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Bad EconomicsChronicling economic illiteracy in desperate times
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Chronicling economic illiteracy in desperate times
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Bad Economics: Getting it wrong on housing
http://badeconomicsblog.blogspot.com/2012/03/getting-it-wrong-on-housing.html
Chronicling economic illiteracy in desperate times. Monday, 12 March 2012. Getting it wrong on housing. The coalition Government has made a series of announcements today on housing. The NewBuy scheme offers mortgage subsidies and guarantees for those looking to buy new homes. At the same time the Government argues that it wants to rejuvenate the right to buy scheme by offering substantial discounts on prices. Up to £75,000 after five years' residence in their social housing. What is the answer?
Bad Economics: November 2011
http://badeconomicsblog.blogspot.com/2011_11_01_archive.html
Chronicling economic illiteracy in desperate times. Thursday, 17 November 2011. Running out of excuses. George Osborne's tenureship of the Exchequer has been notable for the parade of excuses for his economic failures. For the most part it was Labour's legacy; for a short while it was last winter's snowfalls; now it's the Eurozone. It can't be long before he's blaming it on the boogie. That shows clearly that the the blame lies squarely with Osborne's economic policy. And one of the important implication...
Bad Economics: August 2011
http://badeconomicsblog.blogspot.com/2011_08_01_archive.html
Chronicling economic illiteracy in desperate times. Saturday, 6 August 2011. Daddy, what's a credit ratings agency? The short answer to that question is of course an organisation that gave Lehmann Brothers a triple-A rating minutes before it collapsed. But as Standard and Poor announce that they have downgraded the United States' rating from AAA to AA. After 2008 serious questions were asked about the performance and accountability of the agencies - most famously in the film Inside Job, but also by US le...
Bad Economics: Workfare - bad for capitalism
http://badeconomicsblog.blogspot.com/2012/02/workfare-bad-for-capitalism.html
Chronicling economic illiteracy in desperate times. Wednesday, 29 February 2012. Workfare - bad for capitalism. That the Socialist Workers' Party is behind the opposition to their scheme. Put simply, workfare is just bad economics. There are three reasons why a rational capitalist should reject workfare. First, at a time of high and growing unemployment and deep recession, it takes demand out of the economy. While using unpaid labour increases profits, it reduces aggregate demand - especially when on...
Bad Economics: April 2011
http://badeconomicsblog.blogspot.com/2011_04_01_archive.html
Chronicling economic illiteracy in desperate times. Wednesday, 27 April 2011. Today's GDP figures show growth of 0.5% in the first quarter - against OBR predictions of 0.8%. But that 0.5% does no more than offset the effect of the snow at the end of 2010. In other words, the economy is flatlining. And that's before the cuts take effect - that will happen during the present quarter. So what sort of denial does it take for the Treasury to talk of "returning to growth"? Subscribe to: Posts (Atom).
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Bad Economics
Chronicling economic illiteracy in desperate times. Thursday, 12 September 2013. Turning the corner - or is it really much worse than we thought? Originally posted at Notes from a Broken Society. However, against the background of adulation from the UK’s corporate and license-funded media, a major paper suggesting that Osborne’s policies could be making things far worse has been causing some interest. In recent times austerity has been systematically applied in weak economic conditions:. But in a bad cur...
Russian & Global Economy
Russian and Global Economy. Понедельник, 14 января 2013 г. Just news nothing personal. В Архангельске за 2012 год подростковая преступность выросла на 89 процентов. По области рост преступлений, совершенных несовершеннолетними, составил 30 процентов. Такие данные огласил глава Следственного управления СК РФ по Архангельской области Юрий Шперлинг на встрече с журналистами. Http:/ www.rg.ru/2013/01/14/reg-szfo/prestupnost-anons.html. Четыре человека погибли в пожаре по вине уголовника в Архангельске. Long-...
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Hit Bottom And Digging In A Bad Economy
Vend-O-Death Suicide Vending Machine. Job Hunting and Layoff Game. Budget Cuts Press Release Generator. Tuesday 19th of May 2015. Ebola Virus Worsened by Bad Economy. Scientists in our underground bunkers in the frozen North have been continuing to monitor the effects of deadly viruses brought on by the bad economy. Just when the world was starting to recover from the deadly H1N1 virus, along comes a new one more deadly than ever before. There is currently no known cure. Add a comment (2). It has become ...
Bad Economy?
