Guinness Ghana Breweries Limited (GGBL.gh) listed on the Ghana Stock Exchange under the Beverages sector has released it’s 2003 annual report.For more information about Guinness Ghana Breweries Limited (GGBL.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Guinness Ghana Breweries Limited (GGBL.gh) company page on AfricanFinancials.Document: Guinness Ghana Breweries Limited (GGBL.gh) 2003 annual report.Company ProfileGuinness Ghana Breweries Limited manufactures and markets a range of alcoholic and non-alcoholic beverages for the Ghana domestic market and for international export. Its product offering includes spirits, beers, lagers and stouts as well as ready-to-drink products. Popular brand names include Guinness Foreign Extra Stout, Orijin Zero, Ciroc Ultra-Premium Vodka, Johnnie Walker Reserve Scotch Whisky, Ron Zacapa Rum, Malta Guinness, Star Lager, Gulder, Alvaro, Ruut Extra, Orijin Bitters, Smirnoff Ice and Smirnoff Double Black Ice. The company was originally founded to produce Guinness Foreign Extra Stout, otherwise known as Guinness. Its non-alcoholic beverage, Malta Guinness, is extremely popular and has captured 70% of the Ghana non-alcoholic beverages market. Guinness Ghana Breweries is a subsidiary of Diageo Plc. and is based in Kumasi, Ghana. Guinness Ghana Breweries Limited is listed on the Ghana Stock Exchange
Caverton Offshore Support Group Plc (CAVERT.ng) listed on the Nigerian Stock Exchange under the Transport sector has released it’s 2016 interim results for the half year.For more information about Caverton Offshore Support Group Plc (CAVERT.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Caverton Offshore Support Group Plc (CAVERT.ng) company page on AfricanFinancials.Document: Caverton Offshore Support Group Plc (CAVERT.ng) 2016 interim results for the half year.Company ProfileCaverton Offshore Support Group Plc is a fully integrated offshore support company in Nigeria offering marine and aviation logistics services for the oil and gas industry in sub-Sahara Africa. The company provides offshore and onshore logistic support with helicopters and fixed-wing aircraft; private charter services for air tours and aerial photography; maintenance, repair and overhaul services for helicopters; and executive ground handling services for helicopter and private jets. Caverton Offshore Support Group Plc owns and manages marine vessels which includes anchor handling tug supply vessels for positioning, maintaining and moving oil and gas rigs; and platform supply vessels for transporting equipment to offshore platforms. The Caverton Group was formed to acquire Caverton Helicopters Limited and Caverton Marine Limited, both of which were already operating in the Nigerian offshore oil and gas logistics industry. The company’s head office is in Lagos, Nigeria. Caverton Offshore Support Group Plc is listed on the Nigerian Stock Exchange
Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Wow! This FTSE 100 company is the UK’s most hated stock Paul Summers | Monday, 31st May, 2021 | More on: SBRY Our 6 ‘Best Buys Now’ Shares See all posts by Paul Summers So, why is this happening? There are a few potential reasons.First, it’s possible that Sainsbury’s sales could be about to moderate. The great reopening of the UK reduces the need for shoppers to buy in bulk when they visit stores or place online orders. While the latter won’t fall off a cliff, the lifting of restrictions might play back into the hands of competitors such as Aldi that don’t offer such a service.Second, Sainsbury’s CEO Simon Roberts recently reflected on how “a lot of uncertainty” following Brexit is impacting on the company’s operations in Northern Ireland. Since leaving the EU, some food products have struggled to make it to its 13 stores due to complex border requirements. This has only added to the FTSE 100 company’s costs. Another thing worth bearing in mind is that Sainsbury’s net debt is almost at the same level as its entire market capitalisation. Sure, the defensive nature of its industry means investors shouldn’t automatically panic. However, the last year has served as a useful reminder of the importance of having a resilient balance sheet. So, J Sainsbury could be about to tumble?Near-term, it’s very hard to say what will happen. We can’t predict future share prices with any certainty. Nor can we know for sure whether the short interest will increase or decrease going forward. One thing to bear in mind, however, is the recent jump in the valuations of heavily shorted stocks in the US. Although the reasons for this will vary, it does show just how quickly a situation can reverse if there’s a short squeeze. For Sainsbury’s, a catalyst might be an earnings surprise. It next reports on trading in July. It’s also worth noting that ex-FTSE 100 member and industry peer Morrisons also features in the top 10 most-shorted stocks. This indicates that traders are pretty bearish on the sector as a whole.Bottom lineAs a growth investor, I’m not really interested in the grocery space. If I were looking to get involved though, my favourite pick remains market-leader Tesco. Interestingly, there’s barely any short interest in this FTSE 100 stock. 5 Stocks For Trying To Build Wealth After 50 Image source: Getty Images Before investing, I think it’s a good idea to check which companies are attracting the most interest from short-sellers. For newer readers of The Motley Fool UK, these are traders who place bets that the share prices of certain companies will fall. It’s risky stuff — the potential losses are limitless — so those that do it need to be very confident that they’re on to a good (or bad) thing. What’s interesting right now is that the most-bet-against stock is actually from the FTSE 100. Revealed – the most hated FTSE 100 stockSupermarket giant J Sainsbury (LSE: SBRY) is currently attracting more short-selling interest than any other London-listed stock according to shorttracker.co.uk. To put this in perspective, second place goes to deeply-indebted cinema chain Cineworld.