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Austerians Win Another One

In their never-ending war against economic stability and prosperity, the Austerians can claim another victory. The BBC reports that UK economy in double-dip recession

The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.

A sharp fall in construction output was behind the surprise contraction, the Office for National Statistics said.

A recession is defined as two consecutive quarters of contraction. The economy shrank by 0.3% in the fourth quarter of 2011.

BBC economics editor Stephanie Flanders says it “adds to the picture that the economy is bumping along the bottom”.

If you look at the accompanying graphic, you need to remember that the Conservative government won control in May of 2010, so, to be fair, they weren’t really impacting the UK economy until 2011.

April 25, 2012   Comments Off on Austerians Win Another One


Australia & New Zealand flags

It is ANZAC Day in Australia and New Zealand, which is similar to the American Veterans Day, in that it began as a remembrance of World War I, and has become more generalized over the years.

“Anzac Day commemorates the involvement of Australian and New Zealand troops in a World War I campaign on the Gallipoli peninsula in Turkey.”

The Gallipoli Campaign began as a Winston Churchill [then First Lord of the Admiralty] plan that spun out of control and got a lot of people killed on both sides with nothing much changing, but then, that was quite common in World War I.

Peter Weir made a movie, Gallipoli, which, if nothing else, proves that Sergeant Alvin York, and T.E. Lawrence weren’t the only people who fought in World War I.

April 25, 2012   Comments Off on ANZAC Day