BP’s Russian partners plot to block dividends

first_img Share whatsapp whatsapp Monday 31 January 2011 8:59 pm KCS-content Show Comments ▼ Tags: NULLcenter_img BP’s Russian partners plot to block dividends BP’s RUSSIAN partners are attempting to derail the payment of the firm’s final dividend payment of last year in a row over exploration contracts.AAR, a vehicle for the billionaires who own half of Russian venture TNK-BP, said at an extraordinary board meeting yesterday that it plans to block TNK-BP interim dividends amounting to $1.8bn (£1.1bn), which are due to be paid this month.The issue threatens to undermine BP’s full-year results, which are announced this morning.AAR called for the block after BP signed a $16bn share swap deal and exploration contract with Russian state-owned oil firm Rosneft without its participation in the project. The TNK-BP board, led by chief executive Mikhail Fridman, will meet on 18 February to decide whether to withhold dividend payments.Alfa Petroleum, a subsidiary of AAR, will also today learn whether it has been granted an injunction in the London High Court to stop BP progressing further with the joint venture. A BP spokesman said: “The normal time for discussing dividends is at regular board meetings. In the meantime, we’re trying to resolve this matter, in as businesslike manner, as soon as possible.”TIME LINE | BP IN RUSSIA1997: BP pays $571m (£357m) to acquire a 10 per cent stake in SIDANKO, Russia’s fifth largest oil company at the time.2003: BP establishes its Russian joint-venture, TNK-BP, the largest foreign investment in Russia, after a merger between TNK, SIDANKO and Onako and most of BP’s Russian oil assets.March 2008: Russian police raid the offices of BP and TNK-BP in Moscow and question managers. Officials say they were investigating a $40m tax evasion involving SIDANKO.July 2008: TNK-BP’s Russian shareholders AAR threaten BP with legal action over director powers.July 2008: Russian authorities say TNK-BP boss Bob Dudley can no longer stay in the country on his temporary visa. Dudley leaves a month later, blaming a campaign of harassment. January 2009: BP relinquishes TNK-BP board authority to the AAR groupJanuary 2011: BP announces $16bn share swap with Russia’s state-owned oil group Rosneft. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedialast_img read more

Unlicensed operators thriving in Swedish market

first_imgCasino & games Topics: Casino & games Finance Sports betting Unlicensed operators thriving in Swedish market Svenska Spel and ATG lose market share as re-regulation approaches Unlicensed operators are continuing to take business from firms licensed in Sweden, according to the last quarterly figures that will be published by the country’s gambling regulator before the introduction of new iGaming regulations in January 2019.Gross gaming revenue in the Swedish market increased by 1.2% to SEK16.8bn (£1.4bn/€1.6bn/$1.8bn) for the first three quarters of 2018, but regulator Lotteriinspektionen noted a decline in the amount generated by licensed operators. Companies that hold licences in the county generated SEK12.2bn in Q3, down 2.4% year-on-year, whereas unlicensed firms saw their collective revenue climb 12.4% to SEK4.5bn. Svenska Spel remains Sweden’s largest gaming operator with SEK6.4bn in revenue, though this was down 1.6% on the previous year due in part to a 9% drop in land-based gaming revenue. In contrast, online gaming revenue jumped 23% year-on-year.The story was very much the same for at racing operator ATG, where revenue slipped 0.4% to SEK3.1bn, due to a 10% drop in land-based gaming revenue, and despite a 6.7% increase in online revenue. The nine-month results reflect a long-running trend in Sweden, which has seen iGaming grow in popularity and unlicensed operators increase their market share. For the nine months to the end of September, licensed operators held 73% of the total market share, compared to 27% of companies without permits. Online gambling revenue was up 12.9% year-on-year over the three quarters, but land-based gaming revenue has fallen by 8.4% over the same period.According to figures from industry analyst Regulus Partners, Sweden’s listed companies have seen revenue increase 23% on a constnat currency basis, – but only 12% in Euro terms – with Cherry and MRG performing strongly, Svenska Spel trading in-line with expectations and Betsson showing signs of recovery following a period of decline. It noted that Gaming Innovation Group appeared to have seen growth slow, with Kindred Group and LeoVegas losing market share.Sweden’s is to introduce new gambling regulations from January 1st, 2019, which will see online gaming officially legalised and subject to an 18% gross gaming revenue tax. The Lotteriinspektionen expects up to 70 operators to apply for a licence, with more than 22 filing their applications when the regulator started accepting submissions on August 1st.The regulator is expected to begin announcing successful applicants later this month, but has also warned that some operators may be forced to wait as a result of errors in their application paperwork.As part of preparations for the market re-regulation, the Lotteriinspektionen last month appointed Katarina Abrahamsson as its first match-fixing coordinator and also set out new responsible gambling requirements for licensees. Image: Hangsna AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Tags: Mobile Online Gambling OTB and Betting Shops 12th November 2018 | By contenteditor Regions: Europe Nordics Sweden Email Addresslast_img read more

