The Implosion of the Brussels Economic Consensus.

Underlying the current political crisis of EU is a decade of cumulative malaise produced by low growth, high unemployment and welfare cuts. The poor economic record of the core Eurozone states is attributable neither to supply-side sclerosis nor top-heavy welfare, but rather to the ECB’s obsession with inflation and the fiscal strait-jacket imposed by the Stability and Growth Pact (SGP), referred to here as ‘Brussels Consensus’ economics. The paper critically examines the SGP rules, argues that the 2005 SGP compromise reached at Luxembourg has not addressed the fundamental problem of Europe’s asymmetric economic institutions, and proposes radical remedies.Eurozone growth; unemployment; Maastricht; EIB; SGP rules; EU fiscal and monetary policy; neo-liberal Brussels consensus.

Inequality and the Anglo-American Economic Model

The rollback of the state and the redistribution initiated during the Reagan-Thatcher period in the US and Britain has resulted in these countries being the least egalitarian in the OECD, with wages increasingly de-coupled from productivity growth and gains accruing to top CEOs. The view that inequality is attributable solely to the new premium on human capital is challenged; it is argued that inequality has resulted from mainly from personal tax breaks and the corporate drive for ‘shareholder value’. The social costs are evident from the sociological and epidemiological evidence. Equally, inequality has helped fuel US consumer spending, facilitated by low interest rates, holding gains and credit deregulation. The result is a ‘triple deficit’. The risk is that by relying exclusively on market-led devaluation, a crisis of confidence will result; righting financial imbalances requires not merely a Plaza-type solution, but a major reversal in the growth of inequality.

Employment creation, technological efficiency, and distributional judgements : a case study in road construction / [by] G.W. Irvin

The present article is concerned with the relationship between distributional and efficiency criteria and the objective of employment creation in a single sector, that of road construction. The work is based on a series of case studies carried out in Iran, one such study being presented here, in which the potential for substituting labour for equipment is explored and techniques of social benefit-cost analysis applied to determining technology selection. Optimal factor use and hence employment is shown to depend, inter alia, on explicit judgements concerning income distribution

A hardware and software interface between a graphics terminal and the SCC 650 computer

This paper describes the design of a digital interface between a graphic terminal and the SCC-650 computer. The graphic terminal-computer combination can be used as a stand alone system for small applications or can be used as a satellite processor for a larger system such as the IBM System 360, The interface is designed utilizing DTL NAND type integrated circuits. Its primary functions may be divided into three main categories: (1) to give level conversion, (2) control, and (3) data manipulation. All requests for data transfers are initiated by the computer, the interface then assumes a control mode which handles the data transfer to or from the graphics terminal. Once the transfer is complete, the computer is notified that it may initiate another request. Data is converted from bit serial to parallel word form by the interface during the data transfer. A function keyboard has been implemented which may transfer any one of 2048 different command words to the computer. A software package was written in SCC-650 Assembler which will utilize the graphics terminal as an input/output processor for an electronic circuit design program such as ECAP or CIRCUS, This program will allow a user to draw the exact circuit to be analyzed on the graphics terminal and then ask for specific results to be displayed in either numerical or graphical form, The circuit may then be changed by adding or deleting elements and re-analyzed --Abstract, page ii

Closed-Cycle, Frequency-Stable CO2 Laser Technology

These proceedings contain a collection of papers and comments presented at a workshop on technology associated with long-duration closed-cycle operation of frequency-stable, pulsed carbon dioxide lasers. This workshop was held at the NASA Langley Research Center June 10 to 12, 1986. The workshop, jointly sponsored by the National Aeronautics and Space Administration (NASA) and the Royal Signals and Radar Establishment (RSRE), was attended by 63 engineers and scientists from the United States and the United Kingdom. During the 2 1/2 days of the workshop, a number of issues relating to obtaining frequency-stable operation and to the catalytic control of laser gas chemistry were discussed, and specific recommendations concerning future activities were drafted

The Ursinus Weekly, October 22, 1934

Bears upset strong F. & M. team, 6-0 • Big crowd back for eventful day • Many try out for Weekly positions • Double door to be annual Schaff play • Walter Wilson to speak at Weekly staff meeting • Male students to sponsor recreational program, Nov. 6 • Webster Forensic Club to meet tomorrow noon • Reformed churches hold conclave in Collegeville • Last year\u27s Ruby given first class honor rating • Women\u27s Club gives tea • What religion can be • Lighting system in library will be more economical • International Relations Club to meet tomorrow evening • Twenty-five new members chosen for Curtain Club • Registrar begins work enrolling new students • Panel discussion featured at joint Y.M.-Y.W. meeting • Talking motion picture on energy given last Tues. • Student treasurers told how to record expenses • Mock cabinet meeting given by women\u27s Debating Club • Mathematics group holds initial meeting October 16 • Annual freshmen banquet held last Monday night • Muriel Lester to address students in near future • Dickinson expects offense to click against grizzlies • Frosh footballers lose opener to Perkiomen Prep • Baker\u27s bear booters beat fighting foemen from F. & M. • Men\u27s tennis tournament slowly nears completion • Old timer\u27s hold hockey team to tie score of 3-3 • Curtis Hall still holds lead as dorm football continues • Grizzly harriers subdued by well-balanced F. & M. team • Ernest E. Quay speaks at rousing pep meeting • Grizzly gridder appears at initial home contest • Breakfast held for froshhttps://digitalcommons.ursinus.edu/weekly/1970/thumbnail.jp