Economics @ ITT

Youth Unemployment Still Unrelenting in Europe

Posted in economics by ittecon on July 16, 2015

According to Eurostat, youth unemployment is still unrelenting across Europe. In March 2015, the most recent month where data is available for all 28 EU nations, Spain had the worst unemployment rate for people under 25 years of age, 49.9 percent. Greece was only marginally better off with 49.7 percent.

via • Chart: Youth Unemployment Still Unrelenting in Europe | Statista.

Advertisements
Tagged with: ,

This Light Bulb Has Been Burning for 114 Years; Will It Ever Stop? | Mental Floss

Posted in economics by ittecon on July 12, 2015

They don’t manufacture lamps like this anymore.

via This Light Bulb Has Been Burning for 114 Years; Will It Ever Stop? | Mental Floss.

Berlin’s New Rent Control Laws Are Already Working

Posted in economics by ittecon on July 11, 2015

The new law introduced on June 1st—called the mietpreisbremse or “rental price brake” in German—works like this. An overseeing body fixes a standard median rent per square meter for each city district, using figures based a biennial state census of rents. No new rental contract within the district is then permitted to charge over 10 percent more than this amount. This still means that price increases for new rentals are possible, but if they come, they happen far more slowly.

via Berlin’s New Rent Control Laws Are Already Working – CityLab.

Tagged with: ,