asterisk2a + manufacturing   103

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
(1487) Blaming Russia Goes Deeper Than Hillary Clinton & the Democrats - YouTube
keeping in a permanent state of alarmingness/ "permanent war footing" / readiness preparedness: China South Sea (China) w Japan as Allie. // vs Russia. // Middle East. // Kovalik's new book is "The Plot to Scapegoat Russia: How the CIA and the Deep State Have Conspired to Vilify Russia." --- MANUFACTURING CONSENT - PERCEPTION MANAGEMENT HYPERNORMALISATION
USA  War  Military–industrial  complex  Russia  China  Japan  Middle  East  ISIS  Saudi  Arabia  Yemen  Iraq  Afghanistan  Putin  Syria  Ukraine  Libya  DonaldTrump  Donald  Trump  BarackObama  book  conflict  humanity  Chomsky  Manufacturing  Consent  Hypernormalisation  NATO  Crimea  Perception  Management  foreignaffairs  foreign  affairs  North  Korea  policy  cyberwar  Cold  2.0  ColdWar  history  west  UN  cyberattack  Nuclear  Arms 
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
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
1,160 Bridgend Ford job cuts projected in leaked report - BBC News
Overtime
The American car giant currently manufactures 655,000 engines in Bridgend but the contracts for these are coming to an end and there is only guaranteed work for 125,000 in future.
The leaked document said the plant is underperforming in comparison to similar sites, including at Dagenham in Essex.
Overtime levels at Bridgend are more than double Dagenham's rates, which adds 6% to the cost of the engines produced.
It attributes this to absence, non-performance and work practices including paying staff allowances they are not entitled to and regular job rotation.
The document adds that finding future work for Bridgend will be subject to improvements in performance.
Brexit  Productivity  Culture  UK  globalisation  globalization  profit  maximisation  shareholder  value  Ford  automotive  industry  Manufacturing  Competition  competitiveness  competitive 
march 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
May to discuss how to boost US-UK migration with Trump, say sources | Politics | The Guardian
wie verarscht muss man sich als europaer fuehlen, wenn UK trade deals macht mit relaxter migration/visa rules? than before were in place via EU trade deal with those countries? it just reveals the prejudice to east-Europeans the xenophobia of a monolingual no-culture country gripped by austerity and fear of its poor that they will take their soup bowl away. // >> "However, the danger is that immigration policy for businesspeople and the most highly skilled becomes based on the old “kith and kin” white Commonwealth of Australia, Canada and New Zealand by default, if not by design." [...] In the case of the US, British government sources told the Telegraph May wants to explore ways to make it easier for US citizens to work in the UK and for Britons to work in the US." // but their visa immigration policy before was that for American was harder to get visa for job than any other one w same skills but additional language skills! and vice versa. now that is removed because of xenophobia In the case of the US, British government sources told the Telegraph May wants to explore ways to make it easier for US citizens to work in the UK and for Britons to work in the US. fremdenfeindlichkeit monolingual insular non-culture. better to share culture that the perceived nothing with poles slavs bulgarians.
Brexit  Australia  India  USA  trade  deal  immigration  migration  Manufacturing  Theresa  May  UK  Commonwealth  Empire  English  language  Culture  Fremdenfeindlichkeit  Xenophobia  Ausländerfeindlichkeit  EU  FoM  Freedom  of  Movement 
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
BREAKING First Interview: Bernie Sanders On Donald Trump Winning the Election - Nov 10th 2016 - YouTube
minimum wage, gender wage gap, infrastructure, trade deals, ... tax evasion & avoidance! - will he tackle it? // don't take anger out on minorities and poor (help by language of government, ie deserving poor and undeserving poor) - what the tories did successfully.
DonaldTrump  Donald  Trump  presidency  Super  Rich  1%  10%  20%  Plutocracy  tax  evasion  avoidance  minimum  wage  working  poor  productivity  output  gap  value  creation  added  job  education  policy  squeezed  middle  class  GFC  bank  bailout  poverty  Demagogue  Populism  Racism  Bernie  Sanders  UK  underinvestment  underemployed  underemployment  Manufacturing  technological  unemployment  inequality  income  growth  gini  Coefficient 
november 2016 by asterisk2a
BBCSML: Are there too many foreign workers in UK? (09Oct16) - YouTube
pandering to the sentiment of Brexit (England) w foreign workers list seen only by Gov. // talking about problems only through the prism of immigration bc it is the easiest. them. bc i've voted 2 times tories and it can't be me votin tories and tories policy ...
Theresa  May  UK  immigration  EEA  Amber  Rudd  Brexit  NHS  Austerity  structural  unemployment  technical  long-term  staff  shortage  morale  education  policy  Manufacturing  Apprenticeship  wage  growth  income  underinvestment  Workers  Trade  Union 
october 2016 by asterisk2a
A hard truth for Leave voters: Brexit means big government
Britain has seen a renaissance in jobs since 2013, of that there is no doubt. But most of those extra jobs were among the self-employed or fell into categories that can only be described as insecure and low-paid. When companies finally took the plunge and advertised full-time jobs from 2014 onwards, around a third went to migrants. [...] It is this mostly older group of workers across the developed world, worried about their pay, pensions and conditions of employment, that want to slam the brakes on globalisation and reject the remedy proposed by big business: greater labour-market flexibility and only limited job protections. [ Globalisation as a great rebalancing of the world economy between the west and the rest (BRIC and co) ] [...] Only government can provide the cure, with a commitment to invest where the private sector cannot or will not go.
globalisation  globalization  squeezed  middle  class  Precariat  working  poor  job  security  job  insecurity  self-employment  neoliberal  neoliberalism  liberal  economic  reform  Agenda  2010  Zero  Hour  Contract  OECD  BRIC  USA  UK  Germany  France  economic  history  capitalism  capitalism  in  crisis  protectionism  Brexit  exploitation  crony  capitalism  tax  evasion  tax  avoidance  immigration  migration  Philip  Hammond  austerity  Workers  Union  Workers  Rights  Trade  Union  Theresa  May  Conservative  Party  nasty  Tories  budget  deficit  neoclassical  economics  Chicago  School  deflation  deflationary  aggregate  demand  aggregate  demand  short-fall  Richard  Koo  free  free  agreement  underinvestment  business  confidence  productivity  productivity  gap  productive  investment  output  output  gap  technological  unemployment  skills  economy  skills  gap  skill  gap  industrial  policy  Manufacturing 
july 2016 by asterisk2a
Theresa May's cabinet: Who's in and who's out?
http://bit.ly/29FttLT //&! Putting the industry back into departmental business. The British trade ministry’s latest incarnation seems like a message to the manufacturing base that this government might give it a thought - bit.ly/29yzdIU //&! Theresa May has executed a brutal clear-out of the Cameron-Osborne era. But it’s brave to make so many backbench enemies with a parliamentary majority of 12 - bit.ly/29RL3gx //&! Theresa May has promoted women. But she’s a Tory first and a feminist second - bit.ly/29HP0nd - No one should doubt that she wants to improve the lives of women from less fortunate backgrounds. But make no mistake: our new prime minister is a Conservative first, and a feminist second.
Theresa  May  industrial  policy  Manufacturing  energy  policy  energy  price  energy  security  Hinkley  Point  C  renewable  energy  Smart  Grid 
july 2016 by asterisk2a
Does The Myth of Meritocracy show us how to alleviate inequality?
No debate about social mobility is complete without reference to the supposedly halcyon days of the 1950s and 1960s. The class fluidity of those decades, however, was not the result of professions becoming more meritocratic. It was caused by an unprecedented rise in the number of middle-class jobs: there was more room at the top. [...] Bloodworth writes that 21st-century society is characterised by a dwindling of professional jobs and more people slipping downwards: there is “more room at the bottom”. [...] Globalisation has created what the economist Robert H Frank calls “winner-takes-all” markets
downward  mobility  social  mobility  income  mobility  inequality  Paul  Mason  book  post-capitalism  James  Bloodworth  Gini  coefficient  income  distribution  structural  unemployment  long-term  unemployment  skill  gap  skills  gap  skill  mismatch  skill-biased  technological  change  AI  artificial  intelligence  globalisation  globalization  rising  middleclass  squeezed  middle  class  BRIC  Manufacturing  economic  history  sociology  Brexit  Identitypolitics  Identitätspolitik  career  ladder  education  bubble  education  cost  autonomous  car  autonomous  cars  self-driving  cars  augmented  intelligence  Robotics  Robots  automation  neoclassical  economics  Chicago  School  trickle-down  economics  trickle-down  effect  1%  10%  20%  working  poor  Precariat  credit  card  credit  card  debt  consumerism  consumerist  austerity  bank  bailout  capitalism  in  crisis  neoliberal  neoliberalism  crony  capitalism  tax  evasion  tax  avoidance  Baby  Boomers  babyboomers  Elizabeth  Warren  Joseph  Stiglitz  poverty  trap  poverty  child  poverty  rentier  rent-seeking  winner  take  all  monopoly  monopsony  conglomerate  multinational  Toff  Privileged  Establishment  No  Representation  Politicians  career  politician  Centrist  meritocracy  meritocratic  plutocracy  oligarchy  capitalism 
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
CURRENT ACCOUNT DEFICIT ON THE BALANCE OF PAYMENTS: THE MOST DAMNING STATISTIC!
If you want to understand how an economy is performing and how sustainable its economic growth then look at the current account balance. Officially it is often ignored and there are attempts to play down its significance. After all it is always only just a few years away from an election so the very short term is considered much more important than the long term strength and economic health of the economy. Dire straits is not an underestimate of the current damaged state of the UK economy and indeed many other western economies. [ affordable only bc of City of London (Banking and Co.)! - bit.ly/297c6D3 - Novara Media - The City: In Conversation with Tony Norfield ]
UK  current  account  deficit  trade  deficit  fiscal  deficit  Brexit  western  world  secular  stagnation  inflation  targeting  nominal  GDP  targeting  austerity  aggregate  demand  USA  Manufacturing  industrial  policy  energy  policy  GBP  City  of  London  book  British  Empire  unitedkingdom  standard  of  living  living  standard  economic  history 
june 2016 by asterisk2a
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
Pascal Lamy: Gove is 'pie in the sky' on Brexit - BBC Newsnight
Trade w europe may be currently shrinking (eu 'crisis'), but how much negotiation lever do you have as UK vs Europe (one single market/consumer!?) That is what Daniel Hannan does not highlight, the leverage of size to access, in negotiations with other countries. [...] 'trade negotiations are so long because they are so tough' [...] what will the UK have to give up, to gain access to foreign markets for their measly 20% of the whole economy (production, ie also house building, not just export/manufacturing)!? (2015, 80% of UK GDP growth consisted of consumption). Competing with much more competitive industry now! ( ie Cars. Ford's new plant in Mexico/Latin America ...) [...] "You can not exit and keep the benefits while you were in!" //&! >> What kind of trade deal could we get if we left the EU? - youtu.be/Pj9nPncM61M &! youtu.be/r8MiUI2eN6c
Brexit  free  trade  trade  agreement  TTIP  TTP  CETA  NAFTA  FDI  foreign  direct  investment  trade  deficit  current  account  deficit  Manufacturing  industrial  policy  policy  folly  policy  error  energy  policy  Steel  Industry  Steel  Crisis  competition  competitive  competitiveness  competitive  advantage  comparative  advantage  macroeconomic  policy  microeconomic  policy 
april 2016 by asterisk2a
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
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
Jobs threat at medical equipment plants in Ayrshire
A medical equipment firm is consulting its employees on plans to close one of its two Ayrshire factories and move more production work to China.
