One step away from recession and a “new austerity”

5 May, 2022 · USA · European Union

Siemens tomographic scanner factory.
Siemens tomographic scanner factory.

Germany’s famous economic powerhouse flounders. Rising rates push the US into recession. Central banks start to look warily at the housing market again. And the “new austerity” is taken for granted so naturally in France and Spain that its implementation depends only on the timetable of the elections.

The “unions’ celebration”

1 May, 2022 · Spain

May Day demonstration today in Madrid.
May Day demonstration today in Madrid.

The “trade union celebration” has left its messages: support for the war and celebration of the war capitalism that is being imposed on us and that is beginning with a direct attack on the purchasing power of wages.