Apparently for the first time the unions asked the Yellow Vests to join them in demonstrating.
Read here
Economics
Bill Mitchell: US labour market recovery leaves considerable slack and rising long-term unemployment
The US labour market is still 6,76 thousand jobs short from where it was at the end of February 2020, which helps to explain why there are no fundamental wage pressures emerging. Read here
Corruption
Reuters: Diesel collapse gives automakers carbon headache
This is how absurd things can become – thanks to the EU: Diesel was supposed to reduce CO2., but the car manufacturers, to increase their profits, cheated, and produced radically more nitrogen oxide than permitted, […]
Economics
Heiner Flassbeck: Say’s Law and the Fundamental Failure of Economics
One would think that “experts” who pretend to understand one thing particularly well and even recommend that thing to economic policymakers would at least be able to comprehend the logical basis of what they are […]
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