Tag Archives: finance

Zero Hours Contracts


This week on Facebook: At one of my monthly pie and a pint meetings with a friend (who is also ex-colleague), experiences in our own families had made us both aware of the difficulty in finding some form of permanent or at least longer term re-employment. This led to the subject of zero hour contracts and my subsequent research into them. For a couple of retired ex-civil servants who remembered the post WWII boom in full employment, the realities confronting those seeking employment in today’s commercial climate were brought home (quite literally) to both of us.  Read more of this post

Plus ça change


This week on Facebook: My five reprises this week reflect the epigram Plus ça change, plus c’est la même chose. The epigram is probably familiar to most of my generation and needs no translation (Google it), but perhaps some of my family may read my reflections so it was a somewhat cynical remark that translates as, “The more things change, the more they stay the same”. Jean Baptiste Alphonse Karr (1808-1890) wrote this epigram in the January 1849 issue of Les Guêpes (“The Wasps”), the year following the European 1848 Revolutions.  A number of broadsheets¹ at the time extolled or attacked the presidential candidates General Cavaignac and (most of them) Louis-Napoleon, both of whom Karr described as Les Guêpes.

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Free Trade?


This week on Facebook: Were I a conspiracy theorist I could be drawn to the notion that  Free Trade agreements are a means of ensuring hegemony over a democratic electorate and expanding the global authority of totalitarian regimes. Increasingly these agreements intend to penalise nation states where productivity, or lack of it, are not subsidised by the visible hand of a state’s public administration. Read more of this post

Assignats and Reprises!


This week on Facebook: I keep getting economic reports that any money I may hold is in danger and that those who want to take it from are my government. That my government should seek innovative means of creating inflation is hardly a surprise, the government’s (apparent) wish dispense with money altogether and make all fiat money digital is news. Although digital money is not new concept and in todays economy is synonymous with debt, the trail blazed by a digital money economy will be complex. Not in the least — I believe — because it will lead to greater debt having to be borne by the taxpayer. In a world scramble for economic growth any public administration where all money is digital in form will find it easier to devalue their currency in a sleight of hand inflation, especially when engaged in a currency war to promote economic growth.  Read more of this post

The Scramble for Growth!


This week on Facebook: Is prosperity and wealth the same thing I wonder.  My conclusion is that it depends on how you define each word and who that definition applies to. Oxfam¹ thinks that $8-coffee-drinking millennials with student debt are amongst the world’s neediest and they are if you define wealth without taking into account its context. A millennial who indulges in an $8 cup of coffee may not be wealthy but is certainly prosperous.

The World Economic Forum is less attention grabbing in its report² but both reports highlight the potential of persistent long-term trends, such as inequality and deepening social and political polarisation. Trends that exacerbate risks associated with, for example, the weakness of the economic recovery and the speed of technological change. Read more of this post

Foundations of Virtue?


This week on Facebook: There has been a lot of media furore over Donald Trump’s election as the 45th President of the USA and I could post five articles in a similar vein to those below about ‘The Trump Foundation’. What is clear to me is that a number of these political foundations are used to fund an ongoing quasi-political lifestyle for the foundation members and more importantly can be seen as sellers of political influence for donations. The fact that foreign governments — as in Australia (Friday’s article) — use their taxpayers monies to buy such influence should cause a national outrage. National administrations, which notionally term themselves democratic, are only able to behave in this kleptocratic manner when their electorate is largely indifferent. If the reported fall in donations to the Clinton Foundation are not an indication of how a foundation operates a pay to play policy, what is? Read more of this post

Cassandra


This week on Facebook: With the election of new President having taking place in the USA on Tuesday and the global obsession with the outcome becoming a reality, I didn’t expect my articles to be widely read. So: belonging to the economically obsessed group, I posted reprises on some of my past observations. However I am not an economist or financial advisor,  nor do I claim to write with any personal professional authority.

I have thought that I should post on such matters as Cassandra  – a metaphor for cases of valid alarms that are disbelieved — and just maybe, a Trump victory in the USA presidential election will bring some reality to global economics. As painful and inflationary as that may be this global economic bubble has to burst sometime. Read more of this post

Men in Black


Sir James Faulkner QC regarded juries with disdain, thinking the uneducated hoi-palloi who now sat on them as being incapable of grasping the finer points of common law and particularly those involving finance and economics. Nevertheless, he had just delivered what he considered to be a flawless case for the prosecution. His innate hubris convincing him that the lucid presentation and eloquence of his delivery must surely have convinced even the simplest mind on the jury of the defendant’s guilt. Sitting down he brushed the front of his gown, a preening habit he had developed since taking the silk, smiling self assuredly whilst nodding to The Honourable Mr Justice Pettigrew, confident that he had impressed the judge. In his own mind at least, the outcome of the trial in his favour was assured.

Aware that the jury shared his ennui after having endured such a marathon delivery Mr Justice Pettigrew looked at the pocket watch that he always placed on the bench before him, relieved that it indicated a suitable time for him to call an adjournment until the following morning.
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Fleeced Again!


This week on Facebook: Being somewhat surprised by the scale of the political incompetence (although political connivance would fit equally well) that I came across in last week’s article on pensions, I decided that this week I would look a little deeper. I found that the sorry saga continues with perhaps the only positive slant that could be put on it would be that of politicians caring for their own stipends.  Read more of this post

Points about Hinkley


This week on Facebook: A conversation with a friend drew my attention to Hinkley Point and the cost. In researching the cost of what is termed Hinkley Point C nuclear reactor the estimated construction costs alone are running at £18 billion and rising. Finding an estimated overall project cost on Hinkley Point C nuclear reactor — from conception to decommissioning — is very difficult as those financially involved in the project are quite coy about pricing. Read more of this post

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Hello, I’m Ed Conway, Economics Editor of Sky News, and this is my website. Blogposts, stuff about my books and a little bit of music

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Professor Mark Elliott

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The Bulletin

This site was created for members and friends of My Telegraph blog site, but anyone is welcome to comment, and thereafter apply to become an author.

TCWG Short Stories

Join our monthly competition and share story ideas...

The Real Economy

Hello, I’m Ed Conway, Economics Editor of Sky News, and this is my website. Blogposts, stuff about my books and a little bit of music

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

An Anthology of Short Stories

Selected by other writers

davidgoodwin935

The Short Stories of David Goodwin (Capucin)

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