Germany's economy shrank by 0.3% in the second quarter compared with the first three months of the year, as demand from its top trading partner the United States slowed following months of buying ahead in anticipation of U.S. tariffs.
Mitsubishi’s wind-power retreat is a blow to Japan's alternative-energy goals, although researches say the situation might have been unique. https://www.japantimes.co.jp/business/2025/08/28/economy/mitsubishi-wind-power/?utm_medium=Social&utm_source=mastodon #business #economy #mitsubishi #wind #renewables #energy #environment
The EU will seek to fast track legislation to remove all tariffs on US industrial goods to meet a demand made by Trump. 🤡
https://finance.yahoo.com/video/eu-propose-removing-us-tariffs-093154535.html
The left and right have united to bring down the government in an upcoming confidence vote. The crisis stems from French debt soaring toward 120% while deficit remains stubbornly high.
Macron’s reforms failed; now, even considering an IMF bailout is on the table. Political paralysis blocks any credible budget, risking a doom loop of rising borrowing costs, stalled growth, and deeper national decline.
Germany's auto industry have cut more than 51,000 jobs over the past year as weak demand, U.S. tariffs and the costly shift to electric vehicles weighed heavily on the sector.
Employment in the auto sector fell by nearly 7% over the 12 months to June, making it the hardest-hit branch of German industry, according to the report,
Across the broader industrial sector, headcount dropped by about 114,000 to 5.42 million, down 2.1% year-on-year.
https://english.news.cn/europe/20250826/5ec8e2c6b5d543ebbb7cd8e4e5cf53ca/c.html
#Racism, like #imperialism itself, is not a side-show to #capitalism but a structurally necessary feature of it. It is not a standalone problem that can be addressed with a few #liberal #reforms here & there. It has always been central to capitalism & it remains that way today.
#Politics#Democrats#Republicans#Liberals#Conservatives#Vote#Election#DemocraticParty#RepublicanParty#DonaldTrump#Trump#JoeBiden#Biden#KamalaHarris#TimWalz#Democracy#US#USA#Musk#Fascism#Fascist
Overcoming #capitalism - in other words, transitioning to a #democratic #socialist #economy - is ultimately necessary to end structural #racism & #imperialist #violence.
#Politics#Democrats#Republicans#Liberals#Conservatives#Vote#Election#DemocraticParty#DNC#RepublicanParty#RNC#GOP#DonaldTrump#Trump #JDVance#Vance#JoeBiden#Biden#KamalaHarris#Harris#TimWalz#Walz#Democracy#US#USA#ElonMusk#Musk#Fascism#Fascist#BernieSanders#Sanders#AOC#FraudSquad#Progressive
This cannot be sustained for long within a bounded #economy. If you intensify the #exploitation of your domestic #workingclass & #resource base in this way, sooner or later you will face a #revolution.
#Politics#Democrats#Republicans#Liberals#Conservatives#Vote#Election#DemocraticParty#DNC#RepublicanParty#RNC#GOP#DonaldTrump#Trump #JDVance#JoeBiden#Biden#KamalaHarris#TimWalz#Democracy#US#USA#ElonMusk#Musk#Fascism#Fascist#BernieSanders#AOC#FraudSquad#Progressive
"Perhaps the most important thing to understand about Trump’s mobster state capitalism is that it isn’t about economic efficiency or stimulating growth, let alone a vision of how the economy works and what it should create. It’s about power, pure and simple. Trump is expanding his own personal power in every direction he can — over Congress, over universities, over civil society, and over American business."
Paul Waldman discusses Trump's "mobster state capitalism":
"What distinguishes Trump’s version of state capitalism from what you might find in other places is its random character, with every decision driven by the whims of one erratic man."
#Trump #authoritarianism #fascism #dictator #economy
/13
https://www.publicnotice.co/p/trump-intel-mobster-state-capitalism-china
Statistics Canada reported last month that the income gap reached a record high this year. During the first quarter of 2025, the top 40% of Canadian households captured 66.2% of all after-tax income in Canada. The bottom 40 per cent shared just 17.2% of income.
Employers in the U.S. announced more than 62,000 job cuts in July, marking a 29% increase from June and a 140% increase from the nearly 26,000 layoffs recorded in July 2024, according to a July 31 report from Challenger, Gray & Christmas.
bhaugen
boosted
This bears repeating: despite the massive #productivity of the world #economy, nearly one-third of the #human population does not have secure access to #food.
#Politics#Democrats#Republicans#Liberals#Conservatives#Vote#Election#DemocraticParty#DNC#RepublicanParty#RNC#GOP#DonaldTrump#Trump #JDVance#Vance#JoeBiden#Biden#KamalaHarris#Harris#TimWalz#Walz#Democracy#US#USA#ElonMusk#Musk#Fascism#Fascist#BernieSanders#Sanders#AOC#FraudSquad#Progressive#Progressives
This bears repeating: despite the massive #productivity of the world #economy, nearly one-third of the #human population does not have secure access to #food.
#Politics#Democrats#Republicans#Liberals#Conservatives#Vote#Election#DemocraticParty#DNC#RepublicanParty#RNC#GOP#DonaldTrump#Trump #JDVance#Vance#JoeBiden#Biden#KamalaHarris#Harris#TimWalz#Walz#Democracy#US#USA#ElonMusk#Musk#Fascism#Fascist#BernieSanders#Sanders#AOC#FraudSquad#Progressive#Progressives
German industry sheds almost 250,000 jobs in worsening downturn, study shows.
Kenya in talks with China to convert dollar rail loan into yuan.
Most US companies with operations in China aren’t planning to leave the country despite the challenges posed by tariffs, according to a survey late last month by the American Chamber of Commerce in China.
A third of the U.S. economy is already in a recession or at high risk, and another third is stagnating according to Moody’s Analytics chief economist Mark Zandi.
Bjørnar (he/him)
and 1 other
boosted
It's obviously insane that we have organised our economies in such a way that politicians encourage people to spend extravagantly during an extinction event. Make every day Buy Nothing Day. Read a library book, take a long walk, mend your socks. Be frugal, be ascetic, strive not to consume. You are not responsible for heating up "the market".
It's obviously insane that we have organised our economies in such a way that politicians encourage people to spend extravagantly during an extinction event. Make every day Buy Nothing Day. Read a library book, take a long walk, mend your socks. Be frugal, be ascetic, strive not to consume. You are not responsible for heating up "the market".