Mish's Global Economic Trend Analysis: Emails From French and Canadian Readers on "Preserving Culture" and the "Language Police": " . . . it's not just France that suffers from such stupidity, it is all of Europe. Every year France blocks changes in agricultural subsidies that exist solely to prop up inefficient French farms. As a result everyone in Europe pays higher prices for produce and other farm goods. Tariffs raise costs and restrain trade. Problems do not stop with agriculture and restaurants. Inane work rules also designed to "preserve the French way of life" have put France and Germany are on a collision course over numerous issues including heated exchanges regarding productivity and trade with China."
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Volkswagen aims to boost in-house software development to 60% by 2025 - Volkswagen said on Tuesday it would put 5,000 digital experts into a new unit called "Car.Software" by 2025 as the German carmaker aims to develop at least...