Atlanta Fed chief to head chamber in 2022, sees diversity as economic fuel - The Atlanta Journal Constitution

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Atlanta Fed chief to head chamber in 2022, sees diversity as economic fuel - The Atlanta Journal Constitution
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Economics and Business Lecturer – FE News - FE News

Morgan Hunt

Economics and Business Lecturer

Greater Manchester

£25,220- £33,845

NEW PERM ROLE

Morgan Hunt are currently looking to recruit A economics and Business Lecturer on n a full time basis, working for an FE college in greater Manchester as a Lecturer A delivering on A level Economics and Business.

Responsibilities of a Business/ Economics Lecturer:
* Working in the Business Department, you will be working with a variety of learners and be expected to meet the College’s standards of work
* Providing additional tutorial and pastoral support to students across the College as required
* Delivery of Economics and Business to A level students

Requirements of a Business/ Economics Lecturer:
* A UK recognised teaching qualification, such as a PGCE, DTLLS, Cert Ed, or equivalent is essential
* Experience of delivering the subject.
* A Business/ Economics related Degree is essential
* A current DBS or willing to apply for one

To find out more information on this role in Greater Manchester and to apply, please send your updated CV today

THIS ROLE WILL GO FAST- THEY ARE LOOKING TO INTERVIEW AFTER THE NEW YEAR- PLEASE APPLY HERE

Morgan Hunt is a multi-award-winning recruitment business for interim, contract and temporary recruitment and acts as an Employment Agency in relation to permanent vacancies. Morgan Hunt is an equal opportunities employer. Job suitability is assessed on merit in accordance with the individual’s skills, qualifications and abilities to perform the relevant duties required in a particular role.

Source: fecareers.co.uk

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Economics and Business Lecturer – FE News - FE News
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The Economics Of The Hugely Popular Hallmark Christmas Movies - Forbes

For more than a decade, Hallmark Christmas movies have been a staple of the holiday season. Over the past year, they have become more than just entertainment. They’ve also offered comfort during difficult and often frustrating times.

Hallmark movies’ familiar structure and predictable outcomes are a strength at this time. While you can’t control what’s happening around you, you can predict that the heroine will wind up with the hero at the end (and not with another heroine, at least not yet; for now, you have to go to Netflix and Hulu for same-sex pairings).

So how many Christmas movies are on Hallmark this season and why are they such a big deal?

Hallmark has 40 Christmas movies this year, the same as last year and the year before. That matches an all-time high for the network, which is impressive considering COVID restrictions made production difficult during 2020 and 2021. But once networks found a way to get films made, there has been a steady stream of new content for the channel.

The number of films produced each year has more than quadrupled since 2009, when Hallmark had nine Christmas movies. The total has risen every year since then, as audiences showed insatiable appetite for the films. Since 2009, Hallmark has aired more than 300 Christmas movies (and a handful of Hanukkah films, too).

They are a win-win economic prospect for the channel. They’re relatively cheap to produce, with budgets often under $2 million, and shot in Canada, where tax credits make shooting even less expensive. And they draw in viewers.

During the Christmas season, more than 80 million people watch at least a few minutes of a Hallmark movie, according to Nielsen. Most weeks in November and December, Hallmark ranks as the No. 1 network among the advertiser-friendly demographics of women 18-49 and women 25-54.

That means the channel can charge premium pricing on advertising, as it connects with an in-demand audience at a time when this group is increasingly fragmented. Reaching a lot of them in one place has become challenging for advertisers, as consumers have so many screen options instead of just cable and broadcast, as they did 15 years ago, when Hallmark Channel was in its infancy.

So offering that consistent draw from year to year is a huge boon for advertisers. Previous estimates have found that Hallmark Channel generates a third of its annual ad revenue just from Christmas movies. That equates to more than $350 million.

The franchise has held up well despite increased competition from other cable networks and now streaming networks. The latter have taken advantage of Hallmark movies’ well-documented lack of diversity (the vast majority of movies feature white leads) with movies featuring gay couples and people of color to appeal to the many people who aren’t represented by Hallmark films. Netflix, notably, has aired nearly four dozen Christmas movies the past three years, and the gay rom-com Single All the Way receive buzz this season.