WV sports betting off to strong start in new fiscal year

first_img Subscribe to the iGaming newsletter Email Address Casino & games WV sports betting off to strong start in new fiscal year 13th August 2019 | By contenteditor Topics: Casino & games Finance Sports betting Horse racing Tags: OTB and Betting Shops Race Track and Racino West Virginia’s sports betting market has reported revenue of $704,475.03 for the first five weeks of the state’s fiscal year, with Penn National Gaming’s Hollywood Casino at Charles Town Races maintaining its leadership of the market.  West Virginia’s sports betting market has reported revenue of $704,475.03 for the first five weeks of the state’s fiscal year, with Penn National Gaming’s Hollywood Casino at Charles Town Races maintaining its leadership of the market. For the five weeks to 3 August, beginning from the start of the state’s 2020 fiscal year on Monday 1 July, taxable revenue generated in the state came predominantly from the Penn National venue, which accounted for $539,879.54 of the total.Customer stakes amounted to $7.6m over the period, with Hollywood Casino accounting for $6.0m of this sum.The operator, which has partnered DraftKings for its sportsbook offering in the state, generated the bulk of revenue over the week to 20 July, when revenue hit $274,305.20. This followed a difficult week to 13 July, in which it posted a loss of $70,437.89. Read the full story on iGB North America.Image: Wikimedia Commons AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US West Virginialast_img read more

Williamson Tea Kenya Limited (WTK.ke) 2010 Annual Report

first_imgWilliamson Tea Kenya Limited (WTK.ke) listed on the Nairobi Securities Exchange under the Food sector has released it’s 2010 annual report.For more information about Williamson Tea Kenya Limited (WTK.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Williamson Tea Kenya Limited (WTK.ke) company page on AfricanFinancials.Document: Williamson Tea Kenya Limited (WTK.ke)  2010 annual report.Company ProfileWilliamson Tea Kenya Limited cultivates, manufactures and sells tea in Kenya and exports to international markets. The company operates tea farms in Changoi, Kaimosi, Kapchorua and Tinderet. It is a fifth-generation tea farming business committed to growing high quality green tea leaf and produces a selection of loose-leaf tea and loose-leaf teabags. Well-known brands in its product range include Duchess Grey, Traditional Afternoon, Lifeboat Tea, Kenya Earth, Green Earl Grey, Purple Blush, Mint Garden, Earl Grey Purple, Purple Matcha and Green Matcha. Williamson Tea Kenya Plc also has interests in property investment and has a division which sells and services generators. Williamson Tea Kenya Plc is a subsidiary of Ngong Tea Holdings Limited. The head office is in Nairobi, Kenya. Williamson Tea Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

