asterisk2a + underinvestment   298

Millions of families 'worse off' than 15 years ago - BBC News
[ decades of underinvestment across the plane of the economy, infrastructure education skills ] On the "why", research by the Foundation - which was set up to look at the problem of low incomes - reveals that the economy has struggled to create wealth for people in work.
JAM  working  poor  poverty  trap  productivity  output  gap  class  Brexit  skills  education  policy  social  income  mobility  Austerity  downward  UK  recovery  secular  stagnation  stagflation  economic  history  GFC  debt  household  disposable  globalisation  globalization  Competition  competitive  competitiveness  underinvestment  London  child  childhood  Council  public  health 
july 2018 by asterisk2a
Foreign-owned firms up to three times more productive than UK-backed rivals
The ONS said it cannot tell from this data whether the companies are more productive because they have foreign owners, or whether it is simply that foreign investors buy into businesses that are already highly productive.
The gap is smaller - but still substantial - in agricultural, construction, manufacturing and production businesses. Small firms with foreign owners are just over twice as productive as those with British shareholders, while mid-sized firms create 85.7pc more output per hour worked if they have foreign investors.
The study of 2016 data showed a strong link in most industries, although the correlation was less marked in construction.
Brexit  productivity  output  gap  management  UK  economics  ownership  globalisation  globalization  recovery  GFC  underinvestment  Competition  competitive  competitiveness  skills 
july 2018 by asterisk2a
(10204) Are We Destined for a Slow Growth Future? - YouTube
- shortage on the demand side. but demand can't be more leveraged and borrowed. ALL economic indicators point against a thriving of the UK bottom up (from household finances, are stretched thinly) //&! Gross wages lower than 10 years ago! Lost decade of earnings. In real terms people are NOT better off.
https://www.youtube.com/watch?v=0anqgXLvwko
secular  stagnation  Brexit  household  debt  consumer  UK  USA  loan  GFC  recovery  Productivity  output  gap  economic  history  leverage  underinvestment  banking  property  bubble  housing  demographic  immigration  working  poor  poverty  Austerity  Trickle-down  Gesellschaft  DonaldTrump  Donald  Trump  inequality  social  mobility  income  Society  inflation  deflation  deflationary  debtoverhang  debt-servicing  OECD  IMF  ZIRP  NIRP  QE  BOE  Fed  globalisation  globalization  trap  credit  card  creditcard  creditcrunch  student  auto 
july 2018 by asterisk2a
Warnings of 'anger and outrage' if Transpennine electrification axed | UK news | The Guardian
Northern transport bodies have fought for the government to honour its original pledge to deliver full electrification, a project that was at the heart of plans to improve rail links between cities across the north.
UK  Northern  Powerhouse  London  infrastructure  underinvestment  Brexit  Austerity  FDI  Tories  Conservative  Party  Theresa  May  JAM 
july 2018 by asterisk2a
The Guardian view on tidal energy: cost is not the whole story | Editorial | Opinion | The Guardian
Yet the government is planning more nuclear power stations, including one in Wales. Different rules seem to apply for different technologies. It looks like a Tory government in Westminster snubbed Welsh Labour’s pet project.
UK  Tories  renewable  energy  policy  Nuclear  infrastructure  investment  Conservative  Party  underinvestment 
june 2018 by asterisk2a
UK nuclear plans 'risk collapse if Hitachi talks fail' | Environment | The Guardian
UK industrial and economic policy - subsidies for selected few to profit. fleecing the tax payer. -
Paul Dorfman at the Energy Institute at University College London said: “This would mean the hardworking UK taxpayer and energy consumer, who are labouring under ramping austerity, are being asked to stump up for an extraordinarily expensive nuclear plant just at the time that renewable costs are plummeting.”
UK  energy  policy  subsidies  renewable  nuclear  HinkleyPointC  Hinkley  industrial  Brexit  Austerity  underinvestment 
may 2018 by asterisk2a
(112) Renegade Inc. & What to expect in 2018 - YouTube
UK BOE QE trap - the road to normalisation - without counter engagement (productive investment), and further Austerity, tax evasion, inequality, income gap, secular stagnarion, less money to spend for the average joe === very bumpy uncertain ride. ... and add Brexit even more uncertainty. OUCH. real growth for real people not gonna happen. // see also RAWerden Richard Andreas Werner for bank reform (local non-profit et al) // also consumers will hold back. especially w trickle down of bad news. job losses here and there retail inflation wage growth etc. creating a impression of a malaise especially for the 50% who voted remain. and 30% who didnt go vote. // see also news 8or7 out of 10 workers broke/permanently skinned - and consumer debt at 2008 high //
BOE  QE  trap  Richard  Koo  UK  Austerity  productive  investment  underinvestment  productivity  Brexit  Steve  Keen  book  RAWerner  debt  bubble  asset  alternative  WallStreet  GDP  output  gap  uncertainty  2018  business  consumer  confidence  fiscal  policy  NHS  monetary  Carillion  PFI  disposable  income  discretionary  spending  credit  malaise  secular  stagnation  stagflation 
february 2018 by asterisk2a
Capitalism’s Crisis of Stagnation and Austerity
After the 2008-09 financial crisis, the hope was that a combination of economic recovery, inflation and austerity would shrink the debt mountain. This, though, was too optimistic. Growth has been below par, inflation subdued and austerity self-defeating. (“Global debt is the danger: beware the butterfly moment” Financial Times 6 January 2018)
Kapital  Capital  productivity  Austerity  economic  history  secular  stagnation  demand  output  gap  UK  USA  Germany  income  growth  debt  bubble  inflation  service  QE  monetary  fiscal  policy  underinvestment  Exploitation  atomised 
february 2018 by asterisk2a
Network Rail to put new projects on hold - BBC News
Network Rail is to move away from big projects in its next five-year funding period in favour of spending its cash on maintaining its current network.
UK  Austerity  underinvestment  infrastructure  Brexit 
february 2018 by asterisk2a
Homebase owners may close up to 40 stores - BBC News
[first the supermarkets, then everyone else, also UK restaurant trade struggling, especially mid-market! anything above your payday takeout, also housing growth is slowing down thus DIY ] UK retailers are struggling in the face of rising inflation and fragile consumer confidence.

