The FTSE 100 slumps! But here’s why you shouldn’t fear a second stock market crash Matthew Dumigan 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. 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. Since the major sell-off in equities in March, global stocks have risen sharply. To illustrate, the FTSE 100 index has climbed by 23%, while its US counterpart, the S&P 500, has surged by almost 40%. Fears over the possibility of a second market crash are understandable given the wider macroeconomic uncertainty. However, investors with a long-term mindset needn’t be worried. In fact, a second major sell-off could actually boost your chances of building serious wealth. Here’s how.Cheap share pricesAs we saw in March, the stock market crash resulted in cheap share prices across the board. Countless quality FTSE 100 companies were trading far below their average historic valuations, and a handful still are today. The extent of the sell-off meant that certain stocks appeared oversold in the eyes of many. Thus, there was an ideal opportunity for investors to pick up undervalued shares and hold them for the long term.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…In the event of a second stock market crash, those same investors will be primed and ready to repeat the process over again, and so should you. Rather than seeing a market crash as a disastrous event, look on the bright side and use it as a perhaps once-in-a-lifetime opportunity to buy bargain stocks.I think it’s also worth pointing out that fears over another market crash shouldn’t deter you from investing now. After all, what if that second sell-off you’re banking on never comes? That said, if you wish to lower your risk profile, I’d suggest drip feeding your investments into the market.Holding for the long termThe short-term volatility in the stock market is such that holding investments for any period less than 5 years is a big risk. But for those with a long-term horizon of a decade or more, investing in shares is one of the best ways to build capital.For example, assuming an annual return of 8% (equal to the annualised returns of the FTSE 100 over the past 30 years), a £5,000 investment today would be worth £50,314 after 30 years!Therefore, if a second stock market crash happens, I’d use it as an opportunity to load up on cheap shares and hold them for the long term. That way, the wonders of time and compounding returns will help turn a relatively small investment into a tidy amount.Don’t fear the second stock market crashAs the number of confirmed Covid-19 cases continues to rise around the world, the potential for a second stock market crash in the near future remains a possibility. If a second wave of infections takes hold, I expect investor sentiment to rapidly deteriorate, resulting in plunging share prices once again.Combine this with rising tensions between the US and China and the short-term macroeconomic outlook appears rather bleak. Nevertheless, it’s by no means certain that a second major sell-off is around the corner. After all, the stock market is always forward-looking and is certainly not the economy.As such, I wouldn’t fear a second stock market crash. Rather, I’d use it as an opportunity to pick up even more cheap shares and hold them for the long term. 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. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Matthew Dumigan | Thursday, 25th June, 2020 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Image source: Getty Images See all posts by Matthew Dumigan
Why I think the easyJet share price is cheap, and why I still won’t buyWhy I think the easyJet share price is cheap, and why I still won’t buy
Why I think the easyJet share price is cheap, and why I still won’t buy “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Alan Oscroft 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. Enter Your Email Address I don’t often write about a stock that I think is set to climb, but which I’d never buy. But I’m doing that now, and I’m talking about easyJet (LSE: EZJ). The easyJet share price has been crushed by the Covid-19 pandemic, as the entire travel business was flattened.Some haven’t survived, while others may well go the same way before the full ravages of the onslaught are known. And those that make it through will be slimmed down, or saved only by a rescue deal of some sort. One way or another, nobody in this business will come through unscathed. And on that cheery note, I think easyJet shares will probably do reasonably well by the end of 2021.5G 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…The easyJet share price is down 57% so far in 2020. It looked like it was staging a recovery in June, though that’s since fallen back. But bums will surely return to seats, and investors will surely return to airline shares. And my Motley Fool colleague Rupert Hargreaves has explained why he rates easyJet among the best in the business.Probably the best airlineThe thing is, I think he’s right. I agree with just about every word he writes. It’s a popular airline, liked by passengers. When I’ve had the choice between easyJet and Ryanair, I’ve gone orange every time. It’s well managed, and has been financially sound. And I think easyJet is likely to be in better shape than most when flying starts to become medically and socially acceptable again.And I reckon that’s all going to give the easyJet share price a boost. At least in the relatively short term.My problem is that, yes, easyJet may well be the best in the business. But it’s the best in a truly lousy business. Airlines can’t differentiate very much, except maybe in customer