Welcome to Germerica - Where we all come together
Already a Member?
Got a Hot Tip?
Please email us HERE
Search
DER BLOGGER
Are the Boomers Are Heading for the Barn?
When the April figures on unemployment were released May 4, they were more than disappointing. They were deeply disturbing. While the unemployment rate had fallen from 8.2 percent to 8.1 percent, 342,000 workers had stopped looking for work. They had just dropped out of the labor market. Only 63.6 percent of the U.S. working age population is now in thelabor force, the lowest level since December 1981.
WANDERLUST
Eurostar Eyes Frankfurt Link
Eurostar is to extend its high speed rail service to link Frankfurt and Cologne via the Channel Tunnel to London within the next five years, according to a British newspaper report on Monday.
GERMERICANA
Digging into German Culture in Pennsylvania
By Chris Sholley
During the past year, a group of Lebanon Valley College students poured over German documents at the Lebanon County Historical Society of Pennsylvania as part of an advanced course in the language. They made interesting discoveries about the lives of German immigrants.
AKADEMIA
Learning and Teaching German
With the free German courses from Deutsche Welle, you can choose the learning style that suits you best: e-learning at the computer, with short videos, audio courses or podcasts, or with texts and worksheets you can print out. For DW's website, please click HERE
GERMERICA LINKS
RSS FEED
German Investors Fear Recession
Tue, 10/18/2011 - 09:29 —
Investor confidence in October fell to its lowest level in nearly 3 years, adding to signs that the debt crisis is reaching Europe's biggest economy. Photo: Hamburg's Containerport.
The Mannheim-based ZEW Centre for European Economic Research‘s
index, which measures the mood among analysts and institutional
investors, slumped deeper into negative territory this month, falling
to minus 48.3 points, from minus 43.3 in August.
"Weak data concerning Germany‘s domestic economic activity have
contributed to the indicator‘s decline," the ZEW said releasing the
survey, which measures expectations six months down the track.
"As a result of the drop in retail sales and industrial new orders
the financial market experts may see their fears come true that the
current government debt crisis could cause German companies and
consumers to postpone investments and consumption spending," it said.
The October fall was the indicator‘s eighth consecutive monthly
decline. It now stands at its lowest level since November 2008, when
the financial crisis was taking hold around the world.
Based on a survey of 271 analysts, the ZEW‘s fall was also bigger
than analysts‘ forecasts, which had pointed to a drop to minus 44.5.
"The further drop in expectations for the next six months is in
line with our view of a marked slowdown in the German economy in late
2011," said Elga Bartsch, European economist with Morgan Stanley.
After growing by 0.5 per cent quarter on quarter in the three
months to the end of September, Barclays Capital said in a note to
clients Tuesday that it expects the German economy to contract by 0.1
per cent in the final quarter of the year.
Still, most economists are expecting the German economy to chalk
up a solid growth rate this year of about 3 per cent. This comes
after it bounded into the new year on a strong 1.3 per-cent expansion
rate.
The release of the ZEW survey follows months of investor
uncertainty unleashed by worries about the outlook for global
economic growth and the debt crisis gripping parts of the 17-member
eurozone.
WAS IST LOS?
KULTUR
Celebrating Gustav Klimt
Vienna's art trade will be marking the 150th anniversary of Gustav Klimt’s birth in style. A series of special events in 2012 will pay tribute to the artist, who was a leading light in the Vienna Secession movement and a pioneer of modernism.
DAS KINO
Portrait of Wally - The Movie
A documentary about Austrian painter Egon Schiele's famous portrait of his mistress "Wally" opens Friday, in New York's Quad Cinema III. It traces the legal and emotional drama surrounding the oil painting. The following review is by Chuck Bowen of Slant.
DER STAMMTISCH
Gertrude Stein's Strange Views
By Mark Weber
Scholars of the life of Gertrude Stein were recently startled to learn that in 1938 the prominent American writer Gertrude Stein had spearheaded a campaign urging the Nobel committee to award its Peace Prize to Adolf Hitler.
FUSSBALL
