Word: ernstli
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...part of the solution - the number has grown exponentially in the past five years in Europe - but aren't dependable. There's an equally urgent need for investment in transmission and distribution, often the chief culprit in blackouts. Colette Lewiner, a Paris-based energy expert at consultants Cap Gemini Ernst & Young, points to two problems. Unlike power generation, transmission and distribution networks are "natural" monopolies that can't be liberalized; it makes no sense to build competing electric lines. Regulators have pressured transmission companies to cut costs, and the easiest way to do that is to stop investing. "Now there...
...court, says lawyer Wouter Paardekooper of the Amsterdam office of Baker & McKenzie, which represented Bosal. But the newest and perhaps the biggest force for change comes from the east. Many of the new E.U. members have substantially lower rates for both companies and individuals than their Western neighbors. Consultants Ernst & Young calculate that, on average, the effective tax rate for companies is 21.3% in the new E.U. states, substantially less than the 29.4% average in the old members. The result: tax policy is suddenly high on every European government's agenda, whether they like...
...whimsical of images, Eric Thake's Happy Landing, 1939, speaks of the turbines of warfare. It was war that brought German ?migr? Hein Heckroth to Australia. His brief detention in rural N.S.W. resulted in one of the show's loveliest works, Surreal Landscape, 1940, in which one of Max Ernst's birds seems to have settled on the sun-bleached scrub...
...much money, it was revealed last week, that auditing firm Ernst & Young warned of "substantial doubt" that the publicly traded gaming company run by Trump Hotels & Casino Resorts could continue as a viable enterprise. The prospect of a flashy failure could tousle the Donald's carefully coiffed image as a business guru. Fighting back, he declared last week that his casinos "have always been a good company" and that he will prove it by focusing on them until they are fixed...
...foreign websites. The U.S. says it will appeal, but don't bet against online gambling. Very Expensive Room Service For over 50 years, Germans maintained unwavering faith in one institution: the Bundesbank, now a regional affiliate of the European Central Bank. Thus, the scandal around the bank's president, Ernst Welteke, has come as a shock. Welteke and his family stayed at Berlin's luxurious Hotel Adlon on New Year's Eve, 2001. Dresdner Bank picked up the tab - over 37,660 - landing Welteke under state investigation. Welteke paid his share last Monday and took a vacation. But government...