asterisk2a + 2014 + globalization   28

Civil servants will be banned from helping Brexit ministers, Cameron says - Politics live | Politics | The Guardian
He put Brexit on the table because it was popular and feared to lose votes to UKIP. Opportunist. Career Politician. Needs a script. And now is changing the script in order not to lose the plot. The public voting yes. // David Cameron has made it clear that civil servants will not be allowed to help ministers who want to make the case for Britain leaving the European Union. He set this out in a letter listing four rules that will apply to ministers who want to campaign for Brexit. [...] [ and makes clear what his cabinet and peers can vote on ] Ministers will only be free to dissent on the issue of staying in the EU or leaving. [...] Ministers who speak from the frontbench will be expected to support government policy. But “we need to be flexible and apply common sense”, Cameron said. [...] This implies that Outist ministers will not be allowed to make the case for leaving the EU from the Despatch Box. [ Meaning his Brexit-Op is a dickless stunt. ]
Brexit  general  election  2015  election  campaign  promises  David  Cameron  Tories  nasty  party  Conservative  Toff  Privileged  Establishment  Westminster  Career  Politicians  No  Representation  democracy  social  democracy  fearmongering  Fear  propaganda  populism  Theresa  May  imigrants  immigration  corporate  state  corporate  media  Daily  Mail  News  Corp.  newscorp  News  Corporation  manufactured  consent  Housing  Crisis  austerity  fairness  welfare  state  social  safety  net  Polarisation  Lügenpresse  far-right  Rechtsruck  European  2014  Manifesto  recovery  Precariat  precarious  work  globalization  globalisation  neoliberalism  neoliberal  bank  bailout  GFC  squeezed  middle  class  working  poor  wage  growth  wage  stagnation  income  growth  low  income  secular  stagnation  western  world 
january 2016 by asterisk2a
BBC Three - We Want Our Country Back
[ manipulation, set-up, ... to get the content for their motive, agenda ] //&! http://www.theguardian.com/world/far-right+france //&! http://www.theguardian.com/world/far-right+austria &! http://www.theguardian.com/world/far-right+germany //&! Swiss elections: anti-immigration SVP party heading for record victory - bit.ly/1Lw0NOh //&! Es wird für alle enger“ - Interview In ihrem neuen Buch „Ausgrenzungen“ fragt die US-Soziologin Saskia Sassen, wie Menschen heute unterdrückt und entrechtet werden. Es trifft auch die Mittelschichten. - bit.ly/1OD0Huf
Rechtsruck  far-right  politics  AfD  NPD  Germany  France  UK  European  Election  2014  symptom  Le  Pen  Front  National  Austria  FPÖ  PEGIDA  Religion  Polarisation  populism  propaganda  Nationalism  corporate  media  corporate  state  manufactured  consent  Social  Sharia  Law  Muslim  Rechtsextremismus  Neo-Nazi  Neonazi  Nazi  Christianity  islamic  radicalism  radicalism  extremism  Islamophobic  Islamophobia  Positioning  spin  doctor  PR  manipulation  Sozialpolitik  integration  human  progress  western  world  Gini  coefficient  inequality  Super  Rich  1%  book  Sozialer  Abstieg  squeezed  middle  class  precarious  work  Precariat  working  poor  identification  identity  job  security  globalization  globalisation  insecurity  post-racial  America  immigration  migration  racism  racial  segregation  racial  discrimination  racial  profiling  Jim  Crow  Wertegesellschaft  Gesellschaft  western  society  Niall  Ferguson  secular  stagnation  class  warfare  fascism  Burka  Hijab  disenfranchise  disenfranchised 
october 2015 by asterisk2a
John Ralston Saul: Moving Beyond Globalism - YouTube
