Budget Mistakes – Indigo Dreams http://indigodreams.net/ Sat, 05 Jun 2021 03:15:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://indigodreams.net/wp-content/uploads/2021/04/default1.png Budget Mistakes – Indigo Dreams http://indigodreams.net/ 32 32 Jair Bolsonaro isn’t the only reason his country is in a ditch https://indigodreams.net/jair-bolsonaro-isnt-the-only-reason-his-country-is-in-a-ditch/ Sat, 05 Jun 2021 00:00:00 +0000 https://indigodreams.net/jair-bolsonaro-isnt-the-only-reason-his-country-is-in-a-ditch/ June 5, 2021 HOSPITALS ARE full, the favelas echo with gunfire and a record 14.7% of workers are unemployed. Incredibly, Brazil’s economy is smaller now than it was in 2011 and it will take many strong quarters like the one announced on June 1 to repair its reputation. Brazil’s death toll from covid-19 is one […]]]>


HOSPITALS ARE full, the favelas echo with gunfire and a record 14.7% of workers are unemployed. Incredibly, Brazil’s economy is smaller now than it was in 2011 and it will take many strong quarters like the one announced on June 1 to repair its reputation. Brazil’s death toll from covid-19 is one of the worst in the world. President Jair Bolsonaro jokes that vaccines could turn people into crocodiles.

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Brazil’s decline has been incredibly rapid. After the military dictatorship of 1964-85, the country obtained a new constitution that sent the army back to barracks, a new currency that ended hyperinflation and social programs that, along with a commodity boom, have started to reduce poverty and inequality. Ten years ago, the country was teeming with oil money and won the 2014 World Cup and the 2016 Olympics. It looked destined to prosper.

Brazil did not seize the opportunity. As our special report this week indicates, back-to-back governments have made three mistakes. First, they gave in to short-termism and postponed liberal economic reforms. The fault lies mainly with the Left Workers Party, in power in 2003-16. She oversaw growth of 4% per year but did not invest to increase productivity. When commodity prices fell, Brazil faced one of the worst recessions in its history. The governments of Michel Temer and Mr. Bolsonaro made some progress on reform, but stalled well short of what was necessary.

Second, in their efforts to shield themselves from the fallout from Lava Jato, a massive anti-corruption probe, politicians have resisted reforms that would curb corruption. The prosecutors and judges behind Lava Jato are partly to blame. After some turned out to have a political agenda, their investigation bogged down in Congress and the courts.

Finally, Brazil’s political system is a cornerstone. State-sized districts and 30 congressional parties make elections expensive. Even more than in other countries, politicians tend to support projects that win votes rather than long-term reform worthy of the name. Once in power, they stick to the flawed rules that got them elected. They enjoy legal privileges that make them difficult to prosecute, and a huge amount of money to help them retain power. As a result, Brazilians despise them. In 2018, only 3% said they trusted Congress “a lot”.

Disillusionment paved the way for Mr. Bolsonaro. A former army captain with a soft spot for dictatorship, he convinced voters to view his politically incorrect as a mark of authenticity. He is committed to purging corrupt politicians, cracking down on crime and boosting the economy. He failed on all three points.

After having voted for an overhaul of pensions in 2019, he abandoned the agenda of his liberal economy minister, fearing that it would cost votes. Tax and public sector reform and privatizations have stalled. Cash donations helped fight poverty at the start of the pandemic, but were reduced at the end of 2020 due to rising debt. The rate of deforestation in the Amazon has climbed by more than 40% since he took office. He took a chainsaw to the Ministry of the Environment, slashing his budget and ousting staff. Its Minister of the Environment is under investigation for timber trafficking.

On covid-19, Mr Bolsonaro has supported anti-containment rallies and quack cures. He sent planes full of hydroxychloroquine to native tribes. For six months, he ignored vaccine offers. One study found that the delay may have claimed the lives of 95,000 people.

Rather than tackling corruption, he protected his allies. In April 2020, he sacked the federal police chief, who is investigating his sons for corruption. His justice minister resigned, accusing him of obstructing justice. A few days earlier, Mr. Bolsonaro had threatened the independence of the Supreme Court. In February, its attorney general shut down the Lava Jato task force.

Brazilian democracy is more fragile than at any time since the end of the dictatorship. In March, Bolsonaro sacked the defense minister, who reportedly refused to send the army to the streets to force the reopening of businesses. If he loses his re-election in 2022, some believe he might not accept the result. He questioned electronic voting, passed decrees to “arm the public” and boasted that “only God” will dismiss him.

In fact, the Brazilian Congress could do the job without divine intervention. His conduct can likely be characterized as impeachable, including “crimes of responsibility” such as urging people to defy blockages, ignore vaccine offers and fire officials to protect his sons. Congress received 118 impeachment petitions. Tens of thousands of people gathered on May 29 to demand his deportation.

