12 Jul
2021

FTN Cocoa Processing Limited (FTNCOC.ng) 2019 Annual Report

first_imgFTN Cocoa Processing Limited (FTNCOC.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2019 annual report.For more information about FTN Cocoa Processing Limited (FTNCOC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the FTN Cocoa Processing Limited (FTNCOC.ng) company page on AfricanFinancials.Document: FTN Cocoa Processing Limited (FTNCOC.ng)  2019 annual report.Company ProfileFTN Cocoa processors Plc was formerly registered as Fantastic Traders Nigeria Limited, a Limited Liability Company Which was incorporated in 1991. The company commenced cocoa processing business with third party arrangement (Toll Processing) with Stanmark cocoa processing company limited in 1995 for conversion of cocoa beans into cocoa butter and cocoa cake/powder. The company later extended its third party processing activities to Ile-Oluji, Cocoa Cooperative, Cocoa Akure and Cocoa products , Ede Osun State. Within a period of 13 years it had established strong relations with overseas cocoa product buyers all over the world. We went ahead to solidify our relationship with many local users such as Nestle Nigeria Plc and Promasidor Nigeria Limited; makers of Cowbell Milk and Cocoa products. FTN Cocoa Processing Limited is listed on the Nigerian Stock Exchangelast_img read more

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12 Jul
2021

MTN Ghana (MTN.gh) 2018 Annual Report

first_imgMTN Ghana (MTN.gh) listed on the Ghana Stock Exchange under the Technology sector has released it’s 2018 annual report.For more information about MTN Ghana (MTN.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the MTN Ghana (MTN.gh) company page on AfricanFinancials.Document: MTN Ghana (MTN.gh)  2018 annual report.<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>Company ProfileMTN Ghana is the leading provider of mobile telecommunications services in Ghana. The Company has over 17.83 million subscribers with a market share of approximately 55.09% as at December 2017. MTN Ghana, in line with its vision and mission, continues to lead the delivery of a bold new Digital World to customers and to make their lives a whole lot brighter. MTN Ghana is listed on the Ghana Stock Exchangelast_img read more

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5 Jul
2021

The Lloyds share price could cross 50p now, if this happens. And what I’d do next

first_imgSimply click below to discover how you can take advantage of this. Image source: Getty Images The Lloyds share price could cross 50p now, if this happens. And what I’d do next Manika Premsingh | Saturday, 12th December, 2020 | More on: LLOY There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! 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. Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has recommended HSBC Holdings, Lloyds Banking Group, and Standard Chartered. 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.center_img See all posts by Manika Premsingh Enter Your Email Address Our 6 ‘Best Buys Now’ Shares The tide is finally turning for FTSE 100 banking stocks like Lloyds Bank (LSE: LLOY). After what seemed like quite a wait to stock watchers like me, the Bank of England’s Prudential Regulation Authority (PRA) gave UK’s banks the go-ahead to re-start dividend payouts earlier this week. I think this could give a fillip to the Lloyds share price, though it hasn’t so far.The Lloyds share price sees fluctuationsIn fact, the bank’s share price has fluctuated a great deal through 2020. It dipped sharply earlier this year after it suspended dividends following the PRA’s advice. It started recovering last month as the broad stock market rally followed Covid-19 vaccine news. I last wrote about LLOY at the start of December, when it had risen 27% since the end of October.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…However, it has pulled back since. I think this is at least partly due to ongoing uncertainty about Brexit. Prime Minister Boris Johnson has most recently said that there’s a strong possibility that a trade deal with the EU won’t happen. The Brexit deadline is pencilled in for the end of 2020, and we are almost mid-way through December already with no deal in sight. Brexit impactThis can drag down the Lloyds share price more than anything else. Unlike its other FTSE 100 peers such as HSBC or Standard Chartered, LLOY gets much of its business from the UK. There could be short-term economic pains, at the very least, from a no-deal Brexit. These will be compounded by the damage already caused by the Covid-19 crisis. However, I’m still holding out hope for an amicable solution to the current UK-EU impasse. After all, just earlier this week, the mood was very different with high expectations of a deal. If after all the edge-of-the-seat Brexit action, a deal is signed, I think the stock markets will rally even more.And guess who’ll benefit from a FTSE 100 rally even more? The Lloyd share price of course. I expect that the share price will finally catch up to the dividend good news, which presently has a Brexit cloud over it.  What’s next for LLOY?I reckon it can cross at least 50p, the level it was at in the pre-pandemic time period. The next question of course is, will I buy LLOY if that happens? I’d like the situation to play out a little is my short answer. Even with a Brexit deal, there’s still much up in the year. First, a theoretical go-ahead for dividends is one thing, but when will the bank actually pay dividends? Next, LLOY’s leadership has recently undergone change. I want to see what changes (or not ) the new CEO, Charlie Nunn, brings when he joins next year.  Finally, I’d wait to see how the economy will recover in 2021 because that has a direct effect on LLOY’s performance. The takeawayRight now, however, the bank’s an interesting wait-and-watch stock. Not one to buy for me.  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. Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today…last_img read more

