Links: 2010-02-22 – UK bank overdrafts, jobseeker privacy and more
- The Woman Behind Greece’s Debt Deal – WSJ.com
- Bailout Anger Hurts Geithner’s Public Image, Effectiveness – WSJ.com
- BBC News – Judge backs Bank of America’s Merrill Lynch deal fine
- Porsche May Struggle to Comply With U.S. Fuel Limits, FTD Says – Bloomberg.com
- U.S. Tops Canada 5-3 to End 50-Year Olympic Drought – Bloomberg.com
- Andrew Koch: Job Seekers’ Irrational Confidentiality Concerns
- Greece Said to Have Arranged Swap Contracts With About 15 Banks – Bloomberg.com
- BBC News – Lufthansa pilots’ strike disrupts thousands
- BBC News – Bank overdraft charges face new legal attack
- I’m Stuck With A Broken TV From A Bankrupt Retailer. What Do I Do? – The Consumerist
- Couple told by BT that broadband upgrade would cost £45,000 – Telegraph
- Expiration dates mean very little. – Slate Magazine
- The New Poor – Despite Signs of Recovery, Long-Term Unemployment Rises – Series – NYTimes.com
- New poll reveals depth of outrage at bankers’ bonuses | Business | The Observer
- The Mess That Greenspan Made: Three ways to fail a drunk driving test
- FT.com – George Soros – The euro will face bigger tests than Greece
hm…..it doesn’t seem that devaluation really helped the british industry…
https://www.ftd.de/finanzen/maerkte/marktberichte/:das-kapital-die-briten-muessen-es-ja-wissen/50078690.html
Not really true. If you look at the latest national statistics,
(_https://www.statistics.gov.uk/pdfdir/qna1209.pdf_
(https://www.statistics.gov.uk/pdfdir/qna1209.pdf) )
you’ll see that the only positive contribution to growth is from net
exports. Even though I generally subscribe to the view that “exports are a
cost and imports are a benefit” (on the grounds that it is always desirable to
have populations consume their own economic output if possible), from a
national accounts perspective, exports are a contributor to growth. For all
of the fuss made about the UK’s “fiscal sustainability”, the stats show me
that government spending is still insufficient to outweigh the total
collapse in consumption and investment over the past 18 months, so exports are
the only thing that kept GDP positive is because the decline in imports
outweighed the decline in exports and given imports are a leakage from the
expenditure stream. So the import contraction is considered “good” for growth.
In a message dated 2/23/2010 06:27:48 Mountain Standard Time,
writes:
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