asterisk2a + economy   754

(10581) Obama Joins Club of the Super-Rich - Defends Global Capitalism in Lecture - YouTube
Obama Joins Club of the Super-Rich - Defends Global Capitalism in Lecture - nelson mandela lecutre
/ this is just a speech, obama speech.
/ is like Robert Reich - saving capitalism from itself, reforming capitalism
/ part of the system - supposedly meritocracy - embrace it - if I can do it you can do it - clintons and obama.
/ obama suckerpunched everyone after being elected
/ the problem is system it is not just banks - system chaotic and irrational working against its sustainability bc of greed profit maximization and duopoly competition
/
PART 2
https://www.youtube.com/watch?v=0De24c0tyqs - Obama Says Inequality Led to Rise of the Right, but Takes No Responsibility for It (2/2)
BarackObama  meritocracy  meritocratic  1%  thirdway  third-way  TonyBlair  Blair  globalisation  globalization  inequality  DonaldTrump  Donald  Trump  Brexit  AfD  lobby  tax  evasion  avoidance  social  income  mobility  Capitalism  neoliberalism  No  Representation  welfare  tradeunion  union  workersunion  exploitation  gig  economy  10%  growth  secular  stagnation  GFC  bailout  Austerity  philanthropy  Democrats  self-employment  consumerism  materialism  poverty  trap  working  poor  economic  history  critique 
july 2018 by asterisk2a
Gig economy: heating engineer wins claim against Pimlico Plumbers | Business | The Guardian
Delivering judgment, on Wednesday, Lord Wilson said: “Although the contract did provide him with elements of operational and financial independence, Mr Smith’s services to the company’s customers were marketed through the company.

“More importantly, its term enabled the company to exercise tight administrative control over him during his periods of work for it; to impose fierce conditions on when and how much it paid to him, which were described at one point as his wages; and to restrict his ability to compete with it for plumbing work following any termination of their relationship.

“We hold that the [employment] tribunal was entitled to conclude that the company cannot be regarded as a client or customer of Mr Smith.” https://www.bbc.co.uk/news/business-44465639
gig  Economy  Uber 
june 2018 by asterisk2a
Key gig economy case reaches Supreme Court - BBC News
[of interest also for delivery service industry eg DPD Parcelforce Amazon, as well as Germany sub-contractor space - Zeitarbeit and Leiharbeit] The case hinges on the distinction between Mr Smith's status as either a self-employed contractor, or a worker for the company.

He was VAT-registered and paying tax on a self-employed basis, but worked solely for Pimlico Plumbers.
Self-Employment  gig  economy  labour  practices  workers  trade  union  rights  neoliberal  neoliberalism  tax  evasion  avoidance  profit  maximisation  welfare  state  Uber  Amazon  DPD  1099 
february 2018 by asterisk2a
Homebase owners may close up to 40 stores - BBC News
[first the supermarkets, then everyone else, also UK restaurant trade struggling, especially mid-market! anything above your payday takeout, also housing growth is slowing down thus DIY ] UK retailers are struggling in the face of rising inflation and fragile consumer confidence.

Several store chains have announced job cuts recently, including supermarket giants Tesco, Sainsbury's and Asda.

Homebase's rival, B&Q, last week said it was cutting 200 jobs at its head office in Hampshire as part of a cost-cutting drive. &! https://www.theguardian.com/business/2018/feb/05/uk-services-sector-growth-falls-hotels-restaurants-brexit - Demand weakens for services such as restaurants and hotels amid ongoing Brexit uncertainty
UK  Brexit  disposable  income  economy  discretionary  spending  growth  wage  Productivity  High  Street  Precariat  working  poor  poverty  trap  social  mobility  pay  rise  inflation  broke  household  debt  credit  card  leverage  recovery  secular  stagnation  history  GFC  Austerity  underinvestment  output  gap  HighStreet  Services  Service 
february 2018 by asterisk2a
Many graduates earn 'paltry returns' for their degree - BBC News
#shambles // between a fifth and a third of graduates take non-graduate jobs, and that any extra returns for having a degree "vary wildly". // got to uni or get fucked by life - aka Precariat poverty trap tl;dr // nothing in between not step ladder! nothing technical. also no assistance, was cut by Tories //
UK  University  College  degree  higher  education  policy  student  debt  loan  disposable  income  discretionary  spending  growth  Privatisation  Tony  Blair  meritocracy  meritocratic  social  mobility  Austerity  Productivity  Services  economy  output  gap  potential  Precariat  working  poor  poverty  trap  Brexit  JAM 
february 2018 by asterisk2a
Uber loses court appeal against drivers' rights - BBC News
[ ANOTHER COURT IN UK SAID, UBER DRIVERS ARE EMPLOYEES.] Uber said there were two further possible stages in the appeal process - the Court of Appeal and the Supreme Court. &! Deliveroo - http://www.bbc.co.uk/news/business-41983343 - But the CAC found they were self-employed because of their freedom to "substitute" - allowing other riders to take their place on a job. &! http://www.bbc.co.uk/news/business-41980922 - Handy gig cleaning app. and its policy acts causes social media row.
UK  Uber  Platform  1099  Self-Employment  gig  Economy  on-demand  working  poor  poverty  insecurity  Precariat  minimumwage  Mindestlohn  TaskRabbit  neoliberal  Exploitation  workers  rights  trade  union  neoliberalism  Capitalism  profit  maximisation  PAYE  NI  taxation  pension  scheme  bailout  welfare  state  recovery  Technology  totalitarianism  technocracy  Super  Rich  1%  Plutocracy  Oligarchy  evasion  avoidance  tax  employment  law  Deliveroo 
november 2017 by asterisk2a
Almost all the 10 million jobs created since 2005 are temporary — Quartz
“We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment. - https://www.reddit.com/r/Economics/comments/79jmuh/almost_all_the_10_million_jobs_created_since_2005/
USA  economic  history  workers  trade  union  recovery  GFC  secular  stagnation  social  income  mobility  inequality  job  creation  Precariat  working  poor  security  insecurity  1099  gig  economy  Self-Employment  part-time  Uber  on-demand  profit  maximisation  capitalism  neoliberal  neoliberalism  benefits  welfare  state  tax  credits  evasion  avoidance  Austerity  BarackObama  DonaldTrump  Donald  Trump  Brexit  AfD  poverty  trap  post-racial  American  Dream  UK  Germany  btw17  lobby  vested  interest  No  Representation  employment  Zeitarbeit  Leiharbeit  Werkvertrag  Agenda  2010  Agenda2010 
october 2017 by asterisk2a
Homes are not assets to be passed on to children, says minister | Society | The Guardian
houses became a mini-social welfare net among families. and a helping hand in social/income mobility for those benefiting/children and children children. // also current gen funding elderly care have less wage, less money (inflation), less prospects, no mobility, student debt, and high rents.
Erbschaftsteuer  dementiatax  dementia  taxation  property  bubble  UK  housing  crisis  rentier  economy  Alzheimer  demographic  ageing  premature  social  care  adult  elderly  Council  bedblocking  bed  blocking  chronic  sick  population  sickcare  demand  healthcare  health  NHS  Austerity  asset  inheritancetax  inheritance  Generationengerechtigkeit  Generation  Rent 
october 2017 by asterisk2a
NHS plans to introduce an 'App' for staff to 'work extra hours at short notice'
https://skwawkbox.org/2017/10/03/video-hunt-ill-give-nurses-an-app-to-work-longer-at-short-notice/ - VIDEO: HUNT – “I’LL GIVE NURSES AN APP TO WORK LONGER AT SHORT NOTICE” //&! Several changes to nursing education were also announced during the conference including; increasing the number of trainee nursing associates and introduce nursing apprenticeships. apprenticeship nurses! are you kidding me!? http://www.bbc.co.uk/news/health-41489986 // from reg nurses w work experience and college/uni time to nursing associates to apprenticeship nurses! // Jeremy thinks you can catch patient safety w Nursing for Idiots. As well as allowing family to wash their relatives. // [...] [ending free nurse training = policy blunder bc also pay cap, austerity, not valued = training numbers down] Mr Hunt's announcement begs a big question - why is the Government flagging up a route to nurse qualification with no tuition costs at the same time as scrapping free tuition for student nurses? Could the Health Secretary have realised that making nurse trainees pay for their tuition might deter future applicants?
