Monthly Archives: June 2017

Guide to Investing in Robotics Stocks: What’s the Future in Automation? – Zacks.com

Posted: June 8, 2017 at 11:04 pm

When people think of future technologies that will change our lives, robotics and the general trend towards more automation is usually at the top of the list. And while some of the more sci-fi aspects of this technology still appears to be in the future, robotics and automation is already an important industry, and one that could surge in status in the years ahead as well.

The space is probably a lot bigger than you think too. Sure, most are familiar with companies like iRobot (IRBT - Free Report) , but the industry goes beyond vacuuming and pool cleaning robots at this point. In fact, many big-name players are getting into the robotics world, and it looks to be a high growth area for quite some time.

To learn more about this growing trend, I spoke with Bill Studebaker, the CIO and President of Robo Global. This company was the first to create a benchmark index to track the global robotics and automation market, acting as a barometer for companies across the space, and making Robo Global a firm in the know about the world of robotics and automation.

Investing in Robotics

Bill and I discuss the key growth areas of the robotics and automation world, as well as some of the top reasons for the greater push towards robotics as of late, including the prospect of rising wages. We also talk about how this industry may have reached a critical mass in recent years, and what this means for investors too.

We also look at what the hot areas of the robotics world are, and I get Studebakers take on Bill Gates recent commentary that we may have to consider taxing robots in the near future. We then investigate what is ahead for this industry, and why an index-based approach might make sense in this high-growth and higher-risk corner of the market.

Index in Focus

The index is also the basis for the Robo Global Robotics & Automation Index ETF (ROBO - Free Report) , the most popular fundby assetsto track the space in the ETF world. We dive into the underlying benchmark in this podcast and I investigate how securities are chosen and weighted for the index.

This is especially important when you take a first glance at the index components for the benchmark, as some companies that make their way into the benchmark include large and well-known firms like Deere (DE - Free Report) and Northrop Grumman (NOC - Free Report) to name a few. We go over why these are in the index, as well as the wisdom behind including a number of semiconductor stocks such as Nvidia (NVDA - Free Report) , Qualcomm (QCOM - Free Report) , and Ambarella (AMBA - Free Report) too.

We also talk about the significant foreign exposure in this index, and why Japanese companies account for such a large portion of the benchmark as well. Finally, we talk about the market cap breakdown for companies in this space, and what could be ahead for this growing area.

If youve been interested in the world of robotics and how to invest in this space, definitely check out this podcast for a great guide to the industry!

Bottom Line

But what do you think about the world of robotics? Is this something youve considered for your portfolio? Make sure to write us in at podcast @ zacks.com or find me on Twitter@EricDutramto give us your thoughts on this, or anything else in the fund market.

But for more news and discussion regarding the world of investing, make sure to be on the lookout forthe next edition of the Dutram Report(each and every Thursday!) and check out themany other great Zacks podcasts as well!

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Guide to Investing in Robotics Stocks: What's the Future in Automation? - Zacks.com

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Automation nation: Which Canadian communities are most at risk? – The Globe and Mail

Posted: at 11:04 pm

Nearly half of Canadas work activities could be automated, and the communities most susceptible tend to have smaller populations with an outsize share of manufacturing or natural resources jobs, according to a newreport.

On the other hand, the Canadian areas best insulated from tech disruption include those where hospitals, postsecondary institutions and the public sector are major employers, the Brookfield Institute for Innovation + Entrepreneurshipfinds.

The Toronto-based think tank applied McKinsey & Company data on automation to employment figures from the 2011 census, the most recent account of local labour statistics. (Labour figures from the 2016 census will be released inNovember.)

Census metropolitan areas with a higher share of non-routine work activities were less likely to be disrupted, the reportsays.

For example, one-third of Ottawa-Gatineau employees were working in health care, education services and professional scientific and technical services three industries that rely on human interaction and management. As a result, 44 per cent of the work activities in Ottawa-Gatineau had the potential to be automated, according to the study, making it the second-least susceptible area out of147.

In contrast, one-quarter of Ingersoll, Ont., employees were working in manufacturing and one-fifth in retail, restaurants and accommodation industries with highly repetitive tasks. The study found that 50 per cent of the work in Ingersoll had the potential to be automated, making it the area most at risk in thecountry.

Where does your city rank? Use the searchable table below to find out, or tap the column headings to order thefigures.

