asterisk2a + gap   479

Millions of families 'worse off' than 15 years ago - BBC News
[ decades of underinvestment across the plane of the economy, infrastructure education skills ] On the "why", research by the Foundation - which was set up to look at the problem of low incomes - reveals that the economy has struggled to create wealth for people in work.
JAM  working  poor  poverty  trap  productivity  output  gap  class  Brexit  skills  education  policy  social  income  mobility  Austerity  downward  UK  recovery  secular  stagnation  stagflation  economic  history  GFC  debt  household  disposable  globalisation  globalization  Competition  competitive  competitiveness  underinvestment  London  child  childhood  Council  public  health 
july 2018 by asterisk2a
Foreign-owned firms up to three times more productive than UK-backed rivals
The ONS said it cannot tell from this data whether the companies are more productive because they have foreign owners, or whether it is simply that foreign investors buy into businesses that are already highly productive.
The gap is smaller - but still substantial - in agricultural, construction, manufacturing and production businesses. Small firms with foreign owners are just over twice as productive as those with British shareholders, while mid-sized firms create 85.7pc more output per hour worked if they have foreign investors.
The study of 2016 data showed a strong link in most industries, although the correlation was less marked in construction.
Brexit  productivity  output  gap  management  UK  economics  ownership  globalisation  globalization  recovery  GFC  underinvestment  Competition  competitive  competitiveness  skills 
july 2018 by asterisk2a
(10204) Are We Destined for a Slow Growth Future? - YouTube
- shortage on the demand side. but demand can't be more leveraged and borrowed. ALL economic indicators point against a thriving of the UK bottom up (from household finances, are stretched thinly) //&! Gross wages lower than 10 years ago! Lost decade of earnings. In real terms people are NOT better off.
https://www.youtube.com/watch?v=0anqgXLvwko
secular  stagnation  Brexit  household  debt  consumer  UK  USA  loan  GFC  recovery  Productivity  output  gap  economic  history  leverage  underinvestment  banking  property  bubble  housing  demographic  immigration  working  poor  poverty  Austerity  Trickle-down  Gesellschaft  DonaldTrump  Donald  Trump  inequality  social  mobility  income  Society  inflation  deflation  deflationary  debtoverhang  debt-servicing  OECD  IMF  ZIRP  NIRP  QE  BOE  Fed  globalisation  globalization  trap  credit  card  creditcard  creditcrunch  student  auto 
july 2018 by asterisk2a
Student loans 'heading for trillion pounds' - BBC News
The conversion of means-tested grants into loans has meant that the poorest students end up graduating with the biggest debts, says Lord Forsyth.

And he warns that the current repayment system was more expensive for people in middle income jobs such as nursing, rather than high-paid lawyers or financiers, who would pay off their debts more quickly.

"The people who get screwed by this are those in the middling jobs," says Lord Forsyth.

"This was all done on the basis that it would create a market in higher education - and that has failed, there isn't a market."

Lord Forsyth says that there is no meaningful consumer choice or competition - and he dismissed the system for rating teaching quality in universities, the teaching excellence framework, as a "bit of a joke".

"Because no-one ever turns up to look at the teaching," says Lord Forsyth.
UK  education  policy  David  Cameron  Nick  Clegg  George  Osborne  Tories  University  College  poverty  trap  student  debt  loan  vocational  skills  Mittelstand  apprenticeship  accounting  Austerity  gap  productivity 
june 2018 by asterisk2a
(112) Renegade Inc. & What to expect in 2018 - YouTube
UK BOE QE trap - the road to normalisation - without counter engagement (productive investment), and further Austerity, tax evasion, inequality, income gap, secular stagnarion, less money to spend for the average joe === very bumpy uncertain ride. ... and add Brexit even more uncertainty. OUCH. real growth for real people not gonna happen. // see also RAWerden Richard Andreas Werner for bank reform (local non-profit et al) // also consumers will hold back. especially w trickle down of bad news. job losses here and there retail inflation wage growth etc. creating a impression of a malaise especially for the 50% who voted remain. and 30% who didnt go vote. // see also news 8or7 out of 10 workers broke/permanently skinned - and consumer debt at 2008 high //
BOE  QE  trap  Richard  Koo  UK  Austerity  productive  investment  underinvestment  productivity  Brexit  Steve  Keen  book  RAWerner  debt  bubble  asset  alternative  WallStreet  GDP  output  gap  uncertainty  2018  business  consumer  confidence  fiscal  policy  NHS  monetary  Carillion  PFI  disposable  income  discretionary  spending  credit  malaise  secular  stagnation  stagflation 
february 2018 by asterisk2a
Capitalism’s Crisis of Stagnation and Austerity
After the 2008-09 financial crisis, the hope was that a combination of economic recovery, inflation and austerity would shrink the debt mountain. This, though, was too optimistic. Growth has been below par, inflation subdued and austerity self-defeating. (“Global debt is the danger: beware the butterfly moment” Financial Times 6 January 2018)
Kapital  Capital  productivity  Austerity  economic  history  secular  stagnation  demand  output  gap  UK  USA  Germany  income  growth  debt  bubble  inflation  service  QE  monetary  fiscal  policy  underinvestment  Exploitation  atomised 
february 2018 by asterisk2a
Top women doctors lose out in NHS pay stakes - BBC News
Some doctors the BBC spoke to said some of the difference was probably down to the fact men were more likely to do overtime.

