We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly,” wrote JP Morgan analysts this week. They were describing the reputation crisis facing Tesla, one of the world’s leading electric vehicle manufacturers. The problem for Tesla is straightforward: their CEO, Elon Musk, has embraced hard-right politics. He has supported the neo-Nazi-friendly AfD party in Germany and even made a gesture that looked an awful lot like a Nazi salute at Donald Trump’s inauguration. (Nazis were certainly thrilled by it.) Musk has a leading role in a presidential administration that is waging war on the civil service and gutting climate and environmental policies.
Austerity
John Harris: If the elite ever cared about the have-nots, that didn’t last long
Most Remainers’ political analysis goes no deeper than those of the Brexiters. Both have a gut reaction: one knows the EU is destroying their lives, the others know that they profit from it. Read here […]
EU politics
Magdalena Berger – Austria’s Communist Party Is Defying the Right-Wing Turn
“After two years heading Graz city hall, Communist Elke Kahr was recently named the world’s best mayor. Now, her Communist Party is hoping to win power in Salzburg and show that Austria isn’t doomed to […]
Finance
CNN Business: Zelensky huddled with Wall Street CEOs and business leaders to discuss rebuilding Ukraine
Ukrainian President Volodymyr Zelensky met Wednesday evening in Manhattan with Wall Street CEOs and business power players to discuss efforts to rebuild his war-torn country and its economy, a person familiar with the matter tells […]
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