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asterisk2a : generationengerechtigkeit   359

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Mental health services for the young is NHS's 'silent catastrophe' | Society | The Guardian
The failings have led to high staff turnover, poor morale and poor working conditions. One child psychotherapist, who wished to remain anonymous, said: “I am considering leaving the NHS as I am worried it is no longer safe to practise.

“It is tragic to witness the demise of a once-flourishing and truly multi-disciplinary specialist Camhs. My skills are going to waste. [...] This year, the NHs watchdog the Care Quality Commission rated 39% (26 services) of specialist Camhs as requiring improvement. Those surveyed by the ACP were asked whether they could see any evidence of the government’s claim of making “one of the biggest expansion of services in Europe” – 93 % of respondents said they saw no evidence of this. &! https://www.theguardian.com/society/2018/jun/29/nhs-chief-major-ramp-up-of-childrens-mental-health-services-needed
NHS  Austerity  Tories  nasty  party  CAMHS  mental  health  Theresa  May  education  policy  public  prevention  Generation  Generationengerechtigkeit  Conservative  Privatisation  CQC 
7 weeks ago by asterisk2a
Families thousands of pounds worse off after years of cuts, study finds | Society | The Guardian
universal credit intro is hidden cut to tax credits for the poorest to make ends meet. // so much for "burning injustice" of effective tax rate of 65% // “The losses are alarming, and will damage the life chances of hundreds of thousands of children growing up under austerity.” // single mothers and bame single mothers hit hardest by Austerity. // Overall, the study said, cuts to the existing benefit system since 2010 will push 700,000 children into poverty, after accounting for housing costs. The two-child limit for benefit payments alone will put 200,000 children in poverty once the system has been fully extended nationwide, the calculations suggested.
Universal  Credit  poverty  trap  child  taxcredit  DWP  Austerity  UK  Precariat  deprivation  ESA  disabled  Council  working  debt  Gesellschaft  Sociology  Society  nasty  party  Tories  Theresa  May  Conservative  Generationengerechtigkeit  GFC  bank  bailout  tax  evasion  avoidance  taxation  welfare  state  mental  health  wellbeing  well-being  Psychology  class  Brexit  childhood  parenthood  parenting  public 
november 2017 by asterisk2a
Homes are not assets to be passed on to children, says minister | Society | The Guardian
houses became a mini-social welfare net among families. and a helping hand in social/income mobility for those benefiting/children and children children. // also current gen funding elderly care have less wage, less money (inflation), less prospects, no mobility, student debt, and high rents.
Erbschaftsteuer  dementiatax  dementia  taxation  property  bubble  UK  housing  crisis  rentier  economy  Alzheimer  demographic  ageing  premature  social  care  adult  elderly  Council  bedblocking  bed  blocking  chronic  sick  population  sickcare  demand  healthcare  health  NHS  Austerity  asset  inheritancetax  inheritance  Generationengerechtigkeit  Generation  Rent 
october 2017 by asterisk2a
FactCheck: Theresa May’s claim about housing doesn’t give the full picture – Channel 4 News
There have been six full financial years since the Tories took office in 2010. In four of those years, the number of new houses being built was lower than it was at any time under Labour.
UK  social  housing  Council  affordable  Crisis  Austerity  cartel  duopoly  Generation  Rent  Generationengerechtigkeit  disposable  income  discretionary  spending  debt  bubble  growth  secular  stagnation  immigration  homeownership 
october 2017 by asterisk2a
Millennials spend three times more of income on housing than grandparents | Society | The Guardian
Millennials are spending three times more of their income on housing than their grandparents yet are often living in worse accommodation, says a study launched by former Conservative minister David Willetts that warns of a “housing catastrophe”. [....] They are four times as likely to rent privately than two generations ago, a sector which has the worst record for housing quality, the report claims.
Millennials  UK  housing  crisis  affordable  social  Generation  Rent  Generationengerechtigkeit  babyboomers  baby  boomers  disposable  discretionary  income  Spending  Generationy  GenY  oligopol  oligopoly  Corruption  lobby  vested  interest  bubble  underinvestment  Austerity  debt  revolving  door  asset  distortion  London  Productivity  output  gap  skills  student  loan  GFC  mortgage  risk  recovery  secular  stagnation  lost  lostdecade  decade  history  Margaret  Thatcher 
september 2017 by asterisk2a
Millennials wish they had grown up in baby boomers' times – survey | Money | The Guardian
Resolution Foundation study reveals growing concern about debt, job security, home ownership and retirement finances [...] “I feel sorry for millennials. They live in this low-wage economy now,” said one baby boomer. “I’m not sure how they’re going to afford anything. It’s dreadful.”
Babyboomers  Mark  Blyth  MarkBlyth  Millennials  Generationengerechtigkeit  poverty  trap  neoliberal  neoliberalism  Capitalism  Exploitation  affordable  housing  Generation  Rent  seeking  Rentier  UK  student  debt  job  security  Standard  of  Living 
september 2017 by asterisk2a
Britain’s young suffer as austerity continues to take its toll | Letters | Business | The Guardian
It is governmental negligence when the poorest young citizens do not have enough money to heat a home or buy a healthy balanced diet. Universities report time and time again that cold homes increase rates of respiratory disease, cardiovascular disease, excess winter deaths and mental illness. Inadequate diets increase the risk of malnutrition, obesity, diabetes and cardiovascular disease. Debt with insufficient income impacts on health indirectly through increased stress, depression and anxiety, and suboptimal coping behaviours – such as increased rates of smoking and drinking.

After the crash in 2008, the Queen asked: “Why did no one see it coming?” Ten years later, she might well ask the same question about the rise of early deaths among young people.
Rev Paul Nicolson
Taxpayers Against Poverty
UK  Austerity  economic  History  poverty  trap  public  health  self-medication  coping  mechanism  petty  crime  drugs  Soziologie  socioeconomic  Sociology  Alcohol  alcoholism  fast-food  western  diet  S.A.D.  chronic  sick  population  premature  ageing  death  mental  Generationengerechtigkeit  Precariat  working  poor  insecurity 
august 2017 by asterisk2a
Back to the future on inflation
[ no rising demand = no inflation ] Globalisation and the march of technology have strengthened the hand of employers and weakened that of workers. So it is no surprise that though unemployment has relentlessly fallen, wage growth remains in the doldrums.

Then there is the war between generations. As the baby boomers approached retirement, they sought to safeguard their wealth. Inflation-targeting central banks, the dismantling of the welfare state and fiscal austerity were the natural results. The modern macroeconomic constitution has disenfranchised the inflationary constituency of the young. &! https://www.project-syndicate.org/commentary/tax-cuts-for-the-rich-solve-nothing-by-joseph-e--stiglitz-2017-07
USA  UK  European  Union  inflation  targeting  GDP  demand  economic  history  babyboomers  Generationy  Generation  Generationengerechtigkeit  Millennials  Austerity  secular  stagnation  working  poor  Precariat  poverty  trap  social  income  mobility  inequality  1%  10%  Super  Rich  Plutocracy  Oligarchy  Taxation  trickle-down  ECB  Fed  BOE  BOJ  demographic  bubble  ageing  population  pension  scheme  obligation  Brexit  bank  bailout  recovery  GFC 
july 2017 by asterisk2a
Homebuyers desperate to know who really owns their freehold | Money | The Guardian
[ wild wild west ] A pass-the-parcel nightmare sees freeholds sold by major housebuilders to obscure companies which demand huge sums [... eg ] a fee charged without any material services provided [...] All the leaseholders who contacted Guardian Money are united in their frustration at finding out who is really behind the money extracted from them once their freehold is sold on.
Leasehold  freehold  land  value  tax  Housing  Crisis  Generation  Rent  Generationengerechtigkeit  disposable  income  discretionary  spending  exploitation  self-regulation  profit  maximisation  neoliberal  neoliberalism  Capitalism  evasion  avoidance  UK  regulation  regulators  Legal  Aid  LegalAid  underinvestment  Austerity  Eigentum  ownership  offshore  HMRC  corruption 
july 2017 by asterisk2a
Where have all the movers gone? - Council of Mortgage Lenders
It should be known by now that the policy of a home owning democracy supported by London and exploited by London was and is and will be a catastrophe to the productivity and skills of this economy. Because of the misdirected money flows into unproductive houses (capital, asset for retirement, welfare, social mobility of kids). To the contrary of Germany. When policy of capital investment is geared towards poductive investments, assets, capital, skills, expansion, R&D. And where renters have rights! //&! https://twitter.com/resi_analyst/status/880801297208889344 - The housing ladder only worked because of the unique economic conditions of the late 20th century. It's now broken and unlikely to recover. & https://twitter.com/tomhousing/status/881775765033025536 - and houses don't pay taxes (NI, pension pot).