But they said it was clear some of the gap was unfair with the system of bonuses and awards weighted in favour of men.

Senior female doctors described the findings as "disappointing" and said it showed more needs to be done to tackle the gender pay gap in medicine.
NHS  gender-based  discrimination  pay  gap 
february 2018 by asterisk2a
(5780) Supermarkets face £billions in compensation for "pay discrimination" - YouTube
pay segregation gender bias // much ethics and moral values. Gesellschaft. nothing which capital knows about. // main question: equal pay for equal work - shopfloor vs warehouse - comparable? // gendered roles eg care health care nursing
gender  pay  gap  equality  gender-based  discrimination  value  Feminism  feminist  sexism  Sexismus  part-time  ethics  morality  Philosophy  Sociology  fairness  Capitalism  Kapital  profit  maximisation  HR  human  resources  policy  transparency  BBC  Gesellschaft  Zivilgesellschaft  UK  Economics  history 
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
Fear stalks the BBC, and women like me are being gaslighted and lied to | Anonymous | Opinion | The Guardian
The Humphrys-Sopel ‘banter’ over Carrie Gracie reflects a wider contempt for women who demand equal treatment with men
gender-based  discrimination  pay  gap  inequality  gender  equality  BBC  CEO 
january 2018 by asterisk2a
Pullman's plea to save school libraries - BBC News
Children's authors such as Philip Pullman and Malorie Blackman are calling for a halt to the "shocking decline" in England's school libraries.
They, along with 148 others, wrote to Education Secretary Justine Greening, asking her to signal her belief in the "value of literacy" for learning. [...] The letter highlights how England has lower rates of teenage literacy than other developed nations, according to international rankings.
UK  Austerity  libraries  library  education  policy  further  college  skills  gap  Gesellschaft  Society  Enlightenment  Precariat  class  numeracy  STEM  MINT  Maths  literacy  history 
november 2017 by asterisk2a
Budget 2017: Stagnant earnings forecast 'astonishing' - BBC News
real wages in aggregate to continue to stagnate fall eaten up by inflation. Does NOT help serving current debt levels. // The prediction that average UK earnings in 2022 could still be less than in 2008 is "astonishing", according to an independent economic think tank. // 'Adair Turner: neoliberalism not raising all boats'
secular  stagnation  productivity  inflation  Brexit  budget2017  paysqueeze  IFS  ONS  OBR  Philip  Hammond  skill  gap  output  wage  income  growth  disposable  discretionary  spending  debt  BOE  Mark  Carney  underinvestment  ZIRP  NIRP  QE  education  policy  college  GDP  Capitalism  GFC  recovery  neoliberal  neoliberalism  globalisation  globalization 
november 2017 by asterisk2a
(4387) How the opioid crisis decimated the American workforce - YouTube
direct link between out of work (injury) and opioid addiction and dropping out of workforce. // &! https://www.youtube.com/watch?v=iKXWelf-ZvA - Neuroscientist Dr. Carl Hart: People Are Dying in Opioid Crisis Because of Politicians’ Ignorance - needle exchange and free drug purity checks is a step to reducing overdose deaths and first foot in door for rehab (liberal) //&! https://www.youtube.com/watch?v=nNj89ohoYQ0 - American Epidemic: The Nation's Struggle With Opioid Addiction WSJ &! https://www.youtube.com/watch?v=jfe8pol6OG4 - The Opioid Effect: An Ohio Family Rebuilds After Addiction VICE //&! AMERICA ADDICTED - https://www.youtube.com/watch?v=w67IDMY2tn8 - A community overwhelmed by opioids &! https://www.youtube.com/watch?v=EGITecuBEHQ - Who Profits from the Opioid Crisis? Meet the Secretive Sackler Family Making Billions from OxyContin - watering down regulation and oversight. &! https://www.youtube.com/watch?v=KPk6VinYG-k - How Big Pharma & Cartels Got America Addicted to Heroin with Jason Smith &! https://www.youtube.com/watch?v=EnviuDOvhlg - US Addiction Epidemic Fuelled By Pharma Corporations (2015) "pill mill" &! https://www.youtube.com/watch?v=rmJEY1CTgKg - Why Portsmouth, Ohio Became The Epicentre of America's Opioid Crisis &! https://www.youtube.com/watch?v=Lof9_iPAWAY - Opioid Crisis in Maine &! https://www.youtube.com/watch?v=mQtCTxO2hTM - Narcan On The Rise &! https://www.youtube.com/watch?v=tNWU6XSjb-c - Heroin's Children: Inside the US opioid crisis - Fault Lines
addiction  coping  chronic  stress  abuse  opioid  dopamine  crisis  epidemic  narcotics  war  on  drugs  USA  painkillers  economic  damage  workforce  Precariat  working  poor  structural  unemployment  food  S.A.D.  western  diet  lifestyle  insecurity  trap  poverty  inequality  American  Dream  secular  stagnation  wage  income  growth  Productivity  output  gap  GFC  history  Super  Rich  1%  trickle-down  Sociology  socioeconomic  Society  Gesellschaft  Xanax  fentanyl  alcohol  heroin  overdose  Consumerism  mental  health  well-being  wellbeing  Capitalism  Consumer  Selbstdarstellung  consumption  Austerity  welfare  state  neoliberalism  OxyContin  lobby  pharma  pharmaceutical  BigPharma  revolving  door  vested  interest  Regulation  regulators  self-regulation  substance 
november 2017 by asterisk2a
I sold sex to fund my unpaid internships. Poor kids are still battling the class gap | Paris Lees | Opinion | The Guardian
Granularitaet von Lebenslaeufen. Ossi diskrimination (monitor) in den CEO etagen sind ossis und auch politik nicht angekommen auf bundesebene. privileg always having a leg-up from parents or grandparents. // I remember going on Radio 4 a few years ago, and thinking that all the people I met inside Broadcasting House sounded strange. I couldn’t put my finger on it at first. And then the penny dropped. They sounded like the people on television. The people on the radio. The people you see on the news. The way prime ministers sound. I remember sitting in the car on the way home and realising: “Oh, you’re the people who run everything.”
class  UK  Brexit  No  Representation  Klassenkampf  discrimination  Precariat  working  poor  poverty  trap  prejudice  bigotry  BAME  Society  Gesellschaft  Zusammenhalt  cohesion  privilege  Privileged  meritocracy  meritocratic  East  Germany  Ossi  Saxony  Reunification  social  income  mobility  inequality  career  ladder  equality  gender-based  pay  gap  Marx  Anarchism  Trump  democracy  tyranny  neoliberal  neoliberalism  Capitalism 
october 2017 by asterisk2a
(4081) Warum wir alle ärmer werden – Top-Ökonom erklärt die Gründe! // Mission Money - YouTube
houses are unproductive / schuldeninfusion erhaelt am leben, zombie u.a. / wer bezahlt fuer EU schuldenschnitt? / German econ illusion / banken in eu immernoch sanierungsbeduerftig /
Productivity  output  gap  secular  stagnation  economic  history  book  Robotics  AI  augmented  artificial  intelligence  GFC  recovery  debt  overhang  Austerity  household  wage  growth  inflation  deflationary  deflation  ZIRP  NIRP  QE  Japan  BOE  Fed  BOJ  ECB  income  zombie  Richard  Koo  disposable  discretionary  spending  bank  bailout  NPL 
october 2017 by asterisk2a
Sex in surgery by BMJ talk medicine | Free Listening on SoundCloud
11:50 - how busy a surgeon is is critial for post surgery outcome. mistakes. burnout. chronic staff // 4% lower worst outcome. - to have female surgeon had statistical significance. //
