Tagged with: austerity
suhasinisakhare.com
Here is the deal. After reading about 2000 odd articles on the Financial Crisis over the three years, I am convinced that the banks themselves do not understand the world around us that has changed rapidly. Time and again, you've had calls for paying bankers less bonus . Calls that hold bonuses responsible for the mass psychosis that led to the Financial Crises. Calls that ask for bonuses to be c...
suhasinisakhare.com
Some say the British Empire was built on the blood of Englishmen. I say it was built on the notion of giving our species a common language. A common language chosen based on a single parameter, that the people standing behind it would stay open to learn. That the language would not be a dead thing, cold, fleshy and limp, but a vibrant scimitar, slashing through phonetic arrogance, welcoming new w...
suhasinisakhare.com
The Irish Prime Minister has today announced a 4 year budget for Ireland, meant to secure Euro 15 Billion of spending cuts and tax increases. They are tough cuts, starting from the minimum wage, going on to public sector jobs. They add up on paper. A few days back I'd written that Ireland will see a boom again, probably one which might take it back to the pre 2008 boom days . Well, not any more,...
suhasinisakhare.com
So, it's official. Ireland has gone in for a bailout from the Euro Zone. Amounts and terms to be determined in negotiation. It apparently will not be forced to compromise with its Corporate Tax rate, a sore point with the American firms based in Ireland. Ireland has promised to make its banks smaller, even as it now implements austerity. The difficulty is going to be compounded by the fact that o...
suhasinisakhare.com
The Telegraph has reported on November 11, that despite an uneven recovery, Government austerity and falling support from public services, Millions of consumers in the UK are still spending more than they earn . The author attributes this to average salaries being lower than basic needs dictate. I have lived in London, one of the most expensive places in the UK, for a couple of years. When I immi...
suhasinisakhare.com
Greece has been particularly badly hit by the European economic meltdown, and has had a debt crisis earlier this year. As Europe turns the corner, countries worst hit by the debt and Euro scandals have taken numerous austerity measures. Though a European recovery is currently not visible anywhere on the horizon, China has already signaled it trusts in Europe's fundamentals. Further, a European de...
suhasinisakhare.com
Merrill Lynch has issued a warning that inflation numbers, resulting higher interest rates, and quantitative tightening, will make UK bonds too expensive over the medium term . The UK's follows the US up and down, and UK inflation will therefore, likely cool down within a quarter or 2. So the logic outlined by Merrill Lynch, does not exactly hold. However, sovereign bond holders invest in the eco...
goodbyetv.com
Desperate times call for desperate measures. Decisive Desperate Action. Let's be risk takers! I am The Controller, and while I get what the Auditor is saying , I'm looking for Results. So let's fight back! After all, how many times have we been ridiculously told... It is necessary! Downsizing. It is necessary! Getting rid of the unions. It is necessary. Flexible working contracts. Necessary. Priv...
suhasinisakhare.com
Catherine Bennett writes in the Guardian on October 31 that women should stop whingeing about the austerity cuts imposed by the UK's Coalition Government. We are all in this together, and it is pointless to hold one party more sacred than the other. She's wrong. Here's why. The UK Government has cited hard times, and initiated spending cuts. These cuts are wholly unnecessary, particularly in the...
goodbyetv.com
I am the Auditor and this is my weekly rant. OK I admit it. It was my fault. I told them to do it. I was just trying to hold on to my job. It's true I didn't give you or anyone else a single thought. I just put on my rolex and started to make the necessary cuts. Snip Snip. Downsizing - I told them to do it. It seemed necessary at the time. Get rid of the unions - well they wouldn't shut TFC - it...
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