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For Japan's Youth, Recovery Is An Illusion

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http://business.timesonline.co.uk/tol/busi...icle6799333.ece

To the Tokyo markets, the giant pension funds, the government ministries and the recession-weary world in general, Japan today arose encouragingly from a sickbed it had lain in for over a year. For the nation’s 20-year olds, the recovery is all an illusion.

A generation of Japanese, voting in this month’s general election for the first time, view the country as a fairly depressing mess. In a survey conducted for The Times of students in their final year at one of Tokyo’s leading universities, the recession is a tangible feature of daily life and shows little sign of lifting whatever the official numbers say.

Some said they notice it through the grim, unfamiliar experience of finding their friends or themselves laid off from part time jobs - positions and convenience stores and fast-food chains which used to be ridiculously easy to find.

For others it is noticing the rising numbers of homeless people clustered around the railway stations near their old homes, or the fact that their fathers are suddenly round the house during the day. Others still prickle at the little changes – food tastes different because restaurants are economising on seasoning and sauces. Bags of crisps and sweets are less well filled than they used to be. The female students say they are wearing much less make-up; the male ones are skimping on hair gel.

Most unsettling, said many students, has been watching the many ways in which their generation has quietly economised in the face of a plunging sense of wealth. Students who used to think nothing of buying three or four drinks a day from Japan’s ubiquitous vending machines now fill thermos flasks at home with cold tea. Those who used to gather in groups at Starbucks or Tully’s now sidle off and drink Y120 (78p) per cup coffee alone in McDonald’s.

Many of the students, opened their wallets to reveal fat wads of coupons of a sort they never bothered with before –vouchers cut from magazines offering modest savings on everything from an hour of karaoke to a box of rice crackers. A large number, with some embarrassment, admitted that they had become illegal downloaders of music from the internet – a stark break with law-abiding consumer tradition in Japan.

The survey also revealed a generation acutely aware of the many shortcomings of government, particularly where stewardship of the economy was concerned. They despise their own generation’s lack of engagement in politics but lay most of the blame at the country’s “dumbed-down, sensationalised media†and a dearth of real leadership.

Many cited a broad lack of confidence in Japan’s “abilities as a nationâ€, and a deep scepticism over the trustworthiness of senior corporate managers. They also criticised the soaring national health insurance payments they will be obliged to make when - or if - they join the workforce: the burden of paying for the world’s fastest-aging nation in its dotage.

Global recovery 21st century style.

Is the Japanese media worse than ours?

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http://www.telegraph.co.uk/news/newstopics...sion-bites.html

There are now 100,000 more 18-to-24 year olds who are not attending school or college or are in work than this time last year.

The statistics confirm that the effects of the recession have had a devastating impact on the ability of young people to find work, with the number of jobs available to school and college leavers having shrunk dramatically.

Figures released by the Department for Children, Schools and Families show that the number of younger teenagers considered to be Neets also has grown, with more than one in 10 16 to 18-year-olds, 10.3 per cent, not in education or employment.

Alistair Darling, the Chancellor, who is deputising for Gordon Brown this week, said that the government was doing all it could to avoid creating a "lost generation" of youngsters during the recession.

During a trip to a Job Centre in Marylebone, central London, he added: "It's very important that we help young people get back into work or into training.

"At the end of last year we had record numbers of young people in education and training. We will, this September, be able to guarantee 16- and 17-year-olds education or training.

Meanwhile in the UK.

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78p cups of Mcdonalds coffee..... 1.17 in the UK

Alternatively.... wait round the bins till someone throws their cup away, nobody seems to collect the stickers on them which gives you a free cup - do this 6 times - usuallly whilst using their free wi-fi - get free coffee

`Thatchers Britain`.......

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http://business.timesonline.co.uk/tol/busi...icle6799333.ece

Global recovery 21st century style.

Is the Japanese media worse than ours?

Having had twenty years of low growth you would think they would be used to this by now. Shows how much things have deteriorated in the last year.

Our born in a bubble student generation are about to be Tangoed* - methinks.

*Other soft drinks are available.

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ironic statement of someone with a `Young Ones` frame of reference.....

Born 66 Thatchers Youth but time has moved on. The Labour party has had over a decade to change the status quo but chose not to.

Up until Blair this country lurched from the left to the right and somehow it kept this country away from catastrophe.

Blair embedded Thatcherism when he was supposed to repeal it back to a middle ground.

I Blame all those Labour voters and politicians. When they had the chance to repeal all of Thatchers laws they so hated and oposed when in oposition they flunked it.

Vote Nu-Labour get Thatcherism.

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Our born in a bubble student generation are about to be Tangoed* - methinks.

Yep - they are going to know the meaning of discomfort by the time the real estate boomer generation have finished rogering them fully

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Born 66 Thatchers Youth but time has moved on. The Labour party has had over a decade to change the status quo but chose not to.

Up until Blair this country lurched from the left to the right and somehow it kept this country away from catastrophe.

Blair embedded Thatcherism when he was supposed to repeal it back to a middle ground.

I Blame all those Labour voters and politicians. When they had the chance to repeal all of Thatchers laws they so hated and oposed when in oposition they flunked it.

Vote Nu-Labour get Thatcherism.

...... er

THIS young one

young_ones.jpg

post-15726-1250615239_thumb.jpg

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Blair embedded Thatcherism when he was supposed to repeal it back to a middle ground.

I Blame all those Labour voters and politicians. When they had the chance to repeal all of Thatchers laws they so hated and oposed when in oposition they flunked it.

Vote Nu-Labour get Thatcherism.

You are confused.

Blame Blair & Brown and Blairs Bints. Blame the party membership for losing control of the party, blame opinion formers who convinced many that Blairs way was the only way, blame the millions who thought, and still think, they are middle class and old Labour could not represent them.

But no, you blame Labour voters. No wonder the country is in a mess.

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You are confused.

Blame Blair & Brown and Blairs Bints. Blame the party membership for losing control of the party, blame opinion formers who convinced many that Blairs way was the only way, blame the millions who thought, and still think, they are middle class and old Labour could not represent them.

But no, you blame Labour voters. No wonder the country is in a mess.

Old labour was unelectable, so new labour took the worst, most economically damaging components from the policies of both parties and integrated them to make themselves electable by the British public

It was a master achievement.

They could have chosen to integrate policies from left and right in many different ways, but labour specificaly took the unproductive - parasitic - welfare for the rich - landlordism of the conservatives and melded it with the parasitic -production redistribution and nanny-regulation-ism of old labour and genuinely produced something new.

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