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Old January 17th, 2010, 09:38 PM   #41
sefton66
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http://news.bbc.co.uk/1/hi/business/7789784.stm

An updated version of the unemployment in the UK it now goes back to June 2005 and shows how much unemployment has changed. The West Midlands now has the top 5 unemployment areas in the whole of the UK and by hovering over your area you can find out the unemployment rate. Worth a look
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Old January 17th, 2010, 10:08 PM   #42
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Found this on another forum. An amusing take on the credit crunch / bank bailout

Heidi is the proprietor of a bar in Detroit . She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later.

She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Heidi's "drink now, pay later" marketing strategy and, as a result, increasing numbers of customers flood into Heidi's bar. Soon she has the largest sales volume for any bar in Detroit

By providing her customers' freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Heidi's gross sales volume increases massively

A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi's borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

At the bank's corporate headquarters, expert traders transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets. Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.

Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar.

He so informs Heidi.

Heidi then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since, Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs.

Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Heidi's bar had granted her generous payment extensions and had invested their firms' pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion dollar no-strings attached cash infusion from the Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers.
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Old January 17th, 2010, 11:30 PM   #43
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Very good, a nice consice description of the banking crisis
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Old March 17th, 2010, 06:56 PM   #44
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http://news.bbc.co.uk/1/hi/business/7789784.stm

Updated version of the unemployment figures. Great to finally see the west midlands doesnt occupy ALL the top 5 worst unemployed areas in the UK anymore with Erdington dropping out. However Ladywood has risen 0.1% to 11.6% but Hodge hill and spark brook has dropped 0.1%
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Old March 17th, 2010, 07:28 PM   #45
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While the BBC have provided some useful tools to look at unemployment they unfortunately dont track job creation and total employment at regional level. Right now we have a farcical situation (UK wide) where statisticaly 'unemployment' and 'employment' both are falling at the same time. - If you are struggling with that concept what it means is that the number of people who are actively looking for work is falling but so are the number of people actually working - the gap in the middle is growing with thousands of people sliiping going on to education/training (good) but many more going onto incapacity benefits, taking early retirement, working shorter hours than they would like, or simply giving up looking for work all together (all bad from an economic point of view) - with that context - that the headline unemployment rate is falling - this is good news but barely!

Whether therefore the falling unemployment figures in the West Mids are really good news or just hiding a continuation of a bad situation is not really clear from these stats. Any one who wants to know the answer - and i might look later on - can dig up the answers from the ONS (Office for National Satistics)
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Old March 18th, 2010, 02:35 AM   #46
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The answer to my earlier post as to whether declining unemployment in the West Midlands (region) represented an actual increase in the number of jobs is, unfortunately, no.

http://www.statistics.gov.uk/pdfdir/lmsuk0310.pdf

The most recently published quarter on quarter change in employment levels (comparing the three months of August - October with November to January) shows that there has been no net increase or decrease in 'employment' - ie the total number of jobs has remained unchanged. This is actually the best set of figures in the UK as over that period every other region except Wales lost jobs.

The headline figures for the West Midlands (region) being:
Employment 2.425 million jobs, 70.3% of the Work force, +/- 0%
Unemployment 254,000 people, 9.5%, - 0.6%
Economically Inactive* 722,000 people, 22.1%, +0.5%

* i.e. in education, moved to other benefits or gave up looking for work (e.g. became a house wife) ... etc
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Life doesn't owe you anything! YOU owe life!
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Old May 2nd, 2010, 07:50 PM   #47
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Two updates:

http://news.bbc.co.uk/1/hi/business/7789784.stm Updated to show march unemployment rate, the Top 4 have all dropped a few percent so good news.

http://www.birminghampost.net/news/p...5233-26362802/ An article on unemployment in Birmingham giving figures for job seekers claimant by percentage in areas, quite shocking really

Quote:
Adults claiming Jobseekers’ Allowance (per cent)
Aston 29.5
Washwood Heath 29.3
Nechells 26.2
Lozells & East Handsworth 25.3
Sparkbrook 24.9
Soho 22.2
Bordesley Green 19.9
Kingstanding 17.8
Shard End 17.4
Sutton Trinity 4.8
Sutton New Hall 4
Sutton Four Oaks 3.6
Sutton Vesey 3.8
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Old May 3rd, 2010, 07:06 PM   #48
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and remember that doesnt even include people on other benefits who arent working.
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Old May 3rd, 2010, 08:09 PM   #49
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Or those who are claiming no benefits.

