The sun is setting in the West (tags)
The West's misjudgement also applies to the course of the war, where the Russian army is advancing again after the failed counter-offensive in Ukraine. There is a shortage of weapons, ammunition and soldiers. The strategy of wearing down the West seems to be working. In the US, the Biden administration is already encountering difficulties in mobilizing further war credits.
Spiral downward and No exit! (tags)
The austerity dictates imposed on the Eurozone are only exacerbating the crisis they are supposed to be fighting. The austerity measures are leading to a collapse in domestic demand.
The red giant's plastic problem (tags)
A tattered Coca-Cola flag flutters on the beach of Ixia on Rhodes: every year, the beverage company produces more than 100 billion single-use plastic bottles. Many of them end up in the sea...In a few years, there is likely to be more plastic swimming in the oceans than fish.
To Krugman, the increasing ideological blindness of German politicians can only be explained by their belief that "hard times must be the necessary punishment for earlier excesses." Krugman overlooks that the hard times and excesses do not concern the same people.