NHS  patient  safety  staff  locum  recruitment  healthcare  demand  sickcare  chronic  sick  population  hiring  burnout  complex  diseases  gender  gap  gender-based  discrimination  pay  Austerity  rationing  waiting  times  treatment  delay 
october 2017 by asterisk2a
UK's low pay culture traps people in poorly paid jobs, study finds | Society | The Guardian
http://www.bbc.co.uk/news/business-41669991 - high tech, low life. // in-work poverty, gini coefficient takes into account pensioners. // “Britain has one of the highest proportions of low-paid work in the developed world. And while three-quarters of low-paid workers did manage to move into higher-paying roles at some point over the past decade, the vast majority couldn’t sustain that progress. This lack of pay progress can have a huge scarring effect on people’s lifetime living standards. [...] “Britain’s flexible workforce gives us global economic advantage but a two-tier labour market is now exacting too high a social price.
OECD  poverty  trap  social  income  mobility  Precariat  class  UK  zero  hour  contracts  part-time  Exploitation  neoliberalism  workers  trade  union  rights  skills  skill  gap  Productivity  output  London  economic  history  recovery  GFC  underinvestment  stagflation  secular  stagnation  Austerity  education  inequality  tax  credit  taxcredit  gini  Coefficient  standard  of  living  Brexit  inflation  disposable  discretionary  spending  debt  household  child  profit  maximisation  competitiveness  IMF 
october 2017 by asterisk2a
Cam Newton's sexism controversy is the perfect parable for our time | Sport | The Guardian
How is this story – a workplace matter that really should’ve been resolved privately – even a thing, you ask? Because conflict, in black and white, still makes the most compelling spectacle. Sports have promoted them so well over the years that, well, it was just a matter of time before the less entertaining areas of life got in the game. And so people like CNBC’s Jim Cramer further divided stocks and bonds into winners and losers. Politics are less about issues than optics, as much for the newsmakers as the networks vying to see how many pundits they can cram onto their pre- and post-game show desks. Outrage culture is all the rage, and so the news never rests. No story, however false the premise or equivalency, is too small. This story, suddenly the week’s biggest NFL headline, is proof.
outrage  shitstorm  Post-racial  America  blacklivesmatter  Feminism  feminist  sexual  harassment  gender-based  discrimination  gender  paygap  pay  gap  sexism  Sexismus  bro  Donald  Trump  DonaldTrump  Liberal  NFL  24/7  LGBT  PC  political  correctness  culture  war  Brexit  AfD  Conservative 
october 2017 by asterisk2a
Millennials spend three times more of income on housing than grandparents | Society | The Guardian
Millennials are spending three times more of their income on housing than their grandparents yet are often living in worse accommodation, says a study launched by former Conservative minister David Willetts that warns of a “housing catastrophe”. [....] They are four times as likely to rent privately than two generations ago, a sector which has the worst record for housing quality, the report claims.
Millennials  UK  housing  crisis  affordable  social  Generation  Rent  Generationengerechtigkeit  babyboomers  baby  boomers  disposable  discretionary  income  Spending  Generationy  GenY  oligopol  oligopoly  Corruption  lobby  vested  interest  bubble  underinvestment  Austerity  debt  revolving  door  asset  distortion  London  Productivity  output  gap  skills  student  loan  GFC  mortgage  risk  recovery  secular  stagnation  lost  lostdecade  decade  history  Margaret  Thatcher 
september 2017 by asterisk2a
Falling unemployment is great for the economy? Try telling cleaners like Irene | Stefan Baskerville | Opinion | The Guardian
While UK unemployment fell by 75,000 in the three months to July, bringing the jobless rate down to 4.3%, these figures disguise a disturbing trend in the British labour market – one of falling wages, rising insecurity and false self-employment. At the New Economics Foundation, we carried out research that shows two in every five people employed in the UK are in “bad jobs” – work that doesn’t provide a secure, living wage.
UK  working  poor  Precariat  Austerity  Self-Employment  zero  hour  contract  part-time  child  credit  tax  insecurity  job  Productivity  underinvestment  skill  gap  disposable  income  discretionary  spending  consumer  debt  household  zero-hour  on-demand  profit  maximisation  living  standard  wage  growth  inflation  secular  stagnation  GFC  recovery  poverty  trap  Deprivation  mental  health  chronic  stress 
september 2017 by asterisk2a
UN report attacks austerity budgets for growing inequality | Business | The Guardian
Austerity budgets adopted by governments across the world since the 2008 financial crash are to blame for undermining the job security of millions of workers and threatening the progress made by women in the workplace, according to a UN report. [...] The report argued that giving women access to decent employment could only be achieved if governments maintained investment in affordable childcare facilities and care for the elderly. When they make steep cuts in early-years education and healthcare provision they are effectively asking women to pick up the slack, it said.
Austerity  gender-based  discrimination  child  care  education  policy  women  Gesellschaft  Society  gender  pay  gap  adult  elderly  social  bedblocking  bed  blocking  services  NHS  Feminism  Sexismus  sexism 
september 2017 by asterisk2a
Supersize us: upselling is fuelling the obesity epidemic, warns report | Society | The Guardian
Consumers persuaded to scale up a meal or drink take on an extra 55% more calories on average – and a big annual weight gain, experts reveal [...] Public health experts have called on the government to take action against buy-one-get-one-free promotions in supermarkets, but upselling has gone under the radar. [...] “Obesity is the public health challenge of our generation and if not addressed urgently could tip over the point of no return,” said Shirley Cramer, chief executive of the RSPH. &! http://www.bbc.co.uk/news/health-41129960
UK  obesity  overweight  diabetes  CVD  Cancer  chronic  sick  population  NHS  health  care  demand  GP  upselling  up-selling  profit  maximisation  economic  damage  Productivity  day  mental  diet  lifestyle  sedentary  western  S.A.D.  output  gap  public  crisis 
september 2017 by asterisk2a
Workplace sexism survey shows 'disturbing' gap in male and female perception | World news | The Guardian
Young Women’s Trust survey finds almost half of female HR directors think their workplaces are sexist compared with a quarter of men
sexism  Sexismus  gender  gap  gender-based  discrimination  gender-bias 
september 2017 by asterisk2a
Google staffer's hostility to affirmative action sparks furious backlash | World news | The Guardian
The manifesto argues that the lack of women in tech and leadership is the result, at least in part, of innate differences between in men and women. “I’m simply stating that the distribution of preferences and abilities of men and women differ in part due to biological causes and that these differences may explain why we don’t see equal representation of women in tech and leadership,” the author writes.

