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Duncan Innes

UK National Debt | Economics Blog - 0 views

  • Interest Payments. The cost of paying interest on the government’s debt is very high. In 2008 Debt interest payments will be £31 billion a year (est 2.5% of GDP). In 2009, they will be £35 billion (similar to defence budget). Public sector debt interest payments could be be the 4th highest department after social security, health and education. Debt interest payments are rising close to £70bn given rise in national debt.
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    All you need to know about our national debt - please read problems of national debt bit
Duncan Innes

Countries -- National Geographic - 0 views

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    National countries data
Duncan Innes

Britain: a nation in decay | Ha-Joon Chang | Comment is free | The Guardian - 0 views

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    Is Britain a nation in decay?
Matty Leppard

BBC News - Emerging nations more upbeat on 2011 than G7: survey - 0 views

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    Article talking about how people from the east and developing nations are expecting a good year of prosperity.
Duncan Innes

UK National Debt Clock - No-nonsense Guide to Britain's Debt Crisis - 1 views

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    The debt bombshell - a continuous counter
Thomas Minney

Poverty Is Poison - New York Times - 0 views

  • many children growing up in very poor families with low social status experience unhealthy levels of stress hormones, which impair their neural development
  • That’s not surprising. Growing up in poverty puts you at a disadvantage at every step. I’d bracket those new studies on brain development in early childhood with a study from the National Center for Education Statistics, which tracked a group of students who were in eighth grade in 1988. The study found, roughly speaking, that in modern America parental status trumps ability: students who did very well on a standardized test but came from low-status families were slightly less likely to get through college than students who tested poorly but had well-off parents.None of this is inevitable. Poverty rates are much lower in most European countries than i
  • came into office in 1997 made reducing poverty a priority — and despite some setbacks, its program of income subsidies and other aid has achieved a great deal. Child poverty, in particular, has been cut in half by the measure that corresponds most closely to the U.S. definition. At the moment it’s hard to imagine anything comparable happening in this country. To their credit — and to the credit of John Edwards, who goaded them
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  • dest in scope and far from central to their campaigns.I’m not blaming them for that; if a progressive wins this election, it will be by promising to ease the anxiety of the middle class rather than aiding the poor. And for a variety of reasons, health care, not poverty, should be the first priority of a Democratic administration.
  • he nation turns back to the task it abandoned — that of ending the poverty that still poisons so many American lives.
  • the alleged abuses of welfare queens driving Cadillacs, and the fight against poverty was largely abandoned.In 2006, 17.4 percent of children in America lived below the poverty line, substantially more than in 1969. And even this measure probably unders
  • as always been a form of exile, of being cut off from the larger society. But the distance between the poor and the rest of us is much greater than it was 40 years ago, because most American incomes have risen in real terms while the official poverty line has not. To be poor in America today, even more than in the past, is to be an outcast in your own country. And that, the neuroscientists tell us, is what poisons a child’s brain.
  • failure to make progress in reducing poverty, especially among children, should provoke a lot of soul-searching. Unfortunately, what it often seems to
  • Some of these excuses take the form of assertions that America’s poor really aren’t all that poor — a claim that always has me wondering whether those making it watched an
  • eativity in making excuses.
  • an city. Mainly, however, excuses for poverty involve the assertion that the United States is a land of opportunity, a place where people can start out poor, work hard and become rich.But the fact of the matter is that Horatio Al
  • dren growing up in very poor families with low social status experience unhealthy levels
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    The effect of poverty on children and families, and it's multiple and long term consequences.
Duncan Innes

FT.com / Comment / Analysis - Africa: Treasure amid turmoil - 1 views

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    A great case study on how corruption and lack of governance has ruined the infrastructure and economy of Africa's most naturally rich nation.
Duncan Innes

BBC News - If we can have a single benefit, why not a single tax? - 0 views

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    An article looking at simplifying the tax system by combining income tax and NI. Contains a graph for marginal tax rates 2010/2011
Stuart Gould

BBC News - UK CPI inflation rate rises to 4.5% in August - 0 views

  • The rate of Consumer Prices Index (CPI) inflation rose to 4.5%, from 4.4% in July, according to figures from the Office for National Statistics (ONS). The Retail Prices Index (RPI) measure increased to 5.2% from 5%.
Ludo Goodliffe

BBC News - UK retail sales growth turns negative in August - 1 views

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    Retail sales contracted in the UK in August, with sales volumes down 0.2% in the month, latest official figures show. It means the volume of sales for the month was no higher than it was a year ago, according to the Office for National Statistics (ONS).
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    Banter filled article
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