NHS  Nurses  Junior  Doctor  gig  economy  1099  on-demand  Jeremy  Hunt  Brexit  immigration  EU  staff  recruitment  Austerity  remuneration  Crisis  staffing  hiring  locum  CEP  STP  rationing  waiting  times  delayed  treatment  bedblocking  Council  bed  blocking  Simon  Stevens  quality  patient  safety 
october 2017 by asterisk2a
First fall in consumer spending for almost 4 years
Consumer spending has fallen on an annual basis for the first time in almost four years [...] Adjusting for inflation, real consumer spending by British consumers on Visa debit, credit and prepaid cards in May was 0.8 per cent lower than in the same month last year. Visa said that seasonally adjusted spending was 1.8 per cent lower in May compared to April. The figures are unofficial, but suggest that sluggish economic growth continued in the second quarter, after a first quarter in which the UK grew at the slowest rate in the G7. [...] household consumption, which accounts for more than 60 per cent of the economy. [ 80 Services and Consumption 20 manufacturing ] /&! http://www.telegraph.co.uk/business/2017/06/11/new-economic-woes-put-theresa-may-fresh-pressure/ - The crucial services sector stands on the brink of a contraction
UK  Brexit  GE2017  Consumer  Confidence  creditcard  credit  card  discretionary  spending  disposable  income  inflation  living  standard  wage  growth  recession  Economy  2017  secular  stagnation  deflation  deflationary  BOE  ZIRP  QE  NIRP  Austerity  Services  materialism  Shopping  Consumerism  consumerist  household  debt  mortgage  Manufacturing 
june 2017 by asterisk2a
Government review to order zero-hours contracts overhaul - BBC News
[campaigners are not happy with the watered down draft] The new "right to request" fixed hours could be used by some of the 900,000 people on zero-hours contracts, a number that has risen from 143,000 in 2008.
The contracts have been attacked for allowing some firms to keep people in insecure work, depress wages and deny people their full employee rights. [...] "Two years ago our staff started to tell us they needed some form of contracted hours because they wanted to get mobile phone contracts, car loans and - as they got older - mortgages to buy houses. [...] companies are using the "self-employment" status of people who work for them to avoid tax liabilities such as national insurance payments.
zero  hour  contract  gig  economy  Zeitarbeit  Leiharbeit  Werkvertrag  exploitation  tax  evasion  avoidance  efficiency  UK  profit  maximisation  workers  rights  union  No  Representation  wage  growth  income  inequality  insecurity  trickle-down  working  poor  Precariat  underemployed  welfare  state  credit  social  mobility 
may 2017 by asterisk2a
Car finance deals soar to new record - BBC News
The Bank of England and the Financial Conduct Authority (FCA) have raised concerns about such deals.
The Bank's worry is in relation to levels of consumer borrowing.
However Adrian Dally, head of motor finance at the FLA, said lenders were behaving responsibly.
"We do not share their concerns," he told the BBC. "Lending is responsible. This is a sustainable model going forwards." [...] That is largely because motorists can hand their cars back if they can no longer afford payments.
Ultimately it is the car manufacturers who carry the risk on such deals, as they guarantee second-hand values.
UK  consumer  debt  household  borrowing  creditcard  discretionary  spending  disposable  income  Brexit  confidence  credit  card  auto  loan  car  lease  protection  BOE  wage  growth  inflation  economy  FCA  squeezed  middle  class  working  poor  Precariat  bubble  automotive  industry  insolvency 
may 2017 by asterisk2a
Tony Blair's legacy 20 years on - BBC News
[hard left was banished to the wilderness under Blair] Blair's supporters point to his domestic achievements - the minimum wage and all the new schools, hospitals and Sure Start children's centres that were built during his time in power - and they insist that his reputation will one day recover.
But with Britain on its way out of the European Union, and the Labour Party back in the hands of the left, it seems like much of what Blair stood for has been swept away.
Tony  Blair  Labour  Party  UK  history  Politics  PFI  Privatisation  economy  NHS  globalisation  capitalism  neoliberalism  neoliberal  tax  evasion  avoidance  banking  deregulation  regulation  regulators  economic  USA  GFC 
may 2017 by asterisk2a
PM suggests free movement extension - BBC News
https://www.theguardian.com/politics/2017/apr/04/free-movement-will-go-on-in-transition-after-brexit-theresa-may - EU free movement into the UK could be extended after Brexit, Theresa May has suggested.
The prime minister said there would be an "implementation" phase once an exit deal had been struck, with business and governments needing a "period of time" to adjust to the new rules.
The government insists Brexit will allow the UK to control its borders.
Mrs May was pressed on what would happen if there was a transitional phase after a deal is reached.
BBC deputy political editor John Pienaar says the comments "clearly left open the possibility of free movement continuing, at least temporarily".
Brexit  Freedom  of  Movement  FoM  European  Union  economy 
april 2017 by asterisk2a
National Insurance rise 'fair', says PM - BBC News
http://www.bbc.co.uk/news/business-39225522 - She said the decision "was taken in the context of a rapidly changing labour market in which the number of people in self employment is rising rapidly".
The shift towards self employment was "eroding the tax base", she argued.
"Is it fair? I think it is fair to close the gap in contributions between two people doing the same work and using the same public services to make the same contribution to wider society."
'We should apologise'
She said, with other NI changes, "this is a change that leaves lower paid self-employed workers better off" and .
Ministers say those earning £16,250 or less will see their NI contributions fall.
Tories  Budget  welfare  state  Pension  NIC  NI  National  Insurance  Conservative  Party  Self-Employment  gig  economy  1099  adult  social  care  elderly  NHS  DWP  HMRC  Contractor  zero  hour  contract  Theresa  May  Philip  Hammond  Uber  Platform  Capitalism 
march 2017 by asterisk2a
Record 910,000 UK workers on zero-hours contracts | Business | The Guardian
Nearly 1m people on controversial terms but growth slowdown points to ‘zero-hours juggernaut’ grinding to a halt, say experts
zero  hour  contract  gig  economy  HMRC  DWP  tax  credit  taxcredit  minimum  wage  Mindestlohn  national  insurance  productivity  service  sector  UK  Germany  NI  underemployed  Self-Employment  part-time  Universal 
march 2017 by asterisk2a
IFS: Growth in UK living standards worst in 60 years | Business | The Guardian
The Institute for Financial Studies is predicting that households will be almost 20% worse off by 2021 - IFS calculations show that average household incomes will be 18% lower in 2021-22 than could have been reasonably expected before the financial crisis in 2007-08 - “One of the biggest drivers of the rise in child poverty is policy choices, which is why it is essential that the prime minister and chancellor use the upcoming budget to put in place measures to stop this happening. An excellent start would be to ensure families can keep more of their earnings under the universal credit.”
