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50+ Shades of World Debt

The National Debt Clock on the corner of 43rd Street and Sixth Ave. in a 1992 file photo. On September 7, 2000 the clock will be shut off because the debt, after reaching a high of $5.78 trillion in 1999 started to decline to $5.68 trillion on September 1, 2000. The clock was started in 1989 by the late real estate developer Seymour Durst to raise public aeareness of the national debt. (© Frances M. Roberts) (Newscom TagID: lrphotos112516.jpg) [Photo via Newscom]

Imagine if one day your debt piled so high you owed more than three times your income. 

For an individual, it’s a nightmare scenario. Unimaginable. For countries, it’s simply how the economy works. Financial obligations are stacking higher each year, and global debt history shows us a worrying statistic — the world’s nations owe three times more money than they spend in a single year. 

Governments, households, and companies have contributed to the current debt of more than $243 trillion, and consumerism appears to be the driving force. We’re encouraged to spend more. And why not? Spending keeps money moving through the system, encouraging a healthy economy – and sometimes tax cuts and increased government spending are the only way to get a country out of recession. 

It’s impossible to look at global debt stats & facts, or a single country’s national debt, in complete isolation. Most often, it’s not a mark of how well a country is doing — after all, the world’s richest nations, the countries with the steadiest economies, are also the most indebted. 

There are many factors to examine if you want to understand the impact of global debt on the economy. That’s exactly why this infographic was made. It provides a clear-cut analysis of important global data, and it shows you the specifics of how much different countries of the world owe compared to their GDP. It’s simple, it’s straightforward, and it gives you everything you need to know. 

 

 

Nine Advantages of an Online Degree

Often, people take a job and then find they would prefer some other work but do not have the qualifications needed. They could have family commitments and need to work full time, yet going back to college to get the degree they need can seem out of reach. The world of education has changed a great deal in the past few years, and now there are not many colleges and universities that do not offer all of their courses online. There are advantages to studying for a degree online, and it could well be the way forward for you.

Fits in with Most Lifestyles

Regardless of your lifestyle, you will be able to fit an online degree around it. If you are at work during the day, you can study in the evenings. This means you can still earn your salary while improving your chances of a better career. It could even be that you want to advance in your current line of work but need a qualification to do so.

If you have young children to care for, you can work on your degree when they have gone to bed. Many moms who have been at home for several years find going back into employment a daunting prospect. The workplace has changed so much because of technology that it is nothing like the world of work they left. Earning a degree can make this a simpler process for them and help to make their new employment more meaningful.

Several Start Dates

Most online courses have several start dates throughout the year, so you are not restricted to the normal term times. This can be a huge advantage once you have made the decision to aim for a degree, as then you will not have to wait for months to get started. Not only are the start dates flexible, but so are the finish dates. You can take longer to complete an online course than you would studying at a traditional campus, and although there are still time restrictions, they tend to be much longer. In some cases, the time you have to complete the course is years longer than at a bricks and mortar college or university.

Huge Choice

There is a huge choice of degrees available online make sure that you choose the right program for your needs, and then start working on getting your certificate. You can also buy degree online with the help of Fastest Documents 24/7. Because you are studying remotely, you will not be restricted by the location of the college or university that offers the best options for the course you have decided on. For instance, if you want to pursue an online bba course or first aid training courses, or are looking for online degrees for a Master’s in Healthcare Administration, or maybe a Bachelor of Science in Criminal Justice, you will be able to find these and many others online.

Students from all over the world can now use the online services provided by US colleges and universities, and because the standard is considered to be so good, there are many international students taking advantage of this. Its makes so much sense for students whose countries do not offer the facilities needed for the course they want to complete.

Lower Fees

The fees for online courses are generally lower than the fees for a college course where you attend the physical building. This is because the costs to the college or university are lower, and they pass these savings onto the students studying online. Some of them offer financial deals just as they would for physical courses and also student loans are available for those that qualify. There are even some courses that are free of charge. You also have the advantage of not having to pay transport costs for the commute to campus.

Available to All

One of the distinct advantages of online courses is that they are available to everyone. Some people are put off going to college because of physical disabilities, or they are scared of being bullied and do not have enough confidence. All those barriers disappear with an online course. There are more disabled people in the US than is often realized and online courses have opened up a whole new world for some of them.

The Same Certification

When online courses were first introduced, there was some concern that their certifications would not be considered as good as degrees obtained at a physical college. Firstly, the certificate does not show how a degree has been obtained. Secondly, research has shown that many employers consider it a plus if a prospective candidate has earned their degree online. This is said to be because they realize that completing a degree online takes commitment and self-discipline and they hope that an employee will transfer those traits into the job they are considering employing them for.

Transfer Previous Credits

If you have earned some credits towards your degree at another college than the one you have chosen for your online course, most educational facilities will let you transfer them, which will enable you to finish the course sooner.

No Limits

There are no limits to the number of courses you can complete online, and many people are getting more qualifications than they would have been able to obtain without them.

Online Assistance

Many online courses have the chance to join virtual meetings with tutors and other students. This results in you getting the same support as you would if you went to college every day. You can ask questions about things you may be struggling with and discuss problems with other students too. You never have to feel that, because you are studying from home, that help is not available whenever you need it.

Do You Want to be Better Qualified?

If you want to gain more qualifications, before turning your life upside down and trying to fit a physical college or university into your life, look into the courses offered online. You may be surprised how simple it is to get started and pleased that your lifestyle does not have to change very much at all. The nine advantages shown above are the main ones, but they are not the only ones by any means.

Is an Accounting Degree Beneficial for Business or Employment?

In your career, it is likely that you will at some point be an employee but at another time assume the role of a business owner. Such is the nature of the modern working life, where flexibility is the key to both survivability and success over the decades.

This is why we are asking whether an accounting degree would be beneficial in either circumstance – business owner or employee? Let’s see.

 

Employee with an Accounting Degree

Accounting degrees have progressed over time to become more modern and reach beyond double-entry bookkeeping and financial accounts preparation. They now include other related topics such as information systems to enable people versed in financial matters to understand and deal with broader business issues.