Housing  Crisis  Generationengerechtigkeit  Generation  Rent  mortgage  ZIRP  QE  NIRP  UK  Lobby  Lobbying  Policy  speculation  ROI  underinvestment  malinvestment  productivity  output  gap  skills  economic  history  Brexit  London  shareholder  profit  maximisation 
july 2017 by asterisk2a
Why don't we elect MPs by proportional representation? - BBC News
FPTP is no more fit for purpose in a diverse country like UK! two-party system is out-dated /// "Millions of voters feel they are unrepresented in parliament - whether it is because they live in one of hundreds of 'safe seats' across the country, or because they feel forced to 'hold their nose' and opt for a 'lesser evil' rather than the party they truly support." // rule by majority is not democratic! especially in environment where corporate lobby w vested interest can water down anything at will! see sugar tax, climate change, air pollution etc. // and not to forget the right win media lobby landscape - owning 70% of newspapers.
GE2017  FPTP  electoral  reform  UK  No  Representation  lobby  vested  interest  revolving  door  Capitalism  media  landscape  Generationengerechtigkeit  sustainability 
may 2017 by asterisk2a
This benefit cut will make youngsters homeless. It’s another Tory failure | John Healey | Opinion | The Guardian
When homeless charities are speaking out, but ministers refuse to listen, people will rightly ask – what is the government hiding? And why is a prime minister who claims she wants a “country that works for everyone” putting thousands of young people at risk?
homeless  homelessness  child  care  Tories  Austerity  Council  nasty  party  Conservative  DWP  Generationengerechtigkeit  JAM  Theresa  May  Philip  Hammond  drugs  crime  PR 
april 2017 by asterisk2a
Budget 2017: £2bn for social care and tax rise for self-employed - BBC News
http://www.bbc.co.uk/news/business-39114211 http://www.bbc.co.uk/news/uk-politics-39214295 debt going down bc of state asset sales !!! lol like reverse PFI ! http://www.bbc.co.uk/news/uk-politics-39203784 Philip Hammon tip-toeing around the issue of self-employment disparieties and exploitation. Damaging welfare state. While at the same time going through w corp tax cut from Osborne, as well as inheritance tax cut, capital gains, banks, ... also tip-toing around the business rate increase w a temporary relieve to the discretion of each council (call that a admin & beaurocracy catastrophe and prone to abuse, why give relive fund money to one and not the other?) & nothing for NHS. And still going ahead with Triple Lock Pension and no housing benefit for young. And still going ahead w cut in real terms of edu budgets. And still going ahead w no parity in mental health RE DWP ESA limit not funding mental health conditions.
HMRC  Philip  Hammond  Theresa  May  Tories  Conservative  Party  nasty  budget  Brexit  NHS  National  Insurance  NI  adult  social  care  elderly  self-employment  tax  evasion  avoidance  Council  Austerity  ageing  population  demographic  bubble  chronic  sick  health  demand  Generationengerechtigkeit  Triple  Lock  Pension  Trickle-down  Housing  Benefit  Crisis  education  policy  IMF  homelessness  homeless  inequality  technological  unemployment  mobility  welfare  state  child  poverty  downward  income  trap  gini  Coefficient  Disabled  JAM  DWP  JSA  ESA  working  poor  squeezed  middle  class  Precariat  zero  hour  contract  part-time  PFI 
march 2017 by asterisk2a
'Parents have been asked to help clean': how budget cuts are affecting schools | Education | The Guardian
Schools in England face a squeeze in funding. We asked how it was impacting on your school – here are the responses we got [...] We can no longer afford books, pencils or computers. [...] The cuts are stopping me doing my job. They are stopping the students from learning. In a time when we should be looking to develop engaging lessons which teach students valuable life skills, I am using 20-year-old textbooks and the kids are copying information from it. It is depressing. I know what a modern curriculum should look like, I know the lessons I would like to teach. I do not have the resources to do it. Eventually this will encourage me to leave. &! https://www.theguardian.com/education/2017/mar/07/headteachers-write-to-parents-over-school-funding-and-job-cuts
UK  Brexit  Austerity  education  policy  IMF  Tories  Conservative  Party  nasty  underinvestment  NHS  grammar  schools  free  Philip  Hammond  JAM  social  mobility  inequality  poverty  trap  Theresa  May  income  attainment  gap  child  childhood  children  taxation  Generationengerechtigkeit  Triple  Lock  Pension  Privatisation  Academy  PISA  tax  evasion  avoidance  welfare  state  downward 
march 2017 by asterisk2a
Budget 2017: Hammond to tell us the Brexit vote could have been worse | Business | The Guardian
consumers carried on spending and businesses continued to expand.

The picture for the public finances is also looking rosier compared with Hammond’s maiden autumn statement in November. [...] But here’s what the chancellor will not tell you: living costs have gone up and will continue to do so. The poorest will be hit hardest as the cost of essentials such as food and heating take a growing chunk out of already tight family budgets. Wages will struggle to match rises in inflation and the government’s benefit cuts mean that incomes will fall for the poorest people in Britain. In short, unless the government does something significant to improve living standards this week, inequality will start rising again.
UK  JAM  working  poor  squeezed  middle  class  Precariat  Theresa  May  Philip  Hammond  Austerity  DWP  HMRC  inflation  wage  growth  social  mobility  inequality  income  Tories  Productivity  child  poverty  trap  output  gap  recovery  GFC  bank  bailout  nasty  party  Conservative  Generationengerechtigkeit  babyboomers  Millennials  generation  rent  living  standard  discretionary  spending  disposable  credit  taxation  household  debt  mortgage  housing  crisis  Consumer  Consumerism  economic  history  neoliberalism  interventionism  crony  capitalism  tax  evasion  avoidance  corporatism  Exploitation  zero  hour  contract  part-time  minimum  generational  divide  Triple  Lock  Pension 
march 2017 by asterisk2a
Homelessness expected to rise further as Government scraps housing benefit for young people | The Independent
cutting benefits will push up payments and cost of homelessness, destitution, drug abuse, crime, etc. - http://www.independent.co.uk/voices/housing-benefit-under-22-young-people-cut-theresa-may-save-money-ideological-cruel-a7612321.html?cmpid=facebook-post - Getting rid of housing benefit for 18 to 21-year-olds won't even save us that much money – it's ideological cruelty
When just 11,000 people will be affected (small fry in financial terms), it’s hard to escape the conclusion that the goal isn’t really to help people at all, but to punish them
JAM  UK  DWP  Austerity  Housing  Benefit  Council  Tories  generation  rent  nasty  party  Conservative  Disabled  ESA  destitution  JSA  sanctions  social  mobility  poverty  trap  Food  Bank  income  education  policy  Theresa  May  Philip  Hammond  Iain  Duncan  Smith  minimum  wage  living  standard  growth  child  working  poor  squeezed  middle  class  Precariat  Gini  Coefficient  CEO  pay  tax  evasion  avoidance  corporation  corporatism  bailout  crony  capitalism  neoliberalism  Damian  Green  Germany  Rentnerrepublik  babyboomers  inequality  Generationengerechtigkeit  generational  divide 
march 2017 by asterisk2a
Making Britain Great Again by Niall Ferguson - YouTube
Brexit is a misnomer. it is not about British, Brexit is about the English! And Scotland failed to amend the outcome. What matters is age in turnout. The problem of granny voting out. GENERATIONAL CONFLICT in 21st century. And general inequality. Sovereignty was smth for alt-right people (authoritarian liking correlation). [...] and most importantly, IT IS NOT THE ECONOMY ANY MORE, STUPID (identity over pay day). At least for half of it. See also Donald Trump. LIES IN POLITICS HAVE NEVER BEEN MORE POWERFULL THAN 2016 - Brexit and Trump. DailyMail about EEA's. Immigrants take no jobs from "English." Immigration has contributed to growth (GDP). + WILL BE LONGEST DIVORCE. = HIT TO ECON WILL BE AS HARSH AS PREDICTED! HARD BREXIT MIGHT EVEN BE UNDERESTIMATED. [...] Populism (multiculturalism, social liberalism, immigration, environmentalism, feminism, globalisation, capitalism/corporatism) vs Cosmopolitism & Econ Left vs Econ Right [...] Brexit campaign was succesulf as in that leave voters dont think didnt think economically, it would make much of a difference. The more you were for Brexit, the less economics mattered. THIS DIVORCE WIL COST WAY MORE THAN ANYONE COULD HAVE THOUGHT ... and longer. Not 2 years. [...] When populist leaders seek to exploit (populism) policy for their own end (&personal career/gain), the sceptical voter should be ver ver very suspicious.
Brexit  Scotland  SNP  Westminster  Whitehall  political  history  economic  immigration  identity  politics  Generationengerechtigkeit  Generation  Millennials  UK  Populism  Populismus  alt-right  far-right  right-wing  corporatism  Corporate  crony  capitalism  Exploitation  globalisation  Multiculturalism  liberal  liberalism  Elite  Establishment  Privileged 
january 2017 by asterisk2a
Revolutionary politics in the UK
// yanis is liberal marxist // &! Will John McDonnell's fiscal rules work for Labour? Paul Mason Vs John Rentoul - youtu.be/0EISho5eSUc - OBR econometrics dictated by Treasury, George Osborne w wonky multipliers that don't fit w IMF models. IMF calls for fiscal stimulus! since late 2015 because China's credit bubble popped and global economy started to head south.