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

Homebase's rival, B&Q, last week said it was cutting 200 jobs at its head office in Hampshire as part of a cost-cutting drive. &! https://www.theguardian.com/business/2018/feb/05/uk-services-sector-growth-falls-hotels-restaurants-brexit - Demand weakens for services such as restaurants and hotels amid ongoing Brexit uncertainty
UK  Brexit  disposable  income  economy  discretionary  spending  growth  wage  Productivity  High  Street  Precariat  working  poor  poverty  trap  social  mobility  pay  rise  inflation  broke  household  debt  credit  card  leverage  recovery  secular  stagnation  history  GFC  Austerity  underinvestment  output  gap  HighStreet  Services  Service 
february 2018 by asterisk2a
Is the property ladder just a myth? | Money | The Guardian
a national ill-guided unfortune (for all in aggregate) bringing obsession. its a bubble. its heavily subsidizes. its political. it suck resources out of the "productive" economy. its a monopoly oligopoly duopoly vested interest industry. no consumer rights. and what is build is sub par compared to europe. UK is known for its bad quality house among EU expats. // The theory is that a couple owning a starter home and considering children could afford to move into a bigger property – but with household income falling, that idea is increasingly unrealistic
UK  housing  crisis  productivity  underinvestment  malvestment  bubble  economic  history  Politics  social  income  mobility  lottery  gini  Coefficient  postcode  parents 
january 2018 by asterisk2a
Budget 2017: Stagnant earnings forecast 'astonishing' - BBC News
real wages in aggregate to continue to stagnate fall eaten up by inflation. Does NOT help serving current debt levels. // The prediction that average UK earnings in 2022 could still be less than in 2008 is "astonishing", according to an independent economic think tank. // 'Adair Turner: neoliberalism not raising all boats'
secular  stagnation  productivity  inflation  Brexit  budget2017  paysqueeze  IFS  ONS  OBR  Philip  Hammond  skill  gap  output  wage  income  growth  disposable  discretionary  spending  debt  BOE  Mark  Carney  underinvestment  ZIRP  NIRP  QE  education  policy  college  GDP  Capitalism  GFC  recovery  neoliberal  neoliberalism  globalisation  globalization 
november 2017 by asterisk2a
UK's low pay culture traps people in poorly paid jobs, study finds | Society | The Guardian
http://www.bbc.co.uk/news/business-41669991 - high tech, low life. // in-work poverty, gini coefficient takes into account pensioners. // “Britain has one of the highest proportions of low-paid work in the developed world. And while three-quarters of low-paid workers did manage to move into higher-paying roles at some point over the past decade, the vast majority couldn’t sustain that progress. This lack of pay progress can have a huge scarring effect on people’s lifetime living standards. [...] “Britain’s flexible workforce gives us global economic advantage but a two-tier labour market is now exacting too high a social price.
OECD  poverty  trap  social  income  mobility  Precariat  class  UK  zero  hour  contracts  part-time  Exploitation  neoliberalism  workers  trade  union  rights  skills  skill  gap  Productivity  output  London  economic  history  recovery  GFC  underinvestment  stagflation  secular  stagnation  Austerity  education  inequality  tax  credit  taxcredit  gini  Coefficient  standard  of  living  Brexit  inflation  disposable  discretionary  spending  debt  household  child  profit  maximisation  competitiveness  IMF 
october 2017 by asterisk2a
Draughty homes targeted in UK climate change masterplan | Environment | The Guardian
“In 2015 the government started hacking and slashing at all manner of green policies. This has stopped, and that’s very welcome,” he said.

Richard Black, the director of the Energy and Climate Intelligence Unit thinktank, echoed that view. He said the strategy showed a “sea change” in “top-line thinking about the low carbon economy”, with Theresa May’s government seeing it as an opportunity rather than a cost as it was viewed under David Cameron.
renewable  energy  policy  UK  Brexit  David  Cameron  George  Osborne  Austerity  underinvestment  Hinkley  Point  C  nuclear  crisis  carbonfootprint  climate  change  global  warming  climatechange  globalwarming  Klimakatastrophe  Climatecatastrophe  carboncapture 
october 2017 by asterisk2a
Millennials spend three times more of income on housing than grandparents | Society | The Guardian
Millennials are spending three times more of their income on housing than their grandparents yet are often living in worse accommodation, says a study launched by former Conservative minister David Willetts that warns of a “housing catastrophe”. [....] They are four times as likely to rent privately than two generations ago, a sector which has the worst record for housing quality, the report claims.
Millennials  UK  housing  crisis  affordable  social  Generation  Rent  Generationengerechtigkeit  babyboomers  baby  boomers  disposable  discretionary  income  Spending  Generationy  GenY  oligopol  oligopoly  Corruption  lobby  vested  interest  bubble  underinvestment  Austerity  debt  revolving  door  asset  distortion  London  Productivity  output  gap  skills  student  loan  GFC  mortgage  risk  recovery  secular  stagnation  lost  lostdecade  decade  history  Margaret  Thatcher 
september 2017 by asterisk2a
Falling unemployment is great for the economy? Try telling cleaners like Irene | Stefan Baskerville | Opinion | The Guardian
While UK unemployment fell by 75,000 in the three months to July, bringing the jobless rate down to 4.3%, these figures disguise a disturbing trend in the British labour market – one of falling wages, rising insecurity and false self-employment. At the New Economics Foundation, we carried out research that shows two in every five people employed in the UK are in “bad jobs” – work that doesn’t provide a secure, living wage.
UK  working  poor  Precariat  Austerity  Self-Employment  zero  hour  contract  part-time  child  credit  tax  insecurity  job  Productivity  underinvestment  skill  gap  disposable  income  discretionary  spending  consumer  debt  household  zero-hour  on-demand  profit  maximisation  living  standard  wage  growth  inflation  secular  stagnation  GFC  recovery  poverty  trap  Deprivation  mental  health  chronic  stress 
september 2017 by asterisk2a
Why you're wrong if you think clamping down on immigration from Europe will help low-paid British workers | The Independent
but the conclusion is clear: our analysis suggest that the negative overall economic impact of reduced migration will far outweigh any modest wage gains for low-paid workers.