Padenga Holdings Limited (PHL.zw) 2019 Abridged Report

first_imgPadenga Holdings Limited (PHL.zw) listed on the Zimbabwe Stock Exchange under the Agricultural sector has released it’s 2019 abridged results.For more information about Padenga Holdings Limited (PHL.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Padenga Holdings Limited (PHL.zw) company page on AfricanFinancials.Document: Padenga Holdings Limited (PHL.zw)  2019 abridged results.Company ProfilePadenga Holdings Limited is the leading supplier of crocodile skins and meat in Zimbabwe, accounting for nearly 85% of the global supply of Nile crocodile skins used for high-end luxury fashion brands. The company operates three crocodile breeding and production farms in Zimbabwe; Kariba Crocodile Farm, Ume Crocodile Farm and Nyanya Crocodile Farm. Each farm has the capacity to breed close to 15 000 hatchlings per year. Nile alligators are bred at Lone Star Alligator Farm in Texas, USA. Padenga Holdings Limited produces crocodile skin and meat products for consumption by the local market and for export to European and Asian markets. Padenga Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

RDC Properties Limited (RDCP.bw) 2019 Presentation

first_imgRDC Properties Limited (RDCP.bw) listed on the Botswana Stock Exchange under the Property sector has released it’s 2019 presentation For more information about RDC Properties Limited (RDCP.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the RDC Properties Limited (RDCP.bw) company page on AfricanFinancials.Document: RDC Properties Limited (RDCP.bw)  2019 presentation Company ProfileRDC Properties Limited is a property management, development and rental company in Botswana. It also has interests in Madagascar through a Mauritian-based subsidiary. The company develops and manages commercial, industrial and residential developments which are based in prime locations in major towns and cities of Botswana. RDC Properties Limited offers long-term value to its shareholders through construction income, rental income, hospitality income, capital appreciation and the sale of premium properties. Landmark properties in its portfolio include Masa Centre, Standard Chartered House, Chobe Marina Lodge and Isalo Rock Lodge. RDC Properties is investigating investment opportunities to expand its footprint in South Africa, Mozambique and Namibia.last_img read more

Omatek Ventures Plc (OMATEK.ng) Q32019 Interim Report

first_imgOmatek Ventures Plc (OMATEK.ng) listed on the Nigerian Stock Exchange under the Technology sector has released it’s 2019 interim results for the third quarter.For more information about Omatek Ventures Plc (OMATEK.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Omatek Ventures Plc (OMATEK.ng) company page on AfricanFinancials.Document: Omatek Ventures Plc (OMATEK.ng)  2019 interim results for the third quarter.Company ProfileOmatek Ventures Plc assembles and sells computer equipment and accessories in Nigeria and offers an after-sales support service. The company sells a range of servers, casings and LCD screens as well as computer accessories which includes CRT monitors, fingerprint scanner, wireless routers, notebooks and tablets, DVDs, plasma televisions, desktop computers, speakers and LED screens. Power products include UPS, solar panels and corn LED lights. Omatek Ventures Plc was the first company in Nigeria to establish a factory which assembled computer cases, speakers, keyboards and mouse accessories. The company’s head office is in Lagos, Nigeria. Omatek Ventures Plc is listed on the Nigerian Stock Exchangelast_img read more