After a number of female staff described their disgust at the document on social media, Google sent out a company-wide memo saying it did not represent the company’s views.
gender-based  gender-biased  Google  discrimination  gender  brogrammer  Silicon  Valley  Diversity  No  Representation  sexism  Sexismus  prejudice  bias  pay  gap  paygap 
august 2017 by asterisk2a
How the humble potato fuelled the rise of liberal capitalism
Enlightened eating

Today’s somewhat uneasy marriage of public health and individual choice is the result of new ideas that emerged during the Enlightenment. During the 18th century, states across Europe began to rethink the bases of national wealth and strength. At the heart of these new ideas was a new appreciation of what we would now call public health. Whereas in earlier centuries rulers wished to prevent famines that might cause public unrest, in the 18th century, politicians became increasingly convinced that national strength and economic prowess required more than an obedient population disinclined to riot.
public  health  national  security  chronic  sick  population  premature  ageing  Military–industrial  complex  food  profit  maximisation  lobby  NHS  budget  big  pharma  prevention  Adam  Smith  addiction  CVD  Cancer  diabetes  Disabled  Productivity  output  gap  care  demand  obesity  overweight  hypertension  Stroke  heart  attack 
august 2017 by asterisk2a
More than 600,000 pupils in England taught by unqualified teachers, says Labour | Education | The Guardian
[ Testfabrik school a building to learn for multiple choice tests and taking mock multiple choice tests and then taking multiple choice test - which the rest of your life will be judged on at during a very vulnerable developing time ] Michael Gove, the former education secretary, introduced the right for free schools and academies to use unqualified teachers in 2012, a move which has been expanded under the current education secretary, Justine Greening. Labour claims the use of teachers who are not qualified leads to children in state schools being taught by people who have had no guaranteed training in safeguarding children, controlling a class or adapting teaching to respond to the strengths and needs of all pupils.
Austerity  education  policy  skills  gap  Enlightenment  UK 
july 2017 by asterisk2a
Why you're wrong if you think clamping down on immigration from Europe will help low-paid British workers | The Independent
but the conclusion is clear: our analysis suggest that the negative overall economic impact of reduced migration will far outweigh any modest wage gains for low-paid workers.

