asterisk2a + discretionary + carbon   5

Piketty: EU should welcome one million immigrants a year
"The European Union has the capacity to absorb a large flow of migrants, one million per year in terms of inflow net of outflow," he said.
"This is exactly what we had between 2000 and 2010 and this was working in the sense that unemployment was being reduced.
"The problem is - with the austerity policies and with the recession - now we are in a situation where it's very difficult in particular with southern Europe, with the terrible economic situation that we have created there in particular." [...] The population of the EU has only risen by 0.2% a year since 1995, he argues, compared to 1.2% for the world's population over the same period.
According to Eurostat, the official statistical arm of the European Commission, a total of 3.4 million people came to the EU during 2013. Some 2.8 million left, leaving a net immigration figure of around 600,000. [S]low growth [...] exacerbated not just by a lack of immigration but also by austerity policies aimed at reducing public expenditure. [EU in recession 2011 forward]
immigration  migration  refugee  crisis  Integrationspolitik  Sozialpolitik  youth  unemployment  austerity  GFC  secular  stagnation  Richard  Koo  ageing  population  demographic  bubble  social  safety  net  pension  obligation  economic  history  welfare  state  Gini  coefficient  Super  Rich  inequality  social  mobility  income  mobility  plutocracy  oligarchy  Precariat  working  poor  squeezed  middle  class  hartz-iv  Aufstocker  neoliberal  neoliberalism  Soziale  Marktwirtschaft  ALG2  Zeitarbeit  Leiharbeit  Minijob  part-time  employment  Contractor  self-employment  Zero  Hour  Contract  underinvestment  disposable  income  discretionary  spending  Robert  Skidelsky  bank  bailout  Fiscal  Pact  Schuldenbremse  Wolfgang  Schäuble  Angela  Merkel  Leadership  Wall  Street  shareholder  capitalism  crony  capitalism  lobby  No  Representation  Career  Politicians  democracy  European  Union  UK  Elizabeth  Warren  Paul  Krugman  Robert  Reich  Joseph  Stiglitz  carbon  tax  policy  folly  policy  error  right-wing  far-right  Rechtsruck  recovery  nominal  GDP  targeting  inflation  targeting  finite  resources  resource  depletion  GNP  GDP  GDP  measurement  profit  maximisation  profit  shareholder  policy  income  inequality  income 
april 2016 by asterisk2a
UK consumes far less than a decade ago – 'peak stuff' or something else? | Business | The Guardian
From crops to energy and metals, average material consumption fell from 15 tonnes in 2001 to just over 10 tonnes in 2013 [...] UK households have also abandoned buying many resource-intensive goods common in the recent past – such as metal-heavy video recorders and hi-fi systems, vinyl records, CDs and books – as they shift to digital consumption. [...] The figures will spark fresh speculation that Britain and other developed economies have hit ‘peak stuff’, although some critics pour scorn on the quality of the ONS’s environmental accounts. In January, Ikea said the appetite of western consumers for home furnishings had reached its peak and consumption of many familiar goods was at its limit. Household spending on physical goods, including furnishings, clothing, cars and gadgets, decreased between 2002/03 and 2014, [...] Households now spend more on services than physical goods, he said. [...] [ saturation in some markets but we are not living in peak stuff ]
peak  stuff  secular  stagnation  demographic  bubble  zombie  consumer  materialism  status  anxiety  consumerist  consumer  choice  consumerism  sustainability  sustainable  resource  depletion  finite  resources  consumer  debt  marginal  propensity  to  consume  disposable  income  discretionary  spending  household  debt  car  loan  credit  card  debt  student  loan  debt  student  loan  student  debt  StudentLoans  savings  rate  retirement  poverty  in  old  age  poverty  squeezed  middle  class  wage  stagnation  job  creation  low  pay  low  income  Zero  Hour  Contract  Contractor  self-employment  working  poor  precarious  work  Precariat  capitalism  western  world  COP21  carbon  tax  carbonfootprint  carbonemission  sharing  economy  Service  Sector  Jobs  recycling 