IMF  UK  Austerity  OECD  living  standard  George  Osborne  David  Cameron  Philip  Hammond  Theresa  May  GFC  recovery  Tories  nasty  party  bank  bailout  Labour  Ed  Miliband  Jeremy  Corbyn  Conservative  secular  stagnation  disposable  income  discretionary  spending  household  debt  credit  card  mortgage  private  Consumer  Consumerism  wage  growth  inflation  mobility  inequality  gini  Coefficient  poverty  trap  working  poor  gig  economy  zero  hour  contract  Self-Employment  part-time  Precariat  squeezed  middle  class  technological  unemployment  ZIRP  NIRP  QE  trickle-down  neoliberalism  crony  Capitalism  corporatism  tax  evasion  avoidance  GDP  Corporate  profit  maximisation  globalisation  globalization  welfare  underinvestment  child  taxation  taxcredit  UC  DWP  JSA  social  fuel  Brexit  neoconservatism  neoconservatives  JAM 
march 2017 by asterisk2a
Philippe Legrain: Why immigration boosts GDP per capita - BBC News
migrants increase diversity of skills and ideas (background, edu, culture, history) thus more specialties, then collab, then innovation (likeminded people don't solve creatively hardest problems most prominent example - nobel prize winners and their teams), // George Osborne knew the benefit of immigration to Economy! some of his forecasts/expecations relied on immigration. // And helps fund pensions! Duh! //&! http://www.bbc.co.uk/news/uk-politics-39122835 - austerity + east european low skill labour = created environment of contend
UK  immigration  Brexit  innovation  Entrepreneurship  NHS  EEA  economy  GDP  productivity  ageing  population  skill  skills  demographic  bubble  Visa 
march 2017 by asterisk2a
Government looks for new spending cuts of up to 6% - BBC News
[ fallacy of Austerity, just Austerity to balance the budget, living off the body, no investment (ROI) to balance future butget by increased tax income. debt does not come down, bc the economy stupid. and imf has backtracked its austerity advice, and latest from imf - investment in health and edu grows economy, got an ROI! ] The Institute for Fiscal Studies has said meeting this target by 2025 would require up to £34bn in further spending cuts and tax rises. &! http://www.bbc.co.uk/news/business-38894023 - To meet his target of eliminating the deficit during the next parliament, which is from 2020 to 2025, Mr Hammond will probably have to find a further £34bn in tax rises and spending cuts, extending austerity.
The report said £17bn of tax rises could be needed to contribute to closing the gap for government between outgoings and income.
UK  Austerity  NHS  STP  rationing  education  policy  Tories  nasty  party  Conservative  Theresa  May  Philip  Hammond  George  Osborne  fiscal  ROI  underinvestment  working  poor  Precariat  self-employment  gig  economy  squeezed  middle  class  Productivity  output  gap  GFC  recovery  bank  bailout  technological  unemployment  zero  hour  contract  DWP  HMRC  tax  evasion  avoidance  public  health  2020 
february 2017 by asterisk2a
The Bank of England is in denial. Brexit shows people don't act rationally | Robert Skidelsky | Business | The Guardian
Our models of quantifiable risk fail when faced with radical uncertainty. // retail spending binge post brexit and in run-up. // The challenge is to develop macroeconomic models that can work in stormy conditions: models that incorporate radical uncertainty and therefore a high degree of unpredictability in human behaviour. [...] Keynes, for his part, didn’t think this way at all. He wanted an economics that would give full scope for judgment, enriched not only by mathematics and statistics, but also by ethics, philosophy, politics, and history – subjects dropped from contemporary economists’ training, leaving a mathematical and computational skeleton. To offer meaningful descriptions of the world, economists, he often said, must be well educated.
Brexit  UK  consumer  debt  household  credit  card  mortgage  BOE  Austerity  Consumerism  materialism  behaviour  Economics  Economy  rational  book  irrational  living  standard  savings  wage  growth  income  mobility  macroeconomic  forecast  Keynes  history 
february 2017 by asterisk2a
How The Democratic Party BETRAYED Workers & Its Base - THOMAS FRANK Interview Part 1 - YouTube
Dems doubled down on betrayal of labour - https://youtu.be/0TnS_P4JGDc // chimes w Mark Blyth and Matt Taibbi assessment. - propaganda game for HRC! - professional class could not accept Bernie. DNC adopted professional class, abandoned working class (left behind, picked up by Trump at the ballot box after Sanders was gone). [...] Dems wiped out! Now counting on Trump to screw it up. That is their strategy! [...] also the draining the swamp, no accountability in the big league game - see nassim talebs skin in the game. see bank bailouts nobody went to jail. sank economy, sank the world, the working poor and middle class have to pay for it. and 1-10% ask for tax cut and get it (trickle-down) ... Austerity. There is no deterrent from white and blue collar crime - financial crime, fraud, like accounting. GFC after-math is precedent, not deterrent from greed. //
DNC  Democrats  Bill  Clinton  Hillary  HRC  BarackObama  NAFTA  TTIP  TPP  TISA  neoliberalism  deregulation  book  corporatism  Journalism  journalismus  bank  bailout  recovery  GFC  USA  working  poor  taxation  Trickle-down  1%  10%  Super  Rich  Oligarchy  Plutocracy  lobby  squeezed  middle  class  Bernie  Sanders  revolving  door  Drone  Warfare  Mark  Blyth  Thomas  Frank  wage  growth  income  inequality  Poverty  gig  Economy  1099  social  mobility  gini  Coefficient  WallStreet 
february 2017 by asterisk2a
"Democrats Would Rather Lose Than Win With A Progressive"-Former Sanders Official Nick Brana Pt 2 - YouTube
Democrats fought & stole it from Bernie because they rather would lose to GOP/Trump than move to the left progressives. // See also book Thomas Frank - Liberal - https://youtu.be/M9u2aR19P3g. & Matt Taibbi on GOP and in general the establishment - $ - choosing the candidate not the voter electorate and journalists feeding themselves co-opting into the game then wondering why they are called fake and luegenpresse. And Mark Blyth mentioning Bill Clinton finished what Reagan could not ( Surrender: How the Clinton Administration Completed the Reagan Revolution by Michael Meeropol (Paperback) - https://www.yo​utube.com/watch​?v=a0q_Ww1q1j8. And Obama did not fight GOP in public, he preserved the status quo, did not upset the DNC elite and establishments going to the left and much more progressive and then there was the Drone Warfare.
DNC  Bernie  Sanders  Democrats  presidential  election  book  Thomas  Frank  Hillary  Clinton  Bill  1%  10%  Super  Rich  Oligarchy  Plutocracy  lobby  NAFTA  TTIP  TPP  TISA  2016  journalism  progressive  Career  Politicians  democracy  DonaldTrump  Donald  Trump  BarackObama  GOP  Matt  Taibbi  Mark  Blyth  economic  history  neoliberalism  Austerity  Globalist  corporatism  profit  maximisation  Taxation  Poverty  working  poor  Uber  oligopol  oligopoly  monopoly  gig  economy  self-employment  squeezed  middle  class  secular  stagnation  social  mobility  inequality  wage  growth  GFC  bank  bailout  recovery  gini  Coefficient 
february 2017 by asterisk2a
Booming gig economy costs £4bn in lost tax and benefit payouts, says TUC | Business | The Guardian
Study shows low-paid self-employment and zero-hours contracts costing exchequer £75m a week – a quarter of England’s weekly social care budget [...] Their relatively low earnings also make them more likely to need to rely on in-work benefits such as tax credits and housing benefit, the TUC said. [...] “The huge rise in insecure work isn’t just bad for workers. It’s punching a massive hole in the public finances too,” said TUC general secretary Frances O’Grady.
