Germany’s deficit nears €99 billion
7m
Germany’s federal, state and local governments posted a nearly 99 billion euro budget deficit in the first half of 2026, as spending rose faster than revenue.
Household debt at a record high.
Student loan defaults at a record high.
Credit card debt at a near record high.
Meanwhile, corporate profits are the highest they’ve ever been.
CEOs are paid 325x more than their typical workers.
U.S. billionaire wealth is up 30% in a year.
It's unsustainable.
Student loan defaults at a record high.
Credit card debt at a near record high.
Meanwhile, corporate profits are the highest they’ve ever been.
CEOs are paid 325x more than their typical workers.
U.S. billionaire wealth is up 30% in a year.
It's unsustainable.
October 1, 2026 at 5:30 PM
Household debt at a record high.
Student loan defaults at a record high.
Credit card debt at a near record high.
Meanwhile, corporate profits are the highest they’ve ever been.
CEOs are paid 325x more than their typical workers.
U.S. billionaire wealth is up 30% in a year.
It's unsustainable.
Student loan defaults at a record high.
Credit card debt at a near record high.
Meanwhile, corporate profits are the highest they’ve ever been.
CEOs are paid 325x more than their typical workers.
U.S. billionaire wealth is up 30% in a year.
It's unsustainable.
For the typical worker, more than half of every dollar of income growth is going right back out the door in debt payments.
This new report from @tcfdotorg.bsky.social and @protectborrowers.bsky.social makes it clear: the economy is rigged against working families.
This new report from @tcfdotorg.bsky.social and @protectborrowers.bsky.social makes it clear: the economy is rigged against working families.
Workers are earning more. But more than half of those income gains are being swallowed by debt.
For the typical worker, 52¢ of every $1 of income growth went to debt payments.
For the typical worker, 52¢ of every $1 of income growth went to debt payments.
October 1, 2026 at 8:22 PM
For the typical worker, more than half of every dollar of income growth is going right back out the door in debt payments.
This new report from @tcfdotorg.bsky.social and @protectborrowers.bsky.social makes it clear: the economy is rigged against working families.
This new report from @tcfdotorg.bsky.social and @protectborrowers.bsky.social makes it clear: the economy is rigged against working families.
Total Construction spending for Aug 2026 came in at $2.2B. Relative to prior month, this is an increase by 0.9%. In Jul 2026, construction spending fell by-0.1% #construction #gdp #econsky
October 1, 2026 at 8:53 PM
Total Construction spending for Aug 2026 came in at $2.2B. Relative to prior month, this is an increase by 0.9%. In Jul 2026, construction spending fell by-0.1% #construction #gdp #econsky
Overall things are moving in the right direction: "Around USD 2.2 trillion is going collectively to renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification, twice as much as the USD 1.1 trillion going to oil, natural gas and coal."
October 2, 2026 at 11:22 AM
Overall things are moving in the right direction: "Around USD 2.2 trillion is going collectively to renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification, twice as much as the USD 1.1 trillion going to oil, natural gas and coal."
by Christine Kooi Reposted by Frederik Dhondt
For colleagues who do research in Belgium: the new Flemish government austerity budget cuts 47 million Euros in support to cultural institutions like archives, libraries and museums. It sounds truly awful. 🗃️
www.brusselstimes.com/belgium/2340...
www.brusselstimes.com/belgium/2340...
'Difficult measures needed': Flemish government presents €2 billion in cuts
The Flemish government has approved nearly €2 billion in spending cuts, rising to €3 billion by 2029, to balance the region’s budget over the next three years.
www.brusselstimes.com
October 1, 2026 at 5:55 PM
For colleagues who do research in Belgium: the new Flemish government austerity budget cuts 47 million Euros in support to cultural institutions like archives, libraries and museums. It sounds truly awful. 🗃️
www.brusselstimes.com/belgium/2340...
www.brusselstimes.com/belgium/2340...