Word: frankfurt
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...about who replaces whom. Maybe Shanghai's economic growth will surpass that of Hong Kong. But that would not be a "replacement." When Frankfurt started to grow and became a financial center, it could not replace London--they have different traditions and markets. I think Hong Kong will be Asia's financial hub, but Shanghai will be the financial center of China. Its role will be to link China and the world...
...Germany, Eberhard Barmann, president of the Berlin magicians' club Zauberfreunde, reports that "more and more grandparents and parents are calling me because they want to know where their grandchildren and children can learn conjuring tricks." Barmann's colleague Wilfried Possin, the head of a magicians' organization in Frankfurt, attributes this surge of interest to Harry Potter: "The books have brought our trade into the limelight...
...year in the U.S., improving his English and trying to get to know every media bigwig in the States. He and AOL CEO Steve Case became good friends, and Case began to introduce Middelhoff around. Although he may have that steely look and the precision dress of a Frankfurt banker, his new media friends discovered Middelhoff to be a man of surprising charm and easy humor. That down-homeness may reflect his roots. He lives on a farm outside Gutersloh with his wife, five children, 45 cows and sheep, and a duck pond. "Thomas can defuse the tension...
Meanwhile, private carriers from Atlanta to Frankfurt, Germany, are battling for a bigger piece of the delivery pie, forcing the Postal Service to contract with the likes of DHL and Emery Worldwide just to maintain its global reach. Although still delivering 40% of the world's mail, the men and women in blue just can't seem to keep pace. Says Representative John McHugh, a New York Republican, whose postal-reform bill has been stuck in congressional limbo for six years: "The postal system is heading toward a disaster of tremendous consequences...
...news - that Q3 earnings would grow only 3 to 5 percent from the company's second-quarter numbers, and not the 6 to 8 percent growth once expected - have been reverberating westward across the globe since Thursday night and giving investors headaches all the way. Tokyo, Hong Kong, Frankfurt, London... and now back to Wall Street, where losses that had been piling up all night - to record volume for electronic-trading networks - came gushing out with the morning bell (NASDAQ falling 194 points in 13 minutes dramatic enough for you?). A very bad end to a lousy week...