asterisk2a + deficit   301

Gescheitert ǀ Dreißig Jahre Abwegigkeit — der Freitag
Nun stellt eine UN-Studie klar: Die Rentenprivatisierung ist ein weltweites Debakel
pension  deficit  scheme  Privatisation  bailout  Rentnerrepublik 
8 weeks ago by asterisk2a
Yes this really is the end of Tory austerity – because it was never about economics in the first place | The Independent
[private sector will pick up the tap - the households did, but not corporations! bc long-term ROI growth in not attractive in the west w secular stagnation! see Richard Koo ] But it was a very long time coming. It became clear within a year of George Osborne’s 2010 “emergency budget”, which forced through huge cuts in capital budgets and an intense squeeze on Whitehall departments and welfare spending, that the austerity medicine was hurting, not helping.

The economy was flatlining, teetering on the verge of recession. Whether this was primarily due to the crisis in the neighbouring eurozone and a spike in global oil prices or because the negative knock-on impact of the government’s domestic spending cuts was bigger than initially thought is still debated by economists.
Austerity  Brexit  GE2017  Confidence  Fairy  GFC  bank  bailout  welfare  state  living  standard  deficit  debt  government  household  personal  loan  credit  card  creditcard  underinvestment  inequality  economic  history  social  mobility  income  growth  wage  disposable  discretionary  spending  gini  coefficient  tax  evasion  avoidance  taxation  corporate  taxcut  capital  labour  Productivity  output  gap  recovery  secular  stagnation  infrastructure  investment  Privatisation  Theresa  May  George  Osborne  David  Cameron  Ideology  neoliberal  neoliberalism  ZIRP  NIRP  QE  bond  bubble  asset  reflation  housing  distortion  malinvestment  stimulus  Tories  nasty  party  Conservative  RichardKoo  Koo  Richard 
june 2017 by asterisk2a
Budget 2017: Asset sales to thank for UK's figures? - BBC News
'we are not paying our way in the world' -- highlight the cheat the Tories are. 1 sale of national assets to lower debt. still horrible trade balance deficit now w even weaker pound. And not mentioned the recovery supported greatly by household debt bubble and mortgage party. GDP per capita, wage growth v inflation, living standard, current account deficit, underinvestment/austerity in edu and health (see imf paper), ... UK becoming a basket case.
Budget  Tories  Conservative  PFI  Assets  George  Osborne  Theresa  May  Manufacturing  underinvestment  Philip  Hammond  London  Services  nasty  party  ZIRP  NIRP  QE  household  debt  consumer  credit  card  creditcard  mortgage  housing  bubble  Productivity  output  gap  skills  STEM  education  policy  Austerity  current  account  deficit  GFC  bank  bailout  GDP  per  capita  IMF  technological  unemployment  David  Cameron  social  mobility  income  wage  growth  downward  gini  Coefficient  child  poverty 
march 2017 by asterisk2a
Universities minister announces sale of student loan book | Education | The Guardian
[ corporatists/banks will neg lower price than actual/current value. Bc (1) inflation (2) no-repayments/delayed repayment/default (3) lower repayment rates in future than expected bc of econ. et al. Tories selling gov assets at firesale prices because of its fetish w the deficit caused by the bank bailout. ] But Hillman raised concerns about whether the sale would result in taxpayers getting value for money, saying: “We saw in Gordon Brown’s sale of the government’s gold and also in Vince Cable’s sale of Royal Mail how hard that is to achieve and how controversial it can be if the price paid comes to seem too low.

“Ministers will say the underlying legislation only allows sales that are good value for money, but it takes time to know if that has happened in practice.”
deficit  UK  government  debt  Privatisation  profit  maximisation  financial  services  consumer  student  loan  Tories  budget  Conservative  Party  nasty  George  Osborne  Austerity  underinvestment  asset  David  Cameron  Theresa  May  IMF  economic  history  recovery  Brexit 
february 2017 by asterisk2a
Brex and the City – Brexit podcast | Politics | The Guardian
BREXIT SENDS SIGNAL YOU ARE NOT WELCOME. // Financial Services 70bn for Treasury (Philip Hammond), not including the english law services, (international) consulting, and all the contractors, shops, consumption coming from good salaries. London is biggest exporter, if ther would be no London, trade deficit £ would be twice as big. // http://www.bankofengland.co.uk/pra/Pages/authorisations/passporting/default.aspx
Brexit  London  Philip  Hammond  current  account  deficit  trade  banking  financial  services  passporting  rights  BOE  FSA  regulation  self-regulation  GFC  economic  history  FDI  underinvestment  regulators  bank  bailout 
february 2017 by asterisk2a
Hard Brexit means retiring later, Britons warned | UK news | The Guardian
Drastic cuts to migration will skew the ratio of working-age people to pensioners, delaying pension payments, modelling for the Guardian shows [...] Rises in the state pension age are already anticipated as a result of increased life expectancy and large numbers of baby boomers retiring. But further delays to pension payments will be necessary if current levels of immigration, which sustains the country’s old age dependency ratio, are not maintained, the Oxford university work indicates. [...] John Cridland, the former CBI director who is reviewing the state pension age, told a recent conference run by the International Longevity Centre UK that the affordability of the state pension into the future had been made uncertain by “the Brexit factor”.
Brexit  immigration  Demographic  bubble  pension  scheme  deficit  babyboomers  budget  triple  lock  ageing  population 
january 2017 by asterisk2a
Sterling: A political animal | FT Markets - YouTube
fx vigilante. bond figilante. collective market doesnt like brexit. thus sells off. NO BUYING INTEREST! now £ is a political currency!!! // fall of £ is a painful solution to possible adjustment towards healthier economy. // E/£ parity by end of next year as we get concrete about exit with negotiations. this is uk prob not eu prob, brexit.
Brexit  foreign  exchange  FX  British  Pound  Sterling  FDI  direct  investment  current  account  deficit  currency  war  devaluation  budget  BOE  Mark  Carney  QE  ZIRP  NIRP  inflation  RPI  CPI  property  bubble  fiscal  monetary  policy  austerity  GDP 
october 2016 by asterisk2a
Iain Duncan Smith tries to sell a 2018 Brexit fantasy on Sunday Politics - YouTube
nasty party and austerity party tries to pitch itself as workers party at 2016 conservative party conference. after the squeezed middle class of england voted out of EU //&! sorry theresa, there can be no true meritocracy! - https://youtu.be/XVDUoHMf1_Y?t=14m &! Philip Hammond can't stop himself to repeat again that Labour allegedly mismanaged the economy/budget - https://youtu.be/fn2pd8UBNX4?t=38m "the is no money" note. & we inherited a recession from "Labour" & and selling low borrowing cost as own achievement. & selling itself as the true party of British "working people." & grown faster [and racked up debt (private & publich) at same time.] & "living within its means" but "pragmatic" & "high wage high skill economy" & productivity & want to see tax receipts here in Britain (tax evasion and avoidance) & will lower corp tax rate further!
working  poor  poverty  child  austerity  tax  credit  Philip  Hammond  Theresa  May  DWP  ESA  JSA  George  Osborne  middle  class  squeezed  Brexit  NHS  Crisis  David  Cameron  Iain  Duncan  Smith  budget  deficit  consumer  debt  household  wage  growth  income  inequality  Super  Rich  1%  10%  20%  Westminster  No  Representation  Career  Politicians  free 
october 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
U.K. Faces Short Recession as Brexit Hammers Spending, EY Says - Bloomberg
The U.K. will fall into a “short, shallow recession” around the turn of the year as Brexit hits house prices, jobs and spending [...] it’s slashing its 2017 growth estimate to 0.4% from 2.6% & predicting the BOE will cut interest rates to zero by the end of 2016. Tax reductions are also a possibility [...] as the government scales back austerity to aid an economy reeling from the shock vote to pull Britain out of the [EU]. “We would expect a permanent reduction in the level of U.K. output and productivity.” Business investment will drop 2% next year and the jobless rate will reach 7.1 percent by 2019
GBP  Brexit  British  Pound  recession  ZIRP  QE  austerity  Theresa  May  Philip  Hammond  productivity  productivity  gap  output  output  gap  GDP  business  confidence  consumer  confidence  unemployment  economic  forecast  economic  history  budget  deficit 
july 2016 by asterisk2a
The Hidden Wealth of Nations - YouTube
This lecture will discuss how big the wealth hidden in offshore tax havens is, what are the consequences for inequality, how tax havens work and are organized, and how we can begin to approach a solution. // 8trn dollars. // some 8% or more of wealth offshore. some parts ie russia even more
Thomas  Piketty  tax  evasion  tax  avoidance  tax  loopholes  tax  loopoles  corporate  welfare  subsidies  subsidizing  Lobbying  lobby  lobbyist  No  Representation  Career  Politicians  politician  neoliberal  neoliberalism  tax  haven  corporate  tax  rate  corporate  tax  budget  deficit  bank  bailout  GFC  crony  capitalism  capitalism  capitalism  in  crisis  inequality  income  distribution  1%  10%  20%  rentier  rent-seeking  Gini  coefficient  social  mobility  income  mobility  working  poor  Precariat  squeezed  middle  class  Bankgeheimnis  Panama  Papers  book  multinational  conglomerate 
july 2016 by asterisk2a
Bundesbank head Jens Weidmann - Brexit is no excuse to loosen EU budget rules
Reuters report that this puts Weidmann at odds with German Economy Minister Sigmar Gabriel, who has called for Europe's "Stability and Growth Pact" to be boosted for more growth.