If low wages are the problem, ending free movement is not the solution.
Brexit  immigration  productivity  living  standard  output  gap  Austerity  underinvestment 
july 2017 by asterisk2a
Driving students away from nursing is a spectacular act of political self-harm | Polly Toynbee | Opinion | The Guardian
With 40,000 nursing vacancies unfilled, the news that training applications are down by 23% is disastrous for the NHS [...] It reckons that in all over the past 10 years, 400,000 people who would have studied part-time in higher education have been deterred from doing so. [... can really re-pay the fees working for nurse salary + the jobs commitment ... + working 50% of their time training! ] [...] Janet Davies, head of the Royal College of Nursing, warns that nurses’ attitudes will alter once they are paying heftily for their training: “They will demand better clinical placements and their relationship with the NHS will change: carrying a heavy debt to get qualified, they will feel less obligation to work in the NHS.” The government promised that imposing fees on trainee nurses would see an increase of 10,000 new training places; none have been provided.
NHS  bursaries  Austerity  education  policy  debt  student  loan  tuition  fee  maintenance  grant  poverty  staff  shortage  locum  agency  skills  gap  Tories  George  Osborne  Jeremy  Hunt  Simon  Stevens  David  Cameron  Privatisation  PFI  trap  productivity  output  neoliberalism  neoliberal 
july 2017 by asterisk2a
Where have all the movers gone? - Council of Mortgage Lenders
It should be known by now that the policy of a home owning democracy supported by London and exploited by London was and is and will be a catastrophe to the productivity and skills of this economy. Because of the misdirected money flows into unproductive houses (capital, asset for retirement, welfare, social mobility of kids). To the contrary of Germany. When policy of capital investment is geared towards poductive investments, assets, capital, skills, expansion, R&D. And where renters have rights! //&! https://twitter.com/resi_analyst/status/880801297208889344 - The housing ladder only worked because of the unique economic conditions of the late 20th century. It's now broken and unlikely to recover. & https://twitter.com/tomhousing/status/881775765033025536 - and houses don't pay taxes (NI, pension pot).
Housing  Crisis  Generationengerechtigkeit  Generation  Rent  mortgage  ZIRP  QE  NIRP  UK  Lobby  Lobbying  Policy  speculation  ROI  underinvestment  malinvestment  productivity  output  gap  skills  economic  history  Brexit  London  shareholder  profit  maximisation 
july 2017 by asterisk2a
North missing out on learning languages - BBC News
The council has warned of the economic damage from poor language skills - and that young people without access to languages are missing out on skills that would improve their employability.
Research for the government's trade and investment agency, carried out by Prof James Foreman-Peck, found that a lack of language skills lost the UK economy an estimated £48bn every year.
The report says that UK businesses could improve trade opportunities with better language skills.
UK  education  policy  austerity  deprivation  poverty  trap  social  mobility  skills  gap  productivity  output  Brexit  Global  Britain  GCSE 
june 2017 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
Positive Psychologie - Warum Wohlbefinden wichtig für Leistung ist
Für die Definition von Leistung spielt Wohlbefinden bisher kaum eine Rolle. Die Psychologin Michaela Brohm-Badry plädiert für ein Umdenken: Nur wenn das Wohlbefinden des Menschen berücksichtigt würde, könnten Menschen ihr volles Potenzial entfalten. // wer depressed muede erschoepft und ohne alternative ist - gezwungen zu horchen - weil er am ende kein 100£ aufm konto hat - kann keine revolution anfangen oder an der revolution mitmachen. Byung-Chul Han - In Fatigue Society (original German title: Die Müdigkeitsgesellschaft)
Happiness  index  Gini  Coefficient  social  income  mobility  poverty  trap  working  poor  productivity  output  gap  sick  days  mental  health  well  being  UBI  Universal  Basic  Existenzangst  Hartz-IV  JSA  sanctions  Sanktionen  DWP  underemployed  zero  hour  contract  Leiharbeit  Zeitarbeit  leisure  time  Skidelsky  enlightenment  post-enlightenment  Facebook  Instagram  Media  burnout  FOMO  YOLO  YouTube  Selbstdarstellung  Selbstfürsorge  deprivation  attainment  education  policy  Selbstentfaltung  Food  Bank  FoodBank  living  standard  Consumerism  Consumer  Materialism  Materialismus  Kapitalismus  capitalism  neoliberal  neoliberalism  Philosophy  Sociology  Alain  de  Botton  exploitation  Precariat  democracy  no  Representation  book  Müdigkeitsgesellschaft  GE2017  Jeremy  Corbyn  Bernie  Sanders  Revolution 
june 2017 by asterisk2a
(1487) LSE III | Professor Joan C. Williams | Why Did Trump Win? Overcoming Class Cluelessness in America - YouTube
admire the rich, resent the professionals ie politiciansm doctors and academics. ... sold over and over the american dream/self-employment self-made and become rich yourself (but like to stay in their class and neighbourhood - see Shaytards back in Idaho). not becoming academic, politician, writer, traveller. ... becoming order makers, from order takers. // white feel condescended every day, ordered around, not listened to, not considered, not represented, // no connection to Rich! But everyday professionals! //
DonaldTrump  Donald  Trump  post-racial  LGBT  political  correctness  PC  Super  Rich  1%  Plutocracy  inequality  Oligarchy  Sociology  race  gini  Coefficient  white  middle  class  Precariat  working  poor  No  Representation  Elite  Psychology  Brexit  American  Dream  Trickle-down  professionals  academic  social  income  mobility  underemployed  unemployment  Structural  skills  skill  vocational  education  policy  college  Productivity  output  gap 
june 2017 by asterisk2a
UK schools taking desperate measures as funding crisis hits | Education | The Guardian
Parents at St Nicolas’ Church of England school in Taplow, part of Theresa May’s constituency, receiving letters asking for contributions of up to £30 a month to plug a projected £40,000 shortfall next year, or face staff redundancies. [...] Teaching unions say the crisis is the result of years of frozen budgets, further eroded by higher pension, wages and tax costs as well as inflation, with little hope of relief if the Conservatives are re-elected. [...] The cuts come as the National Audit Office has calculated there will be a £3bn real-terms reduction across all schools by 2019.
UK  education  policy  PISA  Ofsted  League  Table  Sats  Austerity  schools  deprivation  attainment  gap  social  income  mobility  poverty  trap  Brexit  Theresa  May  GE2017  skills  productivity  output  gini  Coefficient 
june 2017 by asterisk2a
Britain’s economy is broken. We desperately need new ideas | Tom Kibasi | Opinion | The Guardian
If the country was economically bankrupt in 2010, it is intellectually bankrupt in 2017. On the eve of the general election, politicians of all parties have rarely been so devoid of progressive ideas [...] Yet in substance, May’s approach remains mere tinkering at the edges of economic policy. The Conservatives remain stubbornly allergic to – or ignorant of – Keynesian macroeconomics. [...] [and housing and real estate lending distorting the lending picture. houses are not productive! R&D, and firms are. and creating long-term jobs w real incomes to spend (not remortgaging your home bc of housing bubble]
Brexit  GE2017  London  Housing  Bubble  piggybank  Forex  British  Pound  recovery  GFC  Manufacturing  Services  Consumerism  Zombie  Austerity  underinvestment  confidence  fairy  Productivity  output  gap  QE  ZIRP  NIRP  banking  investment  distortion  lending  property  UK  Living  Standard  wage  income  growth  inflation  £ 
june 2017 by asterisk2a
Schools face years of funding cuts if Tories win election, say thinktanks | Education | The Guardian
IFS says funding will fall by nearly 3% by 2021, with the Education Policy Institute thinktank drawing similar conclusions
education  policy  austerity  Brexit  Tories  nasty  party  Conservative  competitive  competitiveness  skills  gap  productivity  output  recovery  GFC  bank  bailout  Privatisation  PFI  Theresa  May  GE2017 
may 2017 by asterisk2a
Conservatives admit they don't know how much school breakfasts pledge will cost | The Independent
another u-turn - 60m would be 8p for each pupil! - from 600+m for lunches that was cut // Party admits it does not know how much it will cost to provide breakfasts for all 4.62 million primary school children in England
GE2017  Theresa  May  austerity  Manifesto  nasty  party  Conservative  Tories  education  policy  poverty  attainment  gap  social  income  mobility  trap  chronic  sick  population  public  health  economics 
may 2017 by asterisk2a
UK firms struggle to find employees – even before Brexit bites | Money | The Guardian
The signs of rising demand for temporary staff will fan fears about economic insecurity for UK workers as many find themselves struggling to make ends meet because they are on zero-hours contracts or taking work on a self-employed basis with no access to holiday or sick pay. In response to such worries, Theresa May last year commissioned a review of modern employment from Matthew Taylor, the head of the Royal Society of Arts (RSA).

