asterisk2a + error   451

Pascal Lamy: Gove is 'pie in the sky' on Brexit - BBC Newsnight
Trade w europe may be currently shrinking (eu 'crisis'), but how much negotiation lever do you have as UK vs Europe (one single market/consumer!?) That is what Daniel Hannan does not highlight, the leverage of size to access, in negotiations with other countries. [...] 'trade negotiations are so long because they are so tough' [...] what will the UK have to give up, to gain access to foreign markets for their measly 20% of the whole economy (production, ie also house building, not just export/manufacturing)!? (2015, 80% of UK GDP growth consisted of consumption). Competing with much more competitive industry now! ( ie Cars. Ford's new plant in Mexico/Latin America ...) [...] "You can not exit and keep the benefits while you were in!" //&! >> What kind of trade deal could we get if we left the EU? - youtu.be/Pj9nPncM61M &! youtu.be/r8MiUI2eN6c
Brexit  free  trade  trade  agreement  TTIP  TTP  CETA  NAFTA  FDI  foreign  direct  investment  trade  deficit  current  account  deficit  Manufacturing  industrial  policy  policy  folly  policy  error  energy  policy  Steel  Industry  Steel  Crisis  competition  competitive  competitiveness  competitive  advantage  comparative  advantage  macroeconomic  policy  microeconomic  policy 
april 2016 by asterisk2a
Future of Steel - Ken Clarke & Paul Mason - BBC Newsnight
[TORIES CRISIS: bedroom tax, JSA sanctions killing people, Food Banks, redefining child poverty and fuel poverty, Independent Living Fund closed, Housing Crisis, tax cut defeat in Lords, mental health, NHS strikes, Hinkley Point C, energy prices, London Airport expansion/3rd runway, ESA cut, PIP cut and resignation of IDS, Brexit splitting the Party, shit world economy, can't touch triple-lock pensions, Academy plans, Panama Papers (British Territory: Bahamas, Cayman & Co).] Now - Tories are victims to their own policy of underinvestment since 2010 of a future-proof economy "long-term predictability" [BREXIT & austerity not predictable]. Energy prices too high, not competitive. Manufacturing never recovered. Monetary policy has run its course (sedative + Chinas credit bubble). policy folly now wholly exposed! AND now they tinker with the idea of picking winners! LOL! nationalising or part-nationalising through guarantees or subsidies on energy price. & youtu.be/QJw24Z-cEoQ
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april 2016 by asterisk2a
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
Sustainability or Prosperity? Why Not Both? | PolicyCast
describes the rapidly growing field of sustainability science, which combines a variety of disciplines in both the hard and social sciences to find paths towards a sustainable future. //&! Book Pursuing Sustainability: A Guide to the Science and Practice – (2016) by Pamela Matson, William C. Clark, Krister Andersson. //&! http://www.hks.harvard.edu/news-events/publications/insight/international/william-clark &! https://scholar.google.co.uk/citations?user=LkLCmQwAAAAJ&hl=en &! http://earthsky.org/human-world/william-c-clark-defines-sustainable-development &! Jeffrey Sachs - Global Cooperation and Sustainable Development - youtu.be/cRWtRh3yLI0 &! "Common Wealth: Economics for a Crowded Planet." - youtu.be/n3kzzVP2c7w &! Jeffrey Sachs: "The Price of Civilization" - youtu.be/_G6SYmQ0swg - profoundly underestimated globalization's long-term effects: jobs, incomes, poverty, and the environment.
sustainability  sustainable  macroeconomic  policy  microeconomic  policy  underinvestment  public  health  global  warming  economic  damage  GDP  Generationengerechtigkeit  fairness  extreme  weather  weather  extreme  unknown  unknowns  unintended  consequences  crony  capitalism  shareholder  capitalism  Wall  Street  No  Representation  Career  Politicians  air  pollution  water  pollution  noise  pollution  pollution  mass  extinction  ecological  damage  environmental  damage  livestock  farming  industrial  agriculture  policy  folly  short-term  thinking  short-termism  short-term  view  social  value  policy  error  ecological  footprint  carbonfootprint  deforestation  soil  erosion  climate  change  climate  crisis  book  society  Wertegesellschaft  Wegwerfgesellschaft  Jeffrey  Sachs  Movement  environmental  disaster  environment  environmentalism  resource  depletion  finite  resources  Pesticides  fungicide  herbicide  colony  collapse  disorder  Great  Pacific  Garbage  Patch  Great  Barrier  Reef  drought  Ozone  politician  Fossil  fuel  industry  Food  Politics  carbon  tax  COP21  planning  law  building  code  renewable  energy  energy  policy 
april 2016 by asterisk2a
Budget 2016 shows Osborne's failure on debt, surplus, GDP
// higher in-work poverty
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march 2016 by asterisk2a
Iain Duncan Smith resigns: Why? What next? - BBC Newsnight
youtu.be/e2XyYgkYNFE - Resignation stuck a knife into George Osborne. // working age on the bottom of the pile bore the burden of austerity. [...] weakness of labour party could mean Conservative will be in power for a long time. [...] this is big shot of Tory-out vs Tory-in. They wanted Osborne to fail. // tax credits, Google Tax Deal, ESA, PIP/DLA, .... //&! Iain Duncan Smith First interview since his shock resignation - youtu.be/hr5-WbzevyM &! youtu.be/ntKf3HtVNxs - lower gov income (income tax receipts and corp tax) pushed things ahead. No 10 ran DWP ... // Marr Show papers: IDS's resignation and budget shambles (20 Mar 16) - youtu.be/ZkNOxXZW9Kw //&! Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight - youtu.be/L0TBTbfNgCw //&! Iain Duncan Smith Resignation Nothing To Do With EU - youtu.be/MJr2WmVtV1c &! youtu.be/_nAHvGZYkfY &! youtu.be/kvmOPZ0wP3o &! youtu.be/Hu_pnQBITPI
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march 2016 by asterisk2a
Pensions stance creates budgetary mayhem
Disability benefits: they are forecast to increase by £2bn over the next five years. Could do something there. Sickness benefits: they are predicted to rise by about £1bn. Might be able to save some of that. But what's this? It's rising by £15bn over the coming five years. That's the one. Off our Martian goes to see the chancellor. "What are pensions?" she asks. That is the problem the government is struggling with. Its political refusal to touch pensions, or pensioner benefits, has in a stroke protected the single biggest cost in the welfare budget. And the cost that is rising the most. [ AND ADD INTO THE SAME BUCKET THE NHS and PUBLIC HEALTH BUDGET! ] Welcome to your new job, Stephen Crabb.
DWP  Iain  Duncan  Smith  pension  obligation  Tories  Conservative  Party  Party  Funding  constituency  austerity  budget2016  budget2015  babyboomers  PIP  DLA  ESA  general  election  2015  general  election  2020  election  campaign  promises  George  Osborne  David  Cameron  Stephen  Crabb  Generationengerechtigkeit  fairness  aggregate  demand  secular  stagnation  OAP  demographic  bubble  ageing  population  NHS  public  health  health  care  budget  health  care  cost  health  care  spending  sick  population  health  crisis  Universal  Credit  Richard  Koo  Schuldenbremse  dogma  ideology  Fiscal  Pact  European  Union  trickle-down  economics  free  market  neoliberal  neoliberalism  policy  folly  policy  error  welfare  reform  welfare  state  social  safety  net 
march 2016 by asterisk2a
Disability benefits U-turn leaves Cameron with £4.4bn to find
David Cameron has been forced to concede that a £4.4bn black hole created by the U-turn over disability benefits will not be filled by further cuts to welfare as he fought to shore up his credibility following the shock resignation of Iain Duncan Smith. The spending climbdown was announced on Monday by Stephen Crabb, the new work and pensions secretary, an hour after Cameron addressed the political crisis engulfing the Conservative party by offering his support to George Osborne and praise for the work of Duncan Smith. [...] but the Treasury clarified the remarks by stressing that there were no plans to fill the £4.4bn gap caused by dropping PIP reforms with further cuts in welfare spending. &! bbc.in/1S10VIg
budget2016  austerity  PIP  DLA  ESA  DWP  welfare  reform  welfare  state  Iain  Duncan  Smith  social  safety  net  poverty  trap  poverty  child  poverty  George  Osborne  David  Cameron  Stephen  Crabb  PR  positioning  spin  doctor  Tories  Westminster  Brexit  Boris  Johnson  Constituency  Party  Funding  general  election  2020  general  election  2015  Manifesto  fairness  Generationengerechtigkeit  babyboomers  dogma  ideology  trickle-down  economics  Free  Market  aggregate  demand  policy  folly  policy  error  Disabled  vulnerable  NHS  mental  health 
march 2016 by asterisk2a
Work and Pensions Secretary Iain Duncan Smith QUITS Cabinet with vicious swipe at George Osborne over shambolic disability benefit cut U-turn Read more: http://www.dailymail.co.uk/news/article-3499499/Work-Pensions-Secretary-Iain-Duncan-Smith-QUITS-Cabin
[ we are all in this together ] [IDS PIP cuts] 'not defensible' alongside the tax breaks for the wealthy in this week's Budget. [...] He branded slash in benefits for the disabled as being 'indefensible.' IDS hit out at Osborne for lack of awareness and for letting the welfare system be 'salami-sliced' [...] 'I am unable to watch passively whilst certain policies are enacted in order to meet the fiscal self-imposed restraints that I believe are more and more perceived as distinctly political rather than in the national economic interest,' he wrote. The former Tory leader and standard-bearer for the Eurosceptic Right of the party admitted he wanted to cut benefits enjoyed by wealthy pensioners, but these plans were blocked by the Chancellor and the Prime Minister. [...] Mr Duncan Smith believed the Chancellor was too sly and devious in the way he went about balancing the nation’s books. [ Osborne wanted also to increase VAT Solar Panels ]
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march 2016 by asterisk2a
Five ways to power the UK that are far better than Hinkley Point
These alternatives to the troubled planned nuclear plant will be faster to build and cheaper for energy consumers, say experts
Amber  Rudd  George  Osborne  David  Cameron  Tories  neoliberal  neoliberalism  Fossil  fuel  industry  fuel  energy  policy  energy  price  subsidies  subsidizing  carbon  tax  COP21  nuclear  waste  Hinkley  Point  C  competitiveness  industrial  policy  policy  folly  short-termism  white  elephant  policy  error  austerity  nasty  party  lobby  Career  Politicians  energy  storage  Smart  Grid  underinvestment  UK 
march 2016 by asterisk2a
Hinkley Point C nuclear deal contains £22bn 'poison pill' for taxpayer
[ strike price guarantee over current energy price and fine if it is closed before 2060 ] Public left with huge liability for a government closure of power plant before 2060 under UK’s agreement with EDF
Hinkley  Point  C  renewable  energy  policy  error  policy  folly  George  Osborne  Amber  Rudd  Tories  Conservative  Party  COP21  nuclear  power  nuclear  waste 
march 2016 by asterisk2a
Tax rise risk from George Osborne's 'inflexible' budget target - BBC News
[ sounds great as headline, but economically and historically bullshit ] The Institute for Fiscal Studies (IFS) said that Mr Osborne's pledge to run a budget surplus "in normal times" from 2019-20 was simple but would require a "precarious balancing act".