-
So, we've got a politician wanting to spend more.
And the head of the Buba saying "No!"

Same old :-D //&! http://news.forexlive.com/!/germany-will-stick-to-balanced-budget-report-20160701
lost  decade  Brexit  fiscal  stimulus  fiscal  policy  BuBa  Bundesbank  ECB  MarioDraghi  trichet  Angela  Merkel  austerity  budget  deficit  Germany  Pact  Schuldenbremse  Wolfgang  Schäuble  liquidity  trap  Mark  Blyth  economic  history  inflation  targeting  inflation  expectation  inflation  expectations  recovery  Jens  Weidmann  monetary  policy  global  economy  Schwarze  Null  Exportweltmeister  Beton  Gold  Betongold  ZIRP  NIRP  QE  distortion  Richard  Koo  European  Union  zombie  bank  zombie  banks  NPL  PIGS  non-performing  loan  underinvestment 
july 2016 by asterisk2a
Tory tax and benefit plans ‘widen generation divide’ | Politics | The Guardian
New analysis of how money will shift from young to old over the next four years has been produced by the foundation as it announces a new intergenerational commission aimed at creating a fairer deal for voters aged under 25. The analysis, which breaks down the impact of tax and welfare changes planned for this parliament by age, shows that people in their 30s will experience the biggest losses of any age group, losing an average of £220 a year by 2020.

In contrast, people in their 60s are set to be the largest beneficiaries, gaining an average of £170 a year. The research also shows that 45 is the age at which people, on average, move from losing to gaining from forthcoming tax and benefit polices in this parliament.
Brexit  recession  austerity  George  Osborne  David  Cameron  fiscal  policy  monetary  policy  fairness  lost  decade  triple-lock  pension  budget  deficit  student  debt  DWP  benefits  housing  benefit  JSA  Universal  Credit  lost  generation 
july 2016 by asterisk2a
Alan Greenspan on Brexit, U.S. Economy, and Inflation (Full Interview) - YouTube
UK out of Euro Currency but part of free trade single market was best option on table. // lack of leadership for political union and fiscal union aka ever closer union. not just currency and trade union (free trade). // GET AT THE ROOT ISSUE; productivity, ageing population (entitlement crisis), stagnant wages, secular stagnation = desperate population // European banks some still burdened by sov debt crisis/NPL (= zombie banks) & NIRP & QE & lack of uptake in business & consumer loans. // no back-up to the ECB (balance sheet) yet. what happens if the EURO stops being a hard currency? get Greece out, is a liability. // EU can not go on in Status Quo indefinitely. ie funding southern states. States have to get on course of economic harmony! everyone has to give up something! // Precariat/Squeezed Middle Class/Social Mobility = creates desperate people. // Entitlements are a legal issues. Productivity and Growth Rates can't fund entitlements. = There will be a crisis. // Career Politicians won't touch it. // History (look at M2) this environment ends up in inflation. not time or data.
European  Union  Brexit  fiscal  Political  Union  ECB  Alan  Greenspan  Fed  Yanis  Varoufakis  Janet  Yellen  PIGS  sovereign  debt  crisis  secular  stagnation  productivity  gap  disposable  income  discretionary  spending  ageing  population  current  account  deficit  budget  deficit  GFC  entitlement  spending  Abenomics  monetary  policy  fiscal  policy  pension  obligation  babyboomers  Baby  Boomers  immigration  NIRP  ZIRP  QE  economic  history  Germany  Angela  Merkel  BOE  Mark  Carney  rising  middleclass  squeezed  middle  class  working  poor  Precariat  populism  demagogue  demagogy  Donald  Trump  western  world  savings  rate  Gini  coefficient  social  mobility  income  mobility  triple-lock  pension  pension  fund  pension  scheme  democracy  Career  Politicians  politician  output  gap  M2  inflation  targeting  M3  commodity  prices  global  economy 
june 2016 by asterisk2a
Firms plan to quit UK as City braces for more post-Brexit losses | Business | The Guardian
The IoD said a quarter of the members polled in a survey were putting hiring plans on hold, while 5% said they were set to make workers redundant. Nearly two-thirds of those polled said the outcome of the referendum was negative for their business. One in five respondents, out of a poll of more than 1,000 business leaders, were considering moving some of their operations outside of the UK. //&! The chief executive of Deutsche Bank – which employs 11,000 in the City – has played down the long-term impact. John Cryan, who is British, told Handelsblatt: “The financial centre won’t die but it will get weaker.” - bit.ly/28WkoMZ
Brexit  recession  City  of  London  European  Union  FDI  foreign  direct  investment  GBP  current  account  deficit  budget  deficit  fiscal  deficit  austerity  monetary  policy  fiscal  policy  BOE  ZIRP  NIRP  QE  distortion  inflation  targeting  inflation  expectation  business  confidence  consumer  confidence  British  Pound  uncertainty 
june 2016 by asterisk2a
‘The City’, by Tony Norfield - Banking as seen from the belly of the beast
[ current account deficit only affordable (thus also living standards) bc of City of London ] This is a man who writes without irony about “financial parasitism”. In The City: London and the Global Power of Finance, he seeks to document just how the UK and the US extract their pound of flesh from the rest of the world by dominating the financial flows that make international trade possible.

He argues that London’s leading role in foreign exchange trading, derivatives and overseas lending is an extension of its imperialist past. Creating complex financial products and charging for them has enabled the sector to requisition for the UK and London — and, of course, bankers themselves — a disproportionate share of the benefits of global trade. [...] [ extracting value from around the world channelling it back ] &! Novara Media interview - bit.ly/297c6D3
Brexit  City  of  London  banking  business  investment  banking  current  account  deficit  GBP  derivatives  financial  product  financial  services  Global  Finance  British  Empire  Imperialism 
june 2016 by asterisk2a
CURRENT ACCOUNT DEFICIT ON THE BALANCE OF PAYMENTS: THE MOST DAMNING STATISTIC!
If you want to understand how an economy is performing and how sustainable its economic growth then look at the current account balance. Officially it is often ignored and there are attempts to play down its significance. After all it is always only just a few years away from an election so the very short term is considered much more important than the long term strength and economic health of the economy. Dire straits is not an underestimate of the current damaged state of the UK economy and indeed many other western economies. [ affordable only bc of City of London (Banking and Co.)! - bit.ly/297c6D3 - Novara Media - The City: In Conversation with Tony Norfield ]
UK  current  account  deficit  trade  deficit  fiscal  deficit  Brexit  western  world  secular  stagnation  inflation  targeting  nominal  GDP  targeting  austerity  aggregate  demand  USA  Manufacturing  industrial  policy  energy  policy  GBP  City  of  London  book  British  Empire  unitedkingdom  standard  of  living  living  standard  economic  history 
june 2016 by asterisk2a
Pound falls further in Asian trading on Monday
Traders will be watching the UK's financial position closely over the coming months. "The funding position of the UK, with its twin current account and fiscal deficits, are the next pressures to weigh," Mr Cook said. The UK's current account deficit measures the balance of trade, investment income and money transfers. That deficit means that the UK must borrow to pay its way in the world. The fiscal deficit refers to the gap between government expenditure and income that has to be financed by borrowing.
Those indicators of the UK's financial health will also affect how much the UK government has to pay to borrow. On Friday there was demand for UK government debt, which drove down the yield - an early indication that the UK should be able to continue to borrow cheaply. //&! George Osborne will issue a statement early on Monday morning in a bid to calm markets after the surprise Brexit vote triggered turmoil on Friday. - bbc.co.uk/news/business-36636762
Brexit  fiscal  deficit  fiscal  policy  current  account  deficit  foreign  direct  investment  FDI  austerity  George  Osborne  BOE  ZIRP  NIRP  QE  Mark  Carney  secular  stagnation  recession 
june 2016 by asterisk2a
EU referendum: Moody's cut UK's credit outlook to 'negative'
EU head Jean-Claude Juncker said it was "not an amicable divorce", but it was "not a tight love affair anyway".
Moody's said the referendum result would have "negative implications for the country's medium-term growth outlook", and it lowered the UK's long term issuer and debt ratings to "negative" from "stable". [...] "In Moody's view, the negative effect from lower economic growth will outweigh the fiscal savings from the UK no longer having to contribute to the EU budget."
It also said the UK had one of the largest budget deficits among advanced economies.
