asterisk2a + millennials + austerity   49

Millennials spend three times more of income on housing than grandparents | Society | The Guardian
Millennials are spending three times more of their income on housing than their grandparents yet are often living in worse accommodation, says a study launched by former Conservative minister David Willetts that warns of a “housing catastrophe”. [....] They are four times as likely to rent privately than two generations ago, a sector which has the worst record for housing quality, the report claims.
Millennials  UK  housing  crisis  affordable  social  Generation  Rent  Generationengerechtigkeit  babyboomers  baby  boomers  disposable  discretionary  income  Spending  Generationy  GenY  oligopol  oligopoly  Corruption  lobby  vested  interest  bubble  underinvestment  Austerity  debt  revolving  door  asset  distortion  London  Productivity  output  gap  skills  student  loan  GFC  mortgage  risk  recovery  secular  stagnation  lost  lostdecade  decade  history  Margaret  Thatcher 
september 2017 by asterisk2a
Back to the future on inflation
[ no rising demand = no inflation ] Globalisation and the march of technology have strengthened the hand of employers and weakened that of workers. So it is no surprise that though unemployment has relentlessly fallen, wage growth remains in the doldrums.

Then there is the war between generations. As the baby boomers approached retirement, they sought to safeguard their wealth. Inflation-targeting central banks, the dismantling of the welfare state and fiscal austerity were the natural results. The modern macroeconomic constitution has disenfranchised the inflationary constituency of the young. &! https://www.project-syndicate.org/commentary/tax-cuts-for-the-rich-solve-nothing-by-joseph-e--stiglitz-2017-07
USA  UK  European  Union  inflation  targeting  GDP  demand  economic  history  babyboomers  Generationy  Generation  Generationengerechtigkeit  Millennials  Austerity  secular  stagnation  working  poor  Precariat  poverty  trap  social  income  mobility  inequality  1%  10%  Super  Rich  Plutocracy  Oligarchy  Taxation  trickle-down  ECB  Fed  BOE  BOJ  demographic  bubble  ageing  population  pension  scheme  obligation  Brexit  bank  bailout  recovery  GFC 
july 2017 by asterisk2a
Budget 2017: Hammond to tell us the Brexit vote could have been worse | Business | The Guardian
consumers carried on spending and businesses continued to expand.

The picture for the public finances is also looking rosier compared with Hammond’s maiden autumn statement in November. [...] But here’s what the chancellor will not tell you: living costs have gone up and will continue to do so. The poorest will be hit hardest as the cost of essentials such as food and heating take a growing chunk out of already tight family budgets. Wages will struggle to match rises in inflation and the government’s benefit cuts mean that incomes will fall for the poorest people in Britain. In short, unless the government does something significant to improve living standards this week, inequality will start rising again.
UK  JAM  working  poor  squeezed  middle  class  Precariat  Theresa  May  Philip  Hammond  Austerity  DWP  HMRC  inflation  wage  growth  social  mobility  inequality  income  Tories  Productivity  child  poverty  trap  output  gap  recovery  GFC  bank  bailout  nasty  party  Conservative  Generationengerechtigkeit  babyboomers  Millennials  generation  rent  living  standard  discretionary  spending  disposable  credit  taxation  household  debt  mortgage  housing  crisis  Consumer  Consumerism  economic  history  neoliberalism  interventionism  crony  capitalism  tax  evasion  avoidance  corporatism  Exploitation  zero  hour  contract  part-time  minimum  generational  divide  Triple  Lock  Pension 
march 2017 by asterisk2a
NHS chief demands political consensus on funding elderly and social care | Society | The Guardian
Stevens believes David Cameron’s administration should look at all the options for finding the billions of pounds needed, including revisiting the “triple lock”, which guarantees Britain’s pensioners generous annual increases in their state pension until 2020. [ ie could tax big pensions! progressive tax on income vs flat income tax/NI and sugar tax, food chain tax, animal products tax, processed food tax, engineered food tax ] In an interview with the Guardian, Stevens suggested ministers should be prepared to risk upsetting Britain’s growing army of senior citizens by looking at whether the benefits they receive are fair to working-age and younger people. [...] Last week, the House of Commons work and pensions select committee launched an inquiry into income inequality between older and younger people. [...] [babyboomers get 118% out of what they've paid] //&! bit.ly/1OscF7D - how much is sick population willing to pay?
NHS  ageing  population  premature  ageing  babyboomers  demographic  bubble  chronic  diseases  diet-related  disease  cancer  diabetes  obesity  heart  disease  UK  health  care  budget  health  care  spending  health  care  health  crisis  sick  population  staff  morale  locum  staff  staff  shortage  Generationengerechtigkeit  fairness  progressive  tax  code  Sugar  Standard  American  Diet  food  industry  Nudge  theory  intervention  prevention  elderly  care  adult  social  care  Public  Services  Services  austerity  national  insurance  generation  rent  lost  generation  Millennials  GP  mental  health  mental  illness  health  inequality  post  code  lottery  Simon  Stevens 
january 2016 by asterisk2a
Tories To Kill Off Lords' Bid To Give 16- And 17-Year-Olds Vote In EU Referendum - BuzzFeed News
Ministers are planning to use an arcane parliamentary device to block plans to give 16- and 17-year-olds a vote in the EU referendum. Peers voted in favour of giving votes at 16 last month, but a Commons vote tomorrow is expected to overturn the decision, as the Conservatives are against extending the franchise. It was previously expected that the amendent would bounce between the Lords and the Commons until one of the sides conceded defeat. //&! Giving 16-year-olds the vote in EU poll: latest Lords-Commons battle. Disagreements over extending the right to vote to younger people could delay in/out referendum. Here’s why - bit.ly/21LXA81 //&! MPs rebuff Lords bid to give 16-year-olds EU referendum vote - Politics live - bit.ly/1lrmGbW
nasty  party  Brexit  Generationengerechtigkeit  democracy  social  democracy  inequality  Tories  David  Cameron  George  Osborne  Conservative  Progressive  Toff  Establishment  Privileged  austerity  voter  turnout  Career  Politicians  No  Representation  Millennials 
december 2015 by asterisk2a
Disabled students fear loss of essential support - BBC News
[ easy thing to move double digit spend off balance sheet onto someone else's - Career Politicians trick ] "Disabled students should be allowed equal opportunities to non-disabled students and to put it bluntly, the cuts to DSA limit our futures. "Having discussed the cuts to DSA with deaf and other disabled students I have seen a trend in a loss of hope. These students, myself included, feel disregarded by the government and our access to higher education has been unjustly restricted." [...] The National Union of Students fears small, specialised institutions will struggle to meet the costs. Disabled students' officer Maddy Kirkman said the changes risked inconsistency in support and complained the government had ignored these concerns. [...] The Green party said the changes amounted to a £70m cut to support for disabled students. [...] She warned that disabled students could "fall into a no man's land" with government and universities each claiming it is the other's responsibility.
