asterisk2a + hour   204

Sports Direct and its staffing agencies paid workers £1m too little | Business | The Guardian
HM Revenue & Customs said this policy amounted to a uniform and a deduction from pay to cover the clothing took pay below the legal minimum. Primark has since introduced a more flexible policy and provides some clothing free.

A Primark spokesperson said: “The average amount paid back per employee was £23.75 and relates to a workwear policy that was changed in 2016.”
minimum  wage  working  poor  exploitation  Capitalism  neoliberal  policy  neoliberalism  workers  trade  union  HMRC  tax  evasion  avoidance  poverty  trap  zero  hour  contract  part-time  taxcredit  self-employment  Precariat  No  Representation  income  growth  social  mobility  discretionary  spending  disposable 
december 2017 by asterisk2a
UK's low pay culture traps people in poorly paid jobs, study finds | Society | The Guardian
http://www.bbc.co.uk/news/business-41669991 - high tech, low life. // in-work poverty, gini coefficient takes into account pensioners. // “Britain has one of the highest proportions of low-paid work in the developed world. And while three-quarters of low-paid workers did manage to move into higher-paying roles at some point over the past decade, the vast majority couldn’t sustain that progress. This lack of pay progress can have a huge scarring effect on people’s lifetime living standards. [...] “Britain’s flexible workforce gives us global economic advantage but a two-tier labour market is now exacting too high a social price.
OECD  poverty  trap  social  income  mobility  Precariat  class  UK  zero  hour  contracts  part-time  Exploitation  neoliberalism  workers  trade  union  rights  skills  skill  gap  Productivity  output  London  economic  history  recovery  GFC  underinvestment  stagflation  secular  stagnation  Austerity  education  inequality  tax  credit  taxcredit  gini  Coefficient  standard  of  living  Brexit  inflation  disposable  discretionary  spending  debt  household  child  profit  maximisation  competitiveness  IMF 
october 2017 by asterisk2a
Falling unemployment is great for the economy? Try telling cleaners like Irene | Stefan Baskerville | Opinion | The Guardian
While UK unemployment fell by 75,000 in the three months to July, bringing the jobless rate down to 4.3%, these figures disguise a disturbing trend in the British labour market – one of falling wages, rising insecurity and false self-employment. At the New Economics Foundation, we carried out research that shows two in every five people employed in the UK are in “bad jobs” – work that doesn’t provide a secure, living wage.
UK  working  poor  Precariat  Austerity  Self-Employment  zero  hour  contract  part-time  child  credit  tax  insecurity  job  Productivity  underinvestment  skill  gap  disposable  income  discretionary  spending  consumer  debt  household  zero-hour  on-demand  profit  maximisation  living  standard  wage  growth  inflation  secular  stagnation  GFC  recovery  poverty  trap  Deprivation  mental  health  chronic  stress 
september 2017 by asterisk2a
Linken-Wahlkampf: Wagenknechts Attacke auf Rot-Rot-Grün | ZEIT ONLINE
Ein Fünftel der Menschen arbeite im Niedriglohnsektor, Millionen Rentner seien von Armut bedroht, rechnet Wagenknecht vor und zitiert Wirtschaftsforscher, denen zufolge 40 Prozent der Erwerbstätigen heute weniger als Ende der 1990er Jahre verdienen würden. "Das ist doch ein Armutszeugnis für die ganze Politik", sagt die Spitzenkandidatin. Wenn Kanzlerin Angela Merkel (CDU) behaupte, Deutschland gehe es gut, kenne sie die Lebensrealität nicht.
BTW2017  Die  Linke  Germany  Precariat  working  poor  minimum  wage  Mindestlohn  inflation  living  standard  disposable  income  discretionary  spending  Agenda2010  neoliberal  neoliberalism  Leiharbeit  Zeitarbeit  zero  hour  contract  ZHC  poverty  trap  Kinderarmut  Altersarmut  Angela  Merkel  GroKo 
june 2017 by asterisk2a
Positive Psychologie - Warum Wohlbefinden wichtig für Leistung ist
Für die Definition von Leistung spielt Wohlbefinden bisher kaum eine Rolle. Die Psychologin Michaela Brohm-Badry plädiert für ein Umdenken: Nur wenn das Wohlbefinden des Menschen berücksichtigt würde, könnten Menschen ihr volles Potenzial entfalten. // wer depressed muede erschoepft und ohne alternative ist - gezwungen zu horchen - weil er am ende kein 100£ aufm konto hat - kann keine revolution anfangen oder an der revolution mitmachen. Byung-Chul Han - In Fatigue Society (original German title: Die Müdigkeitsgesellschaft)
Happiness  index  Gini  Coefficient  social  income  mobility  poverty  trap  working  poor  productivity  output  gap  sick  days  mental  health  well  being  UBI  Universal  Basic  Existenzangst  Hartz-IV  JSA  sanctions  Sanktionen  DWP  underemployed  zero  hour  contract  Leiharbeit  Zeitarbeit  leisure  time  Skidelsky  enlightenment  post-enlightenment  Facebook  Instagram  Media  burnout  FOMO  YOLO  YouTube  Selbstdarstellung  Selbstfürsorge  deprivation  attainment  education  policy  Selbstentfaltung  Food  Bank  FoodBank  living  standard  Consumerism  Consumer  Materialism  Materialismus  Kapitalismus  capitalism  neoliberal  neoliberalism  Philosophy  Sociology  Alain  de  Botton  exploitation  Precariat  democracy  no  Representation  book  Müdigkeitsgesellschaft  GE2017  Jeremy  Corbyn  Bernie  Sanders  Revolution 
june 2017 by asterisk2a
93% Of All Jobs "Created" Since 2008 Were Added Through The Birth/Death Model | Zero Hedge
Here are the details of how over 90% of the jobs created in the past decade were nothing more than a "statistical" adjustment in some BLS model. [...] Furthermore, self-employed persons as a percentage of the working age population and the number of jobs created by establishments less than one year old are also declining. [...] the multi-decade slowdown in new business formation. Further supporting the Harvard study findings, a Brookings Institution paper called “Declining business dynamism in the United States: a look at states and metros” shows that business formations slowed down and business deaths accelerated after the crisis of 2008 (below to the right). (( THE LOW HANGING FRUITS OF INNOVATION HAVE BEEN PLUCKED! + ECON WINNER TAKES ALL = COMPETITION ON PRICE )) [...] The Bureau of Labor Statistics (BLS) seems to be alone in its belief that the entrepreneurial environment in the US is improving. We believe that the BLS has been artificially inflating the monthly payroll numbers via the birth and death adjustment. This overstatement is not trivial in nature – the adjustment added 30% of all jobs reported since 2010.
secular  stagnation  structural  underemployed  unemployment  UK  USA  immigration  working  poor  part-time  zero  hour  contract  economic  history  Precariat  DonaldTrump  Donald  Trump  Brexit  GFC  recovery  innovation  winner  takes  all  oligopol  oligopoly  monopoly  self-regulation  statistics  accounting  fake  news  bank  bailout 
june 2017 by asterisk2a
Government review to order zero-hours contracts overhaul - BBC News
[campaigners are not happy with the watered down draft] The new "right to request" fixed hours could be used by some of the 900,000 people on zero-hours contracts, a number that has risen from 143,000 in 2008.
The contracts have been attacked for allowing some firms to keep people in insecure work, depress wages and deny people their full employee rights. [...] "Two years ago our staff started to tell us they needed some form of contracted hours because they wanted to get mobile phone contracts, car loans and - as they got older - mortgages to buy houses. [...] companies are using the "self-employment" status of people who work for them to avoid tax liabilities such as national insurance payments.
zero  hour  contract  gig  economy  Zeitarbeit  Leiharbeit  Werkvertrag  exploitation  tax  evasion  avoidance  efficiency  UK  profit  maximisation  workers  rights  union  No  Representation  wage  growth  income  inequality  insecurity  trickle-down  working  poor  Precariat  underemployed  welfare  state  credit  social  mobility 
may 2017 by asterisk2a
UK firms struggle to find employees – even before Brexit bites | Money | The Guardian
The signs of rising demand for temporary staff will fan fears about economic insecurity for UK workers as many find themselves struggling to make ends meet because they are on zero-hours contracts or taking work on a self-employed basis with no access to holiday or sick pay. In response to such worries, Theresa May last year commissioned a review of modern employment from Matthew Taylor, the head of the Royal Society of Arts (RSA).

Taylor, the former head of Tony Blair’s policy unit, is due to publish his report in the summer but will provide a flavour of his findings in a speech on Tuesday. At his annual RSA lecture, he will call on policymakers and employers to make all work “good work” – which he defines as “fair and decent, with scope for development and fulfilment”.
working  poor  Precariat  skills  gap  UK  Brexit  poverty  trap  underinvestment  Austerity  apprenticeship  education  policy  Conservative  Party  nasty  Tories  Theresa  May  trickle-down  zero  hour  contract  minimum  wage  contractor  self-employment  platform  capitalism  tax  evasion  avoidance  social  income  mobility 
may 2017 by asterisk2a
National Insurance rise 'fair', says PM - BBC News
http://www.bbc.co.uk/news/business-39225522 - She said the decision "was taken in the context of a rapidly changing labour market in which the number of people in self employment is rising rapidly".
The shift towards self employment was "eroding the tax base", she argued.
"Is it fair? I think it is fair to close the gap in contributions between two people doing the same work and using the same public services to make the same contribution to wider society."
'We should apologise'
She said, with other NI changes, "this is a change that leaves lower paid self-employed workers better off" and .