For an employer, a new staff member who is well versed in strategic decision-making and organizational complexities of modern business is a definite boon. They can rely on their knowledge along with their understanding of how financials interconnect with other aspects of business that materially impact success or failure.

While an employee who studies an accounting degree from an educational establishment like the Walsh University may take the course online, they’re still able to work at the company in the interim. This benefits the employer as their staff member’s skills develop as they take the course. It’s also more likely that promotions will follow as their usefulness becomes more evident.

 

Business Owner with an Accounting Degree

As a business owner, many are struck by confusion over financial matters. Maybe they came from a sales-oriented position previously, so financial numbers weren’t in their wheelhouse. This creates a void that is difficult to navigate through when dealing with management accounts for projects and trying to understand what’s happening financially with their business.

In such circumstances, studying for an accounting degree makes good sense. The fact that modern degrees such as this now consider the global picture and the operational side, along with how it links to the balance sheet and cashflow statement, is a bonus.

 

Which Working Scenario is Better with Accounting?

It doesn’t necessarily have to be an either/or scenario when studying accounting. While it will certainly be beneficial from a career perspective, many founders launch business at a later stage, when they’re clearer about how they’d like their future to look. As such, learning about financial matters is not likely to be a regrettable decision as this kind of knowledge never goes to waste.

As a business owner, the more that’s understood about the numbers behind the business, the better. Whilst it’s possible to outsource the financials to an accounting company to prepare them, this can never replace a CEO who understands their lingo and the numbers on the page.

Whether you are working for a company or running one, having a solid appreciation of the financials is almost an act of self-preservation. It makes it easier to navigate choppy business waters and provides time to look at alternative employment scenarios should an employer look like they’re economically sinking.

 

Say Hello to Japan’s New Generation Workers

By Alecsandra Tubiera

The new generation – or mostly known as the millennial generation – is the current age of workers in Japan, innovating ideas and changing their workplaces’ atmospheres. In addition, there are now more foreigners and seniors in the Japanese workplace unlike before.

 

The millennial working group

Millennials leverage technology and collaborative digital tools to streamline and systemize their work.  Many millennials have watched their parents’ generation grow into managers, leaders and pioneers in their industries, and they want the same thing or a guide that lets them know that they can achieve this in their future career path.

Japanese millennials are now opting to apply and have a “job for life “over transferring companies and employers, potentially undermining the Bank of Japan’s efforts to stoke inflation and growth, according to a report from Bloomberg.1 These workers usually in their 20s to 30s, demonstrating a strong preference for job security and bucking the trend set by both their elders and members of their own working group overseas.

In the past decades, Japan’s employees are known to have endured overcrowded trains, submission to colleagues and salaries unrelated to performance. These days, Japanese companies are increasingly catering to the preferences of millennials.

Millennials account for about 21 percent of the current world population and is projected to make up 75 percent of the global workforce by 2025.2 

According to Disco Inc.’s survey, a Tokyo-based recruitment information company, a total of 43.1 percent of the 455 respondents said they were “already acting to change jobs” or “considering changing jobs.”3

Among those actively searching or considering a new job, the average satisfaction rate with their current employers dropped to 57.3 percent from 72.7 percent when they entered. Some have complained about long overtime hours, low salaries and insufficient in-house training.

The country’s employment system is based on hiring new graduates all at once in March, and even hold job recruitment expos for it. Prior to that, students also engage in job-hunting activities so that they can secure employment by the time they graduate.

According to a ManpowerGroup survey, 37 percent of Japanese millennials expect to work for the rest of their lives, making their retirement expectations one of the lowest in the world.4

As the Japanese economy has experienced fluctuating recessions and booms, workplace issues, and lack of job security, millennials have a pessimistic feeling towards the economy making a strong return and creating employment opportunities for them.

As the population continues to age in Japan, millennials feel the need to support a larger number of older people in the country. Even though Japan has modern means of transportation, advancements in technology, lower crime rates and excellent public health services, millennials don’t have the security of employment that their parents and grandparents had before.5 This lack of job security has contributed to a more cut-throat competition in the job market which can lead to a decrease in motivation and optimism towards developing healthier work cultures.

 

A rise in foreigners and seniors

Japan is slowly yet definitely internationalizing. Its driving force is the demographic change, where the country’s population is ageing rapidly and shrinking. Now, there is a never-before-seen increase on foreign tourism, and the preparations for the 2020 Tokyo Summer Olympics, resulting in a country who is in desperate need of more workers to fill jobs.

Prime Minister Shinzo Abe currently wants to bring in more foreign workers. His highly controversial proposal to accept hundreds of thousands of people to fill blue-collar jobs by 2025 is still unaccepted by some as Japan is known to have traditionally shunned immigration.6

These foreign workers will be allowed to stay in Japan for five years under a framework that only covers five industries — agriculture, construction, lodging, nursing and shipbuilding.7 They are also required to pass a test, demonstrating their proficiency and expertise in the field and the Japanese language.

The proposal will make solutions to the severe labor crunch in the country while creating jobs for foreign workers, which have been limited to highly specialized positions due to concerns of an influx of immigrants and increase in crime.

Japan’s government accepted that proposal in an unprecedented move to let in more immigrant workers than ever before – 300,000 throughout the next five years.

People working into their 70s and beyond will add a new facet to its reputation as a nation filled with an extreme workforce. PM Abe seeks to keep citizens in their senior age employed longer so they can help with the tax base and ease the burden on government spending, as the Japan keeps up with the world’s fastest aging population.8

This population has surged in social security spending, accounting for about one-third of government outlays in the fiscal year that ends in March, some of which were funded by debt. Hence, Abe is advancing legislation to encourage companies to abolish retirement ages and develop measures and policies to keep people on the job past the age of 70.

