Some of you may recall the discussion about weakening Germany and how sanctioning Russia is destroying Germany? While empowering Poland.
Keeping Germany down has always been a US led NATO goal.. Always.
German Energy Reprieve Too Little, Too Late to Save Factory Jobs
Tag: Jobs
MLK Day Special: Class Struggle and Dr Martin Luther King Jr.
The US claims to honour his memory, even as it defiles his dreams.
MLK Day Special: Class Struggle and Dr Martin Luther King Jr.
Ex-Fed Chief Greenspan Says US Recession Is Likely
[2020] Republicans blasting China forget that the GOP enabled Beijing’s rise
As a deadly pandemic wreaks havoc in an election year, Republicans are leveling relentless attacks against China. To be sure, Beijing’s initial response to the coronavirus outbreak was littered with errors, egregious injustices and conspiracy-mongering.
Republicans blasting China forget that the GOP enabled Beijing’s rise
Related:
What Republicans did 15 years ago to help create Donald Trump today
Urged on by their presidential standard-bearer, Texas Gov. George W. Bush, and by nearly all of the business lobbyists who represented the core of the party’s donor class, three-quarters of House Republicans voted to extend the status of permanent normal trade relations to China. They were more than enough, when added to a minority of Democrats, to secure passage of a bill that would sail through the Senate and be signed into law by President Bill Clinton.
Pentagon Profiteers: Executive Compensation in the Arms Industry
Pentagon Profiteers: Executive Compensation in the Arms Industry
Another way to understand the size of CEO compensation at the big contractors is to look at how many jobs would be created if that $287 million were spent on something else. The answer is that spending that money on productive activities would create thousands of jobs: 2,812 jobs in clean energy or infrastructure; 4,104 jobs in health care; and 4,362 in education, calculated using data on the jobs impact of government spending generated by Heidi Peltier for the Brown Costs of War Project.
German lawmaker joins talks with Taiwan’s president, criticises Chancellor Olaf Scholz’s ‘unilateral’ China policy
German lawmaker joins talks with Taiwan’s president, criticises Chancellor Olaf Scholz’s ‘unilateral’ China policy (Yahoo)
“I think we could have avoided this if the chancellor had followed the outline that we laid down together. One year ago, we said that Germany’s China policy must be strongly integrated with the US-China policy,” he added, stressing that the “coalition contract” also supports Taiwan’s democracy against “China’s aggression” and its “meaningful participation in international organisations”.
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Over the past two decades, business interests have heavily influenced the country’s China policy. Last year, their combined exports and imports stood at more than US$255 billion, making China Germany’s top trading partner for the sixth straight year.
Germany is dependent on China for solar panels, computer chips, rare earths and other critical minerals. The bilateral trade directly supports more than 1 million German jobs.
Germany’s top 10 listed companies are reliant on China for a significant share of their revenues. According to the Rhodium Group, a New York-based research institute, automakers BMW, Mercedes-Benz and Volkswagen and chemical giant BASF accounted for one-third of all EU investments in China in the past four years.
The Greens are idiots!
Is the cure for inflation worse than the disease?
The last year of inflation has disproportionately hurt low-income and nonwhite families — those with the least flexibility in their monthly budgets to absorb higher prices.
Is the cure for inflation worse than the disease?
Weak US jobs report not weak enough: Financial markets plunge
The U.S. Bureau of Labor Statistics (BLS) reported Friday morning that just 263,000 jobs were added in the month of September, down from 315,000 in August. The total of new jobs matched the previous low, in April of 2021, for monthly job creation over the past 20 months.
Weak US jobs report not weak enough: Financial markets plunge
Rail strikes: RMT chief Mick Lynch says Sir Keir Starmer must ‘cosy up to working class people’ to be effective in Opposition + UK Truss government delivers class war budget
Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act
Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act
In June, Johan DeNysschen, the COO of Volkswagen of America, told Bloomberg his company is considering the construction of a battery manufacturing facility in North America. That would satisfy the requirement in the Inflation Reduction Act that batteries are manufactured in the US or other countries that are approved trading partners. According to the current North American free trade agreement, American trade officials consider anything made in Canada or Mexico to be domestically produced.
But manufacturing is one thing, The IRA goes further and requires the materials used to manufacture products also be sourced from approved trading partners. Canada is certainly one of them.
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Then the roof fell in. The IRA only applies to vehicles built in the US, and that Georgia factory was not scheduled to be up and running until 2025. Two weeks ago, Hyundai and Kia vehicles imported from South Korea were eligible for the federal EV tax credit of up to $7,500. After the IRA was signed into law, they are eligible for nothing. The South Korean government is considering bringing the matter to the World Trade Council, but according to Reuters, Hyundai will now speed up construction of its new Georgia factory.
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In the final analysis, that may be a good thing for America. Globalization left many countries like the US vulnerable to the machinations of crooks, thieves, and lunatics. The cheapest solution is often not the best solution.
Interesting that South Korea isn’t an “approved trading partner”. Then again, they’re not part of the USMCA. I suppose this is good for bringing some jobs to America.
Ms. Cat’s Chronicles 
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