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…At first glance, this looks strange. After all, the FTSE 100 member’s share price hasn’t done badly in recent months. Those investors who put Sainsbury’s in their shopping basket around the time that positive news on vaccines was announced would be sitting on a gain of around 40%. Even those who bought at the beginning of March would have seen their holdings rise 20% in value. Click here to claim your free copy of this special investing report now! 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. 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. Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has recommended Morrisons and Tesco. 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. Enter Your Email Address Simply click below to discover how you can take advantage of this.
Super Rugby 2018 ExplainedThe Six Nations may be in full swing, but the southern hemisphere is about to begin its flagship domestic competition, Super Rugby.It will look very different in 2018 to last year, so Rugby World has put together a list of some of the biggest changes so you can remain clued up.Team ChangesSuper Rugby has gone from an 18-team competition, down to 15, with the loss of South African sides Southern Kings and Free State Cheetahs, who have moved into the northern hemisphere competition, the Guinness Pro14.Additionally, Western Force, based in Perth, Australia, have been disbanded altogether after poor on-field performances and financial issues.Relocated: Free State Cheetahs are now part of the Pro14 competition, along with Southern Kings (Getty Images)Conference ChangesAs a result of the losses of these teams, there have been significant changes to the conferences. In Super Rugby 2018 there will be three conferences, each with five teams. The two main changes involve the Sunwolves and the Jaguares, with one moving to the Australian conference and the other moving into the South African conference respectively.Australian Conference – Brumbies, Melbourne Rebels, Reds, Sunwolves, WaratahsNew Zealand Conference – Blues, Chiefs, Crusaders, Highlanders, HurricanesSouth African Conference – Bulls, Jaguares, Lions, Sharks, StormersChanges: The Jaguares and Sunwolves have been part of the tournament changes, both moving into different conferences (Getty images)Law ChangesThe administrators of the competition, SANZAAR, have announced Super Rugby will follow the World Rugby Law Amendments for the 2018 season.These changes, which will affect the scrum, tackle area and ruck, are designed to make the game easier to play and referee, and protect the players more.ScrumThe scrum-half must put the ball in straight but is allowed to align their shoulder with the middle line of the scrum. Therefore they are allowed to stand a shoulder width towards their own side of the middle line.Once the ball touches the ground in the scrum, any front-row player can use either foot to strike it back. One player from the feeding side must strike the ball, otherwise a free-kick will be the result.The No 8 is allowed to pick the ball up when at the feet of the second row. This will likely allow teams under pressure in the scrum to get the ball out quickly.Tackle Area Tackler must get up before playing the ball, and they must be on their side of the tackle ‘gate’.The Jackal: Players like David Pocock will have to abide by the new laws around the ruck (Getty Images)RuckA ruck commences when at least one player is on their feet and over the ball which is on the ground (tackled player, tackler). At this point the offside lines are created. A player cannot kick the ball out of a ruck, they can only kick it in a backwards motion. 2017 Champions: The Crusaders nearly went undefeated last season, but the tournament looks very different a year on (Getty Images) LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Each team will play 16 regular season matches, eight of which will come against the other four teams in their conference by playing home and away. The remaining eight games will be split amongst teams from the other two conferences, with four each.A win is four points, a draw is two points and a loss is zero points (if the margin of victory is greater than eight points).Bonus pointsYou get bonus points for a win if you score three or more tries than the opponent.You get a losing bonus point if the margin of victory is between one and seven points.Play-offsIn Super Rugby 2018 the winners of each conference will proceed to the play-offs all securing home games for the quarter-finals. They will be seeded one to three.The fourth seed will be the team with the highest number of points but not a conference winner, and will qualify to have a home match during the quarter-finals.Seeds five to eight will be wildcards determined by their final points tally at the end of the season.Top Seed: The Lions, with a 14-1 record, topped the table last season, and yet lost a home final against the Crusaders (Getty Images)As a result the play-offs will look like this:Quarter-final One – Number 1 vs Number 8Quarter-final Two – Number 4 vs Number 5Quarter-final Three – Number 2 vs Number 7Quarter-final Four – Number 3 vs Number 6Semi-final One – Winner QF1 vs Winner QF2 There are team changes, rule changes and a new play-off format in Super Rugby for 2018. Read about them all here LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALSFormat Semi-final Two – Winner QF3 vs Winner QF4Final – Winner SF1 vs Winner SF2
