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When economists are wrong we all suffer. And we now know the debt obsession is wholly misplaced
It was argued by Reinhart- Rogoff that high debt essentially meant that the state captured all resources, used them inefficiently, prevented the private sector using them and so curtailed growth at cost to everyone. There’s just one problem.
South Koreans remain calm despite international concern
I have just returned from South Korea, a country that it's easy to forget has been at war with its northern neighbour since 1953. While much has been written on North Korea and the international response, little has been written on the views of those in the eye of the storm: people living in South Korea. These were the views that I was most interested in.
The fan takeover of Portsmouth FC should be welcomed by supporters of all clubs
The implicit assumption that the first thing that the owners of any club should be doing is going all out for a return to the top – much less the owners of a Club upon whom was visited more tragedy than most clubs would suffer in a lifetime, let alone a few years – is misguided at best. That way lies madness.
Rebel Tory MEPs decisive in failure of vote to reform EU Emission Trading Scheme
A European Parliament vote on the future of the beleaguered Emission Trading Scheme (ETS), with implications for international climate change policy, failed to deliver a vital reform today when a majority of Conservative MEPs voted against the government.
How true blue Thatcherism helped paint society pink
Much has been asked about Margaret Thatcher’s contribution to feminism during the past week. But what of lesbian and gay equality? Two moments last week made me wonder.
For local government to be meaningful, it needs to have the power to make a difference over things that people care about
Labour’s announcement that it would give councils more control over “use classes” is extremely welcome. In England, any “development” requires planning permission, unless it is “permitted development”. However, under current legislation, many changes in the use of a building count as “permitted development”, and many more (specifically, changes within a certain “use class”) do not count as development at all.