The Barn House / Paul Uhlmann Architects

first_imgCopyHouses•Pullenvale, Australia “COPY” “COPY” Australia The Barn House / Paul Uhlmann Architects The Barn House / Paul Uhlmann ArchitectsSave this projectSaveThe Barn House / Paul Uhlmann Architects Photographs Manufacturers: Centor, VELUX Commercial, Anchor Ceramics, Bluescope, Cavalier Bremworth, Cutek, Duce, Dulux, Eco Outdoor, Inlite, Harvey Norman, Hutchinsons Tiles Murwillumbah, Kennedy’s Timber, Reece Plumbing, Tradco 2019 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/933753/the-barn-house-paul-uhlmann-architects Clipboard Photographs:  Andy Macpherson Studio Manufacturers Brands with products used in this architecture project Products translation missing: en-US.post.svg.material_description Year: center_img Architects: Paul Uhlmann Architects Area Area of this architecture project Save this picture!© Andy Macpherson Studio+ 22Curated by Paula Pintos Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/933753/the-barn-house-paul-uhlmann-architects Clipboard Builder: CopyAbout this officePaul Uhlmann ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookPullenvaleAustraliaPublished on February 14, 2020Cite: “The Barn House / Paul Uhlmann Architects” 14 Feb 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogBathroom AccessorieshansgroheBath & Shower ThermostatsGlass3MGlass Finish – FASARA™ NaturalPartitionsSkyfoldVertically Folding Operable Walls – Mirage®WindowsVitrocsaSliding Window – Mosquito NetSinksBradley Corporation USASinks – Verge LVG-SeriesMetal PanelsTrimoQbiss One in Equinix Data CentreSignage / Display SystemsGoppionDisplay Case – Q-ClassMetal PanelsLongboard®Aluminum Battens – Link & Lock – 4″Sports ApplicationsPunto DesignPunto Fit in Ekaterinburg Public SpaceWoodBlumer LehmannFree Form Structures for Wood ProjectsKnobsKarcher DesignDoor Knob K390 (50)TablesVitsœ621 Side TableMore products »Save想阅读文章的中文版本吗?澳洲谷仓之家,周末避世小木屋 / Paul Uhlmann Architects是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Cullum Hughes of CGH Constructions ArchDaily Houses Area:  412 m² Year Completion year of this architecture project Projects Architect In Charge:Paul Uhlmann, David CurrieEngineering:Rienmac EngineersCity:PullenvaleCountry:AustraliaMore SpecsLess SpecsSave this picture!© Andy Macpherson StudioText description provided by the architects. This residence was designed to be a rural weekend getaway for reoccurring clients; a busy city couple and their children. An existing driveway meanders through the property, flanked by sprawling jacarandas that lead to the building. This idea of ‘The Barn’ was embraced in both external form and the interior spaces, as the building was intended to be an escape for the family to go and enjoy their horses.Save this picture!© Andy Macpherson StudioThe ground floor plan completely opens to engage with the sprawling lawn and grounds of the property. This enables cross-ventilation, and the ability of the family’s young children and their friends to come and go as they please. Cathedral-like ceilings and windows are encapsulated by exposed structural timbers to frame views to the paddocks and bushland below. Save this picture!© Andy Macpherson StudioSave this picture!Ground floor planSave this picture!© Andy Macpherson StudioUpstairs, the bedrooms have skylights to watch the clouds go past during the day, and the stars by night. A generous bunkroom enables the children to host multiple friends over the weekend while the adults can entertain separately on the ground floor. The design of the building, clad internally and externally in Australian hardwood with a zincalume roof, created a strong singular rural form that sits like a rural shed in a setting of both farmland and bush.Save this picture!© Andy Macpherson StudioProject gallerySee allShow lessDenPaku The Beachfront MIJORA / Atelier TEKUTO + Amami Design FirmSelected ProjectsIntangible Sound / HAS design and researchSelected Projects Sharelast_img read more

