New Polish Chapter in CIA’s Nord Stream Cover Story Signals Growing US-EU Split
By Ilya Tsukanov – Sputnik – 08.01.2024
European investigators probing the September 2022 attack on the Nord Stream pipeline network have told US business media that Polish officials have refused to cooperate with an international investigation into the incident. But the report is just another attempt to divert attention from Washington’s role in the blasts, a Russian observer says.
Polish officials have dragged their feet in providing any useful info related to the movement of individuals suspected of plotting and carrying out the 2022 attack on the Nord Stream pipeline network and have generally refused to cooperate, the Wall Street Journal reported on Monday, citing unnamed ‘European investigators’ looking into the case.
Some European officials are reportedly considering appealing directly to the office of newly elected Polish Prime Minister Donald Tusk for help in investigating the sabotage attack, with investigators expressing “suspicions” over Warsaw’s “role and motives” amid the lack of cooperation from the previous government.
The new ‘Polish chapter’ in the CIA-inspired cover story diverting attention from evidence of the US’s central role in the Nord Stream attack comes after more than a year of meticulous attempts to pin the blame on Ukrainians – first in the form of a shadowy amateur group of operatives without connections to any governments, and then to claims that the sabotage was coordinated by Ukrainian special operations colonel Roman Chervinsky, who is now conveniently rotting in a Kiev jail.
The narrative, crafted by US and German media after revelations last year by Pulitzer Prize-winning investigative journalist Seymour Hersh that US Navy divers planted explosives on the pipelines under the cover of a NATO drill, claimed that the Ukrainian operatives rented a yacht from a Poland-based, Ukrainian-owned company and proceeded to place explosives on the pipeline infrastructure – situated some 80 and 110 meters underwater in the Baltic Sea.
New Narrative to Distract From Mounting EU-US Tensions
Speaking to Sputnik and asked to comment on why the WSJ piece was published now, Russian political analyst Peter Kolchin explained that it’s designed to reinforce the US narrative about foreign actors’ involvement in the Nord Stream attack, particularly as Europe continues to face the economic consequences resulting from the unprecedented act of sabotage against another NATO country’s infrastructure.
“The United States is currently suffering one diplomatic defeat after another. In the face of problems in the Middle East, in the face of a defeat in Ukraine, it’s very important for Washington to consolidate the entire NATO bloc,” the observer explained. The attack on Nord Stream “is a very difficult topic for the bloc, because factually, the destruction of this infrastructure significantly weakened Europe’s economic capabilities and left it dependent on the US energy sector. Now, Europe is forced to buy American gas and to incur huge costs because of it,” Kolchin noted.
How huge? According to a recent Sputnik review of Eurostat data, EU countries have had to pay some €185 billion ($202 billion US) extra on natural gas over the past 20 months after being cut off – by choice or by force, from cheap Russian pipeline gas. Between early 2022 and late 2023, the bloc spent more on natural gas purchases than it did over the entire eight-year period between 2013 and 2021.
Consisting of four pipelines stretching from Russia to northeastern Germany along the bottom of the Baltic Sea, Nord Stream singlehandedly had the capability to provide Europe with up to 110 billion cubic meters (bcm) of gas per year, equivalent to more than a quarter of the bloc’s 412 bcm consumption in 2021. The September 2022 attack on the infrastructure, combined with Polish and Ukrainian moves to close the taps to Russian gas, have left TurkStream and ship-based LPG the only means for Russian gas to get to EU countries.
The Nord Stream “problem” isn’t going anywhere, Kolchin believes. “Both in Europe and the United States, the mainstream publications and politicians are asking questions about it.” Therefore, “it’s important for Washington to give the public some more or less plausible scenario” regarding the attack.
“Of course, for many months now Washington has been attempting to shift all responsibility onto Ukraine. Here, the appearance of publications in US media adding credibility to a role played by Warsaw is only part of this big campaign. The United States is trying to shift responsibility from itself onto others, in this case Warsaw,” the observer said.
“Poland, which no longer enjoys agency, cannot oppose the will of the United States, and is being forced to accept what Washington is trying to pin on them,” even if in reality, “it has been noted more than once and at the highest levels that the involvement of the United States in the terrorist attack on Nord Stream is obvious,” Kolchin said.