If low wages are the problem, ending free movement is not the solution.
Brexit  immigration  productivity  living  standard  output  gap  Austerity  underinvestment 
july 2017 by asterisk2a
Homebuyers desperate to know who really owns their freehold | Money | The Guardian
[ wild wild west ] A pass-the-parcel nightmare sees freeholds sold by major housebuilders to obscure companies which demand huge sums [... eg ] a fee charged without any material services provided [...] All the leaseholders who contacted Guardian Money are united in their frustration at finding out who is really behind the money extracted from them once their freehold is sold on.
Leasehold  freehold  land  value  tax  Housing  Crisis  Generation  Rent  Generationengerechtigkeit  disposable  income  discretionary  spending  exploitation  self-regulation  profit  maximisation  neoliberal  neoliberalism  Capitalism  evasion  avoidance  UK  regulation  regulators  Legal  Aid  LegalAid  underinvestment  Austerity  Eigentum  ownership  offshore  HMRC  corruption 
july 2017 by asterisk2a
Where have all the movers gone? - Council of Mortgage Lenders
It should be known by now that the policy of a home owning democracy supported by London and exploited by London was and is and will be a catastrophe to the productivity and skills of this economy. Because of the misdirected money flows into unproductive houses (capital, asset for retirement, welfare, social mobility of kids). To the contrary of Germany. When policy of capital investment is geared towards poductive investments, assets, capital, skills, expansion, R&D. And where renters have rights! //&! https://twitter.com/resi_analyst/status/880801297208889344 - The housing ladder only worked because of the unique economic conditions of the late 20th century. It's now broken and unlikely to recover. & https://twitter.com/tomhousing/status/881775765033025536 - and houses don't pay taxes (NI, pension pot).
Housing  Crisis  Generationengerechtigkeit  Generation  Rent  mortgage  ZIRP  QE  NIRP  UK  Lobby  Lobbying  Policy  speculation  ROI  underinvestment  malinvestment  productivity  output  gap  skills  economic  history  Brexit  London  shareholder  profit  maximisation 
july 2017 by asterisk2a
(2195) Mark Blyth Telling The US Senate That Austerity Policy Is Wrong - YouTube
Mark Blyth & Makers v Takers & Erbschaft & asset & capital tax // wolfgang schäuble George Osborne David Cameron // >> Growth cures debt, cuts / austerity causes debt!!!
Mark  Blyth  UK  USA  Austerity  taxation  corporate  corporatism  welfare  state  NHS  income  tax  GFC  asset  capital  recovery  underinvestment  secular  stagnation  bond  bubble  economic  history  ZIRP  NIRP  QE  BOE  productivity  budget  Super  Rich  Plutocracy  trickle-down  Oligarchy  1%  10%  profit  maximisation  shareholder  immigration  gini  Coefficient  FX  Forex  confidence  fairy  globalisation  evasion  avoidance  HMRC  bank  bailout  badbank  bad  Schuldenbremse  Fiscal  Pact  David  Cameron  George  Osborne  Wolfgang  Schäuble  Angela  Merkel  PIGS  Policy  IMF  BIS  ECB  Fed 
july 2017 by asterisk2a
Catalogue of safety risks identified at NHS Grampian hospitals | Press and Journal
[backlogs bc of austerity and PFI ] Aberdeen Royal Infirmary has 24 areas of risk, including asbestos, fire safety and legionella – the bacteria that causes legionnaire’s disease – and general health and safety.

It is one of 33 facilities across Scotland, including the north-east’s flagship hospital, that have either significant or high risk maintenance backlogs which need to be addressed.

The figures were released by the Scottish Conservatives yesterday and covered all 14 health boards including NHS Grampian.

Aberdeen’s maternity hospital has 14 issues which have yet to be resolved, which also include legionella, fire safety and general health and safety
PFI  Austerity  NHS  Grampian  Scotland  rationing  infrastructure  underinvestment 
july 2017 by asterisk2a
Yes this really is the end of Tory austerity – because it was never about economics in the first place | The Independent
[private sector will pick up the tap - the households did, but not corporations! bc long-term ROI growth in not attractive in the west w secular stagnation! see Richard Koo ] But it was a very long time coming. It became clear within a year of George Osborne’s 2010 “emergency budget”, which forced through huge cuts in capital budgets and an intense squeeze on Whitehall departments and welfare spending, that the austerity medicine was hurting, not helping.

The economy was flatlining, teetering on the verge of recession. Whether this was primarily due to the crisis in the neighbouring eurozone and a spike in global oil prices or because the negative knock-on impact of the government’s domestic spending cuts was bigger than initially thought is still debated by economists.
Austerity  Brexit  GE2017  Confidence  Fairy  GFC  bank  bailout  welfare  state  living  standard  deficit  debt  government  household  personal  loan  credit  card  creditcard  underinvestment  inequality  economic  history  social  mobility  income  growth  wage  disposable  discretionary  spending  gini  coefficient  tax  evasion  avoidance  taxation  corporate  taxcut  capital  labour  Productivity  output  gap  recovery  secular  stagnation  infrastructure  investment  Privatisation  Theresa  May  George  Osborne  David  Cameron  Ideology  neoliberal  neoliberalism  ZIRP  NIRP  QE  bond  bubble  asset  reflation  housing  distortion  malinvestment  stimulus  Tories  nasty  party  Conservative  RichardKoo  Koo  Richard 
june 2017 by asterisk2a
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
Distortion of financial economy (speculation), underinvestment in real things.
7:33 QE and ZIRP and banks business model, the financialisation of the western economies, is causing underinvestment now for a too long time, in the real economy (companies, R&D, infrastructure, edu, productivity). - https://www.youtube.com/watch?v=ZL31ORGxZPk - TBTF central banks w QE blance sheet unable to unwind it! Loss of faith in politics and the system. (2) credit bubble from consumers that made the recovery w the help of ZIRP QE - zombie consumer zombie companies zombie banks - kept just about alive w QE and ZIRP. america uk worth more on paper due to credit and forex USD £ than their real economy realer wirtschaftswert (3) Argentina example.
ZIRP  NIRP  QE  housing  mortgage  bubble  real  estate  squeezed  middle  class  working  poor  poverty  trap  social  income  mobility  recovery  GFC  central  banks  ECB  BOE  Fed  BOJ  austerity  Schuldenbremse  trickle-down  underinvestment  economic  history  TBTF 
may 2017 by asterisk2a
​Enemies of the state​:​ the 40-year Tory project to shrink public services | Global | The Guardian
book spirit level &! https://www.reddit.com/r/science/comments/6a4agb/new_study_shows_that_the_greater_the_societal/ - New study shows that the greater the societal inequality and instability, the more the groups on top of society tend to support a hierarchy between groups, protecting their own privileged status. (pnas.org)
book  Austerity  NHS  Education  Policy  Privatisation  UK  neoliberalism  inequality  neoliberal  bank  bailout  GFC  recovery  underinvestment  Tories  Conservative  Party  nasty  productivity  working  poor  Precariat  poverty  trap  social  income  mobility  gini  Coefficient  GE2017 
may 2017 by asterisk2a
UK firms struggle to find employees – even before Brexit bites | Money | The Guardian
The signs of rising demand for temporary staff will fan fears about economic insecurity for UK workers as many find themselves struggling to make ends meet because they are on zero-hours contracts or taking work on a self-employed basis with no access to holiday or sick pay. In response to such worries, Theresa May last year commissioned a review of modern employment from Matthew Taylor, the head of the Royal Society of Arts (RSA).

