“Persistent weakness” sounds bad

But not as bad as “greatest real estate crisis since the financial crisis.”

The fun just never seems to end these days.

German bank alerts the market on exposure to commercial real estate – The troubles in the US commercial property market, which have already hit banks in New York and Japan, moved to Europe this week, elevating fears about broader contagion.

The latest victim was Germany’s Deutsche Pfandbriefbank AG, which saw its bonds slump on concern about its exposure to the sector. It responded by issuing an unscheduled statement Wednesday that it had increased provisions because of the “persistent weakness of the real estate markets.”

It described the current turmoil as the “greatest real estate crisis since the financial crisis.”

I don’t know why they do either

But I sure do wish they’d stop.

It’s dangerous out there on the streets with all these aggressive bike bats out fo hell.

Why do Germans cycle?

Is Germany only the land of cars? Yes and no, says Shabnam Surita. Even though Germans make and drive a lot of cars, their relationship with bicycles goes back a couple hundred years. And when it comes to bike-friendliness, Germany ranks quite high among other countries in the world.

What a great step forward!

Into the brave new renewable energy future. The German government has announced it will spend €16 billion to build four major natural gas plants to meet the electricity demand their beloved renewable energy technology simply can’t meet.

A brilliant move, and long expected. Overdue, actually. You see, wind and solar power are so unreliable that you must always build a second “dirty” system (CO2 is a BAD “pollutant,” remember?) to back them up. This way you get to spend twice as much as you would have if you had only used the dirty system to begin with. Or, heavens forbid, if you had used nuclear energy to begin with (it doesn’t produce any CO2). This way, in other words, you can save the planet with one hand while you continue to pollute it with the other.

After scrapping nuclear reactors, Germany to spend billions on new gas power plants – The fossil fuel expansion is needed to ensure long-term energy security, according to industry and the government.

In a statement Monday, officials said the new strategy came “in addition to the consistent expansion of renewable energies,” and was key to ensuring steady power supplies “even in times where there is little sun and wind.”

What a relief!

I was really worried for a while there that the Berlin Film Festival was going to say it supports right-wing extremism.

But now it’s official. The Berlin Film Festival says it stands against right-wing extremism. Whew. Thank goodness. You just never know these days.

What a clown show.

“Members of the AfD were elected to the Bundestag and the Berlin House of Representatives in the last elections. Accordingly, they are also represented in political cultural committees and other bodies. That is a fact, and we have to accept it as such,” the festival said. “Both the Federal Government Commissioner for Culture and the Media and the Berlin Senate receive invitation quotas for the Berlinale, which are allocated to the democratically elected members of all parties in the Bundestag and House of Representatives. It was against this background that the AfD representatives were invited to the Berlinale.”

Asteroid City

Det is Berlin.

Meteorites from Asteroid 2024 Bx1, which just hit Earth, may be super-rare space rocks – Meteorite hunters have successfully recovered fragments of an asteroid that impacted Earth over Berlin, Germany, on Sunday (Jan. 21).

“Generally speaking, for all types of meteorites, about 10 fireballs drop at least 300 grams of meteorites over an area the size of California, France, or Spain. Half of them happen during the daytime and go unobserved. The remaining half happens during overcast skies, leaving about two to three that are observable in theory, out of which only a tiny fraction actually get found.”

The African invasion of Germany began much earlier than previously believed

It started, like, geez. More than 45,000 years ago already.

And they were all Homo too.

Bones from German cave rewrite early history of Homo sapiens in Europe – Bone fragments unearthed in a cave in central Germany show that our species ventured into Europe’s cold higher latitudes more than 45,000 years ago – much earlier than previously known – in a finding that rewrites the early history of Homo sapiens on a continent still inhabited then by our cousins the Neanderthals.

Let’s make the AfD stronger!

Similar to the way the dirty tricks played on Donald Trump in the Banana Republic only make him more popular, German anti-AfD protests are only increasing its popularity.

Anyone paying attention here sees this for what it is: An orchestrated attempt by the established parties and their state media hacks to either 1) weaken the far-right party at the polls or 2) foster the atmosphere in which they can attempt to ban the party. You know. If you can’t beat them, ban them?

Germans Protest Far-right AfD for Third Straight Week Amid Its Spike in Popularity – After a meeting took place to discuss ‘re-migration’ of immigrants from Germany, protesters have taken to the streets to voice their opposition to the rising far-right nationalism in Germany. Chancellor Olaf Scholz applauded the demonstrations.

Will the escalation never end?

First, German climate activists of the “last generation” kind decided to glue themselves to the roads (and boy have those roads ever been cold these days).

Now they’ve decided to up the ante and begin organizing “disobedient assemblies.”

The next thing you know they’ll be holding hands and breath together until they turn blue in the face! This senseless escalation of violence must finally come to an end, people. I mean it.

German climate activists to stop gluing themselves to roads – Climate group the Last Generation said they will no longer glue themselves to roads as a protest method. They will now use the tactic of organizing “disobedient assemblies.”

PS: German of the day: Wütend (the guy with the sign). That means angry.

We couldn’t have gone into recession without you

Without you not being here – about 20 sick days a year.

A study says that in 2023, 5.5 percent of German employees were absent every day due to illness. Sickness-related absences caused 26 billion euros of damage in 2023. Without them, Germany would not be in recession.

“At least for 2023, Germany will be the ‘sick man’ in the truest sense of the word, whose economic performance will be significantly more affected by the wave of illness than in other countries.”