austerity

21st Century Wire says…
Necessity is the mother of invention.
This one gets an “A” for financial innovation…

Luxuo

21st Century Wire says…
Remember the wave of hope that spread across Greece last year when the insurgent political party Syriza swept into power? What happened? The struggling nation continues to be the EU’s Achilles heal.

This year the Dutch government intend to introduce a universal basic income (UBI) paid to the residents of Utrecht and 19 other Dutch municipalities. Each person will receive the equivalent of about £150 a week whether working or not. The unemployed won’t be penalized for finding work because they will receive their employment income in addition to the universal income payment.
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The nature of “establishments” is that they cling desperately to power, and will attack anyone who defies or challenges that power with unrestrained fervor. That’s what we saw in the U.K. with the emergence of Corbyn, and what we’re seeing now with the threat posed by Sanders. It’s not surprising that the attacks in both cases are similar — the dynamic of establishment prerogative is the same — but it’s nonetheless striking how identical is the script used in both cases.

But how could deflation be threatening the globe when the central banks have pumped many trillions into the world economy?
Initially, quantitative easing (QE) – instituted by most central banks worldwide – actually causes DEFLATION.
In addition, governments on both sides of the Atlantic have encouraged bank manipulation and fraud to try to paper over their problems.

The reality is rapidly dawning on many working within the NHS that the Conservatives’ aim is to demoralise healthcare professionals, demand that these same healthcare workers do more with less funding, and allow the NHS to fall apart, in order to justify opening it up to privatisation.
Now, junior doctors, along with the rest of the labour movement, must support our consultant and nursing colleagues in their own battles, as part of a wider fight against the Tories, against austerity, and for a socialist alternative.

The world is undergoing a populist revival. From the revolt against austerity led by the Syriza Party in Greece and the Podemos Party in Spain, to Jeremy Corbyn’s surprise victory as Labour leader in the UK, to Donald Trump’s ascendancy in the Republican polls, to Bernie Sanders’ surprisingly strong challenge to Hillary Clinton – contenders with their fingers on the popular pulse are surging ahead of their establishment rivals.

As the New Year gets underway, the highest-paid CEOs of many large corporations have already paid themselves more than the average worker will earn in the entire year! By the end of the first week of January, the highest-paid CEOs had already made as much as their average workers will earn over 8 years.
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Inequality gap widens ‘dramatically’ as super-rich get richer. THE WORLD’S 62 wealthiest people own as much as the globe’s poorest half— around 3.6 billion people, Oxfam revealed yesterday. The total riches of the group — just nine of whom are women — has increased to £1.22 trillion since 2010, yet their wealth has not led to higher tax revenues to […]
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Thousands fear being forced out as 73 landlord MPs vote down motion to ensure housing is ‘fit for humans’ MULTIMILLIONAIRE PM David Cameron was accused of “social cleansing” yesterday after threatening to bulldoze thousands of working families’ homes without guarantee of replacement and denying millions the right to live somewhere “fit for humans.” In a panicked response to the housing […]
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