stickyyouthstudent

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Other People’s Money review – good capitalism goes to war with greed

Southwark Playhouse, London Unfettered excess and predatory humour combine in a timely reflection on big business

Jerry Sterner’s play about Wall Street avarice first opened off-Broadway two years after the stock market crash of 1987 and soon became a film starring Gregory Peck and Danny DeVito. Revived in our age of economic collapse and austerity, it is a timely rumination on the amorality of unfettered free market capitalism.

The plot pits Andrew Jorgenson, the patriarch of a family-run firm on Rhode Island, against Larry the Liquidator, a corporate raider from New York who seeks to make a profit from other people’s failing assets. “There’s an important story that needs to be told,” says William (Mark Rose), an employee at Jorgenson’s wire and cable firm, who is also our narrator. “It’s about loyalty, friendship, tradition and of course, money. Lots of money.”

At Southwark Playhouse, London, until 11 May.

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Hammond misses budget target but deficit is at 17-year low

ONS says borrowing in latest full financial year was £24.7bn, down 41%

Philip Hammond has missed his annual target for bringing down the budget deficit, despite borrowing dropping to the lowest level since 2002.

The Office for National Statistics said that borrowing in the latest full financial year, which ended in March, was £24.7bn, down by 41% from a year earlier but above the target set for the chancellor.

Related: Philip Hammond starts search for next Bank of England governor

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Stainless Steel 304/304L/304H Seamless Tubes

submitted by /u/diginews15 [link] [comments]

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Capitalism is failing workers. People want a job with a decent wage – why is that so hard? | Richard Reeves

The workings of capitalism have been challenged both from the populist right and the socialist left. At the heart of the discontent in the US is faltering wages

Read our entire Broken Capitalism series

Before capitalism, there was work. Before markets, before even money, there was work. Our remotest ancestors, hunting and gathering, almost certainly did not see work as a separate, compartmentalized part of life in the way we do today. But we have always had to work to live. Even in the 21st century, we strive through work for the means to live, hence the campaign for a “living wage”.

As a species, we like to define ourselves through our thoughts and wisdom, as homo sapiens. But we could as easily do so through the way we consciously apply effort towards certain goals, by our work – as homo laborans. It nonetheless took two revolutions, one agricultural, one industrial, to turn “work” into its own category.

Richard Reeves is the author of Dream Hoarders and a Senior Fellow at Brookings Institution

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Workers are creating massive wealth. Why are corporations hoarding it all? | Cory Booker

Our economy works best when no one is left on the sidelines, writes Cory Booker, US Senator for New Jersey and a Democratic presidential candidate

Read our entire Broken Capitalism series

Every day Carol Ruiz wakes up at 3.30am and goes to an airline catering service at Newark Airport, where she helps prepare the food carts that flight attendants push up and down the aisle. She organizes the napkins, creamers, sugar, and cups that go on the beverage cart, cleans the glasses and silverware, and diligently tracks the champagne that goes on the carts for first class passengers. At the end of her 40-hour week she takes home $345. The average airline CEO makes that amount in about 20 minutes.

Last year, while Carol was undergoing treatment for cancer, her kids and husband went without health insurance so the family could afford her medical bills.

Cory Booker is a US Senator for New Jersey and a Democratic presidential candidate

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Homemade propane forge.

submitted by /u/Karl_Metalworks [link] [comments]

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Almost 2m people will lose £1,000 a year with universal credit – study

Those on disability benefits and low incomes will be among worst affected, IFS concludes

Almost 2 million people will lose more than £1,000 a year following the switch to universal credit, with those claiming disability benefits the worst affected, according to research by a leading thinktank.

Self-employed workers on below average incomes and low-income families with little savings will also be among the biggest losers, the Institute for Fiscal Studies study concluded, as the government aims to complete one of the biggest overhauls of the benefits system since the introduction of tax credits in 2003.

Related: 'Universal credit is a nightmare – the stress is overwhelming'

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Where can I buy spring steel strips?

Im looking to buy some spring steel strips for headphone restoration of a few headbands for old models that no longer sell replacement accessories.

