Word: frankfurting
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...Joseph Stalin invent modern marketing? That's the thesis of a new show at Frankfurt's Schirn Kunsthalle, which argues that the techniques the dictator used to promote communism in the 1930s presage those now used to sell products throughout the free world. Long before the creative directors of Western ad agencies and shortly before Nazi propaganda minister Joseph Goebbels, Stalin understood how to use images to mold public opinion. "It was mass marketing," says Boris Groys, co-curator of Dream Factory Communism - the Visual Culture of the Stalin Era, at the Schirn through early January. "The difference was that...
...whether it may be the payback for allowing a big German company to be bought by a non-German competitor. And when the Financial Times splashed on its front page Deutsche Bank's threat to move its headquarters to London - a report from which it later retreated - bankers in Frankfurt openly wondered whether it wasn't all "a London conspiracy," as one put it. What did Ackermann and cohorts do that was so wrong? As part of the takeover, the Mannesmann board approved about €60 million in bonuses and severance payments for Mannesmann officials, including a €15 million...
...remove. "Deutsche Bank's particular dilemma is that the CEO stands alone," says Ulrich Hocker of the German Shareholder Protection Association, which advocates tougher corporate governance. Whatever the outcome, the case is a blow to Ackermann and can only make his plan for change harder to implement. A sympathetic Frankfurt banker said: "Imagine how distracting it must be to try to talk about serious things like new capital requirements when you know that everyone listening is just wondering whether you're going to resign." Deutsche Bank must also convince investors that it can function effectively and implement the next phase...
...infrastructure projects, like linking France's high-speed train system with Germany's; spending more money on the E.U.'s Galileo global positioning system; and investing in cleaner automobiles. "I don't think governments are very good at picking winners," says Dirk Schumacher, German economist at Goldman Sachs in Frankfurt. "We do need infrastructure, but they shouldn't use this as an opportunity to steer the business cycle. In the past it hasn't worked, and I don't see why it should now." Further complications will arise next week, as representatives from all 25 member states begin formal discussions...
...discussion about Russian whodunits, and Alexandra Marinina will tell of the latest case of her heroine, inspector Anastasija Kamenskaja. When you get tired of pushing your way through the noisy crowds, take a breather and stroll from the fairgrounds to the pretty Römerberg square in front of Frankfurt's eponymous city hall. The plaque embedded in the ground at its center commemorates the May 10, 1933, burning of books that the Nazis deemed to be politically incorrect. Perhaps the reminder of those awful times will renew your appreciation for the book fair and its bustle of activity. Come...