Davos: “They are loath to pay a living wage, but they will fund a philharmonic orchestra. They will ban unions, but they will organize a workshop on transparency in government.”
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Branko Milanovic: Dutiful dirges of Davos
Economics
South China Morning Post: China’s property crisis: who and what will save the indebted developers in the world’s largest real-estate market?
Sunac, which forked out 43.8 billion yuan in 2017 to help Wanda, defaulted on a US dollar bond last week, and had its rating cut twice by Fitch, deep into junk status R&F, which bought […]
EU politics
LSE EUROPP: Ideology in times of crisis: Is the left-right divide still relevant in the European Parliament?
Nicolo Fraccaroli and Anatole Cheysson ask whether we may see a re-emergence of left-right politics as Eurosceptic parties increase their presence in the European Parliament. Read here
Economics
Destatis – Germany: Production in December 2022 -3.1% on the previous month
In 2022 as a whole, production was calendar-adjusted 0.6% lower than in 2021 and down 5.0% from the pre-crisis year of 2019. Read Here
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