Deregulators & the people behind intellectual cleansing (ie Larry Summers vs Elizabeth Warren back in deregulation time of Clinton&Bush No. 2), have to be held responsible; economic thought; model, thinking, trickle-down, globalisation, no oversight & consumer protection // capitalism & globalisation are not self limiting // GFC is a symptom, Oil crisis in 70/80s, dot.com, world com, enron // globalisation (trade) doesnt solve growth problem // London banking is soufflé with no hard items (no real wealth creation within economy (income growth)) // shift money to who will spend it (re:bailout) // banks & rootless tax evaders global corps have no shared economic interest // "the globalist model" will work everywhere else, according to the IMF/World Bank, democracy will work in the Middle East. said the same people from the same school of thought // globalisation created oligopolies, not more competition! // climate change=investment w ROI // AfD=symptom // added value, no comp on price
GFC  recovery  Wall  Street  crony  capitalism  corporate  culture  corporate  governance  corporatism  trickle-down  economics  globalisation  globalization  economic  model  economic-thought  economic  history  economic  cycle  economic  growth  income  growth  Super  Rich  1%  Gini  coefficient  western  world  No  Representation  Career  Politicians  bailout  gesellschaft  social  tension  social  cohesion  Bank  IMF  austerity  neoliberal  neoliberalism  neoconservatism  neoconservatives  duopoly  oligarchy  oligopoly  oligopol  policy  folly  policy  error  Makers  lobbyist  lobby  Lobbying  revolving  door  populism  propaganda  AfD  UKIP  Protest  Partei  Protest  Party  European  Election  2014  society  Debt  Super  bubble  bond  bubble  jubilee  restructuring  haircut  sovereign  crisis  monetisation  monetization  consumer  household  debtoverhang  private  public  Fiscal  Pact  Schuldenbremse  Angela  Merkel  Wolfgang  Schäuble  intellectual  honesty  climate  change  pollution  value  creation  added  value  middle  class  income  distribution  disposable  income  income  mobility  social  mobility  education  policy  vocational  education  practical  skills  practical  skill  set  differentiate  differentiation 
may 2015 by asterisk2a
Osborne warning to 'sleepwalking' Europe - BBC News
annual CBI dinner // 'its about competing with the global economy' which means you have to deregulate, skip consume protection, allow zombie banks to run themselves hot to the tune of billions for a bailout, [also EU watch do has an eye on unfair subsidies] ... a competition for price. there is no winner. its a zero sum game. but not for wall street. Wall Street shareholders are the winners. And everyone else is a looser. No shared economic interest. Brexit is easy way out, the quickest and with short-term view only. The future is about being remarkable. The Purple Cow (Seth Godin). Differentiation in a flat world of borderless competition. UK ended up here because of UKIP. Why UKIP? UKIP is a Protest Party (opportunistic in itself and for those disenfranchised voters). See European Election 2014 results. A symptom of short-term view policy folly by Career Politicians who do not represent the common good nor make policy decisions base on shared economic interest.
George  Osborne  lobbyist  lobby  Lobbying  Europe  deregulation  regulation  regulators  self-regulation  Conservative  Party  Brexit  David  Cameron  crony  capitalism  exploitation  No  Representation  Wall  Street  sustainable  sustainability  democracy  Consumer  Protection  bailout  zombie  banks  subsidies  subsidizing  shareholder  value  profit  maximisation  globalisation  globalization  competitiveness  competitive  competition  differentiate  differentiation  borderless  flat  world  Industrial  Revolution  2.0  Future  of  Work  Mobile  Creatives  Mobile  Creative  Career  Politicians  UKIP  political  economy  European  Election  2014  Protest  Partei  Protest  Party  short-term  thinking  short-term  view  policy  error  policy  folly  economic  history  neoliberal  neoliberalism  legitimacy  disenfranchise  disenfranchised  SNP  austerity  fiscal  policy 
may 2015 by asterisk2a
Lobo-Kolumne: Pseudoskepsis zweifelt an allem außer an sich selbst - SPIEGEL ONLINE
Symptoms to a greater arch that is happening - a global leveling of the playing field ... Reaktion auf die zunehmende Komplexität der Welt // Junk Food in form of constant bad news - bc News Room is 24/7 Rocky horror show - bc of Pageviews business model.
