Web links for 23rd September 2010
Congressman Pete Stark explains the bill he has introduced in the US House of Representatives calling for a 0.005% tax on financial transactions to fund anti-poverty measures in the US as well as globally, and to tackle climate change (FT – registration required).
“The Guardian” reveals that a report to the Metropolitan Police Authority tomorrow will warn that 25 per cent cuts will result in “significant reductions in officers and staff numbers” and that detection rates are already down for a number of crimes including burglary, robbery and hate crimes.
Will Straw has an excellent post on Left Foot Forward, taking apart the argument that eliminating the deficit is essential for growth. Will points out that the coalition’s favourite examples of countries growing after making cuts are all times when demand was growing in the rest of the world, making export-led growth much easier to achieve – for more on this argument, see Jayadev and Konczal’s “The Boom, Not the Slump“.