Disabled  disability  vulnerability  vulnerable  budget2015  Generationengerechtigkeit  fairness  Education  Maintenance  Allowance  Student  Maintenance  Grant  Tories  nasty  party  Conservative  general  election  2015  election  campaign  promises  Manifesto  budget  deficit  tax  evasion  tax  avoidance  social  democracy  democracy  corporate  welfare  subsidies  subsidizing  George  Osborne  David  Cameron  policy  Gini  coefficient  social  mobility  income  mobility  inequality  discrimination  Equality  Act  2010  spin  doctor  PR  reframing  framing  Career  Politicians  No  Representation  constituency  babyboomers  generational  contract  Millennials  generationy  health  inequality  income  inequality  social  cohesion  social  tension  austerity 
december 2015 by asterisk2a
HMRC asked tax avoider to sign pledge not to engage in practice again | Politics | The Guardian
HMRC asked tax avoider to sign pledge not to engage in practice again Department says letter was sent as part of series of measures to discourage wider issue of tax avoidance and was not a legally binding document. [...] [ out of the lions mouth ] "one man’s aggressive avoidance is another man’s sensible planning" [...] [ but benefit "scroungers" go to jail. one tax cheat has yet to go to jail // google "daily mail benefits cheat jailed" vs daily mail tax cheat jailed // tax cheats fleece state because they use infrastructure and services for free, have thought about that? but can't jail you because you create jobs, and thus have a meaning to capitalistic society. benefit claimants, the sick, the vulnerable, the disabled have no place in a capitalistic society and thus in Osborne's budget considerations nor for the NHS which is in his eyes (actions speak louder than words, no investment to better society ... where is the Big Society item?) only a cost item. ] [write ur own rules $]
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november 2015 by asterisk2a
Robert Reich - Timeline Photos
What about all the ballyhoo about manufacturing jobs coming back to America? Well, some have. But they pay lousy wages. The average wages of production and non-supervisory employees in manufacturing are lower today than they were in 1985, when adjusted for inflation. [...] Bottom line: Most Americans have got zilch out of this recovery. In fact, they’re worse off now than they were in 2000. Meanwhile, the top 0.1 percent is doing fabulously well. More and more people are concluding the game is rigged -- which it is. No one should be surprised at the surge in populist anger on the left and the right.
USA  job  creation  recovery  industrial  policy  wage  growth  wage  stagnation  UK  western  society  western  world  secular  stagnation  squeezed  middle  class  Sozialer  Abstieg  income  growth  economic  growth  disposable  income  income  distribution  income  mobility  income  inequality  income  redistribution  social  mobility  Gini  coefficient  Super  Rich  1%  discretionary  spending  zombie  consumer  credit  card  debt  credit  card  car  loan  2015  GFC  reflate  reflation  globalization  globalisation  flat  world  borderless  competitive  competitiveness  competition  low  pay  low  income  labour  market  labour  economics  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  precarious  work  Precariat  working  poor  Joseph  Stiglitz  Robert  Reich  poverty  child  poverty  food  poverty  poverty  trap  generationy  babyboomers  participation  rate  manual  labour  Millennials  retirement  mainstreet  Wall  Street  profit  maximisation  shareholder  value  tax  evasion  tax  avoidance  capital  gains  tax  corporate  tax  rate  dogma  ideology  neoliberalism  neoliberal  republicans  democrats  public  awareness  public  perception  American  Dream  post-racial  America  economic  justice  fairness  bank  bailout  TBTF  too  big  to  jail  too  big  to  bail  Generationengerechtigkeit  budget  deficit  austerity  populism  corporate  corporate  r 
october 2015 by asterisk2a
Tax credit cuts - will the House of Lords stop them? - YouTube
what constitutional crisis? democracy. separation of power. checks and balances. getting the voice of the minority heard who have no voice, nobody, no lobby in Westminster to speak and represent them. // 1:44:00 David Cameron and Osborne lied to win a small majority in the general election, withholding the details of further (12bn) welfare cuts in the next parliament if they were (re-)elected. The British public is fed up. Same with LibDems budging on Student Fees post-election and students went on the street in London and elsewhere. & 1:58-59:00 because of that fact, what the gov is asking us to do to waive this through, is unacceptable. & 2:00:00 no taxation without representation & 2:34:00 Poor have to make even more hard choices that Toff can't even imagine to make. & If you don't create middle-class jobs (job creation/industrial policy), you have to top up pay with tax credit for low income. Period. & 2:47:00 proposed amendments were just soft paced cut style. no principles!
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october 2015 by asterisk2a
Isn't Your Body More Important Than Your Home? - YouTube
'general welfare', 'collective good' //&! youtu.be/7oXPWWDgaoo - The Myths & Lies Exposed in the GOP Debate - Carly Fiorina: Crony Capitalism = Big Goverment supporting tbtf/tbtj corporations? << POSITIONING. Blaming it on Big Government, that corporations feel they need to get bigger. LOL &! RT is not only one calling out Carly Fiorina - http://crooksandliars.com/2015/10/cnn-confronts-carly-fiorina-her-factless
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october 2015 by asterisk2a
Warren Buffett Crushes Republicans On Taxes - YouTube
Not having a voice. No being heard. // Empört Euch! (German) Perfect Paperback – Feb 2011 by Stéphane Hessel
moral  imperative  morality  Super  Rich  1%  capital  gains  tax  capital  gains  income  tax  income  distribution  income  redistribution  infrastructure  investment  underinvestment  budget  deficit  fairness  democracy  No  Representation  Career  Politicians  austerity  tax  evasion  tax  avoidance  corporate  tax  rate  crony  capitalism  capitalism  Wall  Street  shareholder  value  profit  maximisation  exploitation  lobbyist  lobby  Lobbying  revolving  door  corruption  bribery  Party  Funding  USA  secular  stagnation  Niall  Ferguson  public  investment  Gini  coefficient  income  inequality  income  mobility  social  mobility  American  Dream  progressive  white-collar  crime  squeezed  middle  class  globalization  globalisation  flat  world  borderless  plutocracy  oligarchy  Sozialer  Abstieg  Millennials  Generationengerechtigkeit  generationy  corporate  welfare  subsidies  subsidizing  corporate  scandal  corporate  state  corporate  media  Polarisation  propaganda  populism  corporate  culture  corporate  values  corporate  governance  corporate  social  responsibility  Services  Services  dogma  ideology  neoliberalism  neoliberal  Greed  GFC  recovery  trickle-down  economics  bank  bailout  society  Gesellschaft  Wertegesellschaft  Rebellion  social  uprising  Richard  Wolff  Robert  Reich  Joseph  Stiglitz  inequality  stagnation  class 
october 2015 by asterisk2a
Chris Hedges June 8, 2015 Town Hall Seattle - YouTube
Ceased all power and rendered the citizen powerless. This is no capitalistic democracy. This is crony capitalism. Capitalism has no internal constraints. remove external constraints & it will see & use everything (private free market enterprise) as replaceable & commodity w a price (even the planet): the environment, workers health. &! non-violent revolution! // Revolutions are internal affairs w different dynamic. All succesful revolutions are fundamentally non-violent. No revolution is successful until sizable internal protection/security defects (Whistleblower et al) and refuses to fight for the discredited regime/plutocracy/oligarchy/Elite/Super Rich/1%/Corporation/crony capitalism/tax evasion/tax avoidance and joins the revolution. // Living in truth & speaking the truth to power. Pulling people into the streets & discrediting the status quo. Dont pit people against each other. Essay. The power of the powerless // If we do not break it. We & our children have no future!