Source: BII + E

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Automation nation: Which Canadian communities are most at risk? - The Globe and Mail

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Education & Wage Slavery | The Middle Finger Project

Posted: at 11:03 pm

Ed-u-ca-tion.

Ah, the sound of the word alone evokes feelings of hope, prosperity, success andwhats that?money, you say? Ah, yes. And money.

We grow up believing that education can defeat all circumstance, transcend social classes, and pave a 24 carat, solid gold nugget path to upward mobility blissdom. Aaaaaaaahhhhhhhhhhh! (No, that was not a scream, people, those were the angels harmonizing. Clearly.)

And, isnt that the case?

Dont we go to school and get an education to learn, think independently, develop our interests and become all-around badasses? Dont we praise, worship and promote education as the be-all, end-all solution to the worlds worries? Dont we embark on philanthropic missions to spread the good word of education to those that dont have access? Doesnt education equal opportunity? Dont I ask a lot of rhetorical questions?

Were constantly talking about what education can do for us.

Sure, theres plenty that education can do for all of us. But in our flurry of excitement, we fail to recognize that tiny little detail called the law of reciprocity. What, exactly, are we doing for education in return?

The answer: A hell of a lot more than we realize.

Why do you suppose presidents go out of their way to make education a priority? And I quote, from President Obamas website:

Preparing our children to compete in the global economy is one of the most urgent challenges we face.

Sounds noble enough, doesnt it? (Note: This is not a political statement for or against President Obama. Just an example.) As much as wed like to believe that those in power are petitioning for education because theyre good people, or because theyre looking out for our personal well-being, or because they want social equality, or maybe just so we dont look like big, fumbling, sloppy idiots next to the Chineseits a happy little love story, but it isnt the real reason. The real reason is tucked nicely right into that quote up there. See it there? Look closely. See it now?

Economy.

Economy is a fun little word, especially right now. Our economy happens to be based on capitalism. This means that goods, or capital, is traded for profit, and profit is the name of the game. The term capital can encompass many things, but theres one form of capital in particular thats the most important form of all, and guess what?

That capital is YOU.

You probably think of yourself as far more than a mere factor of production,but human beings in a capitalist society are exactly thathuman capital. (Worse, what really stings is that economists refer to human capital as a fungible resource, which basically means that youre interchangeable. Ouch.) Basically, your knowledge contributes to your ability to perform labor, in order to produce economic value. Therefore, more knowledge = more labor = more economic value.

And how do you get more knowledge? Ed-u-ca-tion. (Cue angels.)

This is why education is promoted. And Im sure it comes as no surprise, the link between education and economic value. Weve always grasped that concept on on the surface, but the question is, do we understand what that means? For example, what if its the case that the only education youre receiving is that which contributes to your economic value? Some might argue that it is.

We educate people to perform the functions that are needed, so that they can be productive members of society. Youve heard that phrase before, right? In this sense, within the education system we are essentially a bunch of giant pawns that are manipulated, shaped and formed into what is needed in order to produce, AKA, what is needed in order to make a profit. We arent gaining knowledge for the sake of knowledge; we are gaining specific knowledgethat which is dictated by the elite, with their goals in mind, since they run the education system in the first placein order to perform certain functions later in life. Were being prepared for the work force. Were being primed to produce.

Were being used, in the deepest sense.

From this perspective, the economy doesnt exist to support its people; its people exist to support the economy. The term wage slave has never held more truth.

Lets say a school curriculum emphasizes mathematics over history. (It isnt too often you hear of AP History, do you?) Its highly probable that the students that attend that school will rank mathematics as more important than history. In turn, those people are going to regard jobs that require specialized skills in mathematics as more important than those that require specialized skills in history.

Students are told that jobs in mathematics will mean greater economic opportunities, which may be partly true, but what society gets out of promoting mathematics through the education system is a greater supply of math geniuses. A greater supply of math genius human capital. And a greater supply of math genius human capital translates into a more competitive society. And a more competitive society translates into a more profitable society. And a more profitable societyyou guessed ittranslates into a better economy.

Was the connection clear there?

So lets skip past all the wordy explanations and get down to itbasically, youre busting your ass to learn math so someone at the top can get even richer. Its a hidden curriculum, if you will. Its a case of those in power manipulating schooling to serve their own agenda. The opinions of the majority are formed mainly through education, and the government decides whats taught in an educational setting.

Coincidence? I think not.

