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Politics and Economies

Column

It's easy to write off the Democrats as divided also-rans even as they are trying to make the most difficult decision of their party's history. The debate they don't want to have is this: who are we going to try to put in the White House, a woman or a Jew?

Trump, in the meantime, sits in the simple position that he's an intellectual minnow compared to the others, that he has no relevant experience, that his hairdresser is better than Sanders' but worse than Clinton's - and he speaks to the base concerns of REDnecks, WHITE Christians and BLUE collar Americans. His very irrelevance is carrying him through.

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Mr Hiroshi Nakaso, Deputy Governor of the Bank of Japan spoke at the Japan Society in New York, New York City on the 12 February 2016. He says that his primary goal is to overcome deflation and that this can be done by increasing the both the demand and the supply side of the economy, in particular by encouraging more women into the workforce. It works in Sweden, he says. He also wants all fit and healthy elderly people to work.

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Criticism of Margaret Thatcher is often based on flawed reasoning - and false statements that have been too-often repeated. Nigel Morris-Cotterill, Head, The Anti Money Laundering Network, ultimate owner of ChiefOfficers.Net presents a balanced viewpoint. Actually, he says, she created a business-friendly environment. How can that be a bad thing?

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The USA lumps all kinds of insolvency proceedings under the single heading of "bankruptcy" and so its headline figures are misleading. But behind the headline figure - that there was a near-30% increase in 2009 as against 2008 - there are some trends that indicate a deep malaise in the US economy - and signs that there's still a long way to go before bad debt has returned to actuarially acceptable levels.

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Five foreign subsidiaries of Thermon Manufacturing Company, a San Marcos, Texas-based firm, have agreed to pay a total of USD176,000 in combined civil penalties.

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Two days ago, the British government told TATA that it would not underwrite loan guarantees without conditions (story). TATA didn't like that - and said the UK Government was putting jobs at risk. Today, TATA owned CORUS, the rump of what was British Steel, says it is mothballing its Teesside plant at a cost of 2,000 jobs.

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William C Thompson, Jr. says that he expects far more job losses than originally forecast.

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Washington manufacturer Danaher announces 1700 job cuts over the next year

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As HSBC's management rolls around the world conducting its staff and efficiency review, an additional 500 jobs have been earmarked to be cut from the UK workforce of more than 58,000.

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As the financial crisis hits the top end of spending Aston Martin, which had previously announced an extension of its Christmas shutdown has now said it will have to cut 600 jobs from its manufacturing plant.

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Global banks are in global crisis and Credit Suisse says that it is to cut 650 jobs, mainly in its flagship investment banking division.

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Barclays' Bank announced 3,000 job losses in October - but it is now thought to be preparing for more.

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Around 25,000 jobs at Woolworths retail arm and 5,000 at the entertainment division are under threat as the 800-store retail giant collapses as the UK economy founders.

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MFI, which suffers badly in every UK housing slump, has called in the administrators, putting 1,200 jobs at risk.

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Spain, Belgium and Sweden will be the primary places that the pharmaceuticals giant will cut most of the 1400 jobs it has announced it will remove - but over a period of up to 2013.

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