Revolution  Super  Rich  crony  capitalism  Bernie  Sanders  Jeremy  Corbyn  SNP  Nicola  Sturgeon  Career  Politicians  No  Representation  bottom  up  democracy  Elite  oligarchy  plutocracy  regiem  climate  change  Generationengerechtigkeit  fairness  global  warming  economic  damage  ecological  disaster  environmental  disaster  corporate  media  corporate  state  manufactured  consent  propaganda  Polarisation  populism  corporate  scandal  Rebellion  Millennials  constituency  babyboomers  generationy  book  intellectual  corporate  welfare  corporate  values  corporate  culture  corporate  governance  self-regulation  regulation  regulators  post-racial  America  prison–industrial  complex  medical-industrial  complex  Surveillance-Industrial  military–industrial  complex  Oppression  abuse  of  power  American  Dream  injustice  Justice  System  white-collar  crime  Zivilgesellschaft  Gesellschaft  Wertegesellschaft  courage  Zivilcourage  Moral  Imperative  civil  courage  civil  society  civic  society  Protest  Protest  Partei  Protest  Party  civic  life  civic  good  social  tension  social  cohesion  social  uprising  social  capital  socialism  social  contract  austerity  social  mobility  income  mobility  Gini  coefficient  inequality  income  distribution  corporate  tax  rate  tax  evasion  tax  capitalism  economic  avoidan 
october 2015 by asterisk2a
UK's most expensive city facing 'catastrophe' - BBC News
shortage of supply = unaffordable = nobody can afford to live there, work there, study there. or have to commute from out of town for 1 hour or more. // this is not only a problem in Oxford. NHS Grampian has problems of recruiting because unaffordable house prices and rents pushed up by Oil Industry and the lack of new housing. Same for teaching jobs. // all the while building companies make pumper profits and even skirt around the edges to lower the ratio of social and affordable housing they have to provide with each new big project. its in their interest, if prices were to fell, they would make less money. so they build not enough to keep up with demand at all. and not enough so each new builds profit rises because of risen demand and people willing to pay more for the same house or flat from previous year or two or three despite no real improvement in the build technically/energy efficiency wise/or architecture wise - modern, wide open, big windows. //
UK  Housing  Crisis  green  belt  Supply  and  Demand  Demand  and  Supply  property  bubble  speculative  bubbles  generation  rent  Generationengerechtigkeit  fairness  babyboomers  vested  interest  interest  groups  mortgage  market  shared  economic  interest  commuting  quality  of  life  standard  of  living  cost  of  living  city  living  disposable  income  discretionary  spending  underinvestment  productive  investment  NHS  Grampian  Public  Services  Social  Services  Tories  nasty  party  Conservative  distortion  ZIRP  NIRP  QE  hot-money  credit  bubble  China  capitalism  collusion  Policy  Makers  lobbyist  lobby  Lobbying  affordable  cost  of  entry  cost  center  cost  of  ownership  cost  of  Career  Politicians  No  Representation  democracy  interest  minority  folly  error  competitive  competitiveness  macroprudential  Buy  to  Help  to  Buy  Scheme  Right  to  Buy  fiscal  austerity  deprivation  urbanisation  urban  planning  monetary  unknown  unkown  unintended  consequences  general  election  2020  George  Osborne  David  Cameron  Toff  Privileged  Establishment  Entitlement  Millennials  generationy 
october 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
Does the government hate young people? It certainly feels that way | Rhiannon Lucy Cosslett | Comment is free | The Guardian
[ u-25s not included in minimum wage, housing benefits ] We’d love to grow up, we really would. But policies on everything from student loans to housing seem designed to ensure we can never achieve adulthood [...] We have been disproportionately affected by recession and austerity. According to research published by the Resolution Foundation earlier this year, 22 to 29 year-olds saw a 12.5% fall in wages between 2009 and 2014. Working-age households suffered a 4% cut to their incomes, while pensioner households saw theirs jump by almost 10% between 2007 and 2014.
Generationengerechtigkeit  austerity  fairness  Millennials  Student  Loan  Bubble  Education  Maintenance  Allowance  Student  Maintenance  Grant  UK  nasty  party  Tories  Conservative  minimum  wage  post  code  lottery  policy  Gini  coefficient  constituency  babyboomers  sovereign  debt  crisis  Super  Cycle  political  theory  social  contract  Career  Politicians  No  Representation  budget2015  George  Osborne  David  Cameron  Iain  Duncan  Smith  inequality  social  mobility  income  mobility 
october 2015 by asterisk2a
So you hate the Tories – but what comes next? | John Harris | Comment is free | The Guardian
Tory conference: Cameron's 'assault on poverty' pledge belied by new figures. [...] planned welfare cuts would lead to 200,000 more working households in poverty by 2020. bit.ly/1Nop8vl - The thinktank’s analysis also indicates that the number of all households – both in and out of work – that will be in poverty at the end of the parliament is projected to rise by 700,000 to nearly 4 million. The report will pile further pressure on ministers to rethink how they protect the working poor, following the introduction of controversial plans to cut tax credits in the first budget immediately after the election. //&! bit.ly/1VIjIQ0 - Podcast &! Tories hollowness in their tax credit cut & talking abt social mobility @ their conference (audacity [spin&PR& repeating the message over & over they want to get across] to speak abt poverty @ their conference) - bit.ly/1WQaheJ - masking their rightwing neoliberal policy pitching it as centre - bit.ly/1jeVqfG &! bit.ly/1LsHNPO redefine center
Conservative  Party  Tories  Labour  Party  Toff  Privileged  Establishment  Entitlement  babyboomers  constituency  general  election  2015  election  campaign  promises  Jeremy  Corbyn  David  Cameron  George  Osborne  Jeremy  Hunt  Iain  Duncan  Smith  Boris  Johnson  Theresa  May  Big  Society  austerity  DWP  NHS  general  election  2020  Brexit  tax  credit  child  tax  credit  working  tax  credit  child  poverty  welfare  state  social  safety  net  poverty  trap  2015  budget2015  PR  spin  doctor  reframing  framing  SNP  The  Vow  The  Smith  Comission  Devolution  Westminster  Career  Politicians  No  Representation  Scottish  independence  referendum  immigration  migration  European  Union  London  bank  bailout  banking  crisis  bank  crisis  tax  evasion  tax  avoidance  HMRC  corporate  state  manufactured  consent  Polarisation  Generationengerechtigkeit  fairness  Millennials  generationy  propaganda  corporate  media  populism  social  mobility  income  mobility  food  poverty  education  policy  Maintenance  Allowance  Student  Maintenance  Grant  Student  Loan  Bubble  multiculturalism  working  poor  precarious  work  job  security  Trade  Union  Workers  Union  Zero  Hour  Contract  Contractor  underemployed  part-time  self-employment  recovery  GFC  fiscal  policy  monetary  policy  reflate  reflation  property  Housing  UK  Precariat  income  poverty 
october 2015 by asterisk2a
UK interest rates held at 0.5% after 8-1 Bank vote - BBC News
The central bank said cost pressures in the UK's labour market were rising too slowly for inflation to return to the Bank's 2% target, and that inflation would stay below 1% until spring 2016. Inflation has been hovering around 0% for the past few months, but the Bank had indicated that robust domestic growth and the fading effect of last year's big oil price falls would cause it to bounce back towards 2% next year. Although UK consumer spending had remained resilient, bolstered by wage growth, attempts to reduce the UK budget deficit had restrained activity and global growth had been below average.