Taylor, the former head of Tony Blair’s policy unit, is due to publish his report in the summer but will provide a flavour of his findings in a speech on Tuesday. At his annual RSA lecture, he will call on policymakers and employers to make all work “good work” – which he defines as “fair and decent, with scope for development and fulfilment”.
working  poor  Precariat  skills  gap  UK  Brexit  poverty  trap  underinvestment  Austerity  apprenticeship  education  policy  Conservative  Party  nasty  Tories  Theresa  May  trickle-down  zero  hour  contract  minimum  wage  contractor  self-employment  platform  capitalism  tax  evasion  avoidance  social  income  mobility 
may 2017 by asterisk2a
The ten graphs which show how Britain became a wholly owned subsidiary of the City of London (and what we can do about it) – New thinking for the British economy
[ uk banks overinvested enabled by political policy into houses and high streets. underinvested in productive capital like R&D companies in general etc ] >> But it doesn’t increase the productive capacity of the economy one iota: a more expensive house doesn’t produce more intelligent children, and a higher share price doesn’t boost a company’s productivity (though it can indirectly boost its capacity to raise funds for investment). [...] Debt-financed asset purchases are thus fundamentally a Ponzi activity: // not just tight housing supply is increasing prices, but also easy credit/debt/mortgage market! // [...] ultimately, there is a limit to just how much debt individuals and corporations can take on – even with low interest rates
UK  ZIRP  NIRP  QE  housing  market  mortgage  household  consumer  debt  disposable  income  servitude  GFC  recovery  wage  growth  Ponzi  asset  capital  Kapital  BOE  credit  card  affordable  social  servicing  default  rate  insolvency  speculation  unintended  consequences  economic  history  consumption  secular  stagnation  Brexit  policy  fiscal  monetary  Mark  Carney  underinvestment  productivity  R&D  Career  Politicians  Margaret  Thatcher 
may 2017 by asterisk2a
(453) James O'Brien (and Incorrigible) solve the housing crisis - YouTube
thatcher banned councils from borrowing money to build council houses/flats. ie w 50, 100 year loans. Councils would be making profit in the end by owning capital. Thatcher didnt like it, banned it. market and private capital knows best how to make profit. governments not allowed to make profits ROI on investment. Now +1bn housing benefit goes to private landlord. and 1/3 of ex council social housing is rented out by private landlords.
UK  Margaret  Thatcher  Privatisation  Social  Housing  affordable  Council  Tories  Conservative  Party  nasty  crisis  profit  maximisation  capitalism  Government  Capital  Kapital  ROI  rent  seeking  rentier  underinvestment  infrastructure  investment  GFC  recovery  immigration  demographic  bubble  England  economic  history  Tony  Blair  Labour  GE2017  Thomas  Piketty  neoliberal  neoliberalism  Brexit 
may 2017 by asterisk2a
UK nuclear plans could be hit by Westinghouse financial crisis | Business | The Guardian
[ putting all eggs in one basket! ] A financial crisis at a major nuclear energy business is threatening to deal a blow to the UK’s atomic energy programme.