HMRC  Treasury  Whitehall  Westminster  Lobby  Consultant  zero  hour  contract  Self-Employment  gig  economy  welfare  state  Governance  Government  Precariat  working  poor  Poverty  part-time  minimum  wage  minimumwage  mindestlohn  Zeitarbeit  Leiharbeit  LHA  DWP  George  Osborne  Philip  Hammond  Iain  Duncan  Smith  housing  benefit  tax  credit  child  taxcredit  Austerity  secular  stagnation  crony  capitalism  bailout  corporatism  neoliberalism  exploitation  profit  maximisation 
february 2017 by asterisk2a
Hannah Arendt - Die Pflicht zum Ungehorsam (2015) - YouTube
'as individuum you dont have power, only in collective' << see Byung-Chul Han the 'depressive, weak, singled out individual who exploits him or her or they self. // Eichmann wie Trump w Daniel Hannahn wie Boris Johnson ein Hanswurst! EINer von vielen HANSwurst. klug aber dumm, banalitaet. 'Der unwille was mit dem anderen ist.' // 'Je oberflaechlicher jemand ist, desto eher wird sich jemand der banalitaet des boesen ergeben.' ie use of bigotry, prejudice, stigmata, cliche, alternative facts, ... xenohobia, hate speech,// Totalitarianism 14:15 - for far-right to rise, authoritarians, populismus to rise, need to create Luegenwelt, post-truth, post- fact, emotions only, alternative facts, ... brotbrett mit brotkrumen aud ihr doktrinen schnallen. Eine welt nur mut brotkrumen, da kann das funktionieren. Wo man sich ueber die Brokkrumen streitet (see NHS foreign patients charges debate). Adressing the emotional needs better than the centrists and the left, which also isnt reality. // Brexit also perpetuated as "Allmaechtig" single solution to all worries, needs, wants. // Ideology creates the evil itself. Ideology to monopolise truth. destroyes thinking as individual and perosnal individual judgement. // arends totalitarianism is classic, today w social media and internet and filter bubble it is neo-totalitarianism!!! no central organ it is a network connected riding on the same wave length for the same purpose.
Hannah  Arendt  workers  union  trade  Byung-Chul  Han  Selbstdarstellung  Selbstausbeutung  book  Philosophy  Soziologie  Sociology  Alain  de  Botton  Status  Anxiety  rat  race  Consumer  Consumerism  Selfie  Self-Employment  gig  economy  1099  Platform  Capitalism  Corporate  corporatism  neoliberalism  neoliberal  crony  Zeitarbeit  Leiharbeit  zero  hour  contract  Contractor  Productivity  burnout  GFC  recovery  bank  bailout  Agenda2010  hartz-IV  DonaldTrump  Donald  Trump  Brexit  TTIP  Capital  CETA  TTP  TISA  Boris  Johnson  Theresa  May  Superficial  Evil  prejudice  bigot  bigotry  far-right  right-wing  White  Supremacy  alt-right  neo-Nazi  Xenophobia  Homophobia  transphobia  Fremdenfeindlichkeit  Ausländerfeindlichkeit  Racism  Stigma  Sexismus  Sexism  Misogynie  misogyny  gender-based  discrimination  inequality  BAME  Equality  Resistance 
february 2017 by asterisk2a
A Risk Analyst on What You Should Worry About (and Ignore) Under Trump | Inc.com
The worst thing you can do is create high expectations and consistently fail. // Obama & TRUMP! w expectaions 2-4 years world be different for them. But not much has change, if not even a economic recession or crash with unintended consequences (more hardship under Trump).
Donald  Trump  DonaldTrump  BarackObama  presidency  history  economy 
february 2017 by asterisk2a
Zwei neue Bücher über Armut - Markige Skandalisierung gegen spröde Analyse
40% der bevoelkerung von armut bedroht. hoffnuslos das kinder aus der armut raus kommen. abgeschafft, das man selber nicht mehr aus der armut heraus kommt.
book  poverty  homelessness  homeless  Germany  Precariat  Soziale  Marktwirtschaft  Agenda2010  Agenda  2010  hartz-IV  UBI  Universal  Basic  Income  redistribution  gini  Coefficient  neoliberalism  Armuts  Risiko  social  mobility  squeezed  middle  class  working  poor  Self-Employment  gig  economy  zero  hour  contract  Zeitarbeit  part-time  minimum  wage  worker  union  workers  trade  Leiharbeit 
february 2017 by asterisk2a
UK faces return to inequality of Thatcher years, says report | Business | The Guardian
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister.

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

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

Bank of England policymaker Michael Saunders said last week that developments in the labour market such as zero-hour contracts and agency working meant wages were unlikely to take off any time soon. [...] [ rise in unsecured credit 2008 levels, and personal bankruptcies not easier (online) to do and 2016 personal bankruptcies were up ~16% ]
UK  Brexit  living  standard  disposable  income  discretionary  spending  wage  growth  GDP  recovery  GFC  inflation  £  British  Pound  Precariat  working  poor  squeezed  middle  class  technological  unemployment  Productivity  output  gap  part-time  zero  hour  contract  Contractor  Self-Employment  gig  economy  1099  economic  history  Austerity  tax  credit  consumer  debt  household  Card  BOE  bankruptcies  bankruptcy  underinvestment 
january 2017 by asterisk2a
The new robot revolution will take the boss's job, not the gardener's | Business | The Guardian
Advances in artificial intelligence mean a second wave of change is approaching – and it is not the low-paid service sector where jobs are most at risk // Studies have shown that technological change rather than trade has been responsible for the vast majority of the jobs lost in manufacturing in the developed world. Put simply, machines have replaced humans. Robots have taken over factories. // https://twitter.com/ianbremmer/status/822930363827757056 20/80 split. - Technology—not int'l trade—accounts for 85% of the lost manufacturing jobs in the US. Feels like it's worth the reminder. &! https://www.theatlantic.com/business/archive/2014/01/the-dark-side-of-globalization-why-seattles-1999-protesters-were-right/282831/
AI  automation  Robotics  self-driving  cars  autonomous  vehicles  squeezed  middle  class  USA  UK  technological  unemployment  UBI  Universal  Basic  Income  Grundeinkommen  economic  history  education  policy  creativity  Richard  David  Precht  Alain  de  Botton  globalisation  globalization  offshore  outsourcing  contractor  contract  zero  hour  part-time  workers  union  trade  rights  Self-Employment  gig  economy  wage  growth  neoliberalism  crony  capitalism  tax  evasion  avoidance  Competition  corporatism  monopoly  oligopol  oligopoly  1%  10%  Super  Rich  Plutocracy  Oligarchy  welfare  state  redistribution  distribution  Precariat  working  poor  downward  mobility  social  poverty  trap  Austerity  underinvestment  underemployed  underemployment 
january 2017 by asterisk2a
Inquiry launched into UK gender laws amid fears over Brexit effect | World news | The Guardian
[ one particular NHS already breaking EU overtime work directive ] Areas of equality law to be examined include measures to guarantee equal pay, protection for part-time workers and during pregnancy, and combating so-called intersectional discrimination, where someone faces potential disadvantage for not just their gender but another area, for example race or religion. [...] While the government had promised to protect equality and the rights of workers following departure from the EU, Smethers said, the concern was that some protections could be lost almost inadvertently amid wider changes. [...] “The real worry we’ve got is that those kind of assurances are actually quite superficial, and they are probably a second order commitment compared to the need to secure a competitive economy, and how we compete if we’re outside the trading bloc,” Smethers said. &! Sports Direct, JD Sports - https://www.theguardian.com/business/2017/jan/29/140-jd-sports-staff-hospital-warehouse-rochdale
Brexit  EEA  immigration  Visa  discrimination  inequality  Equality  Act  2010  self-regulation  deregulation  Regulation  regulators  workers  union  trade  UK  USA  deal  NHS  LGBT  rights  Legal  Aid  minimum  wage  gig  economy  Self-Employment  tax  evasion  avoidance  HMRC  neoliberalism  neoliberal  crony  Exploitation  capitalism  corporatism  profit  maximisation  zero  hours  contract  contractor  part-time 
january 2017 by asterisk2a
Brexit and the UK's role in 2017 - YouTube
UK joined EU for practical economic reasons, as it was sick man of europe and europe itself outgrew UK. Now UK makes irrational economic self-harm bc it doesnt see EU as strong any more, the rest is stronger and wont be bound by EU. // Theresa May to be unremarkable PM. Accidental Brexit PM. ... bc of ineptitude of Labour and majority of Press Landscape backing Brexit.
