Austerity

Egypt hikes gas prices by up to 75 pct in IMF-backed austerity plan

CAIRO (Reuters) - Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75 percent, the latest move in an IMF-backed austerity programme that has left many Egyptians struggling to make ends meet.<p>The increases follow hikes to fuel, electricity and public …

Natural Gas

Egypt hikes natural gas prices by up to 75 percent

CAIRO (AP) - Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough …

Natural Gas

The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis

Oxford University Press

Rewriting Europe’s Narrative | by Shlomo Ben-Ami

MADRID – When the European Economic Community, the predecessor of the European Union, was established by the 1957 Treaty of Rome, the narrative that …

Geopolitics

Why Boneless, Skinless Chicken Breast Is Actually Genius

It gets a bad rap from food snobs. Try this recipe for poached chicken in a summery salad and see how wrong they are<p>EVEN ITS NAME highlights what it lacks. Boneless, skinless chicken breast actually benefitted from its association with austerity in the 1980s and ’90s, when low-fat was the diet …

Cooking

Government borrowing falls to 11-year low

Government borrowing has fallen to its lowest level since 2007, official figures out this morning show, adding weight to the argument that chancellor …

Economics

AISD: Thinking Outside the Schoolhouse

A committee of <b>Austin Independent School District</b> stakeholders tasked with conceiving ways to cut into the district's growing budget deficit met for …

Budget Deficit

Bankrupt Puerto Rico Buys Governor a $245,000 SUV. Anger Ensues

Even as Puerto Rico’s residents were bracing for painful austerity measures, the bankrupt commonwealth spent $245,000 on a bulletproof Chevrolet …

Puerto Rico

UPDATE 1-Zambia to share data on austerity measures with IMF -...

(Adds quote, context, background)<p>LUSAKA, July 19 (Reuters) - Zambia will share data on its planned austerity measures with the International Monetary Fund (IMF) to get the lender’s feedback on their appropriateness for macroeconomic sustainability, its minister of finance said on Thursday.<p>In …

Economics

Egypt’s powerful president is facing unusual dissent over rapidly rising prices

CAIRO — Egyptian President Abdel Fatah al-Sissi is confronting one of the toughest challenges he has faced since seizing power five years ago, as rising prices linked to economic austerity measures take a toll on his core middle-class supporters.<p>While the economy is growing and winning applause …

World News

After Janus decision, teachers say: “We’re sticking with the union!”

PITTSBURGH—Three thousand teachers and other education professionals, delegates to the American Federation of Teachers (AFT) convention here from …

Middle-class

With a spike in violent crime, the full effects of austerity are now being felt

Once upon a time there were two ladies, very popular with the public, who were some of the Conservative’s staunchest supporters: Laura Norder and her …

Opinion (UK)

1001 Iraqi Thoughts interview: Kenneth Pollack on Iraqi politics

<b>What do you think is the main reason for the improvements in security in Iraq, particularly in the capital?</b><p>Briefly, I think there are three principal …

Middle East

Puerto Rico Names Third Power Company CEO in a Week

An aerial view of the Palo Seco power plant in San Juan, Puerto Rico. (Photo by Maj. Michael Meyer)<p><b>PUERTO RICO</b>: The Puerto Rico Electric Power …

Latino News

Cyberwar

The latest news and comment on cyberwar<p>June 2018<p><b>Editorial:</b> The military has suffered from austerity and the world is a dangerous place, but that doesn’t mean the case for higher defence spending needs no interrogation<p>Published: 27 Jun 2018<p>March 2018<p>From the savagery in Salisbury to ‘dark social …

Military Spending

So Long, Business Class: WarnerMedia Staffers Brace for Cutbacks

The newest employees of AT&T are steeling themselves to a slimmed-down culture of flying coach, "no B.S." bosses and a worrisome "new world …

Shonda Rhimes

Sharp rise in pupil exclusions from English state schools

Unions point to funding cuts after permanent exclusions rise by about 1,000 from 2016 to 2017<p>The rate of pupil exclusions from state schools in England rose sharply last year, according to official figures, with teaching unions laying some of the blame for the rise on austerity and funding cuts.<p>The …

Education

Fifth Time's a Charm? Puerto Rico Power Utility Taps Another CEO

Puerto Rico’s bankrupt power utility named yet another chief executive officer, turning this time to an insider with an inexpensive salary after a …

Caribbean

163 GSH 180717

With Gentleman Jimmy T MIA this weeks Ed X presented the show with his daughter and cat (!) and lined up an hour of punk, post punk and indie rock …

Post Punk

QBengaluru: iPhone Gift to MPs Sparks Row; Poetry Fest in August

1. iPhones as Gifts to MPs Spark Row<p>At a time when Chief Minister H D Kumaraswamy has been speaking of austerity measures in the government, his …

India

Don't Let a Good Crisis Go to Waste

Destructive Cycles<p>When Hurricane Maria struck in Sept. 2017, Puerto Rico was already in the midst of a deep economic crisis. The unemployment rate …

Caribbean

Controversy Erupts As D Shivkumar ‘Gifts’ iPhones to Karnataka MPs

A controversy has erupted over expensive iPhones gifted to MPs from Karnataka by a state Congress Minister, with BJP terming it a "shame on …

Indian Politics

PS. In Theory: Rethinking Austerity

For a half-century, many Western economists have sought to prove that government spending is either destructive or futile. But while lower deficits …

Economics

How Argentina Got the Biggest Loan in the History of the IMF

<i>Paul Sliker: Michael Hudson welcome back to the Hudson report.</i> Michael Hudson: It’s good to be back. Much has happened while I was away for a few …

Economics

iPhone X and designer handbag for invitees of Karnataka CM Kumaraswamy's Cauvery issue all-party meeting? Details here

Hack:<p>The Karnataka government has allegedly sent iPhones and designer handbags to invitees of its all-party meet over the Cauvery issue<br>• Rajya Sabha MP …

India News

Agroecopolis fights for food security in Greece

<b>One of its goals is to make Community Supported Agriculture programs legal in the country.</b><p>Think of Greece and, chances are, images of mouthwatering …

Sustainability

Town hall hails Birchwood Park purchase as £211m site rakes in revenue

TOWN Hall chiefs are hailing the impact of their controversial £211 million purchase of Birchwood Park as the council almost balanced its revenue …

Cheshire

With iPhone X, Karnataka Invites Lawmakers For Cauvery Dispute Meet

Chief Minister Kumaraswamy told reporters he was "not aware" of it.<p><b>Bengaluru:</b><p>The Karnataka government's invite to a meeting on the Cauvery dispute …

India

Rajeev Chandrasekhar slams gift of iPhones

Karnataka Chief Minister H D Kumaraswamy has given iPhones and other gifts worth ₹1 lakh each to about 40 of the State’s MPs ahead of crucial talks wi

Business (India)

Egypt to offer citizenship to foreigners for $400,000 deposit

Author: Arab NewsID: 1531763157470055500Mon, 2018-07-16 16:05CAIRO: Egypt is offering citizenship to foreigners who deposit at least 7 million …

International Monetary Fund