For now, he has enough support in Congress to block impeachment. In addition, the vice-president, who would take over, is a general also nostalgic for the military regime. The last time Congress impeached a president, Dilma Rousseff in 2016, for hiding the size of the budget deficit, it divided the country. Mr. Bolsonaro would present himself as a martyr. Many of his supporters are armed.

In the long run, in addition to replacing Mr Bolsonaro, Brazil must face the cynicism and desperation that made him elect, fighting chronic low growth and inequality. This will require radical reform. Yet the very resilience that has protected Brazilian institutions from the predations of a populist also makes them resistant to beneficial change.

The actions required are formidable. Above all, government must serve the public rather than itself. This means reducing the privileges of public sector workers, who consume an unsustainable share of public spending. Politicians should not spare themselves either. Office holders should have fewer legal protections. They should shake up electoral and partisan systems to bring new blood to Congress.

The next government must fight corruption without bias, limit unnecessary spending and boost competitiveness. A crackdown in the Amazon should go hand in hand with economic alternatives to deforestation. Otherwise, sooner or later new Bolsonaros will emerge.

A long journey ahead

Unless Mr Bolsonaro is impeached, Brazil’s fate will likely be decided by voters next year. Its rivals should offer solutions rather than peddle nostalgia. His successor will inherit a damaged and divided country. Unfortunately, rot goes much deeper than one man.

This article appeared in the Leaders section of the print edition under the title “Brazil’s Dark Decade”



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What to think about if you are offered early retirement https://indigodreams.net/what-to-think-about-if-you-are-offered-early-retirement/ Fri, 04 Jun 2021 07:09:58 +0000 https://indigodreams.net/what-to-think-about-if-you-are-offered-early-retirement/ Through Notice 26 months ago Share this article: ShareTweeterShareShareShareE-mailShare The negative economic impacts of Covid-19 are felt by many employers and reducing operating costs has become a key priority – the main one being reducing their payroll. Thus, one strategy consists in offering employees who are a few years away from retirement the possibility of […]]]>


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The negative economic impacts of Covid-19 are felt by many employers and reducing operating costs has become a key priority – the main one being reducing their payroll.

Thus, one strategy consists in offering employees who are a few years away from retirement the possibility of taking early retirement, possibly without the usual penalties imposed for the premature collection of their retirement funds.

If you are an employee in your mid-fifties, this can be an attractive option. You have worked hard for many years and the idea of ​​having more free time can be very appealing.

Be careful, however, not to make an ill-considered decision, as there are many things to consider before giving your notice of early retirement.

Retirement needs a plan

Most people don’t think about retirement until they’ve already entered it. Planning is of paramount importance and financial planning is at the heart of the big decision you are faced with.

Here are some questions to answer, well before you leave your workplace for good:

  • Did I save enough during my working years?
  • Is my employee pension fund the only retirement savings I have accumulated?
  • How much monthly income will my retirement savings provide after I retire?
  • Who depends on my income now?
  • Who will depend on me financially in the future?
  • Is the house I own fully paid for?
  • Am I debt free?
  • I am healthy now, but what if I get sick or develop a chronic illness or have a disability – what should I do then?
  • At work, I have a goal, focus, and tasks that fill my day. Will I have a new goal as a retiree?

We know people are living longer now than in previous generations, so chances are you will live past 80. Perhaps the most important question for people facing retirement is: will my retirement savings last as long as I do? Before making decisions that change your life or your finances, the answers to these questions will inform your decision making.

Your list of things to do before you retire early

1. Look at your household budget. This means evaluating all the expenses incurred in your home – essential costs of living such as groceries as well as luxury items such as entertainment. In every budget there are fixed costs that are unlikely to change whether you are working or not.

An example of this is that maybe you are paying tuition or college fees for your children, or you are still paying debt service. These costs can exist for many years. So a regular review of your budget is essential.

Consider that your monthly retirement fund income is likely to be less than your current monthly income. As a retiree, you may be able to save on costs such as fuel, but also consider new costs that may be incurred, such as your private medical assistance that may have been included in employee benefits before at work.

2. Think about who depends on you financially and how long you will have to support them in the future. Your spouse cannot be employed; you can still have children in school or university; you may have a disabled child; or you can have unemployed or laid off adult children that you support. These dependents should be factored into your planning.

3. Know how much retirement savings you are losing by taking early retirement. You would be surprised how much you could lose in savings, even if you retire two or three years earlier than expected.

4. Consult a financial advisor. If you don’t already have one, appoint a qualified and licensed financial advisor to help you make some of these decisions.

If you do decide to opt for early retirement, there is little room for mistakes or bad decisions about investing your money. The expertise of an advisor will go a long way in enabling you to invest and retire with confidence.

In addition, they are not emotionally attached to your money and therefore will help you make fact-based decisions, objectively considering your unique needs, your appetite for investment risk and your lifestyle.

