asterisk2a + rate   274

(376) The World's Shrinking Population - YouTube
Darrel Bricker and John Ibbitson co-authors of, "Empty Planet: The Shock of Global Population Decline," say these predictions have been greatly exaggerated.
27:40 --- Canada Immigration Policy: foreign Students are granted automatically a work permit after graduation and can get a guaranteed residency status (legal permanent resident).
This is a selfish rightwing capitalistic argument.
29:00 --- Looming shortage of migrants for western countries. There will be a competition of the best.
book  Rentnerrepublik  birth  rate  immigration  population  Canada  urbanisation  student  visa  policy  sociology  unintended  consequences 
10 days ago by asterisk2a
Corporate tax avoidance: it's no longer enough to take half measures | Business | The Guardian
Given the scale of the problem, it is clear that we need a global minimum tax to end the current race to the bottom (which benefits no one other than corporations). There is no evidence that lower taxation globally leads to more investment. (Of course, if a country lowers its tax relative to others, it might “steal” some investment; but this beggar-thy-neighbour approach doesn’t work globally.) A global minimum tax rate should be set at a rate comparable to the current average effective corporate tax, which is about 25%. Otherwise, global corporate tax rates will converge on the minimum, and what was intended to be a reform to increase taxation on multinationals will turn out to have just the opposite effect.
tax  evasion  avoidance  taxation  Brexit  corporate  rate 
5 weeks ago by asterisk2a
(1) Guest DESTROYS Bloomberg Panel On The American Dream Lie - YouTube
https://www.youtube.com/watch?v=n-2TEwdRnX0&t=416s - The New Feudalism
Beyond Corporate Social Responsibility
- Edelman Trust Barometer - 76% want change - lead by CEO, not wait for government.
Bullshit about the Aggregate.
The Aggregate bullshit you've been telling doesn't matter for fly over American country.
Davos should be cancelled this year because of Brexit, Trump (gov shutdown), Gelbwesten, AfD, Salvini, refugee crisis (Mittelmeer Wall)
Davos is a family reunion for who broke the world.
Outcomes inevitable by policy (Austerity, tax evasion etc)
&! https://www.youtube.com/watch?v=66hFqKq4fVc&feature=em-uploademail - Stop Talking about Philanthropy
taxes taxes taxes all the rest is bullshit
&! Davos elites reject higher taxes, offer upskilling as answer to inequality - https://www.reddit.com/r/Economics/comments/akbdyu/davos_elites_reject_higher_taxes_offer_upskilling/ https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12196963
American  Dream  Book  Anand  Giridharadas  Corporate  Social  Responsibility  inequality  mobility  philanthropy  CEO  bullshit  injustice  1%  democracy  No  Representation  Policy  Hoarders  10%  poverty  trap  downward  income  inheritance  taxation  tax  evasion  avoidance  China  India  Davos  Gesellschaft  Brexit  DonaldTrump  Donald  Trump  Gelbwesten  AfD  Salvini  refugee  crisis  Austerity  marginal  rate  AOC  history  neoliberal  neoliberalism  CSR  skills  upskilling  training  automation 
january 2019 by asterisk2a
The ten graphs which show how Britain became a wholly owned subsidiary of the City of London (and what we can do about it) – New thinking for the British economy
[ uk banks overinvested enabled by political policy into houses and high streets. underinvested in productive capital like R&D companies in general etc ] >> But it doesn’t increase the productive capacity of the economy one iota: a more expensive house doesn’t produce more intelligent children, and a higher share price doesn’t boost a company’s productivity (though it can indirectly boost its capacity to raise funds for investment). [...] Debt-financed asset purchases are thus fundamentally a Ponzi activity: // not just tight housing supply is increasing prices, but also easy credit/debt/mortgage market! // [...] ultimately, there is a limit to just how much debt individuals and corporations can take on – even with low interest rates
UK  ZIRP  NIRP  QE  housing  market  mortgage  household  consumer  debt  disposable  income  servitude  GFC  recovery  wage  growth  Ponzi  asset  capital  Kapital  BOE  credit  card  affordable  social  servicing  default  rate  insolvency  speculation  unintended  consequences  economic  history  consumption  secular  stagnation  Brexit  policy  fiscal  monetary  Mark  Carney  underinvestment  productivity  R&D  Career  Politicians  Margaret  Thatcher 
may 2017 by asterisk2a
Wolfgang Schäuble: "Großbritannien ist nicht mit den Cayman Islands zu vergleichen" - SPIEGEL ONLINE
"Aber wenn ein großes Land glaubt, es könne die Vorteile eines kleinen Landes haben, das geht schief", sagte der Minister. Es gebe ein weltweites Interesse daran, dass Steueroasen nicht zu sehr zulasten anderer Länder gingen, sagte der Minister. Das sei unfair. "Und das wird sich der Rest der Welt auch nicht bieten lassen."
Brexit  tax  evasion  avoidance  business  rate  corporate  taxation  welfare  UK  Theresa  May  Philip  Hammond  nasty  party  Tories  Conservative  Austerity  EU  HMRC 
january 2017 by asterisk2a
Skills and infrastructure top priority in industrial strategy, say UK firms | Business | The Guardian
The government’s new industrial strategy must focus on improving skills and infrastructure in Britain rather than bailing out struggling large companies, according to a survey of business leaders.

The findings suggest businesses are not in favour of rescue deals such as the government’s proposed support for the steel industry. Theresa May, the prime minister, and Greg Clark, the business, energy and industrial strategy secretary, are expected to unveil an industrial strategy for the UK next week. They will set out the government’s approach to key industries and issues such as infrastructure, skills, regulation and research and development.
Brexit  trade  deal  tariff  corporate  welfare  skills  infrastructure  underinvestment  UK  SmartGrid  Manufacturing  output  gap  Productivity  Theresa  May  Austerity  George  Osborne  Northern  Powerhouse  business  rate  taxation  Apprenticeship 
january 2017 by asterisk2a
McDonald's move will test the type of post-Brexit economy Theresa May wants - BBC News
some betting on the possibility, UK turning into a tax safe haven // The McDonald's announcement - which may not actually mean much in job terms - is part of a wider bet on the shape of the UK economy after the departure from the EU.
Brexit  Ireland  tax  evasion  avoidance  safe  haven  offshore  banking  corporate  rate  taxation 
december 2016 by asterisk2a
Scots face 'pensions timebomb' says report (From Herald Scotland)
SCOTS are facing a pensions timebomb with few people saving enough for a comfortable retirement.

New research has found that the average working age person faces a £435,000 shortfall in their pension pot if they want to retirement to meet their expectations.

The first ever Brewin Dolphin Family Wealth Report found that the average person considers an income of £26,000 to be adequate to meet their needs after leaving work.
UK  savings  rate  retirement  pension  Triple  Lock  Altersarmut 
november 2016 by asterisk2a
Collapse in corporation tax receipts pushes public deficit to £10.6bn | Business | The Guardian
Suren Thiru, head of economics at the British Chambers of Commerce, said the rise in government borrowing underscored the weakness of the UK economy.

“The UK’s ability to generate tax revenue has diminished following the financial crisis, and this underlying weakness is likely to be exacerbated further if the UK economy slows as we predict,” he said, adding it was vital the chancellor offered incentives to “invest, create jobs, and support growth”.
Brexit  business  confidence  consumer  budget  UK  Philip  Hammond  Theresa  May  underinvestment  productivity  output  gap  GFC  recovery  austerity  HMRC  corporate  tax  rate  fiscal  policy  Uncertainty 
october 2016 by asterisk2a
Brexit fallout: top brands pulled from Tescos as food prices set to rise by 5 percent - YouTube
Unilever is anglo-dutch and reports in euros thus fall in £ against euro is a profit/margin squeeze bc internally at unilever they did not protect themselves in FX market w options against eventual Brexit fallout! unilevers internal analysis was apparently for no vote. // & that manufacturing and exports flourish. you have to invest in industry. industry of the future 10 years down the road. which means FDI, internal business investment (rising business confidence uk wide and world wide for international uk businesses), and gov investment w long term plan 10-20 years. for the next gen. explicitly for the next gen. quasi for the 0-40 year olds.
FDI  foreign  direct  investment  British  Pound  £  Sterling  exchange  rate  Brexit  trustagent  business  confidence  consumer  inflation  RPI  CPI 
october 2016 by asterisk2a
The Hidden Wealth of Nations - YouTube
This lecture will discuss how big the wealth hidden in offshore tax havens is, what are the consequences for inequality, how tax havens work and are organized, and how we can begin to approach a solution. // 8trn dollars. // some 8% or more of wealth offshore. some parts ie russia even more
Thomas  Piketty  tax  evasion  tax  avoidance  tax  loopholes  tax  loopoles  corporate  welfare  subsidies  subsidizing  Lobbying  lobby  lobbyist  No  Representation  Career  Politicians  politician  neoliberal  neoliberalism  tax  haven  corporate  tax  rate  corporate  tax  budget  deficit  bank  bailout  GFC  crony  capitalism  capitalism  capitalism  in  crisis  inequality  income  distribution  1%  10%  20%  rentier  rent-seeking  Gini  coefficient  social  mobility  income  mobility  working  poor  Precariat  squeezed  middle  class  Bankgeheimnis  Panama  Papers  book  multinational  conglomerate 
july 2016 by asterisk2a
George Osborne puts corporation tax cut at heart of Brexit recovery plan
bbc.in/29bWICC // an effort to woo business deterred from investing in a post-Brexit Britain as part of his new five-point plan to galvanise economy. [ Osborne's dream of a Singapore! Or attempt at leverage in Brexit-negotiations?! Or sees the writing on the wall that negotiations to access Single Market wo freedom of movement puts UK into WTO basket case. Or give businesses thinking of leaving a lollipop? (enticing to stay) ] //&! reut.rs/29hcUnW - already exceptions like "no tax on earnings from tax haven subsidiaries" [...] Some on the right of the ruling Conservative party – in the ascendency following the surprise referendum vote – have campaigned for eliminating corporate income tax altogether in the hope it will boost investment and jobs. //&! UK’s tax cut goal: calm business, scare Brussels - reut.rs/29hBfOD [from 28% in 2010] //&! ind.pn/29eEroI &! bit.ly/29hC0qM &! bbc.in/295suRG
austerity  Brexit  George  Osborne  tax  avoidance  tax  evasion  corporate  tax  rate  tax  loopholes  tax  loopoles  tax  haven  lobby  Lobbying  lobbyist  1%  10%  20%  Tories  Conservative  Party  right-wing  OECD  IMF 
july 2016 by asterisk2a
Brexit: Singapore bank UOB suspends London property loans
"With foreign exchange risks, even if the value of the overseas property rises, any gains will be eroded if the country's currency depreciates against the Singapore dollar," Mr Tok explained. // Chinese (and Asian) love their Betongold (most likely to be around 50% of their portfolio). Now in the hole because GBP lost 10%. But doesn't account for Yuan depreciation/devaluation.