Brexit  credit  ratings  creditrating  creditrisk  FDI  foreign  direct  investment  UK  austerity  budget  deficit 
june 2016 by asterisk2a
Pascal Lamy: Gove is 'pie in the sky' on Brexit - BBC Newsnight
Trade w europe may be currently shrinking (eu 'crisis'), but how much negotiation lever do you have as UK vs Europe (one single market/consumer!?) That is what Daniel Hannan does not highlight, the leverage of size to access, in negotiations with other countries. [...] 'trade negotiations are so long because they are so tough' [...] what will the UK have to give up, to gain access to foreign markets for their measly 20% of the whole economy (production, ie also house building, not just export/manufacturing)!? (2015, 80% of UK GDP growth consisted of consumption). Competing with much more competitive industry now! ( ie Cars. Ford's new plant in Mexico/Latin America ...) [...] "You can not exit and keep the benefits while you were in!" //&! >> What kind of trade deal could we get if we left the EU? - youtu.be/Pj9nPncM61M &! youtu.be/r8MiUI2eN6c
Brexit  free  trade  trade  agreement  TTIP  TTP  CETA  NAFTA  FDI  foreign  direct  investment  trade  deficit  current  account  deficit  Manufacturing  industrial  policy  policy  folly  policy  error  energy  policy  Steel  Industry  Steel  Crisis  competition  competitive  competitiveness  competitive  advantage  comparative  advantage  macroeconomic  policy  microeconomic  policy 
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.
secular  stagnation  Panama  Papers  tax  evasion  tax  amnesty  tax  avoidance  corporate  tax  rate  labour  market  job  market  Service  Sector  Jobs  income  tax  receipts  budget2016  George  Osborne  David  Cameron  general  election  2015  general  election  2020  election  campaign  promises  Party  Funding  Richard  Koo  Confidence  Fairy  austerity  underinvestment  Generationengerechtigkeit  triple-lock  pension  fairness  Generation  Rent  Housing  Crisis  property  bubble  USA  UK  reflation  reflate  fiscal  policy  Pact  Schuldenbremse  Angela  Merkel  Wolfgang  Schäuble  GFC  sovereign  debt  banking  bank  bailout  job  creation  squeezed  middle  class  working  poor  disposable  income  discretionary  spending  IMF  OECD  credit  bubble  China  BRIC  recovery  Germany  economic  history  2016  Niall  Ferguson  budget  deficit  offshore  banking  investment  banking  TBTF  self-regulation  Greed  crony  capitalism  shareholder  capitalism  globalisation  globalization  global  economy  Oil  price  commodity  prices  ChristineLagarde  inequality  Gini  coefficient  income  mobility  social  mobility  low  pay  low  income  tax  credit  child  poverty  food  poverty  health  care  cost  health  care  demand  western  world  European  Union  Brussels  Brexit  Grexit  sick  population  health  economic  Union  Union  investment  policy  fiscal  me 
april 2016 by asterisk2a
Mossack Fonseca: The Nazi, CIA And Nevada Connections... And Why It's Now Rothschild's Turn
What the story is about is the nebulous world of offshore tax evasion and tax havens, which based on data from the World Bank, IMF, UN, and central banks, hide between $21 and $32 trillion, where registered incorporation agents and law firms in small Caribbean countries (and not so small US states) make the laundering of money and the "disappearance" of the super wealthy, into untracable numbers hidden behind shell companies, possible. [...] Why is Nevada important? Because recall that according to a recent investigation by Bloomberg, "The World’s Favorite New Tax Haven Is the United States" ... [...] Rothschild’s Penney wrote that the U.S. “is effectively the biggest tax haven in the world.”
Panama  Papers  tax  evasion  tax  amnesty  tax  avoidance  money  laundering  bribery  corruption  Schwarze  Kassen  Schwarzgeld  Schwarzkasse  USA  lobby  Lobbying  lobbyist  revolving  door  Career  Politicians  tax  loopholes  Washington  Super  Rich  1%  plutocracy  oligarchy  trust  democracy  No  Representation  economic  history  crony  capitalism  shareholder  capitalism  budget  deficit 
april 2016 by asterisk2a
Gerald Celente On Soros & The Panama Papers & Why A Hillary Clinton Presidency Means War
Why do they not publish all the name that use the services and avoid taxes legally through tax loopholes?!?! All the sudden it is PRIVATE DATA! national accounts of a county economically damaged by tax evasion and avoidance is all the sudden PRIVATE DATA. A PRIVATE MATTER. Who's names did they publish? Russia, China, ... Iceland and a non-incriminating account of David Cameron. It stinks! Doesn't pass the sniff test. //&! Full Show: Soros And CIA Behind Panama Papers - 04/05/16 - The Alex Jones Channel - youtu.be/qNKAt3DxZXo [...] min 1:09:00 - John McAfee "smear enemies [...] we know who you are, we can black mail you" west keeps it's powder dry! //&! zerohedge.com/news/2016-03-28/top-german-journalist-admits-mainstream-media-completely-fake-we-all-lie-cia >> police infiltrated Greenpeace and other activist groups because they are deemed terrorists, duh. What stops them to go even further, nowadays?
Panama  Papers  Iceland  western  world  Putin  vladimirputin  journalism  journalismus  journalist  democracy  Lügenpresse  trust  No  Representation  Whistleblower  Wikileaks  Platfom  transparancy  transparency  accountability  propaganda  Positioning  conglomerate  multinational  offshore  banking  GFC  budget  deficit  austerity  squeezed  middle  class  working  poor  Precariat  refugee  crisis  media  conglomerate  Polarisation  populism  smoke  screen  smoke  mirror  deceit  neoliberal  neoliberalism  neoconservatism  neoconservatives  Super  Rich  1%  plutocracy  oligarchy  Hegemony  CIA  NSA  China  Russia  fake  grassroots  activism  activist  grassroots  Wikipedia  Food  Politics  PR  shareholder  capitalism  Greed  crony  capitalism  capitalism  Career  Politicians  corruption  bribery  ethics  moral  beliefs  status  quo  governance  mainstream  media 
april 2016 by asterisk2a
A tax inspector calls
That's why the unsnappily-titled Joint International Tax Shelter Information and Collaboration network (JITSIC) is gathered in Paris, under the umbrella of the (cumbersomely-monickered) Organisation for Economic Co-operation and Development (OECD).
This so-called 'rich countries club' has been given the task of pursuing the erosion of countries tax bases by multi-national corporations. That much has been agreed by the G7 developed nations group, and the wider G20.
And in researching this, the OECD has come up with some fairly startling findings about the extent to which multi-nationals game the system. [...] As I noted before, they reckon that between $100bn and $240bn of corporate tax goes unpaid because of these accounting practices
Panama  Papers  HMRC  tax  amnesty  tax  avoidance  tax  evasion  IMF  OECD  multinational  conglomerate  offshore  banking  budget  deficit  shareholder  capitalism  crony  capitalism  capitalism  in  crisis  capitalism  austerity  squeezed  middle  class  working  poor  G8  G20 
april 2016 by asterisk2a
Is Stephen Crabb the man to tackle this age of extreme inequality?
The Panama Papers will lead to the dynamiting of Tory credibility, but new work and pensions secretary, Stephen Crabb, is unlikely to prove the saviour of his party’s reputation. [...] Last autumn’s U-turn over cuts to working tax credits was a smoke screen. The axe will fall, only not everywhere, not just yet. From this week, existing universal credit claimants will lose up to £220 a month as the work allowance is pared back faster than the national living wage increases to replace it. [...] Short of taking a vow of poverty and retreating like Charles V to a monastery, there is nothing he can say now that will change the perception that he is at the head of a party that has a fundamental personal interest in preserving the advantages of the 1%.
Stephen  Crabb  nasty  party  tax  credit  Universal  Iain  Duncan  Smith  welfare  reform  welfare  state  poverty  trap  poverty  child  poverty  social  safety  net  sanctions  JSA  ESA  PIP  Disabled  vulnerable  mental  health  austerity  George  Osborne  David  Cameron  Tories  Conservative  Positioning  PR  spin  doctor  manufactured  consent  snap  judgement  prejudice  triple-lock  pension  Generationengerechtigkeit  fairness  bank  bailout  budget  deficit  aggregate  demand  Budget2016  budget2015  general  election  2015  election  campaign  promises  Funding  constituency  Super  Rich  oligarchy  plutocracy  Confidence  Fairy  1%  democracy  food  poverty  fuel  poverty  tax  evasion  tax  amnesty  tax  avoidance  Panama  Papers  offshore  banking  tax  loopoles  lobby  No  Representation  Career  Politicians  Gini  coefficient  inequality  social  mobility  income  mobility  deprivation  crony  capitalism  shareholder  capitalism  corporate  welfare  HMRC  revolving  door  corporate  tax  rate  capital  gains  tax  DLA  Independent  Living  Fund  Holyrood 
april 2016 by asterisk2a
Future of Steel - Ken Clarke & Paul Mason - BBC Newsnight
[TORIES CRISIS: bedroom tax, JSA sanctions killing people, Food Banks, redefining child poverty and fuel poverty, Independent Living Fund closed, Housing Crisis, tax cut defeat in Lords, mental health, NHS strikes, Hinkley Point C, energy prices, London Airport expansion/3rd runway, ESA cut, PIP cut and resignation of IDS, Brexit splitting the Party, shit world economy, can't touch triple-lock pensions, Academy plans, Panama Papers (British Territory: Bahamas, Cayman & Co).] Now - Tories are victims to their own policy of underinvestment since 2010 of a future-proof economy "long-term predictability" [BREXIT & austerity not predictable]. Energy prices too high, not competitive. Manufacturing never recovered. Monetary policy has run its course (sedative + Chinas credit bubble). policy folly now wholly exposed! AND now they tinker with the idea of picking winners! LOL! nationalising or part-nationalising through guarantees or subsidies on energy price. & youtu.be/QJw24Z-cEoQ
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april 2016 by asterisk2a
What the Panama Papers Tells Us About Global Capitalism
never seen David Cameron red-faced, so much! [...] sold in 2010!? And what was before that time? The time he was a MP!? [...] we are not all in this together, for sure! // book the hidden wealth of nations. - 7-8trn tax evasion and avoidance - not taxed. //&! Rumble - Just like FDR - Bernie Welcomes the GE CEO Hatred... - youtu.be/jT7NIoDS1gw - taking advantage of the tax laws THEY MADE.
