By Mark Gilbert – Germany yesterday (Aug 20) sold 4.04 billion euros ($5.3 billion) of notes that pay no interest, repayable in September 2016.
Investors, it seems, are willing to forgo income for the safety of stashing their cash in the AAA-rated government debt of Europe’s biggest economy.
That’s a huge vote of no-confidence in the region’s growth prospects. more> http://tinyurl.com/qzkdneo
By Tony Romm – The companies’ aim with the new D.C. effort isn’t entirely clear. Silicon Valley to date hasn’t pushed to restrict the NSA’s ability to reach into the Internet’s backbone for foreign suspects’ communications. Instead, the tech companies mostly have made the case for more transparency €” the need for better numbers and clearer documents that show how often the government seeks data from them and when.
But continued revelations about U.S. surveillance have raised the potential for new regulation of Internet companies in Europe and beyond. That’s causing headaches for tech companies that store and swap data overseas. Any changes to U.S. surveillance law consequently could have broad impact on business, and Silicon Valley is closely monitoring the congressional action. more> http://tinyurl.com/kwn6vkx
- Reining in the snoops †
- Germany summons U.S. ambassador over Merkel phone tapping, Reuters
- US ambassador to Germany summoned in Merkel mobile row, BBC
- Germany Believes Chancellor Merkel’s Cellphone May Be Under U.S. Surveillance, AWR Hawkins, breitbart.com
- German minister: can’t go back to business as usual after Merkel-US surveillance allegations, Associated Press/neurope.eu
- Merkel Calls Obama to Complain About Surveillance, Geir Moulson and John-Thor Dahlburg, Associated Press/abcnews.go.com
- French Condemn Surveillance by N.S.A., Alissa J. Rubin, NYTimes.com
- NSA recorded French phone calls, accessed Mexican president’s email: Reports, Priyanka Boghani, globalpost.com
- Spain fears NSA is targeting communications data of its citizens, Steve Evans, IT Iberia/ZDNet
- Amid NSA spying, European lawmakers vote to tighten data protection, Carol J. Williams, chicagotribune.com
- French NSA Surveillance Scandal Jeopardizes Transatlantic Relations, Jasper Hamill, Forbes
- The NSA’s Excuses Don’t Hold Up, Bruce Schneier, Atlantic/defenseone.com
- The National Security Agency: America’s powerful electronic spy service, Agence France-Presse/rawstory.com
- Why Snowden’s Passport Matters: Reprisal from a US Surveillance and Warfare State that Operates in the Shadows, Norman Solomon, globalresearch.ca
- Restore the Fourth adopts highway in front of NSA super-center in Utah, Cory Doctorow, boingboing.net
- Ron Wyden: The Lonely Hero of the Battle Against the Surveillance State, Garrett Epps, Atlantic
Posted in Business, CONGRESS WATCH, Economy, Leadership, Media, Net, Regulations, Technology, telecom
Tagged Big Brother, Bill of Rights, First Amendment, France, Germany, National Security Agency, NSA, Silicon Valley, Surveillance state, United States
neurope.eu – All experts, observers, and other fortune-tellers have already been convinced for months that from these elections there will result a grand coalition of Merkel‘s Christian Democrats (CDU/CSU) with the Social Democrats (SPD). And also since her party will come out some 10 to 15 points ahead of the SPD , she will be the new chancellor.
Why is everyone still bothered with it? Why do not just German papers, but the media Europe-wide see this is very important election the outcome of which may well decide the future of Europe? I have long been bothered by this question, but I think I know the answer now. Over the past three months decision-making on the Eurozone crisis has come to a grinding halt, because “we first have to wait the outcome of the German elections“, all experts said, suggesting that the outcome might indicate a chance in German politics.
We now know this is not so. more> http://tinyurl.com/kszmpat
Posted in Business, Economy, History, Leadership
Tagged Angela Merkel, Business, Elections in Germany, European sovereign debt crisis, Germany, Government, Leadership, Organization, Super regions
By Theodoros Benakis – The view in many parts of Brussels is that the future of Europe, at least for the next few years, will not be decided by the ever more unpopular elections for the European parliament in 2014, but by the German electorate on 22 September.