Lügenpresse  PEGIDA  AfD  Protest  Party  Protest  Partei  UKIP  complexity  globalisation  globalization  No  Representation  Career  Politicians  borderless  uncertainty  insecurity  hartz-iv  social  safety  net  Universal  Basic  Income  Software  Is  Eating  The  World  protectionism  GFC  Bailout  Robotics  automation  algorithm  unintended  consequences  Lobbying  lobbyist  lobby  revolving  door  transparency  accountability  Political  Governance  corporate  Soziale  Marktwirtschaft  ethical  machine  abuse  of  power  Super  Rich  1%  squeezed  middle  class  Proletariat  working  poor  Precariat  precarious  work  society  social  cohesion  Europe  USA  UK  Asia  Africa  East  instability  Latin  America  Germany  European  Election  2014  France 
february 2015 by asterisk2a
Revealed: how coalition has helped rich by hitting poor | Politics | The Observer
"We are all in this together." [...] &!&!&! http://www.spiegel.de/international/zeitgeist/hilary-mantel-in-an-interview-with-spiegel-on-the-britain-of-today-a-1002263.html "Interview with Hilary Mantel: 'What's Happening in Britain at the Moment Is Really Ugly'" Hilary Mantel's historical novels are celebrated in Britain, but her critiques of the establishment are widely feared. In a SPIEGEL interview, she says her country is retreating into insularity and to attitudes prevalent in Victorian times. [...] It's a retreat into insularity, into a mood of harshness. When people feel they're being mistreated, they lash out against people who are weaker than themselves, immigrants for example. What's happening here at the moment is really ugly. The government portrays poor and unfortunate people as being morally defective. This is a return to the thinking of the Victorians. Even in the 16th century, Thomas Cromwell was trying to tell people that a thriving economy has casualties [...]
austerity  working  poor  squeezed  middle  class  Precariat  precarious  work  Prekariat  UK  George  Osborne  fiscal  policy  monetary  policy  tax  free  income  tax  evasion  tax  avoidance  Super  Rich  1%  Gini  coefficient  income  inequality  disposable  income  income  mobility  social  mobility  downward  mobility  zombie  consumer  David  Cameron  welfare  state  child  poverty  poverty  in  old  age  poverty  food  poverty  fuel  poverty  Gerechtigkeit  fairness  GFC  recovery  Bailout  monarchy  UKIP  European  Election  2014  globalization  globalisation  flat  world  Software  Is  Eating  The  Future  of  competitive  competitiveness  Mobile  Creative  Mobile  Creatives  Niedriglohn  Niedriglohnsektor  Lohnzurückhaltung  minimum  wage  coldprogression  kalte  Progression  lohndumping  mindestlohn  AfD  Rechtsruck  uncertainty 
november 2014 by asterisk2a
Capitalism in Crisis Amid Slow Growth and Growing Inequality - SPIEGEL ONLINE
Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself? [...] The buzzword is "inclusion" and it refers to a trait that Western industrialized nations seem to be on the verge of losing: the ability to allow as many layers of society as possible to benefit from economic advancement and participate in political life. & http://youtu.be/hPPBYNKmuWc?t=3m52s IMF talking about over 70% of EU banks are Zombie Banks.
Japan  economic  history  GFC  recovery  greatrecession  2014  secular  stagnation  faultlines  Abenomics  Richard  Koo  structural  imbalance  global  imbalances  Impediments  structural  deficit  liquidity  trap  globalisation  globalization  flat  world  Gini  coefficient  social  cohesion  income  inequality  income  mobility  social  mobility  downward  mobility  disposable  income  academia  academics  fiscal  policy  monetary  policy  debtoverhang  Debt  Super  Cycle  sovereign  crisis  deleveraging  NPL  zombie  banks  business  investment  consumer  confidence  business  confidence  balance  sheet  recession  creditcrunch  Wall  Street  crony  capitalism  excess  Bailout  toobigtofail  TBTF  too  big  to  jail  unintended  consequences  equity  bubble  asset  bubble  ZIRP  NIRP  QE  OMT  TARP  LTRO  TLTRO  Funding  for  Lending  Scheme  IMF  BIS  Europe  UK  USA 
october 2014 by asterisk2a
Empire - The Promise and Peril of Democracy - Web Extra - Empire asks why democracy is in retreat - YouTube
symptoms now more evident than ever!