The education system is the perfect way to transmit fundamental values necessary for capitalism to be successfulcompetition, individualism, consumerismbecause it has access to children right from the beginning, and for a really, really (really) long time. Its socialization by education. Education is a tool to wield power.

If you need more proof, think back to when schooling first became widespread, when Western nations tried to colonize indigenous peoples, providing them with moral guidance in an attempt to convert them to Western values and norms.

Why?

So Westerners could exploit them by extracting taxes and getting cheap labor, as well as encourage the spread of Western culture and language. Doesnt sound so much like an institution with your best interests in mind, does it? It was about power and money then, and its about power and money now.

But, its pretty hard to reject a piece of the status quo when youve spent your whole life unconsciously perpetuating it.

In school, too often we are taught what to think, not how to think, and theres a fundamental difference. Its crucial to acquire the latter if you want to do big things. Critical thinking skills are lacking, and thats why I blogto encourage it.

Sometimes it makes people uncomfortable, but thats the point. By inspiring critical thought, the hope is to nudge the human race forward, if only just a little bit. Critical thinking leads to action. And if we ever want to shake up the status quo, were going to have to act.

Am I rebelling against capitalism? No. But I am calling for a more conscious awareness of how the world works around usand how it affects us, in turn? Yes.

Am I rebelling against education? No. But am I calling for a broader base of knowledge within the education system? Hell yes.

I get capitalism, but heres the thing:

I dont like being someone elses capitalI want to be my own.

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4 Signs You are a Slave to Your Job | The Unbounded Spirit

Posted: at 11:03 pm

BY SOFO ARCHON

Get a job. Go to work. Get married. Have children. Follow fashion. Act normal. Walk on the pavement. Watch TV. Obey the law. Save for your old age. Now repeat after me: I am free. ~Unknown

Most of us understand how horrible the practice of literal slavery is. But theres another form of slavery that we dont seem to notice and are barely concerned about wage slavery.

We have the technologicalcapacity to feed, shelter, and provide for the basic needs and wants of all humanity. However, oureconomic system prevents us from livingin a world of abundance that we could easily create, if we wanted to, for the simple reason that money is scarce and hence not all people can afford to live a decent life.

In thissystem, mostpeople have to submit to wage slavery, whether they like it or not,competingwith one anotherfor jobs that will allow them to merely survive, and always feeling financially insecure,which is causing them tremendous stress.

If youve been wondering whether you are a slave to your job, these 5 signswill reveal you the truth:

1. You feel compelled towork.Work is immensely beautiful when done out of love to contribute to the well-being of the world. However, the majority of people dont work because they love what they are doing orout of their desire to share their gifts to the world. On the contrary, they hate their job, and they do it only because they feel compelled to do it. They submit to their job, just so they canearn money, something that they would never choose to do, if given the chance to live wellwithout having to doso.

2. Youhave a boss.Since most peoples wagedepends on their employers, they have to see them as bosses and yieldto their will. A clear sign that most peopleare slaves to theirjobis that they cannot have a say and express themselves creatively when carrying out a task. They just have obey tothe orders given to them by thoseabove them in the work hierarchy.

3. Your job wastes your time. The standard working hours of countries worldwide are around 8hours per day,which means that about ahalfof most peopleswaking lifeis owned by their employers, and they waste it doing things they hate doing! If by freedom we meanthe choiceto spend ourtime the way weenjoy spending it, then this clearlymeans that everyone who has a normal job is nothing but a slave.

4. Your job wastes your energy.Other than wasting your time, a job is also veryenergy consuming. After having worked for about 8 hours in conditions of stress, most people return to their home feeling utterly exhausted, not having the energy anymore to do anything creative that gives them joy and improves the quality of their life. All their energy has been wasted during their work, leaving them physically, emotionally and mentally drained.

How in the hell could a man enjoy being awakened at 8:30 a.m. by an alarm clock, leap out of bed, dress, force-feed, shit, piss, brush teeth and hair, and fight traffic to get to a place where essentially you made lots of money for somebody else and were asked to be grateful for the opportunity to do so?~Charles Bukowski

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Jeff Sessions Says Social Media, Encrypted Apps Hamper War on ‘Modern Slavery’ – Reason (blog)

Posted: at 11:03 pm

ERIK S. LESSER/EPA/NewscomU.S. Attorney General Jeff Sessions told a gathering of more than 1,500 federal, state, and local law enforcement agents that he was ready to follow President Donald Trump's orders and "make our country safe again." For Sessions, that entails "mak[ing] the fight against child exploitation and human trafficking a top priority."