Yanis  Varoufakis  Paul  Mason  Labour  Party  Jeremy  Corbyn  Bernie  Sanders  Marxism  democracy  No  Representation  Super  Rich  1%  oligarchy  plutocracy  tax  evasion  tax  amnesty  tax  avoidance  Soziale  Marktwirtschaft  fairness  Social  Justice  economic  bank  bailout  GFC  austerity  Generationengerechtigkeit  revolving  door  lobby  Greed  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  Wall  Street  Main  Street  squeezed  middle  class  working  poor  Precariat  poverty  trap  economic  history  UK  globalisation  globalization  global  economy  self-regulation  deregulation  regulation  regulators  secular  stagnation  trickle-down  economics  free  market  exploitation  liberal  economic  reform  self-employment  job  security  job  insecurity  Zero  Hour  Contract  antitrust  winner  take  all  gini  coefficient  inequality  deprivation  poverty  John  McDonnell  austerity  aggregate  demand  Richard  Koo  Joseph  Stiglitz  Schuldenbremse  Fiscal  Pact  economic  history  neoliberal  neoliberalism  OBR  Chicago  School  neoclassical  economics  infrastructure  investment  liquidity  trap 
april 2016 by asterisk2a
Clouds gather over solar power after golden years of success
After a day in which Britain generated more power from the sun than from coal for the first time, the industry should be rejoicing. But the mood is fearful [...] But over the last year both the RO and FiT support mechanisms have been either removed or wound dramatically further down – with the government arguing the industry should largely be fending for itself while bill payers should be spared unnecessary cost. [...] [ spokesman from energy department - no subsisdy for renewables, ... but strike price guarantee for nuclear energy w nuclear waste problem]
Amber  Rudd  energy  policy  UK  energy  price  competitiveness  Hinkley  Point  C  subsidies  subsidizing  renewable  energy  COP21  carbon  tax  carbon  trading  scheme  carbonfootprint  carbon  capture  carbonemission  short-termism  George  Osborne  austerity  underinvestment  Smart  Grid  infrastructure  investment  Schuldenbremse  general  election  2015  general  election  2020  Generationengerechtigkeit  fairness  bank  bailout  corporate  welfare  babyboomers  climate  change  global  warming  climate  crisis  extreme  weather  weather  extreme  nuclear  power  nuclear  waste  energy  storage  nasty  party  double  standard  David  Cameron  Career  Politicians  No  Representation  budget2015 
april 2016 by asterisk2a
Revealed: England faces shortfall of 10,000 primary school places
[ we are not all in it together ] Councils say funding pressure is deepening crisis but Department for Education says free schools will make up the numbers [...] [north and deprived areas] The latest data reveals that the councils facing shortfalls in places by 2019-20 are Bolton, Manchester, Oldham, Leeds, Leicester, Birmingham, Walsall, Bexley, Greenwich, Richmond upon Thames, Sutton and Slough. //&! Poor children need better chance of good school place, says report. High-performing primary schools are under-selecting pupils from low-income families, claims education charity - bit.ly/23AJFFf
staff  shortage  staff  morale  austerity  education  policy  Academy  Nicky  Morgan  Michael  Gove  Council  Public  Services  Social  Services  deprivation  Gini  coefficient  Generationengerechtigkeit  triple-lock  pension  mobility  income  mobility  poverty  trap  child  poverty  food  poverty  fuel  poverty  well  being  poverty  selection  bias  prejudice  snap  judgement  George  Osborne  David  Cameron  budget2015  budget2016  general  election  2015  constituency  Party  Funding  election  campaign  promises 
april 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
John Whittingdale, the dominatrix, and the papers - BBC Newsnight
more trouble for the Tories, adding to the pile. //&! Should Culture Secretary John Whittingdale go? - BBC Newsnight - youtu.be/kydcuQnPvM8 //&! Labour calls to curb John Whittingdale's powers after escort relationship - bbc.in/1Sedsy1 //&! How have we found ourselves in this strange situation where privacy campaigners who have pushed for tighter rules are up in arms because the private life of a single cabinet minister was not reported? - bbc.in/1MuqIMT //&! The press are right to tread more warily when deciding whether to publish stories about the private life of public figures - bit.ly/1qpFZnU
nasty  party  journalism  journalismus  celebrity  culture  John  Whittingdale  BBC  culture  society  phone  hacking  British  Broadcasting  Company  British  Broadcasting  Corporation  austerity  libraries  Public  Services  Social  Services  George  Osborne  TV  Licensing  Fee  Generationengerechtigkeit  babyboomers  injunction  Royal  Family  Daily  Mail  Tabloid  gossip  gossip  culture  Glossy  Magazine  Leveson  Inquiry  sex  worker  sexuality  BDSM  Newspaper  Industry  pageviews  self-regulation  Ofcom  regulation  regulators  Career  Politicians  No  Representation  Conservative  Tories  Whitehall  Toff  Privileged  Establishment 
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
Workers or Shirkers? Ian Hislop's Victorian Benefits
An entertaining, provocative film in which Ian explores the colourful history behind one of the most explosive issues of our times - welfare: who deserves to be helped, and who doesn't. [... ] all hate, no heart. just spreadsheets. at Whitehall, no 11. [...] Benefit Street = victorian freak show/circus of curiosities [...] writing about others, "othering" them. demonising them or putting them on pedestals, making them saints. [...] IDS "a single mother wo aspiration is a product of the system" would correct that, a product of her environment (society) [ie gentrification - poor living w poor door to door. and everyone is looking down on them.].
Universal  Basic  Income  class  warfare  poverty  trap  child  poverty  tax  credit  tax  free  austerity  DWP  Iain  Duncan  Smith  ESA  JSA  WCA  Disabled  vulnerable  mental  health  civil  society  Gesellschaft  Gesellschaftswerte  substance  abuse  self-medication  deprivation  structural  unemployment  poverty  drug  addiction  drug  abuse  Public  Services  Social  Services  NHS  sick  population  capitalism  Soziale  Marktwirtschaft  Soziale  Gerechtigkeit  society  moral  beliefs  ethics  philosophy  Universal  working  poor  low  pay  low  Precariat  precarious  work  mobility  mobility  education  policy  Gini  coefficient  economic  history  Super  Rich  1%  Establishment  Privileged  Toff  No  Representation  Career  Politicians  squeezed  middle  class  class-warfare  Sozialpolitik  Integrationspolitik  immigration  migration  UK  microeconomic  policy  macroeconomic  policy  meritocracy  meritocratic  stigma  Food  Bank  crony  capitalism  bailout  corporate  welfare  tax  evasion  tax  amnesty  tax  avoidance  shareholder  capitalism  lobby  revolving  door  ladder  Service  Sector  Jobs  aggregate  demand  fairness  Zero  Hour  Contract  part-time  incentive  self-employment  Contractor  working  class  Trade  Union  neoliberal  neoliberalism  Workers  Rights  Workers  Union  economic  justice  economic  tax  welfare  welfare  poverty  education  oppo 
april 2016 by asterisk2a
Yanis Varoufakis: »MONEY AND POWER«, Public Lecture 2015-11-04
3rd bailout loan $0 went to Greece. All to pay off banks. extend & pretend. 1st: ~90% went to the banks. [...] ESM does not exist [...] banking union plan not progressing at all. //&! Yanis Varoufakis @Oxford Union - youtu.be/zWB6lY2GBjQ - ACADEMIA LACKS ANTI-ESTABLISHMENT ATTITUDE! Because going against the grain has become anti-reputation. [...] it's all about expectations, predictions about where S&P500 will be in 12 months. [...] regression between theory and reality. economists have never been humble. [ see Wall Street cottage factory of analysis and prediction shops ] [...] if you torture the data and model enough it will confess. [< EU monetary union based on theory ] [...] [34:00] Brussels is technically incompetent and will not reform itself. I am a libertarian marxist. Schumpeter. true creative destruction. great wealth currently created - all going to 1%. = not humanitarian. not democratic. [...] 41:00 Q&A, <48:50> gov budget not same as household budget; George Osborne.
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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.
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april 2016 by asterisk2a
Tyler Cowen: "The Great Stagnation", Michael Vassar & Cowen Debate at Singularity Summit 2011
gains are harder to come by! low hanging fruit gone. [...] VISION IS NEEDED TO GET THE JOB DONE.
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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.
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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.
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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
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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.