Guardian, formerly BDF Healthcare, makes products for surgical theatres and employs about 120 people at sites in Girvan and Patna.
Parent group, Berendsen PLC, said a consultation had begun on Tuesday and would run for 30 days.
The firm said redundancies were a possible outcome but not definite.
cost  center  operating  margin  Manufacturing  UK  offshoring  outsourcing  China  competitive  competition  competitiveness  underinvestment  R&D 
march 2016 by asterisk2a
Hinkley: Why do we need the new nuclear power station? - BBC News
[ strike price ] Why is a new nuclear power station at Hinkley Point running years behind schedule and the cause of seemingly endless debate? Here are some answers to the questions surrounding the world's most expensive power project. [ prob w renewables is energy storage systems and capacity! ] [...] However, the UK needs to build more power stations if it is to meet growing demand for electricity and the government wants to ensure consumers foot the bill no matter where the electricity comes from.
Hinkley  Point  C  white  elephant  nuclear  power  nuclear  waste  carbon  tax  renewable  energy  energy  policy  energy  price  competitiveness  industrial  policy  Manufacturing  foreign  direct  investment  energy  storage  energy  security  Tories  Amber  Rudd  David  Cameron  George  Osborne  underinvestment  Smart  Grid  UK  Politics  dogma  ideology  trickle-down  economics  free  market  neoliberalism  neoliberal  subsidies  subsidizing  solar  energy  wind  energy  gas  energy 
march 2016 by asterisk2a
George Osborne warns of further spending cuts in Budget - BBC News
[ LOL! ] But recent figures showing the UK economy was smaller than expected meant savings must be found in his Budget statement on 17 March, he said. [...] Mr Osborne said he would rather look for extra cuts now than risk breaking his own manifesto commitment to achieve a surplus in the budget by the end of this Parliament. The chancellor did not completely rule out raising taxes in the event of a further slowdown in growth, but said that now was not the time for "significant" tax hikes. [...] I'm absolutely clear we've got to root our country in the principle that we live within our means and that we have economic security." [...] "whole purpose of our economic plan was to have a budget surplus. [...] we got big challenges at home to make the economy more productive even as more people get work. [ because having part of your budget in the property bubble is so productive ] [...] I will do what is required to keep our country safe and secure." [ NOT CHANGING PLANS ie U-TURN ]
UK  secular  stagnation  austerity  Richard  Koo  Japan  economic  history  dogma  ideology  IMF  OECD  ChristineLagarde  economists  Paul  Krugman  Joseph  Stiglitz  Robert  Reich  David  Cameron  Tories  nasty  party  recovery  aggregate  demand  Conservative  macroeconomic  policy  microeconomic  policy  fiscal  policy  monetary  policy  Mark  Carney  BOE  City  of  London  HMRC  tax  evasion  tax  avoidance  self-employment  corporate  tax  rate  Service  Sector  Jobs  working  poor  multiplier  precarious  work  Precariat  low  pay  low  income  tax  credit  housing  benefit  income-based  JSA  Zero  Hour  Contract  Contractor  wage  stagnation  stagnation  DWP  Iain  Duncan  Smith  skills  gap  STEM  productivity  output  gap  Manufacturing  industrial  policy  neoliberalism  neoliberal  trickle-down  economics  Chicago  School  JohnMaynardKeynes  keynes  Keynesianism  Pact  Schuldenbremse  Wolfgang  Schäuble  Angela  Merkel  European  Union  property  bubble  apprenticeships  value  creation  added  value  underinvestment  productive  investment  infrastructure  investment  competitiveness  marginal  cost  energy  price  energy  policy  Hinkley  Point  C  nuclear  power  nuclear  waste  subsidies  subsidizing  corporate  welfare  lobbyist  lobby  Lobbyin 
february 2016 by asterisk2a
Dispatches - Low Pay Britain - All 4
living wage starts from 21? 25? // retail big! high street big! - service sector. no manufacturing ... // IT IS CORPORATE SUBSIDY - PROGRAM FOR LOW PAY! // very far from Germay model! // tax payer pays for people in high street! // Ofsted found inadequate conditions! AND SMALL MINORITY GET ACTUALLY A FULL-TIME JOB! LOL LOL LOL! // Social Market Foundation (research) found lvl2 apprenticeship adds nothing to purse over a lifetime. // its DWP policy to get young people off the paper onto other paper largely, still funded, by the gov - still adding to budget deficit. // Ofsted concerned over apprenticeships "wasting public funds" // WHAT A TORY SPIN! // retail places have shot up, and construction plummeted! the latter is harder or put through training providers ( private companies, PRIVATISATION! ). employers are not in charge. to quote one employee of a training provider "meet targets, get money in" its about the # of apprenticeships, not the quality or economic need/industry. //
apprenticeships  exploitation  Workers  Union  Trade  Union  working  poor  Generationengerechtigkeit  fairness  precarious  work  Precariat  self-regulation  minimum  wage  living  wage  low  pay  low  income  welfare  state  social  safety  net  working  tax  credit  tax  credit  housing  benefit  Iain  Duncan  Smith  DWP  spin  doctor  Positioning  Career  Politicians  No  Representation  Service  Sector  Jobs  job  creation  youth  unemployment  policy  folly  policy  error  education  policy  PR  David  Cameron  George  Osborne  industrial  policy  STEM  Manufacturing  microeconomic  policy  macroeconomic  policy  recovery  GFC  disposable  income  discretionary  spending  corporate  scandal  corporate  welfare  subsidies  subsidizing  budget  deficit  Fachkräftemangel  trickle-down  economics  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  Ofsted  skills  gap  budget2015  free  market  Privatisation  dogma  ideology 
february 2016 by asterisk2a
Pando: Sources: Vegas-based Work In Progress co-work space is shutting its doors
Organic is better is more sustainable // Vegas Downtown Project // have a framework (macroprudential policy), but don't pick winners, cities, regions, ... roundabouts. // semiconductor boom bust in scotland, outside glasgow, area - via tax breaks (ie IBM spango vallye)
free  market  Venture  Capital  subsidies  subsidizing  corporate  welfare  Silicon  Valley  Vegas  Downtown  Project  Berlin  Start-Up  Scene  Los  Angeles  Start-Up  Scene  New  York  Start-Up  Scene  Silicon  Alley  economic  history  fossil  fuel  renewable  energy  carbon  tax  carbon  trading  scheme  carbonfootprint  carbonemission  tax  code  fiscal  policy  industrial  policy  job  creation  STEM  Manufacturing  dogma  trickle-down  economics  neoliberalism  neoliberal  Career  Politicians  No  Representation  short-termism  Opportunism  opportunist  microeconomic  policy  macroprudential  policy  macroeconomic  policy  intellectual  property  IP  progressive  tax  code  tax  evasion  tax  avoidance  democracy  social  democracy  fairness 
february 2016 by asterisk2a
BBC News on the North South Divide with Tom Hunt - YouTube
multiplier effect of service sector job = 1 or lower. meaning need to access tax credits. //&! Northern Powerhouse dept to close Sheffield office and move 247 jobs to London. - Government business department shuts largest non-London office George Osborne’s ‘northern powerhouse’ policy questioned as branch closure in Sheffield casts doubt on chancellor’s pledge to revitalise English cities - bit.ly/1PDlgSA // also northern councils have to cut deeper than souther because of lower tax base!
Northern  Powerhouse  UK  Scotland  Westminster  London  George  Osborne  Devolution  job  creation  Service  Sector  Jobs  microeconomic  policy  macroeconomic  policy  knowledge  economy  knowledge  worker  transferring-wealth  transfer  payments  income  distribution  income  redistribution  low  income  low  pay  precarious  work  Precariat  part-time  recovery  GFC  Manufacturing  STEM  productivity  output  gap  macroeconomics  microeconomics  nasty  party  Conservative  David  Cameron  Toff  Establishment  post  code  lottery  health  inequality  inequality  Gini  coefficient  social  mobility  income  mobility  wealth  distribution  Privileged  education  policy  apprenticeships  vocational  education  austerity  Council  Public  Services  Services  SNP  Scotland  Bill  Fiscal  Framework  fairness  Generationengerechtigkeit  structural  unemployment  PR  spin  doctor  Positioning 
january 2016 by asterisk2a
Aberdeen and Edinburgh highlighted in city economies report - BBC News
No Scottish cities were in the top 10 for "low-wage, high-welfare" economies. The 2016 report - described as a "health check" for the 63 largest UK cities - focused on Chancellor George Osborne's vow to build a "higher wage, lower welfare" economy, as set out in the Summer Budget 2015. >> It argued that nearly a million new jobs had been created in cities since 2010 - but that the average salary had also dropped by £1,300 per resident. 'High-wage, low-welfare' << [...] The think tank said the two areas' ability to attract high-skilled jobs - in the oil and professional services industries for example - was the key to their success. It argued that cities with high wages had seen faster jobs growth, with employment rising by 10% since 2010, compared with 3% in low-wage cities. [...] [ Housing Crisis across the country thus ] increased housing benefit payments.
job  creation  recovery  Service  Sector  Jobs  UK  austerity  minimum  wage  living  wage  George  Osborne  neoliberalism  neoliberal  Manufacturing  macroeconomic  policy  microeconomic  policy  low  pay  low  income  tax  credit  child  tax  credit  working  tax  credit  tax  free  income  progressive  tax  code  income  distribution  disposable  income  discretionary  spending  income  inequality  income  growth  wage  growth  secular  stagnation  globalization  globalisation  borderless  flat  world  economic  history  nasty  party  Tories  Conservative  trickle-down  economics  squeezed  middle  class  precarious  work  Precariat  wage  stagnation  income  redistribution  welfare  state  social  safety  net  David  Cameron  budget2015  budget2010  Public  Services  Services  added  value  value  creation  Housing  Crisis  affordable  social 
january 2016 by asterisk2a
"Markets Crash When They're Oversold" | Zero Hedge
Technology Destroying Jobs + While the big driver of the decline in economic growth since the 1980’s has been a structural change from a manufacturing based economy (high multiplier effect) to a service based one (low multiplier effect), it has been exacerbated by the increase in household debt to offset the reduction in wage growth to maintain the standard of living. This is shown clearly in the chart below. [...] In fact, each job created in energy-related areas has had a “ripple effect” of creating 2.8 jobs elsewhere in the economy from piping to coatings, trucking and transportation, restaurants and retail. Simply put, lower oil and gasoline prices may have a bigger detraction on the economy than the “savings” provided to consumers.
