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

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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

Posted in austerity, deficit hysteria, deficits and debt, European unemployment, Greek sovereign debt crisis, Spain, Uncategorized, unemployment | Leave a comment

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

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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

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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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