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The head of Germany’s largest regional gas company GASAG, Georg Friedrichs, against the background of the gas crisis that covered the EU countries, gave German residents advice on how to survive the winter.

 

In an interview with the Berliner Zeitung, excerpts from which are published by RIA Novosti, he recommended that the Germans reduce the time spent in the shower, since almost 20% of the heat is consumed for hot water. Therefore, in his opinion, it is better to reduce showering, rinsing and washing hands to a minimum.

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Tuji investitorji v Leku pokradli vec kot 100 milijonov delavcem. Vrniti so pripravljeni cetrtino. 

 

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SLOVENIJA

Lek v škodo svojim zaposlenim 20 let napačno obračunaval plače

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Oškodovanih naj bi bilo vsaj 3000 zaposlenih za obdobje 20 let, torej od leta 2003 naprej, ko je Lek prevzel Novartis, skupna škoda pa znaša 100 milijonov evrov, je prepričan delavec: "V bistvu smo bili prikrajšani za okoli 100 evrov na mesec, nekateri pa še več."

https://www.24ur.com/novice/svet/lek-svojim-zaposlenim-20-let-napacno-obracunaval-place.html

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https://www.rtvslo.si/slovenija/blazenje-energetske-draginje-vlada-naj-bi-dolocila-maloprodajno-ceno-elektricne-energije/634161

 

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Vlada bo predvidoma nadaljevala s prejemanjem ukrepov za blažitev rasti cen energije. Minister za infrastrukturo Bojan Kumer je napovedal ciljane ukrepe, po napovedih pa naj bi vlada določila ceno električne energije za gospodinjstva in malo gospodarstvo.

 

Wait, a ni bilo pogubno, ko je Janša določal ceno za energente? :D 

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where'we at?

 

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If we look at the models that measure various aspects of economic activity, the major G7 economies seem to have contracted in Q2 of this year. The Atlanta Fed Now model puts US GDP contracting by an annual rate of 1.2%.

And the Euro-Area weekly tracker also suggesting contraction of about annual rate of 1% there.

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Jan Hatzius, chief US economist at Goldman Sachs, said there is “no doubt that a labour market slowdown is under way”, adding that “job openings and quits are declining, jobless claims are rising, the ISM employment indices in manufacturing and services have fallen to contractionary levels, and many publicly traded companies have announced hiring freezes or slowdowns”.

The frightening thought for the US economy is that if inflation rates stay high and unemployment stays low, then it may take two recessions to kill inflation and smash jobs, the ultimate aim of the Fed and the authorities.  That’s what happened between 1980-82 – a double-dip recession.

That’s the US economy, where the recovery from the COVID slump has been greatest among the major economies – although that is not saying too much.  The situation is much worse in stagnant Japan and in Europe where the Russia-Ukraine crisis portends a major energy crisis

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Russia now sells more oil than before it invaded Ukraine.  So Russia’s current account surplus is likely to be over $160bn (more than 3.5 times the previous year), with more oil sold to China and India to compensate for the drop to Europe. 

But what could trigger an even a deeper recession in Europe and globally would be if the G7/NATO countries go ahead with their plan to introduce price caps on Russian oil.  The only way the G7 sees how to bring down oil prices and deprive Russia of oil revenues to finance its war is to price cap Russian oil.  The cap would presumably be set between the cost of producing Urals (say $40/bbl) and its current discounted sale price of $80/bbl.

 

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Most important, rising global interest rates will likely provoke yet more debt crises in the Global South.  Total debt in these poor countries is already at a record high of an average 207% of GDP.

Corporate debt in the major advanced countries is also at a record high, with as much of 20% of companies getting profits below the cost of servicing that debt This remains a ticking time bomb for a corporate debt meltdown.  And the countdown is ticking closer to zero.

https://thenextrecession.wordpress.com/2022/07/13/energy-the-recession-trigger/

 

oogabooga

uredilo bitje Vrhovni_Plenum_OF
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  • 3 tedne kasneje...
maksi reče pred 11 urami:

Iz ljubljanske avtopralnice prihajajo pričevanja o hudem izkoriščanju in nasilju nad delavci iz Indije, ki naj bi delali 62 ur na teden. Ko so prišli v Slovenijo, so jim vzeli potne liste. Zaradi groženj so pobegnili.

Zokanovi prijatelji so jih baje imeli čez. Poroča Požar

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