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5 Jul
2021

£1000 to invest? Here’s one FTSE 250 tech stock I’d consider

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. A long-term investmentWhen I’m looking to invest in the FTSE 250 or any other area of the market, I always think long term. That’s because it’s easy to become distracted by short-term fluctuations in the market, but I want to invest in companies that are going to be around far into the future.Therefore, if I think about businesses that are offering a service and have a reason to be here for the long term, then I think it makes for a more appealing investment. I feel Spirent Communications ticks this box. My primary concern is that it may not have enough of the competitive edge that I’d like. I’ll have to keep an eye on that. But I do expect it to go the distance. And I’d be happy to invest £1,000 to buy shares in this FTSE 250 business today. 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. £1000 to invest? Here’s one FTSE 250 tech stock I’d consider 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. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Kirsteen 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. 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. If I was to invest £1,000 in the UK stock market, I’d consider some of the promising stocks of the FTSE 250. One such company that’s recently caught my eye is Spirent Communications (LSE:SPT). This is a business involved in the UK’s much anticipated 5G rollout. The tech is getting set to rapidly advance the world as we know it, into (we hope) a technologically superior future. Spirent is an engineering company rolling out the infrastructure necessary for this revolution. I’m quite intrigued by the potential of 5G and the growth opportunities it presents.Why invest in this FTSE 250 stock?Spirent Communications was founded way back in 1936. As well as 5G, it’s also involved in cybersecurity. This is an increasingly vital cog in all businesses with an online presence. It provides cloud based automation and testing solutions for a variety of needs. It also creates simulators that allow reliable testing in the performance of autonomous vehicles.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…These are disruptive areas of technology that are building momentum in our changing world. 5G is particularly exciting because its instantaneously high speeds could be game-changing for so many aspects of industry. For instance, 5G connections are super-fast and reliable. This should allow for seamless multi-person video calls, autonomous driving, augmented and virtual reality solutions. Plus, it should greatly enhance those artificial intelligence programs that need to operate in real-time.Risk vs rewardThere’s considerable competition in the 5G infrastructure sector. You see, BT, Virgin Media and Vodafone are all vying for similar contracts. It also comes with high costs and immense responsibility. Managing the data transfer of vital and often sensitive communications is a serious business.Until October last year, Spirent Communications’ share price had been on an upward trajectory for the best part of half a decade. And up to today, its price has risen 216% over five years. It now has a £1.4bn market cap. And it has a forward price-to-earnings ratio (P/E) of 22, with earnings per share of 9p and a 1% dividend yield. Its full-year revenue grew 4% for 2020.It seems the recent pullback in its share price may be due to a slowdown in revenues caused by the ongoing pandemic. Enter Your Email Address Kirsteen Mackay | Wednesday, 24th February, 2021 | More on: SPT See all posts by Kirsteen Mackaylast_img read more