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april 2016 by asterisk2a
Sustainability or Prosperity? Why Not Both? | PolicyCast
describes the rapidly growing field of sustainability science, which combines a variety of disciplines in both the hard and social sciences to find paths towards a sustainable future. //&! Book Pursuing Sustainability: A Guide to the Science and Practice – (2016) by Pamela Matson, William C. Clark, Krister Andersson. //&! http://www.hks.harvard.edu/news-events/publications/insight/international/william-clark &! https://scholar.google.co.uk/citations?user=LkLCmQwAAAAJ&hl=en &! http://earthsky.org/human-world/william-c-clark-defines-sustainable-development &! Jeffrey Sachs - Global Cooperation and Sustainable Development - youtu.be/cRWtRh3yLI0 &! "Common Wealth: Economics for a Crowded Planet." - youtu.be/n3kzzVP2c7w &! Jeffrey Sachs: "The Price of Civilization" - youtu.be/_G6SYmQ0swg - profoundly underestimated globalization's long-term effects: jobs, incomes, poverty, and the environment.
sustainability  sustainable  macroeconomic  policy  microeconomic  policy  underinvestment  public  health  global  warming  economic  damage  GDP  Generationengerechtigkeit  fairness  extreme  weather  weather  extreme  unknown  unknowns  unintended  consequences  crony  capitalism  shareholder  capitalism  Wall  Street  No  Representation  Career  Politicians  air  pollution  water  pollution  noise  pollution  pollution  mass  extinction  ecological  damage  environmental  damage  livestock  farming  industrial  agriculture  policy  folly  short-term  thinking  short-termism  short-term  view  social  value  policy  error  ecological  footprint  carbonfootprint  deforestation  soil  erosion  climate  change  climate  crisis  book  society  Wertegesellschaft  Wegwerfgesellschaft  Jeffrey  Sachs  Movement  environmental  disaster  environment  environmentalism  resource  depletion  finite  resources  Pesticides  fungicide  herbicide  colony  collapse  disorder  Great  Pacific  Garbage  Patch  Great  Barrier  Reef  drought  Ozone  politician  Fossil  fuel  industry  Food  Politics  carbon  tax  COP21  planning  law  building  code  renewable  energy  energy  policy 
april 2016 by asterisk2a
Budget 2016: Four key numbers - BBC Newsnight
weaker outlook for income tax receipts & economy/global economy >> OBR has done 'no projections' on impact of Brexit: Robert Chote - BBC Newsnight - youtu.be/A0jvIUKTU1U //&! Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight - youtu.be/L0TBTbfNgCw - "WE HAD THE BIGGEST BANK BAILOUT" //&! NICKY MORGAN ON TORY WELFARE ROW - BBC Newsnight - youtu.be/IC_Yhggk62o
Budget2016  OBR  secular  stagnation  income  tax  receipts  productivity  gap  recovery  economic  history  Richard  Koo  Brexit  Schuldenbremse  Fiscal  Pact  general  election  2020  austerity  underinvestment  business  confidence  job  creation  Service  Sector  Jobs  low  pay  low  income  working  poor  tax  credit  Zero  Hour  Contract  wage  stagnation  squeezed  middle  class  self-employment  part-time  Contractor  Zero  Hour  Contract  recovery  economic  history  UK  fairness  Generationengerechtigkeit  pension  obligation  triple-lock  pension  bank  bailout  trickle-down  economics  dogma  ideology  Richard  Koo  Privatisation  free  market  demographic  bubble  poverty  child  poverty  food  poverty  ESA  Disabled  vulnerable  DLA  PIP  DWP  Iain  Duncan  Smith  sanctions  JSA  social  housing  affordable  housing  Crisis  property  bubble  welfare  state  welfare  reform  Universal  housing  benefit  social  safety  net 
march 2016 by asterisk2a
Budget 2016 shows Osborne's failure on debt, surplus, GDP
// higher in-work poverty
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march 2016 by asterisk2a
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.
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march 2016 by asterisk2a
Hey Britain – Your Kids Have Just Been Privatised
"Thatcher said the problem with socialism is that you run out of other people money. Henry VIII will tell you the problem with crony capitalism is you eventually run out of other people’s assets to sell." [...] In George Osborne’s mercurial March 2016 budget he showed his own Machiavellian sleight of hand. He is now seen as a politician whose leadership ambitions come before the welfare of the British people. Osborne’s allegiance is to The City not the country. When he and Peter Mandelson holidayed on financier Nat Rothschild’s yacht do you think they talked about free school meals and increasing the economic opportunities of the people in Grimsby? [...] Look at his actions and we see that one of Osborne’s aims is to reinstate the class divisions that began to ebb away with socially progressive policies. This last budget sought to weave a line into the fabric of society between the haves and have-nots. [...] We are at the end of the debt cycle and there’s nowhere else to go. [...] This is not the budget for the next generation of young people. This is the budget for the next generation of rent-seekers, moneymen and crony capitalists.
education  policy  Privatisation  UK  budget2016  Michael  Gove  Nicky  Morgan  George  Osborne  David  Cameron  PISA  Iain  Duncan  Smith  DWP  Gini  coefficient  deprivation  poverty  trap  austerity  Council  income  tax  receipts  secular  stagnation  child  poverty  food  poverty  social  mobility  income  mobility  PR  Positioning  spin  doctor  neoliberal  neoliberalism  trickle-down  economics  dogma  ideology  underinvestment  Richard  Koo  property  bubble  Tony  Blair  constituency  babyboomers  pension  obligation  triple-lock  pension  Generationengerechtigkeit  infrastructure  investment  competitiveness  fairness  rentier  rent-seeking  Ofsted  crony  capitalism  shareholder  capitalism  shareholder  value  profit  maximisation  Wall  Street  profit  maximization 
march 2016 by asterisk2a
Pensions stance creates budgetary mayhem
Disability benefits: they are forecast to increase by £2bn over the next five years. Could do something there. Sickness benefits: they are predicted to rise by about £1bn. Might be able to save some of that. But what's this? It's rising by £15bn over the coming five years. That's the one. Off our Martian goes to see the chancellor. "What are pensions?" she asks. That is the problem the government is struggling with. Its political refusal to touch pensions, or pensioner benefits, has in a stroke protected the single biggest cost in the welfare budget. And the cost that is rising the most. [ AND ADD INTO THE SAME BUCKET THE NHS and PUBLIC HEALTH BUDGET! ] Welcome to your new job, Stephen Crabb.
DWP  Iain  Duncan  Smith  pension  obligation  Tories  Conservative  Party  Party  Funding  constituency  austerity  budget2016  budget2015  babyboomers  PIP  DLA  ESA  general  election  2015  general  election  2020  election  campaign  promises  George  Osborne  David  Cameron  Stephen  Crabb  Generationengerechtigkeit  fairness  aggregate  demand  secular  stagnation  OAP  demographic  bubble  ageing  population  NHS  public  health  health  care  budget  health  care  cost  health  care  spending  sick  population  health  crisis  Universal  Credit  Richard  Koo  Schuldenbremse  dogma  ideology  Fiscal  Pact  European  Union  trickle-down  economics  free  market  neoliberal  neoliberalism  policy  folly  policy  error  welfare  reform  welfare  state  social  safety  net 
march 2016 by asterisk2a
Disability benefits U-turn leaves Cameron with £4.4bn to find
David Cameron has been forced to concede that a £4.4bn black hole created by the U-turn over disability benefits will not be filled by further cuts to welfare as he fought to shore up his credibility following the shock resignation of Iain Duncan Smith. The spending climbdown was announced on Monday by Stephen Crabb, the new work and pensions secretary, an hour after Cameron addressed the political crisis engulfing the Conservative party by offering his support to George Osborne and praise for the work of Duncan Smith. [...] but the Treasury clarified the remarks by stressing that there were no plans to fill the £4.4bn gap caused by dropping PIP reforms with further cuts in welfare spending. &! bbc.in/1S10VIg
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march 2016 by asterisk2a
Work and Pensions Secretary Iain Duncan Smith QUITS Cabinet with vicious swipe at George Osborne over shambolic disability benefit cut U-turn Read more: http://www.dailymail.co.uk/news/article-3499499/Work-Pensions-Secretary-Iain-Duncan-Smith-QUITS-Cabin
[ we are all in this together ] [IDS PIP cuts] 'not defensible' alongside the tax breaks for the wealthy in this week's Budget. [...] He branded slash in benefits for the disabled as being 'indefensible.' IDS hit out at Osborne for lack of awareness and for letting the welfare system be 'salami-sliced' [...] 'I am unable to watch passively whilst certain policies are enacted in order to meet the fiscal self-imposed restraints that I believe are more and more perceived as distinctly political rather than in the national economic interest,' he wrote. The former Tory leader and standard-bearer for the Eurosceptic Right of the party admitted he wanted to cut benefits enjoyed by wealthy pensioners, but these plans were blocked by the Chancellor and the Prime Minister. [...] Mr Duncan Smith believed the Chancellor was too sly and devious in the way he went about balancing the nation’s books. [ Osborne wanted also to increase VAT Solar Panels ]
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march 2016 by asterisk2a
'Graph of Doom' warning to Highland councillors
deprived areas have low tax base to fund welfare and social care, and w demographic bubble, less income tax receipts. this is a double whammy to fund demand of babyboomers. // In a paper to councillors, officers quote research such as a London borough council's "Graph of Doom" showing the effect of spending cuts on services.
The Highland officials also make reference to political commentators describing a period of "perma-austerity" for local government.
They recommend that the council reviews its priorities.
