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Economics Observed

Economics Observed

John Willman, Tim Leunig And North West England

08.09.27  NWDA AGM 2008 John Willman  Liverpool BT Conference Centre John Willman is UK Business Editor of the Financial Times, so his take on the UK economy was an important contribution to the NWDA 2008 Annual Conference in Liverpool. His message, whilst analytically cautious in the present market chaos, came over as generally upbeat. Would that Tim Leunig, the academic who advised the economic emphasis should Go South, had seen things in the same light. Better surely for the North and the South of England, if we face the UK's regional (and centralist) challenges, than if we run away? ...

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The British Sociological Association (BSA)

British Sociological Association (BSA) logo The British Sociological Association, founded in 1951, promotes the work of sociologists and social scientists as practitioners and scholars, in the UK and, through links, much further afield. Sociology offers an analysis which helps surprisingly large numbers of us make sense of what happens in our ever-changing world. ...

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Food, Facts And Factoids: What Do We Need To Know?

08.04.02 place laid for dinner 140x78 010a.jpg Food is rising rapidly up the agenda. Allotments, biofuels, calories, customs, eating disorders, famine, farming, fats, fibre, foodmiles, GM, health, organic, packaging, processing, salt, seasonal, security, sell-by, sustainability, vitamins, water.... Where do we begin with what to eat and drink? ...

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Orchestral Salaries In The UK

Music & bills 065a 99x138.jpg Professional orchestra musicians' employment and pay is a mystery to most people. Do players have 'real' jobs, too? is a common question. And is it all very glamorous? The latest survey of orchestral pay in the UK gives some answers - not much glamour, not too much pay, and little time for anything else. But for many players the commitment remains. ...

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A European Capital Of Culture Without Euros

'Gold' coins 4919 (99x134).jpg Here in Liverpool we are about to start our 2008 Year as European Capital of Culture. But apparently the connection between this year-long Capital of Culture event and hard European cash has yet to dawn on some local businesses. This is serious. Who's failed to get the message over? And will things improve? ...

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Sky-High Homes For The UK's Regional Cities?

City centre high rise building 6752 (110x99).jpg How many people reading this article actually live in a city centre? How many readers in live a high-rise apartment? And how many of these readers are aged 30-50? My guess is that fewer readers live in high-rise than have views on them; the evidence certainly shows that most people past a certain age choose to live in suburbia or out-of-town. So is the commercial emphasis on city centre 'executive' apartments sustainable? ...

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Translational Science In Transition: The New Science Policy

Hope St & Mt Pleasant-  Science Centre  06.7.15 011 (81x87).jpg Who owns Big Science in the UK? Does government science policy sit within wider public policy, or is it stand alone? The Cooksey Review has stirred strong feelings amongst medical scientists, and also further afield. Few science policy questions can be determined without understanding the wider public policy context. ...

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Fast Trains And The North-South Divide

Euston departure board north (small) 115x146.jpg Is large-scale sustainable transport possible? Should we welcome Britain's fastest-ever domestic train, which has arrived in Southampton this week? The UK's North- South economic divide brings these questions into sharp focus. The further one is from London, the more important connectivity can become. So is carbon footprint a critical issue only after the economics have been taken care of? ...

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Employment Polarisation, Gender And Regeneration

London lights, buses & faces 115x140 (small).jpg An ippr report by Ioannis Kaplanis tells of increasing employment polarisation in Britain - with differences most significant amongst female employees in London. Regional economies must learn from Kaplanis's studies, looking especially at policies for the full use and retention of women's high-level skills. One emphasis must surely be on how very senior decision makers outside London (a hugely male population) respond to this challenge. ...

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Balanced Development And Housing Wealth Redistribution

Derelict site (small) 80x111.jpg Is freeing northern inner-city land the best way to a more equitable and ecologically sustainable national economy? For wealthy city-based Southerners this is possibly an obvious strategy. But some of us Up North, or anywhere in the inner-city / rural hinterland, might want a few safeguards built in. ...

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Lewis's, Lime Street And Liverpool Losing Out

Lewis'sStoreClosing Notice 2007.4 (small)90x134.jpg Liverpool city centre is in a state of flux, as the Big Dig re-routes and bewilders in equal measure. The aim is a pleasant, business-friendly place to be. The disgraceful state of Renshaw Street, linking Lime Street Station to the city south end, sadly belies that intent. But does it have to be like this? ...

