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 austerity

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updated Sun. April 15, 2018

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A century or so in political time has passed since 2014's Conservative Political Action Conference, but there were two speeches given over the course of that weekend that are perhaps worth remembering today. One was an immigrant-bashing midday address delivered by Donald J. Trump, then ... crusade

Although it wasn't the only undercurrent in 2017, one of Theresa May's mistakes was trying to make the reduction in public spending more "fair" by making the future burden of austerity more equal across the age distribution, by cutting back on some of the state spending on the retired. This backfired, ...
It's worth saying that out loud and repeating it to ourselves and others, because today's Powers That Be (economic, political and media) are wrongly forcing a regime of austerity on our nation. They're insisting that we hoi polloi must downsize our middle-class dreams, claiming that America no longer ...
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With Syriza, the 'radical left' party, doing the dirty job of austerity, hope was killed, depoliticisation and demoralisation exploded." Nothing threatens a people more than the sense that there is no alternative to a path to oblivion. Our quiet desperation has lasted long enough. This is why we are now coming ...

Half of Greece's private sector employees (50.2 percent) earned less than 800 euros a month in 2017, according to a survey conducted by INE/GSEE, the country's largest trade union. Although the austerity measures introduced eight years ago to deal with the debt crisis have affected most Greeks, private ...
Puducherry Lt Governor Kiran Bedi today stressed the need for austerity measures to reduce the debt burden of the territorial government. Presenting her customary address on the opening day of the Union Territory Assembly here, she said, “Puducherry is now facing financial constraints due to servicing of ...
Three years after leaving Greece's government over its agreement to accept a third international bailout, Varoufakis is again challenging the austerity politics of the European Union (EU), the European Central Bank and the International Monetary Fund. “They're not interested in Greece's recovery or even ...
Last month, when the two-year budget deal was announced, NPQ noted that the main takeaway was that the “era of federal austerity [had] been severely interrupted, if not ended entirely.” We added that “many nonprofits will welcome the unexpected funding boost, even if that boost is primarily a result of ...
With the new agreement with the federal government, initial expectations were that Baghdad would pay KRG civil servant salaries in full and not the reduced wages of the austerity measures, beginning with the health and education sectors. The first payment however, was distributed among all sectors and ...
"Detroit along with colonized Puerto Rico has been at the epicenter of bank-imposed austerity against the workers and oppressed in this hemisphere," a release for the event says. "We will hammer out a program on how to fight back against the war by the corporations, the banks, and their lackeys in ...
Perhaps the greatest problem for the Tories where education is concerned is that even if direct funding is bolstered, schools still end up on the frontline of austerity. Children suffer when other local authority services disappear. Benefit cuts and the imposition of capricious sanctions on parents hit many of ...
'Cuts will further disadvantage people with disabilities, certain ethnic groups, women and lone parents.' Photograph: Dan Atkin/Alamy. On Tuesday, the chancellor announced that the government's debt would start to fall relative to GDP – a target originally set by George Osborne in 2010. Back then, the ...
But given the mounting evidence that shows austerity is bad for the economy, growing public dissatisfaction, weakened levels of investment as well as the rising human costs – what is he waiting for? The truth is he's not waiting; he's trying to hoodwink us. There is no light at the end of the tunnel because ...
There are few thinktanks and significant figures who influenced the debate at the time who still agree that austerity was the right medicine. The Paris-based Organisation for Economic Co-operation and Development and the International Monetary Fund were cheerleaders for austerity in 2010. Both later ...
Rising debt and austerity measures, combined with volatile and rising oil prices forced energy prices to swell long before the hurricane. In fact, in 2014, residential electricity prices in Puerto Rico were 2.1 times higher than average prices in the United States; worse, industrial energy prices were ...

