The Times
August 28, 2009







Gordon Brown is facing a Labour revolt over plans to cut the benefits of the poorest families by up to £15 a week, The Times can reveal.

Proposals to be implemented next April, a month before a general election, could mean some people losing a fifth of their income. The move, which has provoked anger among Labour backbenchers, was compared last night with the fiasco over the abolition of the 10p rate of income tax. At the moment 300,000 people on low incomes are allowed to keep up to £780 a year of their housing allowance if they find accommodation that costs less than the maximum benefit.

The Treasury says that the policy costs too much and that the ability to pocket any surplus should be scrapped from April 1. The change would take place three months after the rate of VAT is increased to 17.5 per cent.

Crisis, the housing charity, said that it could mean that people on £65-a-week jobseeker’s allowance losing 20 per cent of their income.


Frank Field, the former Labour welfare minister who led the revolt over the abolition of the 10p rate of income tax, said that he would try to stop the measure being pushed through Parliament.

Karen Buck, a Labour MP who campaigns on housing, said: “We should not under any circumstances be taking money from the poorest and making them choose between reasonable housing bills and meeting day-to-day expenses. I don’t know how many that applies to. Either way, either the savings aren’t there or poor people will suffer.”

The reform was introduced to give tenants greater control over their housing arrangements by paying the rent themselves, and the option to trade quality for extra cash.

The Government believes that abolishing the policy will save £160 million, but Labour MPs point out that the removal of competition means that landlords will raise rents to the allowance maximum. Landlords have been pressing for the change because they want rent to go directly to them.

Sarah Teather, the Liberal Democrat housing spokeswoman who discovered the change, said: “£15 a week may be small change to ministers, but for families struggling to make ends meet it is incredibly important. Gordon Brown has once again abandoned the people who need the most help.”

The change was announced in the small print of the Budget. The Government said that 600,000 people received the housing allowance, which replaced the old housing benefit in April 2007, and it has estimated that 300,000 claim a surplus.

Mr Field said that it was a retrograde step that destroyed the whole purpose of the allowance. “At one stroke, they get rid of a reform aimed at getting flexibility into a fairly inflexible market by giving people incentives to shop around. The timing for this could have been decided in Conservative headquarters.”

He plans to table amendments opposing the new policy.

Leslie Morphy, of Crisis, said: “This proposal is ill considered and potentially counterproductive. It beggars belief that the Government intends to introduce this when, by its own admission, it has no idea what the impact on claimants will be. We urge the Government to reconsider.”

A spokeswoman for the Department for Work and Pensions said: “Local housing allowance is aimed at providing the people who need it most with decent accommodation. This small change will not affect our customers’ ability to pay their rent and further support is available to those on a low income to help with other expenses.”


Fluff......

Corporatocracy at its finest! I'm no great fan of the wealth divide in this country and the welfare state is the prime example of policy failure, Gordon Browns plans to reduce income support is an out cry of epic proportions of the burden of expenditure it has created bailing out the wealthy.

A society labeled the underclass will always get a hard time as the rut they are in just gets hard to get out. The increase of unemployment and the modernised terms of labor is ever growing, the wage structure is shrinking whilst tax and costs of living is increasing.

The results are the welfare state is a trap and what they don't tell you is that it needs to exist in order for the Government's to tax you some more, no questions asked.

I shall be looking into the tax on income as in America their are already movements into its legality... here's their definitions for now

Income definition "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time.

Tax definition "Taxes consist of direct tax or indirect tax, and may be paid in money or as its labour equivalent (often but not always unpaid). A tax may be defined as a "pecuniary burden laid upon individuals or property to support the government

The Constitution of the UK consists of several documents. John Bingley explains and shows them. Recorded December 7 2008 at the Marlboro Research Group. Gordon Brown has signed, without referendum, the Lisbon Treaty which is the new Constituion forced upon the UK by the EU. (Disclaimer: Views and opinions presented here are for informational and educational purposes only and may not necessarily be those of the makers of this video.) Tags: rcoones, European union, conspiracy, communism, eurosceptic, Gordon Brown, tony blair, regions, undemocratic, democracy, totalitarian, eu, uk, eussr, undemocratic, magna Carta, Brussels, constitution, police state, great Britain, secret societies, society, bilderberger, illuminati, England, corpus juris, jurus, fascism, european commission, tavistock institute, labor, new, fabian society, agenda 21, royal institute of international affairs, riia, royal society, bilderbergers, g-8, world bank, wto, bank of england, london exchange, london school of economics, british labor, 3rd way, nato, common purpose, sustainable development, united nations, international court of justice, peace palace, legal rebellion, lisbon treaty, EU consitution, Bill of Rights, statute law, commonwealth, common law, trial by jury