Brexit  DonaldTrump  Donald  Trump  technological  unemployment  immigration  working  poor  globalisation  globalization  London  squeezed  middle  class  Precariat  identity  politics  Religion  living  standards  inequality  poverty  underemployed  underemployment  gig  economy  self-employment  gini  coefficient  Super  Rich  Austerity  1%  Plutocracy  Establishment  Liberal  Elite  social  mobility  wage  growth  income  stagnation  recovery  GFC  bank  bailout  Theresa  May 
december 2016 by asterisk2a
Gig economy threatens government finances, says May adviser | Business | The Guardian
“There is no question that the growth of self-employment and incorporation is having a significant impact on our revenues.” It is not known how many of the UK’s 4.7m self-employed workers are engaged in work that could also be classed as employment, but if only 10% were, that could imply an annual loss to the exchequer of close to £1bn, according to the Guardian’s estimate.

The exchequer does not receive employer national insurance contributions on behalf of self-employed workers. [...] Writing in the Guardian, Taylor says Britain’s employment system “has weaknesses and is not future-proof”
Self-Employment  Uber  Deliveroo  tax  avoidance  NHS  evasion  pension  Precarious  work  working  poor  Gig  Economy  1099  UK  budget  HMRC  technological  unemployment  JSA  DWP  Platform  Capitalism  minimum  wage 
november 2016 by asterisk2a
Economic Update: The System Exposed (2016.08.18) - YouTube
34:30 = Gig Economy / Sharing Economy = Hype, PR! attempt to part w your money, w your job. your condition is a now unsecure job, the precariat. welcome to the share economy.
Gig  Economy  Sharing  1099  Uber  Deliveryroo  Precariat  Precarious  Work  Zero  Hour  Contract  part-time  technological  unemployment  mobile  homescreen  job  insecurity 
august 2016 by asterisk2a
Keiser Report: Gold & World’s Debt Problems (Summer Solutions series E940) - YouTube
deflationary trap/liquidity trap - orthodox monetary policy w austerity = stagnation. & west is exporting deflation. // if it is good for consumers ... break up banks. // hedging is BS ... you double the system you double the risk. [...] banks are now bigger! ... ban most derivatives, and reintroduce glass stegall // Black-Schoeles - there is no such think as risk free rate and no such thing as the past reflect the future. risk is not equally distributed. [...] VAR is flawed. //
deflation  deflationary  NIRP  currency  war  currency  debasement  ZIRP  QE  Helicopter  Money  secular  stagnation  western  world  Abenomics  BOE  BOJ  Fed  ECB  economic  history  Richard  Koo  liquidity  trap  debt  overhang  balance  sheet  recession  consumer  debt  household  debt  mortgage  mortgage  market  mortgage  rates  distortion  hunt  for  yield  credit  boom  credit  bubble  PBOC  China  reflate  reflation  squeezed  middle  class  wage  growth  income  growth  income  distribution  income  disparity  working  poor  Precariat  Brexit  GFC  too  big  to  jail  productive  investment  underinvestment  austerity  history  productivity  gap  financial  instruments  investment  banking  global  economy  globalisation  globalization  derivatives  output  gap  productivity  recovery  neoliberal  neoliberalism  Chicago  School  neoclassical  economics  deregulation  Wall  Street  speculative  bubble  property  bubble  Beton  Gold  Betongold  stagnation  aggregate  demand  aggregate  demand  short-fall  too  big  to  bail  too  big  to  fail  TBTF  complexity  systemic  risk  systemrelevant  systemicrisk  systemrelevanz  zombie  bank  zombie  banks  non-performing  loan  leverage  hedge  Glass-Steagall  Black-Scholes  Equation 
july 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
We have entered a new era of conflict, warns new book
In his new book, Irregular War (IB Tauris) , he reflects on Isis, al-Qaida, Boko Haram, Al Shabab, and the Taliban - all separate manifestations, he says, of a new non-state dynamic driving international conflict through asymmetric and hybrid warfare. But their significance is more fundamental. They are part of what Rogers calls “an historical shift towards revolts from the margins”. And such revolts are made more likely by “the widening global socio-economic divide and the onset of climate disruption”. [...] The causes of conflict are many and deep – economic, political, societal, environmental, demographic. [...] “the increasing marginalisation of the majority of the world’s people caused by the workings of the neo-liberal system of international economic activity” which concentrates most of the fruits of economic growth in the hands of a transglobal elite of some 1.5bn people.
book  ISIS  ISIL  al-Qaeda  al-Qaida  Boko  Haram  Al  Shabab  Taliban  Middle  East  Iraq  War  climate  change  global  warming  extreme  weather  extreme  poverty  free  trade  weather  extreme  drought  crop  shortage  water  security  food  security  crop  failure  youth  unemployment  unemployment  Arab  Spring  Jasmine  Revolution  jasminrevolution  military-intelligence  military–industrial  complex  Gini  coefficient  inequality  poverty  1%  10%  20%  globalisation  globalization  winner  take  all  Super  Rich  plutocracy  neoliberal  neoliberalism  neoclassical  economics  neoconservatism  neoconservatives  Chicago  School  liberalism  Foreign  Aid  global  economy 
july 2016 by asterisk2a
Behind the Bond-Stock Divide Is a Big and Risky Bet on Central Banks - WSJ
The idea is that if stocks are rising, bond yields should be climbing too. Here's how to reconcile it. The answer is central banks. If rates are going to stay lower for longer; if more rounds of quantitative easing are coming; if new ways of easing are coming -- the rates should be going down and stocks moving higher. [...] It's about dividends paying more than bonds. 90% of the bond market universe is near 2% or lower. //&! http://www.zerohedge.com/news/2016-07-12/germany-about-sell-zero-coupon-10-year-bonds-first-time-ever //&! http://www.zerohedge.com/news/2016-07-13/we-just-found-out-who-has-been-buying-all-these-record-low-yielding-bonds - When your nation's bonds are trading with a record low 28bps negative yield (10Y JGBs), everything else in the world (aside from Swiss 10Y) is a relative 'value'...
bond  bubble  ZIRP  NIRP  QE  equity  bubble  hunt  for  yield  central  banks  BIS  Fed  BOE  ECB  BOJ  PBOC  secular  stagnation  wage  growth  output  gap  productivity  gap  squeezed  middle  class  working  poor  Precariat  inequality  Gini  coefficient  western  world  rising  middleclass  Asia  BRIC  income  distribution  tax  evasion  tax  avoidance  crony  capitalism  capitalism  in  crisis  capitalism  neoliberal  neoliberalism  globalisation  global  economy  globalization  free  trade  dividends  underinvestment  business  confidence  consumer  confidence  discretionary  spending  disposable  income  student  debt  consumer  debt  car  loan  property  bubble  speculative  bubble  speculative  bubbles  distortion  asset  allocation  austerity  AI  Robotics  automation  augmented  intelligence  Structural  Impediments  imbalance  unemployment  long-term  unemployment  skills  gap  skill-biased  technological  change  skills  shortage  economic  history  Brexit  technological  history  underemployed  underemployment  part-time  deflation  deflationary  JGB 
july 2016 by asterisk2a
'Northern powerhouse' depends on productivity not rail links: thinktank | Business | The Guardian
In this post-referendum vacuum, Carney alone can't save the UK economy - Getting productivity going again will require more investment in innovation and our universities. It means more help for businesses that want to update their production lines, overhaul their IT systems or retrain their staff. Productivity will only improve if the UK addresses its skills shortages with sensible immigration policies and with better training. In an age of economic insecurity, training is key if the march of the robots is not to further exacerbate inequality. Similarly, the UK must get serious about moving to an apprenticeship system that has parity of esteem. - http://bit.ly/29cCmtq
Northern  Powerhouse  Brexit  apprenticeship  apprenticeships  UK  recovery  productivity  productivity  gap  output  gap  economic  history  Manufacturing  household  debt  consumer  debt  student  debt  City  of  London  George  Osborne  Policy  underinvestment  STEM  skills  gap  skills  economy  skills  shortage  structural  unemployment  long-term  unemployment  working  poor  Service  Sector  Jobs  Precariat  Gini  coefficient  inequality  poverty  child  poverty  austerity  infrastructure  investment  London  economies  of  agglomeration  competitiveness  comparative  advantage  competition  competitive  competitive  advantage  global  economy  globalisation  globalization  DWP  Iain  Duncan  Smith  GFC  Steel  Crisis  Steel  Industry  energy  price  University  Germany  education  education  bubble  AI  automation  Robotics  Robots  autonomous  car  self-driving  cars  autonomous  cars  augmented  intelligence 
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
UK current account deficit deepens Brexit fears | Business | The Guardian
ONS data reveal trading position with rest of world is worse than thought and confirm that economy slowed in the first quarter.