But some networks are simply copying the Hallmark approach. GAC Family, which is run by former Hallmark executive Bill Abbott, aired more than a dozen Christmas films this year, and one starred former Hallmark favorite Lori Loughlin (who Hallmark dropped after her college admittance scandal).

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The Economics Of The Hugely Popular Hallmark Christmas Movies - Forbes
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Are Packers Fans Rational? What The Green Bay Packers Are Teaching Us About Economics - Forbes

Oak Street Health: Long-Term Economics Obscured By Short-Term Headwinds - Seeking Alpha

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Oak Street Health: Long-Term Economics Obscured By Short-Term Headwinds  Seeking Alpha
Oak Street Health: Long-Term Economics Obscured By Short-Term Headwinds - Seeking Alpha
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An Italian economic accident waiting to happen | TheHill - The Hill

Economist Herb Stein famously said that if something cannot go on forever, it will stop. If ever Stein’s dictum had applicability, it is to Italy’s currently unsustainable public debt situation. Once the European Central Bank (ECB) stops buying Italian government bonds on the massive scale that it has been doing over the past 18 months, Italy likely will be at the center of another round of the European sovereign debt crisis.

It would be a gross understatement to say that Italy’s public finances are unsustainable. Italy’s public debt to GDP ratio skyrocketed during the pandemic to over 155 percent of GDP. That was the highest such ratio in the country’s 150-year history and well above its level after World War II. At the same time, the country’s budget deficit blew out to over 9 percent of GDP in both 2020 and 2021. 

In the period ahead, Italy’s public finances could be further compromised should the country’s shaky banking system need meaningful public support. Underlying the risk of such an eventuality is Standard and Poor’s recent estimate that in 2022 the share of non-performing loans in the Italian banks’ balance sheets could rise to 10 percent.

Italy’s past history of sclerotic economic growth offers little hope that the country will be able to grow its way out from under its public debt mountain. Since joining the Euro in 1999, the Italian economy has virtually stagnated while Italian income per capita today is significantly lower than it was some 20 years ago. The prospect of yet another European wave in the pandemic casts a dark cloud over Italy’s tourist-dependent economy and raises the specter of yet another Italian economic recession.

Italy’s unfortunate experience with budget austerity during the 2010 European sovereign debt crisis illustrated the futility of trying to restore public debt sustainability through budget-belt tightening in a country that is stuck in a Euro straitjacket. Having given up its currency for the euro in 1999, Italy can no longer resort to currency depreciation as a means of boosting its export sector to offset the contractionary impact on aggregate demand of budget austerity. Trying to do so would likely result in a recession that would negate any benefit to Italy’s public debt situation to be derived from public spending cuts and tax increases.

Over the past 18 months, the Italian government has been able to access the international capital market on very favorable terms despite the highly compromised state of its finances. This has been made possible thanks to the unusually large ECB Italian government bond purchases under the ECB’s Pandemic Emergency Purchase Program. Indeed, ECB Italian bond purchases under that program were approximately the same size as the Italian government’s gross borrowing needs.  

Unfortunately for Italy, the ECB cannot be expected to continue buying Italian government bonds indefinitely on anything like the scale that it has been doing to date. Against the background of rising European inflation, the ECB has already announced that it will be ending its Pandemic Emergency Purchase Program in March 2022 and replacing it with a more modest bond-buying program. Should European inflation continue to rise, it will be only a matter of time before the ECB chooses to totally phase out its bond-buying activities like the Federal Reserve has already announced it will soon do. 

It is all too likely that when the music of massive ECB bond-buying stops playing, domestic and foreign Italian government bond investors will focus their attention on that country’s dismal public finances. When that happens, one must hope that U.S. and world economic policymakers are not caught out as flat-footed, as they were in 2010 when Greece’s economic troubles triggered a European sovereign debt crisis. This is especially the case considering that this time around the European sovereign debt crisis will be centered on Italy, a country whose economy is about 10 times the size of Greece’s.

Desmond Lachman is a senior fellow at the American Enterprise Institute. He was formerly a deputy director in the International Monetary Fund’s Policy Development and Review Department and the chief emerging market economic strategist at Salomon Smith Barney. 

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An Italian economic accident waiting to happen | TheHill - The Hill
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UK government borrowing surges again as Covid cases soar - The Guardian

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UK government borrowing surges again as Covid cases soar  The Guardian
UK government borrowing surges again as Covid cases soar - The Guardian
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