Overview:
Legal systems across continental Europe are largely founded on Roman Law and Germanic customary law. These have been highly influential in shaping national codes and have given rise to legal frameworks that rely less on case law and 'precedent' than the common law jurisdictions operating in Britain and the USA.


The first comprehensive legal codifications during the modern era appeared in France during the nineteenth century (Napoleonic Law), and in the newly unified state of Germany in 1900 in the form of the the German Civil Code (BGB). It is important to note that certain principles contained in the BGB are implicit elements in many other national codes today. These include the right to individual autonomy, the role of the law to redress the vulnerability of a weaker party in a commercial relationship (i.e. the employee) and the concept of 'unjustified enrichment'.

European Union Law:
The European Union (EU) has legal personality in its own right. It may enter into contracts and defend its legal interests without intervention from any of the member states.

The treaty that underpins the EU is primarily concerned with the economic relationship between states. From the outset, however, there has been a social dimension in the treaty. This was placed there by the founding fathers as a 'quid pro quo' for the wealth-generating benefits of the EU (EEC) for the corporate sector. The basic social right was the freedom of movement of labour. Every EU national is entitled to take up and pursue employment in the territory of another member state under the same conditions as the nationals of the host state (EU Treaty Art 1 and Regulation 1612/68). A host state may only exclude an individual where there is evidence that their personal conduct poses a present threat to public order. They may, however, impose conditions relating to linguistic competence where this is directly relevant to their employment (ECJ case reference C-397/87).

Since 1969 (Strauder v City of Ulm) a 'de facto' body of general human rights principles has been introduced by the European Court of Justice (ECJ) to avoid clashes with national constutional rights when making their decisions. More recently, the EU treaty has also incorporated the European Convention for the Protection of Human Rights and Fundamental Freedoms (the Convention).

Several fundamental rights have been recognised in ECJ case law - the right to a fair hearing (C-98/79), freedom of expression (C-260/89) and the right to privacy (C-118/75). However, when the ECJ has strayed from the Convention, problems have sometimes arisen. For instance, in a UK case concerning client confidentiality (C-55/790), the Court interpreted rights by reference to UK law and thereby inadvertently turned their ruling into a precedent for other member states. In several other well-publicised cases, the ECJ has also been willing to question constitutional rights when they have been opposed to basic economic freedoms contained in the EU treaty.

Direct Effect:
This is an important phenomenon that gives individuals the power to claim rights conferred directly by EU treaties, regulations, decisions and directives (after their effective date) even if their member states have failed to introduce them into domestic law (Frankovitch case) or have not implemented them correctly (Factortame case). These rights may be claimed by an individual in relation to the state and related public bodies (vertical direct effect), or in relation to another individual (horizontal direct effect) because they are also subject to the same overarching framework of EU rules. However, the ECJ has been reluctant to rule in favour of horizontal direct effect in the application of directives.

Indirect Effect:
This requires the domestic court of an EU member state to interpret all national laws in the light of directives, even if the law in question was not based on the directive (Von Colson C-14/83 and Harz C-79/83). The Von Colson principle is constrained, however, from being applied where an interpretation would 'run counter to the legitimate expectation of individuals' in a member state by distorting the words of a national statute (C-80/86). It is irrelevant whether a national statute was enacted before or after a directive came into force (Marleasing C-106/89).

The changing role of the ECJ and its growing body of case law has forced continental legal systems to break away from their tendency to codify all human activities in order to deal with every legal contingency. Complex ECJ rulings and the operation of direct/indirect effect procedures are forcing the courts and legal practitioners to operate more flexibly and think laterally about issues that confront them.

Issues and Questions:
What difference would a legal system based on Roman Law have upon day to day human resource management, compared to one based primarily on Common Law?

