1. Just odd....a few weeks ago....various German officials showed up in Magdeburg to showcase the Intel project of building a major plant to be a future chip-maker. Well....some decline has been noted in the number of chips required, and the whole construction project now seems to be slowed down (halted in fact). May be a two-year delay in the process. Yeah, pretty unusual.
2. INSA poll done....CDU Party at high-point. 33-percent of voters say they'd vote for them in an election.
3. Focus interview with a German teacher....saying that some of the 10-year-old students can't read. Worth a read.
4. WELT article this AM...talk of short-time work returning. Gov't program (short-time) means a financial situation has arrived and companies will cut production. Normally, without short-time, you would just lay off personnel. Under short-time....you simply assign the worker to some limited hours of work (like 30 hours a week, instead of 38 hours). Positive program, but a bad sign for the economy.
5. Meyer Werft, the cruise boat builder.....is in financial trouble. German gov't has agreed to help them with funding for the time being, until cruise ship building returns to 'normal'.
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