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34 posts tagged with Austerity.
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Tory shires join call for more cash and powers for England’s regions

Grauniad: "The huge list of signatories to the letter – which also calls for an end to savage financial cuts imposed by the centre – demonstrate growing all-party frustration at a system that leaves local communities at the mercy of a central government with little or no understanding of each area’s particular needs. The letter states: “There is compelling evidence that taking decisions closer to the people affected achieves better results and saves money.""
posted by marienbad on Nov 30, 2014 - 16 comments

RIP Loukanikos

A farewell to paws. "The beloved Greek riot dog is dead – and so is his revolution." [Previously]
posted by homunculus on Oct 16, 2014 - 19 comments

Character and ideology and ethics and every day life are all intertwined

Ian Welsh on The Role of Character and Ideology in Prosperity and Why We Live In a Shitty Economy for Most People
posted by T.D. Strange on Oct 6, 2014 - 15 comments

Who deers to steal the kings drachmare?

This is the story of Greece's Robin Hood.
posted by michaelh on Sep 25, 2014 - 10 comments

Water is a Human Right

Welcome to Detroit's water war – in which upward of 150,000 customers, late on bills that have increased 119 percent in the last decade, are now threatened with shut-offs. Local activists estimate this could impact nearly half of Detroit's mostly poor and black population – between 200,000 and 300,000 people. [more inside]
posted by whyareyouatriangle on Jun 26, 2014 - 39 comments

Beyond samba, sex and soccer: The World Cup riots in Brazil

Brazil has spared no expense for the upcoming World Cup. The month-long competition will feature 64 matches in 12 cities across the country. Refurbishing old stadiums and building new ones has cost Brazil $3.6bn. Several of the new stadiums will seldom be used after the World Cup, and Brasilia's World Cup stadium is estimated to have cost taxpayers $900m. [more inside]
posted by whyareyouatriangle on May 28, 2014 - 54 comments

Neoliberalism's failure state

Orbán combined Germany’s much-criticized rules for drawing electoral districts with Britain’s highly disproportionate first-past-the-post rules for constituency elections, and topped it off with the widely used d’Hondt system for deriving proportional representation from party-list votes, a system that marginalizes small parties and bulks up plurality ones. The 2014 Hungarian system also allowed for blatant gerrymandering, an unusual new system of vote aggregation, and double and even triple standards in the way that different categories of citizens were treated (see my “Hungary, An Election in Question” and “Legal but Not Fair” for details). Those who supported the government found it easy to register and vote from abroad, while those who opposed it had to contend with red tape and misleading instructions circulated by new Fidesz-installed election officials. Unless the allied opposition had garnered at least 6 percent more votes than Fidesz, it could not have won even a bare majority of the parliamentary seats. All told, the election system had been altered to turn a bare plurality into a bare supermajority—hence Orbán’s apparent landslide..
Kim Lane Scheppele explains in The Nation how Hungary has been made over into a one party state and how powerless the European Union is to do anything about it. [more inside]
posted by MartinWisse on May 20, 2014 - 39 comments

Lessons for Other States from Kansas' Massive Tax Cuts

What's the matter with Kansas? It's the crippling tax cuts.
posted by T.D. Strange on Mar 27, 2014 - 58 comments

Austerity: Still Bad?

Paul Krugman: Monetary and Fiscal Implications of Secular Stagnation
Crooked Timber: If this is “secular stagnation”, I want my old job back
The Global Bezzle – whence it came, where it went and why it matters (repost from 2011) [more inside]
posted by the man of twists and turns on Dec 1, 2013 - 28 comments

Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
posted by kliuless on Sep 25, 2013 - 28 comments

The Coming Dark Age For Science In America

The Coming Dark Age For Science In America (single link HuffPo)
posted by T.D. Strange on Aug 14, 2013 - 84 comments

In case of emergency please contact the Senate Appropriations Committee

This week the US government began furloughs of over half a million employees, reducing their pay and work hours by 20%. Members of a corresponding Facebook group who will be out of work one day a week had some ideas regarding how to set up out-of-office email auto-replies.
posted by exogenous on Jul 8, 2013 - 72 comments

Greek TV closes

Austerity at work. The public radio-television broadcaster Elliniki Radiophonia Tileorasi (ERT/EPT) is closing down, throwing thousands out of work and at least temporarily depriving Greece of one of the totems of statehood (such as a national airline, a national cuisine, a national comic-book character...). Announcement in Greek here, with reactions. It will be interesting to see what sorts of job the former journalists will be competing for when the service is reopened.
posted by homerica on Jun 11, 2013 - 33 comments

Paddy O'Temkin

Northern Ireland Town Fakes Prosperity for G8 Summit.
posted by ennui.bz on May 31, 2013 - 50 comments

When Adam Smith and Karl Marx agree...