WHEN SO MUCH is scarce, there are only, as Karen Van Dyck writes in her introduction to Austerity Measures: The New Greek Poetry, "new ways to imagine what can be radically different realities." This anthology gathers an eruption of voices emerging from Greece in the last decade -- where, ...
The NHS is already in dire straits due to the financial pressures exacerbated by austerity. Last September, Chris Hopson, chief executive of NHS Providers, estimated in the Guardian that the Health Service needed an emergency investment of £200m to £350m to avoid a winter crisis. It didn't come – and ...
I see that according to some tabloids the real crisis in the UK today is not Brexit, education, prisons, university fees or underfunding of the police force. We were all under an illusion, as it is in fact a lack of chicken for the fast food chain KFC. I wonder whether, on leaving the EU, the logistics and sheer ...
President Michael D Higgins earned the “gratitude” of the Greek people when he expressed solidarity with their country during its “disastrous” experience under austerity, a Greek government minister has said. Speaking ahead of the President's three-day state visit to Athens later this week, George ...
As in previous years, the trade union federation warned the government not to resort to austerity measures, saying these would impact the poor and working class the most. Instead, Cosatu called on Ramaphosa to cut the size of national and provincial cabinets, trim the perks of politicians, and halt the ...
LONDON, (Reuters) – With years of austerity in their rear-view mirrors, the world's biggest oil companies are locked in a beauty contest to lure investors with promises of growth and greater rewards. Royal Dutch Shell and Total are emerging as frontrunners after a three-year slump thanks to strong growth ...
“Some councils are now in significant financial difficulty as a result of Government austerity but Newcastle, as a result of good financial management and innovation in delivery of services, is in a much stronger position. “But despite these deep and unfair cuts, we continue to be ambitious and outward facing ...
The Bermuda Government will borrow an extra $90 million in 2018-19 and put back the date to balance the budget by another year. David Burt's maiden Budget yesterday focused on economic stimulation at the expense of austerity. One of the results is that the deficit will not be eliminated in 2019-20, ...
The deficit therefore has to come from those who have already experienced several years of austerity. In truth, the Tory government designed devolution deals to devolve blame. The responsibility is shifted from the centre to the regional level and eventually to local authorities, which are ultimately held ...
Workers and equipment conduct a hydraulic fracturing job in Texas' Permian Basin. (Apache/file photo). Photo: Gaylon Wampler. Image 2 of 2. Apache's operations in the Permian Basin are fueling Apache's growth. Apache Corp. is a winner of the Chronicle's annual Top Workplaces award. Apache's ...
Future crisis management should strive for a better balance between fiscal and social objectives to avoid adverse effects on the economic capacities, labour markets and social protection systems of the countries concerned. Instead of restrictive austerity, the EU institutions should in future crisis situations ...
The Cranhill estate in Glasgow. 'If anything, the more hardship austerity caused, the more necessary it was for many to cling to the narrative.' Photograph: Murdo MacLeod for the Guardian. What do people think the economy is? How do they think it works? How do you think it works, if you think it works at all ...
Local authorities have endured the last eight years in a permanent state of austerity. The resilience, determination, commitment and creativity displayed should be highly commended in whichever leadership sphere you may be in. This has led to exceptionally lean executive director structures at a time ...
We support calls for the immediate release of all those detained without charge and an end to the use of torture by the state. We support demands on the Sudanese government to immediately lift the austerity measures imposed on the people and to guarantee media freedom. Like the article? Subscribe to ...
And, to be sure, a lot remains unresolved, including the fate of the 690,000 undocumented immigrants brought to the United States as children who call themselves “Dreamers.” But, on the budget itself, one message stands out: The era of federal austerity has been severely interrupted, if not ended entirely.
For years, austerity, deregulation, the rolling back of labor rights and public services, the rule of money over society, had been facts of life. Now suddenly they were live political questions. It was riveting. Syriza was represented in these negotiations by its finance minister, Yanis Varoufakis. With his shaved ...
As a proud resident of Northamptonshire, I have been closely watching the events at the county council unfold. We, those in the county that take an interest, have felt that bankruptcy is only a question of time. The announcement of a section 114 notice banning all new spending suggests that our predictions ...