I'm self employed, but work has been quiet since February. Looking for a full time job is almost impossible, had interviews, but I'm usually over qualified or under experienced (or both).
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Old May 3rd, 2010, 09:44 PM   #50
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Originally Posted by SimonTheSoundMan View Post
Or those who are claiming no benefits.

I'm self employed, but work has been quiet since February. Looking for a full time job is almost impossible, had interviews, but I'm usually over qualified or under experienced (or both).
what do you do?
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Old May 3rd, 2010, 09:51 PM   #51
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Quote:
Originally Posted by sefton66 View Post
http://www.birminghampost.net/news/p...5233-26362802/ An article on unemployment in Birmingham giving figures for job seekers claimant by percentage in areas, quite shocking really
This was an interesting comment from your second link. So much for immigration being a benefit to the country

"On average, Muslim unemployment is three times the average of the city. Asian and African Caribbean men and women are more likely to be out of work than their white counterparts and usually remain unemployed for a longer period of time. Almost one-third of black Caribbean, black African and white Irish claimants have been receiving Jobseekers’ Allowance for more than a year compared to just under a quarter for white British, according to the latest figures"
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Old May 3rd, 2010, 10:10 PM   #52
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That piece about Detroit reminded me of the fascinating film by Julien Temple about the effects of the recent recession in that City - was on BBC2 a few weeks ago. Shares many comparables to Brum, being a former industrial powerhouse which is now in a right mess.

A city built for 2 million people with less than 1 million currently living there. Like a ghost town with empty highways and some city centre sites being returned to agriculture with people living off the land! If you get chance to see it do so.
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Old May 4th, 2010, 04:40 PM   #53
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Was that "Requiem for Detroit"?

I have a friend from Detroit. She has never been to the worse parts of Detroit and never really knew there were so many problems.
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Old May 4th, 2010, 10:35 PM   #54
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Quote:
Originally Posted by KHvillan View Post
That piece about Detroit reminded me of the fascinating film by Julien Temple about the effects of the recent recession in that City - was on BBC2 a few weeks ago. Shares many comparables to Brum, being a former industrial powerhouse which is now in a right mess.

A city built for 2 million people with less than 1 million currently living there. Like a ghost town with empty highways and some city centre sites being returned to agriculture with people living off the land! If you get chance to see it do so.
I too can easily see the similarity with Detroit and Birmingham/Brum, I seen some Motown prgramme a while ago and when watchign I was thinking this stuff is happening here in Birmingham but on a smaller scale but is still causing a big impact.
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Old May 5th, 2010, 11:45 AM   #55
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So much for immigration being a benefit to the country
WTF? Read up on your history!

Birmingham is an immigrant city and always has been - how else could a small hamlet on the River Rea have grown so spectacularly - it certainly wasn't form natural growth. Birmingham has welcomed (internal and external) immigration for centuries - and benefitted from it.

The ethnic groups commented on in that article are mostly second-generation in terms of population, and so not immigrants anyway - but the vast majority of their parents came to the UK because we invited them to - to fill the gap in employment in post-war boom years, and to do the jobs the locals didn't and to do - and without them Birmingham's industry would have started its decline a few decades earlier.

Similarly our hospitals would grind to a halt without immigration form all over the world. We wouldn't have enough doctors and nurses.

The problems with unemployment in Birmingham and Britain at large have not been caused by immigration. High unemployment amongst minority ethnic groups is not a sign that they can't or won't contribute to our society - it is a reflection - as with unemployment in general - of the crap way successive governments have managed education and skills as well as the economy. It's also a reflection of how we took our eyes off the ball. In the fifties and sixties we seemed to be in an unassailable position economically. Then we p*ssed away that advantage.

