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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
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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Oak Street Health: Long-Term Economics Obscured By Short-Term Headwinds Seeking AlphaEconomist 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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UK government borrowing surges again as Covid cases soar The GuardianCOEUR d'ALENE — Tears were shed as the executive director explained how much this donation meant.
“The generosity was so huge,” said Cindy Wood of Family Promise, a nonprofit in Coeur d'Alene. “There's this moment where our whole staff was standing in the parking lot around these vehicles just crying because we are so incredibly blessed and we know what it means for the families.”
Over $7,000 of food and gifts was donated Wednesday to Family Promise and Union Gospel Mission by Lake City High School students.
“It was amazing,” Wood said. “We didn’t know how we were going to get it back in our van so we brought an extra car just in case.”
Wednesday morning around 120 students filled the Walmart in Hayden, scanning the aisles to provide gifts and dinner for 11 families, totaling 49 individuals through Family Promise, as well as purchase gifts for certain age groups through UGM.
“(The students) really owned the program and really put it together,” LCHS teacher Matt Ruchti said. “I just provided an opportunity for them to do it.”
The students, mostly seniors and a few juniors making up Ruchti’s five economics classes, raised the money for the program internally, a lot from their own pockets, families and businesses with whom they had connections.
Ruchti said that because part of the curriculum focuses on money management and budgeting, he asked students if they'd be interested in a practical way to learn and give back to the community.
He said he didn’t expect the project to grow to something of that magnitude, but told the students they could take it to whatever level they wanted.
“Seven thousand dollars later ... they were pretty excited about it and I couldn’t be more proud of them,” Ruchti said. “Many students donated their own money, their own paychecks, their own tip money.”
Seniors Ada Christensen, Camdyn Martindale and Devin Moody worked together to bring Christmas to a family of eight. They were given a budget of $40 to buy a traditional dinner, and then $100 per family member to purchase gifts, toiletries and other items they may need.
“It’s definitely a lot of fun being able to help out and get gifts for other people in need,” Camdyn said.
Martindale said the project also gave them experience budgeting money and gaining life skills.
“It’s our last year in high school so we’re going out into the real world,” Martindale said.
Moody said they didn’t have too much time to decide what specific items they wanted to shop for.
“It was kind of on the fly, but we had a little shopping cart going online for the food and a couple of the gifts,” Moody said. “Besides that, it’s all just like walk through and look at what’s there.”
Senior boys Dillon Blough, Alex Mitchell and Max Reynolds searched toy aisles to find gifts for middle school boys through the UGM.
“It’s surprisingly harder than it seems,” Mitchell said.
Linda Cook of the UGM said they were surprised by the amount of donations they received.
“We are incredibly blessed by the hearts these kids have for people who struggle and it helps us because we rely solely on gifts to keep us going,” Cook said. “These kids are changing lives with their generosity.”
Members of the University’s administration and faculty discussed a proposal for the Center of Philosophy, Politics and Economics at the final faculty meeting of the semester Dec. 7.
President Christina Paxson P’19 introduced plans to establish a Center for Philosophy, Politics and Economics as part of her faculty meeting report.
Focused on an interdisciplinary approach to learning, the Center would join “students and scholars … doing (work with) historical political economy, normative political economy and then positive political economy” to work on “separate but interdependent” issues, Provost Richard Locke P’18 told The Herald.
The Center, as outlined in the proposal document shared with faculty and reviewed by The Herald, would “bring together the current network of faculty, educational programs and research activities across the University … (to) support an interdisciplinary approach to education and scholarship at the undergraduate, graduate, post-graduate and faculty levels.”
The new Center would absorb programs from the Political Theory Project, which is an interdisciplinary research center investigating “the ideas and institutions that make societies free, prosperous and fair” through a historical, philosophical, political and economic lens, according to the PTP website. These programs include the PTP’s Janus Forum Lecture Series, Odyssey Lecture Series and Postdoctoral Fellowship Program.
The PPE Center would expand on these programs to “include a broader range of academic disciplines and perspectives,” according to the proposal. It will also add additional programming, including an undergraduate reading group called the Philosophy, Politics and Economics Society, graduate student fellowships and research projects such as Depolarizing a Divided America, an initiative that will test a model for decreasing political polarization in the United States.
According to Locke, the new infrastructure would ensure that “regardless of one’s political or normative perspectives, people will be able to come together and work alongside each other, and I hope someday work together to exchange ideas.”
Paxson echoed the importance of the University hosting a center dedicated to “supporting diverse intellectual perspectives” and prompting discussions on what such a space could look like, she told The Herald.
“We have a very polarized society right now, and the idea that we need to have a center that's devoted to diverse perspectives is something we have to talk about,” Paxson said.
Some faculty members who attended the meeting expressed their concern of replicating certain aspects of the PTP when the Center absorbs the organization.
“Many members of our faculty have felt that the PTP has been a pernicious presence on campus for nearly 20 years, and that it has thumbed its nose at many of the commitments we have made to diversity, equity and inclusion,” Seth Rockman, associate professor of history, said during the meeting.