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International Women's Day: Let's Focus On Feminist (Gendered) Economics

Women at market (small) 70x71.jpg Today (8 March) is International Women's Day, when women are celebrated in many parts of the world. But after more than a century of campaigning, women and men remain unequal in wealth and power. It's time for an overtly feminist, gendered approach to economics, examining the differential impacts and advantages of economic activity on women and men. ...

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Making The Most Of Daylight Saving: Research On British Summer Time

Dusk in town (small) 80x91.jpg British Summer Time begins at 2 a.m. on Sunday 25th March this year (2007). Surveys suggest that both safety and energy saving would ensue from BST year-round, and a large majority of people will welcome the lighter evenings. But why have we just had to endure five months of days which end before the afternoon teabreak? ...

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The Cost Of Childcare: Women's Work And Women's Wages

Small child (small) 70x61.jpg Pre-school childcare is generally regarded as expensive. Even with government financial support, it stretches many household budgets. But there are now many more childcare places than hitherto. More places and higher costs, properly handled, may together be a longer-term sign of better status for women in the labour market. ...

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The National Theatre Museum Has Closed

HOTFOOT(small) orange 2005 027.jpgThe National Museum of the Performing Arts closed 'for good' yesterday. This is a disaster for London (where it has had its home, in Covent Garden) and for the whole of the U.K. If the Trustees of the Victoria and Albert Museum - in whose 'care' the Theatre Museum resides - cannot maintain the collection as an entity, perhaps the Theatre Museum should pass to those who can do better? The Chair of the V & A has close Merseyside connections; why not re-open the Theatre Museum in Liverpool? ...

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Microsoft, BT And My Computer

Telegrah wires (small).jpgE-technology may well be becoming more accessible, but it still has its problems if you're just the customer. These last few weeks have brought this message home for one aspiring e-user at least. ...

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Diversity Watch Widens

Diversion sign (small).jpgIt's not just public conferences which often fail on diversity. The Bank of Scotland Corporate's advertisement today in Merseyside's Businessweek shows the distance still to go before the chaps grasp what diversity might be about - and why everyone, from banks to sub-regions like Merseyside, needs to implement it. ...

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In Praise Of Politics

Election Night (tables, small) 05.4.26 057.jpg The benefits of modern democracy which we in the U.K. enjoy are diminished by the media when they invite us to confuse the real thing with synthetic 'political entertainment' concocted by those who then 'report' it. At a time when cyncism about politics is rife, people need to know about the realities of political involvement, so they can make informed judgements about whom they wish to support. ...

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Seasonal Food - Who Knows About It?

Loganberries (small)  06.7.30 008.jpg Over the past century our connection with basic food production has largely been lost. But now there are urgent environmental as well as direct health reasons to ensure everyone understands how food is produced. People as consumers (in both senses) need to know about food miles, short produce supply chains, nutritional value and the annual cycle of food production through the changing seasons.
One obvious starting point for this crucial 'sustainability' message is schools; and another is allotments. ...

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Sustainability: Where Private And Public Interests Meet

Allotments (Sudley) 06.7.15 004.jpg Sustainability is a huge challenge. Solutions won't come cheap, but come they must. The imperative for meeting the huge challenge of global warming is now recognised by people across the economic and political spectrum, from Al Gore to Arnold Schwarzenegger. ...

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A Taxonomy Of Enterprise For Growth Theory?

The knowledge economy is a huge area, with impact at every level from the micro to the massively macro. Yet there is still much debate, influenced by celebrated economists such as Robert Solow and Paul Romer, about whether technological progress produces economic growth, or vice versa. One commentator, David Warsh, has recently suggested that this debate currently throws only limited light on economists' understanding of how economies make progress. Perhaps nonetheless there are interesting questions which arise here in terms, particularly, of the impact of 'invention' and ideas in, say, social enterprise environments? ...

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Do Gender Pay Audits Bring Wages Down?

Woman's purse with coins, diary, lipstick &c (small) 80x105.jpg There's a debate to be had about gender pay audits or reviews. To be effective, should they be compulsory and public? Do they have the desired effect on pay equality? And could they result in pay equity within given occupations, but even lower overall wages where the majority of the workforce is female? ...

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Investing In The U.K.'s Big Science And Medical Research

The U.K. Science and Innovation Framework 2004-2014 has taken on new significance with the recent Budget. Scientists, economists and the regeneration arm of government need to make common cause if the proposals to reshape particle physics (PPARC), medical research (MRC) and links between business and innovation are to achieve the promise which they appear in many ways to offer. ...

