Obsession with debt reduction has been disastrous and arguments against a borrow-to-invest approach no longer pass muster
Read here
Larry Elliot: Attacks on McDonnell a sign Tories know stance on borrowing is defunct
Climate Crisis
The Grocer – Cereal crops decimated by Europe’s heatwave
Maybe it won’t be enough simply to give everyone air conditioning to counterbalance climate change. Read HERE
Finance
Reuters – Denmark: Danske Bank executive exits over Estonian money-laundering controls
Who said the hygge and money-laundering are incompatible. It took five years after a whistle-blower informed the Danske Bank of massive money-laundering for something to happen. Maybe less candles and more integrity is called for […]
Economics
DeStatis – Germany: Decline in real earnings greater than in Great Financial Crisis
If this is a V-Recovery, it is obviously for the 1% Read here
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