Ministers say those earning £16,250 or less will see their NI contributions fall.
Tories  Budget  welfare  state  Pension  NIC  NI  National  Insurance  Conservative  Party  Self-Employment  gig  economy  1099  adult  social  care  elderly  NHS  DWP  HMRC  Contractor  zero  hour  contract  Theresa  May  Philip  Hammond  Uber  Platform  Capitalism 
march 2017 by asterisk2a
Budget 2017: £2bn for social care and tax rise for self-employed - BBC News
http://www.bbc.co.uk/news/business-39114211 http://www.bbc.co.uk/news/uk-politics-39214295 debt going down bc of state asset sales !!! lol like reverse PFI ! http://www.bbc.co.uk/news/uk-politics-39203784 Philip Hammon tip-toeing around the issue of self-employment disparieties and exploitation. Damaging welfare state. While at the same time going through w corp tax cut from Osborne, as well as inheritance tax cut, capital gains, banks, ... also tip-toing around the business rate increase w a temporary relieve to the discretion of each council (call that a admin & beaurocracy catastrophe and prone to abuse, why give relive fund money to one and not the other?) & nothing for NHS. And still going ahead with Triple Lock Pension and no housing benefit for young. And still going ahead w cut in real terms of edu budgets. And still going ahead w no parity in mental health RE DWP ESA limit not funding mental health conditions.
HMRC  Philip  Hammond  Theresa  May  Tories  Conservative  Party  nasty  budget  Brexit  NHS  National  Insurance  NI  adult  social  care  elderly  self-employment  tax  evasion  avoidance  Council  Austerity  ageing  population  demographic  bubble  chronic  sick  health  demand  Generationengerechtigkeit  Triple  Lock  Pension  Trickle-down  Housing  Benefit  Crisis  education  policy  IMF  homelessness  homeless  inequality  technological  unemployment  mobility  welfare  state  child  poverty  downward  income  trap  gini  Coefficient  Disabled  JAM  DWP  JSA  ESA  working  poor  squeezed  middle  class  Precariat  zero  hour  contract  part-time  PFI 
march 2017 by asterisk2a
Budget 2017: Hammond to tell us the Brexit vote could have been worse | Business | The Guardian
consumers carried on spending and businesses continued to expand.

The picture for the public finances is also looking rosier compared with Hammond’s maiden autumn statement in November. [...] But here’s what the chancellor will not tell you: living costs have gone up and will continue to do so. The poorest will be hit hardest as the cost of essentials such as food and heating take a growing chunk out of already tight family budgets. Wages will struggle to match rises in inflation and the government’s benefit cuts mean that incomes will fall for the poorest people in Britain. In short, unless the government does something significant to improve living standards this week, inequality will start rising again.
UK  JAM  working  poor  squeezed  middle  class  Precariat  Theresa  May  Philip  Hammond  Austerity  DWP  HMRC  inflation  wage  growth  social  mobility  inequality  income  Tories  Productivity  child  poverty  trap  output  gap  recovery  GFC  bank  bailout  nasty  party  Conservative  Generationengerechtigkeit  babyboomers  Millennials  generation  rent  living  standard  discretionary  spending  disposable  credit  taxation  household  debt  mortgage  housing  crisis  Consumer  Consumerism  economic  history  neoliberalism  interventionism  crony  capitalism  tax  evasion  avoidance  corporatism  Exploitation  zero  hour  contract  part-time  minimum  generational  divide  Triple  Lock  Pension 
march 2017 by asterisk2a
Record 910,000 UK workers on zero-hours contracts | Business | The Guardian
Nearly 1m people on controversial terms but growth slowdown points to ‘zero-hours juggernaut’ grinding to a halt, say experts
zero  hour  contract  gig  economy  HMRC  DWP  tax  credit  taxcredit  minimum  wage  Mindestlohn  national  insurance  productivity  service  sector  UK  Germany  NI  underemployed  Self-Employment  part-time  Universal 
march 2017 by asterisk2a
IFS: Growth in UK living standards worst in 60 years | Business | The Guardian
The Institute for Financial Studies is predicting that households will be almost 20% worse off by 2021 - IFS calculations show that average household incomes will be 18% lower in 2021-22 than could have been reasonably expected before the financial crisis in 2007-08 - “One of the biggest drivers of the rise in child poverty is policy choices, which is why it is essential that the prime minister and chancellor use the upcoming budget to put in place measures to stop this happening. An excellent start would be to ensure families can keep more of their earnings under the universal credit.”
IMF  UK  Austerity  OECD  living  standard  George  Osborne  David  Cameron  Philip  Hammond  Theresa  May  GFC  recovery  Tories  nasty  party  bank  bailout  Labour  Ed  Miliband  Jeremy  Corbyn  Conservative  secular  stagnation  disposable  income  discretionary  spending  household  debt  credit  card  mortgage  private  Consumer  Consumerism  wage  growth  inflation  mobility  inequality  gini  Coefficient  poverty  trap  working  poor  gig  economy  zero  hour  contract  Self-Employment  part-time  Precariat  squeezed  middle  class  technological  unemployment  ZIRP  NIRP  QE  trickle-down  neoliberalism  crony  Capitalism  corporatism  tax  evasion  avoidance  GDP  Corporate  profit  maximisation  globalisation  globalization  welfare  underinvestment  child  taxation  taxcredit  UC  DWP  JSA  social  fuel  Brexit  neoconservatism  neoconservatives  JAM 
march 2017 by asterisk2a
Government looks for new spending cuts of up to 6% - BBC News
[ fallacy of Austerity, just Austerity to balance the budget, living off the body, no investment (ROI) to balance future butget by increased tax income. debt does not come down, bc the economy stupid. and imf has backtracked its austerity advice, and latest from imf - investment in health and edu grows economy, got an ROI! ] The Institute for Fiscal Studies has said meeting this target by 2025 would require up to £34bn in further spending cuts and tax rises. &! http://www.bbc.co.uk/news/business-38894023 - To meet his target of eliminating the deficit during the next parliament, which is from 2020 to 2025, Mr Hammond will probably have to find a further £34bn in tax rises and spending cuts, extending austerity.
The report said £17bn of tax rises could be needed to contribute to closing the gap for government between outgoings and income.
UK  Austerity  NHS  STP  rationing  education  policy  Tories  nasty  party  Conservative  Theresa  May  Philip  Hammond  George  Osborne  fiscal  ROI  underinvestment  working  poor  Precariat  self-employment  gig  economy  squeezed  middle  class  Productivity  output  gap  GFC  recovery  bank  bailout  technological  unemployment  zero  hour  contract  DWP  HMRC  tax  evasion  avoidance  public  health  2020 
february 2017 by asterisk2a
Booming gig economy costs £4bn in lost tax and benefit payouts, says TUC | Business | The Guardian
Study shows low-paid self-employment and zero-hours contracts costing exchequer £75m a week – a quarter of England’s weekly social care budget [...] Their relatively low earnings also make them more likely to need to rely on in-work benefits such as tax credits and housing benefit, the TUC said. [...] “The huge rise in insecure work isn’t just bad for workers. It’s punching a massive hole in the public finances too,” said TUC general secretary Frances O’Grady.
HMRC  Treasury  Whitehall  Westminster  Lobby  Consultant  zero  hour  contract  Self-Employment  gig  economy  welfare  state  Governance  Government  Precariat  working  poor  Poverty  part-time  minimum  wage  minimumwage  mindestlohn  Zeitarbeit  Leiharbeit  LHA  DWP  George  Osborne  Philip  Hammond  Iain  Duncan  Smith  housing  benefit  tax  credit  child  taxcredit  Austerity  secular  stagnation  crony  capitalism  bailout  corporatism  neoliberalism  exploitation  profit  maximisation 
february 2017 by asterisk2a
Hannah Arendt - Die Pflicht zum Ungehorsam (2015) - YouTube
'as individuum you dont have power, only in collective' << see Byung-Chul Han the 'depressive, weak, singled out individual who exploits him or her or they self. // Eichmann wie Trump w Daniel Hannahn wie Boris Johnson ein Hanswurst! EINer von vielen HANSwurst. klug aber dumm, banalitaet. 'Der unwille was mit dem anderen ist.' // 'Je oberflaechlicher jemand ist, desto eher wird sich jemand der banalitaet des boesen ergeben.' ie use of bigotry, prejudice, stigmata, cliche, alternative facts, ... xenohobia, hate speech,// Totalitarianism 14:15 - for far-right to rise, authoritarians, populismus to rise, need to create Luegenwelt, post-truth, post- fact, emotions only, alternative facts, ... brotbrett mit brotkrumen aud ihr doktrinen schnallen. Eine welt nur mut brotkrumen, da kann das funktionieren. Wo man sich ueber die Brokkrumen streitet (see NHS foreign patients charges debate). Adressing the emotional needs better than the centrists and the left, which also isnt reality. // Brexit also perpetuated as "Allmaechtig" single solution to all worries, needs, wants. // Ideology creates the evil itself. Ideology to monopolise truth. destroyes thinking as individual and perosnal individual judgement. // arends totalitarianism is classic, today w social media and internet and filter bubble it is neo-totalitarianism!!! no central organ it is a network connected riding on the same wave length for the same purpose.
