24 Jan '12, 10am

Cap bonuses, not benefits | Andrew Simms

Cap bonuses, not benefits | Andrew Simms

So, not only have financial services triggered a recession leading to rising unemployment and families dependent on benefits, they’ve also driven up the cost of the housing in which the unemployed find themselves. If the poor are now forced to move to areas of the cheapest housing it will amount to a form of economic apartheid and ghettoisation. It’s worth remembering, as the Bureau of Investigative Journalism revealed, that finance as a sector is by far the largest funder to the Conservative Party. Ian Duncan Smith effectively admitted on BBC Radio 4 that the Coalition government that he was speaking on behalf of, had not modelled the likely effects of the benefits cap proposal, but merely ‘believed’ it would not worsen homelessness. The danger is that the full social costs of the cap could, in a broader sense, cost far more than it is claimed it will save.

Full article: http://www.neweconomics.org/blog/2012/01/24/caps-bonuses-...

Tweets

The amazing health benefits of turmeric

mnn.com 27 Jan '12, 9pm

2006 University of Arizona study that examined the effect of turmeric on rats with injected rheumatoid arthritis. Accordin...

Video Stories Demonstrate Energy Efficiency’s Economic Benefits: Filed under: Energy News

Video Stories Demonstrate Energy Efficiency’s E...

cleantechnica.com 23 Jan '12, 11am

Climate Solutions, a Northwest-based nonprofit focused on creating a clean energy economy, has created several videos of c...

ST Forum: Commuters shouldn't forget the benefi...

straitstimes.com 25 Jan '12, 1am

MR KENDRIK Hong questioned whether 'increasing fares is an acceptable method to decrease demand' ('Implications of equatin...

Andrew Wood to speak three times at 2012 PGA Me...

worldgolf.com 23 Jan '12, 4pm

Legendary Marketing (LM), the world's leader in golf, resort and destination marketing announces its president and CEO, An...