Forex  GBP  devaluation  British  Pound  FX  Brexit  property  bubble  London  speculative  bubble  asset  bubble  asset  allocation  distortion  hunt  for  yield  Interest  Rate  Swap  Beton  Gold  Betongold 
june 2016 by asterisk2a
Alan Greenspan on Brexit, U.S. Economy, and Inflation (Full Interview) - YouTube
UK out of Euro Currency but part of free trade single market was best option on table. // lack of leadership for political union and fiscal union aka ever closer union. not just currency and trade union (free trade). // GET AT THE ROOT ISSUE; productivity, ageing population (entitlement crisis), stagnant wages, secular stagnation = desperate population // European banks some still burdened by sov debt crisis/NPL (= zombie banks) & NIRP & QE & lack of uptake in business & consumer loans. // no back-up to the ECB (balance sheet) yet. what happens if the EURO stops being a hard currency? get Greece out, is a liability. // EU can not go on in Status Quo indefinitely. ie funding southern states. States have to get on course of economic harmony! everyone has to give up something! // Precariat/Squeezed Middle Class/Social Mobility = creates desperate people. // Entitlements are a legal issues. Productivity and Growth Rates can't fund entitlements. = There will be a crisis. // Career Politicians won't touch it. // History (look at M2) this environment ends up in inflation. not time or data.
European  Union  Brexit  fiscal  Political  Union  ECB  Alan  Greenspan  Fed  Yanis  Varoufakis  Janet  Yellen  PIGS  sovereign  debt  crisis  secular  stagnation  productivity  gap  disposable  income  discretionary  spending  ageing  population  current  account  deficit  budget  deficit  GFC  entitlement  spending  Abenomics  monetary  policy  fiscal  policy  pension  obligation  babyboomers  Baby  Boomers  immigration  NIRP  ZIRP  QE  economic  history  Germany  Angela  Merkel  BOE  Mark  Carney  rising  middleclass  squeezed  middle  class  working  poor  Precariat  populism  demagogue  demagogy  Donald  Trump  western  world  savings  rate  Gini  coefficient  social  mobility  income  mobility  triple-lock  pension  pension  fund  pension  scheme  democracy  Career  Politicians  politician  output  gap  M2  inflation  targeting  M3  commodity  prices  global  economy 
june 2016 by asterisk2a
UK GDP growth – beware the march of the spenders | Business | The Guardian
the breakdown was deeply troubling. What it showed was an economy unhealthily reliant on consumer spending. Real household spending was up 0.7% on the quarter and added 0.5 percentage points to the growth rate. In other words, the other components of growth – investment, trade and government spending – contributed -0.1 points to growth during the first three months of the year. [...] drop in business investment, which was down both over the quarter and over the year. //&! bit.ly/1RjxDnh - Making things matters. This is what Britain forgot. Ha-Joon Chang. The neglect of manufacturing and over-development of the financial sector is the cause of the economy’s decline, not fear of leaving the EU
UK  2016  recovery  Manufacturing  George  Osborne  industrial  policy  David  Cameron  austerity  Brexit  secular  stagnation  USA  world  economy  underinvestment  Smart  Grid  competitiveness  competitive  advantage  competitive  China  Steel  Crisis  Steel  Industry  BRIC  European  Union  Fiscal  Pact  Schuldenbremse  ZIRP  NIRP  distortion  policy  monetary  policy  Mark  Carney  short-termism  short-term  thinking  short-term  view  Career  Politicians  general  election  2015  general  election  2020  Conservative  Party  neoliberalism  neoliberal  tax  evasion  tax  avoidance  Panama  Papers  HMRC  income  tax  receipts  employment  self-employment  Precariat  minimum  wage  wage  growth  productivity  output  gap  savings  rate  housing  bubble  property  bubble  business  confidence 
may 2016 by asterisk2a
IMF urges more spending to boost growth
Fund’s steering committee calls for more forceful stimulus and warns monetary policy alone is not enough //&! http://www.theguardian.com/business/imf //&! bit.ly/1V9pfhD - IMF chief: regulators long 'alarmed' over Panama's handling of taxation. Christine Lagarde responds to Panama Papers revelations, noting that authorities were concerned but did not take ‘expected’ action.
secular  stagnation  Panama  Papers  tax  evasion  tax  amnesty  tax  avoidance  corporate  tax  rate  labour  market  job  market  Service  Sector  Jobs  income  tax  receipts  budget2016  George  Osborne  David  Cameron  general  election  2015  general  election  2020  election  campaign  promises  Party  Funding  Richard  Koo  Confidence  Fairy  austerity  underinvestment  Generationengerechtigkeit  triple-lock  pension  fairness  Generation  Rent  Housing  Crisis  property  bubble  USA  UK  reflation  reflate  fiscal  policy  Pact  Schuldenbremse  Angela  Merkel  Wolfgang  Schäuble  GFC  sovereign  debt  banking  bank  bailout  job  creation  squeezed  middle  class  working  poor  disposable  income  discretionary  spending  IMF  OECD  credit  bubble  China  BRIC  recovery  Germany  economic  history  2016  Niall  Ferguson  budget  deficit  offshore  banking  investment  banking  TBTF  self-regulation  Greed  crony  capitalism  shareholder  capitalism  globalisation  globalization  global  economy  Oil  price  commodity  prices  ChristineLagarde  inequality  Gini  coefficient  income  mobility  social  mobility  low  pay  low  income  tax  credit  child  poverty  food  poverty  health  care  cost  health  care  demand  western  world  European  Union  Brussels  Brexit  Grexit  sick  population  health  economic  Union  Union  investment  policy  fiscal  me 
april 2016 by asterisk2a
Is Stephen Crabb the man to tackle this age of extreme inequality?
The Panama Papers will lead to the dynamiting of Tory credibility, but new work and pensions secretary, Stephen Crabb, is unlikely to prove the saviour of his party’s reputation. [...] Last autumn’s U-turn over cuts to working tax credits was a smoke screen. The axe will fall, only not everywhere, not just yet. From this week, existing universal credit claimants will lose up to £220 a month as the work allowance is pared back faster than the national living wage increases to replace it. [...] Short of taking a vow of poverty and retreating like Charles V to a monastery, there is nothing he can say now that will change the perception that he is at the head of a party that has a fundamental personal interest in preserving the advantages of the 1%.
Stephen  Crabb  nasty  party  tax  credit  Universal  Iain  Duncan  Smith  welfare  reform  welfare  state  poverty  trap  poverty  child  poverty  social  safety  net  sanctions  JSA  ESA  PIP  Disabled  vulnerable  mental  health  austerity  George  Osborne  David  Cameron  Tories  Conservative  Positioning  PR  spin  doctor  manufactured  consent  snap  judgement  prejudice  triple-lock  pension  Generationengerechtigkeit  fairness  bank  bailout  budget  deficit  aggregate  demand  Budget2016  budget2015  general  election  2015  election  campaign  promises  Funding  constituency  Super  Rich  oligarchy  plutocracy  Confidence  Fairy  1%  democracy  food  poverty  fuel  poverty  tax  evasion  tax  amnesty  tax  avoidance  Panama  Papers  offshore  banking  tax  loopoles  lobby  No  Representation  Career  Politicians  Gini  coefficient  inequality  social  mobility  income  mobility  deprivation  crony  capitalism  shareholder  capitalism  corporate  welfare  HMRC  revolving  door  corporate  tax  rate  capital  gains  tax  DLA  Independent  Living  Fund  Holyrood 
april 2016 by asterisk2a
What the Panama Papers Tells Us About Global Capitalism
never seen David Cameron red-faced, so much! [...] sold in 2010!? And what was before that time? The time he was a MP!? [...] we are not all in this together, for sure! // book the hidden wealth of nations. - 7-8trn tax evasion and avoidance - not taxed. //&! Rumble - Just like FDR - Bernie Welcomes the GE CEO Hatred... - youtu.be/jT7NIoDS1gw - taking advantage of the tax laws THEY MADE.
Panama  Papers  David  Cameron  George  Osborne  tax  evasion  tax  amnesty  tax  avoidance  Super  Rich  Toff  Privileged  Establishment  Westminster  Whitehall  expense  scandal  No  Representation  Career  Politicians  1%  legal  loopholes  plutocracy  oligarchy  Tories  nasty  party  Richard  Wolff  Conservative  shell  company  offshore  banking  tax  loopoles  budget  deficit  austerity  fairness  Generationengerechtigkeit  neoliberal  neoliberalism  accounting  scandal  corporate  scandal  white-collar  crime  trickle-down  economics  free  market  corporate  tax  rate  Budget2016  self-regulation  underinvestment  squeezed  middle  class  working  poor  Gini  coefficient  child  poverty  corruption  bribery  money  laundering  UK  USA  Bahamas  CaymanIslands  income  distribution  tax  credit  Disabled  vulnerable  babyboomers  triple-lock  pension  DWP  capital  gains  tax  income  tax  receipts  secular  stagnation  western  world  social  mobility  income  mobility  trust  low  pay  shareholder  capitalism  crony  capitalism  low  income  Service  Sector  Jobs  Universal  Basic  class  warfare  disposable  income  discretionary  spending  credit  bubble  economic  history  Gesellschaft  Wertegesellschaft  materialism  consumerism  status  anxiety  pay 
april 2016 by asterisk2a
Tory party’s civil war | FT Comment
[ we are all in this together ] Lionel Barber, FT editor, and Janan Ganesh, political commentator, discuss the turmoil within the UK’s Conservative party, including the resignation of a cabinet minister following the government’s Budget. //&! Cameron’s Panama profits - https://youtu.be/jOm-24n16ik - skill full worded statements, No 10 was under lock-down.
