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Bathgate Academy Politics and Economics
News feed for students of Higher Politics and Higher Economics
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Miliband to blame for Ukraine crisis, say Tories

Miliband to blame for Ukraine crisis, say Tories | Bathgate Academy Politics and Economics | Scoop.it
Ed Miliband is personally to blame for the current crisis in Ukraine, a senior Conservative minister claims.
Mr Nelson's insight:

Erm , I'm speechless....

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Michael Gove slammed for punishing children with sport

Michael Gove slammed for punishing children with sport | Bathgate Academy Politics and Economics | Scoop.it
Thousands of people sign a petition against Michael Gove's decision to punish children with exercise, after leading athletes, head teachers and even Conservative supporters spoke out against the plans.
Mr Nelson's insight:

Not the best idea Gove has ever come up with...

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Unit 2 Macro: Debt and Deficit explained using coloured sweets

Unit 2 Macro: Debt and Deficit explained using coloured sweets | Bathgate Academy Politics and Economics | Scoop.it
The BBC's Hugh Pym helps us to avoid a common exam mistake - namely confusing debt with deficit..
Mr Nelson's insight:

Hugh Pym tries to explain in this video the difference between debt and deficit - using coloured sweets.

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Charge of the bishops: Religious leaders shock coalition with massed attack on welfare reforms

Charge of the bishops: Religious leaders shock coalition with massed attack on welfare reforms | Bathgate Academy Politics and Economics | Scoop.it
Religious leaders unite to condemn the government's welfare reforms, in an outspoken letter broadening the faith community's assault on the coalition
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Judges defy Strasbourg over life sentences

Judges defy Strasbourg over life sentences | Bathgate Academy Politics and Economics | Scoop.it
A panel of five judges have defied the European court of human rights (ECHR) by backing whole-life sentences.
Mr Nelson's insight:

The point here is one of rights: should the state be allowed to incarcerate someone without hope of parole or review? The ECHR says no: the judges - and the Coalition govt - say yes. There are currently 56 people in England and Wales facing 'whole life' tariffs.

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Pay and Productivity

Pay and Productivity | Bathgate Academy Politics and Economics | Scoop.it
David Smith's weekly column in the Sunday Times yesterday is worth getting hold of, to study the conundrum around stagnant productivity and rising employment. He uses data from the ONS to look at average weekly real wages, which started falling in 2008 and are still falling now, to consider whether.
Mr Nelson's insight:

Why is unemployment falling, but productivity stagnant?

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What’s that got to do with the price of ... almonds?!

What’s that got to do with the price of ... almonds?! | Bathgate Academy Politics and Economics | Scoop.it
A great case study on the BBC about what has been driving up the price of almonds. Plenty of topics to explore in here: agricultural supply, determinants of demand, derived demand (almond milk), monopoly power, capital intensive production and maybe more..
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Drugs and Prostitution to be included in GDP

Drugs and Prostitution to be included in GDP | Bathgate Academy Politics and Economics | Scoop.it
EU rules elements of the ‘black’ or ‘parallel’ economy to be included in calculation of UK GDP.
Mr Nelson's insight:

Should they be excluded? What if they are legal in that country? But then how can you accurately compare GDP between countries when the 'base' of comparison is so different?

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Regulatory Capture: Coca-Cola

Regulatory Capture: Coca-Cola | Bathgate Academy Politics and Economics | Scoop.it
Always on the lookout for good examples of regulatory capture...Regulatory capture is a political economy concept. It is encapsulated in a theory associated with George Stigler, a Nobel laureate economist. It is the process by which regulatory agencies eventually come to be dominated by the very industries they were charged with regulating..
Mr Nelson's insight:

Great examples of regulatory capture - when governments can no longer be separate from the companies or industries they are investigating.

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Eurozone countries should form United States of Europe, says EC vice-president

Eurozone countries should form United States of Europe, says EC vice-president | Bathgate Academy Politics and Economics | Scoop.it
Viviane Reding calls for full fiscal and political union for 18 eurozone countries but says UK should remain apart
Mr Nelson's insight:

Another great piece for Unit 3

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Government looks to abandon use of Microsoft Office to save money

Government looks to abandon use of Microsoft Office to save money | Bathgate Academy Politics and Economics | Scoop.it
It was announced yesterday that the Government is planning to abandon its use of expensive software such as Microsoft Office (see article in the Guardian here) partly as a way of reducing costs but also as a means of breaking some of the software company's 'oligopolistic' stranglehold on the market.As well.
Mr Nelson's insight:

Do you still use Microsoft Office?

