Joseph Stiglitz is not impressed by the global big-wigs who recently gathered in Davos.
While Western leaders talked about a new emphasis on growth and employment, they offered no concrete policies backing these aspirations. In Europe, there was continued emphasis on austerity, with self-congratulations on the progress made so far, and a reaffirmation of resolve to continue along a course that has now plunged Europe as a whole into recession – and the United Kingdom into a triple-dip downturn.
The Employment and Training Administration, a unit of the US Department of Labor, recently released a series of 10-minute podcasts designed to introduce to key types of economic data. Below is a copy of a podcast that explains unemployment data.
The New York Times reports on the the differing approaches to protecting the privacy of personal data being used in the United States and the European Union.
On this side of the Atlantic, Congress has enacted a patchwork quilt of privacy laws that separately limit the use of Americans’ medical records,credit reports, video rental records and so on. On the other side, the European Union has instituted more of a blanket regulatory system; it has a common directive that gives its citizens certain fundamental rights — like the right to obtain copies of records held about them by companies and institutions — that Americans now lack.
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