The Fine Arts Showcase turned the Humble Roundabout into a Lone Place for Art by France None
None * NYC's Waldorf Icon Gets Plush Renovation, becomes Icon of China Overreach by Los Angeles, says Icon of the Waldorf.
None What is the Front Line of the U.S. None Tycoon Behind a Crisis-Era Property Crash now sits on a $9 Billion debt modded back in 2006.
None They invented the Must-Have Instrument for the Burning Man Set. In October the confidence of German investors declined for a fifth month, adding to evidence that global supply bottlenecks and a rise in inflation are weighing on the recovery of Europe's largest economy.
The ZEW institute s gauge of expectations fell to 22.3 from 26.5 the preceding month, the lowest since coronavirus lockdown in last year. The outlook for the euro zone deteriorated as did measures of current conditions.
A persistent shortage of inputs, a lack of shipping capacity and a rapid increase in energy costs are threatening economic rebounds across the globe, leaving manufacturing-heavy countries such as Germany especially exposed. Some of the country s major economic think tanks have already revised their domestic growth projections, with the Ifo and DIW institutes both forecasting that the recovery will be pushed into 2022.
This month s declining sentiment is mainly due to persistent supply bottlenecks for raw materials and intermediate products, ZEW President Achim Wambach said in a statement. Financial market experts expect profits to go down, especially in export-oriented sectors such as car manufacturing and chemicals and pharmaceuticals. Businesses have also reported a loss of optimism, and recent surveys suggest weakness is spilling into services as consumers are wary of rapid rising prices.
In September, the inflation rate in Germany reached the highest level in nearly three decades. So far, European Central Bank officials have insisted that the spike is largely persistent, but recently began to warn that price pressures could also be more transitory.
Hurricanes, Natural Gas Dollars and Jobs Flood As Louisianans Flee Hurricanes, Floridans No. None As Louisianans Flood In