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march 2016 by asterisk2a
Climate change deal: 'Zero carbon' laws promised by government - BBC News
Under current law, emissions must be cut by 80% by 2050 - but ministers have said this does not go far enough. Following the climate deal in Paris, it is clear the UK must not increase CO2 at all because the warming threat is so severe, they added. No details of the law change have been given - and critics said the UK was failing to meet even current targets. [...] However, many in the energy sector will be baffled by what they see as a schizophrenic attitude to climate change from the government. While pledging their allegiance to very demanding CO2 cuts, ministers have made a slew of policy changes that are predicted to increase emissions. [...] government has failed to secure any new nuclear stations, scrapped a competition for carbon capture and threatened cuts in the offshore wind budget unless costs radically fall. [& turned back on] onshore wind and large scale solar energy
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march 2016 by asterisk2a
Britain heading for power cuts next winter, say 60 local authorities | Business | The Guardian
bit.ly/1TOwjhT &! A group representing 60 local authorities has warned that recent closures of large power stations have left Britain heading for power cuts next winter, despite assurances to the contrary from the government. [...] National Grid needed to act immediately to fill the supply gap by sending out new contracts for at least 2,500 megawatts (MW) of additional generating capacity – enough to power 2.5m homes. The alliance wants ministers to reconsider the level of carbon taxes, saying this is one of the key reasons why so many coal-fired power stations are being shut down early. [...] In recent years, coal, nuclear and gas-fired plants have been shut because of low prices, high operating costs or old age. Windfarms have been erected and new nuclear facilities promised but energy companies say gas plants cannot be built without higher subsidies. //&! bit.ly/1MpvhlE - UK doesn not meet 15% of EU renewables target, but cuts subsidies for renewables, duh! &! bit.ly/1sL8Kty
carbon  tax  renewable  energy  Smart  Grid  energy  storage  energy  price  energy  policy  energy  security  UK  competitiveness  austerity  solar  energy  wind  energy  subsidies  subsidizing  corporate  welfare  fossil  fuel  Petroleum  Industry  gas  power  industrial  policy  policy  folly  policy  error  underinvestment  George  Osborne  Amber  Rudd  David  Cameron  Tories  short-termism  Hinkley  Point  C  nuclear  power  nuclear  waste  nasty  party  Generationengerechtigkeit  fairness  babyboomers  dogma  ideology  trickle-down  economics  free  market  neoliberalism  neoliberal  coal  power 
february 2016 by asterisk2a
Secondary school places for all 'undeliverable', councils warn - BBC News
[ planning taken out of hands of councils ] [ first the teachers strike (2014), then the doctors strike (2015/2016) - bit.ly/1T3QTfc ] The legal duty of councils in England to ensure that every child has a school place could soon become undeliverable, local authorities have warned. With a population bulge about to hit secondary schools, councils want powers to open new maintained schools and to compel academies to expand. Thousands of children are due to hear on Tuesday which secondary school they will attend from September. However the government says the warning amounts to "scaremongering". The population bulge which has put primary schools under pressure will start hitting secondary schools this year, according to official figures. Last year councils had to provide 2,740,000 secondary school places, but this will rise to 3,287,000 by 2024, the figures predict.
UK  education  policy  austerity  Council  Public  Services  Social  Services  staff  shortage  staff  morale  Generationengerechtigkeit  fairness  classroom  size  mobility  income  mobility  Gini  coefficient  post  code  lottery  deprivation  Perspektivlosigkeit  child  poverty  poverty  trap  attainment  gap  Tories  nasty  party  dogma  ideology  Conservative  Toff  Privileged  Establishment  budget2010  budget2015  Westminster  Whitehall  No  Representation  Career  Politicians  George  Osborne  Nicky  Morgan  Michael  Gove  David  Cameron 
february 2016 by asterisk2a
Sir Tom Hunter: Education reform needs 'open mind' - BBC News
attainment gap - The attainment gap is where children from poorer neighbourhoods do worse at school than those from better off areas. He found that good leadership and innovation were two key areas to tackling this problem. // money for more assistant teachers, better teachers, and school lunches? and counselling for children and parents?
education  policy  income  mobility  social  mobility  post  code  lottery  Gini  coefficient  austerity  fairness  Generationengerechtigkeit  UK  PISA  child  poverty  poverty  trap  deprivation  Perspektivlosigkeit 
february 2016 by asterisk2a
British people think their media is the most biased and right-wing in Europe - and they're probably right | Voices | The Independent
Just two individuals - Rupert Murdoch and Lord Rothermere - controlled a staggering 52.2 per cent of online and print national news publications in the UK in 2013 [...] All of these newspapers either backed the Conservatives or Ukip in the most recent election and are all considered traditional right-wing publications. If you add up the readership of these right-wing newspapers, they account for a staggering 69 per cent of national newspaper readership in Britain in 2013. Left Foot Forward concluded their analysis by stating that “over three quarters (77.8 per cent) of the press is owned by a handful of billionaires.”
UK  corporate  media  media  conglomerate  multinational  News  Corp.  News  Corporation  foxnews  newscorp  WSJ  far-right  Rechtsruck  Daily  Mail  Rupert  Murdoch  propaganda  Polarisation  populism  journalismus  investigative  journalism  journalism  Westminster  Whitehall  Tories  David  Cameron  nasty  party  Positioning  PR  spin  doctor  misrepresentation  George  Osborne  immigration  migration  austerity  DWP  Iain  Duncan  Smith  Nationalism  USA  tax  evasion  tax  avoidance  welfare  state  social  safety  net  NHS  Privatisation  Super  Rich  1%  oligarchy  plutocracy  freedom  of  press  pluralism  pluralistic  society  lobbyist  lobby  Lobbying  revolving  door  No  Representation  Career  Politicians  UKIP  squeezed  middle  class  wage  stagnation  Wall  Street  shareholder  value  profit  maximisation  GFC  bank  bailout  Generationengerechtigkeit 
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 referendum could destabilise UK recovery, says IMF | Business | The Guardian
[ putting investment decisions and plans on hold! ] Christine Lagarde warns that uncertainty over outcome ‘will be bad in and of itself’ in months leading up to vote [...] But the IMF’s annual health check said “the relatively positive outlook is subject to risks and uncertainties”, including a global slowdown, sluggish productivity growth, a large trade deficit, still-high levels of household debt, and the forthcoming referendum on EU membership. It said any sign of weakness in growth should be met with higher spending by the Treasury. The UK authorities should explore “both revenue and expenditure measures, while protecting spending in priority areas, including healthcare, education, and infrastructure”. The report emphasised that “flexibility in the fiscal framework should be used to modify the pace of adjustment in the event of weaker demand growth”. [ moderates and politicians, wisely worded! no instructions. no direct criticism. ]
Brexit  austerity  household  debt  consumer  debt  property  bubble  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  IMF  OECD  job  creation  Service  Sector  Jobs  trade  deficit  UK  George  Osborne  David  Cameron  fiscal  policy  industrial  policy  labour  market  underinvestment  education  policy  NHS  child  poverty  Gini  coefficient  inequality  social  mobility  income  mobility  recovery  2016  general  election  2015  budget  deficit  election  campaign  promises  Manifesto  Generationengerechtigkeit  fairness  trickle-down  economics  neoliberalism  neoliberal  labour  economics  Zero  Hour  Contract  part-time  minimum  wage  tax  credit  Contractor  self-employment  low  pay  Precariat  working  poor  low  income  disposable  income  discretionary  spending  debt  servitude  monetary  policy  fiscal  stimulus  Pact  Schuldenbremse  general  election  2020 
february 2016 by asterisk2a
Thousands told their pension savings could be at risk - BBC News
[ fees ] It follows fears that dozens of companies providing auto enrolment pensions are too small to survive. The BBC has also uncovered evidence that employers and workers are being deliberately misled by some providers. The government said it was aware of the issue, and was planning to take action. Independent experts claim the problem could affect up to a quarter of a million people a year who are putting their savings into so-called master trust pensions. Such schemes are popular with the 1.8 million small employers with fewer than 30 staff who are currently signing up under the auto enrolment programme. "There is a risk of these schemes falling over; there is a risk that members might lose their money," said Andrew Warwick Thompson, executive director for regulatory policy at the Pensions Regulator. However, he said scheme assets invested through asset managers regulated by the Financial Conduct Authority (FCA) would be safe. This will be "the vast majority of cases", he said.
