Tag #Economy

taz.de
🌐 75% Global Worthiness
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German Inequality: Austerity Fuels Anxiety Over Social Justice

Widespread job cuts in German industries, coupled with billions in shareholder payouts and government austerity measures targeting social programs, expose deep inequalities and fuel public anxiety surrounding wealth redistribution, despite the fact that many would benefit from such measures.

Progress

68% Bias Score

forbes.com
🌐 75% Global Worthiness
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Money Printing and Government Spending: An Unsustainable Approach

Funding government spending through money printing would cause the dollar to lose value, halting economic activity and government operations because the dollar's value is tied to the production of goods and services.

Progress

68% Bias Score

Reduced Inequality
us.cnn.com
🌐 75% Global Worthiness
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US Black Friday Sales Up 3.4% Despite Earlier Holiday Discounts

US Black Friday retail sales increased by 3.4% year-over-year, with online sales surging 14.6% while in-store sales grew less than 1%, driven by strategic consumer spending despite earlier-than-usual holiday discounts; online sales reached $10.8 billion, exceeding the $9.8 billion from 2023.

Progress

40% Bias Score

welt.de
🌐 65% Global Worthiness
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Mixed Start to German Christmas Retail Season

German retailers experienced a mixed start to the Christmas season in the week before Advent, with larger stores and city center locations performing better than smaller businesses and those in less central areas; while larger stores and those in city centers reported higher satisfaction, almost two...

Progress

44% Bias Score

zeit.de
🌐 65% Global Worthiness
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Mixed Start to German Christmas Retail Season: Strong Performance in Key Areas, Weak Clothing Sales

German retailers experienced a mixed start to the 2023 Christmas season, with larger stores and those in central locations outperforming smaller businesses and those in less central areas, amidst a cautious consumer climate and weak clothing sales, despite an overall projected 1.3% sales increase co...

Progress

36% Bias Score

Decent Work and Economic Growth
apnews.com
🌐 85% Global Worthiness
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Ruble Plunges to 109 Against Dollar, Exacerbating Russia's Economic Challenges

The Russian ruble fell to 109 against the US dollar on Friday, impacting consumer prices and challenging the Kremlin's economic balancing act of funding the war in Ukraine while managing inflation; the central bank raised interest rates to 21% in response.

Progress

36% Bias Score

dw.com
🌐 75% Global Worthiness
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IG Metall Strikes Hit All VW German Plants

Following failed negotiations on job cuts and salary reductions, IG Metall initiated nationwide warning strikes at all German Volkswagen plants starting December 2nd, 2023, impacting roughly 120,000 employees.

Progress

40% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Federal Student Loan Payments: Consequences for Delinquent Borrowers

Following the end of a pandemic-era pause and a subsequent grace period, federal student loan borrowers who fail to make payments risk wage garnishment, credit damage, and ineligibility for certain mortgages, though several aid options exist.

Progress

44% Bias Score

bbc.com
🌐 65% Global Worthiness
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EU Safety Rules Force Changes for Online Sellers to Northern Ireland

Starting December 13th, new EU product safety rules will require Great Britain-based online sellers to designate a responsible person within the EU or Northern Ireland to sell goods there, potentially impacting small businesses who may choose to halt sales to Northern Ireland due to increased compli...

Progress

40% Bias Score

welt.de
🌐 65% Global Worthiness
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Weak Start to Christmas Sales in Baden-Württemberg

A survey of nearly 200 retailers in Baden-Württemberg reveals a 20% drop in sales during the first Advent weekend compared to last year, attributed to continued consumer restraint despite a slight easing of inflation. Retailers remain optimistic, expecting a surge in sales closer to Christmas.

Progress

40% Bias Score

forbes.com
🌐 65% Global Worthiness
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London Bakery Thrives Through Pandemic Pivot to Food Delivery

A London bakery, opening in March 2020, initially used food delivery to survive COVID-19 lockdowns, unexpectedly building a strong customer base and now thrives with both delivery and in-person sales, showcasing adaptability and innovation in crisis.

Progress

36% Bias Score

apnews.com
🌐 85% Global Worthiness
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Mexico Eliminates Independent Agencies, Raising Transparency Concerns

Mexico's Senate eliminated seven independent agencies, including the body overseeing freedom of information requests, raising concerns about transparency and potential trade disputes, despite government claims it will improve efficiency and reduce corruption.

Progress

52% Bias Score