HOME/ABOUT  Prayer  SCOTUS  ProLife  BangList  Aliens  StatesRights  ConventionOfStates  WOT  HomosexualAgenda  GlobalWarming  Corruption  Taxes  Congress  Fraud  MediaBias  GovtAbuse  Tyranny  Obama  ObamaCare  Elections  Layoffs  NaturalBornCitizen  FastandFurious  OPSEC  Benghazi  Libya  IRS  Scandals  TalkRadio  TeaParty  FreeperBookClub  HTMLSandbox  FReeperEd  FReepathon  CopyrightList  Copyright/DMCA Notice 

Calling all FReepers: We need to wrap this baby up by the end of the month. If you have not yet made your donation, please do so today. We can do this. Thank you very much!!

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $75,806
86%  
Woo hoo!! And we're now over 86%!! Less than $12.2k to go!! We can do this. Thank you all very much!! Let's git 'er done!!

Keyword: socialmarketeconomy

Brevity: Headers | « Text »
  • Berlin jumps ahead on new rent control law (Germany)

    05/26/2015 10:57:47 AM PDT · by Olog-hai · 6 replies
    TheLocal.de ^ | 26 May 2015 09:02 GMT+02:00 | (DPA/The Local)
    Berlin is to be the only state in Germany to introduce rent controls immediately after the law allowing them comes into effect on June 1st. While other states have said that they’re interested in the law, none of them have set a firm deadline for when they will introduce controls. The new measures allow state governments to define areas with high upwards pressure on rents and set limits on year-to-year increases. Landlords won’t be allowed to charge rent more than 10 percent higher than the local average in the region. …
  • Polish president concedes election defeat to conservative challenger

    05/24/2015 5:45:07 PM PDT · by mac_truck · 52 replies
    Reuters ^ | 5/24/2015 | Pawel Sobczak and Agnieszka Barteczko
    Polish President Bronislaw Komorowski conceded defeat to conservative challenger Andrzej Duda in Sunday's presidential election, a result that will set alarm bells ringing for the government, which faces its own election race later this year. Komorowski had originally been seen as a shoo-in for another term in office, and his defeat reflected a desire among voters for new faces, and a sense that Poland's new-found prosperity was not being shared out equally. The outgoing president, an ally of Prime Minister Ewa Kopacz, announced he was conceding defeat after an exit poll showed he had won 47 percent to 53 percent...
  • Visit to Germany: Gov. Walker says world will be better with trade agreement

    05/14/2015 9:03:37 PM PDT · by SoConPubbie · 24 replies
    Fox6Now.com ^ | April 14, 2015
    MADISON (AP) — Wisconsin Gov. Scott Walker tells a German audience that young people around the world will be stronger if a new trade agreement between the United States and the European Union can be reached.Walker made his comments Tuesday at the Hannover Messe trade show.A recording of his comments provided to The Associated Press shows the likely Republican presidential candidate voiced his support for the Transatlantic Trade and Investment Partnership, or TTIP. Negotiations between the U.S. and EU began on it in 2013 but many Europeans remain skeptical over concerns about environmental protections, labor security and other issues.Walker referenced...
  • Germany to expand disability rights

    03/28/2015 1:03:15 AM PDT · by Olog-hai · 8 replies
    TheLocal.de ^ | 27 Mar 2015 15:58 GMT+01:00 | (DPA/The Local)
    A representative of the German Labor Ministry went before a UN Committee on Friday to discuss the government’s plan for improved rights for disabled people. Parliamentary state secretary to the Labor Ministry, Gabriele Lösekrug-Möller, went before the committee to explain the government’s plan to put Germany in line with UN standards. […] The government is developing 200 measures aimed at bettering the lives of some 7.5 million Germans living with disabilities. …
  • Wage disparities getting bigger in Germany

    03/19/2015 1:27:55 AM PDT · by Olog-hai · 3 replies
    Deutsche Welle ^ | 18.03.2015 | [hg/ng (dpa, epd, Reuters)]
    Real German incomes, or gross wages adjusted for inflation, had not developed evenly in recent years across different wage sectors, a study by the Bertelsmann Foundation and the Munich-based IFO economic research institute showed Wednesday. […] The authors of the study said one of the reasons for the increasing wage disparity had been a creeping decline of collective bargaining deals with binding wages. […] “We need to redouble our efforts to scale back wage disparities again without losing too many jobs,” Bertelsmann Foundation chief Aart De Geus said in a statement, pointing out that the recent introduction of a minimum...
  • Germany joins China development bank

