Daily Archive: December 16, 2017

Dec
16

Why business could prosper under a Corbyn government

Labour’s economic plans will alleviate the long-term damage being inflicted by austerity policies

While the Daily Mail, with Pavlovian regularity, persists in ringing the “Marxist” alarm bell, the Financial Times is a little more measured. “Labour has a fair wind” with business leaders, the paper argued this month, “with many terrified of a hard Brexit”. At the CBI’s annual conference in November, leaders of industry gave Jeremy Corbyn a distinctly warmer welcome than they gave Theresa May.

That should come as no surprise, given the destabilising extremism of the Conservative Brexiters. Their echoing of hard-right American Republican ideology and advocacy of a hard Brexit is based on the belief that the UK’s economic interests, in particular the NHS and public services, would benefit from subjugation to American oligopolistic capital. Hence the calls for the UK to join the North American Free Trade Agreement. Yet, at the same time, polling shows that the British people are disillusioned with the privatisation of key sectors, and favour nationalisation. They seek protection from the impact of deregulated market forces on their lives and livelihoods and on their children’s prospects.

From 1956 to 2008, Conservative governments had an average annual surplus of 0.3% of GDP, while Labour’s was 1.1%

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Dec
16

This Cat Named D-O-G Helps Train Pups To Be Service Dogs

This Cat Named D-O-G Helps Train Pups To Be Service DogsNot many cats get to have a career as a dog trainer, but one Missouri feline is doing just that.


Dec
16

Amid Sexual Harassment Probe, Democratic Rep. Ruben Kihuen Won't Seek Re-Election

Amid Sexual Harassment Probe, Democratic Rep. Ruben Kihuen Won't Seek Re-ElectionDemocratic Nevada Rep. Ruben Kihuen said on Saturday he won’t seek re-election in 2018 just one day after the House Ethics Committee said it would investigate allegations of sexual harassment from two women.


Dec
16

Trump to say in security speech that China is competitor: officials

Trump to say in security speech that China is competitor: officialsBy Steve Holland WASHINGTON (Reuters) – President Donald Trump will lay out a new U.S. national security strategy on Monday based on his “America First” policy and will, among other items, make clear that China is a competitor, two senior U.S. officials said on Saturday. Trump has praised Chinese President Xi Jinping while also demanding that Beijing increase pressure on North Korea over its nuclear program and to change trade practices to make them more favorable to the United States. The national security strategy, to be rolled out in a speech by Trump, should not be seen as an attempt to contain China but rather to offer a clear-eyed look at the challenges China poses, said the officials, who spoke on condition of anonymity.


Dec
16

This year has been about companies and jobs. Will 2018 be about wages? | Greg Jericho

There’s been a big increase in tax revenue, which should lead to a smaller than expected deficit – but so far it’s coming from companies, not individuals

The year has ended well for the treasurer. The latest job numbers out this week show that employment growth remains strong and Monday’s mid-year economic and fiscal outlook (Myefo) is likely to show a smaller deficit than was projected in the May budget. But amid that good news is a notable indicator of the problem that has cast a pall over all the economic news this year.

The Myefo is essentially the last major economic news for the year. There isn’t any more big data to arrive from the ABS (which, like the rest of the public service, will shut down between Christmas and New Year). And even the Myefo is not expected to be altogether surprising. There have been reports about new cuts to university funding, but the big picture is mostly known, and it is mostly good news for the government.

Related: Turnbull declares ‘jobs and growth’ a reality as employment surges

Related: Penalty rate cuts followed by weakest consumer spending since 2008

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