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april 2016 by asterisk2a
Achselzucken schadet
Panama Papers Warum der Zynismus, mit dem die Leaks vielfach aufgenommen wurden, die falsche Reaktion auf die Enthüllungen ist [...] So wie es keine Neuigkeit ist, dass die globale Finanzelite sich eine juridisch-ökonomische Parallelwelt geschaffen hat. [...] Dennoch ist der fatalistische Zynismus, mit dem die Leaks vielerorts aufgenommen wurden, nicht nur falsch, sondern sogar gefährlich. Aus zwei Gründen: zum einen, weil der Zynismus eine Sprache ist, die der Neoliberalismus perfekt beherrscht. „Der Zyniker“, so schreibt etwa der Philosoph Franco Berardi, „ist ein leichter Schläfer: Er schläft traumlos und wacht auf, sobald die Macht ihn ruft.“ Wer sich in solcher Abgeklärtheit einrichtet, muss sich nicht wundern, wenn am Ende alles so bleibt, wie es ist.
Panama  Papers  cynicism  tax  amnesty  tax  avoidance  tax  evasion  Super  Rich  1%  oligarchy  plutocracy  Establishment  Privileged  squeezed  middle  class  working  poor  Precariat  voter  turnout  Lügenpresse  refugee  crisis  immigration  migration  trickle-down  economics  free  market  self-regulation  lobby  revolving  door  Career  Politicians  trust  western  world  Niall  Ferguson  secular  stagnation  democracy  corruption  bribery  Schwarze  Kassen  Schwarzgeld  austerity  budget  deficit  bank  bailout  GFC  recovery  crony  capitalism  shareholder  capitalism  Wall  Street  profit  maximisation  profit  maximization  No  Representation 
april 2016 by asterisk2a
Im Zweifel links: Nimm, was du kriegen kannst!
Der globale Kapitalismus macht die ganze Welt zum Spielplatz der Reichen. Die Panama Papers erinnern daran: Nicht die Flüchtlinge sind unser Problem - sondern die Steuerflüchtlinge. //&! Die Mensch-Maschine: Leak ist Pop! Die Inszenierung übertrumpft die Inhalte: Die Panama Papers zeigen, wie sich die Bedeutung von Leaks verändert hat. Jeder liest darin, was er eh schon immer geglaubt hat. - bit.ly/25MV0AF //&! Briefkastenfirmen zerstören die Marktwirtschaft - bit.ly/1q2Vt0S //&! taz.de/!5289286/ //&! Die Panama Papers und das „Lügenpresse“-Dilemma - bit.ly/1VbfejK //&! bit.ly/1N6I1ya - kapitalistische Medienlogik //&! bit.ly/1SGNSfA - NO NYT //&! bit.ly/1PQor9j //&! cynycism wrong reaction - bit.ly/1SnKVjC
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april 2016 by asterisk2a
Where are all the Americans in the Panama Papers?
The Panama Papers leak has captured heads of state like Vladimir Putin and the leader of Iceland, but it hasn't mentioned many Americans, at least so far. Why? Perhaps because America is a pretty great place for rich Americans to hide their money. Meanwhile, the law firm at the center of the shell company-tax evasion scandal, Mossack Fonseca, is scaling back its operations now that -- in its own words -- "the cat is out of the bag." //&! http://bloom.bg/228ukpg //&! http://www.vox.com/2016/4/3/11356326/panama-papers
Panama  Papers  tax  evasion  tax  amnesty  tax  avoidance  Super  Rich  1%  tax  loopoles  plutocracy  oligarchy  USA  UK  western  world  secular  stagnation  budget  deficit 
april 2016 by asterisk2a
The Week Ahead: the return of the nasty party and a good week for Brexit
David Cameron and George Osborne wanted to cut even more! //&! Nicky Morgan's embarrassing interview over Tory cuts to disabled welfare - youtu.be/hjk06tjx_xQ //&! Jeremy Corbyn - youtu.be/Ain-IP4pHCk //&! IFS: cutting disability benefits to fund tax cuts is a political choice - youtu.be/xVBf9dSa9Mw //&! MANIFESTO Election Campaign Promises - Tories hoist by their own petard over disability cuts - youtu.be/N8VijFKLQek //&! also closed Independent Living Fund - youtu.be/nurjzK5VPAI //& "The electorate don't mind. Those who vote aren't affected." *George Osborne - youtu.be/N8VijFKLQek - WCA to bring down bill by kicking people off was a pipedream & Universal Credit is a real cut in benefits. //&! Nicky Morgan's nightmare defending Osborne's nasty budget - youtu.be/Y9YNcQF4t8I - 12bn cuts were promised in Manifesto 2015. 4.4 tried through PIP. youtu.be/5-3Bp7qzj4Y (pre-election) //& cutting corporation tax (& capital gains tax) - youtu.be/gZ6qNHLnbs0 &! Analysis - youtu.be/v-qmvI9s3pE
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april 2016 by asterisk2a
Panama Papers (BBC)
links to 72 current or former heads of state [...] dictators looting their own countries [...] helped clients launder money, dodge sanctions & evade tax. [...] never been accused or charged with criminal wrong-doing [...] company is a corporate screen established principally to protect the identity and confidentiality of the ultimate beneficial owner of the company. [...] + Icelandic Prime Minister //&! bbc.in/232EEVN &! How To Insight - bbc.in/1M8Xi6N &! The Guardian - bit.ly/232F3Hz &! Reddit - redd.it/4d8rta &! panamapapers.sueddeutsche.de & live ticker tuesday - bbc.in/23cAl6M &! bbc.in/1TyCuXT - Panama is British Territory as is Cayman Islands et al. //&! Change the rules and close the loopholes! Duh. No need to ask others to stop doing business or change their rules!
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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
George Osborne: A profile of the man behind the Budget - BBC Newsnight
// 70% of UK economy growth (GDP), 2015, was consumption. // and trade deficit/current account deficit for 2015, biggest ever on record ---- The UK's current account deficit widened to a record high in the final quarter of last year.
The deficit in the three months to December was £32.7bn, the equivalent of 7% of GDP, said the Office for National Statistics (ONS).
For all of 2015, it came to £96.2bn or 5.2% of GDP. Both figures were the highest since records began in 1948.
A current account deficit means the value of imports of goods, services and investment income exceeds exports.[...] "An obvious potential trigger for the markets losing confidence in the UK economy could be a vote to leave the EU in the 23 June referendum." [ harder to finance w weak Sterling and higher interest rates, rating agencies hinted at the case of a downgrade of UK's credit worthieness ] - bbc.in/1ZMEvAg
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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
Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight
turning a banking crisis into a budget deficit blowout and blaming it on poor working age people with some benefits to their name. //&! What will it be the Budget be remembered for? DEBATE - BBC Newsnight - youtu.be/iOrhLL-Pe3E - productivity is about increasing public and private investment, and private investment has been falling year after year. tax cuts ie corporate tax rate, do not increase private investment. and household debt/consumer debt/credit car/car loan/student debt is rising and rising, taking up the slack that Osborne is cutting from the budget.
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march 2016 by asterisk2a
The Privatising Industry in Europe
Do you wonder why the 'Troika' persists in its privatisation agenda despite the evidence of its failures and the growing economic and social costs?
The report “The Privatising Industry in Europe”, written by Sol Trumbo Vila and Matthijs Peters for the Transnational Institute, TNI, suggests two possible motives and shows who the ‪#‎BigWinners‬ of those privatisations are. - https://www.tni.org/en/publication/the-privatising-industry-in-europe - The rationale put forward by advocates of privatisation does not stand up to the evidence. Privatisation has failed to provide promised revenue as only profitable firms are being sold and consistently at undervalued prices. Meanwhile the latest research by the IMF and by European universities show that there is no evidence that the privatised firms are more efficient than state-owned firms. [...] Privatisation in Europe has encouraged a growth in corruption,
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march 2016 by asterisk2a
How damaged is George Osborne by IDS resignation?
George Osborne: chief tactician and patron, a man whose word makes or wrecks careers.
That was the view of many Tory MPs for a very long time.
Now, many doubt he will ever be their leader, or even the chancellor much longer.
It's not that they think David Cameron is poised to sack him or that he's about to resign, as Labour demand.
They simply believe a swift leadership election is highly likely whatever the result of 23 June's EU referendum. If it does come that soon there will be, one predicts, a "genocide of the Cameroons and Osbornites".
A stubbornly enduring deficit, a tax credit U-turn, and the sheer numbers of MPs who have chosen to back a leave vote at the referendum have seen Osborne's authority leak.
A weekend of melodrama has - in one Tory MP's view - burst the dam.
