RTL: Five should make a profit later this year

first_imgWednesday 25 August 2010 8:11 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content Tags: NULL RTL: Five should make a profit later this year whatsappcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Former Five owner RTL expects the loss-making broadcaster to swing back into profit this year, despite clocking a first half loss of €49m (£40m) on the channel.The venture was sold to Express owner Richard Desmond last month for £103.5m. Its operating loss was just €6m but RTL wrote down a further €36m before offloading it.Desmond plans to streamline the operation, with 80 of its 300 staff expected to be out of a job.Among the most high profile leavers is Five chair and chief executive Dawn Airey, who actioned a clause in her contract guaranteeing her a job with RTL if Five was sold. RTL would not comment yesterday on what role Dawn would take with the firm.The news comes as RTL posted revenue growth of 7.5 per cent in its first half, with advertising income finally beginning to pick up.This allowed the media giant to swing to a profit of €257m, a remarkable turnaround after posting losses of €105m the year before.Chief executive Gerhard Zeiler said: “The stronger than expected rebound seen in the Western European TV advertising markets is the result of the overall economic recovery.” Share whatsapplast_img read more

Samsung sued by Apple over phones

first_img whatsapp Samsung sued by Apple over phones Show Comments ▼ whatsapp Tags: NULL APPLE has sued rival Samsung Electronics claiming that Samsung’s Galaxy line of mobile phones and tablet “slavishly” copies the iPhone and iPad, according to court papers.Galaxy products use Google’s Android operating system, the lawsuit says, which directly competes with Apple’s mobile software. However, Apple’s claims against Samsung focus on Galaxy’s design features, such as the look of its screen icons.The lawsuit, filed on Friday, alleges Samsung violated Apple’s patents and trademarks. “This kind of blatant copying is wrong,” Apple spokeswoman Kristin Huguet said in a statement. A Samsung representative could not immediately be reached for comment. KCS-content Share Monday 18 April 2011 7:56 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comlast_img read more

Senate Judiciary Committee debates college betting legality

first_img Senate Judiciary Committee debates college betting legality The US Senate Committee on the judiciary heard evidence both for and against the continued legality of betting on college sports in a committee meeting titled “Protecting the Integrity of College Athletics”. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Sports betting 23rd July 2020 | By Daniel O’Boylecenter_img The US Senate Committee on the judiciary heard evidence both for and against the continued legality of betting on college sports in a committee meeting titled “Protecting the Integrity of College Athletics”.Heather Lyke, athletic director at the University of Pittsburgh spoke on behalf of the University and Atlantic Coast Conference (ACC).“The ACC opposes gambling on collegiate sports,” Lyke said, adding that the decision was supported unanimously by its university presidents and supported by athletic directors.“While we understand that gambling on professional sports is here to stay, we urge Congress to directly address gambling on intercollegiate athletics and prohibit it, as was the case in PASPA.Read more on iGB North America. Regions: US Subscribe to the iGaming newsletter Legal & compliancelast_img read more