George  Osborne  Budget2016  David  Cameron  PIP  Brexit  Tories  Conservative  Party  nasty  fairness  Panama  Papers  tax  evasion  tax  avoidance  tax  cut  corporate  tax  rate  austerity  Generationengerechtigkeit  babyboomers  triple-lock  pension  Generation  Rent  secular  stagnation  Richard  Koo  Niall  Ferguson  IMF  OECD  European  Union  Brussels  No  Representation  Career  Politicians  Toff  Privileged  Establishment  Super  Rich  1%  plutocracy  oligarchy  offshore  banking  PR  spin  doctor  Positioning 
april 2016 by asterisk2a
Why Everyone Must Get Ready For The 4th Industrial Revolution
For example, as automation increases, computers and machines will replace workers across a vast spectrum of industries, from drivers to accountants and estate agents to insurance agents. By one estimate, as many as 47 percent of U.S. jobs are at risk from automation. Many experts suggest that the fourth industrial revolution will benefit the rich much more than the poor, especially as low-skill, low-wage jobs disappear in favor of automation.

But this isn’t new. Historically, industrial revolutions have always begun with greater inequality followed by periods of political and institutional change. The industrial revolution that began at the beginning of the 19th century originally led to a huge polarization of wealth and power, before being followed by nearly 100 years of change including the spread of democracy, trade unions, progressive taxation and the development of social safety nets.
Mobile  Creative  Mobile  Creatives  augmented  intelligence  artificial  intelligence  AI  Robotics  automation  destruction  creativity  book  social  safety  net  welfare  state  tax  credit  working  poor  Precariat  low  pay  low  income  Universal  Basic  income  tax  receipts  job  creation  Service  Sector  Jobs  precarious  work  precarious  employment  Contractor  part-time  Zero  Hour  Contract  self-employment  tax  evasion  profit  maximisation  profit  maximization  shareholder  capitalism  shareholder  value  Wall  Street  M&A  Autonomous  Cars  Google  Car  Uber  public  transport  public  transportation  corporate  tax  rate  tax  amnesty  tax  avoidance  Panama  Papers  offshore  banking  Super  Rich  1%  plutocracy  oligarchy  Soziale  Marktwirtschaft  skills  gap  skills  economy  skill  mismatch  skill-biased  technological  change  skill  gap  skills  mismatch  skills  shortage  skills  missmatch  skill  investment  education  policy  winner  take  all  business  model  R&D  R&D  underinvestment  austerity  Generationengerechtigkeit  fairness  democracy  secular  stagnation  western  world  job  market  labour  market  poverty  trap  economic  history  UK  USA  Europe  Germany 
april 2016 by asterisk2a
Obama calls for international tax reform amid Panama Papers revelations
"a lot of it is legal" ... they are not poorly designed the laws have been designed by the revolving door of corporate lawyers and lobbyists. // We are not all in this together.
austerity  tax  evasion  tax  amnesty  tax  avoidance  Panama  Papers  G20  G8  tax  loopoles  lobby  revolving  door  Career  Politicians  Party  Funding  barackobama  George  Osborne  IRS  HMRC  white-collar  crime  corporate  governance  accounting  scandal  corporate  scandal  offshore  banking  income  tax  receipts  corporate  tax  rate  fairness  Super  Rich  1%  oligarchy  plutocracy  nasty  Tories  Conservative  Party  Google  Inc.  Westminster  Toff  Privileged  Establishment  No  Representation  democracy  squeezed  middle  class  poverty  trap  Precariat  disenfranchise  disenfranchised 
april 2016 by asterisk2a
The Week Ahead: the return of the nasty party and a good week for Brexit
David Cameron and George Osborne wanted to cut even more! //&! Nicky Morgan's embarrassing interview over Tory cuts to disabled welfare - youtu.be/hjk06tjx_xQ //&! Jeremy Corbyn - youtu.be/Ain-IP4pHCk //&! IFS: cutting disability benefits to fund tax cuts is a political choice - youtu.be/xVBf9dSa9Mw //&! MANIFESTO Election Campaign Promises - Tories hoist by their own petard over disability cuts - youtu.be/N8VijFKLQek //&! also closed Independent Living Fund - youtu.be/nurjzK5VPAI //& "The electorate don't mind. Those who vote aren't affected." *George Osborne - youtu.be/N8VijFKLQek - WCA to bring down bill by kicking people off was a pipedream & Universal Credit is a real cut in benefits. //&! Nicky Morgan's nightmare defending Osborne's nasty budget - youtu.be/Y9YNcQF4t8I - 12bn cuts were promised in Manifesto 2015. 4.4 tried through PIP. youtu.be/5-3Bp7qzj4Y (pre-election) //& cutting corporation tax (& capital gains tax) - youtu.be/gZ6qNHLnbs0 &! Analysis - youtu.be/v-qmvI9s3pE
Iain  Duncan  Smith  Brexit  Tories  Conservative  Party  DWP  austerity  George  Osborne  David  Cameron  Toff  dogma  ideology  Establishment  general  election  2020  economic  history  recovery  tax  credit  ILA  PIP  Universal  Budget2016  Westminster  Whitehall  ESA  tax  cut  welfare  reform  welfare  state  social  safety  net  Disabled  vulnerable  JSA  sanctions  PR  spin  doctor  Positioning  manufactured  consent  bank  bailout  budget  deficit  corporate  tax  rate  capital  gains  tax  Boris  Johnson  Gini  coefficient  social  mobility  income  mobility  inequality  child  poverty  fuel  poverty  Generationengerechtigkeit  fairness  poverty  trap  education  policy  Academy  Nicky  Morgan  Michael  Gove  Ofsted  nasty  inheritance  tax  Manifesto  general  election  2015  IFS  OBR  Fiscal  Pact  Schuldenbremse  triple-lock  pension  babyboomers  NHS  constituency  Party  Funding  property  bubble  constituency  babyboomers  pension  obligation  WCA  Foodbank 
april 2016 by asterisk2a
Waiters And Bartenders Rise To Record, As Manufacturing Workers Drop Most Since 2009
On the surface, the March jobs reported was better than expected... except for manufacturing workers. As shown in the chart below, in the past month, a disturbing 29,000 manufacturing jobs were lost. This was the single biggest monthly drop in the series going back to December 2009. But not all is lost: as has been the case for virtually every month during the "recovery", virtually every laid off manufacturing worker could find a job as a waiter: in March, the workers in the "Food services and drinking places" category, aka waiters, bartenders and minimum wage line cooks, rose again to a new record high of 11,307,000 workers, an increase of 25K in the month, offsetting virtually all lost manufacturing jobs. This is how the two job series have looked since the start of 2015: 24k manufacturing jobs have been lost in the past 14 months compared to an increas of 365K food service workers.
UK  USA  job  creation  Manufacturing  industrial  policy  competitiveness  competitive  Service  Sector  Jobs  minimum  wage  low  pay  low  income  productivity  productivity  gap  recovery  economic  history  budget  deficit  income  tax  receipts  IRS  HMRC  trade  deficit  current  account  deficit  precarious  work  Precariat  squeezed  middle  class  job  loss  job  security  job  insecurity  working  poor  Contractor  Zero  Hour  Contract  Budget2016  George  Osborne  STEM  skills  gap  apprenticeships  2015  2016  China  BRIC  global  economy  global  trade  globalisation  globalization  outsourcing  self-employment  tax  free  income  tax  credit  social  safety  net  welfare  state  output  gap  participation  rate  babyboomers  western  world  secular  stagnation  Support  income  growth  wage  stagnation  disposable  income  discretionary  spending  household  debt  consumer  debt  credit  card  debt  car  loan  student  debt  Generation  Rent  Generationengerechtigkeit  tax  evasion  tax  avoidance  tax  amnesty  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  Wall  Street  shareholder  value  multiplier-effect  austerity 
april 2016 by asterisk2a
Budget 2016 shows Osborne's failure on debt, surplus, GDP
// higher in-work poverty
budget2015  budget2016  budget2010  general  election  2010  general  election  2015  PR  spin  doctor  economic  history  Positioning  Richard  Koo  austerity  underinvestment  dogma  ideology  policy  folly  policy  error  George  Osborne  David  Cameron  nasty  party  Iain  Duncan  Smith  corporate  tax  rate  corporate  welfare  corporate  subsidies  tax  evasion  tax  avoidance  Google  Inc.  shareholder  capitalism  bank  bailout  budget  deficit  Tories  Conservative  secular  stagnation  aggregate  demand  babyboomers  ageing  population  Northern  Powerhouse  triple-lock  pension  pension  obligation  Generationengerechtigkeit  fairness  Generation  Rent  property  bubble  Service  Sector  Jobs  job  creation  squeezed  middle  class  working  poor  precarious  work  tax  credit  wage  stagnation  productivity  output  gap  Gini  coefficient  income  tax  receipts  tax  code  Zero  Hour  Contract  part-time  underemployment  underemployed  low  pay  low  income  BOE  ZIRP  NIRP  QE  consumer  debt  household  debt  credit  card  debt  election  campaign  promises  car  loan  student  debt  discretionary  spending  disposable  income  child  poverty  Food  poverty  tax  credit  Privatisation  Council  Public  Services  Social  Services  bed  blocking  education  policy  skills  gap  Academy  underinvestment  NHS 
march 2016 by asterisk2a
Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight
turning a banking crisis into a budget deficit blowout and blaming it on poor working age people with some benefits to their name. //&! What will it be the Budget be remembered for? DEBATE - BBC Newsnight - youtu.be/iOrhLL-Pe3E - productivity is about increasing public and private investment, and private investment has been falling year after year. tax cuts ie corporate tax rate, do not increase private investment. and household debt/consumer debt/credit car/car loan/student debt is rising and rising, taking up the slack that Osborne is cutting from the budget.