The government is also considering a new option of allowing workers to delay their pension payouts to age 75. Only about one percent of the eligible population taking advantage of the existing option, under which they can delay up to age 70 in return for a more than 40 percent increase in payments.9

A higher percentage of Japan’s population compared to the rest of the world is aged 65 or older, and their life expectancy at birth of 84 is tied with Switzerland for first place, according to a World Bank report.

 

A Call for Employment

Japan expresses an urgent need for employees in sectors like construction, agriculture and ship-building, all over the country. The hospitality and retail industries that require English and other language skills from future applicants continues to boom as tourism increases along with it.

Nursing and homecare workers are also needed to care for the growing graying population. According to a BBC report, if PM Abe’s proposal pushes through, more than 345,000 foreign workers are expected to come to Japan to fill those roles across all these sectors in the next five years.10

PM Abe also wants to allow low-skilled workers to stay for five years, and to introduce a renewable visa for skilled workers that would allow them to bring their families to Japan.

Critics of the plan fear it could provide an easier path to permanent residency, furthering the controversy of the proposal. They also expressed concerns that foreign workers would be the cause of crowded cities and pollution, and would choose not to live in rural areas where they are needed the most.

Either millennials make up for most of the Japanese workforce or foreigners and seniors, this will be the new normal for a Japanese work environment and the country should be able to adapt to the changes.

Feature image: Not a chapatsu in the place: New recruits for Seven & I Holdings Co. attend an initiation ceremony in Tokyo, with nary a lighter-hued hair in sight. April marks the start of many young people’s working lives in Japan. | AKIO KON / BLOOMBERG

References
1. https://medium.com/@IZAWorldofLabor/new-generation-of-japanese-workers-choose-a-job-for-life-5a57d2c0dc90
2. https://asia.nikkei.com/Business/We-lucky-few-Japan-s-millennials-reshape-their-country-s-drab-workplaces
3. https://english.kyodonews.net/news/2018/06/6207be1173e0-feature-surveys-find-young-generation-in-japan-positive-about-job-change.html
4. http://www.kiwireport.com/japanese-millennials-compared-rest-world/
5. http://blog.teamexcellence.com/millennials-in-asia-how-they-changed/
6,10. http://www.bbc.com/capital/story/20181210-more-seniors-more-foreigners-how-japan-is-rapidly-changing
7. https://english.kyodonews.net/news/2018/05/2f6e0d37f0be-japan-to-welcome-500000-foreign-workers-to-help-plug-labor-shortage.html
8,9. https://www.japantimes.co.jp/news/2019/05/23/national/social-issues/septuagenarian-job-hunters-become-japans-new-normal/#.XSR4N-gzbSH

Greece – Suicide or Murder?

By Peter Koenig

Pundits from the left, from the right and from the center cannot stop reporting about Greece’s misery. And rightly so. Because Greece, the vast majority of her people live in deep economic hardship. No hope. Unemployment is officially at 18%, with the real figure closer to 25% or 30%; pensions have been reduced about ten times since Syriza – the Socialist Party – took power in 2015 and loaded the country with debt and austerity. In the domain of public services, everything that has any value has been privatized and sold to foreign corporations, oligarchs, or, naturally – banks. Hospitals, schools, public transportation – even some beaches – have been privatized and made unaffordable for the common people.

While the pundits – always more or less the same – keep lamenting about the Greek conditions in one form or another, none of them dares offer the only solution that could have rescued Greece (and still could) – exiting the euro zone; return to their local currency and start rebuilding Greece with a local economy, built on local currency with local public banking and with a sovereign Greek central bank deciding the monetary policy that best suits Greece, and especially Greece’s recovery program. – Why not? Why do they not talk about this obvious solution? Would they be censured in Greece, because the Greek oligarchy controls the media – as oligarchs do around the (western part of the) globe?

Instead, foreign imposed (troika: IMF, European Central Bank – ECB – and European Commission – EC; the latter mainly pushed by German and French banks – and the Rothschild clan) austerity programs have literally put a halt on imports of affordable medication, like for cancer treatments and other potentially lethal illnesses.
So, common people get no longer treatment. They die like flies; a horrible expression to be used for human beings. But that’s what it comes down to for people who simply do not get the treatment they humanely deserve and would have gotten under the rights of the Greek Constitution, but do simply not get treated because they can no longer afford medication and services from privatized health services. That is the sad but true story.

As a consequence, the suicide rate is up, due to foreign imposed (but Greek government accepted) debt and austerity, annihilating hope for terminally ill patients, as well as for pensioners whose pensions do no longer allow them to live a decent life – and especially there is no light at the end of the tunnel.

Now, these same pundits add a little air of optimism to their reporting, as the rightwing New Democracy Party (ND Party) won with what they call a ‘landslide’ victory on the 7 July 2019 elections; gathering 39.6% of the votes, against only 31.53 for Syriza, the so-called socialist party, led by outgoing Prime Minister Alexis Tsipras, who represents a tragedy that has allowed Greece to be plunged into this hopeless desolation. The ND won an absolute majority with 158 seats in the 300-member Greek parliament. Therefore, no coalition needed, no concessions required.

The new Prime Minister, Kyriakos Mitsotakis (51), son of a former PM of the same party, in his victory speech on the evening of 7 July, vowed that Greece will “proudly” enter a post-bailout era of “jobs, security and growth”. He added that “a painful cycle has closed” and that Greece would “proudly raise its head again” on his watch.

We don’t know what this means for the average Greek citizen living a life of despair. What the “left” was unable to do – stopping the foreign imposed (but Greek accepted) bleeding of Greece; the strangulation of their country – will the right be able to reverse that trend? Does the right want to reverse that trend? – Does the ND want to reverse privatization, buy back airports from Germany, water supply from the EU managed “Superfund”, and repurchase the roads from foreign concessionaires, or nationalize hospitals that were sold for a pittance and – especially – get out from austerity to allow importing crucial medication to salvage the sick and dying Greek, those who currently cannot afford treatment of their cancers and other potentially deadly diseases?

