reported last week that smartphones have almost overtaken ‘feature phones’ as the cellphones of choice for consumers. Razorfish’s survey shows that 56% of connected consumers now use a smartphone – i.e. one that has email and web capabilities. As with the ChangeWave Research survey recently, Razorfish puts Blackberry (29.5%) ahead of Apple’s iPhone (20.1%). Another illuminating statistic is the number of people who now get their news from Twitter and Facebook. While nearly 80% of respondents still access “traditional news web sites,” 33% get news from Facebook and 19.5% from Twitter. Only 27.3% get news from “alternative news web sites” – by which we presume they mean blogs. A smaller percentage follow a brand on Facebook for exclusive deals or offers (36.9%) – but still a majority. Why Tech Companies Need Simpler Terms of Servic… Related Posts A Web Developer’s New Best Friend is the AI Wai… Tags:#Statistics#Trends#web richard macmanuscenter_img 43.5% reported following a brand to get “exclusive deals or offerings,” which again is a statistic that companies should take note of. Top Reasons to Go With Managed WordPress Hosting 8 Best WordPress Hosting Solutions on the Market Is this “connected consumer” crowd mainstream? Well, about 62% of the respondents still use Internet Explorer as their browser, with 30% on Firefox. So yes, they are.It’s interesting then to look at what are the homepages of these people. Overall, these figures from Razorfish show that Facebook and Twitter are now major places for brands to be; as well as online sites where consumers get at least some of their news. An even higher percentage of respondents have “friended” a brand on Facebook – a whopping 40%. Considering that Facebook is a social network that started out as a way for college kids to network, this is a statistic that will make companies and organizations take note. If you want brand recognition on the Web, according to these statistics there’s a very good chance that Facebook is a place you want to be. Digital marketing company Razorfish has just launched its third annual FEED survey of 1,000 “connected consumers.” The survey is focused on online consumer behavior. This year Facebook and Twitter feature prominently. 40% of respondents “friended” brands on Facebook, while 25% reported following brands on Twitter. What’s more, Razorfish found that consumers access brands on Twitter and Facebook mainly for deals and promotions.Of those who follow a brand on Twitter, nearly 44% reported that access to exclusive deals is the main reason. On Facebook or MySpace, 37% said that access to exclusive deals or offers was their main reason for friending brands.Over 1/4 of respondents reported having followed a brand on Twitter, which is encouraging news for companies wanting to use Twitter to promote themselves.last_img read more

Tripura government to construct 1,477 check dams

first_imgThe Tripura government will construct 1,477 check dams across the State to control floods, and grow fisheries and duckeries, Chief Minister Biplab Kumar Deb said on Friday. Tripura currently has 332 check dams. “The government will construct 1,447 check dams with financial assistance from the Japan International Cooperation Agency (JICA),” Mr. Deb said at a programme here. The dams will be built under a ₹1,000 crore project, he said while inaugurating a workshop on ‘Product and Industrial use of Bamboo.’ “The Project for Sustainable Catchment Forest Management would help in controlling floods, growing fisheries and duckeries and the places would be of tourist attraction. The project will also be designed to reduce soil erosion that leads to siltation of rivers and water bodies resulting in flash-floods,” the Chief Minister said. Mr. Deb said the government was also trying to expand the markets of bamboo-made products beyond Northeastern States. He said the State government has decided to undertake massive bamboo cultivation in 15,000 hectare of land in the State.last_img read more

Rajasthan Police to penalise people posting pictures with guns on social media

first_imgAction will be taken against those who post pictures with arms and ammunition on social media platforms in Rajasthan, an official said.A senior official of the anti-terrorist squad (ATS) and the special operations group (SOG) of the Rajasthan Police has issued directions to all range IGs and SPs to identify such people. “Prompt action against such persons will be taken under the Arms Act, IT Act and RAJPASA (Rajasthan Prevention of Anti-Social Activities act),” SP (SOG) Randheer Singh said.The orders were issued by the ADG (ATS & SOG) Anil Paliwal recently. “The range IGs and SPs have been asked to identity such elements active on social media and taken action against them. This was done in view of rising trend of such posts on social media platforms which creates terror among people,” he said. There are numerous people who post their pictures with guns, bullets and other arms and ammunition on social media.Members of different criminal gangs who operate in western Rajasthan and in areas which share border with Haryana are active on social media platforms, particularly Facebook, and posts such pictures. “This encourages others,” Mr. Singh said.last_img read more

Streaking Letran out to sustain turnaround in NCAA

first_imgTrump signs bills in support of Hong Kong protesters Rey Nambatac has keyed the Knights’ resurgence and Letran hopes to extend its streak against the San Sebastian Stags at 4 p.m. Tuesday at Filoil Flying V Centre.But Napa said his Knights should brace for a tough duel against the Stags, who also posted back-to-back triumphs to grab a share of fourth.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars“San Sebastian is a physical team and really likes to run so it’s going to be tough,” said Napa.Emilio Aguinaldo College, tied with San Sebastian at 3-3, tangles with Jose Rizal U at 2 p.m., while struggling Arellano and Perpetual Help clash at 12 noon. Coach Jeff Napa thinks Letran finally found its right rhythm after stringing three wins in the NCAA Season 93 men’s basketball tournament.“We’re starting to pick up right now,” Napa said of his Knights, who climbed to solo third at 4-3 after a woeful 1-3 start.ADVERTISEMENT The Generals had a shot at reclaiming the third spot against the Knights last week even minus injured Cameroonian Hamadou Laminou, who sustained a season-ending ACL injury .But end-game miscues doomed the Generals for a 97-93 setback against the Knights.Bong Quinto has also stepped up for the Knights, the last during their 63-61 escape over the Altas where the veteran forward nailed the go-ahead basket.The thrilling win pushed the Knights behind league leaders Lyceum (7-0) and San Beda (6-1).“The players didn’t give up,” said Napa. “That’s where you really see the character of the players.” —JASMINE W. PAYOADVERTISEMENT Sports Related Videospowered by AdSparcRead Next Celebrity chef Gary Rhodes dies at 59 with wife by his side Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games LATEST STORIES Lacson: SEA Games fund put in foundation like ‘Napoles case’ NATO’s aging eye in the sky to get a last overhaul For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. View comments Anton youngest to top slalom race at 12 NGCP on security risk: Chinese just technical advisers MOST READ Robredo should’ve resigned as drug czar after lack of trust issue – Panelo DILG, PNP back suspension of classes during SEA Games Don’t miss out on the latest news and information. Robredo should’ve resigned as drug czar after lack of trust issue – Panelolast_img read more