I hate this attitude that immigrants are useful when we need them, but when the going gets tough they can 'eff off.
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Old May 5th, 2010, 08:50 PM   #56
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All borders are artificial creations they are not 'moral' or 'natural' barriers - most are artificial constructs of countries that have cropped up only over the last couple of hundred years. Britain is surrounded by natural barrier (sea) but that was not a barrier to immigration until recently. It wasn't a barrier for the Romans, Celts, Angles, Saxons, Danes and other Vikings, Normans or even later on the Hugenots.

Borders are never 'moral' concepts simply pragmatic ones. It is only the unnecessary reverence placed upon the nation state over the last couple of hundred years that creates the excuse for the most common far right mentality that 'Britain is full' .

I'm not arguing for no borders as that would cause chaos if we just opended up to all (a pragmatic point of view) however people need to realise that migration is not a single issue which can be unlinked from war, poverty, famine or economic growth in the rest of the world - and that just because there is 20 miles of sea between Britain and mainland Europe doesn't mean our societies responsibilities stop there.
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You were born poor, naked and helpless. Everything in your life was given to you, the food you ate, the clothes you wore, the shelter you received. Most importantly of all you received an education.

You were given this because people loved you, because people you never knew worked to feed you and long before you were born people died to protect you and to give you the opportunities they never had.

Life doesn't owe you anything! YOU owe life!
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Old May 5th, 2010, 08:52 PM   #57
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double post
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You were born poor, naked and helpless. Everything in your life was given to you, the food you ate, the clothes you wore, the shelter you received. Most importantly of all you received an education.

You were given this because people loved you, because people you never knew worked to feed you and long before you were born people died to protect you and to give you the opportunities they never had.

Life doesn't owe you anything! YOU owe life!

Last edited by Engels; May 5th, 2010 at 09:12 PM.
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Old May 5th, 2010, 11:57 PM   #58
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Quote:
Originally Posted by soapbox View Post
WTF?
The problems with unemployment in Birmingham and Britain at large have not been caused by immigration. High unemployment amongst minority ethnic groups is not a sign that they can't or won't contribute to our society - it is a reflection - as with unemployment in general - of the crap way successive governments have managed education and skills as well as the economy. It's also a reflection of how we took our eyes off the ball. In the fifties and sixties we seemed to be in an unassailable position economically.
Immigration, I agree, wasn't a cause at all, but Britain's economy in the 1960s was in a pretty bad state.

In fact Britain's post-war growth was low, and by the 1960s we were borrowing heavily from the IMF (More than any other country) and spending and inflation were out of control, something that lasted for another few decades - perhaps this was due to the "Keynsian" approach of government spending to keep people in jobs which does cause inflationary problems. Governments in the 1960s and 1970s struggled with horrendous problems of endless "boom and bust" (Ho ho ho Gordon) which in itself isn't bad, as sometimes the old needs to go, not be propped up.

Post-war governments didn't modernise industry (Even though they knew it had to be done), which is perhaps where the problems began, and they manifested themselves in a major way during the sixties and seventies when UK industry simply could not compete with competitors. Inflated wages thanks to the unions didn't help, either.

We also lost markets as well as Commonwealth countries became industrialised or traded with other countries. There's no evidence that education is a major cause of this decline - especially in the light of the Brain Drain that happened in the same period of time.
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Old May 6th, 2010, 12:32 PM   #59
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Birmingham could be next Detroit, warns Bassi
Outspoken entrepreneur Paul Bassi has warned that Birmingham could go the way of Detroit - the US city decimated by the decline of its manufacturing sector - if today’s “weak” leadership continues to prevail. Speaking to Insider, Bassi said: “I am concerned about the West Midlands. The leadership is weak. There needs to be a strong and determined individual at the top. Currently we have all these mini-organisations. We need to put personal agenda aside for greater good.” Bassi, who is president of Birmingham Chamber of Commerce, has wide business interests in the Birmingham area. He is the controlling shareholder of property firm Bond Wolfe and a joint owner of auction house Bigwood. He also owns 20 per cent of Real Estate Investors. “Until we do have strong leadership, with one message, we will never get the big projects – the Commonwealth games, the Capital of Culture, the national stadium and the rest,” he said. “Indeed if we are not careful we could be the next Detroit.”
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Old May 6th, 2010, 07:40 PM   #60
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http://news.bbc.co.uk/1/hi/business/8665062.stm

Land Rover are creating 275 jobs at its Solihull plant with immediate start
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