5. Decide how you are going to spend your time. Taking a dream vacation is one option, but it can only last a while. Many retirees complain about boredom in the first six months of retirement.

They have so much time with little activity to fill it. Perhaps consider creating a new source of income using your skills, or find a hobby, or consider volunteering in your community.

There are many organizations serving the needy who could use your skills and expertise. It’s about finding a new goal and living it with confidence.

Dinash Pillay, National Director of Business Development at Glacier by Sanlam

* The opinions expressed here are not necessarily those of the IOL or the titles sites

PERSONAL FINANCES



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Coffee County BOE Approves Increase in Nurses’ Salaries and Counselor Contracts | New https://indigodreams.net/coffee-county-boe-approves-increase-in-nurses-salaries-and-counselor-contracts-new/ Thu, 03 Jun 2021 13:15:00 +0000 https://indigodreams.net/coffee-county-boe-approves-increase-in-nurses-salaries-and-counselor-contracts-new/ The other topic of discussion during the working session was Killingsworth’s request for an additional $ 4,000 per year for Sharon Stinson, Head Nurse of Coffee County Schools. He again cited increased workload as the reason for the demand. “As we all know, this last year has been very, very difficult, especially for our school […]]]>


The other topic of discussion during the working session was Killingsworth’s request for an additional $ 4,000 per year for Sharon Stinson, Head Nurse of Coffee County Schools. He again cited increased workload as the reason for the demand.

“As we all know, this last year has been very, very difficult, especially for our school nurses. Our senior nurse, Nurse Stinson, received no additional funds to have to perform all of her duties as a senior nurse, which again, much like our counselors, is beyond the scope of a simple school nurse, ”he said. .

In addition to unanimous approval of the two requests during the meeting, the board accepted an offer for roofing projects at the central office, New Brockton High School and Zion Chapel in the amount of $ 424,603. from Old South Roofing.

In his superintendent’s report, Killingsworth acknowledged the Smith family of Kinston, the Killingsworth family of Zion Chapel, the family of Stanley Walker, the recently deceased former principal of New Brockton High School, and several teachers and staff. who have health problems. He also took a moment to mark the end of the 2020-2021 school year and thank his staff for bringing it to a close.

“I’m not perfect and I know I’ve made mistakes, but as we sit here on the last day for the students, we’ve been through a very, very difficult time and have been successful without having to close our schools. . get off and come home, ”he said. “We were very close on several occasions, and without the extraordinary efforts of our staff and employees, we would not have made it. We have had a lot of people who have done a lot of things that they don’t normally do and shouldn’t have done, but they still did for the good of our students and our schools. I will be eternally grateful for these efforts. I am happy to arrive on this day.



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A little quick and furious about crawling from John Cena https://indigodreams.net/a-little-quick-and-furious-about-crawling-from-john-cena/ Wed, 02 Jun 2021 16:04:29 +0000 https://indigodreams.net/a-little-quick-and-furious-about-crawling-from-john-cena/ by Maurice TougasTroy Media Do you know John Cena? Otherwise, good for you; it is not really worth knowing. For the uninitiated, John Cena is a former professional wrestler. According to the World Wrestling Entertainment website, he is a 16-time WWE Champion, Author and “Actor” (quotes are mine). To quote the website directly: “After earning […]]]>


by Maurice Tougas
Troy Media

Do you know John Cena?

Otherwise, good for you; it is not really worth knowing.

For the uninitiated, John Cena is a former professional wrestler. According to the World Wrestling Entertainment website, he is a 16-time WWE Champion, Author and “Actor” (quotes are mine).

To quote the website directly: “After earning the respect of his peers by becoming the Olympic hero, Cena became a supernova as a fire-breathing doctor in Thuganomia, ultimately reaching the top by toppling JBL for his first ever championship. WWE at WrestleMania 21. “

If you don’t understand any of this, don’t worry. This is nonsense.

The bottom line is that Cena is an incredibly muscular wrestler / actor in the Dwayne ‘The Rock’ Johnson mode. He is also a whiny, smirking coward. Yes, I said it. Come get me, John, he said, knowing full well that John Cena would never read this.

Cena issued a creepy apology for an alleged insult last week. Now, creepy excuses are rife among celebrity classes. There isn’t a week that a celebrity doesn’t say something instantly labeled racist / sexist / homophobic / transphobic or a combination of all four, who then issues a clearly unwritten apology by her to the Twitter crowd.

Cena recently found himself in one of these situations. His crime?

He made China angry. No, not Chyna, the former WWE wrestler (who died, anyway). And not porcelain from your grandmother’s cabinet of curiosities. The real China.

Here is the story. Cena stars in a new movie called F9, the latest installment in the incredibly popular Fast and Furious movie franchise. (If you’re unfamiliar with the Fast and Furious franchise, it’s basically a bunch of good guys and bad guys who find an excuse to go around the world in fast cars. That’s basically it. )

Cena was promoting the film in Taiwan, where he made the following unforgivable statement: “Taiwan is the first country to be able to watch” the film.

