The German economy is being hit increasingly hard by the lack of orders. In October, 41.5% of companies reported a lack of orders, up from 39.4% in July. That’s the highest level since the 2009 financial crisis. “The lack of orders is continuing to hinder economic development in Germany,” says Klaus Wohlrabe, Head of Surveys at ifo. “Hardly any industry has been spared.”
Climate Crisis
AP: Bitcoin-mining power plant raises ire of environmentalists
Bitcoin miners in central New York have reopened a shuttered fossil fuel power plant, drawing backlash from environmentalists. Read here
Climate Crisis
CNBC – Greenwashing: German police raid Deutsche Bank’s DWS unit
There is a saying in German: “Bei jeder Schweinerei ist die Deutsche Bank dabei” (“Deutsche Bank is involved in dirty deal”). The German’s know their Deutsche Bank. Read Here Photo: Maqi licensed under the Creative […]
EU politics
George Monbiot: Don’t let the rich get even richer on the assets we all share
From The Guardian There are four major economic sectors: the market, the state, the household and the commons. The neglect of the last two by both neoliberals and social democrats has created many of the […]
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