Author Archives: chrisdrakeuk

“Everything was possible”

Saturday, August 17, 2013 – 22:26 I sit, for the 12th hour now, alone and struggling for what to do. For the first time since I got on a plane for Egypt on January 29, 2011, I am at a loss. Worse … Continue reading

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UK’s poorest 20% pay proportionately more tax than the richest 20%

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UK Trade Union membership vs Income of UK’s top 1%

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Labor’s Falling Share, Everywhere

When I was getting my feet wet in economics back in the late 1970s and early 1980s, it was conventional wisdom that the share of national income going to labor fluctuated a bit from year to year, but didn’t display … Continue reading

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“The UK Is Putting Young People Into Indentured Servitude”

Albert Edwards, the famously bearish strategist at Societe Generale, has a new note that goes to town on U.K. chancellor George Osborne, who, as part of his budget plan unveiled in March, proposed that the U.K. get more involved in … Continue reading

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Employers forced to repay workers for refusing minimum wage

More than 26,000 workers for some of UK’s largest companies paid back £4m following action by HM Revenue and Customs Tens of thousands of workers who were denied the minimum wage have received hundreds of pounds in back pay from … Continue reading

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Woolwich attack: of course British foreign policy had a role

While nothing can justify the killing of a British soldier, the link to Britain’s vicious occupations abroad cannot be ignored I am a former soldier. I completed one tour of duty in Afghanistan, refused on legal and moral grounds to … Continue reading

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Poor nations ‘deprived of billions as half of investment is chanelled through tax havens’

Report says one single transaction could have provided every Indian primary school child with a subsidised meal for a year if it been taxed fully Some of the world’s poorest countries are missing out on billions each year due to … Continue reading

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Europe and the US should heed Latin America on drugs – Guardian editorial

It’s time to engage with Latin America and pursue alternatives to the present policy You wouldn’t know it from listening to UK officials but a game-changing debate is taking place in the Americas about the war on drugs. There is a … Continue reading

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Young and poor hit hardest as UK cuts widen inequality, says OECD

Senior analyst says coalition has chosen policies likely to ‘fall on the back of the poor population groups’ The OECD has warned that Britain faces rising levels of inequality by pursuing austerity polices that are widening the gulf between rich and poor. In a … Continue reading

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