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I was hoping to find some around .7mm thick or 1/16 or 1/8th.

Width around /2-3/4"

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Length 12"-16"

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I dont have a great way to cut spring steel from sheets so strips are ideal but im just having trouble finding anything that seems like a reasonable deal or isnt specialized to a different genre of metal use.

submitted by /u/AudioKeto [link] [comments]

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Made this attachment for my belt grinder to keep the mess minimal and thought you might be interested in watching.

submitted by /u/diesineveryfilm [link] [comments]

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See how we unloaded and moved a 5,000 lbs Mazak lathe into a shop!

submitted by /u/CCSandSonsWorkshop [link] [comments]

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Dual Wielding

submitted by /u/CherryPoppins9 [link] [comments]

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Oil prices surge to six-month high as US gets tough on Iran embargo

US warns any country not complying that ‘the risks will not be worth the benefits’

Oil prices surged to their highest level in six months on global commodity markets after the US said it would take a harder line against countries that breach its oil embargo on Iran.

Brent crude, which provides the benchmark for global oil prices, hit $74.70 a barrel on Tuesday morning while the lighter grade US West Texas intermediate rose to $66.31. The price of both slipped slightly later in the day.

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Cool Craftsmanship Project with Brass: Portuguese Artisans Partnership with International Designers

submitted by /u/selenangel [link] [comments]

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Twitter shares surge as Trump accuses it of 'political games'

Social media platform’s revenues up 18% as president criticises its treatment of him

Twitter has reported better-than-expected financial results, sending its shares surging, as Donald Trump accused the social media platform of “playing political games”.

Revenues for the first quarter climbed by 18% to $787m (£605m), beating Wall Street forecasts of $776m. Revenues were boosted by ad sales that also rose 18%, to $679m. Its shares rose more than 8% in trading before the market opened.

“The best thing ever to happen to Twitter is Donald Trump.” @MariaBartiromo So true, but they don’t treat me well as a Republican. Very discriminatory, hard for people to sign on. Constantly taking people off list. Big complaints from many people. Different names-over 100 M.....

.....But should be much higher than that if Twitter wasn’t playing their political games. No wonder Congress wants to get involved - and they should. Must be more, and fairer, companies to get out the WORD!

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The US stock market will stop its charge – perhaps with a sharp shock | Nouriel Roubini

Hopes of a US-China deal, as well as Brexit delays, have cheered investors, but there are risks ahead

Financial markets tend to undergo manic-depressive cycles, and this has been especially true in recent years. During risk-ons, investors – driven by “animal spirits” – produce bull markets, frothiness, and sometimes outright bubbles; eventually, however, they overreact to some negative shock by becoming too pessimistic, shedding risk, and forcing a correction or bear market.

Whereas prices of US and global equities rose sharply throughout 2017, markets began to wobble in 2018, and became fully depressed in the last quarter of the year. This risk-off reflected concerns about a global recession, Sino-American trade tensions, and the Federal Reserve’s signals that it would continue to raise interest rates and pursue quantitative tightening. But since this past January, markets have rallied, so much so that some senior asset managers now foresee a market “melt-up” (the opposite of a meltdown), with equities continuing to rise sharply above their current elevated levels.

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Need help with the defects present in this casted brake disc

submitted by /u/yahiaos [link] [comments]

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Oil hits 2019 high as US tightens sanctions squeeze on Iran – business live

Rolling coverage of the latest economic and financial news, as Brent crude heads towards $75 per barrel

7.49am BST

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

“This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue.

“The U.S., Saudi Arabia and the United Arab Emirates, three of the world’s great energy producers, along with our friends and allies, are committed to ensuring that global oil markets remain adequately supplied.

White House statement from the Press Secretary on cooperation between the United States, Saudi Arabia, & the United Arab Emirates on Energy and Iran Policies. ( $WTI $BRENT $XLE all higher ) pic.twitter.com/CLBVl73sWi

European Opening Calls:#FTSE 7492 +0.44%#DAX 12244 +0.18%#CAC 5584 +0.06%#MIB 21913 -0.20%#IBEX 9591 +0.09%

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