transparency  Democratic  Process  democracy  accountability  Career  Politicians  short-term  thinking  short-term  view  political  science  populism  propaganda  dogma  demagogy  demagogue  Europe  Nationalism  protectionism  capitalism  crony  capitalism  bribery  corruption  Lobbying  lobbyist  lobby  GFC  corporatism  Wall  Street  No  Representation  revolving  door  Policy  Makers  error  folly  Philosophy  Super  Rich  1%  tax  evasion  tax  avoidance  fairness  Gerechtigkeit  oversight  excess  European  History  Great  Depression  exploitation  squeezed  middle  class  working  poor  Future  of  Work  Mobile  Creative  Mobile  Creatives  flat  world  globalization  globalisation  deregulation  Gini  coefficient  inequality  income  inequality  social  mobility  income  mobility  tax  code  capital  gains  economic  Thomas  Piketty  social  cohesion  Protest  Partei  Protest  Party  European  Election  2014  austerity  toobigtofail  TBTF  too  big  to  jail  bailout  IMF  OECD  shareholder  value  profit  maximisation  Industrial  Revolution  2.0  uncertainty  self-employment  Zero  Hour  Contract  contractor  precarious  Precariat  working  class  Blue-collar  Worker  White-collar  Worker  Niedriglohnsektor  Niedriglohn  living  wage  wage  mi 
october 2014 by asterisk2a
Not that negative after all - YouTube
- nbdy is taking up the money to invest in his business (increase capacity, R&D, etc etc), becs there is no demand ... what is holding up the western world is the service economy - especially in UK and USA! - and then there is one particular structural impediment in Germany et al, demographic bubble.
monetary  stimulus  monetary  policy  unconventional  monetary  policy  ECB  negative  real  interest  rate  NIRP  ZIRP  QE  TLTRO  OMT  ABS  LTRO  liquidity  trap  monetary  transmission  mechanism  business  investment  infrastructure  investment  trust  trustagent  confidence  creditcrunch  economic  history  Europe  faultlines  Structural  Impediments  deficit  imbalance  debtoverhang  deleveraging  balance  sheet  recession  PIGS  flat  world  globalization  globalisation  Exportweltmeister  Germany  BuBa  austerity  IMF  stagflation  secular  stagnation  Debt  Super  Cycle  sovereign  crisis  zombie  banks  distortion  business  business  confidence  BRIC  MINT  USA  UK  MarioDraghi  Demand  Shock  Supply  and  Demand  Demand  and  Supply  industrial  policy  manufacturing  Services  Industry  service  economy  service  recovery  GFC  2014  consumer  confidence  output  gap  productivity 
september 2014 by asterisk2a
Jürgen Trittin: Plädoyer für linke Reformen - SPIEGEL ONLINE
Heute ist es für viele Menschen, gerade wirtschaftlich Schwächere, schwer geworden, dem Begriff "Reform" etwas Gutes abzugewinnen. Viel zu oft war Reform ein Synonym für sozialen Rückschritt & Ausschluss aus der Gesellschaft. Reform heute ist neoliberal aufgeladen, es steht für Deregulierung, für weniger Sicherheit, mehr Armutsrisiko & weniger Demokratie. Diese reale Erfahrung hat die Angst vor Veränderung erhöht. So haben Konservative leichtes Spiel. Das Bittere ist: Für diese Diskreditierung von Veränderung, für die Umdeutung von Reform sind auch Regierungen der linken Mitte mitverantwortlich. Links reden, rechts wählen - das ist keine deutsche Marotte. Als Folge der Finanzkrise wurden in Europa erst einmal reihenweise konservative & wirtschaftsliberale Regierungen gewählt. Gerade dort, wo die Krise wirklich zugeschlagen hat, zeigte sich wieder einmal: Krisen sind keine guten Zeiten für eine Politik der linken Mitte. [GroKo: Das allermeiste bleibt, wie es ist.] youtu.be/yAmiQJYqjxM
Germany  neoliberal  neoliberalism  economic  history  AfD  liberal  economic  reform  Zeitarbeit  Niedriglohn  Niedriglohnsektor  hartz-iv  Minijob  1  Euro  Job  Agenda  2010  underemployed  working  poor  squeezed  middle  class  structural  unemployment  child  poverty  poverty  in  old  age  poverty  Gini  coefficient  inequality  income  inequality  Kinderbetreuung  crony  capitalism  Bailout  No  Representation  Career  Politicians  GFC  deregulation  security  fairness  book  Gerechtigkeit  pollution  resource  depletion  climate  change  insecurity  unsertainty  immigration  imigrants  Zivilgesellschaft  Politics  GroKo  Angela  Merkel  2014  capitalism  Lobbying  lobbyist  lobby  compromise  European  Election  2014  UKIP  FPÖ  Austria  Switzerland  tax  avoidance  tax  evasion  Elite  Super  Rich  Privileged  society  Europe  flat  world  globalization  globalisation  competitive  advantage  competitiveness  Competition  competitive  comparative  advantage  BRIC  MINT 
september 2014 by asterisk2a
Monitor - Nationalistische Kleingeister So viel 19. Jahrhundert...
