Maybe a New New Deal?
Maybe a New New Deal?
Ignoring all the medium or small companies which usually have no interest in moving out of the country, salting the earth by making sure your economy is never going to be competitive in the first place doesn't seem ot be all that constructive, just for the off-chance that some may take their freedom and move "overseas" or wherever...
So New Democracy, Pasok, and the Democratic Left are signing on to a pro-austerity coalition government.
I honestly didn't see it coming.
And re: The Supply vs Demand argument.
http://www.ft.com/cms/s/0/992453d0-7...#axzz1yKz6LCPx
http://moneymorning.com/2011/03/29/u...hing-but-jobs/
Why are people even arguing it?
It's way more than that when you figure in the cost of the wars, and the cost of the spying apparatus *AND* the budgets not made public for both the military and the spy agencies.Originally Posted by cheeba
Could one make the argument that there's now more direct competition between automation and labor for dollars?
When the argument is that corporate dollars/profits are abundant even during a period of reduced sales, I'm not sure that argument makes much sense. But I did hint at the "before we all lose our jobs" thing in that FYP which is a longer term trend that I have no idea has anything to do with the immediate crisis.Could one make the argument that there's now more direct competition between automation and labor for dollars?
Capital investment makes sense if you are unsure of the economic future. They don't want to hold on to the money as they get no return due to low interest rates, hiring new labour is both costly and if the economic climate doesn't improve or gets worse then they have a huge new burden on their balance sheet and if they decide to shed jobs thats expensive too. Capital investment however is incentivised through tax breaks (according to those articles) and I guess it counts as a tax offset in terms of reducing their profits.
I'm sure someone whose actually studied business in some form or another (economics, commerce, finance etc) can elaborate further on my rather shallow analysis.
Businesses don't hire additional staff for markets that they can already satisfy demand. Sometimes, some expansions and investments might mean more people, but the vast majority of new hires takes place to deal with turn over and unfulfilled sales. Hell, in a stagnant market, businesses naturally shed jobs in the hope of increasing efficiencies and profits.
bolded part confirms its just a massive troll.
liberalising labour markets does not need to be a "workers lose, bourgeois win" situation at all, if the increased liberalisation is backed with a increased security net you get something like "Scandinavian model" of very liberal labour markets but also very high and reliable unemployment security, it allows people to take chances they would normally not and increases social mobility by a lot.
of course, it costs a fuck-ton of money so you're going to have to nearly tax your citizens fairly hard and the "model" as a host of other weaknesses, especially as it will struggle to cope with a top heavy population pyramid even more than anything else.
It seems to me like we have a multi-way problem of businesses being unwilling to pay a premium for experience and unwilling to front the costs of training new employees, so they outsource from America when possible because both of these options are cheaper in foreign countries. Given my lack of background in economics, I defer to the smarter and or more educated folks in those areas; am I wrong, and would it help anyone out if an Alternate Minimum Tax was implemented while simultaneously removing many tax deductions and making Domestic new employee training costs tax deductable? While I'm at it, would it help to further tax companies that choose to outsource labor?
http://www.guardian.co.uk/money/2012...tions-answered
UK banks get downgraded, RBS and a few subsideries fail-cascade - software incident apparently?
3 days later, people haven't been paid, companies can't pay wages...
Probably a coincidence.
Last edited by Pattern; June 22 2012 at 09:19:18 PM.
As my wife's wages were being held up by this, but have now gone through, almost defiantly a coincidence.
Some paying in machines have been taking money and not crediting the account, they're also having difficulty finding the appropriate records. "logs show nothing" lol.As my wife's wages were being held up by this, but have now gone through, almost defiantly a coincidence.
Will she still be banking with them next week?As my wife's wages were being held up by this, but have now gone through, almost defiantly a coincidence.
Sent from my HTC One X using Tapatalk 2
doubtful.
more like "bestest IT service from india in practice"
afaik, these people cut pretty much their entire IT support group and replaced them witth 5$ a hour indians because its cheaper, you get what you pay for, in either case i would take my business elsewhere simply because this is not going to be a "one off" situation, when you toss out your entire IT organisation like that it takes around 10 years to rebuild it from the bottom up to the level it was at previously, you might have the people in place in a matter of months but just having that does not automagically grant the required experience.
I had just opened an Ulster Bank account (irish subsid of rbs) and was in the process of moving my direct debits and loot over -.- Have never seen a banks systems go tits up this badly before.
Studies agree a vast income gap is bad for business
"Income inequality across the globe is high and rising, according to a recent report from the Organisation for Economic Co-operation and Development. This is bad for economies and societies, and policy makers should take steps to reverse the trend, according to the OECD." - http://www.ft.com/intl/cms/s/0/3545b...#axzz1yYggWGLh
Report: http://www.keepeek.com/Digital-Asset...89264119536-en
Last edited by GeromeDoutrande; June 24 2012 at 02:21:10 PM.
double posting
Wasn't that nearly the most likely scenario?
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