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january 2016 by asterisk2a
The roof is being fixed but beware the house crashing beneath it | Business | The Guardian
Consumer spending is driving economic growth but household debt and the house price-income ratio is at a record high. Be afraid [...] It is worth recalling that when Osborne became chancellor five and a half years ago that he had two big objectives. The first was to repair the hole in the public finances, which is still very much a work in progress. The other was to shift the centre of gravity of the economy back towards making things for export. This remains a pipedream. [...] Despite the welcome pickup in business investment, the main driver of growth has been consumer spending, which has been boosted by low interest rates, the fall in inflation caused by lower oil prices, and a modest acceleration in earnings. [...] “not the ideal shape for the recovery” and it can say that again. The current recovery looks like all the previous recoveries. [...] “Fast-rising household debt is needed to maintain a reasonable rate of growth in consumers’ spending and GDP in a world of austerity ...
household  debt  consumer  debt  zombie  consumer  recovery  credit  card  debt  credit  card  materialism  status  anxiety  USA  UK  Super  Cycle  debtoverhang  mortgage  market  Housing  Crisis  debt  servitude  NPL  property  bubble  speculative  bubbles  ZIRP  NIRP  QE  BOE  Buy-to-Let  Help  to  Buy  Scheme  Right  to  Buy  student  loan  debt  debt  bubble  student  debt  private  debt  economic  growth  GFC  fiscal  policy  austerity  industrial  policy  underinvestment  productive  investment  competitive  competitiveness  George  Osborne  dogma  ideology  neoliberalism  neoliberal  David  Cameron  Tories  nasty  party  Conservative  economic  history  energy  policy  energy  price  STEM  Manufacturing  diversity  microeconomic  policy  macroeconomic  policy  Amber  Rudd  debt  monetisation  debt  monetization  secular  stagnation  disposable  income  discretionary  spending  squeezed  middle  class  working  poor  consumerist  consumerism  trickle-down  economics  status  symbol  market  affordable  social  budget2015  marginal  propensity  to  consume  Precariat  tax  credit 
december 2015 by asterisk2a
Doctors, teachers, the police – public servants are demoralised | Will Hutton | Comment is free | The Guardian
To toil in the present-day NHS is thankless. [...] Whatever its merits, a workforce whose morale is already low sees it as yet more evidence that professionals’ views don’t count. Morale takes a further downward lurch. [...] Thus by 2020, the government will have imposed an unprecedented 10-year freeze in real pay across the public sector, shrunk its numbers by more than 1.5 million and offered as little upward career progression to public employees as it possibly can. A new industry of private contractors feeding off contracted-out public work will have been invented, offering even worse pay and conditions than the public sector itself. To raise taxes that might alleviate the crisis is ideologically prohibited. [...] Employees are voting with their feet. Between November 2013 and November 2014, 49,120 teachers quit – the highest rate on record. Nearly four in 10 newly qualified teachers leave after their first year. [...] [ Met warned less police officers on street ]
austerity  NHS  Public  Services  Social  Services  elderly  care  education  policy  post  code  lottery  neoliberalism  neoliberal  Privatisation  safety  net  welfare  state  Wertegesellschaft  society  Tories  nasty  party  Conservative  Toff  Privileged  Establishment  Entitlement  dogma  ideology  inequality  Gini  coefficient  mobility  income  mobility  poverty  child  poverty  poverty  trap  working  poor  Precariat  Police  fairness  Generationengerechtigkeit  tax  evasion  tax  avoidance  corporate  scandal  deprivation  Perspektivlosigkeit  corporate  welfare  Wall  Street  shareholder  value  profit  maximisation  budget  deficit  Rechtsruck  No  Representation  Career  Politicians  democracy  bank  bailout  recovery  GFC  trickle-down  economics  corporate  tax  rate  trust  community  contract  political  theory  babyboomers  Millennials  generationy  generation  rent  Polarisation  corporate  state  corporate  media  Manufacturing  service  sector  Bernie  Sanders  lobbyist  lobby  Lobbying  vested  interest  interest  groups  Jeremy  Corbyn  Labour  general  election  2020  George  Osborne 
october 2015 by asterisk2a
The government seems intent on ending the solar power industry. It’s madness | Howard Johns | Comment is free | The Guardian
saving on the wrong end of the stick. // &! One solar executive says the 87% cut in state subsidy is ‘obscene’, and will lead to thousands of job losses - bit.ly/1Xdgl0V - “We are all paying £100 for nuclear decommissioning costs in our bills. Solar: five quid? It is nothing to do with the energy bills of hardworking families it is entirely ideologically driven by George Osborne. It is nothing to do with the cost to the energy consumer.”
UK  energy  policy  energy  price  renewable  energy  Hinkley  Point  C  green  energy  wind  energy  energy  security  solar  energy  power  grid  Smart  austerity  dogma  ideology  Tories  corporate  welfare  subsidies  subsidizing  emissions  carbonemission  carbon  tax  carbonfootprint  fossil  fuel  short-term  view  short-term  thinking  Opportunism  opportunist  competitiveness  globalization  globalisation  borderless  industrial  policy  Manufacturing  flat  world  policy  error  policy  folly  Toff  Privileged  Establishment  constituency  Generationengerechtigkeit  underinvestment  productive  investment  climate  change  global  warming  climate  crisis  babyboomers  Millennials  economic  damage  productivity  output  gap  recovery  generationy  Entitlement  election  campaign  promises  Career  Politicians  No  Representation  fairness  EEG  Umlage  lobbyist  lobby  Lobbying  European  Union  Germany  fiscal  stimulus  fiscal  policy  trickle-down  economics  nasty  party 
october 2015 by asterisk2a
What is the outlook for Britain's steel industry? - BBC News
UK steelmakers want lower business rates, a relaxation of emissions targets for heavy manufacturers, more compensation for high energy prices and a commitment that British steel is used in major construction projects. "We've set out some of the things government can press ahead with now to send out a clear signal of support in the very short term," said Gareth Stace, director of UK Steel. [...] How does the government act without going against its free market principles and breaking EU rules? It has already provided steel makers with millions of pounds in compensation for carbon permit costs. Beyond that it says its hands are tied by strict European Union state-aid rules. [ << targeted welfare vs lower energy prices and a smart grid for all ] //&! bbc.in/1GhJaoH - Unions want the government to take "urgent short-term action" to support the industry. [...] the steel industry globally was facing one of the most difficult times in its history. [...] we can't change the price of steel.
Manufacturing  energy  price  energy  policy  industrial  policy  Smart  Grid  subsidies  subsidizing  corporate  welfare  EEG  Umlage  renewable  energy  green  energy  wind  energy  energy  security  solar  energy  solar  power  Revolution  2.0  Software  Is  Eating  The  World  underinvestment  productive  investment  Makers  Career  Politicians  lobbyist  lobby  Lobbying  constituency  competitive  competitiveness  competitive  advantage  fiscal  policy  public  investment  infrastructure  investment  Generationengerechtigkeit  fairness  Millennials  generationy  protectionism  austerity  George  Osborne  David  Cameron  babyboomers  Tories  Conservative  Party  western  secular  stagnation  Niall  Ferguson  tax  evasion  tax  avoidance  inequality  Gini  coefficient  No  Representation  democracy  Super  Rich  1%  Commanding  Heights  commodity  prices  2015  European  Union  China  India  carbonfootprint  carbonemission  carbon  tax  carbon  trading  scheme  emissions 
october 2015 by asterisk2a
The Billionaire Hypocrisy of Helping the Poor - YouTube
We're reminded every day of the kindness of the billionaire class - and the millions they spend on charity in American and around the world. But the fact is - Americans wouldn't need the charity - if they just had good-paying jobs.
trickle-down  economics  neoliberalism  neoliberal  job  creation  labour  market  USA  Gini  coefficient  tax  code  corporate  tax  rate  tax  evasion  tax  avoidance  Wall  Street  globalization  globalisation  free  trade  Service  Sector  Jobs  conglomerate  competitiveness  competition  competitive  wage  stagnation  income  growth  Middle  Class  squeezed  Sozialer  Abstieg  income  distribution  disposable  income  discretionary  spending  inequality  American  Dream  NAFTA  TTIP  TPP  philanthropy  TISA  Super  Rich  1%  Niedriglohnsektor  job  security  social  mobility  income  mobility  economic  history  Union  Workers  Union  self-regulation  regulation  deregulation  regulators  lobbyist  profit  maximisation  shareholder  value  lobby  Lobbying  income  inequality  welfare  state  social  safety  net  precarious  work  Precariat  working  poor  outsourcing  Manufacturing  China  Gesellschaft  society  Policy  Makers  Zero  Hour  Contract  part-time  underemployed  unemployment  long-term  unemployment  youth  unemployment  structural  unemployment  secular  stagnation  Niall  Ferguson 
october 2015 by asterisk2a
American Apparel: a trip from the height of cool to lows of bankruptcy | Business | The Guardian
[ your edgy and PR storm/press differentiation can become a liability to future growth especially if you use that kind of marketing to grow, clickbait is not sustainable. stupid. should have stayed private and nimble! wall street and the numbers call it a bluff of the founder, cant be bigger & more than it was pre-ipo. no growing endlessly as edgy brand ] American Apparel has faced growing competition in the US from cut-price overseas competitors such as H&M, who have effectively replicated the brand’s fashion for a lower price. [...] recorded a loss for ten consecutive quarters, which was unsustainable given its debts. [...] American Apparel is the country’s biggest manufacturer of clothing and it is based in downtown Los Angeles. The company claims to pay experienced factory works more than $30,000 a year, compared with $600 a year for workers in Bangladesh factories. [...] we are taking this step to keep jobs in the US, and preserve the ideals for which the company stands.”
American  Apparel  Fashion  Industry  Manufacturing  Branding  brand  awareness  differentiate  differentiation  USA  Fast  Fashion  commodity  business  commoditization  Retail  pure  play  e-commerce  Wall  Street  IPO  shareholder  value  profit  maximisation  mainstreet.org  fiduciary  responsibility  Venture  Capital  entrepreneur  entrepreneurship  Start-Up  lesson  Start-Up  advice  marketing  PR  advertising  advertisement 
october 2015 by asterisk2a
Britain's fading greenery - BBC News
[ after the collaps of energy prices, commoditiy prices and freed up labour from oil and gas industry ... instead of tripling investment in renewable energy, they cut it. increasing long-term competitiveness with domestic cheaper energy prices. stupid. instead they cut corporate tax rate, as if tax evasion and avoidance wasn't helping them already ... no further development of 6 killer apps. policy for vested interest. subsidies for oil. tax breaks. etc etc. ] The energy team at business consultancy EY can't expect to get many contracts out of Whitehall - not after a thorough trashing of UK policy. //&! Al Gore chimes in - bit.ly/1V88zmb //&! bbc.in/1NIzAMl //&! bv.ms/1Vgb4Iy - Stop Propping Up Fossil Fuels. Subsidies, as a rule, distort financial incentives and leave the economy less efficient. Subsidies on fossil fuels are doubly foolish: They also divert investment and consumption away from cleaner energy, and cost taxpayers a bundle.
UK  industrial  policy  renewable  energy  Principle  George  Osborne  David  Cameron  budget2015  austerity  underinvestment  business  confidence  corporate  tax  rate  Makers  constituency  commodity  prices  Oil  price  2015  general  election  2015  election  campaign  promises  policy  error  Generationengerechtigkeit  fairness  globalisation  globalization  Niall  Ferguson  climate  change  global  warming  energy  price  energy  security  energy  policy  Smart  Grid  babyboomers  Millennials  secular  stagnation  western  world  competitive  competitiveness  differentiate  differentiation  subsidies  subsidizing  long-term  view  long-term  thinking  short-term  thinking  short-term  view  OECD  IMF  STEM  Manufacturing  R&D  Research  education  policy  vocational  education  professional  education 
september 2015 by asterisk2a
Group of 20 Financial Leaders Agree to Act to Bolster Growth - The New York Times
Ms. Lagarde was even more explicit, making it clear that governments had for too long relied on the supply of cheap cash from central banks that have been running ultra-loose monetary policy. “Monetary policy alone will not cut it,” she said. “It is necessary, it is recommended from our perspective, particularly in Europe and in Japan still, but it will not cut it on its own. “Clearly in the fiscal sphere as well as in the structural reforms sphere, more needs to be done, and it needs to accompany and eventually take the baton from the central bank governors.”
