http://odeo.com/channels/2117736-Old_Money-Talks-Money-Talks no For business news from Europe’s financial powerhouse -- tune in to our weekly business and economics magazine Money Talks. The half-hour program keeps you up-to-date on the latest European business trends and financial developments with news, reports and interviews. Money Talks is broadcast every Wednesday and Thursday or download the program as a podcast. For business news from Europe’s financial powerhouse -- tune in to our weekly business and economics magazine Money Talks. The half-hour program keeps you up-to-date on the latest European business trends and financial developments with news, reports and interviews. Money Talks is broadcast every Wednesday and Thursday or download the program as a podcast. For business news from Europe’s financial powerhouse -- tune in to our weekly business and economics magazine Money Talks. The half-hour program keeps you up-to-date on the latest European business trends and financial developments with news, reports and interviews. Money Talks is broadcast every Wednesday and Thursday or download the program as a podcast. en 40 Tue, 24 Mar 2009 21:30:00 -0700 Tue, 24 Mar 2009 21:30:00 -0700 2008 DW-WORLD.DE, Deutsche Welle Business http://odeo.com/episodes/25344811-Old_Money-Talks-Business-News-from-the-Heart-of-Europe On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers Russia The European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system. At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011. One fifth of the EU’s natural gas requirement flows through Ukrainian pipelines, and the country’s significance as a transit nation became clear in January, when a spat between Moscow and Kiev led to much of Europe's gas supply being cut off in the midst of a record cold spell. Russia too was invited to the Brussels conference but the country's energy minister, who attended, described the agreement as “unilateral”. Moscow said the plans appeared to harm its interests and bring Ukraine legally clo... On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers Russia The European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system. At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011. One fifth of the EU’s natural gas requirement flows through Ukrainian pipelines, and the country’s significance as a transit nation became clear in January, when a spat between Moscow and Kiev led to much of Europe's gas supply being cut off in the midst of a record cold spell. Russia too was invited to the Brussels conference but the country's energy minister, who attended, described the agreement as “unilateral”. Moscow said the plans appeared to harm its interests and bring Ukraine legally closer to the EU. Russian Prime Minister Vladimir Putin has since threatened to review ties with the EU. Money Talks asked Ferran Terradellas, spokesman for the European Commission’s top energy official, if he thought the agreement would help ensure energy security for the bloc. Interview: Ranjitha Balasubramanyam / Ferran Terradellas Spanish Labour Laws Prove a Major Hurdle Amidst Recession Businesses and unions alike agree that the labour market is in urgent need of major reform. However, they disagree on how to go about it. Spain is suffering from the global economic crisis particularly severely: its unemployment rate of nearly 14 percent is the highest in the European Union. The collapse of the construction industry, stagnation in tourism and a decline in manufacturing are the main reasons for this rising tide of joblessness. But Spain’s restrictive labour laws have made their own contribution to the existing problems. Report: Danny Wood Putting Money Into God's Hands Founded in 1917 by Catholic priests to manage their money, today the Pax Bank has more than 20,000 private customers in its seven branches. As people begin to analyse the origins of the financial crisis, the greed and corrupt practices adopted by conventional banks are becoming more apparent by the day. Not only is there a lack of trust between the banks, there is also growing uncertainty that customers’ deposits will actually remain secure. While many big names in the banking industry are having trouble convincing people to continue doing business with them, smaller and more unconventional banks, including church-run banks, seem to be gaining ground. Report: Kateri Jochum On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers Russia The European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system. At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011. One fifth of the EU’s natural gas requirement flows through Ukrainian pipelines, and the country’s significance as a transit nation became clear in January, when a spat between Moscow and Kiev led to much of Europe's gas supply being cut off in the midst of a record cold spell. Russia too was invited to the Brussels conference but the country's energy minister, who attended, described the agreement as “unilateral”. Moscow said the plans appeared to harm its interests and bring Ukraine legally closer to the EU. Russian Prime Minister Vladimir Putin has since threatened to review ties with the EU. Money Talks asked Ferran Terradellas, spokesman for the European Commission’s top energy official, if he thought the agreement would help ensure energy