Tories  Privatisation  self-regulation  regulation  speculation  speculative  retirement  401k  pension  scheme  pension  obligation  pension  fund  public  pension  George  Osborne  David  Cameron  DWP  Iain  Duncan  Smith  Toff  Privileged  Establishment  Whitehall  Westminster  No  Representation  Career  Politicians  dogma  ideology  microeconomic  policy  labour  market  Conservative  Party  nasty  secular  stagnation  Generationengerechtigkeit  Wall  Street  profit  maximisation  shareholder  value  Millennials  generationy  generationx  babyboomers  City  of  London  GFC  oversight  Bank  FCA  Greed  regulators  trust  free  market  neoliberalism  neoliberal  policy  error  policy  folly  HMRC 
february 2016 by asterisk2a
TWiST - E622 by TWiStartups
when displaced through technology "labour will find eventually more productive uses." // creative cognitive non-repetitive work is safe // more bounty // have to have social safety net! general welfare "complex issue" to tax the 1% for that ... // 40:50 Pakistan, Drone Warfare, one hand does x other hand does y ... see PBS Frontline on Iraq war. Also Fahrenheit 9/11. Cablegate. harbouring taliban, al-quaida, refuge and supplying them.
automation  Robotics  AI  artificial  intelligence  augmented  intelligence  self-driving  cars  autonomous  car  Mobile  Creatives  Mobile  Creative  creativity  standard  of  living  economic  history  book  Gini  coefficient  meritocracy  meritocratic  American  Dream  inequality  income  distribution  squeezed  middle  class  wage  stagnation  secular  stagnation  income  redistribution  welfare  state  social  safety  net  food  poverty  poverty  trap  child  poverty  poverty  free  market  trickle-down  economics  neoliberalism  neoliberal  fairness  tax  evasion  tax  avoidance  Generationengerechtigkeit  neoconservatism  neoconservatives  Career  Politicians  No  Representation  plutocracy  oligarchy  Super  Rich  1% 
february 2016 by asterisk2a
Meeresspiegel-Prognose: Nordsee flutet Norddeutschland - SPIEGEL ONLINE
Hamburg, weite Teile Schleswig-Holsteins und der Niederlande versinken im Meer, Brüssel wird Hafenstadt, ein Arm der Nordsee reicht bis Berlin - in 10.000 Jahren könnte das Meer weite Teile Mitteleuropas geflutet haben, sollten neueste Prognosen tatsächlich eintreten. Ursache wäre der ungebremste Ausstoß von Treibhausgasen aus Fabriken, Kraftwerken und Autos. [...] Knapp einen Millimeter pro Jahr könnte sich das Land senken, haben die Forscher aufgrund aktueller Messungen angenommen. Aufgrund des Zusammenwirkens von Meeresspiegelanstieg und Landsenkung würde die Nordsee an der deutschen Küste nach 10.000 Jahren um 35 Meter steigen, folgert Reicherter. [...] Die Klimaschutz-Debatte konzentriere sich zu sehr auf die nahe Zukunft, allzu leicht würde vergessen, dass der Klimawandel Jahrtausende andauern könnte, schreiben die Forscher in "Nature". Treibhausgase blieben noch lange in der Luft, selbst wenn ihr Ausstoß gestoppt würde.
climate  change  global  warming  Generationengerechtigkeit  ocean  warming  rising  sea  levels  soil  erosion  climate  refugees  climate  crisis  climate  science  COP21  unknown  unkown  unintended  consequences  science  carbon  tax 
february 2016 by asterisk2a
Tasting menu: Audio highlights from the February 20th 2016 edition by The Economist
"liberal centrist politicians are not up to the job" always claiming the confidence fairy will show up if they stop what they are doing! "faith in monetary policy is wavering" ... emerging market debt bubble (through hunt for yield, QE, ZIRP, NIRP, credit bubble originating from China) is unwinding and threatening global system stability.
aggregate  demand  ZIRP  NIRP  QE  China  ECB  BOJ  Abenomics  Taper  QT  Fed  distortion  hot-money  austerity  Richard  Koo  Fiscal  Pact  Schuldenbremse  George  Osborne  secular  stagnation  western  world  Wolfgang  Schäuble  Angela  Merkel  European  Union  Mark  Carney  BOE  property  bubble  policy  monetary  policy  economic  history  Gini  coefficient  inequality  tax  evasion  tax  avoidance  underinvestment  productivity  output  gap  lost  decade  lost  generation  Generationengerechtigkeit  bank  bailout  fairness  recovery  unintended  consequences 
february 2016 by asterisk2a
Fiscal Costs of Hidden Deficits: Beware—When It Rains, It Pours | iMFdirect - The IMF Blog
For example, governments are often expected to cover the debts of local authorities or state-owned enterprises when these are unable to pay. Sometimes, governments also incur substantial costs from financial sector bailouts. Countries like Australia and the United Kingdom, record, monitor, disclose, and manage these potential liabilities to minimize risks to their budgets. However, in most cases, taxpayers only know about them when it’s too late. That is, when these liabilities are no longer “potential” but “actual.”
budget  deficit  UK  George  Osborne  economic  history  austerity  pension  obligation  bank  bailout  GFC  Help  to  Save  Help  to  Buy  Scheme  Right  to  Buy  Generationengerechtigkeit  macroprudential  policy  fiscal  policy  Career  Politicians  No  Representation  corporate  welfare  constituency  Party  Funding  subsidies  subsidizing  David  Cameron  Tories  Conservative  Party  nasty 
february 2016 by asterisk2a
Koch Brothers Declare War On Electric Cars - YouTube
introduce a carbon tax, rather than cherry picking! // who is also invested in their "ventures"? Arabs! See also Fahrenheit 9/11 documentary by Michael Moore. //&! Koch Bros Behind Solar Power Fines - youtu.be/E3SDcOZLksk --- ALEC lobby group. //&! Koch Bros Slammed By Billionaire T. Boone Pickens - youtu.be/65Y1RWDdQBI //&! Koch Brothers Caught On Tape - Obama & Osama Compared - youtu.be/hTUjYyae2zw //&! Koch Brothers Destroyed By Bloomberg Report - youtu.be/ENuN2R0je0k //&! Letters Expose Agenda Of Billionaire Koch Brothers - youtu.be/1JdhyI8mmqY //&! Koch Bros Tried To Shut Up Maddow, Bad Idea - youtu.be/J4XQO6bH7_k //&! Zach Galifianakis Slams Koch Brothers - youtu.be/fW96KEbeGTw //&! Koch Brothers EXPOSED: 2014 (ft. Bernie Sanders) - youtu.be/2N8y2SVerW8 //&!
fossil  fuel  vested  interest  interest  groups  carbon  tax  electric  car  Tesla  Motors  renewable  energy  solar  energy  wind  energy  subsidies  subsidizing  COP21  plutocracy  Greed  oligarchy  Super  Rich  1%  revolving  door  lobbyist  lobby  Lobbying  Koch  Brothers  Career  Politicians  Super  PAC  presidential  election  2016  climate  change  Generationengerechtigkeit  global  warming  climate  crisis  economic  damage  Wall  Street  shareholder  value  profit  maximisation  tax  evasion  tax  avoidance  corporate  welfare  pork  barrel  corporate  scandal  Oil  price  commodity  prices  budget  deficit  industrial  policy  competitiveness  competitive  crony  capitalism  history  Saudi  Arabia  petrodollar  Petroleum  Industry  petrodollars  Middle  East  gwbush  bush  georgewbush  fracking  shale  gas  SolarCity  Panel  ALEC  bribery  corruption  antitrust  far-right  free  market  neoconservatism  neoconservatives  neoliberalism  neoliberal 
february 2016 by asterisk2a
This Letting Agent Admits The Housing Shortage Is Good News For Landlords - BuzzFeed News
[ Lord Adair Turner book & Richard Koo; banks tend 2 lend 2 property & land rather than productivity/businesses. risk averse, if the family cant pay the mortgage any more, than at least u have not lost all the money! less risky! Its also partly rentier behaviour of banks. // also BOE has to be concerned about future disposable income; rent & utilities eating up 50%-75% of income thus less for consumption! ] “Landlords’ balance sheets are looking healthier than at any point since 2014, and property investors are looking at an excellent rate of return from their portfolios.” Gill warned that changes to stamp duty announced in chancellor George Osborne’s Autumn Statement and due to take effect on 1 April – people selling buy-to-let investments will pay an extra 3% – were bad news for landlords. But overall, the “consistent and developing lack of housing for across all tenures, for a spiralling population” meant the level of demand for rental properties would not reduce, he said.
