Germany needs ‘small miracle’ to avoid recession after exports fall by 5.8% | Business | The Guardian.
The fall in exports comes as sanctions between Russia and Europe and a flagging economy in the wider eurozone take their toll on Germany. Photograph: Frank Augstein/AP
German exports suffered the biggest monthly fall in more than five and a half years in August, leaving Europe’s largest economy in need of “a small miracle” to avoid recession in the third quarter.
Exports fell by 5.8% compared with July to €92.6bn (£72.8bn). The decrease is the latest sign of (Read more…)
Five charts that show Germany is heading into recession | Business | theguardian.com.
Germany is on brink of recession Photograph: Bloomberg/Bloomberg via Getty Images
Germany is on the brink of recession. Recovery in Europe’s powerhouse went into reverse in the second quarter when the economy shrank by 0.2%.
All the evidence suggests the weakness persisted in the third quarter amid tensions between Russia and the West over Ukraine and a flagging recovery in the eurozone economy.
Here are five charts underpinning expectations of a fresh German recession.
Germany’s trade position is deteriorating
German exports fell by 5. (Read more…)
Germany has done something that the rest the developed world should copy: reducing post-secondary tuition fees to zero. Open and accessible education is key to making a richer and more prosperous country – Germany clearly gets this. In these modern times education is more important than ever so it’s really great to see
“We got rid of tuition fees because we do not want higher education which depends on the wealth of the parents,” Gabrielle Heinen-Kjajic, the minister for science and culture in Lower Saxony, said in a statement. Her words were echoed by many in the German government. “Tuition (Read more…)
Merkel seeks Spanish support for unpopular austerity measures | In English | EL PAÍS.
German Chancellor Angela Merkel traveled to Spain on Sunday for a two-day trip aimed at securing Spanish support for her austerity policies, now under fire in the European Union.
In return, Spanish Prime Minister Mariano Rajoy is seeking Merkel’s help to place two of his officials in top European positions. Specifically, Rajoy wants former agriculture minister Miguel Arias Cañete to receive a relevant economic portfolio, and current economy minister Luis de Guindos to head the Eurogroup, or gathering of European finance chiefs.
Merkel is currently under (Read more…)
by: Obert Madondo Follow @Obiemad | Published Wed, Aug 13, 2014
The finer details of the controversial and highly secretive Canada-EU trade deal, the Comprehensive Economic and Trade Agreement (CETA), is now available to the Canadian and global publics for much-needed scrutiny.
Germany television show Tagesschau leaked the full text of the deal earlier today.
The full text is available at: http://www.tagesschau.de/wirtschaft/ceta-dokument-101.pdf
The Council of Canadians is one the leading critics of the CETA deal here in Canada. In a statement posted on the organization’s website earlier, the Council welcome the leak.
“Throughout the process, (Read more…)
Here, on how we should take Germany’s rightful concern over investor-state dispute settlement provisions as an opportunity to reevaluate what we expect to accomplish through trade and investment agreements such as CETA.
For further reading…- Peter Clark, Michael Geist and Scott Sinclair discuss Germany’s objections to new trade agreements with Canada and the U.S. in particular, while reminding us why we should be wary of handing undue power to the corporate sector as well. And Nathalie Bernasconi-Osterwalder and Rhea Tamara Hoffmann discuss (PDF) Germany’s past experience with ISDS in detail.- Meanwhile, Patricia Ranald notes that (Read more…)
Finally, someone has said enough to the erosion of democracy brought about by “trade” agreements. From NAFTA to the proposed Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union, these agreements have eroded the power of governments in favour of investors.
International agreements are, in themselves, a very good idea, one way of imposing orderly behaviour
Gavrilo Princip under arrest. Below: Princip and the Archduke Franz Ferdinand.
Today is the centenary of the day Gavrilo Princip took his little Belgian pistol to Sarajevo and blew the heir presumptive to the throne of the Austro-Hungarian empire into history.
