the staff of the Ridgewood blog
Ridgewood NJ, The U.S. economy has regained its status as the world’s most competitive , for the first time since 2008, according to the World Economic Forum’s Global Competitiveness Report. The U.S. scored 85.6 out of a possible 100. The World Economic Forum says the U.S. is the country closest to the “frontier of competitiveness,” an indicator that ranks competitive productivity using a scale from zero to 100.
“America’s vibrant entrepreneurial culture and its dominance in producing a competitive labor market and nimble financial system” partly explain its top ranking, the Global Competitiveness Report says.
Continue reading US Economy Ranked #1 on Global Competitiveness Index
Jeff Cox | @JeffCoxCNBCcom
McDonald on Deutsche Bank: Similar dynamic to Lehman 6 Hours Ago | 02:19
German officials could be about to find themselves in an uncomfortable position: Being called on to show they’re ready to rescue a bank in a part of the world where such operations are considered taboo.
Deutsche Bank came under intensified market fire Thursday, the latest salvo being a Bloomberg report that a small number of hedge funds are trimming their sails at the German bank.
In a broad perspective, the move would represent a minor dent in Deutsche’s derivatives clearing business. Barry Bausano, chairman of Deutsche’s hedge fund business, told CNBC on Thursday that while there have been some outflows, there have also been inflows, which he said is “part of the typical ebbs and flows” of the prime brokerage business.
How is your Merkelsommer going? For now, Britain seems to be missing the worst. True, a couple of men of Middle Eastern appearance tried to abduct a soldier near his base in Norfolk for what was unlikely to have been an interfaith dialogue session. But Britain’s geographical good fortune, relative success in limiting weapons and our justified scepticism of the undiscriminating ‘open borders’ brigade mean that we have so far been spared the delights of what Angela Merkel’s growing army of critics refer to as her summer of terror.
It is now a fortnight since Mohammed Lahouaiej-Bouhlel shouted ‘Allahu Akbar’ and ploughed a truck along the Nice seafront, killing 84 people. The following Monday Mohammed Riyad, who said he was from Afghanistan but almost certainly came from Pakistan, screamed ‘Allahu Akbar’ while hacking with an axe at his fellow passengers on a Bavarian train. The next day another Mohammed, this time Mohamed Boufarkouch, shouted ‘Allahu Akbar’ and stabbed a Frenchwoman and her three daughters (aged eight, 12 and 14) near Montpelier. Mixing things up a little, that Friday’s shooter in Munich was a child of Iranians called Ali David Sonboly. Skip forward a couple of days and a ‘-Syrian asylum seeker’ with a machete was hacking a pregnant woman to death in Stuttgart. The next day another ‘Syrian asylum seeker’, Mohammad Daleel, carried out a suicide bombing outside a bar in Ansbach, Bavaria. And a little over 24 hours later two men shouting the name of Isis entered a church in Rouen during Mass, took the nuns and congregation hostage and slaughtered the priest with a knife.
FIVE European countries may seek to follow Britain’s lead in leaving the EU in a Brexit domino effect, Germany has warned.
By JONATHAN OWEN
France, the Netherlands, Austria, Finland and Hungary could leave.
Front National leader Marine Le Pen has pledged to hold a French referendum if she emerges victorious in next year’s presidential elections.
While for the past two months a Nexit has been on the cards after Dutch voters overwhelmingly rejected a Ukraine-European Union treaty
Details of Berlin’s concerns were outlined in a finance ministry strategy document.
Angela Merkel’s country faces having to pay an extra £2.44billion a year to the annual EU budget once Britain has left.
Fears for the future of the EU have prompted German government officials to propose that Britain is offered “constructive exit negotiations”.
The aim is of making the UK an “associated partner country” of the EU, according to German newspaper Die Welt today.
DRESDEN, Germany (AP) — Protesters rallied against Islam and immigration in several European cities Saturday, sometimes clashing with police or counter-demonstrators amid growing tensions over the massive influx of asylum-seekers to the continent.
Riot police clashed with demonstrators in Amsterdam as supporters of the anti-Islam group PEGIDA tried to hold their first protest meeting in the Dutch capital. Only about 200 PEGIDA supporters were present, outnumbered by police and left-wing demonstrators who shouted, “Refugees are welcome, fascists are not!”
Dutch riot police detained several people as officers on horseback intervened to separate the two groups of demonstrators. It was not immediately clear how many people were detained.
In Germany, up to 8,000 people took part in a PEGIDA rally in Dresden, according to the independent group Durchgezaehlt, which monitors attendance figures. Up to 3,500 people took part in a counter-demonstration on the other side of the Elbe River that divides the city, it said.
No incidents were reported at the event.
In the northern French city of Calais, police dispersed a rowdy anti-migrant protest with tear gas after clashes with protesters and detained several far-right demonstrators.
Around 150 militants from the anti-Islam, anti-immigration group PEDIGA gathered Saturday chanting slogans like: “We must not let Calais die!”
Calais has been a focal point for migrants who want to slip into Britain via the Channel Tunnel. Several thousand have been living there in slums for months.
By CIARAN FAHEY
HANNOVER, Germany (AP) — The friendly soccer game between Germany and the Netherlands was canceled 90 minutes before kickoff on Tuesday due to the threat of a bomb at the stadium.
“We had concrete evidence that someone wanted to set off an explosive device in the stadium,” Hannover police chief Volker Kluwe told German TV.
Referring to another bomb threat about an hour beforehand that turned out to be a false alarm, Kluwe said, “After the first object turned out to be harmless, we got a tip that had to be taken seriously that an attack was being planned.”
Members of the German government including Chancellor Angela Merkel were not at the stadium, but had arrived in Hannover to attend the match to send a signal that Germany wouldn’t bow to terrorism in the wake of the deadly Paris attacks on Friday.
At that time, Germany was playing France in a soccer friendly in the Stade de France, outside of which three suicide bombers blew themselves up, killing one bystander. The bombers sought unsuccessfully to enter the stadium. At least 129 people were killed in the coordinated attacks in the French capital.
Federal Interior Minister Thomas de Maiziere took responsibility for calling off Tuesday’s game. He said indications of a planned attack became stronger as the match approached, and the decision was made shortly after Merkel and her ministers landed. She flew back to Berlin.