Klar: Wohlstandsversprechen allein werden es nicht richten. Erst wenn die Benachteiligten spüren, dass sie aufschließen können und wenn wir Profiteure wirklich bereit sind zu teilen, wird der europäische Gedanke die nationalistischen Kleingeister wieder in ihre Flaschen zurück drängen. Ein frommer Wunsch? Mag sein. Aber was wäre die Alternative? + !!! + Jon Snow from Channel4 in Response to apparent NO Vote Campaign Win - "The scale of YES and NO participation in Scotland's referendum sends a powerful message to westminster: Address the UK's democratic deficit." ( https://twitter.com/jonsnowC4/status/512821896484630529 )
European  Election  2014  UKIP  AfD  NPD  No  Representation  social  mobility  Bailout  income  mobility  Public  Policy  fairness  accountability  oversight  transparency  Policy  Makers  Career  Politicians  Toff  Establishment  Elite  Europe  Germany  UK  Democratic  Process  democracy  France  communication  language  inequality  Gini  coefficient  education  fiscal  monetary  economic  history  extremism  radicalism  Politics  crony  capitalism  exploitation  flat  world  globalisation  globalization  competitive  poverty  babyboomers  poverty  in  old  age  child  poverty  disenfranchise  disenfranchised  Scottish  independence  referendum  Scottish  Scotland  disillusionment  authentic  authenticity  participation  rate  participation 
september 2014 by asterisk2a
Wirtschaftskrise: Deutsche Wirtschaft mit starkem Export ist anfällig - SPIEGEL ONLINE
Typischerweise produzieren dominante ökonomische Narrative zuerst Illusionen und dann große Probleme. Wo eine Geschichte von Marktteilnehmern, Regulierern und Beobachtern vorbehaltlos akzeptiert wird, ist der Boden bereitet für Irrtümer, die uns am Ende Kopf und Kragen kosten können, wie ich meinem neuen Buch argumentiere. >> Die Politik des billigen Geldes verzerrt die Wirtschaftsstrukturen .... - die deutsche Wirtschaft unterfinanziert & Dass die Politik des ultrabilligen Geldes die Wirtschaftsstrukturen verzerrt, auch hierzulande. [CreditCrunch/transmission mechanism broken/hunt for yield/betongold/no-investments] +++ die Digitalisierung auch die produktionslastige deutsche Wirtschaft fundamental durcheinanderwirbeln wird. [Year of Code/Education Policy/Human Capital - high ed imigrants/Mobile Creatives/Share Economy] +++ Spiegel 37/2014 "Deutschland der Scheinriese" Cover Story
GFC  bubble  property  bubble  bubbles  economic  history  economics  society  storytelling  narrative  journalism  journalismus  PIGS  UK  USA  Germany  Exportweltmeister  flat  world  globalisation  globalization  exports  export  Europe  Structural  Impediments  imbalance  faultlines  competitiveness  competitive  competitive  advantage  comparative  advantage  2014  Career  Politicians  short-term  thinking  short-term  view  long-term  thinking  long-term  view  Policy  Makers  error  folly  trust  trustagent  confidence  accountability  ZIRP  NIRP  QE  ECB  monetary  fiscal  LTRO  OMT  ABS  unconventional  monetary  monetary  transmission  mechanism  business  investment  infrastructure  investment  distortion  Wall  Street  centralbanks  IMF  IBS  liquidity  trap  creditcrunch  unintended  consequences  complexity  unknown  unkown  unknown  unknowns  blackswan  Black  Swan  Betongold  Beton  Gold  Future  of  Work  Mobile  Creative  Mobile  Creatives  Year  of  Code  education  Public  Policy  hunt  for  yield  human  capital  immigration  demographics  demographic  bubble  demography 