    03/17/2015 10:10:58 AM PDT · by Olog-hai · 14 replies
    TheLocal.de ^ | 17 Mar 2015 11:38 GMT+01:00
    Finance Minister Wolfgang Schäuble confirmed on Tuesday that Germany has agreed to join the China-led Asian Infrastructure Investment Bank (AIIB), despite pressure from the US.Germany, France and Italy “want to bring our long experience … to help the bank build a solid reputation,” Schäuble said at a joint press conference in Berlin with Chinese vice-premier Ma Kai. “We want to make a contribution to the positive development of the Asian economy, in which German companies are actively taking part,” he said. France and Italy have also agreed to become members of the $50-billion institution, seen as a rival to the...
  • The E.U. Experiment Has Failed

    03/16/2015 8:23:01 PM PDT · by annalex · 33 replies
    Hoover Institution ^ | March 5, 2015 | Bruce Thornton
    The E.U. Experiment Has Failedby Bruce ThorntonThursday, March 5, 2015 The slow-motion crisis of the European Union is the big story that rarely gets the attention it deserves. Even an event like the recent terrorist attack in France that left 17 dead is often isolated from the larger political, economic, and social problems that have long plagued the project of unifying the countries of Europe in order to harness its collective economic power, and to avoid the bloody internecine strife that stains its history. On the economic front, the E.U.’s dismal economic performance over the last six years was summed...
  • Varoufakis unsettles Germans with admission Greece won't repay debts

    03/10/2015 8:42:13 AM PDT · by tcrlaf · 19 replies
    Reuters UK ^ | 3-10-2015 | Madeline Chambers
    Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that Athens would never repay its debts, in blunt comments that sparked a backlash in the German media on Tuesday. A documentary about the Greek debt crisis on German public broadcaster ARD was aired on the same day euro zone finance ministers met in Brussels to discuss whether to provide Athens with further funding in exchange for delivering reforms. "Clever people in Brussels, in Frankfurt and in Berlin knew back in May 2010 that Greece would never...
  • German Parliament approves quota for female directors

    03/06/2015 9:26:02 AM PST · by Olog-hai · 5 replies
    Associated Press ^ | Mar 6, 2015 8:03 AM EST | Geir Moulson
    Germany’s Parliament on Friday approved a quota system that will require leading companies in Europe’s biggest economy to have at least 30 percent women on their supervisory boards starting next year. The quota will apply to the directors of more than 100 listed companies, though not to their management boards. Another 3,500 firms will be required to set targets of their choosing to raise the number of female directors and women in other leadership positions. […] Lawmakers from Chancellor Angela Merkel’s governing coalition of conservatives and Social Democrats backed the legislation Friday. Opposition lawmakers, who argued that it didn’t go...
  • Germans happy with being EU top dogs (happy with Berlin ruling the EU)

    03/04/2015 4:31:35 PM PST · by Olog-hai · 6 replies
    TheLocal.de ^ | 03 Mar 2015 11:38 GMT+01:00 | Tom Barfield
    Germans are more supportive of how the EU is run than any other member state, but experts tell The Local that may only last as long as the economic good times. Among Germans, 69 percent told Gallup pollsters that they “approve” of the EU leadership's job performance in 2014. That was well above the average approval rating of 49 percent across all member states, while just three other countries—Ireland, Belgium and Luxembourg—topped 60 percent approval. “[The results] might be an indication that some Germans now start to identify leadership within the European Union with their own government and with the...
  • Apple to invest €1.7 billion to build two new european data centers

    02/23/2015 10:20:09 PM PST · by Swordmaker · 2 replies
    MacDailyNews ^ | Monday, February 23, 2015 · 8:25 am
    Apple today announced a €1.7 billion plan to build and operate two data centers in Europe, each powered by 100 percent renewable energy. The facilities, located in County Galway, Ireland, and Denmark’s central Jutland, will power Apple’s online services including the iTunes Store, App Store, iMessage, Maps and Siri for customers across Europe. “We are grateful for Apple’s continued success in Europe and proud that our investment supports communities across the continent,” said Tim Cook, Apple’s CEO, in a statement. “This significant new investment represents Apple’s biggest project in Europe to date. We’re thrilled to be expanding our operations, creating...
  • One fifth of Germans want revolution: report

    02/23/2015 8:26:50 AM PST · by Olog-hai · 20 replies
    TheLocal.de ^ | 23 Feb 2015 14:27 GMT+01:00 | Matty Edwards
    One in five Germans believe that a revolution would be the only way to truly reform society, a study released by the Free University of Berlin on Monday shows. Anti-capitalism, anti-fascism and anti-racism were all are prominent positions according to the study entitled “Against state and capital—for the revolution”, which has revealed a public much further to the left than previously thought. In the report, 20% of the people surveyed agreed with the statement that “Living conditions won’t be improved by reforms—we need a revolution”. A similar percentage of people said they saw the rise of a new fascism in...
  • Charity finds most Germans ever in poverty