That would indeed be a step towards PM Mitsotakis’ promise to end the “painful cycle” of austerity, with import of crucial medication made affordable to those in dire need, with job creation and job security – and much more – with eventually a renewed Greek pride – and Greek sovereignty. The latter would mean – finally – it’s never too late – exit the euro zone. But, that’s an illusion – a pipe-dream. Albeit – it could become a vision.

If the ND is the party of the oligarchs, the Greek oligarchs that is, those Greek who have placed literally billons of euros outside their country in (still) secret bank accounts in Switzerland, France, Lichtenstein, Luxemburg and elsewhere, including the Cayman islands and other Caribbean tax havens – hidden not only from the Greek fiscal authorities, but also impeding that these funds could, crucially, be used for investments at home, for job creation, for creation of added value in Greece – if the ND is the party of the oligarchs, they are unlikely to make the dream of the vast majority of Greek people come true.

Worse even, these Greek oligarch-billionaires call the shots in Greece – not the people, not those who according to Greek tradition and according to the Greek invention, called “democracy” (Delphi, some 2500 years ago) have democratically elected Syriza and have democratically voted against the austerity packages in July 2015. Now, that they are officially in power, they are unlikely to change their greed-driven behavior and act in favor of the Greek people. – Or will they?

Because, if they do, it may eventually also benefit them, the ND Party and its adherents – a Greece that functions like a country, with happy, healthy and content people, is a Greece that retains the worldwide esteem and respect she deserves – and will by association develop an economy that can and will compete and trade around the world, a Greece that is an equal to others, as a sovereign nation. – A dream can become a reality – it just takes visionaries.

Back to today’s reality. The Greek Bailout Referendum of July 5, 2015, was overwhelmingly rejected with 61% ‘no’ against 39% ‘yes’, meaning that almost two thirds of the Greek people would have preferred the consequences of rejecting the bailout, euphemistically called “rescue packages”, namely exiting the euro zone, and possible, but not necessarily, the European Union.

Despite the overwhelming, democratic rejection by the people, the Tsipras government reached an agreement on 13 July 2015 – only 8 days after the vote against the bailout – with the European authorities for a three-year bailout with even harsher austerity conditions than the ones rejected by voters. What went on is anybody’s guess. It looks pretty obvious, though, that “foul play” was the name of the game – which could mean anything from outright and serious (life) threats to blackmail, if Tsipras would not play the game – and this to the detriment of the people.

President Tsipras’ betrayal of the people resulted in three bailout packages since 2010 and up to end 2018, in the amount of about €310 billion (US$ 360 billion). Compare this to Hong Kong’s economy of US$ 340 billion in 2017.

The democracy fiasco of July 2015 prompted Tsipras to call for snap elections in September 2015, hélas – he won, with a narrow margin and one of the lowest election turnouts ever in Greek postwar history; but, yes, he ‘won’. How much of it was manipulated – by now Cambridge Analytica has become a household word – so he could finish the job for the troika and the German and French banks, is pure speculation.

Today, the ND has an absolute majority in Parliament, plus the ND could ally with a number of smaller and conservative parties to pursue a “people’s dream” line policy. But they may do the opposite. Question: How much more juice is there to be sucked out of broken Greece? Of a Greece that cannot care for her people, for her desperate poor and sick, cannot provide her children with a decent education, of a Greece that belongs into the category of bankruptcy? – Yes, bankruptcy, still today, after the IMF and the gnomes of the EU and the ECB predict a moderate growth rate of some 2%? – But 2% that go to whom? – Not to the people, to be sure, but to the creditors of the €310 billion. 

Already in 2011, the British Lancet stated “the Greek Ministry of Health reported that the annual suicide rate has increased by 40%”, presumably since the (imposed) crisis that started in 2008. From this date forward the suicide rate must have skyrocketed, as the overall living conditions worsened exponentially. However, precise figures can no longer be easily found.

The question remains: Is the Greek population dying increasingly from diseases that could be cured, but aren’t due to austerity- and privatization-related lack of medication and health services – and of suicide from desperation? – Is Greece committing suicide by continuing accepting austerity and privatization of vital services, instead of liberating herself from the handcuffs of the euro and very likely the stranglehold of the EU? – Or is Greece the victim of sheer murder inflicted by a greed-driven construct of money institutions and oligarchs, who are beyond morals, beyond ethics and beyond any values of humanity? You be the judge.

About the Author

Peter KoenigPeter Koenig is an economist and geopolitical analyst. He is also a water resources and environmental specialist. He worked for over 30 years with the World Bank and the World Health Organization around the world in the fields of environment and water. He lectures at universities in the US, Europe and South America. He writes regularly for Global Research; ICH; RT; Sputnik; PressTV; The 21st Century; TeleSUR; The Saker Blog, the New Eastern Outlook (NEO); and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe. He is also a co-author of The World Order and Revolution! – Essays from the Resistance.
Peter Koenig is a Research Associate of the Centre for Research on Globalization.

First published by the New Eastern Outlook – NEO

How to Beat Your Competitors in Business

Starting a business is not something that can be done in isolation. You can’t simply launch your business and then not pay attention to what is happening all around you, because some of it will have a direct impact on what you are doing and how successful you can be. One of these things will be your competition. If you don’t pay attention to your competitors, you’ll never see just how well they are doing and what they are doing in comparison to you, and this is a crucial part of running a business.

Once you do start to take note of what your competition is doing, you will need to do something about it; you want to be the business that people come to first, over and above anyone else offering a similar product or service. Here, then, are some useful tips about beating your business competition.

 

Show Your Difference

With so many people having the chance to open up their own businesses, there is going to be some overlap between them. It is virtually impossible to have an entirely unique business, no matter how hard you try.

Despite that, there will be some parts of your business that are unique to you, and it is these parts that you need to focus on, whatever they may be. It could be you, for example, that makes the difference – you might have a huge amount of experience, or be excellent at customer service, or be able to use your MBA from Redlands University Online to great effect. Perhaps it’s your services, or your pricing. Maybe it’s your aftersales care. Whatever it is, you need to show this difference and make the most of it to get ahead of your competition.

