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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%.
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FT.com / Asia-Pacific - Bangladesh caps microfinance rates at 27% - 1 views

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    With no rural banks - a welcome cap of 27% has been put on Microfinance. Will it be enforced - is 27% still too much and will the poor remain in a circle of debt trap?
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Unemployment in Europe: get the figures for every country | News | guardian.co.uk - 0 views

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    European Unemployment
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BBC News - Cars bring more exports than jobs - 1 views

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    A jobless success story?
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BBC News - What can the UK do to kick start the recovery? - 1 views

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    Good summary of the problems facing the UK economy
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BBC News - UK trade gap falls to the smallest since 2003 - 0 views

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    Trade gap narrows
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UK incomes fall 3.5% in real terms, ONS reveals | Money | guardian.co.uk - 0 views

  • The median salary for a full-time worker in the UK rose 1.4% in 2011 to £26,244, against a headline CPI inflation rate of 5% or higher
  • Progress in closing the gender pay gap has also slowed, with women in full-time employment earning on average £5,409 less than men – the gap narrowed by £179 in 2010 compared with £558 in 2009.
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    Real wages are falling by 3.5% a year
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Why some economists fear Osborne's upper cuts will leave Britain out for the count | Bu... - 0 views

  • It is this gloomy backdrop which exercises the minds of the third and final group of experts, the bears. For them, the risk is both of a double-dip recession and a long, painful work out from the excesses of the past. Looking at the four main components of demand they would say that consumption is going to be weak so investment will disappoint. Government spending is going to be slashed, leaving a massive burden on exports at a time of slower growth and currency wars. The bears are currently the smallest group. Their numbers are likely to be swelled as winter progresses.
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World job crisis is a threat to democracy, says IMF head | Business | The Observer - 0 views

  • Dominique Strauss-Kahn, the IMF's managing director, warned that "we face the risk of a lost generation", adding: "When you lose your job, your health is likely to be worse. When you lose your job, the education of your children is likely to be worse. When you lose your job, social stability is likely to be worse – which threatens democracy and even peace. So we shouldn't fool ourselves. We are not out of the woods yet. And for the man in the street, a recovery without jobs doesn't mean much."
    • Duncan Innes
       
      USA is losing patience with China
  • Tim Geithner, Obama's treasury secretary, said: "The United States believes that global rebalancing is not progressing as well as needed to avoid threats to the global economic recovery.
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  • "Our initial achievements are at risk of being undermined by the limited extent of progress toward more domestic demand-led growth in countries running external surpluses and by the extent of foreign exchange intervention as countries with undervalued currencies lean against appreciation."
  • "In the G20 framework there are too many people and too many interests to be able to find a currency arrangement," Juncker said. "The ideal forum would be G7 plus China."
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America's economy: Not by monetary policy alone | The Economist - 0 views

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    How to boost the US economy
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Bernanke could be repeating Greenspan's gaffes | Business | The Guardian - 0 views

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    Three big questions arise from the decision by the Federal Reserve tonight to pump an extra $600bn (£372bn) into the US economy through the policy known as quantitative easing. Why is America's central bank taking this action? What are the likely consequences? How will the rest of the world respond?
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Quantitative easing explained | Business | The Guardian - 0 views

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    Quantitative easing explained Quantitative easing: what is it and does it work?
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US Federal Reserve launches new round of quantitative easing | Business | The Guardian - 0 views

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    America's central bank announced that it would pump an additional $600bn (£372bn) into the ailing US economy over the next eight months in an attempt to accelerate growth and cut unemployment
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Inflation fears send shares sliding - Business News, Business - The Independent - 0 views

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    Reasons behind October 2010 Inflation rise.
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Poverty is about more than income, but money also matters | Society | The Guardian - 0 views

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    Explaining different areas which affect poverty
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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.
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Economist.com | Diigo - 0 views

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    What would happen if either Ireland or Germany left the Euro Zone
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