The decline in US GDP reported for the first quarter is not a big deal, and it is very possible that it will be reversed when the data is revised over the next two months. But it is the wrong direction. If Donald Trump envisions that we will surpass China and retake the leadership as the world’s dominant economy, we are so far going the wrong way.
Economics
France 24: Euro hits 20-year low against dollar as Russia cuts off gas to Germany
The EU’s victory against Russia is just around the corner Read Here Source: Wikimedia Commons
National Politics
AFP: Sporadic clashes as ‘yellow vests’ rally in France today
“Yellow vest” protesters gathered in Paris and other French cities Saturday for the 26th straight week of rallies against President Emmanuel Macron, with scattered incidents of violence but overall a marked decline in the size […]
Austerity
Amnesty International – Spain: Cruel austerity measures leave patients suffering
While corporate media is talking up the EU’s “robust recovery”, especially in Spain, on the ground things are apparently very different. Read here
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