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The Road from Serfdom

The Road from Serfdom

The aftermath of the 2008 financial crisis has wage earners unsettled, idled involuntarily and indefinitely. Unprepared either for the hardship of scrimping, or the moments of relief from toil, the unemployed are bewildered. What is in store? Many seek relief anticipating a return to the ‘good times’ of the recent past. In his commentary, Austerity […]

Austerity and Demoralisation

Austerity and  Demoralisation

The high unemployment that we have today in Europe, the United States, and elsewhere is a tragedy, not just because of the aggregate output loss that it entails, but also because of the personal and emotional cost to the unemployed of not being a part of working society. Austerity, according to some of its promoters, […]

Jobs, Hope and La Lengua

Jobs, Hope and La Lengua

Tied snugly into her apron and Dirndl, balancing plates of Schnitzel and mugs of house-brewed beer, Estela Muñoz is a journalist disguised as a waitress, having found a job in Vienna using the English and Spanish that had gotten her nowhere at home. Luckily for her, the traditional Austrian Gasthaus has plenty of international customers. […]

Insurance

Insurance

  Shortly after I moved to Vienna, a group of us sat around in an apartment agonising over one hefty document that claimed to tell us everything we needed to know about insurance. After an hour of pointing and reading and interrupting and arguing, I still came away utterly bamboozled. The following would have helped: […]

Jobs: Inside the United Nations

It often seems impossible for an outsider to get a job at the UN. But is it really? “No,” said Linda Starodub, who recently retired from 30 plus years in the UN system, half of it in human resources, “but… it’s complicated.” There are two basic strata of jobs: There is GS (General Service) and […]

Lost Generation?

The Great Continent has gone through some precarious times. To deal with the debts and imbalances emerging from the financial crisis of 08-09, European governments embraced chilling austerity measures to curb government spending. Too often, young people have borne the brunt of this crisis. Budget cuts and lower investment have curtailed education and later employment […]

Central Europe’s Nationalist Paradox

Central Europe’s Nationalist Paradox

Hungary’s Viktor Orbán, a nationalist? On the contrary. Would he then sign partnership agreements with large foreign investors? And Slovakia’s Robert Fico picking up right-wing voters and thus shifting toward nationalism? Hardly, or he wouldn’t be dedicating so much energy to saving the country’s largest private employer, the U.S. Steel ironworks in Kosice, which the […]

Renate Brauner: Keynesian in the Rathaus

Renate Brauner: Keynesian in the Rathaus

In late February, the West and South sides of the Rathaus were still wrapped in gauze to contain the dust from sandblasting the final layers of soot built up over the decades and the repairing of weather damage to the 1883 city hall’s magnificent Gothic stonework. This is phase one of a major, 11 stage […]

Job Creator Uni Wien

Job Creator Uni Wien

The University of Vienna, Austria’s largest academic institution, creates €1.13 billion purchasing power in Vienna thus creating 4,300 jobs in the Austrian capital, according to a recent study published by the Austrian Academy of Sciences. Its 91,000 students, which make up 5% of Vienna’s citizens, have an estimated total spending power of €827 million, the […]

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