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
DeStatis – Germany: Exports to non-EU countries in December 2022: expected decrease of 9.6% on November 2022
This is always a problem for a mercantile nation and support the IMF prediction of a developing world recession Read Here
Climate Crisis
Stay Grounded: EU’s New Law on ‘Sustainable Aviation Fuels’ Fails to Be Truly Sustainable
The new ReFuelEU law, part of the EU Fit for 55 package, was announced yesterday The Stay Grounded network fears this could lead to a massive demand for biomass and energy, competing with other sectors […]
Geopolitics
Robert Skidelsky: Russia, Ukraine, and the Future of European Security
James Carden of The American Conservative and David Speedie of the Carnegie Council’s Global Engagement Program sat down with Baron Robert Sidelsky to discuss his newfound optimism regarding a settlement between Russia and Ukraine and Europe’s continued […]
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