Nominal Wage

Doug Ford and the PCs predict another decade of austerity

Public goods • June 11, 2021 • Doug Allan Ontario Financial Accountability Office (FAO) reports that the nominal increases in health care funding planned by the government PC of Doug Ford between 2019-2020 and 2029-30 are well below the nominal increases of the previous nine years (2010-2011 to 2019-2020, the …

Read More »

Mendocino County District Attorney Blames Region’s Rise in Violent Crime on Black Market Cannabis Industry – Redheaded Blackbelt

Military grade tactical equipment and weapons used in the robbery and kidnapping last September. [Picture provided by the Mendocino County Sheriff’s Office] In a budget presentation to the Mendocino County Board of Supervisors on Wednesday, June 9, District Attorney David Eyster described a 10% increase in violent crime from 2019 …

Read More »

Lower growth and fewer jobs – Analysis – Eurasia Review

By Daniel Lacalle * The first thing any economist should do when reading a budget proposal is to analyze the basic macroeconomic assumptions and the results presented by the administration. When both are poor, the budget must be criticized. This is the case with the Biden budget plan. Same growth, …

Read More »

Self-help groups and financial inclusion in poverty reduction

Financial inclusion, in its narrowest connotation, is generally assumed to be a business that provides people, especially those in the previously unbanked region, with a bank account. However, this simple possession of a bank account cannot bring wonders, besides being incomplete in defining the intended meaning of financial inclusion. What …

Read More »

Price hikes should be short-lived – so let’s not resurrect inflation as a scarecrow | William Mitchell

A Ten years ago, the financial press, echoing the predictions of mainstream macroeconomists, was obsessed with whether governments would run out of money as deficits grew to tackle the global financial crisis. The harsh predictions of rising bond yields and inevitable defaults have turned out to be in vain. Now, …

Read More »

Productivity Committee Chairman Michael Brennan warns budget debt will be a “high cost” for future generations

He also warned that the renewed promotion of national self-reliance in the manufacturing sector would make Australians “poorer”. Mr Brennan said the $ 250 billion emergency budget response, including the JobKeeper wage subsidy, had shifted from an “insurance” policy during lockdowns to more recently a traditional “Keynesian” stimulus to bolster …

Read More »

Concerns arise over next phase of UK easing restrictions

Remarks / Observations – Germany, April factory orders fell unexpectedly in April. – UK housing data in Halifax continue to be boosted by the extension of the stamp duty exemption. – British Prime Minister Johnson said he was under pressure to leave certain Covid measures in place amid further evidence …

Read More »

No need to extend merger review suspension – PCC

Through Jenina P. Ibañez, Journalist MERGERS that have avoided government control, as a suspension of certain exams could be difficult to relax, said a competition oversight commissioner as he urged Congress to retain the agency’s authority to assess mergers in the Bayanihan III bill. Johannes Benjamin R. Bernabe, commissioner at …

Read More »

Biden’s backdoor to pay increases

“The ‘shortages’ we see in low-paying jobs and the wage pressures that go with them are a harbinger of success” for the president’s agenda, said Julia Coronado, founder of MacroPolicy Perspectives. This success may be short-lived. Higher wages could be one of the main factors putting pressure on the Federal …

Read More »

Fed’s Mester Calls May Jobs Report “Strong”, Sees No Sign of Inflation Pushing Wages

Cleveland Fed Chairman Loretta Mester on Friday called May’s jobs report “strong” but said she would like to see further improvements “Progress continues to be made on the labor front, which is great news, but I would like to see further progress,” Mester said in an interview on CNBC. While …

Read More »