The German current account surplus of probably 7 per cent of GDP in the current year is an unparalleled scandal. However, it becomes a real political catastrophe when Germany accuses countries that have fairly balanced balances, such as China, or even high current account deficits, such as the USA, of mercantilism when they defend themselves against the actual mercantilists.
Economics
South China Morning Post: Nowhere to hide for Chinese developers as slump deepens amid cash crunch, debt defaults despite easing measures
Home sales fell 25.6 per cent last quarter as concerns about credit squeeze, debt defaults sidelined buyers Local authorities in more than 60 municipalities have taken steps to unshackle the market from rules hobbling the […]
National Politics
Chip Gibbons: Assange’s Case Shows Why Reforming the Espionage Act Is Imperative for Press Freedom
Assange’s plea deal represents the Espionage Act’s latest affront to the First Amendment. Read HERE
Geopolitics
The Cradle: Hamas says US ceasefire proposal ‘perpetuates’ Israel’s mass killing, starvation policies
Israel reportedly agreed to US envoy Steve Witkoff’s proposal for a Gaza ceasefire Thursday Read Article HERE
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