Rector Hopkinsville, KY Canon for Family Ministry Jackson, MS Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Anglican Communion Rector (FT or PT) Indian River, MI Rector Albany, NY Featured Jobs & Calls The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector/Priest in Charge (PT) Lisbon, ME New Berrigan Book With Episcopal Roots Cascade Books Rector Shreveport, LA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Collierville, TN Rector Tampa, FL Rector Bath, NC Assistant/Associate Priest Scottsdale, AZ Submit a Press Release Priest-in-Charge Lebanon, OH Submit a Job Listing 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 Rector and Chaplain Eugene, OR Rector Pittsburgh, PA Press Release Service Bishop asks world for prayers as Angola economy slumps Curate Diocese of Nebraska Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Bishop Diocesan Springfield, IL Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Featured Events Africa, Assistant/Associate Rector Washington, DC Associate Priest for Pastoral Care New York, NY 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 Director of Administration & Finance Atlanta, GA Priest Associate or Director of Adult Ministries Greenville, SC Submit an Event Listing Family Ministry Coordinator Baton Rouge, LA Associate Rector for Family Ministries Anchorage, AK Youth Minister Lorton, VA Tags Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Assistant/Associate Rector Morristown, NJ Rector Smithfield, NC By Adrian ButcherPosted Jul 18, 2016 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 Director of Music Morristown, NJ AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Missioner for Disaster Resilience Sacramento, CA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Belleville, IL Cathedral Dean Boise, ID Rector Washington, DC Course Director Jerusalem, Israel Associate Rector Columbus, GA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Bishop Andre Soares. Photo: ACNS[Anglican Communion News Service] Bishop of Angola Andre Soares has warned that his country’s economy has taken a huge hit because of the collapse in the price of oil. He says basic essentials are no longer available. Speaking at Chatham House – the renowned international affairs think tank – during a visit to the U.K., he gave an example of going to hospital and finding there were no syringes available for a malaria test. He said this was exceptionally serious because of the rise in deaths from malaria and yellow fever.Soares told the audience in London that wealth from Angola’s oil income had not been shared, resulting in acute inequality. Corruption was clear and came from the top down, he explained. But the bishop cautioned against confrontation – and praised the church for building relationships with the government. He said that unlike NGOs, the church was present in every community. It was committed to the long-term and the government listened to it.Soren Kirk Jensen, an associate fellow at Chatham House, complimented the church on its role in relief and development but said it should not forget the difficult task of holding governments to account.The meeting was chaired by the philanthropist Christopher Flowers of the Flowers Foundation. Soares thanked Flowers for his investment in Angola, especially in the fight against malaria.Earlier, in an interview with ACNS, Soares spoke of his concern about the political situation in Angola. The current president, Jose Eduardo Dos Santos, has been in power since 1979 and has said he will step down in 2018 but elections are due before that.“There is concern about the handover of power,” said Soares. “The president is losing support within his party and across the country.”He said church leaders could be influential in maintaining peace and he urged the Anglican Communion around the world to pray for his country.“We need your prayers. Our country has been suffering . . . after 27 years of civil war. Now we are learning how to live together . . . we are starting [to] build the country . . . we ask that people across the world can continue to pray for us that the Holy Spirit can transform the mind of all Angolan people, especially our political leaders, to see that they come together to develop democracy . . . and also to see people can be [free to] decide what they want to do as a country, as a nation, as people.”Soares spoke with enthusiasm about the state of the Anglican Church within Angola.“We have many challenges to lay a good foundation for the diocese,” he said. “We are still a missionary diocese [within the Anglican Church of Southern Africa] but the Church is growing – because we are praying.”He said about 57,000 adults attended Anglican churches in Angola; most of them aged 18 to 36. More than 100,000 babies had been baptized. The church is keen to build schools, particularly high schools and has ambitions to build an Anglican university to cope with the overwhelming demand. It is also developing theological training for clergy which the bishop described as “key” for the church’s future.Soares is in the U.K. for two weeks. He is preaching at St. Paul’s Cathedral at a service to mark the 15th anniversary of Alma – the Angola London Mozambique Association – which links the dioceses of London and Angola. He is also visiting Manna – the Mozambique and Angola Anglican Association. Rector Martinsville, VA Rector Knoxville, TN Curate (Associate & Priest-in-Charge) Traverse City, MI
