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Powell says rate cuts will take ‘longer than expected’ after ‘lack of progress’ on inflation
thehill.com/business/4597924-powell-says-rate-cuts-will-take-longer-than-expected-after-lack-of-progress-on-inflation/
Powell says conditions needed to cut rates likely to take longer to appear: Recent inflation data shows a lack of further progress on inflation, Fed chair says
marketwatch.com/story/feds-powell-says-likely-to-take-longer-to-meet-conditions-to-cut-interest-rates-72c65044
Joe Biden Gets Bad News Right Before Speech: The Fed chair Jerome Powell suggested that borrowing costs may stay higher for longer.
newsweek.com/joe-biden-bad-news-before-speech-1891024
US Two-Year Yield Climbs Past 5% to Highest Level Since November - Bloomberg: The US two-year yield rose past 5% to the highest level since November after ...
bloomberg.com/news/articles/2024-04-16/us-two-year-yield-climbs-past-5-to-highest-level-since-november
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Fed’s Jefferson Sees Steady Interest Rate Helping to Push Down Inflation: Federal Reserve Vice Chair Philip Jefferson said he expects inflation will continue to ...
bloomberg.com/news/articles/2024-04-16/fed-s-jefferson-sees-steady-interest-rate-helping-to-push-down-inflation
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US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Four green myths about the nuclear phase-out: German politicians are selling the nuclear phase-out as a success on its first anniversary. However ...
nzz.ch/international/fuenf-gruene-mythen-ueber-den-atomausstieg-ld.1826362
Quick Glance: Myths and Realities of Nuclear Phase-Out
- German politicians celebrate the nuclear phase-out as a success, but critics question the full story.
- While emphasizing energy security without nuclear plants, concerns remain.
- Controversies surround electricity prices, environmental impacts, especially in an international context.
- The high-risk nature of nuclear power is debated, with complex long-term consequences.
German vice chancellor backs Ukraine 'fight for freedom' on Kiev trip | DPA
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Quick Glance: Robert Habeck: German Solidarity with Ukraine
- Robert Habeck emphasizes German solidarity with Ukraine in the war.
- He brings business representatives to promote deals and investments.
- Germany is providing Ukraine with a third Patriot air defense system.
- Habeck discusses economic cooperation and energy supply in Kiev.
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Horror scenario unfounded: Habeck: Electricity prices have fallen significantly since the nuclear power plant was shut down
n-tv.de/wirtschaft/Habeck-Strompreis-seit-AKW-Abschaltung-deutlich-gefallen-article24871913.html
Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...
fij.ng/article/bag-of-rice-still-selling-for-up-to-n84000-in-lagos/
RTL/ntv trend barometer: Greens with worst result since 2018: Germans are dissatisfied with the Greens. Union leader Friedrich Merz could become chancellor ...
stern.de/politik/deutschland/rtl-ntv-trendbarometer--gruene-mit-schlechtestem-ergebnis-seit-2018-34632766.html
Jay Powell says US inflation ‘taking longer than expected’ to hit target: Comments from Federal Reserve chair come amid mounting doubts about pace of interest ...
ft.com/content/3d0ddbe1-4637-4262-ba40-934015606166
"Not on the agenda now": Habeck does not want to talk about running for chancellor now
n-tv.de/politik/Habeck-will-jetzt-nicht-ueber-Kanzlerkandidatur-sprechen-article24872865.html
Green social policy: failing beautifully with Lisa Paus: What is the most effective way to get a political project off the ground? An instruction manual using ...
faz.net/aktuell/wirtschaft/lisa-paus-und-die-kindergrundsicherung-gebrauchsanweisung-fuers-scheitern-19647706.html
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Chancellor candidacy: Habeck has to do it: The Greens used to be a party with a clear brand core, now they are a general store with a high proportion of junk ...