How might the 'direct' and 'indirect' rules affect the conduct of human resource management? How well are you aware of the potential differences that currently exist between national and EU legal requirements?

Why do the labour law systems of EU member states appear to differ so significantly, despite the increasing pressures towards harmonisation from the European Union over the last four decades?

Article 85 (1) of the EU treaty prohibits 'all agreements between undertakings, decisions by associations of undertakings and concerted practices which may affect trade between member states, and which have as their object or effect the prevention, restriction or distortion of competition within the common market'. How might EU competition rules apply to European trade union negotiating guidelines, or transnational collective agreements?



as quoted from the Federation of European Employers

http://www.fedee.com

From Times Online
August 27, 2009

in brief:























Business investment slumped by a record annual rate of 18.4 per cent in the second quarter, raising fears that the economic contraction between April and June could have been bigger than initial forecasts.

The amount spent by businesses on a range of investments, from new computers to building works, fell to £29.8 billion in the second quarter of the year, down 10.4 per cent from the first quarter and 18.4 per cent lower than the same period last year, official figures show. This is the biggest quarterly drop since 1985,

The annual decline is the largest since official records began in 1967.

"The massive 10.4 per cent quarterly fall in investment in the second quarter was stunning, much weaker than had been expected and consistent with further retrenchment in the domestic economy," Colin Ellis, European economist

The worse than expected data has led some analysts to speculate whether revised GDP figures, out tomorrow, could show sharper decline than current estimate of a 0.8%.

“Unless there is an upward surprise elsewhere in the breakdown that offsets the diabolical business investment component, we could be looking at a downward revision to -1 per cent or lower,” Alan Clarke, economist at BNP Paribas

There are also fears that the dire investment data could also hamper the country's recovery from recession as it becomes clear that company spending cannot be relied on to boost the economy.

“Manufacturing investment has been a casualty of the global recession as both cashflow and confidence have been hit hard," Lee Hopley, head of economic policy at the Engineering Employers’ Federation. “Such a rapid and significant pullback in investment in modern machinery and equipment presents risks for a durable recovery, especially as investment intentions can be slow to recover following a downturn.”

Full article: http://business.timesonline.co.uk/tol/business/economics/article6812176.ece

Fluff.....

But we exited the recession in June?? surely the April-June figures are statistically different!! Why would the media and TV economists lie? surely their not on the pay roll of the propaganda elite!!

oh well I shall invite the past to tell me all about corruption and lies!
I shall be doing a section on that as well.

From Times Online
August 27, 2009

in Brief:


The United Kingdoms population increased to a record 61.4 million last year - fuelled by a baby boom, in the 12 months to the middle of last year by 408,000 the biggest increase since 1972.


A record 1.3 million over-85s representing two percent of the overall UK population, Statistics show.






On net migration, the difference between those leaving and those arriving in the country fell to 118,000 in the 12 months. The figure was 44% lower than in the previous year the lowest since May 04 when eight former Soviet block states joined the European Union.
the expansion of the EU heralded the biggest wave of migration in the country’s history but today’s figure shows that the numbers from Eastern Europe are falling and many are leaving. Emigration from the eight states more than doubled to 66,000 in the 12 months to the end of December as the economic recession took a grip.

Karen Dunnell, national statistician, said a lot of work was underway to measure the impact of the economic downturn. “Unemployment and the economic situation is probably having an impact.”

Further evidence of a fall in East Europeans seeking work in the country by registering under a Home Office scheme had fallen by 42 per cent to 116,000.
There has also been a 6% fall in the number of National Insurance numbers, a requirement for work by all non-UK nationals.

The country’s population has risen by more than two million in the last eight years and last year for the first time in a decade, natural change - the difference between birth and death - overtook net migration as the main driver of population growth.

The increase in the number of births is linked to a rise in fertility rates which last year were 1.96, the highest since 1973 and because of an increase in the number of women of child-bearing age arising from the high levels of immigration over the last decade.

The Government is having enormous difficulty removing failed applicants from the UK. by a 22 per cent fall to 2,500 in the number of failed asylum applicants.

Full article: http://www.timesonline.co.uk/tol/news/uk/article6811980.ece


Fluff...........