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march 2016 by asterisk2a
'Graph of Doom' warning to Highland councillors
deprived areas have low tax base to fund welfare and social care, and w demographic bubble, less income tax receipts. this is a double whammy to fund demand of babyboomers. // In a paper to councillors, officers quote research such as a London borough council's "Graph of Doom" showing the effect of spending cuts on services.
The Highland officials also make reference to political commentators describing a period of "perma-austerity" for local government.
They recommend that the council reviews its priorities.
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march 2016 by asterisk2a
Robert Reich on recent development - Tax Amnesty
[ shareholder capitalism ] 2.1trn $$$ parked in offshore banking for USA alone. ... USA x times bigger. ... UK estimate of up to 20bn a year of tax evasion and avoidance. // special deal of 10% tax on repatriation of offshore funds. // this is extortion // no Principles. you either pay your taxes or you are not allowed to do business in this country. // and it is not only cash it is also property and other assets ... companies will undervalue/price their value. not to market rate. see india's tax amnesty and that loophole people and companies exploited - bit.ly/1LjzHjk // >> tax is the price you pay for civilised and modern, western society! << //
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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.”
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march 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"
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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. ]
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february 2016 by asterisk2a
Whatever happened to the obesity strategy? - BBC News
There is speculation now that it may not be published before Easter. The simple reason is the prime minister's overcrowded diary and his current preoccupation with Europe. David Cameron knows the clock is ticking down to the end of his premiership before the next election. He wants to make his mark on domestic policy and he has identified tackling obesity as an important potential part of his legacy. It is seen at Number Ten as a priority second term issue, to rank with the dementia initiative in his first term of office. Much of the groundwork has already been done by the Department of Health and Public Health England. [...] Mr Cameron's anti-red tape and pro-business leanings might steer him away from such an approach and towards a voluntary deal agreed with the supermarkets. But officials and experts will make the case for government intervention.
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february 2016 by asterisk2a
Klage gegen Pflegenotstand gescheitert - SPIEGEL ONLINE
[ living longer, but also living longer in sickness ] Sechs Senioren haben gegen die Missstände in deutschen Pflegeeinrichtungen beim Bundesverfassungsgericht Klage eingereicht. Die Richter nahmen die Beschwerde nicht zur Entscheidung an. [...] Die Verfassungsrichter betonen in ihrem Beschluss vom 11. Januar allerdings, dass dem Gesetzgeber grundsätzlich "ein weiter Einschätzungs-, Wertungs- und Gestaltungsspielraum" zukomme. Karlsruhe könne nur eingreifen, wenn er "seine Pflicht evident verletzt" habe. Die Kläger hätten nicht ausgeführt, "unter welchen Gesichtspunkten die bestehenden landes- und bundesrechtlichen Regelungen zur Qualitätssicherung evident unzureichend sein sollten". Außerdem sei nicht ersichtlich, dass sie "selbst, gegenwärtig und unmittelbar in ihren Grundrechten verletzt" seien.
demographic  bubble  elderly  care  adult  social  care  Germany  UK  western  world  Europe  ageing  population  OAP  austerity  budget  deficit  Germay  Soziale  Marktwirtschaft  No  Representation  bank  bailout  fairness  tax  evasion  tax  avoidance  premature  ageing  sick  population  health  crisis  public  health  policy  public  health  GP  A&E  diet-related  disease  chronic  diseases 
february 2016 by asterisk2a
Five issues that will shape the Northern Powerhouse - BBC News
[ white elephant! lol & the double standard of Google paying 2% tax vs small businesses full 18%+ and not getting investment, R&D loans ] Will Hull thrive or suffer if transport is radically improved to the eastern fringe of the Powerhouse? There's no way of telling. Some people think investment in skills, education and training would be a more certain way of improving productivity - and business leaders are keen to ensure that these key elements are not forgotten in the rush for steel and tarmac. I asked former CBI director-general John Cridland, who is now head of Transport for the North, if there was any certainty that spending billions on infrastructure would improve productivity. He agreed there was no proof, but urged people to take a leap of faith - like the Victorian engineers.
STEM  skills  gap  practical  skills  apprenticeships  underinvestment  productive  investment  Northern  Powerhouse  UK  George  Osborne  David  Cameron  productivity  output  gap  recovery  carbon  tax  renewable  energy  competitiveness  competitive  industrial  policy  Germany  corporate  tax  rate  tax  evasion  tax  avoidance  conglomerate  multinational  HMRC  budget  deficit  dogma  ideology  austerity  squeezed  middle  class  job  creation  Service  Sector  Jobs  added  value  value  creation  economic  history  property  bubble  distortion  HS2  Hinkley  Point  C  HS3  infrastructure  investment  infrastructure  macroeconomic  policy  macroprudential  policy  zombie  banks  BOE  Funding  for  Lending  Scheme  Mark  Carney 
february 2016 by asterisk2a
Fiscal Costs of Hidden Deficits: Beware—When It Rains, It Pours | iMFdirect - The IMF Blog
For example, governments are often expected to cover the debts of local authorities or state-owned enterprises when these are unable to pay. Sometimes, governments also incur substantial costs from financial sector bailouts. Countries like Australia and the United Kingdom, record, monitor, disclose, and manage these potential liabilities to minimize risks to their budgets. However, in most cases, taxpayers only know about them when it’s too late. That is, when these liabilities are no longer “potential” but “actual.”
budget  deficit  UK  George  Osborne  economic  history  austerity  pension  obligation  bank  bailout  GFC  Help  to  Save  Help  to  Buy  Scheme  Right  to  Buy  Generationengerechtigkeit  macroprudential  policy  fiscal  policy  Career  Politicians  No  Representation  corporate  welfare  constituency  Party  Funding  subsidies  subsidizing  David  Cameron  Tories  Conservative  Party  nasty 
february 2016 by asterisk2a
Koch Brothers Declare War On Electric Cars - YouTube
introduce a carbon tax, rather than cherry picking! // who is also invested in their "ventures"? Arabs! See also Fahrenheit 9/11 documentary by Michael Moore. //&! Koch Bros Behind Solar Power Fines - youtu.be/E3SDcOZLksk --- ALEC lobby group. //&! Koch Bros Slammed By Billionaire T. Boone Pickens - youtu.be/65Y1RWDdQBI //&! Koch Brothers Caught On Tape - Obama & Osama Compared - youtu.be/hTUjYyae2zw //&! Koch Brothers Destroyed By Bloomberg Report - youtu.be/ENuN2R0je0k //&! Letters Expose Agenda Of Billionaire Koch Brothers - youtu.be/1JdhyI8mmqY //&! Koch Bros Tried To Shut Up Maddow, Bad Idea - youtu.be/J4XQO6bH7_k //&! Zach Galifianakis Slams Koch Brothers - youtu.be/fW96KEbeGTw //&! Koch Brothers EXPOSED: 2014 (ft. Bernie Sanders) - youtu.be/2N8y2SVerW8 //&!
fossil  fuel  vested  interest  interest  groups  carbon  tax  electric  car  Tesla  Motors  renewable  energy  solar  energy  wind  energy  subsidies  subsidizing  COP21  plutocracy  Greed  oligarchy  Super  Rich  1%  revolving  door  lobbyist  lobby  Lobbying  Koch  Brothers  Career  Politicians  Super  PAC  presidential  election  2016  climate  change  Generationengerechtigkeit  global  warming  climate  crisis  economic  damage  Wall  Street  shareholder  value  profit  maximisation  tax  evasion  tax  avoidance  corporate  welfare  pork  barrel  corporate  scandal  Oil  price  commodity  prices  budget  deficit  industrial  policy  competitiveness  competitive  crony  capitalism  history  Saudi  Arabia  petrodollar  Petroleum  Industry  petrodollars  Middle  East  gwbush  bush  georgewbush  fracking  shale  gas  SolarCity  Panel  ALEC  bribery  corruption  antitrust  far-right  free  market  neoconservatism  neoconservatives  neoliberalism  neoliberal 
february 2016 by asterisk2a
This Letting Agent Admits The Housing Shortage Is Good News For Landlords - BuzzFeed News
[ Lord Adair Turner book & Richard Koo; banks tend 2 lend 2 property & land rather than productivity/businesses. risk averse, if the family cant pay the mortgage any more, than at least u have not lost all the money! less risky! Its also partly rentier behaviour of banks. // also BOE has to be concerned about future disposable income; rent & utilities eating up 50%-75% of income thus less for consumption! ] “Landlords’ balance sheets are looking healthier than at any point since 2014, and property investors are looking at an excellent rate of return from their portfolios.” Gill warned that changes to stamp duty announced in chancellor George Osborne’s Autumn Statement and due to take effect on 1 April – people selling buy-to-let investments will pay an extra 3% – were bad news for landlords. But overall, the “consistent and developing lack of housing for across all tenures, for a spiralling population” meant the level of demand for rental properties would not reduce, he said.
