Economics

2024-12-28

Revealed: 1.5m children in England studying in unfit school buildings: Years of insufficient budgets mean that buildings used for services like education, health and justice in the UK are literally crumbling.

2024-12-25

£100m spent in England on failed efforts to block children’s Send support: Only 1.2% of council’s decisions to refuse to provide special educational funding for children are supported by courts when appealed.

2024-12-25: Councils spend over £100 million trying to avoid providing special educational needs support

2024-12-24

Welcome to Britain’s Victorian Christmas, where volunteers in Santa hats fulfil the basic functions of the state: A decent country would not rely on the whims of charitable donations to meet the basic human needs of its population.

2024-12-24: Charity is a cold grey loveless thing. If a rich man wants to help the poor, he should pay his taxes …

2024-12-19

Starmer urged to change donation rules amid talk of Musk bankrolling Reform: Yep, it’s probably not a great idea to allow foreign billionaires to make huge donations to UK political parties by having their companies do it.

2024-12-18

Vatican ‘on the brink of Bankruptcy’ due to dramatic decline in global donations under Pope Francis' Leadership: Even the Pope isn’t immune to worldly financial crises.

Retrospective, financial: ‘We long for the security that money brings, but to get it we must sacrifice what’s worth securing: our health, our relationships, our creativity.’

2024-12-17

This is My Most Expensive Habit: Anxiety.

2024-12-15

AI’s Walking Dog: ‘AI itself has much to offer, but it has not lived up to its potential to serve the public good, and the context of AI’s development explains why’

2024-12-14: You have to be in the richest 10% of households by income to find the average house price in England affordable

2024-12-08

One million elderly people skipping meals as costs bite: Neither eating or heating is affordable for some.

2024-11-19

More than one in three children in poverty as UK deprivation hits record high: Along with a quarter of adults.

2024-11-17

To turn Britain around, we need a proper understanding of life for poorer workers: Plagued by ill health and the cost of living crisis.

2024-11-15: Trump's victory added $27 billion dollars to the wealth of the 10 richest people in the world

2024-11-11: Trump’s election promises weren’t only meaningless because they were almost certainly …

2024-11-10

What happened to Bhutan’s ‘kingdom of happiness’?: Sadly even the country that pioneered measuring Gross National Happiness has its own problems.

2024-11-05: Some publications aren't afraid to endorse Harris, and do better for it

2024-11-01

Reeves’s £40bn tax rises will boost growth ‘sustainably’, says IMF: The IMF supports Labour’s new budget, which means it’s probably nowhere near radical enough for my tastes.

2024-10-31

Budget 2024: key points at a glance: Bullet-point summary of this government’s first budget; at first sight feels to me like the right direction

2024-10-24

Pluralistic: The housing crisis considered as an income crisis: ‘The American rich are the Spiders Georg of house prices.’

2024-10-23

Ed Newton-Rex, who organised the recent anti AI ingesting everyone’s work for free statement that artists of all sorts of fame levels are signing makes a good point.

There are three key resources that generative AI companies need to build AI models: people, compute, and data. They spend vast sums on the first two - sometimes a million dollars per engineer, and up to a billion dollars per model. But they expect to take the third - training data - for free.

Big tech AI companies aren’t stingy with their money for everything. That’s one reason why they’re so unprofitable. It’s just that magic third ingredient that often attracts the $0 compensation rate.

New commission may ban English water companies from making a profit: Good: water is both a life essential and a natural monopoly, normal rules of capitalism cannot apply.

2024-10-21

All What Is Delicious to Man: Today’s implausible vision of superabundance is a lot grimmer than the one that they were promised in the 1830s.

2024-10-20

The Subprime AI Crisis: Ed Zitron worries about what happens when the unprofitability of the current generative AI business becomes unsustainable.