German spending spree would not be enough to save Eurozone

first_img More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org GERMAN fiscal stimulus would have a minimal impact on Eurozone growth, ratings agency Standard and Poors (S&P) have said. Top figures, including Mario Draghi, the European Central Bank boss, and Christine Lagarde, the head of the International Monetary Fund have called on the Eurozone’s largest economy to boost spending. With a balanced budget and low government debt, it is the only major Eurozone economy considered to have the ability to undertake big spending plans.However, S&P yesterday said that if Germany increased public spending by one per cent of GDP in both 2015 and 2016, only 0.3 per cent would be added to Eurozone GDP by the end of 2016. The size of the assumed stimulus package is on a par with those seen in other advanced economics such as the UK and US. S&P believes 210,000 jobs could be created, but this pales in comparison to the 18m unemployed Eurozone citizens. Share Wednesday 22 October 2014 8:16 pm German spending spree would not be enough to save Eurozone Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. whatsapp Show Comments ▼ whatsapp Tags: Eurozonelast_img read more

InterContinental share price rises after hotel group rejects Marcato report suggesting merger would see share price double

first_img Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: Mergers and acquisitions InterContinental share price rises after hotel group rejects Marcato report suggesting merger would see share price double whatsapp Share Ollie Gordon whatsapp Tuesday 11 November 2014 9:16 pm Activist US hedge fund Marcato Capital Management yesterday lit a fuse under the independence of British hotels giant InterContinental Hotels Group by calling for the firm to actively seek a merger, claiming it could double its share price.The San Francisco-based Marcato also publicly released a report it had commissioned from LA-headquartered financial advisers Houlihan Lokey supposedly proving the strategic value of a merger.Marcato said that the evaluation showed that joining forces with a rival hotel could double IHG’s share price. The company said: “Marcato found that an equity combination could deliver a premium upwards of 100 per cent over IHG’s current share price.”IHG released a response, saying it had rejected the proposal after analysing the report. IHG shares rose 3.42 per cent to 2,537p. last_img read more

Another day, another record – New York Report

first_img Tags: NULL Share Wednesday 3 December 2014 7:41 pm Another day, another record – New York Report by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminator whatsapp Express KCS center_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Show Comments ▼ whatsapp US STOCKS rose on yesterday, with both the Dow and S&P 500 ending at records, as data pointed to improving cond­itions in the American services sector, boosting cyclical stocks.The Dow Jones industrial average rose 33.07 points, or 0.18 per cent, to 17,912.62, the S&P 500 gained 7.78 points, or 0.38 per cent, to 2,074.33 and the Nasdaq Composite added 18.66 points, or 0.39 per cent, to 4,774.47.Cyclical stocks, tied to the pace of economic growth, led on the day, with industrials, materials and energy all up more than one per cent. Telecom, utilities and consumer staples declined; all are viewed as defensive plays.Cimarex Energy was one of the S&P 500’s top gainers, up 5.1 per cent at $108.17. Diamond Offshore rose 3.6 per cent to $31.44.After the bell, Aeropostale shares dropped six per cent to $3 after its third-quarter results. last_img read more

Instagram valued at $35bn – but how does that compare to Facebook, Twitter, Pinterest, LinkedIn and WhatsApp?

first_img Show Comments ▼ Tags: Facebook LinkedIn Twitter whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndo Instagram exceeded Twitter in terms of daily users last month; now it looks like that has trickled through to its valuation.  The photo-sharing app has been valued at $35bn by Citi analyst Mark May, nearly double the amount he previously estimated.  Based on Twitter’s current share price, it’s worth just over $23bn. Instagram was bought by Facebook founder Mark Zuckerberg in 2012 for around $1bn, when it had 100m active users. Now it has 300m. As a result, it has the potential to drive revenues within the Facebook group far more significantly than previously thought, May said. “While Instagram is still early in monetizing its audience and data assets and its financial contribution to Facebook is minimal today, we believe that it is quickly gaining monetization traction and would contribute more than $2 billion in high-margin revenue at current user and engagement levels if fully monetized,” he wrote in a note issued today.  Citi has raised its price target for Facebook to $91 from $86 as a result.   Next year could be a particular boom year for the business. May reckons 2015 will be the first year that Facebook begins to develop “more meaningful off-Facebook revenue streams”, including Instagram.    Here is how those valuations compare with other social media platforms this year:This is what it looked like back in 2008. Obviously many of the multi-billion dollar businesses dominating the industry were just twinkles in their creator’s eyes six years ago.  whatsapp Friday 19 December 2014 12:07 pm Instagram valued at $35bn – but how does that compare to Facebook, Twitter, Pinterest, LinkedIn and WhatsApp? Catherine Neilan Sharelast_img read more