service — and even there, all bar one do it well enough.They simply compete on price, and they have zero control over the bulk of their costs. Fuel, salaries, airport slots, plane costs, fuel etc. Oh, and did I mention fuel? Oil prices are low now, but I’m sure they won’t always be. And we never know what might hit the airline business next.easyJet share priceLook at the easyJet share price over history. There was a big rise starting in 2012, but that separated two lengthy spells of really going nowhere. Even before the lockdown hit, in early 2020 easyJet shares were only at similar levels to late 2013. Even without the current stock market crash, the easyJet share price had followed a tortuous up-and-down path to going sideways. For six-and-a-half years.In that time, there have been dividends. And they’ve yielded somewhere between 3% and 5%. That’s not bad at all. But you could have had dividends just as good, but without the extreme share price volatility. And beyond a short-term partial comeback, I think it will be years before the airline industry gets back to its old volumes. So even if easyJet is the best in the business, it’s still a business I want no part of. 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. Alan Oscroft | Saturday, 29th August, 2020 | More on: EZJ Image source: Getty Images. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares 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. 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. See all posts by Alan Oscroft
Violence in South Sudan: coordinating the global Anglican responseViolence in South Sudan: coordinating the global Anglican response
Course Director Jerusalem, Israel Rector Bath, NC This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Associate Rector Columbus, GA Curate (Associate & Priest-in-Charge) Traverse City, MI Press Release Service Rector Washington, DC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector Hopkinsville, KY Rector Belleville, IL Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Submit a Press Release Curate Diocese of Nebraska Director of Administration & Finance Atlanta, GA Anglican Communion, Featured Events Missioner for Disaster Resilience Sacramento, CA Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Collierville, TN Rector (FT or PT) Indian River, MI The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Posted Aug 24, 2016 Priest Associate or Director of Adult Ministries Greenville, SC Youth Minister Lorton, VA Rector Martinsville, VA Priest-in-Charge Lebanon, OH Associate Priest for Pastoral Care New York, NY Featured Jobs & Calls Submit a Job Listing An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Canon for Family Ministry Jackson, MS Bishop Diocesan Springfield, IL [Anglican Alliance] SUDRA, the relief and development arm of the province of the Episcopal Church of South Sudan and Sudan (ECSSS), is responding to the needs of displaced people in Juba and other areas thanks to the support of Anglican agencies and partners.The Anglican Alliance convened two conference calls on July 14 and Aug. 4, joined by partners from across the Anglican Communion. They heard directly from the ECSSS provincial team about the current situation, while SUDRA outlined its initial response, the plans for ongoing relief, and the need for advocacy by Anglicans for peace.Full article. Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Pittsburgh, PA Rector and Chaplain Eugene, OR Tags Rector Tampa, FL Rector/Priest in Charge (PT) Lisbon, ME Sudan & South Sudan Cathedral Dean Boise, ID Rector Knoxville, TN Rector Albany, NY The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Submit an Event Listing Assistant/Associate Rector Washington, DC AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Assistant/Associate Priest Scottsdale, AZ Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Associate Rector for Family Ministries Anchorage, AK Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Director of Music Morristown, NJ Advocacy Peace & Justice, Rector Smithfield, NC Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem New Berrigan Book With Episcopal Roots Cascade Books Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Assistant/Associate Rector Morristown, NJ Violence in South Sudan: coordinating the global Anglican response Family Ministry Coordinator Baton Rouge, LA Rector Shreveport, LA
Share on Facebook Tweet on Twitter You have entered an incorrect email address! Please enter your email address here Did You Know?More phone calls are made on Mother’s Day than any other day of the year.These holiday chats with Mom often cause phone traffic to spike by as much as 37 percent. Ann Jarvis and Julia HoweThe origins of Mother’s Day as celebrated in the United States date back to the 19th century. In the years before the Civil War, Ann Reeves Jarvis of West Virginia helped start “Mothers’ Day Work Clubs” to teach local women how to properly care for their children.These clubs later became a unifying force in a region of the country still divided over the Civil War. In 1868 Jarvis organized “Mothers’ Friendship Day,” at which mothers gathered with former Union and Confederate soldiers to promote reconciliation.Another precursor to Mother’s Day came from the abolitionist and suffragette Julia Ward Howe. In 1870 Howe wrote the “Mother’s Day Proclamation,” a call to action that asked mothers to unite in promoting world peace. In 1873 Howe campaigned for a “Mother’s Peace Day” to be celebrated every June 2.Other early Mother’s Day pioneers include Juliet Calhoun Blakely, a temperance activist who inspired a local Mother’s Day in Albion, Michigan, in the 1870s. The duo of Mary Towles Sasseen and Frank Hering, meanwhile, both worked to organize a Mothers’ Day in the late 19th and early 20th centuries. Some have even called Hering “the father of Mothers’ Day.” Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Please enter your comment! LEAVE A REPLY Cancel reply Please enter your name here From the History ChannelMother’s Day is a holiday honoring motherhood that is observed in different forms throughout the world. The American incarnation of Mother’s Day was created by Anna Jarvis in 1908 and became an official U.S. holiday in 1914. Jarvis would later denounce the holiday’s commercialization and spent the latter part of her life trying to remove it from the calendar. While dates and celebrations vary, Mother’s Day most commonly falls on the second Sunday in May and traditionally involves presenting mothers with flowers, cards, and other gifts. The Anatomy of Fear Mother’s Day around the worldWhile versions of Mother’s Day are celebrated worldwide, traditions vary depending on the country. In Thailand, for example, Mother’s Day is always celebrated in August on the birthday of the current queen, Sirikit.Another alternate observance of Mother’s Day can be found in Ethiopia, where families gather each fall to sing songs and eat a large feast as part of Antrosht, a multi-day celebration honoring motherhood.In the United States, Mother’s Day continues to be celebrated by presenting mothers and other women with gifts and flowers, and it has become one of the biggest holidays for consumer spending. Families also celebrate by giving mothers a day off from activities like cooking or other household chores.At times, Mother’s Day has also been a date for launching political or feminist causes. In 1968 Coretta Scott King, wife of Martin Luther King Jr., used Mother’s Day to host a march in support of underprivileged women and children. In the 1970s women’s groups also used the holiday as a time to highlight the need for equal rights and access to childcare. Support conservation and fish with NEW Florida specialty license plate Anna JarvisThe official Mother’s Day holiday arose in the 1900s as a result of the efforts of Anna Jarvis, daughter of Ann Reeves Jarvis. Following her mother’s 1905 death, Anna Jarvis conceived of Mother’s Day as a way of honoring the sacrifices mothers made for their children.After gaining financial backing from a Philadelphia department store owner named John Wanamaker, in May 1908 she organized the first official Mother’s Day celebration at a Methodist church in Grafton, West Virginia. That same day also saw thousands of people attend a Mother’s Day event at one of Wanamaker’s retail stores in Philadelphia.Following the success of her first Mother’s Day, Jarvis—who remained unmarried and childless her whole life—resolved to see her holiday added to the national calendar. Arguing that American holidays were biased toward male achievements, she started a massive letter writing campaign to newspapers and prominent politicians urging the adoption of a special day honoring motherhood.By 1912 many states, towns and churches had adopted Mother’s Day as an annual holiday, and Jarvis had established the Mother’s Day International Association to help promote her cause. Her persistence paid off in 1914 when President Woodrow Wilson signed a measure officially establishing the second Sunday in May as Mother’s Day. TAGSMother’s Day Previous articleMother’s Day Freebies and DealsNext articleOh God, how your heart must break Denise Connell RELATED ARTICLESMORE FROM AUTHOR Jarvis decries commercialized Mother’s DayAnna Jarvis had originally conceived of Mother’s Day as a day of personal celebration between mothers and families. Her version of the day involved wearing a white carnation as a badge and visiting one’s mother or attending church services. But once Mother’s Day became a national holiday, it was not long before florists, card companies and other merchants capitalized on its popularity.While Jarvis had initially worked with the floral industry to help raise Mother’s Day’s profile, by 1920 she had become disgusted with how the holiday had been commercialized. She outwardly denounced the transformation and urged people to stop buying Mother’s Day flowers, cards, and candies.Jarvis eventually resorted to an open campaign against Mother’s Day profiteers, speaking out against confectioners, florists, and even charities. She also launched countless lawsuits against groups that had used the name “Mother’s Day,” eventually spending most of her personal wealth in legal fees. By the time of her death in 1948 Jarvis had disowned the holiday altogether, and even actively lobbied the government to see it removed from the American calendar. Celebrations of mothers and motherhood can be traced back to the ancient Greeks and Romans, who held festivals in honor of the mother goddesses Rhea and Cybele, but the clearest modern precedent for Mother’s Day is the early Christian festival known as “Mothering Sunday.”Once a major tradition in the United Kingdom and parts of Europe, this celebration fell on the fourth Sunday in Lent and was originally seen as a time when the faithful would return to their “mother church”—the main church in the vicinity of their home—for a special service.Over time the Mothering Sunday tradition shifted into a more secular holiday, and children would present their mothers with flowers and other tokens of appreciation. This custom eventually faded in popularity before merging with the American Mother’s Day in the 1930s and 1940s. Save my name, email, and website in this browser for the next time I comment.