UK  BOE  MPC  austerity  wage  growth  wage  stagnation  income  distribution  disposable  income  income  growth  low  income  job  creation  productivity  output  gap  recovery  fiscal  policy  inflation  expectation  inflation  targeting  ZIRP  NIRP  QE  Taper  monetary  policy  2015  consumer  debt  household  debt  mortgage  market  car  loan  Student  Bubble  credit  card  debt  zombie  consumer  Richard  Koo  debtoverhang  debt  servitude  Super  Cycle  balance  sheet  recession  leverage  deleveraging  margin  trading  speculative  bubbles  asset  reflate  reflation  property  secular  stagnation  Niall  Ferguson  global  economy  USA  dogma  ideology  neoliberalism  neoliberal  George  Osborne  Tories  Conservative  Party  constituency  babyboomers  bank  bailout  banking  crisis  bank  crisis  Millennials  generationy 
october 2015 by asterisk2a
It’s George Osborne who will shape Tory prospects for 2020 | Gaby Hinsliff | Comment is free | The Guardian
Power is leeching from David Cameron, and the colder, more ruthless chancellor is in the spotlight [...] Osborne’s big problem, of course, is that his fingerprints are all over everything the government has done – or not done – to tackle these problems over the last five years, let alone over the next five. And that’s not the only factor limiting his prospects of promotion He’s almost as exposed as Cameron is to fallout from the EU referendum gamble. (Heads we quit the EU, and government heads will have to roll; tails we stay, triggering Tory civil war).
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october 2015 by asterisk2a
Scottish government attacks 'national living wage' plans - BBC News
The UK government's National Living Wage plans have been criticised as a "misappropriation of the term" by the Scottish government. Under the plans announced by Chancellor George Osborne in July, the minimum wage for over-25s will rise from £6.50 an hour to £7.20 in April next year. It will rise to at least £9 by 2020. The Scottish government said the proposals were "simply an enhancement of the national minimum wage" rather than a true living wage. [...] "It is simply an enhancement of the national minimum wage which disgracefully discriminates against the under 25s.
reframing  framing  PR  spin  doctor  living  wage  minimum  wage  George  Osborne  David  Cameron  Jeremy  Hunt  Iain  Duncan  Smith  Tories  Conservative  Party  general  election  2015  election  campaign  promises  UK  Toff  Privileged  Establishment  Entitlement  Career  Politicians  fairness  Generationengerechtigkeit  austerity  Millennials  constituency 
october 2015 by asterisk2a
My fear is that Addenbrooke's is just the beginning
Whilst our ageing population creates an underlying pressure on hospitals across the country, the failure of Conservative ministers to plan the NHS workforce and properly fund social care is at the heart of the problem.  A key contributor to the ‘inadequate’ rating given to Addenbrookes was understaffing, particularly in the maternity and A&E services. The CQC is clear that the staff working at the hospital did everything they could for the patients in their care. The problem was that there simply weren't enough of them. [...] The Royal College of Nursing estimate that hospitals spent almost £1 billion on agency nurses alone last year – it’s no wonder hospital finances are in such a dire position. [ Osborne cut spending (when came to power in libdem coalition 2010) on training! stupid, he put the NHS/Hospitals in that position! experts say it won't be fixed for years. pipeline issue was created by Tories! ]
NHS  Conservative  Party  Tories  austerity  neoliberalism  neoliberal  budget2010  budget2015  George  Osborne  Jeremy  Hunt  dogma  ideology  ageing  population  premature  ageing  sick  population  demographic  bubble  Public  Services  Social  Services  elderly  care  UK  welfare  state  safety  net  Generationengerechtigkeit  fairness  bank  bailout  democracy  Privatisation  Millennials  babyboomers  general  election  2015  election  campaign  promises  David  Cameron  constituency  generationy  manufactured  consent  Polarisation  propaganda  corporate  media  corporate  state  populism  Toff  Establishment  Entitlement  Privileged  Westminster  London  GFC  recovery  CQC  A&E  GP  PR  spin  doctor  reframing  framing 
september 2015 by asterisk2a
Homelessness figures: Nearly 100,000 children in England 'homeless' - BBC News
Nearly 100,000 children in England are living in temporary accommodation after being made homeless, new figures show. // &! More & more student start work after graduation in low pay jobs not requiring a diploma, due to current job market/job creation situation in UK! Not hitting 21k repayment threshold - bbc.in/1OU0K3H - OBR show fewer are likely to start paying than was expected when the policy was introduced, [...] freezing the loan repayment threshold - alongside other changes such as replacing maintenance grants for poorer students with loans - will significantly increase the cost of going to university. It says this risks undermining pledges by successive governments to improve social mobility, as well as raising uncertainty in students' minds over the terms of their borrowing. //&! Higher education cuts 'risk NI being left behind' - bbc.in/1gZMrgj //&! Doctors warn Tories not to cut free school meals (child poverty, food poverty) bbc.in/1LewQrn
UK  property  bubble  Supply  and  Demand  Demand  and  Supply  affordable  housing  social  housing  Gini  coefficient  Generationengerechtigkeit  generation  rent  poverty  trap  child  poverty  food  poverty  austerity  Policy  Makers  dogma  ideology  neoliberalism  neoliberal  Tories  Conservative  Party  housing  market  Crisis  housing  benefit  benefits  welfare  state  social  safety  net  bank  bailout  fairness  social  cohesion  minority  constituency  error  folly  babyboomers  social  tension  Toff  Establishment  Privileged  Entitlement  general  election  2015  election  campaign  promises  Help  to  Buy  Scheme  excess  reserves  mortgage  market  Buy-to-Let  Right  to  Buy  Buy  to  Wall  Street  shareholder  value  profit  maximisation  inequality  Funding  for  Lending  Scheme  macroprudential  macroeconomic  microeconomics  disposable  income  discretionary  spending  debtoverhang  household  debt  recovery  2015  consumer  debt  debt  servitude  private  debt  Payday  Loans  Student  Loan  Millennials  generationy  secular  stagnation  low  income  prevention  job  security  job  market  labour  market  Niedriglohnsektor  Service  Sector  Jobs  job  creation  income  mobility  social  mobility  downward  mobility  precarious  work  Precariat  working  poor  University  vocational  education  professional  education  Maintenance  Student  Maintenance  child  Allowanc 
september 2015 by asterisk2a
The new right to buy is solving 1979’s problems at today’s expense | Gaby Hinsliff | Comment is free | The Guardian