    02/19/2015 12:08:50 PM PST · by Olog-hai · 15 replies
    TheLocal.de ^ | 19 Feb 2015 16:53 GMT+01:00 | (DPA/The Local)
    Poverty levels in Germany have reached an all-time high, with 15.5 percent of the population—or 12.5 million people—affected. Single parents and unemployed people were the hardest hit, according to a report from a welfare association. Over 40 percent of single parents and almost 60 percent of the unemployed are poor, according to the Paritätische Gesamtverband, an umbrella organization for associations focusing on social services. Older people and retirees, around 15 percent of whom are considered poor, are the fastest growing demographic group in terms of poverty, according to the report released on Thursday. One of the report authors, Christian Woltering,...
  • New Report Reveals the Depth of German Poverty (Really?! In the Worker's Paradise?!)

    05/25/2009 12:11:12 PM PDT · by AlaskaErik · 32 replies · 1,486+ views
    TIME via Yahoo ^ | May 25, 2009 | TRISTANA MOORE
    To many on the outside, Germany looks like a big, rich country enjoying the benefits of being Europe's largest economy. Inside, Germans know that looks can be deceiving. As in any nation, parts of Germany suffer from poverty, and Germans have always assumed they knew which parts: the west is rich and the east is poor. But a new report reveals the truth isn't that simple. The wealth imbalance in Germany isn't just between east and west; there are also large regional differences between the country's north and south. And across the country there are pockets of poverty more crushing...
  • France told to repay €1 billion in EU farm aid

    01/28/2015 5:34:45 PM PST · by Olog-hai
    TheLocal.fr ^ | 27 Jan 2015 15:22 GMT+01:00 | (AFP)
    France must repay the EU €1.07 billion ($1.2 billion) in agricultural aid paid to farmers due to fraud and mistakes over a four-year period, the European Commission said on Tuesday. The money, about 2 percent of the €40 billion that France has received from Brussels between 2008 and 2012 under the EU’s Common Agricultural Policy, must be repaid in three installments up to 2017, a European source said. France was penalized for failing to check farmers’ claims for subsidies, especially on environmental issues and calculating the area of arable land. …
  • Millions of German workers in poverty

    01/24/2015 4:59:11 PM PST · by Olog-hai · 22 replies
    Deutsche Welle ^ | 24.01.2015 | [se/sb (AFP, epd)]
    About 3.1 million wage and salary earners in Germany had an income below the poverty threshold, according to Saturday’s edition of the Saarbrücker Zeitung newspaper. The paper cited an overview from Germany’s Federal Statistical Office showing the most recent available data, which covered the year 2013. It also showed the numbers of workers struggling to make ends meet jumped from about 2.5 million in 2008—an increase of 25 percent in five years. Data based on household surveys showed that those living on low wages were cutting back on food and heating, among other things, to save money. According to a...
  • ECB unveils €1.1 trillion stimulus plan (European Central Bank; $1.25 trillion)

    01/22/2015 2:15:52 PM PST · by Olog-hai · 10 replies
    EU Observer ^ | 01/22/2015 18:09 | Benjamin Fox
    The European Central Bank will plough €1.1 trillion into the eurozone economy in a last-ditch attempt to breathe life into the European economy. At its monthly governing council on Thursday (January 22), the bank’s governing council agreed to start buying up to €60 billion of government bonds from March in an unprecedented quantitative easing program. The program is open-ended, and will run until September 2016 at the earliest. Speaking at a press conference following the governing council meeting, ECB president Mario Draghi said that the bond-buying program would remain in place “until we see a sustained adjustment in the path...
  • UAW may have had international help in Chattanooga ( German union )

    01/22/2015 1:14:53 PM PST · by george76 · 10 replies
    Tennessee Watchdog ^ | January 22, 2015 | Chris Butler
    Members of the National Right to Work Foundation believe two German labor groups have failed to completely disclose their full level of involvement in the United Auto Workers’ attempts to set up shop in Chattanooga. As previously reported, the UAW wants to formally establish itself at Chattanooga’s Volkswagen plant. The UAW’s attempts have so far been unsuccessful. VW workers, by a tally of 712-626, for instance, voted in February not to join the UAW. Members of the NRTW represent an unspecified number of VW workers who oppose the union. They say that VW’s Global Works Council and IG Metall, a...
  • Germany wants robust single energy market, at odds with Britain