Ha-Joon Chang on why separating politics from economic policies is bad for democracy. What free-market economists are not telling us is that the politics they want to get rid of are none other than those of democracy itself. When they say we need to insulate economic policies from politics, they are in effect advocating the castration of democracy. (Related FPP.)
posted by asnider on May 9, 2013 - 13 comments

A threadbare set of ideas

The Austerity Delusion: Why a Bad Idea Won Over the West. "Austerity is a seductive idea because of the simplicity of its core claim -- that you can’t cure debt with more debt. This is true as far as it goes, but it does not go far enough. Three less obvious factors undermine the simple argument that countries in the red need to stop spending. The first factor is distributional, since the effects of austerity are felt differently across different levels of society. The second factor is compositional; everybody cannot cut their way to growth at the same time. The third factor is logical; the notion that slashing government spending boosts investor confidence does not stand up to scrutiny."
posted by spamandkimchi on May 1, 2013 - 153 comments

Austerity Bites, especially if you can't Math

"[a]ll I can hope is that future historians note that one of the core empirical points providing the intellectual foundation for the global move to austerity in the early 2010s was based on someone accidentally not updating a row formula in Excel." [more inside]
posted by T.D. Strange on Apr 16, 2013 - 165 comments

The Austerity Kitchen

The Great Hog-Eating Confederacy
Early Southerners ate a rather limited and unvarying diet. At table the famished guest seldom found more than bacon, corn pone, and coffee sweetened with molasses. Pioneering sociologist Harriet Martineau complained that “little else than pork, under all manner of disguises” sustained her during her visit to the American SouthFor the most part, slaves observed the same diet as poor white farmers. Though many kept gardens, and thus supplemented their rations of pork and corn with a wide variety of vegetables, they had otherwise little opportunity to augment their diet.. Another traveler griped that that he had “never fallen in with any cooking so villainous.” A steady assault of “rusty salt pork, boiled or fried … and musty corn meal dodgers” brought his stomach to surrender. Rarely did “a vegetable of any description” make it on his plate, and “no milk, butter, eggs, or the semblance of a condiment” did he once see.
Christine Baumgarthuber is a writer for The New Inquiry and runs the blog The Austerity Kitchen. [more inside]
posted by the man of twists and turns on Mar 22, 2013 - 58 comments

In a sea of whisky, we‘re castaways and who can find us

Eurovision, the annual offering of musical culture from the continent to a sometimes bewildered world, approaches. Greece have decided that they can now afford to send an entry to the finals in Sweden this May, using private sponsorship. Their entry, winning the national selection contest, is the Rebetiko-infused "Alcohol is free", an anti-austerity song performed by Koza Mostra and Agathonas Iakovidis. [more inside]
posted by Wordshore on Mar 1, 2013 - 34 comments

The Origins of Neoliberalism

Philip Pilkington writes for naked capitalism: The Origins of Neoliberalism Part I: Hayek's Delusion
Hayek’s entire ideology and career had begun to come apart in the 1930s. His theories were shown to be inconsistent in the academic journals of the time and the practical implications of those theories had shown themselves to be both discredited and dangerous. A man in such a position only has two choices: he can either completely re-evaluate his ideas which, if they were held with unshakeable conviction and constituted a core component of his emotional make-up, as seems to have been the case with Hayek, would have likely resulted in a mental collapse; or, alternatively, he can engage in a massive repression, shut out reality and construct around himself a fantasy world.
[more inside]
posted by the man of twists and turns on Jan 18, 2013 - 136 comments

Fiscal-Cliff-Diving

There's been a lot of talk in the US media about the "Fiscal Cliff" and the "Grand Bargain" What are they?
The "fiscal cliff" is a confluence of three legal changes taking effect Jan. 1: the expiration of a payroll-tax cut, the expiration of the Bush-era tax cuts, and the advent of mandatory spending cuts known as "sequestration."
Fiscal Cliff 101: 5 Basic Questions Answered. What's Happening: Fiscal Cliff Explained [more inside]
posted by the man of twists and turns on Dec 1, 2012 - 214 comments