Toshiba’s US nuclear subsidiary Westinghouse Electric is believed to be on the brink of filing in the US for bankruptcy protection from creditors. A UK expert said the collapse would leave a considerable hole in Britain’s new nuclear ambitions as Toshiba is a key player behind plans for a new power station at Moorside in Cumbria.
UK  energy  policy  renewable  Austerity  underinvestment  smartgrid  nuclear  power  waste 
march 2017 by asterisk2a
Councils 'face funding gap' to fix roads - BBC News
One in six roads across England and Wales are in such a bad state they must be repaired within the next five years, according to local authorities. Only London comes close to this, with the capital's roads repaired every 23 years on average. The frequency of road surfacing in England is 55 years, while in Wales it is 63 years.
Alan Mackenzie, chairman of the AIA, said the message from the survey was that "highway teams simply do not have enough money to arrest the terminal decline in the condition of our local roads and the network is not resilient enough to meet the challenges ahead".
UK  Austerity  Council  London  infrastructure  investment  underinvestment 
march 2017 by asterisk2a
Here's Why A Slowdown In Earnings For The Top 1% Is A Problem For The UK - BuzzFeed News
“Fifteen years without a pay rise,” IFS director Paul Johnson said. “I’m rather lost for superlatives. This is completely unprecedented.” [...] If the top earners make less, the government brings in less tax revenue; it’s as simple as that. And with Brexit looming, the exchequer needs to raise all the funds it can.
UK  Budget  wage  growth  Austerity  living  standard  income  social  mobility  productivity  output  gap  Philip  Hammond  Theresa  May  George  Osborne  secular  stagnation  inflation  discretionary  disposable  credit  card  creditcard  household  debt  Consumer  Consumerism  consumerist  materialism  Brexit  London  1%  10%  NIC  welfare  state  underinvestment  gini  Coefficient  Tories  nasty  party  Conservative 
march 2017 by asterisk2a
Budget 2017: Asset sales to thank for UK's figures? - BBC News
'we are not paying our way in the world' -- highlight the cheat the Tories are. 1 sale of national assets to lower debt. still horrible trade balance deficit now w even weaker pound. And not mentioned the recovery supported greatly by household debt bubble and mortgage party. GDP per capita, wage growth v inflation, living standard, current account deficit, underinvestment/austerity in edu and health (see imf paper), ... UK becoming a basket case.
Budget  Tories  Conservative  PFI  Assets  George  Osborne  Theresa  May  Manufacturing  underinvestment  Philip  Hammond  London  Services  nasty  party  ZIRP  NIRP  QE  household  debt  consumer  credit  card  creditcard  mortgage  housing  bubble  Productivity  output  gap  skills  STEM  education  policy  Austerity  current  account  deficit  GFC  bank  bailout  GDP  per  capita  IMF  technological  unemployment  David  Cameron  social  mobility  income  wage  growth  downward  gini  Coefficient  child  poverty 
march 2017 by asterisk2a
'Parents have been asked to help clean': how budget cuts are affecting schools | Education | The Guardian
Schools in England face a squeeze in funding. We asked how it was impacting on your school – here are the responses we got [...] We can no longer afford books, pencils or computers. [...] The cuts are stopping me doing my job. They are stopping the students from learning. In a time when we should be looking to develop engaging lessons which teach students valuable life skills, I am using 20-year-old textbooks and the kids are copying information from it. It is depressing. I know what a modern curriculum should look like, I know the lessons I would like to teach. I do not have the resources to do it. Eventually this will encourage me to leave. &! https://www.theguardian.com/education/2017/mar/07/headteachers-write-to-parents-over-school-funding-and-job-cuts
UK  Brexit  Austerity  education  policy  IMF  Tories  Conservative  Party  nasty  underinvestment  NHS  grammar  schools  free  Philip  Hammond  JAM  social  mobility  inequality  poverty  trap  Theresa  May  income  attainment  gap  child  childhood  children  taxation  Generationengerechtigkeit  Triple  Lock  Pension  Privatisation  Academy  PISA  tax  evasion  avoidance  welfare  state  downward 
march 2017 by asterisk2a
Rethink rates now or face retail disaster, shops tell chancellor | Business | The Guardian
https://www.theguardian.com/business/2017/mar/07/food-inflation-doubles-uk-shoppers-feel-pinch [ are there sensible consumers out there, and wait out the next 2 years?!!! reality of Brexit should be by now, has to be digested by consumer, as always the lag indicator of most. FDI and business investement is first, and was first to scale back! ] A report from the British Retail Consortium and KPMG found that the spurt in consumer spending seen in the run-up to Christmas had come to an abrupt halt, with the result that non-food sales are falling for the first time since the economy was flirting with a double-dip recession in November 2011.