Both were major priorities for the Obama-era Department of Justice and FBI too, so Sessions' bluster is based on a bit of a false premise. But what difference does it makeprioritizing the protection of children and trafficking-victims can't be a bad thing, right?

Alas: When it's done by the likes of the Justice Department, it can be. Beyond all the big talk about saving kids, the agency actually allocates most of its anti-exploitation agenda to arresting adult sex workers and snagging people in stings that involve no actual victims. That is, when it's not aiding in the arrests of exploited children themselves. If Sessions' June 6 speechclosing the National Law Enforcement Training on Child Exploitation meeting in Atlantasignals greater federal investment in status-quo solutions, expect to see even more "human trafficking stings" targeting adults engaged in prostitution, immigrants eligible for deportation, and asset-heavy escort-advertising sites, as well as any broader civil liberties they can plausibly grab along the way.

In Atlanta, Sessions warned of the dangers of "emerging technologies," encrypted-communication platforms, social-networking sites, and "the so-called Darknet." These, he declared, are the tools of such "depraved people" as "child pornographers, sextortionists, and human traffickers."

"We need to help our fellow citizens know what to watch for, and encourage them to tell us when they see something troubling," Sessions urged. "Nothing less than a united effort will be enough to keep our children from becoming victims of exploitation."

Sessions finished his speech by presenting a video on "the importance of recognizing the signs of child sex-trafficking and reporting suspected crimes." It featured the tagline: "Modern day slavery exists. If you see it, report it." Even the aggressively neutral Politico couldn't avoid making drug war comparisons, describing the video as "hearkening back to the D.A.R.E era" with its "hyperbolic language" and its portrait of "a slippery slope of behavior leading to irrevocable consequences."

The idea that every American child is just one smartphone app away from being snatched into sex slavery is absurd, and it bears no relationship to what both anecdotes and data tell us about such matters. But it does make a nice narrative if you want to wage war on pesky encrypted technologies that thwart all sorts of investigators; or to insert more Immigration and Customs Enforcement, Homeland Security, and FBI agents into community policing; or to get everyone from flight attendants to truck drivers telling federal agents about anyone "suspicious"; or to ensure the continued relevance of an agency whose drug-war glory days are behind it.

As Reason's Matt Welch pointed out in January, the Sessions confirmation hearing featured no lack of hysteria about human trafficking. Sen. Dianne Feinstein (D-California) began her interrogation by asking about sex trafficking, which she called the second-largest criminal industry in Americaa "factually insane claim that will probably give [Sessions] more power," Welch noted:

In order for "human sex trafficking" to be the second largest criminal industry in the United States, it would at minimum need to supplant illegal narcotics (roughly $100 billion a year, according to a 2014 Rand Corp. estimate), or Medicare fraud (in the ballpark of $60 billion, according to the Government Accountability Office in 2015). So distant is reality from those numbers that even the commonly cited figure of $9.8 billion a year for all trafficking and keep in mind that human smuggling dwarfs sex trafficking was given "four Pinocchios" by Washington Post fact-checker Glenn Kessler.

Senators at the confirmation hearing also grilled Sessions on whether pornography is a public health crisis and how open he is to aggressive use of obscenity laws.

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A Myopic View Of Robert E. Lee – National Review

Posted: at 11:03 pm

For most of the first century following the American Civil War, histories of the wars legacy particularly the Reconstruction era tended to suffer from the myopia of considering only the relationship between white Northerners and white Southerners. As the war neared its end, some in the Union (like Lincoln and Andrew Johnson, though in very different ways) stressed the need for reconciliation between the Union and the defeated Confederates; other Radical Republicans wanted a more vigorous demonstration of vengeance towards the rebels and their leaders for their treason. The result of looking at the war and its aftermath solely through this framework is that waves of revisionism swung back and forth between views sympathetic to the Radicals desire to remake the South and liberal-sounding histories that condemned them as hard-hearted zealots insistent on prolonging the nations divisions, and that painted Reconstruction as a cesspool of corruption. The latter type of history was largely responsible for the bad historical reputation of Ulysses S. Grants Radical-friendly presidency. It also colored denunciations of the impeachment of Andrew Johnson (although Johnson, who was wrong about Reconstruction, was right about the specific dispute at issue in the impeachment.) You can still catch a whiff of this latter view in the chapters on that era in John F. Kennedys Profiles in Courage.

