Expectations are high, after all, the new federal government should repair both the failed climate policy and the underdeveloped digitalization in the administration, also improve the infrastructure and create more justice in tax law. Alone: There is not enough money. There is nothing to distribute in stagflation. This has also become clear to the possible traffic light coalition.
Your way out has three letters that stand for an institution from Frankfurt that has still helped politics out of the corner: the KfW promotional bank, established in 1948 as a credit institution for reconstruction. The old name is a good match for the new job. The possible Chancellor Olaf Scholz speaks of an “innovation and investment agency”. And his possible finance minister Christian Lindner (FDP) praises the new all-purpose weapon in the Handelsblatt: “KfW has experience in activating private credit funds through state guarantees. You can build on that. “
Today the European Court of Auditors presents its annual report. The error rate is 0.7 percentage points higher than the permissible upper limit of two percent. His President Klaus-Heiner Lehne warns my colleagues that the EU funds for reconstruction will not go up in smoke: “If these 750 billion euros are simply gone after six years without us having achieved the goals in the areas of climate, digitization and infrastructure , then the entire financing of the EU will be fundamentally called into question. ”
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Wherever so much is growing, he and his authority also want to grow, but only seven of the 40 positions applied for have been approved – a “bad joke” for him. According to the cabaret artist Werner Finck, the most difficult gymnastics exercise is still “kidding yourself”.
According to one of these many football statistics, nobody gives as many passes into the penalty area as Joshua Kimmich from Bayern Munich. His socio-political feeds are also considered top values. For the third day, the whole of Germany has been discussing Kimmich’s statement that he does not want to be vaccinated because there were no long-term studies on possible effects. And because he is waiting for a “dead vaccine” in which killed pathogens are administered.
Oliver Kahn, CEO of Kimmichs Klub, explains that they have a “clear attitude” and recommend the vaccination to everyone. Ultimately, however, one has to respect “if one or the other has a different, clear opinion”. Club president Herbert Hainer reminds us that Kimmich says he might want to be vaccinated – “I would be very happy about that”. One can speculate: Given the missionary power of a 26-year-old soccer player, the vaccination rate in Germany would then quickly reach the GDR standard level of 99 percent.
Completely new tones of Facebook: You discover the modesty. In the third quarter, sales did not grow to $ 29.6 billion, as the analysts had hoped, but only to $ 29.0 billion. For the rest of the year, “team caution” dominates internally because of the “considerable uncertainty” surrounding Apple’s new data rules. They make it difficult to collect user data. Hours before this publication, ex-employee Frances Haugen had repeated her call for stricter regulation before a committee of the British Parliament: “If the incentives don’t change, Facebook won’t change.”
The “Facebook Papers” that have appeared in several US media are even more fatal. According to these internal documents, less than five percent of the hate speech found would be removed and not – as CEO Mark Zuckerberg had claimed before the US Congress – around 94 percent.
And the new revelations are about the fact that after the US presidential election, Facebook quickly relaxed the measures against false information and thus left Donald Trump & Co. room for demagogic things about election fraud. And: According to the dossiers, Facebook also has a problem in the USA with young users who access the platform less than before. Dinosaurs are repulsive here.
While we’re at Trump, we have to briefly talk about his planned online platform “Truth Social”, a personal Twitter hermaphrodite, who is already confusing Wall Street. Because the ex-president will soon bring his offer to the stock market via a shell (“Spac”) – the “Digital World Acquisition Corp.”.
The run on the “Trump paper” is already so great that trading in Spac shares had to be temporarily suspended. As usual with Trump, the division of society continues, this time the stock exchange company. The followers of the authoritarian with the mad cheer and buy. But many investors, such as hedge funds, think the brew is a toxic mixture. Let’s just use the “youth word of the year” for Trump’s maneuver: “cringe”. It describes the phenomenon of being ashamed of others, everything “cringy” with “the Real Donald”.
Yesterday something else happened on the stock exchange: The total value of Tesla stock exceeded one trillion dollars. This adulation in dollars and cents follows an announcement that the car rental company Hertz will order 100,000 electric cars from CEO Elon Musk’s company by the end of next year – for use in “selected cities in Europe”. The insolvency proceedings that Hertz initiated in the 2020 corona year have been forgotten. “The markets can remain irrational longer than you are solvent,” recognized the economist John Maynard Keynes.
And then there is Maike Kohl-Richter, former chancellor lord seal keeper, which should draw the short straw before the Federal Court of Justice (BGH) against former Chancellor monument-defeated Heribert Schwan. Your original lawsuit – raised during Kohl’s lifetime – for five million euros in compensation and the deletion of 116 passages from the Kohl book, written by the author Schwan, should lead to a judgment by the Cologne Higher Regional Court, to which the matter is referred back. BGH Senate Chairman Stephan Seiters himself recognized that Kohl was using “sometimes a slang and drastic language”. At most, blatant misquotations should be eliminated.
And then Seiters stated that compensation for a violation of personal rights primarily serves to “satisfy” the person concerned, “but a deceased person can no longer be satisfied”. What remains is the fullness of Kohl’s language. Angela Merkel “couldn’t eat properly with a knife and fork” when he brought her into his cabinet, said the man from Oggersheim. As well as: “Merkel hung around at the state dinner, so that I had to call her to order several times”.
I wish you a harmonious day with a really nice knife-and-fork appointment.
Greetings you warmly
you
Hans-Jürgen Jakobs
Senior editor
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