The downward slide of the German economy continues. Production and incoming orders in German industry are still on course for recession in the first month of the third quarter. The latest sentiment indicators, such as the ifo index and the PMI markit, which were surveyed in August, point clearly downwards. So it can no longer be ruled out that the recession will continue even at a pace much faster than now.
Climate Crisis
DeSmog UK: The Causal Relationship Between Inequality and Climate Change
DeSmog interviewed an author of a new paper that says that policies focused only on greenhouse gas emissions will be less successful than a broader approach that tackles inequality and climate change together. Read Here […]
Economics
Bill Mitchell: Eurozone inflation heading negative as the PEPP buys up big – don’t ask the mainstream to explain
Governments save economies. Never let a mainstream economist tell you that government intervention is undesirable and that the ‘market’ will sort things out. Never let them tell you that large-scale government bond purchases by central […]
Climate Crisis
Corporate Europe Observatory – Polluters profiting from pandemic bailouts:How the fossil fuel industry is using the COVID-19 crisis to capture public funds and lock in dirty energy
The fossil fuel industry is cashing-in on the COVID-19 pandemic, to entrench its position, capture public recovery money, and push false solutions that pave the way to climate catastrophe. COVID-19 is a global health crisis, […]
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