security for the bloc. Interview: Ranjitha Balasubramanyam / Ferran Terradellas Spanish Labour Laws Prove a Major Hurdle Amidst Recession Businesses and unions alike agree that the labour market is in urgent need of major reform. However, they disagree on how to go about it. Spain is suffering from the global economic crisis particularly severely: its unemployment rate of nearly 14 percent is the highest in the European Union. The collapse of the construction industry, stagnation in tourism and a decline in manufacturing are the main reasons for this rising tide of joblessness. But Spain’s restrictive labour laws have made their own contribution to the existing problems. Report: Danny Wood Putting Money Into God's Hands Founded in 1917 by Catholic priests to manage their money, today the Pax Bank has more than 20,000 private customers in its seven branches. As people begin to analyse the origins of the financial crisis, the greed and corrupt practices adopted by conventional banks are becoming more apparent by the day. Not only is there a lack of trust between the banks, there is also growing uncertainty that customers’ deposits will actually remain secure. While many big names in the banking industry are having trouble convincing people to continue doing business with them, smaller and more unconventional banks, including church-run banks, seem to be gaining ground. Report: Kateri Jochum tag:odeo.com,2009-03-24,25344811 Tue, 24 Mar 2009 21:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614034-Old_Money-Talks-Business-News-from-the-Heart-of-Europe On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers Russia The European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system. At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011. One fifth of the EU’s natural gas requirement flows through Ukrainian pipelines, and the country’s significance as a transit nation became clear in January, when a spat between Moscow and Kiev led to much of Europe's gas supply being cut off in the midst of a record cold spell. Russia too was invited to the Brussels conference but the country's energy minister, who attended, described the agreement as “unilateral”. Moscow said the plans appeared to harm its interests and bring Ukraine legally clo... On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers Russia The European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system. At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011. One fifth of the EU’s natural gas requirement flows through Ukrainian pipelines, and the country’s significance as a transit nation became clear in January, when a spat between Moscow and Kiev led to much of Europe's gas supply being cut off in the midst of a record cold spell. Russia too was invited to the Brussels conference but the country's energy minister, who attended, described the agreement as “unilateral”. Moscow said the plans appeared to harm its interests and bring Ukraine legally closer to the EU. Russian Prime Minister Vladimir Putin has since threatened to review ties with the EU. Money Talks asked Ferran Terradellas, spokesman for the European Commission’s top energy official, if he thought the agreement would help ensure energy security for the bloc. Interview: Ranjitha Balasubramanyam / Ferran Terradellas Spanish Labour Laws Prove a Major Hurdle Amidst Recession Businesses and unions alike agree that the labour market is in urgent need of major reform. However, they disagree on how to go about it. Spain is suffering from the global economic crisis particularly severely: its unemployment rate of nearly 14 percent is the highest in the European Union. The collapse of the construction industry, stagnation in tourism and a decline in manufacturing are the main reasons for this rising tide of joblessness. But Spain’s restrictive labour laws have made their own contribution to the existing problems. Report: Danny Wood Putting Money Into God's Hands Founded in 1917 by Catholic priests to manage their money, today the Pax Bank has more than 20,000 private customers in its seven branches. As people begin to analyse the origins of the financial crisis, the greed and corrupt practices adopted by conventional banks are becoming more apparent by the day. Not only is there a lack of trust between the banks, there is also growing uncertainty that customers’ deposits will actually remain secure. While many big names in the banking industry are having trouble convincing people to continue doing business with them, smaller and more unconventional banks, including church-run banks, seem to be gaining ground. Report: Kateri Jochum On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers Russia The European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system. At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011. One fifth of the EU’s natural gas requirement flows through Ukrainian pipelines, and the country’s significance as a transit nation became clear in January, when a spat between Moscow and Kiev led to much of Europe's gas supply being cut off in the midst of a record cold spell. Russia too was invited to the Brussels conference but the country's energy minister, who attended, described the agreement as “unilateral”. Moscow said the plans appeared to harm its interests and bring Ukraine legally closer to the EU. Russian