German Of The Day: Hiobsbotschaft

Literally, “Job of the Bible’s message.” Bad news, in other words. Evil tidings.

HIOBSBOTSCHAFT FOR GERMAN ECONOMY: Industrial Production Surprisingly Down Sharply.

Germany’s Industrial Plunge Revives Winter Recession Fears – German industrial production sank by the most in a year — raising the risk that Europe’s largest economy slipped into a winter recession.

Output dropped 3.4% in March, more than the 1.5% decline economists had predicted in a Bloomberg survey. The decrease was especially pronounced in the automotive sector, according to the statistics office.

Country Saving The Planet Consumes Enough For Three

“Am deutschen Wesen soll die Welt genesen.” That’s something like: The world shall be healed following the German way.

Overconsumption: Germany needs 3 planets – On May 4, Germany exhausted its capacity to sustain itself. This “earth overshoot” will be compensated by taking finite resources from poorer countries — and future generations.

Despite the economic slowdown due to Russia’s invasion of Ukraine, Germany has now overreached its sustainable biological limits.

Meanwhile, this year’s global Earth Overshoot Day is, like last year, projected to be around July 28.

German Of The Day: Selbstversorgung

That means self-sufficiency.

The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency – Berlin wants to reduce its dependence on China by extracting more critical raw materials, such as fluorspar, at home.

“If we really want a revolution in transport and the resources needed for that, there’s no way around this project.”

German Of The Day: “Under Review”

That means business as usual.

Business links between Germany and China are under review – It is unusual for a foreign minister to tour a factory, but it shows the importance of business ties between Germany and China. The country is Germany’s biggest trade partner and an important destination for foreign investments in several industries that are the backbone of the Mittelstand (mid-size companies). Yet as the value of trade increased for the seventh consecutive year in 2022, the bilateral deficit widened.

They Sure Look Echt To Me

Not.

German of the day: Echt. That means genuine.

But there’s no fake news out there, right? Trust the media. The news experts.

Fake Hitler diaries to go on public display in Germany – Forged papers that caused a scandal when they were published as real in 1983 will be given to national archive.

German Of The Day: Alleingang

That means going it alone.

This guy still lives in the real world. And can do simple arithmetic. So he doesn’t have a chance in hell. Good luck anyway.

Bavaria mulls reopening nuclear plant under state control – Hours after Germany closed its last three nuclear power plants, one state premier has sought powers to partially reverse the decision. A law change would allow Bavaria to operate the Isar 2 power station, he said.

German Companies Leaving Hungary Almost As Fast As They’re Leaving Germany

In Germany they can’t afford to stay (energy costs).

In Hungary they can’t afford to pay (baksheesh). Or so they say.

Viktor Orbán Ups the Pressure on German Companies to Leave Hungary – German companies have long been active in Hungary. But now, Viktor Orbán is trying to force some of them to leave. And when they do, his closest allies stand to profit.

Now It’s Credit Crunch Time

Energy price falls spark drop in German and Spanish inflation – Headline pressures ease but investors bet ECB will have to raise interest rates in May.

Some members of the governing council have called for the bank to adopt a more cautious approach after raising interest rates by half a percentage point this month.

The turmoil in the banking sector has also opened up the prospect of a potential credit crunch that could slam the brakes on both inflation and growth in the coming months.

Germans Hate America

Why should they be the only ones who don’t?

But…

German companies love America. According to the German-American Chamber of Commerce, around 5,600 of them have invested in the US market. As of September 2022, that’s an investment volume of almost $650 billion (€605 billion). And it’s not only big firms like Siemens, Volkswagen, or Linde that are currently looking to strengthen their commitment to the United States — in some instances, even building entire new production facilities.

All Quiet On The Academy Awards Front

Still.

Does anybody watch that Scheiße anymore?

Germans Are Right to Hate All Quiet on the Western Front – The Academy loves Netflix’s pandering war porn. Its homeland knows better.

Take Schlammschlacht, for instance, which means mudslinging or mud fight, and ends with the German word for battle which also evocatively happens to be the root word for slaughter. Schlammschlacht, by itself, is the headline of Hubert Wetzel’s blistering review in the venerable Süddeutsche Zeitung, describing the weather conditions in which most of the film’s slaughter take place, and, presumably, also the filmmakers’ treatment of a literary treasure…