Did you understand the offending term? Maybe Taiwan isn’t the first country to see the film?

No, Cena’s crime was to call Taiwan a country.

Now you and I can think of Taiwan as a country, because it is. Twenty-three million people live there. They have their own passports. It is the 22nd largest economy in the world. It sounds like good faith to claim nation status.

But China says Taiwan is part of China and that the Chinese Communist Party – the most powerful organization in the world – takes these issues very seriously. The world has tiptoed around this issue, not wanting to anger China, especially since China has reported 2,000 ballistic missiles aimed at Taiwan.

John Cena doesn’t want to anger China either. He really, really, really doesn’t want to anger China.

After his supposed mistake in calling Taiwan a nation, Cena posted an apology video. To make sure it gets to the right people, he posted it on Weibo, a Chinese social media network. And he spoke in Mandarin.

“I made a mistake,” Cena whimpered. “Now I have to say something that is very, very, very important: I love and respect China and the Chinese people.

“I am very sorry for my mistakes. Sorry. Sorry. I am really sorry. You must understand that I love and respect China and the Chinese people.

The only thing that would have made it more obsequious was if he bowed humbly.

But why would John Cena care if China doesn’t like him? Could it have something to do with $$$$$? Or maybe ¥¥¥¥¥?

China is a huge market for Hollywood products. In 2020, China became the world’s largest cinema box office. If the producers of F9 are to recoup the film’s $ 200 million budget (films have to make at least double their budget to make a profit), they’re going to need that sweet, sweet yuan.

And if that means the heroic, hyper-muscular star of the film has to crawl past the Communist rulers of the most oppressive and dangerous country on Earth, then get on your knees, John, and say you’re sorry.

Sorry sorry sorry.

-Publicity-



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Marvel’s biggest regrets in the MCU https://indigodreams.net/marvels-biggest-regrets-in-the-mcu/ Tue, 01 Jun 2021 19:27:00 +0000 https://indigodreams.net/marvels-biggest-regrets-in-the-mcu/ When it came time for Marvel to make the first live-action feature film adaptation of Doctor Strange, there were several thorny elements of the classic version of the superhero that needed to be fixed. Importantly, the story of “Doctor Strange” originally had a problematic approach to Eastern culture that included the initial incarnation of Wong […]]]>


When it came time for Marvel to make the first live-action feature film adaptation of Doctor Strange, there were several thorny elements of the classic version of the superhero that needed to be fixed. Importantly, the story of “Doctor Strange” originally had a problematic approach to Eastern culture that included the initial incarnation of Wong (played by Benedict Wong in the film) as simply being a servant. This spread to the Elder, a mentor who – if poorly executed – might have been seen as a stereotype of a shriveled Asian master.

Marvel’s decision on how to approach the character of the Ancient One was to designate decidedly Caucasian performer Tilda Swinton as the Tibetan character from Marvel Comics. According to “Doctor Strange” director Scott Derrickson, the reason they went with a white woman instead of an Asian actress was to avoid the “Dragon Lady” stereotype. However, the casting decision inspired a wave of controversy and accusations of money laundering. Making matters even more complicated, “Doctor Strange” screenwriter C. Robert Cargill also revealed that another reason for the cast was not to offend the Chinese government, which has a very busy history with Tibet.

Naturally, this only inspired further outcry. Swinton’s cast became so infamous that even MCU boss Kevin Feige said, “We thought we were so smart and forward thinking. We’re not going to do the old man’s cliché, But it was a wake-up call to say, “Well, wait a minute, is there another way to figure it out? Another way both to not fall for the cliché and to cast an Asian actor? ‘And the answer to that, of course, is yes.’



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Column by Michael Joyce: Prioritizing financial lessons for young people | Chroniclers https://indigodreams.net/column-by-michael-joyce-prioritizing-financial-lessons-for-young-people-chroniclers/ Mon, 31 May 2021 22:30:00 +0000 https://indigodreams.net/column-by-michael-joyce-prioritizing-financial-lessons-for-young-people-chroniclers/ To truly have an impact, however, financial lessons cannot be relegated to school alone. Adults need to be more active in financial education for the children in their lives. Parents, grandparents, aunts, uncles or even neighbors can help young people better prepare for their financial future. Many adults avoid talking about money with their children. […]]]>


To truly have an impact, however, financial lessons cannot be relegated to school alone. Adults need to be more active in financial education for the children in their lives. Parents, grandparents, aunts, uncles or even neighbors can help young people better prepare for their financial future.

Many adults avoid talking about money with their children. Yes, these conversations can be difficult and awkward, but exposing young people to basic financial management will give them the life skills they desperately need.