President Putin commented on Washington’s suspected role in the Nord Stream attack at his year-end press conference last month, dismissing European complaints about Russia ‘turning off the taps’ of energy supplies to the region by pointing out that “it wasn’t us that blew up… Nord Stream,” but “most likely the US, or someone at their suggestion.”
Nevertheless, Washington will continue to push its policy line on the Nord Stream incident, regardless of what the evidence, and elementary logic, say, Kolchin believes.
America’s “methodical” approach is particularly important in light of growing splits in the North Atlantic alliance as Washington continues to ride roughshod over Europe’s basic interests, the observer noted.
“Let’s be honest, it’s difficult in principle to speak of any kind of trust within the alliance. And this is largely connected with the Nord Stream events. European countries understand who is responsible, but have very reluctantly been forced to swallow this harsh reality,” the observer summed up.
Series of Bad Decisions: Biden Refills Strategic Petroleum Reserve at Cost for US Taxpayers
By Ekaterina Blinova – Sputnik – 08.01.2024
Team Biden is doing damage control ahead of the election by hastily refilling the Strategic Petroleum Reserve (SPR). Alas, it is coming at a cost for American taxpayers as the administration is purchasing crude at twice the historic average, Just the News says.
The US Department of Energy (DOE) is currently buying three million barrels a month to refill the nation’s SPR in the wake of Joe Biden’s release of over 225 million barrels of oil between March 2022 and August 2023, dumping levels in the reserve to the lowest in 40 years.
Tim Stewart, president of the US Oil and Gas Association, alleges that Team Biden is doing nothing short of damage control ahead of the 2024 election given that the nation’s depleted SPR has recently become the public’s concern.
“Prior to 2022, the average person knew nothing about the SPR. That has completely changed. When the lovely 75-year-old blue-haired lady at church complains to me how Biden has drained the SPR – they must have caught the public’s attention,” Stewart told Just the News, an independent US media outlet founded by award-winning investigative journalist John Solomon.
Apparently, the Biden administration would have bought “refill barrels” at a greater pace, but it is facing limits on how much crude can be funneled into the reserve per month. That means it will take a whopping 75 months to bring the SPR back to the level at which it was before US President Joe Biden started draining it.
To sweeten the pill, the US administration triumphantly claims that it is buying oil for the SPR at an average price of $77.31 per barrel, which is considerably below the average of $95 per barrel it was in 2022.
Per Stewart, it’s by no means “a good deal for American taxpayers”: one should bear in mind that the average price paid per barrel in the SPR has been $29.70 per barrel, the expert pointed out.
It appears that the Biden administration is guided by its own political interests rather than those of the nation. It began draining the SPR in spring of 2022, ahead of the midterm election: at the time gasoline prices went up and American voters were not happy with that.
Still, Just the News failed to mention that the hike in prices was partially caused by Team Biden’s energy sanctions slapped on Russia over Moscow’s special military operation in Ukraine. If one digs deeper, one would learn that the special military operation started after the Biden administration snubbed Moscow’s draft security agreement aimed at safeguarding Europe’s peace, protecting Russia’s borders and restoring the balance of forces vis-à-vis NATO.
Now, the Biden administration is buying oil at twice the historic average to replenish the SPR before the 2024 presidential election in a bid to look good in the eyes of the US voters. The crux of the matter is that the US administration and the Democratic Party in general may have avoided this tricky situation ahead of the election if it had green-lighted Donald Trump’s initiative to fill the SPR at the time when oil prices were extremely low, per Stewart.
Back in 2020, in the midst of the COVID pandemic, then US President Donald Trump moved to buy oil for the SPR when West Texas Intermediate (WTI) oil prices were under $25 per barrel. Trump requested $3 billion from the US Congress to jump at this lucrative opportunity, but Democratic lawmakers nipped the president’s endeavor in the bud. Per Just the News, Democratic lawmakers bragged at the time that they had “eliminated a $3 billion bailout for big oil.”
“They could have picked up several hundred million barrels at $15, but because it was what President Trump wanted, Congress said no,” Stewart told the media outlet.
The Biden administration’s blunders have not gone unnoticed by the US public. A new Gallup poll shows that none of the US federal government’s top officials have a job approval rating above 50%. When it comes to President Joe Biden, he ended 2023 with “a persistently low job approval rating of 39%,” per the pollster.