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17 Jun
2021

10 Ossmann Street / Wasserfall Munting Architects

first_img 10 Ossmann Street / Wasserfall Munting Architects 2013 Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/442938/10-ossmann-street-wasserfall-munting-architects Clipboard “COPY” Photographs ArchDaily “COPY” Namibia CopyHouses, Refurbishment•Windhoek, Namibia 10 Ossmann Street / Wasserfall Munting ArchitectsSave this projectSave10 Ossmann Street / Wasserfall Munting Architectscenter_img Architects: Wasserfall Munting Architects Year Completion year of this architecture project 2013 Year:  Save this picture!© Studio One & Markus Weiss+ 25 Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/442938/10-ossmann-street-wasserfall-munting-architects Clipboard photographs:  Studio One & Markus WeissPhotographs:  Studio One & Markus WeissStructural Engineer:Sigi TeetzContractor:Madawa InvestmentElectrical Subcontractor:All Technology NamibiaProject Architect:Jaco WasserfallCity:WindhoekCountry:NamibiaMore SpecsLess SpecsSave this picture!© Studio One & Markus WeissText description provided by the architects. The refurbishment of a 1950’s residence in the verdant suburb of Klein Windhoek offered an opportunity to explore the intimate spaces required for living against a fixed plan template of the existing, while simultaneously re-establishing connections to the site, broader landscapes and contexts.Save this picture!© Studio One & Markus WeissCompleted in April 2013, the house is reinterpreted as a pavilion set on a steep embankment within a tranquil oasis of indigenous acacia trees. Designed for near-empty nesters, the key challenge was to create flexible space for living and relaxation – breathable space with ready access to the outdoors – packaged as a low-maintenance lock-up-and-go but with a couple of extra bedrooms for come-and-go adult children. Save this picture!© Studio One & Markus WeissProminent features of the site include a rocky ‘koppie’ that separates the house from the neighbouring residence and a pronounced fall towards the north. Located on the highest portion of the site, the house enjoys north orientation and beautiful views across the Klein Windhoek valley. Save this picture!© Studio One & Markus WeissIn a neighbourhood of a somewhat non-descript character, the next-door Munting residence provided salient architectural clues, particularly insofar as the choice of a limited palette of materials and finishes was concerned: clay bricks, off-shutter and exposed aggregate concrete, mica stone and rusted steel. In contrast to the robust exterior, the interior of the building is enveloped by the warmness of its plywood linings, partitioning and built-in cupboards.Save this picture!© Studio One & Markus WeissThe intervention brings a sense of programmatic clarity and simplicity to a compromised layout, and attempts to create simple, robust spaces to live in. The double-volume living area with its butterfly roof and clerestory windows to the south is the heart of the house: oversized glazed sliding doors afford a seamless connection to a large terraced patio overlooking the garden and affording panoramic views of the distant mountains. Incorporated into the living space, the corridor leading to the bedrooms is shielded with a timber screen. The kitchen too has windows framing the trees in the garden outside. Save this picture!© Studio One & Markus WeissPassive design principles employed include a ventilated steel-clad façade, solar water heating and appropriate shading devices. All stone used is from the site, precast concrete fence panels were reused as stepping-stones across the lawn, the front door is a salvaged prison gate, and the clay brick used is from a rehabilitation project where clay is extracted from old mine slime dams. Framed steel mesh panels are used for security and fencing purposes.Save this picture!© Studio One & Markus WeissThe sensitivity in which the house imposes on the site is enhanced by the beautifully crafted mica stonewalls that link natural and man-made. Passage of time – rusty red walls and established natural vegetation – will allow the house further to settle within its surrounding landscape. Save this picture!ElevationProject gallerySee allShow lessMuseu Brasileiro de Escultura (MuBE) / Paulo Mendes da RochaArticlesNew Tel Aviv High-Rise By Richard Meier Nears CompletionArchitecture News Share Year:  Houses CopyAbout this officeWasserfall Munting ArchitectsOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentWindhoekHousesNamibiaPublished on October 31, 2013Cite: “10 Ossmann Street / Wasserfall Munting Architects” 31 Oct 2013. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MGlass Finish – FASARA™ GeometricShower ColumnshansgroheShoulder ShowersPanels / Prefabricated AssembliesMorin Corp.Metal Wall Systems – ExposedStonesCosentinoSurfaces – Dekton® Stonika SeriesConcrete FloorsSikaIndustrial Floor CoatingsHanging LampsLouis PoulsenPendant Lights – KeglenDoorsSky-FrameInsulated Sliding Doors – Sky-Frame SlopeThermalSchöckMinimizing Thermal Bridges in BalconiesWindowspanoramah!®ah! Ultra MinimalistEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWork ChairsDynamobelWork Chair – SLAT 16More products »Read commentsSave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

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15 Jun
2021

Venezuela, the shadow agenda / Venezuela, la oscura causa

first_imgIn the August 2017 documentary, “Venezuela, the Shadow Agenda,” director Hernando Calvo Ospina challenges prevailing corporate media storylines attacking Bolivarian Venezuela and Nicolás Maduro, its president.Oil is the root and prized goal of the U.S. effort to destabilize Venezuela today. So says Calvo Ospina through interviews with historians, economists, journalists and an oil expert.How much oil? U.S. Geological Survey says Venezuela has 28 percent of the world’s recoverable oil reserves. According to Carlos Mendoza, Venezuelan oil expert, only 4 percent of the reserves have been developed. Venezuelan oil fields established as long ago as 1913 are still producing half a million barrels of oil per day. Other fields have produced since 1925, 1930 and 1956.The late President Hugo Chávez Frias and his successor Nicolás Maduro Moro are not the first Venezuelan leaders to attempt to use Venezuelan resources for national development. In 1904 President Cipriano Castro expropriated the New York & Bermudez Company, which had been exporting Venezuelan asphalt since 1885 without any significant payment to the country. This president was deposed, with the support of the U.S. Navy, as were numerous later presidents who challenged the imperialists or the Venezuelan oligarchy.This history is key to understanding the current so-called “humanitarian” crisis in Venezuela, manufactured by Washington.The addition of that seemingly minor word lays the basis for military intervention by the U.S. The intervention could be direct. Or it could be through the U.S. regional surrogate regime in Colombia, Venezuela’s neighbor and home to seven U.S. bases.The collusion of the capitalist corporate media in manufacturing the lie has been denounced by the president of Telesur, who points out U.S. reporters are assigned to cover lines outside stores and shortages, not the people’s power growing in the country.Like the lies about weapons of mass destruction that preceded the disastrous U.S. invasion of Iraq, the false, calculated images of instability and shortages become an excuse for political and military intervention or for potential secession of the oil-rich Maracaibo region.Latin America and the Caribbean are pushing back against imperialism’s offensive to overturn popular advances in what the U.S. considers its “backyard” — Bolivarian Venezuela, Bolivia, Ecuador and Cuba. Also targeted are the Community of Latin American and Caribbean States as a Zone of Peace,  the People’s Trade Treaty of the Bolivarian Alliance for the People of Our America, and Petro Caribe.These initiatives and experiments in cooperative development and trade have inspired hope around the world by spreading literacy, health care and the uplift of the disenfranchised, Indigenous, African descendants, women, LGBTQ (GBTQi) and gender nonconforming people.Paul Gillman, a rock musician, explained that the Venezuelan rulers hated Chávez because he was Black, without a degree and not part of the bourgeoisie: “He made visible the invisible people, that 80 percent who were poor, the 40 percent who lived in extreme poverty. Chavez gave voice, vote and power to the people.”Has the mutlifaceted media campaign against Venezuela made you wonder what is going on there? The documentary, “Venezuela, the Shadow Agenda,” exposes imperialist machinations and arms us with facts and history to defend President Maduro and Venezuela. USA/CIA, hands off Venezuela!“Venezuela, the Shadow Agenda” (“Venezuela, la oscura causa”), 38 min., Spanish with English subtitles: youtu.be/acZjQ1t9MXg.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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14 Jun
2021

