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☆ Jimmy Buffett Was More Than Beaches and Booze
▼ + stars: | 2023-09-02 | by ( Jon Pareles | More About Jon Pareles | ) www.nytimes.com time to read: +2 min

Jimmy Buffett built a pop-culture empire on the daydream of “wastin’ away again in Margaritaville”: just hanging out on a tropical beach, drink in hand, a little wistful but utterly relaxed. Buffett leveraged it into a major brand for restaurants, resorts, clothing, food and drink, as well as a perpetual singalong on his robust touring circuit, where his devoted fans — the Parrot Heads — gathered eagerly in their Hawaiian shirts. Buffett cannily marketed his good-timey image; it made him a billionaire. He came up with wry song premises like the one behind “Cheeseburger in Paradise,” which starts as the lament of an attempted vegetarian who can’t resist carnivorous impulses. But Buffett’s songwriting wasn’t all smiley and one-dimensional.

Persons: Jimmy Buffett, wastin ’, “, ”, Buffett, Buffett cannily, Kenny Chesney, Alan Jackson, Zac Brown, I’ve Locations: Margaritaville ”, Paradise, “, Paris

☆ Salesforce shrugs off growth concerns as reenergized CEO Benioff lifts guidance
▼ + stars: | 2023-08-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Non-GAAP earnings-per-share (EPS) of $2.12 grew 78% from last year and beat the $1.90-per-share EPS predicted by analysts, Refinitiv data showed. While the solid margin beat and upside to earnings are similar to what Salesforce reported back in May, one key difference this time was the increased revenue outlook. It now expects to hit $34.7 billion to $34.8 billion, up from $34.5 billion to $34.7 billion. Salesforce raised its GAAP EPS range to $3.50 to $3.52, up from $2.67 to $2.69, and non-GAAP EPS range to $8.04 to $8.06, up from $7.41 to $7.43. Salesforce also expects its cPRO to grow slightly above 11% from last year and that's slightly better than estimates of 10.8% growth.

Persons: Refinitiv ., Salesforce, Marc Benioff, Brian Millham, Jim Cramer's, Jim Cramer, Jim, Fabrice Coffrini Organizations: Revenue, CNBC, Economic, Afp, Getty Locations: Salesforce, Americas, Europe, Africa, Asia, Davos, Switzerland

☆ Joining BRICS, Iran Shrugs Off Outcast Status in the West
▼ + stars: | 2023-08-25 | by ( Farnaz Fassihi | More About Farnaz Fassihi | ) www.nytimes.com time to read: +1 min

Over the past 12 months, Iran has lurched from crisis to crisis. An uprising led by women and young people seeking an end to clerical rule reverberated across the nation. And the prospect of a nuclear deal with the United States appeared ever more dim. Although joining BRICS is not expected to help solve Iran’s formidable economic problems, the primary benefit of joining the group, experts say, would be to prove that Tehran has powerful friends. That could give it leverage in any further negotiations with the United States.

Organizations: United States, BRICS, Analysts Locations: Iran, United, Islamic Republic, Tehran, United States

Pop, like all genres of creative expression, is more commercialized than ever. Rihanna, who hasn’t released an album since 2016, has her multibillion-dollar Fenty Beauty line; Ariana Grande will soon star as Glinda in Universal’s “Wicked” juggernaut. Service95 represents who Lipa is “behind closed doors,” she says, a space where discussions around trans liberation are as common as those about jewelry and yoga. “My intention is never to be political … but there’s a political bent to my existence,” Lipa says. “I’ve found being in the media this way very encouraging.”