The problem with the how hard should we have been on the Confederates debate is simple: it leaves black people out of the picture. Thats a rather large omission. The Civil War was not, as some would have you believe, fought only over the issue of slavery; it was the culmination of a series of disputes over ideas and policies, and seeing the war as a crusade to free the slaves was never more than the view of a sizeable minority faction in the North. Even Lincoln was willing, all the way to 1865, to make some concessions on the pace of abolition in order to end the war and preserve the Union. But slavery was unquestionably the main cause of the rupture between North and South, without which there would have been no war. The debates and resolutions adopted by Southern states when they seceded made it extraordinarily clear that the South was leaving mainly to protect the institution of slavery. (Moreover, many of the secondary disputes between the two sides were connected to the nature of the Southern slave economy). And in the debates over Reconstruction, the civil and economic rights of the freed slaves were a crucial battleground, one on which Northern Republicans fought long and hard for a decade before exhaustedly surrendering in 1876 in exchange for control of the White House.

If you have only ever read treatments of the life of Robert E. Lee that suffer from the myopic exclusion of black people, Adam Serwers latest piece in The Atlantic could offer you a useful corrective. But Serwer suffers from his own myopia.

Lee was widely revered in his own day even by his adversaries partly for being a great general, and partly as a paragon of a great many virtues valued by the (white) American society of his time. Serwer offers to add to that picture both a reminder that Lee shared the retrograde racial attitudes of his time and that the cause Lee fought for was inseparable in every particular from slavery. (He offers as one example the fact that Lee would not engage in prisoner of war exchanges that treated captured black Union soldiers as prisoners of war rather than escaped property). He also notes that Lees role as a postwar conciliator must be balanced against his continuing opposition to black civil rights, a movement that would mature into the full horror of Jim Crow within a few years of Lees 1870 death. If Serwer stopped there, hed be on solid enough ground.

But intent on attacking every aspect of Lees memory, Serwer keeps going. First, he berates Lee for the grand-strategic decision to wage a conventional war against the Union:

Despite his ability to win individual battles, his decision to fight a conventional war against the more densely populated and industrialized North is considered by many historians to have been a fatal strategic error.

This echoes a May 19 op-ed by Michael Rosenwald in the Washington Post, tendentiously titled The truth about Confederate Gen. Robert E. Lee: He wasnt very good at his job, which chose to level the same charge at the same time, probably for the same reason:

Outmanned, Lee should have taken a more defensive posture, drawing the North into difficult Southern terrain. Instead, he was constantly on the offensive, which resulted in heavy casualties and broken spirits.

Its true that the Confederacys grand strategy in the war was badly flawed. Indeed, the decision to wage the war at all was insane: the Confederacy was far less of a match in manpower or industry for the Union than the Thirteen Colonies had been relative to Great Britain in 1775, and unlike the colonists, the Confederacy didnt have an ocean between themselves and their adversaries. The Confederate cause could succeed only if it was vastly better-led than the Union, and thanks in large part to Lee, it managed to pull that off for the first two and a half years of the war.

However, Serwers attack on Lee as a strategist completely ignores two vital points. One, Lee wasnt in charge of grand strategy, and in reality wasnt even a theater commander until June of 1862, when he was put in charge of the Army of Northern Virginia in time to halt a Union advance on the Confederate capital of Richmond. Lee had spent the year before that fighting relatively peripheral battles and supervising the construction of defensive trenches around Richmond. The Confederacy was a democracy, and its elected government was headed by Jefferson Davis, a West Point graduate, former Secretary of War and a colonel in the Mexican War who took an active role in military strategy. It wasnt Lee who decided to locate the new capital so close to the Union lines, necessitating the commitment of extensive resources to defend Eastern Virginia. It was Davis and his government, not Lee, who imposed the political imperatives that drove Confederate strategy.

More broadly, Serwer wholly fails to consider the moral consequences of a purely defensive war of Fabian retreats and guerilla fighting on Confederate turf. Such a war which Lee never wanted during the war, and which he rejected as a path of insurgency after Appomattox would have been one of scorched earth and embitterment, not only wrecking the South even in victory but making any permanent reconciliation vastly more difficult in defeat. The human toll of such a war could be seen from the places where it had erupted during the Revolution, like North Carolina. Sherman would ultimately bring scorched earth to Georgia, and the results hardly recommend a deliberate strategy to invite that for the entire war.

