Morning Briefing Global Edition

The Burglary Boom

As expected, Hillary Clinton claimed the Democratic nomination late yesterday after voting in two of six states showed her winning handily. It is the first time a woman has been nominated for president by a major U.S. political party. But her Democratic rival, 74-year-old Bernie Sanders, deserves respect too. He showed that social inequality is a legitimate theme that can rally the youth vote, and lent a courageous voice to the fight against cynicism and the money men. Now, Sanders must also show that he has mastered the art of a graceful retreat.

 

Without an opponent, likely Republican nominee Donald Trump is battling himself. His new attacks against Latinos are only pushing him further from victory. George W. Bush took over 40 percent of the Latino vote – and won. John McCain and Mitt Romney only got 31 and 27 percent respectively. Both lost. Trump is polling nationally among Hispanics at 20 percent. In the U.S. melting pot, xenophobia gets you on television, but not into the White House.

 

The scenes in France are like snapshots from a civil war: For weeks, French workers have been battling the government, which wants labor reforms to kick start its stagnant economy. In the past, President Hollande has bowed to the merchants of chaos and changed his plans. But not this time. At least this is what his labor minister, Myriam El Khomri, is promising in an exclusive interview in Handelsblatt. We are all curious to see whether the facts follow the words.

 

German business leaders need to add more courage and risk to their portfolios, according to Klaus Hommels, a leading European venture capitalist and founder of Lakestar, an investment fund. We stole a moment of his time ahead of the NOAH startup conference in Berlin to ask the hundred-thousand-dollar question: After Skype, Xing and Spotify, what’s the next big thing?

 

In this country, no sector is growing as fast as the business of burglaries. An increase since 2007 of 50 percent in residential break-ins and attempted break-ins means business is booming for thieves. The chances of getting caught are as low as 15 percent; and of being convicted, just 3 percent. For a country whose economy is based on ownership and the rule of law, these numbers are unacceptable. A scandal remains a scandal, even if politicians can’t be bothered with it.

 

But today it looks like they won’t have a choice. Dual reports on the impact of the refugee influx in Germany were released this morning. The federal crime office report seen by Reuters alleges nearly 70,000 criminal acts in the first three months of the year were committed by asylum-seekers. The migration office also is reportedly expecting up to half a million family members of Syrian refugees to be legally brought into the country in coming months, according to the Süddeutsche Zeitung. The numbers suggest migrants are three times more likely than Germans to commit crimes, but experts say that’s way overblown. Truth or fiction, the statistics are likely to feed Germany’s growing far right.

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