470 total views, 2 views today “It is very reassuring to have the support of allpay, such a valuable employer in the county, and a leader in its field. Any resident of Herefordshire who has been flooded can apply for the initial emergency grant.”Applications can be made by completing the form at www.herefordshirecf.org or telephoning 01432 272550. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Finance grants The Storm Dennis Flood Appeal fund launched by The Herefordshire Community Foundation has now received donations of over £30,000, with e-money issuer allpay limited, also based in Hereford, to provide a pre-paid payment card to any household whose property in Herefordshire has been affected.The Herefordshire Community Foundation set up the appeal in conjunction with local newspaper The Hereford Times, following the devastating floods affecting much of the region.E-money issuer allpay Limited, also based in Hereford, has provided Herefordshire Community Foundation with prepaid payment cards. Following an application process, these cards will be issued to anyone whose property in Herefordshire has been affected by the floods. The payment card will be loaded with a one-off amount which will hopefully alleviate some of the immediate impact of the flooding. allpay has waived all fees for the creation of the prepaid cards and its head office staff and own internal charity committee have also made donations to the fund.allpay has waived all fees for the creation of the prepaid cards and its head office staff and own internal charity commission have also made donations to the fund.Tony Killeen, owner and Managing Director, allpay said:“As a company much of our work is in the social housing sector, so our staff are acutely aware of the challenges many people face when it comes to the very basics of having a safe place to live when things go wrong. With the floods affecting our whole community, we are pleased to be able to help in this small way by providing our prepaid card services to disburse much needed funds quickly and easily to those in need, but also to be able to contribute to the appeal itself.”Frank Myers MBE, Chairman of the Herefordshire Community Foundation said: Advertisement Melanie May | 25 February 2020 | News Prepaid cards distribute charity funds to Herefordshire flood victims 471 total views, 3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.
Despite all the soothing talk about the economy picking up, there can be no doubt that the gurus of Wall Street and their colleagues in government expect a rocky road ahead. The Eccles Building in Washington, D.C., the Federal Reserve Bank’s headquarters.That was the message conveyed when the Federal Reserve Bank announced on Sept. 17 that it had decided not to raise the interest rate, which has been at a historic low, barely above 0 percent. This means that it will continue to be super easy for corporations and banks to borrow money from the government. That in turn is supposed to stimulate the economy and create jobs. Or so they say. However, much of the money being borrowed today by the wealthy is not to increase production in any way that might “trickle down” into more jobs for the working class. They spend it in the billions on speculative items — art, real estate, luxury goods — all of which have risen in price to spectacular heights. A painting by Paul Gauguin was recently resold for $300 million. A penthouse in Monaco is currently on the market for $400 million. Such astronomical amounts being spent by the super-wealthy on their personal possessions are becoming the new norm.But even after spending such enormous sums, the super-rich are still awash in money. So why don’t they invest it in production?Capitalism at a dead endHere is where the total irrationality of the capitalist system comes in. In this high-tech age especially — when it is actually possible for all humankind to quickly leave behind the drudgery of the past and have machines do most of the work, with everyone enjoying a comfortable existence — the capitalist profit motive instead leads to shutdowns, mass layoffs and spreading poverty.Without saying “he told you so,” it is more relevant than ever to understand the workings of this particular economic system, which was unraveled 150 years ago by Karl Marx in his landmark book on capital. It was Marx who proved that the exploitation of human labor is what creates all the wealth enjoyed by the ruling class. Machines themselves can be made to do much of the work in place of people, but they do not add new “value.” Only human labor produces more value than it costs. However, machines do provide their owners with a competitive edge — until the new machines become widely used in a particular industry. Then the race is on to find even newer technology that can do the job with even fewer workers.Since the crash of 2008, the capitalist system worldwide has been in a quandary, and unemployment has remained high, even as new technology — particularly digital — has transformed work and communications. There is no going back to the old days. In recent years, some new plants have been opened in the U.S. with much fanfare. They have cost hundreds of millions, even billions of dollars, yet they rarely employ more than a few hundred workers. (See Fred Goldstein’s book, “Capitalism at a Dead End.) Tens of millions remain jobless, many not counted because they have given up looking for nonexistent jobs.The situation is even worse in most other developed capitalist countries, and is disastrous in much of the developing world.But in the long run, fewer workers actually working means less profits for the bosses. The whole system becomes a house of cards, propped up by countless shady deals, mergers and the narcotic of military production (paid for by the workers’ taxes). Even in the U.S., capitalism has become increasingly unpopular. Various politicians seeking to reform the system are popping up here and in many other countries. They are attracting support and promise to make things better. But a little bandaid on a gaping wound is not the answer to a system in deep crisis.Capitalism has to be replaced by an economic system based on social ownership of the means of production. That’s what socialism means: abolishing private ownership of the economy (not your personal property) and developing a plan for production to satisfy human needs. — which in these days very much means a plan to restore the earth to health while making sure everyone shares equitably in what is produced. It also means affirmative action to erase the vast injustices of colonialism, racism, sexism and the cruelties inflicted on people because of their sexual orientation. Whether interest rates go up or down, whether the system falls into another catastrophic crash of the financial markets or just continues to grind down the workers into ever deeper poverty, the movements for social justice must inevitably grow together into a revolutionary movement to end capitalism.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this