Taylor, the former head of Tony Blair’s policy unit, is due to publish his report in the summer but will provide a flavour of his findings in a speech on Tuesday. At his annual RSA lecture, he will call on policymakers and employers to make all work “good work” – which he defines as “fair and decent, with scope for development and fulfilment”.
working  poor  Precariat  skills  gap  UK  Brexit  poverty  trap  underinvestment  Austerity  apprenticeship  education  policy  Conservative  Party  nasty  Tories  Theresa  May  trickle-down  zero  hour  contract  minimum  wage  contractor  self-employment  platform  capitalism  tax  evasion  avoidance  social  income  mobility 
may 2017 by asterisk2a
School budget squeeze 'is reducing pupils' subject choice' - BBC News
The English Baccalaureate or EBacc was brought in by the coalition government in 2010 for pupils achieving at least a GCSE C grade in English, maths, the sciences, a language and geography or history.
The percentages of pupils entering and achieving this standard are among measures used by government to determine a school's performance.
The poll suggests pupils' options are being narrowed throughout the secondary curriculum.
education  policy  Austerity  JAM  Theresa  May  nasty  party  Conservative  skills  gap  foreign  language  culture  Brexit  Global  Britain  Philip  Hammond  Privatisation  Academy  Free  Schools  PFI  Council  gini  coefficient  poverty  trap  social  income  mobility 
april 2017 by asterisk2a
Where did all the GCSE pupils go – and why has no one noticed? | Education | The Guardian
[ underachieving taking pupils off roll to boost class/school rating! League Table. unintended consequences! macro over micro + staff shortage, pressure, not money, less money! making the short cut to let underachievers and trouble makers go. classic american school dropout. in childhood already left behind! ] Earlier this month, Sean Harford, Ofsted’s national director, said that from now on inspectors should question headteachers during inspections when large numbers of students have left. And Amanda Spielman, the chief inspector, described “off-rolling”, alongside other results-boosting methods, as a scandal.