This Thatcherite policy revival fails to recognise that the main cause of the housing crisis is affordability //&! Housing bill needs radical, long-term measures to reform the market. As well as increasing supply, the government needs to use the tax system to make buy-to-let less attractive as an investment - bit.ly/1PDxWe3
Help  to  Buy  Scheme  Buy  to  Rent  Right  to  Buy  neoliberalism  neoliberal  Supply  and  Demand  Demand  and  Supply  Tories  Conservative  Party  austerity  David  Cameron  George  Osborne  dogma  ideology  affordable  housing  social  housing  UK  2015  budget2015  Generationengerechtigkeit  generation  bank  bailout  banking  crisis  bank  crisis  trickle-down  economics  Wall  Street  profit  maximisation  shareholder  value  shared  economic  interest  infrastructure  investment  underinvestment  general  election  2020  general  election  2015  election  campaign  promises  productive  investment  productivity  output  gap  commuting  disposable  income  discretionary  spending  wage  growth  wage  stagnation  income  growth  low  income  job  creation  labour  market  job  market  labour  economics  Niedriglohnsektor  squeezed  middle  class  generationy  Millennials  sovereign  debt  crisis  recovery  economic  history  household  debt  consumer  debt  debt  servitude  credit  bubble  NPL  mortgage  market  BOE  fiscal  policy  monetary  policy  macroprudential  policy  macroeconomic  policy  microeconomic  policy  Mark  Carney  financial  incentive  tax  code  distortion  Buy-to-Let 
september 2015 by asterisk2a
With Hinkley Point, squandermania has reached dangerous new heights | Simon Jenkins | Comment is free | The Guardian
[ cutting renewables, sure. how about 24bn for renewables and SmartGrid 10 years. Duh. And no energy price tariff guarantees needed. ] The only two versions of the EDF pressurised water reactor under construction, in Finland and France, are way behind schedule with doubled budgets. For £24bn you can read anything you like. It is the auto-da-fé of Treasury control. The person who should be laughing is Labour’s Jeremy Corbyn. Hinkley Point competes with HS2 and possibly a new Heathrow runway for the title of “world’s stupidest megaproject”. [...] When Centrica, the last British investor, pulled out of Hinkley in 2013, it did so because not a single adviser thought it a sensible bet. [ and who benefits? companies who benefit from status quo! fossil fuel companies ] //&! The Guardian view on Hinkley Point C: overcomplicated, overpriced and overdue Editorial: Nuclear power may be necessary to limit climate change, but this is the wrong nuclear option - bit.ly/1QztaOV &! bbc.in/1R1NSYr
Hinkley  Point  nuclear  power  George  Osborne  austerity  renewable  energy  Smart  Grid  budget2015  dogma  ideology  constituency  lobbyist  lobby  Lobbying  revolving  Career  Politicians  energy  price  energy  policy  energy  security  subsidies  subsidizing  carbonfootprint  fiduciary  responsibility  accountability  oversight  transparency  David  Cameron  Toff  Privileged  Establishment  Generationengerechtigkeit  fairness  Millennials  Entitlement  revolving  door  Privatisation  climate  change  global  warming  policy  error  Makers  social  contract  political  theory 
september 2015 by asterisk2a
NUS begins legal action to prevent government scrapping maintenance grants | Education | The Guardian
Union demands that equality implications of reform are considered before further steps are taken to change law [...] “Previous work of the coalition government to assess equality impacts of government policies has apparently been abandoned and the government has reneged on commitments given to the equality and human rights commission to continuously assess equality impacts in formulating policy. “NUS has called upon the secretary of state to halt plans to abolish maintenance grants and to gather information to enable him to properly consider the complex equality considerations at stake. An open-minded reconsideration of the policy should then take place.” A spokesperson for the Department for Business, Innovation and Skills said: “We have noted the letter from the NUS and will respond in due course.“ Maintenance loans will replace maintenance grants for new students from 2016-17. The loans will have to be paid back only when earnings rise above £21,000.
Student  Maintenance  Grant  budget2015  George  Osborne  austerity  Generationengerechtigkeit  social  mobility  Gini  coefficient  income  mobility  fairness  bank  bailout  Toff  No  Representation  Career  Politicians  babyboomers  Millennials  Establishment  Entitlement  Privileged  society  general  election  2015  election  campaign  promises  constituency  Tories  Conservative  Party  David  Cameron  Education  Maintenance  Allowance 
september 2015 by asterisk2a
It’s the British establishment that has a problem with democracy | Seumas Milne | Comment is free | The Guardian
‘Rewarding major donors with seats in parliament and jobs in government is a long-established British tradition.’ [...] But political corruption and the implacable opposition of the spooks and military to progressive change are the traditional forms of anti-democratic politics, in Britain, as elsewhere. For the past generation it has been the corporate embrace, the revolving doors, the privatised contracts, the “free trade” treaties, European Union directives, and the removal of economics from democratic control under the neoliberal rules of the game that have set the boundaries of acceptable politics. [ Jeremy Corbyn is a symptom/backlash to the status quo ] Since the 2008 crash the rejection of that broken economic model and the hollowed-out politics that reflects it has spread across the western world, now including Britain. Which helps explain why Cameron’s Conservatives have turned to the most retrograde measures to bring opposition to heel. //&! bit.ly/1FWK86Y
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september 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
Simon Hix on the election of Jeremy Corbyn as the new leader of the Labour Party - YouTube
Movement (Bobble Head of our time that captured imagination of disenfranchised part of society which became disengaged with Politics because they had no voice and no impact and no shared views) - vs - [Labour] Party (something babyboomers and pensioners could voted for (if) it is properly framed, spun, communicated over and over again that they've sold out their kids and grand children for their own gain and capture of wealth and have to change course. because their kids and grand children are on a backfoot very much, already. and can not take guaranteed the opportunities and social and capital luxuries babyboomers, post-war gen (pensioners) have enjoyed and continue to enjoy. that they have to give up some of their pie).