The result could be "big tax rises or spending cuts with very little notice", the IFS concluded. [...] "The rule has the merit of simplicity and transparency but is very inflexible and this could come at a cost," the IFS said. [...] "How he responds to any further unpleasant fiscal surprises may, more than anything we have seen so far, come to define his period as chancellor," said Paul Johnson, director of the IFS.
Schuldenbremse  Fiscal  Pact  austerity  budget2016  policy  error  policy  folly  aggregate  demand  Richard  Koo  IFS  George  Osborne  Career  Politicians 
march 2016 by asterisk2a
Budget 2016: Osborne's economic fitness regime - BBC News
[2015] 80% OF ECONOMY CONSUMER SPENDING! - The economy has enjoyed what Andrew Goodwin of Oxford Economics describes as a "sugar rush" -the equivalent of a big tax cut - or 'fiscal stimulus' - through lower petrol prices. The economy grew by 2.2% last year; 80% of that growth was down to consumer spending. "That [growth] strikes us as some distance below par given the tailwinds we have had," Mr Goodwin says. And after the sugar rush comes the sugar crash: growth is likely to be revised down in the years to come because of global economic weakness.
budget2016  budget2015  George  Osborne  policy  folly  policy  error  zombie  consumer  consumer  debt  household  debt  credit  card  debt  car  loan  student  debt  ZIRP  NIRP  QE  mortgage  rates  mortgage  market  property  bubble  Oil  price  commodity  prices  aggregate  demand  distortion  underinvestment  IFS  OBR  income  tax  receipts  HMRC  job  creation  Service  Sector  Jobs  working  poor  low  income  low  pay  squeezed  middle  class  Consumerism  Industrial 
march 2016 by asterisk2a
Climate change deal: 'Zero carbon' laws promised by government - BBC News
Under current law, emissions must be cut by 80% by 2050 - but ministers have said this does not go far enough. Following the climate deal in Paris, it is clear the UK must not increase CO2 at all because the warming threat is so severe, they added. No details of the law change have been given - and critics said the UK was failing to meet even current targets. [...] However, many in the energy sector will be baffled by what they see as a schizophrenic attitude to climate change from the government. While pledging their allegiance to very demanding CO2 cuts, ministers have made a slew of policy changes that are predicted to increase emissions. [...] government has failed to secure any new nuclear stations, scrapped a competition for carbon capture and threatened cuts in the offshore wind budget unless costs radically fall. [& turned back on] onshore wind and large scale solar energy
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march 2016 by asterisk2a
Not enough doctors for 7-day NHS, says Royal College head - BBC News
There are not enough doctors to run a seven-day NHS in England, according to a leading doctor.
In a speech on Tuesday, Royal College of Physicians president Prof Jane Dacre will warn ministers the issue must be addressed if their policy is to work.
She will highlight research that shows vacant posts are not being filled and gaps in rotas are being seen.
It comes as ministers are locked in a dispute with junior doctors over their plans for improving weekend care.
Jeremy  Hunt  NHS  staff  shortage  austerity  locum  staff  staff  morale  NHS  England  budget2010  budget2015  Manifesto  sick  population  health  crisis  demographic  bubble  premature  ageing  babyboomers  Tories  constituency  GP  A&E  cancer  heart  disease  obesity  diabetes  general  election  2015  election  campaign  promises  David  Cameron  OAP  George  Osborne  elderly  care  adult  social  care  Council  Public  Services  Services  nasty  party  policy  folly  policy  error  Junior  Doctors 
march 2016 by asterisk2a
Expect more teenage pregnancies and STIs as public health cuts kick in | Public Leaders Network | The Guardian
[ cut public health budget (prevention & intervention) by +200m ] Slicing money out of local prevention services is ‘economically nonsensical’, completely undermining the pledge to pump billions into the NHS [...] 77% [of councils] said they expected obesity interventions to be cut [...] total spend on STIs by 2020 could top £6bn. [...] Every £1 spent on contraception saves £11 in healthcare costs. Cuts to sexual health sector are economically nonsensical [ TORIES SET NHS UP TO FAIL! Simon Stevens is being ser-up to fail! ] //&! King's Fund analysis - bit.ly/1DsQcFS //&! bit.ly/1TTUVFP - short-termism. with cuts to prevention, and no new prevention initiatives ie sugar tax and processed food tax and meat tax (burger king and co), health coaches at gp surgeries ... 5 year nhs budget targets will be overrun massively by 2020. Simon Stevens is asked to resign before 2020 election.
public  health  public  health  policy  prevention  intervention  teenage  pregnancy  budget2015  NHS  health  care  budget  health  care  spending  sick  population  health  crisis  tobacco  STI  STD  GP  LGBT  mental  health  Council  Services  Social  Services  child  protection  deprivation  post  code  lottery  health  inequality  ROI  obesity  diabetes  smoking  sedentary  lifestyle  alcohol  abuse  food  abuse  substance  abuse  addiction  Iain  Duncan  Smith  Jeremy  Hunt  George  Osborne  underinvestment  austerity  dogma  ideology  Tories  Conservative  Party  nasty  David  Cameron  Westminster  Whitehall  Toff  Privileged  Establishment  Simon  Stevens  short-termism  general  election  2020  Sugar  Tax  Politics  food  industry  processed  food  food  engineering  Chain  fast  food  Desert  junk  food  food  poverty  CQC  demographic  bubble  ageing  population  diet-related  disease  chronic  diseases  obesity  epidemic  childhood  obesity  cancer  heart  disease  budget2010  Privatisation  policy  folly  policy  error  Big  Sugar 
march 2016 by asterisk2a
Sturgeon's council tax changes do not go far enough, say critics | Politics | The Guardian
[ don't make a ruckus, sail through the election easier, thus not announce even a reform for next parliament ... ] Councils complain they are wrestling with £350m in cuts and laying off up to 15,000 staff after their overall budgets were cut by 3.5% last month. Investigations by the Guardian have established that councils have amassed record levels of debt and extra liabilities, with borrowing equal to £6,200 for each household – twice the level held by English councils. Debt and private finance liabilities cost councils £1.5bn a year. [...] [ not reforming a 25 year old system, based in prices from 1991! ]
Holyrood  council  tax  taxation  SNP  Nicola  Sturgeon  austerity  Fiscal  Framework  Scotland  Bill  The  Smith  Comission  Devolution  policy  folly  policy  error  short-termism  Career  Politicians 
march 2016 by asterisk2a
Central bankers on the defensive as weird policy becomes even weirder | Business | The Guardian
Growth is tepid, productivity is poor, and inflation is too low: all is not going according to policymakers’ masterplans [...] As far as the OECD is concerned, monetary policy is being forced to take too much of the strain. Its chief economist Catherine Mann made the point that lasting recovery required three things: stimulative monetary policy; activist fiscal policy; and structural reform. The OECD wants the second of these ingredients to be added to the recipe in the form of increased spending on public infrastructure, something it says would more than pay for itself at a time when governments can borrow so cheaply.
monetary  policy  G20  fiscal  policy  monetary  stimulus  monetary  system  monetary  transmission  mechanism  liquidity  trap  UK  western  world  USA  Japan  Abenomics  George  Osborne  Angela  Merkel  Wolfgang  Schäuble  Pact  Schuldenbremse  economic  history  recovery  secular  stagnation  productivity  underinvestment  MarioDraghi  ZIRP  NIRP  QE  ECB  BOE  Fed  Taper  deflationary  deflation  nominal  GDP  targeting  inflation  targeting  zombie  banks  MervynKing  zombie  corporations  zombie  consumer  Richard  Koo  Gini  coefficient  inequality  squeezed  middle  class  wage  stagnation  discretionary  spending  distortion  property  bubble  disposable  income  productive  investment  austerity  business  confidence  foreign  direct  investment  consumer  debt  household  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  policy  folly  policy  error  short-termism  Career  Politicians  neoliberalism  neoliberal  trickle-down  economics  self-regulation  City  of  London  investment  banking  retail  banking  OECD  IMF  KennethRogoff  hot-money  hunt  for  yield  asset  bubble  asset  allocation  speculative  bubbles  speculative  speculation  reflate  reflation  financial  repression  New  Normal  trust 
march 2016 by asterisk2a
Britain heading for power cuts next winter, say 60 local authorities | Business | The Guardian
bit.ly/1TOwjhT &! A group representing 60 local authorities has warned that recent closures of large power stations have left Britain heading for power cuts next winter, despite assurances to the contrary from the government. [...] National Grid needed to act immediately to fill the supply gap by sending out new contracts for at least 2,500 megawatts (MW) of additional generating capacity – enough to power 2.5m homes. The alliance wants ministers to reconsider the level of carbon taxes, saying this is one of the key reasons why so many coal-fired power stations are being shut down early. [...] In recent years, coal, nuclear and gas-fired plants have been shut because of low prices, high operating costs or old age. Windfarms have been erected and new nuclear facilities promised but energy companies say gas plants cannot be built without higher subsidies. //&! bit.ly/1MpvhlE - UK doesn not meet 15% of EU renewables target, but cuts subsidies for renewables, duh! &! bit.ly/1sL8Kty
carbon  tax  renewable  energy  Smart  Grid  energy  storage  energy  price  energy  policy  energy  security  UK  competitiveness  austerity  solar  energy  wind  energy  subsidies  subsidizing  corporate  welfare  fossil  fuel  Petroleum  Industry  gas  power  industrial  policy  policy  folly  policy  error  underinvestment  George  Osborne  Amber  Rudd  David  Cameron  Tories  short-termism  Hinkley  Point  C  nuclear  power  nuclear  waste  nasty  party  Generationengerechtigkeit  fairness  babyboomers  dogma  ideology  trickle-down  economics  free  market  neoliberalism  neoliberal  coal  power 
february 2016 by asterisk2a
Meet the teachers, charity workers, NHS staff and scientists Theresa May wants to kick out of Britain | Home News | News | The Independent
In April, new immigration laws will see tens of thousands of skilled workers deported from the UK [...] The Government has responded to a petition urging it to scrap a new £35,000 pay threshold on non-EU workers, calling it a “modest” contribution to cut net migration to Britain. Yet the Government’s own analysis estimates the measure will cost up to £575 million to the taxpayer in the first year alone, and it has sparked a public outcry from the tens of thousands of people set to be affected. [...] employers have had since April 2011 to prepare. //&! From stop35k.org/#!blank/c1enr - "Tier 2 General Skilled Workers who do not make £35,000 salary or who have been in the UK for 6 years, will need to leave or be deported. The Home Office estimates this will cost taxpayers between £181million and £575million" [...] Other proposed legislation is to prevent people from EEA to work here if they do not earn 30k/y or more.
