Nuno Mendes, a 40-year-old Portuguese worker lives on six-month contracts. He earns 1,200 euros a month. Banks won’t give him a mortgage. “Everything in my life is on hold — starting a family, making long-term plans,” he says.
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Deregulation
Bill Mitchell: Renationalisation – when self-promoted genius becomes plain lame
Privatisation has been one of the greatest wealth re-distributions in history – to the benefit of the wealthy. Now that most Europeans have understood this, the same perpetrators are coming up with people friendly privatisation. […]
Climate Crisis
npr: Despite climate change promises, governments plan to ramp up fossil fuel production
Despite lofty commitments by governments to reduce greenhouse gas emissions, they are still planning to extract huge amounts of energy from fossil fuels in the coming years, according to a new report from the United […]
Economics
Positive Money: UK consumer credit approaches 2008 peak
We have been here before. To keep the economy too much money has been leant to those who cannot repay their debts. It does not take much imagination to guess what follows. Read here
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