New Report Highlights Green Failure in Europe and Warns America
By Rick Whitbeck | RealClear Energy | January 4, 2024
As one digests Rupert Darwall’s latest report for the RealClear Foundation, the well-known quote from Spanish philosopher George Santayana might ring through the mind: “Those who cannot remember the past are condemned to repeat it.”
Anyone looking to combat the activists pushing a ‘net zero’ agenda here in the U.S. would be wise to read Darwall’s piece, entitled “The Folly of Climate Leadership.”
The analysis tells the story of Great Britain heeding the cries for decarbonization, starting when Parliament wrote an 80% decrease in emissions target into law in 2008. They raised it to 100% – or “net zero” – in 2019. The results have clearly been catastrophic.
Since decarbonization efforts commenced, Britain’s economy has grown at half the rate as it did from 1990-2008. According to a research study from noted British economic historian Nicholas Crafts, that’s the second-worst period of British peacetime growth since 1780.
In addition to the economic malaise, British energy prices have skyrocketed, and Britons are now concerned with how to survive the effect of those costs on their wallets, as they look to heat and power their homes and businesses, travel for work and pleasure and live life as best they can.
The differences between British energy costs and those here in the U.S. are staggering: Britons paid an average of $228 per megawatt hour (MWh) for electricity generated from coal in 2022, whereas Americans paid an average of $27 per MWh. For natural gas, 2022 saw Britons paying $251 per MWh, versus American consumers averaging $61 per MWh for their power.
Darwall’s report also highlights the effects of unchecked and anti-market driven government investment in ‘green’ energy on grid reliability, as intermittent production from wind and solar – coupled with a lack of utility-grade energy storage – dropped electricity generated per gigawatt of capacity falling 28% since 2009.
The same arguments that have crippled Britain’s economy are now being used by the Biden Administration here at home, with zealots in Cabinet-level positions – including Energy Secretary Jennifer Granholm, Interior Secretary Deb Haaland, and EPA Director Michael Regan – pushing the message from their bully pulpits.
The recent – and completely misnamed – Inflation Reduction Act passed by Congress provided the zealots with nearly $400 billion to dole out to supportive organizations and start-ups to jump-start our nation’s push for ‘net zero.’ Those dollars – doled out with few oversights or performance metrics attached in many cases – have produced very few wins in the last year, unless a win is measured in keeping political cronies happy and rich.
Consider: wind energy projects in Nebraska, Colorado, Rhode Island, Connecticut, and New Jersey were scrapped last year, even after untold millions of federal dollars went to their developers. Over 100 solar companies went bankrupt, and solar projects from California to Florida were shuttered in the middle of their development. Battery storage – a key component to offsetting the intermittency of wind and solar – also saw projects stalled, along with at least one lawsuit filed against a storage company when its solution failed.
Despite the perils of ‘green’ energy dependence shown throughout Europe, the eco-left continues to double down on ridding America of traditional energy sources. Supporting those efforts are ideologue billionaires, who continue to fund net-zero initiatives.
Former New York City Mayor Michael Bloomberg has given well over $1 billion of his personal wealth to the Sierra Club to fund its “Beyond Coal” and “Beyond Carbon” campaigns. Designed to rid the U.S. of every coal-fired power plant by 2030, the Sierra Club/Bloomberg partnership has succeeded in shutting down nearly two-thirds of the plants to-date, with most of the remaining in rural locations, including my home state of Alaska, where alternatives to existing coal plants in the state’s interior don’t readily exist. Without coal, countless Alaskans would have their livelihoods – and very lives – threatened during our long, dark and sub-zero-temperature winters.
With activists entrenched in government bureaucracy, zealots running government agencies and rich men (and women) funding these efforts, only those educated in historical failures of decarbonization – and willing to stand up and fight back against the climate warriors – stand a chance of helping stem the attacks. Darwall’s study should be required reading for anyone looking to build a fortress in their state against job-killing, family-harming decarbonization efforts.
Rick Whitbeck is the Alaska State Director for Power The Future, a national nonprofit organization that advocates for American energy jobs. Contact him at Rick@PowerTheFuture.com and follow him on X (formerly Twitter) @PTFAlaska
China’s COSCO halts shipping to Israeli ports: Israeli media
The Cradle | January 7, 2024
Chinese state-owned shipping company COSCO, the fourth largest in the world, has halted sailing to Israeli ports, Israeli media outlet Globes reported on 7 January, in the wake of attacks and attempted seizures of vessels heading to Israel via the Red Sea by Yemeni armed forces.