september 2014 by asterisk2a
Stephanie Hare on the UK economy - Newsnight - YouTube
>> how many jobs have been lost regarding to banking in london and adjoining businesses ... thousands. thousands of hours of productivity gone (high charges for the hours). forever. = productivity and output gap || and how many times had osborne now moved forward expected savings and targets in time ... every year. || it will not get better as they travel (still) on the same path that leads to nowhere safe. still heading to the cliff. same direction. same speed.
secular  stagnation  flat  world  UK  living  standard  cost  of  living  wage  stagnation  minimum  wage  living  wage  working  poor  squeezed  middle  class  exploitation  wages  productivity  output  gap  Mobile  Creative  Mobile  Creatives  service  economy  service  industry  Services  economics  economic  history  academia  academics  BOE  fiscal  policy  monetary  policy  Mark  Carney  Public  knowledge  worker  workless  underemployed  employment  Politics  recovery  London  Structural  Impediments  deficit  imbalance  faultlines  Europe  GFC  greatrecession  2014  ZIRP  NIRP  QE  unknown  unknowns  unintended  consequences  complexity  incomplete  information  low-income  working  class  workforce  education  policy  White-collar  Future  of  Work  flexible  Zero  Hour  Contract  Blue-collar  behavioral  economics  corporatism  capitalism  globalisation  globalization  Debt  Super  Cycle  deleveraging  debtoverhang  balance  sheet  recession  sovereign  crisis  austerity  David  Cameron  George  Osborne  consumer  infrastructure  investment  infrastructure  hunt  for  yield  property  bubble  housing  market  bubble  policy  folly  policy  error  Career  Politicians  Toff  lost  decade  lost  generation  stagnation 
august 2014 by asterisk2a
The Rise Of Europe's Religious Right
For the most part, though, issues dear to social conservatives were a side issue in elections driven heavily by economic frustration. [...] The suddenness with which social conservatives became a force in Brussels has many progressives speculating that they are the creations of American social conservatives seeking to “export the culture wars.” [...] Today, American ties seem much more about a shared vision to build a global conservative movement rather than leaning on stronger and wealthier U.S. partners for support. // http://www.salon.com/2014/02/28/the_dying_right_why_christian_fundamentalists_are_in_panic_mode_partner/ || Pro Progressive - the hard things are hard bc they are worth doing it. It's easy to turn ones back. But its hard to hold your face into the storm that is brewing. Holding onto status quo is not worth the struggle, it is a futile short-term view - as the status quo is not sustainable.
