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TOP NEWS: Tui suffers EUR1.5 billion half-year loss but sees rebound

TOP NEWS: Tui suffers EUR1.5 billion half-year loss but sees rebound Wed, 12th May 2021 09:48 (Alliance News) - Tui AG on Wednesday said lockdowns imposed to combat the coronavirus pandemic badly hurt performance in the first half of its current financial year, but it said demand for holidays remains strong. The Hanover, Germany-based tour operator saw its loss widened to EUR1.50 billion for the six months to the end of March from EUR815.0 million a year before. Underlying loss before interest...
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Source: lse.co.uk

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America's Neoliberal Financialization Policy vs. China's Industrial Socialism – The Greanville Post

By Michael Hudson An early Kissinger, Machiavelli presented the amoral choices of realpolitk to his masters. "Financialized industrial capital wants a strong state to serve itself, but not to serve labor, consumers, the environment or long-term social progress at the cost of eroding profits and rents... Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to...
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Michael Hudson: America's Neoliberal Financialization Policy vs. China's Industrial Socialism

Yves here. Michael Hudson said he both enjoyed and very much appreciated the robust discussion among members of the commentariat last weekend about what to call China’s economic model. He’s keen to continue the discussion. To advance that end, Michael has graciously given us a lecture being subtitled in Chinese for release in a few weeks. It summarizes a series of talks and will also be included in his my book to be published later this summer, “The Destiny of Civilization: Industrial Cap...
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