Daily archives: 10. November 2020

2 posts

Open letter to the government factions

No dilution of the legislative initiative on the meat industry! On October 29th, the German Bundestag was to pass the Federal Government’s draft for the Occupational Safety and Health Control Act in the meat industry in its last reading. Under pressure from parts of the CDU/CSU, the vote has now been postponed. The opponents of the draft law want to prevent, among other things, the planned ban on temporary work.

Effects on payment

Loretta J. Mester: Payments and the Pandemic. Keynote Speech: 20th Anniversary Chicago Payments Symposium – Federal Reserve Bank of Chicago,  September 23, 2020. In her keynote speech, Loretta J. Mester, President and CEO of the Federal Reserve Bank of Cleveland, discussed the impact of the Covid 19 pandemic on the US payments industry. In order to address the payment traffic problems associated with the pandemic, the FedNow real-time payment system should be developed, to which every US citizen and company should be connected. Mester also advocates the introduction of a digital currency by the central banks.