LDear reader, the judgment of the Federal Constitutional Court on the second supplementary budget for 2021 from November 15, 2023 can be viewed as historical be referred to. Rarely have the judges in Karlsruhe been so clear to the federal government Limits in budget policy shown. They have not merely restricted future financial policy, as they have done with regard to European rescue programs since the EU debt crisis. The second supplementary budget for 2021 and the associated rule changes are even void. The ruling retroactively restricts budget policy. The Freiburg economist Lars P. Feld wrote in a guest article what financial policy could now look like. It has become a lesson about what lies ahead for the country and its citizens.
An electric motor is an electric motor. Or not? Three German and one French suppliers hold them Chinese competition with a new engine concept at a distance. A trip to the development sites of German automotive suppliers shows: Vitesco and also companies like Mahle and ZF, which grew up with pistons and gears, are working on one new generation of electric drives, which is supposed to do everything better, it delivers more kilowatts per kilogram and also does not contain rare earths, the magnetic materials that ensure high power density but whose extraction and processing takes place essentially in China. Valeo, a French supplier that obtained its electric motor expertise from a now fully integrated joint venture with Siemens, is also working on the resulting independence.
The technology that could break ground in electric motor construction in the second half of this decade is based on an old idea, the separately excited synchronous motor. Johannes Winterhagen has embarked on a journey through the latest technological developments that build on this old idea.
Instead of buying a house, it’s worth renting – and after that Model of the Norwegian sovereign wealth fund to invest. That’s our financial expert’s thesis this week Volker Looman. Because there is also life without a home. For consolation, one should simply look at the Norwegian sovereign wealth fund, especially recent developments. The Norwegian sovereign wealth fund was launched on January 1, 1998. As a result, the facility is almost 26 years old. During this time, the “oil fund” generated an average annual return of 6 percent with the help of stocks, bonds and real estate.
If you want to recreate this for yourself (as a tenant), Looman designs one in his piece exact construction plan for that. Here only in principle: The equity quota should be at least 60 percent, otherwise the return will plummet. Second: 40 percent of listed companies should come from America and 30 percent each from Asia and Europe. Third: distribute bonds from both governments and companies. Fourth, income should be accumulated whenever possible because reinvesting distributions involves a lot of work and high costs.
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best regards and have a nice weekend
Yours, Carsten Knop
editor
Frankfurter Allgemeine Zeitung
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