Economy is worse under us, says Cable

Nah, as it is on Reseach, not application....

[Ignitionnet]

Originally Posted by denphone

http://www.guardian.co.uk/politics/2...plan-b-economy

Interesting set of 100 'economists'.

http://conservativehome.blogs.com/le...conomists.html

Rather dilutes the effect of having genuine economists there when you have academics from fields as diverse as cultural studies, history, applied social sciences and international development present, excluding out and out political commentators such as a former head of media for the Labour Party and a member of the Tax Justice Network.

[Mr Angry]

Originally Posted by Ignitionnet

Interesting set of 100 'economists'.

http://conservativehome.blogs.com/le...conomists.html

Rather dilutes the effect of having genuine economists there when you have academics from fields as diverse as cultural studies, history, applied social sciences and international development present, excluding out and out political commentators such as a former head of media for the Labour Party and a member of the Tax Justice Network.

Good find.

That said I find it somewhat ironic that Mr Goodman, in defence of his non econmist colleague Mr Osborne who is "running" the economy, has a swipe at equally unqualified individuals whom (on that basis) he appears to think have no right to even comment on matters of an economic nature - nevermind run an economy.

Which ought it to be?

[Ignitionnet]

Originally Posted by Mr Angry

Good find.

That said I find it somewhat ironic that Mr Goodman, in defence of his non econmist colleague Mr Osborne who is "running" the economy, has a swipe at equally unqualified individuals whom (on that basis) he appears to think have no right to even comment on matters of an economic nature - nevermind run an economy.

Which ought it to be?

Neither, hand the reins over to a non-political entity who have a clue what they are doing, have no desire to mould the economy to a preconceived notion, and lack the cynical need to find ways to bribe sections of the electorate every few years.

[Mr Angry]

Originally Posted by Ignitionnet

Neither, hand the reins over to a non-political entity who have a clue what they are doing, have no desire to mould the economy to a preconceived notion, and lack the cynical need to find ways to bribe sections of the electorate every few years.

Good luck with that.

[Ignitionnet]

Originally Posted by Mr Angry

Good luck with that.

You didn't mention that it had to be realistic

[Mr Angry]

[mertle]

Originally Posted by Ignitionnet

Interesting set of 100 'economists'.

http://conservativehome.blogs.com/le...conomists.html

Rather dilutes the effect of having genuine economists there when you have academics from fields as diverse as cultural studies, history, applied social sciences and international development present, excluding out and out political commentators such as a former head of media for the Labour Party and a member of the Tax Justice Network.

Whats that website is part conservative thinking as there another article on there. It seems quite horrendous but is this not point swiping at labour in there article. We still in mess coalision got equally bad advisors by all accounts so there article to try swipe at labour is bit veiled. End of day we got 3 parties non of them got clue.

http://conservativehome.blogs.com/th...in-danger.html

To me this telling piece shows if this part Concervatives they might just be waking up that things cant go on. Something has to give either regulation or businesses must think before they act.

I know governments miss managed even been led up the garden path by the ecomonists but big business had massive part to this mess too.

Its interesting read where does world go from here personally should have state owned infrastructure businesses water, gas electric etc that gives us the regularity power of building blocks think the move away from critical infrastructure into capitalism was very very bad move disaster waiting to happen. We have thatcher to blame for start privatising no doubt many countries followed suit got in same mess. Wonder if china still got state owned infrastructure businesses. Should mega businesses be broken up thats grey are, there certainly maybe need to llok into would it damage things. Do think more tighter regulations on what companies allowed to hoover competitors. Competition is healthy but businesses dont like it they buyout rivals this goto stop in my opinion. Also underhand cuts to force rivals out business all anti competitive but monitored that we dont lead to cartel situation.



There was article in lancashire magazine too about role banks played. I wondering if banks played the government in office namely labour at time knowing full well they be forced to bail out.

http://www.countymags.co.uk/articles...n-halifax.aspx

Sadly dont think coalision would called there bluff either. Some staggering crazy deals was done to negate tax obligations looking further down from us and USA treasurary. Why is the rich been allowed to do this.

• Goldman Sachs of New York made two billion dollars profit in 2008 but by using 29 foreign tax havens reduced their federal tax bill to 14 million
• In one of those tax havens, the United Kingdom’s permanent secretary for tax, Dave Hartnett, personally negotiated a special deal for Goldman Sachs in 2010, waiving 20 million pounds in interest payments that fell due after Goldman lost a 5-year legal battle over their 12 years old National Insurance tax-avoidance dispute.
• Three UK banana importers, Del Monte, Dole and Chiquita, had total sales of 750 million dollars in Britain in that year yet paid only 235,000 dollars in tax between them.

[Ignitionnet]

New Labour actively courted banks.

It was the tax revenue from the banks which powered Gordon's spending, this in turn powered by the cheap credit and asset bubbles policy makers created.

[denphone]

Interesting message from the ILO about the global economy which it says is on the verge of a new jobs recession.

The global economy is on the verge of a new and deeper jobs recession that may ignite social unrest, the International Labour Organization (ILO) has warned.

Meanwhile, in its latest projections for G20 economies, the OECD forecast growth in the eurozone of 1.6% this year, slowing to 0.3% next year.

http://www.bbc.co.uk/news/business-15519699