But the leader of the Portuguese government, Antonio Costa, has taken back some of the austerity measures in pension cuts, and on wages. So without tight control might others feel that they can follow suit? "This is a serious government. It's a pro-European government. They are fully in line with their ...
Apps Puzzles Horoscopes Shop Paper · 4°C · HOME · News · Showbiz & TV · Sport · Comment · Finance · Travel · Entertainment · Life & Style · City & Business · Personal Finance · The Crusader · Retirement · Home · Finance · City & Business; Greece turns corner after EU-enforced austerity with first bond ...
First and foremost, nearly everyone agrees that many D.C. policymakers on both sides are just tired of the austerity put into place by sequestration. Those automatic cuts to military and discretionary spending were meant to be so unappealing and politically toxic that they would force Republicans and ...
The last seven weeks amount to a sea change in United States economic policy. The era of fiscal austerity is over, and the era of big deficits is back. The trillion dollar question is how it will affect the economy. In the short run, expect some of the strongest economic growth the country has experienced in ...
The other side of this “new beginning for Europe” is the intensification of austerity policies, which have already thrown millions of workers and young people into poverty and unemployment. The government's goal is to “strengthen the EU's competitiveness and growth potential in the context of globalization,” ...
A wave of street demonstrations have spread across major cities in Sudan in protest against new austerity measures pushed by the North African country's government. At the behest of the International Monetary Fund (IMF), the administration of President Omar al-Bashir is removing state subsidies for basic ...
Nowhere is the Conservative party's reckless embrace of austerity more evident than in English local government. This week a survey of town halls has found that 95% plan to increase council tax by up to 6%, and almost the same amount will put up fees for garden waste collection, planning, home helps ...
Waiting for an ambulance, unable to breathe, brings austerity home. Frances Ryan. It only takes a moment of being in need to make cuts frighteningly real. The tipping point must be coming. Contact author. @drfrancesryan. Thu 8 Feb 2018 03.00 EST Last modified on Thu 8 Feb 2018 09.18 EST. Share on Facebook · Share ...
What happened to the recovery? It's a complex question with a surprisingly simple answer. The density of the topic, particularly entangled as it was in close proximity to the calamity of the Great "Recession," clouded the diagnosis. If you ask ten different academic economists you might get ten different ...
Scotland faces a choice between a happier, Scandinavian-style society or never-ending austerity, writes Joyce McMillan. ... The truth is that the UK has been on a dismal diet of austerity for a decade now, ever since the 2008 crash; for most of us, wages have flatlined in real terms, some public services and ...
The FM had hinted that he would resort to austerity measures which have become unavoidable given the fiscal position of the government. The focus in the budget will be to keep fiscal deficit below three per cent. Revenue generation is the biggest challenge and the FM is likely to come up with measures to ...
Unions, political parties and student organisations took to the streets to protest the austerity measures and resist the battering of the police. The bill, presented in Congress by Argentina's ruling coalition Cambiemos (Let's Change), seeks to reduce spending on social security by $3.4 billion. This will mean ...
The City of Johannesburg was able to save almost R500-million through austerity measures in the 2016/17 financial year and at the same time reduce unauthorised expenditure. On Wednesday‚ the Auditor-General's report on the city's finances was tabled before council for adoption. The AG report showed ...
Effective long-term strategic economic planning specific to a country's customs, traditions, and culture is great for everyone: national stakeholders, citizens, employees, employers, businessmen, investors, and governments. However, any type of economic planning for the British Virgin Islands must take into ...
On Jan. 15, Greece's parliament adopted new austerity measures aimed at placating its international lenders, including greater restrictions on the right of workers to strike and cuts on benefits to large families. The measures, which passed despite days of protests and crippling strikes in Athens, pave the ...
Austerity policies are having a significant impact on the soaring level of homelessness in England and elsewhere in Europe, putting people at risk of serious physical and mental health problems and lower life expectancy, experts have argued in the BMJ. In their editorial, they have called for a ...


 

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