asterisk2a + liberal + private   6

Economy concerns as household debt rises to £40bn in latest figures | Business | The Guardian
Families are expected to run up £40bn of debt this year, sparking fears about Britain’s economic recovery. [...] (OBR) forecasts have found that households have moved from a surplus of £67bn in 2010, the year the coalition took power, to a £40bn deficit this year. Unsustainable borrowing is on course to near the levels reached in the run-up to the 2008 financial crash, according to Labour. Seema Malhotra, the shadow chief secretary to the Treasury, said: “George Osborne is relying on millions of British families going further into debt to hit his growth targets. [ as projected by economists, that household had to take up debt, shifting debt burden off the public balance sheet, when austerity plans were revealed together with LibDems, to meet growth targets/estimates, back then. same w decistions to increase student loans, convert grants into loan ie for nursing, remove allowances and grants. same w the green bank. shifting items off the balance sheet. and underinvestment. ]
economic  growth  austerity  trickle-down  economics  underinvestment  George  Osborne  nasty  party  Tories  Conservative  neoliberalism  neoliberal  budget  deficit  Student  Maintenance  Grant  Education  Maintenance  Allowance  debt  loan  debt  loan  Student  Bubble  generation  rent  Generationengerechtigkeit  fairness  policy  Liberal  Democrats  household  debt  consumer  debt  squeezed  middle  class  working  poor  credit  card  debt  credit  card  car  loan  Precariat  precarious  work  child  tax  credit  working  tax  credit  tax  credit  wage  stagnation  income  growth  inequality  Gini  coefficient  rat  race  status  anxiety  status  symbol  debt  servitude  debtoverhang  sovereign  debt  crisis  Super  Cycle  ZIRP  NIRP  mortgage  market  property  hunt  for  yield  QE  New  Normal  macroprudential  policy  macroeconomic  policy  microeconomic  policy  debt  monetisation  debt  monetization  debt  private  debt  Privatisation 
december 2015 by asterisk2a
China's impossible trinity - BBC News
At the heart of China's problem is the "impossible trinity" of international macroeconomics. The impossible trinity - or trilemma - is the idea that it is impossible for a country to have three things at the same time: a stable currency, the free movement of capital (i.e. the absence of capital controls) and independent monetary policy. A country can instead choose just two of the options from this policy suite. The UK, in common with most developed economies, has free capital movement and an independent monetary policy - but not a controlled exchange rate. The Bank of England sets interest rates at a level it thinks is right for the UK economy and - as capital can flow into and out of the UK at will - the exchange rate is determined by the market. [...] But the bigger criticism is usually over the nature of the post-2009 stimulus package [...] But, for all the criticism, the counterfactual is rarely stated. What would global growth have looked like without it? [//+ deflation factors]
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september 2015 by asterisk2a
BBC News - Cameron attacks school 'mediocrity'
Almost 3,500 schools in England rated as "requiring improvement" face being forced into new leadership, under plans to be announced by David Cameron. - hypocrisy - how about putting more teachers in first (and paying them a little more and making a portion performance related), reducing class sizes (after years of increases) ... all after years of cuts and non-increase to inflation ... &! Cameron challenged on 'no cuts' school funding promise - http://www.bbc.co.uk/news/education-31087137 &! Moray Council warns of teacher shortages - http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-31091127 &! http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-23580704 - Aberdeen City Council has received 85 applications for teaching positions after offering a new incentive package. &! 1 Day later - bit.ly/1BQ7wNH - Conservatives to cut school funding by 10% if they win general election [...] no promise to inflation-proof education funding.
education  policy  private  education  austerity  David  Cameron  Conservative  Party  UK  general  election  2015  Political  Governance  accountability  transparency  election  campaign  promises  policy  folly  policy  error  Future  of  Work  Mobile  Creative  Mobile  Creatives  Liberal  Arts  continual  education  education  formal  education  Higher  society  competitive  advantage  competitiveness  competitive  competition  borderless  globalization  globalisation  Career  Politicians  squeezed  middle  class  Proletariat  working  poor  automation  Software  Is  Eating  The  World  algorithm  Robotics  working  class  inequality  social  mobility  income  mobility  Gini  coefficient  income  inequality  downward  mobility  No  Representation 
february 2015 by asterisk2a
Law school applications collapse: Get ready for schools to start closing | Hacker News
see comments ie: "There are lots of areas where formal education is a must. Even when you can self-teach everything, you still need some structure, some meta-learning, to learn what you need to study to build the pillars of your knowledge. And you still need some organization that certifies that you know what you claim you know. Medicine is an obvious example. Engineering is another. No-one would like to live in a tall building made by somebody who claims to know how to build tall buildings, but didn't go to college. I bet not many pharmaceutical companies would like to hire someone without a degree to design a new drug. [...] She started studying again, realizing that without a career, she's going to have a really hard professional future." &! "A college degree and a college experience is a nice thing to have, I think. But I doubt it's worth $250K as the price of basic entry to the job market. Something's got to give." &! https://news.ycombinator.com/item?id=8687714
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december 2014 by asterisk2a
Wie Europa Schulden loswerden kann - SPIEGEL ONLINE
[Rogoff & Reinhart advocating financial repression] [...] [Because Austerity didn't work.] Tatsächlich habe die europäische Wirtschaftspolitik - die Haushaltsdefizite senkt und Strukturreformen für mehr Wachstum durchführt - recht wenig getan, um den Schuldenberg wirklich zu verringern. Die Politik könnte die Last für die nächsten Jahre sogar verschlimmert haben, sagen viele Volkswirte. Die Sparpolitik hat das Wachstum überraschend stark beeinträchtigt. Während die Hinweise darauf, dass die Strukturreformen tatsächlich die Wirtschaft beflügeln, eher überschaubar ausfallen. Stattdessen sinken Einkommen, Gewinne und Steuereinnahmen, was die Schuldenlast immer schwerer erträglich macht.
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january 2014 by asterisk2a

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