Home office rules: answers to the most important questions – economy

Where possible, bosses must now offer employees the option of working from home – and new rules also apply in the workplace. Answers to the most important questions.


Henrike Roßbach, Berlin

Hubertus Heil has lost no time: When the Federal Minister of Labor appeared in front of the cameras on January 20th with his latest ordinance, it was just over twelve hours ago that the federal and state governments had given him the order: A more binding regulation for home Office, that was what Heil had fed into the Prime Minister’s Conference – and for which he got the green light after some discussions. The new regulation will come into force on Wednesday. What’s in it The most important answers.


Flight students sue against Lufthansa – Wirtschaft

air traffic:Flight students sue Lufthansa

So far, pilot students have been able to be sure of being taken on by Lufthansa after successfully completing the commercial pilot school in Bremen. Now the airline no longer wants to offer this training.

(Photo: Daniel Hager / Lufthansa / oh)

The airline plans to break off the training of the pilots in Bremen and to outsource.

By Jens Flottau, Frankfurt


Against any warning – economy



Against any warning

Illustration: Stefan Dimitrov

The bank subsidiary of Wirecard got involved in business with a dubious oligarch from Ukraine. At least one employee warned against this – but the manager Jan Marsalek, who has now gone into hiding, apparently ignored him.

From Lena Kampf,

Frederik Obermaier, Jörg Schmitt and Jan Willmroth

A dirty divorce, billions, allegedly moved to offshore companies, investigations by the Vienna Corruption Prosecutor: When he read these newspaper headlines about the possible new customer in the spring of 2019, Markus K., at that time the money laundering officer of the Aschheim-based financial services provider Wirecard, evidently had a queasy feeling. “After all these reports,” he wrote to his superior on March 4th, “I can really only advise against opening an account for the gentleman.”

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the controversial proposal of LR deputies

Their bill would allow the Public Treasury to seize part of the RSA or family benefits that these households receive.

Almost two years after the release of an explosive report from the Senate finance committee, MPs Republicans want to move forward on the issue of unpaid fines. In a bill tabled a few days ago in the National Assembly and carried by the Moselle elected Fabien Di Filippo, twenty-two members of the right-wing group propose to allow the public treasury to seize the amount of unpaid fines by the beneficiaries of minimum social benefits directly from their family allowances, their RSA or their specific solidarity allowance.

In February 2019, a Senate report, drawn up by Republican Antoine Lefèvre, underlined that criminal fines – which therefore do not include fixed fines – represented, in 2017, “385 million eurosFor the state. However, a large part of these fines are, in fine, not paid by the taxpayers involved: “the recovery rate for criminal fines and fixed procedural fees is estimated

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Investment: Earning money with the soli savings – economy



Earn money with the solos savings

Originally, the Soli was only introduced for one year in 1991 to financially support areas like Hoyerswerda. For most, however, it was not abolished until the turn of the year.

(Foto: Sean Gallup/Getty Images)

The solidarity surcharge is almost eliminated, so most employees get more net at the end of the month. A good opportunity to invest money over the long term. How to do it best.


Andreas Jalsovec

When it comes to banks, savings banks and insurance companies, it is clear what employees should do with the money they save this year by abolishing the solidarity surcharge: the best thing to do is to put it in a financial product from the respective provider. The savings banks make the greatest linguistic efforts to convince customers of this. “More future from gross” promises the Mainzer Sparkasse flowery with a view to the solidarity savings. “Yeah – the solos are no longer necessary!”, Cheers the Sparkasse Magdeburg on its website. Both institutes then advise their customers to take out a savings plan from their own fund company, among other things. On their homepage you can have a direct calculation of what makes the elimination of the solos – and what the investment of the money could bring with different returns.

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The plan for Germany after the corona pandemic

The author

Helge Braun has been Head of the Federal Chancellery since March 2018. The 48-year-old doctor is also a CDU member of the Bundestag in Giessen.

(Photo: dpa [M])

With the start of vaccinations, there is light at the end of the corona pandemic tunnel. Delays in delivery of vaccines and new virus mutants are creating new uncertainties. But we can still be optimistic that the pandemic will gradually lose its horror as the vaccination progresses this year. And that it is possible to normalize our everyday life and return to a life without pandemic-related restrictions.

Therefore, now is the right time for politics and the collective bargaining partners to develop a joint strategy for how Germany can recover from this crisis quickly and sustainably.
Because this crisis will also produce winners and losers among the national economies. Ironically, China, the country of origin of the pandemic, was the only major economic nation worldwide to achieve growth in its gross domestic product in 2020 – by at least 2.3 percent.

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Charles Goodhart and Manoj Pradhan: is inflation coming back?

Dollar bills

In their book “The Great Demographic Reversal”, the economists Goodhart and Pradhan propose that inflation will soon rise significantly.

(Photo: AP)

Frankfurt Since the financial crisis, various experts have repeatedly warned of high inflation. “Axel Weber is leaving, inflation is coming,” was the motto when the former Bundesbank president announced his resignation in 2011. The prophecies did not come true.

