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08.02.26 - 11:01
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Krisen kosten Deutschland fast 1.000 Milliarden Euro (DPA-AFX)
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KÖLN (dpa-AFX) - Die ökonomischen Kosten der Dauerkrisen der vergangenen Jahre für Deutschland summieren sich nach IW-Schätzungen inzwischen auf fast eine Billion Euro. Für die sechs Jahre seit 2020 ergebe sich ein Ausfall an preisbereinigtem Bruttoinlandsprodukt ......
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08.02.26 - 00:48
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Young America′s Affordability Crisis Has Political Consequences (ZeroHedge)
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Young America's Affordability Crisis Has Political Consequences
Authored by Micky Horstman via RealClearPolitics,
One and a half million more young adults live with their parents today than a decade ago. They're losers … economically.
Since the pandemic, fair market rents have increased as much as 40% in Chicago, the cost of owning a car is up more than 40%, and car insurance and health care prices have spiked. Student loan debt has quadrupled since 2000, and entry-level wages haven't kept pace with inflation.
For young people without financial or family support, it's an affordability crisis that feels insurmountable. Cost of living was Gen Z's top political issue in 2024; they feel the “American Dream” slipping farther away.
And it's driving them to the extremes. While political pundits insist Gen Z is “more well-off,” than other generations, and reporters write about “the big myth of zoomers' economic conditions” – pointing to rising wealth and low unemployment compa...
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07.02.26 - 20:51
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Cuba Shutters Beach Resorts As Fuel Crisis Spreads Economy-Wide (ZeroHedge)
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Cuba Shutters Beach Resorts As Fuel Crisis Spreads Economy-Wide
President Trump's pressure campaign on Cuba is gaining serious momentum as the Caribbean island's energy crisis deepens, unleashing rampant fuel shortages and prolonged power blackouts. The government rolled out new conservation measures late Friday to preserve energy, but large parts of the economy are already imploding.
Bloomberg reports that Trump's move to curb fuel shipments to Cuba is spilling over into the tourism sector, with energy shortages forcing two large beach resorts to shut down as early as this weekend.
Here's more from the outlet:
At least two large beach resorts on Cayo Coco, on the northern coast of the Caribbean nation, will be closing as soon as this weekend due to gasoline shortages, employees reported Friday.
A worker at Mojito Cayo Coco said the resort was shutting down because there wasn't enough fuel for employees to get to work. Instead, about 200 guests will be transferred to Sol Cayo Coco about 3...
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07.02.26 - 13:12
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Trump housing policy is a mess and it won′t fix the US housing crisis (The Guardian)
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Deregulation alone can't make homes affordable when rising inequality, not zoning, is what is driving prices upDonald Trump has an interesting view of how housing plays in US politics. “I don't want to drive housing prices down. I want to drive housing prices up for people that own their homes,” he said at a recent cabinet meeting. Unaffordable housing may be front and center of the “affordability crisis” pissing off voters. Still, he insists: “We're not going to destroy the value of their homes so that somebody that didn't work very hard can buy a home.”It can be hard to square some things Trump says with other things Trump says, let alone with reality. One can't help but remember his campaign “goal of cutting the cost of a new home in half” by eliminating pesky regulations that raise the cost of construction. Forget that cheap new entry-level homes will weigh on the price of the existing housing stock. Continue reading......
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07.02.26 - 10:51
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Krisen kosten Deutschland fast 1.000 Milliarden Euro (DPA-AFX)
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KÖLN (dpa-AFX) - Die ökonomischen Kosten der Dauerkrisen der vergangenen Jahre für Deutschland summieren sich nach IW-Schätzungen inzwischen auf fast eine Billion Euro. Für die sechs Jahre seit 2020 ergebe sich ein Ausfall an preisbereinigtem Bruttoinlandsprodukt ......
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