Obama to Announce Climate Change Action

first_img Facebook Twitter By Andy Eubank – Jun 24, 2013 Obama to Announce Climate Change Action SHARE Previous articlePurdue Ag Economists say Second Farm Bill Extension seems LikelyNext articleChallenges and New Directions for ISDA Andy Eubank SHARE Tuesday President Obama will outline his plan to use executive powers to address climate change, including his intention to limit greenhouse gas emissions from existing power plants. Obama is expected to detail a government-wide plan to reduce the nation’s carbon output and prepare the U.S. for the near-term impacts of global warming. Measures for this would include programs to enhance the resilience of coastal communities and USDA climate adaptation hubs to help farmers cope with changes in temperature and precipitation. Former Clinton Climate Adviser Paul Bledsoe says taken together – these actions indicate an entirely new sense of urgency in addressing the threat climate change is posing to the U.S. economy and security.Obama says climate change is a serious challenge – but it’s uniquely suited to America’s strengths. He says scientists will need to design new fuels and farmers to grow them – and engineers will need to devise new energy sources and business to produce and sell them. However – the move to impose greenhouse gas limits on existing plants will raise consumer electricity prices in the short term.Source: NAFB News Service Home Energy Obama to Announce Climate Change Action Facebook Twitterlast_img read more

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13 Jun
2021

Oklahoma State leads TCU in defensive first half, 10-6

first_imgBoschini: ‘None of the talk matters because Jamie Dixon is staying’ ReddIt Garrett Podellhttps://www.tcu360.com/author/garrett-podell/ Boschini talks: construction, parking, tuition, enrollment, DEI, a student trustee Twitter Another series win lands TCU Baseball in the top 5, earns Sikes conference award Garrett Podell + posts printTCU and Oklahoma State rekindled their rivalry Saturday afternoon in Fort Worth. Oklahoma State holds a 14-10-2 edge in the all-time series with TCU. The Horned Frogs are 6-4-2 against OSU in Fort Worth.Here are five things to know about the first half between the Horned Frogs and Cowboys.1. Oklahoma State is keeping Kyle Hicks in checkA game after TCU running back Kyle Hicks rushed for a career-high 192 yards and five touchdowns, the Cowboys have made it clear that they would rather any other Horned Frog do the heavy lifting for the TCU offense. Hicks had 12 carries for 17 yards. It appears that Kenny Hill with have to find a way to put up points with his arm for TCU to come away with the upset victory.2.TCU defense limits Oklahoma State’s high-octane passing gameOSU quarterback Mason Rudolph had the fifth-most passing yards in the nation with 3384 passing yards to go along with 24 touchdown passes heading into Saturday’s game, but against TCU Rudolph has just 84 passing yards. One reason for TCU’s successful pass defense is that they’ve been able to generate pressure. TCU has sacked Rudolph twice and forced a number of hurried throws. If TCU can sustain this level of play defensively, it will be in prime position to shock the No.11 Cowboys.3. KaVontae Turpin has a rollercoaster performance KaVontae Turpin had a very inconsistent first half Saturday. As a wide receiver, he caught the game’s first touchdown on a shovel pass from Kenny Hill. As a punt returner, it was a whole lot of ugly. On his first punt return, Turpin fielded a punt at the nine that could’ve gone into the end zone for a touchback, but instead he reversed field and was tackled at the four yard line. His second punt return was even worse. He fumbled that punt return, but he did recover it. Turpin Time hasn’t struck yet on special teams, but it very well could in the second half.4. The Cowboys ground game picks up the slackDespite the Cowboys’ lackluster aerial attack, the Cowboys running backs have found some cracks in the TCU run defense. Running back Justice Hill had eight carries for 69 yards and running back Chis Carson had eight carries for 49 yards. It’ll be interesting to see if OSU’s ground game continues to make its mark in the second half.5. TCU outsmarts itself on fourth and goalOn TCU’s last offensive play of the first half, it had fourth and goal from the one yard line. Instead of running out a traditional offense, TCU opted for a wildcat attack with running back Kyle Hicks taking the snap and Kenny Hill on the sidelines. Hicks faked a handoff and threw an incomplete pass to tight end Cole Hunt that ended the Horned Frogs’ drive without any points scored. TCU head coach Gary Patterson’s decision to go with that play may come back to haunt the Frogs later in the game.TCU will receive the second half kickoff. Previous articleFort Worth girl searches for a bone marrow donorNext articleTCU falls to No.11 Oklahoma State, 31-6 Garrett Podell RELATED ARTICLESMORE FROM AUTHOR Garrett is a Journalism and Sports Broadcasting double major. He is the Managing Editor for TCU360, and his passions are God, family, friends, sports, and great food. Garrett Podellhttps://www.tcu360.com/author/garrett-podell/ TCU rowing program strengthens after facing COVID-19 setbacks Facebookcenter_img Garrett Podellhttps://www.tcu360.com/author/garrett-podell/ Linkedin Listen: The Podell and Pickell Show with L.J. Collier TAGSmidgame ReddIt TCU linebacker Ty Summers calls out the defensive signals against Oklahoma State. (Photo Courtesy of Sam Bruton/TCU photographer). Facebook Twitter Linkedin Men’s basketball scores season-low in NIT semifinals loss to Texas Garrett Podellhttps://www.tcu360.com/author/garrett-podell/ TCU baseball finds their biggest fan just by saying hellolast_img read more