Hannah  Arendt  workers  union  trade  Byung-Chul  Han  Selbstdarstellung  Selbstausbeutung  book  Philosophy  Soziologie  Sociology  Alain  de  Botton  Status  Anxiety  rat  race  Consumer  Consumerism  Selfie  Self-Employment  gig  economy  1099  Platform  Capitalism  Corporate  corporatism  neoliberalism  neoliberal  crony  Zeitarbeit  Leiharbeit  zero  hour  contract  Contractor  Productivity  burnout  GFC  recovery  bank  bailout  Agenda2010  hartz-IV  DonaldTrump  Donald  Trump  Brexit  TTIP  Capital  CETA  TTP  TISA  Boris  Johnson  Theresa  May  Superficial  Evil  prejudice  bigot  bigotry  far-right  right-wing  White  Supremacy  alt-right  neo-Nazi  Xenophobia  Homophobia  transphobia  Fremdenfeindlichkeit  Ausländerfeindlichkeit  Racism  Stigma  Sexismus  Sexism  Misogynie  misogyny  gender-based  discrimination  inequality  BAME  Equality  Resistance 
february 2017 by asterisk2a
Zwei neue Bücher über Armut - Markige Skandalisierung gegen spröde Analyse
40% der bevoelkerung von armut bedroht. hoffnuslos das kinder aus der armut raus kommen. abgeschafft, das man selber nicht mehr aus der armut heraus kommt.
book  poverty  homelessness  homeless  Germany  Precariat  Soziale  Marktwirtschaft  Agenda2010  Agenda  2010  hartz-IV  UBI  Universal  Basic  Income  redistribution  gini  Coefficient  neoliberalism  Armuts  Risiko  social  mobility  squeezed  middle  class  working  poor  Self-Employment  gig  economy  zero  hour  contract  Zeitarbeit  part-time  minimum  wage  worker  union  workers  trade  Leiharbeit 
february 2017 by asterisk2a
UK faces return to inequality of Thatcher years, says report | Business | The Guardian
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister.

The Resolution Foundation said Theresa May would need to make good on her pledge to support “just about managing” households as it released a report showing that rising inflation and an end to recent strong jobs growth would hit the least well-off hardest.
UK  Brexit  Austerity  tax  credit  Tories  JAM  nasty  party  Conservative  poverty  fuel  working  poor  Precariat  zero  hour  contract  Contractor  Self-Employment  gig  Economy  1099  part-time  social  mobility  income  distribution  redistribution  squeezed  middle  class  technological  unemployment  underemployed  underemployment  trap  education  policy  public  health  inequality  Food  Bank  gini  Coefficient  Triple  Lock  Pension  JSA  ESA  DWP  minimum  wage  taxation  evasion  avoidance  HMRC  NHS  inflation  living  standard  disposable  discretionary  spending  Card  consumer  debt  household  underinvestment  skills  skill-biased  Productivity  output  gap  downward  upward  Theresa  May  George  Osborne  David  Cameron  Philip  Hammond 
february 2017 by asterisk2a
UK inflation: now it's the pound in your pocket being devalued | Business | The Guardian
According to the National Institute for Economic & Social Research inflation is heading towards 4% as the effect of Brexit uncertainty keeps the pound low and imports expensive. [...] The government has pledged to double down on austerity from April, with cuts to tax credits and other benefits as well as the savings made over the last five years.

Such a sharp spike in prices will strain household finances, especially when wages growth is expected to remain at around 2.5%.

Bank of England policymaker Michael Saunders said last week that developments in the labour market such as zero-hour contracts and agency working meant wages were unlikely to take off any time soon. [...] [ rise in unsecured credit 2008 levels, and personal bankruptcies not easier (online) to do and 2016 personal bankruptcies were up ~16% ]
UK  Brexit  living  standard  disposable  income  discretionary  spending  wage  growth  GDP  recovery  GFC  inflation  £  British  Pound  Precariat  working  poor  squeezed  middle  class  technological  unemployment  Productivity  output  gap  part-time  zero  hour  contract  Contractor  Self-Employment  gig  economy  1099  economic  history  Austerity  tax  credit  consumer  debt  household  Card  BOE  bankruptcies  bankruptcy  underinvestment 
january 2017 by asterisk2a
The new robot revolution will take the boss's job, not the gardener's | Business | The Guardian
Advances in artificial intelligence mean a second wave of change is approaching – and it is not the low-paid service sector where jobs are most at risk // Studies have shown that technological change rather than trade has been responsible for the vast majority of the jobs lost in manufacturing in the developed world. Put simply, machines have replaced humans. Robots have taken over factories. // https://twitter.com/ianbremmer/status/822930363827757056 20/80 split. - Technology—not int'l trade—accounts for 85% of the lost manufacturing jobs in the US. Feels like it's worth the reminder. &! https://www.theatlantic.com/business/archive/2014/01/the-dark-side-of-globalization-why-seattles-1999-protesters-were-right/282831/
AI  automation  Robotics  self-driving  cars  autonomous  vehicles  squeezed  middle  class  USA  UK  technological  unemployment  UBI  Universal  Basic  Income  Grundeinkommen  economic  history  education  policy  creativity  Richard  David  Precht  Alain  de  Botton  globalisation  globalization  offshore  outsourcing  contractor  contract  zero  hour  part-time  workers  union  trade  rights  Self-Employment  gig  economy  wage  growth  neoliberalism  crony  capitalism  tax  evasion  avoidance  Competition  corporatism  monopoly  oligopol  oligopoly  1%  10%  Super  Rich  Plutocracy  Oligarchy  welfare  state  redistribution  distribution  Precariat  working  poor  downward  mobility  social  poverty  trap  Austerity  underinvestment  underemployed  underemployment 
january 2017 by asterisk2a
Arm trotz Arbeit (Dokumentation Deutsch) Doku - YouTube
keine zusammengehoerigkeit. kann sich nicht mehr vergleich. exzess. berufliche gratifikations kriese. keine sicherheit. keine upward mobility. keine social acknowledgement.
poverty  working  poor  UK  Germany  France  OECD  minimum  wage  squeezed  middle  class  income  inequality  distribution  Super  Rich  1%  10%  20%  Plutocracy  Monopoly  oligopoly  Leiharbeit  Zeitarbeit  zero  hour  contract  contractor  ALG2  Aufstocker  tax  credit  well  being  status  anxiety  Precariat  mental  health  public  social  Burnout  chronic  stress  Gesellschaft  Sociology  socioeconomic  outsourcing  Zivilgesellschaft  Psychology  Lohndumping  gini  Coefficient 
december 2016 by asterisk2a
Cameron defends decision to call Brexit referendum - BBC News
[ Still not for redistribution ] And he urged leaders across the West to take steps to help those who felt left behind by globalisation.
Tories  Conservative  Party  nasty  David  Cameron  George  Osborne  Austerity  Theresa  Philip  Hammond  inequality  wage  growth  social  mobility  gini  coefficient  Brexit  globalisation  tax  evasion  avoidance  liberal  economic  reform  zero  hour  contract  history 
december 2016 by asterisk2a
Panorama 3 vom 1.11.2016 | Panorama 3 | NDR - YouTube
Arbeit auf Abruf: Das Leiden der Arbeitnehmer "teilzeit auf abruf" aka Zero Hour contract! abb 22:30 // der Mensch als Roboter den man an und aus schaltet!
Zero  Hour  Contract  UK  Germany  Leiharbeit  Zeitarbeit  Minijob  technological  unemployment  neoliberal  neoliberalism  on-demand  part-time  underemployed  Structural  Agenda  2010  crony  capitalism  working  poor  Precariat  Precarious  ALG2  Sozialabstieg  poverty  child  Exploitation  SPD  CDU  CSU  AfD  PEGIDA  Rechtsruck  far-right  right-wing 
november 2016 by asterisk2a
Atul Singh: "The Global Rise of the Far Right" | Talks at Google - YouTube
people have to come to expect XYZ, but never materialised. literally // communities locally (suburb aspiration) have been broken down by consumerism materialism and 24/7 work / work being identity // & no certainty. thus you hang onto anyone who promises you past certainty, salvation, promised age. continuity in age of uncertainty and volatility. don't know if you have job next month. and gives you promises you collective identity. thus seeking authoritarian father figure. // & have to address - future (certainty, moral purpose), identity, inequality.
Donald  Trump  far-right  right-wing  inequality  gini  Coefficient  social  mobility  AfD  UKIP  Brexit  Germany  UK  USA  Rechtsruck  Rechtsextremismus  technocracy  Identity  Politics  Centrists  squeezed  middle  class  economic  history  Precariat  OECD  income  Consumerism  materialism  status  anxiety  career  Politicians  no  Representation  Toff  Privileged  Establishment  European  Union  job  insecurity  Zero  Hour  Work  Sociology  Psychology 
august 2016 by asterisk2a
Economic Update: The System Exposed (2016.08.18) - YouTube
34:30 = Gig Economy / Sharing Economy = Hype, PR! attempt to part w your money, w your job. your condition is a now unsecure job, the precariat. welcome to the share economy.