Brexit  UK  economy  global  economy  recovery  FDI  foreign  direct  investment  consumer  spending  consumer  confidence  business  confidence  uncertainty 
june 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
The Incredible Shrinking Middle Class - YouTube
Canada: Generation Jobless - https://youtu.be/4UUuMWqA8eE - "The Plight of Younger Workers" (Report).& underemployed graduates w fancy sounding degrees. [...] EDUCATION INFLATION! [...] an education does no more guarantee a comfortable middle class jobs, and parents are disappointed. [...] globalisation of workforce plus automation, robotics, AI, augmented intelligence. the new GM's and Toyota's and DuPonts need less and less workers to catch ever greater pies of the current and future economy. [...] rise of the project focused self-employed and the Gig Economy. //&! (USA) Invisible Reality; The Working Poor - youtu.be/806PSngTKgg //&! FULL STORY: Generation Poor - youtu.be/lB4w8MQPdEE //&! FULL STORY: The Labour Trap - youtu.be/cHBo3LgXUPA - precarious work is now more and more the norm. as well as exploitation of those conditions.
squeezed  middle  class  working  poor  Precariat  precarious  employment  precarious  work  Zero  Hour  Contract  part-time  part-time  employment  underemployed  underemployment  structural  unemployment  overqualified  overqualification  social  mobility  income  mobility  western  world  USA  secular  stagnation  GFC  economic  history  Student  Loan  Bubble  debt  loans  youth  unemployment  demographic  ageing  population  Canada  OECD  low  pay  globalisation  emerging  middle  class  automation  Robotics  Robots  AI  artificial  intelligence  augmented  intelligence  self-driving  cars  autonomous  car  autonomous  cars  linkedin  IBM  Microsoft  Facebook  Instagram  WhatsApp  Oracle  Google  temporary  work  babyboomers  Baby  Boomers  self-employment  Gig  Economy  1099  Economy  Higher  Education  internship  apprenticeship  apprenticeships  exploitation  profit  maximisation  profit  maximization  shareholder  value  capitalism 
june 2016 by asterisk2a
UK GDP growth – beware the march of the spenders | Business | The Guardian
the breakdown was deeply troubling. What it showed was an economy unhealthily reliant on consumer spending. Real household spending was up 0.7% on the quarter and added 0.5 percentage points to the growth rate. In other words, the other components of growth – investment, trade and government spending – contributed -0.1 points to growth during the first three months of the year. [...] drop in business investment, which was down both over the quarter and over the year. //&! bit.ly/1RjxDnh - Making things matters. This is what Britain forgot. Ha-Joon Chang. The neglect of manufacturing and over-development of the financial sector is the cause of the economy’s decline, not fear of leaving the EU
UK  2016  recovery  Manufacturing  George  Osborne  industrial  policy  David  Cameron  austerity  Brexit  secular  stagnation  USA  world  economy  underinvestment  Smart  Grid  competitiveness  competitive  advantage  competitive  China  Steel  Crisis  Steel  Industry  BRIC  European  Union  Fiscal  Pact  Schuldenbremse  ZIRP  NIRP  distortion  policy  monetary  policy  Mark  Carney  short-termism  short-term  thinking  short-term  view  Career  Politicians  general  election  2015  general  election  2020  Conservative  Party  neoliberalism  neoliberal  tax  evasion  tax  avoidance  Panama  Papers  HMRC  income  tax  receipts  employment  self-employment  Precariat  minimum  wage  wage  growth  productivity  output  gap  savings  rate  housing  bubble  property  bubble  business  confidence 
may 2016 by asterisk2a
Chris Grayling dimisses concerns over economic impact of a Brexit
Yvette Cooper: Brexit won't prevent EU free movement to the UK - LIKE NORWAY CASE! - youtu.be/qa--kXGNhiE //&! IMF downgrade UK over Brexit fears - youtu.be/gfmVP3_TXNk - calling for fiscal stimulus!
Brexit  Chris  Grayling  Yvette  Cooper  liquidity  trap  secular  stagnation  fiscal  stimulus  IMF  OECD  austerity  2016  global  economy  China  credit  bubble  monetary  stimulus  aggregate  demand  aggregate  demand  short-fall  ZIRP  NIRP  QE  British  Pound  Sterling  Pact  Schuldenbremse  demographic  bubble  ageing  population  economic  history  recovery  sovereign  debt  crisis  PIGS  ChristineLagarde  George  Osborne  monetary  policy  Mark  Carney  BOE  ECB  MarioDraghi 
april 2016 by asterisk2a
Revolutionary politics in the UK
// yanis is liberal marxist // &! Will John McDonnell's fiscal rules work for Labour? Paul Mason Vs John Rentoul - youtu.be/0EISho5eSUc - OBR econometrics dictated by Treasury, George Osborne w wonky multipliers that don't fit w IMF models. IMF calls for fiscal stimulus! since late 2015 because China's credit bubble popped and global economy started to head south.
Yanis  Varoufakis  Paul  Mason  Labour  Party  Jeremy  Corbyn  Bernie  Sanders  Marxism  democracy  No  Representation  Super  Rich  1%  oligarchy  plutocracy  tax  evasion  tax  amnesty  tax  avoidance  Soziale  Marktwirtschaft  fairness  Social  Justice  economic  bank  bailout  GFC  austerity  Generationengerechtigkeit  revolving  door  lobby  Greed  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  Wall  Street  Main  Street  squeezed  middle  class  working  poor  Precariat  poverty  trap  economic  history  UK  globalisation  globalization  global  economy  self-regulation  deregulation  regulation  regulators  secular  stagnation  trickle-down  economics  free  market  exploitation  liberal  economic  reform  self-employment  job  security  job  insecurity  Zero  Hour  Contract  antitrust  winner  take  all  gini  coefficient  inequality  deprivation  poverty  John  McDonnell  austerity  aggregate  demand  Richard  Koo  Joseph  Stiglitz  Schuldenbremse  Fiscal  Pact  economic  history  neoliberal  neoliberalism  OBR  Chicago  School  neoclassical  economics  infrastructure  investment  liquidity  trap 
april 2016 by asterisk2a
"I love making videos more than anything. When you're churning out sheer quantity there's no time to dwell. You just post." @CaseyNeistat
because YT algo demands it to elevate you // "I take it very seriously, I don't mess around. I love every second and my typical edits take 3-6 hours in post production." //&! "I have friends who do daily vlogs that shoot and edit directly from their cell phones. That's amazing!" //&! "I created @bemeapp because I wanted a platform to share video without self-consciousness. It's a way to share honestly." //&! "My office is a sanctuary. It's organized chaos that makes it functional. I'm more productive in my studio than anywhere else" //&! //>> Hollywood and other regular players, off the internet, is no place to take risks.
Casey  Neistat  YouTube  content  discovery  content  distribution  Piracy  bootleg  content  consumption  content  economy  content  creator  content  strategy  Vlog  Vlogging  Entertainment  storytelling  Selbstdarstellung  Selfie  Beme  Farm  creator  creative  constraint  creative  content  creative  craft  creative  destruction  creative  expression  creative  resistance  creative  surplus  Social  Media  Clickbait  Linkbait  Reality  TV  television  Selbstfürsorge  mobile  homescreen  Entertainment  Industry  Escapeism  Escapism  original  content  original  programming  Netflix  Amazon  Prime  Hollywood  HBO  ZDFneo  BBC3  iPlayer  geo  blocking 
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
Oil exporter talks hit difficulties in Doha
A meeting of leading oil exporting countries in Qatar, called to address the low level of prices, has run into difficulties.