Save my name, email, and website in this browser for the next time I comment. The Anatomy of Fear Alisha Ashford is a graduate of Lake Mary High School that spent a year in Spain through a student exchange program. She is currently a journalism major at Seminole State College. Share on Facebook Tweet on Twitter Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 TAGSAlisha AshfordMillennials Previous articleIs the Stand Your Ground law being abused? Let’s Talk About ItNext articleRealtors endorse two Apopka candidates in upcoming elections Denise Connell RELATED ARTICLESMORE FROM AUTHOR Support conservation and fish with NEW Florida specialty license plate LEAVE A REPLY Cancel reply You have entered an incorrect email address! Please enter your email address here Please enter your name here Through her eyes: A millennial girl takes on Central FloridaBy Alisha AshfordFor quite some time, Orlando didn’t feel like my home.I guess there are many ways to describe what a home is; it can be a place, it can be a feeling, it can even be wherever family is. I always thought that Orlando just could not be the place I would settle in—my heart didn’t belong here.So, I suppose I would side with the cliché phrase “home is where the heart is.” After all, clichés must be cliché because they’re true, right? Funny enough, it took me living abroad for a year, coming back to the United States, and completely re-establishing myself in Orlando to realize that it may just be home after all.But how exactly did I come to this conclusion?The first time I remember feeling at home was while living in Spain during my year as an exchange student. It took me about six months there to ground myself by learning Spanish, making good friends, and finding hobbies. Once I did that, I felt more at home than I can even explain. I had never felt more connected to a place than I did in that little Spanish town. However, even with that being said, I don’t think my contentment while living there had as much to do with the physical place or the people as I once thought it did.When my time there was up, I dreaded leaving Spain because I thought I was leaving my home and I’d never find it elsewhere. I couldn’t have been further off.Looking back, I think what made my town in Spain home to me was the fact that I created a life and a routine there for myself as opposed to doing what I did every day just because I was raised that way or was used to it. Every day after school, I stopped at one of the bakeries during the walk home to pick up fresh bread for my host mom. I’d come inside, set the table for lunch, and wait for my host parents to arrive so we could eat together. When the evening came around it would be time for me to head out into the city to see friends or to spend time alone in one of my favorite cafés. I lived within walking distance of everywhere I needed to go: school, the supermarket, the beach, the library, my friend’s house, and my favorite place in the whole city, Castillo de los Patos.Castillo de los Patos is a fort-like platform elevated right above the ruins of a Roman amphitheater with a view of the entire city.Castillo de los Patos is a fort-like platform elevated right above a Roman amphitheater ruin with a view of the entire city. I used to escape to that place taking only my headphones for music when I needed to get away to think. There is a peacefulness about looking out over a place with so much commotion down below, and finding solitude observing it in quietness. It was within finding those little things I loved about my city and becoming comfortable navigating myself around a place with independence that caused it to become home to me.Upon arriving back in Florida, I was certain I had lost that feeling for good. However, I was proven wrong when I did whatever I could to rediscover that feeling. The most important thing was to find my community of people.I met someone who was starting up one of many little house churches in central Florida called “Microchurch.” This one started out for the students of Seminole State College, but it turned out to be much more. Every Thursday we gather in my home to share a home-cooked meal while discussing a book of the Bible. We explain how our week has been, we ask each other for help in troubling situations, and we celebrate each other’s victories. This house church started in my grandparents’ home about a year ago. During this year I have seen people come and go, and I have also met people that stuck with this little community, turning it into our own little family.I don’t know what it is about sharing a meal with people, but it truly has brought us together in such a special way.Now, I have found so many things that cause me to feel at home in Orlando. Home to me now is in the spontaneous coffee dates with friends at our local coffee shops. It’s on the midnight trips to the beach to watch the stars. It’s at church with my family every Sunday. It’s in exploring downtown with my best friends. Most of all, home is found in my little community of people who are there for me during the many highs and lows that life brings my way. Please enter your comment!