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september 2015 by asterisk2a
Jeremy Corbyn's Labour leadership campaign: behind the scenes exclusive | Owen Jones talks - YouTube
socialism for crony capitalism (Super Rich, 1%, 30% of top of society, babyboomers, asset owners - owners of commanding hights, bank bailout) - vs - people // Noam Chomsky, can't have (crony) capitalism and democracy //&! --- youtu.be/fzt_RNa_9BQ - What if Jeremy Corbyn actually wins the Labour leadership? | Owen Jones talks... - key are key messages! repeated. properly framed. unpenetrable by Tories highly skilled spin doctors and their usual campaign of fear (tool, lowest common denominator easiest to mass communicate and transmit in one sentence) to distract/divert from the truth ... 'oh my good, look over there!' ... peoples convenience and attention span and willingness to debate endanger what has been built. it is already dismantled. //&! bit.ly/1NxAriZ - Hostile Press!
Jeremy  Corbyn  lefty  socialism  Career  Politicians  austerity  Generationengerechtigkeit  fairness  No  Representation  Tories  SNP  Millennials  generationy  babyboomers  bank  bailout  Wall  Street  crony  capitalism  post-capitalism  capitalism  GFC  recovery  political  economy  political  error  political  folly  Labour  Party  general  election  2015  election  campaign  promises  Conservative  Party  George  Osborne  David  Cameron  Iain  Duncan  Smith  political  theory  social  cohesion  social  construct  social  change  social  contract  democracy  Toff  Establishment  Privileged  exploitation  globalisation  globalization  NHS  lobbyist  lobby  Lobbying  revolving  door  corruption  bribery  PR  spin  doctor  reframing  framing  banking  crisis  financial  crisis  budget  deficit  Scottish  Independence  Scottish  referendum  2015  flat  world  deflationary  deflation  borderless  income  growth  income  distribution  Super  Rich  1%  tax  evasion  tax  avoidance  Noam  Chomsky  Ed  Miliband 
september 2015 by asterisk2a
Soziale Gerechtigkeit und Wachstum: Deutschland mittelmäßig - SPIEGEL ONLINE
Wie gut gelingt es Staaten, eine nachhaltige Wirtschaftspolitik mit sozialer Gerechtigkeit zu vereinen? Deutschland landet in einer Studie des Weltwirtschaftsforums nur im Mittelfeld. Vor allem das Steuersystem schneidet schlecht ab. // &! bit.ly/1K7qKCb - Erbschaft!
Generationengerechtigkeit  fairness  austerity  Gini  coefficient  social  mobility  income  mobility  downward  mobility  inequality  gender  inequality  economic  growth  tax  free  income  kalte  Progression  coldprogression  Universal  Basic  Super  Rich  1%  Public  Services  Services  welfare  state  social  safety  net  OECD  IMF  Robert  Reich  Joseph  Stiglitz  Thomas  Piketty  tax  avoidance  tax  evasion  capital  gains  tax  income  tax  infrastructure  infrastructure  investment  commuting  chronic  stress  child  poverty  poverty  trap  food  poverty  well  being  happiness  index  neoliberalism  neoliberal  Workers  Union  precarious  work  Precariat  working  poor  minimum  wage  tax  credit  education  policy  underbanked  poverty  Sozialer  Abstieg  squeezed  middle  class  corporate  tax  rate  Privatisation  underinvestment  productive  investment  investment  Public  Good  Career  Politicians  short-term  long-term  competitiveness  globalisation  globalization  borderless  flat  world  job  security  Zeitarbeit  Leiharbeit  Zero  Hour  Contract  Contractor  tax  code  lobbyist  lobby  Lobbying  shared  economic  interest  Wall  Street  profit  maximisation  shareholder  value  Mittelstand  SME  SMB  Germany  society  culture  Gesellschaft  babyboomers  Millennials  generationy  bank  social  bail 
september 2015 by asterisk2a
After the Crisis - Mark Blyth - YouTube
>> what if rise of the banks (deregulation, easy credit, global financial markets - arbitrage, and making money with money) fuelled the growth of the last ~25-30 years. // min 47 3 asset bubbles popped // USA - 40% of corporate profits came from 10% of corporate sector (banks) // 30% of MIT grads went to banks instead of real world engineering and manufacturing. // underwater private sector! via credit bubble: student loans (now 1trn and still rising in USA and UK, future disposable income/discretionary spending lower than babyboomers because of wage stagnation, no wage growth) credit cards, mortgages, heloc (home equity line of credit) --- all will have to focus on paying back debt. // 2015 - us student loans 1.25trn - bit.ly/1KJ29uc + auto loans << bubble to eventually pop when collateral is falling! ie stagnant wages for 10 more years. and more and more cant repay their student loans. // 1:12:00 Bubbles move on; dot.com, real estate (property) & commodities, China,
Mark  Blyth  austerity  GFC  recovery  banking  crisis  sovereign  debt  crisis  economic  history  PIIGSFB  bank  bailout  fairness  Generationengerechtigkeit  toobigtofail  too  big  to  jail  too  big  to  bail  TBTF  ECB  NPL  deleveraging  balance  sheet  recession  underwater  credit  bubble  trickle-down  economics  China  2015  2008  dot.com  western  world  secular  stagnation  debt  servitude  student  loan  debt  student  loan  student  debt  generationy  generation  rent  Millennials  disposable  income  discretionary  spending  marginal  propensity  to  consume  Super  Rich  squeezed  middle  class  Sozialer  Abstieg  self-employment  Zero  Hour  Contract  Contractor  underemployed  precarious  work  working  poor  inequality  Gini  coefficient  post-capitalism  crony  capitalism  capitalism  manufactured  consent  Polarisation  Thomas  Piketty  developed  world  income  inequality  propaganda  populism  corporate  state  corporate  media  democracy  Career  Politicians  lobbyist  Lobbying  lobby  deregulation  self-regulation  Workers  Union  wage  stagnation  wage  growth  income  distribution  income  growth  income  mobility  low  income  income  redistribution  stagnation  consumer  debt  debtoverhang  Super  Cycle  debt  bubble  household  debt  private  debt  asset  bubble  reflate  reflation  asset  allocation  distortion  monetary  policy  monetary  stimulus  monetary  monetary 
september 2015 by asterisk2a
Steve Keen on Education - YouTube
economy future relies on innovation. and if you check and monitor to death a system, and add bureaucracy on top of it, and low wages, and being under staffed and being over worked. and crowded, noisy class rooms (unable to spot talent and unable to sponsor). you can't have a prosperous future economy/generation with high social mobility. higher incomes. new industries. // oh and theyve cut research to nothing // oh and the creative digital industry is complaining, and added value industry is complaining about lack of qualified/skilled young workforce. // // UK will lose rest of its heavy industry because of energy prices it can't compete on world wide because it hasn't invested in the Smart Grid, energy storage systems, infrastructure, and renewable energy! Period. Budget2015 they cut all of renewable investment schemes and even had the audacity to put a carbon tax levy on it!