Prison of Debt Paralyzes West

Be it the United States or the European Union, most Western countries are so highly indebted today that the markets have a greater say in their policies than the people. Why are democratic countries so pathetic when it comes to managing their money sustainably? This clear, well-written essay in Der Speigel lays out the current debt crisis - along with current, proposed solutions - in an understandable manner. Not included among the so-far-proposed solutions is one other that has opened up a veritable financial market and debt Pandora's Box - i.e. a central bank debt jubilee.
posted by Vibrissae on Nov 19, 2012 - 118 comments

May Day Shmay Day

Europe is on general strike against austerity today.
posted by eviemath on Nov 14, 2012 - 126 comments

For the Love of Art

"If nobody cares about the art that's inside the museum, then I'll burn it," vowed Antonio Manfredi, director of the cash-starved Contemporary Art Museum of Casoria in Italy. In February, he started burning.
posted by El Sabor Asiatico on Aug 3, 2012 - 21 comments

hey, you got the one thing that I'm angry about in the other thing that I'm angry about

An analysis of nearly 1,700 public and private nonprofit colleges being unveiled this week by Bain & Company finds that one-third of the institutions have been on an “unsustainable financial path” in recent years, and an additional 28 percent are “at risk of slipping into an unsustainable condition.” Presenting thesustainableuniversity.com.
posted by gerryblog on Jul 24, 2012 - 87 comments

anyone who goes into science expecting employers to clamor for their services will be deeply disappointed

In the sciences, Ph.D. ≠ job.
posted by gerryblog on Jul 8, 2012 - 92 comments

Austerity

If Britain were Greece... (audio slideshow)
posted by fearfulsymmetry on Feb 29, 2012 - 39 comments

The first cut is the deepest

This is the story of one cut. Back in October 2010 George Osborne announced £95 billion in cuts to public services, saying he’d leave it to councils to choose what to shut down. Inevitably most of the casualties ended up being unrenowned places, unlikely to stir up much protest - drop-in centers in housing estates, inner-city park rangers, community theatres, etc. I wanted to write about just one of them, about the ripples created by a single closure. I made my selection quite randomly. I chose a place called Youthreach. I didn’t know much about them, only that they offered weekly counseling sessions to young people, aged 11–25, in Greenwich, South East London. Jon Ronson
posted by fearfulsymmetry on Dec 29, 2011 - 16 comments

“It would be much wiser for Germany to sponsor a military coup and solve the problem that way.”

Mark Ames explains how EU financiers and defense contractors purchased a bloodless coup in Greece, and installed a club-carrying fascist to head its new austerity regime.
posted by clarknova on Nov 16, 2011 - 33 comments

The NoDeficits club

How the Austerity Class Rules Washington. Tracing the origin of a political meme. (Via Paul Krugman.)
posted by Kevin Street on Oct 21, 2011 - 28 comments

Science & technology might be exempt from E.U. austerity measures

There is an European Commission budgetary proposal to boost E.U. funding for science and technology by 45% from €55B to €80B by trimming some fat form the controversial Common Agricultural Policy. [more inside]
posted by jeffburdges on Jul 7, 2011 - 6 comments

Obama goes to China

Obama proposes Social Security cuts. Amid ongoing debt talks wherein the Democrats are seeking to raise the debt ceiling to prevent the default of Federal debt, "entitlement reform" has been a hot topic. This morning, Obama has taken the unusual step of proposing even larger spending cuts than Republicans have asked for, mystifying many. Has the Grand Bargain arrived?
posted by mek on Jul 7, 2011 - 363 comments

Some weeks I'm lucky to make £500

As the UK coalition government plans swingeing cuts and students take to the streets to protest, one mother asks us to remember the 'Nouveau Pauvre'. Some commentators react unfavourably to her impending 'austerity Christmas'. [more inside]
posted by mippy on Dec 5, 2010 - 58 comments

Someone should give him a gas mask

Proposed austerity measures in response to Greece's economic crisis have led to riots and three deaths . However, this isn't the first time that riots have shaken Greece in response to the economic turmoil. One dog has seen them all.
posted by emilyd22222 on May 6, 2010 - 64 comments

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