A Wave of Pessimism

Una oleada de pesimismo (Google Translate)

“Keep calm. Hasty emotions are unnecessary today,” wrote yesterday Mykhailo Podolyak, one of the most belligerent members of the Ukrainian government, reacting to the wave of pessimism and, at times, hysteria that spread across the European continent throughout the day yesterday, focusing on analyzing the implications of the telephone conversation between Vladimir Putin and Donald Trump and the subsequent statements by the president of the United States. “The Trump-Putin conversation reduces tension, but at the expense of Ukraine,” stated the British BBC before the political spin managed to create a continental crisis from an initial conversation whose only agreement is to continue talking. Because despite the adjectives that are being used to describe the contact between the two presidents or the way in which it occurred, the result of the call was the mutual reaffirmation of the importance of peace and the implementation of the mechanisms to schedule a meeting between the two leaders, which will presumably be in Saudi Arabia, and begin a negotiation process.

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Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”

The CEO and president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate business “if it comes with a level of unemployment that puts employers back in the driver seat and allows them to get all their employees back into the office.” The executive, Jordan Kaplan, then repeated that “the thought would be that unemployment would be up. And therefore, employers would be in the driver seat to bring people back in the office, which is where they want them.”

Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”