property  bubble  speculative  bubbles  asset  bubble  asset  allocation  macroprudential  policy  Generationengerechtigkeit  generation  rent  Housing  Crisis  social  affordable  distortion  ZIRP  NIRP  QE  aggregate  demand  Right  to  Buy  Buy-to-Let  Help  to  Buy  Scheme  Help  to  Save  policy  folly  policy  error  consumer  debt  household  debt  budget  deficit  recovery  mortgage  market  credit  bubble  GFC  bank  bailout  BOE  zombie  banks  rentier  rent-seeking  Richard  Koo  underinvestment  productive  investment  infrastructure  investment  zombie  consumer  industrial  policy  economic  history  Mark  Carney  financial  repression  behavioral  finance  behavioral  economics  herding  herd  hunt  for  yield  leverage  margin  trading  equity  bubble  Gini  coefficient  disposable  income  discretionary  spending  VAR  CDO  CDS  risk  aversion  squeezed  middle  class  secular  stagnation  inequality  UK  generational  contract  lost  generation  constituency  Tories  Conservative  Party  nasty  David  Cameron  George  Osborne  general  election  2015  general  election  2020  fiscal  policy  austerity  monetary  policy  liquidity  trap 
february 2016 by asterisk2a
Dispatches - Low Pay Britain - All 4
living wage starts from 21? 25? // retail big! high street big! - service sector. no manufacturing ... // IT IS CORPORATE SUBSIDY - PROGRAM FOR LOW PAY! // very far from Germay model! // tax payer pays for people in high street! // Ofsted found inadequate conditions! AND SMALL MINORITY GET ACTUALLY A FULL-TIME JOB! LOL LOL LOL! // Social Market Foundation (research) found lvl2 apprenticeship adds nothing to purse over a lifetime. // its DWP policy to get young people off the paper onto other paper largely, still funded, by the gov - still adding to budget deficit. // Ofsted concerned over apprenticeships "wasting public funds" // WHAT A TORY SPIN! // retail places have shot up, and construction plummeted! the latter is harder or put through training providers ( private companies, PRIVATISATION! ). employers are not in charge. to quote one employee of a training provider "meet targets, get money in" its about the # of apprenticeships, not the quality or economic need/industry. //
apprenticeships  exploitation  Workers  Union  Trade  Union  working  poor  Generationengerechtigkeit  fairness  precarious  work  Precariat  self-regulation  minimum  wage  living  wage  low  pay  low  income  welfare  state  social  safety  net  working  tax  credit  tax  credit  housing  benefit  Iain  Duncan  Smith  DWP  spin  doctor  Positioning  Career  Politicians  No  Representation  Service  Sector  Jobs  job  creation  youth  unemployment  policy  folly  policy  error  education  policy  PR  David  Cameron  George  Osborne  industrial  policy  STEM  Manufacturing  microeconomic  policy  macroeconomic  policy  recovery  GFC  disposable  income  discretionary  spending  corporate  scandal  corporate  welfare  subsidies  subsidizing  budget  deficit  Fachkräftemangel  trickle-down  economics  neoliberalism  neoliberal  Wall  Street  profit  maximisation  shareholder  value  Ofsted  skills  gap  budget2015  free  market  Privatisation  dogma  ideology 
february 2016 by asterisk2a
Rural schools failing poor children compared to inner city - BBC News
[ higher tax base, higher spend / lower tax base, lower spend. there have to be subsidies for poorer areas to get quality teachers and the numbers # and up to standard school rooms. // South UK and rest UK difference. ] According to the 2015 figures from Ofsted, the schools regulator, 45% of pupils in Birmingham from poorer backgrounds achieved five GCSEs, grades A*- C, including English and maths. That compared with 35% in Worcestershire and 32% in Shropshire. Laura Fitzjohn, from Ofsted, said councils were shocked when shown the figures, and realised there was more they could do to improve the situation. //&! Children with poor language skills at age five are significantly more likely to struggle with maths at age 11, a study for Save the Children suggests. - bbc.in/1RNG1kd
Ofsted  education  policy  post  code  lottery  poverty  trap  child  poverty  poverty  deprivation  austerity  Council  microeconomic  policy  George  Osborne  Nicky  Morgan  Michael  Gove  David  Cameron  underinvestment  STEM  Tories  nasty  party  Conservative  Whitehall  Westminster  Toff  Privileged  Establishment  child  care  child  tax  credit  tax  credit  Precariat  working  poor  part-time  single  mum  low  pay  low  income  minimum  wage  Zero  Hour  Contract  Contractor  DWP  food  poverty  chronic  stress  constituency  Funding  PR  spin  doctor  Positioning  language  skills  skills  gap  skills  pre-school  Gini  coefficient  income  mobility  social  mobility  fairness  Generationengerechtigkeit  meritocracy  meritocratic  health  inequality  income  inequality  income  distribution 
february 2016 by asterisk2a
Cash from Swinney slammed as Aberdeenshire Council agrees new budget - Evening Express
The ruling SNP-led administration laid out budget plans to plug a £28m funding shortfall during a debate before the full council. The 2016/17 budget, which was approved 34 members to 23, includes a £3.2m cut in education and an estimated saving of £1.2m on early learning and childcare staffing. [...] The budget outlined slashing the road maintenance funds by £973,000, a reduction of nearly 6%. While £1.4m less will be spent on waste management – including the emptying of waste and recycling bins – than in 2015. A reduction in travel costs, investing in technology and making better use of council properties has been outlined to save £11.5m.
Council  austerity  UK  education  policy  Scotland  Holyrood  Scotland  Bill  Fiscal  Framework  underinvestment  infrastructure  investment  productive  investment  public  transportation  Westminster  George  Osborne  David  Cameron  Tories  dogma  ideology  nasty  party  child  care  Conservative  Gini  coefficient  social  mobility  Generationengerechtigkeit  bank  bailout  fairness  income  mobility 
february 2016 by asterisk2a
Help-to-buy loan scheme nets Treasury £213m in paper profit | Money | The Guardian
[ gov is not co-owner of private property! Make away with Nurse Bursaries and other gov support for education. But support the property price! by keeping supply always lower than demand. and use policy to increase demand w subsidies! where to put their savings! & subsidy for builders ] Rising house prices across much of England mean a government scheme to help buyers of newbuild property may have made more than £200m for the Treasury in its first two-and-a-half years. The help-to-buy equity loan scheme gives buyers an interest-free loan for five years in return for a percentage stake in their property. When the home is sold, the buyer returns the same percentage of the sale price, meaning that any fall or rise in house prices affects the return. Analysis by property firm Hometrack and shared with the Guardian suggests that a surge in house prices in some areas means the total value of homes bought through the scheme since its launch in April 2013 has increased by more than £1bn.
property  bubble  UK  speculative  bubbles  Housing  Crisis  affordable  social  Help  to  Buy  Scheme  Right  to  Buy  Buy-to-Let  Help  to  Save  budget  deficit  austerity  constituency  Party  Funding  babyboomers  BOE  macroprudential  policy  mortgage  market  ZIRP  NIRP  QE  hunt  for  yield  distortion  financial  repression  household  debt  consumer  debt  credit  card  debt  Generationengerechtigkeit  generation  rent  fairness  asset  bubble  asset  allocation  NPL  subprime  Payday  Loans  car  loan  student  debt  student  loan  debt  student  loan  Tories  fiscal  policy  monetary  policy  policy  error  policy  folly  Conservative  Party  nasty  short-termism  voter  turnout  disenfranchise  disenfranchised  David  Cameron  George  Osborne  underinvestment  infrastructure  investment  productive  investment  recovery  Richard  Koo  balance  sheet  recession  deleveraging  debtoverhang  zombie  consumer  zombie  banks  zombie  corporations  secular  stagnation  Privatisation  trickle-down  economics  dogma  ideology  GFC  bank  bailout  subsidies  subsidizing  corporate  welfare 
february 2016 by asterisk2a
Calls for 'homegrown talent' to take over as next Ofsted chief | Education | The Guardian
Concerns raised over reports that the education secretary wants to appoint an American with a record of resisting unions to replace Sir Michael Wilshaw [...] Morgan is reportedly looking overseas to replace Michael Wilshaw, who will stand down in December. According to the Sunday Times, she is keen to recruit an outsider who has defeated union resistance to education changes abroad in order to raise school standards in the UK. [...] we’ve seen year after year, ministers are failing to recruit and retain enough teachers, threatening our future economic success and the prospects of young people in the global education race.” [...] Tensions between state school leaders and Ofsted have risen under Wilshaw’s reign, in part because of the threat of struggling schools being turned into academies after receiving critical inspections.
Nicky  Morgan  education  policy  Workers  Union  Trade  Union  austerity  Gini  coefficient  social  mobility  income  mobility  inequality  deprivation  UK  staff  shortage  staff  morale  child  poverty  food  poverty  poverty  trap  income  inequality  David  Cameron  George  Osborne  Generationengerechtigkeit  fairness  child  care  tax  credit  poverty  apprenticeships  competitiveness  STEM  financial  literacy  literacy  PISA  Privatisation  Ofsted  CQC 
february 2016 by asterisk2a
Support staff doing teachers' work, says union - BBC News
Teacher shortages mean classroom support staff are doing work normally done by qualified teachers, suggests a survey of union members. Some two-thirds of almost 700 classroom supervisors who responded felt they did the work of supply teachers, says the Association of Teachers and Lecturers. "This can only lead to lower educational standards," said ATL general secretary Mary Bousted. The government said support staff should not be used to replace teachers. [...] Dr Bousted said teacher shortages, along with increasing pressure on school budgets, were leading to the use of support staff to replace teachers "in a way that was never intended". "So rather than hiring a temporary teacher, schools are asking support staff to teach. "They should not be asked to do it," said Dr Bousted.