Related to this is how little credit he gives Lees eminence and gentlemanly surrender for preventing a long-term insurgency, avoiding an aftermath like the French Revolution, and enabling the country to return to being a single, functional political whole in time enough to see the vast rise in American prosperity and power between 1870 and 1945. If the old histories of Reconstruction were myopic in forgetting African-Americans, Serwers view is myopic in considering no one else, not even the majority of the population. Looking back at Jim Crow, he cannot see how anything could have been worse, why national reconciliation after the war had any value, or why anyone would have wanted peace in the America of 1865-76. We can use the distance of history to judge the national decision to fight no further, but we should have some understanding of what costs the people of the day had paid already, and what they spared by laying down the sword.

In fact, Lees willingness after the war to subordinate the interests of freed slaves to the cause of union and peace was not so radically different from the view that Lincoln himself took during the war. All the way up to the ratification of the Thirteenth Amendment in 1865, Lincoln had held onto the view that some concessions on slavery (albeit fewer as the war wore on) could be exchanged for restoring the nation. That doesnt make Lee the moral equal of Lincoln, but the Americans of that day did not see things in the same terms we do now.

Lee was no hero; he fought for an unjust cause, and he lost. Unlike the Founding Fathers (even the slaveholders among them), he failed the basic test of history: leaving the world better and freer than he found it. And while he was not responsible for the Souths strategic failures, his lack of strategic vision places him below Grant, Sherman and Winfield Scott in any assessment of the wars greatest generals. We should not be building new monuments to him, but if we fail to understand why the men of his day revered him, we are likelier to fail to understand who people revere today, and why. And tearing down statues of Lee today is less about understanding the past than it is a contest to divide the people of todays America, and see who holds more power. Thats no better an attitude today than it was in Lees day.

As much as I value history understanding it is essential to understanding our own world today one should be suspicious of people looking to make a contemporary political cause out of the American Civil War, the most bloody and divisive episode in our nations past. The results are often more racial division and less understanding of history. Serwers interest in attacking General Lee is transparently about the present, not the past. That myopia is how he ends up down a blind alley.

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A Myopic View Of Robert E. Lee - National Review

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What Pro Wrestling Would Look Like Under Socialism – Paste Magazine

Posted: at 11:03 pm

Can pro wrestling, a medium with a history of bare-faced antagonism towards leftist politics, exist under socialism?

I think its contingent on the degree to which wrestlers and others in the business identify with the working class.

Its a spectrum. On one end, you have Zack Sabre Jr, who speaks out against neoliberalism and recently raised money for the ACLU. On the other, you have Matt Striker, who was, as I was writing this, using Twitter to mock the reporter assaulted by Greg Gianforte, a Montana Republican who was subsequently elected to Congress, and speak against a living wage for fast food workers.

Where there isnt wrestling, people will create their own. Ive seen enough lips busted on trampoline frames to know this. Whether or not we can develop a class consciousness within this industry will determine whether we have to start from scratch or if that knowledge, training and character that we identify with pro wrestling now will be preserved in this new iteration.

This isnt to downplay the irrevocable influences on wrestling that socialism would have. They are substantial, perhaps even drastic. Still, I think theyre necessary to ensure that the compassionate, sustainable future we advocate for is extended to wrestling (a thing many leftists love, often despite ourselves).

Longer Careers, Shorter Title Reigns

Whatever shape the political apparatus of a socialist America takes, its safe to say that industries and business will be run as worker co-ops, directed and managed democratically by the workers. Theres no reason wrestling would be the exception.

With the abolition of rent and wage labor, the incentive to grind your knees down on multiple house shows a week will be low. And everyone will be involved in local committee projects anyway; theyll need those knees to build houses and plant arugula.

How would you book yourself if you were focused on longevity? More tag matches, triple threats, battle royals. More chances to do spots and wow crowds while getting a few breathers in the corner.

Those add up to a longer, if less illustrious, career. Legacies like Hulk Hogan, Ric Flair and Kazuchika Okada are the result of a singular vision focused on capital. Titles, if they exist, could become a means of collective recognition of labor and talent.

In theory, at least. If you, say, had a habit of defecating in your co-workers gym bags in the previous regime, youre probably gonna be voted to lose. A lot.

The Tag Title Will Become The Top Title

The structures of wrestling reflect our values. The great man babyface perceives that being himself, by himself, reflects American ideals of individualism, distrust of teamwork, and frustration at the weak-willed, ineffectual governing apparatus that exists only to fetter their attempts to win custody of their adopted son.