“Its record of paying undergraduates to participate in its programming, its reliance on private funding — all of these things fly in the face of what many of us are doing in our departments,” Rockman added. “The idea that we're going to build a new house on what seems to many of us like a rotten foundation is particularly disquieting.”
The greater range of projects proposed to be offered by the PPE are aimed at reflecting a greater range of perspectives within the Center that many faculty members believe has been missing within the PTP, Locke explained.
What “we’re doing is taking the best pieces (of the PTP) and incorporating them into something larger,” Locke said. We are “building a new foundation because the governance is completely new, the funding model is completely new and the integration with the rest of the campus is different.”
In the meeting, Kristina Mendicino, associate professor of German studies, cited concern over the PTP receiving partial funding from the Koch Foundation, a foundation run by billionaire and conservative political mega-donor Charles Koch.
A faculty proposal that would alter the policy on gifts and grants “so that faculty could not get funding from sources involved in science denial, in some cases through dark money practices,” is already under review by the Advisory Committee on University Resources Management, Paxson said at the meeting. Recommendations are expected in the spring with further discussions to follow.
Other faculty members, while supporting the interdisciplinary and community-based focus of the Center, suggested that the proposal itself could benefit from restructuring.
“A center like this with the kinds of goals that I heard mentioned today would, I think, be very welcome to a lot of us on campus,” Professor of History Michael Steinberg said. But some structural and intellectual restructuring of the plan “would be extremely productive.”
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Locke emphasized the importance of community input during the deliberation.
“What I'm hoping is that we can talk about the issue, figure out where we can meet (and) where we can come up with assurances, … because no one wants some bad thing on campus,” Locke said. “Regardless of the outcome, let's make sure that this conversation is conducted in such a way that we can all come back and be in community afterward.”
Discussions regarding the proposed Center will continue at the next faculty meeting in February and over the following months.
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(CNN Business)Senator Joe Manchin's opposition to the Build Back Better Act prompted Goldman Sachs to swiftly dim its US economic outlook.
Liability lawsuits hitting 3M Co. spotlight U.S. tort liability law, illuminating features of both jurisprudence and economics. Our law differs significantly from the rest of the world and thus poses illuminating comparisons. However, both the law and economics are complicated, so they must be examined over two weeks.
Start with these cases themselves. A company called Aearo Technologies developed a higher-tech two-ended earplug. Inserting one way blocked damaging loud noises from weapons muzzle blasts or explosives. The other way dampened such noises but allowed soldiers to hear lower sounds including speech. In 2003, Aearo started selling these “Combat Arms Earplug version 2,” or “CAEv2,” to U.S. armed forces, primarily the Army.
3M bought Aearo in 2008 and, through 2015, continued to sell the Department of Defense hundreds of thousands of CAEv2 plugs used in training and by all serving in Iraq, Afghanistan or other combat areas. 3M continues to produce, and DOD continues to buy, many thousands of an improved version, “CAEv4.”
However, in 2016, Moldex-Metric, a competing hearing-protection manufacturer, filed suit against 3M asserting the CAEv2 was defective and had been misrepresented. This led to a settlement with the U.S. Justice Department in June 2018, in which 3M paid $9.1 million to settle a whistleblower False Claims Act lawsuit that it knowingly sold defective earplugs. 3M says it settled solely to avoid expensive litigation, that there were no defects in the plugs, and that they fully met all contract specifications.
Nevertheless, many individuals now have joined groups filing civil suits against 3M for hearing damages caused by a defective product. Most of these are being clustered in a Federal District Court in Florida. Some have gone to trial with mixed results. The majority ruled against 3M and ordered multimillion-dollar damages payments.
Now a bit of law. The idea that if one person harms another, unintentionally as well as intentionally, such harm must be made up for, is basic fairness. It goes back to Old Testament scriptures as well as the 4,000-year-old Code of Hammurabi.
The legal systems of every country in the world, whether based on common case law as in most English-speaking countries or Roman-tradition codified law, have procedures for determining whether harm took place and how it should be compensated. This is “torts,” a hurdle for every beginning law student.
However, though basics of determination and compensation cross all countries, U.S. law has unusual and highly controversial features.
The first is contingent fees for attorneys representing plaintiffs. Lawyers may charge no fee for accepting cases. None need be due unless the case is won. Then they get a percentage, often very substantial, of the awarded damages. If lost, they get nothing.
Contingent fees are illegal in Europe and most other countries. However, some do allow “conditional” damages in which an additional amount, based on costs accrued rather than on damages won, may be added to hourly fees in successful cases.
The second feature of U.S. law is “punitive damages.” “Punitive” means “punishing.” In U.S. tort law, they are amounts imposed that exceed the “actual damages” ruled as suffered by the plaintiff. Punitive damages can be awarded only in cases involving overt dishonesty, bad faith, harmful intent or continuing to act even after harm became apparent. Such bad faith need not rise to the level where criminal statutes were broken to an extent that could be proven in a criminal trial.