Where are they actually going with this is concerning, the highlighting of birth rates an linking it in immigration is wrong. Again I link the similarities to the NHS pensioner 'Cruel and neglectful' story that their is under tones of population control....

I'll put some up more on this..

The Telegraph
12:01AM BST 27 Aug 2009

in brief:

















'Cruel and neglectful' care of one million NHS patients exposed
One million NHS patients have been the victims of appalling care in hospitals across Britain,
In the last six years, the Patients Association claims hundreds of thousands have suffered from poor standards of nursing, often with 'neglectful, demeaning, painful and sometimes downright cruel' treatment.
The charity has disclosed a horrifying catalogue of elderly people left in pain, in soiled bed clothes, denied adequate food and drink, and suffering from repeatedly cancelled operations, missed diagnoses and dismissive staff.

Claire Rayner, President of the Patients Association and a former nurse, said:“For far too long now, the Patients Association has been receiving calls on our helpline from people wanting to talk about the dreadful, neglectful, demeaning, painful and sometimes downright cruel treatment their elderly relatives had experienced at the hands of NHS nurses.
“I am sickened by what has happened to some part of my profession of which I was so proud.

"These bad, cruel nurses may be - probably are - a tiny proportion of the nursing work force, but even if they are only one or two percent of the whole they should be identified and struck off the Register.”

Ms Rayner said it was by "sad coincidence" that she trained as a nurse with one of the patients who had "suffered so much".
"I know that she, like me, was horrified by the appalling care she had before she died.
"We both came from a generation of nurses who were trained at the bedside and in whom the core values of nursing were deeply inculcated."

Katherine Murphy, Director of the Patients Association, said “Whilst Mid Staffordshire may have been an anomaly in terms of scale the PA knew the kinds of appalling treatment given there could be found across the NHS. This report removes any doubt and makes this clear to all. Two of the accounts come from Stafford, and they sadly fail to stand out from the others.

"If this was extrapolated to the whole of the NHS from 2002 to 2008 it would equate to over one million patients. Very often these are the most vulnerable elderly and terminally ill patients. It’s a sad indictment of the care they receive.”

The Patients Association said one hospital had threatened it with legal action if it chose to publish the material.

Pamela Goddard, a piano teacher from Bletchingley, in Surrey, was 82 and suffering with cancer but was left in her own excrement and her condition deteriorated due to her bed sores.

Florence Weston, from Sedgley in the West Midlands, died aged 85 and had to remain without food or water for several days as her hip operation was repeated cancelled.

The charity released the dossier to highlight the poor care which a minority of patients in the NHS are subjected to. "These are patients, not numbers. These are people, not statistics."

Dr Peter Carter, Chief Executive of the Royal College of Nursing, said he was concerned that public confidence in the NHS could be undermined by the examples cited and it would affect morale in hardworking staff. “The level of care described by these families is completely unacceptable, and we will not condone nurses who behave in ways that are contrary to the principles and ethics of the profession.
"However we believe that the vast majority of nurses are decent, highly skilled individuals.

Chris Beasley, Chief Nursing Officer at the Department of Health said the care in the cases highlighted by the PA was “simply unacceptable”. She added: "It is important to note this is not representative of the picture across the NHS.

"The NHS treats millions of people every day and the vast majority of patients experience good quality, safe and effective care - the Care Quality Commission's recent patient experience survey shows that 93 percent of patients rate their overall care as good or excellent.

Full Article:

http://www.telegraph.co.uk/health/healthnews/6092658/Cruel-and-neglectful-care-of-one-million-NHS-patients-exposed.html



Fluff......

The thing is any ill treatment in the health service is usually swept under the carpet and we have gotten used to it.... now thats sick,
I've always been aware the problems have not changed in elderly care for decades. and more worrying is the trend of the modern reformed NHS is the fact its worse than previous health service standards......

intrestingly I've just been made aware and looking into the NHS network and a charity called Common Purpose that is not only linked to the NHS netwoks but most public service sector through Lord Mandleson and has disturbing links to unlawful acts... I'll keep you posted. "below is interest read - get to know them for now"..

http://www.cpexposed.com/documents/CP_NHS_The_Improvement_Network.pdf

The economy could spiral into hyperinflation not seen since the early 1980s if the Federal Reserve does not tighten its monetary policy soon, Sen. Chuck Grassley (R-Iowa) warned Tuesday.
Grassley, speaking about the renomination of Federal Reserve Chairman Ben Bernanke to a second term as head of the Fed, asserted that Bernanke's ability to hold down inflation would be the metric by which the Fed's success would be measured.