According to the leaders of The Alternative, the euro has failed as a currency. As an alternative to the Mark, they could accept a two class euro.
A first class ‘saints euro’, the currency of the rich and budgetary ordered countries. A second class ‘sinners euro’ of the poor, good for the South and any budgetary ‘weak’ country. more> http://tinyurl.com/pwjtcr8
Posted in Business, Economy, History, Leadership
Tagged Business, Euro, Europe, European Union, Germany, Government, Leadership, Organization, Super regions
By Reuters – Europe’s biggest economy, currently the world’s third-biggest exporter after China and the United States, has seen its share of world trade fall to 7.5 percent by last year, from a post-German unification peak of 11 percent in 1991-92, according to DIHK Chambers of Commerce.
German exports, from BMW cars to washing machines to heavy machinery for manufacturing and agriculture, totalled 1.1 trillion euros last year. more> http://tinyurl.com/n4cona8
Posted in Business, Economy, Transportation
Tagged BMW, Business, China, Export, Germany, Industrial economy, International Business and Trade, Manufacturing, Super regions, United States
By Eberhard Rhein – Thanks to generous feed-in tariffs Germany has installed more solar capacity than any other country on earth, some 26 GW, the equivalent of its nuclear capacity.
By the middle of 2013 its solar industry is in shambles.
In Germany government and industry have too long ignored the impressive Chinese advances in lowering production costs. Feed-in tariffs should have been adapted much earlier to take into account the dramatic decline in prices and insufficient grid capacity. more> http://goo.gl/g9InHo
Posted in Business, Economy, Energy, Nature, Technology
Tagged Business improvement, Climate change, Germany, Industrial economy, Manufacturing, Solar power, Super regions
EurActiv – While Britain is trying to contain the influx of immigrants, Germany is making efforts to attract skilled workers from crisis-hit Southern Europe, various European media report.
“We should be happy about this immigration,” social scientist Steffen Kröhnert from the Institute for Population and Development reportedly said. Between 2002 and 2010, Germany’s population decreased by about 800,000 people. Moreover, there is a need for young and qualified professional newcomers in the aging German society. “This is the gap that the immigrants are filling,” added Kröhnert. more> http://tinyurl.com/butx5gs
Reuters – AT&T executives were considering a takeover in Europe, and some believed an opening existed now to buy a carrier in a major European market such as Britain, Germany or the Netherlands, the Wall Street Journal reported.
Big telecom companies such as AT&T could benefit from buying European rivals and create economies of scale, similar to the international expansion strategy of British carrier Vodafone, said analyst Jos Versteeg of Dutch private bank Theodoor Gilissen. more> http://tinyurl.com/bylo5e7
Posted in Broadband, Business, Economy, Net, telecom
Tagged AT&T, Broadband, European Union, Germany, Netherlands, Super regions, Vodafone, Wall Street Journal, Wireless, Wireline
By Jonathan Cable and Kim Coghill – Euro zone factories sank deeper into recession in December as new orders tumbled, business surveys showed on Wednesday (Jan 2), a sharp contrast to continuing signs of revival in China.
“It’s pretty grim really,” said Jonathan Loynes at Capital Economics. “These surveys are pointing to a pretty deep recession. If the German industrial sector is contracting quite sharply it is pretty hard to see where growth across the euro zone as a whole is going to come from.”
Germany, Europe‘s largest economy, saw its crucial manufacturing sector shrink for the 10th straight month and at a faster pace, while French data showed a decline in all but one of the past 17 months. The slump in Spain deepened, while Italy’s index, although improved, remained below 50 for the 17th month. more> http://tinyurl.com/bkoxzz8
Posted in Business, Economy
Tagged Business, China, Eurozone, Germany, Industrial economy, Italy, Manufacturing, Recession, Spain, Super regions