immigration  migration  UK  tax  credit  housing  benefit  Theresa  May  George  Osborne  David  Cameron  UKIP  general  election  2015  election  campaign  promises  Manifesto  Tories  Conservative  Party  nasty  constituency  babyboomers  demographic  bubble  ageing  population  NHS  austerity  neoliberalism  neoliberal  neoconservatism  neoconservatives  free  market  double  standard  policy  folly  policy  error  Career  Politicians  No  Representation  general  election  2010  Schengen  Agreement  European  Union  EEA  work  visa  Home  Office  DWP  Iain  Duncan  Smith 
february 2016 by asterisk2a
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich - SPIEGEL ONLINE
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich [...] Ein Beispiel: Wenn das Bruttosozialprodukt eines Landes 10 Milliarden Euro beträgt und um eine Milliarde Euro wächst, dann entspricht das einer Steigerung von zehn Prozent. Wenn das BIP aber 1000 Milliarden Euro beträgt, dann müsste die Wirtschaft schon um 100 Milliarden Euro wachsen, um ein Wachstum von zehn Prozent zu schaffen. Wächst das BIP wie vorher um eine Milliarde Euro, entspricht das nur noch einer Steigerung von 0,1 Prozent. Die Wirtschaft wäre dann sozusagen ausgewachsen. Die alten Zeiten kehren nicht mehr zurück [...] Sollten die Ökonomen recht haben, hätte das für Staat und Sozialsysteme einschneidende Folgen: Die Planung von Bundeshaushalt oder Rentenkasse geht von einem Wachstum irgendwo zwischen ein und zwei Prozent pro Jahr aus. [...] Die Wirtschaft "unabhängiger vom Wachstum gestalten"
G20  George  Osborne  UK  austerity  Europe  Schuldenbremse  Fiscal  Pact  Germany  Wolfgang  Schäuble  Angela  Merkel  secular  stagnation  Richard  Koo  aggregate  demand  budget  deficit  economic  history  finite  resources  resource  depletion  economic  growth  global  economy  policy  monetary  policy  policy  error  policy  folly  Japan  Abenomics  demographic  bubble  ageing  population  AI  artificial  intelligence  Robotics  self-driving  cars  autonomous  car  structural  unemployment  unemployment  long-term  unemployment  youth  unemployment  productivity  output  gap  squeezed  middle  class  Precariat  working  poor  low  pay  low  income  precarious  work  Zero  Hour  Contract  Contractor  underinvestment  marginal  cost  competitiveness  energy  policy  energy  price  flat  world  borderless  globalization  globalisation  economics  of  abundance  post-capitalism  Larry  Summers  Gini  coefficient  inequality  Super  Rich  1%  plutocracy  oligarchy  democracy  social  democracy  Soziale  Marktwirtschaft  trickle-down  economics  dogma  ideology  free  market  self-regulation  neoliberalism  neoliberal  education  policy  income  inequality  GDP  nominal  GDP  targeting  inflation  targeting  liquidity  trap  credit  bubble  distortion  ZIRP  NIRP  QE  USA 
february 2016 by asterisk2a
Thousands told their pension savings could be at risk - BBC News
[ fees ] It follows fears that dozens of companies providing auto enrolment pensions are too small to survive. The BBC has also uncovered evidence that employers and workers are being deliberately misled by some providers. The government said it was aware of the issue, and was planning to take action. Independent experts claim the problem could affect up to a quarter of a million people a year who are putting their savings into so-called master trust pensions. Such schemes are popular with the 1.8 million small employers with fewer than 30 staff who are currently signing up under the auto enrolment programme. "There is a risk of these schemes falling over; there is a risk that members might lose their money," said Andrew Warwick Thompson, executive director for regulatory policy at the Pensions Regulator. However, he said scheme assets invested through asset managers regulated by the Financial Conduct Authority (FCA) would be safe. This will be "the vast majority of cases", he said.
Tories  Privatisation  self-regulation  regulation  speculation  speculative  retirement  401k  pension  scheme  pension  obligation  pension  fund  public  pension  George  Osborne  David  Cameron  DWP  Iain  Duncan  Smith  Toff  Privileged  Establishment  Whitehall  Westminster  No  Representation  Career  Politicians  dogma  ideology  microeconomic  policy  labour  market  Conservative  Party  nasty  secular  stagnation  Generationengerechtigkeit  Wall  Street  profit  maximisation  shareholder  value  Millennials  generationy  generationx  babyboomers  City  of  London  GFC  oversight  Bank  FCA  Greed  regulators  trust  free  market  neoliberalism  neoliberal  policy  error  policy  folly  HMRC 
february 2016 by asterisk2a
Brexit fears in readers' words: 'Will I be deported after 40 years?' | Politics | The Guardian
2.3m in Britain and 2m in EEA. //&! bit.ly/1RXTc2f - 'I don't want to be in no man's land': the 'Brexit Brits' seeking second passports. Across Europe British expats fear that if the UK leaves the European Union the lives they have built up abroad could be destroyed
Brexit  No  Representation  Tories  nasty  party  Conservative  Career  Politicians  policy  folly  policy  error  Whitehall  Westminster  David  Cameron  George  Osborne  Boris  Johnson  Theresa  May  Iain  Duncan  Smith  DWP  immigration  migration  European  Union 
february 2016 by asterisk2a
'Absurd' visa rules on income force UK citizens into exile, court told | UK news | The Guardian
UK citizens are being forced into exile by the Home Office’s “irrational and absurd” minimum-income visa requirements, with some couples having no hope of ever being able to live together in Britain, the supreme court has heard. UK nationals must earn more than £18,600 to bring over a non-EU spouse, rising to £22,400 if they have a child who does not have British citizenship, and by an additional £2,400 for each subsequent child. Seven supreme court justices including the court’s deputy president, Lady Hale, will decide after a three-day hearing whether the rules contravene article 8 of the European convention on human rights, covering respect for private and family life. [...] the law barred up to 47% of the working British population from living with a non-EU spouse in their home country. [ if you are working poor, you do not add to white society! ] ... for families to be self-sufficient,
Tories  Conservative  Party  nasty  immigration  migration  NHS  staff  shortage  general  election  2015  election  campaign  promises  Manifesto  UKIP  David  Cameron  George  Osborne  policy  folly  policy  error  squeezed  middle  class  No  Representation  Westminster  Whitehall  Toff  Privileged  Establishment  Theresa  May  Iain  Duncan  Smith  human  rights  discrimination  working  poor  wage  stagnation  secular  stagnation  low  pay  low  income  tax  credit  DWP  austerity  income  growth 
february 2016 by asterisk2a
This Letting Agent Admits The Housing Shortage Is Good News For Landlords - BuzzFeed News
[ Lord Adair Turner book & Richard Koo; banks tend 2 lend 2 property & land rather than productivity/businesses. risk averse, if the family cant pay the mortgage any more, than at least u have not lost all the money! less risky! Its also partly rentier behaviour of banks. // also BOE has to be concerned about future disposable income; rent & utilities eating up 50%-75% of income thus less for consumption! ] “Landlords’ balance sheets are looking healthier than at any point since 2014, and property investors are looking at an excellent rate of return from their portfolios.” Gill warned that changes to stamp duty announced in chancellor George Osborne’s Autumn Statement and due to take effect on 1 April – people selling buy-to-let investments will pay an extra 3% – were bad news for landlords. But overall, the “consistent and developing lack of housing for across all tenures, for a spiralling population” meant the level of demand for rental properties would not reduce, he said.
property  bubble  speculative  bubbles  asset  bubble  asset  allocation  macroprudential  policy  Generationengerechtigkeit  generation  rent  Housing  Crisis  social  affordable  distortion  ZIRP  NIRP  QE  aggregate  demand  Right  to  Buy  Buy-to-Let  Help  to  Buy  Scheme  Help  to  Save  policy  folly  policy  error  consumer  debt  household  debt  budget  deficit  recovery  mortgage  market  credit  bubble  GFC  bank  bailout  BOE  zombie  banks  rentier  rent-seeking  Richard  Koo  underinvestment  productive  investment  infrastructure  investment  zombie  consumer  industrial  policy  economic  history  Mark  Carney  financial  repression  behavioral  finance  behavioral  economics  herding  herd  hunt  for  yield  leverage  margin  trading  equity  bubble  Gini  coefficient  disposable  income  discretionary  spending  VAR  CDO  CDS  risk  aversion  squeezed  middle  class  secular  stagnation  inequality  UK  generational  contract  lost  generation  constituency  Tories  Conservative  Party  nasty  David  Cameron  George  Osborne  general  election  2015  general  election  2020  fiscal  policy  austerity  monetary  policy  liquidity  trap 
february 2016 by asterisk2a
Dispatches - Low Pay Britain - All 4
living wage starts from 21? 25? // retail big! high street big! - service sector. no manufacturing ... // IT IS CORPORATE SUBSIDY - PROGRAM FOR LOW PAY! // very far from Germay model! // tax payer pays for people in high street! // Ofsted found inadequate conditions! AND SMALL MINORITY GET ACTUALLY A FULL-TIME JOB! LOL LOL LOL! // Social Market Foundation (research) found lvl2 apprenticeship adds nothing to purse over a lifetime. // its DWP policy to get young people off the paper onto other paper largely, still funded, by the gov - still adding to budget deficit. // Ofsted concerned over apprenticeships "wasting public funds" // WHAT A TORY SPIN! // retail places have shot up, and construction plummeted! the latter is harder or put through training providers ( private companies, PRIVATISATION! ). employers are not in charge. to quote one employee of a training provider "meet targets, get money in" its about the # of apprenticeships, not the quality or economic need/industry. //
apprenticeships  exploitation  Workers  Union  Trade  Union  working  poor  Generationengerechtigkeit  fairness  precarious  work  Precariat  self-regulation  minimum  wage  living  wage  low  pay  low  income  welfare  state  social  safety  net  working  tax  credit  tax  credit  housing  benefit  Iain  Duncan  Smith  DWP  spin  doctor  Positioning  Career  Politicians  No  Representation  Service  Sector  Jobs  job  creation  youth  unemployment  policy  folly  policy  error  education  policy  PR  David  Cameron  George  Osborne  industrial  policy  STEM  Manufacturing  microeconomic  policy  macroeconomic  policy  recovery  GFC  disposable  income  discretionary  spending  corporate  scandal  corporate  welfare  subsidies  subsidizing  budget  deficit  Fachkräftemangel  trickle-down  economics  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  Ofsted  skills  gap  budget2015  free  market  Privatisation  dogma  ideology 
february 2016 by asterisk2a
Germany train crash: Human error to blame, says prosecutor - BBC News
Human error by a train controller was to blame for a crash in Bavaria, Germany, last week that killed 11 people, prosecutors said. Dozens more were injured after two commuter trains collided on a single-track stretch of railway. An area controller opened the track to the two trains and tried to warn the drivers, according to the prosecutors. The man, a 39-year-old, is likely to be charged with involuntary manslaughter and could face five years in jail. "If he had complied with the rules... there would have been no collision," said Chief Prosecutor Wolfgang Giese.