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september 2015 by asterisk2a
Labour leadership races can change fast; interest rates, not so much | Business | The Guardian
The fact of the matter is that, while George Osborne is obsessed with shrinking the size of the public sector and causing hardship and misery, the real crisis in this country concerns not the size of the budget deficit, but the record peacetime balance-of-payments deficit of a whopping 6% of GDP. With this in mind, John Llewellyn and Russell Jones of Llewellyn Consulting have been urging the Bank to encourage the overvalued pound to fall towards more realistic levels, to avoid an almighty sterling crisis when the markets finally wake up to the real crisis in the British economy.
balance  of  payments  2015  budget2015  austerity  output  gap  productivity  household  debt  public  debt  private  debt  consumer  debt  UK  George  Osborne  short-term  Mark  Carney  BOE  ZIRP  QE  NIRP  bond  bubble  current  account  deficit  trade  deficit  structural  deficit  industrial  policy  STEM  Research  Manufacturing  energy  policy  energy  price  renewable  energy  Career  Politicians  No  Representation  fairness  Generationengerechtigkeit  Tories  Conservative  Party  Toff  Establishment  Privileged  asset  bubble  equity  bubble  property  bubble  reflate  reflation  fiscal  stimulus  fiscal  policy  Richard  Koo  debtoverhang  balance  sheet  recession  Software  Is  Eating  The  World  underinvestment  productive  investment  public  investment  business  investment  business  confidence  wage  stagnation  wage  growth  secular  stagnation  deflationary  deflation  competitive  competition  competitiveness  globalization  globalisation  global  trade  added  value  value  creation  corporate  tax  rate  capital  gains  tax  inequality  Gini  coefficient  poverty  trap  child  poverty  social  mobility  income  mobility  disposable  income  discretionary  spending  economic  history  trickle-down  economics  neoliberalism  neoliberal  Privatisation  pound 
september 2015 by asterisk2a
Richard Duncan: The Real Risk Of A Coming Multi-Decade Global Depression - YouTube
50 year long debt super cycle & credit bubble up-held. Put. // hasnt created inflation because of Globalisation = deflationary! [3bn ppl living on $2/day] Collapse of marginal cost of labour, offsetting inflation pressure of QE/NIRP/credit creation last decades. // Will eventually haunt people back once globalisation has run its way in ~100-75 years & the world is actually flat. energy cost 0, marginal cost 0, economics of abundance. // // min 23 AND because of this deflationary pressure of globalisation, excess capacity, etc lead to wage stagnation & or pressure to work 4 less (Contractor, Werkvertrag, Zeitarbeit, self-employment, Zero Hour Contract, outsourcing) and longer, in western world. Leads inevitably 2 being pushed into recession & avoiding that authorities always pushed button 4 more credit. Credit growth prevented western world not 2 be pushed into recession in last decades. 2010 Private Sector cant drive recovery! Massive Gov stimulus needed +10 years, not austerity!
debt  bubble  Super  Cycle  Greenspan-Put  Ben  Bernanke  fiat  currency  debt  monetisation  debt  monetization  deflationary  deflation  secular  stagnation  Abenomics  globalization  globalisation  Fed  centralbanks  BIS  economic  history  QE  ZIRP  NIRP  GFC  recovery  western  world  technological  progress  commodity  business  commoditization  economics  of  abundance  marginal  cost  Janet  Yellen  benbernanke  ECB  BOE  BOJ  monetary  policy  Zero  Hour  Contract  neoliberalism  neoliberal  Contractor  Zeitarbeit  Werkvertrag  self-employment  freelancing  freelance  wage  stagnation  wage  growth  disposable  income  discretionary  spending  dot.com  outsourcing  flat  world  credit  bubble  debt  servitude  consumer  debt  student  loan  debt  debtoverhang  sovereign  debt  crisis  student  debt  household  debt  private  debt  fiscal  policy  austerity  Richard  Koo  Mark  Blyth  Joseph  Stiglitz  Robert  Reich  productive  investment  underinvestment  infrastructure  investment  Paul  Krugman  shared  economic  interest  Industrial  Revolution  2.0  Smart  Grid  STEM  education  policy  value  creation  added  value  Manufacturing  3D  printing  energy  price  energy  policy  competitive  competition  competitiveness  competitive  advantage  R&D  Research  Public  Partnership  world  fiscal  d 
september 2015 by asterisk2a
Steen Jakobsen: Get Ready For The Biggest Margin Call In History - YouTube
ideology/Career Politicians/Complacency/Cushy/non-ambitious/AIIB/comfortable //&! bit.ly/1cU2RVS March 2015, SELL & come back in 6 months - bloom.bg/1NTykGB //&! bit.ly/1NJvXai &! bit.ly/1VsYTEJ Outrageous predictions for 2015 were: China devalues yuan 20% [joining others in global struggle to import inflation] &! Corporate high yield market spreads double (higher refinancing cost, which zombie corporations do actually have no pants on as tide goes out) "High yield is a derivative of equity markets. If you believe equities are overvalued, so too is high yield," &! UK house prices crash (foreign hot money, speculative + shortage + Summer 2015 Crash + BOE Taper in 2015/16 = back to reality!) &! Russia defaults again // &! Fed Taper is a "margin call," [need 2 normalize despite its mandate/fundamentals not warranting a hike!] [...] a seven-year bull run 4 equities might be coming to an end [...] the rise (not value) of RMB/Yuan as it becomes free floating out of need] - cnb.cx/1MMyLSC
Abenomics  Yen  Yuan  RMB  devaluation  currency-war  fiat  currency  currency  debasement  currency  war  deflationary  deflation  credit  bubble  PBOC  China  credit  cycle  business  cycle  financial  cycle  financial  crisis  leverage  margin  trading  underinvestment  productive  investment  business  investment  public  investment  personal  investment  infrastructure  investment  rebalancing  structural  imbalance  Impediments  infrastructure  Career  Politicians  short-term  Fortune  500  shareholder  value  profit  maximisation  Wall  Street  ROI  STEM  Research  R&D  business  confidence  consumer  confidence  New  Normal  hunt  for  yield  output  gap  productivity  Software  Is  Eating  The  World  Robotics  3D  printing  Steen  Jakobsen  financial  incentive  secular  stagnation  Manufacturing  Industrial  Revolution  2.0  policy  AIIB  Asia  European  Union  share  buyback  2015  equity  bubble  speculative  bubbles  bond  bubble  property  bubble  asset  bubble  asset  allocation  distortion  demographic  bubble  ageing  population  western  developed  liquidity  trap  UK  USA  Europe  BOE  Fed  BOJ  ECB  bank  bailout  toobigtofail  too  big  to  jail  too  big  to  bail  banking  crisis  sovereign  debt  crisis  austerity  ideology  dogma  economic  history  trickle-down  economics  neoliberalism  neoliberal 
august 2015 by asterisk2a
Jeremy Rifkin on the Fall of Capitalism and the Internet of Things - YouTube
// good and services - commoditisation - near priceless. // mass market becomes zero marginal cost business - commodity! thus have to differentiate ie through freemium/premium/subscription model! two tier. // attention span - news is free, ppl are satiated quiet often with free news, that they don't pay for premium products (except niche) like analysis&perspective & brand pull. have to add more value to core value prop and intangible value - like community & leadership // every consumer can become a prosumer //
post-capitalism  Collaborative  collaboration  Universal  Basic  Income  book  Paul  Mason  Share  Economy  Open  Source  Open  Data  marginal  cost  economics  of  abundance  economic  history  crony  capitalism  capitalism  Wall  Street  Jeremy  Rifkin  21stcentury  Marketplace  transparency  democracy  productivity  identity  Future  of  Work  Mobile  Creatives  3D  printing  Manufacturing  Industrial  Revolution  2.0  policy  energy  price  renewable  energy  energy  policy  commodity  business  commoditization  Robotics  automation  Software  Is  Eating  The  World  Prosumer  ProAm  publishing  2.0  self-publishing  user  generated  content  Net  Neutrality  Blogging  The  Wars  education  policy  vocational  education  professional  education  MOOC  knowledge  knowledge  worker  freemium  subscription  model  business  model  mass  market  paywalls  paywall  user  behaviour  homescreen  snacking  Entertainment  Escapeism  IoT  added  value  value  creation  Core  Product  Proposition  intangible  value  Proposition  social  change  Open  Platform  Platform  EULA  TOS  proprietary  News  24-hour  cycle  automotive  autonomous  car  self-driving  cars  public  transportation  transportation  communication  output  gap 
august 2015 by asterisk2a
#TOA15 Interview with Amit Karp, Ciaran O’Leary, Felix Petersen and Robin Wauters - YouTube
Very connected, fluid, enabled by infrastructure & networking. &! youtu.be/JvQaHXGgeYQ // &! youtu.be/7s6C4OJ04Rc - #TOA15 Interview with Christoph Keese (Axel Springer) - Germany good at incrementalism. A to B. Industry not willing to disrupt itself, give away existing shrinking pie - for bigger pie. unwilling to break up and upwards (value add) existing products/processes/value chain (legacy) for better. << Axel Springer digital ventures (VC arm). &! #TOA15: ¨Are the Germans Unable to Disrupt?¨ with Christoph Keese (Axel Springer SE) - youtu.be/YyuJmAtZQis --- its about value creation, value add, redesigning of value, chains, product, data, ... big corps can't disrupt itself. especially not by committee. Legacy companies unlikely to survive because of pattern to stick to the conventional and fail, than fail with unconventional and look like a fool. (risk aversion, Failure in the public eye) -- book -- "Silicon Valley: Was aus dem mächtigsten Tal der Welt auf uns zukommt"
Berlin  Start-Up  Scene  ecosystem  Venture  Capital  Europe  Start-Up  Scene  London  Scene  Germany  Mittelstand  SME  SMB  incrementalism  incremental  disruption  creative  destruction  Blue  Ocean  innovator  innovation  competitive  competition  competitiveness  competitive  advantage  BMW  FinTech  autonomous  car  self-driving  cars  Exportweltmeister  Audi  Manufacturing  Industrial  Revolution  2.0  policy  STEM  Software  Is  Eating  The  World  Robotics  automation  Platform  Marketplace  Big  Data  book  added  value  value  creation  banking  Core  Product  Proposition  Proposition  intangible  value  cost  of  ownership  Industry  Tesla  Motors  Apple  Google  Inc.  Alphabet  Inc.  Silicon  Valley  Start-Up  advice  Start-Up  lesson  outsider  economic  history  Wall  Street  short-term  view  short-term  thinking  shareholder  value  profit  maximisation  commodity  business  commoditization  Failure  culture  stigma  3D  printing  Siemens  SAP  automotive 
august 2015 by asterisk2a
Is austerity working in Britain and Europe? - YouTube
youtu.be/YIg3Ls8UjMs - youtu.be/EpSmOBIZKus - (2014) The UK is having a moral disaster: Peter Hitchens on Britain's bleak future (talks about Conservative Party, Cameron is a PR man - exemplary Career Politician just wanting to be in office. out brake of riots in Summer 2011 similar to Brixton Riot "not being part of society", "multiculturalism is no culture" (shared identity and interest as nation) // --- // Chancellor defends austerity from Davos (2013) - youtu.be/nQZDDIVjbcM // (2015) Protesters gather after Queen's speech to 'fight austerity' - youtu.be/ERL0tEzVVqE // &! End Austerity March: thousands protest across the UK - youtu.be/-Yg8QaeBdNs
austerity  UK  economic  history  IMF  Greece  Tories  dogma  ideology  trickle-down  economics  neoliberalism  neoliberal  Privatisation  Conservative  Party  Toff  Privileged  Establishment  Paul  Krugman  2015  Europe  Troika  Eurogroup  ECB  fiscal  policy  fiscal  stimulus  Pact  Schuldenbremse  GroKo  Angela  Merkel  Wolfgang  Schäuble  BOE  NIRP  ZIRP  QE  budget  deficit  underinvestment  productive  investment  productivity  output  gap  infrastructure  investment  STEM  deflationary  deflation  inflation  expectation  secular  stagnation  recovery  GFC  industrial  policy  Manufacturing  tax  evasion  tax  avoidance  corporate  tax  rate  fairness  Generationengerechtigkeit  bank  bailout  No  Representation  Career  Politicians  technocrat  Public  Services  Social  Services  deprivation  poverty  trap  child  poverty  poverty  food  poverty  income  mobility  mobility  downward  mobility  budget2015  multiculturalism  identity  Gesellschaft  Zivilgesellschaft  civic  society  civic  life  civil  courage  society 
august 2015 by asterisk2a
Paul Mason: what they aren't telling you about work - YouTube
hollowing out // automation - vs - skill & problem solving (figuring out how to automate/put something together/create new) - vs - end of the chain work (low end, manual, repetitive, service...) // within the next 20 years, 47% of jobs in developed world could be replaced by robots/automation/machines // Future of Work is about problem solving, not putting (end of the chain) things together. figuring out the new, making the new, making something better, more efficient, faster, better quality, ... // and as it stands now, those who reap the rewards will be few. and gov policy, ie tax evasion, tax avoidance, tax code, fairness, --- gains have to be shared.