Persons: Britney Spears, Whitney Houston, Amy Winehouse, —, Lipa, don’t, Rihanna, hasn’t, Ariana Grande, ”, ’, Sinéad Burke —, she’s, ” Lipa, Tavi Gevinson, “, Drew Barrymore, Kelly Clarkson, Gwyneth Paltrow, Lipa won’t, Oprah, Reese Witherspoon, Tracy Flick, “ I’ve Organizations: “, ” Locations: Lipa, London, ” Lipa, Tokyo, Lipa’s, “

☆ Stock Market Shrugs Off Recession Signals as Rally Builds
▼ + stars: | 2023-07-25 | by ( Karen Langley | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Brian Harman powers to 2023 Open Championship victory, clinching first career major
▼ + stars: | 2023-07-23 | by ( Jack Bantock | ) edition.cnn.com time to read: +19 min

CNN —Brian Harman won the 151st Open Championship on Sunday, sealing the first major of his career in dominant fashion. When Faldo birdied at the subsequent hole, Hoch's hopes of a first major win similarly went up in the air. David Cannon/Getty Images Europe/Getty Images Lorena Ochoa, US Women's Open (2005) Ochoa secured a top-four finish at the 2005 US Women's Open. Not when you led at the final hole. A par at the final hole would have been enough to put the American into the playoff, but an agonizing missed putt [pictured] epitomized her painful afternoon in San Francisco.

Persons: Brian Harman, Australia’s Jason Day, Austria’s Sepp Straka, Tom Kim, Jon Rahm, Harman, “ I’m, ” Harman, Osullivan, Brooks Koepka, Wyndham Clark, Rahm, Kim, Rory’s, Argentina’s Emiliano Grillo, ” McIlroy, “, ”, Luke Walker, Greg Norman, France’s Jean van de Velde, –, McIlroy, Andrew Redington, Sam Snead, Snead, Lew Worsham, Louis, Arnold Palmer, Palmer, Billy Casper, Casper, Ed Sneed, Sneed, Fuzzy Zoeller, Tom Watson, Watson, Scott Hoch, Hoch, Nick Faldo, skyward, Faldo birdied, Hoch's, Mark Calcavecchia, Calcavecchia, Colin Montgomerie, Germany's Bernhard Langer, Norman, Faldo, David Cannon, Jean Van De Velde, Van De, Van De Velde, Frenchman, Barry Burn, Paul Lawrie, Lorena Ochoa, Ochoa, Birdie Kim, Harry, Phil Mickelson, Mickelson, Lefty, Geoff Ogilvy, Ezra Shaw, Stewart Cink, Warren Little, Dustin Johnson, Johnson, Graeme McDowell, Donald Miralle, Jason Dufner, Dufner, Keegan Bradley, Bradley, Adam Scott, Ernie Els, Scott, Jordan, Buddy, Jordan Spieth, Danny Willett, Spieth, Jim Watson, Lexi Thompson, Yuka Saso, Thompson, Sean M, Mito Pereira, Pereira, Justin Thomas, Will Zalatoris, Christian Petersen, Van de Velde, Stuart Franklin, Ghostbuster Harman, Tommy Fleetwood, Read, Brian Harman shrugs, unflappable Organizations: CNN, 151st, PGA, Reuters, Northern, Royal Liverpool, PGA Championship, North, Louis Post, Bettmann, Augusta, Augusta National, Getty, Ryder, American, Scottish, Team Europe, . Augusta National, Barry Burn . Pictures, South Korean, Chevron, Royal Lytham, Nasa, Mito, Southern Hills Country Club, eventual Locations: Royal Liverpool, South, Georgia, Carnoustie, Augusta, North America, San Francisco, Kiawah, Europe, Jean Van De Velde , British, Scotland, Mexican, British, Turnberry, Atlanta, American, New York, St, Annes, squander, Tulsa, Liverpool, Harman’s

☆ The Open: Brian Harman shrugs off ‘unrepeatable’ heckles and a grisly start to take commanding lead into final round
▼ + stars: | 2023-07-22 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

“You’d be foolish not to envision [winning], I’ve thought about winning majors for my whole entire life,” Harman told reporters. Merseyside-born and similarly chasing a long-awaited first major, Fleetwood has received vociferous crowd support all week – but home backing occasionally spilled over into rival attacking, according to his playing partner. He will pair with Harman when they tee off in as the final group Sunday at 2:15 p.m. BST (9:15 a.m. His eight-under 63 was the lowest round of the tournament so far and marked his career-low score at a major. Rory McIlroy will need a miraculous final day turnaround if he is to end his nine-year wait for a fifth major.