Our investigation shows that even though the inspectorate recognised this as a national problem going back to 2010, it has not done anything about it.

The research organisation Education Datalab recently published reports on pupils leaving their secondary schools, following an investigation by Education Guardian in 2014. It raised concerns that 20,000 pupils were being lost to state education altogether, with no one knowing where they had gone. The reports do not show whether pupils were encouraged to move or left of their own volition. Those who had disappeared were mostly lower achievers.
UK  education  policy  Austerity  Ofsted  GCSE  PISA  attainment  gap  NEET  Tories  Conservative  Party  nasty  skills  Brexit  welfare  state  College  JSA  dropout  University  structural  unemployment  social  mobility  poverty  trap  child  Precariat  drugs  radicalisation  Islam  accounting  statistics  petty  crime  Secondary  league  table  staff  shortage  burnout  overworked  JAM  Theresa  May  David  Cameron  George  Osborne 
march 2017 by asterisk2a
Tory education cuts: Conservative MPs demand funding policy reverse - YouTube
budget cuts in real terms // Global Britain schools cutting education, culture, arts, foreign modern languages, // add NHS // Prison // Police // adult social care/elderly care //
UK  education  policy  Austerity  social  mobility  teaching  assistant  staff  shortage  Tories  nasty  party  Conservative  JAM  Theresa  May  Philip  Hammond  poverty  trap  income  skills  gap  Brexit  deprivation  attainment  Council  diversity  inflation  squeezed  gini  Coefficient  BAME  working  poor  Precariat  NHS  care  elderly  adult  Crisis 
march 2017 by asterisk2a
Here's Why A Slowdown In Earnings For The Top 1% Is A Problem For The UK - BuzzFeed News
“Fifteen years without a pay rise,” IFS director Paul Johnson said. “I’m rather lost for superlatives. This is completely unprecedented.” [...] If the top earners make less, the government brings in less tax revenue; it’s as simple as that. And with Brexit looming, the exchequer needs to raise all the funds it can.
UK  Budget  wage  growth  Austerity  living  standard  income  social  mobility  productivity  output  gap  Philip  Hammond  Theresa  May  George  Osborne  secular  stagnation  inflation  discretionary  disposable  credit  card  creditcard  household  debt  Consumer  Consumerism  consumerist  materialism  Brexit  London  1%  10%  NIC  welfare  state  underinvestment  gini  Coefficient  Tories  nasty  party  Conservative 
march 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
'Parents have been asked to help clean': how budget cuts are affecting schools | Education | The Guardian
Schools in England face a squeeze in funding. We asked how it was impacting on your school – here are the responses we got [...] We can no longer afford books, pencils or computers. [...] The cuts are stopping me doing my job. They are stopping the students from learning. In a time when we should be looking to develop engaging lessons which teach students valuable life skills, I am using 20-year-old textbooks and the kids are copying information from it. It is depressing. I know what a modern curriculum should look like, I know the lessons I would like to teach. I do not have the resources to do it. Eventually this will encourage me to leave. &! https://www.theguardian.com/education/2017/mar/07/headteachers-write-to-parents-over-school-funding-and-job-cuts
UK  Brexit  Austerity  education  policy  IMF  Tories  Conservative  Party  nasty  underinvestment  NHS  grammar  schools  free  Philip  Hammond  JAM  social  mobility  inequality  poverty  trap  Theresa  May  income  attainment  gap  child  childhood  children  taxation  Generationengerechtigkeit  Triple  Lock  Pension  Privatisation  Academy  PISA  tax  evasion  avoidance  welfare  state  downward 
march 2017 by asterisk2a
Head teachers take school funding anxieties to Twitter - BBC News
Head teachers and their staff have taken to Twitter to highlight what may have to be axed in schools in England because of budget cuts.
There have been more than 27,000 tweets using the hashtag #whatwouldyoucut since the campaign against the cuts started on Sunday.
The government insists school investment is at a record £40bn.
But the Association of School and College Leaders said this was only because pupil numbers are rising.
It argued that head teachers are having to make tough decisions about which services to cut.
The tweets included photographs of science experiments, school trips, sporting activities and performing arts events.
UK  Austerity  IMF  skills  gap  productivity  output  education  policy  Tories  nasty  party  Conservative  PISA  technological  unemployment  underemployed  underinvestment  underemployment  social  mobility  income  gini  Coefficient  poverty  trap  working  poor  child  taxcredit  tax  credit  neoliberalism  crony  capitalism  bank  bailout  taxation  Theresa  May  JAM  inequality  BAME  discrimination  competitiveness  competitive  Philip  Hammond 
march 2017 by asterisk2a
Budget 2017: Hammond to tell us the Brexit vote could have been worse | Business | The Guardian
consumers carried on spending and businesses continued to expand.

