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- The Perils of Polling: B.C. election delivers rude surprise to pollsters
- Canadian unemployment stable at 7.2 % inflation falls to -0.4 % seasonally adjusted annual rate.
- U.S. unemployment falls to 7.5 % U6, the broad definition is 13.4 %
- The Owl of Minerva takes flight at dusk:The anti-Keynesian era is drawing to a close
- Austerity backers in Europe in retreat ? Barroso calls for re-orientation to growth.
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Monthly Archives: April 2012
ILO Report Critical of Austerity Warns of Prolonged high unemployment
A new report from the ILO’s International Institute for Labour studies entitled Better Jobs For A Better Economy edited by Raymon Torres and researched and written by a team of economists and labour market analysts including some 13 individuals has … Continue reading
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Schiller talks of negative impact of ‘new age of austerity’:Spain contracts again GDP falls 0.3%
Yale university economist Robert Schiller is featured on CNBC’s Squawk Box Europe arguing that house prices may not yet have hit bottom and the new age of austerity was promoting recessionary lack of confidence. Schiller who is a very creative … Continue reading
Some European debt data
Country GDP billions euros public debt Debt to GDP Unemployment% (4th quarter 2011) Germany 2,567 … Continue reading
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Spanish unemployment 24.4 %;U.S. GDP up 2.2%:austerity not working.
This mornings news is anything but positive. U.S. growth is still positive but it would have been 0.6 % greater had government cuts not subtracted from the total, leaving U.S. growth in the first quarter still positive but only modestly … Continue reading
French unemployment rises for 12th consecutive month:austerity a bad bet
Again no surprise but painful to report nonethess unemployment in France continues to rise for the 12th consecutive month as reported by INSEE. In metropolitan France it is now 9.7 % with the overall national rate even higher at just … Continue reading
UK negative growth no surprise: austerity leads to double dip recession.
Britain has suffered a double dip recession according to the latest GDP data for the first quarter of 2012. The economy contracted in this quarter 0.2% after having contracted 0.3 % in the fourth quarter of 2011. This is no … Continue reading
Alberta polls dead wrong but French poll shows Hollande likely to defeat Sarkozy in second round 54-46 % %
Election polls or sondages as they are called in Québec are usually devoured by the media hungry for headlines. Of course, the methodology of polls, whether they were taken from a properly weighted and conducted random sample from the population … Continue reading
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A Tale of Two Frances:Marine Le Pen 6.2 % in Paris, 27.5 % in Vaucluse
When one analyses the first round French presidential election results in detail and examines the vote in the major cities and compares it with the regions some very striking differences emerge which illustrate the divide in French society today. For … Continue reading
France votes:Hollande 28.5 %; Sarkozy 27.1%;Le Pen 18.2%;Mélenchon 11.1%;Bayrou 9.1%;Joly 2.3%
France the bastion of democracy has voted in the first round of the Presidential elections. As the polls suggested François Hollande of the Parti socialiste has finished just ahead of the President Nicholas Sarkozy of the UMP. In third place … Continue reading
More violent clashes in Quebec between student demonstrators and police over proposed tuition fees increase
Both yesterday and today there have been further violent clashes between demonstrators opposed to the fee increases and the police in Montreal. Malicious property damage , personal injury to both protestors and police and innocent bystanders have resulted. One has … Continue reading
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