The Dunelm share price has climbed 25% in 2021. Here’s what I’d do now

first_img Dunelm (LSE: DNLM) is up 25% so far in 2021. A trading update Wednesday helped, giving the shares a 5% boost by midday. The Covid-19 crash had sent the stock plunging in March 2020. But since a low that month, the Dunelm share price has more than doubled.Looking back further, it seems investors have had a love/hate relationship with the home furnishings retailer. Over the past five years, there’s a 60% gain, but that’s been down to the second half of the period. Prior to that, the Dunelm share price had been in a bit of a slide from its previous high-flying growth spurt.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…Dunelm does seem to be back in favour now, though. The latest update covers the first seven weeks of the fourth quarter (from 28 March). There’s not much point comparing with the same period last year, because of the devastating effect of the pandemic on the retail sector. Instead, the company said: “Total sales increased by 59% on a 2-year basis against the equivalent period in FY19 (noting that stores were closed in the comparative FY20 period).”Longer-term trends?This is a very short period, however, and maybe it’s due to a short-term post-lockdown rush? Still, the update looks promising to me. And judging by the Dunelm share price reaction, the market likes it too. But I’m wary of reading too much into it at this unusual time. I reckon it could take another year or so to see where the longer-term trend might be heading.This year, at least, should be good. And it will be, partly thanks to growth in the company’s online offerings. Dunelm reckons that “full year profit before tax (PBT) will be significantly ahead of the latest range of analysts’ expectations.” The firm anticipates a figure “in excess of £148m.”I’ve considered buying Dunelm in the past, but I’d thought the shares had become a bit overvalued. So how’s the valuation looking now, based on the latest prognosis? If EPS beats the 2019 PBT figure by the same proportion, it should come in around 60p. On today’s Dunelm share price, that suggests a P/E multiple of around 25 to 26. I see that as high for a retail stock, with the FTSE 100 long-term average being closer to 14.Dunelm share price growth factorThe valuation appears to factor in a fair bit of future earnings growth, which I guess is to be expected. And by the standards of some growth shares, the Dunelm P/E could look pedestrian. But will that growth happen? Prior to the latest update, analysts had earnings growth of 23% on the cards for 2022. If that comes good, it would drop the P/E to around 21. I do wonder if that might still be a bit rich.Overall, Dunelm is on my list of potential growth buys. We should have a further trading update in July, with results due in September. Those should help maintain interest in the Dunelm share price for the next few months. But I can’t help wondering if we could see a bit of a sell-off after that and maybe better buying opportunities to come? 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. 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. Alan Oscroft 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. Alan Oscroft | Wednesday, 19th May, 2021 | More on: DNLM Enter Your Email Address The Dunelm share price has climbed 25% in 2021. Here’s what I’d do now Simply click below to discover how you can take advantage of this.center_img 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. 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 “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images See all posts by Alan Oscroftlast_img read more

Why you should vote for Theresa Mott: Her platform

first_imgShare on Facebook Tweet on Twitter To visit Theresa’s campaign Facebook page go here. To visit her campaign website, go here.Note: This is a paid political advertisement from the Theresa Mott campaign. Create higher paying jobs Improve education options Ensure fiscal transparency  Decrease traffic congestion  Improve entertainment, shopping and dining options Save my name, email, and website in this browser for the next time I comment. Develop and execute a plan to decrease crime.  Improve roads  Improve TransportationApopka recently completed another stretch the 429 and are well-positioned to attract many to the City.   There are traffic challenges that must be resolved immediately to improve traffic flow.  Many complain about extensive backup along 441.I vow to: Florida gas prices jump 12 cents; most expensive since 2014 Invest in local markets Stimulate Economic Development Theresa Mott with her family Bridgett, Norris Jr. and grandson Triston.It is wonderful that Apopka is the second largest city in Orange County, and many continue to select us for residency and place of business.  This level of growth is an indicator that we are doing something right.  I support growth, however, it must be conducted in a responsible manner which preserves our small-town charm that many love, and should not compromise our financial stability.  To ensure these trends, I would endorse balanced growth measures such as increase entertainment options, create higher paying jobs for residents, expand youth activities and offer tax incentives to businesses and improve transportation issues.  A core role of government is to provide public services (police, fire, sewer, etc.) to keep us safe.  I am a proponent of government participation in growth because it allows opportunities to assist in shaping desired image.  I vow to: Reduce spending Attract new businesses Keep low millage Implement a policy for 20% reserves UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Please enter your name here Keep Taxes Low  It is Council’s responsibility to be great stewards of taxpayers’ finances. With many cities nationwide experiencing alarming bankruptcy rates, this is a situation I wish to avoid for Apopka.  As the saying goes:  “If you fail to plan, you plan to fail”.  The 2018-19 budget workshops were in excess of twenty (20) hours, yielding a thorough and transparent analyzation of the budget.  The FY 2018 budget is $124,672,709 for all funds, which represents an increase of $20,589,193 or 19.8% over the 2017 budget.  The Government Finance Officers Association’s (GFOA) standard for reserves is 16%, and we are charting 18%.  I am extremely concerned about our financial sustainability because we experience yearly budget increases.  Which leads me to aspire for 20% reserves over the next three (3) years through budget cuts and re-appropriation of funds.  I vow to: Improve Public Safety  Citizens deserve a safe city to raise their family.  I will work with neighborhoods and police to encourage stricter Neighborhood Watch programs to decrease crime.  Additionally, I will work with TAGSTheresa Mott Previous articleKilsheimer or Nelson? Apopka will know the answer tonight!Next articleEnigmatic Koutsoulieris taking on longshot campaign with passion Denise Connell RELATED ARTICLESMORE FROM AUTHOR Keep you safe Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Expand community and family activities LEAVE A REPLY Cancel reply From the Theresa Mott campaignNote: This is the platform for Theresa Mott, a candidate for Seat #1 on the Apopka City Commission. To read more about Theresa in her own words, go here.After months of canvassing the City (knocking on doors, talking in stores, local events, etc.) listening to your ideas, concerns, and questions, it’s clear that you also believe in Apopka and want to see it flourish.  My platform calls for us to work together to fulfill your desire and my vision of “making APOPKA better for EVERYONE!”   Additionally, STRONG leadership is required to achieve next-level success for Apopka, which is why I am uniquely qualified AND will always work for YOU.     Appropriate required funds to departments (fire, law enforcement, public works, etc.) You have entered an incorrect email address! Please enter your email address here Please enter your comment!last_img read more

