The net figure here is calculated by deducting the “get worse” total from the “will improve” and the chart shows how this has noved since 1988. Thus this month just over half (53%) think the economy will get better over the next 12 months (+2 from April), 31% worse (-5), giving a net Economic Optimism Index score of +22.
Comments
Who the heck are these people?
Short of a war, new pandemic, asteroid strike or tsunami it can't possibly be worse than the past year.
There are, of course, aliens...
I feel morally obligated to spend that money to help the economy and the people who have struggled these last fifteen months.
#Altruistic
I really hoped that the Black Lives Matter protests would start focussing on things like this rather than problems with police shootings which really do not apply in this country. These injustices still go on; children basically lose their fathers to destitution in foreign countries after they have completed their prison sentences. They are effectively banished under blair era legislation that gives vast powers to the state which are simply exercised in an inhumane way.
Ask yourself - why should people with afro carribbean heritage suffer this fate whereas ethnic white people do not? How is that fair?
There are people, disproportionately black people, that actually suffer banishment and get their lives ruined. No one supports them because they are drug dealers or have committed terrible crimes, but they still have families, and lives are actually ruined in tangible ways (ie they become destitute in third world countries with no local networks to support them), rather than suffering PTSD from microagressions or misspoken language or whatever.
You will find many people posting on here who are oestensibly on my side of the argument (I am definetely not woke) who claim not to be racist but then celebrate the deportation of dual national criminals. I just think this, as much as wokeness, marks the decline of our civilisation.
3 weeks time will take us past 21 June at which point we should have fully reopened domestically so once that's happened the more things can go green the better after that point.
Though I'd expect a big tranche of greens potentially in six weeks time instead. Gets us a few weeks past 21 June and gives the EU nations time to catch up on vaccinations.
I want to avoid the roaring twenties because you know the Wall Street Crash.
https://www.theguardian.com/sport/2021/jun/07/parkrun-return-in-england-set-to-be-delayed-once-again
That 31% might reckon they will be worse off personally? That is believable.
1) They chose not to and are responsible as moral agents
2) It was aliens
Which do you think he would chose?
Where as if you are a bus driver in London, you can hardly move to more than a quite limited distance from the capital with all the costs that incurs.
It might explain why Boris wants a slightly early election.
And of course, with coal, the major freight traffic on Britain’s railways, not moving, and with large stockpiles due to previous overproduction (sound familiar?) it wouldn’t have been that hard to keep the trains moving.
Longer term, by depressing the coal market further it was a catastrophe for the railways, causing a major drop in both traffic and revenue, and effectively kneecapped three of the Big Four while they were still in their infancy. Remember, it was heavy freight that made railways their money before WW1 - not passengers.
How can it be right to have double punishment for one category of dual national criminal (ie prison term + banishment rather than just a prison term)?
(I do agree that this is possibly the least racist country in the world, based on my own experience of other countries)
As my company has embraced fully remote as an option, we have seriously considered moving to eastern Connecticut or Rhode Island to be closer to my wife's family. Sadly, it seems so have half the rest of the NYC tri-state, and while our house here in the 'burbs has rocketed in value over the last year, the areas we're considering have seen their property prices go up even faster.
Plus while we may not go into NYC super-often, it's so good to have it close enough by that we can do so on a whim.
It won't work, because people will put it down to the pandemic and changing working patterns and behaviours.
Less than a quarter of Black Americans had received their first Covid-19 shot as of June 3. That's less than other racial and ethnic groups tracked by the CDC.
https://www.politico.com/news/2021/06/07/vaccine-equity-black-americans-biden-491973
The Biden administration knew the key to a successful Covid vaccination campaign would be reaching the most vulnerable populations. But more than five months in, even a blueprint that’s worked with other ethnic and racial groups isn’t doing enough to win over Black Americans.
Less than a quarter of Black Americans had received their first Covid-19 shot as of June 7 based on available federal data, amid a weeks-long stagnation that has defied the government’s ramped-up effort to accelerate vaccinations and reach the nation’s most vulnerable communities.