Adults would do better to start with three areas. First, help the young people open a savings or checking account at a local bank or credit union. This first story is an incredible teaching opportunity to talk about savings, interest and more. Second, create a budget together. Make the budget relevant to them by focusing on clothes, groceries, or spending money. Work together to update the budget and track expenses weekly or monthly. Third, if you don’t have a 529 savings account, open one. Use this account to save for college and to discuss the investment with the kids.

These areas are especially relevant during the summer months as many young people take on summer jobs. Adults can work with them on how to save their money and budget properly. Plus, with youth out of school for the summer, adults may take longer to discuss financial lessons. For example, teach kids to budget by taking them to the grocery store with a budget in hand. They can help make decisions about what to buy with that budget.



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Let the European Union spend – POLITICO https://indigodreams.net/let-the-european-union-spend-politico/ Mon, 31 May 2021 02:00:51 +0000 https://indigodreams.net/let-the-european-union-spend-politico/ Paul Taylor, editor-in-chief of POLITICO, writes the column “Europe At Large”. PARIS – The rules of budgetary discipline in Europe, more honored in violation than in respect, are outdated, too complicated and increasingly misguided. The EU would be better off bypassing the Stability and Growth Pact to promote public investment in the green and digital […]]]>


Paul Taylor, editor-in-chief of POLITICO, writes the column “Europe At Large”.

PARIS – The rules of budgetary discipline in Europe, more honored in violation than in respect, are outdated, too complicated and increasingly misguided.

The EU would be better off bypassing the Stability and Growth Pact to promote public investment in the green and digital economy, rather than wasting energy trying to reform a complex legal framework that has consistently produced more good intentions than compliance.

Intended to reduce debts and deficits, the pact had to be suspended at the start of the COVID-19 pandemic, to allow governments to borrow and spend heavily to support households and businesses on respiratory assistance during the crisis. A safeguard clause allowing emergency spending to remain in effect this year and next.

What happens next is pending. The Commission announced this month that fiscal rules will be back in 2023. Brussels plans to hold consultations on how to reform the system later this year before making proposals to finance ministers.

The “consultations” underestimate the difficult negotiations ahead. Influential figures such as Italian Prime Minister Mario Draghi, European Commissioner for Economic and Monetary Affairs Paulo Gentiloni and French Minister for Europe Clement Beaune have all called for a complete overhaul of the regulation to support investments that boost growth and to differentiate the objectives by country rather than by country. impose universal goals.

‘Paper tiger’

Sadly, the odds of seeing sweeping reform that learns the lessons of what worked during the pandemic – as well as what went wrong during the eurozone debt crisis – are close to zero. The guardians of fiscal orthodoxy in Northern Europe will not accept it.

Anchored in the 1992 Maastricht Treaty that gave birth to the euro, the rules require governments to keep public debt below 60% of gross domestic product and cap their budget deficit at 3% of GDP. The reasoning was as follows: since the EU has a macro-economically tiny central budget and no wealth redistribution mechanism, each member state of the single currency must maintain sound public finances, in order to avoid adverse spillover effects for its partners. .

The 1997 Stability Pact, adopted under German pressure before the launch of the euro, aimed to give these limits some bite. It provided for progressive sanctions resulting in heavy fines for countries that repeatedly miss targets. They have never been applied despite the serial violations by southern European countries and have long since lost all credibility.

The whole debate, according to economist Nicolas Veron of the Bruegel think tank and the Peterson Institute for International Economics, is “a political theater of the absurd without consequence.

“The lesson from the 22 years of the euro’s existence is that sanctions will never be activated and will not serve as a deterrent, even in extreme cases. Therefore, all fiscal rules are a paper tiger, ”he said.

Many economists say the Maastricht criteria were designed for a bygone era of rising interest rates, inflation and growth. This is no longer appropriate at a time when borrowing costs have fallen, the European Central Bank is sucking government bonds, inflation is persistently low, and growth potential has also declined. Treaty limits are simply not realistic today, with Italy’s national debt falling from 130 to 160 percent of GDP during the pandemic, France and Spain’s from less than 100 to 120, and that of Greece from 185 to 210%.

However, changing the criteria would require amending the EU treaties with the unanimous agreement of every EU government and parliament – unlikely given that advocates of EU fiscal discipline are reluctant to give up the weapon. the most important in their arsenal.

Irish Finance Minister Pascal Donohoe, who chairs the Eurogroup of Finance Ministers, has ruled out calls from experts – including former IMF chief economist Olivier Blanchard – to replace the pact with budget standards setting general objectives adapted to each country, supervised by an independent national budget. boards, rather than implemented by the Commission or EU ministers.

Austrian model

Fortunately, there are changes that could be made without changing EU law or painstakingly rewriting a treaty. For this we can thank the Austrians.

In the 1990s, Vienna found a way to bypass EU debt limits by setting up a state-owned company. Called ASFINAG, it exists to build and maintain Austrian highways – a massive project with borrowing equivalent to around 5% of GDP. At the time, Austria struggled to meet the criteria for euro membership, making any kind of spending a subject of nervous monitoring.