budget2016  budget2010  bank  bailout  austerity  budget  deficit  economic  history  Richard  Koo  UK  GFC  George  Osborne  Sajid  Javid  dogma  ideology  income  tax  receipts  corporate  tax  rate  HMRC  tax  evasion  tax  avoidance  DWP  fairness  Generationengerechtigkeit  triple-lock  pension  pension  obligation  babyboomers  recovery  aggregate  demand  shareholder  capitalism  secular  stagnation  neoliberal  neoliberalism  trickle-down  economics  free  market  Positioning  PR  spin  doctor  George  Osborne  David  Cameron  budget2015  Fiscal  Pact  Schuldenbremse  Brexit 
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
Iain  Duncan  Smith  DWP  austerity  George  Osborne  Brexit  David  Cameron  Boris  Johnson  Tories  nasty  party  budget2016  Conservative  Westminster  No  Representation  tax  credit  welfare  reform  welfare  state  social  safety  net  disability  Disabled  vulnerable  NHS  mental  health  sick  population  health  crisis  Toff  Privileged  PIP  DLA  ESA  Establishment  Career  Politicians  Richard  Koo  aggregate  demand  babyboomers  ageing  population  pension  obligation  triple-lock  pension  WCA  dogma  ideology  economic  history  budget2015  policy  folly  policy  error  education  policy  Academy  Privatisation  Nicky  Morgan  Jeremy  Hunt  Michael  Gove  Junior  Doctor  Junior  Doctor  Contract  Junior  Doctors  House  of  Lords  Whitehall  tax  evasion  tax  avoidance  income  tax  receipts  HMRC  underinvestment  tax  code  corporate  welfare  corporate  subsidies  corporate  tax  rate  budget2015  DWP  Universal  working  poor  tax  credit 
march 2016 by asterisk2a
Renten: Frauen bekommen nicht mal halb so viel Rente wie Männer - SPIEGEL ONLINE
Die Gehaltslücke zwischen Männern und Frauen wird im Alter zur riesigen Kluft: Im Schnitt erhält eine Rentnerin in Deutschland 57 Prozent weniger Geld als ein Rentner. Eine Studie zeigt die Gründe. [...] Die WSI-Forscher nennen eine Reihe von Faktoren, die für die Rentenkluft verantwortlich sind: niedrige Erwerbsbeteiligung: Frauen sind und waren weit häufiger gar nicht berufstätig als Männer. hohe Teilzeitquote: Frauen arbeiten häufig nicht Vollzeit. niedrige Entgelte: Aktuell verdienen Frauen im Schnitt 21 Prozent weniger als Männer. Früher, als die jetzigen Rentnerinnen im Berufsleben standen, war die Lücke noch größer. häufige und längere Erwerbsunterbrechungen, etwa durch Kinderbetreuung. häufige Beschäftigung in Minijobs ohne Rentenversicherung
gender  gap  retirement  child  care  elderly  care  adult  social  care  savings  rate  gender  pay  gap  poverty  in  old  age  poverty  social  safety  net  pension  pension  scheme  pension  obligation  pension  fund  public  pension  gender  inequality 
march 2016 by asterisk2a
Budget 2016: George Osborne's political balancing act
Like Sherlock Holmes, we must look in this Budget for the dogs that do not bark. Four years out from a general election, this is the time in the political cycle when chancellors can take unpopular decisions. A moment, perhaps, for a big reform to our pensions or taxation. Yet the mood music emerging from the Treasury is distinctly adagio. [...] Genuinely radical plans to overhaul pension tax relief have been put on hold for fear of upsetting middle and higher earners. Proposals to cut the 45p top rate of tax are said to have gone the same way. [...] [OBR] is expected to say that the British economy is smaller than the watchdog had expected it would be when it made that prediction. As such, the Treasury would get less than it had expected in tax revenues.
budget2016  George  Osborne  Brexit  general  election  2020  austerity  Career  Politicians  Tories  nasty  party  Boris  Johnson  Conservative  OBR  secular  stagnation  HMRC  income  tax  receipts  Job  Creation  Service  Sector  Jobs  working  poor  low  pay  low  income  squeezed  middle  class  savings  rate  tax  credit 
march 2016 by asterisk2a
How much of a savings buffer do people need? - BBC News
The US-based financial site Money Under 30 differentiates between a "buffer" for cashflow problems and an emergency fund for major events. It recommends keeping between one week's and two weeks' take-home pay as the buffer. Translated to the UK, this would mean saving between roughly £400 and £800.
An emergency fund should allow for between six and nine months of expense, it adds. If these were to come to £1,000 a month, that's between £6,000 and £9,000.
But such a level of savings is in the realm of fantasy for many Britons.
A survey by the Money Advice Service has found that four in 10 adults in the UK do not have £500 or more in savings. Another by ING bank suggests 28% of UK adults have nothing at all in the bank.
savings  rate  disposable  income  discretionary  income  consumerism  materialism  status  anxiety  squeezed  middle  class  working  poor  low  pay  low  income  wage  stagnation  income  growth 
march 2016 by asterisk2a
State pension changes: Charity finds 70,000 people won't qualify for pension under new rules | Home News | News | The Independent
Changes to the system coming into effect on 6 April mean that people will need 10 qualifying years to get any new state pension. This is a change from the existing regime which allows people to receive at least some state pension even with only a few years of NICs. [...] Age UK said it supports the aim of a simpler, fairer state pension, acknowledging it should benefit many people with low lifetime earnings due to low pay and caring responsibilities. But the charity is concerned that there are many approaching retirement, particularly women, who do not have a full NI record. [...] "People who haven't built up enough National Insurance can apply for Pension Credit, which works by topping up their other income and provides additional security in retirement.”
pension  pension  scheme  pension  obligation  pension  fund  public  pension  UK  babyboomers  budget  deficit  secular  stagnation  low  pay  low  income  working  poor  Precariat  precarious  work  Zero  Hour  Contract  Contractor  part-time  self-employment  welfare  state  social  safety  net  poverty  in  old  age  NIC  Altersarmut  elderly  care  adult  social  care  retirement  401k  ISA  savings  rate  squeezed  middle  class 
march 2016 by asterisk2a
Budget 2016: What will the chancellor do to pensions? - BBC News
[ changing system to collect taxes earlier, he needs some more tax income now, rather than in 40-50 years from now. ] Now, ahead of the budget on 16 March, the pensions industry is again on the edge of its seat. Amongst the rumours: The chancellor is about to abolish the 25% tax-free lump sum; the maximum annual contribution could be cut to as low as £25,000; or the whole tax relief system could be abolished, in favour of an Isa-style system of tax upfront, but tax free on the way out. So what are the chancellor's options - and which is he likely to favour? [...] After all, the title of the Treasury's consultation is: "Strengthening the incentive to save". Furthermore one Treasury minister confirmed to the BBC that this will be the main focus of the changes.
budget2016  HMRC  pension  scheme  public  pension  pension  obligation  pension  fund  George  Osborne  Tories  Conservative  Party  Policy  Makers  austerity  constituency  Party  Funding  babyboomers  ageing  population  demographic  bubble  secular  stagnation  savings  rate 
february 2016 by asterisk2a
UK consumes far less than a decade ago – 'peak stuff' or something else? | Business | The Guardian
From crops to energy and metals, average material consumption fell from 15 tonnes in 2001 to just over 10 tonnes in 2013 [...] UK households have also abandoned buying many resource-intensive goods common in the recent past – such as metal-heavy video recorders and hi-fi systems, vinyl records, CDs and books – as they shift to digital consumption. [...] The figures will spark fresh speculation that Britain and other developed economies have hit ‘peak stuff’, although some critics pour scorn on the quality of the ONS’s environmental accounts. In January, Ikea said the appetite of western consumers for home furnishings had reached its peak and consumption of many familiar goods was at its limit. Household spending on physical goods, including furnishings, clothing, cars and gadgets, decreased between 2002/03 and 2014, [...] Households now spend more on services than physical goods, he said. [...] [ saturation in some markets but we are not living in peak stuff ]
peak  stuff  secular  stagnation  demographic  bubble  zombie  consumer  materialism  status  anxiety  consumerist  consumer  choice  consumerism  sustainability  sustainable  resource  depletion  finite  resources  consumer  debt  marginal  propensity  to  consume  disposable  income  discretionary  spending  household  debt  car  loan  credit  card  debt  student  loan  debt  student  loan  student  debt  StudentLoans  savings  rate  retirement  poverty  in  old  age  poverty  squeezed  middle  class  wage  stagnation  job  creation  low  pay  low  income  Zero  Hour  Contract  Contractor  self-employment  working  poor  precarious  work  Precariat  capitalism  western  world  COP21  carbon  tax  carbonfootprint  carbonemission  sharing  economy  Service  Sector  Jobs  recycling 
february 2016 by asterisk2a
Why Hillary Clinton’s ‘super-predator’ concession is such a big moment for political protest - The Washington Post
Clinton’s 1996 speech included some language about these so-called super-predators implying that they were a generation of guilt- and compassion-free sociopaths who, in the interest of society, simply had to be contained. [...] Clinton seemed audibly and visibly irritated, saying she would answer if allowed to speak and then, even more notably, “that no one had ever asked her that before.” Then, Clinton essentially moved on with her regularly scheduled fundraising program. There was no accounting, partial or full, for her 1996 position nor how she arrived at her 2016 stance on criminal justice reform. Moving on. [...] Clinton decided to offer an apology for using that “super-predator” and “brought to heel” language. In the 1990s both were part of a relatively popular but now largely discredited theory about rising youth crime. [ tough on crime was] effective tactic with white voters, because in the [US] there are a whole host of persistent stereotypes abt race & criminality.