Persons: Brian Harman, Harman –, Harman, Greg Norman, Jean Van de Velde, “ You’d, ” Harman, “, England’s Tommy Fleetwood, Fleetwood, “ I’d, Gregory Shamus, Cameron Young –, Jon Rahm, Young, Brooks Koepka, Rahm, David Davies, Norway’s Viktor Hovland, France’s Antoine Rozner, Australia’s Jason Day, Austria’s Sepp Straka, Alex Fitzpatrick, Matt Fitzpatrick, India’s Shubhankar Sharma, Rory McIlroy Organizations: CNN, Royal Liverpool, PGA, Merseyside, Fleetwood, Getty Locations: American, Georgia, Royal

☆ America's inflation headache is gone, top economist Steve Hanke says. Paul Krugman and Mohamed El-Erian aren't so sure.
▼ + stars: | 2023-07-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

US inflation fell to a two-year low of 3% in June, dividing experts on whether the threat is over. Top economist Steve Hanke said the headache is gone and the Fed has things under control. Paul Krugman was less convinced, while Mohamed El-Erian noted a recession could still hit. Even if inflation is on the retreat, interest rates may need to remain high to prevent a resurgence, Krugman continued. El-Erian's comment raises the prospect that inflation could rear its head again, forcing the Fed to keep hiking rates and trigger a recession.

Persons: Steve Hanke, Paul Krugman, Mohamed El, Erian, stoked, aren't, Johns Hopkins, Ronald Reagan, Hanke, Krugman Organizations: Service, Reserve, CNBC, Princeton, MIT, Phillips, Fed Locations: Wall, Silicon

☆ Wimbledon day seven
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +4 min

1925 SWIATEK SURVIVES AGAINST BENCICPoland's top seed Iga Swiatek rallied from a set down and saved two match points to beat Swiss 14th seed Belinda Bencic 6-7(4) 7-6(2) 6-3 and reach her first Wimbledon quarter-finals. 1245 TEENAGER ANDREEVA BEATS POTAPOVARussian qualifier Mirra Andreeva beat 22nd-seeded compatriot Anastasia Potapova 6-2 7-5 to enter the fourth round, where she will face American Madison Keys. The 16-year-old Andreeva is making her first-ever appearance in the Wimbledon main draw. 1225 VONDROUSOVA MOVES INTO QUARTER-FINALSVondrousova moved into the quarter-finals after beating fellow Czech and 32nd seed Marie Bouzkova 2-6 6-4 6-3. Ukrainian wildcard Elina Svitolina will face Belarusian two-time major winner Victoria Azarenka in the fourth round.

Persons: Elina Svitolina, Victoria, SWIATEK, BENCIC, Iga Swiatek, Belinda Bencic, Bencic, Andreeva, Nadal, Shapovalov, Dimitrov, Tsitsipas, Ukraine's, Boulter, Andreescu Alcaraz, Jarry, Fokina, Rune, Jannik Sinner, Colombia's Daniel Elahi Galan, Andrey Rublev, Alexander Bublik, Rublev, SAFIULLIN, Safiullin, Denis Shapovalov, Jessica Pegula, Marketa Vondrousova, DIMITROV, Frances Tiafoe, Grigor Dimitrov, ANDREEVA, Mirra Andreeva, Anastasia Potapova, Vondrousova, Marie Bouzkova, Novak Djokovic, Iga, Pearl Josephine Nazare, Aadi Nair, Rohith Nair, Janina Nuno Rios, Clare Fallon Organizations: Wimbledon, AZARENKA Ukrainian, Victoria Azarenka of, Swiss, Wimbledon Vondrousova, Bouzkova, Belarusian Azarenka, Medvedev, Kazakh, Court, Madison Keys, Czech, Victoria Azarenka, Christian, Thomson Locations: Victoria Azarenka of Belarus, Russian, Bulgarian, Belarusian

☆ Sinner shrugs off slow start to reach last 16
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

"For sure I didn't start in the best possible way," said Sinner, who has lost only one set in his three matches. "It's never easy playing against a player who you've never played against so it was something new for me." The duo traded breaks early in the fourth set before Sinner regained focus to seal victory and he will next play Colombian Daniel Elahi Galan or Swede Mikael Ymer. "The best thing when you lose early at Roland Garros is you have a lot of time to prepare on grass," said Sinner, who fell in the second round of the French Open last month. "This was the case of my journey until here this year but for sure every match has its story.

