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In 1931, John Maynard Keynes published a short essay entitled “Economic Possibilities for Our Grandchildren” in which he considered the feasibility of solving what he called “the economic problem”. According to Keynes, the issue of scarcity ought to have been dealt with by the early 21st century. Decades of capitalist progress would leave society with
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Eon has ruled out extending the life of its nuclear power plant in Germany, even as Europe’s largest economy prepares for the rationing of energy supplies and to wean itself off Russian hydrocarbons. “There is no future for nuclear in Germany, period,” said chief executive Leo Birnbaum. “It is too emotional. There will be no
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Lawyers are anticipating a new wave of litigation related to the Covid-19 pandemic over the next two years, a new survey has found. The London Solicitors Litigation Association (LSLA), which represents the capital’s main litigation practices and law firms, found that 78 per cent of lawyers questioned expected a rise in Covid-related claims. The study
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This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: Growth, unemployment, inflation, labour market, living standards, real wage Click to read the article below and then answer the questions: Underlying UK wage growth lower than headline figures, think-tank warns What is meant by
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The largest US banks are set to report their biggest slowdown in investment banking revenue in years next week, as the dealmaking engine that helped propel Wall Street to record profits last year sputters. Banks started the year braced for a slowdown in dealmaking activity following a blockbuster 2021 supported by markets and widespread stimulus
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The UK housing secretary is set to claim an important victory in his battle to resolve England’s building safety crisis this week, having pressed developers into setting aside more than £2bn to fund critical repairs. Michael Gove’s hardball approach towards builders has paid off, with all publicly listed developers committed to a government pledge to
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French voters began casting their ballots on Sunday in the first round of a presidential election in which far-right leader Marine Le Pen is mounting a strong challenge to the incumbent Emmanuel Macron. A victory for Le Pen, who is sceptical about the EU and Nato and has in the past boasted of her ties
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Just over a week ago, the United Nations made an announcement that prompted a biting put-down from a climate journalist named Megan Darby. “Ban the UN from naming things. I’m serious,” wrote Darby, after the UN launched an anti-greenwashing unit that it called the “High Level Expert Group on the Net-Zero Emissions Commitments of Non-State
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