spiegel.de/politik/deutschland/robert-habeck-ist-der-einzige-der-die-gruenen-aus-der-nische-fuehren-kann-leitartikel-a-576b5dba-ff9e-4caa-8081-90403647af3d
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One year after the nuclear phase-out: Robert Habeck draws a positive balance, while economists speak of a "loss of prosperity in the billions" - Die Weltwoche
weltwoche.de/daily/ein-jahr-nach-atomausstieg-robert-habeck-zieht-eine-positive-bilanz-waehrend-oekonomen-von-einem-wohlstandsverlust-in-milliardenhoehe-sprechen/
Abandoning nuclear energy: majority of Germans think nuclear phase-out is wrong: A year ago, the last nuclear reactors in Germany were taken off the grid ...
spiegel.de/wirtschaft/atomausstieg-mehrheit-der-deutschen-haelt-entscheidung-fuer-falsch-a-159b483a-ec16-47b2-ae10-a6c1ab687ff7
After the Thyssen crash: The uncertain future of steel made in Germany: Germany's largest steel group wants to reduce production due to cheap competition from ...
faz.net/aktuell/wirtschaft/unternehmen/thyssenkrupp-die-ungewisse-zukunft-von-stahl-made-in-germany-19649886.html
Robert Habeck: He would want to. Can he?: The media is conducting a debate about the Green Party's candidacy for chancellor. This is extremely inconvenient for ...
zeit.de/politik/deutschland/2024-04/robert-habeck-annalena-baerbock-kanzlerkandidatur-buendnis-90-die-gruenen
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New poll shows Greens at historic low: The Greens continue to plummet in the polls. The party has not had such a low score since 2018. The CDU is doing well.
hna.de/politik/habeck-gruene-umfrage-bundestagswahl-spd-cdu-afd-fdp-ampel-robert-zr-93014817.html
Greens launch their own Tiktok channel: The Greens are now on Tiktok. AfD leader Weidel is sidelined in a video. The Federal Foreign Office is also looking into ...
zdf.de/nachrichten/politik/deutschland/baerbock-habeck-gruene-tiktok-kanal-100.html
Experts criticize government: Habeck's climate optimism - that's why appearances are deceptive
spiegel.de/wissenschaft/klimakrise-experten-kritisieren-regierung-wegen-fragwuerdiger-klimaziele-2030-a-40c22688-03c5-43ef-8532-7a6bcc9212e1
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Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...
t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
Climate Protection Act: traffic light factions agree on reform: Due to the recent high CO2 emissions in the transport sector, the German government even ...
nzz.ch/international/klimaschutzgesetz-ampelfraktionen-einigen-sich-auf-reform-ld.1826457
Is Japan finally becoming a ‘normal’ economy? : Prices are rising, workers are demanding higher pay and the stock market is booming. But the country still has to ...
ft.com/content/88174b91-27d6-4936-ba5c-62c831b0a1c7
Quick Glance: Record Audience at NCAA Women's Championship
- South Carolina's victory over Caitlin Clark and Iowa in Sunday's women's NCAA championship game garnered a preliminary average viewership of 18.7 million on ABC and ESPN.
- Nielsen's final numbers on Tuesday may reveal an increase in viewership.
- It marks the most-watched basketball game since 2019, when the men's NCAA title game between Virginia and Texas Tech averaged 19.6 million viewers on CBS.
- The women's final also recorded the highest viewership for a Sunday afternoon sporting event on ESPN and ABC since early 2021.
Inflation rate falls to lowest level in three years in Thuringia: Prices for food and non-alcoholic beverages fell by an average of 0.7 percent compared to the ...
thueringer-allgemeine.de/wirtschaft/article242050862/Inflationsrate-sinkt-in-Thueringen-auf-niedrigsten-Stand-seit-drei-Jahren.html
Parties: The Greens are losing their center: In surveys, the eco-party is falling back to values from 2018. At the same time, a debate is simmering about ...
augsburger-allgemeine.de/politik/parteien-den-gruenen-bricht-die-mitte-weg-id70467351.html
Robert Habeck meets DFB bosses in a pink jersey: meeting after criticism of the switch to Nike
berliner-zeitung.de/news/robert-habeck-trifft-dfb-bosse-im-pinken-trikot-treffen-nach-kritik-am-wechsel-zu-nike-li.2204716
Resurgent inflation looms over Joe Biden’s White House bid: Consumer prices are rising quickly at just the wrong time for the US president
ft.com/content/d8520a33-f202-4679-b6f7-99fe9e4fb3ae
Habeck's cynical message to the construction industry: "We have to get through this now"
az-online.de/wirtschaft/habecks-zynische-botschaft-an-die-baubranche-wir-muessen-da-jetzt-durch-zr-93005781.html
Greens: Robert Habeck and the candidacy for chancellor: Hardly any German politician polarizes as much as Robert Habeck. If the Greens put forward a candidate ...
