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Sitting minding other peoples business on the Gerrards Cross to London train this morning - I happily read the briefing document of the Treasury man sitting beside me of rise in unemployment anticipated from upcoming Economic Review. 468,000 government jobs are going to go by 2014/15 and 112,000 London jobs will go (3% of total jobs). The "narrative" of the cutting is to try to blame Labour and not to allow any linkage with Thatcher cuts.


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Oct 12th, 2010 at 01:18:38 PM EST
Doesn't surprise me. These people are utter scum. My difficulty is whether or not Labour will come up with a convincing alternative narrative or will they just be arguing about the scale of capitulation to the City

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 12th, 2010 at 01:46:38 PM EST
[ Parent ]

The US economy is frequently compared to Japan in the early days of its lost decade, but here's one way it's way different: the US is a much worse place to be a worker.

As this chart from Deutsche Bank nicely illustrates, US unemployment took off like a rocket when the crisis hit. In Japan, it barely budged, just gradually getting slightly worse over the years.

There must be a mechanical reason for this.

by das monde on Tue Oct 12th, 2010 at 11:41:55 PM EST
[ Parent ]
GFG!!! We're Number One!!!

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Wed Oct 13th, 2010 at 07:07:22 AM EST
[ Parent ]

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