Let’s find out who is responsible for the gross mismanagement of the economy, whereby taxpayers’ money goes into paying bonuses for discredited bankers.Then we shall string them up for alltosee justice.
Question:Why does the Established media suck????
A ridiculous situation regarding work motivation. Whereby the rich are enticed by a ripe carrot bonus reward and the poor are threatened with the big stick of unemployment! Now who thought that one up? Now who thought that one up?
Why your debts are bigger than you think, and growing. Has the recession spurred you to tackle your debts: pay down the mortgage; clear your credit cards? Well congratulations. Now the bad news - your debts are growing by the day. A confidential European Commission study apparently expects UK public debt - the money we all owe as taxpayers - to explode to 180% of the annual value of the total British economy within a decade if nothing is done to tackle it.The UK Treasury, on the other hand, expects the debt to peak at around 80% of GDP. (It was £801bn at the end of July 2010 - more than 50% of GDP - compared with £627bn a year earlier). These figures are shocking but unsurprising. Japan, which suffered a familiar-sounding consumer boom followed by banking collapse in 1989, has seen its public debt climb ever higher. Its borrowing now represents 170% of GDP. 'Income tax rise from 20% to 40%?'While millions of Britons overhaul their household budgets, the nation's books remain unbalanced. To tackle it analysts say anything from £25bn to £100bn a year is needed, which would be the equivalent of raising basic-rate income tax from 20% to 40%.And as for individuals, the more a country borrows, the higher its risk of defaulting. Eventually that can make it more expensive to borrow and the debt begins to spiral.So higher taxes will follow, but it won't be enough. The answer will be for politicians to become hooked on stimulus measures. The drugs of quantitative easing and higher public spending shall keep flowing, creating inflation that will effectively help the debt shrink. But it's the wrong solution. It will inflate yet more speculative bubbles and wreak appalling damage on the finances of pensioners and others whose fixed incomes will effectively shrink.For more on our economic future, just keep watching Japan: we appear to be following their history of the past 20 years on fast forward.
Premiership clubs pay staff poverty wages as players earn millions...London's Premier Leaguefootballclubs are paying their backroom staff poverty wages, as little as £200 a week. In contrast to the millions being earned by star players, Chelsea, Spurs, Arsenal, West Ham and Fulham are all paying barely a minimum wage of £5.25 an hour to cleaners, kitchen porters, cashiers and bar staff. Chelsea made Frank Lampard the league's highest ever paid player with a £39.2 million contract. The deal puts him on £151,000 a week, equivalent to £3,775 an hour. But while Chelsea pays its players more than £150 million a year, some of its staff are paid the basic minimum wage. The Barclays Premier League is the most lucrative in the world; combined revenues of its 20 clubs stood at about £1.9 billion last season and they spent £600 million on players. Furthermore revenues are set to rise dramatically on ticket price increases and the new broadcasting-rights.