Klingelbeek Buildings / Dyvik Kahlen

first_imgArchDaily Lead Architects: ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/953888/klingelbeek-buildings-dyvik-kahlen Clipboard Team:Ivana Cobejova, Alexandra Paritzky, Laurence Lumley, Isabel Pietri, Daniel Eguren, Francisco PereiraConstruction:KarbouwDeveloper:Schipper Bosch, Jeroen van de Krol, Marvin BackerLandscape:Buero Harro, VIC LandscapesCity:ArnhemCountry:The NetherlandsMore SpecsLess SpecsSave this picture!© Antoine EspinasseauRecommended ProductsWindowsSolarluxSliding Window – CeroWindowsSky-FrameRetractable Insect Screen – Sky-Frame FlyWindowsLibartVertical Retracting Doors & WindowsWindowspanoramah!®ah!38 – FlexibilityText description provided by the architects. The two buildings shown are the first completed of eight residential buildings designed by Dyvik Kahlen for the Klingelbeek Estate, a beautiful green park along the river Rhine, in Arnhem, Holland, a project developed by the dutch developer Schipper Bosch.Save this picture!© Antoine EspinasseauCenturies ago this park and its villa formed part of a hamlet called Klingelbeek. In the early part of the twentieth century the villa was turned into a monastery. An allotment garden, a ruin and natural pond remains to to this day and forms part of the new landscape in which the buildings have been placed. Save this picture!Klingelbeek – Site planSave this picture!Apartments Plan – Ground floorThe new development consists of a mixture of apartment buildings, town houses, a villa and workshop building to form a new set of relationships from living to working. While the park is shared amongst all residents to become the heart of the community, each building creates different private outdoor rooms that negotiate the transition from the private to this shared landscape.Save this picture!© Antoine EspinasseauIn the case of the Forest Apartments a row of columns support balconies that wrap the entire perimeter of the building, giving four equal facades that address the landscape in every direction and giving each room access to the outside. Another row of columns support the interior perimeter of the building, while four walls and five shafts structure the floor plan to form an open and resilient building skeleton.Save this picture!© Antoine EspinasseauThe Pond House consists of a row of three terraced houses. The front facade forms part of the new square with the existing villa where a series of rectangular and round windows characterise the facade. Patios are set in behind the main facade to create private exterior spaces. These outdoor rooms defines the threshold to the shared landscape. Within the interior an enfilade of rooms gradually step down in response to the sloping landscape towards the pond. Save this picture!© Antoine EspinasseauThe aim was to create buildings with a clear underlying formal logic, that draw a contrast to the otherwise fascinating landscape, generous enough to be appropriated in different ways.Save this picture!© Antoine EspinasseauProject gallerySee allShow lessAntelia Citizen Forum / República PortatilSelected ProjectsPar House / CoA ArquitecturaSelected ProjectsProject locationAddress:Arnhem, The NetherlandsLocation to be used only as a reference. It could indicate city/country but not exact address. Share CopyHousing, Residential•Arnhem, The Netherlands Klingelbeek Buildings / Dyvik Kahlen Christopher Dyvik, Max Kahlen Area:  3200 m² Year Completion year of this architecture project Architects: Dyvik Kahlen Area Area of this architecture project Klingelbeek Buildings / Dyvik KahlenSave this projectSaveKlingelbeek Buildings / Dyvik KahlenSave this picture!© Antoine Espinasseau+ 40Curated by Paula Pintos Share The Netherlands Year:  CopyAbout this officeDyvik KahlenOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingBuildingsResidentialArnhemOn FacebookThe NetherlandsPublished on December 31, 2020Cite: “Klingelbeek Buildings / Dyvik Kahlen” 31 Dec 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save想阅读文章的中文版本吗?Klingelbeek 公园住宅群 / Dyvik Kahlen是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream “COPY” Housing ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/953888/klingelbeek-buildings-dyvik-kahlen Clipboard Photographs:  Antoine Espinasseau “COPY” Projects Photographs 2020last_img read more