Reports from Qatar's capital Doha, say the problem is tension between Saudi Arabia and Iran.
The agenda for the meeting is whether to freeze production levels.
Iran has consistently refused to take such steps but Saudi officials have at times appeared willing to take such action only if Iran were to as well. //&! failed at the end to come to, what would have been, a historic agreement - bit.ly/1SfbyYF
OPEC  Oil  price  commodity  prices  secular  stagnation  2016  global  economy  western  world  Saudi  Arabia  Iran 
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
underinvestment  austerity  Smart  Grid  energy  policy  energy  price  competitive  advantage  competitive  George  Osborne  David  Cameron  budget2010  budget2015  Budget2016  Manufacturing  current  account  deficit  budget  deficit  trade  deficit  TPP  AIIB  World  Bank  China  BRIC  commodity  prices  heavy  industry  microeconomic  policy  macroeconomic  policy  macroprudential  policy  Mark  Carney  education  policy  skills  gap  skill  gap  skill  investment  apprenticeship  further  education  immigration  migration  Tories  Conservative  Party  nasty  NIRP  ZIRP  QE  recovery  output  gap  productivity  productivity  gap  Service  Sector  Jobs  job  creation  labour  market  job  market  DWP  Iain  Duncan  Smith  general  election  2015  election  campaign  promises  Manifesto  corporate  restructuring  corporate  welfare  subsidies  subsidizing  corporate  subsidies  Privatisation  Nationalization  Nationalisation  constituency  Party  Funding  general  election  2020  IMF  OECD  policy  folly  policy  error  global  economy  credit  bubble  Germany  Hinkley  Point  C  renewable  energy  energy  storage  job  creation  fiscal  policy  monetary  policy  Mark  Carney  QE  ZIRP  NIRP  property  bubble  rent-seeking  rentier  liquidity-trap  liquidity  trap  Housing  Crisis  Help  to  Save  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let 
april 2016 by asterisk2a
THE DIRTY LITTLE SECRET | DailyVee 029
3:40 - youtube.com/watch?v=in28p1aycts - "attention is the asset" // >> see mariemeimberg [ YouTube - Daily Vlogs sind asozial # DAILY VLOG FEEDBACK No2 # Youtube-Formate-Test ] Daily vlogging ist asozial! & even Casey Neistat's feel repetitive if they are not a ONE OFF CREATION via added value, life insight, lessons learned, personal note, very individual only could do ... creating and adding value for the viewer to their life's. No Time Waster's "Can I have my 10 minutes back, please?" //&! min 5:30 - YouTube land Germany is responding to what Germany YouTube wants; see BeHaind's YouTube Deutschland eine BeSCHANDSaufnahme. ... you have to do what your customers want and do ... youtu.be/VoXwDn8VlSQ - or be yourself the creative and do what you want and fewer want and do and not get the 1 million subs. and still make ~100k a year but not the million. + Patience! ... we live in world of instant gratification, tricking you. [...] how u make ur money is more important than how much!
Vlog  Vlogging  YouTube  added  value  value  creation  Proposition  value  add  content  consumption  content  economy  competitive  competitive  advantage  attention  arbitrage  attention  graph  attention  span  mobile  homescreen  Escapeism  Gaming  Entertainment  Procrastinating  Casey  Neistat  Gary  Vaynerchuk  content  discovery  content  distribution  Social  Media  content  creator  Entrepreneurship  success 
april 2016 by asterisk2a
From a Culture of Connectivity to a Platform Society
transform, change public life and social life. [...] participatory culture (reality is sometimes less than 1% create of the 100% that consume. [,,,] give away your user data, get service for free. it became a economic transaction. user data is currency. [...] harmful for people, but no discussion about harms to society and public life (self-censorship) & rise in vanity, Selbstdarstellung! Also filter bubble. Revenge Porn. Stalking. Cyber bullying and cyber mobbing. Phishing for your data, enabling cyber crime. [...] hidden norms and values [...] not a level playing field [pay to play] [...]
Platfom  Silo  Open  Platform  EULA  TOS  Social  Media  Facebook  Twitter  Instagram  winner  take  all  Strava  Google  News  Google  Inc.  Uber  Silicon  Valley  mobile  homescreen  Brand  Gesellschaft  society  WhatsApp  Public  Life  AirBnB  book  Web  2.0  Tinder  user  data  Privacy  Internet  Privacy  sharing  economy  Gig  YouTube  self-censorship  Big  advertisement  re-targeting  advertisement  targeting  Selbstdarstellung  Selfie  filter  bubble  Newsfeed  revenge  porn  stalking  cyber  mobbing  cyber  bullying  phishing  cyber  crime  self-regulation  NextDoor  Amazon  4chan  Reddit 
april 2016 by asterisk2a
Why Everyone Must Get Ready For The 4th Industrial Revolution
For example, as automation increases, computers and machines will replace workers across a vast spectrum of industries, from drivers to accountants and estate agents to insurance agents. By one estimate, as many as 47 percent of U.S. jobs are at risk from automation. Many experts suggest that the fourth industrial revolution will benefit the rich much more than the poor, especially as low-skill, low-wage jobs disappear in favor of automation.

But this isn’t new. Historically, industrial revolutions have always begun with greater inequality followed by periods of political and institutional change. The industrial revolution that began at the beginning of the 19th century originally led to a huge polarization of wealth and power, before being followed by nearly 100 years of change including the spread of democracy, trade unions, progressive taxation and the development of social safety nets.
Mobile  Creative  Mobile  Creatives  augmented  intelligence  artificial  intelligence  AI  Robotics  automation  destruction  creativity  book  social  safety  net  welfare  state  tax  credit  working  poor  Precariat  low  pay  low  income  Universal  Basic  income  tax  receipts  job  creation  Service  Sector  Jobs  precarious  work  precarious  employment  Contractor  part-time  Zero  Hour  Contract  self-employment  tax  evasion  profit  maximisation  profit  maximization  shareholder  capitalism  shareholder  value  Wall  Street  M&A  Autonomous  Cars  Google  Car  Uber  public  transport  public  transportation  corporate  tax  rate  tax  amnesty  tax  avoidance  Panama  Papers  offshore  banking  Super  Rich  1%  plutocracy  oligarchy  Soziale  Marktwirtschaft  skills  gap  skills  economy  skill  mismatch  skill-biased  technological  change  skill  gap  skills  mismatch  skills  shortage  skills  missmatch  skill  investment  education  policy  winner  take  all  business  model  R&D  R&D  underinvestment  austerity  Generationengerechtigkeit  fairness  democracy  secular  stagnation  western  world  job  market  labour  market  poverty  trap  economic  history  UK  USA  Europe  Germany 
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.
