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Real advances as impeachment drive overcomes intervention

  Bloomberg Brazil’s real rose as the Senate gears up for a vote that would force President Dilma Rousseff out and into an impeachment trial she appears unlikely to survive, even as the central bank intervened to weaken the currency. The real strengthened 0.4% to 3.4639 per dollar in Sao Paulo as the monetary authority announced it would offer 20,000 ...

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Germany’s middle class is endangered, too

  The plight of the middle class is one of the hottest topics in the U.S. presidential campaign. Candidates compete to offer plans for the revival of the dependable middle, the foundation of society. The polarization isn’t only occurring in the U.S., though. In Germany, with its far more socialist income redistribution model, the middle class also is endangered. In ...

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Australia: Optimistic on jobs and growth?

  Budgets can be austere things, as Australia’s was – or tried to be — in 2014. They can also be optimistic, about delivering surpluses or in this government’s case “jobs and growth.” Australian Prime Minister Malcolm Turnbull and his Treasurer Scott Morrison have delivered an optimistic budget. Or at least they delivered it optimistically, with Turnbull waxing lyrically if ...

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