Further evidence that consumers are becoming more cautious was provided by the the Society of Motor Manufacturers and Traders, which released figures on Monday showing a drop of more than 4% in private car sales last month.
inflation  Brexit  household  debt  Consumerism  Consumer  credit  card  creditcard  private  discretionary  spending  disposable  income  uncertainty  UK  underinvestment  Austerity  Tories  nasty  party  Conservative  BOE  Mark  Carney  Theresa  May  Philip  Hammond 
march 2017 by asterisk2a
Head teachers take school funding anxieties to Twitter - BBC News
Head teachers and their staff have taken to Twitter to highlight what may have to be axed in schools in England because of budget cuts.
There have been more than 27,000 tweets using the hashtag #whatwouldyoucut since the campaign against the cuts started on Sunday.
The government insists school investment is at a record £40bn.
But the Association of School and College Leaders said this was only because pupil numbers are rising.
It argued that head teachers are having to make tough decisions about which services to cut.
The tweets included photographs of science experiments, school trips, sporting activities and performing arts events.
UK  Austerity  IMF  skills  gap  productivity  output  education  policy  Tories  nasty  party  Conservative  PISA  technological  unemployment  underemployed  underinvestment  underemployment  social  mobility  income  gini  Coefficient  poverty  trap  working  poor  child  taxcredit  tax  credit  neoliberalism  crony  capitalism  bank  bailout  taxation  Theresa  May  JAM  inequality  BAME  discrimination  competitiveness  competitive  Philip  Hammond 
march 2017 by asterisk2a
STEVE KEEN on Private Debt - YouTube
the trick is up for tory austerity soon, when the private debt/household debt bubble bursts. and or the uk economy comes to a standstill. /// London has driven out the real wealth creators - https://www.youtube.com/watch?v=Dyk1t4wEDAE - democracy by houses, bc renters have no rights, &! Money , banks, debt seems not to matter in status quo economics - Prof Steve Keen on Parasitic Banking Sector London School of Economics - https://youtu.be/Kh99jEE18KY GFC recovery is not recovery it is Japanese style stagnation! ex imigration¬!
UK  London  Margaret  Thatcher  private  debt  Consumer  household  mortgage  GFC  recovery  Brexit  discretionary  spending  disposable  income  reflate  reflation  ZIRP  NIRP  QE  Austerity  service  sector  working  poor  squeezed  middle  class  leverage  economic  history  living  standard  wage  growth  mobility  social  inequality  Gini  Coefficient  tax  evasion  avoidance  HMRC  payday  loan  trickle-down  Tories  nasty  party  Conservative  George  Osborne  David  Cameron  JAM  Theresa  May  Philip  Hammond  IMF  OECD  neoliberalism  crony  capitalism  Exploitation  corporatism  Consumerism  materialism  GDP  underinvestment  ROI  BOE  Mark  Carney  Steve  Keen  book 
march 2017 by asterisk2a
Tory spending pledges on police, education and childcare 'at risk' | Politics | The Guardian
[ after 7 years of austerity, no end in sight, debt keeps climbing, no to little investment, ... now you have to break promises from 2010 that there are protected budgets, ... to meet your fucking debt reduction promise ] Conservative promises to protect spending on police, sixth form education and childcare are at risk as Philip Hammond demands £3.5bn in new cuts from his cabinet colleagues, according to an analysis by the IPPR thinktank. The IPPR believes the government will not be able to hit its savings target, even allowing for proposed budget cuts, at the same time as meeting spending promises made by George Osborne when he was chancellor. [...] when the Treasury announced a new new drive for “efficiency savings” earlier this week, the only spending commitments that were reaffirmed were Conservative manifesto pledges to protect the core schools budgets and the NHS; and a subsequent promise to meet the Nato target of spending 2% of GDP on defence. [...] “the police budget could now face a further £250 to £500m in cuts that the public were not aware of”. [ LOTS OF UNINTENDED CONSQUENCES ABOUND, YOU SAVED HERE, BUT COSTS CREATED THERE, KNOCK ON EFFECTS! SHORT AND LONG-TERM! ie skills and social mobility, meaning less taxable income in the future bc stagnant wages & living standards, then you still try meet you debt reduction targets and you start cutting off fingers, hands, foot, ... ]
Brexit  Austerity  UK  George  Osborne  Philip  Hammond  David  Cameron  Theresa  May  IMF  underinvestment  Productivity  economic  history  GFC  bank  bailout  recovery  ZIRP  NIRP  QE  NHS  education  policy  NATO  Police  Council  elderly  care  adult  social  Prison  homelessness  homeless  poverty  drug  abuse  self-medication  coping  mechanism 
march 2017 by asterisk2a
IFS: Growth in UK living standards worst in 60 years | Business | The Guardian
The Institute for Financial Studies is predicting that households will be almost 20% worse off by 2021 - IFS calculations show that average household incomes will be 18% lower in 2021-22 than could have been reasonably expected before the financial crisis in 2007-08 - “One of the biggest drivers of the rise in child poverty is policy choices, which is why it is essential that the prime minister and chancellor use the upcoming budget to put in place measures to stop this happening. An excellent start would be to ensure families can keep more of their earnings under the universal credit.”
IMF  UK  Austerity  OECD  living  standard  George  Osborne  David  Cameron  Philip  Hammond  Theresa  May  GFC  recovery  Tories  nasty  party  bank  bailout  Labour  Ed  Miliband  Jeremy  Corbyn  Conservative  secular  stagnation  disposable  income  discretionary  spending  household  debt  credit  card  mortgage  private  Consumer  Consumerism  wage  growth  inflation  mobility  inequality  gini  Coefficient  poverty  trap  working  poor  gig  economy  zero  hour  contract  Self-Employment  part-time  Precariat  squeezed  middle  class  technological  unemployment  ZIRP  NIRP  QE  trickle-down  neoliberalism  crony  Capitalism  corporatism  tax  evasion  avoidance  GDP  Corporate  profit  maximisation  globalisation  globalization  welfare  underinvestment  child  taxation  taxcredit  UC  DWP  JSA  social  fuel  Brexit  neoconservatism  neoconservatives  JAM 
march 2017 by asterisk2a
Government looks for new spending cuts of up to 6% - BBC News
[ fallacy of Austerity, just Austerity to balance the budget, living off the body, no investment (ROI) to balance future butget by increased tax income. debt does not come down, bc the economy stupid. and imf has backtracked its austerity advice, and latest from imf - investment in health and edu grows economy, got an ROI! ] The Institute for Fiscal Studies has said meeting this target by 2025 would require up to £34bn in further spending cuts and tax rises. &! http://www.bbc.co.uk/news/business-38894023 - To meet his target of eliminating the deficit during the next parliament, which is from 2020 to 2025, Mr Hammond will probably have to find a further £34bn in tax rises and spending cuts, extending austerity.
The report said £17bn of tax rises could be needed to contribute to closing the gap for government between outgoings and income.
UK  Austerity  NHS  STP  rationing  education  policy  Tories  nasty  party  Conservative  Theresa  May  Philip  Hammond  George  Osborne  fiscal  ROI  underinvestment  working  poor  Precariat  self-employment  gig  economy  squeezed  middle  class  Productivity  output  gap  GFC  recovery  bank  bailout  technological  unemployment  zero  hour  contract  DWP  HMRC  tax  evasion  avoidance  public  health  2020 
february 2017 by asterisk2a
'It feels like a wilfully ignored secret': how commentators painted Stoke-on-Trent all wrong | UK news | The Guardian
(career) politician placards and journalists (headline grabbing) can only tell one-line slogan stories. ... for "ordinary people" there is just no space. and they can't make space for them. [...] Not many of these accounts left any room for complexity, nor any recognition of Stoke’s collective push for regeneration and revival, and plenty of local people greeted them with a mixture of anger and anxiety. [ also sold out to professional class, the ascendent as on the other side of the pond ]
Brexit  complexity  DonaldTrump  Donald  Trump  AfD  PEGIDA  economic  history  squeezed  middle  class  working  poor  Precariat  globalisation  globalization  underinvestment  Austerity  Storytelling  GFC  bank  bailout  trickle-down  inequality  social  mobility  structural  unemployment  underemployment  part-time  minimum  wage  living  standard  technological  Career  Politicians  book  Redaktionsschluss  Labour  Tories  Conservative  Party  nasty  NHS  Professional  London  Productivity  Services  Journalism  Journalismus 
february 2017 by asterisk2a
Government spending billions on free schools while existing schools crumble | Education | The Guardian
National Audit Office says £6.7bn is needed to bring current school buildings up to standard while ministers have pledged to build 500 free schools by 2020 //&! The scandal of Edinburgh’s unsafe schools is the last gasp of a discredited model of public finance, forced on us by a tax-avoiding governing class - https://www.theguardian.com/commentisfree/2016/apr/12/edinburgh-schools-pfi-racket-crumbling-scotland-tax-avoiding-governing-class &! https://www.theguardian.com/education/2011/jul/19/300-schools-built-private-finance-scheme
education  policy  Austerity  underinvestment  UK  Tories  PFI  Privatisation  nasty  party  Conservative 
february 2017 by asterisk2a
How the sports industry inspired us to become less active
Sport’s obsession with being “inspirational” is a hindrance to public-health interventions, not a help. We need to be cajoling, entreating, even tricking people into activity. While some will want to go to the “next level” or “just do it ”, others might be quite happy to wander around their own level, or “just about do it”. We need to ask people to dance and invite them to play. It is clear enough from comparable countries such as Finland and Denmark that the precondition for an active and healthy nation is getting more people moving about by walking, cycling and, where conditions allow, skateboarding, skiing and skating. For a fraction of the cost of the HS2 rail link and, I suspect, with much greater social and economic benefits, we could make a significant start on this.
UK  HS2  public  transportation  health  sport  obesity  overweight  sedentary  lifestyle  diet  sick  population  chronic  NHS  Diabetes  CVD  cancer  Jeremy  Hunt  Sugar  Tax  Theresa  May  David  Cameron  George  Osborne  Austerity  infrastructure  underinvestment  Council  discretionary  spending  disposable  income  stress  self-medication  Burnout  coping  mechanism  food  alcohol  tobacco  active 
february 2017 by asterisk2a
Harald Lesch Die Ursache allen Übels Das Geldsystem unbedingt anschauen - YouTube
kein downward trend! Wissenschaftlich wissen wir was passiert und was sache ist, aber Gier und Elite macht nichts. Renewables ist mindestmass, Landwirtschaft die grosse aufgabe!
climatechange  globalwarming  global  warming  climate  change  Landwirtschaft  economic  damage  long-term  Greed  Gier  food  security  national  ZIRP  NIRP  QE  underinvestment  BOE  ECB  Fed  renewable  Carnism  Omnivore  Vegan  monetary  policy  agriculture  Military–industrial  Complex  profit  maximisation  antibiotic  antibiotics  shareholder  value 
february 2017 by asterisk2a
Universities minister announces sale of student loan book | Education | The Guardian
[ corporatists/banks will neg lower price than actual/current value. Bc (1) inflation (2) no-repayments/delayed repayment/default (3) lower repayment rates in future than expected bc of econ. et al. Tories selling gov assets at firesale prices because of its fetish w the deficit caused by the bank bailout. ] But Hillman raised concerns about whether the sale would result in taxpayers getting value for money, saying: “We saw in Gordon Brown’s sale of the government’s gold and also in Vince Cable’s sale of Royal Mail how hard that is to achieve and how controversial it can be if the price paid comes to seem too low.

