Wednesday, August 31, 2022

Five German News Stories

 1.  Yes, the dollar and Euro are now 1 to 1.  How many years?  It's probably been 18 years since you had such buying power with the dollar.  

2.  Russian natural gas flowing through Nord Stream I?  No.  As of yesterday, it was halted as the Russians say they are on a maintenance episode.  When it comes back on?  No one says much.  If the Russians wanted to turn up the pressure....they'd delay this by a entire month.

3.  Today is the last day of the 90-day discount gas price routine (30 Euro cents off from the taxation business).  This AM, E10 fuel sells per liter at 1.84.  Tomorrow morning....it'll be 30 cents added....hitting 2.14 Euro minimum (if not more).  

4.  The mandate that was supposed to start in the fall for home-office (forced upon companies even if they had no Covid)?  Halted.  The FDP Party pushed the Minister of Labor (Heil, SPD) to dump that idea on mandates.  

5.  The RBB (public TV for Berlin) board has met and agreed....NO more bonus activity for any employee.  Of the dozen-odd public TV networks.....they were the only one doing bonuses. 

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