A bear was recently spotted in Bavaria, 16 years after the “problem bear” whose name was not “Markus” or “Horst” but “Bruno”. This no longer makes big headlines – unlike all the bears that are now apparently being noticed on the stock exchanges. Yesterday on Wall Street: Prices fell for the fourth day in a row. Dow Jones: minus 2.8 percent. S&P 500: down 3.8 percent. And Nasdaq: minus 4.6 percent.
Compared to January, we are dealing with a price meltdown of well over 20 percent, which is why the game wardens of the stock exchanges speak of a “bear market”.. Among the biggest losers were Amazon, whose biggest enemy is the monopoly hunters, and Tesla. Its ADHD CEO Elon Musk announced a three-for-one stock split. It is doubtful whether this retail measure will attract the bulls.
So that the plug is not pulled here in the morning, a signal of hope from the world of start-ups from the semi-public High-Tech Gründerfonds from Bonn. With his fourth fund, he achieved a committed volume of 420 million euros in the “First Closing” – a significant increase compared to the third fund with its almost 320 million. More than 130 million of these come from 40 private investors who are involved alongside the Federal Ministry of Economics and the state-owned KfW Capital.
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“With the economic crisis looming, it’s a positive sign that we’ve been able to raise more money than ever from so many investors. The start-ups need such encouragement,” says fund managing director Alex von Frankenberg. Innovations are still “the best remedy against stagnation”: “SAP and Microsoft were founded after the oil crisis of 1973/74, Facebook was created soon after the crash of the New Economy.”
While we’re on the subject of innovations: Just take a look today from 10.15 a.m. at our “Innovation Summit 2022” to. We stream live from various locations in Dresden, an important location for IT, artificial intelligence and robotics. Click here for registration.
The Ukrainian President holds the federal government to account.
(Photo: dpa)
It took a long time for Chancellor Olaf Scholz to make his way through the great gates of Kyiv. Perhaps too long for Ukrainian President Volodymyr Zelenskiy, who therefore fired a special gun salute before the visit, which is probably scheduled for Thursday. “We need Chancellor Scholz to assure us that Germany will support Ukraine. He and his government have to make a choice.”
That is his main statement in an interview with ZDF “heute journals” in Kyiv. It should not be attempted to create a balancing act between Ukraine and relations with Russia. Russia attacked the neighboring country at the end of February. Germany came a little later than some neighboring countries in terms of arms deliveries, Selenski complains: “That’s a fact.”
The USA, Great Britain, the Baltic States and other eastern EU countries were the first to take action. Initially, Germany and France only supported Ukraine politically and rhetorically. According to Zelensky, the Russian government does not care how many people die or how long the war lasts: “Because they make money from energy exports. We care that people lose their lives.”
The Catholic Church just doesn’t get the rest and devotion it wants to offer believersl. One had already gotten used to the theologian clinging to his Cardinal Chair in Cologne, the shock over the events in the diocese of Limburg had been overcome when the diocese of Münster reported with a new study, according to which there were up to 6,000 victims of abuse in the Westphalian district between 1945 and 2020 could have. 610 cases are proven, which result from the files of the diocese.
The work of the scientists from the University of Münster was one third higher in terms of the number of victims than the expertise presented in 2018 by the German Bishops’ Conference. 4.5 percent of the priests had become violent towards minors. As a commentator, we take Martin Luther of the vicarage: “A lie is like a snowball – the longer you roll it, the bigger it gets.”
The hymns could not be loud enough for electric cars, with which Germany and other industrialized nations are to drive into the green future. Unfortunately, this path is extremely difficult. There are giants moving through the landscape that don’t emit any exhaust fumes, but they need a lot of energy to bring the briefcase-armed employee culture into the office or the gym.
This is due to the lithium-ion batteries, which are the size of a box so that the smartphone doesn’t break down after 100 kilometers, the nightmare of a motorist nation. And so, in our title story, we register with astonishment that the “Lucid Air Dream Edition Range” weighs 2.4 tons, the Tesla Model S almost 2.1 tons, and the Mercedes EQS and the BMW 7 Series up to 2.7 tons. We are actually building our ecological future, properly subsidized, on big boys and a new bin ideology.
Corporations like Google or Facebook behave like meta-type plunderers of new territory, allowing them to transport their thick data packets free of charge on Europe’s roads in order to then export maximum shareholder value and, moreover, pay hardly any taxes on it. So there is something rotten in the state of Neuland, which the EU Commission also thinks. Apparently she wants to present a concept for a digital toll as early as this yearn that the data giants should pay, our editorial team found out. There is a lot of talk about “fairness” these days. The costs for the super-fast 5G mobile communications standard should be shared more fairly.
The six US data companies Google, Facebook, Netflix, Apple, Amazon and Microsoft alone are responsible for more than half of global data traffic. And they have increased their sales by 500 percent since 2015, calculate Europe’s telecom groups, while their own income has fallen by seven percent.
Conclusion: The freedom of “net neutrality” is a freedom to make money.
And then there are the more than 15,000 Russian millionaires who, in 2022, will apparently have nothing left in a wartime state that is talking about a “special operation”. Around 15 percent of the population with assets in the millions are ready to flee, says the London agency Henley & Partners, which specializes in placing rich people in other countries.
Historically, it has always been the case that the exitus of the empire followed the exodus of the rich. Incidentally, 2,800 millionaires are forecast to leave Ukraine. The United Arab Emirates are very popular as a popular destination for the super-rich, who are happy to migrate. And three “M” are popular: Mauritius, Monaco, Malta. Franz Grillparzer can be praised by the sea: “Escape from danger is what the smart one calls victory.”
I wish you a victorious day with wise thoughts.
Best regards
Her
Hans Jürgen Jakobs
Senior editor