Ireland fans not impressed after error-strewn win over RussiaIreland fans not impressed after error-strewn win over Russia
Projects 2010 ArchDaily Photographs “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/113060/new-villa-in-rieteiland-oost-knevel-architecten Clipboard Area: 359 m² Year Completion year of this architecture project Photographs: Luuk KramerText description provided by the architects. The residence consists of three floors, besides the basement and an entrance to the roof terrace. Its volume is following the plot’s contours The design of the building mass and the degree of ‘openness’ determine the orientation of the house.Save this picture!© Luuk KramerThe entrance to the house is at a small courtyard. From this side the house gives a closed impression. The façade has the maximum height permitted and acts as the back of the house, turning it to the courtyard. From this large façade the building mass slants downwards in one line to the South West. On that side the residence has an open character due to the use of large glass windows and the creation of loggias and roof terraces.Save this picture!© Luuk KramerFrom the house the surrounding residential neighbourhood is hardly perceived because of its orientation towards nature. Therefore there is a strong sense of privacy and openness. The outdoor spaces on the upper floors, volumes which have been lifted out of the main structure, overlook the surrounding nature as a result of the direction of the sloping roof. The many outdoor spaces on the floors also enhance the bond with the surrounding nature.Save this picture!© Luuk KramerThe building mass remains clearly readable as one volume by the continuous lines of the eaves/gables and facades. A high level of abstraction is achieved in the facades by the composition of accurately executed openings and the selection of only two materials for the closed surfaces.Save this picture!© Luuk KramerThe upper part of the building mass is cladded with dark wooden profiles while the base at ground floor level is executed with light-colored rendered finish.The abstraction is enhanced by fitting the complete sloping roof with anthracite solar panels which are well visible from the park across the water.The solar panels are a vital part of the architectural image. Due to the almost identical dark colors of the cladding and the sloping roof and the accurate detailed connections, the roof and the facades create one volume. With the seeming simplicity of form, detail, materials and colors, the house is blending into its surrounding landscape.Save this picture!© Luuk KramerProject gallerySee allShow lessWurstershire Sauce / UC Berkeley Landscape and Architecture Graduate Student TeamArticlesQuaDror: A New Structural SystemArticles Share Year: CopyHouses•Amsterdam, The Netherlands Architects: Knevel Architecten Area Area of this architecture project The Netherlands New Villa in Rieteiland Oost / Knevel Architecten Save this picture!© Luuk Kramer+ 13 Share Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/113060/new-villa-in-rieteiland-oost-knevel-architecten Clipboard “COPY” New Villa in Rieteiland Oost / Knevel ArchitectenSave this projectSaveNew Villa in Rieteiland Oost / Knevel Architecten CopyAbout this officeKnevel ArchitectenOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesAmsterdamWoodHousesThe NetherlandsPublished on February 23, 2011Cite: “New Villa in Rieteiland Oost / Knevel Architecten” 23 Feb 2011. ArchDaily. Accessed 12 Jun 2021.
2013 Projects Houses CopyAbout this officeMarlene UldschmidtOfficeFollowProductsWoodStone#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesFerragudoPortugalPublished on August 21, 2013Cite: “Casa 103 / Marlene Uldschmidt” 21 Aug 2013. ArchDaily. Accessed 11 Jun 2021.