Hillary  Clinton  prison–industrial  complex  mandatory  minimum  sentences  War  on  Drugs  Beschaffungskriminalität  economic  justice  System  Bail  racial  profiling  post-racial  America  racial  discrimination  meritocracy  meritocratic  American  Dream  Career  Politicians  No  Representation  social  democracy  plutocracy  oligarchy  Super  Rich  1%  Integrationspolitik  Sozialpolitik  downward  mobility  social  mobility  income  mobility  youth  crime  youth  unemployment  deprivation  Perspektivlosigkeit  trickle-down  economics  USA  neoliberalism  neoliberal  social  safety  net  welfare  state  recidivism  rate  Rehabilitation  presidential  election  2016  double  standard  stereotype  bias  prejudice  crime  white-collar  crime  public  sentiment  public  perception  public  opinion  Bill  Clinton  presidency  barackobama  judgement  snap  judgement  injustice  MLK  child  poverty  poverty  trap  food  poverty  mental  health 
february 2016 by asterisk2a
George Osborne warns of further spending cuts in Budget - BBC News
[ LOL! ] But recent figures showing the UK economy was smaller than expected meant savings must be found in his Budget statement on 17 March, he said. [...] Mr Osborne said he would rather look for extra cuts now than risk breaking his own manifesto commitment to achieve a surplus in the budget by the end of this Parliament. The chancellor did not completely rule out raising taxes in the event of a further slowdown in growth, but said that now was not the time for "significant" tax hikes. [...] I'm absolutely clear we've got to root our country in the principle that we live within our means and that we have economic security." [...] "whole purpose of our economic plan was to have a budget surplus. [...] we got big challenges at home to make the economy more productive even as more people get work. [ because having part of your budget in the property bubble is so productive ] [...] I will do what is required to keep our country safe and secure." [ NOT CHANGING PLANS ie U-TURN ]
UK  secular  stagnation  austerity  Richard  Koo  Japan  economic  history  dogma  ideology  IMF  OECD  ChristineLagarde  economists  Paul  Krugman  Joseph  Stiglitz  Robert  Reich  David  Cameron  Tories  nasty  party  recovery  aggregate  demand  Conservative  macroeconomic  policy  microeconomic  policy  fiscal  policy  monetary  policy  Mark  Carney  BOE  City  of  London  HMRC  tax  evasion  tax  avoidance  self-employment  corporate  tax  rate  Service  Sector  Jobs  working  poor  multiplier  precarious  work  Precariat  low  pay  low  income  tax  credit  housing  benefit  income-based  JSA  Zero  Hour  Contract  Contractor  wage  stagnation  stagnation  DWP  Iain  Duncan  Smith  skills  gap  STEM  productivity  output  gap  Manufacturing  industrial  policy  neoliberalism  neoliberal  trickle-down  economics  Chicago  School  JohnMaynardKeynes  keynes  Keynesianism  Pact  Schuldenbremse  Wolfgang  Schäuble  Angela  Merkel  European  Union  property  bubble  apprenticeships  value  creation  added  value  underinvestment  productive  investment  infrastructure  investment  competitiveness  marginal  cost  energy  price  energy  policy  Hinkley  Point  C  nuclear  power  nuclear  waste  subsidies  subsidizing  corporate  welfare  lobbyist  lobby  Lobbyin 
february 2016 by asterisk2a
Brexit-Befürworter träumen vom Singapur auf Steroiden - SPIEGEL ONLINE
Ohne EU geht es der britischen Wirtschaft besser: Das versprechen Brexit-Befürworter, die mehr Handel und weniger Bürokratie erwarten. Doch ihre Hoffnungen sind mit hohen Risiken behaftet. [...] Am Dienstag warnten die Chefs von rund 200 britischen Unternehmen wie Vodafone Chart zeigen, Jaguar Land Rover und Shell Chart zeigen mit einem offenen Brief in der "Times" vor dem sogenannten Brexit. Bei einer Umfrage der Bertelsmann-Stiftung sprachen sich vier von fünf Unternehmenschefs für einen Verbleib in der EU aus. Andernfalls, so die Brexit-Gegner, drohten Jobverluste und Unternehmensverlagerungen. [...] Handel: Schwellenländer statt EU
City  of  London  neoliberalism  dogma  ideology  neoliberal  neoconservatism  neoconservatives  trickle-down  economics  austerity  corporate  tax  rate  self-regulation  regulation  banking  crisis  bank  bailout  GFC  Brexit  UK  Career  Politicians  trade  agreement  BRIC  emerging  middle  class  emerging  market  Frontier  Markets  TTIP  TPP  AIIB  PR  misrepresentation  Positioning  spin  doctor  regulators 
february 2016 by asterisk2a
Five issues that will shape the Northern Powerhouse - BBC News
[ white elephant! lol & the double standard of Google paying 2% tax vs small businesses full 18%+ and not getting investment, R&D loans ] Will Hull thrive or suffer if transport is radically improved to the eastern fringe of the Powerhouse? There's no way of telling. Some people think investment in skills, education and training would be a more certain way of improving productivity - and business leaders are keen to ensure that these key elements are not forgotten in the rush for steel and tarmac. I asked former CBI director-general John Cridland, who is now head of Transport for the North, if there was any certainty that spending billions on infrastructure would improve productivity. He agreed there was no proof, but urged people to take a leap of faith - like the Victorian engineers.
STEM  skills  gap  practical  skills  apprenticeships  underinvestment  productive  investment  Northern  Powerhouse  UK  George  Osborne  David  Cameron  productivity  output  gap  recovery  carbon  tax  renewable  energy  competitiveness  competitive  industrial  policy  Germany  corporate  tax  rate  tax  evasion  tax  avoidance  conglomerate  multinational  HMRC  budget  deficit  dogma  ideology  austerity  squeezed  middle  class  job  creation  Service  Sector  Jobs  added  value  value  creation  economic  history  property  bubble  distortion  HS2  Hinkley  Point  C  HS3  infrastructure  investment  infrastructure  macroeconomic  policy  macroprudential  policy  zombie  banks  BOE  Funding  for  Lending  Scheme  Mark  Carney 
february 2016 by asterisk2a
Full-time work is no bar to poverty in UK, report says | Society | The Guardian
Despite at least one adult working full time, millions of households cannot make ends meet, Joseph Rowntree Foundation reports [...] Millions of households struggle to make ends meet even though they include at least one adult in full-time work, according to a report by the Joseph Rowntree Foundation (JRF). Living standards have declined since 2008 despite the economy’s return to growth, the anti-poverty charity said, warning that families with children are at particular risk of a life in poverty. [...] The MIS is determined by asking members of the public to define what is needed to “live to an adequate level”. The threshold is £16,850 for a single person, £25,600 for a lone parent with one child and £36,060 for a single breadwinner with two children. [...] Approximately 11.6 million people in the UK live below the MIS, [...] An improving economy alone is not guaranteed to reverse this rise.” [...] [ no economic security in this recovery! ]
Service  Sector  Jobs  job  creation  precarious  work  Precariat  minimum  wage  Zero  Hour  Contract  Contractor  UK  poverty  tax  credit  child  poverty  squeezed  middle  class  wage  stagnation  income  growth  low  pay  low  income  disposable  income  discretionary  spending  income  distribution  income  inequality  Gini  coefficient  income  mobility  downward  mobility  social  mobility  income  redistribution  tax  free  income  recovery  austerity  living  standard  quality  of  life  Perspective  Perspektivlosigkeit  deprivation  economic  security  GFC  secular  stagnation  economic  history  inequality  health  inequality  trickle-down  economics  dogma  ideology  neoliberalism  neoliberal  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  DWP  George  Osborne  David  Cameron  Iain  Duncan  Smith  budget  deficit  tax  evasion  tax  avoidance  USA  household  debt  consumer  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  Bubble  child  care  social  safety  net  welfare  state 
february 2016 by asterisk2a
Google defends UK tax arrangements - BBC News
VIP deal. // HMRC says it is constrained by the complicated tax laws. If they are to change, it is politicians who need to act. [ BUT Tories see no need 4 change! >> bbc.in/1UtqLHU ] // "We want to pay the right tax." - bbc.in/1PFmYDW //&! Spin Doctor Osborne and Positioning at work! - bbc.in/1KHXx7N - as if Google approached HMRC and as if 6 years investigation doesn't count << Osborne is misrepresenting! Osborne also cut HMRC stuff stupid! in his 2010 budget //&! Cameron defends Google tax deal after criticism - bbc.in/1o2xEFg - effective tax rate 3% ... HMRC citing laws preventing to collect more, bc UK does not outlaw tax arrangements like Dutch Sandwich and Double Irish and Cayman Islands (reps from this countries say it is up to UK to outlaw such arrangements for their domiciled businesses and turnover in their country!) //&! bbc.in/1Qz7uFL - Paying more tax, no rules changed, HMRC and Tories deal (Party Funding at risk); just more not the full amount.