Prime Minister Vladimir Putin has since threatened to review ties with the EU. Money Talks asked Ferran Terradellas, spokesman for the European Commission’s top energy official, if he thought the agreement would help ensure energy security for the bloc. Interview: Ranjitha Balasubramanyam / Ferran Terradellas Spanish Labour Laws Prove a Major Hurdle Amidst Recession Businesses and unions alike agree that the labour market is in urgent need of major reform. However, they disagree on how to go about it. Spain is suffering from the global economic crisis particularly severely: its unemployment rate of nearly 14 percent is the highest in the European Union. The collapse of the construction industry, stagnation in tourism and a decline in manufacturing are the main reasons for this rising tide of joblessness. But Spain’s restrictive labour laws have made their own contribution to the existing problems. Report: Danny Wood Putting Money Into God's Hands Founded in 1917 by Catholic priests to manage their money, today the Pax Bank has more than 20,000 private customers in its seven branches. As people begin to analyse the origins of the financial crisis, the greed and corrupt practices adopted by conventional banks are becoming more apparent by the day. Not only is there a lack of trust between the banks, there is also growing uncertainty that customers’ deposits will actually remain secure. While many big names in the banking industry are having trouble convincing people to continue doing business with them, smaller and more unconventional banks, including church-run banks, seem to be gaining ground. Report: Kateri Jochum tag:odeo.com,2009-03-24,24614034 Tue, 24 Mar 2009 20:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24364013-Money-Talks-Business-News-from-the-Heart-of-Europe On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers Russia The European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system. At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011. One fifth of the EU’s natural gas requirement flows through Ukrainian pipelines, and the country’s significance as a transit nation became clear in January, when a spat between Moscow and Kiev led to much of Europe's gas supply being cut off in the midst of a record cold spell. Russia too was invited to the Brussels conference but the country's energy minister, who attended, described the agreement as “unilateral”. Moscow said the plans appeared to harm its interests and bring Ukraine legally clo... On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers Russia The European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system. At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011. One fifth of the EU’s natural gas requirement flows through Ukrainian pipelines, and the country’s significance as a transit nation became clear in January, when a spat between Moscow and Kiev led to much of Europe's gas supply being cut off in the midst of a record cold spell. Russia too was invited to the Brussels conference but the country's energy minister, who attended, described the agreement as “unilateral”. Moscow said the plans appeared to harm its interests and bring Ukraine legally closer to the EU. Russian Prime Minister Vladimir Putin has since threatened to review ties with the EU. Money Talks asked Ferran Terradellas, spokesman for the European Commission’s top energy official, if he thought the agreement would help ensure energy security for the bloc. Interview: Ranjitha Balasubramanyam / Ferran Terradellas Spanish Labour Laws Prove a Major Hurdle Amidst Recession Businesses and unions alike agree that the labour market is in urgent need of major reform. However, they disagree on how to go about it. Spain is suffering from the global economic crisis particularly severely: its unemployment rate of nearly 14 percent is the highest in the European Union. The collapse of the construction industry, stagnation in tourism and a decline in manufacturing are the main reasons for this rising tide of joblessness. But Spain’s restrictive labour laws have made their own contribution to the existing problems. Report: Danny Wood Putting Money Into God's Hands Founded in 1917 by Catholic priests to manage their money, today the Pax Bank has more than 20,000 private customers in its seven branches. As people begin to analyse the origins of the financial crisis, the greed and corrupt practices adopted by conventional banks are becoming more apparent by the day. Not only is there a lack of trust between the banks, there is also growing uncertainty that customers’ deposits will actually remain secure. While many big names in the banking industry are having trouble convincing people to continue doing business with them, smaller and more unconventional banks, including church-run banks, seem to be gaining ground. Report: Kateri Jochum On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers Russia The European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system. At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011. One fifth of the EU’s natural gas requirement flows through Ukrainian pipelines, and the country’s significance as a transit nation became clear in January, when a spat between Moscow and Kiev led to much of Europe's gas supply being cut off in the midst of a record cold spell. Russia too