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august 2015 by asterisk2a
Mark Blyth: Austerity - The History of a Dangerous Idea - YouTube
53:00 - EU, UK, USA banking crisis not comparable with Japans eco history. He argues that Japans problems are deeply structural (demographic bubble, culture (savings glut, low propensity of consumption), the state). See book The Evolution of the Modern State & Koos book on Japan 'the holy grail of macroeconomics.' As he explains it, very different 2 EU, UK, USA transfer of banking losses (debt gone sour) onto public gov books via bailout&QE 2 save banking system & the top 30% of society which owns assets. BUT, there is one narrative string that haunts Japan & could haunt EU/UK/USA current living generation; 2 hold back discretionary spending & avoid putting themselves into a debt obligation! This could be underpinned by the Share Economy, econ of abundance, marginal cost & deflation. Minimalism. Anti-consumerism. Not buying a car. Generation Rent not buying a house of flat. Not buying every other year a new TV/Laptop/Phone (despite being commodityish). Who is taking this place?
Mark  Blyth  austerity  Richard  Koo  Japan  lost  generation  lost  decade  cost  of  ownership  savings  rate  debt  servitude  Angst  Millennials  generationy  babyboomers  economic  history  European  Union  UK  USA  recovery  secular  stagnation  deflationary  deflation  balance  sheet  recession  deleveraging  Abenomics  structural  imbalance  Impediments  culture 
august 2015 by asterisk2a
Paul Mason: what they're not telling you about housing - YouTube
- Tories isn't brave enough to stop the one way bet. Electorate preferential to those who actually vote, voted them in and are spared of most of the austerity. babyboomers and pensioners. // add Generation Rent + Student Loan Debt (Bubble) + low interest rate environment to inflate debt away + low yield for savings mean higher principle each year to put in means less discretionary spending + secular stagnation in the western world (Globalisation + Software eats the world) equals wage stagnation equals less spending power and savings power. ... ... it is a Disaster in the making, in-front of our eyes. Only those who inherited will be ok. otherwise, social mobility goes down, inequality up, ... making yourself means making hard choices (ie no kids), and bettering yourself by your own means impossible, when the whole system conspires against you.
social  housing  affordable  housing  London  property  bubble  housing  market  UK  speculative  bubbles  speculative  speculation  hunt  for  yield  ZIRP  NIRP  QE  unintended  consequences  Supply  and  Demand  Generationengerechtigkeit  fairness  generation  rent  policy  folly  Conservative  Party  David  Cameron  Toff  Privileged  Establishment  Makers  policy  error  cost  of  living  standard  of  living  living  standard  living  environment  living  spaces  urbanisation  cost  of  ownership  cost  of  entry  babyboomers  Gesellschaft  inequality  Tories  Career  Politicians  austerity  dogma  ideology  IMF  OECD  Gini  coefficient  economic  history  lost  generation  lost  decade  generationy  Millennials 
august 2015 by asterisk2a
How Millennials Are Paying a High Price As a Result of the 2008 Financial Crash | Better Markets
[ post-GFC ] 56% of 22-year-olds who just graduated ended up in jobs that did not require a degree, categorizing them as “underemployed.” [...] Today’s younger Americans are taking on more student loan debt than any generation before them, delaying major life milestones such as buying a home and starting a family. This debt is also threatening older generations, who need a large and growing workforce paying into social safety net programs such as Medicare and Social Security. [...] Mr. Rattner gets it right in his column when he writes that “starting behind often means never catching up,” since it’s been proven that graduating in a poor economy can have a long-lasting effect on a person’s career. [...] This lost generation faces an uncertain future and the resulting fallout will negatively impact them, their families and the entire U.S. economy for decades to come. // all the while, banker bashing has become a no-go topic in UK. // &! bit.ly/14R1pzk &! bit.ly/1PsHx7C
underemployed  lost  decade  lost  generation  un-college  College  University  UK  USA  job  market  job  creation  labour  market  recovery  2015  GFC  Millennials  inequality  Gini  coefficient  student  loan  debt  student  loan  student  debt  debt  servitude  demographic  bubble  social  mobility  income  mobility  unintended  consequences  long-term  view  long-term  thinking  economic  damage  Europe  austerity  Generationengerechtigkeit  fairness  social  cohesion  social  contract  social  tension  TBTF  too  big  to  jail  bailout  apprenticeships  education  policy  vocational  education  professional  education  skills  gap  skill-biased  technological  change 
august 2015 by asterisk2a
Who Will Pay? Austerity vs. Bailouts | Greece, Europe and The Euro! - YouTube
have to be held accountable >> bankers! but have not, just transfered private debt/losses onto public balance sheet which no has to paid down by the weakest of society and collectively by less public investment for the future (output gap/lower productivity) ie into infrastructure and education // stealing from the young // policy making by comfort and trinkets - George Osborne // moral hazard - the options they choose - paulson geithner summers and co made the tbtf and jail even worse! instead should have chosen partial privatization // sold off our future for keeping the gangsters "private" - get out of jail free card for what reason? because it would be not American? American means to be WALL STREET crony capitalistic greed with tax evasion and lobbying to the tunes of millions - your judge - that judges on you whether you get a free out of jail card?! // who will suffer in the end? the public and the weakest of society and unborn! period. long-term. // &! youtu.be/EmHYeGI0b_U
Grexit  UK  Greece  PIGS  austerity  bailout  crony  capitalism  capitalism  Wall  Street  social  cohesion  social  tension  generational  contract  pension  obligation  Career  Politicians  No  Representation  generationy  Millennials  fairness  TBTF  too  big  to  jail  toobigtofail  economic  model  economic-thought  philosophy  sociology  Gesellschaft  Free  Lunch  Student  Maintenance  Grant  social  mobility  income  mobility  Gini  coefficient  education  policy  Higher  vocational  education  infrastructure  infrastructure  investment  public  interest  public  investment  STEM  productive  investment  productivity  output  gap  greed  Schuldenbremse  Fiscal  Pact  morality  moralhazard  GFC  recovery  lost  decade  lost  generation  short-term  thinking  short-term  view  Failure  American  Dream  sovereign  debt  crisis  democracy  corporate  state  manufactured  consent  populism  propaganda  Lügenpresse  banking  crisis  trust  trustagent  distrust  zombie  banks  PIIGSFB  PIIGS  shadow  banking  financial  repression  financial  literacy  FinancialCrisisResponsibilityFee  FinancialCrisisInquiryCommission  tobin-tax  financialtransactionfee  transactiontax  lobbyist  lobby  Lobbying  poverty  trap  child  poverty  poverty  welfare  state  Services  Services  sustainable  economic  sustai 
july 2015 by asterisk2a
Tom Keene's Excited: Counting the Labor Economy - YouTube