property  bubble  speculative  bubbles  asset  bubble  asset  allocation  macroprudential  policy  Generationengerechtigkeit  generation  rent  Housing  Crisis  social  affordable  distortion  ZIRP  NIRP  QE  aggregate  demand  Right  to  Buy  Buy-to-Let  Help  to  Buy  Scheme  Help  to  Save  policy  folly  policy  error  consumer  debt  household  debt  budget  deficit  recovery  mortgage  market  credit  bubble  GFC  bank  bailout  BOE  zombie  banks  rentier  rent-seeking  Richard  Koo  underinvestment  productive  investment  infrastructure  investment  zombie  consumer  industrial  policy  economic  history  Mark  Carney  financial  repression  behavioral  finance  behavioral  economics  herding  herd  hunt  for  yield  leverage  margin  trading  equity  bubble  Gini  coefficient  disposable  income  discretionary  spending  VAR  CDO  CDS  risk  aversion  squeezed  middle  class  secular  stagnation  inequality  UK  generational  contract  lost  generation  constituency  Tories  Conservative  Party  nasty  David  Cameron  George  Osborne  general  election  2015  general  election  2020  fiscal  policy  austerity  monetary  policy  liquidity  trap 
february 2016 by asterisk2a
Dispatches - Low Pay Britain - All 4
living wage starts from 21? 25? // retail big! high street big! - service sector. no manufacturing ... // IT IS CORPORATE SUBSIDY - PROGRAM FOR LOW PAY! // very far from Germay model! // tax payer pays for people in high street! // Ofsted found inadequate conditions! AND SMALL MINORITY GET ACTUALLY A FULL-TIME JOB! LOL LOL LOL! // Social Market Foundation (research) found lvl2 apprenticeship adds nothing to purse over a lifetime. // its DWP policy to get young people off the paper onto other paper largely, still funded, by the gov - still adding to budget deficit. // Ofsted concerned over apprenticeships "wasting public funds" // WHAT A TORY SPIN! // retail places have shot up, and construction plummeted! the latter is harder or put through training providers ( private companies, PRIVATISATION! ). employers are not in charge. to quote one employee of a training provider "meet targets, get money in" its about the # of apprenticeships, not the quality or economic need/industry. //
apprenticeships  exploitation  Workers  Union  Trade  Union  working  poor  Generationengerechtigkeit  fairness  precarious  work  Precariat  self-regulation  minimum  wage  living  wage  low  pay  low  income  welfare  state  social  safety  net  working  tax  credit  tax  credit  housing  benefit  Iain  Duncan  Smith  DWP  spin  doctor  Positioning  Career  Politicians  No  Representation  Service  Sector  Jobs  job  creation  youth  unemployment  policy  folly  policy  error  education  policy  PR  David  Cameron  George  Osborne  industrial  policy  STEM  Manufacturing  microeconomic  policy  macroeconomic  policy  recovery  GFC  disposable  income  discretionary  spending  corporate  scandal  corporate  welfare  subsidies  subsidizing  budget  deficit  Fachkräftemangel  trickle-down  economics  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  Ofsted  skills  gap  budget2015  free  market  Privatisation  dogma  ideology 
february 2016 by asterisk2a
Migrant crisis: Germany's 'rock of stability' in danger - BBC News
[ has to invest massively to integrate people and not put them aside on Hartz-IV. leeway to borrow money for nothing is there. political will to break the dogma and ideology of austerity, schwarze null, schuldenbremse has to be there. across europe! ] The migrant crisis could see Germany losing its position as a "rock of stability", a former European Central Bank chief economist has told BBC HARDtalk. Otmar Issing warned the growing "fiscal burden" over the numbers of people arriving could completely change the country's economy.
refugee  crisis  migration  immigration  economic  refugee  Asylbewerber  Asylum  Sozialpolitik  Integrationspolitik  Schuldenbremse  Fiscal  Pact  education  policy  underinvestment  budget  deficit  hartz-iv  ALG2  Aufstocker  Fachkräftemangel  Ausländerfeindlichkeit  Xenophobia  racism  Rechtsextremismus  Rechtsruck  Angela  Merkel  Wolfgang  Schäuble  labour  economics  labour  market  labour  laws  minimum  wage  Niall  Ferguson  youth  unemployment  competitiveness  competitive  Germany  STEM  industrial  policy  European  Union  Bundesbank  ECB  public  sentiment  public  awareness  war  refugee  Afghanistan  Irak  Iraq  Syrien  Syria 
february 2016 by asterisk2a
What Really Caused the Crisis and What to Do About It - YouTube
"There are not perfect markets, and there is no perfect planner. [...] we will never arrive at perfect solutions. [...] market will never allocate perfectly ... [...] market will always tend to lend to property and land, and less into productive means (businesses = risk of 100 loss, land or property ... you have a loss when you sell it. << China, UK ) [...] not all credit is good credit. [...] need for macroprudential policy to dampen bubbles bc rate hikes could dampen normal non-speculative area of economy. ie loan to value limits [...] interest rate setting is blunt hammer that people though is the magic wand along the line of self-regulation, free market, neoliberalism and trickle-down [...] GFC can be traced back to the 60-70's - macroecon + micro with absurd assumptions (ie rational expectations, equilibriums, no bubbles) & math & pure theoretical base (no empirical analysis ie of what banks really do ie greed) = makes job of economist as policy advisor real easy.
bank  crisis  JohnMaynardKeynes  keynes  Keynesianism  book  Richard  Koo  aggregate  demand  austerity  liquidity  trap  deleveraging  balance  sheet  recession  debtoverhang  GFC  recovery  secular  stagnation  western  world  dogma  ideology  underinvestment  productive  investment  infrastructure  investment  monetary  policy  monetary  theory  trickle-down  economics  neoliberalism  neoliberal  budget  deficit  economic  history  credit  bubble  output  gap  productivity  inflation  targeting  nominal  GDP  targeting  asset  allocation  economics  investment  banking  zombie  banks  retail  banking  financial  product  CDS  CDO  hunt  for  yield  VAR  risk  aversion  deflationary  deflation  ZIRP  NIRP  QE  debt  monetisation  debt  monetization  Glass-Steagall  self-regulation  regulators  regulation  leverage  margin  trading  property  bubble  arbitrage  speculative  bubbles  asset  bubble  UK  USA  Europe  ECB  Fed  BOE  zombie  consumer  squeezed  middle  class  zombie  corporations  NPL  junk  bond  realestate  macroprudential  policy  mortgage  market  equilibrium  disequilibrium  Economist  economists  Adair  Turner  hayek 
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! ]
Service  Sector  Jobs  job  creation  precarious  work  Precariat  minimum  wage  Zero  Hour  Contract  Contractor  UK  poverty  tax  credit  child  poverty  squeezed  middle  class  wage  stagnation  income  growth  low  pay  low  income  disposable  income  discretionary  spending  income  distribution  income  inequality  Gini  coefficient  income  mobility  downward  mobility  social  mobility  income  redistribution  tax  free  income  recovery  austerity  living  standard  quality  of  life  Perspective  Perspektivlosigkeit  deprivation  economic  security  GFC  secular  stagnation  economic  history  inequality  health  inequality  trickle-down  economics  dogma  ideology  neoliberalism  neoliberal  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  DWP  George  Osborne  David  Cameron  Iain  Duncan  Smith  budget  deficit  tax  evasion  tax  avoidance  USA  household  debt  consumer  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  Bubble  child  care  social  safety  net  welfare  state 
february 2016 by asterisk2a
Help-to-buy loan scheme nets Treasury £213m in paper profit | Money | The Guardian
[ gov is not co-owner of private property! Make away with Nurse Bursaries and other gov support for education. But support the property price! by keeping supply always lower than demand. and use policy to increase demand w subsidies! where to put their savings! & subsidy for builders ] Rising house prices across much of England mean a government scheme to help buyers of newbuild property may have made more than £200m for the Treasury in its first two-and-a-half years. The help-to-buy equity loan scheme gives buyers an interest-free loan for five years in return for a percentage stake in their property. When the home is sold, the buyer returns the same percentage of the sale price, meaning that any fall or rise in house prices affects the return. Analysis by property firm Hometrack and shared with the Guardian suggests that a surge in house prices in some areas means the total value of homes bought through the scheme since its launch in April 2013 has increased by more than £1bn.
property  bubble  UK  speculative  bubbles  Housing  Crisis  affordable  social  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let  Help  to  Save  budget  deficit  austerity  constituency  Party  Funding  babyboomers  BOE  macroprudential  policy  mortgage  market  ZIRP  NIRP  QE  hunt  for  yield  distortion  financial  repression  household  debt  consumer  debt  credit  card  debt  Generationengerechtigkeit  generation  rent  fairness  asset  bubble  asset  allocation  NPL  subprime  Payday  Loans  car  loan  student  debt  student  loan  debt  student  loan  Tories  fiscal  policy  monetary  policy  policy  error  policy  folly  Conservative  Party  nasty  short-termism  voter  turnout  disenfranchise  disenfranchised  David  Cameron  George  Osborne  underinvestment  infrastructure  investment  productive  investment  recovery  Richard  Koo  balance  sheet  recession  deleveraging  debtoverhang  zombie  consumer  zombie  banks  zombie  corporations  secular  stagnation  Privatisation  trickle-down  economics  dogma  ideology  GFC  bank  bailout  subsidies  subsidizing  corporate  welfare 
february 2016 by asterisk2a
Breast cancer: 'Dramatic rise' in diagnoses of NI cases over last 20 years - BBC News
[ demand rising steadily! resources inflation adjusted - flat ] // diabetes, obesity, heart disease and cancer eating up the budget more and more.
breast  cancer  cancer  sick  population  diet-related  disease  chronic  diseases  health  crisis  NHS  health  care  budget  health  care  spending  Jeremy  Hunt  babyboomers  premature  ageing  premature  death  A&E  GP  ageing  population  austerity  budget  deficit  Simon  Stevens  prevention  intervention 
february 2016 by asterisk2a
Was a deal over doctors' contracts ever possible? - BBC News
[ resources already pledged do not meet demand. especially chronic and complex diseases taking too much of a share of resources. ] In short, the profession believes if staffing is to be increased at weekends it needs to be accompanied by an increase in investment. But ministers are trying to do this for the same money. The sums simply don't add up, doctors say.