was invited to the Brussels conference but the country's energy minister, who attended, described the agreement as “unilateral”. Moscow said the plans appeared to harm its interests and bring Ukraine legally closer to the EU. Russian Prime Minister Vladimir Putin has since threatened to review ties with the EU. Money Talks asked Ferran Terradellas, spokesman for the European Commission’s top energy official, if he thought the agreement would help ensure energy security for the bloc. Interview: Ranjitha Balasubramanyam / Ferran Terradellas Spanish Labour Laws Prove a Major Hurdle Amidst Recession Businesses and unions alike agree that the labour market is in urgent need of major reform. However, they disagree on how to go about it. Spain is suffering from the global economic crisis particularly severely: its unemployment rate of nearly 14 percent is the highest in the European Union. The collapse of the construction industry, stagnation in tourism and a decline in manufacturing are the main reasons for this rising tide of joblessness. But Spain’s restrictive labour laws have made their own contribution to the existing problems. Report: Danny Wood Putting Money Into God's Hands Founded in 1917 by Catholic priests to manage their money, today the Pax Bank has more than 20,000 private customers in its seven branches. As people begin to analyse the origins of the financial crisis, the greed and corrupt practices adopted by conventional banks are becoming more apparent by the day. Not only is there a lack of trust between the banks, there is also growing uncertainty that customers’ deposits will actually remain secure. While many big names in the banking industry are having trouble convincing people to continue doing business with them, smaller and more unconventional banks, including church-run banks, seem to be gaining ground. Report: Kateri Jochum tag:odeo.com,2009-03-24,24364013 Tue, 24 Mar 2009 20:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/25344812-Old_Money-Talks-Business-News-from-the-Heart-of-Europe On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG Losses The fallout of AIG’s poor performance is being felt as far afield as in Germany. In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer AIG ignite a backlash against the very idea of government support for Wall Street. A total of 700 billion dollars has been sunk into bailouts by the current and former US administrations, including some 170 billion for AIG alone, on the premise that everyone on Main Street will suffer if Wall Street melts down. Money Talks takes a look at the phenomenon of cross-border leasing. It involves complex financial deals with US investors like AIG, once seen as a lifesaver by financially struggling Ger... On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG Losses The fallout of AIG’s poor performance is being felt as far afield as in Germany. In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer AIG ignite a backlash against the very idea of government support for Wall Street. A total of 700 billion dollars has been sunk into bailouts by the current and former US administrations, including some 170 billion for AIG alone, on the premise that everyone on Main Street will suffer if Wall Street melts down. Money Talks takes a look at the phenomenon of cross-border leasing. It involves complex financial deals with US investors like AIG, once seen as a lifesaver by financially struggling German city councils. But now, with AIG losing its triple A credit rating, sewage and public transport systems, and even schools in German cities are feeling the pinch. Report: Catherine Graue German Companies Learn to Cope With Export Slump As the country’s export economy marks its steepest decline in over 16 years, the mechanical engineering sector too has taken a beating. Exports slumped by over 20 percent in January, compared to last year, as demand for goods from Europe's largest economy continued to fall. Germany has been the world's leading exporter for some years now, but will likely be overtaken by China this year. Money Talks takes a closer look at how a hitherto thriving company has been affected, and how it's coping with the situation. Report: Benjamin Braden Tourism Industry Hopeful Despite Gloomy Outlook More players seek to make use of the world’s leading platform for the travel industry in order to boost business. The world’s biggest travel fair, Berlin’s ITB, took place against the backdrop of a deepening global recession this year. In some sectors of the tourism industry there are clear signs of falling demand as holiday makers and business travellers are increasingly hesitant to spend as they did in the years before. However, at the event which wrapped up last weekend, tourism industry representitives were still optimistic about prospects of riding out the crisis. In fact, some nations have been experiencing a travel boom owing to the the crisis. Report: Hardy Graupner Publishing Industry Braves Global Downturn Continental Europe as a whole is seeing stronger sales since autumn of last year. The Leipzig Book Fair wrapped up in the eastern German city a few days ago, with an increase in visitor numbers and a fairly positive outlook on where the industry is going. During this time of economic crisis, the German language book industry is not doing too badly after