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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: July 2012
UK growth negative for second quarter 2012:more evidence austerity does not work
The U.K. office of national statistics has released its latest numbers on the declining GDP in Britain. As I expected they continue to be starkly negative. The UK economy continues to shrink so that Britain has now experienced a clear … Continue reading
Chinese state oil company seeks approval to buy strategic Canadian oil and gas company:thorough critical analysis required
China’s third largest oil and gas company has made a $ 15.1 billion bid for one of Canada’s leading oil and gas companies, Nexen. The Chinese National Offshore Oil corporation(Cnooc) is China’s largest offshore oil supplier with a capital of … Continue reading
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Spanish austerity misguided policy
The government of Spain despite its horrible 24 % plus unemployment rate continues to implement further austerity policies . This guarantees a deeper and profound recession that damages the life chances of a quarter or more of the Spanish population. … Continue reading
Canadian unemployment falls to 7.2 % in June
The employment news was better in Canada than the U.S.Accoring to Statistics Canada the rate of unemployment fell one tenth of a percent in June from 7.3 to 7.2 % . The participation rate is 66.7 %. The unemployment rate … Continue reading
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U.S. unemployment remains 8.2 %, U6 rises to 14.9 % disappointing news
The US bureau of Labour Statistics released its latest employment data for the month of June and the news is disappointing. Some 80,000 net new jobs were created but this was just enough to absorb a little over half the … Continue reading
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Eurozone unemployment rises to 11.1 %.A major stimulus is required.
Eurostat has released their latest unemployment data and it is ugly. Unemployment has risen again to 11.1 % overall for the Eurozone led by a rise in Spain as well as a small rise in France. Only a major co-ordinated … Continue reading
