austerity

Quantitative Easing Was a Bust; Let’s Try Higher Wages Instead

The global economy faces so many headwinds at present that it’s hard to know where to begin. China’s real estate bubble has popped, capital flight has put emerging markets into a nosedive, commodities prices have plunged triggering fears of deflation, the economic data is increasingly bleak, and the Fed’s plan to “normalize” rates has sent stocks gyrating like never before.

The Ugly Truth About Poverty In Britain

According to a study by Poverty and Social Exclusion (PSE), 33% of all UK households endure below-par living standards – defined as going without three or more “basic necessities of life”, such as being able to adequately feed and clothe themselves and their children, and to heat and insure their homes. In the early 1980s, the comparable figure was 14%. A 140% increase.
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Corbyn in the Media

The media do not merely generate the political weather. They play a large part in creating the climate in which information is received and understood. A notion such as ‘electability’, to take the example at hand, is unthinkable without the media, which, in their every representation of a political leader, ask (and supply the authorities to help us decide) not only who is and is not electable, but what should be the criteria by which electability is judged.

DWP puts reporter on blacklist over the way he reports the impact of welfare reforms

“The actions of the DWP are counter to transparent government and freedom of the press, upon which a functioning democracy rely. We consider the actions of the DWP to be highly offensive and discriminatory.”
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EU banking chiefs are repressing their own workers to save the 1%

“Neither national nor European worker protection laws apply to the ECB, because it is not part of any nation. Nor is it a European state,” said an ECB staffer. “So basically, the Governing Council of the ECB has complete freedom to define any rules or laws for its employees that it wishes, with no democratic oversight and no worker representation.”
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