Police apprehend burglar

Finance
police apprehend burglar

Already at the beginning of august it was discovered that the fence of the farm land had been cut open and that someone had entered the farm building. Two coarse copper kettles were dismantled and stolen. In addition, two laptops were missing from a buroraum.

Due to the circumstances of the crime, it was obvious to the police from the start that an employee was involved. After it was discovered on tuesday in the company that several windows were inadmissibly unlocked from the inside, the police initiated appropriate surveillance measures, which led to success and the arrest of the two men already in the first night. Both were observed entering through a previously unlocked window, helping themselves to various cable parts and then wanting to take away their loot worth about 4,000 euros in a car.

In the meantime, they have been proven to have committed several burglaries and money thefts, as well as two break-ins of construction trailers. Part of the loot has already been sold. The damage caused by them amounts to up to 25.000 euros.

June 1, 2023 by 0Comments
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Joachim nagel to become new bundesbank president

Economist joachim nagel to become new president of the bundesbank. German chancellor olaf scholz (SPD) and finance minister christian lindner (FDP) proposed the 55-year-old to succeed jens weidmann, as lindner announced on twitter on monday.

Previously, the "handelsblatt" and the "spiegel" had reported on the appointment. The appointment still has to be finally decided by the cabinet. This is expected to happen this wednesday, said a government spokesman. Nagel is to take office on 1. January to start work.

Weidmann resigns for personal reasons

Weidmann had announced in october that he would leave office on 31 december after more than ten years in office. December resignation for personal reasons. Nagel, who is a member of the SPD, was already a member of the bundesbank’s executive board from 2010 to 2016, after which he moved to forderbank k and currently works at the bank for international settlements (BIS), which is also known as the central bank of central banks. He studied economics in his native city of karlsruhe and earned his doctorate at the university there.

Lindner stressed that in view of inflation risks, the importance of a stability-oriented monetary policy is currently growing. Nagel is "an experienced person who will ensure the continuity of the bundesbank". Nagel stands for monetary policy stability, the appointment is a "good signal to the german people as well as to europe.

Banking associations and economists welcomed nagel’s nomination. This means that "an expert with many years of experience in central banking and an excellent knowledge of the financial markets will be at the helm of the german central bank," said the president of the federal association of german banks (bdb), deutsche bank CEO christian sewing. Savings bank president helmut schleweis is convinced that with nagel at the helm, the bundesbank will "continue its tradition of a stability-oriented monetary policy.

Bavaria’s finance minister albert furacker (CSU) also called on nagel to continue the bundesbank’s stability-oriented course. "I am also counting on the new bundesbank president-designate to resolutely counter the misguided developments of the ultra-loose monetary policy in the euro area," he said. The european central bank (ECB) is increasingly softening the boundaries between monetary and fiscal policy; crude purchases of government bonds had to stop.

Weidmann, former economic advisor to long-serving chancellor angela merkel, also repeatedly voiced criticism of the ECB’s ultra-loose monetary policy that has been in place for years. He was especially skeptical about the billions of dollars in bond purchases and warned that the central bank should not make governments dependent on cheap central bank money.

In view of rising inflation, weidmann warned that europe’s guardians should not ignore the risk of too high inflation and should not stick to their very expansionary course for too long. Weidmann’s stance has often not prevailed. Because the supporters of a rather loose monetary policy have the majority in the ECB’s governing council.

Although the president of the bundesbank participates in the decisions of the central bank’s highest decision-making body, he has only one vote, as do the representatives of the other 18 euro countries – even though germany is europe’s largest economy.

Hopes for savers

The president of the federal association of german volksbanken and raiffeisenbanken (BVR), marija kolak, associates nagel’s appointment among other things with the hope that the bundesbank in the ECB’s governing council "will work for an early end to minus interest rates in the interests of savers".

According to stefan kooths, head of the economic department and vice president of the institute for the world economy (i/kiel), nagel was among those "who put forward counter-arguments to the current ultra-expansive monetary policy. But kooths qualified: "at the same time, nagel’s appointment does not change the majority situation in the ECB’s governing council. The supporters of the loose monetary policy can therefore look forward to the new head of the bundesbank."The first monetary policy meeting of the ECB’s governing council in the new year is scheduled for 3. February.

May 24, 2023 by 0Comments
Causes of flight – how to fight?
Causes of flight - how to fight?

The rules of our "everyone against everyone" series for the federal election, the questions are very simple: each candidate may ask one question to each of the other candidates.
After the respondent’s answer, the questioner still has the opportunity to respond to it.
Today, markus tutsch (bundnis 90/die grunen) wants to know from emmi zeulner (CSU) how her party plans to combat the causes of flight that it has created itself.

Markus tutsch: the CSU in government signed trade agreements with developing countries that destroyed their economies through subsidized exports. As a result, their people face europe’s borders! How do you want to fight the causes of flight that you have created yourself??
Emmi zeulner: the CSU clearly stands for a fair shaping of globalization. And we must make a clear distinction between people who come to us because they are fleeing terror and war and those who come because they see no prospects in their home countries for economic reasons. I see the economic aspect in the foreground of this question.
The CSU has an outstanding campaigner against the causes of refugees in this election period in the person of development aid minister gerd muller. The ministry of economic cooperation and development’s budget has never been rougher. In 2016 alone, three billion euros were made available to reduce structural causes of flight, support refugees and stabilize host regions.
With this money, however, we do not want to push the developing countries further into dependency, but rather to strengthen their own responsibility and offer companies incentives to settle there. To combat the causes of flight, we must create structures on the ground. That’s why i support the marshal plan for africa by federal minister muller. The focus is on fair trade, more private investment, more bottom-up economic development, more entrepreneurial development and, above all, more jobs and employment. Young people in particular need jobs and prospects. We therefore see the development of economic structures and the creation of jobs as a central challenge in the fight against the causes of flight.
But these reforms must go hand in hand with reforms in europe and the world. Fair trade pays off, as does a stop to arms deliveries to crisis regions and the fight against illegal financial flows.

Markus tutsch: many good ideas and approaches – the only question is why they have not implemented them in a timely manner and are thus jointly responsible for the people on europe’s borders. The free trade postulated by them is exactly not reached by the closed trade contracts. And spending billions of taxpayer dollars on symptom relief is unlikely to stop a hopeless person whose livelihood has been destroyed by bad trade policies from going to the source of the cheap products that have destroyed his livelihood.

In part 25 of our series, oswald greim (die linke) asks thomas muller (odp) on monday if he would support much more commitment, especially in financial form, in the area of children’s and youth work.

Editor’s note: arguments and theses originate from the respective candidate and have not been editorially counter-researched or edited in any way.

May 19, 2023 by 0Comments
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