sueddeutsche.de/projekte/artikel/politik/habeck-baerbock-gruene-kanzlerkandidat-e281411/
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Book by Robert Habeck: ARD shows film adaptation of “The Flood - Death on the Dike” on April 27th
siegener-zeitung.de/medien/buch-von-robert-habeck-ard-zeigt-verfilmung-von-die-flut-tod-am-deich-am-27-april-7OSQCF3WMRGGRCC3BJIL4GFTOE.html
ARD films Habeck novel: No sheet of paper fits between media and politics - Die Weltwoche
weltwoche.de/daily/ard-verfilmt-habeck-roman-zwischen-medien-und-politik-passt-kein-blatt-papier-mehr/
Transport misses climate protection target: 13 million tons of CO2 too much: The transport sector has missed its climate protection targets. Transport Minister ...
noz.de/deutschland-welt/politik/artikel/verkehr-verpasst-klimaschutzziel-13-millionen-tonnen-co2-zu-viel-46823067
Green power struggle is looming: “Robert thinks it’s his turn”: In 2021, the Greens sent Annalena Baerbock into the Bundestag election campaign as their ...
focus.de/politik/deutschland/kanzlerfrage-gruenen-machtkampf-bahnt-sich-an-robert-findet-dass-er-an-der-reihe-ist_id_259830725.html
Quick Glance: Green Party Power Struggle Emerges Over Chancellor Question
- The Greens are facing a power struggle over who will be the lead candidate in the next election, after Annalena Baerbock scored 14.8% in the 2021 federal election despite higher poll numbers.
- The question of the chancellor candidate is settled within the SPD, but a battle is brewing within the Greens between Baerbock and Minister of Economics Robert Habeck, who once stepped aside for her.
- Habeck is actively vying to become the chancellor candidate and believes he is capable of winning the office, especially after Baerbock's stumbles in the last election campaign.
- The Greens aim to make a decision on the chancellor candidate by the end of the year, with prominent supporters like parliamentary leader Britta Haßelmann and Minister-President Winfried Kretschmann backing the candidates.
Budget 2025: The traffic light government faces its most difficult task yet - drama inevitable
t-online.de/nachrichten/deutschland/innenpolitik/id_100383086/haushalt-2025-ampel-steht-vor-der-schwersten-aufgabe-drama-programmiert.html
Ukraine War: Ukrainian Drone Attacks on Targets in Crimea and Russia: Robert Habeck makes a surprise visit to Ukraine. The city of Chernihiv ...
focus.de/politik/ausland/ukraine-krise/ukraine-krieg-im-ticker-in-letzter-sekunde-steigt-die-ukraine-aus-schifffahrts-deal-aus_id_57275780.html
Biden's new take on inflation: Trump would be worse: Biden's team knows there's not a lot it can do to lower it before the Nov. 5 election.
axios.com/2024/04/13/biden-trump-inflation-worse-tariffs
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
- The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.
- March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.
- Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.
- Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
Joe Biden’s approval rating on the economy is rising among US voters: FT-Michigan Ross poll finds president’s gains could be derailed by persistent fears over ...
ft.com/content/bdd37729-8225-4f52-ae88-a7edeb329bb5
Energy transition: Germany does not have competitive electricity prices: According to Robert Habeck, there is no longer any reason for the industry to sue ...
nzz.ch/international/energiewende-deutschland-hat-keine-konkurrenzfaehigen-strompreise-ld.1825702
Food inflation across rich nations drops to pre-Ukraine war levels: Annual change in prices across 38 industrialised countries eased to 5.3% in February ...
ft.com/content/f51368f0-c157-451d-a231-b944fbe7e7a0
Quick Glance: Decline in Food Prices in Industrialized Countries
- Annual change in prices across 38 industrialized countries eased to 5.3% in February, according to the latest OECD data.