human  error  public  transportation  AI  artificial  intelligence  augmented  intelligence 
february 2016 by asterisk2a
Number of childminders in England falls by 10,000 in five years | Money | The Guardian
[ single parents ... // privatisation works only if you have people that have to money to spend on private child care, duh! ] The number of childminders in England has plummeted by 10,000 in the past five years, putting pressure on childcare places and raising costs for working parents, according to figures obtained by Labour. As a result of the drop in numbers, Labour says, there are now 23,000 fewer childcare places provided by childminders in England, and costs for places have risen by 27% since 2010. In a further blow, the Tories’ flagship childminder agencies scheme, intended to be a “one-stop shop” aimed at simplifying childcare for parents and getting more childminders into the profession, has failed to get off the ground. Figures in Ofsted’s annual report show that just five agencies are registered with Ofsted, and to date none have childminders signed up with them. [...] [ potential childminders have to self-fund education ]
child  care  policy  folly  austerity  policy  error  education  policy  income  mobility  social  mobility  Gini  coefficient  Privatisation  welfare  state  social  safety  net  Ofsted 
february 2016 by asterisk2a
Help-to-buy loan scheme nets Treasury £213m in paper profit | Money | The Guardian
[ gov is not co-owner of private property! Make away with Nurse Bursaries and other gov support for education. But support the property price! by keeping supply always lower than demand. and use policy to increase demand w subsidies! where to put their savings! & subsidy for builders ] Rising house prices across much of England mean a government scheme to help buyers of newbuild property may have made more than £200m for the Treasury in its first two-and-a-half years. The help-to-buy equity loan scheme gives buyers an interest-free loan for five years in return for a percentage stake in their property. When the home is sold, the buyer returns the same percentage of the sale price, meaning that any fall or rise in house prices affects the return. Analysis by property firm Hometrack and shared with the Guardian suggests that a surge in house prices in some areas means the total value of homes bought through the scheme since its launch in April 2013 has increased by more than £1bn.
property  bubble  UK  speculative  bubbles  Housing  Crisis  affordable  social  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let  Help  to  Save  budget  deficit  austerity  constituency  Party  Funding  babyboomers  BOE  macroprudential  policy  mortgage  market  ZIRP  NIRP  QE  hunt  for  yield  distortion  financial  repression  household  debt  consumer  debt  credit  card  debt  Generationengerechtigkeit  generation  rent  fairness  asset  bubble  asset  allocation  NPL  subprime  Payday  Loans  car  loan  student  debt  student  loan  debt  student  loan  Tories  fiscal  policy  monetary  policy  policy  error  policy  folly  Conservative  Party  nasty  short-termism  voter  turnout  disenfranchise  disenfranchised  David  Cameron  George  Osborne  underinvestment  infrastructure  investment  productive  investment  recovery  Richard  Koo  balance  sheet  recession  deleveraging  debtoverhang  zombie  consumer  zombie  banks  zombie  corporations  secular  stagnation  Privatisation  trickle-down  economics  dogma  ideology  GFC  bank  bailout  subsidies  subsidizing  corporate  welfare 
february 2016 by asterisk2a
Jeremy Hunt makes the wrong diagnosis - Jason Beattie - Mirror Online
Jeremy Hunt claims the new terms are necessary if the government is to deliver its ambition of a 7-day NHS. But there is a deeper issue of why Mr Hunt is pressing ahead with these reforms when there is a the far bigger crisis facing the health service - the dire state of social care. To put it another way: why is the Health Secretary trying to build an extension when the main house is in danger of collapsing? In the last parliament the Coalition government cut social care by more than £3billion despite warnings it would put unsustainable pressure on the NHS as elderly patients require treatment which could have been prevented if they had been cared for at home. The NHS is now suffering from the consequences of those cuts.
NHS  policy  error  austerity  Council  elderly  care  adult  social  care  Jeremy  Hunt  David  Cameron  George  Osborne  babyboomers  demographic  bubble  premature  ageing  ageing  population  general  election  2015  budget2015  budget2010  election  campaign  promises  Manifesto  Junior  Doctors  A&E  GP  CQC  bed  blocking  sick  population  health  crisis  public  health  policy  public  health  health  care  budget  health  care  spending  diet-related  disease  chronic  diseases  vulnerable  Disabled  disability  Services  Services  welfare  state  social  safety  net  DWP  Iain  Duncan  Smith  fairness  bank  bailout  tax  avoidance  tax  evasion 
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
If we want to solve the housing crisis, we must answer these three questions | Paul Mason | Opinion | The Guardian
[ prices have to stay afloat by any means, or conservatives are out for the next decade or two as they have done nothing to balance two sides. they continued to inflate the bubble further. proclaiming uk as home owning nation. ] If you then dramatically slash the supply of social housing, through right-to-buy and reduced council building, you create a permanent imbalance that turns home ownership into a form of asset investment. What you get then is boom and bust. And the only way to cure the bust is for the government to greet every collapse in market prices with effective state subsidies for home ownership. This, in turn, induces a speculative frenzy of one way bets – on development, on buy to let, on off-plan investment buying from abroad.
Housing  Crisis  social  affordable  property  bubble  Starter  Home  speculative  bubbles  distortion  macroprudential  policy  BOE  Buy  to  Rent  Help  to  Buy  Scheme  policy  error  policy  folly  subsidies  subsidizing  short-termism  opportunist  Opportunism  Career  Politicians  George  Osborne  David  Cameron  Mark  Carney  mortgage  market 
february 2016 by asterisk2a
Masters in Business: Nobel-Prize Economist Paul Krugman (Audio) by Bloomberg View
// most times conviction is lacking, trapped in the bubble, no non-conformity, too much of a comfortable life. // 28:30! Confidence Fairy >> austerity from 2010! vested interest plays big role! Policy Makers are on the side of credit, on bond holders. bond holders don't like inflationary period! ... Hyperinflation will come any day! // 31:00 econ needs to be reformulated in class rooms to be much broader subject! << see robert shiller interview! ie behaviour, sociology and psychology, irrational behaviour // 44:15 on keynes! was no left wing socialist, he tried to save capitalism! he had world changing analysis! sometimes there can not be enough demand, same with sometimes it is good to have waste vs nothing, pointless ways to spend money can have a positive effect. ie infrastructure investment - repaving roads = less private repair bills! public transportation = less drunk driving accidents. history shows fiscal stimulus gets always too early withdrawn from deficit hawks!
economic  history  GFC  Paul  Krugman  Thomas  Piketty  inequality  Gini  coefficient  income  inequality  social  mobility  income  mobility  paulkrugman  repo  bankrun  speculative  bubbles  subprime  Generationengerechtigkeit  Policy  Makers  constituency  George  Osborne  austerity  error  folly  credit  bubble  secular  stagnation  debt  servitude  Super  Cycle  Japan  Abenomics  fiscal  monetary  Richard  Koo  KennethRogoff  USA  UK  European  Union  lost  decade  lost  generation  Robert  Shiller  robertshiller  book  miltonfriedman  friedmann  JohnMaynardKeynes  keynes  Keynesianism  budget  deficit  GeorgeOsborne  fiscal  stimulus  GordonBrown  underinvestment  recovery  productivity  output  gap  liquidity  trap  ZIRP  NIRP  QE  infrastructure  investment  Richardkoo  public  investment  productive  investment  business  investment  short-termism  neoliberalism  neoliberal  Privatisation  trickle-down  economics  Super  Rich  1%  oligarchy  plutocracy  social  democracy  corporate  welfare  subsidies  subsidizing 
february 2016 by asterisk2a
The lights are going out for solar energy
Back in December, when most people were focussed on Christmas and not renewable subsidies, the government quietly published their decision to cut Feed-in Tariffs for industries such as solar, wind and hydropower by a staggering 65 per cent. Included in the small print was analysis which showed a possible 19,000 job losses, mostly in solar, which would see that industry shrink to under half its size. [...] Instead the government is thinking short-term, and our economy will suffer. For a party that wants people to think of it as economically competent, this is an incredibly bad move.
energy  price  energy  policy  renewable  energy  Amber  Rudd  George  Osborne  David  Cameron  short-termism  trickle-down  economics  carbon  tax  fossil  fuel  nuclear  power  carbonfootprint  carbon  trading  scheme  carbonemission  COP21  competitive  competitiveness  industrial  policy  Steel  Industry  Aberdeen  subsidies  subsidizing  corporate  welfare  Makers  Career  Politicians  constituency  policy  folly  policy  error  Opportunism  opportunist  Party  Funding  Oil  price  commodity  prices 
february 2016 by asterisk2a
The penny rise is a taxing problem - BBC News
scottish labour doesn't get it. proposing 1% income tax increase on all earners. which is not progressive.
