Daily Archives: January 2, 2012

Nancy Folbre: Overclass vs. Underclass – NYTimes.com

January 2, 2012 By in Central Government, Euro Crisis, Keynesian, Liberal Conservatism, Neoliberal, Politicians, Politics, Public Sector, Public Services Reform, Reform, Unemployment, Yin Yang Tags: , , , , , , , , , 5 Comments
The socio-economic stratification of American ...

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This is an interesting article and well worth a read. It highlights the challenges of polarized America heading towards an election.

Nancy Folbre: Overclass vs. Underclass – NYTimes.com.

What do you think? Where’s the greatest challenge, the “underclass” or the “overclass“?

Whilst Europe does not currently have the same extremes of political polarization, the article is an eye-opener in times of ever-increasing austerity and enormous challenges for youth unemployment.

France and Germany have elections coming soon as well, with voters getting a chance to provide feedback on austerity policies.

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Reflections on a Sunny Winter’s Morning in Cyprus

January 2, 2012 By in Cyprus, Euro Crisis, Photography, Tourism, Travel Tags: , , , , , , 1 Comment
latchi harbour

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Map of Cyprus showing Paphos district. The gre...
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Official seal of Polis Chrysochous
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Unlike yesterday with torrential rain, thunder and lighting, today is really sunny here in Cyprus – by noon temperatures will reach about twenty degrees Celsius.

This morning I am going for a walk into the fishing port/marina of Latchi in Cyprus. It’s very near the Akamas National Park and very old historic town of Polis. This part of Cyprus is quite unspoilt and favoured by the Cypriots. It is getting more popular with UK ex pats who want to move out of busier areas like Paphos.

What is really interesting, at the moment, is that most of the visitors seem to German. This, of course, is a step in the right direction for the effective functioning of the Euro. Unfortunately, the Mediterranean countries need a lot more Germans, Austrians and Dutch to make the Euro viable.

Cyprus used to be very popular with UK tourists but these days Russian tourists are probably more significant – Cyprus is just three hours from Moscow by air compared to four and a half hours from the UK. Interestly, there was a large group of French people in a fish taverna in Latchi the other day.

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