 

Find a Mentor

If you haven’t yet taken the next step to find a business mentor, then it is time you did; having a mentor really can boost your business, and can certainly put you ahead of your competition if they don’t have a mentor themselves.

A mentor is a hugely positive asset for your business. It’s isolating when you run a business, and even more so if you are the only one working there, so having someone to ask questions to and bounce ideas off is important. They can steer you in the right direction and can stop you from making potentially costly mistakes. The choices are still yours in the end, but a mentor’s advice really can help.

 

Be the Expert

If you have a choice of buying something from the absolute expert in the field, or from someone who couldn’t prove their expertise, what would you do? Most people would plump for the expert because buying from someone who really does know what they are talking about gives the purchaser confidence that they are buying the right thing. They might even be happy to pay a little more than they would with a competitor because of the peace of mind that buying from an expert would bring.

So, of course, it pays to position yourself as that expert. You’ll beat the competition and gain more business this way.

In order to show that you are the expert, you can:

• Write a blog
• Give talks
• Offer advice
• Make videos
• Answer online questions
• Be interviewed by local media

Once you have done this, and can be confident in your abilities, people will want to buy from you.

 

 

Iran – Seizure of a British Tanker – more than Tit for Tat

By Peter Koenig

The British-flagged tanker “Steno Impero”, heading for Saudi Arabia, was seized on Friday, 19 July 2019, by the Islamic Revolutionary Guard Corps (IRGC), in the Strait of Hormuz, after it rammed an Iranian fishing boat, whose distress call it ignored.

The tanker was taken to an Iranian port, because it was not complying with “international maritime laws and regulations,” Iran’s Revolutionary Guard said. Most importantly, the ship did not respond to several warnings from helicopters and Iranian boats, as apparently it turned off its transponder. How could that happen under control of professional sailors, other than as an open provocation.

Shipping safety in the Strait of Hormuz is crucial. Between 20% and 30% of the world’s hydrocarbons are shipped through this narrow passage of international water way before entering the Gulf of Oman. The strait is closely watched by Iran, as it is of utmost security concern for Iran. If this passage were to be closed due to conflict, it could bring down the world economy.

Do those that play these provocations, the UK as a handler dancing to the strings pulled by of Washington, realize what’s at stake? – Do they want to bring the Middle East to the brink of war? A regional war that could easily convert into a world war?

That may well be the longer-term intention. In the short-run, though it looks like pushing the escalation to a point where US ‘Client Europe’ may be discouraged from insisting on maintaining their part of the Iran Nuclear deal, or the Joint Comprehensive Plan of Action (JCPOA), and to blackmail Iran into a bilateral negotiation with the US on Iran’s nuclear program.

The first objective may be achieved; the second – no way. Iran is not falling for such fraud, especially with the country that pulled unilaterally out of the deal that was negotiated for two years (since November 2013) before it was signed in Vienna, Austria on 14 July 2015, by the 5+1 (the five permanent members of the UN Security Council – China, France, Russia, UK and US – plus Germany – and the European Union, and of course Iran).

Not only did President Trump, guided by his buddy, Israel’s Netanyahu, tear up the agreement unilaterally, but he also reinstated one of the most severe economic sanctions programs on Iran, plus all the western lies and smear propaganda launched against Iran. It is sheer insanity to believe that Iran would under these circumstances go to the negotiating table with her hangman. That will not happen. But war tensions are being further raised which is fully in the direction of the war criminal-in-chief, John Bolton’s dream, ever since the invasion in 2003 of Iraq which he also helped to engineer. It is like this sick man’s raison d’être. Mass killing by war and conflict is in his genes. The world can only hope that Trump, or those who pull the strings behind Trump, will eventually dismiss Bolton.

Iran has already said that they will launch a full investigation into the British tanker’s, Steno Impero’s, sailing off course and ramming a fishing boat – and that the UK is invited to participate in the investigation.

Backtracking to 4 July, when the British Royal Marines seized the Iranian tanker Grace 1 in Spanish waters, off the coast of Gibraltar, under the pretext that the super tanker was carrying oil destined for Syria which was under the EU’s sanction program. Iran’s Foreign Minister Javad Zarif, denied that the oil was destined for Syria; did however not elaborate further.

Spanish Foreign Minister, Mr. Josep Borrell, said that Washington informed Spain about the impending capture by the UK of the Iranian tanker in Spanish territorial waters. Spain could have said ‘no’ – but didn’t. Why not? Afraid of sanctions?

 

The UK did the bidding of Washington against her own interests, because the UK was one of three EU countries – Germany, France and UK – who at least made appear as if they wanted to preserve their part of the Iran Nuclear Deal.

Mind you, this is not for love of Iran, but pure business interest. Iran should be aware of that – meaning, Iran could be shot in the back at any time by the EU, by the very countries that try – or make appear they try – to circumvent the US sanctions.

What happened on 4 July was an act of sheer piracy, nothing less. A crime on high seas which the west just tolerated. The vessel is still under British control, while the arrested crew has since been liberated. Aside from the fact that Iran’s capture of the British oil tanker may look like tit for tat – Iran acted fully legitimate, as it’s Revolutionary Guard is policing the Strait of Hormus for security of other ships sailing through the narrow passage.

In one of his typical outbreaks of a madman, President Trump warned in a televised ‘fire and fury’ speech at the white House on Friday 19 July, “We have the greatest ships – the most deadly ships, we don’t want to have to use them. We hope for [Iran’s] sake they don’t do anything foolish. If they do, they will pay a price like nobody’s ever paid.”

Why would Trump not use the same language to warn the Brits for their pirating an Iranian vessel in Spanish waters? – well, we know this is the crazy, unbalanced and off-kilter world we live in. Its so normal, people in the west take this imbalance and injustice, this double-talk and hypocrisy as the gospel.