The Israeli report indicated that the Chinese firm did not disclose a reason for the policy change. COSCO’s offices in Israel have refused to comment on the development.
The Globes report attributed the decision to the close ties between China and Iran, which sells 90 percent of its crude oil exports to Beijing. Iran is a supporter of the Yemeni government and opposes Israel’s ongoing war on Gaza.
In a similar development, the Hong Kong-based OOCL halted all cargo deliveries to Israel last month, citing “operational problems.”
In the same month, other major shipping firms, including the Mediterranean Shipping Company (MSC) and CMA CGM, announced their decision to halt shipments to Israel one day after the Yemeni Armed Forces attacked two Israel-bound vessels.
Yemeni forces have been attacking Israeli-bound vessels in the Red Sea in response to Israel’s war on Gaza, which the Sanaa government views as genocide.
Washington and its allies in turn formed the Prosperity Guardian naval coalition and issued an ultimatum to Yemen’s Ansarallah-led government to stop their Red Sea operations or suffer the “consequences.”
Yemen’s actions have forced numerous leading shipping companies to instead travel around the Cape of Good Hope at the southern tip of Africa to reach Europe, extending the shipping times by two weeks and increasing costs.
On 31 December, US naval forces sank three Yemeni boats in the Red Sea, killing ten Yemeni naval soldiers.
From the onset of the Gaza conflict on 7 October, Yemeni military forces have targeted a minimum of 15 merchant vessels either bound for Israeli harbors or owned by entities associated with Israel.
Migration as Economic Imperialism

By Gregory Elich | January 5, 2024
Numbering an estimated 169 million, international migrant laborers are generally regarded in mainstream economic circles as playing a substantial role in poverty alleviation and economic development in their home countries. This is accomplished, it is asserted, through remittances sent home by migrants, reaching an estimated $647 billion arriving in low- and moderate-income countries in 2022, a total that surpasses foreign direct investment in those nations. As one World Bank policy researcher explains, remittances “have a profound impact on the living standards of people in the developing countries of Asia, Africa, Latin America and the Middle East.”
In his latest book, Migration as Economic Imperialism, political analyst Immanuel Ness challenges and complicates that simplified narrative, situating the global migrant labor system in the broader context of the long history of resource and labor extraction between the Global North and Global South.
McDonald’s latest business titan to face impact of pro-Israel stance

The Cradle | January 5, 2024
The CEO of McDonald’s, Chris Kempczinski, said on 4 January that several markets in West Asia and some outside of the region were facing a “meaningful business impact” due to the war between the Palestinian resistance and Israel.
Kempczinski also said that “associated misinformation” about the company has been a reason for the financial issues the brand is facing, and that the misinformation surrounding McDonald’s was “disheartening and ill-founded.”
Western Israeli-linked fast food chains, including McDonald’s and Starbucks, have seen large grassroots boycott campaigns emerge over pro-Israel stances and alleged financial ties with Israel.
“In every country where we operate, including in Muslim countries, McDonald’s is proudly represented by local owner-operators who work tirelessly to serve and support their communities while employing thousands of their fellow citizens,” Kempczinski said in a social media post. “That local community connection is the genius of the McDonald’s system.”
West Asian locations of McDonald’s are part of the company’s international developmental licensed markets division, a section that generates around 10 percent of the company’s revenue.
McDonald’s franchisee in Malaysia, owned by Saudi Arabia’s Lionhorn Pte Ltd, filed a lawsuit against BDS Malaysia, accusing the group of “defamation,” and is seeking damages of over $1 million. Meanwhile, the Israel franchisee has supported the Israeli army by supplying its forces with free meals, according to BDS, “during the ongoing genocide of 2.3 million Palestinians in Gaza.”
Starbucks, another Western, Israeli-linked company, has also come out to say that the negative views brought upon the brand have been “influenced by misrepresentation on social media of what we stand for.”
In December 2023, the losses of Starbucks, a Seattle-based company, stood at $11 billion in value during the last quarter, due to Palestinian solidarity boycotts and employee strikes.
The company tried to bounce back on losses by implementing a scheme during the holiday season that would allow consumers to receive a free holiday cup with every purchase.
When announcing the gimmick in mid-November last year, the company’s market share crashed by 8.96 percent, accounting for billions in losses, the lowest the company has experienced since 1992.