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12 Jun
2021

Lúcio Flávio Pinto

first_img Angel Santiesteban-Prats Cuba Find out more For more than 25 years, Lúcio Flávio Pinto has been the one-man editorial team of Jornal Pessoal (Personal Newspaper), a fearless, ad-less 12-page bimonthly that he writes and distributes on the streets of Belém, in the northern state of Pará. Trained as a sociologist and stubborn journalist by conviction, he stormed out of the daily O Liberal in 1987 when it refused to print his investigative piece on the implication of two businessmen in a parliamentarian’s murder. After exposing O Liberal’s murky finances in 2005, he was beaten up by the owner’s son and then the courts prevented him from following their trial on tax evasion charges. But death threats and more than 30 lawsuits have not stopped him from continuing to write about drug trafficking, deforestation and corruption. AmericasBrazil See more Verónica Basurto Mexico Find out more AmericasBrazil Receive email alerts María Pía Matta Chile Find out morecenter_img to go further Help by sharing this information Mireya Manquepillán Huanquil Chile Find out more Information hero Lúcio Flávio Pinto Ileana Alamilla Guatemala Find out more Follow the news on Brazillast_img read more

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18 May
2021

It’s work, Jim, but not as we know it

first_img Previous Article Next Article With the pressure to succeed and a thriving ‘presenteeism’ culture, it’s no wonder mental health problems are linked to overwork. But experts predict a nightmare ahead for HR as the balance of power shifts in employees’ favourIchiro Oshima was only 24 years old when he committed suicide. He had been working for Dentsu, the biggest advertising agency in Japan – and the world – for just 16 months. But he was working so hard, his family told the Japanese Supreme Court, that he had not taken one day off in that period and that, on average, he was sleeping between 30 minutes and two hours a night. By the time he killed himself, he was setting three separate alarm clocks to make sure he would wake up for work.Oshima’s story is not that unusual in Japan – roughly three bereaved families a month start some form of legal action against employers they say are working staff to death. The phenomenon is so famous that a best-selling book was published on the subject called Shinu-hodo Taisestsuna Shigoto-tte Nan des ka (For What Did You Work To Death?)As the Japanese have always seemed to us Westerners to take work a little too seriously, such a trend might be tragic but probably comes as no surprise. However, this is no longer just a Japanese affliction – the Americans now work 77 hours a week, more than the Japanese. And even in the UK, the TUC estimates that two million of us regularly work on our days off. The Law Society noted in a recent report that one law firm actually encouraged staff to sleep on the premises so they didn’t waste time going home.The pressure on everyone, but especially knowledge-based workers such as the unfortunate Oshima, to work and to be seen to work – what the TUC’s senior employment rights officer Sarah Veale calls “presenteeism” – is only one symptom of a system which, in “soft” human terms, does not always seem to be working. It’s not often a case of unscrupulous employers, but it only takes one person who is quite ambitious to decide they’re going to be first in and first out and that sets the norm,” Veale says. “And bad managers use that as a substitute for properly monitoring performance. What they should be doing is asking why that person has to be there at all hours.”American social critic Jeremy Rifkind, researching his book The End Of Work, found that US parents spent 10 hours less a week with their children in 1986 than in 1960. While there is, as yet, insufficient evidence to suggest a link between modern employment patterns and the growth in mental illness, the World Health Organisation estimates that half a billion people suffer from some form of mental illness and in the US, where these pressures have been felt for the longest, depression is expected to be the second largest cause of death and lost productivity after heart disease by 2020.Flexible working, shorter hours, work-life balance – these are no longer the sole concerns of trade unionists. Homeworking is a reality for 20,000 BT staff, while flexible working is standard at companies such as Dixon’s Internet arm Freeserve, although few companies go quite as far as the Belgian printing company which lets its staff work two 12-hour shifts a week at weekends.Bettina von Stamm, who runs the Innovations Exchange at the London Business School, says, “As the war for talent gets even hotter, one weapon companies will use to persuade people to work for them is the ability not to work when they feel like it.”At home at workAt the same time, some US psychologists have noted that some of their patients don’t want to go home. “They start talking about their company as ‘we’ as if it was a partner,” says Melanie Morris, of Morris Associates in Los Angeles. “I just didn’t get it initially, thinking work couldn’t be this important to them. But I realised many of them felt more at home at work where they felt challenged and appreciated. And it becomes a vicious cycle – they feel good at work so they invest more time in it and so they enjoy home less because when they do return they feel guilty.”Some US social psychologists are already talking about work as it if is some new form of religious cult. Ironically, this irrational attachment to the workplace has only been strengthened by the efforts of some well-meaning US employers to change their workplaces to incorporate shopping malls, day care centres and gymnasiums. Veale believes other companies will go the other way. “Smart employers will lock their offices at weekends or make sure the lights can’t be switched on so that people cannot come back to work even if they want to.”At the same time, for those who aren’t psychologically dependent on the company in its physical form, the Third Industrial Revolution – as the Internet revolution is now, rather pompously, billed – could provide an opportunity to change their lives for the better in ways they would previously have thought possible only through a win on the Lottery. Depending on which prophet you listen to, the Internet could enrich millions, impoverish other millions and change the balance of power between employer and employee. Instead of companies saying why you should work for us, candidates will be saying to them, “Come on, convince me, why I should work for you?”Industrial Society director Will Hutton shares some of von Stamm’s optimism. He believes the Internet and especially the network “mean that if you’re any good at what you do, you will be able to decide who you work for, how you work for them and when you work for them”. He adds, “You may not even have careers in the sense that we understand it; you’ll have episodes where you’ll work for different companies, often at the same time. How the media runs today, with porous organisations and freelance contractors, will be how many people work in the future.”With every trend there is a counter-trend and while technology may enable millions to telecommute, it may also make millions of others redundant. Indeed, Hutton says that at first that is precisely what will happen. “There’s no doubt that the networking revolution will, at first, add another