break of a trend of rise in net new job creation // rise in uncounted unemployed - biggest count among them black, latino, mexican, // also unaccounted - how much, what sliver of the 2000s stagnation is self-employment numbers where you just make ends needs just about barely inching towards living wage but far off at your cushy old job with a middle class wage. Picture also highlights that 2000 dot.com recovery was a debt fueled recovery. As well as is the recovery from the GFC. Lay over that graph also GDP and GDP per capita. And S&P500 (w dividends, w revenues of businesses in the S&P500 USA companies US business) That will show. //
21stcentury  2000  labour  market  labour  economics  USA  Western  World  globalisation  Industrial  Revolution  2.0  borderless  competitive  competition  competitiveness  Career  Politicians  short-term  thinking  short-term  view  Wall  Street  contractor  Zero  Hour  Contract  outsourcing  job  creation  Industrial  Revolution  economic  history  Software  Is  Eating  The  World  unemployment  underemployed  workforce  participation  rate  self-employment  employment  structural  unemployment  secular  stagnation  dot.com  recovery  GFC  austerity  IMF  OECD  UK  Europe  Germany  squeezed  middle  class  middle  class  disposable  income  discretionary  spending  economics  of  abundance  marginal  cost  academia  academics  ZIRP  NIRP  QE  debt  monetisation  debt  monetization  bailout  social  cohesion  policy  error  policy  folly  Workers  Union  Millennials  babyboomers  generationy 
may 2015 by asterisk2a
The Student Debt Sentence: The British Election - YouTube
'babyboomers stole their children's future' // professors and Staff on Zeitarbeit, Leiharbeit, Contracts, and Zero Hour Contracts
education  policy  babyboomers  student  loan  debt  austerity  UK  welfare  Public  Services  IMF  OECD  University  College  practical  skills  practical  skill  set  Industrial  Revolution  2.0  book  David  Cameron  Conservative  Party  Millennials  generationy  society  culture  Ivy  League  freespeech  free  speech  LSE  human  progress  social  mobility  income  mobility  Gini  coefficient  liberalism  liberal 
may 2015 by asterisk2a
BBC News - Millennials, not Mumsnet: Younger women and the 2015 election
Radio One DJ Gemma Cairney, 29, said that for many of her generation, politics was a "complete other world", which many could not even get up the energy to feel let down by. Many were in debt - which created a whole new reason not to register to vote. "They are afraid to register because that means the bailiffs know where they live," she said. But what can politicians do to appeal to "millennial" voters? [...] Sexism in the male-dominated corridors of power was highlighted by columnist Ms Gordon. She said she had once been called a "slut" to her face by an MP who went on to become a minister. "You have to sweep that culture out," she said - and using quotas to get more women into Parliament was one way to do it. [...] About 22% of MPs are women - "20% of us is not enough", she said. "I think it's quite damaging for democracy."
No  Representation  voter  turnout  general  election  2015  UK  lost  generation  youth  unemployment  Politics  political  economy  Career  Politicians  Toff  Establishment  Privileged  Policy  Makers  Lobbying  lobbyist  lobby  austerity  public  awareness  public  perception  generationy  babyboomers  Millennials  inequality  gender  inequality  Gini  coefficient  Patriarchy  Democratic  Process  democracy  sexism  Misogynie  misogyny  engagement  friction 
november 2014 by asterisk2a
BBC News - Child poverty set to rise, says social mobility commission
The UK risks becoming a "permanently divided" society unless "radical new approaches" are taken by the next government, a report suggests. [...] Housing costs and youth unemployment needed to be tackled. [...] 'Relative poverty' The existing targets were put in place in 2010 by the last Labour government. Currently, a child is classed as being in relative poverty if his or her family income is less than 60% of median earnings. (Here's an explanation of how the median is worked out.) [...] The House of Commons Scottish Affairs Committee defined absolute poverty as "the lack of sufficient resources with which to keep body and soul together". "[A]bsolute child poverty increased by 300,000 between 2010-11 and 2012-13" and "independent experts expect child poverty to increase significantly over the next few years". It also says that "working poverty after housing costs is rising". 20% of Scottish children and 24% of Welsh children live in absolute poverty.
child  poverty  poverty  food  poverty  Gini  coefficient  income  inequality  income  mobility  social  mobility  downward  mobility  education  policy  Services  Career  Politicians  No  Representation  Toff  Elite  Privileged  youth  unemployment  lost  generation  tax  avoidance  tax  evasion  crony  capitalism  social  cohesion  austerity  IMF  George  Osborne  David  Cameron  working  poor  tax  free  income  squeezed  middle  class  living  wage  babyboomers  generationy  Millennials  parenthood  parenting  childhood  childhood  development  minimum  wage 
october 2014 by asterisk2a
YouTube - Inside Story - Spain in pain
http://www.guardian.co.uk/world/2011/may/21/spain-reveals-pain-cuts-unemployment

Just a week ago the Spanish had seemed stoical about one of the most depressing eras in recent economic history. Despite unemployment hitting 21% – rising to 41% for the young – widespread spending cuts and a socialist government bound to obey the diktats of Germany's chancellor, Angela Merkel, and the financial markets, they had refused to show their pain. Marches, sit-ins or riots were for the French – or British students. The real drama, anyway, was in north Africa. Spaniards stayed at home.
All that changed as demonstrations organised via Facebook and Twitter became static protests in city squares, mushrooming into something that caught politicians, unions and the media by surprise. While journalists were following the dull routine of campaigning for Sunday's municipal and regional elections, the steam was beginning to escape from a pressure cooker of discontent.
spain  2011  youth  unemployment  democracy  generationy  millennials  protest  election  austerity  PIIGS 
may 2011 by asterisk2a
Massendemos: Spanier verbnden sich gegen die alte Macht - SPIEGEL ONLINE - Nachrichten - Politik
Es ist mehr als ein Aufbegehren der Jugend gegen die Perspektivlosigkeit in dem Land, in dem 45 Prozent der 18- bis 25-Jährigen keine Arbeit haben. Der Protest reicht viel tiefer: Die jungen Menschen haben ihr Vertrauen in die Politik verloren, in das System der etablierten Parteien.

Viele tragen hier Aufkleber auf ihren T-Shirts, darauf ihr Name und dazu eine Bezeichnung. "Voluntario" zum Beispiel - "Freiwilliger" -, etwa für Helfer hinter dem Stand mit Getränken. Oder einfach: "Respeto", "Respekt". Die Leute vom "Respeto"-Team sind gefragt, wenn es Meinungsverschiedenheiten auf dem Platz gibt. "Artista", "Respeto", "Voluntario", so haben sie eine erstaunliche Ordnung in das Chaos gebracht, das zwangsläufig entsteht, wenn Zigtausende Menschen auf den Straßen zusammenkommen. Morgens früh wirbeln sie mit Besen über die Puerta del Sol, weil niemand im Müll hocken will.
spain  protest  youth  unemployment  millennials  generationy  2011  politics  corruption  austerity  election  demonstration  chaos  mass 
may 2011 by asterisk2a

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