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A German Robin Hood: Bank Worker Sentenced for Shifting Funds From Rich to PoorA German Robin Hood Bank Worker Sentenced for Shifting Funds From Rich to Poor A bank worker who shifted money from the accounts of well-off customers to help cover the overdrafts of poorer ones has been sentenced in Germany. The media are describing the woman, who took no money for herself ...
Giorgio Bertini
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2 weeks ago
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Buying Itself Out of a Recession: How Germany Avoided Mass UnemploymentBuying Itself Out of a Recession Countries Ask How Germany Avoided Mass Unemployment By SPIEGEL Staff Germany, second only to China as the world's leading exporter of goods, has been particularly hard-hit by the collapse of global markets. But the mass unemployment some had feared has ...
Giorgio Bertini
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5 weeks ago
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Fair Play Equals Fair Pay: BMW Links Executive Pay to That of its Line WorkersFair Play Equals Fair Pay BMW Links Executive Pay to That of its Line Workers By Christopher Lawton BMW has become the first major company in Germany to change its compensation practices amid growing concern over excessive banker bonuses. The company cited a fairer work environment as its ...
Giorgio Bertini
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7 weeks ago
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Hive Electricity: The Coming Energy RevolutionHive Electricity The Coming Energy Revolution Electric cars, intelligent washing machines, mini power plants in your basement: Germany is on the verge of an energy revolution. SPIEGEL ONLINE looks at the latest developments in the smart grid and how it will change the relationship between ...
Giorgio Bertini
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2 months ago
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The G20 Summit in Pittsburgh: Should You Care? - The Baseline ScenarioOn Thursday evening and all day Friday, heads of government from countries belonging to the G20 will meet in Pittsburgh. On paper, this looks important – 90 percent of world economic output and 67 percent of world population will be at the table: the G7 (US, Canada, Japan, UK, Germany, France, ...
Giorgio Bertini
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2 months ago
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Is Economic Growth Really Essential?The financial crisis has prompted many Germans to question the "cult" of GDP. Could we live with less economic growth and be happier? How is the German economy doing? Has it emerged from the worst of the economic crisis? There is probably no one in Germany who can answer those ...
Giorgio Bertini
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2 months ago
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Germany's finance minister, Steinbrück Warns of Return of 'Casino CapitalismGermany's finance minister, known for his fierce criticism of banking excesses that caused the global financial crisis, is warning that the plague of "casino capitalism" is returning to some banking centers.
Giorgio Bertini
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4 months ago
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Germany protects jobsGermany’s active labor market policy has enabled it to keep unemployment at a relatively stable rate while unemployment in other countries, including the United States, has risen sharply during the global economic crisis (see chart). Germany, which usually has a higher unemployment rate than the ...
Giorgio Bertini
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4 months ago
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Germany’s Recession vs. America’s: Doing Worse, but Feeling BetterGermany’s Recession vs. America’s: Doing Worse, but Feeling Better The world recession that began in the U.S. is hitting Germany much harder than us, due to a collapse in world trade that has damaged an economy that Germans constantly refer to as “the World Export Champion.” Their economy ...
Giorgio Bertini
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4 months ago
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Is There More Than One Path To Globalization?Back in the 1990s, it seemed to many that the Anglo-Saxon economic model was superior to all others — and destined to supplant them. Now even The Economist is admitting, reluctantly, that “a new European pecking order has emerged, with statist France on top, corporatist Germany in the middle ...
Giorgio Bertini
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4 months ago
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