all. Report: Jodi Breisler On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG Losses The fallout of AIG’s poor performance is being felt as far afield as in Germany. In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer AIG ignite a backlash against the very idea of government support for Wall Street. A total of 700 billion dollars has been sunk into bailouts by the current and former US administrations, including some 170 billion for AIG alone, on the premise that everyone on Main Street will suffer if Wall Street melts down. Money Talks takes a look at the phenomenon of cross-border leasing. It involves complex financial deals with US investors like AIG, once seen as a lifesaver by financially struggling German city councils. But now, with AIG losing its triple A credit rating, sewage and public transport systems, and even schools in German cities are feeling the pinch. Report: Catherine Graue German Companies Learn to Cope With Export Slump As the country’s export economy marks its steepest decline in over 16 years, the mechanical engineering sector too has taken a beating. Exports slumped by over 20 percent in January, compared to last year, as demand for goods from Europe's largest economy continued to fall. Germany has been the world's leading exporter for some years now, but will likely be overtaken by China this year. Money Talks takes a closer look at how a hitherto thriving company has been affected, and how it's coping with the situation. Report: Benjamin Braden Tourism Industry Hopeful Despite Gloomy Outlook More players seek to make use of the world’s leading platform for the travel industry in order to boost business. The world’s biggest travel fair, Berlin’s ITB, took place against the backdrop of a deepening global recession this year. In some sectors of the tourism industry there are clear signs of falling demand as holiday makers and business travellers are increasingly hesitant to spend as they did in the years before. However, at the event which wrapped up last weekend, tourism industry representitives were still optimistic about prospects of riding out the crisis. In fact, some nations have been experiencing a travel boom owing to the the crisis. Report: Hardy Graupner Publishing Industry Braves Global Downturn Continental Europe as a whole is seeing stronger sales since autumn of last year. The Leipzig Book Fair wrapped up in the eastern German city a few days ago, with an increase in visitor numbers and a fairly positive outlook on where the industry is going. During this time of economic crisis, the German language book industry is not doing too badly after all. Report: Jodi Breisler tag:odeo.com,2009-03-17,25344812 Tue, 17 Mar 2009 21:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614035-Old_Money-Talks-Business-News-from-the-Heart-of-Europe On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG Losses The fallout of AIG’s poor performance is being felt as far afield as in Germany. In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer AIG ignite a backlash against the very idea of government support for Wall Street. A total of 700 billion dollars has been sunk into bailouts by the current and former US administrations, including some 170 billion for AIG alone, on the premise that everyone on Main Street will suffer if Wall Street melts down. Money Talks takes a look at the phenomenon of cross-border leasing. It involves complex financial deals with US investors like AIG, once seen as a lifesaver by financially struggling Ger... On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG Losses The fallout of AIG’s poor performance is being felt as far afield as in Germany. In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer AIG ignite a backlash against the very idea of government support for Wall Street. A total of 700 billion dollars has been sunk into bailouts by the current and former US administrations, including some 170 billion for AIG alone, on the premise that everyone on Main Street will suffer if Wall Street melts down. Money Talks takes a look at the phenomenon of cross-border leasing. It involves complex financial deals with US investors like AIG, once seen as a lifesaver by financially struggling German city councils. But now, with AIG losing its triple A credit rating, sewage and public transport systems, and even schools in German cities are feeling the pinch. Report: Catherine Graue German Companies Learn to Cope With Export Slump As the country’s export economy marks its steepest decline in over 16 years, the mechanical engineering sector too has taken a beating. Exports slumped by over 20 percent in January, compared to last year, as demand for goods from Europe's largest economy continued to fall. Germany has been the world's leading exporter for some years now, but will likely be overtaken by China this year. Money Talks takes a closer look at how a hitherto thriving company has been affected, and how it's coping with the situation. Report: Benjamin Braden Tourism Industry Hopeful Despite Gloomy Outlook More players seek to make use of the world’s leading platform for the travel industry in order to boost business. The world’s biggest travel fair, Berlin’s ITB, took place against the backdrop of a deepening global recession this year. In some sectors of the tourism industry there are clear signs of