- Food inflation across rich nations has dropped to its lowest level since before Russia’s full-scale invasion of Ukraine, alleviating pressure on households affected by cost increases.
- The OECD is expected to address food prices as part of its comprehensive inflation update.
- The decrease in food price inflation was widespread in industrialized countries in February, with the latest OECD reading halved or almost halved from recent peaks.
US and India stoke hopes of global growth in 2024 : FT-Brookings Tiger index shows ‘positive omens’ for modest pick-up compared with last year
ft.com/content/7d1199bb-8283-49c3-801e-249938bcbae8
K-question for the Greens: Habeck, Baerbock or none?: The debate about the top position in the Green Party has flared up. But so far it is not even clear whether ...
saechsische.de/politik/parteien/die-gruenen/grueene-habeck-baerbock-kanzler-5988870.html
Consumer Prices Rose 3.5% in March From Year Earlier: Annual inflation ticked up and underlying price pressures remained strong last month. .
on.wsj.com/3VVaIeY
Inflation : les nouvelles données sont un bon signal pour les consommateurs: Plus que 2,2 % ! Selon une première estimation, l'inflation a de nouveau ...
focus.de/finanzen/news/gespenst-der-inflation-verliert-an-schrecken-endlich-erloesung-neue-inflationsdaten-sind-ein-gutes-signal-fuer-verbraucher_id_259817068.html
Quick Glance: Inflation down in German states, signaling national decline
- Inflation fell in six economically essential German states in March, indicating that national inflation will continue its downward trend.
- Economists will closely monitor national inflation data as Germany releases its figures a day before the Eurozone inflation data on Wednesday.
- German companies expected the lowest prices in three years in March, with forecasts of inflation falling below the European Central Bank's target in the upcoming months.
- An increasing number of ECB policymakers have backed rate cuts, with a June meeting appearing as the most probable time for action, although a meeting is also scheduled for this month.
The Greens are fueling speculation about the “candidate for chancellor” from their ranks: Baerbock or Habeck, who is ahead? - The World Week
weltwoche.de/daily/die-gruenen-befeuern-spekulationen-ueber-den-kanklerkandidaten-aus-ihren-reihen-baerbock-oder-habeck-wer-hat-die-nase-vorne/
Small business optimism hits lowest level since 2012: NFIB: The NFIB's Small Business Optimism Index slid in March to its lowest level since December 2012 amid ...
foxbusiness.com/economy/small-business-optimism-hits-lowest-level-since-2012-nfib
US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength
apnews.com/article/jobs-hiring-unemployment-economy-inflation-federal-reserve-1e456b8df0e11b218ed50f1ead6f6797
Quick Glance: US economy adds impressive 303,000 jobs last month
- Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.
- US stock futures rose slightly on Friday morning, but markets have had a rough week.
- The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.
- Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html
Lisa Paus (Greens) and basic child protection: A week to forget: Lisa Paus has started an argument about basic child protection - and lost it ...
t-online.de/nachrichten/tagesanbruch/id_100380414/lisa-paus-gruene-und-die-kindergrundsicherung-eine-woche-zum-vergessen.html
Expensive energy transition: Who pays the billions for the power lines?: Wind in the north, high electricity consumption in the south: the power grid needs to be ...
faz.net/aktuell/wirtschaft/klima-nachhaltigkeit/energiewende-wer-zahlt-die-milliardeninvestitionen-in-stromleitungen-19646334.html
Robert Habeck: 15 coal-fired power plants to be decommissioned - "Superfluous and can be taken off the grid for good"
welt.de/wirtschaft/article250828088/Robert-Habeck-15-Kohlekraftwerke-werden-stillgelegt-Ueberfluessig-und-koennen-endgueltig-vom-Netz.html
Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
Jamie Dimon warns rates could stay high as market mood shifts: JPMorgan chief says inflation could be ‘stickier’ than markets expect in annual letter to ...
ft.com/content/9c3b136c-79c0-4347-9cc9-b90e5489a85f
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
Basic tax-free allowance: 244,000 pensioners do not have to pay taxes: The basic tax-free allowance was increased at the turn of the year to compensate for ...