Mint Street Peabody Housing / Pitman Tozer Architects

first_img Calford Seaden Building Contractor: “COPY” Galliford Try photographs:  Nedko Dimitrov, Nick KanePhotographs:  Kilian O’Sullivan, Nedko Dimitrov, Nick Kane Year:  Clarke Nicholls Marcel Quantity Surveyor:: ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/534020/mint-street-peabody-housing-pitman-tozer-architects Clipboard CopyHousing•London, United Kingdom Save this picture!© Kilian O’Sullivan+ 18 Share Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/534020/mint-street-peabody-housing-pitman-tozer-architects Clipboard 2014 Architects: Pitman Tozer Architects Area Area of this architecture project 2014center_img United Kingdom Mint Street Peabody Housing / Pitman Tozer Architects Projects ArchDaily Structural Engineer:: Landscape Architect:: Housing Farrer Huxley Associates “COPY” Mint Street Peabody Housing / Pitman Tozer ArchitectsSave this projectSaveMint Street Peabody Housing / Pitman Tozer Architects Design Team:Alex Baulch, Chris Browne, Jonathan Crossley, Nikki Cutler, Phil Gee, Simon Graham, Tim Pitman, Luke TozerServices Engineer::Max FordhamAcoustic Consultant::Max FordhamProject Architect::Nikki CutlerCity:LondonCountry:United KingdomMore SpecsLess SpecsSave this picture!© Nick KaneText description provided by the architects. Mint Street is a new-build development designed by Pitman Tozer Architects for Peabody, providing 67 new homes for rent, shared ownership and private sale. It is one of the first schemes in London to deliver affordable rented housing under the Affordable Rent Model, a Government initiative introduced in 2012.Save this picture!Ground Floor PlanReplacing a single-storey of light industrial units and a car park, the new £11m development is located on a busy urban site alongside a railway viaduct in Bethnal Green, East London. The development creates a new London street, Mint Street, a paved pedestrian route between the overground and underground stations at Bethnal Green.Save this picture!© Nedko DimitrovThe 7 storey brick building curves in line with the adjacent railway viaduct. Providing well laid out accommodation, the building includes a mix of one, two and three bedroom homes on all levels. It updates the typology of the traditional mansion block, using housing to make city streets for the 21st century.Save this picture!© Kilian O’SullivanSpacious and light filled apartments are orientated southeast with living rooms overlooking the railway. In between living rooms and the rail line, glazed winter gardens offer private amenity space and create a ‘buffer zone’ to provide acoustic and visual separation from the noise of passing trains. Bedrooms are located on the quieter north-western side of the development, overlooking a communal courtyard.Save this picture!© Kilian O’SullivanThe building is characterised by the playful use of different brick types including green glazed bricks employed on the ground and first floors at Mint Street to create a distinctive base and contrast with Staffordshire Blue Engineering brick above. The 4 storeys above are cantilevered beyond the line of the base, emphasising the horizontal quality of the street elevation whilst the brick detailing accentuates its curve. The upper level is recessed, creating terraces to the top floor apartments, which offer expansive views of the city skyline.Save this picture!© Kilian O’SullivanA private landscaped courtyard with play space is situated to the rear of the building, providing communal outdoor space to all residents.Save this picture!© Kilian O’SullivanProject gallerySee allShow lessA Future Without Slums: Too Good to be True?ArticlesBeyond Ruin Porn: What’s Behind Our Obsession with Decay?ArticlesProject locationAddress:Mint Street, London E2, United KingdomLocation to be used only as a reference. It could indicate city/country but not exact address. Share Area:  4702 m² Area:  4702 m² Year Completion year of this architecture project Year:  CopyAbout this officePitman Tozer ArchitectsOfficeFollowProductsConcreteBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingLondonHousingResidentialUnited KingdomPublished on August 16, 2014Cite: “Mint Street Peabody Housing / Pitman Tozer Architects” 16 Aug 2014. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemPlasticsMitrexSolar SidingMetal PanelsAurubisCopper Alloy: Nordic BronzeArmchairsAndreu WorldGrand Raglan – Lounge ChairSinksBradley Corporation USASinks – Frequency® FL-SeriesPlantingSikaGreen RoofsStonesCosentinoSilestone Surfaces – Ethereal CollectionMetal PanelsLongboard®Aluminum Battens – Link & Lock – 8″Panels / Prefabricated AssembliesFranken-SchotterFacade Panels – Dietfurt LimestoneWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusWoodGustafsWood Cladding in St. Erik Eye HospitalLightsKKDCLighting – Groove FLEXMore 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 streamlast_img read more

