Financial news on October 07, 2017

Business and Financial news
Germany’s Shift to Green Power Stalls, Despite Huge Investments

The country has spent about $222 billion on renewable energy subsidies, often from higher electricity bills. But emissions are stuck at roughly 2009 levels. Read more..

By STANLEY REED - The New York Times

Harvey Weinstein’s Media Enablers

The making of an open secret. Read more..

By JIM RUTENBERG - The New York Times

Hosting Proms and Selling Cows: North Korean Embassies Scrounge for Cash

Desperate for hard currency to keep their operations afloat, diplomats from the so-called hermit kingdom smuggle liquor, drugs, cars and guns — and engage in more mundane activities. Read more..

By DAVID SEGAL - The New York Times

Lisa Bloom, Lawyer Advising Harvey Weinstein, Resigns Amid Criticism From Board Members

Ms. Bloom had been counseling the Hollywood mogul, who faces sexual harassment allegations, but was rebuked by at least two board members, including his brother, Bob Weinstein. Read more..

By MEGAN TWOHEY and JOHANNA BARR - The New York Times

Why Aren’t Wages Rising Faster Now That Unemployment Is Lower?

When labor markets tighten, wages are expected to rise. But in recent years, as unemployment has fallen below 5 percent in the United States, wages have not been increasing as fast as in the past. Economists debate the reasons; workers grapple wit... Read more..

By KARL RUSSELL and PETER S. GOODMAN - The New York Times

Without Harvey Weinstein, Is There a Weinstein Company?

The company was struggling before a New York Times investigation found the entertainment mogul had paid off multiple harassment accusers. Now it’s in serious trouble. Read more..

By BROOKS BARNES - The New York Times

See what else happened on October 07, 2017