UK  USA  job  creation  Manufacturing  industrial  policy  competitiveness  competitive  Service  Sector  Jobs  minimum  wage  low  pay  low  income  productivity  productivity  gap  recovery  economic  history  budget  deficit  income  tax  receipts  IRS  HMRC  trade  deficit  current  account  deficit  precarious  work  Precariat  squeezed  middle  class  job  loss  job  security  job  insecurity  working  poor  Contractor  Zero  Hour  Contract  Budget2016  George  Osborne  STEM  skills  gap  apprenticeships  2015  2016  China  BRIC  global  economy  global  trade  globalisation  globalization  outsourcing  self-employment  tax  free  income  tax  credit  social  safety  net  welfare  state  output  gap  participation  rate  babyboomers  western  world  secular  stagnation  Support  income  growth  wage  stagnation  disposable  income  discretionary  spending  household  debt  consumer  debt  credit  card  debt  car  loan  student  debt  Generation  Rent  Generationengerechtigkeit  tax  evasion  tax  avoidance  tax  amnesty  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  Wall  Street  shareholder  value  multiplier-effect  austerity 
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
Budget2016  George  Osborne  Career  Politicians  austerity  economic  history  Tories  Conservative  Party  nasty  David  Cameron  Brexit  HS2  minimum  wage  living  wage  budget  deficit  trade  deficit  secular  stagnation  recovery  Toff  No  Representation  Privileged  Establishment  demographic  bubble  bank  bailout  Positioning  dogma  ideology  neoliberal  neoliberalism  spin  doctor  PR  disposable  income  discretionary  spending  wage  stagnation  squeezed  middle  class  consumer  debt  household  debt  credit  card  debt  Student  Loan  Generation  Rent  underinvestment  Richard  Koo  Japan  nominal  GDP  targeting  GDP  growth  of  income  shareholder  capitalism  crony  capitalism  current  account  deficit  GBP  Sterling  business  confidence  global  economy  fault  lines  ZIRP  NIRP  QE  BOE  Mark  Carney 
march 2016 by asterisk2a
Angestellte bei Airbnb und Uber: "Diese Jobs schaffen ein neues Prekariat"
AirbnB und andere Firmen tun so, als hätten sie eine soziale Mission. Doch laut dem Buchautor Tom Slee beuten sie ihre Angestellten schlimmer aus als herkömmliche Firmen - und begünstigen totale Überwachung. // SPIEGEL: Es gibt Ökonomen, die sehen in diesen neuen Jobs auch eine Chance.

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

Slee: Die Leute sind scheinselbstständig, oft werden sie wie Angestellte behandelt. Tatsächlich haben sie etwa die Pflicht, 90 Prozent der angeforderten Fahrten anzunehmen, sonst werden sie gefeuert.
Share  Economy  sharing  Uber  for  X  Uber  Lyft  AirBnB  Book  on-demand  mobile  homescreen  ondemand  convenience  convenience  Service  Sector  Jobs  Precariat  precarious  employment  precarious  work  Contractor  part-time  part-time  employment  Zero  Hour  Contract  1099  Economy  Gig  Economy  neoliberal  neoliberalism  tax  credit  low  pay  low  income  self-employment  labour  market  job  insecurity  job  security  job  market  secular  stagnation  squeezed  middle  class  working  poor  marketplace  efficiencies  TaskRabbit  minimum  wage  TOS  employment  EULA 
march 2016 by asterisk2a
The Uber Model, It Turns Out, Doesn’t Translate
Uber for X // Startups that deliver what you want, when you want it — like Uber, but for groceries, laundry, munchies, etc. — are revamping their business plans or shutting down entirely. It turns out that the on-demand model is so cash-intensive that it only really works if you're, well, Uber.
Uber  Uber  for  X  Uber  Playbook  Lyft  on-demand  mobile  homescreen  convenience  Share  Economy  Gig  Economy  self-employment  1099  Economy  marketplace  efficiencies  TaskRabbit  Zero  Hour  Contract  commodity  business  commoditization  Niedriglohnsektor  Service  Sector  Jobs  job  insecurity  job  creation  job  security  job  market  freelancing  freelance  precarious  work  working  poor  Silicon  Valley 
march 2016 by asterisk2a
BBC Two - Britain's Secret Slavery Business
[forced labour, thus slavery. modern slavery act 2015; kept as a commodity, exploited, invisible handcuffs (documents taken away, or a threat to family)] [food industry & high steet is using it knowingly, does not monitor regularly unannounced it's suppliers for audits. slavery act 2015 can go only so long. industry can not self-regulate it seem.] Slavery and exploitation are alive and well in the UK. From factories and fields to high streets and high seas, investigative reporter Darragh MacIntyre reveals the extent to which exploited workers are embedded within our economy.
In this hard-hitting documentary, MacIntyre uncovers a hidden world of vulnerable victims - not only those trafficked to the UK from abroad, but also a British citizen forced to work unpaid for years. Joining police raids on suspected traffickers, MacIntyre witnesses first hand the authorities' efforts to combat this growing problem. He discovers, alarmingly, that 80% of slavery crimes may be going undetected
Zero  Hour  Contract  human  trafficking  UK  High  Street  minimum  wage  self-regulation  exploitation  shareholder  capitalism  crony  capitalism  shareholder  value  profit  maximisation  slave  labour  shadow  economy  Germany  East  Europe  EEA  Meat  Industry  economic  refugee  supply  chain 
march 2016 by asterisk2a
ECB reveals surprise stimulus moves - BBC News
[C]ut its main interest rate from 0.05% to 0% as part of a package of measures intended to revive the eurozone economy.
The bank will also expand its quantitative easing programme from €60bn to €80bn a month.
The ECB also decided to further cut its bank deposit rate, from minus 0.3% to minus 0.4%.
The measures, including the decision to cut the main interest rate, were more radical than investors had expected. John Hardy, head of currency strategy at Saxo Bank, said: "This was a much bigger bazooka than the market was expecting and shows the ECB trying to get ahead of the confidence curve after learning its lesson in December."
The stimulus measures announced three months ago have largely failed to drive economic growth higher or boost inflation. //&! bit.ly/1TP0XJJ - Volles Risiko &! bit.ly/1P8hncF &! bit.ly/1RCF3Tp &! Market Reaction - bit.ly/1LeOrjo &! bit.ly/1RTBJ95 - no investment bc aggregate demand not rising //&! bbc.in/225Eexl
ECB  ZIRP  NIRP  QE  OMT  inflation  targeting  LTRO  TLTRO  deflation  secular  stagnation  deflationary  Oil  price  commodity  prices  squeezed  middle  class  demographic  bubble  zombie  banks  global  economy  Richard  Koo  liquidity-trap  liquidity  trap  underinvestment  aggregate  demand  distortion 
march 2016 by asterisk2a
Ex-MPC member says rates will stay low until 2021 - BBC News
Blanchflower: Global economy "feels a little bit like 2008" Interest rates will likely fall further in Britain and remain at near record low levels until 2021, [...] Blanchflower described the backdrop to the committee's decision in March 2009 to cut rates to 0.5% as catastrophic. He said the MPC at the time had wished to avoid a death spiral. Britain was plunged into its deepest-ever recession in 2008 as confidence in banks collapsed and investment dried up. "We cut rates in November 2008 by 150 basis points (1.5%). It was clear that we should have cut by more but didn't because of the panic that it might have caused," he said. "It was absolutely clear that this (the financial crisis) was something we had not seen in a generation. We learned that the scale of the shock was enormous." [...] mortgage rates are 31% lower than before the crisis, while savers may have lost £106bn due to record low rates. //&! bbc.in/1YeqV87 &! bbc.in/1LGOxAf - central banks understated deflation pressure!
ZIRP  NIRP  QE  BOE  UK  global  economy  recovery  aggregate  demand  property  bubble  underinvestment  austerity  George  Osborne  speculative  bubbles  speculative  speculation  mortgage  market  macroprudential  policy  Mark  Carney  Help  to  Buy  Scheme  Help  to  Save  Right  to  Buy  Buy-to-Let  subprime  car  loan  credit  card  debt  zombie  consumer  zombie  corporations  zombie  banks  Richard  Koo  liquidity  trap  secular  stagnation  economic  history  GFC  household  debt  private  debt  consumer  debt  David  Blanchflower  Danny  Blanchflower  financial  repression  hunt  for  yield  asset  allocation  distortion  Super  Cycle  junk  bond  Gini  coefficient  deflationary  deflation  Taper  QT  monetary  policy  fiscal  policy  Pact  Schuldenbremse  BIS  ECB  Fed  BOJ  credit  bubble  PBOC  hot-money 
march 2016 by asterisk2a
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