education  policy  austerity  Generationengerechtigkeit  underinvestment  productive  investment  Gini  coefficient  social  mobility  income  mobility  inequality  Tories  Conservative  Party  nasty  child  poverty  poverty  trap 
february 2016 by asterisk2a
Heads warn over pupils' untreated mental health issues - BBC News
Children's untreated mental health issues could spiral into psychiatric problems later in life unless more is done in schools, say head teachers. The National Association of Head Teachers says with a fifth of children having a mental health problem before age 11, it is a key concern. A snapshot survey of 1,455 English heads suggests two-thirds of primary schools cannot deal with such issues. The government says it has ring-fenced £1.4bn for children's mental health. //&! A primary school leader has launched a petition asking the education secretary to sit the new KS2 national tests. The reason? So Ms Morgan can understand just how tough they really are - bit.ly/1TV1GaJ //&! Teachers work more overtime than any other professionals, analysis finds - bit.ly/1QhGM3L
education  policy  austerity  NHS  mental  health  mental  illness  childhood  development  prevention  intervention  well  being  chronic  stress  poverty  trap  child  poverty  poverty  food  poverty  nasty  party  Tories  Gini  coefficient  social  mobility  Generationengerechtigkeit  income  mobility  inequality  Conservative  Nicky  Morgan  Jeremy  Hunt  David  Cameron  George  Osborne 
february 2016 by asterisk2a
Affordable housing: David Cameron’s starter homes plan is not the solution | Society | The Guardian
Affordable housing: David Cameron’s starter homes plan is not the solution A proposal to create ‘starter homes’ selling for 20% below market rate may be good news for developers, but is unlikely to make them build more houses. [...] Even if the starter homes plan does lead to an uptick in building, these are homes that will be on the market to buy, not for rent. They will give those who might have used the existing help to buy scheme an alternative choice, but they don’t offer an affordable alternative to homeownership, or an option for the priced-out. Mortgage rates mean that homes are relatively cheap to own, but expensive to buy, and raising a deposit for a home that can cost up to £250,000 outside London and £450,000 in London is no mean feat. To take a 95% mortgage on a £200,000 property you are looking at £10,000, plus stamp duty and other charges. Try saving that up when your rent is rising each year. //&! bit.ly/1Tcvlg6 - Cameron has to buy off his MP's constituency on policy
subsidies  subsidizing  Help  to  Buy  Scheme  Buy  to  Rent  Starter  Home  Housing  Crisis  social  affordable  benefit  constituency  Party  Funding  babyboomers  Generationengerechtigkeit  fairness  property  bubble  asset  bubble  Help  to  Save  Right  to  Buy 
february 2016 by asterisk2a
Housing: Corbyn and Cameron clash over 'right-to-buy' - BBC News
[ micro/macro econ policy folly / error to promote home ownership. the only asset of UK households hold ... has to be kept afloat! by any means necessary. + Help to Buy ] The way the government intends to pay for its plans to allow social tenants in England to buy their homes is "extremely questionable", MPs say. The Commons Communities Committee criticised the funding model for the right-to-buy scheme, which will see housing associations reimbursed for selling homes to tenants at discounts. [ AND WITH THE MONEY THEY WANT TO BUILT STARTER HOMES FOR THE 30-20% of UK HOUSEHOLDS THAT CAN AFFORD A DOWN PAYMENT OF A 250-400k HOME. ] &! bit.ly/1hpXShr - PM will promise to tear up planning rules in effort to encourage developers to build more housing for first-time buyers //&! Buy to Rent w its tax breaks is a subsidy for privileged! & MPs say it should be paid for directly rather than via council house sales. Ministers say it will help create a million new homeowners by 2020.
Right  to  Buy  property  bubble  asset  allocation  household  debt  consumer  debt  credit  card  debt  car  loan  mortgage  market  affordable  housing  social  housing  Starter  Home  Crisis  David  Cameron  Tories  nasty  party  Conservative  short-termism  constituency  Funding  general  election  2020  general  election  2015  election  campaign  promises  Manifesto  generation  rent  Generationengerechtigkeit  speculative  bubbles  aggregate  demand  Supply  and  and  Supply  macroprudential  policy  Buy  to  subsidies  subsidizing  Help  to  Buy  Scheme  Privatisation 
february 2016 by asterisk2a
Obama climate initiative: Supreme Court calls halt - BBC News
this is akin to taking plaster to fix a crumbling high rise: limiting the emissions and putting cost on emissions for one industry, seen as heavies polluter in public eye ... while livestock industry is biggest +50% of them all. // what is needed is a carbon tax that also includes environmental and ecological cost (ie deforestation, water pollution from pig waste - livestock farming) and if we are already there, what about antibiotic-resistance? A Marschall Plan for the future of earth and its occupants. A future for us. // If and import doesn't have a carbon tax, tariffs have to be enacted on imports based on their damage to environment, ecology and carbon emissions. ... // economic damage & public health problems and health inequality in the future is deferred taxation for the next generation // Obama isn't bold enough. Not Utopian enough.
livestock  farming  coal  power  gas  shale  gas  fracking  carbon  tax  COP21  self-regulation  antibiotic  resistance  antibiotics  post-antibiotic  era  public  transportation  gasoline  Petroleum  Industry  fossil  fuel  zombie  consumer  consumerism  materialism  Wegwerfgesellschaft  Generationengerechtigkeit  climate  crisis  climate  change  climate  science  climate  system  extreme  weather  weather  extreme  economic  damage  coastal  erosion  public  health  policy  public  health  air  pollution  public  safety  water  pollution  pollution  ecological  disaster  environmental  disaster  ocean  warming  acidification  Overfishing  Meat  Industry  food  global  warming  exploitation  Wall  Street  profit  maximisation  shareholder  value  oversight  revolving  door  lobbyist  lobby  Lobbying  accountability  food  poisoning  food  borne  illness  presidency  barackobama  economic  history  history 
february 2016 by asterisk2a
Teacher shortages in England, spending watchdog confirms - BBC News
Teacher shortages in England are growing and the government has missed recruitment targets for four years, the official spending watchdog has said. It means 28% of secondary physics lessons are taught by teachers with no more than an A-level in the subject, the National Audit Office report says. Ministers have a "weak understanding" of local teacher shortages, it adds. The government said overall teacher numbers had risen and blamed unions for "talking down" the profession. While the overall number of teachers has kept pace with rising pupil numbers, teacher shortages are growing, particularly in poorer areas and at secondary level, according to the authors. [...] "Unless government radically tackles the pay, workload and excessive accountability that teachers currently suffer, this is a situation that will get increasingly worse," said Ms Blower. //&! bit.ly/1LfqZNB
austerity  UK  social  mobility  income  mobility  education  policy  Gini  coefficient  poverty  trap  childhood  development  Generationengerechtigkeit  fairness  nasty  party  David  Cameron  George  Osborne  Toff  Privileged  Establishment  downward  mobility  staff  morale  staff  shortage  deprivation  Conservative  Tories  dogma  ideology  underinvestment  productive  investment  public  investment  Services  mental  health  well  being  chronic  stress  Services  Council  bank  bailout  constituency  babyboomers  child  tax  credit  working  poor  Precariat  low  pay  low  income  minimum  wage  tax  credit 
february 2016 by asterisk2a
Masters in Business: Nobel-Prize Economist Paul Krugman (Audio) by Bloomberg View
// most times conviction is lacking, trapped in the bubble, no non-conformity, too much of a comfortable life. // 28:30! Confidence Fairy >> austerity from 2010! vested interest plays big role! Policy Makers are on the side of credit, on bond holders. bond holders don't like inflationary period! ... Hyperinflation will come any day! // 31:00 econ needs to be reformulated in class rooms to be much broader subject! << see robert shiller interview! ie behaviour, sociology and psychology, irrational behaviour // 44:15 on keynes! was no left wing socialist, he tried to save capitalism! he had world changing analysis! sometimes there can not be enough demand, same with sometimes it is good to have waste vs nothing, pointless ways to spend money can have a positive effect. ie infrastructure investment - repaving roads = less private repair bills! public transportation = less drunk driving accidents. history shows fiscal stimulus gets always too early withdrawn from deficit hawks!
economic  history  GFC  Paul  Krugman  Thomas  Piketty  inequality  Gini  coefficient  income  inequality  social  mobility  income  mobility  paulkrugman  repo  bankrun  speculative  bubbles  subprime  Generationengerechtigkeit  Policy  Makers  constituency  George  Osborne  austerity  error  folly  credit  bubble  secular  stagnation  debt  servitude  Super  Cycle  Japan  Abenomics  fiscal  monetary  Richard  Koo  KennethRogoff  USA  UK  European  Union  lost  decade  lost  generation  Robert  Shiller  robertshiller  book  miltonfriedman  friedmann  JohnMaynardKeynes  keynes  Keynesianism  budget  deficit  GeorgeOsborne  fiscal  stimulus  GordonBrown  underinvestment  recovery  productivity  output  gap  liquidity  trap  ZIRP  NIRP  QE  infrastructure  investment  Richardkoo  public  investment  productive  investment  business  investment  short-termism  neoliberalism  neoliberal  Privatisation  trickle-down  economics  Super  Rich  1%  oligarchy  plutocracy  social  democracy  corporate  welfare  subsidies  subsidizing 
february 2016 by asterisk2a
Employment and Support Allowance should not be cut - campaigners - BBC News
- bbc.in/1mhcpOT // putting disabled into poverty. as long as people are discriminated against in the workplace ... and no anonymous interview, nor CV exists ... this is not fair. // POSITIONING and SPIN and PR - less money and incentive vs a better life ... "A DWP spokesman said the government was "committed to ensuring that people have the best support possible". "The current system needs reform because it fails to provide the right incentives, and acts to trap people on welfare," the spokesman said."
ESA  DWP  Iain  Duncan  Smith  austerity  welfare  state  social  safety  net  Disabled  disability  vulnerable  mental  health  fairness  nasty  party  budget2015  George  Osborne  David  Cameron  Generationengerechtigkeit  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  HR  human  resources  discrimination 
february 2016 by asterisk2a
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