Persons: France’s Quentin Halys, Toby Melville LONDON, Jannik Sinner, Frenchman Quentin Halys, Sinner, Nicola Pietrangeli, Matteo Berrettini, Halys, you've, Daniel Elahi Galan, Swede Mikael Ymer, Roland Garros, Shrivathsa Sridhar, Ed Osmond Organizations: Lawn Tennis, Croquet Club, Wimbledon, Thomson Locations: London, Britain, Bengaluru

☆ There is a lot of ambiguity in the macroeconomic picture: OPEC secretary general
▼ + stars: | 2023-07-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is a lot of ambiguity in the macroeconomic picture: OPEC secretary general“There is a lot of ambiguity” in the macroeconomic picture, OPEC Secretary General Haitham Al Ghais tells CNBC’s Dan Murphy as oil shrugs off recent production cuts.

Persons: Haitham Al Ghais, CNBC’s Dan Murphy

☆ ‘We Didn’t Start the Fire’ Is Updated for a New Generation
▼ + stars: | 2023-06-30 | by ( Frank Rojas | ) www.nytimes.com time to read: +1 min

He continued, “This song was omnipresent in that era, but in a way where it crept through the cracks of pop culture. “It’s interesting to see what he referenced from the ’50s and ’60s and what he didn’t. “I think every generation gets their own ‘We Didn’t Start the Fire,’” Mr. Gerber said. I think a lot of people actually hated the song at the time. So it’s funny, because I’m also seeing a lot of people criticizing the song thinking it’s ridiculous, but it’s also just a ridiculous song to begin with.”

Persons: Wentz, Billy Joel’s, ”, ” Brady Gerber, ’, Mr, Gerber, “, I’m, it’s Organizations: Pitchfork Locations: New York

☆ ‘And Just Like That …’ Season 2, Episodes 1 and 2 Recap: Relationship Place
▼ + stars: | 2023-06-22 | by ( Ali Trachta | ) www.nytimes.com time to read: +2 min

Meanwhile, Seema actually gives up her Met Ball ticket in order to meet the son of her beau, Zed (William Abadie). This isn’t the only love interest we come to find still has a problematic tie to a former spouse. Over on the West Coast, Miranda finds herself stranded in Malibu without a phone to call an Uber. Which brings me to an argument I made throughout Season 1, which most people disagreed with me on. And it’s not the only swift pack-up we see within these episodes.

Persons: Seema, Zed, William Abadie, Victoire, Rachel Kylian, Miranda, Uber, Che, Lyle, Oliver Hudson, shrugs, biggie, Steve Brady, David Eigenberg, —, Nya, Andre Rashad, LeRoy McClain, hasn’t Organizations: Met Ball Locations: West Coast, Malibu

☆ 'Shark Tank' star Barbara Corcoran praises Donald Trump's selling skills, shrugs off recession fears, and warns of AI fallout in a new interview. Here are the 12 best quotes.
▼ + stars: | 2023-06-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Barbara Corcoran praised Donald Trump's selling skills and championed real-estate investing. The "Shark Tank" star advised young people to try employment before starting a company. (Corcoran said that besides her Shark Tank investments, she puts all of her money into real estate, and that's why she's become rich.) "Investing in real estate is a wonderful magic trick. "On 'Shark Tank,' I never invest in kids that have money.

Persons: Barbara Corcoran, Donald Trump's, —, Corcoran, Kevin, he's, Donald Trump, she's, It's, I've, They've Organizations: Service, The Corcoran, YouTube

☆ 5 things men can do to help women be more successful at work, from a Yale lecturer
▼ + stars: | 2023-06-13 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

When women are able to thrive in the workplace, it benefits men, too: Men who work well with women and use the talents of a diverse team outperform their peers, LeanIn reports. Here are five things men can do right now to support their female colleagues, per Lipman:'Interrupt the interrupter'Several studies have found that men talk and interrupt more often than women. Give women credit for their ideasResearch has shown that women get less credit while working in groups than men do. Take paternity leaveIf the benefit is available to them, another move men can make to help level the playing field for women in the workplace is to take paternity leave. Paternity leave is good for dads, too: Men who take paternity leave report stronger bonds with their children than those who don't, according to the ACLU.

