Category Archives: anti austerity

Yellen announces 25 basis point rate increase. Will this dampen Trump’s infrastructure stimulus ?

The chair of the Federal Reserve Janet Yellen has announced a small but policy significant increase in their targeted range for interest rates from 0.25% to 0.50 % to 0.5% to 0.75%. The over night funds rate sits at 0.41% … Continue reading

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Corbyn wins significant victory returned as UK Labour party leader:fallout from crash continues

Jeremy Corbyn the embattled socialist leader of the Labour party has won a major victory in the second battle for leadership of the Labour party. He defeated his more centrist challenger Owen Smith by a margin of 62% to 38%. … Continue reading

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Theresa May 199, Andrea Leadsom 84, Michael Gove 46 Gove eliminated and Leadsom drops out. May will be prime minister.

The Michael Gove betrayal gambit turns out all for nought. Ruthlessness has its electoral limits. So the next British Prime minister will be a woman, Theresa May. How long she can keep the job without calling an election remains to … Continue reading

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UK continues to reel from Brexit shock: Johnson drops out of the race to succeed Cameron .Corbyn refuses to resign.

The fallout from last Thursday’s Brexit vote in the UK continues. Five candidates to replace PM David Cameron as leader of the governing Conservative party have announced their candidacy. These will be reduced to the leading two by a vote … Continue reading

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Brexit vote very close Leave side ahead 51.3 % to 48.7% for Remain as count continues with 266 of 382 regions counted and declared

As of 11:20 Montreal time Thursday evening the Leave side is headed it would seem to a narrow victory in the Brexit referendum.They are currently ahead by 11,098 011 votes to 10 477 662 votes for Remain. The turnout was … Continue reading

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German High court approves the constitutionality of European Central Bank buying state debt

I have been away from my web site for some time recovering from the toil of exam grading and a bad case of spring flu. In that period of several months much has transpired including the tragic passing of a … Continue reading

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Labour will bring Keynes not just Piketty to Downing St. If they win

There is an interesting article in the current New Yorker on line  by John Cassidy in which he claims that if Labour wins the British election it will be a victory not of Keynesian doctrine over Conservative austerity but of … Continue reading

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