Jeremy  Hunt  David  Cameron  NHS  underinvestment  Junior  Doctors  staff  morale  locum  staff  staff  shortage  budget2010  budget2015  mental  health  elderly  care  adult  social  care  Council  minimum  wage  bed  blocking  A&E  GP  sick  population  health  crisis  health  care  budget  health  care  spending  diet-related  disease  chronic  diseases  premature  ageing  premature  death  ageing  population  babyboomers  prevention  intervention  cancer  heart  disease  diabetes  obesity  BMA  Tories  Conservative  Party  trickle-down  economics  neoliberalism  neoliberal  dogma  ideology  nasty  PR  Positioning  misrepresentation  spin  doctor  Toff  Establishment  Privileged  Westminster  Whitehall  No  Representation  democracy  bank  bailout  tax  evasion  tax  avoidance  austerity  budget  deficit  George  Osborne  vulnerable  Disabled 
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
Google defends UK tax arrangements - BBC News
VIP deal. // HMRC says it is constrained by the complicated tax laws. If they are to change, it is politicians who need to act. [ BUT Tories see no need 4 change! >> bbc.in/1UtqLHU ] // "We want to pay the right tax." - bbc.in/1PFmYDW //&! Spin Doctor Osborne and Positioning at work! - bbc.in/1KHXx7N - as if Google approached HMRC and as if 6 years investigation doesn't count << Osborne is misrepresenting! Osborne also cut HMRC stuff stupid! in his 2010 budget //&! Cameron defends Google tax deal after criticism - bbc.in/1o2xEFg - effective tax rate 3% ... HMRC citing laws preventing to collect more, bc UK does not outlaw tax arrangements like Dutch Sandwich and Double Irish and Cayman Islands (reps from this countries say it is up to UK to outlaw such arrangements for their domiciled businesses and turnover in their country!) //&! bbc.in/1Qz7uFL - Paying more tax, no rules changed, HMRC and Tories deal (Party Funding at risk); just more not the full amount.
Google  tax  evasion  tax  avoidance  Google  Inc.  HMRC  George  Osborne  budget  deficit  austerity  Career  Politicians  No  Representation  lobbyist  lobby  Lobbying  revolving  door  corporate  tax  rate  double  standard  conglomerate  multinational  Wall  Street  shareholder  value  profit  maximisation  plutocracy  oligarchy  Super  Rich  1%  social  democracy  democracy  inequality  Gini  coefficient 
february 2016 by asterisk2a
UK trade deficit widens further as exports suffer | Business | The Guardian
Nevertheless, the UK’s goods trade gap with the rest of the world widened by £1.9bn to a record high of £125bn in 2015. Howard Archer, chief UK economist at IHS Global Insight, said: “UK exports have clearly struggled in recent months, as they have been hampered by sterling’s overall strength in 2015, particularly against the euro, and moderate global demand. [...] Recent declines in the value of sterling are expected to support exports sales, though the deteriorating global situation could mitigate against an improved exchange rate. [...] “Nonetheless, any progress in reducing the trade deficit is likely to be extremely slow in the near term, leaving the recovery reliant on domestic demand.” [...] [ you can lower your corp tax, but if your country is shitty in business environment ie infrastructure and employee qualifications and immigration ... nobody wants to do business ]
UK  trade  deficit  current  account  deficit  budget  deficit  tax  reciepts  2015  2016  recovery  secular  stagnation  underinvestment  business  investment  austerity  economic  history  global  economy  emerging  market  Frontier  Markets  BRIC  foreign  direct  investment  productive  investment  infrastructure  investment  Richard  Koo  consumer  debt  household  debt  credit  card  debt  car  loan  Student  Bubble  debt  servitude  discretionary  spending  government  spending  disposable  income  generation  rent  ZIRP  NIRP  QE  liquidity  trap  zombie  corporations  zombie  consumer  distortion  financial  repression  speculative  bubbles  hunt  for  yield  fiscal  policy  monetary  policy  BOE  property  Housing  Crisis  George  Osborne  competitiveness  productivity  output  gap  job  creation  Service  Sector  Jobs  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  immigration  migration  Super  Cycle 
february 2016 by asterisk2a
Prisons overhaul to be announced by David Cameron - BBC News
He will say the "failure" of the current system, with its high reoffending rates and levels of violence, is "scandalous". He is expected to announce prison governors will be given more say over how jails spend their money. [ BUT NOT MORE MONEY AS A WHOLE TO PREVENT, INTERVENE, REINTEGRATE and this was not in the Manifesto ] [...] "Not everyone shows remorse and not everyone seeks redemption. "But I also strongly believe that we must offer chances to change; that for those trying hard to turn themselves around, we should offer hope; that in a compassionate country, we should help those who've made mistakes to find their way back onto the right path." [...] "Prisons are currently violent and overcrowded. As such, they fail everyone: victims, the public, staff and prisoners themselves. [...] outgoing chief inspector of prisons in England and Wales said prisons were "as bad as you could possibly imagine". [...] conditions in adult prisons had deteriorated over the past five years.
austerity  Police  Public  Services  Social  Services  Integrationspolitik  deprivation  Precariat  Sozialpolitik  Beschaffungskriminalität  poverty  trap  Tories  PR  Positioning  spin  doctor  budget2015  nasty  party  Conservative  drug  abuse  alcohol  abuse  physical  abuse  substance  abuse  Gini  coefficient  Wertegesellschaft  Gesellschaft  society  psychology  sociology  David  Cameron  Career  Politicians  mental  health  childhood  development  parenthood  parenting  short-termism  childhood  child  poverty  child  abuse  Privatisation  Justice  System  economic  mobility  income  mobility  inequality  welfare  state  safety  net  homeless  homelessness  addiction  War  on  Drugs  Westminster  Toff  Privileged  Establishment  No  Representation  budget  deficit  Big  Manifesto  election  campaign  promises  general  election  2015 
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
Masters in Business: Nobel-Prize Economist Paul Krugman (Audio) by Bloomberg View
// most times conviction is lacking, trapped in the bubble, no non-conformity, too much of a comfortable life. // 28:30! Confidence Fairy >> austerity from 2010! vested interest plays big role! Policy Makers are on the side of credit, on bond holders. bond holders don't like inflationary period! ... Hyperinflation will come any day! // 31:00 econ needs to be reformulated in class rooms to be much broader subject! << see robert shiller interview! ie behaviour, sociology and psychology, irrational behaviour // 44:15 on keynes! was no left wing socialist, he tried to save capitalism! he had world changing analysis! sometimes there can not be enough demand, same with sometimes it is good to have waste vs nothing, pointless ways to spend money can have a positive effect. ie infrastructure investment - repaving roads = less private repair bills! public transportation = less drunk driving accidents. history shows fiscal stimulus gets always too early withdrawn from deficit hawks!