    01/17/2015 11:40:47 PM PST · by Olog-hai · 3 replies
    Reuters ^ | Fri Jan 16, 2015 3:24pm GMT | Barbara Lewis
    Europe’s energy union needs to be bolstered by EU laws binding on each nation, Germany said in a policy paper seen by Reuters that sets it at odds with Britain. […] After last October’s outline agreement on 2030 climate goals on carbon emissions, increased use of renewable energy and improved energy efficiency, Germany urged the Commission to draw up a proposal on “governance”. Governance refers to legal implementation plans for targets on renewable energy and energy savings. […] That position is diametrically opposed to the stance of Britain, which has called in general for a “light-touch and non-legislative” approach. …
  • Operation Helicopter: Could Free Money Help the Euro Zone?

    01/09/2015 1:19:20 AM PST · by Olog-hai · 8 replies
    Der Spiegel ^ | January 06, 2015 – 12:22 PM | Anne Seith
    It sounds at first like a crazy thought experiment: One morning, every resident of the eurozone comes home to find a check in their mailbox worth over €500 ($597) and possibly as much as €3,000. A gift, just like that, sent by the European Central Bank (ECB) in Frankfurt. The scenario is less absurd than it may sound. Indeed, many serious academics and financial experts are demanding exactly that. They want ECB chief Mario Draghi to fire up the printing presses and hand out money directly to the people. The logic behind the idea is that recipients of the money...
  • Is the EU right to consider obesity a disability?

    12/18/2014 2:36:24 PM PST · by Olog-hai · 8 replies
    Daily Telegraph (UK) ^ | 2:22PM GMT 18 Dec 2014 | Rohan Banerjee
    Hefty Danish child-minder Karsten Kaltoft, who was fired from his job earlier this year because he was too immobile to tie a kid’s shoelaces, has successfully won his appeal to the European Court of Justice to consider obesity a disability. As a result, new legislation will be drawn for the purposes of equality in the workplace, stating that employers within the EU must treat any overweight members of staff in the same way that they would those with other disabilities—for example, priority parking or adapted facilities. Is this ridiculous, or does the EU have a point? “To disable” means to...
  • Belgium braces for (24 hr) national strike (Austerity)

    12/14/2014 12:37:04 PM PST · by tcrlaf · 8 replies
    AFP ^ | 12-14-2014 | AFP
    Belgium risks coming to a virtual standstill Monday as the biggest national strike for years grounds all flights, halts public transport and severs international train links in protest at the new government's austerity policies. The strike, which is the climax of a union movement that began last month with a huge march and violent protests in Brussels, will also likely close schools, businesses, factories and government offices. Unions say there is "no choice" but to go ahead with the strike after the right-of-centre government of Prime Minister Charles Michel pushed ahead with plans to save 11 billion euros ($13.7 billion)...
  • France, Germany call for tax avoidance clampdown

    12/03/2014 4:21:42 AM PST · by Olog-hai · 7 replies
    EU Observer ^ | 12/02/14 @ 10:28 | Benjamin Fox
    The finance ministers of Germany, France and Italy have called on the EU to propose new law to curb corporate tax avoidance.In a joint letter to the EU’s economics commissioner Pierre Moscovici on Monday (1 December), Germany’s Wolfgang Schäuble, France’s Michel Sapin and Pier-Carlo Padoan from Italy said that a new EU directive on anti-base erosion and profit-sharing could be presented before the end of 2014. […] The letter is not the first time that the eurozone’s three largest countries have presented a united front on tax. They are also among the eleven countries who have promised to introduce a...
  • Economists urge reform for Germany, France

    11/29/2014 5:01:05 PM PST · by Olog-hai · 13 replies
    The Local ^ | Published: 28 Nov 2014 08:19 GMT+01:00 | (AFP)
    A top level economic report on Thursday urged European heavyweights France and Germany to implement urgent economic reforms, warning that Europe risked falling into a “stagnation trap”. “In France, we fear lack of boldness for decisive reforms. In Germany, we fear complacency,” said the report, drawn up by two leading economists for the French and German governments. In a hotly-awaited set of proposals to jumpstart the traditional Franco-German motor that drives the European economy, Henrik Enderlein and Jean Pisani-Ferry concluded: “France and Germany spend a lot of time on joint declarations and initiatives. We miss action.” […] “We think the...
  • Germany, EU charged with Google-bashing