US Pressured Dutch Chipmaker ASML to Halt Sales to China
By Chimauchem Nwosu – Sputnik – 02.01.2024
A Netherland-based multinational microchip maker ASML Holding NV has halted scheduled shipments of production equipment to China at the behest of the United States.
That came days before the implementation of export controls on advanced ultraviolet lithography machines, sources familiar with the matter revealed to the press.
ASML is the sole producer of deep ultraviolet (DUV) lithography machines vital for the semiconductor industry, which is booming in China — much to the chagrin of politicians in Washington.
Under Biden’s government the US is stepping up attempts to hold back Beijing’s rapid development in the advanced semiconductor sector, with its allies also constraining chip tech exports.
Last year, Huawei Technologies debuted the Mate 60 Pro smartphone, featuring the indigenously-produced Kirin 9000S chip. The development was seen by the US as a challenge to Apple’s iPhone 15, which is powered by next-generation chips produced using ASML’s immersion lithography and was launched in 2023.
ASML confirmed that the Dutch authorities had restricted the export of specific lithography systems to China. Addressing media reports, the Dutch chipmaker mentioned ongoing talks with the US regarding export restrictions, offering no more details.
As the news broke, the stock values of Chinese chipmakers saw dips in their stock values. Semiconductor Manufacturing International (SMIC), a key supplier of Huawei’s 7-nanometer processors, saw its stock fall by three percent in Hong Kong on Tuesday. Hua Hong Semiconductor suffered a similar slump, dropping by 2.8 percent.
ASML, Europe’s most valuable technology firm, remained relatively stable at €679.80 at 9:32 a.m. in Amsterdam trading after falling by as much as 1.8 percent earlier.
US National Security Adviser Jake Sullivan contacted the Dutch government late last year about the ASML’s supply of the immersion deep ultraviolet lithography machines to China. Dutch officials told the White House to speak directly to the European chip giant.
Deliveries of some Chinese orders of the machines, each priced in the tens of millions of dollars, were reportedly canceled although the precise number remains undisclosed.
A representative from the Chinese Foreign Ministry denounced the US for meddling in China’s affairs, labeling it as a demonstration of American “hegemony” imposing artificial restrictions on other nations.
The official also called upon the Dutch authorities to “respect the spirit of the contract and world order, to safeguard the mutual benefits of the two countries.”
Under former president Donald Trump in 2019 the US pressured the Dutch government to block ASML, the sole producer of deep ultraviolet lithography machines vital for semiconductor production, from selling to China.
The Biden administration followed suit by pressuring the Netherlands to tighten export controls on ASML’s second-tier DUV machines to China from January 1 this year. In response, Beijing increased its imports of the restricted machines.
Chinese customs figues show imports of lithography machines into the country surged fivefold to $3.7 billion from July to November 2023.
In Q3 2023, China accounted for nearly half of ASML’s sales, representing 46 percent, which marked a significant increase from 24 percent in Q2 and just 8 percent in Q1 ending in March. This surge came as regional companies hastened their machine imports in anticipation of forthcoming export controls.
In October, ASML’s departing CEO, Peter Wennink, alerted shareholders that the imposed constraints might affect around 15 percent of their sales in China. He has voiced opposition, fearing these actions might prompt China to forge its own technological solutions.
“The more you put them under pressure, the more likely it is that they will double up their efforts,” Wennink told a news outlet.
China, Iraq begin construction of new city near Baghdad
The Cradle | December 29, 2023
Iraq broke ground on 29 December on 30,000 housing units near Baghdad, as part of a $2 billion project in partnership with Chinese firms to build five new cities across Iraq, Bloomberg reported on 29 December.
The government of Prime Minister Mohammad Shia al-Sudani is seeking to build 250,000 to 300,000 housing units for poor and middle-class families. The new city on the outskirts of Baghdad will include universities, commercial centers, schools and health centers and should be completed in four to five years.
Contracts to build the housing units were awarded to East China Engineering Science and Technology Co., Ltd. and China National Chemical Engineering Co., Ltd along with their Iraqi partner Shams al-Binaa.
Contracts to build four more cities are expected to be awarded soon and another 10 will be announced next year, including in Karbala, Anbar, Nineveh and Babel governorates.
Chinese firms have increased their presence in Iraq in recent years, in part due to a deal between Baghdad and Beijing.