Google  tax  evasion  tax  avoidance  Google  Inc.  HMRC  George  Osborne  budget  deficit  austerity  Career  Politicians  No  Representation  lobbyist  lobby  Lobbying  revolving  door  corporate  tax  rate  double  standard  conglomerate  multinational  Wall  Street  shareholder  value  profit  maximisation  plutocracy  oligarchy  Super  Rich  1%  social  democracy  democracy  inequality  Gini  coefficient 
february 2016 by asterisk2a
UK trade deficit widens further as exports suffer | Business | The Guardian
Nevertheless, the UK’s goods trade gap with the rest of the world widened by £1.9bn to a record high of £125bn in 2015. Howard Archer, chief UK economist at IHS Global Insight, said: “UK exports have clearly struggled in recent months, as they have been hampered by sterling’s overall strength in 2015, particularly against the euro, and moderate global demand. [...] Recent declines in the value of sterling are expected to support exports sales, though the deteriorating global situation could mitigate against an improved exchange rate. [...] “Nonetheless, any progress in reducing the trade deficit is likely to be extremely slow in the near term, leaving the recovery reliant on domestic demand.” [...] [ you can lower your corp tax, but if your country is shitty in business environment ie infrastructure and employee qualifications and immigration ... nobody wants to do business ]
UK  trade  deficit  current  account  deficit  budget  deficit  tax  reciepts  2015  2016  recovery  secular  stagnation  underinvestment  business  investment  austerity  economic  history  global  economy  emerging  market  Frontier  Markets  BRIC  foreign  direct  investment  productive  investment  infrastructure  investment  Richard  Koo  consumer  debt  household  debt  credit  card  debt  car  loan  Student  Bubble  debt  servitude  discretionary  spending  government  spending  disposable  income  generation  rent  ZIRP  NIRP  QE  liquidity  trap  zombie  corporations  zombie  consumer  distortion  financial  repression  speculative  bubbles  hunt  for  yield  fiscal  policy  monetary  policy  BOE  property  Housing  Crisis  George  Osborne  competitiveness  productivity  output  gap  job  creation  Service  Sector  Jobs  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  immigration  migration  Super  Cycle 
february 2016 by asterisk2a
As growth falters, Osborne hopes Mark Carney can keep a lid on interest rates | Business | The Guardian
The chancellor faces lower GDP and lower tax receipts as a result. So it’s vital that consumers’ desire to keep spending isn’t hit by a nasty shock from the Bank [ // Confidence Fairy // ] The Bank of England has downgraded its forecasts for the UK’s GDP growth and the outlook for wages, most likely robbing the exchequer of vital income tax receipts. And without the funds to maintain pensions and health service spending, his critics will gleefully play back the speech from last November during which he declared that Britain was on the road to becoming “the most prosperous and secure of all the major nations of the world”. [...] Yet his words ring hollow when so many of the post-crash problems are still with us, from the burden of high private and public debts to Europe’s rapidly ageing population, which encourage saving over investment, and a reluctance from government and big business to boost capital spending.
George  Osborne  secular  stagnation  2016  2015  Mark  Carney  BOE  consumer  debt  household  debt  mortgage  market  subprime  credit  card  debt  zombie  consumer  UK  GDP  output  gap  productivity  job  creation  Service  Sector  Jobs  recovery  economic  history  austerity  underinvestment  business  investment  public  investment  fiscal  policy  monetary  policy  Richard  Koo  Paul  Krugman  David  Cameron  nasty  party  Conservative  Tories  short-termism  credit  bubble  debtoverhang  debt  servitude  disposable  income  discretionary  spending  marginal  propensity  to  consume  Funding  1%  financial  repression  New  Normal  constituency  babyboomers  oligarchy  Gini  coefficient  income  distribution  income  inequality  plutocracy  Super  Rich  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  income  growth  low  pay  low  income  wage  growth  economic  growth  precarious  work  Precariat  tax  credit  tax  free  income  corporate  tax  rate  minimum  wage  budget2015  Food  Bank  foreign  direct  investment  productive  investment  infrastructure  investment  demographic  bubble  western  world  USA  European  Union  ageing  population  CapEx  Capital  Expenditure  zombie  corporations  zombie  banks 
february 2016 by asterisk2a
More Evidence Supporting the House of Debt | House of Debt
Many have argued that we overstate the importance of housing and household debt in explaining the Great Recession and weak recovery. They point to the banking crisis, policy uncertainty, or excessive regulation as equally or even more important. The data released today by the BEA show pretty clearly that the arguments we make in House of Debt remain relevant for thinking about economic weakness today. In our view, the explanation we provide is the most consistent with the striking difference in consumption across states. // From Comments: Without real median income rising you can’t grow in an economy based on debt expansion
secular  stagnation  consumer  debt  mortgage  market  household  debt  USA  UK  recovery  GFC  credit  card  debt  debt  servitude  debtoverhang  Richard  Koo  student  loan  debt  Super  Cycle  student  debt  debt  monetisation  debt  monetization  private  debt  fiscal  policy  monetary  policy  book  marginal  propensity  to  consume  consumerist  consumerism  zombie  consumer  discretionary  spending  disposable  income  negative  equity  job  creation  precarious  work  Precariat  low  pay  low  income  Service  Sector  Jobs  job-creation  squeezed  middle  class  Elizabeth  Warren  income  distribution  inequality  Gini  coefficient  income  mobility  social  mobility  American  Dream  post-racial  America  Joseph  Stiglitz  Thomas  Piketty  Paul  Krugman  part-time  Zero  Hour  Contract  Contractor  income  growth  income  inequality  economic  history  Super  Rich  1%  austerity  oligarchy  plutocracy  fiscal  stimulus  budget  deficit  corporate  welfare  tax  avoidance  tax  evasion  corporate  tax  rate  subsidies  subsidizing  welfare  state  social  safety  net  western  world  trickle-down  economics  neoliberalism  neoliberal  Chicago  School  credit  bubble  liquidity  trap  balance  sheet  recession  deleveraging 
february 2016 by asterisk2a
Masters in Business: Yale Professor Robert Shiller (Audio) by Bloomberg View
history has proven again, markets are not efficient long-term // psychology is disreputable in econ department. // cognitive dissonance - justifying X action by looking around ... / Efficient-market hypothesis is a hypothesis for a reason; "it's a half-truth" "sometimes market moves don't reflect market news." // irrational exuberance // book fooled by randomness // 24:00 eugene phama - markets are very efficient, prices reflect all the knowledge out there, just buy the index, don't try to beat the market. buy passive index // don't play poker with your life savings. << robert shiller // 30:00 look at politics science, sociology, psychology - influence markets, people. broader disciplines. economists disregard them. // finance is about manage risk! about being a productive society and progress, and not suffer from boom and bust cycle! + financing activities ie VC gov supported R&D // & gov being a support pillar for all and not picking winners, can't forecast the future!
free  market  marketplace  efficiencies  marketplace  inefficiencies  efficient-market  hypothesis  complexity  human  Wall  Street  crowd  herd  herding  speculative  bubbles  distortion  economic  history  GFC  subprime  book  Robert  Shiller  robertshiller  behavioral  finance  behavioral  economics  finance  corporate  welfare  subsidies  subsidizing  corporate  tax  rate  R&D  Venture  Capital  Angel  Investor  Seed  Round  risk  pension  fund  pension  obligation  401k  public  pension  pension  scheme  pension  marginal  propensity  to  consume  plutocracy  Super  Rich  1%  Greed  oligarchy  self-regulation  disposable  income  discretionary  spending  negative  equity  boom  &  bust  secular  stagnation  shareholder  value  profit  maximisation 
february 2016 by asterisk2a
DWP post for Amazon boss is 'disgusting', says Margaret Hodge | Business | The Guardian
The Labour MP and tax campaigner Margaret Hodge has described as “disgusting” a plan to give an executive of online retailer Amazon, one of the companies at the centre of an intensifying row over taxes, a directorship at the Department for Work and Pensions. Hodge was responding to the news, first revealed by Sky News, that Amazon’s head of Chinese operations, Doug Gurr, is to become a non-executive director of the DWP. The DWP said it would issue a statement, which was not available at the time of publication. Amazon declined to comment. [...] Amazon’s UK business paid just £11.9m in tax in 2014, even though its Luxembourg unit took £5.3bn from internet sales in the UK. [...] [ in private VIP tax deals, double standard, no representation, no democracy. one rules for the oligarchy/plutocracy and another for the peons. ] [ amber rudd - tobacco ties ] [ judgement call by George Osborne to make tax deals and not make everyone equal however big or small they are ]
tax  evasion  tax  avoidance  DWP  double  standard  democracy  HMRC  No  Representation  oligarchy  plutocracy  1%  Super  Rich  Wall  Street  shareholder  value  profit  maximisation  lobbyist  lobby  Lobbying  revolving  door  Amber  Rudd  Westminster  Policy  Makers  folly  Party  Funding  constituency  nasty  neoliberalism  neoliberal  trickle-down  economics  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  Tories  Conservative  Party  George  Osborne  David  Cameron  fairness  Generationengerechtigkeit  bank  bailout  austerity  budget  deficit  Toff  Privileged  Establishment  GFC  recovery  economic  history 
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
Simple Weed Question Destroys Drug Czar's Chief Deputy - YouTube
Michael Botticelli, the drug czar's chief deputy // US Rep. at Pot Hearing: 'People Don't Smoke Marijuana and Beat Up Their Wives' - youtu.be/wOU_3wsc35s - 'nobody dies from marijuana. [...] meth and heroin are the drugs that ravage our country. [...] your focus on marijuana is a failure of war on drugs, its a crime to incarcerate people possessing marijuana. [...] the drug war is a serious failure.' //&! US Rep. To Deputy Director of Drug Policy: You're 'Part of the Problem' - youtu.be/qj-n082LsI4 //&! Congressman Destroys War on Marijuana in Four Minutes - youtu.be/texEvnmciy4 //&! Bill Clinton: Let States Legalize Marijuana - youtu.be/feIHOAR1IP8 //&! Obama On Legalizing Marijuana - youtu.be/88oGtAyUioM //&! Colorado Is Literally Too Rich Because Of Weed - youtu.be/6awP8S9NzqM - +50m tax rev in first year
War  on  Drugs  Legalisation  decriminalisation  decriminalization  tobacco  Alcohol  abuse  alcoholism  cannabis  Marijuana  Medical  Marijuana  USA  dogma  ideology  substance  abuse  public  sentiment  addiction  Career  Politicians  No  Representation  public  health  policy  public  health  mandatory  minimum  sentences  incarceration  rate  prison–industrial  complex  post-racial  America  racial  profiling  Beschaffungskriminalität  self-medication  coping  mechanism  drug  abuse 
january 2016 by asterisk2a
Scottish cabinet calls on UK Chancellor to cut oil and gas 'tax burden' - BBC News
- how about putting money in renewable schemes? duh? // selecting an industry, that is clearly on the down, in the long run. duh! and is clearly not contributing a carbon free economy!