Wall Street calls shots at DNC: Protests rock convention

first_imgTeresa Gutierrez with 2016 WWP Presidential Candidate Monica Moorehead and Vice Presidential Candidate Lamont Lilly at the Malcolm X and Dr. Betty Shabazz Center, the Audubon Ballroom, New York City.Teresa Gutierrez is campaign manager for the Workers World Party 2016 presidential election candidates and long-time immigrant rights activist.The two national conventions of the big business parties are over, and the final stage of the 2016 presidential elections has begun. In less than 100 days, either Hillary Rodham Clinton or Donald Trump will have been chosen the next president of the United States.Whoever wins, it will be a landmark. It could be the first woman president — or the first reality show demagogue. The election will assuredly go down in history as one marked by a deep economic crisis, accompanied by the rise of white supremacy and police terror.It also marks a rise of disenchantment with the parties of the ruling class. Whatever the outcome of the election, it bodes well for revolutionary struggles ahead.DNC: ‘Do Not Challenge, Do Note Cynicism’ The Democratic National Convention held in Philadelphia July 25-28 was fraught with spectacle. That can also be described as skillful, cynical manipulation.Both in the open and behind the scenes, struggles broke out around the massive and progressive support for candidate Bernie Sanders versus the long-time establishment and Wall Street support for Hillary Clinton.When Bernie Sanders, both in his state caucus and on the floor of the convention, announced his endorsement of Clinton, boos of disagreement followed. More than once, cameras panned the convention floor to show young people with tears streaming down their faces as they realized that Sanders’ political revolution had come full circle back into the folds of the Democratic Party.The protest by these forces on the floor was wonderful to see, in that it challenged, even if in a limited way, the status quo. Signs of “No TPP” were displayed vibrantly, shouts of “No war, No more drones” were reported throughout the convention. Speakers were interrupted repeatedly with these slogans as well as cries of “Bernie, Bernie, Bernie.”A highlight was when shouts of “No more war” greeted former Secretary of Defense Leon Panetta as he addressed the convention. (Ralph Nader blog, July 29) Other sites reported shouts of “Liar, liar.” Sectors of the anti-war movement were clearly at the convention.But at the end of it all, it was the corporate lobbyists, the establishment, the Pentagon and the Wall Street wing that prevailed.Image as party of working classThe Democratic Party has long been seen as the party of the working class. Unlike the Republican Party of modern times, its social base has indeed huge numbers of union members, women, youth and people of color.It is a progressive base, as it reflects the reality of the lives of workers. It is not unusual to see some of these Democrats at revolutionary events or demonstrations against war and racism or for higher wages.This base was visible not just on the convention floor but on the podium as well. Because of the strength of the progressive movement, especially in this period of the Black Lives Matter and the immigrant rights movements, representatives of these struggles were allowed to address the convention.It demonstrates Frederick Douglass’ creed: “Without struggle, there is no progress.”  And the Black community has definitely been in struggle.One of the most moving moments of the convention was Tuesday night, when nine African-American women whose children had been killed by police terror or racist vigilantes took the stage.The floor chanted “Black Lives Matter” at the presence of  mothers Wanda Johnson (Oscar Grant), Gwen Carr (Eric Garner), Lesley McFadden (Michael Brown), Sybrina Fulton (Trayvon Martin), Geneva Reed-Veal (Sandra Bland), Lucy McBath (Jordan Davis), Cleopatra Pendleton (Hadiya Pendleton), Maria Hamilton (Dontre Hamilton) and Annette Nance-Holt (Blair Holt).Trayvon Martin’s mother, Sybrina Fulton, stated, “This isn’t about being politically correct. … This is about saving our children. That’s why we’re here, tonight, with Hillary Clinton.”It should be pointed out that Tamir Rice’s mother, Samaria Rice, told Fusion earlier that no candidate is “speaking my language about police reform.”Alternet.net noted that Mothers of the Movement was Number Three of the 10 Top Moments of the DNC. Their top three, in fact, all had to do with women.Their Number One Top Moment was Clinton as she accepted the nomination to be the first woman president: “If there are any little girls out there … let me just say: I may become the first woman president, but one of you is next.”Number Two Top Moment was Michelle Obama’s exceptionally moving speech, which included: “That is the story of this country, the story that has brought me to this stage tonight, the story of generations of people who felt the lash of bondage, the shame of servitude, the sting of segregation, but who kept on striving and hoping and doing what needed to be done so that today I wake up every morning in a house that was built by slaves.”Other moments that reflected the struggle of the oppressed included actress Eva Longoria, who took a line