Hellfire and Herring: A Childhood Remembered by Simon Cox

By Simon Cox

“A sparkling and gorgeous memoir.”— The Mail on Sunday

“A supremely appealing ebook that spins its specific tale to inform a common one.”— The Sunday occasions

“Writing that sings with large descriptive richness.”— The Scotsman

Woven into the material of kin existence, village characters, church, and faculty, Christopher Rush writes of folklore and fishing, fathers and sons, motherly love, and the inescapability of youth affects some distance into grownup lifestyles. Hellfire and Herring is a relocating account of the author’s formative years within the Nineteen Forties and Nineteen Fifties within the Scottish fishing village of St. Monans.

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Example text

By coincidence, the Department of Commerce has just decided that from November [1991], when the third-quarter figures will be released, it will concentrate more on GDP than on GNP. Cynics might claim that the switch to GDP is a bid to fiddle the figures. In fact it is America’s first step to bring its national accounts into line with most of the rest of the world. GNP is probably more useful in comparing the relative levels of income per head in different countries, but GDP provides a better guide to changes in domestic production – and hence is the better tool for steering economic policy.

3 shows examples of economic growth rates within each cycle, which provide useful yardsticks for judging future growth rates. Industrial economies. The 1960s were a period of rapid expansion, due at least in part to technological advances and freedom from external shocks. The 1973 and 1979 oil price rises caused temporary setbacks. Japan was perhaps more badly hit by the first; Europe and America suffered more from the second. Growth was rapid again in the mid–late 1980s. 2 Note: These peaks and troughs identified may differ from those identified by national authorities.

Source: World Bank (items with a life of over one year) is considered to be consumption. Capital goods purchased by a financial institution and leased to an industrial company are also usually classified as consumption. Thus consumption tends to be overstated and investment under-recorded. Total domestic expenditure (TDE). Consumption plus investment is known as total domestic expenditure. This is a useful concept because it measures domestic spending, some of which goes on imported goods and services.

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