James Moore: What the world is trying to tell us
Saturday 18 December 2010
Outlook: Warnings for Britain everywhere you look. The downgrading of Ireland's credit rating yesterday was based on Moody's view that their austerity cuts will so stymie growth that the economy may not produce enough tax revenue to finance debt repayments. Meanwhile, in the US, the latest employment data shows the "jobless recovery" continuing.
The read-across from Ireland for our own efforts to bring down the deficit so quickly is obvious. And the failure of the US private sector to produce much in the way of jobs growth rather resonates with the unemployment figures unveiled in Britain this week.
- 1 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 2 Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
- 3 Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Rochester aftermath: Sacking of Emily Thornberry will make work of Labour MPs '10 times harder'
Revealed: How the world gets rich – from privatising British public services
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