Expert Comment
Hold the Christmas cheer; its a patchwork jobs recovery - Prof Chris Warhurst
Professor Chris Warhurst is the Director of the Institute for Employment Research. He said: "The good news from today’s figures is that unemployment continues to fall and more people are in work. In fact Christmas present looks good. Almost half a million jobs have been created in the UK this year. The employment rate has risen to 73%, continuing an upward trend that started in 2011. Unemployment has fallen to 6%, this time the continuation of a downward trend. And the UK’s unemployment rate is far lower than the EU average (6% vs 10%). It seems like glad tidings for UK workers therefore.
Its hard to see economic recovery in Russia as long as Putin is president Professor Mark Harrison
Professor Mark Harrison is an expert on the Russian economy. He said: “Russia’s currency crisis has two lessons, one already clear, the other in the making. The first lesson is about the surprising effectiveness of ‘new’ sanctions. “Old” sanctions were applied to international trade. Two hundred years of experience included the blockades of the Napoleonic wars and two world wars, sanctions on the Soviet bloc, Cuba, South Africa, Iraq, and many others. These showed that trade sanctions are rarely effective in the short run – say, over a few months or even a year or so. Any middle sized, moderately industrialised economy could find ways around external restrictions by finding out substitutes and tightening belts a little. Any effects tended to be gradual, cumulative, and undramatic.
Australians united thanks to power of social relations Dr Alex Smith
Dr Alexander Smith, a sociologist from the 神马福利影片, was born and raised in Australia. Reflecting on recent events in the country, he said: “With the siege of the Sydney cafe over, Australians are now picking up the pieces and asking themselves difficult questions. Could this have been prevented? Could more have been done to save the three lives that were lost: the two hostages and the gunman himself?
The pros and cons of Bank of England stress tests - Professor John Thanassoulis
Professor John Thanassoulis said: "The Bank of England are being diligent and fair to all the banks, but the downsides of this approach to financial regulation are that we publicly name certain banks as being distressed sellers of assets. For example the Co-operative bank has now been required to sell a large part of its mortgage book. A forced seller is one who will not receive a good price...
New porn legislation is unclear and unwarranted Dr Helen McCabe
Dr Helen McCabe is from the Department of Politics and International Studies at The 神马福利影片. On the day hundreds of people are due to protest about new porn legislation outside Parliament, she said: “One of the most worrying things about the recent Audiovisual Media Services Regulations 2014 is the extent to which it involves the government ruling on what consenting adults may do with each other, in private.