All indications are however, while building up a war scene, the US are seeking justification for what they had already called out – an alliance of the willing to send war ships to the Straight of Hormus to assure safe passage for ‘everybody’. Well, this would certainly not fly with Iran. But important to know is what’s behind this idea. Imagine the US navy and her puppet allies controlling the sea passage through which almost a third of all the world’s hydrocarbon sails every day – Washington would have one more tool to sanction, strangle countries they feel do not bend enough to Washington’s dictate. Their oil shipment would be withheld, to bring their economy down – this might be the most effective weapon yet.

World beware! Even those who are in favors with the self-declared hegemon, you never know when the pendulum may swing the other way, simply because the Israel-driven US of A may be on a whim aggression course against an imaginary enemy, or corporate interests are shifting — in conclusion nobody would be safe – and, the world economy could come crashing down, like a house of cards, making 2008 look like a walk in the park.

About the Author

Peter KoenigPeter Koenig is an economist and geopolitical analyst. He is also a water resources and environmental specialist. He worked for over 30 years with the World Bank and the World Health Organization around the world in the fields of environment and water. He lectures at universities in the US, Europe and South America. He writes regularly for Global Research; ICH; RT; Sputnik; PressTV; The 21st Century; TeleSUR; The Saker Blog, the New Eastern Outlook (NEO); and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe. He is also a co-author of The World Order and Revolution! – Essays from the Resistance.
Peter Koenig is a Research Associate of the Centre for Research on Globalization.

Revolutionising Japan’s Businesses Through Women

By Alecsandra Tubiera

 

There will always be a call for more women in the workforce, and as times are changing, it is evident that women are now leading the top enterprises in the market. In Japan today, more women are getting employed, and this could mean a transformation for the country’s economy. However, not all of them is in full-time job, and women are still working hard in the climbing up the ladders of the corporate world.

 

Progressive gender equality in the workplace?

Japan’s population is continuously shrinking and ageing, and the country has decided to continue to grow its workforce despite the issue. Since the population’s peak in 2010 at 128 million, it has now decreased by 1.3 million people. Additionally, its population is made largely by the elderly: 28 percent are over 65, compared to 18 percent in the UK and 15 percent in the US.1

The country’s female employment rate has been a key contributor, as a higher proportion of women are also returning to work sooner after having children than they were previously in 2002. A government policy has aided this, by increasing the number of nursery places and making provision for all 3 to 5-year-olds free by 2021. A law passed in 2015 demands that larger firms set targets for hiring and promoting women. Other legislation caps overtime at 100 hours a month, a move designed to both prevent over-work and generate new roles where demand clearly exists.

“Highly educated women quit because it’s not worthwhile keeping that ‘stupid’ job,” said Machiko Osawa.

Women in Japan usually end up in the non-career roles, which involve administrative jobs with hardly any upward mobility. “Highly educated women quit because it’s not worthwhile keeping that ‘stupid’ job,” said Machiko Osawa, a labor economist at Japan Women’s University in a CNN report.2

The government is currently way behind the raft of targets PM Shinzo Abe set three years ago, which included the goal of women holding at least 30 percent of senior positions in all parts of society by 2020, since it is already 2019.

However, this situation has been gradually improving, with roughly 66 percent of Japanese women are working, according to Kathy Matsui of Goldman Sachs in a report from CNN. It is still below the 80 percent of men working in the country.3

In a study by Kazuo Yamaguchi, a Ralph Lewis Professor of Sociology at the University of Chicago, his analysis of the gender wage gap found that gender differences in employment type—specifically the larger proportion of women than men employed in non-regular positions—explain only 36 percent of the gender wage gap.

“The primary factor is the gender wage gap within full-time regular employment, which accounts for more than half of the overall gender wage gap. The elimination of the gender wage gap among regular workers is therefore a more pressing issue than fixing the overrepresentation of women in non-regular employment,” said Yamaguchi in his article.4

A major cause of the gender wage disparity of Japanese regular employees is the lack of female managers. According to the 2016 Basic Survey on Equality of Employment Opportunity by the Ministry of Health, Labour, and Welfare, women hold 6.4 percent of the positions of department director or equivalent; 8.9 percent of section head or equivalent; and 14.7 percent of task-unit supervisor or equivalent.5

 

Gender equality trends Japan can adopt

Working to get more women on executive boards

In countries that have an average of three women on large company, all but one also has mandated quotas, according to a report from Bloomberg. Having board quotas for women may be a step in the right direction towards equality in the workplace. In the U.S., California was the first state to require at least one woman on executive boards, and it may help pave the way for other states, as well as countries to follow suit.6

Fortune 500 companies with the highest number of women directors reported a 42 percent greater return on sales and a 53 percent higher return on equity than the rest, according to the Harvard Business Review.

Three out of four Japanese companies have no female senior executives and a Reuters poll said women account for less than 10 percent of management, underscoring an uphill battle for PM Abe’s “Womenomics” push.7 As mentioned, the government wants to see the proportion of female senior executives at listed firms climb to 10 percent by 2020 and the number in management rise to 30 percent.

The Japanese government is pressuring companies to reform as a new regulation went into effect earlier in 2016 that required firms to disclose how many female employees they have and their plans to support and promote them.

A Reuters Corporate Survey, conducted from August 29 to September 10, 2018, found that only one tenth of Japanese firms said women accounted for 10 percent or more of management. Also, at three-quarters of companies, the figure was less than 10 percent and at 15 percent of firms, there were none.

The movement is called #KuToo, which is a play on the Japanese word “kutsu” for shoes and “kutsuu,” meaning pain.

Women are on the path to reaching critical mass in government

Thousands of Japanese women have joined a social media campaign against dress codes acceptable at work. The campaign also rejects the stereotype that women should wear high heels in the workplace.

The movement is called #KuToo, which is a play on the Japanese word “kutsu” for shoes and “kutsuu,” meaning pain.8 Yumi Ishikawa, a writer and actress, launched the campaign after leaving a message on Twitter, about being forced to wear high heels for a part-time job at a funeral home. She said the requirement is an example of gender discrimination.

