It is good to read a piece by an economist, which puts politics back into austerity.
Read here
Economics
Bill Mitchell: US Labour Market – creating work but participation and real wages falling
In July 2022, the US labour market produced reasonable growth in employment but at the same time the participation rate fell. The fall in the official unemployment rate was all down to the declining participation […]
Climate Crisis
Fortune: Drought has sent a Rhine River chokepoint to a historic low for this time of year and threatens shipping of critical fuel supplies
Water levels at a chokepoint on the Rhine have fallen to a seasonal low, hampering shipments of diesel inland from Europe’s oil-trading hub. Europe’s busiest commercial waterway is being closely watched after dryness last summer […]
Austerity
ekathimerini-com: Greece’s population in rapid decline
Northern European nations – the New Hansa – need cheap, will trained workers. Now we know where the will come from. Read here
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