Year: Projects Vietnam Save this picture!© Quang Trần+ 27Curated by Paula Pintos Share Manufacturers: Spec, Toto, Acor, Anfaco Lighting, Dong Nai, Vicem “COPY” Đoàn Bằng Giang, Hoàng Duy, Nguyện Minh Quân, Nguyễn Vũ Hải, Nguyễn Hương, Nguyễn Phương Khánh 2019 ArchDaily CopyHouses•Vietnam Photographs: Quang Trần Manufacturers Brands with products used in this architecture project Lead Architects: ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/930580/ans-house-g-plus-architects Clipboard An’s House / G+ Architects Area: 2000 m² Year Completion year of this architecture project An’s House / G+ ArchitectsSave this projectSaveAn’s House / G+ Architects Houses CopyAbout this officeG+ ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookVietnamPublished on December 23, 2019Cite: “An’s House / G+ Architects” 22 Dec 2019. ArchDaily. Accessed 10 Jun 2021.
The viral crisis in light of the crisis of capitalismThe viral crisis in light of the crisis of capitalism
The author is a veteran Portuguese Marxist and an editor of the web magazine jornalmudardevida.net. Workers World publishes this March 24 article with his permission. Translation by John Catalinotto.It would be all too easy for people to attribute the ongoing economic crisis to the coronavirus. The propaganda peddlers already call the market collapse “the COVID-19 crisis.” But, as in chemistry, you have to distinguish between reagents and catalysts. The emergency created by the viral epidemic has only precipitated what was already unfolding and which the most attentive observers had been predicting for at least months.The outbreak of the 2008 global financial crisis was readily attributed to the “greed” of speculators. Now, the finger is pointed at the unanticipated COVID-19. In both cases, what you sense is the attempt to absolve the capitalist system and thus hide the essential causes of this new collapse.An abrupt but predictable plungeRecent precipitous stock market plunges demonstrate that the inevitable is already happening: The financial bubble created in the last decade is bursting at the seams, with fictitious capital moved for speculation evaporating at the rate of millions per hour.The “recovery,” of which there was talk a few months ago, appears to be nonexistent. All the wealth, real or virtual, amassed in the hands of a few, proves to be entirely useless in responding to both the health and the economic crises.The world’s leading economies, not to mention all of them, are shrinking and entering recession. The International Labor Organization predicts a growth in unemployment of between 5 and 25 million, on top of the almost 200 million already seen (estimated 188 million in 2019 by ILO).Poverty will hit 9 million more workers. Large companies (such as, in the case of Portugal: TAP, Autoeuropa, PSA or Continental) are closing down or going bankrupt. Thousands of small businesses close their doors to no longer open them.Twelve years later, none of the evils of 2008 has been solved, and the crash today promises to be even more violent.A crisis within the crisisIn fact, this is not a second crisis, this one attributed to the virus. It is rather a relapse of the crisis that started in 2008. Faced with the collapse of business, the “solution” then consisted of trying to cover the huge debt of financial institutions by filling their coffers with more fresh money. That is, the “solution” to the debt was to increase the debt — and make the working class pay for it, using austerity measures.Over the past 12 years, there has been a colossal accumulation of capital and wealth in fewer and fewer hands. Far from representing real progress, this has come through the impoverishment of wage labor. This included a marked degradation of infrastructures and public services, especially health and social assistance (which is now proving to be criminal); faster environmental destruction; fiercer competition among capitalists and empires; and an unrestrained proliferation of armed aggression and economic sanctions.No real economic revival has taken place — only the temporary stabilization of finance and the recovery of the profits of speculative capital. While the euphoria of the stock markets lasted, power and its mouthpieces deceived the working classes with the false idea that the economy was in recovery. They spread illusions of progress in an indefinite future in order to silence the resistance of those who were paying the costs of saving capital in the present.The order of factors countsThe epidemic acts then as an accelerator, but it is not the source of the economic crisis that is once again being unleashed now. It is, moreover, perfectly plausible to admit that, if the capitalist economy were in good health and advancing, the economic effects of the pandemic could be overcome — with damage — but without the catastrophe that is now unfolding.What is more, if the economy and the power of the governments focused on the common good, there would be extensive health care, stocks of goods and medicines, research aimed at the prevention of new diseases, open and honest international cooperation without narrow interests — and the health crisis could then be faced without panic and fought with means that now do not exist because they have been neglected.In this sense, it is the