A collectivist wrestling company living in a collectivist society will reflect that in its booking. An example of this would be CHIKARAs Campeonatas de Parajas, a tag title that preceded its equivalent of a world title by 5 years; I see a correlation in the increasing prestige of a top singles title with the CHIKARA brands transition from that of a local, community-supported indie fed to a destination for indie talent from all over the world.

Its possible this will extend beyond tag teams, and that wrestling promotions will break out into rival factions of varying alignments, like NJPW has right now. For one, it accurately reflects political discourse in a multi-tendency, big tent organization like the DSA.

On that note, it never fails to crack me up to see Bullet Club, a faction formed to antagonize a homogenous, xenophobic society with multiculturalism, in the Twitter avatars of white nationalists.

A Return To Rasslin

Wrestling has long run on a particular cycle of acquisition. The big companies see a trend in the smaller that they want to appropriate, and then buy up all the wrestlers they can who fit that trend, incorporating it into the mainstream style and forcing the remaining indies to find something new. CCK subtly references to this occurring to the new British style in their recent promo for PROGRESS.

Without this engine of imposition, the need for a rapidly developed diversity of hyper-specialized wrestling styles will be low. And some wrestlers, a demographic that leans hard to the right, will just quit the sport entirely. Less knowledge to be passed on to wrestlers who work less matches and travel less.

That will facilitate a return to basics. More rasslin, more catch-as-catch-can, more literal amateur hour.

I think this can be good. Part of what makes Lucha Underground, Hoodslam and Party World Rasslin beautiful is their ability to reach people who dont necessarily identify as wrestling fans by focusing on crafting their own narratives and culture instead of maintaining a certain fluency in current wrestling trends. Another part: they make Jim Cornette mad.

The Revolution At Ringside

What does it mean to distribute wealth? A capitalist might say Its whenever I have $2 and you have $0, you take $1 from me to make it even. Which isnt inaccurate.

A more fleshed out realization of it (in the simplest terms) would be if, whenever you have $2 and I have $0, I take that $1 while we work to abolish the things that require money (rent, lack of food access, etc) and then the money, now evenly distributed, is worthless.

So, in an economy that is in the process of, or has even completed the destruction of currency, who gets the best seats in the house? Maybe its the workers. Maybe its the syndicate or commune that collectively own the stadium.

I like to think that, if we use the Marxist axiom of from each according to their ability to each according to their need, we could start giving those ringside seats to the people who need them mostkids, seniors, disabled people.

Whatever we decide, it means some tall asshole in an nWo shirt who refuses to sit down cant block your view and ruin the show. We call that improving material conditions.

In Soviet America, Ref Bumps You

Pro wrestling referees are the definition of failing upward. Theyre prized for their incompetence, cowardice and impotent biases.They largely exist to prevent the face from achieving their goals or enact justice on heels.

This is what people like Vince McMahon and your neighbor who watches too much Fox News thinks about institutions who want to hold people to playing by the rules: weak-willed, easily circumvented, and unable to do whats necessary to bring the ill-willed to heel.

The process by which we achieve socialism in America would fundamentally change this systemic perception of justice. A bloodless grassroots revolution could lead to referees being heroic mediators who desperately try to keep carnage from all sides from boiling over.

An authoritarian vanguard could mean referees who impose order through force. A multi-tendency revolution could lead to sectarian refs endlessly feuding over slight variations of ideology.

Not all of these outcomes would necessarily make the product compelling. Thats the bad news.

The good news is the abolition of wages means thered be no one to sell contraband t-shirts to, so Earl Hebner can have his job back.

In a capitalist system, projects and institutions exist according to their capacity to generate (and/or extract) capital. If socialism is enacted in the United States, it will fundamentally change the social contract and conditions by which industries and institutions function. Anything you want to preserve amidst such a sea change needs a plan of adaptation.

If the thought of adjusting pro wrestling to accommodate a socialist society fills you with disgust or rage, I think its worth interrogating whether your attachment is actually to wrestling or to the society it reflects (before you answer: remember, we are revolting against that society).

Whatcha gonna do, comrade, when the proletariat dismantles the systems of exploitation running wild on you?

Jetta Rae is a writer and organizer based in Oakland. She runs the leftist food blog FRY HAVOC and can be found on Twitter.

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Stop unnecessary port charges Shipping lines urged – Hellenic Shipping News Worldwide

Posted: at 11:03 pm

The Ghana House of Port Agents (GHOPA), a group of importers, has asked shipping companies at the Tema port to bring an end to excessive charges on imported goods.