squeezed  middle  class  White-collar  Worker  Blue-collar  Worker  manual  labour  labour  market  job  creation  skill-biased  technological  change  practical  skill  set  practical  skills  skill  gap  capital  skills  skills  gap  automation  Robotics  working  poor  Software  Is  Eating  The  World  3D  printing  Manufacturing  industrial  policy  UK  USA  Europe  developed  western  Future  of  Work  knowledge  economy  Problem  Solving  Mobile  Creatives  Mobile  Creative  domain  knowledge  knowledge  algorithm  precarious  Zero  Hour  Contract  Contractor  self-employment  insecurity  job  security  technological  progress  STEM  Makers  protectionism  Research  Revolution  2.0  Revolution  Universal  Basic  Income  tax  credit  tax  free  economics  of  abundance  marginal  cost  renewable  energy  Marketplace  destruction  creator  innovator  innovation  entrepreneurial  entrepreneurship  entrepreneur  Precariat  Share  post-capitalism  Super  Rich  1%  inequality  mobility  social  mobility  rapid  change  generational  change  tax  code  capital  gains  tax  growth  wage  stagnation  secular  stagnation  productivity  output  gap  shared  economic  interest  Wall  Street  exploitation  shareholder  value  profit  maximisation  fairness  Generationengerechtigkeit  Gesellschaft  identity  status  status  social  status  social  an 
august 2015 by asterisk2a
Frankreich verliert Status als Deutschlands wichtigstes Exportland - SPIEGEL ONLINE
IMF rechnet für 2015 mit einem Anstieg des BIP US um 2,5 Prozent und für 2016 mit 3 Prozent. "Wir sehen zudem eine Reindustrialisierung in den USA: Dort werden wegen der niedrigen Energiekosten viele neue Fabriken und Produktionsstätten hochgezogen", sagte Treier. "Dafür werden Maschinen und Ausrüstungen aus deutscher Produktion benötigt." Hilfreich sei zudem der schwächelnde Euro, [...] "Die Amerikaner sind relativ preissensible Käufer, auch wenn es um Luxusprodukte wie deutsche Autos geht", // Germany & UK are energy dependent, especially after Desert Storm Energy project failed. UK need the bet on STEM and digital economy and knowledge economy, added value services that can be exported & leverage "British" brand. It can not compete against cheap energy fuelled China and USA! But it did nothing, UK has to even import Nurses and Doctors now! Thanks to short-sighted ideological dogmatic austerity & policy for established businesses. low corp tax & deregulation to compete w price only.
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august 2015 by asterisk2a
'They Will Want To Bleed Him To Death': Owen Jones on Corbyn, Labour and the Future of the Left - YouTube
Jeremy Corbyn MP's response to the Tories 2015 Budget - youtu.be/ZxhQy6oDacg // &! The Corbyn Factor: Blair and Blairites panic, Labour in state of confusion - youtu.be/v__jsfY2fb8 // &! Laurie Penny on Jeremy Corbyn - can he take Labour forward? - youtu.be/LGL3wK27tmE // &! Owen Jones - London Rally: Jeremy Corbyn For Labour Leader 3.8.2015 - youtu.be/mFtC4td3NMc & youtu.be/8r78NcgvWEk // &! youtu.be/N7RAqAY_4c8 (1) low wages don't fund the gov budget - where is Tories industrial global competitive policy? They've slashed Research Funding! STEM, industrial and manufacturing policy, vocational and professional education, social mobility, knowledge and creative industry, digital economy (London's high cost do no help Start-ups!), Tories pro business policy is for the big and existing players, not for the future. // &! Jeremy Corbyn: ‘Labour cannot go on being Tory-lite’ - youtu.be/r6DX-wM5hR4 &! youtu.be/m1IUYlVR59k &! youtu.be/PPZKKHQ_-Gk &! youtu.be/vKv48n4MzII
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august 2015 by asterisk2a
El-Erian: This Is Not 1998 or 2008 - YouTube
it is a repricing. a correction. prices got too far away (reflation of equity & co through ZIRP, NIRP, QE, speeches, plus hunt for yield & FOMO). It just happened to be China being the trigger, the wake-up call - very loud wake-up call - bc of its economic size and heft. (taper talks 2015 that made equity already nervous, and bond holders too, was too timid). Reality check. // Was it justified, yes. // In the long-run, we are all dead. And in the long-run things will, eventually, correct itself. // People may take now into account a new normal, lower interest rate environment, lower global growth, lower yields, lower inflationary pressures, lower dividend payments, more work that corporates (crony capitalism) need to do to squeeze out that earnings growth especially in the western world. inequality - low wage growth/stagnation - less discretionary spending on non-essential items (in the western world). & "realization that policy tools were less effective". &! bv.ms/1NFsFUn
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august 2015 by asterisk2a
George Osborne is a magician – despite his record he’s seen as a success | Owen Jones | Comment is free | The Guardian
The chancellor’s record demonstrates a specialism in policies that are too complicated to successfully rebut – a pernicious but effective approach [...] ‘He turns myths into common sense. He spins policies that benefit the richest into rewards for aspiration. He transforms his disastrous record into success.’ [...] GDP per capita remains lower than before Lehman Brothers imploded. Not since the Victorian era have workers’ pay packets flatlined for as long as they have under Osborne. [...] His government pledged to start paying off the country’s debts, but he added more than every single Labour chancellor in history put together. Under his chancellorship, productivity has stagnated disastrously. In much-derided France, productivity is 27% higher. How can this record be regarded as anything other than dire?
austerity  spin  doctor  PR  Tories  Conservative  Party  UK  George  Osborne  Toff  Privileged  Establishment  GFC  recovery  2015  budget  deficit  budget2015  tax  evasion  tax  avoidance  corporate  tax  rate  tax  code  capital  gains  tax  income  tax  welfare  state  Public  Services  Social  Services  vulnerable  Disabled  benefits  JSA  ESA  babyboomers  Generationengerechtigkeit  STEM  underinvestment  fiscal  policy  industrial  policy  Manufacturing  short-term  short-term  thinking  short-term  view  Career  Politicians  No  Representation  policy  folly  policy  error  contract  political  theory  productivity  output  gap  David  Cameron  DWP  apprenticeships  education  policy  mobility  downward  mobility  poverty  trap  child  poverty  Gini  coefficient  IMF  ChristineLagarde 
august 2015 by asterisk2a
Crash bei Dax und Dow: Das war's mit Illusion Nummer drei - SPIEGEL ONLINE
Solange die Weltwirtschaft brummt, kann eine einzelne Volkswirtschaft ihre Währung so lange abwerten, bis sie wieder wettbewerbsfähig ist und der Aufschwung fast von alleine kommt. Globale Krisen funktionieren anders. Die Weltwirtschaft insgesamt kann nicht abwerten. Sie kann nur produktiver werden, aber nicht wettbewerbsfähiger. Da alle großen Wirtschaftsregionen der Welt - USA, Euroraum, Russland, China, Japan und Südostasien - ihre Mega-Krisen in den letzten zwei Jahrzehnten hatten, gibt es auch keinen Unversehrten mehr, der die Rolle einer weltwirtschaftlichen Lokomotive übernehmen könnte. Das Wachstum der Weltwirtschaft verlangsamt sich somit stetig. [...] Die fetten Jahre sind vorbei [...] [ Share buyback was hot in 2014/15 till now ] [...] Die Verschiebung der Macht von Arbeit zu Kapital schreitet nicht weiter fort. [ low interest rate environment bc low capital returns, new Millennials have to serve now this debt burden and can't hope to inflate it away. & stagnant wages! ]
IMF  OECD  global  economy  global  trade  globalisation  global  imbalances  globalization  borderless  flat  world  GFC  dot.com  recovery  reflate  reflation  secular  stagnation  Richard  Koo  economic  history  austerity  2015  China  USA  UK  Europe  savings  glut  structural  imbalance  distortion  QE  ZIRP  NIRP  monetary  policy  fiscal  policy  underinvestment  productive  investment  output  gap  participation  rate  productivity  Great  Moderation  New  Normal  asset  bubble  equity  bubble  speculative  bubbles  bond  bubble  property  bubble  bubbles  hunt  for  yield  liquidity  trap  monetary  transmission  mechanism  debtoverhang  debt  servitude  deleveraging  balance  sheet  recession  inflation  expectation  deflationary  deflation  Oil  price  energy  price  OPEC  Makers  policy  error  policy  folly  unintended  consequences  complexity  unknown  unkown  share  buyback  Wall  Street  profit  maximisation  shareholder  value  public  investment  infrastructure  investment  business  investment  M&A  mainstreet.org  crony  capitalism  exploitation  short-term  thinking  short-term  view  capitalism  bank  bailout  lobbyist  lobby  Lobbying  Career  Politicians  No  Representation  social  contract  political  theory  structural  unemployment  Impediments  faultlines  policy  social  l 
august 2015 by asterisk2a
Will Advances in Technology Create a Jobless Future? | MIT Technology Review
Who Will Own the Robots? - We’re in the midst of a jobs crisis, and rapid advances in AI and other technologies may be one culprit. How can we get better at sharing the wealth that technology creates? // BY MARTIN FORD - The Great Divide: Unequal Societies and What We Can Do About Them BY JOSEPH E. STIGLITZ &! Inequality: What Can Be Done? BY ANTHONY B. ATKINSON &! The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies BY ERIK BRYNJOLFSSON AND ANDREW MCAFEE // &! Paul Krugman - “A lot of what’s happening [in income inequality] is not just the gods of technology telling us what must happen but is in fact [due to] social constructs that could be different.” - gov policy, corporate policy (ie 4-day work week and 6-hour days because productivity and profit margin do allow for that, and more brings diminished returns etc etc but will that go down well with Wall Street?)