layer of inequality to the layers which are already there.” Bear in mind that according to the Industrial Society’s report on free workers, the pay gap between rich and poor in the UK had already widened by the end of the 1970s to its widest since the early 1800s. In the US, where more than half the nation will soon be on-line, a survey found that 12 per cent of workers fear their job will become technologically redundant.Perhaps still more depressing, this fear is based mainly on an apprehension of what might happen with the Internet and computers. The media and the general public seem to have forgotten the other great automating force, robots, probably because they have so far failed to live up to the hype, along with videoconferencing and voice recognition. Over the next decade, however, Michio Kaku, professor of theoretical physics at the City College of New York, says, “Clumsy robots will be able to navigate in schools, homes, hospitals and factories, and by 2010 these robots will start to be replaced by machines that learn from their mistakes.”There’s nothing wrong in robots doing repetitive, menial, tasks. After all, those who work on assembly lines are often quoted as saying, “Sometimes I felt just like a robot…. We do 32 jobs per car, 48 units an hour, eight hours a day so 32x48x8, that’s how many times I push that button.” So by all means use industrial robots to replace humans behaving like robots but, as Kaku, says, “Is the computer going to create enough wealth to go round?”The evidence from the US, where productivity is currently growing at twice its historical average of 2 to 3 per cent a year – and quicker than at any time since the 1960s – suggests the answer may, eventually, be yes. Hutton is cautiously optimistic, saying, “After that initial increase in inequality, there will be a catch-up. IT will create jobs in manufacturing with the production of laptops and mobile phones, and new jobs will emerge. Who would have predicted 10 years ago, for example, that 2 per cent of the British workforce would be working in call centres?”This may be unsettling for many who have come to regard the post-Industrial Revolution society as the norm. Even the normally e-friendly Guardian greeted the rise of call centres with the rather grim headline, “We used to make ships, now we make calls”. Still, with the number of call centres growing by 10 per cent a year, those getting jobs in them probably don’t share the Guardian’s sense of pathos.But Hutton adds one caveat: whatever jobs are created may well be even more insecure than jobs are now. “It will be an immediate thing. Suppliers will bid for contracts over the Internet. It will be boom! You’ve got the contract, so do the business. Or bust! You haven’t got it so you won’t get that job after all. Can we react that fast and can we cope with that kind of uncertainty? And are the systems in place, can we make childcare arrangements, or whatever we need to do, to do the work? Uncertain life”It’s going to be a much more uncertain life, and we’re all going to be taking out insurance against redundancy, hardship or putting more into our pensions. And partly because of all this, but also the demographics, we’ll probably also be working longer, into our 70s.”He adds, “And that, I think, is where the Government is giving out all the wrong signals. We are entering an age where society needs more social insurance, not less, to hold it together.” Indeed, full employment – another government goal – no longer looks like the unquestionable good it once did. We already have virtual full employment in some parts of the South East, but surveys also show that British workers claim to be the most miserable in any of the top industrialised nations.In corporate America, cynicism about work has fuelled demand for books like the Dilbert series. Management guru Tom Peters, author of such books as In Search Of Excellence, has recognised the threat and declared metaphorical war on Dilbert with his “Work matters!” campaign.The era of change that society is about to enter is so immense and so unpredictable that it takes all of the journalistic evangelism of can-do business magazines such as Fortune and Fast Company to sell this as the revolution we’ve all been waiting for. And few pundits have even begun to factor in what happens when companies try to integrate cynical, Generation X kids whose attitude to work has been coloured by what they see as their parents’ workaholism.”If you look at the whole of human history, work as we know it today – going to offices and factories from nine to five – is not the norm at all, it’s a blip.” says James Burke, the science broadcaster. “We’ve spent far longer farming in small villages than we have in dark, satanic mills. It may be that we will go back to that kind of small community life, where the people we socialise with are those in our immediate surroundings, rather than those who just share an office with us.”Predictions forgottenThe wonderful thing about predicting the future is that by the time it becomes the present, everyone has forgotten the predictions you made in the dim and distant past. Here we are in the year 2000 working – or feeling as if we’re working – harder than ever before, when, according to George Bernard Shaw, we should have been putting in only two hours a day at the office as far back as 1980.But if we fast-forward 50 years, how different will work really be? Some changes will be tactical, others strategic. The much predicted shift to homeworking and telecommuting will finally happen and is, indeed, already happening faster than many people realise. Len Tondel, chairman of the Home Business Alliance, says, “One in seven British workers already work from home. That is not as many as some of the stupid forecasts people made, but it does mark the biggest shift in industrial society since the 1750s.”Another small, tactical, change will be the universal adoption of on-line recruiting. IT giant Cisco already hires 62 per cent of its staff over the Net and has cut the time taken to fill a job from 113 days to 45. But other possible changes will be much bigger and the contrasts will be acute and possibly dangerous.In the knowledge-based industries, the skills shortage may become so acute that further restrictions on the import of foreign labour – the US and UK have relaxed rules for IT-related skills and Germany, which is 150,000 software engineers short, may do the same – become inevitable. Globalisation of the labour market is slowly becoming a reality. For example, although IBM is one of America’s most famous businesses, soon more than half of its staff will be employed outside the US.There may also be a massive boom in cross-border telecommuting and, as Microsoft is already showing in India, investment by multinationals to bring their workplaces closer to an available (and in this case lower cost) workforce.At the same time, there will be massive migratory pressure from the old Communist states. “Although I think those who predict the rise of workers who have no allegiance to a particular country are forgetting all we know of human nature,” says von Stamm, “I can see a situation where people are so desperate that they’ll do anything to move.”The most shocking evidence of that desperation came to light when almost 60 Chinese illegal immigrants were found dead in a container lorry in Dover earlier this summer. Nomadology is now a pseudo-science and there are those academics, including the famous