On the contrary: in recent years inflation has generally been significantly lower than central banks and economists had expected. In the much discussed book “The Great Demographic Reversal”, the British economist Charles Goodhart and his colleague Manoj Pradhan propose that this will soon change and that inflation will rise significantly. On Monday they discussed this on a virtual panel at the University of Frankfurt with the former chief economist of the European Central Bank (ECB), Peter Praet.

Goodhart and Pradhan base their arguments primarily on the aging population in Western countries and China. From their point of view, this means that the proportion of employed people continues to decline. In contrast, there is an increasing proportion of the elderly who consume. The supply of labor is therefore falling and demand is rising – which leads to higher wages and prices.

In addition, in the short term, savings have risen sharply due to the corona crisis. While companies and the state have borrowed more, private households consumed significantly less in the pandemic and put money on the high edge. If that liquidity now encounters a reduced supply of goods, it could quickly fuel inflation.

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The question then would be how the central banks react to this. Goodhart recalled the experience in the early 1980s. At that time, the former US Federal Reserve Chairman Paul Volcker had brought inflation, which had been up to 15 percent in the US in the early 1980s, under control with draconian measures. “It was extremely difficult back then,” said Goodhart. “It would be much harder today.”

Praet: Demand after a pandemic is increasing faster than supply for some products

Pradhan pointed out that, in his opinion, growth in western countries and China will be significantly lower due to the falling proportion of the workforce. With low growth and high debt, however, it is politically even more difficult to raise interest rates in order to avoid higher inflation.

Peter Praet, who was the ECB’s chief economist from 2012 to 2019, also believes that higher inflation is possible. However, he estimates the probability to be lower than the two other economists. Nevertheless, it is important to prepare for such a scenario, he stressed. “I worry most when everyone thinks in the same direction and assumes that inflation and interest rates will remain low over the long term.”

Praet pointed out that sectors with low productivity such as gastronomy and tourism were hit by the corona pandemic. In his view, these can be restored relatively quickly after the crisis. In addition, countries can respond to an aging society with institutional reforms such as raising the retirement age.

Nonetheless, the former chief economist of the ECB believes it is possible that after the crisis demand will rise faster than supply and that for some products there will be sharp price increases. He also agreed with Goodhart and Pradhan that it would be very difficult for central banks to raise interest rates in an environment of high debt.

More: Interview with Peter Praet: “The exit will be extremely difficult”


The government mobilizes 618 million for small businesses and the self-employed

The Government announced one yesterday injection of 618 million euros to distribute direct aid to workers affected by ERTO, self-employed and small businesses (SMEs) especially affected by the closures. So said the Vice President of the Government, Pere Aragonès, in a press conference in which he reported on an “extraordinary” mobilization of resources that will materialize throughout the first quarter of this year. The amount advanced by the Catalan executive for the first three months of 2021 will be slightly less than the 867 million euros activated in direct aid throughout the past 2020.

The Catalan executive is stepping up the demands that have been coming to it from social agents for weeks to exhaust the deficit and put more resources on the table for the most affected groups. In the midst of controversy over the (currently failed) postponement of the Catalan elections, the incumbent government is taking out its wallet and mobilizing 618 million euros. An unprecedented disbursement so far, because the measures announced by the Catalan executive have been dripping and reacting to the new restrictions to which the epidemiological evolution has forced them to adapt. In fact, the Government has not yet started distributing all the latest transfers announced after the post-Christmas restrictions.

Workers affected by an ERTO and who receive low incomes, the self-employed with significant falls in turnover and SMEs severely affected by the closures and activity limitations are the groups benefiting from the new aid. Aragonés’s speech to explain the measures was full of reproaches to the central government, presenting the Generalitat as a guarantor of aid that should have come from the state accounts.

200 euros per month

Ten months after Pedro Sánchez declared the first state of alarm and Spanish companies went en masse to register ERTOs with the labor authority, the Government has decided to activate aid for the affected workers. Specifically for those who accumulate a more sustained period in suspension and receive low wages, which has or is leading to a continued loss of purchasing power.

The announced aid will be 200 euros per month for three months and the Government has not yet closed a forecast of how many workers it plans to end up providing coverage. And, to pay for it, of the 618 million announced, about 105 million will go for these subsidies. Which leaves room to cover 175,000 people, approximately all workers currently in ERTO in Catalonia. In addition, 25 million more are enabled for professional training and retraining of people in ERTO.

Less than 50 workers

The shock plan of the Catalan administration also provides aid for SMEs with less than 50 workers who have registered an ERTO. They will be able to receive a payment of 2,000 euros for each ERTO worker. As long as they do not invoice more than 10 million euros annually and each company will not be able to receive more than 30,000 euros in total for this aid.

Billing drops

The government will reactivate the census enabled for low-income self-employed workers that opened last December. The new aid will be channeled through this census, in other words, it will be received by those self-employed workers who have already registered or those new ones who register and meet the requirements.

