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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
Information about Secured Credit Cards for Businesses
If you have a new company or if you have bad personal credit are planning to get a business credit card, one of your best options would be to get a secured credit card. Secured business credit cards are different from unsecured business credit cards in that they require collateral to serve as a form of assurance for the credit card issuer that they would be paid. Read on to find out more about what are secured business credit cards and how you can apply for one.
Applying for a secured credit card offers plenty of advantages. One would be that it can help a new business establish credit. Establishing credit through the proper use and management of a secured business credit card is important, since you would want to build a good reputation in the eyes of lenders so that in case you need to take out a business loan in the future, lenders would be able to see that you have a good credit history. Read full post…
Obama Signs Debt Bill Into Law, Signals Tax Reform
THE SIX-MONTH-long crisis over US debt ended yesterday when President Barack Obama signed into law a Bill raising the debt ceiling by $900 billion, just hours before the US would have defaulted on its $14.3 trillion debt.
There was little enthusiasm for the deal among US congressmen. The Senate nonetheless passed the Bill by a vote of 74 to 26 shortly after noon yesterday. The House of Representatives had endorsed it by 269 to 161 votes on Monday evening.
“Although you may not see it this way, you’ve actually won this debate,” Senator Mitch McConnell, the leading Republican in the upper chamber, told Tea Party conservatives. Alluding to unprecedented legal linkage between government borrowing and spending cuts, Mr McConnell said there was henceforward “a new way of doing business in Washington”.
Speaking for Democrats, Senate majority leader Harry Reid said most Americans “think the arrangement we’ve just done is unfair, because the richest of the rich have contributed nothing”. The Tea Party’s
Web links for 28th October 2011
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Commission on Living StandardsAnd whilst were at it, the Resolution Foundations new commission has a website that deserves a big audience. Clever use of interactive charts very clearly presents the hugely unequal growth in living standards seen in the UK since the 70s, and lets you see where your own household fits in the picture.
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Painful separationWorkers are gaining less of the proceeds from economic growth right across the OECD, claims the Resolution Foundations latest report. Painful Separation examines the relationship between economic growth and wages for middle earners over the last 30 years.