    11/26/2014 11:18:14 AM PST · by Olog-hai · 7 replies
    TheLocal.de ^ | 26 Nov 2014 12:42 GMT+01:00 | Tom Barfield
    Germany is at the heart of moves to limit the power of US web companies and their involvement in surveillance as American voices cry foul. Günther Oettinger, European Commissioner for the Digital Economy, said on Tuesday evening that the EU is not trying to smash Google apart in response to open letters from US politicians. Although a years-long competition probe into Google’s activities in areas like maps and price comparisons as well as hotel and restaurant reviews might end by imposing restrictions on the search giant, these would be “proportionate and targeted,” Oettinger said. And he told economic journalist Roland...
  • ECB ready to pump €1 trillion into euro zone economy

    11/07/2014 3:51:45 PM PST · by TigerLikesRooster · 16 replies
    Irish Times ^ | Fri, Nov 7, 2014
    ECB ready to pump €1 trillion into euro zone economy Central bank ramps up efforts to rescue single currency bloc from deflation risk The European Central Bank is ready to inject up to €1 trillion of new liquidity into the euro zone economy as it ramps up efforts to rescue the single currency bloc from the risk of Japanese-style deflation, Mario Draghi confirmed yesterday. The ECB president also said the central bank’s governing council was unanimous in its commitment to use further unconventional tools, including quantitative easing, should economic conditions deteriorate. He added that the central bank had stepped up...
  • EU auditors refuse to sign off more than £100 billion of its own spending

    11/05/2014 1:37:34 AM PST · by Olog-hai · 4 replies
    Daily Telegraph (UK) ^ | 10:00PM GMT 04 Nov 2014 | Bruno Waterfield and Peter Dominiczak
    The European Union is accused of “breathtaking hypocrisy” for continuing to demand that David Cameron pays a £1.7 billion bill despite its own auditors failing to give a clean bill of health to more than £100 billion of spending by Brussels. According to the annual report of the European Court of Auditors, seen by The Telegraph, £5.5 billion of the EU budget last year was misspent because of controls on spending that were deemed to be only “partially effective” by experts. The audit, published this morning, found that £109 billion out of a total of £117 billion spent by the...
  • European authorities aim to purge weak banks

    10/23/2014 4:29:52 AM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Oct 23, 2014 6:22 AM EDT | David McHugh
    Europe’s biggest banks are facing a day of judgment as the European Central Bank prepares to unveil the results of a yearlong search through the dark corners of their finances. It’s a step that comes none too soon for the struggling economy of the 18-country eurozone. The ECB review to be unveiled Sunday seeks to identify banks that are too weak to lend to businesses or make it through another recession and force them to strengthen their finances. It includes a detailed look at 130 banks’ loans, holdings and investments, as well as a so-called stress test that simulates how...
  • Do German unions have too much power?

    10/21/2014 11:07:15 PM PDT · by Olog-hai · 1 replies
    TheLocal.de ^ | 21 Oct 2014 15:29 GMT+02:00 | Sabine Devins
    Germany’s pilots and train drivers are taking it in turns to bring the country to a standstill with strikes that have cost the economy tens of millions of euros in the last two weeks. Are unions abusing their power or standing up for their rights? After a 50-hour strike by the train drivers unions, GDL, Deutsche Bahn said the loss of the weekend’s services cost the company “tens of millions of euros”. One analyst said that the latest strike in escalating industrial action by pilots union Cockpit will cost Lufthansa €30 million. But all parties accuse the other of the...
  • Older workers can have extra days off (says labor court in Germany)

    10/21/2014 6:38:11 AM PDT · by Olog-hai · 9 replies
    TheLocal.de ^ | 21 Oct 2014 14:26 GMT+02:00 | (DPA/The Local)
    Older workers in Germany are allowed more time off than younger ones, a court ruled on Tuesday, saying the difference was not discriminatory. Younger employees of a shoe manufacturer in Rhineland-Palatinate brought a case against their employer for giving two extra days off per year to their colleagues aged 58 and over and appealed it to the country’s highest labor court. But Germany’s anti-discrimination law (AGG) allows for different treatment for workers based on their age, experience or length of service under certain conditions, the judges said. …
  • Europe emission targets 'will fail to protect climate'

    10/20/2014 4:27:08 PM PDT · by Oldeconomybuyer · 4 replies
    BBC News ^ | October 20, 2014 | By Roger Harrabin
    Europe’s leaders are about to consign the Earth to the risk of dangerous climate change, a UN expert says. Prof Jim Skea, a vice-chair of the Intergovernmental Panel on Climate Change, says the EU’s plan to cut CO2 emissions 40% by 2030 is too weak. He says it will commit future governments to “extraordinary and unprecedented” emissions cuts. The Commission rejected the claim, saying the 40% target puts Europe on track for long-term climate goals. Prof Skea believes governments are setting targets by what appears to be politically achievable rather than what is necessary to transform the way we make...
  • EU's triple whammy: Recession, deflation, and debt

