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Google News: Understanding Unemployment, Keynesian vs. Marxist Explanations
[The Market Oracle] - Marx described this tendency of capitalism to constantly create high levels of unemployment (or low levels of wages) as an essential condition for profitable production in the following words: “The greater the social wealth, the functioning capital
Google News: retail discounts ease pace of inflation
[Financial Times] - With prices rising at roughly twice the pace of wages, household budgets have been under pressure and consumer spending has been weak. But economists think CPI inflation will fall sharply from next month as the effects of the increase in value added
Google News: Busy time for the Queen of Christmas
[The Star] - “I am a Jack of all trades – my job includes growing the trees, pruning the trees, taking care of wages – all sorts.” When the trees are cut – one of Young Tom's jobs – Emma brings them into the shop and spruces them up for sale.
Google News: The humbling of a tsar
[Financial Times] - Although the Kremlin threw money at social programmes, which raised the government's approval rating that year, real incomes have since remained largely flat as inflation, while slowing, ran ahead of wages. Mr …n's credibility has meanwhile been
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