Saturday, March 22, 2025

Five Interesting Economic Stories

 1.  This past week....if you had $24 sitting around.....you could have bought just over 1-million Iranian Rials.

Reality?  You could order up a full McMenu dinner at McDonalds....for roughly $4 in Iran....while in California, it's nearly $18 for the same deal.

2.  I noticed off German business news this week....there's chatter that more pubs/cafes are banning laptop-use.  Reason?  Folks come in....order one drink, and use the Wi-Fi.....staying for 2 to 3 hours.   So there's tables being used but no real income.  

3.  The University of Potsdam started a unusual program nine years ago....taking degreed non-Germans (migrant folks) and putting them through a program to make them German accredited.  Success story but limited numbers.

4.  Since 2020.....a hundred German breweries have dissolved.....profitability issues.  Part of this trend....energy costs?  Yeah.   And that leads back to the war.

5. One interesting aspect of the German gov't debt change this week.....a bunch of city pools exist around Germany....that are 30 to 40 years old, and in need of either maintenance or replacement.  So some folks are hoping for cash to come down to them.

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