US jobs report eases economy fears – FT.com

English: The Fall of the Berlin Wall, 1989. Th...

English: The Fall of the Berlin Wall, 1989. The photo shows a part of a public photo documentation wall at Former Check Point Charlie, Berlin. The photo documentation is permanently placed in the public. Türkçe: Berlin Duvarı, 1989 sonbaharı (Photo credit: Wikipedia)

City-State Berlin in Germany and EU.

City-State Berlin in Germany and EU. (Photo credit: Wikipedia)

There is good new about jobs in the US, reported in the Financial Times.

via US jobs report eases economy fears – FT.com.

With focus on global unemployment this week and the Lost Generation of young people, many will ask why is Europe so far behind the US coming out of the recession?

Just how much of the blame for European unemployment is attributable to austerian policies emanating from Berlin?

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Who Is Defending Austerity Now? – Matthew O’Brien – The Atlantic

English: George Osborne MP, pictured speaking ...

English: George Osborne MP, pictured speaking on the launch of the Conservative Party manifesto for the 2009 European Parliament elections, at Keele University. (805×1207 px, 283,711 bytes) (Photo credit: Wikipedia)

English: David Cameron's picture on the 10 Dow...

English: David Cameron’s picture on the 10 Downing Street website (Photo credit: Wikipedia)

This is an excellent and highly readable article. It’s well worth a read. Check it out!

Who Is Defending Austerity Now? – Matthew O’Brien – The Atlantic.

For UK readers, the picture at the top of the article of David Cameron and George Osborne smiling is disturbing.

The David Cameron/George Osborne duo have brought huge economic pain to the UK nation. Reading the article, one gets the impression that some of the pain was avoidable. Surely, this very politically savvy duo must now jump ship and perform  a U-turn away from focus on austerity?

via Who Is Defending Austerity Now? – Matthew O’Brien – The Atlantic.

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