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Recent Posts
- Fed and Bank of England raise rates Bank of England warns of recession
- Federal Government Budget cautious document :unemployment projected to be 5.8% then fall to 5.5 % in 2022-23
- Hello after much faffing about with the help of my computer savvy son I am glad to say that my wordpress site is once again accessible
- Poli 349 AA (9930): Political and Social Theory and the City. Course outline fall 2021. Thursday 5:45-8:15 Prof. Harold Chorney (Latest Version).
- Poli 204 Course outline Prof.Chorney latest version
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Category Archives: Uncategorized
Greece on road to new election;François Hollande begins his term as Président of France
This has been a watershed day in Europe. With considerable pomp, much joy and great expectations François Hollande has begun his term as seventh Président of the fifth République following in the historic footsteps of Charles De Gaulle, Georges Pompidou, … Continue reading
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Greek talks appear to fail:New elections very likely;anti-austerity a growing movement
According to the latest reports from Greece the talks among the three leading party leaders and the Greek president have failed to reach an agreement essentially because Syriza is sticking to its position and refusing to agree to enforcing extreme … Continue reading
Mélenchon challenges Le Pen in her Pas de Calais assembly seat; Greece new election very likely
Jean Luc Mélenchon , the left wing anti-austerity candidate for the French presidency has announced that he will be a candidate against Marine Le Pen, the right wing National Front Presidential candidate who holds a national Assembly seat in the … Continue reading
Greece has a GDP as large as…Minnesota or Alberta !
Just to put matters into a bit of perspective we should note that the GDP of Greece in 2011 was 217.8 billion Euros or roughly 283 billion U.S. $. The GDP of Alberta in 2011 was 286.6 billion C $ … Continue reading
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Greek political stalemate continues: Pasok tries to get agreement on government that backs austerity but seeks to soften its impact
The head of Pasok has been handed the mandate to hammer out an agreement to form a coalition government from itself with 13.4 % of the vote, New Democracy with 19 % of the vote and the social democratic party … Continue reading
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Stock market reaction knee jerk and irrational…as usual
The negative initial reaction to the election in France of François Hollande and the repudiation of austerity in Greece was not unexpected. Nevertheless it is irrational and by the end of the day stocks seem to be recovering although the … Continue reading
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Triple witching hour for austerity:Hollande wins in France, Labour in Britain, anti-austerity in Greece.
A small but significant earthquake has occurred over the past few days in Europe. The victory of the Socialist party in the Presidential race combined with the election results in Greece along with the drubbing of the Conservative and Liberal … Continue reading
Posted in austerity, business cycles, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, France politics+economy, Greek sovereign debt crisis, Mr.Papandreou and democracy, progressives, treasury view, UK local elections, Uncategorized, unemployment
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François Hollande Wins:Exit Polls claim;Greece votes to repudiate austerity
François Hollande has won the French Presidential election with 51.9 % of the vote according to French exit polls. Nicholas Sarkozy has obtained 48.1 % of the vote according to these exit polls. It is an historic victory for the … Continue reading
Greece votes on Sunday: anti austerity parties likely to capture more than 50 % of the vote.
Greek voters go to the polls in a few hours and it appears from the polls and expert analysis that the two major parties New Democracy and the Greek socialist party Pasok may together not get more than 40 or … Continue reading
More evidence that stimulus increases growth and reduces public debt
Stimulus produces faster economic growth and also leads to less public debt. I and other Keynesians have argued this for years. Here is an excellent piece of research by a young economist from Italy who has also taught at LSE … Continue reading
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