The picture for the public finances is also looking rosier compared with Hammond’s maiden autumn statement in November. [...] But here’s what the chancellor will not tell you: living costs have gone up and will continue to do so. The poorest will be hit hardest as the cost of essentials such as food and heating take a growing chunk out of already tight family budgets. Wages will struggle to match rises in inflation and the government’s benefit cuts mean that incomes will fall for the poorest people in Britain. In short, unless the government does something significant to improve living standards this week, inequality will start rising again.
UK  JAM  working  poor  squeezed  middle  class  Precariat  Theresa  May  Philip  Hammond  Austerity  DWP  HMRC  inflation  wage  growth  social  mobility  inequality  income  Tories  Productivity  child  poverty  trap  output  gap  recovery  GFC  bank  bailout  nasty  party  Conservative  Generationengerechtigkeit  babyboomers  Millennials  generation  rent  living  standard  discretionary  spending  disposable  credit  taxation  household  debt  mortgage  housing  crisis  Consumer  Consumerism  economic  history  neoliberalism  interventionism  crony  capitalism  tax  evasion  avoidance  corporatism  Exploitation  zero  hour  contract  part-time  minimum  generational  divide  Triple  Lock  Pension 
march 2017 by asterisk2a
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
Mario Draghi in der Kritik: "Die Geldpolitik macht den Kapitalismus kaputt" - SPIEGEL ONLINE
Danach kamen die Übertreibungen am US-Immobilienmarkt, im Süden der Eurozone und auf den Rohstoffmärkten. Wir haben es mit einer Kette wandernder Blasen zu tun, die von der Geldpolitik getrieben werden. Die neue Blase bildet sich nie dort, wo zuvor die alte geplatzt ist. Die Regierungen reagieren auf einen Crash mit schärferen Regeln, aber die Spekulation ist ihnen immer einen Schritt voraus.
GFC  recovery  economic  history  ZIRP  NIRP  QE  ECB  BOE  Fed  USA  UK  Europe  European  Union  PIGS  secular  stagnation  household  debt  consumer  car  loan  student  credit  card  private  Austerity  IMF  OECD  Dodd-Frank  self-regulation  Regulation  regulators  FSA  BaFin  speculation  speculative  ROI  productivity  output  gap  inflation  targeting  monetary  policy  fiscal  Schuldenbremse  Pact  inequality  capital  assets  gini  Coefficient  Super  Rich  1%  10%  Plutocracy  Oligarchy  bank  bailout  zombie  NPL 
february 2017 by asterisk2a
Brexit fallout: Jonathan Portes & Ivan Rogers give evidence to parliament - YouTube
[min 15] 15-20 years. "what has happened to training to workers" radical fall-off. Certain industries in UK had free lunch provided by EU. Employer investment and training. currently much more reliant on public edu (higher education & college). Private is saving money, aka profit maximisation.
Brexit  Apprenticeship  UK  training  skills  gap  Productivity  EEA  EU  profit  maximisation  capitalism  Austerity  Education  Policy  Germany  Dualausbildung  University  College  Industrial  underinvestment  underemployed  output  Manufacturing  Innovation  R&D 
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
Skills and infrastructure top priority in industrial strategy, say UK firms | Business | The Guardian
The government’s new industrial strategy must focus on improving skills and infrastructure in Britain rather than bailing out struggling large companies, according to a survey of business leaders.

The findings suggest businesses are not in favour of rescue deals such as the government’s proposed support for the steel industry. Theresa May, the prime minister, and Greg Clark, the business, energy and industrial strategy secretary, are expected to unveil an industrial strategy for the UK next week. They will set out the government’s approach to key industries and issues such as infrastructure, skills, regulation and research and development.
Brexit  trade  deal  tariff  corporate  welfare  skills  infrastructure  underinvestment  UK  SmartGrid  Manufacturing  output  gap  Productivity  Theresa  May  Austerity  George  Osborne  Northern  Powerhouse  business  rate  taxation  Apprenticeship 
january 2017 by asterisk2a
UK income inequality: is it any wonder workers are so angry? - YouTube
minute 1:41. Small Business owner claims all woes caused by Austerity, on Europe. Tories (spin doctors) have won. // Edu, transport, health, housing, .
Brexit  Austerity  Protest  Vote  DonaldTrump  Donald  Trump  EEA  immigration  Freedom  of  Movement  inequality  social  mobility  working  poor  poverty  trap  gini  Coefficient  underinvestment  skills  gap 
january 2017 by asterisk2a
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