Labour  Party  progressive  tax  code  tax  free  income  austerity  Public  Services  Social  Services  Council  Kezia  Dugdale  policy  error  policy  folly  Fiscal  Framework  The  Smith  Comission  Scotland  Bill  Westminster  policy  Holyrood 
february 2016 by asterisk2a
A day in court showed me the misery of Britain’s housing policy | Polly Toynbee | Opinion | The Guardian
The housing crisis they inherited has worsened as rents rise, but David Cameron and George Osborne’s cuts to social housing are a bizarre response: the housing and planning bill going through parliament marks the end of the social housing era. Not by accident but by deliberate policy, 88,000 council homes to rent will be lost, says the Conservative-controlled Local Government Association. Labour says the total will be 180,000 by 2020. Money is sucked out of social housing into the Treasury, as the 1% rent cut saves on the housing benefit bill by stealing funds due to pay for new social homes. Half of all renters get some housing benefit, with the continuous rise in rents. Cutting that support simply propels more into homelessness.
poverty  trap  poverty  social  housing  affordable  housing  Crisis  UK  DWP  Universal  Credit  Council  Starter  Homes  David  Cameron  precarious  work  Precariat  working  poor  Zero  Hour  Contract  Contractor  part-time  nasty  party  trickle-down  economics  neoliberalism  neoliberal  Privatisation  post  code  lottery  Gini  coefficient  income  mobility  social  mobility  inequality  Generationengerechtigkeit  fairness  generation  rent  George  Osborne  budget  deficit  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  corporate  tax  rate  general  election  2015  election  campaign  promises  Manifesto  austerity  policy  folly  policy  error  dogma  ideology  constituency  fearmongering  Fear  manufactured  consent  PR  spin  doctor  Positioning  Tories  Conservative  tax  Westminster  Toff  Privileged  Establishment  child  poverty  education  policy  job  security  insecurity  uncertainty  well  being  mental  health  Depression  health  inequality  food  poverty  budget2015 
february 2016 by asterisk2a
Long hours, endless admin and angry parents – why schools just can’t get the teachers | Education | The Guardian
British schools are reporting a classroom crisis, with thousands of disaffected teachers leaving the profession, and new graduates discouraged from training because of the daily stress and grind. And with the number of state school pupils set to rise by a million by 2022, the problem is only getting worse [...] If somebody had said, ‘You can have 60 grand a year to stay,’ I would still have said no // Education secretary Nicky Morgan. // [...] Some of the factors behind stories like these are traceable to the New Labour years, but many are rooted in Michael Gove’s hyperactive four-year reign as education secretary. They go from never-ending paperwork, to a constantly changing regime of exams and assessments. Meanwhile, the prospect of a visit from Ofsted and the possibility of a bad inspection are a constant source of stress – not least because a “requires improvement” or the dread “inadequate” rating will mean even more upheaval. [ top down non-professional insight/exp burokratie ]
education  policy  UK  austerity  post  code  lottery  Generationengerechtigkeit  fairness  Tories  Conservative  Party  nasty  No  Representation  Westminster  Toff  Establishment  Privileged  policy  folly  policy  error  dogma  ideology  short-termism  NHS  staff  morale  Gini  coefficient  social  mobility  income  mobility  inequality  Sozialpolitik  Integrationspolitik  tax  evasion  tax  avoidance  Party  Funding  constituency  general  election  2015  election  campaign  promises  Manifesto  general  election  2010  budget  deficit  George  Osborne  David  Cameron  poverty  poverty  trap  child  poverty  burokratie 
february 2016 by asterisk2a
Adam Posen: What Japan and the UK Demonstrate about Macroeconomic Stimulus - YouTube
Confidence Fairy - Paul Krugman. (sov debt crisis) only applicable if you don't have a central bank. like Greece. that can do QE as much as you need to stabilise monetary system. ie stop deleveraging, only serving debt. meaning deflation. // different QE, diversity. shift risk appetite to more riskier debt. ... // fiscal activism can't overcome austerity ... // UK has it work because it doesn't have the manufacturing base. but its population is growing, not shrinking. but job creation - multiplier to economy is 1 or lower because of mostly service sector job creation which lot need to access welfare state through tax credits. // min 11. Gordon Brown and Alistair Darling did lots right! GPB depreciation. budget deficit growth. But imports stayed high!!! current account deficit and trade deficit. Austerity undermines growth and BOE policy! cut you future and investment (4-1 ration). UK got no credibility bonus from bond vigilantes, no FDI inflows.
Abenomics  economic  history  secular  stagnation  UK  austerity  Japan  BOE  BOJ  Mark  Carney  deflationary  deflation  demographic  bubble  ageing  population  migration  immigration  Sozialpolitik  Integrationspolitik  Paul  Krugman  JGB  ZIRP  NIRP  QE  liquidity  trap  balance  sheet  recession  Richard  Koo  deleveraging  ECB  TLTRO  LTRO  debt  monetisation  debt  monetization  monetary  policy  monetary  transmission  mechanism  monetary  stimulus  monetary  theory  unconventional  monetary  policy  monetary  system  financial  repression  distortion  speculative  bubbles  creditrating  creditrisk  junk  bond  NPL  credit  bubble  recovery  George  Osborne  Fiscal  Pact  Schuldenbremse  Super  Cycle  sovereign  debt  crisis  debtoverhang  currency-war  currency  debasement  currency  war  current  account  deficit  trade  deficit  IMF  OBR  foreign  direct  investment  Conservative  Party  nasty  fairness  Generationengerechtigkeit  policy  folly  policy  error 
january 2016 by asterisk2a
SPERI Annual Lecture 2015: 'The Failure of Austerity' by Lord Robert Skidelsky - YouTube
economic history - "state spending inherently unproductive." // borrowing is deferred taxation - David Richardo - Rational expectations. Market economy always tended full employment. // Theory and Facts did not align. Keynes realised it post-war. Private investment is inherently volatile, ie slump conditions. state to offset underinvestment of private sector and match their retreat. getting rid of abnormal unemployment. done through monetary expansion (QE) and put onto state balance sheet available to spend. // Where 2009 forward QE got to banks ... // Paul Krugman - Confidence Fairy. // "Look after employment, and the budget will look after itself." but today it's the bond holders confidence who shapes budgets. // Keynes 'it is the long-term confidence of businesses that shape investment, confidence in state to no let a slump happen again.' but austerity, out of ammo talk, political-, social environment/sentiment & Osborne's '2016 will be tough year' speech were counter-productive.
austerity  economic  history  Robert  Skidelsky  Richard  Koo  David  Ricardo  sovereign  debt  crisis  underinvestment  productive  investment  competitiveness  competitive  public  utility  public  investment  education  policy  public  transportation  Good  infrastructure  investment  QE  monetary  policy  fiscal  policy  George  Osborne  trickle-down  economics  tax  code  progressive  taxation  oligarchy  plutocracy  Super  Rich  1%  neoliberalism  neoliberal  Chicago  School  stagflation  secular  stagnation  Pact  business  cycle  business  confidence  consumer  confidence  Schuldenbremse  western  world  Paul  Krugman  political  folly  political  theory  political  economy  political  error  macroprudential  policy  macroeconomic  policy  microeconomic  policy  financial  cycle  Greed  economic  cycle  inflation  expectation  expectations  Super  debt  servitude  GFC  recovery  Conservative  Party  fearmongering  Fear  Career  Politicians  nasty  David  Cameron  PR  spin  doctor 
january 2016 by asterisk2a
Cameron: Labour doesn’t believe in home ownership – video | Society | The Guardian
home ownership is the only wealth item in privates balance sheet. but as we know from history, dont base ur wealth on one asset. particular houses. houses/flats are there to be lived in. & maybe move out & into a new one, moving city for new or better job. property should not be prioritised as singular wealth storage // USA promoted home ownership // Tories policy is helping people save, and buy, keeping the house prices going up an up and up. // &! Complete Privatisation of housing market; Ministers want to get rid of social housing, former civil service chief to say. Lord Kerslake to say housing bill will force councils to sell off more than 100,000 homes to subsidise right-to-buy discounts - bit.ly/1Qr1FKr - The former head of the civil service will accuse government ministers this week of trying to phase out social housing altogether in favour of a new generation of “starter” homes that will be unaffordable for people on low incomes. //&! bit.ly/20lvGOp Privatisation a disaster
nasty  party  policy  folly  policy  error  Makers  generation  rent  Tories  Conservative  mortgage  market  property  bubble  Housing  Crisis  household  debt  consumer  debt  credit  card  debt  zombie  consumer  subprime  cost  of  living  standard  of  living  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let  Help-to-Save  macroprudential  policy  wealth  distribution  wealth  management  austerity  neoliberalism  neoliberal  social  affordable  Privatisation  budget  deficit  Council  Public  Services  Services  David  Cameron  George  Osborne  budget2015 
january 2016 by asterisk2a
UK and Scottish governments 'must back creative industries' - BBC News
ground work yes, but not picking industries nor companies! may make sense for career politicians term time. but not long-term. never paid. never paid to pick companies - vs - laying the fundamentals for industries to grow. ie infrastructure, training, competitiveness (ie energy price), but no competition on corporate tax rate ... // UK relied on the City, banking - New Labour was financed by corporate tax rate coming from the city during the heydays. // gov can not play invisible hand. it's called invisible hand for a reason.