How mainstream vaccines could soon become too expensive for lots of countries

first_img whatsapp Show Comments ▼ Tags: NULL Sarah Spickernell whatsapp Sharecenter_img How mainstream vaccines could soon become too expensive for lots of countries The poorest countries are the biggest victims of life-threatening diseases, but they are also the ones that could soon no longer afford the vaccines needed to protect them. The cost of immunising children against a host of deadly diseases is rising fast, and some economies are struggling to keep up.  In fact, over the past 14 years there has been a 68-fold increase in prices, which is “prohibitively high” according to the medical charity Medicins Sans Frontieres. A spokesperson told the BBC that the constantly rising prices were “calling into question the sustainability of immunisation programmes”. In 2001, the global cost of vaccinating one child against tuberculosis, measles, diphtheria, tetanus, whooping cough and polio was $0.67 (£0.44). By 2014 it had jumped to $45.59 (£30.07).  The report, called “The Right Shot”, says western pharmaceutical companies are now charging much larger sums. According to those in the industry, this change is needed to make up for an increase in manufacture costs for a larger number of vaccines. Since 2001, rubella, hepatitis B, Haemophilus influenza type b, pneumococcal diseases, rotavirus and the human papillomavirus (HPV) vaccines have been added to vaccination programmes.  The relatively new pneumococcal vaccine is a particularly expensive one, accounting for 45 per cent of a child’s vaccination programme in the poorest countries. The change in cost means that full immunisation could soon end in some parts of the world, allowing diseases to propagate through populations.  “The price to fully vaccinate a child is 68 times more expensive than it was just over a decade ago, mainly because a handful of big pharmaceutical companies are overcharging donors and developing countries for vaccines that already earn them billions of dollars in wealthy countries,” Rohit Malpani from MSF told the BBC.MEASLES RISKBy the end of 2013, just four countries in the world had less than 50 per cent immunisation among infants. With the rising cost, more and more countries could fall into this bracket, particularly in Africa and some parts of Asia.  DTP3 RISKThe diphtheria-tetanus-pertussis (DTP3) vaccine protects against three life-threatening diseases, and the map below shows how much coverage developing countries had achieved among infants by the end of 2013.  Only 30 per cent had immunised 80 per cent or more, and this percentage is likely to fall even lower as the cost continues to rise. Tuesday 20 January 2015 6:54 amlast_img read more

Mark Carney calls on Germany to foot Eurozone’s risk

first_imgWednesday 28 January 2015 9:10 pm Mark Carney calls on Germany to foot Eurozone’s risk Eurozone countries should share more risks and allow taxpayers’ money to circulate more freely as it does between countries in the UK, Mark Carney said in an unusually outspoken address last night.The Bank of England governor hinted that Greece’s troubles would be less severe if it could access more German money, comparing the situation to that between Scotland and the rest of the UK.“A powerful demonstration of this comes with the recent sharp fall in global oil prices. Because this risk is shared across the entire UK (which on the whole is a net beneficiary of lower oil prices), the net impact on the Scottish public finances is a mere one-tenth of what it would have been if there were no risk sharing,” he told an audience in Dublin.“There are few clearer illustrations of the benefits of sound fiscal arrangements in a currency union.”The UK has recovered more quickly than the Eurozone because its regions shared risks, the banks were cleaned up more quickly, and sterling fell 25 per cent, Carney said. “Without this risk sharing, the euro area finds itself in an odd position,” he said.As a result, the deficit is falling and growth has returned, he said.Carney also praised the European Central Bank for the “boldness” of its plan announced last week to buy hundreds of billions of euros of government bonds to fight the “potentially dangerous” combination of weak growth and falling prices.By contrast, the governor said the Eurozone still needs more public spending in its poorer parts. “It is difficult to avoid the conclusion that, if the Eurozone were a country, fiscal policy would be substantially more supportive,” said Carney.“Europe needs a comprehensive, coherent plan to anchor expectations, build confidence and escape its debt trap,” Carney said in his speech. Show Comments ▼ whatsapp Tags: Eurozone Mark Carney People Express KCS whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Sharelast_img read more

First-time home buyers should get a mortgage rather than rent, says Halifax

first_img Tags: UK house prices More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Express KCS whatsapp First-time home buyers should get a mortgage rather than rent, says Halifax Share center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsGundry MD Bio Complete 3 SupplementTop Surgeon: This Simple Trick Empties Your Bowels Every Morning (Almost Immediately)Gundry MD Bio Complete 3 Supplementzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesDiscovery29+ Fascinating U.S. Navy WarshipsDiscoveryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedy whatsapp Sunday 15 February 2015 11:46 pm Record low mortgage rates are contributing to a market where it is cheaper for first-time buyers to buy rather than rent. The average monthly cost associated with a first-time buyer buying a three bedroom house was £658 in December, according to figures released by mortgage lender Halifax at the weekend. It compares to an average rent of £720 paid on a similar type of property.Competition among lenders has pushed mortgage rates to record lows in recent months.In London, buying over renting saved an average of £1,338 over the year in 2014, representing an eight per cent saving for buyers. London marked the biggest saving for buyers nationally, with the smallest saving being found in the East Midlands where buying is only one per cent cheaper.Halifax’s figures do not take into account stamp duty, valuation and legal fees.“Average home buying costs are significantly lower than average rental costs, providing first-time buyers with a large financial saving if they can get on the housing ladder,” said Craig McKinlay, mortgage director at Halifax. Show Comments ▼last_img read more

