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...still has put no alternative suggestion on the table. The government wants to ensure that a bank's shareholders and not the taxpayer bear the brunt of any losses. "The previous shareholders will primarily have to share the losses and bear the risks," he told the Saarbrücker Zeitung newspaper...

Author: /time Magazine | Title: Why Berlin Says U.S. 'Bad Bank' Plan Is Bad | 3/30/2009 | See Source »

...reminder of the pervasiveness of Nazi policies. In 1940 Wilhelm Schaeffler acquired a company called Davistan AG in the town of Kietrz. Davistan was a former Jewish-owned manufacturer of upholstery and carpets that had gone bankrupt. In an interview with Schöllgen in the Süddeutsche Zeitung on March 2, Davistan is described as the "cornerstone of the current Schaeffler Group." The company belonged to a Jewish family named Frank that ran into trouble during the Great Depression and left Germany in 1933 as anti-Semitism began to spread. But Schöllgen says the company was not part...

Author: /time Magazine | Title: German Company Seeking Bailout Is Tied to Auschwitz | 3/5/2009 | See Source »

...being the butt of such comments, were quick to exploit the humor in Britain's floundering response to what the country's weather forecasters called an "extreme weather situation." "Where I come from, this isn't snow," a Croatian living in London told the Munich-based Süddeutsche Zeitung. But "in Britain, different measurements apply," the paper added. Another publication from southern Germany, the Badische Zeitung, turned Britain's enduring addiction to wartime jokes back on their old adversary with a simple two-word headline: "London Capitulates...

Author: /time Magazine | Title: Snow Business Means No Business in London | 2/3/2009 | See Source »

Called Zeitungszeugen - Newspaper Witnesses - the first issue of the series includes not only a reprint of Der Angriff - whose editor and most strident columnist was propaganda chief Josef Goebbels - but also the communist paper Der Kämpfer and the more moderate Deutsche Allgemeine Zeitung. The facsimiles are bound inside pages of commentary and analysis intended to give them context. British publisher and hobby historian Peter McGee has already launched similar projects in eight European countries, including Austria. Prominent historians, such as Hans Mommsen, a leading expert on the Weimar Republic and Nazi Germany, and Wolfgang Benz, head...

Author: /time Magazine | Title: Old Nazi News Makes Headlines in Germany | 1/14/2009 | See Source »

Thorns lurk in some 
 bouquets. A columnist for Germany's Süddeutsche Zeitung drew parallels between the famously moody Brown and the "sociopath" Churchill. However provocative, the comparison is apt: that just as war allowed Churchill to shine, so does the economic crisis play to Brown's strengths...

Author: /time Magazine | Title: Flash Gordon Brown | 10/15/2008 | See Source »

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