Recently a paper was presented at the Economic Development Forum on a new approach to macroeconomic management known as the Real Incomes Approach. It pointed out the problems facing conventional macroeconomic policies and provided a new model that links macroeconomic objectives to microeconomic imperatives.
It avoids the policy-imposed outcomes of the creation of losers, winners and those in a non policy impact state and it sustains policy traction.
Forum participants consider this to be by far the most promosing proposal to appear in the current period to obtain growth while avoiding inflation. The Real Incomes Approach was developed by the British Economist, Hector McNeill.
There are 2 links in the Clickarama section providing access to the main paper at The Economic Development Forum and the other to the dedicated Real Incomes Approach site.
You can download the recently published PDF version of this paper by clicking on the symbol on the left.
The Economic Development Forum is the Standing Conference of the Development Intelligence Organization (DIO). The DIO has the objective of identifying practical solutions to urgent economic problems in developed, trasition and developing countries.How constitutional principles saved a nation
The story of how Iceland came through the financial crisis is inspiring. This tiny nation did not bow down to the demands along the lines of the Troika's treatment of Cyprus, Greece and others. The country's president, Ólafur Ragnar Grímsson (see right), insisted on a democractic route to the solution. His common sense, ethics and bravery proved to be the salvation of the nation.
See the link in the Clickarama section with the title of this section that provides access to the story at European OptionsOur response to the Leveson Report
Agence Presse Européene supports the general conclusions of the Leveson Report. Please find our response in a pdf report: "The protection of constituents under a regime of freedom of expresssion
" Please click on the pdf image to download.The evolving constitutional crisis
The bad practices of the media and banking sectors have been exposed by the recent hacking investigations in the United Kingdom as well as by the demonstration of a global economic-financial crisis. Lack of regard to people's preferences is resulting in the abuse of the public by turning valid expectations into disappointments. The ease with which banks and media have been able to trample over public expectations and the weak response of political parties highlights a fundamental constitutional crisis. Much of the solution is related on how to rid society of the constant meddling by political parties in people's freedoms through their willingness to serve faction interests and well-funded lobbies.
In the case of banks, there is no need to await "legislation" to regulate the banks; all previous arrangements ended up as extra-constitutional solutions where the banks oversee their own affairs. This has been the result of an "anti-regulatory agenda" run by the banks.
This is supported by political parties who do not wish to offend those who fund the parties. Rather than wait for inept political decisions in this area many are switching to Building Societies and Mutual organizations where they benefit from better terms for financial dealings because customers are the shareholders.
The same "anti-regulatory agenda" will become evident with the Leveson enquiry report this week where a softly-softly anti-regulatory agenda on the part of political parties is gathering steam; political parties do not want to alienate the press because all British political parties are now tiny factional organizations (total party membership represents less than 0.5% of the British electorate). They need the media to sustain the propaganda and spin that maintains the mirage of political party significance which helps them continue to dominate the electoral and Parliamentary processes.
Europe - the emerging judicial crisis
The European Constitution was re-concocted as an "amending treaty" but according to Real News the basic institutional structure of the European Union has become seriously flawed with or without a constitutional treaty. This is because the European Union faces a crisis arising from the lack of impartiality of European judges.
This situation remains well-hidden crisis since the accession of ten recent Member States formerly under totalitarian one party rule; it got worse with the accession of Bulgaria and Romania where being members of the European Union has not altered some very bad habits. Bulgaria and Romania have not been as proficient as the other countries in hiding this serious threat to the individual freedom of the people of Europe.
According to the article, "Why there can be no European Constitution" the corruption of the judiciary affects all European Union high courts and is worst in the European Court of Human Rights and as a result the European Union
is not able to provide any protection of individuals against arbitrary decisions from any European Court.
APE Jazz Club
The European Court of Human Rights was also criticised in the article,"The Human Rights Court - not fit for purpose" in the same online medium.
If you are campaigning for something that contributes to the safeguarding of freedom so that we may be free from corrupt representation, factional impositions & unjust settlements ... please contact us to see if we can assist by disseminating relevant and truthful information about constraints on freedom.