But the state-guaranteed borrowing in capital markets was not considered public debt, as it was fueled by dedicated revenue streams, from road tolls and an annual fee for cars. ASFINAG even pays a small annual surplus to the state. Clever.

“It was created to circumvent the pact and allow investment,” recalls Franz Nauschnigg, the economist who helped develop the project. “It is self-financing and has given us a very modern road network at a better price than if you did it through public-private partnerships.”

The German Bundesbank, tenacious of budgetary rectitude, has challenged this off-balance sheet borrowing vehicle with the EU Statistics Office. But Eurostat maintained the exemption of the Austrian model from the calculation of “public debt”. Berlin has since adopted a similar system for Construction and maintenance of German highways through a company called Autobahn GmbH.

“You could do the same to fund public investments in smart energy grids, solar parks, trans-Mediterranean power cables or high-speed broadband,” said Nauschnigg, who presented his ideas in Brussels, Paris, Berlin and Rome. “This could be done at EU level, or by creating a system of national ASFINAGs that are articulated.”

The idea of ​​putting more bracketing Public investment outside of budget constraints gained ground in the campaign for Germany’s September elections, as politicians debate whether and when to reactivate the constitutional ‘debt brake’ that severely limits borrowing public.

The Greens, neck and neck with the conservative CDU / CSU in opinion polls, have proposed a public investment fund of 500 billion euros for the transition to clean and renewable energies. The center-left Social Democrats, while advocating a rapid return to the so-called “Schwarzer Null” debt limit, also want to exempt certain categories of investments from the calculation.

All of these schemes aim to avoid repeating the mistakes of the EU’s response to the eurozone crisis, when synchronized austerity caused the collapse of public investment, triggering a double-dip recession, reducing the potential for growth and exacerbating a private sector investment gap.

What not to like?

Well, the changes are sure to spark a fight over what constitutes good debt and bad debt. Some countries, like France, have long advocated excluding defense equipment purchases from debt calculations, for example. Others argue that education spending is the most growth-friendly investment – and should be exempt.

Tax hawks, meanwhile, warn that financial markets – the ultimate arbiter of a country’s debt sustainability – will not long be fooled by creative accounting.

As conservative German MEP Markus Ferber puts it, “Debt is debt. Of course, it matters if I borrow to pay for a nice vacation or buy a car to get to work. But I caution against opening a public debate on good and bad debts. We have to look at the reality of debt sustainability. ”

The fundamental problem, Ferber said, is that countries like France and Italy haven’t cut their debt in the right times and will struggle when interest rates rise. This is a good point, and Europe will continue to need sensible rules to balance current spending and revenue. But it should not prevent the EU from circumventing obsolete debt ceilings to promote vital public investment.



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Daley seeks second chance at NSW job | The new Flinders https://indigodreams.net/daley-seeks-second-chance-at-nsw-job-the-new-flinders/ Sun, 30 May 2021 04:28:48 +0000 https://indigodreams.net/daley-seeks-second-chance-at-nsw-job-the-new-flinders/ Former NSW opposition leader Michael Daley raised his hand for a second term as Labor leader, which likely sparked a party leadership vote. Mr Daley succeeded Luke Foley as Labor leader at the end of 2018 and led the party to its defeat in the 2019 state election – making two decisive blunders in the […]]]>


Former NSW opposition leader Michael Daley raised his hand for a second term as Labor leader, which likely sparked a party leadership vote.

Mr Daley succeeded Luke Foley as Labor leader at the end of 2018 and led the party to its defeat in the 2019 state election – making two decisive blunders in the final week of the campaign – before moving on in the backbench.

However, he told reporters on Sunday he would seek to return to the Labor leadership after Jodi McKay resigned on Friday.

After watching threats against the party leadership for six days, Ms McKay fell abruptly on her sword on Friday, leaving the most vacant post.

Mr. Daley has since expressed his view that Ms. McKay was treated unfairly and should never have been “kicked” out of management. He also said Labor members must have a say in the next leader of NSW.

He said the winner of any Labor leadership ballot must help the party “bury the hatchet” over Ms McKay’s departure and focus on the 2023 poll.

“(The members) are the owners of the party, not the apparatchiks,” Mr. Daley said.

“Please help me heal our party and win the government in 2023.”

Ms McKay said on Friday that she had not been asked to resign, but clarified that she was resigning under duress and accused the others of internal “destabilization”.

Privately and publicly, the allies say she was white as the leader of the opposition.

“If a poll were to take place today, I can tell you I would win,” McKay told reporters.

The leadership ambitions of the former Ghost Transport minister and Ms McKay’s rival in the 2019 ballot, Chris Minns, are no secret.

Mr. Minns has yet to formally run for leadership, but if he does, it will spark another leadership race with Mr. Daley.

Since 2013, Labor Party rules require caucus and grassroots members to vote to elect a leader if multiple people are arguing.