Gig  Economy  Sharing  1099  Uber  Deliveryroo  Precariat  Precarious  Work  Zero  Hour  Contract  part-time  technological  unemployment  mobile  homescreen  job  insecurity 
august 2016 by asterisk2a
A hard truth for Leave voters: Brexit means big government
Britain has seen a renaissance in jobs since 2013, of that there is no doubt. But most of those extra jobs were among the self-employed or fell into categories that can only be described as insecure and low-paid. When companies finally took the plunge and advertised full-time jobs from 2014 onwards, around a third went to migrants. [...] It is this mostly older group of workers across the developed world, worried about their pay, pensions and conditions of employment, that want to slam the brakes on globalisation and reject the remedy proposed by big business: greater labour-market flexibility and only limited job protections. [ Globalisation as a great rebalancing of the world economy between the west and the rest (BRIC and co) ] [...] Only government can provide the cure, with a commitment to invest where the private sector cannot or will not go.
globalisation  globalization  squeezed  middle  class  Precariat  working  poor  job  security  job  insecurity  self-employment  neoliberal  neoliberalism  liberal  economic  reform  Agenda  2010  Zero  Hour  Contract  OECD  BRIC  USA  UK  Germany  France  economic  history  capitalism  capitalism  in  crisis  protectionism  Brexit  exploitation  crony  capitalism  tax  evasion  tax  avoidance  immigration  migration  Philip  Hammond  austerity  Workers  Union  Workers  Rights  Trade  Union  Theresa  May  Conservative  Party  nasty  Tories  budget  deficit  neoclassical  economics  Chicago  School  deflation  deflationary  aggregate  demand  aggregate  demand  short-fall  Richard  Koo  free  free  agreement  underinvestment  business  confidence  productivity  productivity  gap  productive  investment  output  output  gap  technological  unemployment  skills  economy  skills  gap  skill  gap  industrial  policy  Manufacturing 
july 2016 by asterisk2a
Festival of Economics 2014: Will the Robots Eat all the Jobs? - YouTube
gov needs to smooth transition! education that focuses on analytics, creativity and research. and an economy w more capital investment! [...] link CXX pay w investment, not shareprice or company value per se. and/or mend the tax code to generously reduce corporation tax rate w how much they invest of their turnover, on a linear scale.
technological  unemployment  Universal  Basic  Income  Grundeinkommen  structural  unemployment  long-term  unemployment  skill-biased  technological  change  Industrial  Revolution  Mobile  Creative  Mobile  Creatives  self-employment  Precariat  precarious  employment  precarious  work  working  poor  Zero  Hour  Contract 
july 2016 by asterisk2a
The Incredible Shrinking Middle Class - YouTube
Canada: Generation Jobless - https://youtu.be/4UUuMWqA8eE - "The Plight of Younger Workers" (Report).& underemployed graduates w fancy sounding degrees. [...] EDUCATION INFLATION! [...] an education does no more guarantee a comfortable middle class jobs, and parents are disappointed. [...] globalisation of workforce plus automation, robotics, AI, augmented intelligence. the new GM's and Toyota's and DuPonts need less and less workers to catch ever greater pies of the current and future economy. [...] rise of the project focused self-employed and the Gig Economy. //&! (USA) Invisible Reality; The Working Poor - youtu.be/806PSngTKgg //&! FULL STORY: Generation Poor - youtu.be/lB4w8MQPdEE //&! FULL STORY: The Labour Trap - youtu.be/cHBo3LgXUPA - precarious work is now more and more the norm. as well as exploitation of those conditions.
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june 2016 by asterisk2a
What quality of life can minimum wage workers afford? - YouTube
&! youtu.be/9-Y7BPqj_G0 - One NYC family's struggle to survive on a fast food salary //&! Living Paycheck to Paycheck | The New York Times - youtu.be/45Ouqrnku2g //&! A Family Faces Food Insecurity in America’s Heartland - youtu.be/uV2XCQZWf_g //&! 2010, TrueNewsNetwork is more liberal conservative leaning take, against redistribution - youtu.be/F7Pq_FDIcpw //&! Poor Kids (Documentary) - Real Stories - youtu.be/i9aSp9bFmMg //&! Do minimum wage increases actually help the poor?
PBS NewsHour - youtu.be/_S0KeeGO660
working  poor  Precariat  minimum  wage  mindestlohn  working  tax  credit  child  tax  credit  in-work  benefit  subsidies  subsidizing  corporate  welfare  housing  benefit  social  mobility  income  mobility  class  warfare  USA  UK  poverty  trap  poverty  payday  loan  Loans  underemployed  underemployment  Zero  Hour  Contract  part-time  Food  Bank  Food  Stamps  living  standard  standard  of  living  quality  of  life  income  tax  credit  tax  free  income  income  redistribution  income  distribution  Gini  coefficient  child  poverty 
june 2016 by asterisk2a
Stocks are up. But it appears to us that the U.S. economy is going down. Go figure.
velocity is at 57yr low - WOW! the money that is in circulation is in less hands! the econ expanded according to GDP, but less and less $ reach on avg each hand. - "This is serious. The velocity of money tracks how often each dollar is used to buy something in the economy. Falling velocity shows that consumers and business are pulling back… becoming more reluctant to spend and invest… downsizing… and holding onto dollars rather than spending them. This has a similar effect as reducing the supply of money bidding for goods and services. Prices drop. Deflation, in other words. The bubble has developed a leak. The hot air is gushing out." //&! bit.ly/1MOxc9A //&! research.stlouisfed.org/fred2/series/M2V &! pieria.co.uk/articles/getting_things_wrong_federal_reserve_style - it is associated with stagnant NGDP [...] demand problem.
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april 2016 by asterisk2a
Martin Lewis conforonts Osborne over his living wage con
companies cut back on perks, lunch breaks, and paid overtime arrangements. or change work arrangement; change to being self-employed contractor. //&! As predicted Osborne's national living wage is a con - youtu.be/MQfEWTN5hR4 - cut of overtime and weekend pay bonus. - ALSO THERE COMES AGE DISCRIMINATION. BECAUSE starts not for students!/<25years old! //&! bbc.co.uk/news/business-36082247 - Osborne warns firms not to cut perks on back of National Living Wage
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april 2016 by asterisk2a
Revolutionary politics in the UK
// yanis is liberal marxist // &! Will John McDonnell's fiscal rules work for Labour? Paul Mason Vs John Rentoul - youtu.be/0EISho5eSUc - OBR econometrics dictated by Treasury, George Osborne w wonky multipliers that don't fit w IMF models. IMF calls for fiscal stimulus! since late 2015 because China's credit bubble popped and global economy started to head south.
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april 2016 by asterisk2a
IMF urges more spending to boost growth
Fund’s steering committee calls for more forceful stimulus and warns monetary policy alone is not enough //&! http://www.theguardian.com/business/imf //&! bit.ly/1V9pfhD - IMF chief: regulators long 'alarmed' over Panama's handling of taxation. Christine Lagarde responds to Panama Papers revelations, noting that authorities were concerned but did not take ‘expected’ action.
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april 2016 by asterisk2a
Workers or Shirkers? Ian Hislop's Victorian Benefits
An entertaining, provocative film in which Ian explores the colourful history behind one of the most explosive issues of our times - welfare: who deserves to be helped, and who doesn't. [... ] all hate, no heart. just spreadsheets. at Whitehall, no 11. [...] Benefit Street = victorian freak show/circus of curiosities [...] writing about others, "othering" them. demonising them or putting them on pedestals, making them saints. [...] IDS "a single mother wo aspiration is a product of the system" would correct that, a product of her environment (society) [ie gentrification - poor living w poor door to door. and everyone is looking down on them.].
Universal  Basic  Income  class  warfare  poverty  trap  child  poverty  tax  credit  tax  free  austerity  DWP  Iain  Duncan  Smith  ESA  JSA  WCA  Disabled  vulnerable  mental  health  civil  society  Gesellschaft  Gesellschaftswerte  substance  abuse  self-medication  deprivation  structural  unemployment  poverty  drug  addiction  drug  abuse  Public  Services  Social  Services  NHS  sick  population  capitalism  Soziale  Marktwirtschaft  Soziale  Gerechtigkeit  society  moral  beliefs  ethics  philosophy  Universal  working  poor  low  pay  low  Precariat  precarious  work  mobility  mobility  education  policy  Gini  coefficient  economic  history  Super  Rich  1%  Establishment  Privileged  Toff  No  Representation  Career  Politicians  squeezed  middle  class  class-warfare  Sozialpolitik  Integrationspolitik  immigration  migration  UK  microeconomic  policy  macroeconomic  policy  meritocracy  meritocratic  stigma  Food  Bank  crony  capitalism  bailout  corporate  welfare  tax  evasion  tax  amnesty  tax  avoidance  shareholder  capitalism  lobby  revolving  door  ladder  Service  Sector  Jobs  aggregate  demand  fairness  Zero  Hour  Contract  part-time  incentive  self-employment  Contractor  working  class  Trade  Union  neoliberal  neoliberalism  Workers  Rights  Workers  Union  economic  justice  economic  tax  welfare  welfare  poverty  education  oppo 
april 2016 by asterisk2a
Universal credit cuts to lose low-income families up to £200 a month
[ UC is a backdoor welfare cut ] Changes to be introduced on Monday will push more low-paid working families into poverty, charities say. Tens of thousands of low-paid working families can expect to lose up to £200 a month as a result of changes to universal credit introduced on Monday – the first wave of £3bn in welfare cuts that will affect 1m households by 2020. [...] a full-time single parent would have to work a 14-month year. [...] The cuts stem from changes in the work allowance unveiled by the chancellor, George Osborne, in his summer budget a year ago. These drastically reduced the amount people can earn before low-wage top-ups are withdrawn at the rate of 65p per £1 earned.
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april 2016 by asterisk2a
Piketty: EU should welcome one million immigrants a year
"The European Union has the capacity to absorb a large flow of migrants, one million per year in terms of inflow net of outflow," he said.
"This is exactly what we had between 2000 and 2010 and this was working in the sense that unemployment was being reduced.
"The problem is - with the austerity policies and with the recession - now we are in a situation where it's very difficult in particular with southern Europe, with the terrible economic situation that we have created there in particular." [...] The population of the EU has only risen by 0.2% a year since 1995, he argues, compared to 1.2% for the world's population over the same period.
