Word: germanics
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...German Chancellor Angela Merkel and her Finance Minister, Peer Steinbrück, have spent months saying they will never let irresponsible German banks off the hook by taking their toxic assets and putting them into some sort of government-backed bad bank...
...banks. The move has won plaudits on Wall Street and even a knowing nod from Main Street U.S.A., which understands that the plan is a necessary evil. In Germany, it has also fueled a fierce debate about whether Merkel is wrong and how Berlin might get toxic assets off German banks' books without making taxpayers foot the bill. (See 25 people to blame for the financial crisis...
...speech to German bankers last week Merkel said her opposition to a bad bank was based on a need for fairness in resolving the crisis...
...Earlier this year, Austrian authorities began decommissioning all cotton swabs manufactured by Austrian company Greiner Bio-One International AG after they had made a similar discovery, with a different mysterious DNA donor. On Thursday, several German states admitted to using that same brand of cotton swab. An investigator from the state of Baden-Württemberg told Bild newspaper: "The things were double-packaged; we thought they were the Mercedes of cotton swabs." But the Austrian manufacturer hurried to declare Thursday night that "Greiner Bio-One cotton swabs are not certified for DNA analysis...
...contaminated at some point in their production, from when the raw cotton was picked to when the swabs were packed. Forensic analysts in Stuttgart have been testing unused cotton swabs for the Phantom's DNA but say that so far they have found no evidence of contamination. For the German police, it would be a relief to discover that the mysterious female serial killer doesn't actually exist. But it would also be a bitter confirmation of the thousands of man-hours wasted chasing a ghost - and of the 40 criminal investigations that are now back to square...