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Whatever Is The 'Health Economy'?

The 'health economy' is much discussed but little defined idea. Within local health-care provision it carries an assumed status which it is perhaps now time to challenge. We don't in everyday parlance between managers talk of an 'education economy'; so why a 'health economy'? Many of us would defend very strongly the concept of essential health care free at the point of delivery, but the idea of a closed specialist health economy may not be the best strategic vehicle to ensure delivery of such modern, responsive and effective health care. ...

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'How Do They Do It?' - A Way To Broaden Horizons?

Liverpool's physical location and economic situation make it difficult for some local people to know much about what's happening elsewhere. This is turn results in difficulties in determining locally which new ideas for the city are good, and which less so. The proposed 'How Do They Do It?' programme could help here... but only if those who are able to do so actively support the idea. ...

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Distinctive Economics And U.K. People Migration Between The North And South

Making housing even cheaper than at present is not the way to keep professional workers in the north, whatever the short term arguments about attracting inward investment and skills. Professional workers in the north as much as the south need easy mobility, if they are to increase their experience and value both to themselves and to their employers. ...

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Prioritising The Health Priorities

The messages of health promotion are universal; but are they coming over sufficiently effectively to the person in the street? ...

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'Lifestyle' Versus Value Creation In Merseyside's Economy

Merseyside's economy is often criticised for being too public-sector driven. And now the critque has extended to some sharp observations about the type of businesses which are here, as well as just how few of them there are. Maybe a bit of 'experience swap' would help us to get a wider picture? ...

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Why The Merseyside Economy Needs More SciTech Research & Development

A recent meeting of the North West Business Leadership Forum and The Mersey Partnership has focused minds on how to engage the Knowledge Economy at its highest levels. Reseach and Development are universally understood to enhance economies. The challenge now for Merseyside entrepreneurs and businesses is therefore to grasp the exciting opportunities emerging via our growing high-tech knowledge base. ...

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2012 London Olympics: An Opportunity For Liverpool?

Already, some people in Liverpool believe the 2012 Olympics will be 'bad' for Merseyside. Having already won the accolade of 2008 European Capital of Culture, - and bearing in mind also the City's 800th Anniversary in 2007 - surely we in Liverpool are actually very well placed to benefit greatly from the 2012 Olympics, if we start to plan now? The glass is decidedly half full, not half empty. The next challenge for Liverpool is to recognise this and act on it. ...

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Planning For Energy Futures With The CBI

The Confederation of British Industry (CBI) is warning us that posssible energy shortages mean a winter of discontent awaits. This is a matter of concern for everyone. When energy is taken by the banks and business as seriously in terms of analysis as finance, the notion of 'Futures' may help us to understand 'Options' in a whole new way. ...

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Is Enterprise Funding effective, and how should it be evaluated?

The returns on Merseyside Special Investment Fund investments are under scrutiny in a particularly challenging local economy. But do we know whether MSIF, or any other public investment bodies, are actually doing a good job? The answer is probably, 'Pass....'. Unless there is directly comparable information about enterprise programmes where funding was unasked or declined, there is actually nothing meaningful against which to make evaluations of the adequacy of the funding decision-making process for programmes which do receive public investment. ...

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NHS Contracts and Foundation Hospitals: Who has the Legal Expertise?

Is it actually the contracting out to private (or indeed social enterprise) suppliers for some NHS services which should be of most concern? Or is it the exact nature of the contracts agreed between NHS Trust Boards etc and their suppliers which requires the most scrutiny? There may be details here which make all the difference to what happens in the future.... ...

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US Universities, Privatisation And 'Intelligent Design'

Universities in the USA are increasingly funded by private interests. This has already raised curriculum concerns, especially for instance about ideas such as 'Intelligent Design'. Anything which is at base an attack on scientific method and, indeed, rationality, should be watched very carefully indeed. ...

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Cultural Gentrification Is inevitable; Displacement Is not!

Gentrification as a result of 'cultural development' is often perceived by locals as unwelcome; but does it have to be that way? It may well be possible to cash in on the newly acquired wealth of an area, to bring decent jobs and opportunities to local people, including the 'creative community' whose work may have brought about that very gentrification. There is a clear role here for entrepreneurs, social and otherwise, and for proactive planning and training. ...

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Grants & Investments

Are there differences in the sorts of people who 'give' Grants, from those who 'make' Investments? Are these fundings for genuinely different types of activity? Or do we sometimes forget that all funding from the public purse has at base the same objectives of improving quality of life? ...

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