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Spain: The Party’s Over

Spain: The Party’s Over

It was 7:30 on an ordinary weekday in Toledo, in the heart of Castile. In front of the local public employment agency, which would open at 8:00, dozens of people young to middle-aged waited in a long line. Their resigned expressions, drooping shoulders and aura of hopelessness drew a picture of Spain’s new reality, of […]

What Can Save the Euro?

Just when it seemed that things couldn’t get worse, it appears that they have. Even some of the ostensibly “responsible” members of the eurozone are facing higher interest rates. Economists on both sides of the Atlantic are now discussing not just whether the Euro will survive, but how to ensure that its demise causes the […]

Austrian Gender Gap Still Wide on Pay

Austria still has not succeeded in closing its gender gap, according to the Global Gender Gap Report 2010 published on Oct. 12 by the World Economic Forum (WEF), an international think tank headquartered in Geneva and widely known for its annual meeting in Davos. The Alpine Republic ranked 37th in gender equality, according to the […]

New Year’s Valuations: Or, How to choose your basic stocks for 2010

In the previous episodes we have highlighted the aspects of portfolio diversification, long term investments, short term trading and sector analysis. This is Richie Rich with this Weeks focus on basic stock evaluation. Although sentiment is slightly more positively tuned than six months back, Financial Markets for 2010 are expected to continue their volatility as […]

Gold Medal Disgrace

The President of the Austrian Olympic Committee (ÖOC), Leo Wallner, resigned in early September following accusations on holding back information concerning the abuse of committee funds by former the Secretary General. Wallner resigned following an internal audit by the ÖOC in late 2008, which revealed that former Secretary General Heinz Jungwirth had embezzled €72,000 worth […]

Monika & Meinl

Monika & Meinl

Monika Kosch effortlessly sketches out a plan. This for Meinl European Land, that for Frau Kosch. Below the line, a fat plus for both.  Up to a 12% yield with virtually no risk?  A surefire jackpot, won by a simple guessing game. This is how it was explained to the 60-year old pensioner, Monika Kosch. […]

Value-Backed Vendetta

Russia’s government is sitting on a giant pile of cash that it plans to invest in foreign assets. The glimpse of its economic muscle was revealed this week when the Prime Minister of Iceland, Geir Hoarde, announced that Russia may come with about $5 billion to save its troubled economy. Who could have thought that, […]

The Costs of Money

When people say that “Money is the root of all evil,” they usually don’t mean that money itself is the root of evil. Like Saint Paul, from whom the quote comes, they have in mind the love of money. Could money itself, whether we are greedy for it or not, be a problem? Karl Marx […]

Olympic Rewards

Olympic Rewards

The Chinese National Sports Ministry will allocate 35,000 Euro (1Euro = 10.09 Chinese Yuan) as bonuses to each Chinese gold medal winner of the Beijing Olympic Games, which is 15,000 Euros more than in the Athens Olympic Games. According to the rankings, Chinese athletes won 51 gold medals, 21 silver medals and 28 bronze medals […]

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