orientalist Professor Edward Said, who say nomads will influence society much more than, say, settled homeowners. And with computer scientist Jaron Lanier predicting that “you’re going to have to live while a billion people starve” this suggests that the desperation will only grow.Such acute and painful contrasts will be reflected even in advanced economies where there will be jobs you’ve probably never even heard of. Here’s a tip from the US Department of Labor: there’ll be a big demand for “bus aides” in the next decade. (To find out what bus aides are you’ll have to read part two of this series on the future of work.) Different experienceAnd for those who have jobs, work may be a completely different experience. Von Stamm says, “Work may actually be something you do at home on your computer whereas you’ll go to work or the office, to belong to a kind of social club, to chat things over with your colleagues.” You may not be working nine to five either, which could be good, but could also be bad. “The lines between work and private lives will continue to blur,” says Hutton. While optimists always say that, hey, in the 24/7 world you can work the hours that suit you, your ability to go windsurfing on a whim may be diminished by the knowledge that through the magic of IT your employer may know where you are at all times.The idea of indulging a windsurfing whim may seem like just another example of the deep craziness which permeates the new economy, but as Andy Law, chairman and co-founder of ad agency St Lukes, says in the Harvard Business Review, “Most dotcoms are unhappy places to work. They’re so old-fashioned, they’re set up along the model that was established by Henry Ford.”But how many of the world’s human resources will be working for companies? Gerhard Schulmeyer, chief executive officer of Siemens Nixdorf, famously remarked, “The corporation exists because it is a place where the individual can do what they’re good at, at a lower cost than he could do it alone.” That logic certainly applies to steel mills but Internet start-ups can be founded on a few credit cards.Managers are already scrabbling to find the new, new thing which will make companies attractive. To Tom Peters, it’s the “wow!” of being challenged on exciting new projects; to companies in Silicon Valley it’s because every employee gets a BMW. But three other factors have been identified – the company is (or should be) an intellectual meeting place as von Stamm suggested; a guarantee that the people you work with are good (after all, in an information economy full of road warriors, have you got the time to make a shrewd judgement?) and because the company insures employees against the ups and downs of this brave new world.The fashionable theory at this nanosecond in time is to treat employers as investors, only instead of investing money with your company, they are, as disgruntled employees will often say, “giving you the best years” of their lives. So Charles Handy, who helped found the London Business School, predicts that employees will be more important than ever. “With outsourcing, companies are stripping back to the core, so those who are left will usually be competent and they won’t want someone else deciding their destiny.”There are two things almost everybody agrees on. First, that even if the word “job” – which is, in its current sense, a mere 300 years old – becomes obsolete, work will still be the way most of us define ourselves. “Unless something drastic happens to human nature, that will always be the first question we’re asked at a party,” says Veale.Second, that some people, the smart and the lucky who have the right skill sets, will be the most prized asset in corporate life. They’ll start to be the recipients of the kind of golden hellos previously reserved for fat cats in the City and at recently privatised utilities. Yes, that old cliché that “people are our most important asset” will finally come true. But not for everybody.For HR managers, the future sounds remarkably like a nightmare. If they’re not outsourced, they’ll be helping companies fight harder for a smaller pool of valued staff, working at companies that recruit faster (and usually on-line), having to devise and monitor a bewildering complexity of flexible working arrangements, short-term contracts and perks and benefits. But at least they won’t be replaced by a robot. Not, according to Kaku, until at least 2056, anyway. The jargonBrain lordsRight-wing American term to describe Internet billionaires such as Bill Gates who will have information and wealth at their fingertips in the information economy of the 21st century. Below them, according to a theory devised by an influential Republican think-tank, will be wealthy cyber yuppies, menial workers (or cyber serfs) and, finally, the Lost People who cannot afford to join the IT revolution.CybershipTerm for those who see themselves as citizens of an e-community rather than a geographical or national community. For example, wired-up farmers in Gloucestershire may have more in common with their counterparts in Tennessee than with car workers only a few miles down the road in Swindon.E-immigrantsInternet-friendly term for cross-border telecommuters who are starting to infiltrate IT and engineering. For example, a San Francisco-based on-line service company expects to employ about 10,000 support staff in India by 2003. As far as the customer is concerned, though, that service is supplied locally. Increasingly, telecommuters will become free agents working for several companies in several countries at the same time.EmpowermentPopular management term which now just seems so 20th century. Andy Law, chairman and co-founder of ad agency St Lukes, says, “It implies that someone has to empower someone else. So empowerment reinforces the very hierarchy it is supposed to replace.” Delete empowerment from your managerial vocabulary and use “ownership” instead.Free workersl Industrial Society term for a type of worker who thinks loyalty is for wimps and, having learnt from the white-collar redundancies of the 80s/90s, sees employers as contractors.Karo-jisatsuJapanese term meaning “suicide from overwork”. Since a test case earlier this year, workers’ families have been able to sue employers through the courts if they have put pressure on employees to overwork instead of hiring new staff to soak up the extra load.Marginless livesLives, often where both parents are working, where there is no margin for error or accident where any delay can lead to some degree of catastrophe.RoadkillTerm for those jobs which are set to disappear on the information superhighway. Current favourites: estate agents, Hollywood stuntmen and women (most stunts will be created on computers) and stockbrokers. You can normally find a reason to argue that the superhighway will destroy or damage any occupation or profession you dislike.Time sovereigntyThe new spin on work-life balance is an attempt to get away from the image of people juggling the separate lives of work and home. The issue for employees, particularly those in knowledge-based industries, is “Are you in control of your time?”. There are 750 time management books on Amazon if you’re not. (Time management tip: You don’t have the time to waste reading time management books). Related posts:No related photos. Comments are closed. It’s work, Jim, but not as we know itOn 21 Nov 2000 in Personnel Todaylast_img read more

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