Industry so this is what coronaviruses done is created this Prison Planet type of situation certainly and the workers in the netherlands 80 percent of them are racked are basically part of organized labor they have collective bargaining so this is what theyre fighting over is 2. 02 euros a day for toilet paper that they now have to buy a home that they used to use at the office and this is apparently considered a right across the rest of europe we see spain has obliged employers to pay for home office meat and some equipment germany is debating a bill in trying to Remote Workers rights francis passed a law shielding them from after hours email of course while britain has hinted that it may relax the rules on Tax Deductions for work related equipment purchased during the pandemic of course we just passed a tax bill a huge one last year here in america and that got rid of that Tax Deduction if for things you have to buy from home for work that is not reimbursed from your office like in a
Paris the french president announcing the frogs is going back into lockdown for a least a month it could be longer depending on the Health Situation and whether that improves now imagine what karl said that this time the lockdown would be a little bit more flexible if you like in that schools will remain open universities will shots however people still be able to go for medical appointments and Public Services will remain open so those are things that were shot during the april march april may lockdown so little bit more flexibility but still it sounds as if it will be a very strict lockdown. Well germany is also heading into a month long lockdown with restaurants bars and james ordered to be shot for monday people will be asked to not travel but schools and shops will remain open chancellor Angela Merkel has announced an 11000000000. 00 Relief Program in the past they both italy and spain of also announced more than 20000. 00 new cases. Azerbaijan has accused armenia of the deadliest
Between those who are counted and those who are not counted in the europe lets look there 1st because this is a topic that is dear to my heart and that is toilet paper who pays for the toilet paper the Big Questions of the work from home as the world compulsives in crisis and tens of millions of us dig in for the long haul of working from home one question looms large who pays for the t. V. And toilet paper the answer according to the dutch is your bosses and how much about to your oh so or 2. 40 per working day on average this is interesting the lockdown has shifted the way people relationship with their bosses of their companies and how to account for costs and a down to the granularity of toilet paper and the only industry i know where toilet paper costs are incorporated in the p. And l. On a monthly or weekly basis is in the prison business in prison people d are very parsimonious with their toilet paper and its all accounted for due to the nature of that industry so this is what c
Lockdown has shifted the way people relationship with their bosses of their companies and how to account for costs in a down to the granularity of toilet paper and the only industry i know where toilet paper costs are incorporated in the p. And l. On a monthly or weekly basis is in the prison business in prison people are very parsimonious with their toilet paper and its all accounted for due to the nature of that industry so this is what coronaviruses done is created this Prison Planet type of situation certainly and the workers in the netherlands 80 percent of them are wrecked are basically part of organized labor they have collective bargaining so this is what theyre fighting over is 2. 02 euros a day for toilet paper that they now have to buy a home that they used to use at the office on the. Is this apparently considered a right across the rest of europe we see spain has obliged employers to pay for home office meat and some equipment germany is debating a bill in training Remote
Record 7. 4 percent between july and september. It has recovered two thirds of the ground it lost during the first half of the year during the pandemic, but many economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. So lets begin with these new numbers. Do you acknowledge these record gains follow record losses . Larry of course i do. The pandemic contraction because of the shut ins last spring generated a very heavy economic toll. Very heavy. You have a 33 increase, annualized increase in the third quarter. Thats a record. I want to go underneath the hood here because i think this is a selfsustaining recovery. The numbers are gargantuan. I am going to read them off. You have Consumer Spending up 41 , housing up 59 , Business Investment in equipment up 70 and automobile production up almost 1200 . My take is this this is selfsustaining. It is going to spill over into the Current Qu