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Showing blog posts tagged with European Union

Global Gloom and Doom

Global Gloom and Doom

The Organization for Economic Cooperation and Development (OECD) issued its economic outlook for the modern, democratic, industrialized economies at its annual meeting of member nation ministers. It was mostly gloom. The European members of the OECD are mired in a deep economic slump. In 2012, the European members had a drop in Gross Domestic Product (the combined value of goods and services produced) of 0.5% and is projected to have that same poor performance in 2013. Behind those numbers, however, are the lives of real people. When an economy shrinks, it means there are fewer jobs and that means growing stress on the day-to-day lives of people. Just as in the United States, the loss of job opportunities is being felt most keenly by young workers.

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The Cost of European Austerity Measures: 10 Million Newly Jobless

U.S. lawmakers and policymakers who are pushing extreme austerity measures and spending cuts over job-creating investments as the magic path to economic stability should take a long hard look at what’s happened to the nations of the European Union (EU) that have imposed strict fiscal austerity policies.  Unemployment has soared, according to a new report on the EU labor market from the International Labor Organization ( ILO ).

There are more than 10 million more jobless people in Europe now than at the start of the crisis. There are now more than 26 million Europeans without jobs, with young and low-skilled workers being the hardest hit.

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What Would a Free Trade Agreement with the EU Look Like?

Photo courtesy of nationsonline.org

In his 2013  State of the Union Address (SOTU) , President Obama announced that the U.S. would soon begin talks on a ā€œTrans-Atlantic Trade and Investment Partnershipā€ā€”in other words, the U.S. will begin negotiating a ā€œfree trade agreementā€ (FTA) with the European Union (EU).

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EU Parliament Votes Overwhelmingly in Favor of a Financial Transactions Tax

As policymakers in the United States wrangle over how to avert the austerity bomb, the European Parliament voted overwhelmingly in favor of the financial transactions tax (FTT). The European FTT is expected to raise as much as  €37 billion each year  ($48 billion in U.S. dollars).

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Jobs Crisis Spreads to Young Workers Worldwide

Young workers in the euro zone have been among the hardest hit by the global economic crisis, and now even those in regions like East Asia, where economies have remained strong through the recession, are struggling to get jobs, a new International Labor Organization ( ILO report  shows (click chart to enlarge).

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Financial Experts Urge Global Leaders to Adopt Financial Transaction Tax

A group of 50 financial professionals—investors, traders, academics and banking executives—urged G-20 and European leaders to back small financial transaction taxes (FTTs) on financial industry speculation.    

In a letter to world leaders, the group notes that FTTs ā€œhave a proven track recordā€ and would help rebalance financial markets away from ā€œa short-term trading mentality that has contributed to instability in our financial markets.ā€ It also says FTTs have the potential to raise significant revenue.

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Here’s How to Make Wall Street Pay for Wrecking the Economy

Three years into the nation’s brutal recession, America’s workers continue to suffer from massive joblessness, skyrocketing foreclosures and weak buying power. But Wall Street—with corporations sitting on $2 trillion in cash—hasn’t paid for its role in causing the near-collapse of the U.S. economy.

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End
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Timing points:

CheckpointElapsedRel. ElapsedMemoryRel. Memory
Script start 0.0000 sec0.0254 sec 1,284.6172 KB1,198.9531 KB
Module start 'content' 0.0254 sec0.8440 sec 2,483.5703 KB6,151.7578 KB
Module end 'content' 0.8695 sec3.4183 sec 8,635.3281 KB15,143.8594 KB
End 4.2878 sec  23,779.1875 KB 
Total runtime:4.2932 sec
Peak memory usage:25,551.5313 KB

Time accumulators:

 Accumulator Elapsed Percent Count Average
ini_load
Load cache0.0077 sec0.1796%340.0002 sec
Find INI Files0.0002 sec0.0055%60.0000 sec
Mysql Total
Mysqli_queries3.5048 sec81.5079%11900.0029 sec
Looping result0.0309 sec0.7177%11730.0000 sec
TS translator
TS init0.0030 sec0.0693%40.0007 sec
TS cache load0.0019 sec0.0447%40.0005 sec
TS context load0.0016 sec0.0370%40.0004 sec
Template Total4.2196 sec 98.1% 3 1.4065 sec
Template load0.0056 sec0.1294%30.0019 sec
Template processing4.2139 sec98.0007%31.4046 sec
Template load and register function0.0001 sec0.0033%10.0001 sec
states
state_id_array0.2574 sec5.9856%830.0031 sec
state_identifier_array0.2769 sec6.4392%910.0030 sec
override
Cache load0.0068 sec0.1585%1360.0001 sec
class_abstraction
Instantiating content class attribute0.0040 sec0.0938%450.0001 sec
Sytem overhead
Fetch class attribute can translate value0.0018 sec0.0424%200.0001 sec
Fetch class attribute name0.0400 sec0.9293%360.0011 sec
XML
Image XML parsing0.0136 sec0.3164%200.0007 sec
General
String conversion0.0000 sec0.0004%30.0000 sec
dbfile0.0053 sec0.1236%980.0001 sec
Total script time:4.2999 sec