In an interview with Der Spiegel, Siemens CEO Peter Loescher said that Siemens would follow along with the general national mood and forego further development of nuclear energy. This all comes in the wake of the Fukushima disaster in Japan and public support for nuclear power in Germany is at an all time low. Siemens […]
Read More(in tonnes – due to the wild fluctuation of the price of gold) 1. US 8,133.5 2. Germany 3,401.0 3. The IMF 2,846.7 4. Italy 2,451.8 5. France 2,435.4 6. China, 1,054.1 7. Switzerland 1,040.1 8. Russia 775.2 9. Japan 765.2 10. Netherlands 615.5 With the value of gold skyrocketing due to economic uncertainties surrounding […]
Read MoreArchaeologists, geophysicists and computer scientists have uncovered a well-preserved Gladiator School outside of Vienna using radar and computer modeling, no shovels. The impressively preserved structure is located in what would have been Roman Carnuntum and is comparable in quality to those found in Rome and Pompeii, the ash preserved city that fell during the earthquake […]
Read MoreAs discussed in previous blog posts, the problem with the Euro and the current debt crises wracking EU states like Greece and Spain stems largely from the EU member-states unrestrained ability to borrow money in the form of sovereign debt. While the Euro binds the EU together in monetary union, each member state is still […]
Read MoreThe German Bundesbank has increased pressure on German Chancellor Angela Merkel’s attempts at shoring up support for the ECB bailout of the sovereign debts of Italy and Spain in an attempt to stave off unsustainable future borrowing costs for the two beleaguered EU states. This just highlights the coordination difficulties inherent in the current financial […]
Read MoreFrom Topgear.com, named after one of my favorite tv shows, comes this story about a hot as hell Kia concept coming in the future, leading the site to speculate if the German makes are in the crosshairs in Korea. Click here for pictures.
Read MoreIn debt markets, size matters. This article proposes that the EU proceed with the creation of a large common market for their sovereign debt to rival the debt markets of Japan and the United States. It also says that the EU should do this with or without Germany, which begs the question whether the author […]
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