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How to get your first job: A concise and practical guide for young people - The Savvy Guide, 2014 UK Edition
How to get your first job: A concise and practical guide for young people - The Savvy Guide, 2014 UK Edition
Price: 2.73

5.0 out of 5 stars Savvy, concise and a useful resource for young job hunters, 30 July 2014
Young folks starting out in the job market today certainly need all the help they can get. And they can do no better than to start by reading this "savvy guide" with it's eminently sensible advice .

Job searching, planning for interview and successful performance when you get there are all covered and some useful links provided.

Recommended .

The Cost of Inequality: Why Economic Equality is Essential for Recovery
The Cost of Inequality: Why Economic Equality is Essential for Recovery
Price: 0.99

4.0 out of 5 stars Greed is not great, 15 Mar 2014
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An argument in "The Cost of Inequality" is that income inequality can and does cause economic instability, something that would have to come as a blow to advocates of financial deregulation who could remain sanguine about any of the social and psycho-social impacts of the greed culture of banking. Indeed, if that greed does have a negative macroeconomic implication, the new elite of the superrich that it has created has absolutely no defence of stoically watching others have to take strong medicine, of Schumpeter's "creative destruction", since financial capitalism always promised steady GDP growth & prosperity as the payoff for others' pain. These days, the others are tipping 95%.

The first chapters take a look at the record since liberalisation of the markets.

Lansley compares the 1945- 1973 Golden Age of managed capitalism with finance capitalism. Productivity turns out to have been as good in the Golden Age as during post Big Bang (1986).

The raison d'etre of finance capitalism was that investment would be directed to businesses with an unsurpassed efficiency. This would auger a future of unlimited growth, with boom and busts a thing of the past. Yet the promise has failed to deliver, with a quickening pace of crises as well as the later ones being more severe since the 1980s, culminating in the 2008 global Depression. When the storm cleared, the structural changes of finance capitalism revealed two economies: a productive one and a money economy that only served a superrich clientele of offshore investor and their money men. This redistribution of national wealth indirectly contributes to pathological economics.

Lansley's scrutiny falls on the legitimized ballooning risk taking of bankers and pensions fund managers, and upon a banker culture that focused on shareholder value so that short-term objectives of investment would be banking's first abdication of traditional responsibility for helping the productive economy. The culture of bonuses rewarded short-term returns and maximising shareholder value so that the fundamental promise to assist businesses with credit and loans would not have any encouragement from the sectors KPIs.

On the micro-economic stage, private equity firms activities in acquisition and mergers were promised to improve the efficiencies and productivity of businesses, but Lansley paints the picture of businesses emerging from the process asset stripped, paying rent for property assets they once owned, and so dubiously fitter. In the case of Debenhams, if there were winners of removing a public company into private ownership, they didn't include the many employees who were made redundant. It gives the lie to the metaphor of `usefulness' ascribed to private equity firms and the hedge funds.

Schumpeter's `creative destruction' is a somewhat positive image that finance capitalism would prefer applied to the activities of hedge funds , or private equity firms, for their knack allegedly of disciplining markets and picking off the overvalued stocks in the name of productivity and efficiency. But the beneficiaries were the rich offshore investors in a parasitic money economy shadowing the productive economy that have helped to make the finance sector ineffective in doing what it should - lend to business and help innovation and private sector stimulus. Instead Finance capitalism has increasingly concentrated immense wealth among the new elite of casino bankers, fund managers and investors with distortion of society that could have all kinds of dangerous and destabilising results, quite apart from confirming banking to be unfit for the purpose required of it by the productive economy.

It was the cash from China that indeed started the investment and led to the property bubbles and market euphoria, and conditions encouraging financial institutions to lose their understanding of complex products and fail to impose self-regulation. This was the ideal conditions for Bernie Madoff to hoodwink the good and the great on Wall Street into indulging their greediest fantasies and imagine there'd be no jeopardy or no risk (not unlike the fantasy of risk-free investment created by Wall Street's PhDs whizzkids who parcelled mortgaged backed securities).

But Lansley's main observation of the social effects is about the widening of the inequality gap and its endangering democracy when individual wealth can attain such disproportionate effect as to have political and economic consequences.
Lansley has a warning. A dysfunctional finance sector offers a prescription for future credit bubbles in the markets and crashes, of greater frequency and severity than even the Depression of 2008.

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