protracted crisis of this senile capitalism that makes the coronavirus epidemic a catastrophe, and not the other way around.Naked global capitalismWhat’s in sight, then, is the intrinsic weakness of today’s capitalism: the resulting inability of the entire social system shaped by it to respond to collective needs; its total inadequacy to meet the demands of an open, transnational, global, egalitarian human society.The relapse we are now witnessing not only highlights the stagnation experienced since 2008. It also confirms the limits of the globalization process that began in the 1990s. The benefits that imperialist capital has derived from the expansion seen in the last 30 years all indicate that they have come to an end. It is the perception of this limit that underlies the protectionism and nationalism used by major powers such as the U.S. or Britain.Given the dead end to which the whole system has reached, the perspective that the world faces is not a miraculous new surge of progress: It is the atrophy of globalized capitalism.State interventionIn the emergence of the pandemic, it is apparent that the glorified “private initiative” and the sacrosanct “market” are unable to meet the minimum social requirements: life and health. There is no shortage of examples: Private clinics and hospitals only become effective when incorporated into the National Health Service [in Portugal]; the practice of keeping no inventory [“just-in-time”] creates glaring shortages of essential goods and equipment; countless economic activities prove to be absolutely superfluous because there is no plan to meet social needs; state bureaucracy proves to be a hindrance in providing aid to victims; supply chain monopolies have come close to breaking down; and the private character of the banks prevents the social wealth it accumulates from being properly channelled.The state rolls up its sleeves and takes on all the burdens of collective life in order to carry out the tasks which entrepreneurs do not perform — in a further demonstration of how useless and parasitic capital has become. But the state only comes on the scene, ultimately, to rescue capital from death — by socializing losses, nationalizing companies if necessary, printing money over the top — in the hope that the wave will pass and business can later be resumed, charging interest on today’s losses.The gigantic cash injections (much higher than in 2008) that governments are already making — giving liquidity to stagnant companies, distributing money to try to maintain consumption, suspending budgetary limitations in the case of the European Union, etc. — will increase public debts and state deficits to levels never seen before, and they will not be able to prevent another massive liquidation of capital, that is, of social wealth.The foreseeable consequence will be mass unemployment, a drop in direct salaries, the irremediable loss of pensions subject to the misfortunes of stock market speculation, the further degradation of public services — all contributing to increasing the burden on the back of the working masses.What is neededAll that effort proves how the capitalist economy, which has become obsolete, cannot respond to today’s collective demands, and how the survival of capitalism drags society as a whole into chaos. The demand for a new, socialist social order has gained full strength.The emergency measures themselves, ironically, come close in formal terms to this need: to ensure minimum purchasing power for everyone, to provide free and universal health care and social support, to maintain employment and wages despite the fall in business, to requisition private companies for useful production, to nationalize strategic sectors. But the capitalist class nature of the state makes all this limited, temporary and aimed at restoring the system of exploitation further ahead.Not by chance, the rulers and the propagandists of power have referred to “war” regarding the pandemic. They aim to create an obedient unanimity in the population, to gain space to combat social protests and demands that may arise. They thus create the conditions for the arbitrariness of power, for repressive intervention, under the false argument that evil strikes everyone equally and that everyone is being defended equally.Under the banner of “war” on the pandemic, power seeks to conceal the real class war that inevitably worsens in the conditions of impoverishment and social breakdown that lie ahead. The only effective warfare, from the point of view of those who work, is against a socioeconomic system that repeatedly proves incapable of ensuring well-being, life, health.When the whole of humanity is driven to the brink of chaos — that is the imminence of where we are — the question is how to create the social force that will push into its grave a capitalism that has exhausted its capacity to provide progress. In the absence of such force, it becomes inevitable that the working class will again suffer (and now, in all likelihood, in an aggravated manner) when the costs of this stroke hit the old capitalist world.The only agent capable of real social change is the working class. It is in its hands to become conscious of its role and organize itself to impose such a change.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this