    10/16/2014 7:34:02 AM PDT · by SeekAndFind · 5 replies
    American Thinker ^ | 10/16/2014 | Rick Moran
    Here we go again. Another sovereign debt crisis on the periphery of the EU is underway and many of the same factors that led to previous debt meltdowns are present. Germany is headed for a triple dip recession. Continent-wide deflation is nearly a reality. And many EU nations are smashing the debt limits demanded by treaty, thus threatening the Euro itself. All of this is impacting the percentage of debt in relation to GDP in several countries, making government bonds more expensive and debt servicing a nightmare. The Hill: Among Europe's most recent economic tremors has been the growing evidence...
  • Eurozone in danger of repeating Japanese stagnation, IMF chief warns

    10/10/2014 6:07:07 AM PDT · by TigerLikesRooster · 10 replies
    euobserver ^ | 2014/10/10 | Benjamin Fox
    Eurozone in danger of repeating Japanese stagnation, IMF chief warns By Benjamin Fox BRUSSELS - International Monetary Fund boss Christine Lagarde has warned that the eurozone risks following Japan and falling into a prolonged cycle of recession and stagnation. Speaking on Thursday (9 October) ahead of the IMF's annual meeting in Washington DC, Lagarde said: “We have also alerted to the risk of recession in the eurozone", putting the likelihood of a drop in output at "between 35-40%, which is not insignificant". “We are not saying that the eurozone is heading towards recession, but we are saying that there is...
  • Where tax goes: fish farms and frog tunnels (Germany)

    10/09/2014 9:23:27 AM PDT · by Olog-hai · 6 replies
    TheLocal.de ^ | 09 Oct 2014 08:00 GMT+02:00
    This year the Taxpayers’ Alliance (BdS) has focused on unprofitable businesses run by local governments in its annual “Black Book” of government waste—but still found space to name and shame some of the biggest money sinks in Germany. […] The BdS is campaigning for local administrations to limit themselves to infrastructure and basic services for their citizens in local ventures, rather than some of the luxury offerings including cinemas and spas from certain communes. That’s businesses like a saltwater fish farm in the Saarland, 600 kilometers from the sea, and a loss-making publicly-owned vineyard are in the organization’s sights. But...
  • Industrial output collapse blamed on holidays (Germany)

    10/08/2014 7:45:12 AM PDT · by Olog-hai · 7 replies
    TheLocal.de ^ | 07 Oct 2014 10:24 GMT+02:00 | (AFP/The Local)
    German industrial production dropped at its fastest rate since 2009 in August, weighed down by falling manufacturing and construction output. The latest set of poor economic figures have prompted fears of a recession. […] Manufacturing output fell by 4.8 percent and construction output was down by 2.0 percent while energy construction output edged up by 0.3 percent, the (economy) ministry calculated. It blamed the fall in August on the summer break, saying production output was affected “by the late position of the summer holidays”.
  • Investors buy German debt at negative rates

    09/17/2014 12:06:48 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Sep 17, 2014 1:15 PM EDT | David McHugh
    Investors have bought billions of euros in German treasury notes that pay negative interest—meaning the purchasers agreed to pay a small fee for the privilege of lending the German government their money. […] Germany auctioned €3.34 billion ($4.3 billion) Wednesday in two-year notes at an average yield of minus 0.07 percent. Rates are very low all over, and German debt is considered ultra-safe, so security-minded investors are paying for safety. Expectation the European Central Bank will buy bonds has also driven down yields, which move opposite to prices. And the small negative yield on the notes is still a better...
  • For Europe’s vast unemployed, hopes remain dim

    09/06/2014 6:19:31 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Sep 6, 2014 9:02 AM EDT | Paul Wiseman
    For the struggling Spanish shopkeeper or the Portuguese restaurant owner, the European Central Bank’s latest economic stimulus plans won’t likely provide much relief anytime soon. If ever. Confronting a stalled economy and painful unemployment across Europe, the ECB is doing what it can. It surprised economists and investors Thursday by cutting its benchmark interest rate to a record-low 0.05 percent. And it announced plans to pump money into the financial system by buying bonds backed by assets such as auto and credit-card loans. But Europe faces a crushing array of problems—from burdensome regulations to growth-killing budget policies—that analysts say remain...
  • Dying town centers seek the miracle cure (Germany)