University of Leicester receives record £7m donation

first_img  23 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: alumni Major gift The University of Leicester is to receive a £7 million donation, the largest in the University’s history since its inception in 1921.The donation from the John and Lucille van Geest Foundation is divided into two grants. A £2.5 million grant will enable the University to build a new Biomarker Facility next to the University’s Cardiovascular Research Centre at Glenfield Hospital. This will help the University to develop a ‘personalised medicine’ approach unique to the UK.In addition, a £4.5 million heart research Fund will be created allowing researchers from the University of Leicester to bring together strands of evidence about a patient’s disease namely, genes, proteins, lipids and any relevant clinical data to enhance the understanding of disease.A representative of the trustees of the John and Lucille van Geest Foundation said: “All three trustees are delighted to support the immediate plans for the new £2.5 million Biomarker Facility proposed by the team at the University of Leicester and also to make a difference more widely for cardiovascular research in the long term. The establishment of ‘the van Geest Foundation Heart and Cardiovascular Diseases Research Fund’ with a gift and pledge of £4.5 million will ensure that vital funding for priority research projects will be available to University investigators for many years into the future.”The Foundation is currently being wound up. It will spend its remaining funds on “a few medical research areas; working with selected leading institutions and investigators who are highly regarded in their field”.www2.le.ac.uk/alumni/supportus/roleofphilanthropy/casestudies/jandlvangeestfoundation/whatthemoneywillachieve Howard Lake | 23 August 2012 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. University of Leicester receives record £7m donationlast_img read more

IoF’s Cultural Sector Network 2017 conference theme to be ‘Culture Matters’

first_img Tagged with: arts Training Howard Lake | 24 January 2017 | News  106 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 IoF’s Cultural Sector Network 2017 conference theme to be ‘Culture Matters’  105 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 The Cultural Sector Network of the Institute of Fundraising will hold its second annual conference this year, following its launch in March 2016.The event for arts and heritage fundraisers will include keynote addresses from Darren Henley, Chief Executive of Arts Council England and Bernard Donoghue, Chief Executive of Association of Leading Visitor Attractions (ALVA). It takes place on Wednesday 8 March.This year the conference theme will be ‘Culture Matters’. Samir Savant, Conference Chair, explained:“Culture really does matter to transform lives and maintain a cohesive society.  Funding continues to be precarious, and fundraising has never been more important to secure the vibrant cultural life of this country.  I am delighted that so many diverse organisations will be represented at our Conference.”Panel session at IoF Cultural Sector’s inaugural conference in 2016The conference, which last year attracted over 180 delegates from across the UK, will offer three tracks to help delegates attend sessions relevant to them. These will be:• early career (in partnership with Young Arts Fundraisers)• mid-career• seniorThe Cultural Sector Network National Conference will take place at the Light conference venue opposite Euston station in central London.Booking is open now and the early bird discount finishes on 27 January. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