zdf.de/nachrichten/wirtschaft/rentner-deutschland-steuern-grundfreibetrag-100.html
Bundeswehr special funds: 99,999,691,000 euros are already gone: The 100 billion euro special fund for the Bundeswehr is not enough. This is revealed by a look ...
faz.net/aktuell/wirtschaft/mehr-wirtschaft/nach-verbrauch-von-sondervermoegen-wie-soll-die-bundeswehr-finanziert-werden-19641487.html
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Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...
trib.al/XuRnSYN
Biden administration raises costs to drill on public lands: The Interior Department finalized a rule Friday making it more expensive for oil and gas producers to ...
thehill.com/policy/energy-environment/4590251-biden-administation-raises-costs-drill-public-lands/
Quick Glance: Biden Raises Drilling Costs on Federal Lands, Trump Courts Oil Donors
- The Biden administration has finalized a new rule requiring oil companies to pay at least ten times more for drilling on federal lands to generate more revenue for taxpayers.
- While Trump discusses easing drilling regulations with energy executives, the US is historically pumping a lot of crude oil, complicating regulations for Trump and Biden's climate agenda.
- The rule mandates higher bonds and royalties for fossil fuels on federal lands to better compensate taxpayers and cover the costs of cleaning up abandoned wells.
- In addition to reshaping fossil fuel production on federal lands, the administration has advanced renewable energy development on these tracts and significantly reduced rents and fees for clean energy projects.
The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?
npr.org/2024/04/12/1244273973/forever-stamp-cost-price-going-up-usps-postage
Mortgage rates hit highest level since November after hot inflation report: Mortgage rates jumped to their highest reading since November as the timeline for ...
thehill.com/business/housing/4585910-mortgage-rates-hit-highest-level-since-november-after-hot-inflation-report/
Scholz optimistic: What else can the traffic light coalition achieve before the federal election?
rundschau-online.de/politik/was-schafft-die-ampel-koalition-bis-zur-bundestagswahl-noch-773119
Corona: These politicians defamed unvaccinated people - now they are silent about their statements
berliner-zeitung.de/politik-gesellschaft/corona-diese-politiker-diffamierten-ungeimpfte-jetzt-schweigen-sie-zu-ihren-aussagen-li.2201947
California restaurant will up wages to compete with $20 fast-food pay: "Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's ...
businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4
Quick Glance: California eateries adjust wages to meet competition with $20 fast-food pay
- A restaurant owner in California plans to raise wages to compete with the $20 per hour pay for fast-food workers.
- Legislation is expected to drive up wages in various sectors as they strive to attract and retain employees.
- The increased minimum wages worsen the existing challenges faced by independent restaurants in California.
- Implementing price changes, cost-cutting strategies, and reduced operating hours could be potential measures to streamline operations.
The Chancellor and the economy: Where is Scholz and what does he want?: The relationship between the economy and the coalition government is poor ...
faz.net/aktuell/wirtschaft/mehr-wirtschaft/olaf-scholz-und-wirtschaftspolitik-wo-ist-er-und-was-will-er-19639083.html
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International Monetary Fund: Germany in last place among industrialized nations (again)
spiegel.de/wirtschaft/unternehmen/internationaler-waehrungsfonds-senkt-erneut-wachstumsprognose-fuer-deutschland-a-49d8a54b-1dbe-4406-a72b-604e1115b2b4
Work: These 7 graphics show how the desire to work is fading: Ever-reducing working hours are becoming a risk to prosperity. Robert Habeck thinks: There is now ...
wiwo.de/erfolg/beruf/ueberstunden-teilzeit-viertagewoche-diese-7-grafiken-zeigen-wie-die-lust-auf-arbeit-schwindet/29739956.html
"Anything else would be naive": In Easter video, Habeck urges Germany to protect itself from Putin's intentions
fr.de/politik/habeck-ukraine-krieg-deutschland-sicherheit-putin-russland-zr-92921566.html
Quick Glance: Habeck's Urgent Appeal for Strengthening Germany's Security
- Vice Chancellor Robert Habeck emphasizes the need for investments in German security in light of Russian aggressions.