The employer Foment called the measures announced by the Government “insufficient”. Foment says that 10 billion euros are needed that the Generalitat does not have. PIMEC praised the government’s “effort” with the new aid but believes it should have arrived sooner. For its part, CCOO positively assessed the new aid because “they are in line with the union’s proposals.


WHO warned of trillions of losses due to “vaccine nationalism” :: Society :: RBC

Uneven distribution of coronavirus vaccines could cost the global economy more than $ 9 trillion, with half of the losses going to developed countries, the head of WHO said

Фото: Danish Siddiqui / Reuters

Vaccine nationalism could cost the global economy up to $ 9.2 trillion, World Health Organization (WHO) head Tedros Geybreyesus said at a briefing.

In doing so, he referred to the results of the analysis of the Research Fund of the International Chamber of Commerce. It says that almost half of this amount – $ 4.5 trillion – will come from the wealthiest countries.

In particular, according to the study, for the United States it can cost from $ 45 billion to $ 1.3 trillion, for Britain – from $ 8.5 billion to $ 146 billion, for Germany – from $ 14 to $ 248 billion.

“Vaccine nationalism can serve short-term political goals. But it is in the medium and long-term economic interests of each country to maintain fairness in the distribution of vaccines, ”Gebreyesus emphasized.

UN Secretary General says worst economic crisis in 100 years due to COVID

Фото:Matthias Rietschel / Reuters


the low-risk investment that is gaining followers

What to do with money when inflation continues is a challenge for families, but there are very convenient options to take advantage of

One of the biggest challenges families face is trying to prevent inflation from “eating away” part of the income that is kept deposited in a savings account or simply in cash. Undoubtedly, buying dollars was one of the preferred options for a long time, but you cannot always succeed, especially when you need to have pesos in the short term, since the gap between buying and selling is not always covers favorably.

To respond to this concern there is an interesting option that gives a safe haven to those pesos that are not used immediately or that are destined to be spent in a matter of days or weeks.

They fall into that category, for example, credit card payments, services such as electricity, gas or taxes that have a certain expiration date.

An option that is increasingly used is that of the so-called “money market” or “t + 0” funds, which are gaining more and more followers among families and companies due largely to their very low volatility, the speed of its operation and an attractive performance.

The funds are attractive to those seeking efficient management of excess liquidity

Precisely this type of Funds are attractive for those who seek efficient management of excess liquidity or for those who need have the money in the short term.

To have a more complete idea of ​​its attributes, nothing better than to refer to what the Chamber of Common Investment Funds points out, which on its website explains that the “Liquidity Funds or Money Market” are a very conservative and appropriate investment for those who want to invest their money in the short term, with immediate liquidity and free of price fluctuations “.

And they add that “given the composition of their portfolio, they are considered as the products with the shortest horizon and the lowest volatility.”

One of its main advantages is that when there is no minimum term of placement They are presented as an option that is ahead of the classic fixed-term placements, which have a minimum of 30 days, since they allow immediate cash availability in a volatile and unpredictable context, to which it is added that they immediately capture the performance of the interest rates paid by banks for fixed terms.

This implies higher returns, to which it is added that it is a simple product to operate, since it is entered and exited through the homebanking of the entity in which it is a client and the speed with which funds are accessed, since these are credit within 24 business hours.

The so-called “money market” or “t + 0” funds are gaining more and more followers among families and companies

Recent evolution

Interest in this type of fund meant that last year the net worth of this line went from $ 357 million to $ 900 million, which implies an increase of 150%, compared to 120% for the rest. With this rise, its participation in total mutual funds increased by three percentage points to reach 46% of the total.

Currently, more than 110 funds operate under these characteristics, with yields that average around 28% / 30% for the last twelve months. Among them, two Superahorro Plus funds stand out, as Class B advances 32.9% while Class A rises 31 percent.

Megainver Liquidity Pesos, Fima Premium, FBA Renta Pesos and SBS Ahorro Pesos are positioned just below, all of them with yields close to 30 percent.

Regarding assets, the ranking is headed by Fima Premium of the Banco Galicia family of funds, followed by Superahorro Plus from Santander and FBA from BBVA.

The advantage of operating with an investment fund

Another point in its favor is that its portfolio, like the rest, is managed by a team of professionals who monitor and control the risks assumed, making investment decisions at all times.

Regarding the regulations governing the activity, these are issued by the National Value Comission, being the money markets on which more attention is paid, since they must respect both the maximum participation that each asset can have, its duration and the maximum participation limits of each shareholder within the fund.

All this in pursuit of the ultimate goal of always maintaining an adequate level of liquidity. In general terms, this segment of funds invests in fixed terms, guarantees and remunerated accounts of banks.

Those who invest in FCI

The FCI industry has just over 1.7 million clients or shareholders, of which 86% are individuals, but the amounts invested by these barely reach 7% of the total, with an average balance of $ 320,000.

As for legal persons, the average amount rises to $ 26 million.