This would likely leave the party in turmoil for weeks, and without a leader when the Berejiklian government hands in its budget at the end of June.

Mr Daley said he had not spoken with Labor Party headquarters about the leadership.

However, Federal Opposition Leader Anthony Albanese said on Saturday he was not bothered by the Labor Party leadership dilemma in NSW.

The relevance of Upper Hunter’s partial electoral defeat last week has been greatly overestimated, he said, and he has supported Labor in fixing its problems.

The Upper Hunter Labor Party’s first preference vote fell from 29 percent to 21 percent.

Mr Daley was elected to parliament in 2005 as an MP for Maroubra and served on the NSW front bench before the Labor Party’s electoral defeat in 2011.

In the final week of the 2019 election campaign, he was filmed accusing Asian migrants of taking local jobs and also stumbled upon key figures of workers’ education policy during a debate televised live.

He said he had ruminated on his failures for a long time and was keen to make amends.

“We all make mistakes … I paid the price for mine (and) thought about it more than you can imagine,” said Mr. Daley, a lawyer by profession.

“I have spent four months in the job and want another chance to do it right.

“I intend to heal the party if I am the leader (and) looking after, as I always have, the ordinary people of NSW who have been forgotten.”

Adam Searle, who leads the opposition in the upper house, is the interim leader.

Australian Associated Press



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Expert reveals interior design fails you should NEVER do https://indigodreams.net/expert-reveals-interior-design-fails-you-should-never-do/ Sat, 29 May 2021 11:09:00 +0000 https://indigodreams.net/expert-reveals-interior-design-fails-you-should-never-do/ AN EXPERT revealed interior decorating failures you should never do – so how many are you guilty of? Chris Carroll, 39, from Australia, has had his say in everything from flat furniture to huge TVs and wall art. 5 Interior Design Expert Chris Carroll Revealed Common Mistakes We Need To Avoid Here is his verdict […]]]>


AN EXPERT revealed interior decorating failures you should never do – so how many are you guilty of?

Chris Carroll, 39, from Australia, has had his say in everything from flat furniture to huge TVs and wall art.

5

Interior Design Expert Chris Carroll Revealed Common Mistakes We Need To Avoid

Here is his verdict on common household goods crimes, which he gave to news.com.au …

1. Flat pack failure

Ikea is inexpensive interior decorators’ best friend across Britain, but don’t be tempted to put it all in white.

Chris says, “Flat pack furniture is beautiful and all, but if every room in your house has a brilliant shine, you have more problems than Woman’s day on your hands.

“A room filled with all-white melamine furniture can appear cold, clinical, and sterile.”

Add wood and other materials to make it a warmer space.

2. On the box

Chris is not a fan of large televisions or shiny white furniture

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Chris is not a fan of large televisions or shiny white furnitureCredit: Alamy

While on lockdown, watching Netflix or Line of Duty was about as much fun as it gets, so it’s no surprise that many of us go for big TVs.

But Chris isn’t a fan, explaining, “Unless you’ve paid $ 150 for a little popcorn and a teenager shines a torch in your eyes periodically throughout a movie, I have to tell you. the bad news is that your living room is actually not a Hoyts movie theater.

“As such, stop buying TV screens that dominate the space.”

3. I have it covered

Your downstairs toilet should NOT look like a bookcase

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Your downstairs toilet should NOT look like a bookcaseCredit: Alamy

Did you think you were a good host by providing a range of reading material for people to browse while doing their business? Think again.

Chris says: “The most hideous of all time design crime is the stack of magazines next to the toilet, covered in more DNA than a CSI crime scene and giving people an excuse to stay in their midst. clean waste much longer than it should be. “

It’s time to get that reading material out of the downstairs washroom.

4. Hit a wall

Is your house covered in wall art quotes? It’s time to ditch them – especially those that read “Live Laugh Love” or the like.

Chris says, “If I have to explain this one, you are beyond any help.”

There is nothing funny in a Live Laugh Love quote, sorry

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There is nothing funny in a Live Laugh Love quote, sorryCredit: Alamy

5. Take your photo

Do you model your home on “ perfect ” show homes or Instagram tablets? Bad move.

Chris says, “You should be able to walk into any house in the country and get a feel for who lives there.

“This is achieved through the display of keepsakes and keepsakes in all rooms. This is a personal statement, so do whatever you love.”

While we are on the subject of photos, Chris says that any work is better than nothing (other than the quotes mentioned earlier).

And make sure you don’t impose “social distancing” between your executives – it just sounds weird.

6. Sofa so good

Chris says sofas should be away from the wall

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Chris says sofas should be away from the wallCredit: Alamy

The sofa and the television are both leaning against the wall? Chris isn’t a fan, saying your living room shouldn’t “look like a glove from the best 90s TV show,” Gladiators. “

He adds, “Pull the sofa out into space, make sure there’s a coffee table in front of it, and add some armchairs.”