february 2016 by asterisk2a
What's holding back the world economy? | Business | The Guardian
[ continued financialisation of economy / faustian pact ] QE and low interest rates have disproportionately created wealth in the financial sector and inflated asset bubbles. It has done little for the real economy. The rules of the market need to be rewritten [...] dominant policies during the post-crisis period – fiscal retrenchment and quantitative easing (QE) by major central banks – have offered little support to stimulate household consumption, investment, and growth. On the contrary, they have tended to make matters worse. In the US, quantitative easing did not boost consumption and investment partly because most of the additional liquidity returned to central banks’ coffers in the form of excess reserves. [...] private investment did not grow [...] [ QE supported only financial sector and zombie banks and corporations, little to nothing went into the real economy for investment in western world ] [ which leads us to say we are still in a banking crisis per se ]
Joseph  Stiglitz  secular  stagnation  reflate  reflation  austerity  QE  ZIRP  NIRP  TARP  TLTRO  LTRO  zombie  banks  zombie  corporations  zombie  consumer  Richard  Koo  consumer  debt  household  debt  car  loan  credit  card  debt  Student  Bubble  loan  debt  disposable  income  discretionary  spending  squeezed  middle  class  Precariat  low  pay  low  income  wage  stagnation  income  growth  USA  UK  Europe  western  world  mortgage  market  NPL  debt  servitude  underinvestment  productive  investment  infrastructure  investment  economic  history  policy  folly  policy  error  corporate  welfare  tax  evasion  tax  avoidance  Gini  coefficient  income  distribution  social  mobility  income  mobility  poverty  trap  inequality  recovery  job  creation  Service  Sector  Jobs  distortion  financial  repression  speculative  bubbles  hunt  for  yield  asset  equity  VIX  volatility  Help  to  Buy  Scheme  monetary  policy  liquidity  trap  fiscal  policy  debtoverhang  deleveraging  balance  sheet  recession  consumer  confidence  business  confidence  business  investment  productivity  output  gap  aggregate  demand  income  redistribution  repo  monetary  transmission  mechanism  monetary  system  financial  market  GFC  banking  crisis  retail  banking  investment  banking  hot-money  Frontier  Markets  emerging  market  BRIC  rent-seeking  rentier  carbon  tax  economic  damage 
february 2016 by asterisk2a
Ford to cut jobs to save $200m in Europe - BBC News
US car giant Ford has announced plans to cut jobs and save $200m (£138m) a year in Europe. The carmaker said it was launching a voluntary redundancy programme and improving manufacturing efficiencies. It also said it would focus on its most profitable models, such as sports utility vehicles (SUVs). Ford Europe returned to profit for the first time in four years in 2015, as the parent group recorded record profits of $10.8bn. This represented a "good first step", said Ford Europe executive vice-president Jim Farley. //&! Volkswagen has said it will cut investment by €1bn ($1.1bn; £750m) a year as a result of the diesel emissions scandal. - bbc.in/1NGGQu0 //&! Ford hat bereits in den vergangenen Jahren die Kosten in Europa gesenkt. Insgesamt drei Werke wurden geschlossen, davon zwei in Großbritannien und eines in Belgien. Auch in Deutschland hatte sich der Konzern mit den Gewerkschaften auf Einsparungen geeinigt. - bit.ly/1KZpz9C
automotive  autoindustry  secular  stagnation  emerging  middle  class  squeezed  middle  class  economic  history  discretionary  spending  disposable  income  Abgas-Affäre  VW  lobbyist  lobby  Lobbying  carbon  tax  COP21  public  transportation  transportation  car  loan  credit  card  credit  card  debt  household  debt  consumer  debt  western  world  emerging  market  BRIC 
february 2016 by asterisk2a

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