As is well known, not long after young Princip caused the demise of Franz Ferdinand, archduke of Austria-Este and royal prince of Hungary and Bohemia, not to mention inspiration for future indie musicians, things went rapidly downhill.
Someone somewhere rolled the dice to score a strategic point or two in the Balkans – one of which, it’s been (Read more…)
D-Day on Juno Beach: Canadians trudge ashore under a strange colorized sky. Below: The distinguished Canadian military historian, the late Reginald H. Roy.
It’s been 70 years today since our magnificent Canadian soldiers went ashore at Juno Beach in Normandy to play their part the grim and deadly task of sweeping Hitler and his odious empire out of Europe.
But Canadians need to remember, in the context of the present moment in history, that what the landings on June 6, 1944, by 156,000 Canadian, British, American and other Allied soldiers along the beaches of Normandy did was open a second (Read more…)
Conversations about democracy tend to revolve overwhelmingly about politics and government. These topics are rightly at the centre of democratic dialogue as they are the overarching institutions of our society. But if we are to have a thoroughly democratic society, we cannot limit ourselves to democratic government. We need to consider all our institutions.
The workplace, for example, is to
Russian President Vladimir Putin gets an eye-opening experience as he is confronted by a topless demonstrator with a message written on her back during a tour of the Hanover Fair in Hanover, Germany, on April 8. He was accompanied by German Chancellor Angela Merkel.NBC.
I think Putin is having fun and thinking bring on more.
German leader flat out states that Obama’s government is little better than the East German Stasi.
“In an angry exchange with Barack Obama, Angela Merkel has compared the snooping practices of the US with those of the Stasi, the ubiquitous and all-powerful secret police of the communist dictatorship in East Germany, where she grew up.
The German chancellor also told the US president that America’s National Security Agency cannot be trusted because of the volume of material it had allowed to leak to the whistleblower Edward Snowden, according to the New York Times.
Livid after learning from Der Spiegel magazine (Read more…)
Germany now has a government that represents a solid majority of the German people. With three-quarters of Social Democrat party members voting to join a coalition with Angela Merkel’s Christian Democrats, the chancellor and her cabinet will now be sworn in.
In September’s national election, the Christian Democrats got 41.5 per cent of the vote and the Social Democrats 25.7 per cent. The Grosse
Merkel’s Victory, Everyone’s Loss: The Burden Of German Mercantilism On Europe.
The electoral victory of Angela Merkel brings bad news to the rest of Europe. Without doubt it means the continuation of the national economic policies that have all the other euro zone countries suffering from recession. While the Christian Democrats and their Bavarian allies narrowly missed an absolute majority, the probability that a coalition partner would moderate austerity polices is close to zero.
Filed under: Austerity, Capitalism, Crisis, Europe Tagged: Germany
Germany has been so effective in tranisitioning from unsustianble (econmically and environemntally) energy sources to renewable ones that it is uncompetitive to burn fossil fuels for power!
“Due to the continuing boom in solar energy, many power stations throughout the sector and across Europe are no longer profitable to operate,” RWE said in a statement.
“During the first half of 2013, the conventional power generation division’s operating result fell by almost two-thirds. The massive reduction in power station margins is a major factor in this development.”
On Tuesday, E.On said it had shut down or left idle 6,500 (Read more…)
Europe’s fiscal crisis has hammered much of the E.U. from Ireland to Britain, Spain, Portugal, France and Greece. Germany, however, has made out like a bandit.
The collapse of every nation around it made German debt much, much more attractive to investors looking for security. So much more attractive that Germany saved 41-billion Euros in interest charges. Sure, Germany put a lot of money into bailouts for countries like Greece but that totalled 599-million Euros to date.
0.6 billion they put out, 41-billion they saved. That sounds pretty good, doesn’t it?
Big Air Package, an indoor installation for the Gasometer Oberhausen, Germany, was conceived in 2010 and is on view from March 16 to December 30, 2013. 90 meters high, with a diameter of 50 meters and a volume of 177,000 cubic meters, the work of art is the largest ever inflated envelope without a skeleton.