Support conservation and fish with NEW Florida specialty license plate Please enter your comment! Please enter your name here TAGSthe conversation.com Previous articleWhat experts want you to know about the worst flu season in yearsNext articleHidden figures: How black women preachers spoke truth to power Denise Connell RELATED ARTICLESMORE FROM AUTHOR Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 By Ashok Sekar, Postdoctoral Fellow, Energy Systems Transformation (EST) Research Group, University of Texas at Austin and Eric Williams, Associate Professor of Sustainability, Rochester Institute of Technology.Information and communication technologies are radically transforming modern lifestyles. They are redefining our concept of “space” by turning homes and coffee shops into workspaces. (This article was written in a coffee shop.) Instead of going to the theater, many people sit in the comfort of their homes and stream movies. Online purchasing of food, groceries and consumer products has transformed shopping. Personal interactions, from the casual to the intimate, are increasingly virtual instead of face to face.How can we measure the impacts of these changes? Time diaries are one tool for quantifying lifestyles and trends. A time diary is a survey in which people list what they do and for how long, from waking up in the morning to going to bed at night.Along with our colleague Roger Chen, we analyzed data from 2003-2012 from the American Time Use Survey, which is conducted annually by the U.S. Bureau of Labor Statistics, to gain insights into our digital lifestyle and its effect on national energy use.Our recently published findings are surprising. Americans spent nearly eight more days at home in 2012 compared to 2003, and even when we allow for displaced energy consumption – such as the electricity required to run server farms – they consumed less energy. This is good news, but it also raises important concerns about making home energy use more efficient.For decades, more than half of all residential energy use went to space heating and cooling. More recently, energy use for appliances, electronics, and lighting has increased. NASNo place like homeSince there are only 24 hours in a day, any increase in time spent on one activity has to be counterbalanced by an equal decrease in other activities. Thus, extra time at home has to come from decreased time elsewhere. We found that Americans spent 1.2 fewer days traveling and 6.6 fewer days in nonhome buildings in 2012 compared to 2003. Empty movie theaters and malls across the United States anecdotally confirm this trend.What did people do with all this extra time at home? Some activities were directly linked to digital technologies: working, watching a video and using computers. Some were not: Time spent sleeping and preparing and eating meals at home also increased. It is possible that people used the time saved by reduced traveling and shopping to catch up on sleep. We have not, however, disentangled how various factors such as shifts in the labor market and demographics could also shift activities.The trends we found differed by age group. Americans aged 18 to 24 spent two more weeks at home in 2012 compared to 2003, a change that was 70 percent higher than the general population. This could be due to differences in their job situations, texting friends instead of going out, or other factors.In contrast, people over age 65 spent less time at home compared to 10 years ago. Presumably, this is due to increases in the Social Security retirement age over time and the fact that older Americans are working longer, which results in comparatively more older people in the workplace.Americans are increasingly spending more time at home and less time elsewhere. This lifestyle shift led to reduced energy consumption between 2003 and 2012. Sekar et al., Joule (2018)., CC BY-NC-NDStaying home saves energyWe did this research partly to understand lifestyle changes, but we also wanted to know how these changes affected energy use. Analysts use mathematical methods that attribute changes in energy use to different explanatory factors, such as population, changes in building floor space, efficiency improvements and now, time use. Applying these methods, we found that Americans are saving energy by staying at home.Nationally, reduction in time spent traveling led to a decrease in energy of 1,200 trillion British thermal units, or Btu, a measure of the heat content of fuel. Reduced time spent in nonhome buildings lowered energy consumption by 1,000 trillion Btu. Energy use did increase at home, but to a comparatively smaller degree – about 480 trillion Btu.Combining these three shifts, we found a net reduction of –1,700 trillion Btu, or 1.8 percent of national energy demand. A gallon of gasoline contains about 120,000 Btu. So the lower energy consumption translates into 14 billion gallons of gasoline.While the time reduction in traveling (1.2 days) is much less than the increase in home time (8 days), one minute of car travel is 20 times more energy intensive than time at home, so any reduction saves a lot of energy.Our analysis did not include some factors. For example, when internet use increases, we know that servers and IT infrastructure consume more energy. While we could not completely account for this, we did find that the increase in energy consumption by all servers in the United States during the period we studied was only about one-seventh of the total savings of 1,700 trillion Btu – not enough to counteract the overall trend.We also did not include energy consumption from trucks delivering e-commerce orders to homes. However past work has shown that the energy reduction from shoppers making fewer trips to stores was much larger than energy consumption by e-commerce delivery