According to the group, since the announcement of the abolition of the 1% Special Import Levy by the Akufo-Addo-led government, owners of shipping lines have introduced new charges at the port.

A statement issued by the group said: On 2nd March, 2017, during the maiden budget statement of President Akufo Addos government presented by Hon Ken Ofori-Atta, we [GHOPA] developed a very strong confidence in the government, having the belief that some of the abolished taxes were going to help us unleash our fabulous policies to help redeem the image of businesses in our nation especially at the port in our various fields of work. Ever since those taxes were abolished, there have been a whole lot of unnecessary charges at the port by the shipping lines of which we [GHOPA] and the freight forwarders, as well as the importers, are not happy about.

Some of those charges that we [GHOPA] believe are unnecessary are: cleaning of container charges, container security charges, demurrage on public holidays, Saturdays and Sundays. What saddens our hearts most is the fact that they dont even work on weekends [Saturdays and Sundays] as well as on public holidays, meanwhile GPHA also charges on the same consignment (security fee)

Again, shipping lines like CMA Line, Maersk Line, Pacific International Line (PIL), and Mediterranean Shipping Company (MSC) always delay in issuance of their invoices especially when their system goes down and at the end of the day we are being charged for their own technical issues which caused the breakdown of their system. And their demurrage charges are too much. They charge as high as USD100 per day which we think is just too much.

In conclusion, we the Ghana House of Port Agents [GHOPA] wish to convey through this press release that we are pleading with the government, Ministry of Trade and Industry, and other bodies concerned to do something to put an end to all the unnecessary charges at the shipping lines in a month else we will advise ourselves either embarking on a massive demonstration against all the bodies including the government or the law court.

In a subsequent interview with Chief Jerry Forson, host of Ghana Yensom on Accra100.5FM on Wednesday, June 7, Prince Kofi Buamah, Public Relations Officer of the group, said: We are appealing to the government to focus its attention on the shipping lines because they are hurting our businesses at the Tema port. We cannot trust the Shippers Council to deal with this issue because we have put several of our issues before them but they havent handled them properly.

Ampadu Siaw, Secretary of the Secondhand Spare Parts Dealers Association, also commenting on the matter, commended the group for raising the matter.

Also speaking on the show, he said: I will commend them, it is a fight that all of us must support because it affects us. The leadership of spare parts dealers will be meeting on this and see how we can also involve ourselves in this matter.

As for Ghana Shippers Council, they are not serving our interests, they are serving their own interests because most of the issues that come before them are not addressed. Source: GhanaWeb

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Corbyn’s quiet revolution – Camden New Journal newspapers website

Posted: at 11:03 pm


Camden New Journal newspapers website
Corbyn's quiet revolution
Camden New Journal newspapers website
... utilities that we all rely on, properly funding both schools that nurture our young and the NHS that cares for us when we're ill, and ending insecurity at work with the abolition of zero-hours contracts and the strengthening of trade union and ...
Generation JezzaJacobin magazine
General Election 2017: What is each party promising?DIGITALLOOK
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Channel NewsAsia -Center for Research on Globalization
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As sea levels rise, are floating cities the future? – Yale Climate Connections

Posted: at 11:02 pm

Illustration of a seastead, modeled after a local flower to honor the Polynesian culture. Photo courtesy of Joe Quirk/Seasteading Institute.

While some people are planning for life on Mars, theres a new movement of so-called Seasteaders planning to colonize a frontier a lot closer to home.

Quirk: Seasteading is building politically independent cities that float on the ocean.

Thats Joe Quirk with the California-based Seasteading Institute.

He believes that man-made islands will someday be home to independent communities where people can experiment with new forms of government and launch innovative businesses. He says these islands may also have value for places threatened by sea-level rise.

Quirk: The immediate imperative is to provide a solution for these Pacific Island nations that are sinking below sea level.

As its first project, the Seasteading Institute plans to build a cluster of island platforms in a French Polynesian lagoon. Quirk says the technology to build the islands exists, and if all goes well, construction will start next year.

Theres still widespread skepticism about the feasibility of Seasteading, let alone its ability to provide an affordable solution for people displaced by rising sea levels.

But as we face a world changed by global warming, projects like this remind us that there are ground-breaking ideas waiting to be explored.

Reporting credit: Sarah Kennedy/ChavoBart Digital Media.

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