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Freight Waves (February 26)

2022/ 02/ 27 by jd in Global News

“Russia is not America’s largest trade partner by a long shot — representing less than 1% of the total imports — but many of our largest trading partners, like Germany and China, have strong economic ties to the country.” The conflict in Ukraine “will lead to more supply chain woes,” though there are obviously “many consequences much worse than continued supply chain disruptions and inflation.”

 

Washington Post (September 25)

2021/ 09/ 27 by jd in Global News

“After dominating Germany and, indeed, Europe for so long, Ms. Merkel leaves a legacy of sober, patient leadership, in which she both articulated and modeled democratic values. This was especially important at times when the leaders of other Western nations… did not.” The impact of her departure will be widely felt as “the world’s need for strong champions and exemplars of democracy is greater than ever.”

 

Financial Times (July 18)

2021/ 07/ 19 by jd in Global News

“With just over two months to go until polling day, the devastating floods that swept through western Germany this week have catapulted climate change to the heart of the German election campaign.” Most parties blame global warming “for a catastrophe that has left at least 140 people dead,” but the “dramatic scenes could prove of huge benefit to the Greens, who even before this week were set to make big gains in the September poll.”

 

US News and World Report (July 17)

2021/ 07/ 18 by jd in Global News

“Just as the European Union was announcing plans to spend billions of euros to contain climate change, massive clouds gathered over Germany and nearby nations to unleash an unprecedented storm that left death and destruction in its wake.” Both politicians and weather forecasters were left “shocked at the ferocity of the precipitation that caused flash flooding that claimed more than 150 lives.”

 

Reuters (November 27)

2020/ 11/ 29 by jd in Global News

Europe is struggling “to find a common solution for the upcoming Christmas winter sports season.” Germany and France want the resorts closed while Austria doesn’t. A total closure “would be costly: Austria wants EU compensation for 2 billion euros of expected losses. But allowing people to squeeze into cable cars and enjoy apres-ski may pile pressure on national health systems as Europe fights a second wave of Covid-19. Without a coordinated and strict EU approach, a post-Christmas virus resurgence could be on the cards.”

 

Wall Street Journal (August 19)

2020/ 08/ 21 by jd in Global News

“Coronavirus infections are surging again across much of Europe and governments are racing to prevent a full-fledged second wave of the pandemic.” Infection levels still “remain far lower in Europe than in much of the U.S. The seven-day average of new daily U.S. cases is running at nearly 150 cases per million people, about five times the number across Germany, France, Spain, Italy and the U.K.”

 

Wall Street Journal (August 13)

2020/ 08/ 14 by jd in Global News

“The U.K. recorded a steeper second-quarter contraction than its peers, suffering the worst economic hit from the coronavirus in Europe as well as reporting the highest death toll there.” Great Britain’s GDP “shrank 20.4% in the second quarter, equivalent to an annualized rate of 59.8%,…. In the same period, U.S. and German output declined by around 10%, while Italy lost 12%, France 14% and Spain 19%.”

 

Wall Street Journal (July 17)

2020/ 07/ 19 by jd in Global News

“Germany has a patchy record in fighting corporate crime. Volkswagen AG ’s giant emissions-cheating scandal was uncovered by California. The U.S. has imposed more money-laundering fines on troubled German lender Deutsche Bank AG than Germany has. BaFin’s decadelong blind spot for Wirecard now raises questions about the country’s ability to enforce securities rules that protect investors.”

 

New York Times (July 7)

2020/ 07/ 08 by jd in Global News

Germany has fallen “back in love with Angela Merkel.” She has recovered from “crushing defeats in regional elections” in 2018. Successfully containing “the pandemic has burnished the chancellor’s reputation as one of the country’s best leaders.”

 

Deutsche Welle (June 7)

2020/ 06/ 09 by jd in Global News

“Donald Trump seems to finally be making good on his threat …. to punish Germany.” The sudden move to remove 9,500 troops is “misguided.” It “does not make military sense” and “has shown once again that NATO’s European members cannot rely on the commander-in-chief in the White House. It is a wake-up call for Europeans to take the initiative when it comes to their own defense, and actually spend more money on it.”

 

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