"We won't know for a year if he's done a good job so far, because he shoveled money out of an airplane to save banks and the financial system," Grassley said in a conference call with Iowa reporters. "But shoveling money out of an airplane to solve problems can be inflationary — in this case, hyperinflationary — if he doesn't start mopping up some of the money that's out there."

Grassley, the ranking member of the Senate Finance Committee, said that inflation as a result from government spending on bailouts could result in inflation rivaling rates in 1980, when it hit a peak of 13.5 percent.

"The Fed has the ability to put money out, it's got the ability to take money back in, and if they don't do that, we will have hyperinflation worse than we had in 1980 and '81," Grassley said. "And I hope he demonstrates that ability."

Grassley argued that while it would be a year until lawmakers will know whether Bernanke has been successful at bringing inflation under control, it would probably be best to keep the chairman on board for a second term as head of the Federal Reserve.

"I would suggest that right now, when everybody's nervous about the economy, that you don't change horses in the middle of the stream, and consequently, it would probably be detrimental to not have him reappointed," he said.



Fluff ......

Well it's their for all to see with all the huge amount of steroids amassed in Obama's Frankenstein that is not supported by real growth in the output of goods and services ...........OH Bring the hangover for all this Fed frivolity!!!!

Oops its the Hyperinflation monster and when it has finished devouring the currency (toilet Paper)value we have to kiss Cousin-it-ain't-their and the widespread shortages in consumer goods.


The world you once knew just got very hard indeed..... rations anyone!!




NOTE to the pic - A man sweeping up the banknotes from the street after the Hungarian pengo was replaced in 1946: this hyperinflation was purposely started by trained Russian Marxists in order to destroy the Hungarian middle and upper classes. The 1946 currency reform changed the currency to forint. Previously, between 1922 and 1924 inflation in Hungary reached 98%.

Martial Law Plans Revealed? - Funny videos are here


Fluff......

The freedom of information doesn't just apply to the civilian population.... the Congress have to make important decisions on bills that effect the hole US nation..
Could you vote in honesty on this bill "HR8791" the homeland terrorism security preparation.

If it wasn't deadly serious you would find it hilarious....... and IT GOT PASSED!!

The Corbett Report
August 26, 2009


In an interview released today by Digg and the Wall Street Journal, Treasury Secretary Timothy Geithner was pressured about the growing popular movement to Audit the Fed spearheaded by Texas Congressman Ron Paul. A visibly uncomfortable Geithner attempts to dismiss the question by stating “I’m sure people understand that you want to keep politics out of monetary policy.” When Geithner is again pressed on the issue, he makes the stunning assertion that conducting an audit of the Federal Reserve—something never before done in its 96 year history—is a “line that we don’t want to cross,” proclaiming that such a move would be “problematic for the country.”

David Rockefeller Speaks About Population Control. - Watch the best video clips here

One crime solved for every 1,000 CCTV cameras, senior officer claims
Just one crime is solved a year by every 1,000 CCTV cameras in Britain's largest force area, it was claimed today.


The Telegraph: 1:59PM BST 24 Aug 2009


There are more than a million CCTV cameras in London Photo: PA A senior Scotland Yard officer, Detective Chief Inspector Mick Neville, warned police must do more to head off a crisis in public confidence over the use of surveillance cameras.

DCI Neville said officers need to improve their results to make captured images count against criminals.

He said there are more than a million CCTV cameras in London and the Government has spent £500 million on the crime-fighting equipment.

But he admitted just 1,000 crimes were solved in 2008 using CCTV images as officers fail to make the most of potentially vital evidence.

Writing in an internal report, Mr Neville said people are filmed many times every day and have high expectations when they become victims of crime.

But he suggested the reality is often disappointing as in some cases officers fail to bring criminals to justice even after they are caught on camera and identified.

