From the TUC

They Just Don’t Get It #6: The Global Economic Summmit

Adam Lent
Guest

22 Oct 2008, by in Economics

So the global economic summit designed to rethink the world’s financial architecture is going to happen in Washington next month.  The White House said it will be an important opportunity for world leaders to enhance their commitment to open, competitive economies, as well as trade and investment liberalisation. Investment liberalisation!?  Isn’t that the problem?  Surely…




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Breaking the secrecy code

Nigel Stanley

22 Oct 2008, by in Society & Welfare

Today’s papers are full of the varying accounts of George Osborne’s yachting trips. But it’s hard not to conclude that his real crime in the eyes of Nathaniel Rothschild is that he has broken the secrecy code of the super-rich, and brought us all a glimpse of their detached lifestyle.




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Bush: trade sanctions on Bolivia for NOT restricting trade

Owen Tudor

20 Oct 2008, by in Economics, International

OK, to be honest, Bush’s sanctions on Bolivia are about Bolivia’s alleged failure to control drug trafficking, rather than trade generally. But I’m at a Wilton Park conference on labour/environmental standards in trade agreements, and the irony struck me. At our conference, trade unionists, employers and trade negotiators are disagreeing about whether the World Trade…




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A ‘modest proposal’ on immigration?

Owen Tudor

19 Oct 2008, by in International

New immigration Minister Phil Woolas has spoken out on immigration, and, true to form, has revealed that the brief he’s been given is, as always, to sound tougher than the last guy! He has told the Times that he wants to make it harder to enter the UK, and indeed that the Government doesn’t want…




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A consumer response to the recession

Nigel Stanley

17 Oct 2008, by in Economics, Pensions & Investment, Society & Welfare

I went to an interesting seminar this morning at Consumer Focus – the new statutory consumer organisation formed from the National Consumer Council, Postwatch and energywatch. It brought together a range of organisations – unions, thinktanks, consumer and advocacy groups  – with an interest in the effects of the financial crisis and recession on wider society. Mick McAteer…




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Restricting workers’ rights does not offer protection from unemployment

Nicola Smith

17 Oct 2008, by in Labour market

The CBI’s Deputy Director-General, John Cridland, has predicted that “changes in the economy since the recessions of the eighties and early nineties should help us avoid the levels of unemployment we saw then” because “the UK labour market is much more flexible”. But does a ‘flexible’ labour market with weak employment protection reduce the likelihood of us…




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Should we blame the geeks?

Nigel Stanley

17 Oct 2008, by in Economics

Buried away in the Guardian technology section is a fascinating story that suggests that automatic trading by computers has been a contributory factor in the financial crisis. It might be better to see this as a symptom, rather than a cause. Computer trading in products that few can understand is a result of a particular…




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