right out of the movement for Chicano rights: “I didn’t cross the border, the border crossed me.”One might add that many an activist grimaced at this, for it occurred in the political party that represents the very same class forces that continue to rob and steal Mexico to this very day.Social base doesn’t call shotsHerein lies an example of the incredible cynicism manipulated in Philadelphia.While the social base of the Democratic Party reflects working people, the party does not reflect their class interests.While the struggle has forced the Democratic Party to co-opt some issues, the party nonetheless reflects the class that continues to exploit, bomb, deport and kill workers and oppressed here and around the globe.Who really called the shots at the convention? What really came out of it, despite all the platitudes mouthed regarding issues of the oppressed?The donors who were actually paying for much of the convention are anonymous. But it is not a mystery. While the convention floor rocked with chants, yells and much hyperbole, the real seat of power was elsewhere. The workers and oppressed might have thought they were making a difference challenging the Democratic Party inside the convention, but it was Wall Street that was still calling the shots.Executives from JPMorgan Chase, Johnson & Johnson and Verizon were just some of the many winers and diners in the very expensive hotel rooms throughout the city.The website Sunlight Foundation, a nonprofit organization that aims to make “government and politics more accountable and transparent,” reported, “The power some lobbyists hold over both parties … and the White House is well documented. But what’s not well documented is how lobbyists play a role in the Democratic Party’s nominating process.”The issue of super-delegates became key with regard to the Sanders movement. According to Sunlight, these delegates can support “whomever they choose and are not bound by any primary or caucus result,” adding, “some of the superdelegates also happen to be lobbyists for interests like big banks, payday lenders, health care insurers.”Notable lobbyist super-delegates included: “Donald L. Fowler, a former Democratic National Committee chair who was a registered lobbyist for the S.C. Credit Union; Joyce Brayboy, lobbyist for Goldman Sachs; Steve Grossman, a former president of the American Israel Public Affairs Committee (AIPAC); Andres Ramirez, super-delegate from Nevada.“According to disclosure documents from the Nevada legislature, as recently as 2015 Ramirez represented a company called Community Loans of America Inc., which is the parent company of several payday and title loan lenders” — a total vulture that feeds off workers in crisis.Sunlight concludes, “In short, [the super-delegates are] the embodiment of the institutional Democratic Party — everyone from former presidents, congressional leaders and big-money fundraisers to mayors, labor leaders and longtime local party functionaries. Nearly six-in-ten are men, close to two-thirds are white, and their average age (as best we could tell) is around 60.”Behind-the-scenes power brokeringIn a July 25 Los Angeles Times editorial titled “Who Pays for the Democratic Convention?” Nikil Saval writes that “if you try asking [former Philadelphia mayor] Ed Rendell where he got the money, he won’t tell. He treats [it] like a national security secret — despite a court order to the contrary. On June 14, the Pennsylvania Office of Open Records ruled that the host committee was required to disclose its list of donor records immediately, but it refused to comply.”All this behind-the-scenes power brokering has become a real lesson for the burgeoning youth movement and others around Sanders.The Democratic Party has been exposed as the party of the ruling class. No matter the bells and whistles, no matter the faces of people we respect and even love, such as the Mothers of the Movement, a big con game has been exposed.The millions who expected their voices to be heard through the Sanders movement were sold out by the lobbyists and the drone makers.Nonetheless, a movement has arisen. The reality and contradictions between the platitudes of the politicians and what is really going on in society will continue to erupt and play out. It is understood why a mother who has lost her child to police violence hopes that a woman Democrat can be more helpful than a hateful racist demagogue. It is understood why a teen whose parents could be deported at any moment continues to put hope in the party that has carried out more raids than any other. The devil you know appears safer than the devil who wants to build a wall.But many are now thinking about the need for a third option, which is one of the astounding outcomes of the DNC.This paper has often written that it does not matter who is in the White House, it matters who is in the streets. That remains true.  But support for a third candidate would be further proof of the growing disenchantment in this country. It would mean a further break of sectors of the working class from the bosses’ party, the Democratic Party, and that is a step forward for the struggle.That third candidate is Workers World Party’s revolutionary socialist, Monica Moorehead.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more