trucks.Most appliances sold in the U.S. carry labels that give consumers information about how much energy the devices use. FTCA new priority for home energy efficiencyThere are many efforts at the state and federal level to reduce energy demand. The Environmental Protection Agency’s EnergyStar program certifies energy-efficient appliances. The Department of Energy, with input from Congress, develops energy efficiency standards for appliances and equipment. State-run utility commissions typically require utilities to run programs to encourage efficiency, which often provides rebates to consumers who purchase efficient appliances.The trends we identified suggest that people are going to spend more time at home. This provides motivation for policymakers to increase focus on efficiency programs for homes. Policies such as the Trump administration’s proposed budget cuts to EPA’s EnergyStar program would be moving in the wrong direction when home energy use is becoming more important nationwide.Time use data could also inform public policy by helping households develop personalized plans for energy efficiency. Currently home energy audits account for factors such as the level of insulation and type of furnace, but usually, do not consider how residents’ lifestyle choices affect energy use. We have shown in prior work that at least for televisions, differences in how much people watch leads to huge differences in energy consumption. Awareness of time use can help residents figure out what efficiency actions will save the most energy and money.Technology will continue to affect our lifestyle choices in ways we cannot imagine. Luckily, time use provides a method to measure these changes and identify opportunities for energy savings.Editor’s Note: This article was first published in theconversation.com. LEAVE A REPLY Cancel reply The Anatomy of Fear You have entered an incorrect email address! Please enter your email address here Share on Facebook Tweet on Twitter Save my name, email, and website in this browser for the next time I comment.
The announcement of this gift was made on Giving Tuesday, a now global initiative to promote charitable giving and involvement.Zuckerberg and Chan will begin by donating up to $1 billion of Facebook stock each year for the next three years. 57 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 Other major donorsThe decision by Zuckerberg and Chan follows in the footsteps of other wealthy people who have signed up to the Giving Pledge to commit themselves to donating the bulk of their wealth to charities during their lifetime.Investor Warren Buffett, one of the initiators of the Giving Pledge, praised Chan and Zuckerberg for their decision and their relatively young age, saying that, in terms of giving such large sums, “30 is the new 70”.Buffett has so far given over $17 billion, and Bill and Melinda Gates have donated $29 billion to charitable activities. Investor George Soros has donated about $11 billion.Steel magnate Andrew Carnegie still tops the list of the most generous individual donor. He gave away almost all his wealth, worth around $100 billion today, before he died. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 Facebook founder Mark Zuckerberg and his wife Dr Priscilla Chan marked the birth of their daughter Max with the announcement that they will give away 99% of their Facebook stock to support education and health initiatives.This means that they will give, over time, $45 billion (£30 billion) to charity. The money will be given to the newly created Chan Zuckerberg Initiative.They announced the gift in an open letter to their newborn daughter, saying:“Like all parents, we want you to grow up in a world better than ours today”. Howard Lake | 3 December 2015 | News The Chan Zuckerberg Initiative isn’t even a charitable foundation, but a LLC or limited liability company. However, this gives the couple much more flexibility than a traditional foundation in how and when they spend the money; for example, it means that they can use it for lobbying work.This was acknowledged in a statement by Facebook spokesperson Vanessa Chan who wrote:“This includes but isn’t limited to funding nonprofit organizations, making private investments and participating in policy debates with the goal of generating the greatest impact.”Yet Dr Breeze and her colleagues at the Centre for Philanthropy at the University of Kent welcome the fact that these issues are being raised. She said:“Philanthropy is an arena in which such debates thrive because there is no fixed agreement on exactly what philanthropy is, why it exists or what it can and should achieve. This is what makes it such an interesting part of life to study and think about”. Advertisement Big Philanthropy raises questionsWhile many have welcomed the commitment to make such a transformative and ongoing gift, it does raise some questions. Dr Beth Breeze summarises them in her analysis in Zuckerberg: the applause, the criticism and the need to discuss philanthropy. They include:• the creation of their own foundation suggests an apparent lack of trust in existing charitable initiatives, and a need to control expenditure• the concentration of extensive philanthropic power in the hands of a few individuals• public taxes being redirected through tax relief to charitable interests of a few individuals• contrast between Facebook’s corporate tax position and CSR activities and its founder’s private philanthropy Mark Zuckerberg and Priscilla Chan to donate 99% of their Facebook stock Donation to a company, not a charitable foundation Tagged with: Facebook Giving/Philanthropy Major gift 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.