corporate  welfare  subsidies  subsidizing  Principle  SNP  Oil  price  Career  Politicians  constituency  corporate  tax  rate  fossil  fuel  carbon  trading  scheme  carbonfootprint  carbonemission  carbon  tax  UK  Westminster  Holyrood 
january 2016 by asterisk2a
MPs launch tax inquiry after criticism of £130m Google-HMRC deal | Business | The Guardian
MPs have launched an inquiry into the UK’s tax system after the government was accused of allowing Google to pay too little in a £130m deal. The House of Commons Treasury committee announced that it would examine whether a radical shakeup of corporation tax was needed, amid concern that Google has been allowed to get away with an effective rate of 3%. The inquiry is not directed at Google, but will investigate the UK’s shrinking corporate tax base more widely and whether HMRC is doing enough to tackle avoidance. It will ask whether there needs to be a radical shakeup of the system, and whether business taxation could be based on turnover rather than profits. Andrew Tyrie, chairman of the committee, said the UK’s tax law had become too elastic, allowing companies to get away legally with paying too little. [...] [ 6 year audit by HMRC, is a sweetheart VIP backroom deal, 130m was all they got, not more! from Google. ] //&! bit.ly/1RJc713 &! bbc.in/1UoxMJQ
Google  Inc.  corporate  tax  rate  tax  avoidance  tax  evasion  UK  HMRC  double  standard  No  Representation  lobbyist  lobby  Lobbying  economic  justice  trickle-down  economics  job  creation  Policy  Makers  Tories  Conservative  Party  nasty  neoliberalism  neoliberal  budget  deficit  Amazon  Apple  Microsoft  Starbucks  accountability  oversight  Greed  shareholder  value  profit  maximisation  Wall  Street  crony  capitalism  capitalism  Career  Politicians  Westminster  budget2015  Manifesto  general  election  2015  Generationengerechtigkeit  fairness  GFC  bank  bailout  election  campaign  promises  Party  Funding  constituency  babyboomers  globalization  globalisation  USA  Gini  coefficient  plutocracy  oligarchy  Super  Rich  1%  social  democracy  democracy  George  Osborne  David  Cameron  Iain  Duncan  Smith  inequality 
january 2016 by asterisk2a
BBC iPlayer - Britain's Trillion Pound Island - Inside Cayman
20bn£/year go through tax avoidance (legal through loopholes). = 20bn austerity for next 4-5 years this parliament from 2015. and was around the same from 2010 as Tories came to power forming coalition with lib dems. // who can pay for the lawyer and lobbyist - to implement loopholes. // its the gov that lets make the rules, by lobbyists. // (New Labour) Gordon Brown cut corp tax in his time by 5% and Osborne will have it cut by further 10% points in his two parliament sittings as chancellor. "You can't compete with Zero." << Cayman Islands (no infrastructure and no educated people) - vs. - UK (with infrastructure and educated people, social safety net, pensions). // ultimately, tax laws have to be changed in the local country, not cayman islands.
UK  offshore  banking  tax  avoidance  austerity  fairness  Generationengerechtigkeit  budget  deficit  Wall  Street  shareholder  value  profit  maximisation  lobbyist  lobby  Lobbying  Tories  Conservative  Party  nasty  HMRC  revolving  door  No  Representation  democracy  social  democracy  bank  bailout  GFC  crony  capitalism  capitalism  Greed  budget2015  budget2010  non-dom  Super  Rich  1%  oligarchy  plutocracy  City  of  London  poverty  income  distribution  income  redistribution  inequality  Gini  coefficient  social  mobility  income  mobility  Policy  Makers  Career  Politicians  Westminster  Council  Public  Services  Services  constituency  babyboomers  globalization  globalisation  neoliberalism  neoliberal  tax  evasion  loopholes  welfare  state  social  safety  net  corporate  tax  rate  trickle-down  economics  George  Osborne  David  Cameron  GordonBrown  Labour  Party  borderless  accounting  scandal  white-collar  crime  corporate  scandal  corporate  crime  IMF  OECD 
january 2016 by asterisk2a
Google agrees £130m UK tax deal with HMRC - BBC News
Google has agreed to pay £130m in back taxes after an "open audit" of its accounts by the UK tax authorities. The company had been accused of "not paying its fair share" of tax, and criticised for complex tax structures. Senior figures at the technology company have said that they want to draw a line under the issue. [...] Tax inquiry Google's move comes after a six year inquiry by Her Majesty's Revenue and Customs (HMRC) [ which is underfunded ] . It acted after controversy over the low level of taxes paid by multinational companies that operate in the UK but are headquartered abroad. Despite the UK being one of Google's biggest markets, it paid £20.4m in taxes in 2013. The value of its sales in Britain that year was £3.8bn. The company has been criticised for its complex international tax structures. //&! sweetheart deal, HMRC and the government has shown to be weak! - bbc.in/1Nre9v5 - but be hard on families with children and vulnerable. //&! bit.ly/20kNZmU &! bit.ly/1PNNhHq
HMRC  tax  evasion  tax  avoidance  Google  Inc.  Wall  Street  profit  maximisation  shareholder  value  austerity  budget  deficit  lobbyist  lobby  Lobbying  corporate  tax  rate  George  Osborne  constituency  City  of  London  London  budget2015  No  Representation  social  democracy  democracy  UK  fairness  Generationengerechtigkeit  Super  Rich  1%  oligarchy  plutocracy  exploitation  revolving  door  Party  Funding  Career  Politicians  Tories  nasty  Conservative  Party  GFC  bank  bailout  economic  history  David  Cameron  vulnerable  Disabled  Iain  Duncan  Smith  DWP  double  standard  structural  unemployment  tax  credit 
january 2016 by asterisk2a
Stigma of mental illness | Alastair Campbell - YouTube
you can never anticipate when change, social change comes. legislation is usually a response to change. mental health is last big taboo. // >> "Control the Message." << you can not control where the message goes. you can only control what you say and what you do << budget deficit. need to get into surplus. to pay down debt. but not telling not the disabled increased the budget deficit so massively, but the bankers bailout and the pensioners. and the corporate welfare. never was the cause adressed. what is easier? cut minority? or tax your party funders? the city and non-doms and super rich? mega properties? // what is easier to cut? cancer service, child protection service, mental health service?
mental  health  mental  illness  stigma  public  sentiment  public  awareness  public  health  policy  public  health  public  image  racism  prejudice  snap  judgement  public  perception  public  opinion  democracy  public  debate  Makers  gay  rights  gay  marriage  discrimination  transphobia  Transphobic  homophobic  Homophobia  Islamophobia  Ausländerfeindlichkeit  Xenophobia  changing  attitudes  Social  Media  PR  spin  doctor  manufactured  consent  propaganda  Polarisation  populism  Positioning  George  Osborne  David  Cameron  refugee  crisis  HR  human  resources  austerity  Tories  nasty  party  Conservative  dogma  ideology  bank  bailout  Funding  Career  Politicians  No  Representation  constituency  non-dom  Super  Rich  1%  corporate  tax  rate 
january 2016 by asterisk2a
Why is the pound falling so sharply? - BBC News
Weak economic data is casting doubt on the future performance of the UK economy, with inflation persistently well below the Bank of England's 2% target and earnings growth slowing down from a six-year high. Earlier this month, figures for November showed that UK industrial output had suffered its sharpest decline since 2013. Looking further ahead, investors are worried about the outcome of a referendum on the UK's continued membership of the EU. As Andy Scott of foreign exchange services firm HiFX put it: "Concerns over the UK economy and the risk of a Brexit look likely to continue to haunt sterling." Traders are also generally more risk-averse in the light of the global turmoil caused by Chinese market problems and falling oil prices, which makes them reluctant to buck sterling's downward trend.
UK  BOE  Taper  ZIRP  NIRP  QE  liquidity  trap  debtoverhang  consumer  debt  household  debt  credit  card  debt  mortgage  market  industrial  policy  austerity  monetary  policy  fiscal  policy  Richard  Koo  zombie  consumer  zombie  banks  zombie  corporations  monetary  transmission  mechanism  monetary  theory  unconventional  monetary  policy  Mark  Carney  MPC  energy  policy  energy  price  competitive  competitiveness  STEM  underinvestment  tax  evasion  tax  avoidance  corporate  welfare  corporate  tax  rate  subsidies  subsidizing  secular  stagnation  immigration  migration  job  creation  low  income  Service  Sector  Jobs  recovery  GFC  bank  bailout  budget  deficit  London  Scottish  Independence  Scottish  referendum  Devolution  Brexit  uncertainty  unknown  unkown  global  economy  credit  bubble  debt  servitude  Super  Cycle  student  loan  debt  student  debt  baddebt  NPL  private  debt  economic  history  Niall  Ferguson  democracy  Super  Rich  1%  oligarchy  plutocracy  Gini  coefficient  inequality  social  mobility  income  mobility  Precariat  Zero  Hour  Contract  precarious  work  Contractor  low  pay  minimum  wage  George  Osborne  Tories  dogma  ideology  Conservative  Party  neoliberal 
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
Wealthy areas 'getting cash aimed at poorer communities' - BBC News
[ when councils can not raise $ because there is no money $ then there needs to be redistribution. thus devolution praised to regenerate areas like the north, is a con trick. positioning. for votes. normal people don't read and think farther than headlines. ] Most of the money aimed at regenerating Scotland's most disadvantaged communities is going to wealthier areas, a report has said. The independent regeneration network, Surf, said current policies were increasing rather than reducing inequality. [...] The report said there was evidence that, following the financial crash of 2008, there was a trend of public and private sector capital being invested in Scotland's affluent areas and commercial centres with poorer areas missing out. It said that was damaging town centres and "secondary locations" such as Falkirk and Paisley. [...] fairer, wealthier and more successful place for everyone."