The slowdown has put Black Americans behind the pace set over the past month by other racial and ethnic groups tracked by the Centers for Disease Control and Prevention. . . .
The White House has intensified the equity push in the past month in particular, as it races to hit President Joe Biden’s July 4 deadline for getting 70 percent of U.S. adults to take at least one dose of a Covid vaccine.
That initiative has shown signs of success. Over the last two weeks, Hispanic Americans accounted for more than a quarter of total vaccinations, CDC data show, a sharp acceleration from just a month ago, when they ranked as the least-vaccinated demographic group. Asian Americans over that period have also accounted for a greater share of shots, compared with their proportion of the overall population.
The administration only has race and ethnicity information for roughly 62 percent of the nation’s total vaccinations, a data gap that’s further complicated the equity effort.
But by available measures, the government’s outreach has yet to gain similar traction among Black communities . . . .
Health experts cite myriad factors: Ingrained skepticism of a federal government that’s historically failed minorities when it comes to public health, difficulties getting the transportation or time off to seek out a vaccine or a lack of community outreach, among others.
At the same time, Black people in several areas have accounted for an increasing proportion of Covid-19 cases and deaths — including in Washington, D.C., where government data indicate they’ve made up nearly 8 in 10 new cases and close to 90 percent of deaths since May 1.
“We all realize that this is the critical moment in the struggle,” said Reed Tuckson, founder of the Black Coalition Against Covid-19, which is coordinating with the administration on its vaccination campaign. “It’s going to take a lot of effort from a lot of different places.”
I'm saying that's what Jezza would choose. Without it even being an option, that's what he'd choose.
Indeed pent up spending is happening now, but will it be a flash in the pan? While we wait for Furlough to end, it is hard tell.
As a general rule, I invest on the basis that things are rarely as bad as they seem or ever as good as they seem.
I'm all stocked up.
It is Turnbull & Asser and the bespoke tailors of Savile Row that will see the majority of my clothing & footwear spending.
https://twitter.com/MayorofLondon/status/1401974700398501894
The interesting question is, what happens to London weighting? There have been whispers that the civil service might start cutting wages if people refuse to go to the office.
In a funny kind of way, we could end up with some people spending more time in the office. Pre-COVID there was a tendency for more senior members of staff to come and go as they pleased at my place. If we move to a more formal “you need to spend x number of hours at your desk”, some staff members will actually have to do more time in the office as it’ll have to apply to everyone.
Having links instead of embeds has made the site work better, but if there's going to be a splash warning page every link that's going to get very old, very fast.
Edit, well that didn't work
I'm fortunate that I work for a great employer, last March they spared no expense so we could all comfortably work from home, from paying for desks and chairs, and improved broadband/internet connections.
One colleague he and his wife who also worked from home, plus two teenage kids had to share a 37 Mbps internet connection.
Work paid for them to have a second internet connection as well mobile broadband coverage.
I hope you're right, although the logic of that is that sterling is pushed rather high which would hurt our exports.
What people want is the day rate to be the same as the annual rate. What will happen is that there will end up being a single rate (that will look suspiciously like the day rate) and you simply pay for one journey at a time with the option of loading journeys on to a smart card.
*Important to note that this will be an issue for some unfortunate folk, but most will have had the chance of their vaccine very soon.
It is brilliant and looks very reasonably priced.
One reason why Baldwin forced the issue in May 1926 by instructing the owners to lock the miners out was because the government were fully ready for the strike that might spark the revolution and were confident they could defeat it.
And they were right.
Fingers crossed for them
https://www.youtube.com/watch?v=ieSjfurNFw0&t=1800s
“ Recent case data indeed not looking good, it would be folly to open up on 21 June. Were it not for variant delta (first detected in India), there would be no problem in fully opening domestic economy. Wouldn’t even be a serious debate. But here we are… again…”
There’s. No. Way. 21. June. Will. Happen.