Word: frankfurting
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German philosopher and social theorist Habermas is a leading representative of the Frankfurt School of theorists and one of the foremost scholars of the 20th century...
...notoriously secretive body, publicly scrubbed itself clean. Members were expelled. New regulations were drafted forbidding members from visiting candidate cities, imposing a limit on gifts and even banning cities from throwing cocktail parties for I.O.C. members. Recently when a flight carrying a member of the I.O.C. from Seoul to Frankfurt made an unscheduled stop in Beijing for a medical emergency, I.O.C. member Alex Gilady called I.O.C. president Juan Antonio Samaranch to confess that he was?gasp!?in a bid city and begged not to be reported to the ethics committee. Gilady was only half joking...
...notoriously secretive body, publicly scrubbed itself clean. Members were expelled. New regulations were drafted forbidding members from visiting candidate cities, imposing a limit on gifts and even banning cities from throwing cocktail parties for I.O.C. members. Recently when a flight carrying a member of the I.O.C. from Seoul to Frankfurt made an unscheduled stop in Beijing for a medical emergency, I.O.C. member Alex Gilady called I.O.C. president Juan Antonio Samaranch to confess that he was-gasp!-in a bid city and begged not to be reported to the ethics committee. Gilady was only half joking...
...swapping its 40% stake in Allianz's life insurance arm, Allianz Leben, for Allianz's 17% stake in HypoVereinsbank. Dresdner is also doing a share swap with Munich Re. In the process, the center of gravity of German finance moved a step toward Munich from its traditional base in Frankfurt. "By reducing cross-holdings, Allianz and Munich Re are laying the foundation for a crucial realignment within the German financial services sector," said Allianz chairman Henning Schulte-Noelle...
...capital gains tax for corporations, which had led many firms to sit on their investments. "The end of the capital gains tax is facilitating the restructuring of the financial sector in Germany and the eurozone," says Thomas Mayer, chief economist at Goldman Sachs in Frankfurt. "An acquisition currency has become usable with the elimination of capital gains...