According to Eurostat, the official statistical arm of the European Commission, a total of 3.4 million people came to the EU during 2013. Some 2.8 million left, leaving a net immigration figure of around 600,000. [S]low growth [...] exacerbated not just by a lack of immigration but also by austerity policies aimed at reducing public expenditure. [EU in recession 2011 forward]
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april 2016 by asterisk2a
Why Everyone Must Get Ready For The 4th Industrial Revolution
For example, as automation increases, computers and machines will replace workers across a vast spectrum of industries, from drivers to accountants and estate agents to insurance agents. By one estimate, as many as 47 percent of U.S. jobs are at risk from automation. Many experts suggest that the fourth industrial revolution will benefit the rich much more than the poor, especially as low-skill, low-wage jobs disappear in favor of automation.

But this isn’t new. Historically, industrial revolutions have always begun with greater inequality followed by periods of political and institutional change. The industrial revolution that began at the beginning of the 19th century originally led to a huge polarization of wealth and power, before being followed by nearly 100 years of change including the spread of democracy, trade unions, progressive taxation and the development of social safety nets.
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april 2016 by asterisk2a
Waiters And Bartenders Rise To Record, As Manufacturing Workers Drop Most Since 2009
On the surface, the March jobs reported was better than expected... except for manufacturing workers. As shown in the chart below, in the past month, a disturbing 29,000 manufacturing jobs were lost. This was the single biggest monthly drop in the series going back to December 2009. But not all is lost: as has been the case for virtually every month during the "recovery", virtually every laid off manufacturing worker could find a job as a waiter: in March, the workers in the "Food services and drinking places" category, aka waiters, bartenders and minimum wage line cooks, rose again to a new record high of 11,307,000 workers, an increase of 25K in the month, offsetting virtually all lost manufacturing jobs. This is how the two job series have looked since the start of 2015: 24k manufacturing jobs have been lost in the past 14 months compared to an increas of 365K food service workers.
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april 2016 by asterisk2a
Budget 2016: Four key numbers - BBC Newsnight
weaker outlook for income tax receipts & economy/global economy >> OBR has done 'no projections' on impact of Brexit: Robert Chote - BBC Newsnight - youtu.be/A0jvIUKTU1U //&! Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight - youtu.be/L0TBTbfNgCw - "WE HAD THE BIGGEST BANK BAILOUT" //&! NICKY MORGAN ON TORY WELFARE ROW - BBC Newsnight - youtu.be/IC_Yhggk62o
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march 2016 by asterisk2a
Angestellte bei Airbnb und Uber: "Diese Jobs schaffen ein neues Prekariat"
AirbnB und andere Firmen tun so, als hätten sie eine soziale Mission. Doch laut dem Buchautor Tom Slee beuten sie ihre Angestellten schlimmer aus als herkömmliche Firmen - und begünstigen totale Überwachung. // SPIEGEL: Es gibt Ökonomen, die sehen in diesen neuen Jobs auch eine Chance.

Slee: Diese Jobs schaffen ein neues Prekariat. Die dahinterstehenden Plattformen tarnen sich als Innovation, bauen aber auf unbegrenzte Verfügbarkeit und darauf, Arbeitsgesetze auszuhebeln und alles Risiko den Kleinunternehmern aufzuhalsen. [...] SPIEGEL: Uber und Co gerieren sich oft als Plattformen für freie Miniunternehmer. Sind sie das wirklich?

Slee: Die Leute sind scheinselbstständig, oft werden sie wie Angestellte behandelt. Tatsächlich haben sie etwa die Pflicht, 90 Prozent der angeforderten Fahrten anzunehmen, sonst werden sie gefeuert.
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march 2016 by asterisk2a
The Uber Model, It Turns Out, Doesn’t Translate
Uber for X // Startups that deliver what you want, when you want it — like Uber, but for groceries, laundry, munchies, etc. — are revamping their business plans or shutting down entirely. It turns out that the on-demand model is so cash-intensive that it only really works if you're, well, Uber.
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march 2016 by asterisk2a
Budget 2016 shows Osborne's failure on debt, surplus, GDP
// higher in-work poverty
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march 2016 by asterisk2a
Government accused of redefining fuel poverty to bring down figures
[ fuel poor if your spend more than 10% of your income on gas and electricity. choice between eating and having a warm home. ] Commons committee says 2.4 million people to be classed as fuel poor rather than 3.2 million under Energy Bill amendments //&! 800,000 people ‘lifted’ out of fuel poverty – by redefining it. David Cameron ‘putting interest of energy firms above ordinary people’ - ind.pn/1Rmjc5j //&! BBC Panorama - bbc.co.uk/programmes/b0756g0x - min 6: estimated 12m people skip meals to pay energy bills. gov had simple definition (10%). Tories missed 2016 target, thus changed definition (LIHC), estimates now 20% of population in fuel poverty, 1 in 5. since fuel poverty was introduced as target (to eradicate), it has been rising steadily! Most pensioners are excluded under new definition. est. 9000 deaths from living in cold home. & 1/2 the members of the Fuel Povery Committee have strong links to energy industry //&! bit.ly/1LIr4z2
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march 2016 by asterisk2a
Stephen Crabb: 'No further plans' for welfare cuts
BIG BREAKDOWN W INFOGRAPHIC OF THE BUDGET and DWP Budget // A Downing Street spokesman said the government would still deliver on its commitment to save £12bn from welfare by the end of the Parliament in 2020. [...] The Conservative leadership has been under fire - including from some of its own backbenchers - over the cuts to disability payments, which came at the same time as tax cuts for higher earners.
Mr Duncan Smith - who resigned on Friday - said this flew in the face of Mr Cameron and Mr Osborne's oft-repeated claim that "we are all in this together". [...] [ CAMERON ] "None of this would be possible if it wasn't for the actions of this government and the work of the chancellor in turning our economy around." //&! No more welfare cuts, for now - bbc.in/1pGxCV4 - still 2015 budget post-election had £12bn in the card!
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march 2016 by asterisk2a
Budget 2016: the productivity and prosperity puzzle
It wasn't so much "here's a rabbit from the hat" but more: "look over there - a squirrel!" [...] [Productivity] turned out disappointingly again. And that's knocked back the growth estimates for the economy, as well as for pay, for tax revenue, and for company profits over the rest of the decade.
Britain's not alone in that. But keeping company with the USA on such numbers is not that reassuring. [...] And as that is the main, long-term driver of real pay, it means Britain's standard of living will improve from the recession, but at only two thirds of the rate we've come to expect. [ Recovery ] average year saw only 0.1% per year.
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march 2016 by asterisk2a
BBC Two - Britain's Secret Slavery Business
[forced labour, thus slavery. modern slavery act 2015; kept as a commodity, exploited, invisible handcuffs (documents taken away, or a threat to family)] [food industry & high steet is using it knowingly, does not monitor regularly unannounced it's suppliers for audits. slavery act 2015 can go only so long. industry can not self-regulate it seem.] Slavery and exploitation are alive and well in the UK. From factories and fields to high streets and high seas, investigative reporter Darragh MacIntyre reveals the extent to which exploited workers are embedded within our economy.
In this hard-hitting documentary, MacIntyre uncovers a hidden world of vulnerable victims - not only those trafficked to the UK from abroad, but also a British citizen forced to work unpaid for years. Joining police raids on suspected traffickers, MacIntyre witnesses first hand the authorities' efforts to combat this growing problem. He discovers, alarmingly, that 80% of slavery crimes may be going undetected
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march 2016 by asterisk2a
State pension changes: Charity finds 70,000 people won't qualify for pension under new rules | Home News | News | The Independent
Changes to the system coming into effect on 6 April mean that people will need 10 qualifying years to get any new state pension. This is a change from the existing regime which allows people to receive at least some state pension even with only a few years of NICs. [...] Age UK said it supports the aim of a simpler, fairer state pension, acknowledging it should benefit many people with low lifetime earnings due to low pay and caring responsibilities. But the charity is concerned that there are many approaching retirement, particularly women, who do not have a full NI record. [...] "People who haven't built up enough National Insurance can apply for Pension Credit, which works by topping up their other income and provides additional security in retirement.”
pension  pension  scheme  pension  obligation  pension  fund  public  pension  UK  babyboomers  budget  deficit  secular  stagnation  low  pay  low  income  working  poor  Precariat  precarious  work  Zero  Hour  Contract  Contractor  part-time  self-employment  welfare  state  social  safety  net  poverty  in  old  age  NIC  Altersarmut  elderly  care  adult  social  care  retirement  401k  ISA  savings  rate  squeezed  middle  class 
march 2016 by asterisk2a
German Banks Told To Start Hoarding Cash | Zero Hedge
In order to generate artificial economic growth, the ECB wants banks to make as many loans as possible, no matter how stupid or idiotic. They believe that economic growth is simply a function of loans. The more money that’s loaned out, the more the economy will grow. This is the sort of theory that works really well in an economic textbook. But it doesn’t work so well in a history textbook. Cheap money encourages risky behavior. It gives banks an incentive to give ‘no money down’ loans to homeless people with no employment history. It creates bubbles (like the housing bubble from 10 years ago), and ultimately, financial panics (like the banking crisis from 8 years ago). Banks are supposed to be conservative, responsible managers of other people’s money. When central bank policies penalize that practice, bad things tend to happen.