Devolution  Council  tax  UK  wealth  distribution  income  redistribution  deprivation  Public  Policy  London  corporate  tax  rate  neoliberalism  neoliberal  SNP  Tories  Northern  Powerhouse  Manchester  Conservative  Party  nasty  PR  spin  doctor  Positioning  election  campaign  promises  populism  tax  evasion  tax  avoidance  income  distribution  wealth-distribution  general  election  2015  Public  Services  Social  Services  austerity  post  code  lottery  education  NHS  community  structural  unemployment 
january 2016 by asterisk2a
Committee warns of decline in Scottish employment standards - BBC News
[ always announcing new jobs created #, but not the wage ] Members said there had been a "decline in job quality" in recent years, with an increase in low-paid zero-hours contract jobs since the 2008 recession. Their report said public money could be better used to support workers. The committee heard evidence from scores of organisations and took submissions from more than 600 people. Convener Murdo Fraser said the evidence from firms and workers suggested there had been a decline in job quality and an increase in low-paid jobs on "exploitative" zero-hours contracts in recent years. He said: "Whilst employment statistics point to an increase to those in work, if we look beyond the figures, we have uncovered a worrying trend in poor quality employment. [...] "We heard during our inquiry that poor quality work has a significant impact on people's health and wellbeing.
job  creation  Zero  Hour  Contract  Service  Sector  Jobs  recovery  GFC  precarious  work  Precariat  low  income  minimum  wage  working  poor  tax  credit  squeezed  middle  class  UK  USA  part-time  poverty  trap  Gini  coefficient  social  mobility  income  mobility  poverty  child  poverty  working  tax  credit  child  tax  credit  education  policy  skills  gap  job  market  job  security  output  gap  productivity  living  wage  Tories  Conservative  Party  nasty  Positioning  PR  spin  doctor  wage  growth  wage  stagnation  income  growth  consumer  debt  household  debt  credit  card  debt  credit  card  car  loan  austerity  consumer  confidence  business  confidence  subsidies  subsidizing  corporate  welfare  well  being  happiness  happiness  index  mental  health  microeconomic  policy  macroeconomic  policy  corporate  tax  rate  tax  evasion  tax  avoidance  Wall  Street  profit  maximisation  shareholder  value  neoliberalism  neoliberal  dogma  ideology  corporate  scandal  CSR  corporate  social  responsibility  philanthropy  underinvestment  STEM  public  investment  business  investment  Foreign  Direct  investment  productive  investment  infrastructure  investment  fiscal  policy  ZIRP  NIRP  QE  distortion 
january 2016 by asterisk2a
Osborne warns of 'dangerous cocktail' of economic risks - BBC News
[ repeat phrases - "strong economy", "strong economy, strong NHS" ] The UK faces a "cocktail" of serious threats from a slowing global economy as 2016 begins, Chancellor George Osborne has warned. Speaking in Cardiff, Mr Osborne said this year is likely to be one of the toughest since the financial crisis. He told business leaders that far from "mission accomplished" on the economy, "2016 is the year of mission critical". His message is in stark contrast to the positive tone of his Autumn Statement, when he said the UK was "growing fast". [...] that the Autumn Statement had put in place a four-year plan to restore the UK's public finances, and make the economy more productive, with businesses more competitive so they could create jobs. [...] Mr Osborne told the Today programme the UK's economic recovery was not "a debt-fuelled recovery", citing the support of the governor of the Bank of England in his assessment. [ not public, but private household debt! ]
George  Osborne  Career  Politicians  PR  spin  doctor  budget2015  Tories  Conservative  Party  nasty  austerity  underinvestment  productive  investment  productivity  output  gap  job  creation  wage  growth  consumer  debt  household  debt  Positioning  energy  policy  competitiveness  renewable  energy  corporate  welfare  corporate  tax  rate  Generationengerechtigkeit  fairness  subsidies  subsidizing  NHS  Jeremy  Hunt  David  Cameron  general  election  2015  election  campaign  promises  Manifesto  constituency  babyboomers  Opportunism  opportunist  Oil  price  bank  bailout  fiscal  policy  monetary  policy  Housing  Crisis  affordable  generation  rent  property  bubble  NPL  mortgage  market  car  loan  credit  card  debt  budget  deficit  balance  sheet  current  account  deficit  trade  deficit  borderless  flat  world  globalisation  globalization  debt  servitude  debtoverhang  student  loan  debt  private  debt  sovereign  debt  corporate  debt  student  debt  student  loan  Maintenance  Grant  Education  Maintenance  Allowance  ZIRP  NIRP  QE  distortion  BOE  Buy-to-Let  Help  to  Buy  Scheme 
january 2016 by asterisk2a
New year, old grievances: why Britain’s bugbears in 2016 look very familiar | Martin Boon | Opinion | The Guardian
A new survey of what’s on our minds reveals a nation still obsessed with the same things as in the 1960s - inequality and immigration [...] Seven out of 10 suggest that inequality and immigration create the biggest societal divides of today [ but tories take on what is easiest, immigration. but not inequality ] So nothing’s changed, and it’s likely not much will – at least, not if you’re a member of our world-weary public, exasperated with the collective failure of political solutions to modern-day grievances.
inequality  Gini  coefficient  UK  austerity  nasty  party  tax  evasion  tax  avoidance  corporate  welfare  corporate  tax  rate  CEO  pay  bank  bailout  GFC  general  election  2015  election  campaign  promises  constituency  babyboomers  Generationengerechtigkeit  Super  Rich  1%  non-dom  Conservative  David  Cameron  Toff  Westminster  Holyrood  Establishment  Privileged  UKIP  far-right  Brexit  Opportunism  opportunist  PR  Positioning  spin  doctor  HMRC  lobbyist  lobby  Lobbying  Career  Politicians  No  Representation  rat  race  working  poor  Precariat  NHS  education  policy  democracy  social  democracy  George  Osborne  migration  immigration  COP21  climate  change  War  on  Terror  military–industrial  complex  Lügenpresse  disenfranchise  disenfranchised  Perspektivlosigkeit  deprivation  squeezed  middle  class  Wall  Street  shared  economic  interest  crony  capitalism  globalisation  globalization  borderless  flat  world  uncertainty  Fear  fearmongering  Nationalism  Rechtsruck 
january 2016 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
Credit rating: why George Osborne has got his name on Star Wars: The Force Awakens | Film | The Guardian
[ still, after all the cuts to culture and arts. this is a Politicians Prestige 'celebrity-like' Object, for Disney Company (who bought Star Wars franchise for 4bn) which avoids taxes through several loopholes and deals; cbsn.ws/1IoxfGW & bit.ly/1641Jvx & bit.ly/165eVQM & bbc.in/1GeICMa ] [ competitive devaluation - tax - for jobs. it is always jobs. easy claim to create jobs ] The prominent credit that George Osborne and Ed Vaizey received in the final roll of Star Wars: The Force Awakens has turned into something of an embarrassment for the government – not only because of the government’s persistent attempts to associate itself with the record-breaking Hollywood blockbuster – which led to Osborne getting booed at the premiere for the film in London’s Leicester Square – but also because of large-scale reimbursements the film is expected to receive from HMRC under the government’s film tax-relief scheme.
lobbyist  lobby  Lobbying  white  elephant  corporate  welfare  subsidies  subsidizing  Hollywood  Career  Politicians  culture  austerity  crony  capitalism  tax  evasion  tax  avoidance  capitalism  Wall  Street  Disney  George  Osborne  nasty  party  Tories  Conservative  No  Representation  fairness  Generationengerechtigkeit  Policy  Makers  folly  short-termism  corporate  tax  rate 
december 2015 by asterisk2a
Congress OKs year-end budget deal, sends to Obama
$680 billion tax package extending dozens of breaks touching all sectors of the economy, making several of them permanent & tossing the entire cost onto the deficit. [pork barrels] [...] But they boasted of using their leverage, veto threats from Obama & the GOP's craving for the oil export ban to extract numerous concessions from Republicans, including five-year extensions of solar and wind tax credits, a top goal for Reid. And they blocked numerous policy "riders" Republicans sought on the environment and other issues. "They wanted big oil so much that they gave away the store," Pelosi gloated [...] The bill extends more than 50 expiring tax cuts, with more than 20 becoming permanent, including credits for companies' expenditures for research and equipment purchases, and reductions for lower-earning families and households with children and college students. Ryan cited the lifting of the oil export ban, the large increase for the Pentagon & curbs on the activities of EPA & IRS
corporate  tax  rate  subsidies  subsidizing  corporate  welfare  trickle-down  economics  neoliberalism  neoliberal  lobbyist  lobby  Lobbying  fairness  presidency  barackobama  austerity  USA  GFC  bank  bailout  budget  deficit  globalization  globalisation  revolving  door  democracy  social  democracy  No  Representation  Career  Politicians  corporate  scandal  accounting  scandal  economic  history  Gini  coefficient  inequality  Super  Rich  1%  meritocracy  meritocratic  social  mobility  income  mobility  American  Dream  compromise  IRS  EPA  Pentagon  military–industrial  complex  War  on  Terror  CISA 
december 2015 by asterisk2a
▶ BBC Two - Victoria Derbyshire, Jamie Oliver: 'Energy drinks need age limits'
diet-related diseases have a slow progression [...] "confusion is what protects the industry." [...] "capacity to make wrong choices much easier that to make right choices." [...] [ today's food addicts are always surrounded by their enablers and drug dealers, socially acceptable ] //&! Can we cut sugar levels in our food? - 2/3 of adults at least overweight, only 17% of children meet the 5 a day - bbc.in/1Iolos2 - 'reduce sugar in packaged food.' + 'processed food with health claims' [<< where is the broccoli lobby when you need them?] Iceland Manager "can't expect a nation to change eating habits [of ready meals high in fat, salt and additives.]." [<< have to do it 1 by 1 on a local basis, community led]
diet-related  disease  pre-diabetic  diabetes  substance  abuse  obesity  epidemic  obesity  childhood  obesity  tobacco  Big  Sugar  Sugar  Tax  food  industry  processed  food  fast  food  junk  food  food  engineering  Politics  food  poverty  Desert  child  abuse  energy  drink  non-alcoholic  fatty  liver  disease  liver  disease  alcohol  abuse  drug  abuse  parenting  childhood  childhood  development  Tories  lobbyist  lobby  Lobbying  Jamie  Oliver  nasty  party  short-termism  corporate  rate  advertisement  advertising  marketing  Positioning  reframing  framing  WHO  Conservative  Policy  Makers  revolving  door  PR  spin  doctor  NHS  health  crisis  sick  population  Meat  carcinogen  carcinogenic  Dairy  Fish  Milk  food  waste  Egg  complexity  capitalism  crony  capitalism  profit  maximisation  shareholder  value  Wall  Street  Nudge  theory  public  health  public  health  health  care  budget  premature  ageing  health  care  spending  UK  prevention  intervention 
december 2015 by asterisk2a
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