    08/21/2014 1:34:28 AM PDT · by Olog-hai · 7 replies
    TheLocal.de ^ | 20 Aug 2014 15:50 GMT+02:00 | Tomas Urbina
    Home to two thirds of Germany’s population, many of its small cities and towns are struggling to revive their declining centers. […] Big box stores on their outskirts, online shops and the proximity of larger, better serviced cities have all eaten away at the share of the retail market available to businesses that once thrived in smaller towns, says the expert in trade and retail at Niederrhein University. In Delmenhorst, it’s a perfect storm. The retiree Bieler has watched big retail chains like Kik and Kaufland set up and thrive on the outskirts. And he’s seen how people gravitated more...
  • 1 in 4 plagiarized tech goods made in Germany

    08/08/2014 5:33:04 PM PDT · by Olog-hai · 1 replies
    TheLocal.de ^ | 08 Aug 2014 16:45 GMT+02:00 | (DDP/The Local)
    German companies are ranked second in the world for industrial plagiarism, a global study released on Friday found. Just under a quarter of all plagiarized technical products examined were sold by a German company, the study by the Federation of German Machine and Equipment Builders (VDMA) has found. Germany was behind China, but ahead of Turkey and India in terms of the number of copies sold. Most German firms involved in plagiarism targeted competitors in the high-tech sector, in contrast to Chinese manufacturers, which usually copied low-quality goods. …
  • Canada-EU free trade deal may pave way for US agreement

    08/06/2014 10:38:43 PM PDT · by Berlin_Freeper · 1 replies
    bbc.com ^ | 6 August 2014 | BBC
    Canada and the European Union have agreed the final text for a free trade agreement that could provide a blueprint for a US-EU trade deal. Tuesday's deal will cut tariffs between Canada and the EU by 98% and could boost trade by 20%, or about $20bn.
  • Germany’s students fail to graduate in time

    07/28/2014 10:25:33 PM PDT · by Olog-hai · 5 replies
    TheLocal.de ^ | 28 Jul 2014 14:32 GMT+02:00
    Leaked figures show the average student in Germany still takes around four years to complete a bachelor’s degree, suggesting controversial reforms to higher education have so far failed to cut down the number of Germany’s perpetual students. Reforms to reduce degree times have not yet cut down on numbers of so-called “Dauerstudenten”—eternal students who can take up to six years for their undergraduate degree before embarking on a lengthy master's course. Under the old German system, students were allowed to take semesters off to work, earn cash, travel, do work experience placements or study abroad. This led to lengthy degrees...
  • US Ambassador: Beyond growth, TTIP must happen for geostrategic reasons

    07/17/2014 12:31:27 PM PDT · by Olog-hai · 6 replies
    EurActiv ^ | 17/07/2014 - 12:14 | (Daniela Vincenti)
    The United States and Europe must work constructively to finalise the Transatlantic Trade and Investment Partnership not only to boost jobs and growth. “There are critical geostrategic reasons to get this deal done, and every day I am reminded of the global context of why we are negotiating TTIP,” said US Ambassador to the EU, Anthony Gardner in an exclusive interview with EurActiv. Anthony L. Gardner was sworn in as the US Ambassador to the European Union on February 18, 2014. Prior to assuming his current position, for six years, Ambassador Gardner was Managing Director at Palamon Capital Partners, a...
  • German draft law clears path for EU to directly fund ailing banks

    07/11/2014 10:12:12 AM PDT · by Olog-hai
    EU Observer ^ | 07/10/14 @ 11:04 | Benjamin Fox
    The EU’s bailout fund has moved closer to being able to directly pump money into troubled banks after the German government introduced a bill allowing direct bank recapitalization. The draft law will now require approval in the Bundestag, but is planned to enter into force in November. “This is an important step to stabilize our financial sector … and to increase further the trust in our common European currency,” said finance minister Wolfgang Schäuble on Wednesday (9 July). He added that the law would help “rule out the risk that the taxpayer would have to accept liability, as in the...
  • Europe’s attention finally shifts from bailouts to tax cuts

    07/08/2014 10:23:15 AM PDT · by Olog-hai · 4 replies
    EU Observer ^ | 07/08/14 @ 19:10 | Benjamin Fox
    It is a sign that the European economy is no longer in crisis territory that tax cuts rather than bailouts dominated Monday’s (7 July) meeting of eurozone finance ministers. Ministers at the monthly Eurogroup meeting agreed to sign off the next €1 billion tranche of Greece’s bailout program almost as an afterthought. Instead, the main item of discussion focused on how they can cut business costs and increase the pay packet of the average European. In its annual set of economic recommendations to the EU’s 28 countries last month, the European Commission urged 11 euro-area countries to reduce their so-called...
  • Merkel argues for sustainability, economic growth