In 2019, Iraq signed a 20-year contract, agreeing to supply Chinese firms with 100,000 barrels per day (bpd) of crude oil, with the revenue earmarked for funding various development projects in Iraq undertaken by Chinese firms.
Following the deal, Chinese firms built 1,000 schools, developed the Nasiriya city airport, erected power plants, and completed several other infrastructure projects.
China has accelerated its investment in Iraq and other West Asian nations as part of its Belt and Road Initiative (BRI) announced in 2013.
China seeks to maintain stability in West Asia, given the region’s energy resources and geo-strategic location, to safeguard Beijing’s energy imports and shipment of manufactured goods to foreign markets.
Kremlin Warns of Potential Retaliatory Steps Against Assets of Foreigners
Sputnik – 29.12.2023
MOSCOW – Russia has a list of the assets of foreigners that can be taken as a reciprocal measure, Kremlin spokesman Dmitry Peskov said on Friday.
On Thursday, the Financial Times newspaper reported, citing sources, that Germany, France, Italy and the European Union have expressed reservations regarding Washington’s idea to confiscate Russian assets worth $300 billion and consider it necessary to first assess the legality of the measure.
“Of course there is [a list of foreign assets that Russia can take]. Understanding the unpredictability of our counterparts, let us say, complete unpredictability and, understanding their tendency to violate international law and other laws, including their own national ones, understanding their tendency to self-destruction, I mean the destruction of the modern economic system, undermining confidence in the basic postulates of the world economic system, I mean, the main reserve currency, the principle of inviolability of property and so on, then, of course, we analyzed possible retaliatory steps in advance, and we will do everything like this, so that it would best suit our interests … Therefore, such actions are fraught with very, very serious consequences,” Peskov said, answering the question whether Russia can withdraw foreign assets.
The seizure of Russian assets abroad is illegal and can cause serious harmful consequences, including becoming another blow to the global economy, the spokesman added.
Falling falling falling. The stock price of fake meat
Didn’t they say the substance derived from lab-grown blood that gives it a meat flavor was carcinogenic?
BY MERYL NASS | DECEMBER 27, 2023
The Impossible Burger company (Impossible Foods) has not gone public:
As of December 2023, Impossible Foods remains privately owned. Furthermore, while the company has stated that an IPO “will happen,” it seems not to be in a hurry, a state indicated by lukewarm statements and a lack of time references. Since the market curtailed its enthusiasm toward plant-based food alternatives during the second half of 2023, the current financial environment pushes the earliest likely Impossible Foods IPO date to 2024 or even 2025.
Beyond Meat isn’t worth much.

Even when its stock price was high, it never made any money. And now its cost of revenue exceeds its revenue. Better close up shop while it can.

Germany: “Renewable Energy Sector Facing The Abyss”… ”On The Brink” … Economy Breaking Up
By P Gosselin | No Tricks Zone | December 27, 2023
Germany’s Blackout News reports on how Germany’s move into renewable energies has gone from “a boom to crisis”.
The policies of (worst ever) Economics Minister Robert Habeck (Green Party) are leading the German economy to disaster. Photo: public domain.
It wasn’t long ago, when interest rates and inflation were low, and the economy and the business of renewable energies in Germany were booming.
But now, Blackout News reports how “the outlook for the renewable energy sector has deteriorated drastically” and affordable raw materials have become hard to get. Manufacturers are now reeling. “The renewable energy sector is facing the abyss” and is “on the brink.”
“The S&P Global Clean Energy Index, which monitors the performance of the sector, has fallen by 32% in the last 12 months, while the global stock markets have risen by 11%,” writes Blackout News. “These losses on the stock market not only affect the companies themselves, but also the investors and shareholders who have invested in renewable energies.”
Reduced work hours, job cuts
Blackout News also reports how the German economy in general, the biggest in Europe, is crumbling at its foundation. For example, construction equipment manufacturer Liebherr “is putting 1000 employees on short-time working for 9 months.”
Also Stiehl, Gardena and Hansgrohe, are “opting for short-time working and job cuts.”
Other famous German companies planning cuts include textile group Groz-Beckert in Albstadt-Ebingen, and chainsaw manufacturer Stihl,
“Rising inflation and the construction crisis are two of the main reasons for the current economic uncertainty. Rising inflation is putting a strain on households,” reports Blackout News.
The major driver of inflation and all the German economic misery? The rising cost of energy caused by the government’s incompetent energy policies.