Universal  Basic  Income  tax  evasion  tax  avoidance  crony  capitalism  shared  economic  interest  AI  Software  Is  Eating  The  World  marketplace  efficiencies  mobile  homescreen  mobile  phone  commodity  business  commoditization  Service  Sector  Jobs  Niedriglohnsektor  Future  of  Work  Creatives  Creative  skill-biased  technological  change  skills  gap  skill  mismatch  education  policy  Makers  4-day  week  6-hour  day  productivity  output  gap  secular  stagnation  squeezed  middle  class  working  poor  precarious  1099  Economy  Gig  Economy  self-employment  Zero  Hour  Contract  Contractor  on-demand  convenience  outsourcing  job  creation  job  market  labour  economics  labour  market  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  capitalism  inequality  capital  gains  1%  Super  Rich  meritocracy  meritocratic  tax  code  tax  tax  free  welfare  state  tax  credit  Public  Services  Social  Services  austerity  dogma  manufactured  consent  propaganda  populism  lobbyist  lobby  Lobbying  PR  spin  doctor  Robotics  3D  printing  Manufacturing  STEM  industrial  policy  automation  self-driving  cars  autonomous  car  marginal  cost  economics  of  abundance  safety  net  Gini  inequality  technological  technological  labour  capital 
august 2015 by asterisk2a
What is the 'gig' economy? | FT Comment - YouTube
human capital, HR - as cost center. // trading short-term competitiveness (kick ppl of the book according to demand) but trade it in aggregate with long-term social deprivation and skill gaps and underinvestment. because of dog eat dog mentality than you are incentivised to compete on price, because it is the easiest and you are able to to it with those neoliberal labour reforms in Europe. Don't compete with Amazon on price. Don't compete with China/Asia on price. Stupid.
Gig  Economy  1099  Economy  Zero  Hour  Contract  freelancing  freelance  part-time  Contractor  working  poor  precarious  work  uncertainty  squeezed  middle  class  Sozialer  Abstieg  neoliberalism  neoliberal  21stcentury  job  creation  job  market  labour  economics  labour  market  manual  labour  Service  Sector  Jobs  on-demand  convenience  western  world  Zeitarbeit  Leiharbeit  Europe  UK  USA  Germany  capitalism  human  capital  conglomerate  social  safety  net  Universal  Basic  Income  self-employment  tax  credit  poverty  trap  poverty  in  old  age  savings  rate  Policy  Makers  lobbyist  lobby  Lobbying  folly  error  short-term  thinking  short-term  view  meritocracy  meritocratic  Alain  de  Botton  work  environment  philosophy  chronic  stress  Precariat  Future  of  Mobile  Creatives  Mobile  Creative  profit  maximisation  shareholder  value  Workers  Union  Wall  Street  budget  deficit  OECD  IMF  lost  generation  lost  decade  professional  education  vocational  education  education  unintended  consequences  skills  gap  skill-biased  technological  change  Software  Is  Eating  The  Niedriglohnsektor  microeconomic  macroeconomic  deprivation  Perspective  hopelessness  voter  turnout  Career 
august 2015 by asterisk2a
Michelle Mone: tsar quality? - BBC News
[ gov role for No Campaign support, and possible Lord's appointment ] It's a message that speaks of defiance and determination, but also perhaps a thin skin and insecurity. So what is it that drives Michelle Mone? One guide is to follow her on Twitter. [...] What I've learned is not about business, but about image. [...] The image she projects is of someone constantly on the go from top hotel to yacht, to a glamorous photo shoot, to her evening gown laid out on her hotel bed, to a peek inside her wardrobe at the choices she's got that morning. There are pre-speech nerves when facing a glitzy, powerful audience, a menu from a swish restaurant, stroking some very expensive cars, and short messages of encouragement to her admirers. This is Michelle Mone: the brand. [...] [ it's sponsored by the DWP, aiming at those on benefits ] &! bbc.in/1JiCR3p &! bbc.in/1KvZPRf off Ultimo board. &! bit.ly/1Jr4rxi
Michelle  Mone  entrepreneurship  entrepreneur  Personal  Brand  SNP  Scottish  independence  referendum  Tories  Conservative  Party  nepotism  tax  evasion  tax  avoidance  industrial  policy  UK  George  Osborne  David  Cameron  Toff  Privileged  Establishment  budget2015  recovery  Manufacturing  STEM  education  policy  vocational  education  professional  education  apprenticeships  DWP  Iain  Duncan  Smith  Celebrity  of  You  Selbstdarstellung 
august 2015 by asterisk2a
Why we Polish are downing tools to get the recognition we deserve | John Zylinski | Comment is free | The Guardian
[ Tories and Co pit them, us all, against each other ]
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august 2015 by asterisk2a
Jaguar Land Rover urged to give assurances over 36,000 British jobs | Business | The Guardian
[ Tories economic policy for the future is the small state, and nothing else, its the short-term dogma and ideology of the Tories. ] // JLR said it had turned down other locations in Europe, the US and Mexico in favour of Nitra because of a strong supply chain and good infrastructure. Poland has claimed that Slovakia offered high state subsidies to win the factory, which it was not prepared to match. Slovakia has already attracted Germany’s Volkswagen, South Korea’s Kia and France’s PSA Peugeot Citroën, which together build hundreds of thousands of cars in the country each year. The average hourly labour cost in Slovakia is below €10 (£7), less than half that of Britain, according to Eurostat figures. The plant could help reduce JLR’s reliance on Britain, where it had to offer an improved pay and pensions deal last year to avoid strike action.
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august 2015 by asterisk2a
Global economic growth to slow, NIESR predicts - BBC News
'Domestic risk' While NIESR was generally upbeat about the UK economy, it believed that weak productivity would remain a challenge. Simon Kirby, an economist at the institute, said: "It's the major domestic risk." NIESR expects inflation to remain about zero until the end of the year due to low oil prices and the strong pound, but that it will return to the Bank of England's target of about 2% a year by 2017. The think-tank expects the Bank of England to finally raise interest rates in February next year. Economists polled by Reuters last month mostly expect the Bank to raise rates in the first quarter of 2016.
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august 2015 by asterisk2a
STEPHANIE FLANDERS: It's borrowing and debt driving Britain's recovery | This is Money
New forecasts that went with his speech paint a different picture, of a recovery driven in large part by households borrowing more, and saving less. The level of household debt, relative to income, has been falling since the crisis, as families have cut back and worked to pay off debt. But the new Budget forecasts show it starting to rise again, from the final quarter of this year, moving from 142 per cent of income back up to 166 per cent by 2019. That’s more or less where household debt had got to in the lead up to the financial crisis, after all that irresponsible ‘debt fuelled growth’ under Gordon Brown. [...]And total level of investment is now more than 20 per cent below where it was at the start of 2008. // &! bit.ly/1IxXKax - low inflation, no inflation pressures expected till 2016 // &! bit.ly/1DepsJ2 - The UK has the most unbalanced economy of any OECD country.
2015  recovery  UK  austerity  fiscal  policy  monetary  policy  ZIRP  NIRP  QE  debt-fuelled  recovery  debt  monetisation  debt  monetization  economic  growth  economic  multiplier  productive  investment  asset  allocation  distortion  speculative  bubbles  hunt  for  yield  current  account  deficit  savings  rate  debt  servitude  household  debt  mortgage  market  Taper  credit  card  consumer  debt  debtoverhang  sovereign  debt  crisis  Super  Cycle  public  debt  private  debt  debt  bubble  NPL  Makers  Manufacturing  STEM  George  Osborne  short-term  thinking  short-term  view  David  Cameron  Career  Politicians  No  Representation  fiscal  stimulus  IMF  OECD  Toff  Privileged  Establishment  social  mobility  downward  mobility  Gini  coefficient  fairness  policy  error  policy  folly  interest  groups  democracy  social  tension  social  cohesion  budget2015  general  election  2015  election  campaign  promises  competitiveness  competitive  flat  world  borderless  global  trade  structural  imbalance  Impediments  secular  stagnation  Richard  Koo  deflationary  deflation  inflation  expectation  inflation  targeting  disinflation  inflation  Mark  Carney  BOE  balance  sheet  recession  deleveraging  economic  history  faultlines  global  imbalances  industrial  policy  output  gap  productivity 
july 2015 by asterisk2a
UK's inflation rate falls to 0% - BBC News
bit.ly/1IXuomp >> Carney: Current account deficit is a risk highlighted by FPC. UK is relying on the kindness of strangers to finance current account deficit. Household borrowing isn't driving the deficit Tighter fiscal policy is needed. Tighter macroeconomic policy is needed also. Deficit highlights importance of maintaining the attractiveness of the UK for foreign investment // &! bit.ly/1I07olT - BOE's Miles doesn't see secular stagnation in the UK [...] Carney - Health of the financial system is likely to boost productivity [really?] [...] McCafferty: Low income jobs have kept productivity low &! bit.ly/1JfaSxr - Bank is looking at the household sensitivity to rate rises [ mortgage bubble will prevent BOE to raise rates faster as demand stokes as more disposable income is spend on serving interest payments thus depressing GDP growth bc 70% of it is consumer spending ] &! bit.ly/1HtySg1
current  account  deficit  UK  Mark  Carney  austerity  fairness  sovereign  debt  crisis  ZIRP  NIRP  QE  unintended  consequences  unknown  unkown  asset  bubble  equity  bubble  property  bubble  George  Osborne  productivity  output  gap  industrial  policy  STEM  Higher  Education  added  value  fiscal  policy  Public  infrastructure  investment  recovery  economic  history  competitiveness  competitive  globalisation  globalization  flat  world  borderless  deflationary  deflation  secular  stagnation  zombie  banks  Service  Sector  Jobs  job  creation  job  market  labour  market  labour  economics  skills  gap  policy  vocational  working  poor  precarious  work  Precariat  squeezed  middle  class  Zero  Hour  Contract  Contractor  disposable  income  discretionary  spending  household  debt  Niedriglohn  Niedriglohnsektor  underemployed  self-employment  employability  part-time  mortgage  market  BOE  2015  macroprudential  policy  macroeconomic  policy  microeconomic  policy  Manufacturing  fiscal  stimulus  Taper  USA  negative  real  interest  rate  interestrate  debt  servicing  interest  payment  consumer  debt 
july 2015 by asterisk2a
Employers warn of 'skills emergency' - BBC News
More than half of employers fear they will not be able to recruit enough high-skilled workers, according to a survey by the CBI. The employers' organisation is warning that a skills shortage is "threatening to starve economic growth". [...] "The government has set out its stall to create a high-skilled economy, but firms are facing a skills emergency now, threatening to starve economic growth," said Ms Hall. "Worryingly, it's those high-growth, high-value sectors with the most potential which are the ones under most pressure. That includes construction, manufacturing, science, engineering and technology. [...] The survey also highlighted concerns about the need for better careers advice to help young people understand more about the jobs likely to be available. [ &! scrapping GCSEs ! ] // education cost in UK are disenfranchising those who can not afford and are put off by the debt burden they will have to server // &! bit.ly/1IUkBxo
