Word: frankfurt
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Dates: during 2000-2009
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...fossil is so perfectly preserved because Ida probably died quickly and nonviolently; her resting place was an abandoned quarry called the Messel Pit, near Frankfurt. At the time she lived, the pit was a lake out of which poisonous volcanic gases probably belched from time to time. Likely felled by such an outburst, she tumbled into deep, oxygen-poor water where she would have been buried by sediments before she could decompose. Indeed, the Messel Pit is such a rich source of well-preserved fossils that it's been designated a UNESCO World Heritage Site. (Read about China's fossil...
Need a break from meetings and doing deals in corporate Frankfurt? Take your soul on a trip to the historic spa town of Wiesbaden - just half an hour's drive away from Germany's financial hub. Here are three of Wiesbaden's finest places to soak away the working week...
...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...
...news of the rights issue, Porsche's shares tumbled 15.2% to $64.28 in early Frankfurt trading on Thursday. The company issued a statement saying the controlling families had discussed "capital measures," but did not elaborate...
...Farquhar, a partner in Ernst & Young's employment tax division, says the mad rush "is reminiscent of what we saw during the downturn in 2001," with employees suddenly acting on perks they may have forgotten were on offer. Katarina, who lost her marketing job with a cosmetics firm in Frankfurt, joined a gym before her last day to secure a corporate discount, which saves her $40 a month. "I've been unemployed for the past month but my gym membership is still the rate of a working person's," she says...