US stocks dip as investors focus on dollar – New York Report

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.com Express KCS Show Comments ▼ US STOCKS edged lower yesterday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets, including crude prices.Equity markets fluctuated between modest gains and slight losses, tracking the movement of energy stocks as crude oil prices were caught between the weakness in the US dollar and concerns about oversupply. The S&P 500 energy sector was up 0.2 per cent after earlier gaining as much as 0.9 per cent.The action in the dollar has closely affected stocks of late as traders anticipate monetary policy tightening by the Federal Reserve sometime later this year. The 20-day correlation between the dollar index and the S&P 500 sits at minus 0.79. The dollar index was down 0.9 per cent on the day.“People are now way too focused on earnings, which start in a week or two, and what the impact of the stronger dollar will be and until that happens it is going to hold the market in check,” said Ken Polcari, director of the NYSE floor division at O’Neil Securities in New York.While the dollar’s rise has been beneficial for consumers, its rapid strengthening has been a problem for a large portion of the market, such as commodities firms and exporters.The Dow Jones industrial average fell 11.61 points, or 0.06 per cent, to 18,116.04, the S&P 500 lost 3.68 points, or 0.17 per cent, to 2,104.42 and the Nasdaq Composite dropped 15.44 points, or 0.31 per cent, to 5,010.97. Share Tags: NULL whatsappcenter_img Monday 23 March 2015 9:28 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp US stocks dip as investors focus on dollar – New York Report last_img read more

London bucks trend of growth in UK new home registrations

first_imgNew home registrations declined in London during the period between February and April, despite an increase across the UK in general.Registrations of new homes increased by 20 per cent in the quarter, compared to the same period in 2013, according to the National House Building Council (NHBC), and 12,459 homes were registered in April, up four per cent on last April. The private sector was up by 24 per cent, while the public sector grew by eight per cent.However, Greater London saw new registrations during the three months fall to 5,469 from 7,867. The only other UK region which experienced decline was the north east of England.NHBC boss Mike Quinton said that the quarter was a continuation of the “very positive” start to the year. “Now that the outcome of the General Election has been decided we look forward to continuing our work with government to ensure that housing remains at the top of the political agenda,” he said. London bucks trend of growth in UK new home registrations by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It Wise Tags: NULL whatsapp whatsappcenter_img Thursday 28 May 2015 8:51 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Kevin Can F**k Himself’ TV Review: Annie Murphy Blows Up the Idea of aThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Express KCS Show Comments ▼ Sharelast_img read more

Austerity is simply bad economics: It’s the current Conservative government – not Jeremy Corbyn – whose spending policies are extreme

first_img whatsapp Show Comments ▼ Monday 24 August 2015 12:48 pm Austerity is simply bad economics: It’s the current Conservative government – not Jeremy Corbyn – whose spending policies are extreme Tags: Economic austerity Expert Voices Jeremy Corbyn People Jessica Morris More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It WiseArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles SkillTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Republican US presidential candidate and Ohio governor John Kasich recently argued that when he gets to the “pearly gates”, what will matter is not how much he cut spending, but how much he helped the poor.  Austerity is all about spending cuts, which hurt the poor and the vulnerable. This makes the UK government’s recently announced £12bn of extra welfare cuts an unnecessary disgrace in a rich country. So far there’s been no rebalancing of the UK economy. Exports haven’t risen and the government has failed to deliver its promised “march of the makers”. GDP per head is only now approaching where it was before the recession started. Indeed, business confidence in the UK started slowing a year ago, while the labour market has also turned down with unemployment rising for the first time in two years.Meanwhile the world economy appears to be heading sharply downwards. The prospects of a rate rise in the United States or the UK any time soon disappeared into the ether as stock markets, oil and commodity prices tumbled around the world.  Read more: Corbyn backed by anti-austerity lobbyI am not a Corbyn supporter and don’t share many of his views but I did sign a letter in the Observer along with Mariana Mazzucato and 40 other economists who argued that his opposition to austerity is actually mainstream economics, even backed by the conservative IMF.Corbyn aims to boost growth and prosperity, which is a good thing. It is the current government’s policy and its objectives, which are extreme.The attempt to produce a balanced public sector budget primarily through cuts to spending failed in the previous parliament and will fail again, we believe.  Increasing child poverty and cutting support for the most vulnerable is unjustifiable.We argued cutting government investment in the name of prudence is wrong because it prevents growth, innovation and productivity increases, which are all much needed by our economy. Over time this policy actually increases government debt, due to lower tax receipts. Austerity is simply bad economics.Kasich has claimed what he wants is “a little more concern, a little more softness, a little fewer hard edges”.What the UK needs is a lot more concern; a lot more softness and many fewer hard edges.  And some sensible economics please. whatsapp last_img read more