Richard  Koo  aggregate  demand  austerity  fiscal  policy  Pact  Schuldenbremse  economic  history  ZIRP  NIRP  QE  distortion  financial  repression  hunt  for  yield  speculative  bubbles  speculative  speculation  Venture  Capital  Mutual  Fund  Private  Equity  reflate  reflation  recovery  GFC  debtoverhang  liquidity  trap  zombie  banks  deleveraging  Debt  Super  Cycle  secular  stagnation  consumer  wage  stagnation  squeezed  middle  class  disposable  income  discretionary  spending  marginal  propensity  to  consume  tax  evasion  tax  avoidance  oligarchy  plutocracy  Super  Rich  1%  household  car  loan  credit  card  student  loan  student  loan  student  Bubble  generation  rent  OMT  job  creation  Service  Sector  Jobs  working  poor  precarious  work  Precariat  Zero  Hour  Contract  Contractor  Leiharbeit  Zeitarbeit  Agenda  2010  low  pay  low  income  TLTRO  LTRO  monetary  transmission  mechanism  velocity  of  money 
march 2016 by asterisk2a
House of Lords votes to keep income-related child poverty measures | Society | The Guardian
[ trying to redefine poverty! ] Iain Duncan Smith, the work and pensions secretary, announced the proposals in July, prompting dismay among child poverty charities. He said the government would scrap its measurement of child poverty and the aim to eradicate it by 2020, while replacing it with a new duty to report levels of educational attainment, worklessness and addiction. Under his plans, the old measurement, based on the percentage of households with below-average income, would continue to be published as a government statistic but would no longer be seen as a target. However, peers voted by 290 to 198 to keep the targets, in a move to prompt the House of Commons to think again. [...] [ TRICKLE-DOWN! ] David Freud, the welfare minister, opposed the amendment on behalf of the government, saying “life chances” indicators were a better way of monitoring what was happening and of directing resources most effectively to tackle the problem.
Iain  Duncan  Smith  child  poverty  poverty  David  Cameron  George  Osborne  nasty  party  Conservative  Tories  DWP  tax  credit  working  poor  precarious  work  Precariat  education  policy  deprivation  attainment  gap  post  code  lottery  general  election  2015  Manifesto  constituency  Funding  long-term  unemployment  youth  unemployment  structural  unemployment  Toff  Westminster  Whitehall  Establishment  Privileged  ESA  vulnerable  Disabled  disability  No  Representation  austerity  Council  Social  Services  Public  Services  child  tax  credit  working  tax  credit  Zero  Hour  Contract  Contractor  low  pay  low  income  minimum  wage  apprenticeships  trickle-down  economics  neoliberalism  neoliberal  self-employment  Gini  coefficient  mobility  downward  mobility  income  mobility  recovery  job  creation  squeezed  middle  class  secular  stagnation  budget2015  budget2016 
march 2016 by asterisk2a
UK consumes far less than a decade ago – 'peak stuff' or something else? | Business | The Guardian
From crops to energy and metals, average material consumption fell from 15 tonnes in 2001 to just over 10 tonnes in 2013 [...] UK households have also abandoned buying many resource-intensive goods common in the recent past – such as metal-heavy video recorders and hi-fi systems, vinyl records, CDs and books – as they shift to digital consumption. [...] The figures will spark fresh speculation that Britain and other developed economies have hit ‘peak stuff’, although some critics pour scorn on the quality of the ONS’s environmental accounts. In January, Ikea said the appetite of western consumers for home furnishings had reached its peak and consumption of many familiar goods was at its limit. Household spending on physical goods, including furnishings, clothing, cars and gadgets, decreased between 2002/03 and 2014, [...] Households now spend more on services than physical goods, he said. [...] [ saturation in some markets but we are not living in peak stuff ]
peak  stuff  secular  stagnation  demographic  bubble  zombie  consumer  materialism  status  anxiety  consumerist  consumer  choice  consumerism  sustainability  sustainable  resource  depletion  finite  resources  consumer  debt  marginal  propensity  to  consume  disposable  income  discretionary  spending  household  debt  car  loan  credit  card  debt  student  loan  debt  student  loan  student  debt  StudentLoans  savings  rate  retirement  poverty  in  old  age  poverty  squeezed  middle  class  wage  stagnation  job  creation  low  pay  low  income  Zero  Hour  Contract  Contractor  self-employment  working  poor  precarious  work  Precariat  capitalism  western  world  COP21  carbon  tax  carbonfootprint  carbonemission  sharing  economy  Service  Sector  Jobs  recycling 
february 2016 by asterisk2a
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich - SPIEGEL ONLINE
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich [...] Ein Beispiel: Wenn das Bruttosozialprodukt eines Landes 10 Milliarden Euro beträgt und um eine Milliarde Euro wächst, dann entspricht das einer Steigerung von zehn Prozent. Wenn das BIP aber 1000 Milliarden Euro beträgt, dann müsste die Wirtschaft schon um 100 Milliarden Euro wachsen, um ein Wachstum von zehn Prozent zu schaffen. Wächst das BIP wie vorher um eine Milliarde Euro, entspricht das nur noch einer Steigerung von 0,1 Prozent. Die Wirtschaft wäre dann sozusagen ausgewachsen. Die alten Zeiten kehren nicht mehr zurück [...] Sollten die Ökonomen recht haben, hätte das für Staat und Sozialsysteme einschneidende Folgen: Die Planung von Bundeshaushalt oder Rentenkasse geht von einem Wachstum irgendwo zwischen ein und zwei Prozent pro Jahr aus. [...] Die Wirtschaft "unabhängiger vom Wachstum gestalten"
G20  George  Osborne  UK  austerity  Europe  Schuldenbremse  Fiscal  Pact  Germany  Wolfgang  Schäuble  Angela  Merkel  secular  stagnation  Richard  Koo  aggregate  demand  budget  deficit  economic  history  finite  resources  resource  depletion  economic  growth  global  economy  policy  monetary  policy  policy  error  policy  folly  Japan  Abenomics  demographic  bubble  ageing  population  AI  artificial  intelligence  Robotics  self-driving  cars  autonomous  car  structural  unemployment  unemployment  long-term  unemployment  youth  unemployment  productivity  output  gap  squeezed  middle  class  Precariat  working  poor  low  pay  low  income  precarious  work  Zero  Hour  Contract  Contractor  underinvestment  marginal  cost  competitiveness  energy  policy  energy  price  flat  world  borderless  globalization  globalisation  economics  of  abundance  post-capitalism  Larry  Summers  Gini  coefficient  inequality  Super  Rich  1%  plutocracy  oligarchy  democracy  social  democracy  Soziale  Marktwirtschaft  trickle-down  economics  dogma  ideology  free  market  self-regulation  neoliberalism  neoliberal  education  policy  income  inequality  GDP  nominal  GDP  targeting  inflation  targeting  liquidity  trap  credit  bubble  distortion  ZIRP  NIRP  QE  USA 
february 2016 by asterisk2a
George Osborne warns of further spending cuts in Budget - BBC News
[ LOL! ] But recent figures showing the UK economy was smaller than expected meant savings must be found in his Budget statement on 17 March, he said. [...] Mr Osborne said he would rather look for extra cuts now than risk breaking his own manifesto commitment to achieve a surplus in the budget by the end of this Parliament. The chancellor did not completely rule out raising taxes in the event of a further slowdown in growth, but said that now was not the time for "significant" tax hikes. [...] I'm absolutely clear we've got to root our country in the principle that we live within our means and that we have economic security." [...] "whole purpose of our economic plan was to have a budget surplus. [...] we got big challenges at home to make the economy more productive even as more people get work. [ because having part of your budget in the property bubble is so productive ] [...] I will do what is required to keep our country safe and secure." [ NOT CHANGING PLANS ie U-TURN ]
UK  secular  stagnation  austerity  Richard  Koo  Japan  economic  history  dogma  ideology  IMF  OECD  ChristineLagarde  economists  Paul  Krugman  Joseph  Stiglitz  Robert  Reich  David  Cameron  Tories  nasty  party  recovery  aggregate  demand  Conservative  macroeconomic  policy  microeconomic  policy  fiscal  policy  monetary  policy  Mark  Carney  BOE  City  of  London  HMRC  tax  evasion  tax  avoidance  self-employment  corporate  tax  rate  Service  Sector  Jobs  working  poor  multiplier  precarious  work  Precariat  low  pay  low  income  tax  credit  housing  benefit  income-based  JSA  Zero  Hour  Contract  Contractor  wage  stagnation  stagnation  DWP  Iain  Duncan  Smith  skills  gap  STEM  productivity  output  gap  Manufacturing  industrial  policy  neoliberalism  neoliberal  trickle-down  economics  Chicago  School  JohnMaynardKeynes  keynes  Keynesianism  Pact  Schuldenbremse  Wolfgang  Schäuble  Angela  Merkel  European  Union  property  bubble  apprenticeships  value  creation  added  value  underinvestment  productive  investment  infrastructure  investment  competitiveness  marginal  cost  energy  price  energy  policy  Hinkley  Point  C  nuclear  power  nuclear  waste  subsidies  subsidizing  corporate  welfare  lobbyist  lobby  Lobbyin 
february 2016 by asterisk2a
Brexit referendum could destabilise UK recovery, says IMF | Business | The Guardian
[ putting investment decisions and plans on hold! ] Christine Lagarde warns that uncertainty over outcome ‘will be bad in and of itself’ in months leading up to vote [...] But the IMF’s annual health check said “the relatively positive outlook is subject to risks and uncertainties”, including a global slowdown, sluggish productivity growth, a large trade deficit, still-high levels of household debt, and the forthcoming referendum on EU membership. It said any sign of weakness in growth should be met with higher spending by the Treasury. The UK authorities should explore “both revenue and expenditure measures, while protecting spending in priority areas, including healthcare, education, and infrastructure”. The report emphasised that “flexibility in the fiscal framework should be used to modify the pace of adjustment in the event of weaker demand growth”. [ moderates and politicians, wisely worded! no instructions. no direct criticism. ]
