Few statistics are more debated than unemployment numbers. The former head of the Bureau of Labor Statistics (BLS), the agency publishing unemployment numbers, estimates the figures are probably 3% too low. The unemployment numbers are based on people actively looking for work. The first figure shows the percentage of labor force participation. Each horizontal line on this chart represents 2 million people. Since the official start of the 2008 recession, 6 million fewer people are labor participants. Four million fewer participate since the recession officially ended in mid-2009.
The ability of the oil and gas sector to absorb tough government controls on their greenhouse gas emissions depends on Canada getting a better price for its oil, Environment Minister Peter Kent says.
The extra revenue would allow companies to invest heavily in leading-edge technology that would curtail pollution, he said in an interview from London.
Students from Slough and Eton School have won a national enterprise competition, run by HRH The Prince of Wales’ Mosaic mentoring charitable initiative, with an idea for a mobile phone app that keeps parents informed about their child’s school-related business. Guest of Honour at the event in Central London was inspirational young music video entrepreneur Jamal Edwards, founder and CEO of sb.tv and The Times Young Rich List member.
True that the recent UK credit downgrade attracted a lot of attention, however as some analysts pointed out, it did not reveal anything new. We all know UK growth is flat-lining and the Government’s austerity measures are failing to translate into deficit reduction. The Eurozone faces an even greater challenge as the economic fortunes of member countries diverge.
Indeed, there are many factors which suggest that a loosening of ties with the Eurozone by British businesses is possible, if not already under way.
THERE is an inescapable sense that the euro zone is accelerating toward an uncertain and terrible end. At the Financial Times, Wolfgang Münchau writes that the euro zone has but days to save itself. At Bloomberg, Peter Boone and Simon Johnson say that the beginning of the single currency's end is upon us.
YOU can say many things about Jörg Asmussen, but he's a brave man. Yesterday evening, the state secretary at the finance ministry, who is the government’s point-man on the euro crisis, allowed himself to be publicly grilled in Berlin by an assorted panel of financial experts at Heinrich Böll Stiftung, a Green-leaning political foundation.