The Financialist: ‘The great wage grab that’s holding back our economy’

11th September 2012

Quote of the day

Philip Brown & Hugh Lauder: "The stark reality is that while the global labour market may contribute to the narrowing of some aspects of global inequality, it has contributed to widening inequalities within Britain and most other western economies." (Eurozine)

Chart of the day

unemployment

Unemployment: would you rather have Cameron or Obama? (Touch Stone)

Economy

British pound nears 4-month high versus weaker dollar. (Reuters)

Is the economy "too harsh on ordinary working people" and too "generous to upper-class families?"(Guardian)

The great wage grab that is holding back our economy. (Touch Stone)

Are trade unions good for GDP growth? (Stumbling and Mumbling)

Barclays

Lessons from Barclays: tax avoidance does not pay. (Tax Research UK)

The bank's standing has dropped below that of BP during the Gulf of Mexico oil spill in 2010. (Guardian)

Eurozone

This may really be the beginning of the end of the euro zone crisis. (Motley Fool)

Erm…not so fast. The crisis is not only far from over but is about to get a whole lot more interesting! (Telegraph)

First stages of a fiscal union: Spain wants the eurozone to issue joint two-year bills. (Wall Street Journal)

Previously on The Financialist:

Construction alone can't build the recovery

Breaking down Ed Milliband's predistribution plan 

Everything you think you know about China is wrong

Leave a Reply

Your email address will not be published. Required fields are marked *