Big business: ‘Profits come first’The U.N. Intergovernmental Panel on Climate Change has issued a dire report based on the findings of thousands of scientists and environmental experts. It shows that climate change has already left its mark “on all continents and across the oceans,” damaging food crops, spreading disease and melting glaciers.Big business polluters like ExxonMobil shrug it all off. The Heartland Foundation, the chief corporate climate denier — backed by the Koch brothers, the Olin Foundation, Walmart and a host of other right-wingers — issued anti-science rebuttals to the IPCC report. The Republicans in Congress tried, unsuccessfully, to pass legislation restricting the National Oceanic and Atmospheric Administration from carrying on any research on climate change.The report talks of “extreme weather events” that are leading to the breakdown of “critical services such as electricity, water supply and health and emergency services.” It also sounds the alarm about “the breakdown of food systems, linked to warming.”The IPCC shows how environmental damage flowing from climate change hurts the poor in poor countries and rich ones, too. As environmental change intensifies the spread of disease, inadequate health systems are overcome. Food supplies are already diminishing, and food prices are rising globally, hitting the poorest the hardest.By 2050, rising sea levels due to thermal expansion and the melting of the Arctic and glaciers around the world will threaten 345 million people living in coastal regions. Acidification of the ocean is a fundamental threat to marine organisms and oceanic ecosystems. Wildlife are already under pressure, as are the world’s forests and fresh water supplies.In short, the IPCC has departed from its historically conservative, compromising reports, issued under pressure from the big imperialist polluting powers. In this report, the IPCC has pulled few punches.Irreversible damage done to the land, sea and planetary ecology comes from greenhouse gases, created mainly by the burning of fossil fuel that keeps heat from escaping the earth’s atmosphere, raising the average temperature of the earth. This rise in the earth’s temperature, especially of the oceans, is the underlying problem.Exxon defies IPCC report, declares profits will continueExxonMobil, the largest oil company in the capitalist world, immediately issued its own report. Exxon shareholders had demanded to know what impact climate change, and subsequent global policies to slow its impact, could have on Exxon’s assets and future profitability. Exxon acknowledged for the first time that there was climate change.But it put a spin on this admission: “We believe producing these assets is essential to meeting growing energy demand worldwide, and in preventing consumers — especially those in the least developed and most vulnerable economies — from themselves becoming stranded in the global pursuit of higher living standards and greater economic opportunity.”It said it expected carbon dioxide emissions from fossil fuels to peak by about 2030 and then begin to decline.Without blinking an eye and without a word about the human and environmental devastation that carbon emissions are causing, Exxon assured its stockholders of its intention to continue to pursue oil profits without letup.The company was brazen enough to openly defy warnings backed by 73,000 scientific papers from over 80 countries. But it’s not alone.Chevron, BP, Shell, Total, ENI, Lukoil and all the other oil giants will not stop for a moment. The U.S. capitalist energy industry has discovered fracking. In the name of energy sufficiency, it is gearing up to market natural gas to the world. Nor will it stop seeking new supplies of coal.On the contrary, the oil giants see the disaster of ice melting in the Arctic as a business opportunity. To them, this opens Arctic sea lanes so they can drill for more oil — which will cause more global warming, melt more ice and further endanger hundreds of millions of people and animal and plant species.The Pentagon also studies climate change and the environment to see how these will affect its mission of global domination. It watches such phenomena as desertification, drought and diminished water supply in order to anticipate national conflict. But growing environmental degradation will not stop the Pentagon, which is the world’s single biggest consumer of fuel and the world’s worst polluter.Means of pollution are means of productionNor will General Motors, Ford, Daimler, Toyota, Nissan, Fiat, Volkswagen, General