No  Representation  Career  Politicians  Democratic  Process  democracy  European  Election  2014  UKIP  UK  France  European  Parliament  working  poor  squeezed  middle  class  underemployed  structural  unemployment  long-term  unemployment  youth  unemployment  unemployment  living  standard  cost  of  living  quality  of  life  income  mobility  social  mobility  Toff  meritocratic  meritocracy  policy  error  policy  folly  Makers  Politics  GFC  faultlines  global  imbalances  structural  imbalance  Tea  Party  Religion  Germany  liberal  economic  reform  sovereign  debt  crisis  Super  Cycle  uncertainty  immigration  globalisation  globalization  flat  world  Future  of  Work  skill-biased  technological  change  Mobile  Creative  Mobile  Creatives  security  financial  security  well-being  neoconservatives  neoconservatism  radicalism  extremism  conservative  Religious  Far-Right  Christianity  Christian  Fundamentalists  LGBT  reproductive  rights  abortion  gay  marriage  gaymarriage  gay  rights  gayrights  Angela  Merkel  CDU  CSU  National  Front  Brussels  human  progress  progressive  human  tragedy  unintended  consequences  unknown  unknowns  complexity  secular  stagnation  wage  stagnation  stagnation  babyboomers  generationy  Millennials  society  civic  society  civic  life  society  society  error  folly 
july 2014 by asterisk2a
Henrik Müller über Wirtschaftswachstum 2014: Die Pessimisten sind los - SPIEGEL ONLINE
GDP  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  2014  economic  history  digital  economy  happiness  index  Mobile  Creative  Mobile  Creatives  knowledge  worker  knowledge  economy  Age  digital  artist  digital  content  content  creator  New  academia  academics  Wikipedia  freemium  balance  sheet  recession  liquidity  trap  hunt  for  yield  ZIRP  QE  NIRP  deflation  deflationary  lost  generation  lost  decade  Year  of  Code  White-collar  Blue-collar  hybrid  work  workless  6-hour  work  day  workforce  working  poor  squeezed  middle  class  productivity  output  gap  Silicon  Valley  education  policy  practical  skills  practical  skill  set  disposable  income  leisure  time  Robert  Skidelsky  volunteering  volunteer  maximisation  of  happiness  Jack  of  All  Trades  Future  Future  of  book  Tim  Ferriss  work  life  balance  worklife  underemployed  self-employment  freelance  freelancing  complexity  unknown  unknowns  GFC  greatdepression  greatrecession  Europe  UK  USA  PIGS  debtoverhang  sovereign  debt  crisis  Richard  Koo  Super  Cycle  debt  monetization  debt  monetisation  debt  bubble  debt  jubilee  Japan  BOE  Fed  ECB  Open  Source  Linux  GitHub  BOJ  sharing  economy  less  more  zeitgeist  generational  change  Millennials  generationy  Consumerism  digital  digital  consume 
july 2014 by asterisk2a
Is This What A Bursting Bubble Looks Like? - YouTube
- bear market, not a 2008/09 decline, more like a lost decade of little productivity growth and very very slow closing of the still existing output gap. - companies benefit form technological progress (accelerating); get more done with less people. +++ https://www.facebook.com/PeterSchiff/posts/10154276062445062
asset  bubble  hunt  for  yield  unintended  consequences  ZIRP  QE  liquidity  trap  NIRP  unconventional  monetary  policy  monetary  policy  Fed  ECB  BOE  BOJ  GFC  recovery  greatdepression  greatrecession  2014  lost  decade  productivity  output  gap  G20  G  Zero  G8  Europe  USA  UK  complexity  unknown  unknowns  Taper  deflation  deflationary  globalisation  globalization  flat  world  working  poor  squeezed  middle  class  middle  class  skill-biased  technological  change  technological  progress  knowledge  worker  knowledge  economy  economic  history  history  faultlines  Structural  Impediments  unemployment  deficit  imbalance  global  imbalances  sovereign  debt  crisis  Super  Cycle  debt  bubble  debt  jubilee  debt  monetization  debt  monetisation  default  demographic  bubble  speculative  bubbles  signal  vs  noise  noise  dysfunctional  marketplace  efficiencies  market  dynamics  market  intervention  financial  market  market  failure  market-failure  lost  generation  lostdecade  lostgeneration  currency  debasement  fiat  currency  fiat  money 
july 2014 by asterisk2a
Bank of England’s 'slack' approach leaves economy at risk - Telegraph
