Complex Plan

Not quite the inference we all wanted, a second wave of recession is potentially looming because the problems that caused the first wave have not been rectified. I believe that this has been caused by inequality of income, yet again and an over-reliance on credit markets to make up the surplus, or credit as welfare. It is odd, however, that a state like Germany, where they save a massive proportion of their income compared to the British that there should be problems. Professor Schiller's appraisal of this outcome was widely distributed, and hopefully many have drawn in debts and sacrificed holidays to bring commitments down. The good news however, is that the government may start to tax banks who continue to reward overpaid bully-boys that dominate the city, forcing them to spend their money in a more equitable fashion. The question is, however, that is if there are more banking issues in Britain, what sort of rescue package can they fathom to bring us back to stability? And why wasn't more done in the first place? The attempts to 'de-politicise' economics have seemingly resulted in meaningless and offensive state bail-outs of monetary instruments so complex that only a few of us understand!

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6095203/German-state-to-lend-directly-as-second-credit-crunch-looms.html

Zooropa

An A Level in the study of U2. Just what I need to get me interested in study again. A monkey could do it? Quite insulting, isnt't it when you think of all the effort that goes in, and that horrible feeling three days before the exams. Easier? I'd say that A Levels are stressful simply because the exams come all in a two-three day period usually, which is challenging enough for most university entrants. A Level graduates certainly have something to be proud of when they score A grades, of that there is no doubt.
The post-war swarm of graduates who made babies and pushed for academic success have made us into a nation of highly educated obsessives. You can re-sit many modules now, giving candidates time to correct mistakes. To make it more challenging, maybe students should do three in a year. And then another three the following year. There is no doubt the system is more flexible, and easier to succeed. But we want a job at the end of all this, do we not? We have been allowed to draw out our childhood dependency for a long time by surviving on grants/loans. And we are better educated, which is good. But the answer to all this lies in the labour market itself, and finding suitable employment.