economic  history  GFC  Paul  Krugman  Thomas  Piketty  inequality  Gini  coefficient  income  inequality  social  mobility  income  mobility  paulkrugman  repo  bankrun  speculative  bubbles  subprime  Generationengerechtigkeit  Policy  Makers  constituency  George  Osborne  austerity  error  folly  credit  bubble  secular  stagnation  debt  servitude  Super  Cycle  Japan  Abenomics  fiscal  monetary  Richard  Koo  KennethRogoff  USA  UK  European  Union  lost  decade  lost  generation  Robert  Shiller  robertshiller  book  miltonfriedman  friedmann  JohnMaynardKeynes  keynes  Keynesianism  budget  deficit  GeorgeOsborne  fiscal  stimulus  GordonBrown  underinvestment  recovery  productivity  output  gap  liquidity  trap  ZIRP  NIRP  QE  infrastructure  investment  Richardkoo  public  investment  productive  investment  business  investment  short-termism  neoliberalism  neoliberal  Privatisation  trickle-down  economics  Super  Rich  1%  oligarchy  plutocracy  social  democracy  corporate  welfare  subsidies  subsidizing 
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
DWP post for Amazon boss is 'disgusting', says Margaret Hodge | Business | The Guardian
The Labour MP and tax campaigner Margaret Hodge has described as “disgusting” a plan to give an executive of online retailer Amazon, one of the companies at the centre of an intensifying row over taxes, a directorship at the Department for Work and Pensions. Hodge was responding to the news, first revealed by Sky News, that Amazon’s head of Chinese operations, Doug Gurr, is to become a non-executive director of the DWP. The DWP said it would issue a statement, which was not available at the time of publication. Amazon declined to comment. [...] Amazon’s UK business paid just £11.9m in tax in 2014, even though its Luxembourg unit took £5.3bn from internet sales in the UK. [...] [ in private VIP tax deals, double standard, no representation, no democracy. one rules for the oligarchy/plutocracy and another for the peons. ] [ amber rudd - tobacco ties ] [ judgement call by George Osborne to make tax deals and not make everyone equal however big or small they are ]
tax  evasion  tax  avoidance  DWP  double  standard  democracy  HMRC  No  Representation  oligarchy  plutocracy  1%  Super  Rich  Wall  Street  shareholder  value  profit  maximisation  lobbyist  lobby  Lobbying  revolving  door  Amber  Rudd  Westminster  Policy  Makers  folly  Party  Funding  constituency  nasty  neoliberalism  neoliberal  trickle-down  economics  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  Tories  Conservative  Party  George  Osborne  David  Cameron  fairness  Generationengerechtigkeit  bank  bailout  austerity  budget  deficit  Toff  Privileged  Establishment  GFC  recovery  economic  history 
february 2016 by asterisk2a
Harald Welzer zum Thema Flüchtlinge - YouTube
Thomas Friedman - Germany hippieland? // Gunnar Heinsohn über den wahren Hintergrund des Asylwahns - youtu.be/zhzthrcmkBM - (16:11) Milton Freedman, only highly productive educated skilled people come to your country for work if there is work, if there is zero social safety net/welfare state. GERMANY NEEDS TO INTEGRATE, EDUCATE migrants with MASSIVE PUSH! MASSIVE! NEW OWN MARSCHALL PLAN thus that those don't end up on hartz-iv and ALG2/Aufstocker! Compassionately. Emphatically. And ask German Industry to help to overlook some minor issues like German and Math that can be fixed along the way! reform economic refugees. // TO MAINTAIN Exportweltmeister and keep stable the transferleistungsbilanz (welfare state/social safety net) // economic refugees also created via trade agreements, globalisation and competition. and borderless world. // Book "Selbstdenken" - youtu.be/v_FVRNlLZT4
refugee  crisis  Angela  Merkel  Germany  political  economy  political  theory  public  sentiment  fearmongering  Fear  budget  deficit  Fiscal  Pact  Schuldenbremse  Wolfgang  Schäuble  SPD  CDU  CSU  babyboomers  squeezed  middle  class  Precariat  far-right  AfD  NPD  European  Union  European  History  Asylbewerber  Asylum  UK  USA  Ausländerfeindlichkeit  Social  Media  manufactured  consent  Lügenpresse  hartz-iv  ALG2  Aufstocker  mindestlohn  minimum  wage  sociology  psychology  safety  net  Agenda  2010  welfare  state  working  poor  liberal  economic  reform  Zeitarbeit  Gesellschaft  Wertegesellschaft  Zivilgesellschaft  Schengen  Agreement  Syrien  Syria  ISIS  islamic  radicalism  islamic  extremism  civil  war  Afghanistan  Iraq  Irak  East  demographic  bubble  ageing  population  Fachkräftemangel  Sozialpolitik  Integrationspolitik  Islamophobia  Rechtsextremismus  Rechtsruck  political  refugee  war  refugee  economic  refugee  Exportweltmeister 
february 2016 by asterisk2a
PMQs: David Cameron urged to 'think again' on ESA cuts - BBC News
[ we should help them get back to work ... 'by cutting their existence and add to worry, subsistence living and food and fuel poverty' ] Labour leader Jeremy Corbyn urged David Cameron to "think again" about cuts to employment and support allowance, warning that it will badly impact cancer patients and people with "severe" disabilities. Raising the topic at PMQs, Mr Corbyn said the government should not try to reverse its defeat in the House of Lords over the plans to cut the benefit by £30 a week. The PM said existing ESA claimants unable to work would not lose any money. "But in future, those who are able to get back to work, we should help them get back to work. That is what a compassionate country does," he added, and went on to attack Labour's health and economic policies in Wales and Scotland.
ESA  DWP  Disabled  disability  David  Cameron  Jeremy  Hunt  progressive  tax  code  tax  evasion  tax  avoidance  PR  spin  doctor  Positioning  nasty  party  Conservative  fairness  Generationengerechtigkeit  bank  bailout  budget  deficit  neoliberalism  neoliberal  trickle-down  economics  vulnerable  vulnerability  mental  health  George  Osborne  Iain  Duncan  Smith  welfare  state  social  safety  net  food  poverty  fuel  poverty  poverty  WCA 
february 2016 by asterisk2a
NHS: Surging patient numbers - what's happening in A&E? - BBC News
Elderly patients. Heads of emergency departments point out there has not been a sudden new spike in numbers of people coming through their doors. They argue that there has been a steadily increasing trend going back a couple of years. Familiar factors are quoted, including numbers of frail, elderly patients with multiple conditions needing an increasing range of care and treatment. One specialist in geriatric medicine told me more older patients were coming into A&E because of problems with care in their home. This could be because social care was lacking in some way, or because a spouse had become unable to cope. But the surge in hospital attendances was by no means dominated by the over-65s.
GP  A&E  OAP  sick  population  health  crisis  NHS  austerity  staff  shortage  staff  morale  locum  staff  premature  ageing  chronic  diseases  diet-related  disease  ageing  population  babyboomers  demographic  bubble  elderly  care  adult  social  care  Council  Public  Services  Services  mental  health  well  being  prevention  intervention  budget  deficit  health  policy  health  health  care  budget  health  care  spending 
february 2016 by asterisk2a
Holyrood and Westminster 'some distance' from finance deal - BBC News
The Scottish and UK governments are "some distance" from a deal on new financial arrangements for Holyrood, according to Scotland's finance secretary. // Osborn trying to get best deal in his interest to show in 2020 he reduced budget deficit by X as proclaimed in 2015.
Fiscal  Framework  Scotland  Bill  The  Smith  Comission  Westminster  Career  Politicians  nasty  party  Tories  Conservative  Holyrood  Positioning  PR  spin  doctor  David  Cameron  George  Osborne  budget2015  budget  deficit  policy  tax  evasion  tax  avoidance  austerity  Council  NHS  Scotland  NHS  Police  No  Representation 
february 2016 by asterisk2a
Shock figures show patients stuck in north hospitals for more than a year despite being fit to leave - Press and Journal
Shock new figures show eight patients across NHS Highland and NHS Grampian were kept in hospital for more than a year, despite doctors giving the green light for them to be discharged. Another 20 patients at the two health boards were left in limbo for more than six months. Last night Health Secretary Shona Robison admitted there was “much more to do” to tackle the so-called bed blocking, which costs the NHS millions of pounds each year. [...] These patients were all classified as so-called ‘Code 9′ patients – meaning they require specialist support, such as space in a care home, before they are able to return to the community. [...] “The availability of suitable facilities to safely accommodate those of our patients with the most complex conditions is limited, [...] unable to dedicate enough staff. The health board admitted that recruitment to the adult care sector was a growing problem, //&! Care homes and the NHS: The silent scandal? - bbc.in/23GhyCd & bbc.in/1PfdoHx
bed  blocking  NHS  Scotland  NHS  Grampian  NHS  austerity  Council  elderly  care  adult  social  care  Public  Services  Services  premature  ageing  ageing  population  babyboomers  OAP  A&E  care  home  Tories  nasty  party  Positioning  PR  spin  doctor  budget  deficit  fairness  tax  evasion  tax  avoidance  minimum  wage  Conservative  budget2015  budget2010  Toff  Privileged  constituency  Establishment  sick  population  health  crisis  prevention  intervention  GP  chronic  diseases  diet-related  disease 
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
Long hours, endless admin and angry parents – why schools just can’t get the teachers | Education | The Guardian
British schools are reporting a classroom crisis, with thousands of disaffected teachers leaving the profession, and new graduates discouraged from training because of the daily stress and grind. And with the number of state school pupils set to rise by a million by 2022, the problem is only getting worse [...] If somebody had said, ‘You can have 60 grand a year to stay,’ I would still have said no // Education secretary Nicky Morgan. // [...] Some of the factors behind stories like these are traceable to the New Labour years, but many are rooted in Michael Gove’s hyperactive four-year reign as education secretary. They go from never-ending paperwork, to a constantly changing regime of exams and assessments. Meanwhile, the prospect of a visit from Ofsted and the possibility of a bad inspection are a constant source of stress – not least because a “requires improvement” or the dread “inadequate” rating will mean even more upheaval. [ top down non-professional insight/exp burokratie ]
education  policy  UK  austerity  post  code  lottery  Generationengerechtigkeit  fairness  Tories  Conservative  Party  nasty  No  Representation  Westminster  Toff  Establishment  Privileged  policy  folly  policy  error  dogma  ideology  short-termism  NHS  staff  morale  Gini  coefficient  social  mobility  income  mobility  inequality  Sozialpolitik  Integrationspolitik  tax  evasion  tax  avoidance  Party  Funding  constituency  general  election  2015  election  campaign  promises  Manifesto  general  election  2010  budget  deficit  George  Osborne  David  Cameron  poverty  poverty  trap  child  poverty  burokratie 
february 2016 by asterisk2a
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