February 14, 2006
WILLIAM WARLEY ECONOMY (*):
Germany's economy treading water (BBC, 14 February 2006)
The German economy stagnated in the final quarter of 2005, casting doubt on the durability of its nascent economic recovery. [...]Recent economic indicators have been mixed, with unemployment rising but exports performing strongly.
The jobless total rose back above the five million mark in January, while retail sales fell in December.
On the other hand, Germany's trade surplus rose to a record level last year - and business confidence is at a five year high.
Europe's largest economy slowed towards the end of 2005 after seeing growth of 0.6%, 0.3% and 0.6% in the first three quarters of 2005.
"The economic growth of the first three quarters did not continue towards the end of 2005," Germany's Federal Statistics Office said in a statement.
The export figures suggest the only thing keeping the economy afloat is being dragged along by the strength of others. Posted by Orrin Judd at February 14, 2006 6:55 AM
I assume this reference is to Buchanan v. William Warley, an old decision wherein the SCOTUS ruled against a law requiring racially segregated housing in Kentucky.
Further affiant sayeth not.
JP
Posted by: jefferson park at February 14, 2006 1:15 PMOf the aforementioned William Warley, it was said "He did what he could." Similarly, the German economy, feeble as it is, is doing the best it can...
Posted by: b at February 14, 2006 6:39 PMI was sure at least David would get this one.
Posted by: oj at February 14, 2006 7:55 PMWell, Warley's argument was that segregation rendered him unable to pay the full value of the property he'd agreed to buy from Buchanan. This was a deliberate test case, by the way. So obviously, in the crevasses of oj's brain, this has something to do with immigration, or anti-immigration. Go ahead and neglect to send me that book about how Europe became Christian.
Posted by: joe shropshire at February 14, 2006 8:27 PMStill the wrong Warley.
Posted by: oj at February 14, 2006 9:45 PMAh, now I get it. William Warley, from Master & Commander. The one who went overboard and they couldn't rescue.
Posted by: b at February 14, 2006 10:58 PMding...ding...ding!!!!
send your address & I'll send a book.
Posted by: oj at February 14, 2006 11:07 PMOh but he was rescued ... and later moved to Louisville, Kentucky where he became somewhat litigious in his (very) old age.
Or so I heard.
JP
Posted by: jefferson park at February 15, 2006 10:14 AM