corporate  welfare  subsidies  subsidizing  lobbyist  lobby  Lobbying  policy  folly  policy  error  Makers  Career  Politicians  No  Representation  democracy  tax  evasion  tax  avoidance  corporate  tax  rate  austerity  bank  bailout  London  UK  USA  economic  history  self-regulation  regulation  oversight  Workers  Union  Trade  Union  tax  credit  regulators  deregulation 
january 2016 by asterisk2a
Gordon Brown - Where Did It All Go Wrong ? - YouTube
Crash Gordon ( The Financial Crisis) - youtu.be/NL8A2fi3ols - the city generated 1/4 of all corporation tax income at its height! the city as a cash cow, that money was being redistributed into public & social services during the heyday. public spending increased from 40% of GDP to 48 (supported by the city cash cow). & the illusion 2 have a grip on boom & bust. convinced by 10 years of non-inflationary growth of the economy (thinking that labour made it). // BOE gov king was more concerned with the moral hazard of bailing out bad players (northern rock at this time) than with financial stability. northern rock was taken into public ownership under gordon brown. // 3 of the 5 largest banks in the world are British banks & each of them has a balance sheet larger than the uk economy. we are talking 5 times the British economy being the responsibility of the British tax payer. // & leading up to that infamous G20 meeting mervynking said there is no fiscal space 4 expansion
GordonBrown  GFC  bank  bailout  Labour  Party  economic  history  political  economy  political  error  political  theory  UK  NorthernRock  Career  Politicians  MervynKing  BOE  FSA  Positioning  Tories  Conservative  Party  George  Osborne  Vince  Cable  austerity  fiscal  policy  fiscal  stimulus  monetary  policy  monetary  theory  G20  tax  evasion  tax  avoidance  expense  scandal  Westminster 
january 2016 by asterisk2a
Top judge says justice system is now unaffordable to most | Law | The Guardian
[ the budget a excel spreadsheet in No 10, with grades @ the end what upsets donors & what upsets the minimum of potential voters - is Career Politicans calculated approach. & shifting a public item off the balance sheet onto the private balance sheet! again! the debt is still there! & what does Tory gov support? Home Buyers! ] Civil justice is unaffordable for most people, more people are being forced to represent themselves, and judges – whose pensions have been cut – feel under-appreciated, according to the lord chief justice. [...] “Our system of justice has become unaffordable to most,” Thomas said in the introduction to his report. “In consequence there has been a considerable increase of litigants in person for whom our current court system is not really designed. //&! Court fees jeopardise Magna Carta principles, says lord chief justice. Mandatory court charges of up to £1,200 put justice beyond reach of majority, says Lord Thomas - bit.ly/1ZXfhAE &! bbc.in/1RmyLMD
injustice  inequality  economic  justice  System  justice  austerity  Tories  nasty  party  Conservative  George  Osborne  David  Cameron  Westminster  No  Representation  Career  Politicians  Toff  Privileged  Establishment  democracy  social  democracy  lobbyist  lobby  Lobbying  GFC  white-collar  crime  bank  bailout  Gini  coefficient  revolving  door  Funding  constituency  babyboomers  working  poor  Precariat  tax  credit  budget2015  fairness  Generationengerechtigkeit  political  economy  political  theory  policy  folly  policy  error  household  debt  private  debt  budget  deficit  public  sentiment  Help  to  Buy  Scheme  Right  to  Buy  property  bubble 
january 2016 by asterisk2a
A knighthood for Lynton Crosby: government under fire for political honours | UK news | The Guardian
The government has been accused of turning the honours system into an “old boy’s club” after Lynton Crosby, the political strategist who ran the Conservatives’ 2015 election campaign, was awarded a knighthood. [...] “The main thing he is known for is introducing the concept of aggressive negative campaigning, or as Boris Johnson described it: ‘the dead cat strategy’ >> !!! >> [which involves distracting the public from a politically difficult issue by creating shocking news]. << !!! << Hardly worthy of honouring in this way if at all,” said McDonnell. He said Crosby’s knighthood would make the public think the titles perpetuate “an old boy’s club”. [...] His uncompromising tactics have appalled some of his opponents, with former Liberal Democrat business secretary Vince Cable once referring to him as “an Australian rottweiler”. [...] “getting a reward for services to the Tory party rather than services to the country”. [& got] close links to the tobacco industry.
Career  Politicians  Monarchy  House  of  Lords  UK  Establishment  Toff  Privileged  meritocracy  meritocratic  Gini  coefficient  inequality  social  mobility  income  mobility  austerity  Tories  Conservative  Party  nasty  general  election  2015  election  campaign  promises  PR  spin  doctor  manufactured  consent  David  Cameron  George  Osborne  DWP  immigration  Iain  Duncan  Smith  Jeremy  Hunt  NHS  political  theory  political  folly  political  economy  political  error  short-termism  Opportunism  opportunist  lobbyist  lobby  Lobbying  revolving  door  Policy  Makers 
december 2015 by asterisk2a
Blood pressure drugs rethink urged - BBC News
[ pushing more meds to prevent. LOL. with the side effects and possible death, from medication side effects/medical complications, is ~4th leading cause of death. ] More lives could be saved if doctors considered giving blood pressure drugs to all patients at high risk of heart disease - even if their blood pressures are normal, a study suggests.
high  blood  pressure  heart  disease  atherosclerosis  stroke  aneurysm  thrombosis  pharmaceutical  industry  pharma  big  pharma  prevention  intervention  Standard  American  Diet  Dietary  Fiber  cholesterol  Western  pattern  diet-related  disease  chronic  diseases  chronic  low-grade  inflammation  inflammation  coronary  artery  disease  Cardiovascular  disease  vascular  disease  NHS  health  care  budget  health  care  spending  sick  population  health  crisis  health  care  lobbyist  lobby  Lobbying  policy  folly  policy  error  public  safety  public  sentiment  public  awareness  public  perception  nanny  state  Nudge  theory  Makers  revolving  door  Wall  Street  profit  maximisation  shareholder  value  capitalism  crony  capitalism  interest  groups  vested  interest 
december 2015 by asterisk2a
Minimum alcohol pricing plan 'may breach EU law' - BBC News
[MPU] legislation is significantly to restrict the market, and this might be avoided by the introduction of a tax measure designed to increase the price of alcohol instead of a measure imposing a minimum price per unit of alcohol." [...] /// Instead it says increasing the tax on alcohol tax could be justified as it would combat alcohol misuse and wouldn't restrict the market. /// [...] Alison Douglas, chief executive of Alcohol Focus Scotland [...] minimum pricing was a better measure than alcohol taxes, which are "limited in their ability to raise the price of the cheapest alcohol to a level that will actually reduce harm". [SWA] had "blocked the democratic will of the Scottish Parliament and sacrificed public health to protect their members' profits". [...] [BMA] "The case for minimum unit pricing has always been based on the fact that it achieves what taxation cannot[."] [...] "unhealthy relationship with drink". //&! bit.ly/1mglhVe
taxation  tax  code  Alcohol  Scotland  abuse  substance  abuse  drug  abuse  public  safety  public  health  policy  public  health  sick  population  health  crisis  prevention  Nudge  theory  food  abuse  lobbyist  lobby  Lobbying  food  industry  revolving  door  policy  folly  policy  error  self-regulation  regulation  regulators  FDA  USDA  food  engineering  processed  food  Big  Sugar  advertisement  marketing  Escapeism  Entertainment 
december 2015 by asterisk2a
Progress on social mobility 'too slow' - BBC News
Progress on closing the gap between rich and poor pupils has not moved fast or far enough to tackle the gulf within a divided Britain, a report says. [...] 'Stronger economy' A government spokesman said it was committed to an "all-out assault on poverty". "Our investment in childcare is helping parents get into work and give their children the best start in life, while the pupil premium and school reforms are ensuring every child gets a good education." The spokesman said work was the best way out of poverty, adding that the number of workless households was at a record low.
education  policy  Gini  coefficient  inequality  social  mobility  UK  income  mobility  Public  squeezed  middle  class  Precariat  working  poor  poverty  child  poverty  poverty  trap  Super  Rich  1%  austerity  fairness  Generationengerechtigkeit  neoliberalism  neoliberal  trickle-down  economics  Tories  Conservative  Party  nasty  Makers  policy  error  policy  folly  corporate  tax  rate  working  tax  credit  child  tax  credit  tax  credit  tax  free  income  budget2015  George  Osborne  David  Cameron  tax  evasion  tax  avoidance  budget  deficit  corporate  welfare  subsidies  subsidizing  underinvestment  Public  Services  health  inequality  post  code  lottery  Services  Council  class  warfare  working  class  consumer  debt  household  debt  recovery  job  creation  Service  Sector  Jobs  GFC  productivity  output  gap 
december 2015 by asterisk2a
IMF: UK's economic performance 'very strong', but risks remain - BBC News
[ UK more like USA than Europe, let alone Germany ] Underlying economic vulnerabilities have been addressed, and steady growth looks set to continue, it said. But high household debt, a "strikingly large" trade deficit and high government debt are still risks to the economy. It also warned about uncertainty over whether the UK would stay in the EU. [...] But although UK house price growth has eased, the household debt-to-income ratio is still high, and could leave some households vulnerable to shock interest rate rises. The large trade deficit could affect cash flows into the UK, adversely affecting growth, the report says. In addition, high government debt, and a continuing deficit, could tie the government's hands in dealing with any future recession, and productivity growth might fail to materialise. Chancellor George Osborne said the IMF report "could hardly be more positive" about the UK economy, but that it "rightly" identified challenges.
UK  economic  history  trade  deficit  household  debt  consumer  debt  credit  card  debt  credit  card  zombie  consumer  recovery  GFC  squeezed  middle  class  austerity  industrial  policy  George  Osborne  short-termism  Tories  Conservative  Party  nasty  constituency  babyboomers  David  Cameron  IMF  OECD  crony  capitalism  capitalism  tax  evasion  tax  avoidance  ChristineLagarde  fairness  Generationengerechtigkeit  climate  change  climate  crisis  global  warming  energy  policy  competitive  competitiveness  macroeconomic  policy  microeconomic  policy  policy  folly  policy  error  Super  Rich  1%  Wall  Street  shareholder  value  self-regulation  profit  maximisation  debt  servitude  Super  Cycle  sovereign  debt  crisis  student  loan  debt  student  loan  Bubble  student  debt 
december 2015 by asterisk2a
Half of £24bn nuclear reactor investment will go to overseas suppliers | Business | The Guardian
More than half of the £24bn expected to be spent on the first British nuclear reactors for two decades could go abroad to foreign suppliers, a leading UK academic and government adviser has warned. The issue is of extreme political sensitivity because George Osborne has already faced criticism for providing huge subsidies to Hinkley, which is being developed by EDF Energy of France.