skill-biased  technological  change  practical  skills  practical  skill  set  skills  gap  UK  productivity  STEM  vocational  education  education  policy  MOOC  Higher  Student  Maintenance  Grant  poverty  trap  social  mobility  income  mobility  labour  market  labour  economics  job  creation  on  job  training  apprenticeships  job  security  job  market  Service  Sector  Jobs  underemployed  output  gap  Manufacturing  immigration  added  value  industrial  policy  recovery  George  Osborne  budget2015  Exportweltmeister  Germany  Fachkräftemangel  competitiveness  competitive  globalisation  global  trade  globalization  borderless  flat  world  policy  error  policy  folly  short-term  thinking  short-term  view  solidarity  working  poor  precarious  work  Precariat  squeezed  middle  class  Gini  coefficient  OECD  IMF  infrastructure  infrastructure  investment 
july 2015 by asterisk2a
BBC iPlayer - Newsnight - 08/07/2015
"Comprehensive analysis of the Budget with Evan Davis and guests." // During the election David Cameron said child tax credit/benefit was off the list of welfare spending cuts. - broken election campaign promise // --- SHOULD BE (Labour Party Policy for next election):: make work pay and eliminate child poverty AND help people (everyone) w education and support to find better and more gainful work that lift them and the economy by producing added value products. // no path to higher wages, no path to higher productivity, no path to added value British Products export increase (manufacturing, research, STEM, ...) // low wage jobs have no to very little economic multiplier ... take into account tax credits etc and it is net-negative for state and the council //
election  campaign  promises  David  Cameron  budget2015  living  wage  minimum  wage  George  Osborne  Tories  Conservative  Party  working  poor  precarious  work  Precariat  underemployed  part-time  social  mobility  income  mobility  downward  mobility  poverty  trap  added  value  Manufacturing  Public  Policy  industrial  solidarity  society  class  warfare  austerity  dogma  ideology  trickle-down  economics  economic  model  corporate  tax  rate  STEM  education  vocational  education  practical  skill  set  practical  skills  skills  gap  democracy  Future  of  productivity  output  gap  economic  growth  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  competitiveness  competitive  borderless  flat  world  working  tax  credit  tax  credit  child  tax  credit  neoliberal  neoliberalism  liberal  economic  reform  welfare  state  Public  Services  Services  childcare  employability  self-employment  long-term  unemployment  child  poverty  food  poverty  poverty  Student  Maintenance  Grant  exports  current  account  deficit  export  Higher  gender  inequality  single  mum  teenage  pregnancy  economic  multiplier  labour  economics  labour  market  job  creation  recovery  GFC  bailout  fairness  short-term  thinking  short-term  view  Career  Politicians  No  Representation  Gini  coefficient  inequality  social  cohesion  social  tension  Gesell 
july 2015 by asterisk2a
Osborne's Budget: ‘High priest of an austerity cult’ | Politics | The National
At its heart was a commitment to cut the deficit and bring the country in surplus by 2020. Osborne will achieve that partly through cuts to government spending, partly through new tax avoidance measures and substantially with hefty cuts to welfare. // &! John Swinney: The National Living Wage hides an attack on people in low-wage jobs -bit.ly/1CrSapj &! Equality: This Budget continues the project which impoverishes women - bit.ly/1D3dxrX - women make up ~70-77% of recipients of tax credit! &! tax credit essential for families on low income to top up to afford "living" [...] The Scottish Federation of Housing Associations is wholeheartedly against the removal of the automatic entitlement to Housing Benefit for 18 to 21-year-olds. This will have an adverse affect on the life chances and employment prospects of the 28,000 plus claimants in this group – over half of whom have young families of their own – as it could, for many, put their homes at risk. bit.ly/1LYCgWA &! bit.ly/1D3egtb
budget2015  austerity  poverty  trap  teenage  pregnancy  neoliberal  neoliberalism  gender  inequality  welfare  state  dogma  ideology  Conservative  Party  Tories  Toff  Privileged  Establishment  poverty  food  poverty  child  poverty  Gini  coefficient  Student  Maintenance  Grant  vocational  education  education  policy  tax  credit  working  tax  credit  child  tax  credit  living  wage  minimum  wage  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  skills  gap  downward  mobility  social  mobility  income  mobility  IMF  OECD  economic  history  propaganda  populism  manufactured  consent  corporate  state  solidarity  fairness  bailout  current  account  deficit  productivity  output  gap  industrial  policy  Higher  STEM  Manufacturing  added  value  working  poor  precarious  work  Precariat  Contractor  Zero  Hour  Contract  self-employment  labour  market  labour  economics  fiscal  policy  short-term  thinking  short-term  view  Career  Politicians  No  Representation  David  Cameron  George  Osborne 
july 2015 by asterisk2a
The Future of Artificial Intelligence - Up Next - YouTube
Back in the 1990s, Jeffrey Hawkins became both rich and famous when he invented the Palm Pilot—a device that in no small way ushered in a whole new era of mobile computing. These days, though, he’s on a far more ambitious mission. His goal: to build a machine that can think and reason on its own by mimicking the workings of the human brain. In this edition of Up Next, Hawkins opines on the both risks and rewards of artificial intelligence. Series: "Up Next: Perspectives on the Future of Everything" [5/2015] // by 2040 there will be no jobs a robot can't do. *Lead of Carnegie Mellon Robotics. // &! Now Bill Gates Is 'Concerned' About Artificial Intelligence - youtu.be/OLHxQBAvWIQ // &! Nick Bostrom - youtu.be/h9LaSfq64E8 youtu.be/aheywElK_U8 << &! Engelbart's Law of Technology Prediction; short-term we will over predict/overestimate and long-run (bc of exponential growth of technology) we underestimate.
AI  artificial  intelligence  Stephen  Hawking  Elon  Musk  Three  Laws  of  Robotics  Future  of  Work  automation  Robotics  Software  Is  Eating  The  World  3D  printing  Manufacturing  Mobile  Creatives  Mobile  Creative  Moore's  Law  exponential  growth  augmented  intelligence  computer  science  STEM 
june 2015 by asterisk2a
Jeremy Rifkin at the #CGC15: “The Zero Marginal Cost Society” - YouTube
From Top-Down Corporations to Prosumer (ProAm) to everybody being a potentially player! thus entrepreneurship, differentiation, being remarkable (Seth Godin). Distributed. Collaborative. Open. Transparent. (Open Source). Lateral Power. (TaxiOS project (collaborative) vs Uber (top-down Wall Street proprietary profit maximisation shareholder value with no shared economic interest, crony capitalism [ youtu.be/wCLPizjSe6I ]). // GFC 147$/barrel of oil. Started at 90$/barrel of oil --- globalisation/economic growth has a ceiling its 147$ and its starts to get prohibitive at 90$ // aggregate energy efficiency // Transport, Smart Grid, Internet, IoT; moving power, thus economic power. economic value chain // human capital; economic activity entity // digital goods = zero marginal cost of additional unit sold // Share Economy transforms Capitalism which will not be the primary exclusive arbiter of economic life // favours electricity cooperatives, E.ON, EDF, RWE & Co have to pivot //
marginal  cost  economics  of  abundance  book  Industrial  Revolution  2.0  Future  of  Work  Mobile  Creatives  Mobile  Creative  global  citizenship  Energy  Internet  Smart  Grid  renewable  green  transportation  public  transportation  policy  price  wind  security  efficiency  economic  history  Software  Is  Eating  The  World  augmented  intelligence  algorithm  algorithms  GFC  productivity  austerity  IoT  Big  Data  analytics  efficiency  Capitalism  Share  Economy  vocational  education  education  policy  practical  skills  practical  skill  set  MOOC  entrepreneurship  entrepreneur  differentiate  differentiation  Seth  Godin  society  culture  Universal  Basic  Income  3D  printing  Manufacturing  Moore's  Law  democracy  logistics  Internet 
may 2015 by asterisk2a
Bank of England says UK economy to grow by 2.5% in 2015 - BBC News
Mr Carney warned of "underlying weakness" as the Bank gave a gloomier picture for productivity growth. The Bank revised down its productivity forecast because it sees a disproportionate number of new jobs as low-skilled and low-output. Productivity growth is now expected to improve only modestly in the coming year before remaining below past average rates. 'Underinvestment' "Today's report should leave nobody in any doubt about the fundamental role of productivity growth in the UK economy's performance," said Aberdeen Asset Management chief economist Lucy O'Carroll. "The Bank of England has downgraded its growth outlook, and Mark Carney has put poor productivity right at the centre of the story. "He may have put part of the productivity disappointment of recent years down to a disproportionate pick-up in low-productivity jobs, but he has also admitted that underinvestment has played a role." [...] [+ EU&Global (China) headwinds] = in no rush to raise interest rates. &! bbc.in/1RIb9Ah
productivity  UK  job  creation  labour  market  labour  economics  Niedriglohn  Niedriglohnsektor  Services  Industry  service  industrial  policy  structural  imbalance  Impediments  output  gap  recovery  working  poor  squeezed  middle  class  USA  precarious  work  Precariat  self-employment  contractor  Zero  Hour  Contract  outsourcing  borderless  flat  world  globalisation  globalization  competitiveness  competitive  competition  Manufacturing  Career  Politicians  short-term  thinking  short-term  view  economic  history  GFC  dot.com  productive  investment  hunt  for  yield  asset  allocation  ZIRP  NIRP  QE  unintended  consequences  speculative  bubbles  speculative  speculation  ecosystem  education  policy  vocational  education  continual  education  underemployed  employability  long-term  unemployment  structural  unemployment  Revolution  2.0  entrepreneurial  entrepreneurship  Start-up  SME  SMB  Mittelstand  Software  Is  Eating  The  Share  Economy  service  Sector  Jobs  2015  sociology  trust  advice  psychology  anxiety  secular  stagnation  deflationary  digital  knowledge  sharing  shadow  1099  Economy  New  Economy  Venture  Capital  wantrepreneur  Year  of  Code  practical  skills  practical  skill  set  of  economics  of  apprenticesh 
may 2015 by asterisk2a
After Your Job Is Gone | TechCrunch
Future  of  Work  Mobile  Creatives  Mobile  Creative  Software  Is  Eating  The  World  Robotics  autonomous  car  self-driving  cars  algorithm  automation  first  homescreen  phone  Peak  Peak  Jobs  self-employment  Zero  Hour  Contract  contractor  precarious  Precariat  working  poor  crony  capitalism  shareholder  value  profit  maximisation  globalisation  globalization  borderless  flat  competitiveness  competitive  competition  freelance  freelancing  competitive  advantage  education  policy  Share  Economy  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  industry  Services  on-demand  convenience  austerity  Universal  Basic  Income  welfare  welfare  state  social  safety  net  minimum  wage  living  wage  Makers  Career  Politicians  protectionism  Uber  public  transportation  transportation  AirBnB  Postmates  Lyft  disposable  squeezed  middle  class  social  cohesion  democracy  No  Representation  Wall  Street  outsourcing  1099  Economy  3D  printing  industrial  policy  Manufacturing  Mittelstand  SME  SMB  Leadership  Programming  STEM  Bulimie  lernen  online  learning  e-learning  Google  vocational  education  Sozialer  Abstieg  Soziale  Marktwirtschaft  marginal  cost  economics  of  economics  economics  abundanc 
may 2015 by asterisk2a
Mark Hatch & Thomas Kalil | Studio SX | SXSW ON - YouTube
min 8:30 // by 2030, 50% of the employment will be self-employed, contractors, freelancers, consultants ... including on the manufacturing side. not just knowledge workers and the services industry. // western world's middle class and affluence gets hollowed out by the rise of the rest, loss of competitive advantage, and the 2nd industrial revolution. taking greater share of the growth of the global economy, compared to western world.