She also wrote that wearing high heels causes health problems for women with their feet and in the lower back. “It’s hard to move, you can’t run, and your feet hurt. All because of manners,” she wrote, as reported in a VOA News article.9

Ishikawa submitted the online petition to the Health, Labor and Welfare Ministry on June 3, as this was the start of the screening process for new job seekers recruitment, during which many female applicants wear heels. The petition calls on the government to tell companies to stop rules enforcing women to wear heels.

However, labor minister Takumi Nemoto indicated that he will not support a drive to ban such dress codes. “It’s generally accepted by society that wearing heels is necessary and reasonable in workplaces,” Nemoto said in a Diet committee session. Some supporters of the campaign tweeted that forcing women to wear high heels in earthquake-prone Japan can pose threats to their lives.10

Equal representation in government may help more legislation get completed, and in the business world, gender-balanced leadership teams can help further the progress in a business as different ideas and solutions may come into play.

 

Leaders should take a stand for equality

Having leadership with an equality mindset is beneficial for a company and is a great leap forward. Bringing inclusivity and diversity to a reality will require business leaders who walk the talk and set the tone for the rest of the organisation.

It’s no secret that parity is good for business: Companies with the highest representation of women on their senior teams reap 34 percent more profits than companies with the lowest female representation, according to Catalyst, a non-profit group that promotes women in the workplace.

Catalyst found that women make up for 9.1 percent of all senior managers at Nissan (NSANF), which was above the 8.3 percent average for Japanese firms with more than 100 employees. Chie Kobayashi, who led Nissan’s diversity development office in 2016, said the company was attractive to her straight out of university because it strips the trend by not using separate career tracks. She also became the first Japanese working mother to be posted overseas for Nissan in 2005.11

Nissan attracts women with its policies, including generous parental leave, flexible working hours, career mentoring and on-site childcare facilities at its global headquarters in Yokohama. Also, major Japanese companies such as Calbee and Shiseido (SSDOF), have also been singled out for their progressive policies on women employees.

However, such firms typically have foreigners in senior management, often crediting Nissan’s Brazilian-born CEO, Carlos Ghosn, for implementing such policies in the company. Therefore, Nissan is just one of the many companies that can help the Japanese government’s target of having women represent 15 percent of senior managers at private companies by 2020.

Having a government and companies that more accurately reflect the population will help push legislation forward to better understand and provide women’s wants and needs, from supporting equal pay to advocating for mandatory parental leave to greater protection against sexual harassment.

 

References
1 https://www.finchannel.com/business/financial-markets-and-stocks/77095-more-female-and-older-workers-have-boosted-japan-s-labour-market
2,11 https://money.cnn.com/2016/10/16/news/economy/japan-companies-women-careers-nissan/index.html
3 https://money.cnn.com/2016/09/15/news/economy/japan-working-women-report-card/index.html
4, 5 http://www.ipsnews.net/2019/03/japans-gender-gap/ 6,11https://www.forbes.com/sites/shelleyzalis/2019/01/04/6-equality-trends-to-watch-in-2019/#2c7a55744ad4 7 https://www.reuters.com/article/us-japan-companies-women/women-in-management-at-japan-firms-still-a-rarity-reuters-poll-idUSKCN1LT3GF
8, 9 https://learningenglish.voanews.com/a/japanese-women-stand-against-high-heels/4945361.html
10 https://www.japantimes.co.jp/news/2019/06/10/national/social-issues/men-force-feet-high-heels-japans-kutoo-movement-seeks-build-media-attention/#.XRWlJegzbSE

Japan’s politics is opening up to women, but don’t expect a feminist revolution yet

Three women have in recent months been appointed to politically powerful positions in Japan. But even as seeing women in positions of power becomes less unusual in the country, gender parity is a long way off.

Renho Murata (commonly known as Renho) is the new leader of the opposition Democratic Party; Koike Yuriko beat her two male competitors to become Tokyo’s first female governor; and Japan’s Ministry of Defense is, for only the second time, being led by a woman — Inada Tomomi (Koike Yuriko was defense minister from July to August 2007).

The appointment of the these women to leadership positions suggests a shift in the role and status of women in Japanese politics, and in society more generally. And some have wondered if the surge means that a woman prime minister could be around the corner. But this is no revolution.

 

National shame

There’s an increasing sense of embarrassment among Japanese political leaders about the nation’s position in global rankings of female political and economic empowerment.

Women heads of state have emerged in several G8 countries and also in neighbouring countries, such as South Korea and Taiwan. Japan, by contrast, has the lowest proportion of women in its national legislative assembly among OECD countries; only 9.3% of Lower House seats are occupied by women.

The nation also has the second largest gender pay gap, after South Korea. Women comprise less than 2% of the nation’s mayors, less than 10% of company heads and only 18% of court judges.

For a country that’s so advanced in other human development indices, such as health and life expectancy, these statistics paint a troubling picture of enduring gender inequality.

The fact that Koike, Renho and Inada have reached positions of political leadership is a positive sign of change. It is also symbolically significant for Japanese women and representative democracy. But do they herald the beginning of a feminist political utopia in Japan? A glimpse of their backgrounds and motivations may give us a hint.

The governor

Tokyo’s first female governor Koike Yuriko’s political background is in national politics. Before throwing her hat in the ring for the office of Tokyo governor, she was a member of the long-ruling government party, the Liberal Democratic Party, and had a seat in the national legislative assembly.

Tokyo’s first female governor, Koike Yuriko. Kim Kyung-Hoon/Reuters

 

She was influential in the preparation of policies to better utilise women’s labour largely as a strategy of improving the economy, so her commitment to “women’s empowerment” is unquestionable. She is interested in encouraging women to participate more in the workforce and take an active part in the capitalist economy.

Tokyoites can expect to see reform of working conditions at the metropolitan government. More specifically, they can expect an improvement in working hours and increased employment of women.

Koike has also expressed a commitment to the many issues surrounding daycare for children that have an adverse effect on working families, and especially on women. Specifically, she has spoken of her commitment to solving the problem of the long waiting lists for daycare in the city and to implementing measures to prevent accidents at daycare centres.