Hinkley  Point  C  energy  policy  Amber  Rudd  George  Osborne  David  Cameron  policy  folly  policy  error  subsidies  subsidizing  corporate  welfare  austerity  energy  security  underinvestment  renewable  energy  Smart  Grid 
december 2015 by asterisk2a
Is there a danger to environmental jargon? - BBC News
[ confusing the public, as with diet ] The United Nations is promising a "universal climate change agreement" when leaders from almost 200 countries meet in Paris. But is the jargon used in environmental discussions actually putting people off the subject rather than enthusing them?
public  perception  public  opinion  public  awareness  climate  change  global  warming  extreme  weather  weather  extreme  economic  damage  public  discourse  Generationengerechtigkeit  fairness  crony  capitalism  capitalism  Millennials  COP21  COP15  Career  Politicians  No  Representation  NGO  Non-Profit  policy  folly  policy  error  short-termism  economic  growth  short-term  thinking  short-term  view  Food  Politics  fossil  fuel  renewable  energy  Smart  Grid  underinvestment  productive  investment  competitiveness  competitive  energy  price  energy  policy  resource  depletion  carbonfootprint  carbon  tax  carbon  dioxide  carbon  trading  scheme  carbonemission  recycling  deforestation  soil  erosion  coastal  erosion  rising  sea  levels  ocean  warming  acidification  El  Nino  Gulf  Stream  greenland  iceshield 
november 2015 by asterisk2a
UK's coal plants to be phased out within 10 years - BBC News
[How can gas be central if it has to be shipped from Russia & else?! - bbc.in/1WZQj4D ] UKs remaining coal-fired power stations will be shut by 2025 with their use restricted by 2023, Energy Secretary Amber Rudd has proposed. Ms Rudd wants more gas-fired stations to be built since relying on "polluting" coal is "perverse". Only if gas-fuelled power can fill the void created by closing coal-powered stations would coal plants be shut, she said. //&! bit.ly/1G7rJQt Subsidies cut in "emergency" Budget2015 after election which was not in the manifesto. &! Greenpeace said it showed the chancellor is out of step with the times. - bit.ly/1D2ylQg &! bit.ly/1HOeCt0 &! Renewables industry slams move to make them pay Climate Change Levy (also done in the Budget2015) - bit.ly/1j8khAR - "Like making apple juice pay an alcohol tax" &! Gov says in official statement, this move protects customers from higher energy bills??? - bit.ly/1Kkd8GH
fossil  fuel  renewable  energy  energy  price  energy  policy  energy  security  Russia  austerity  Generationengerechtigkeit  underinvestment  productive  investment  competitive  competitiveness  competitive  advantage  Smart  Grid  carbonfootprint  UK  carbonemission  CO2  air  pollution  George  Osborne  David  Cameron  nasty  party  Tories  Conservative  neoliberalism  neoliberal  general  election  2015  election  campaign  promises  Career  Politicians  dogma  ideology  budget2015  climate  change  global  warming  economic  damage  long-term  view  long-term  thinking  Opportunism  opportunist  short-term  thinking  short-term  view  short-termism  policy  folly  policy  error  industrial  policy  STEM  wind  energy  solar  energy  reframing  Positioning  spin  doctor  PR  framing  subsidies  subsidizing  corporate  welfare  carbon  tax  carbon  trading  scheme  Hinkley  Point  C  nuclear  power  Amber  Rudd 
november 2015 by asterisk2a
George Osborne vs John McDonnell - Treasury Questions - YouTube
"economic security for the country (& working people)" out of the mouth of Mr "Judgement Call" (that is what the tax credit cuts are, according to him, in front of select committee in house of commons hearing on the matter. // As if 12bn have no multiplier. 12bn for the corporate sharing it amongst their shareholders who have already bns, there is no multiplier at all. it just moves the digit after the comma. For the poop it is about paying for heating and new shoes. stupid. could afford welfare bill if corporates were to pay their fair share of taxes and not avoid and evade and no corporate welfare like for the steel industry (picking winners). = Show of Career Politician with some ideoligy and dogma and no principles. HE IS A MERCENARY. NOT A VISIONARY. A Career Politician. Calculated. Opportunistic. No long-term view. // IFS did say, in case of austerity, private sector has to pick up the slack. And it did since 2010. And new figures in household debt/credit card debt shows that.
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october 2015 by asterisk2a
Global Capitalism: October 2015 Monthly Update - YouTube
33:40 Price Increase 13.1% 2013/14. Big Pharma + Lobby + insurance company + letting itself being sugar-coated-medical profession = medical-industrial complex. A cosy relationship. // Big Sugar. Big Tobacco. Big Oil/Fossil Fuel. // US spends more % (18%) of GDP on medical related expenses than any other developed/western country. //&! 44:40 - VW! No.1 air polluter is private automobil. "we are not talking about more profits. but maximising profits while accepting the contribution to air pollution and death of the vulnerable (asthma). [...] fraud. that caused who know how many people. [...] example of what capitalism is. if there is more money to make. do it." [+ Zeitarbeit, Leiharbeit exploitation] "deadly behaviour of conglomerates (many recalls blamed on complexity of car) in a rational society, but no questions have been asked." [] [Underinvestment in public transportation in USA. 1/2 of Berlin citizens have no car. tell that LA.] "Decision to Deceive. Knowingly harm People."
USA  military–industrial  complex  Surveillance-Industrial  prison–industrial  complex  lobbyist  lobby  Lobbying  medical  profession  pharmaceutical  industry  pharma  big  pharma  tobacco  Wall  Street  shareholder  value  profit  maximisation  capitalism  crony  capitalism  food  industry  insurance  premium  private  medical  insurance  insurance  medical-industrial  complex  chronic  diseases  sick  population  medical  care  public  health  public  health  policy  corruption  bribery  morality  Positioning  corporate  state  corporate  media  propaganda  populism  Dairy  Meat  Poultry  Egg  Milk  Fish  VW  Volkswagen  revolving  door  No  Representation  Career  Politicians  Makers  nanny  state  oversight  transparency  democracy  policy  folly  policy  error  self-regulation  regulation  regulators  deregulation  corporate  scandal  accounting  scandal  corporate  culture  corporate  values  corporate  social  responsibility  corporate  welfare  corporate  governance  subsidies  subsidizing  fossil  fuel  air  pollution  carbon  tax  carbonfootprint  carbon  trading  scheme  carbonemission  emissions  public  transportation  transportation  neoliberalism  neoliberal  dogma  ideology  public  investment  TPP  TTIP  global  trade  interdependence  national  interest  trade  agreement  Workers  Union  Union 
october 2015 by asterisk2a
Legal highs: Psychoactive drugs policy 'rushed', say MPs - BBC News
[ why not put a regulatory framework up. and make money through taxation! stupid. where is the neoliberal tough when its needed!? double standard. ] "Britain uses more psychoactive substances than any other country in Europe and is at risk of being overwhelmed by the sheer scale of this problem.
substance  abuse  alcohol  abuse  drug  abuse  Escapeism  binge  drinking  Lad  culture  Perspektivlosigkeit  working  poor  Precariat  precarious  work  job  security  working  class  society  Gesellschaft  Legalisation  decriminalisation  decriminalization  War  on  Drugs  Policy  Makers  progressive  tobacco  Big  Sugar  food  industry  self-regulation  regulation  regulators  oversight  transparency  accountability  capitalism  legal  highs  public  awareness  public  perception  public  debate  Toff  Tories  Conservative  Party  Privileged  Establishment  dogma  ideology  double  standard  public  image  public  health  public  health  Wertegesellschaft  courage  folly  error 
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
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
Migration rules need re-think - NHS boss - BBC News
A re-think of immigration rules which protect ballet dancers but not vital foreign nurses need re-thinking, the head of the NHS in England says. NHS England chief executive Simon Stevens made the comments over a new pay threshold for non-European workers. It means means migrants will have to leave the UK after six years if they are not earning at least £35,000. Exemptions are in place for some, including ballet dancers, but not nurses. The Royal College of Nursing has warned the rules would "cause chaos" for the NHS and waste money spent on recruitment. The union has said that by 2017 more than 3,300 NHS nurses could be affected, and by the end of the decade the numbers could be double that.
NHS  staff  shortage  Tories  Conservative  Party  Theresa  May  David  Cameron  general  election  2015  election  campaign  promises  babyboomers  constituency  immigration  migration  Schengen  Agreement  welfare  state  social  safety  net  East  Europe  policy  folly  policy  error  austerity  PR  spin  reframing  framing  Positioning  Iain  Duncan  Smith  DWP  benefits  housing  benefit 
october 2015 by asterisk2a
Scale of NHS deficits to be revealed - BBC News
"we are looking at a systematic problem across the health service." locum staff & sending patients 4 ops 2 private places paid by NHS 2 clear rising waiting lists (RISING DEMAND) & meet Targets. Bed blocking bc severe shortage of elderly care done by austerity. Ageing & premature ageing population & rise of chronic diseases (& thus other comorbidity things that are a result of chronic diseases:joint pains back pains heart problems mobility problems swollen legs bc bodies lymph system gives up skin problems infections care etc complex needs arise - bc they treat symptoms. not the problem, the root of all evil). NHS cant treat a sick population with the status quo it has been handed down by Tories policy. Tories like 2 remove benefits from parents of truants, disabled, vulnerable (to make their lives better). BUT Big Sugar & Processed Food? No nanny state there. Socially unacceptable. Unpopular amongst majority. Career Politicians unequal real reformer/visionary. &! bit.ly/1OpQXBS
NHS  locum  staff  Privatisation  austerity  staff  shortage  Tories  Conservative  Party  George  Osborne  Jeremy  Hunt  neoliberalism  neoliberal  dogma  ideology  sick  population  premature  ageing  chronic  diseases  public  health  policy  public  health  health  care  budget  health  policy  health  care  spending  health  crisis  Makers  policy  folly  policy  error  constituency  general  election  2015  election  campaign  promises  David  Cameron  PR  spin  doctor  reframing  framing  nanny  state  double  standard  truant  welfare  state  food  poverty  child  poverty  child  abuse  obesity  epidemic  obesity  overweight  diabetes  pre-diabetic  metabolic  syndrome  insulin  resistance  American  Diet  Western  pattern  Whole-Food  Plant-Based  Diet  dietary  cholesterol  sedentary  lifestyle  lifestyle  medicine  lifestyle  active  lifestyle  Career  Politicians  No  Representation  neoconservatism  neoconservatives  DWP  sanctions  benefits  Iain  Duncan  Smith  Toff  Privileged  Establishment  Entitlement  food  industry  lobbyist  lobby  Lobbying  Positioning  medical  profession  complexity  blind  spot  processed  food  fast  food  food  engineering  Desert  Chain  junk  food  Whole  Plant  Foods  food  prices  subsidies  subsidizing  demographic  bubble  ageing  population 
october 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
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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
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
Lord Ashcroft 'not settling scores' with David Cameron book - BBC News
"If this was just a revenge job, Lord Ashcroft & I could have published it before the election." bbc.in/1V5Rl94 CoAuthor Isabel Oakeshott //&! bbc.in/1FpIfC4 - Ashcroft quits the House of Lords //&! Ashcroft & Cameron - an inevitable end? Two powerful men need each other, and then one of them becomes more powerful, and doesnt need the other anymore. [...] [book] looks a lot like revenge. [...] The Conservatives needed him, as all political parties need money, & between 2002/11 he gave more than £5m. [ those who want leadership position/power, ie Cameron, are & will be never great leaders when history judges them ] - bbc.in/1MEYLko bit.ly/1LrS8QP bit.ly/1MEppd0 bit.ly/1PktP6A bit.ly/1gH7wvI bit.ly/1NHFptp &! So Cameron was young & reckless. Lucky he wasnt young, reckless & poor - bit.ly/1Oqc8Fg bit.ly/1j3nRwJ bit.ly/1LIGEnD bit.ly/1V6xSoy - Cameron is part of a select group of people to whom different rules apply, and he knows it, [like evryone else in Britain [dubbed Hameron scandal].
