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...Everything In short, Halle has learned that throwing money at an economic meltdown isn't a cure-all. To be sure, some towns in the old GDR have done well. In the Saxon heartland, where the local economy had strong roots going back to before World War II, Dresden has turned itself into a world center for semiconductors, Leipzig has attracted automakers including BMW and Porsche, and Jena has successfully built on the reputation of its optical firm, Carl Zeiss. But for the most part, eastern Germany is still far from resembling the "blossoming landscapes" that former Chancellor Helmut Kohl...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

There's no doubt this public spending produced some results. The U.S. semiconductor firm AMD, for example, was planning to build a new plant in Ireland. In 1995, however, it switched to the Dresden area - once a high-tech region for the whole Soviet bloc - where it now employs about 2,000 people. Similarly, on the edge of Halle's Neustadt, in a brand-new technology center built on the site of the former Soviet army base, Katja Heppe pulls the claws of a snow crab out of a plastic bag. She's 29, a biotechnology researcher who specializes...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...attempts to woo industry through subsidies work so well. While Dresden has managed to reinvent itself as a micro-electronics "cluster," a similar attempt by the town of Frankfurt an der Oder failed. Around eastern Germany, there are numerous examples of industries without real prospects being kept alive artificially, complains Holznagel of the Taxpayers' Federation, citing tilemaking and leather-treatment plants on the Baltic coast. "The subsidies just prolong the death," he says, "but it comes anyway...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...guitar, but I don't know how to write music - I'm collaborating with different artists who are giving me the music while I provide the lyrics. Two of the people I'm collaborating with will be performing with me at SXSW - Patty Griffin and Amanda Palmer [of the Dresden Dolls...

Author: /time Magazine | Title: Comedian and SXSW Musician Margaret Cho | 3/13/2009 | See Source »

...linked wirelessly (like the Kindle) via a high-speed cellular network to a store that will support on-demand transactions of under a dollar. There are just two problems. Because everything about Plastic Logic's device is new, right down to a fab plant built in Dresden that's churning out parts, the first model won't reach consumers until 2010. And version 1.0 will render text in standard E-Ink black on gray. CEO Richard Archuleta says a color screen that can handle true black and white (not to mention the gamut of colors needed to reproduce the page...

Author: /time Magazine | Title: The Race for a Better Read | 2/5/2009 | See Source »

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