- Habeck warns of a prolonged and violent end to the Russian war against Ukraine, urging a realistic view and preparation for the threat situation.
- He opposes a 'freezing of the war' and stresses the importance of supporting Ukraine to stop Putin's expansion and preserve European unity.
- Habeck calls for active support in defending Ukraine, as a success of Putin's war in Ukraine could lead to further conflicts.
The war and the left: Where does the green enthusiasm for war come from?: In view of the war in Ukraine and the Gaza conflict, Germany's left offers a diffuse ...
berliner-zeitung.de/open-source/der-krieg-und-die-linken-woher-kommt-die-gruene-kriegsbegeisterung-li.2202710
What to know about Biden's latest attempt at student loan cancellation: President Biden is taking another shot at student loan cancellation, hoping to deliver on ...
richmond.com/news/nation-world/government-politics/student-loan-cancellation-biden-plan-explained/article_76583957-379d-5485-96a7-79d1316b242b.html
News podcast: Israel under pressure to act: At the weekend, Iran attacked Israel directly for the first time. What happens now? And: the Green Party's candidate ...
zeit.de/politik/2024-04/israel-iran-gegenangriff-nachrichtenpodcast
Quick Glance: Israel artist calls for Gaza ceasefire
- The representative of Israel at the international art fair is calling for an immediate ceasefire in Israel’s war on Gaza.
- Ruth Patir’s video installation called (M)otherland was scheduled to open on Saturday at Israel’s national pavilion at the international art show but will remain closed for now.
- Patir stated on her website that the artist and curators are showing solidarity with the families of the hostages and the large community in Israel calling for change, rather than canceling themselves or the exhibition.
- It is believed that there are still individuals in Gaza, including 129 captives taken during the attacks led by Hamas on Israel on October 7, with 34 of them presumed dead.
Wall St Week Ahead Surging US energy shares reflect robust growth, inflation worries
reuters.com/markets/us/wall-st-week-ahead-surging-us-energy-shares-reflect-robust-growth-inflation-2024-04-12/
Markets Insight: The myth of long-term high prices: High inflation will soon be history. Longer-term factors should ensure a moderate price trend in the future ...
handelsblatt.com/finanzen/anlagestrategie/kolumnen/maerkte-insight-der-mythos-langfristig-hoher-preise/100026419.html
Why are auto insurance premiums so high? Blame inflation and a few other factors: Wednesday's inflation report showed consumer price growth continues to drift ...
nbcnews.com/business/consumer/auto-insurance-premiums-costs-high-prices-inflation-explainer-rcna147204
“Putin wants war”: Why Robert Habeck’s Easter speech is not only wrong, but also dangerous - The World Week
weltwoche.de/daily/putin-will-den-krieg-warum-robert-habecks-osterrede-nicht-nur-falsch-ist-sondern-auch-gefaehrlich/
US inflation jumps as fuel and housing costs rise: Inflation was 3.5% in March, a sign that cooling has stalled and interest rate cuts may be delayed.
bbc.com/news/business-68781482
German economy minister makes unexpected visit to Ukraine: German Vice Chancellor and Economy Minister Robert Habeck unexpectedly arrived in Kyiv on Thursday to ...
thelocal.de/20240418/german-economy-minister-makes-unexpected-visit-to-ukraine
Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?
timesofoman.com/article/144450-is-it-the-right-time-to-buy-gold-or-wait-as-prices-continue-to-soar
Storing carbon dioxide underground: Habeck plans for a major solution: Storing carbon dioxide in the rock under the North Sea will not harm the environment ...
riffreporter.de/de/umwelt/co2-speicherung-kohlendioxid-ccs-heidelberg-materials-habeck-gesetzentwurf
How California fast food restaurants raised menu prices in response to $20 minimum wage
nypost.com/2024/04/16/business/california-fast-food-restaurants-raised-prices-due-to-minimum-wage/
What the key interest rates mean for savers: Inflation is falling - the ECB is heading for a possible first interest rate cut. Consumers could already be feeling ...
zdf.de/nachrichten/wirtschaft/ezb-leitzinsen-banken-sparer-kredite-100.html
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