Risk of recession returns as German industrial production plunges in August. Extremely disappointing industrial data in August has just increased the risk of yet another quarter of contraction for the German economy.
https://think.ing.com/snaps/german-industrial-production-aug25
#germany #economy
The US is pulling a "Khrushchev" on Europe. Trump's push for "peaceful coexistence" with rivals, paired with a new US strategy retreating from global hegemony, mirrors the Soviet pivot that betrayed Mao in the 1960s. Europe, like China then, is the stunned junior partner realizing its senior ally's commitment was always conditional.
Fed Chair Powell says raising wages is the key to solving the cost-of-living crisis. However, the job market has stalled, pay growth is slowing, and rising tariffs threaten to reignite inflation, which could erase any wage gains. The path to affordability remains unclear.
https://www.cnn.com/2025/12/15/economy/affordability-jobs-inflation
#usa #economy #uspol
Three years after a spinal cord injury left him paralyzed from the waist down, a patient has become the first person in China to receive a brain-computer interface implant billed under the country’s new national pricing scheme.
The procedure was performed at Tongji Hospital in Wuhan, where surgeons implanted a device designed to link neural signals to hand movement and sensory function. The surgery cost 6,552 yuan ($925), fully covered by research funding.
