Obama Economy Fix



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Eurozone unemployment adds to gloom ahead of polls

Financial markets are braced for a rocky ride next week if voters in France and Greece strike a blow against the centrally imposed deficit targets that have been at the heart of Europe's response to the debt crisis over the past two year Rising unemployment and plunging business confidence in the euro area revealed the increasingly fragile state of the region's economy on Wednesday, as voters in France and Greece prepare to deliver their verdict on austerity in Sunday elections. Official figures showed that unemployment across the 17-member single currency zone increased by 169,000 in March, for the 11th consecutive month, to hit 17.37m. The unemployment rate was 10.9%, the highest level in its history. Even in Germany, which has so far largely escaped unscathed from the downturn sweep of the labour market, unemployment began to tick up in March, though it remained at just 5.6% of the workforce. There was also evidence that businesses are being hit by what many analysts expect ...
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Knife crime and gang violence on the rise as councils reduce youth services

Gang crime is on the rise after what some experts, including the children's minister, call 'disproptionate cuts' to youth services UK cities should brace themselves for a summer of gang and knife violence as the impact of cuts to youth services takes hold, experts are warning. Youth violence is already increasing in London. Figures given to the Guardian reveal that serious youth violence increased by 4% year on year across the capital, with a 9.6% hike in knife crime. There are fears that deep reductions in youth service budgets, particularly to programmes that divert inner-city youths away from gangs and knife crime, could have a devastating impact on crime levels. Professor John Pitts , who advises several London local authorities on gangs and violent crime, warned that inner cities were likely to experience increased crime as the holidays begin. "If you cut summer activities for young people as night follows day you will see an increase in crime," he said. ...
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