Category Archives: unemployment

Poli 610:Macro-economic theory and policy after Keynes and the crash of 2008

Posted on September 6, 2012 by haroldchorneyeconomist

Pol. 610  Macro-economic policy-making after Keynes Concordia University fall, 2012 Prof. H. Chorney tel. 848 2424 ext.2106  e mail Chorney@alcor.concordia.ca Office hours tba This course is an intensive examination of macro-economic policy-making and macro-economic theory in the light of recent … Continue reading →

Posted in austerity, business cycles, Canada, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, free trade and globalization, full employment, Hayek, J.M.Keynes, Keynesian multiplier, labour market clearing, Milton Friedman and NAIRU, monetary policy, natural rate of inflation, quantitative easing, quantity theory of money, Schumpeter, U.K. economy, U.S., Uncategorized, unemployment | Leave a comment

Premier Charest calls election September 4th :PQ and Liberals neck and neck

Posted on August 1, 2012 by haroldchorneyeconomist

Premier Jean Charest the leader of the provincial Quebec Liberal party has called a provincial election for September 4, 2012. The last election was held December 8, 2008. Charest won last time with a small majority of the seats. But … Continue reading →

Posted in Canada, civil liberties, Québec, sovereignty of quebec, Uncategorized, unemployment | Leave a comment

UK growth negative for second quarter 2012:more evidence austerity does not work

Posted on July 25, 2012 by haroldchorneyeconomist

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 →

Posted in austerity, business cycles, classical economics, deficit hysteria, deficits and debt, U.K. economy, Uncategorized, unemployment | Leave a comment

Eurozone unemployment rises to 11.1 %.A major stimulus is required.

Posted on July 2, 2012 by haroldchorneyeconomist

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 →

Posted in austerity, business cycles, deficit hysteria, deficits and debt, European debt crisis, European unemployment, France politics+economy, Greek sovereign debt crisis, Italian debt crisis, Spain, Uncategorized, unemployment | 1 Comment

Supreme Court upholds Obama Care; Europe continues to debate how to rescue economy from bond market blackmail

Posted on June 28, 2012 by haroldchorneyeconomist

The Supreme Court in a 5 to 4 decision with Chief Justice Roberts siding with the majority has upheld most of the Affordable Care Act by ruling its provisions constitutional under the federal powers of taxation. Four of the liberal … Continue reading →

Posted in austerity, deficit hysteria, deficits and debt, European debt crisis, European financial stability fund, European unemployment, France politics+economy, Greek sovereign debt crisis, Italian debt crisis, monetary policy, quantitative easing, Uncategorized, unemployment | 1 Comment

Greek election a dead heat New Democracy and Syriza neck and neck in exit polls

Posted on June 17, 2012 by haroldchorneyeconomist

Exit polls which sample 80 % of those who voted show New Democracy at 27-30.5 % and Syriza at 27-30 %. Pasok is at 10-12 %. The other parties including the extremist right wing party New Dawn, the communists, the … Continue reading →

Posted in austerity, European debt crisis, Greek sovereign debt crisis, Uncategorized, unemployment | Leave a comment

The Greek election, the euro and the necessity to escape austerity

Posted on June 16, 2012 by haroldchorneyeconomist

We are on the eve of the second election in Greece and many establishment voices in a co-ordinated campaign are raising the prospect of total disaster should the Greek electorate choose the left wing coalition Syriza which while committed to … Continue reading →

Posted in austerity, classical economics, deficit hysteria, European debt crisis, Greek sovereign debt crisis, treasury view, Uncategorized, unemployment | Leave a comment

Spanish banks bail out, French parliamentary elections, Unemployment rises in Europe,Canadian unemployment stable but still too elevated.

Posted on June 12, 2012 by haroldchorneyeconomist

A lot of information to process. Most of it not good. The best although mixed news comes from France where the first round of the parliamentary elections showed a strong showing by Francois Hollande’s socialist party which garnered about 29.35% … Continue reading →

Posted in austerity, Canada, France politics+economy, Québec, Spain, Uncategorized, unemployment | Leave a comment

Greek talks appear to fail:New elections very likely;anti-austerity a growing movement

Posted on May 13, 2012 by haroldchorneyeconomist

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 →

Posted in austerity, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Greek sovereign debt crisis, Mr.Papandreou and democracy, Uncategorized, unemployment | Tagged , , , | Leave a comment

Triple witching hour for austerity:Hollande wins in France, Labour in Britain, anti-austerity in Greece.

Posted on May 6, 2012 by haroldchorneyeconomist

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 | Leave a comment