Europeans are becoming poor and the middle class is gone
Two out of every five Europeans cannot pay their bills. 46% say they have grown destitute. In Italy, one in every three people has given […]
Category: Economy
Shadow banks out of control: Is the mother of all crises imminent?
The dominance of hedge funds and other shadow banks grows, as does the likelihood of a disaster. It’s past time to put them on a […]
Florida is the most popular location for Americans wishing to relocate
Despite the softening of the country’s real estate market, the southeastern peninsula retains its allure and remains the location most desired by purchasers. Miami, Florida […]
Germany and the Netherlands close to the EU industry-saving fund
France and Italy have requested a new fund in response to the US strategy to combat inflation, which threatens to drive businesses out of the […]
Inflation in the Eurozone is expected to reach a record high 10.7%
According to Eurostat, the energy sector will experience the highest annual inflation rate, which is forecasted to be 41.9%; the nations of Eastern Europe will […]
Third profit warning: Adidas stock and the Rorsted problem
The Adidas stock price continues to fall as the company’s on-call CEO and profit-focused strategy lead to nothing but waste. Its value has plummeted since […]
Why the excess profit tax is needed in Europe?
Despite the economic downturn, a large number of companies are reporting record profits. Now is as good a moment as any to demand payment. [EU […]
Inflation hits double digits in Austria, highest since 1952
The preliminary estimate provided by Statistics Austria indicates that the annual rate of inflation most likely reached 10.5 percent in the month of September. [Vienna, […]
Germany attempts to say goodbye to Made in China
The German Ministry of Economy is now contemplating a package of steps to lessen the appeal of the Chinese market and, as a result, diminish […]