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Forward guidance: it's complicated - Economics weekly

Forward guidance: it's complicated - Economics weekly | Bathgate Academy Politics and Economics | Scoop.it
Floods and severe weather grabbed the headlines this week in the UK but away from the front pages the Bank of England delivered some important, if somewhat complicated, messages on monetary policy.
Mr Nelson's insight:

Summary of economic news from RBS

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Ukip has a sell-by date... and it's May 2015

Ukip has a sell-by date... and it's May 2015 | Bathgate Academy Politics and Economics | Scoop.it
The by-election last week was a disaster for the UK Independence Party. The party rode a wave of hostility to politics and of hostility to the European Union, and now the two waves are subsiding. I doubt now that Ukip will ever establish itself as a serious force. There simply isn't the time before the general election, and after the election everything will be different. It will be like the effect of climate change: Ukip will be driven to extinction by the destruction of its habitat.
Mr Nelson's insight:

Wise words from Rentoul - a journalist who has always been close the Lib Dems and New Labour

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Tories rebrand themselves as the 'Workers' Party'

Tories rebrand themselves as the 'Workers' Party' | Bathgate Academy Politics and Economics | Scoop.it
The Conservative Party rebrand themselves the "Workers' Party" in an attempt to change their image as a party for the rich.
Mr Nelson's insight:

April the First seems to arrive earlier each year...

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Queen and Prince Charles using power of veto over new laws, Whitehall documents reveal - Telegraph

Queen and Prince Charles using power of veto over new laws, Whitehall documents reveal  - Telegraph | Bathgate Academy Politics and Economics | Scoop.it
The Queen and Prince Charles are using their little-known power of veto over new laws more than was previously thought, according to Whitehall documents.
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UK debt and deficit: All you need to know

UK debt and deficit: All you need to know | Bathgate Academy Politics and Economics | Scoop.it
Mr Nelson's insight:

Not sure what the difference is between the deficit and debt? Read on...

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Robert Peston - How China Ruled the World

Robert Peston - How China Ruled the World | Bathgate Academy Politics and Economics | Scoop.it
Robert Peston looks at the astonishing investment in urban infrastructure in China in recent years - 30 new airports, 26,000 miles of motorways and a new skyscraper every five days have been built in China in the last five years - required viewing for those interested in a key aspect of.
Mr Nelson's insight:

Well worth watching or catching later on iPlayer.

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Speaker takes on the PMQs 'wall of noise'

Speaker takes on the PMQs 'wall of noise' | Bathgate Academy Politics and Economics | Scoop.it
John Bercow declarwa war on the "orchestrated barracking" of prime minister's questions
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Mark Carney redfines the MPC’s role again.

Mark Carney redfines the MPC’s role again. | Bathgate Academy Politics and Economics | Scoop.it
He might have only had his feet under the Governor's desk for 8 months but BOE Governor Carney has announced changes to the role of the MPC for a second time as forward guidance has been overhauled..
Mr Nelson's insight:

All you ever wanted to know about Mark Carney and Forward Guidance

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Government underestimates the amount of student loans that are likely to be paid back

Government underestimates the amount of student loans that are likely to be paid back | Bathgate Academy Politics and Economics | Scoop.it

According to a report published by the Parliamentary Public Accounts Committee, the Government are currently underestimating how many students will actually pay back their university loans over the coming decades.  Currently, the Government estimates that between 35 and 40% of loans to Higher Education students are never paid back -.

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Alcohol Floor Price Scheme Announced for England & Wales

Alcohol Floor Price Scheme Announced for England & Wales | Bathgate Academy Politics and Economics | Scoop.it
This will be an excellent case study to use when you're discussing the issues around minimum prices to solve the problem of externalities..
Mr Nelson's insight:

Minimum pricing and all its effects

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Former Barclays bankers charged over Libor allegations

Former Barclays bankers charged over Libor allegations | Bathgate Academy Politics and Economics | Scoop.it
The three men are the first former or existing Barclays staff named in criminal proceedings linked to interest rate fixing allegations
Mr Nelson's insight:

LIBOR was probably the worst example of banking corruption and fraud. A real scandal which affected all of us.

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Building a Future for Chocolate

Building a Future for Chocolate | Bathgate Academy Politics and Economics | Scoop.it
Here is a short video on the challenges and opportunities facing cocoa producers across the world but especially in sub Saharan Africa which accounts for 70% of global production. Supply is struggling to keep pace with rising world demand and there have been some structural declines in production in several.
Mr Nelson's insight:

Very useful case study for Unit 3

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Does Facebook have a Future?

Does Facebook have a Future? | Bathgate Academy Politics and Economics | Scoop.it
So farewell, then, Facebook! That is the conclusion of a highly technical paper by two Princeton researchers, John Cannarella and Joshua Spechler, which received a lot of publicity in the press last week. The authors conclude that “Facebook will undergo a rapid decline in the coming years, losing 80 per.
Mr Nelson's insight:

No future for Facebook?

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John Bercow interview: The Speaker’s mission to make sure people are heard

John Bercow interview: The Speaker’s mission to make sure people are heard | Bathgate Academy Politics and Economics | Scoop.it
For a man who, with some justice, prides himself on being a serious reformer as Commons Speaker – not least in strengthening the scrutiny and accountability of the executive to MPs – John Bercow is relatively cautious about the story so far. He estimates that “we are at best about a third of the way to recovering the reputation of parliament and restoring the centrality of the legislature.”
Mr Nelson's insight:

One for the Bercow fans out there

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