Brexit  austerity  household  debt  consumer  debt  property  bubble  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  IMF  OECD  job  creation  Service  Sector  Jobs  trade  deficit  UK  George  Osborne  David  Cameron  fiscal  policy  industrial  policy  labour  market  underinvestment  education  policy  NHS  child  poverty  Gini  coefficient  inequality  social  mobility  income  mobility  recovery  2016  general  election  2015  budget  deficit  election  campaign  promises  Manifesto  Generationengerechtigkeit  fairness  trickle-down  economics  neoliberalism  neoliberal  labour  economics  Zero  Hour  Contract  part-time  minimum  wage  tax  credit  Contractor  self-employment  low  pay  Precariat  working  poor  low  income  disposable  income  discretionary  spending  debt  servitude  monetary  policy  fiscal  stimulus  Pact  Schuldenbremse  general  election  2020 
february 2016 by asterisk2a
BBC iPlayer - Battling with Benefits - Episode 2
w 30hrs or less you can't make months end. // 40.000 in Wales alone on Zero Hour Contract. // +50% win ESA decisions/sanctions appeals
Zero  Hour  Contract  ESA  DWP  Iain  Duncan  Smith  George  Osborne  David  Cameron  austerity  welfare  state  social  safety  net  fairness  vulnerable  long-term  unemployment  structural  unemployment  precarious  work  Precariat  working  poor  low  pay  low  income  minimum  wage 
february 2016 by asterisk2a
Europa: Den Parteien laufen die Mitglieder weg - SPIEGEL ONLINE
[ symptoms ] SPD und CDU haben seit 1990 fast die Hälfte ihrer Mitglieder verloren. Die Erosion der Parteien ist kein deutsches Phänomen, sie findet in ganz Europa statt. Unsere Demokratie ändert sich dadurch grundlegend. [...] Parteimitglieder sind nur noch Randgruppen [...] Personen statt Programme [...] Die Mehrheit der Bürger misstraut den Parteien
plutocracy  oligarchy  Super  Rich  1%  neoliberalism  neoliberal  neoconservatism  neoconservatives  No  Representation  Career  Politicians  squeezed  middle  class  Workers  Union  Trade  Union  trickle-down  economics  democracy  Soziale  Marktwirtschaft  Agenda  2010  Perspektivlosigkeit  deprivation  lobbyist  lobby  Lobbying  revolving  door  corruption  bribery  history  tax  evasion  tax  avoidance  multinational  conglomerate  Lügenpresse  corporate  media  trust  distrust  trustagent  symptom  globalization  globalisation  flat  world  borderless  Schwarzkasse  Jeremy  Corbyn  Bernie  Sanders  austerity  Precariat  working  poor  precarious  work  Zeitarbeit  labour  market  Leiharbeit  Zero  Hour  Contract  Contractor  part-time  Minijob  self-regulation  deregulation  speculative  bubbles  credit  bubble  reflate  reflation  wage  stagnation  income  growth  income  distribution  Gini  coefficient  inequality 
february 2016 by asterisk2a
An Alarm Goes Off Threatening The "Strong U.S. Jobs" Myth: Withheld Income Taxes Are Stalling | Zero Hedge
[#misrepresentation - FOI request to HMRC - job creation, ask for list of annual salary 2009 - till now - picture emerges of mostly low pay jobs. with more and more job qualifying for tax credits. ask also for numbers of tax credits during the "recovery" and also income based job seeker allowance, people just working 16hrs or less. - also housing benefit. / also the numbers and incomes for self-employed and their income development during the recovery, do they grow their income? or do they make ends meet? ] The best example of this is when looking at the growth of federal income and employment tax withholdings, the broadest and most timely read on the health of the job market, which as Jed Graham writes, "has been sinking at an alarming rate." While for most of 2015, tax withholdings rose at a rate of 5% or more from a year ago, on the back of job growth and gains in wages, commissions and other incentive pay, in recent months there has been a substantial dropoff in this key indicator.
FOI  UK  USA  recovery  Service  Sector  Jobs  economic  history  secular  stagnation  George  Osborne  wage  stagnation  low  pay  low  income  labour  market  precarious  work  Precariat  working  poor  disposable  income  discretionary  spending  income  growth  part-time  Zero  Hour  Contract  Contractor  self-employment  HMRC  IRS  Freedom  of  Information  Act  austerity  David  Cameron  nasty  party  PR  spin  doctor  Positioning  misrepresentation 
february 2016 by asterisk2a
Rural schools failing poor children compared to inner city - BBC News
[ higher tax base, higher spend / lower tax base, lower spend. there have to be subsidies for poorer areas to get quality teachers and the numbers # and up to standard school rooms. // South UK and rest UK difference. ] According to the 2015 figures from Ofsted, the schools regulator, 45% of pupils in Birmingham from poorer backgrounds achieved five GCSEs, grades A*- C, including English and maths. That compared with 35% in Worcestershire and 32% in Shropshire. Laura Fitzjohn, from Ofsted, said councils were shocked when shown the figures, and realised there was more they could do to improve the situation. //&! Children with poor language skills at age five are significantly more likely to struggle with maths at age 11, a study for Save the Children suggests. - bbc.in/1RNG1kd
Ofsted  education  policy  post  code  lottery  poverty  trap  child  poverty  poverty  deprivation  austerity  Council  microeconomic  policy  George  Osborne  Nicky  Morgan  Michael  Gove  David  Cameron  underinvestment  STEM  Tories  nasty  party  Conservative  Whitehall  Westminster  Toff  Privileged  Establishment  child  care  child  tax  credit  tax  credit  Precariat  working  poor  part-time  single  mum  low  pay  low  income  minimum  wage  Zero  Hour  Contract  Contractor  DWP  food  poverty  chronic  stress  constituency  Funding  PR  spin  doctor  Positioning  language  skills  skills  gap  skills  pre-school  Gini  coefficient  income  mobility  social  mobility  fairness  Generationengerechtigkeit  meritocracy  meritocratic  health  inequality  income  inequality  income  distribution 
february 2016 by asterisk2a
Full-time work is no bar to poverty in UK, report says | Society | The Guardian
Despite at least one adult working full time, millions of households cannot make ends meet, Joseph Rowntree Foundation reports [...] Millions of households struggle to make ends meet even though they include at least one adult in full-time work, according to a report by the Joseph Rowntree Foundation (JRF). Living standards have declined since 2008 despite the economy’s return to growth, the anti-poverty charity said, warning that families with children are at particular risk of a life in poverty. [...] The MIS is determined by asking members of the public to define what is needed to “live to an adequate level”. The threshold is £16,850 for a single person, £25,600 for a lone parent with one child and £36,060 for a single breadwinner with two children. [...] Approximately 11.6 million people in the UK live below the MIS, [...] An improving economy alone is not guaranteed to reverse this rise.” [...] [ no economic security in this recovery! ]
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february 2016 by asterisk2a
From Ticker - S&P: QE is driving inequality between the generations
Quantitative easing (QE) stabilized the economy but also exacerbated wealth disparity between rich and poor, mainly by boosting financial asset prices and house prices. //&! [ LOW PAY MINIMUM WAGE JOB CREATION ] During the U.K.’s recent “jobs-rich, pay-poor” economic recovery, strong employment gains were accompanied by a further rise of already high wage dispersion and an ever-growing share of part-time employment in lower income groups. //&! In the context of the tight housing market, low interest rates and QE are among the drivers behind the widening wealth and income gap between younger and older generations and between those on the housing ladder and those not on it. //&! Inequality is damaging! // bit.ly/1QtauyZ - Bank of England's recovery policies have increased inequality, finds S&P [...] spending too much on rent, not able to save for deposit! //&! bit.ly/1PPyEYl &! ti.me/1sbBtrz
QE  inequality  reflate  reflation  distortion  recovery  job  creation  Service  Sector  Jobs  UK  USA  fiscal  policy  monetary  policy  monetary  stimulus  unconventional  monetary  policy  Fed  BOE  bank  bailout  zombie  banks  zombie  consumer  zombie  corporations  ZIRP  NIRP  TARP  TLTRO  LTRO  ECB  equity  bubble  asset  bubble  property  bubble  Housing  Crisis  Help  to  Buy  Scheme  Help  to  Save  Right  to  Buy  income  inequality  Gini  coefficient  social  mobility  income  mobility  budget  deficit  austerity  George  Osborne  income  distribution  poverty  trap  tax  credit  low  pay  low  income  squeezed  middle  class  Precariat  Zero  Hour  Contract  Contractor  part-time  Tories  nasty  party  homeless  homelessness  social  affordable  Conservative  Toff  Privileged  Establishment  Funding  discretionary  spending  disposable  income  household  debt  consumer  debt  credit  card  debt  student  loan  debt  student  loan  student  debt  debt  servitude  economic  history 
february 2016 by asterisk2a
More Evidence Supporting the House of Debt | House of Debt
Many have argued that we overstate the importance of housing and household debt in explaining the Great Recession and weak recovery. They point to the banking crisis, policy uncertainty, or excessive regulation as equally or even more important. The data released today by the BEA show pretty clearly that the arguments we make in House of Debt remain relevant for thinking about economic weakness today. In our view, the explanation we provide is the most consistent with the striking difference in consumption across states. // From Comments: Without real median income rising you can’t grow in an economy based on debt expansion