“Ministers will say the underlying legislation only allows sales that are good value for money, but it takes time to know if that has happened in practice.”
deficit  UK  government  debt  Privatisation  profit  maximisation  financial  services  consumer  student  loan  Tories  budget  Conservative  Party  nasty  George  Osborne  Austerity  underinvestment  asset  David  Cameron  Theresa  May  IMF  economic  history  recovery  Brexit 
february 2017 by asterisk2a
Brex and the City – Brexit podcast | Politics | The Guardian
BREXIT SENDS SIGNAL YOU ARE NOT WELCOME. // Financial Services 70bn for Treasury (Philip Hammond), not including the english law services, (international) consulting, and all the contractors, shops, consumption coming from good salaries. London is biggest exporter, if ther would be no London, trade deficit £ would be twice as big. // http://www.bankofengland.co.uk/pra/Pages/authorisations/passporting/default.aspx
Brexit  London  Philip  Hammond  current  account  deficit  trade  banking  financial  services  passporting  rights  BOE  FSA  regulation  self-regulation  GFC  economic  history  FDI  underinvestment  regulators  bank  bailout 
february 2017 by asterisk2a
Brexit fallout: Jonathan Portes & Ivan Rogers give evidence to parliament - YouTube
[min 15] 15-20 years. "what has happened to training to workers" radical fall-off. Certain industries in UK had free lunch provided by EU. Employer investment and training. currently much more reliant on public edu (higher education & college). Private is saving money, aka profit maximisation.
Brexit  Apprenticeship  UK  training  skills  gap  Productivity  EEA  EU  profit  maximisation  capitalism  Austerity  Education  Policy  Germany  Dualausbildung  University  College  Industrial  underinvestment  underemployed  output  Manufacturing  Innovation  R&D 
february 2017 by asterisk2a
UK faces return to inequality of Thatcher years, says report | Business | The Guardian
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister.

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

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

Bank of England policymaker Michael Saunders said last week that developments in the labour market such as zero-hour contracts and agency working meant wages were unlikely to take off any time soon. [...] [ rise in unsecured credit 2008 levels, and personal bankruptcies not easier (online) to do and 2016 personal bankruptcies were up ~16% ]
UK  Brexit  living  standard  disposable  income  discretionary  spending  wage  growth  GDP  recovery  GFC  inflation  £  British  Pound  Precariat  working  poor  squeezed  middle  class  technological  unemployment  Productivity  output  gap  part-time  zero  hour  contract  Contractor  Self-Employment  gig  economy  1099  economic  history  Austerity  tax  credit  consumer  debt  household  Card  BOE  bankruptcies  bankruptcy  underinvestment 
january 2017 by asterisk2a
The new robot revolution will take the boss's job, not the gardener's | Business | The Guardian
Advances in artificial intelligence mean a second wave of change is approaching – and it is not the low-paid service sector where jobs are most at risk // Studies have shown that technological change rather than trade has been responsible for the vast majority of the jobs lost in manufacturing in the developed world. Put simply, machines have replaced humans. Robots have taken over factories. // https://twitter.com/ianbremmer/status/822930363827757056 20/80 split. - Technology—not int'l trade—accounts for 85% of the lost manufacturing jobs in the US. Feels like it's worth the reminder. &! https://www.theatlantic.com/business/archive/2014/01/the-dark-side-of-globalization-why-seattles-1999-protesters-were-right/282831/
AI  automation  Robotics  self-driving  cars  autonomous  vehicles  squeezed  middle  class  USA  UK  technological  unemployment  UBI  Universal  Basic  Income  Grundeinkommen  economic  history  education  policy  creativity  Richard  David  Precht  Alain  de  Botton  globalisation  globalization  offshore  outsourcing  contractor  contract  zero  hour  part-time  workers  union  trade  rights  Self-Employment  gig  economy  wage  growth  neoliberalism  crony  capitalism  tax  evasion  avoidance  Competition  corporatism  monopoly  oligopol  oligopoly  1%  10%  Super  Rich  Plutocracy  Oligarchy  welfare  state  redistribution  distribution  Precariat  working  poor  downward  mobility  social  poverty  trap  Austerity  underinvestment  underemployed  underemployment 
january 2017 by asterisk2a
ian bremmer on Twitter: "Globally, a 1% increase in public spending, leads to a 2.3% decrease in inequality after 5 years. (IMF)"
Globally, a 1% increase in public spending, leads to a 2.3% decrease in inequality after 5 years. (IMF). [...] It's worthwhile to note that "primary education and healthcare" are cited as the most effective public spending for such an effect - https://www.imf.org/external/np/pp/eng/2014/012314.pdf
UK  Austerity  Education  Policy  NHS  STP  public  health  nasty  party  Conservative  Tories  income  inequality  social  mobility  gini  Coefficient  Poverty  trap  Ofsted  underinvestment  working  poor  Precariat 
january 2017 by asterisk2a
Skills and infrastructure top priority in industrial strategy, say UK firms | Business | The Guardian
The government’s new industrial strategy must focus on improving skills and infrastructure in Britain rather than bailing out struggling large companies, according to a survey of business leaders.

