Our faith in the free market has been proved wrong – we need a diverse, creative economy in order to survive the 21st centuryThere are many reasons why we are in such an almighty economic mess. A big cause is the flawed economics that underpinned the politicians’ trust in markets over the last 30 years. [...]
The damning report on income inequality by Professor Hills (Unequal Britain: richest 10% are now 100 times better off than the poorest, 27 January), makes extremely uncomfortable reading for anyone who wants a more equal society.The results are sobering. One measure indicates that by 2008, Britain had reached the highest level of income inequality since [...]
WASHINGTON, Jan. 28 /PRNewswire-USNewswire/ — The Kingdom of Saudi Arabia affirmed its support for the government of Yemen at the High Level Conference on Yemen in London, convened January 27 by British Prime Minister Gordon Brown. The conference, whi…
The New York Times: >Opposite of Bold: To create jobs, Mr. Obama must make it clear that he will not abandon the states at this time of budget crises. Bolstered aid to states is unpopular. But it is among the surest ways to preserve and create jobs …
In which Jared Bernstein says: 1. It’s not a freeze–not something that leaves the level and distribution of non-security defense spending frozen at its current level and in its previous pattern. 2. It’s not even a cap–it’s not a plan, if congress ref…
1) Christina Romer et al. (2010): ARRA: Second Quarterly Report: >[T]he ARRA had a substantial positive impact on real GDP growth in the second, third, and fourth quarters of 2009. The CEA estimates suggest that the Act contributed between 2 and 3 p…
FRANKLIN, Tenn., Jan. 22 /PRNewswire/ — Infiniti today announced details of the most comprehensive marketing initiative in its 20-year history – a multi-level, multi-platform agreement with ESPN, the National Association of Basketball Coac…
The value of world stock markets increased by $1.07 trillion in December (data here) to $46.5 trillion, the highest level for total world stock market capitalization since August 2008 (see chart above).
NEW YORK, January 14, 2010 — "After declining throughout much of 2009, American consumer confidence improved sharply this month, returning to levels not seen since the financial crisis began in September 2008, according to the most recent result…
Inflation is now at a nine-month high and has moved substantially above the Bank of England’s target level of 2%The rate of inflation jumped by a record amount in December, approaching the level at which Bank of England governor Mervyn King would have to write his sixth letter to chancellor Alistair Darling, explaining why inflation [...]