Tories  Toff  Privileged  Establishment  David  Cameron  dogma  ideology  neoliberal  neoconservatives  neoconservatism  neoliberalism  Career  Politicians  Generationengerechtigkeit  fairness  austerity  Big  Society  election  campaign  promises  general  election  2015  budget  deficit  bank  bailout  banking  crisis  investment  banking  retail  banking  productivity  George  Osborne  budget2015  output  gap  competitiveness  UK  industrial  policy  policy  folly  policy  error  constituency  babyboomers  lobbyist  lobby  Lobbying  Super  Rich  1%  Westminster  London  general  election  2020  STEM  Research  R&D  Privatisation  Public  Services  NHS  Social  Services  Party  Funding  non-dom  tax  evasion  tax  avoidance  CEO  pay  shared  economic  interest  Wall  Street  self-regulation  deregulation  Brexit  profit  maximisation  Hedge  Fund  tax  code  corporate  tax  rate  minimum  wage  living  wage  child  poverty  shareholder  value  Gini  coefficient  mobility  Iain  Duncan  Smith  DWP  income  mobility  poverty  trap  nepotism  inequality  class  warfare  Gesellschaft  Polarisation  PR  spin  doctor  manufactured  consent  corporate  state  corporate  media  Hameron  Scandal  Entitlement  straight  white  male  male  privilege  alpha  male  white  male  privilege  privilege  Jeremy  Corbyn  Jeremy  Hunt 
september 2015 by asterisk2a
In the loop August 28: Google, Brexit lobby and Uber's expansion by POLITICO Europe
[My take, for EU to thrive, it needs 2 develop & integrate further the 6 killer apps of western nations history, but they dont do that. quite the opposite especially under pressure situations (refugee crisis response: bit.ly/1KkArk5 Merkel 'this is EU wide problem, not just Germanys') & that is very much something that speaks 4 Brexit as UK has 2 give up further powers & further struggle 2 be just a prosthetics (not even appendage like science can grow an ear on someones arm) 2 Europe, which gives other countries internal nationalism leverage 2 put barriers in way of really putting Europe on the map of the "world economy," developing/advancing the 6 killer apps 4 Europe. Brexit will be part of Merkel's legacy! Verwalten of status quo. No principles. No vision. No mission. No future.] bit.ly/1FW3Qgi // European integration itself is a Moonshot project & it looks like that crisis management leading to political crisis, doesnt help at all putting the rocket together in the first place.
Brexit  lobbyist  lobby  Lobbying  Peter  Mandelson  European  Commission  UK  European  Union  vested  interest  interest  groups  Career  Politicians  Politics  reframing  framing  geopolitics  Tories  Conservative  Party  London  Westminster  constituency  UKIP  general  election  2015  election  campaign  promises  Freedom  of  Information  Act  transparency  democracy  referendum  SNP  Labour  Party  ideology  dogma  austerity  Brussels  Polarisation  manufactured  consent  propaganda  populism  migration  immigration  Scottish  Independence  Scottish  referendum  newscorp  News  Corp.  News  Corporation  No  Representation  social  contract  political  economy  Policy  Makers  Niall  Ferguson  NiallFerguson  European  History  fiscal  Pact  Schuldenbremse  Angela  Merkel  status  quo  Eurobond  transferunion  European  Integration  Lisbon  Treaty  Crisis  Rechtsruck  Rechtsextremismus  political  folly  political  theory  political  science  political  error  short-term  view  short-term  thinking 
september 2015 by asterisk2a
Jeremy Hunt’s ‘24/7’ plan for the NHS proves it – he should be sacked | Jullien Gaer | Comment is free | The Guardian
[ opportunist - constituency wooing gift ] Overworked, stressed health professionals are cursed with a secretary of state who knows nothing of the service they work in and its ideals //&! bit.ly/1KkIX0i //&! UK social care system failing most vulnerable - We see the impact the last five years have had on our services, all directly caused by the ideological bias of our two most recent secretaries of state for health. This includes the failure to plan the future NHS workforce properly, the cutting of local authorities’ budgets almost to the quick - bit.ly/1VRKYZc //&! bit.ly/1gvVO78 - With the NHS a key issue in the election campaign, Guardian Health correspondent Denis Campbell was joined by a panel of leading experts to discuss whether the NHS's unique model of healthcare is under threat.
Jeremy  Hunt  constituency  NHS  election  campaign  promises  general  election  2015  austerity  David  Cameron  George  Osborne  Toff  Privileged  Establishment  babyboomers  premature  ageing  ageing  population  demographic  bubble  policy  folly  policy  error  Career  Politicians  general  election  2020  No  Representation  short-term  view  short-term  thinking  Opportunism  opportunist 
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
Why did Japan stop growing? Professor Takeo Hoshi at ANU - YouTube
Blyth argued its culture/society & structural. TPP trade deal might help productivity growth & opening Japan further 2 global trade. & encourage immigration reform. Regulatory reform; stop protection of zombies (gov guarantees, contracts, subsidies), corporate governance. Oversight. Transparency. Also Start-up rate (bottom-up disruption) needs reform (reduce red tape, create start-up/business hubs) // &! What is Abenomics? - youtu.be/_UafzhHzmwE //&! Noriko Hama & Yukio Noguchi "Abenomics and What comes After" - youtu.be/a29FTJXYev0 'unable to share affluence' - income redistribution << marginal propensity to consume, 16% left out of society (poverty), lack of empathy & compassion. BOJ is single lender 2 gov. Career Politicians! Companies have no need 2 borrow/cant force banks 2 lend. //&! min52 Problem of rising long-term interest rates solved w BOJ debt monetisation = inflation (probable near future scenario). &! youtu.be/ArnLHTE0e1g &! youtu.be/wYtJ7Fyn9NA &! youtu.be/AbKeTeb-I_M
Japan  economic  history  lost  decade  lost  generation  ageing  population  demographic  bubble  culture  society  fiscal  stimulus  zombie  banks  zombie  corporations  banking  crisis  Exportweltmeister  Germany  subsidies  subsidizing  distortion  asset  bubble  Abenomics  monetary  policy  monetary  stimulus  fiscal  policy  white  elephants  Richard  Koo  productivity  corporate  culture  corporate  governance  deflationary  deflation  crowding  out  Debt  Super  Cycle  BOJ  Yen  public  investment  productive  investment  stagnation  secular  stagnation  currency-war  currency  debasement  currency  war  ZIRP  QE  NIRP  liquidity  trap  monetary  transmission  mechanism  disinflation  inflation  expectation  inflation  targeting  Makers  Career  Politicians  savings  rate  savings  glut  policy  error  marginal  propensity  to  consume  poverty  trap  squeezed  middle  class  Sozialer  Abstieg  working  poor  precarious  work  inequality  Gini  coefficient  industrial  policy  wage  stagnation  wage  growth  income  growth  disposable  income  income  distribution  low  income  neoliberalism  neoliberal  part-time  Zero  Hour  Contract  Contractor  underemployed  microeconomic  policy  macroeconomic  policy  JGB  bond  bubble  monetisation  monetization  structural  imbalance  faultlines  Impediments  excess  reserves 
september 2015 by asterisk2a
How Legal Immigration Failed Silicon Valley | TechCrunch
Our immigration system hinders entrepreneurship, innovation and productivity. Success in the tech industry, where whole new job categories are created overnight, requires deep familiarity with trends, products and technologies. Learning opportunities abound — if you’re willing to transition to new roles, educate yourself, work on different products or switch companies altogether. Building your own startup, or even joining one, can be the best career move; it offers remarkable potential for growth by wearing multiple hats in an expanding organization. The labor market benefits from this flexibility not just with an improved and adaptable workforce, but also one that creates jobs. The immigration process impedes all these possibilities. [...] [ reset process when switching companies ] [...] And that’s not even the worst part. If you get laid off, you must leave the country. Immediately. [...] Try telling your VC you spent $25,000 of their $1 million funding on immigration fees
USA  immigration  Europe  Germany  UK  skill-biased  technological  change  skills  gap  capital  skills  workforce  migration  ecosystem  Silicon  Valley  Berlin  Start-Up  Scene  London  Scene  Green  Card  job  security  insecurity  American  Dream  entrepreneur  practical  skills  practical  skill  set  skill  job  creation  borderless  globalization  globalisation  flat  world  global  economy  digital  economy  marginal  cost  economics  of  abundance  Future  of  Work  Remote  Work  liberal  economic  reform  policy  error  short-term  view  Career  Politicians  No  Representation  neoconservatism  neoconservatives  Rechtsruck  ageing  population  demographic  bubble  STEM  R&D  Research  Industrial  Revolution  2.0  policy  labour  market  labour  economics  added  value  value  creation  multiplier  education  policy  vocational  education  professional  education  long-term  view  HR  human  resources  hiring  recruiting  recruitment  war  for  talent  H1B  startupvisa  visa  H-1B 
september 2015 by asterisk2a
Vince Cable: Osborne is cynical but will be next prime minister | Politics | The Guardian
“Some of the greatest pressure came on Iain Duncan Smith at the Department for Work and Pensions, whose poor, disabled, unemployed and otherwise vulnerable clients were seen as easy targets for cuts. “IDS was a significant figure, and a fundamentally decent man, but he spent much of his time fighting off pubescent advisers and Treasury officials with cruel ideas for saving money.” [ // they are not the majority of voteres, that vote tories, and thus him, into office at the next election. the poor, vulnerable. disables are not his constituency he has to bank on to follow after David Cameron. ]
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september 2015 by asterisk2a
Bumper payouts for housebuilding executives as market booms | Business | The Guardian
Two of Britain’s largest housebuilders, Berkeley Group and Persimmon, could hand out about £1bn to their top executives and managers in pay and bonuses over the next six years, boosted by strong UK house prices and government-subsidies for home-buyers. Tony Pidgley, founder and executive chairman at Berkeley, is expected to face tough questions on Tuesday at the group’s shareholder meeting near its headquarters in leafy Cobham, Surrey, after it emerged last month that his pay package last year was worth £23.3m. [...] Meanwhile, executives at Persimmon, the UK’s largest housebuilder, also have a Berkeley-style incentive scheme that is one of the most generous to be found at a London stock market-listed firm. [...] Berkeley’s share price has risen more than 40% since the election of a Conservative government in May, [...] [bonuses] “entirely based on short-term performance”. [...] return on equity[.][ < KPI, what gets measured gets done ] &! bbc.in/1KE0jut - Barratt Homes profits +45%
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september 2015 by asterisk2a
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