Persons: Joanne Lipman, Lipman, That's, It's Organizations: LeanIn.org, McKinsey & Company, Yale University, ACLU

☆ Worldwide, Trump’s Latest Legal Woes Draw Outrage, and Shrugs
▼ + stars: | 2023-06-10 | by ( Damien Cave | ) www.nytimes.com time to read: +1 min

As details emerged from the indictment charging former President Donald J. Trump with mishandling classified documents, global reaction ranged from strategic silence to unbridled outrage, with room in between for world-weary shrugs, wild conspiracy theories and ominous predictions of American decline. China’s propaganda machine, which would normally leap on a U.S. scandal, stayed quiet. Russian commentators called the charges a fake production of the “deep state.” And among American allies in Asia and Europe, there were concerns that the episode hurt not just the former president, but also the United States by highlighting that security secrets were not safe in America’s hands, and that the country’s disorienting, partisan fever has yet to break. “The case shows once again that Donald Trump belongs behind bars, not in the White House,” Ralf Stegner, a German Social Democrat who sits on the German intelligence oversight committee, said in a text message, adding: “This man is a threat to security and democracy in the U.S. and around the world.”The world, it seems, is once again gawking at the messiness of the United States and calculating the costs and opportunities of the latest Trump revelations transfixing and dividing the country. It is a moment that feels familiar yet not quite the same.

Persons: Donald J, Trump, Donald Trump, ” Ralf Stegner, gawking Organizations: German Social Democrat Locations: U.S, Asia, Europe, United States, German

During the first year of Russia’s war in Ukraine, the Biden administration fretted constantly that if Kyiv hit back inside Russian borders, President Vladimir V. Putin would retaliate against not only Ukraine, but also possibly NATO and the West. As Ukraine’s counteroffensive edges closer, a series of bold attacks in Russia, from a swarm of drone attacks in Moscow to the shelling of towns in the Belgorod region bordering Ukraine and an incursion into the country using American-made armored vehicles, have been greeted by the Biden administration with the diplomatic equivalent of a shrug. On Monday, fighters attacked at least 10 villages in the Belgorod region with heavy shelling, its governor said. Behind closed doors, senior administration officials have seemed even less fazed. “Look, it’s a war,” one senior Pentagon official said last Thursday.

Persons: Biden, Vladimir V, Putin, “ It’s, John F, Kirby, ” Organizations: Kyiv, NATO, National Security Council, Pentagon Locations: Ukraine, Russia, Moscow, Belgorod, Ukrainian

☆ China's Lenovo shrugs off concerns that global PC market is shrinking
▼ + stars: | 2023-05-25 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Revenues for the world's largest PC-maker Lenovo fell for a third consecutive quarter as global demand for personal computers continue to slump, but the company is not worried, says CFO Wong Wai-Ming. Clearly, when the market actually returns back to more normal, we will definitely be growing," Wong Wai-Ming, CFO of Lenovo, told CNBC. He added that the company is actually seeing higher growth in other businesses such as infrastructure solutions and services. In its latest earnings report on Wednesday, Lenovo said it expects "the PC market will return to growth" in the second half 2023. "Fiscal year Q4 was the most challenging quarter of the year given pressures from both the PC market and the global economy," said Lenovo in the earnings report.

Persons: Wong Wai Organizations: Lenovo, CNBC, Revenue

☆ A Lego Crime, a YouTube Rivalry, and the End of a Star Wars Friendship
▼ + stars: | 2023-05-21 | by ( David Kushner | ) www.businessinsider.com time to read: +30 min

Those who are into Lego Star Wars are among the most popular. It was at an informal contest where Louis met Victor, a fellow Lego Star Wars fanatic. Soon they ranked among the most popular Lego Star Wars YouTubers in France, known for the size and scope of their MOCs. The two friends no longer fit with that satisfying click that comes from snapping together two Lego bricks. Though it must have taken a truck to haul away all of Louis' Lego, no neighbor reported seeing anything suspicious.

