Author Archives: bill

Mario Draghi uses TARGET2 to cower Italy into staying within the Eurozone

The new US President has now scrapped the TPP and is turning his attention to NAFTA. These are developments that those on the Left should applaud. No so the conservative, neo-liberal government in Australia which is claiming it is pushing … Read the rest of this entry »

Posted in Eurozone | 2 Comments

When mainstream economists jump the shark and lose it completely

There was an Op Ed last week from an Australian academic who attacked Modern Monetary Theory (MMT) along the lines that its proponents are “a bunch of cranks” and practice “charlatanism”. He also considers us to be sellers of “snake … Read the rest of this entry »

Posted in Economics | 34 Comments

The Weekend Quiz – January 21-22, 2017 – answers and discussion

Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it … Read the rest of this entry »

Posted in Saturday quiz | 4 Comments

The Weekend Quiz – January 21-22, 2017

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results … Read the rest of this entry »

Posted in Economics | Leave a comment

Australia – weak employment growth, rising unemployment – need for policy shift

The latest labour force data released today by the Australian Bureau of Statistics – Labour Force data – for December 2016 shows total employment barely increased and the ABS said the trend to part-time work remains. Over the last 12 … Read the rest of this entry »

Posted in Labour Force | 13 Comments

The (neo-liberal) Third Way infestation continues

“Fresh thinking delivered to your inbox – Subscribe”. That is the message on the home page of Third Way an American think tank (aka conservative propaganda machine) masquerading in the public space as a “centrist think tank”. The problem is … Read the rest of this entry »

Posted in Britain, Demise of the Left, UK Economy, US economy | 20 Comments

Executive pay bears no relationship to company performance

On December 27, 2016, the British CFA Society (an organisation representing Chartered Financial Analysts) released an interesting report that they had commissioned from academic researchers at the Lancaster University Management School. The Report – An Analysis of CEO Pay Arrangements … Read the rest of this entry »

Posted in Britain, Economics, Labour costs, UK Economy | 3 Comments

Policy changes needed to arrest decline in fortunes for low-pay British workers

Its hard to keep track of the variety of ways that this neo-liberal era has screwed workers. The latest report from the UK Institute of Fiscal Studies (January 13, 2017) – Two decades of income inequality in Britain: the role … Read the rest of this entry »

Posted in Britain, UK Economy | 14 Comments

The Weekend Quiz – January 14-15, 2017 – answers and discussion

Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it … Read the rest of this entry »

Posted in Saturday quiz | 13 Comments

The Weekend Quiz – January 14-15, 2017

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results … Read the rest of this entry »

Posted in Saturday quiz | 1 Comment