After BAmazon/ Alabama mine workers go out on strike

first_imgOn April 1, the United Mine Workers of America announced that more than 1,100 workers at the Brookwood, Ala., locations of Warrior Met Coal (WMC) had gone out on strike and were walking the picket line. The strike involves workers at two mines, one preparation plant and Central Shop.The Brookwood mines are located 40 miles southwest of Birmingham and 30 miles southwest of Bessemer, where Alabama Amazon workers await the result of their recent vote on representation by the Retail, Wholesale and Department Store Union.The BAmazon campaign focused international attention on the majority Black Alabama workers going up against the second-largest employer in the U.S. The spark of those workers appears to be igniting a new defiance in worker actions.Now the UMWA strike in Alabama is ramping up even more pressure on global capitalism, with determined miners who are rooted in a long tradition of union actions in the state. (See Workers World, “Lessons of ‘The Hammer and the Hoe,’” Dec. 21, 2017.)S&P Global/Platts noted that Warrior Met’s inventory of coking coal, used in steel production, is currently very low. Inventory dropped 7.2% in 2020 due to weaker demand after the COVID-19 pandemic began, and then fell sharply after the beginning of 2021.  (https://tinyurl.com/38bewj36)The workers have taken action just as demand is quickly rising from Warrior Met customers, which include steel producers in Europe and Asia, particularly China – demands the company will be pressed to meet during a strike.The strike’s impact will be felt within the state as well, since metallurgical coal, shipped out of the port of Mobile, accounts for 50% of revenue generated by the Alabama State Port Authority.Miners save coal companyA 2001 methane gas explosion at Walter Energy, a coal mining company headquartered in Birmingham, had killed 13 miners as a result of inadequate safety measures. In 2016, Walter Energy went bankrupt and was acquired by Warrior Met.Under Warrior Met ownership, miners have worked tirelessly to lift the company out of bankruptcy.UMWA International President Cecil T. Roberts said: “Warrior Met has capitalized on their hard work, earning tens of millions in profits for their Wall Street owners. They have even rewarded upper management with bonuses of up to $35,000 in recent weeks.” (umwa.org)A “United We State” statement on the UMW website adds: “The people who manage the Wall Street hedge funds that own Warrior Met don’t know us, they don’t know our families, they don’t know our communities. And they don’t care. All they care about is sucking as much money as they can, every day that they can, from central Alabama.”As a response to WMC exploitation, the UMWA has filed unfair labor practice charges with the National Labor Relations Board, particularly concerning WMC’s conduct during bargaining and negotiations that caused turmoil and hardship for the workers.UMWA’s Roberts commented: “Instead of rewarding the sacrifices and work of the miners, Warrior Met is seeking even further sacrifices from them, while demonstrating perhaps some of the worst labor-management relations we’ve seen in this industry since the days of the company town and company store.”During the strike, UMWA dues-paying members who participate in picket line or other strike duty will receive strike assistance payments from the union, which is arranging for health care coverage for members and their families for the duration of the strike.WMC’s refusal to treat its workers fairly, while continuing to line the pockets of the bosses, highlights the ongoing labor struggles not just in mining, but in other industries across the world.Statements of support are beginning to pour in from other unions, including the RWDSU, Association of Flight Attendants-CWA, Airline Pilots Association, Machinists Union, and the AFL-CIO, which tweeted: “The entire labor movement stands with Striking @MineWorkers at Warrior Met #1u.”From mining to retail, from warehouse to grad students, one truth is this: Workers make the world, so workers should run the world!All power to the mine workers in Alabama!  Solidarity from Workers World Party!Go to tinyurl.com/4a6dbf6s for the full statement of the United Mine Workers.Devin Cole, a transgender Marxist organizer and member of Workers World Party – Central Gulf Coast branch, was born and raised in Alabama.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Industry Groups Call Brazil Decision ‘Devastating’ For U.S. Ethanol

first_img Previous articleTwo U.S. Weather Extremes, One Affecting Winter WheatNext articleAfrican Swine Fever Still a Threat and Cold Weather Continues on the HAT Thursday Podcast NAFB News Service Home Indiana Agriculture News Industry Groups Call Brazil Decision ‘Devastating’ For U.S. Ethanol SHARE By NAFB News Service – Dec 16, 2020 Facebook Twitter Industry Groups Call Brazil Decision ‘Devastating’ For U.S. Ethanol SHARE Facebook Twitter A coalition of agriculture groups says Brazil’s decision to impose a 20 percent tariff on all U.S. ethanol imports is devastating for the U.S. ethanol industry.The group includes the U.S. Grains Council, Growth Energy, the Renewable Fuels Association and the National Corn Growers Association.The organizations made the comments in response to the Brazilian government’s decision to let the current tariff rate quota expire, replacing it with a 20 percent tariff on all imports of U.S. ethanol.The statement continues, “Not only does this decision risk destroying the great progress our two nations have made as global leaders in ethanol production, it marks a dramatic turn in our bilateral trade relationship.”Since May, U.S. exports to Brazil have fallen to less than four million gallons. Over the same time period, Brazil has exported nearly 96 million gallons of fuel ethanol to the United States. A 20 percent tariff will “only further imbalance trade between the two countries.”last_img read more