Below you will find downloadable, high-resolution photographs by Wolfgang Volz, images of preparatory drawings and collages by Christo and HD video footage for non-commercial editorial press usage in conjunction with Big Air Package. By using the images and/or video footage, you agree to be (Read more…)
More details are out on PRISM, Tempora, and other illegal spying schemes by the NSA and friendly intelligence agencies, apparently even in Germany.
The NSA even has a special department for such cooperation, the Foreign Affairs Directorate, he says. He also exposes a noteworthy detail about how government decision-makers are protected by these programs. The partnerships are organized in a way so that authorities in other countries can “insulate their political leaders from the backlash” in the event it becomes public “how grievously they’re violating global privacy,” the former NSA employee says.
Interviewer [Jacob A. @ioerror]: Are German authorities or (Read more…)
Absolutely, it is easy for you to be more charismatic, though you will never be as appealing as I am. According to Professor Richard Wiseman (I’m not sure what he’s a professor of, but he’s British and his last name … Continue reading →
Algae can be used for all sorts of wonderful things from cleaning up oil to producing energy. Architects in Hamburg have built a building that uses algae to power the complex and it opens this week. The building is meant to be a demonstration of cutting-edge sustainable architecture.
“Using bio-chemical processes in the façade of a building to create shade and energy is a really innovative concept.” says Arup’s research lead for Europe, Jan Wurm. “It might well become a sustainable solution for energy production in urban areas, so it is great to see it being tested in a (Read more…) scenario.”
Arup led the design project, which also included work by Splitterwerks Architects from Austria and Germany’s SSC Strategic Scientific Consult. It was funded by the German government’s “Zukunft Bau” (“Future Construction”) subsidy, which looks to support innovation in the construction industry when it comes to renewable and . . . → Read More: Things Are Good: Algae-Powered Building Opens This Week
Former US Energy Secretary Steven Chu’s recent resignation — his farewell letter is here — is no doubt celebrated in the fuel cell quarters as passionately (or more so) than it is mourned in the rest of cleantech. Early in his term, Chu infamously argued (infamously, at least, to fuel cell enthusiasts) that fuel cell electric vehicles (FCEV’s) needed four miracles for commercial success, namely:
most hydrogen comes from natural gas (so why not just use that as a fuel?) improvements in hydrogen storage were needed fuel cells needed to improve there was no distribution system in . . . → Read More: Eclectic Lip: Steven Chu’s “Time to Fix the Wiring” at four years
With Obama talking the talk on climate action in his State of the Union address yesterday, now seems a good time to start compiling a planned set of blog entries about renewable energy. Many many others have done so online already (as evidenced by the fact I’m linking to them!) but I’d like to communicate my cautiously nascent optimism in my own words.
I’m growingly confident that I’ll live to see renewables dominate global electricity production, as dominantly as oil dominates global transport today, with immense and commensurate environmental benefits.
That moment won’t come a moment too soon, either,
. . . → Read More: Eclectic Lip: Our Renewable Future part 1: clearing “myth”conceptions
Here is a remarkable photography project using garbage dumpsters as pinhole cameras. The city of Hamburg has allowed it’s trash collectors to drill small holes into these portable bins that are loaded with large sheets of light sensitive paper. And the results are often quite stunning!
From their Flickr page -
Hamburg´s garbagemen portrait their city in the Trashcam Project – with their garbage containers. Standard 1.100 litre containers are transformed to giant pinhole cameras. With these cameras the binmen take pictures of their favourite places to show the beauty and the changes of the city they keep clean
. . . → Read More: Walking Turcot Yards: The Trashcam Project
by Brian Lee Crowley | Troy Media | Macdonald Laurier Institute My mother could have told you why giving the Nobel Peace Prize to the European Union would produce such a predictable and deserved outpouring of derision. An aspiring writer, she took a creative writing course. One of the assignments was to describe a single [...]