labour  market  labour  economics  Future  of  Work  self-employment  employment  precarious  working  poor  uncertainty  Zeitarbeit  freelancing  freelance  contractor  Zero  Hour  Contract  consulting  Share  Economy  Services  Industry  service  Niedriglohnsektor  knowledge  worker  knowledge  3D  printing  on-demand  marketplace  marketplace  efficiencies  SME  SMB  Software  Is  Eating  The  World  algorithm  Manufacturing  Robotics  automation  flat  borderless  globalisation  globalization  competitive  Western  World  secular  stagnation  Industrial  Revolution  Industrial  Revolution  2.0  economic  history  protection  protectionism  GFC  output  gap  productivity  recovery  sovereign  debt  crisis  Super  Cycle  squeezed  middle  class  standard  of  living 
april 2015 by asterisk2a
Bayern: McKinsey sieht bis zu 40 Prozent der Jobs bedroht - SPIEGEL ONLINE
40 Prozent der Jobs im Freistaat befinden sich demnach in einer "Gefährdungszone". Der Grund: Sie seien von den Folgen der Digitalisierung und weiteren Strukturbrüchen betroffen. Eine der Kernthesen der Untersuchung lautet, dass die klassischen volkswirtschaftlichen Parameter, in denen Bayern gut abschneidet (etwa Bruttoinlandsprodukt, Produktivität, Arbeitslosenquote), nur bedingt als Zukunftsindikatoren geeignet seien. Sie würden "lediglich den Erfolg der Vergangenheit bewerten", so McKinsey. In dem Bericht werden deshalb andere Kennzahlen herangezogen: Stabilität (u.a. Einkommensverteilung), Innovation (u.a. Bildungsqualität und Start-up-Quote), Diversität (Integrationsindex, Bildungsmobiliät), Internetzugang, Nachhaltigkeit (Gesundheits- und Vorsorgequalität, Ressourcenproduktivität). // Economic Indicators are about the past! Period. Wall Street cottage industry of economic forecasters.
Berlin  Start-Up  Scene  Europe  Start-Up  Scene  Gini  coefficient  inequality  income  inequality  Germany  SMB  industrial  policy  innovation  disrupting  markets  disruption  Exportweltmeister  China  BRIC  Software  Is  Eating  The  World  Career  Politicians  Makers  lobbyist  lobby  Lobbying  policy  folly  policy  error  Manufacturing  3D  printing  algorithm  Robotics  automation  Share  Economy  Services  Industry  Niedriglohnsektor  service  service  flat  education  policy  social  mobility  income  mobility  diversity  immigration  demographic  bubble  ecological  disaster  environmental  disaster  productivity  efficiency  public  health  public  health  policy  chronic  diseases  sick  population  faultlines  structural  imbalance  Impediments  structural  unemployment  youth  unemployment  lost  decade  lost  generation  Fiscal  Pact  infrastructure  investment  business  investment  business  confidence  sovereign  debt  crisis  PIGS  austerity  Schuldenbremse  Angela  Merkel  GroKo  Wolfgang  Schäuble  economic  history  Silicon  Valley  Year  of  Code  STEM  Wall  Street  shareholder  value  profit  maximisation  Mittelstand  SME  borderless  competitive  competitiveness  competition  ecosystem  Mobile  Creatives  Mobile  Creative  Future  of  Work 
april 2015 by asterisk2a
Solving the productivity puzzle - BBC News
UK productivity growth (as measured by output per hour worked) has been exceptionally weak since 2008. Productivity growth has actually been weak across the developed economies since the Great Recession but especially so in the UK. Beyond those facts though, there is little agreement. The talk is instead of a "productivity puzzle": solving that puzzle is the key to both a lower government deficit and to higher living standards. [...] [I]t could be that the nature of Britain's recovery explains the low productivity growth. Rather than lower productivity leading to lower real wages (as companies cannot afford to increase pay), it may be that lower real wages have encouraged firms to hire workers rather than investing in new equipment. This could have lowered productivity. [...] Much of it feels more traditionally "sociological" than "economic". // 2nd Industrial Revolution - Software is Eating the World, Self-Employment, contractors, Zero Hour Contracts, etc. &! bit.ly/1aRi7Bw
productivity  output  gap  recovery  GFC  Western  World  UK  Service  Sector  Jobs  Services  Industry  Share  Economy  STEM  Niedriglohnsektor  Manufacturing  Industrial  Revolution  policy  Robotics  deflationary  secular  stagnation  OECD  economic  history  equity  bubble  bond  bubble  ZIRP  NIRP  QE  business  investment  business  confidence  austerity  fiscal  policy  sovereign  debt  crisis  monetary  policy  algorithm  automation  Software  Is  Eating  The  World  borderless  flat  globalisation  globalization  competitive  Europe  USA  China  Asia  BRIC  Russia  Latin  America  digital  precarious  work  working  poor  poverty  squeezed  middle  class  coldprogression  cold  progression  tax  evasion  tax  avoidance  Super  Rich  productive  investment  1%  speculative  bubbles  liquidity  trap  debtoverhang  zombie  corporations  zombie  banks  zombie  consumer  property  bubble  demographic  bubble  complexity  incomplete  information  lost  decade  lost  generation  Abenomics  Japan  uncertainty  distrust  No  Representation  Career  Politicians  trust  trustagent  policy  folly  Wall  Street  shareholder  value  profit  maximisation  academia  sociology  sentiment  consumer  confidence  fear  anxiety  status  anxiety  crony  capitalism  social  co 
april 2015 by asterisk2a
The Apple Watch's Insanely Great Economics | WIRED
How many billions has it cost in R&D to develop all the gobsmacking manufacturing techniques, all the software tricks and all the battery tech inside? The reason it costs so much less than a [high-end competitor] isn’t because it’s less well made. It’s because 700 million people have helped amortize Apple’s investment in it. Apple now seems hell bent on finding new ways to flex that muscle. [it started w the iPod, then iPhone, and on and on. extreme iteration on +3 components of product ie MacBook (March 2015); battery, fan less, 2 ports only, touchpad click imitation, keypad, low power retina. possible by owning the whole chain from start to finish, purpose build german cnc mills in china, whole manufacturing complexes build only to build Apple products. and thinking about the user experience and working backwards to the technology, not thinking about newest technology to add and making a gimmick out of it. being radical. "this is better 4u, no discussion.] &! on.mash.to/1B9iywv
Apple  iPhone  iPod  Apple  Watch  MacBook  manufacturing  scale  economies  of  scale  iteration  focus  user  experience 
march 2015 by asterisk2a
BBC News - UK unemployment falls to 1.86m
The number of young people out of work, however, has stayed stubbornly high. The ONS said the number of 16 to 24-year-olds out of work fell by just 12,000 in the three months to January, to 743,000 - a rate of 16.2%. [...] Elsewhere within the figures, the number of self-employed people rose by 33,000 to reach 4.53 million. // If they were jobs for the future, productivity would start to climb, but that is not the case! http://www.bbc.co.uk/news/uk-politics-31928641 [ + ] The tax-free personal allowance to rise from £10,600 in 2015-6 to £10,800 in 2016-7 and £11,000 in 2017-8. The threshold at which people start paying 40p income tax to rise by above inflation from £42,385 in 2014-5 to £43,300 in 2017-8 [...] Annual savings limit for ISA increased to £15,240. [...] Tax on "diverted profits" to come into effect next month, aimed at multinational firms moving profits "artificially offshore" >> http://www.bbc.co.uk/news/business-31942639
youth  unemployment  self-employment  UK  labour  market  labour  economics  recovery  austerity  Services  Industry  service  economy  service  Sector  Jobs  productivity  output  gap  Share  manufacturing  working  poor  squeezed  middle  class  tax  free  income  Google  tax  evasion  tax  avoidance  2015 
march 2015 by asterisk2a
How Uber’s Autonomous Cars Will Destroy 10 Million Jobs And Reshape The Economy by 2025 « CBS San Francisco
[The 2nd Industrial Revolution enabled by Moore's Law from 2000-2030/50: autonomous cars, software eats the world, marketplaces, share economy, automation, robotics, AI/augmented reality, local - just in time manufacturing via 3D printing, renewable energy and 100% recycling of everything.] The transition is already beginning to happen. Elon Musk, Tesla Motor’s CEO, says that their 2015 models will be able to self-drive 90 percent of the time.1 And the major automakers aren’t far behind – according to Bloomberg News, GM’s 2017 models will feature “technology that takes control of steering, acceleration and braking at highway speeds of 70 miles per hour or in stop-and-go congested traffic.”2 Both Google3 and Tesla4 predict that fully-autonomous cars – what Musk describes as “true autonomous driving where you could literally get in the car, go to sleep and wake up at your destination” – will be available to the public by 2020. (( via bit.ly/1DAKDDN ))
Autonomous  Cars  automotive  public  transportation  transportation  Uber  Lyft  workforce  knowledge  worker  knowledge  economy  Software  Is  Eating  The  World  Industrial  Revolution  Moore's  Law  Why  Software  Is  Eating  World  marketplace  efficiencies  marketplace  marketplace  inefficiencies  Share  automation  Robotics  3D  printing  manufacturing  AI  augmented  intelligence  Mobile  Creative  Mobile  Creatives  recycling  renewable  energy  marketplace  plurality  long-tail  Future  of  Work  education  policy  IoT  hyperlocal  local  futurists  Future  workless  White-collar  6-hour  day  4-day  week  Blue-collar  working  poor  precarious  working  class  Universal  Basic  Income  inequality  Gini  coefficient  inequality  poverty  Liberal  Arts  destruction  disrupting  markets  disruption  policy  21stcentury  Etsy  Amazon  Google  Search  Platform  Silo  Information  wants  to  be  free  Signal  vs.  Noise  filter  bubble  education  bubble  democracy  No  Representation  Career  Politicians  short-term  thinking  short-term  view  long-term  thinking  long-term  view 
february 2015 by asterisk2a
BBC News - More student loans won't be repaid, government believes
Ministers estimated that 28% of loans would never be paid back in full when factoring their calculations. But now repayment levels are projected to drop so low that the government is close to getting back less money than it would have by keeping the old system. Responding to a parliamentary question, universities minister David Willetts said the government had been reviewing its modelling on student loans and now estimated that about 45% would be written off - an increase from 40% six months ago. Economics consultancy London Economics said the "tipping point" at which the costs of the new system will exceed those of the old one would be reached if 48.6% of all student loans were not repaid.
StudentLoans  Student  Loan  Bubble  debt  income  mobility  social  mobility  Super  Cycle  debt  education  policy  Public  babyboomers  Future  of  Work  practical  skills  practical  skill  set  Liberal  Arts  Mobile  Creative  Mobile  Creatives  apprenticeships  Trainee  Year  of  Code  Elite  Privileged  1%  meritocratic  meritocracy  Toff  UK  industrial  policy  manufacturing  destruction  Structural  Impediments  imbalance  faultlines  flat  world  service  economy  globalisation  globalization  David  Cameron  GFC  austerity  George  Osborne  Career  Politicians  short-term  thinking  short-term  view  Vision  Leadership 
october 2014 by asterisk2a
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