Best of the Finance Blogs: The long term impact of unemployment

30th March 2012

One Step Closer to a Cashless Future

"In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices – which make money on electronic transactions – have stopped handling cash altogether." Freakonomics

Brics summit: missed opportunity

Despite making the right noises about global economic imbalances and reform at the IMF, the Brics nations missed an opportunity to back a common candidate for the World Bank presidency from the developing world, writes StefanWagstyl. Beyond Brics

The long bust

Ryan Avent is inclined to believe that the damage brought about by the euro zone debt crisis rather than a tightening of fiscal policy, is to blame for Britain's sluggish growth compared to America. Free Exchange

Brevan Howard's Three Uncertainties And One Certainty To Worry About In The US

Brevan Howard sees geopolitical tensions in the Middle East, the European debt crisis and the unemployment rate as three uncertainties facing the US economy. However, "One certainty in our view is that the US faces an enormous fiscal drag in 2013." Zero Hedge

The long term impact of unemployment

"People who lose jobs, even if they eventually find new ones, suffer lasting damage to their earnings potential, their health and the prospects of their children."  Calculated Risk

 

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