New Government In Germany To Phase Out Coal, Legalize Drugs
Germany, Europe’s biggest economy, will have a new government of Social Democrats, Greens, and liberal parties that seek to phase-out coal by 2030 while legalizing “soft” drugs.
Economy
U.S. jobless claims plunge to 199,000, lowest in 52 years
The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.
Austria In Lockdown As Nearby Germany Warns Unvaccinated Of Death
Austria returned to a national lockdown Monday and prepared for forced vaccinations against COVID-19, while in neighboring Germany, the government warned jab hesitant citizens of “death.”
Austria Announces Full COVID Lockdown, Vaccination Order
Austria has announced a full lockdown starting Monday and will force all its citizens to be vaccinated against COVID-19.
Hungary’s Youngsters Forced To Watch Pro-Government Film (Worthy News In-Depth)
Hungary’s government is going the extra mile to spread its propaganda ahead of elections next year: It’s forcing students to watch a government-friendly film about a former prime minister who lied and still plays a vital role in the opposition.
Biden signs $1.2T infrastructure bill into law, opening up funds for roads, ports
President Biden signed his $1.2 trillion bipartisan infrastructure package into law on Monday, opening up federal funds for railroads, bridges, mass transit, broadband and utilities.
China, India Refuse To End Coal Industry At COP26
British Prime Minister Boris Johnson claimed Sunday that a U.N. climate change gathering managed to sound the “death knell for coal power” despite China and India’s objections.
U.S., Israel announce cybersecurity joint task force
The U.S. Treasury Department and the Israeli Ministry of Finance will work together to address cybersecurity and ransomware issues, officials announced Sunday.
China’s Communists Extend Power Of Leader Xi In Warning To Christians (Worthy News Analysis)
In a move worrying Christians, China’s Communist Party elevated Chinese autocratic President Xi Jinping to a crucial figure in its 100-year history.
Biden Blames Trump Voters For Virginia Defeat
With his approval ratings plummeting in opinion polls, U.S. President Joe Biden rushed to deny that his Democratic Party’s shock loss in the Virginia governor’s race was a verdict on his presidency.
Republican Looks As If He Will Win the Virginia Governor’s Race In Setback For Biden
Results show Republican Glenn Youngkin leading in the Virginia governor’s election, widely seen as a referendum on U.S. President Joe Biden.
U.S. Economy Slowed in Third Quarter on Delta Surge, Supply Crunch
The U.S. economy grew at the slowest pace of the recovery in the third quarter, but economists expect strong consumer demand and an easing pandemic to boost growth in the coming months despite lingering supply constraints.
Hungary Condemns EU Climate Plans
Hungary’s nationalist conservative prime minister has accused the European Union’s executive of seeking to “destroy Europe’s middle classes” with a climate package.
Conservative Catholic Wins Hungary’s Opposition Primaries For Prime Minister
After winning Hungary’s first-ever primaries, a conservative Catholic mayor has become the opposition’s prime ministerial candidate.
G20 Leaders Fear “Economic Catastrophe” In Afghanistan
Leaders of the Group of 20 major economies pledged at least $1.7 billion Tuesday to avert an economic catastrophe in Afghanistan. Still, it was unclear when and where the promised money would arrive.
Key GOP senators fear Biden to bypass Constitution to force U.S. corporations to pay global tax
President Joe Biden and U.S. Treasury Secretary Janet Yellen are urging Congress to approve an international agreement for a global corporate tax of 15%, raising alarm among key GOP senators of an administration plan to circumvent the Senate’s treaty power under the U.S. Constitution.
‘Build Back Better World:’ U.S. races to counter China’s ‘predatory’ Belt and Road initiative
America and its allies are scrambling to establish a global infrastructure funding mechanism to counter the trillions of dollars China has spent to build projects and buy influence through what U.S. officials describe as Beijing‘s “mercantilist” and “predatory” Belt and Road development lending initiative.
U.S. economy added 194,000 jobs in September, far below expectations
The Labor Department said Friday the U.S. economy created 194,000 more jobs in September, below the projections of about 500,000.
US Jobless Benefit Claims Dropped Sharply Last Week
First-time claims for U.S. unemployment compensation dropped sharply last week after three straight weeks of increasing numbers of jobless workers filing for benefits, the Labor Department reported Thursday.
Germany Edging Closer To Government
Germany, Europe’s largest economy, came a step closer to having a new government Thursday some 10 days after the German center-left Social Democrats won parliamentary elections.