DCI Neville said CCTV played a role in capturing just eight out of 269 suspected robbers across London in one month.

Critics of Britain's so-called ''surveillance state'' will seize on DCI Neville's comments as further evidence CCTV is not working in the fight against crime.

The Government is considering whether every camera should be registered on centrally-held CCTV maps.

Earlier this year a Home Office report found camera schemes have a ''modest impact'' on reducing crime.

Researchers found cameras were most effective in preventing vehicle thefts and vandalism in car parks.

Some local authorities have been forced to make freedom of information requests to police forces to try and work out if CCTV cameras are effective.

The Metropolitan Police is piloting a scheme, known as Operation Javelin, to improve the use of images from existing cameras.

Staff in 11 boroughs have formed dedicated Visual Images Identification and Detection Offices (VIIDO).

They collect and label images before passing them to a central circulation unit that distributes them to officers, forces and the media.

Some 5,260 images have been viewed so far this year with identification made in more than 1,000 cases.

DCI Neville said the scheme should be expanded to force-wide as officers make the investigation of CCTV evidence as professional as fingerprints and DNA.

David Davis, the former shadow home secretary said it is ''entirely unsurprising'' that the report highlights some shortcomings of CCTV.

''It should provoke a major and long overdue rethink on where the Home Office crime prevention budget is being spent," he said.

''CCTV leads to massive expense and minimum effectiveness. It creates a huge intrusion on privacy, yet provides little or no improvement in security.

''The Metropolitan Police has been extraordinarily slow to act to deal with the ineffectiveness of CCTV, something true both in London and across the country.''

Detective Superintendent Michael McNally, who commissioned the report, said improvements in the use of CCTV can be made.

He told Sky News: ''There are some concerns, and that's why we have a number of projects that are on-going at the moment.

''CCTV, we recognise, is a really important part of investigation and prevention of crime, so how we retrieve that from the individual CCTV pods is really quite important.''

A Metropolitan Police spokesman said: ''The Metropolitan Police is currently the only police service to employ this method of CCTV tracking.''

A CRASH COMPARISON Chart

LONDON (Reuters) Wed Aug 26, 2009 12:37am BST....... in full



- Lloyds (LLOY.L) may have to write off as much as 500 million pounds on loans it made to pubs group Admiral Taverns, the Financial Times reported on Wednesday.
Citing accounts filed, the FT said, the debt-laden pubs group was in talks with its lenders over a possible debt-for-equity swap after it breached banking covenants.

"Discussions have taken place between the interested parties regarding the preferred options of a debt-for-equity swap by the principal banker or the introduction of significant additional equity by new equity investors," the FT said.

The paper added that the terms of the deal were still being negotiated, but a debt-for-equity swap looked the most likely option, with Lloyds possible agreeing to write off as much as 500 million pounds of debt.

Lloyds and Admiral Taverns were not immediately available for comment.



Fluff View........

We can see the high levels of DEBT are creeping back into the news and along with the US, Lloyds can also send a drink to the bear party!!

President Obama reappoints Bernanke to Fed as house prices rise










Press: in Brief From The Times August 26, 2009


House prices in the United States, a key factor in dragging the world into recession, recorded its first quarter-on-quarter increase since the market started to fall three years ago.

The news helped to push shares higher, even after markets had already been boosted by President Obama’s reappointment of Ben Bernanke for a second term as Chairman of the US Federal Reserve.

-----
David Blitzer, chairman of the index committee, said: “For the second month in a row, we’re seeing some positive signs.” He said that there were “more than green shoots” in the housing market, but added a warning that a rise in interest rates could easily snuff out the upturn.

Consumer confidence is also rising. the much-watched Conference Board index, Nevertheless, the index was still well below the 61 points that it hit before Lehman Brothers’ collapse last September, emphasising the continuing worries about jobs and housing felt in many American households.

Mr Obama interrupted his holiday to surprise markets by announcing the reappointment of Mr Bernanke — whose original term is not due to expire until January 31 — to end uncertainty about the direction of the Fed.

The central banker, whose reappointment must be approved by the Senate,The President said that Mr Bernanke’s “temperament, his courage and his creativity” had helped to avert a second Great Depression.

