Osborne’s cuts challenged by Oxford consultancy

first_imgOxford Economics, an Oxford-based consultancy, has challenged the coalition government’s commitment to implementing spending cuts. The consultancy firm reported that the government budget deficit will fall naturally at a much faster rate than initially predicted, reducing the need for the austerity package.The report focused on the output gap: the difference between Britain’s actual GDP and potential GDP. While the output gap was believed to be 1.8 per cent of GDP, Oxford Economics has estimated that it is in fact over twice as large, at 5 per cent. A larger output gap means more potential for economic growth.The report comes just weeks after the chancellor George Osborne warned that another £25bn of spending cuts needed to be made after 2015. If true, the report would invalidate Mr Osborne’s arguments for the need to make further spending reductions.Students remain divided on the issue of spending cuts. Jack Matthews commented in his capacity as OUCA President that, “Dealing with the deficit and debt is the only way to return Britain to a strong economy. For the benefit of hardworking people everywhere, it is crucial that the government stick to their long-term economic plan.”OULC Co-Chair Dan Turner responded, “Since the general election it has been clear that the government has been motivated by an antiquated and destructive ideology. By pushing for premature and severe cuts to capital spending, they caused an avoidable double-dip recession.”Andrew Goodwin, senior economist at Oxford Economics and co-author of the IFS report, said, “The medicine of austerity could end up being applied in a dose higher than the patient actually needs.”It is also possible that the output gap doesn’t imply anything about the level of spending cuts needed. Dr Ian Jewitt, an Economics fellow at Nuffield College, stated, “Whether they are right or wrong about the output gap, I’d have thought that issue was second order of importance for the necessity of cuts […] what happens to the world economy will be more important than the output gap.”Dr Jewitt pointed out that other factors such as the Eurozone turmoil are crucial in determining British economic growth, and as such we cannot expect higher growth simply because there is an output gap.One PPE finalist told Cherwell, “Everyone knows no one knows anything about macroeconomics. We just have to pretend that we do.”last_img read more

Sexual assault reported on campus

first_imgNotre Dame Security Police (NDSP) is investigating a report of sexual assault committed in the early hours of Friday morning, according to an email sent to students at 2:45 p.m. Friday.The reported assault occurred in a South Quad men’s residence hall, the email stated.The email quoted “du Lac: A Guide to Student Life,” Notre Dame’s official policy book, and warned students of the risks of sexual assault as well as the standards of consent.“Sexual assault can happen to anyone,” the email said. “Anyone initiating any kind of sexual contact with another person must seek consent and not engage in sexual contact unless consent is given.“On college campuses, perpetrators are more likely to assault an acquaintance than a stranger. Being aware of your own safety and watching out for your friends are important steps you can take to reduce the risk of sexual assault.“Being aware of your own safety and watching out for your friends are important steps you can take to reduce the risk of sexual assault.“The perpetrator, not the survivor, is responsible for any instance of sexual assault. Nothing a survivor does or does not do is an excuse for sexual assault.”Tags: NDSP, sexual assaultlast_img read more

Wellington receives 3.8 inches of rain over weekend

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Sumner Newscow report — Wellington received 3.8 inches of rain over the weekend. The total is 10.3 inches for the month of September. Follow us on Facebook.Follow us on Twitter.last_img read more

Southland Women’s Basketball 2018-19 Preseason All-Conference Teams Released

first_imgNicholls and Lamar each secured two preseason spots while Abilene Christian, Incarnate Word, Houston Baptist, Central Arkansas, Stephen F. Austin and Texas A&M-Corpus Christi each earned one distinction. Amanda Johnson* Houston Baptist G Sr. Georgetown, Texas All 26 men’s and women’s head basketball coaches will be in attendance for Q&As at the Southland Basketball Social Media Day and interactive social media activities on the Southland’s Twitter, Instagram and Facebook accounts. The event is open to all media members. Imani Robinson, a junior at Incarnate Word, averaged 12.7 points per game and 4.8 rebounds last year. First Team School Pos. Class Hometown Senior guards Chastadie Barrs and Moe Kinard, who will comprise the Cardinals’ starting backcourt, are part of the five-guard preseason first team. Barrs has won the league’s Defensive Player of the Year award an unprecedented three times. The second team is headlined by senior guards Chanell Hayes of Stephen F. Austin, Amanda Johnson of Houston Baptist and Kamry Orr of Central Arkansas.  A pair of juniors round out the second team in guard Tykeria Williams of Nicholls and Emma Young of Texas A&M-Corpus Christi. Chanell Hayes Stephen F. Austin G Sr. Texarkana, Texas Chastadie Barrs* Lamar G Sr. DeSoto, Texas Moe Kinard* Lamar G Sr. New Iberia, La. Kamry Orr* Central Arkansas G Sr. Little Rock, Ark. Imani Robinson* Incarnate Word G Jr. Round Rock, Texas Barrios had a career year in which she helped claim the Colonels’ first Southland Conference Tournament championship and first trip to the NCAA Tournament. She finished the season third in the conference for points per game (17.3) and rebounds (9.1) and second in steals per game (2.9), blocked shots (1.5) and three-point field goal percentage (.400). She is joined on the preseason teams with six other automatic selections who were all-conference picks last season.center_img Cassidy Barrios* Nicholls G Sr. Raceland, La. *  Automatic Selection, 2017-18 All-Conference Team Member Tykeria Williams Nicholls G Jr. Montgomery, Ala. Southland broadcasters Carley McCord and Lincoln Rose will also host the coaches for a show produced for ESPN3. The show will debut Wednesday, Oct. 10 at 6 p.m. CT, and be archived for later viewing. Breanna Wright* Abilene Christian G Jr. Jarrell, Texas FRISCO, Texas – Nicholls’ Cassidy Barrios, the 2017-18 Southland Women’s Basketball Player of the Year, leads the 2018-19 Southland Conference Preseason All-Conference Teams, the league announced Tuesday. The news comes ahead of the 2018 Basketball Social Media Day scheduled for tomorrow in Houston at the Toyota Center starting at 9 a.m. CT. Emma Young Texas A&M-Corpus Christi G/F Jr. Nicholsville, Ky. Second Team School Pos. Class Hometown ACU’s Breanna Wright played the most minutes in the conference last year and the 58th most in Division I, avergaing 36.37 minutes per game. 2018-19 Southland Conference Women’s Basketball Preseason All-Conference Teams The preseason teams were chosen by a poll of the conference’s head coaches and sports information directors. Voters were not allowed to select their institution’s players.last_img read more