Global News Journal

from MacroScope:

You say ’30s, we say ’20s

April 7, 2009

Neil Dwane, fund firm RCM's chief investment officer in Europe, has an interesting take on the current spat between Germany and the United States over printing money to get out of trouble. You can see Juergen Stark for the latest volley.

from MacroScope:

Stealing Steinbrueck’s show?

March 13, 2009

Peer Steinbrueck, the front man in Germany's fight against the financial crisis, has a new challenge on his hands: Karl-Theodor zu Guttenberg. The young economy minister, in the job for only a month, is already proving to be a thorn in Finance Minister Steinbrueck's side. The telegenic 37-year-old is coming up with policy initiatives that challenge Steinbrueck's plans, and draw media attention away from him.

from FaithWorld:

Germans fall out of love with their pope

February 3, 2009

When Cardinal Joseph Ratzinger was elected the head of the Roman Catholicism in 2005, the best-selling daily Bild caught the national mood with a frontpage headline crowing Wir sind Papst! (We're Pope!). Now, Germans are falling out of love with their pope for readmitting to the Church an excommunicated bishop who denies the Holocaust. For the vast majority of Germans, denying the Holocaust is beyond the pale. Shunning anyone who does deny the Holocaust is considered a civic virtue. So seeing the world's most prominent German rehabilitate a Holocaust denier is quite distressing for a upstanding, post-war German democrat. How could he do it?

German rivals trade smiles, not barbs

January 13, 2009

 

German Chancellor Chancellor Angela Merkel and Vice  Chancellor Frank-Walter Steinmeier will battle each other in September’s federal election. But on Tuesday, it was hard to imagine the German odd couple campaigning against each other just a few months from now. The leaders of the two rival parties, locked in their loveless grand coalition since 2005, sat next to each other for 90 minutes, smiling politely as they jointly defended a new economic stimulus package their two ruling parties welded together.

Neo-Nazi stabbing shows western German ills

December 15, 2008

It is not just eastern Germany that has a problem fighting far-right militants.

The stabbing of a German police chief on his doorstep in southern Germany, which prosecutors suspect is a revenge attack by neo-Nazis angry about a crackdown on their activities, has exposed the uncomfortable reality that western Germany has troubles of its own.

“Frauenpower” at Siemens: another crack in the glass ceiling?

November 13, 2008

Siemens’ announcement this week that it has appointed a woman to its management board has generated a loud hullabaloo in the media, with newspapers trumpeting “the womanless age at Siemens is over” and “Barbara Kux, the strong woman at Siemens.”

from Pakistan: Now or Never?:

Al Qaeda – From bin Laden’s cave command to regionalised “franchise company”?

October 23, 2008

Osama bin Laden is no longer involved in the day-to-day planning of attacks, Germany's spy chief says, arguing that al Qaeda has turned from a centralised force into a regionalised "franchise company" with power centres in Pakistan, North Africa and the Arab peninsula. Does this weaken or strengthen the Islamist militant group? And how does it influence its operations, planning of attacks and its efforts to recruit new followers?

Steinmeier sheds dull image with rousing speech

October 19, 2008

Steinmeier address SPD conventionAs Germany’s foreign minister, Frank-Walter Steinmeier has delivered many speeches,  but none that anyone can particularly remember. Germany’s top diplomat has impeccable credentials yet has rarely come close to stirring anyone with his balanced, cautious, usually dry and sometimes rather dull addresses. No one would ever think of ticking the box “rousing speaker” next to his name.

Where would we be without Europe?

October 7, 2008

ECB headquarters in Frankfurt/Alex GrimmIf the financial crisis looks bad, I for one am thinking it might have been even worse — in the euro zone at least — had European countries not decided to pool their economies together by launching the single European currency.

The Party’s Over For Merkel

September 29, 2008

Suddenly, the outlook has darkened for Chancellor Angela Merkel, thanks to Bavaria’s conservatives who suffered their worst result in half a century in a state vote on Sunday.