Laurence Kantor, head of research at Barclays Capital, said that Mr Bernanke had done an “outstanding job” of restoring stability to the US economy.

The challenges awaiting Mr Bernanke in his second four-year term were underlined yesterday when the White House added $2 trillion to its long-term budget deficit predictions, based on worsening unemployment and sluggish economic growth.

Peter Orszag, director of the Office of Management said that the deficit between 2010 and 2019 would be $9 trillion, rather than the $7 trillion estimated in May, blaming the need for higher spending on unemployment benefits and food stamps. The Obama Administration expects unemployment to hit 10 per cent next year.

full article: http://business.timesonline.co.uk/tol/business/markets/united_states/article6809895.ece

Fluffs view.........

Now the day the 2009 FDIC report release (not public now till tomorrow) the swanky Bernanke gets his second term and the happy back slapping suck arse bullshit cant come thick enough the talk of Stability when everyone knows its pumped with an inflationary time-bomb

As for Obi-wan is now showing the growing detachment of wealth and it is frightening, but how much more the fancy talk and hypnosis can the common man take?

well I guess they can chew the courageous and creative trillions of taxable fresh aired loans has to be payed back so here comes hyperinflation by bucket load..

man these guys are full of it......

d

Socioeconomics or socio-economics is the study of the relationship between economic activity and social life. The field is often considered multidisciplinary, using theories and methods from sociology, economics, history, psychology, and many others. It has emerged as a separate field of study in the late twentieth century. In many cases, however, socioeconomists focus on the social impact of some sort of economic change. Such changes might include a closing factory, market manipulation, the signing of international trade treaties, new natural gas regulation, etc. Such social effects can be wide-ranging in size, anywhere from local effects on a small community to changes to an entire society.

Examples of causes of socioeconomic impacts include new technologies such as cars or mobile phones, changes in laws, changes in the physical environment (such as increasing crowding within cities), and ecological changes (such as prolonged drought or declining fish stocks).These may affect patterns of consumption, the forced distribution of incomes and wealth, the way in which people behave (both in terms of purchase decisions and the way in which they choose to spend their time), and the overall quality of life. Many say socio-economics is a source and a branch of elementary physics, nevertheless these can further have indirect effects on social attitudes and norms.

The goal of socioeconomic study is generally to bring about socioeconomic development, usually in terms of improvements in metrics such as GDP, life expectancy, literacy, levels of employment, etc.

Although harder to measure, changes in less-tangible factors are also considered, such as personal dignity, freedom of association, personal safety and freedom from fear of physical harm, and the extent of participation in civil society.

The Great Depression was a worldwide economic downturn starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries.It was the largest and most severe economic depression in the 20th century, and is used in the 21st century as an example of how far the world's economy can decline.

The Great Depression originated in the United States; historians most often use a starting date of when the stock market crashed of October 29, 1929, known as "Black Tuesday".

The depression had devastating effects in virtually every country, rich and poor. International trade plunged by half to two-thirds, as did personal income, tax revenue, prices and profits. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60 percent.Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as farming, mining and logging suffered the most.

However, even shortly after the Wall Street Crash of 1929, optimism persisted; John D. Rockefeller said that "These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again."

The Great Depression ended at different times in different countries; for subsequent history see Home front during World War II. America's Great Depression ended in 1941 with America's entry into World War II. The majority of countries set up relief programs, and most underwent some sort of political upheaval, pushing them to the left or right. In some states, the desperate citizens turned toward nationalist demagogues—the most infamous being Adolf Hitler—setting the stage for World War II in 1939.

The Great Depression was triggered by a sudden, total collapse in the stock market. The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30 percent below the peak of September 1929.[11] Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the summer of 1930.

In early 1930, credit was ample and available at low rates, but people were reluctant to add new debt by borrowing.[citation needed] By May 1930, auto sales had declined to below the levels of 1928. Prices in general began to decline, but wages held steady in 1930, then began to drop in 1931. Conditions were worse in farming areas, where commodity prices plunged, and in mining and logging areas, where unemployment was high and there were few other jobs. The decline in the US economy was the factor that pulled down most other countries at first, then internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot-Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade. By late in 1930, a steady decline set in which reached bottom by March 1933.