WSJ: – Stagflation is a political murder weapon

This is written by foreign newspapers in the leading position

The Wall Street Journal

Democratic-leaning economists and their friends in the media have long argued that voters do not give President Joe Biden enough credit for the growth of the American economy. But maybe the voters are right after all? GDP growth of 1.6 per cent in the first quarter is a significant decrease from last year. Weak growth and increasing price growth are signs of stagflation. Politically, it is a murderous weapon.

Financial Times

In the US, companies have long used non-compete clauses in employment contracts. It has prevented employees from switching to competitors or starting for themselves. But such clauses have over time expanded from high-ranking professionals to millions of low-paid employees. This week the practice was banned. It was high time.

Die Welt

Federal Chancellor Olaf Scholz thinks all input on tax from the business community is whining. But the fact is that the tax on work has weakened Germany as an investment country. At the moment, Germany is not worth the price.

Today’s Industry

The US is on the verge of banning TikTok citing data security and national security. The EU should not follow the same path. If we ban TikTok, we’re going downhill.