secular  stagnation  consumer  debt  mortgage  market  household  debt  USA  UK  recovery  GFC  credit  card  debt  debt  servitude  debtoverhang  Richard  Koo  student  loan  debt  Super  Cycle  student  debt  debt  monetisation  debt  monetization  private  debt  fiscal  policy  monetary  policy  book  marginal  propensity  to  consume  consumerist  consumerism  zombie  consumer  discretionary  spending  disposable  income  negative  equity  job  creation  precarious  work  Precariat  low  pay  low  income  Service  Sector  Jobs  job-creation  squeezed  middle  class  Elizabeth  Warren  income  distribution  inequality  Gini  coefficient  income  mobility  social  mobility  American  Dream  post-racial  America  Joseph  Stiglitz  Thomas  Piketty  Paul  Krugman  part-time  Zero  Hour  Contract  Contractor  income  growth  income  inequality  economic  history  Super  Rich  1%  austerity  oligarchy  plutocracy  fiscal  stimulus  budget  deficit  corporate  welfare  tax  avoidance  tax  evasion  corporate  tax  rate  subsidies  subsidizing  welfare  state  social  safety  net  western  world  trickle-down  economics  neoliberalism  neoliberal  Chicago  School  credit  bubble  liquidity  trap  balance  sheet  recession  deleveraging 
february 2016 by asterisk2a
Draft EU deal: What Cameron wanted and what he got - BBC News
But how does the 16-page letter drawn up by the President of the European Council, Donald Tusk, measure up to what the prime minister originally wanted from the negotiations? The BBC's chief correspondent Gavin Hewitt gives his verdict while Europe correspondent Chris Morris looks at how the deal will be perceived elsewhere in the EU. //&! - bbc.in/20vdgOT - The deal, which includes an "emergency brake" on migrant benefits, paves the way for the UK's EU referendum to take place as early as June. But would this have the effect of reducing the number of EU migrants coming to the UK? Mark Easton has been investigating. ECONOMIC MIGRANT - bbc.in/1PVT25C &! bit.ly/1Qf0auj - FOI! - only 84,000 EU migrant families claiming tax credits have lived in the UK for four years or less [...] [ Cameron/Tories again selective and misleading. AND redefining migrant families even it the couple has one UK national! nasty party at work again redefining XYZ. ]
Brexit  immigration  migration  Schengen  Agreement  tax  credit  welfare  state  social  safety  net  low  pay  low  income  minimum  wage  Zero  Hour  Contract  Contractor  precarious  work  Precariat  UKIP  David  Cameron  Tories  nasty  party  Conservative  Fear  fearmongering  propaganda  Polarisation  populism  Rechtsextremismus  Rechtsruck  shadow  economy  FOI  Freedom  of  Information  Act  Positioning  PR  spin  doctor 
february 2016 by asterisk2a
Christine Lagarde: Housing is key issue for security of UK economy - BBC News
The UK's recent growth, employment progress and deficit reduction have been "strong", the International Monetary Fund (IMF) has said. Underlying economic vulnerabilities, including the supply and demand for housing, have been addressed and steady growth looks set to continue, it said. The IMF's Christine Lagarde said there were still some risks.
UK  Housing  Crisis  property  bubble  generation  rent  speculative  bubbles  Buy  to  macroprudential  policy  fiscal  policy  planning  law  monetary  policy  mortgage  market  austerity  budget  deficit  neoliberalism  IMF  OECD  neoliberal  trickle-down  economics  economic  history  ChristineLagarde  Privatisation  affordable  social  discretionary  spending  disposable  income  consumer  debt  household  debt  credit  card  debt  car  loan  secular  stagnation  wage  stagnation  squeezed  middle  class  Precariat  working  poor  job  creation  Service  Sector  Jobs  low  pay  minimum  wage  low  income  Zero  Hour  Contract  part-time  Contractor  recovery  productivity  output  gap  credit  bubble  debt  servitude  debtoverhang  liquidity  trap  Richard  Koo 
february 2016 by asterisk2a
The upsetting reality of modern day poverty
My food budget? About £45 a week. [...] You see, to Jamie Oliver, a £20 shoulder of lamb is "cheap", because it can do two meals and it’s not the leg, so costs less per kilo. Two meals, Jamie? For 20 bloody quid, I want at least four meals. It’s a sad day when I get angry at Jamie Oliver for being a pretentious, arrogant prick. [...] I can’t afford to smoke. I don’t know many people who can. I have bars of soap next to my sinks and I am able to use them to good effect. I am not dirty. I am relatively poor. There is a difference. [...] The reality is eating plain boiled rice and pretending to like it, so the kids don’t know there’s no other food except for what is on their plates. [...] The reality of poverty is the shame of always having to say, “Sorry, I can’t afford it.” [...] I’ll make you a coffee, but only if you don’t have sugar – that’s a luxury we only buy in if we’re going to make a cake.
poverty  food  poverty  DWP  sanctions  Bank  Iain  Duncan  Smith  low  pay  low  income  minimum  wage  precarious  work  Precariat  Zero  Hour  Contract  part-time  child  poverty  child  tax  credit  tax  credit  working  tax  credit  austerity  George  Osborne  David  Cameron  social  democracy  democracy  fairness  Generationengerechtigkeit  bailout  corporate  welfare  welfare  state  social  safety  net  disability  Disabled  vulnerable  mental  health  homelessness  social  housing  affordable  housing  Crisis  Tories  nasty  party  Positioning  public  sentiment  public  awareness  public  perception  public  image  Perspektivlosigkeit  deprivation 
february 2016 by asterisk2a
Revealed: the Tories new plan to squeeze the working poor (From Herald Scotland)
[ great picture of IDS. redistribution from bottom to the top. ] THE TORY government been attacked over plans to extend controversial benefit sanctions to claimants with jobs, with critics warning introducing the "shockingly harsh" penalties risks plunging workers into poverty. A number of pilot schemes are currently being carried out in the UK – including in Inverness – to assess a new scheme which the Department of Work and Pensions (DWP) says is aimed at helping workers on low earnings take on more hours and increase their income. Benefits can be stopped if claimants fail to meet requirements outlined by the DWP – such as missing Jobcentre appointments or failing to show evidence of looking for more work for a certain number of hours a week, on top of their usual job.
sanctions  DWP  Iain  Duncan  Smith  working  poor  part-time  austerity  poverty  child  poverty  food  poverty  Zero  Hour  Contract  Contractor  freelance  self-employment  precarious  work  Precariat  low  income  low  pay  minimum  wage  UK  Gini  coefficient  income  inequality  income  distribution  income  redistribution  fairness  Generationengerechtigkeit  bank  bailout  tax  evasion  tax  avoidance  Tories  nasty  party  Conservative  Funding  progressive  tax  code  corporate  welfare  subsidies  subsidizing  George  Osborne  David  Cameron  dogma  welfare  state  social  safety  net  ideology  neoliberalism  neoliberal  trickle-down  economics  tax  credit  Service  Sector  Jobs 
february 2016 by asterisk2a
A day in court showed me the misery of Britain’s housing policy | Polly Toynbee | Opinion | The Guardian
The housing crisis they inherited has worsened as rents rise, but David Cameron and George Osborne’s cuts to social housing are a bizarre response: the housing and planning bill going through parliament marks the end of the social housing era. Not by accident but by deliberate policy, 88,000 council homes to rent will be lost, says the Conservative-controlled Local Government Association. Labour says the total will be 180,000 by 2020. Money is sucked out of social housing into the Treasury, as the 1% rent cut saves on the housing benefit bill by stealing funds due to pay for new social homes. Half of all renters get some housing benefit, with the continuous rise in rents. Cutting that support simply propels more into homelessness.
poverty  trap  poverty  social  housing  affordable  housing  Crisis  UK  DWP  Universal  Credit  Council  Starter  Homes  David  Cameron  precarious  work  Precariat  working  poor  Zero  Hour  Contract  Contractor  part-time  nasty  party  trickle-down  economics  neoliberalism  neoliberal  Privatisation  post  code  lottery  Gini  coefficient  income  mobility  social  mobility  inequality  Generationengerechtigkeit  fairness  generation  rent  George  Osborne  budget  deficit  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  corporate  tax  rate  general  election  2015  election  campaign  promises  Manifesto  austerity  policy  folly  policy  error  dogma  ideology  constituency  fearmongering  Fear  manufactured  consent  PR  spin  doctor  Positioning  Tories  Conservative  tax  Westminster  Toff  Privileged  Establishment  child  poverty  education  policy  job  security  insecurity  uncertainty  well  being  mental  health  Depression  health  inequality  food  poverty  budget2015 
february 2016 by asterisk2a
David Cay Johnston; How The One Percent Enrich Themselves at Government Expense, part 1 - YouTube
min 10 - gov sets the rules and rule define the civilisation and the quality of lives. // min14 - people don't want you to see and know what they are doing [...[ you need journalist who are sceptical about what the gov is saying and telling you what they do, but what the gov is actually doing >> truth tends to lead to better policy << [...] you publish when you have it, not when its good timing. // 23:40 - moral point of Super Rich and tax evasion/avoidance.Andrew Mellon. Adam Smith and the Bible: taking from the poor and giving it to the rich. is a denounced evil. you society will come to ruins. AND HERE COMES DAVID CAMERON in his christmas/new years message with CHRISTIAN VALUES! What a liar, what a hypocrite. - ind.pn/1ZqA8eh - David Cameron says Christian values make Britain successful. Why? - bit.ly/1WTGAJd &! bit.ly/1JwfUqp &! bbc.in/1ZqpPqG - << DWP Sanctions //32:40 flawed policy by flawed public understanding how the economy works and politics - disconnected from reality! -
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january 2016 by asterisk2a
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