Archive for 'Economy'
The New York Times has picked up on the brouhaha over recent remarks by London Mayor Boris Johnson which had even Deputy Prime Minister Nick Clegg calling him a “careless elitist.”
Mr. Johnson is no scientist, but he has stepped into the kind of debate over the relationship of I.Q. to race and poverty that has [...]
This is a guest post by Ismet Inonu
A Turkish group called ‘Mentora Academies Trust’ which has no website and whose Chairman speaks no English, has declared it will receive £6-7 million pounds from the British government to run three schools in Oxfordshire on 500 acres of land. Enver Yucel, Chairman of the Turkey-based group, has [...]
As the US moves to the brink of another debt ceiling and default crisis– this time over Republican efforts to defund Obamacare– The Washington Post’s Greg Sargent observes:
The new Washington Post/ABC News poll on the debt ceiling tells us something remarkable: Among Republicans who believe that not raising the debt ceiling would cause serious harm [...]
(Good pub quiz question: Postman Pat’s surname is Clifton.)
As a sign of my gradual shift towards curmudgeon when it comes to generous pay packets for public sector chiefs, my first thought on hearing that the Government is to sell at least a majority stake in the Royal Mail was how much the chief executive is [...]
Some things worth reading about the ongoing hollowing-out of the economic middle in the United States.
• Speaking (appropriately enough) at the Rock and Roll Hall of Fame and Museum in Cleveland, economist Alan Krueger, then chairman of the White House Council of Economic Advisers, discussed what he has called Rockonomics:
The music industry is a microcosm [...]
Have you ever wondered about the correlation between men’s upper-body strength and their attitudes toward economic redistribution?
So have I. Fortunately a study published in the journal Psychological Science provides some interesting answers.
The study found that among rich men, those with the most upper-body strength had the most negative attitudes toward redistribution. Somewhat more surprising (at [...]
At The New Republic, Ruy Teixeira reviews two books challenging the conventional conservative wisdom about austerity as an economic policy: Austerity: The History of a Dangerous Idea by Mark Blyth and The Body Economic: Why Austerity Kills, by epidemiologists David Stuckler and Sanjay Basu.
It is not just in conservative circles that the austerity idea remains [...]
Posted: May 2nd, 2013 under Economy.
The New York Times reports:
As an elementary school principal, Leonidas Nikas is used to seeing children play, laugh and dream about the future. But recently he has seen something altogether different, something he thought was impossible in Greece: children picking through school trash cans for food; needy youngsters asking playmates for leftovers; and an 11-year-old [...]
Part of the rationale for capping the increase in basic benefits to less than inflation was to signal approval for those in work and who had not enjoyed a similar pay-rise.
A pay-rate which the authorities do have direct control over is the minimum wage, and this is to be increased by 12p per [...]
The EU and its antecedent organizations always have struck me as being based on laissez-faire economics and free-trade; which had been concealable during the credit boom when those previously opposed found reasons to involve themselves with its inner sanctum.
Other disparities between stated views and actual actions can be seen in recent economic policy of Cyprus. [...]
Posted: March 18th, 2013 under Economy.