7. Buy it

When you’re on the go at a budget furniture store, it can be tempting to find everything you like.

But Chris hates nothing more than furniture packages.

He adds: “The modern (and correct) approach is to buy furniture for a room in different stores.”

Home stylist leaves TikTok users struggling with tips for dressing the guest room corner





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Philadelphia lawmaker pushes for permanent Pennsylvania prison suspension – NBC10 Philadelphia https://indigodreams.net/philadelphia-lawmaker-pushes-for-permanent-pennsylvania-prison-suspension-nbc10-philadelphia/ Fri, 28 May 2021 22:54:47 +0000 https://indigodreams.net/philadelphia-lawmaker-pushes-for-permanent-pennsylvania-prison-suspension-nbc10-philadelphia/ NBC10 is one of dozens of news organizations to produce BROKE in Philly, a collaborative reporting project on solutions to poverty and the city’s push for economic justice. follow us on @BrokeInPhilly. The Pennsylvania Department of Prisons is indefinitely suspending a $ 5 co-payment billed to prisoners seeking medical care, but a West Philadelphia lawmaker […]]]>


NBC10 is one of dozens of news organizations to produce BROKE in Philly, a collaborative reporting project on solutions to poverty and the city’s push for economic justice. follow us on @BrokeInPhilly.

The Pennsylvania Department of Prisons is indefinitely suspending a $ 5 co-payment billed to prisoners seeking medical care, but a West Philadelphia lawmaker hopes to make the change permanent.

Department of Corrections Secretary John Wetzel announced the indefinite suspension on Wednesday, citing reports that inmates were not reporting symptoms of COVID-19 throughout the pandemic for fear of not being able to pay the fees. Now Democratic state representative Amen Brown, who worked with Wetzel and pushed him into suspension, is drafting legislation to get rid of the quota for good.

Brown said the $ 5 co-payment may not seem like a lot to people outside the prison, but it does add up, especially when you consider inmates’ low wages and other expenses. like those for hygiene products and food purchased by the prison commissioner.

“These are simple calculations. If an incarcerated person has a job while incarcerated, the hourly rate is 42 cents an hour, and they may only work four to six hours a day. So at the end of the month, if you’re operating on a budget of $ 30… $ 5 is a lot, ”Brown said.

At a House appropriations hearing in February, Wetzel said the practice of charging copays began in the 1990s to try to prevent inmates from seeking “frivolous” medical care. He added that the DOC waived the charges during the pandemic, which, according to state data, has infected more than 11,000 inmates and killed 138 of the more than 37,000 inmates in state prisons.

Currently, 38 states accuse detainees of seeing a doctor, according to Project Marshall.

Tonya Skief, whose 52-year-old son Terrell Carter was jailed for 30 years at SCI Phoenix in Montgomery County on a life sentence for murder, said the co-payment could wreak havoc. Although Carter has always had the support of his family and earns an income as a published author, there are times when he even needs the money for medical care, Skief said.

“It’s heartbreaking for me to see that he is in pain and sometimes can’t get the attention he needs,” Skief said.

Skief, who is retired and has a fixed income, said in these cases she has to cut certain things in order to have enough money to send to her son.

“The onus is on me to make a decision: what can I do without making sure he has what he needs?” she said.

She added that while the cost is not too onerous for her, there are people in worse financial situations who must choose between paying a bill or sending money to their loved one.

Brown, who said he first learned of the prison copays through friends and family who had been incarcerated while growing up in West Philly, echoed the sentiment.

“We all know what a tough time we are right now. So if my working hours are cut at work, my typical budget is cut in half, which is what I’m usually able to do for that incarcerated family member, I can’t do it anymore. So that puts families in a difficult position, ”said Brown.

While inmates who cannot afford the $ 5 can still receive medical treatment, their prison accounts end up in a negative balance when they do. Skief said his son had spoken to inmates who were injured but chose to “suffer in silence” in their cell because they fear the co-payment and fear that asking for a wheelchair to bring them to the infirmary would only add to the costs.

When an inmate’s account has a negative balance, the money people send them goes to pay for the cost of their care and not necessarily the extra memory items that the money may have been originally intended for, Brown said.

This, the representative noted, can have a negative impact on the mental well-being of an inmate.

“Waking up knowing that you have a negative balance because you went to the infirmary for some reason, and then you have to worry that family members cannot help you when they are doing their best,” you know, it can really have a negative impact on you mentally, ”he said.

Now the freshman is drafting legislation that would make the current quota suspension permanent, but he’ll need the support of his fellow Democrats, as well as Republicans in the legislature, to make it happen.

Skief said that if inmates like her son made mistakes, they should not be seen as “not really being human”. Instead, she said, people should support the elimination of medical copayments and see it as a moral obligation, because anyone can get caught up in the criminal justice system.

“It happened to me. It can happen to you. It can happen to anyone, so where is your compassion? Skief asked.





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