☆ UBS shares its 5 top takeaways for investors from Berkshire Hathaway's 'best annual meeting in years' — including how Warren Buffett's successor will take over
▼ + stars: | 2023-05-09 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Berkshire Hathaway had a successful annual meeting following its Q1 earnings report. Warren Buffett's Berkshire Hathaway had its "best annual meeting in years" over the weekend, according to UBS analyst Brian Meredith — and it wasn't just because of its strong earnings report. 5 top takeaways from Berkshire Hathaway's annual meetingStrong earnings results were just one impressive component from Berkshire Hathaway's annual meeting. "We viewed Berkshire's 2023 annual meeting as the best in several years with quality questions and insightful answers," Meredith wrote. After BNSF undershot on volumes and suffered from higher compensation costs, Berkshire investors may start to wonder if the company would reconsider its stance against PSR.

☆ Scotland’s Coronation Day: Charles Souvenirs, Anti-Monarchy Rallies and Shrugs
▼ + stars: | 2023-05-01 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

As co-leader of the Scottish Green Party, Lorna Slater attended three official ceremonies honoring the death of Queen Elizabeth II, including her state funeral. But she won’t be going to the coronation of King Charles III. Pro-independence sentiment has long simmered there alongside ambivalence about the royal family: affection in some quarters, frustration in others and, maybe most troubling for the monarchy, a growing indifference. In one poll, almost three-quarters of people questioned in Scotland said they did not care about the coronation, and less than half thought Britain should continue with a monarchy. In interviews, some Scots echoed Ms. Slater’s worries about the cost-of-living crisis rippling through British homes but while some lamented the inequality symbolized by the crown, others said the royals were part of national heritage and helped drive business.

☆ BOJ’s new governor has relaxed debut
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

What once looked solely like temporary “cost-push” hikes engendered by volatile energy and food prices are starting to look more entrenched. Instead Ueda kept YCC in place and tweaked the forward guidance to remove reference to pandemic-related risks. The BOJ predicts inflation will fall back below 2% soon and plans a policy review over the next year or so. That suggests the BOJ is more worried about weak growth – it expects 1.4% this fiscal year - than inflation. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ European drug discounts will ruffle U.S. funder
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

LODNON, April 28 (Reuters Breakingviews) - Europe’s plan to slash prices on pharmaceutical drugs could set off tensions with the U.S. The European Union proposed on Wednesday a legislative overhaul of the sector across the 27-nation bloc. This would incentivise drug makers like AstraZeneca (AZN.L) and GSK (GSK.L) to sell to all European countries at once. And although the U.S. is trying to tackle soaring prices with the Inflation Reduction Act, Europe’s falling drug costs will widen the gap once again. This creates a problem for the U.S. government, which funds more drug development than any other country.

☆ Cellnex may flip from buyer to seller with new CEO
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 28 (Reuters Breakingviews) - Cellnex's (CLNX.MC) decision to pick former Telecom Italia (TLIT.MI) CEO Marco Patuano as its new boss increases the odds of seeing the 27 billion euro mobile phone tower operator returning to the M&A negotiating table – as a seller. The appointment ends months of boardroom infighting that culminated with the departure of former Chairman Bertrand Kan on April 4. He is a former CEO of the Benettons' holding company Edizione and previously led Telecom Italia between 2013 and 2016. His track record of carving out the former monopoly's mobile tower business INWIT may be significant. But while tackling the company's turnaround, Patuano may also be lured into takeover negotiations with heavyweight investors as industry consolidation is underway.

☆ Stubborn Germans leave EU budget reform in a fix
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, April 27 (Reuters Breakingviews) - The European Commission’s efforts to appease fiscal hardliners have not yet opened doors for a badly needed reform of the bloc’s fiscal rules. Specifically, Germany does not like a proposal to allow the Commission new flexibility to negotiate budget targets with European Union countries. Although current debt rules have never been enforced – because required cuts would be too punitive to work – Berlin likes their semblance of objectivity. But in the absence of a new system, it will have to go through the motions for 2024, and possibly beyond. Even though that’s less stringent than the current system, France already says it’s too rigid, and Italy wants more exceptions for green investment.

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