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ILO warns world entering third phase of crisis
The International Labour Organisation (ILO) is warning today that the world economy is slipping into a dangerous third phase of the global economic crisis, where austerity leads to further job losses and lower growth. In its Global Emloyment Trends 2012: preventing a deeper jobs crisis the ILO calls for stimulus measures based mostly on tax rises, to boost employment without raising public actor debt (the TUC shares the view of many economists that, with interest rates at historic lows, further borrowing which stimulates growth is still possible across most of the developed world and in emerging economies.)
The ILOs report is worth reading, because it paints a stark picture of a globa economy beginning to fall off a cliff. Things are already bad enough, it says, with global youth unemployment at 12.7%, three times the adult rate, 50% of women workers in vulnerable employment and 600 million new jobs needed over the next decade to meet growing populations.
But it predicts worse to come.
Social San Francisco
I started a blog called Appsaloosa. I believe that the right app can change your life. In the future, I’ll post the app-related content over there. While I spent almost all of my recent time in San Francisco at the Hard Assets Conference, I did some research on a couple of apps that I use almost every day. Through a series of fortunate accidents, I became an angel investor in them…
Twitter is growing at around 14.4 million users a month (Jeff Bullas estimate) and they could all use a little help. If you’re wondering how Twylah might change your life or why anyone would want to use Buffer for tweets or Facebook posts, I’m happy to explain.
I had a Twitter brand page before Coca-Cola did. My brand is me (such as it is).
This is my Twylah page
My tweets are separated into topical buckets. Some buck
Happy holidays—and a quick note about New Year’s resolutions!
In such a bustling time of year, I wanted to take a moment to wish you and your families a happy, healthy holiday season. It’s been a terrific year, and I look forward to helping you with your finances in the coming year—always a good time to rethink priorities and begin better habits. Speaking of which…
If one of your New Year’s resolutions is to save money, here’s a fun fact: A University of Toronto study just out shows that if you stick to one goal, as opposed to many, you’ll increase your likelihood to save and you’ll increase the amount you save. So, instead of saving for that new car, a vacation, and an iPad… you might want to pick just one.
Here’s to a year of joy, good health, peace… and saving!
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Austerity is not the answer, say Belgian unions
On Friday, Belgian trade unions staged a national demonstration in Brussels against austerity. FGTB General Secretary Anne Demelenne explains [original in French] why they were protesting.
On 2 December all three Belgian national trade union centres - the FGTB, the CSC and the CGSLB organised a national demonstration. Why? Because the draft budget bill for 2012 has just been finalised by the negotiators of the future government (Belgium hasnt had one for over a year now) and it contains austerity measures we cannot support.
These austerity measures concern early retirement, unemployment benefits, healthcare and public services as well as working conditions for the young. Benefits for the long-term unemployed will be cut, people will have to contribute for longer before they can retire, young people will have to work longer before their employment is protected and so on.
Neither workers nor benefit recepients have been consulted. T
Montreal Investment Conference – The Main Hall During a Break
I love the 360 app. Using it is like painting. If you see someone looking like a dork and turning in a circle while looking at their phone, they are probably making one of these.
Hello from Chicago!
What a month! Went to D.C. for a Council meeting last week, and now I’m in Chicago. This trip’s also for the President’s Advisory Council on Financial Capability, but this time around the Council’s Youth Subcommittee will conduct a “listening session” on teaching financial capability in the Chicago Public Schools.
Our goal is to hear what’s working in financial education in Chicago, and see if there are any initiatives we can scale nationwide to help all young Americans leave school financially prepared.
To that end, this morning I’ll moderate a roundtable discussion with several inspiring panelists, including Chicago City Treasurer Stephanie Neely, and others from organizations that advance financial literacy and access.
So many questions to discuss: What are the greatest challenges of teaching financial lessons? Wh