The findings suggest businesses are not in favour of rescue deals such as the government’s proposed support for the steel industry. Theresa May, the prime minister, and Greg Clark, the business, energy and industrial strategy secretary, are expected to unveil an industrial strategy for the UK next week. They will set out the government’s approach to key industries and issues such as infrastructure, skills, regulation and research and development.
Brexit  trade  deal  tariff  corporate  welfare  skills  infrastructure  underinvestment  UK  SmartGrid  Manufacturing  output  gap  Productivity  Theresa  May  Austerity  George  Osborne  Northern  Powerhouse  business  rate  taxation  Apprenticeship 
january 2017 by asterisk2a
UK income inequality: is it any wonder workers are so angry? - YouTube
minute 1:41. Small Business owner claims all woes caused by Austerity, on Europe. Tories (spin doctors) have won. // Edu, transport, health, housing, .
Brexit  Austerity  Protest  Vote  DonaldTrump  Donald  Trump  EEA  immigration  Freedom  of  Movement  inequality  social  mobility  working  poor  poverty  trap  gini  Coefficient  underinvestment  skills  gap 
january 2017 by asterisk2a
Weak UK productivity spurs warnings of living standards squeeze | Business | The Guardian
The north of England and Midlands ranged between 10% and 15% below the UK average. [...] Sluggish productivity growth will intensify the pressure on workers as they face rising living costs, [...] “These are disappointing figures overall, with little sign that the persistent underperformance on productivity is coming to an end. Many organisations will be unable to offer higher wages as a result, meaning significant numbers of workers will feel poorer in 2017 if inflation continues to rise as anticipated,” he said.
UK  Productivity  wage  growth  income  inflation  living  standard  disposable  discretionary  spending  Brexit  working  poor  poverty  squeezed  middle  class  Austerity  underinvestment  export  skills  gap  education  policy 
january 2017 by asterisk2a
Renewables investment in UK will fall 95% over next three years – study | Environment | The Guardian
“This cliff edge needs to be avoided if the UK is to meet its world leading carbon budgets and Paris agreement pledge,” Green Alliance said in its analysis.
UK  Austerity  renewable  energy  green  underinvestment  infrastructure  investment  SmartGrid 
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
Michael Moore joins wide-ranging election talk | MSNBC
Trump spend more money on baseball hats than polls. polls to refine message. // trump refines his message on stage like the sales man he is. // Bernie won Michigan and Wisconsin. // Sanders win 22 states, ppl want change. ppl did not care about lable (socialist). // African American vote in Detroit and Michigan was down! Bc of 8 years of Obama did not trickle down onto Main Street! Pipes in Flint Michigan still not replaced! // DNC leaked debate questions to Hillary // "I was used." Not again. // lots of ppl did not check boxes for president but voted for everything else. happened in all states!!! // Authoritarian and Populist. // Fascism in 20th century will come w TV Show [... 21st w FB Newsfeed ] // Flint vs Manhatten ... dont blame the victim (voting for Trump), Manhatten where are dreams growth jobs and plenty. And journalistic coverage lokal and national! Flint? 90% ppl dont have philosophical luxury (Hillary, Trump, Stein, other) but have to survive and grasp for every straw; Donald J Trump. // America still racial. No post-racial America. // Pollsters live by data and died by data. // Progressives (Bernie alike) have to take over DNC/Democrats to have a chance in 2020!!! // Donald J Trump destroyed both (rigged) parties. // Elizabeth Warren might run 2020 and might be backed by DNC // Why not Tom Hanks. Oprah Winfrey? USA is celebrity-based culture. // Bernie and Trump spoke to same community, but w different answers. //
Donald  Trump  Michael  Moore  presidential  election  2016  Hillary  Clinton  Bernie  Sanders  DonaldTrump  Plutocracy  Elite  1%  10%  20%  Super  Rich  American  Dream  Washington  BarackObama  presidency  USA  recovery  GFC  globalisation  globalization  technological  unemployment  underinvestment  underemployed  underemployment  part-time 
november 2016 by asterisk2a
The trouble with our trains - BBC News
Although Crossrail 1 will provide 10% more capacity for London's squashed commuters, when it opens in 2018 that capacity will soon be gobbled up by the capital's rapidly growing population as it heads towards 10 million by 2030.
There will need to be Crossrail 2 and quite possibly 3; not just High Speed 2, but also an HS-3; further electrification of the network, digital signalling to release more capacity on the track, relief of a multitude of pinch points, vastly more rolling stock… the list goes on.
It's easy to get up to an investment figure well north of £150bn, never mind the cost of operating and maintaining an expanding railway.
UK  Austerity  underinvestment  infrastructure  Productivity  discretionary  spending  public  services  Privatisation 
november 2016 by asterisk2a
James O'Brien vs HS2 - YouTube
econ of agglommeration - will draw more to london than london to north
HS2  infrastructure  investment  underinvestment  UK  competitiveness  competitive  London  Productivity 
october 2016 by asterisk2a
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