The only thing I learned from reading this is that the BBC is utterly clueless when it comes to covering economics and policy. “The bill includes measures to strengthen the hand of producers, and increase access to funds for small traders.” What does any of this mean?
Does “increasing acces to funds” mean doling out government subsidies? Eliminating bad banking regulations? Reducing interest rates?
And “measures to strengthen the hand of producers” is even more cryptic…lower tax rates? right to shoot striking workers? free grip exercisers?
If there were a contest for worst economic reporting, BBC would win my vote hands down.
The only thing I learned from reading this is that the BBC is utterly clueless when it comes to covering economics and policy. “The bill includes measures to strengthen the hand of producers, and increase access to funds for small traders.” What does any of this mean?
Does “increasing acces to funds” mean doling out government subsidies? Eliminating bad banking regulations? Reducing interest rates?
And “measures to strengthen the hand of producers” is even more cryptic…lower tax rates? right to shoot striking workers? free grip exercisers?
If there were a contest for worst economic reporting, BBC would win my vote hands down.
There is this story in the BBC:
http://www.tomgpalmer.com/archives/042244.php