Electric, Peabody Coal, utility companies, airlines, shippers and all the other polluters stop their polluting. They know that the process of creating pollution is also the process of creating profit. And the capitalist system is driven by the law of the maximization of profit.Of course, every effort should be made to block their path. The XL pipeline must be fought, as should fracking, mountain-top mining, the devastation of the rain forests — wherever new attacks on the environment, which are also attacks on humanity, occur.The struggle of the polluters for profit grows more intense as the capitalist economic crisis and slow growth drag on. With capitalism at a dead end, the monopolies will try to find profit in every corner of the globe and will leave no environment undamaged as the crisis intensifies.What must be recognized is that, under capitalism, the means of pollution are the means of production and the means of profit. Unless and until the economy is taken out of the hands of the profiteers, the millionaires and billionaires, and taken over by the workers and the communities, environmental protection and rehabilitation cannot be secured.Fred Goldstein is the author of “Low-Wage Capitalism” and “Capitalism at a Dead End,” which has been translated into Spanish as “El capitalismo en un callejón sin salida.” See Web site and blog at lowwagecapitalism.com, where books are also available.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
News December 12, 2008 – Updated on January 20, 2016 BBC World Service and Sunday Leader newspaper censored January 13, 2021 Find out more Sri Lanka: tamil reporter held on absurd terrorism charge Receive email alerts Follow the news on Sri Lanka Organisation Sri LankaAsia – Pacific News RSF_en Sri Lanka: Journalist manhandled by notorious police inspector currently on trial to go further Sri LankaAsia – Pacific Reporters Without Borders deplores the latest cases of government censorship of international and local news media. In the past few days, the BBC World Service has been jammed by the state-owned Sri Lanka Broadcasting Cooperation (SLBC) and one of the country’s most outspoken newspapers, the Sunday Leader, has been forbidden to refer to the president’s brother.”We are worried by the increase in direct and indirect censorship in Sri Lanka,” Reporters Without Borders said. “Coming after a broadcast media bill reintroducing news censorship, the selective blocking of BBC and Sunday Leader reports is disturbing. The authorities must accept the free flow of news even when it contradicts what officials are saying and irritates certain politicians.”Reporters Without Borders condemns the censorship of parts of the BBC’s Sinhala service on 10 December and 27 November. On 10 December, the authorities jammed a report about protests by politicians in the Indian state of Tamil Nadu who objected to being called “jokers” by the Sri Lankan army chief.On 27 November, reports on a speech by the leader of the Tamil Tiger rebels and a press conference by representatives of the Defence Watch website were rendered inaudible by the SLBC, which is contractually obliged to retransmit the BBC’s Tamil and Sinhala programmes every day.The SLBC has, since August, been broadcasting a programme immediately after the BBC programming to give the official Sri Lankan government take on what the BBC’s journalists have just reported.”We think it is important for the BBC to remind the Sri Lankan authorities of the broadcast contract between them,” Reporters Without Borders said. “These cases of censorship are a deliberate violation of the commercial rules.”The defence ministry website (www.defence.lk) has meanwhile been attacking the BBC World Service with increasing virulence. The BBC Sinhala service’s reports were described as “diabolical lie” in a report posted yesterday. The BBC’s journalists are accused of being accomplices to Tamil Tigers propaganda when they refer to the fate of civilians in war zones.On 5 December, a judge ordered Leader Publications, the publisher of the Sunday Leader, not to print during two weeks any report whatsoever about the president’s brother, defence secretary Gotabhaya Rajapaksa, who personally went to the court to accuse the press group of publishing “slanderous” reports about him. He is demanding 1 billion rupees (7 million euros) in damages. News Sri Lanka: RSF signs joint statement on attacks against human rights defenders, lawyers and journalists Help by sharing this information News July 29, 2020 Find out more July 15, 2020 Find out more