There were 115,000 UK housing completions in 2013, almost a record peacetime low, compared with the 240,000 new homes needed each year just to meet the rise in household numbers hard-wired into our demography. This disgraceful shortage, and the government’s now long-past-its-sell-by-date Help-to-Buy scheme, is the reason prices are up 9.1pc across the UK over the last year and 17.1pc higher in London. And where house price inflation goes, economy-wide inflation eventually follows. While agreeing with Carney’s house-building analysis, I don’t agree the Bank can’t do more to rein in a market now in danger of spiralling out of control. [...] [A] development we’ll live to regret. +++ IMF warns UK government over housing bubble risk --- http://www.bbc.co.uk/news/business-27731567 +++ PRODUCTIVITY REMAINS WEAK. << skill-biased technological change, capital skills, skill, skills, knowledge worker, White-collar Worker, Blue-collar Worker, workforce, Mobile Creative, Mobile Creatives,
property  bubble  asset  bubble  hunt  for  yield  Help  to  Buy  Scheme  Funding  for  Lending  Scheme  Mark  Carney  BOE  macroprudential  policy  macroeconomic  policy  microeconomic  policy  monetary  policy  monetary  stimulus  fiscal  policy  GeorgeOsborne  David  Cameron  George  Osborne  2014  2015  general  election  2015  UK  unintended  consequences  unknown  unknowns  IMF  Structural  Impediments  imbalance  Supply  and  Demand  Demand  and  Supply  productivity  skill-biased  technological  change  capital  skills  skill  skills  knowledge  worker  White-collar  Blue-collar  workforce  Mobile  Creative  Mobile  Creatives  globalisation  globalization  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  World  Flat  competitive  advantage  competitive  competitiveness  comparative-advantage  comparative  advantage  Year  of  Code  practical  skill  set  practical  skills 
june 2014 by asterisk2a
BBC News - UK unemployment total falls to 2.16m, wage inflation to remain low
[threat of wage inflation spiral far off because of multiple underlying factors not allowing it measured wholly across the uk (taking the other country called london out of the picture)] - "Weak pay growth and the 'cost of living crisis' remains the Achilles heel of the economic recovery," said Chris Williamson, chief economist at Markit. "But it should not be long until we see earnings growth accelerate as the labour market continues to tighten. Pay growth should pick up in coming months, perhaps significantly." +++ http://www.telegraph.co.uk/finance/10838393/Bank-of-Englands-slack-approach-leaves-economy-at-risk.html +++ http://www.economist.com/blogs/freeexchange/2014/03/monetary-policy-0 +++ http://youtu.be/fvTdWWUkUNM?t=2m10s
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june 2014 by asterisk2a
BBC News - When will the UK pay its way in the world?
In absolute terms it has been impossible for UK debts to fall. >> Now what was a little worrying was that the deficit on the current account reached 5.6% of GDP, or economic output, in the third quarter of 2013 and fell to just a little bit lower, 5.4%, in the fourth quarter. That 5.6% was - ahem - something of a milestone: it was the biggest quarterly deficit since records began in 1955. And it explains why the record aggregate indebtedness of the UK has been falling so slowly, and is still not much below 500% of GDP on the Mckinsey measure (though see my previous blog). [...] UK's - limp trading performance - for YEARS! ... COMPETING against BRICs, Europe, G8, ... now and in the future competing with MINT countries too ( http://en.wikipedia.org/wiki/MINT_countries ). [...] "We have not got forever to reconstruct our economy and become a bit more like the European export emperor, Germany."
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may 2014 by asterisk2a
oftwominds-Charles Hugh Smith: The Changing Nature of Middle Class Work
The economy is changing in structural ways that affect not just the job market but the nature of work itself. If we ask, what is work?, the conventional answer is tasks that somebody will pay us to do. This is true, but it doesn't address why someone is willing to pay us. The answer is to create value. ... [ Skills, not Expertise. ] ...... As technology's ability to replace costly human labor moves from the factory floor to the service sector, the nature of middle class work is changing. [ IBM's company wide Pivot over +10 years from HW to Services and Software Company. With the accompanying downsizing. ] ... Jobs that can be learned in a few hours are prone to being replaced by machines. [...] The protected sectors beset by soaring costs (healthcare, higher education, major weaponry programs, finance, etc.) will undergo the creative destruction of technology-based productivity gains for the reason that they are already unaffordable, not just to households but to the nation.
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may 2014 by asterisk2a

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