    07/08/2014 2:31:51 AM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Jul. 8, 2014 3:06 AM EDT
    German Chancellor Angela Merkel called on Chinese youth on Tuesday to help protect the environment and conserve energy, telling a group of elite university students that sustainability does not have to come at the cost of economic growth and can ensure a better world. In a speech at Tsinghua University in Beijing, one of China’s top universities, Merkel said it does not make sense to separate economic performance, environmental protection and social responsibility. “Sustainable development does not sacrifice economic growth. This is a misunderstanding. Sustainable development gives us a new opportunity to create wealth,” Merkel said at the end of...
  • [UK] Work program ‘incompatible’ with EU human rights laws, says judge

    07/04/2014 7:31:55 AM PDT · by Olog-hai · 7 replies
    Daily Telegraph (UK) ^ | 11:53AM BST 04 Jul 2014 | Peter Dominiczak
    Iain Duncan Smith has pledged to appeal after a judge ruled that emergency legislation introduced over a flagship back-to-work program is “incompatible” with European human rights laws. The Department for Work and Pensions (DWP) said that it “disagrees” with Mrs. Justice Lang, who said that retrospective legislation introduced interfered with the “right to a fair trial” under the European Convention on Human Rights. Human rights lawyers said the judgment was a “damning assessment” and, if upheld on appeal, could lead to some £130 million having to be paid out to thousands of jobseeker’s allowance claimants denied benefits under the schemes....
  • The student dream? Make me a bureaucrat (Germany)

    07/03/2014 8:41:24 AM PDT · by Olog-hai · 8 replies
    TheLocal.de ^ | 03 Jul 2014 07:59 CET
    Students at German universities have shown themselves to be a risk-free lot in a survey by Ernst & Young. The civil service is their most popular choice of future profession, while job security is valued above all else. […] The number was higher for female students (36 percent), but government work also came in first among men with 23 percent choosing it as their preferred career path. […] Other future positions popular with students were in the fields of science (19 percent) and culture (17 percent). Consultants and auditors were the private sector jobs most interesting for students in Germany...
  • Parliament passes minimum wage bill (Germany)

    07/03/2014 8:35:22 AM PDT · by Olog-hai · 2 replies
    TheLocal.de ^ | 03 Jul 2014 13:30 GMT+02:00 | (DPA/The Local)
    German lawmakers on Thursday voted to introduce a minimum wage of €8.50 per hour, despite criticism from both unions and employers of the new law. While employers said the law could cost jobs, unions criticized the final version for falling short. […] Labor Minister Andrea Nahles praised the government’s bill before the vote. “Cheap, unprotected—that is over,” Nahles told lawmakers. Her center-left Social Democrats (SPD) had made the minimum wage a condition for joining Chancellor Angela Merkel’s conservative Christian Democrats (CDU) in a coalition government at the end of last year. …
  • More Money Please: A New Plan to Boost Europe’s Straggling Investments

    07/01/2014 4:38:22 PM PDT · by Olog-hai
    Der Spiegel ^ | July 01, 2014 – 05:37 PM | Christian Reiermann
    The euro crisis may have eased recently, but companies and countries in the common currency zone still aren’t investing enough to fuel growth. The best solution, a Berlin economics institute argues, is to establish an EU-wide investment fund. […] But simply ratcheting up public expenditures, as some Southern European governments have advocated, is not a sound strategy for improving the situation, the [German Institute for Economic Research (DIW)] believes. “One of Europe’s biggest weaknesses is the lack of private investments,” (Marcel) Fratzscher says. “We have to close the gap by way of a European investment agenda.” …
  • Germany to push for economic reforms in G7

    06/29/2014 5:40:43 PM PDT · by Olog-hai · 3 replies
    TheLocal.de ^ | 29 Jun 2014 17:12 GMT+02:00 | (AFP)
    Germany wants to promote structural economic, financial market and tax reform when it takes over the presidency of the G7 club of rich nations next week, German media reported on Sunday. Member states must “join forces to support an even stronger economic recovery”, Finance Minister Wolfgang Schäuble and central bank chief Jens Weidmann said in a written message to other G7 members, the Handelsblatt business daily said. […] Germany—the Eurozone’s largest economy—also called for progress to address “the remaining gaps in financial market regulation”, including shadow banks, and on the automatic exchange of tax information. Schäuble also wants to promote...