Tokyo women have great expectations of Koike but she is not necessarily an advocate of women’s rights for their sake. She’s certainly keen to see more women contribute to the economy and to help ensure employers can “utilise” women more effectively.

But there’s silence regarding ideas about alleviating poverty among women, or implementing expanded support to victims of sexual violence. Only time will tell whether Koike’s historic appointment as the first woman to govern Tokyo will have any effect on tackling the nation’s deeply embedded gender inequality.

 

The defence minister

Japan’s new defence minister, Inada Tomomi, is a close ally of Prime Minister Shinzo Abe. Both Abe and Inada are members of Japan’s powerful nationalist lobby group, Japan Conference, a vocal denier of the validity and legitimacy of “comfort women’s” claims to compensation.

Japan’s new defence minister, Inada Tomomi. Thomas Peter/ Reuters

 

Abe has faced criticism from both outside and inside Japan for his decision to appoint Inada (who was elected to the House of Representatives in September 2005) to the post of defence minister.

Abe’s decision might reflect a possible desire to appease the female voting public. Japanese women are generally opposed to national involvement in war and therefore the Abe administration’s moves to revise Japan’s pacifist constitution. They were particularly opposed to the decision this year to send Self Defence Forces to South Sudan.

When women reach politically powerful positions, especially if they are in the early stage of their careers, they run the risk of not being taken as seriously as their male counterparts, and of being open to attack. This has been noted in other countries as well, and women in Japan are no strangers to harassment and abuse at the hands of their male colleagues.

But Inada seems to be protected by her friend Abe to the point of being coached by him from the sidelines, so to speak, during fierce questioning from the opposition.

 

The party leader

Renho, the new leader of the Democratic Party, follows in the footsteps of the political path-breaker of Doi Takako, who led the Japan Socialist Party (JSP) when it was the main political opposition from 1986 to 1991, and again from 1996 to 2003.

Leader of the opposition Democratic Part Renho Murate. Toru Hanai/ Reuters

 

Renho has capitalised on being a woman in her political campaigns by referring to her experience as a mother of twins. Her powerful oratory skills and direct humour endear her to the public.

Her main challenge is arguably to unify her party and transform it into one that’s regarded by voters as a viable alternative to the Liberal Democratic Party. Renho’s decision to appoint former prime minister Noda Yoshihiko as her party’s secretary general, second only in power to her, perhaps indicates her desire to pay it safe.

Many in the party were highly critical of the appointment because they partially blame him for the party’s loss of its brief hold on government in the 2012 general election.

 

The road ahead

So, can Japanese women expect improvement in their lives with Koike, Inada and Renho in charge?

When it comes to parity in the workplace, they can certainly expect reforms, and it’s important to have women in visible leadership positions. But it’s also important to acknowledge that Japanese women are ambivalent towards these three leaders.

Neither Koike, Inada or Renho represent the majority of women – or the majority of Japanese people more generally – when it comes to pacifism and nuclear energy. These are two of the most politically significant issues in Japan today.

The majority support the pacifist constitution, which was promulgated in 1947, and are opposed to nuclear energy — a topic that has become increasingly important since the triple disaster at Fukushima on March 11 2011.

Until women who are more in tune with the majority of Japan’s voting public are elected to power, we shouldn’t expect too many significant changes.

The article was first published in The Conversation.

About the Authors

Emma Dalton is Lecturer in Japanese, La Trobe University

Mari Miura is Professor of Politics, Sophia University

Vancouver Law Regulations You Should Be Aware Before Hiring a Mortgage Broker Company

Are you looking to purchase a home in Vancouver? Well, there are many homes for sale in this prime Canadian location. From flats to houses—there are numerous properties you can purchase in Vancouver. However, before purchasing your home in Vancouver through a mortgage company, it’s advisable to understand the rules that govern this industry. Understanding the rules will help you handle the whole process in an amicable and smooth way. Plus, understanding the laws will ensure that you don’t fall prey to scammers. So, before purchasing your home through a mortgage broker, familiarize yourself with the following facts.

 

Who’s a Mortgage Broker?

Mortgage brokers are professional companies who act as freelance agents. The work of a professional mortgage broker is to connect property buyers and lenders. They gain through earning a commission from financial lenders.

 

Why Own a Home

Owning a home is a dream for many. Becoming a homeowner comes with lots of advantages. They include:

• Source of saving
• Payment equity
• Value appreciation. Houses, unlike other forms of properties, increases in value. So, purchasing a home is one of the best investments you can take.
• Great return on investment
• You can use the equity of your home to secure loans
• Owning a home is the first step when it comes to climbing the property ladder.

 

Common Mortgage Legal Terms

A mortgage is registered in a legally binding document. A mortgage must contain the principal amount. This amount represents the actual amount you borrow towards purchasing your new home. You will be charged interest against this amount. Common factors that influence the interest rate include your credit history as well as the terms and conditions of the lender. Payment comprises the principal amount and interest. The mortgage law has clear guidelines when it comes to the amortization period—the time it takes to repay the entire law. It is also important to note that a lower amortization period means paying less monthly installments. However, you will end up paying more. Amortization periods must be within 15-30 years.

Your Vancouver mortgage broker will issue you with a payment schedule. You will have to make your payment based on the payment schedule. Common payment schedules include monthly, twice monthly, bi-weekly (you will make the payment every other week), and weekly. It’s also important to note that making prompt, frequent payments can lower costs commonly associated with interest rates. Important; be sure to through all the process of mortgaging. From pre-approvals, mortgage insurance, making a down payment, writing an offer, arranging for inspection, checking the house’s locks—following the right process will make things simple and straightforward.

 

The Bottom-Line

Don’t just purchase a home through a mortgage broker before understanding the laws and regulations in Vancouver. Understanding the laws and regulations will ensure that the process is as smooth as possible. Plus, this strategy will eliminate things like being scammed, overcharged, etc. So, before buying your home in Vancouver, understand the above laws and regulations.

 

 

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