A disappointing shrinking of the German economy in the second quarter illustrates how difficult it will be to escape the current dismal combination of both cyclical and structural headwinds
Economics
NBC News: Rail union rejects labor deal brokered by Biden administration, raising possibility of strike
“Railroaders do not feel valued,” said Tony D. Cardwell, president of the Brotherhood of Maintenance of Way Employes union. Read Here
Economics
Bill Mitchell: IMF and World Bank at odds with each other over interest rate hikes
The inflationary surge is not a demand event and will not be resolved by further cutting nominal incomes. Read Here
Corruption
DW: Germany sets winter gas levy amid warnings of its impact
While windfall profits of energy companies are being vehemently defended by the German government, including the Greens, those that are making losses are being subsidised. Welcome to the EU as Germany wants it. Read Here
Be the first to comment