Cover-up in the White House – Morning Briefing

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Good morning dear readers,

the art of politics is to simply open up new areas of conflict and find new scapegoats at the moment of danger. US president Donald Trump has now created an opponent whom he regards as far too friendly to China: the World Health Organization WHO. Without further ado he stops all contribution payments. The government should review the role of WHO in “Cover-up the spread of the corona virus ”, it trumpets. When it comes to cover-ups, however, Trump himself has been the first to go: He ignored warnings from his adviser Peter Navarro, several authorities and his senior virologist Anthony Fauci. And preferred to talk about the fact that one day this virus would just go away. That the wisp of the White House is now against the resistance of ten Governors “All-encompassing power” claimed for shutdown easing is another punch line with a bang effect.

Bavaria’s Prime Minister Markus Söder refuses to open the schools promptly after the Easter holidays.

Early starters will be called back at the 100-meter sprint. In politics, they hope Bundestag elections to win. When it came to toughness in the Corona fight more than three weeks ago, none was faster than Markus Söder (CSU), the Frankenblitz from the Munich Hofgarten. If now the first openings after the short circuit of society and economy (“lockdown”) are up for debate, wanted Armin Laschet seemingly faster this time, the basic dynamic candidate for Chancellor CDU. The NRW Prime Minister has the kind of a Praecox policy Opening of day care centers and schools announced for next week – which in turn criticizes Söder, who wants to restrict catering, the hotel industry and large celebrations “for the foreseeable future”. A bizarre speed and strength test thus initiates today’s telephone exchange with the Chancellor Angela Merkel the heads of the federal states want to commit to a uniform anti-virus policy.

Klaus-Michael Kuehne is something like the shipper of globalization. Now he fears that the international division of labor will level off at a lower level and that some companies will share part of it Production from abroad retrieves. The head of the logistics and transport giant, who lives in Switzerland Kuehne + Nagel speaks in the minor in the Handelsblatt interview mostly: “I think that the current crisis leads to a reduction of the general Living standards and prosperity The 82-year-old finds it bitter that the start-up phase of his Hamburg luxury hotel “The Fontenay” abruptly breaks off and one cannot foresee when this “crazy crisis” will end.

The chief economist of the International Monetary Fund (IMF), Gita Gopinath, during a virtual press conference.

The numbers for Kühne’s gloomy painting come from International Monetary Fund (IMF). He expects three percent less economic output on earth in 2020, the worst recession since Great Depression 90 years ago. In the euro zone, gross domestic product declined by 7.5 percent, in Germany by 7.0 percent, before it would generally rise again in 2021. The losses from Corona are going to be for 2020 and 2021 Chief Economist calculates that it will be around $ 9 trillion Gita Gopinath.

Because we all have to find a way out of this crisis, because we need a “resistance” against the enemy Corona, it comes up very much Attitude and strength on – what the ever ready management literature in the vocabulary “Resilience” packs. My colleague is discussing this Sebastian Matthes Today, Wednesday, April 15, from 12 noon to 1 p.m. with the former Formula 1 driver Nico Rosberg and the investor Frank Thelen. Both are experts in coping with stress. You are welcome to ask the sports and finance men their questions live. Click here for free registration.

When it comes to money, debates about dividends and manager salaries sometimes end like a miracle on the final whistle. Because the Adidas group – Before Corona still showcase of financial capitalism – now getting a 2.4 billion euro loan from the KfW, the lender stops the distribution to shareholders so popular in Herzogenaurach. CEO Kasper Rorsted It also secures liquidity through a 600 million loan from a bank consortium and through one The Management Board waived all bonuses. Because the stores are closed, the sporting goods group lacks a large part of its sales. Rorsted can take part in addition to the KfW Oswald Spengler hold: “Everything important in the flow of life has arisen through victory and defeat.”

With Joachim Faber I spent a long time talking about how a Restart of the German economy can look like. The answer of the head of the supervisory board of Deutsche Börse AG: “A new start-up initiative, one Zero hour of the founders. ”That would bring modernization forward significantly, because a large part of the gross domestic product“ will in future no longer be served by traditional industry ”. Faber believes it is legitimate if the federal government prevents loans or participations from “making this interesting Startups now in the crisis at a bargain price foreign investors go”. In China and the United States, restrictions on the sale of good ideas have long been a matter of course, he believes – “only we Germans are Pattern boy of free world trade “.

The lovely story of the couple Tony and Maureen Wheelerwho turned the diary of their trip from England to Australia into a travel literature company after 1973 has suddenly come to an end. The corona crisis also exist “Lonely Planet” travel guide not undamaged; the icon of individual tourism freedom has been shaken to its foundations. The offices in Australia and England are closed, the magazines are discontinued, the travel guide department is cut down.

50 years ago, designer John Pasche created the motif for the Rolling Stones.

And then there is the motif “tongue and lips” Rolling stones, the most famous logo in rock’n’roll history, once by singer Mick Jagger demanded. Designer John Pasche, 74, created it exactly 50 years ago and still had to experience it again and again that the work Andy Warhol attributed a working zipper to the album released in April 1971 “Sticky fingers” brought. Products advertised with Pasche’s tongue-in-cheek brought the band hundreds of millions of pounds in total – but the creator, we learn, initially only received £ 50, then £ 200 bonus, and finally a few license fees. In 1982 Pasche finally sold that copyright for a comparatively measly £ 26,000 to the Stones. Spontaneously you are inclined to play a certain Stones song: “You can’t always get what you want.”

I wish you a creative and profitable day.

Greetings to you warmly


Hans-Jürgen Jakobs
Senior editor

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