The third distinctive aspect of U.S. tort law is the “class-action suit.” A development of the mid-20th century, it allows a group or “class” of people who have suffered harm to sue as a group represented by one set of attorneys examining a common set of witnesses and evidence in one trial. If damages are awarded, they are split among all members of the class following some formula.
In strict terms, “class action” refers to a case in which a court rules that all persons harmed will be members of the class. The train leaves the station. Once the case is settled, additional suits filed, perhaps by holdouts, are not accepted.
However, without seeking to form a “class,” people can sue in groups that may be awarded damages. But such decisions do not impose settlements on any other pending set of plaintiffs.
So far, there have been four CAEv2 cases decided. 3M lost three, but damages varied in both actual and punitive categories. Many other cases are being prepared. Legal firms that specialize in such group or class liability cases are feverishly recruiting veterans. Search “3M earplug lawsuit” to sample the hubbub yourself.
In recent years, such early cases with subsets of plaintiffs from a much larger group may be deemed “bellwether” cases that will orient future litigation, particularly in terms of damage amounts. A “bellwether” is a castrated male sheep with a bell around his neck that leads a much larger flock toward forage and water.
These early cases covered only a small fraction of the hundreds of thousands of earplug users. Yet how the trials played out on both sides, the juries’ findings and the judges’ rulings all will influence future litigation. This may lead to a negotiated out-of-court settlement.
Understand these cases are highly unusual in that military training and warfare have caused hearing loss for centuries, especially since invention of gunpowder. Aircraft engines, piston and turbine both, accentuated the dangers. Harm to hearing is the most common service-connected injury in the U.S. military. As someone with 32 years of active and reserve U.S. Army service, including both infantry and artillery units, and with a good friend who flew in 1950s “six turning and four burning” 10-engined B-36 bombers, I’m personally well informed!
It long has been recognized that armed forces bear responsibility for health damages caused by service, regardless of defects in a particular device purchased by the Department of Defense. Individual vets didn’t sue manufacturers. People harmed by defective ear plugs will remain eligible for the same, admittedly often imperfect, Veterans Administration hearing devices and services. Most veterans with hearing loss have no one to sue.
All this is background. How it intersects with economics must be left for next week.
St. Paul economist and writer Edward Lotterman can be reached at stpaul@edlotterman.com.
It is raining awards so late in the year, and the party isn’t over yet. We’re swamped by a cavalcade of curiosities. And in my field, it is no different. An excellent opportunity to pore over the award-winning avant-garde in search of as yet untrodden paths. It turns out that this is not that easy. Just as inflation adversely affects the value of currency, so, too, do the bizarre amounts of accolades lead to a diluted superfluity, where mainly image-defining projects seem to thrive. The recognition of innovation in substantive terms is difficult to discern and the legitimacy thereof is also at times questionable, with a remarkable amount of professional praise for projects that have fairly dissatisfied users. I see room for a gold standard đ
That said, gold can be found in almost all rivers. As is the case here. Sometimes nuggets simply sparkle in a sieve. What about the landscape architecture agency DELVA? Surprisingly voted (drum roll) ‘Architect of the Year 2021′. Founder Steven Delva did not want to be awarded as a single person, as he wanted to highlight that the entire team of the Belgian-Dutch agency deserves credit. That in itself is very nice. Especially if you are building communities in a professional capacity. It also underlines the importance of greening the urban environment.
But that’s not all by a long shot. The design of greenery and water in urban areas can no longer be seen separately from the design of buildings. It requires a special integral approach which uses greenery as the basis. DELVA does this by co-authoring the business case for projects and, where possible, becoming the owner of the greenery itself and taking responsibility for its installation and management.
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This way, green spaces can become part of an economic model in which a high level of spatial quality and management are linked to financial gains. By programming these combinations in a smart way, savings can be made and money can be earned, while the added value for the neighborhood and society as a whole is increased. A revenue model with a time factor as its strong point: “Buildings can only deteriorate after they have been completed, nature will only become more beautiful,” is a provocative statement.
How exactly does green space and water work as an inseparable part of an area’s economic significance? Scientific research shows that access to green outdoor spaces raises the well-being and productivity of employees substantially. VoilĂ ; just how much is a healthy living environment worth to you? The green environment can become part of the marketing of businesses that are located there and also used in presentations. Greenery and water can also be put to good use when it comes to climate proofing. For example, by being used for the retention, buffering and purification of water, and of course, also for recreational purposes. These are all things that a price can be put on.
Promoting the use of greenery and water naturally raises the question of ownership even more. I would like to make a case for organizing it in such a way that the local residents are (co-)owners. Then the perception and exploitation of these areas can be transformed even more optimally. Entrepreneurship is all about looking to the future.
About this column
In a weekly column, alternately written by Willemijn Brouwer, Eveline van Zeeland, EugĂšne Franken, Helen Kardan, Katleen Gabriels, Carina Weijma, Bernd Maier-Leppla and Colinda de Beer, Innovation Origins tries to figure out what the future will look like. These columnists, sometimes joined by guest bloggers, are all working in their own way to find solutions to the problems of our time. So tomorrow will be good. Here are all the previous articles.
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