falling demand as holiday makers and business travellers are increasingly hesitant to spend as they did in the years before. However, at the event which wrapped up last weekend, tourism industry representitives were still optimistic about prospects of riding out the crisis. In fact, some nations have been experiencing a travel boom owing to the the crisis. Report: Hardy Graupner Publishing Industry Braves Global Downturn Continental Europe as a whole is seeing stronger sales since autumn of last year. The Leipzig Book Fair wrapped up in the eastern German city a few days ago, with an increase in visitor numbers and a fairly positive outlook on where the industry is going. During this time of economic crisis, the German language book industry is not doing too badly after all. Report: Jodi Breisler On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG Losses The fallout of AIG’s poor performance is being felt as far afield as in Germany. In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer AIG ignite a backlash against the very idea of government support for Wall Street. A total of 700 billion dollars has been sunk into bailouts by the current and former US administrations, including some 170 billion for AIG alone, on the premise that everyone on Main Street will suffer if Wall Street melts down. Money Talks takes a look at the phenomenon of cross-border leasing. It involves complex financial deals with US investors like AIG, once seen as a lifesaver by financially struggling German city councils. But now, with AIG losing its triple A credit rating, sewage and public transport systems, and even schools in German cities are feeling the pinch. Report: Catherine Graue German Companies Learn to Cope With Export Slump As the country’s export economy marks its steepest decline in over 16 years, the mechanical engineering sector too has taken a beating. Exports slumped by over 20 percent in January, compared to last year, as demand for goods from Europe's largest economy continued to fall. Germany has been the world's leading exporter for some years now, but will likely be overtaken by China this year. Money Talks takes a closer look at how a hitherto thriving company has been affected, and how it's coping with the situation. Report: Benjamin Braden Tourism Industry Hopeful Despite Gloomy Outlook More players seek to make use of the world’s leading platform for the travel industry in order to boost business. The world’s biggest travel fair, Berlin’s ITB, took place against the backdrop of a deepening global recession this year. In some sectors of the tourism industry there are clear signs of falling demand as holiday makers and business travellers are increasingly hesitant to spend as they did in the years before. However, at the event which wrapped up last weekend, tourism industry representitives were still optimistic about prospects of riding out the crisis. In fact, some nations have been experiencing a travel boom owing to the the crisis. Report: Hardy Graupner Publishing Industry Braves Global Downturn Continental Europe as a whole is seeing stronger sales since autumn of last year. The Leipzig Book Fair wrapped up in the eastern German city a few days ago, with an increase in visitor numbers and a fairly positive outlook on where the industry is going. During this time of economic crisis, the German language book industry is not doing too badly after all. Report: Jodi Breisler tag:odeo.com,2009-03-17,24614035 Tue, 17 Mar 2009 20:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24321489-Money-Talks-Business-News-from-the-Heart-of-Europe On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG Losses The fallout of AIG’s poor performance is being felt as far afield as in Germany. In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer AIG ignite a backlash against the very idea of government support for Wall Street. A total of 700 billion dollars has been sunk into bailouts by the current and former US administrations, including some 170 billion for AIG alone, on the premise that everyone on Main Street will suffer if Wall Street melts down. Money Talks takes a look at the phenomenon of cross-border leasing. It involves complex financial deals with US investors like AIG, once seen as a lifesaver by financially struggling Ger... On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG Losses The fallout of AIG’s poor performance is being felt as far afield as in Germany. In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer AIG ignite a backlash against the very idea of government support for Wall Street. A total of 700 billion dollars has been sunk into bailouts by the current and former US administrations, including some 170 billion for AIG alone, on the premise that everyone on Main Street will suffer if Wall Street melts down. Money Talks takes a look at the phenomenon of cross-border leasing. It involves complex financial deals with US investors like AIG, once seen as a lifesaver by financially struggling German city councils. But now, with AIG losing its triple A credit rating, sewage and public transport systems, and even schools in German cities are feeling the pinch. Report: Catherine Graue German Companies Learn to Cope With Export Slump As the country’s export economy marks its steepest decline in over 16 years, the mechanical engineering sector too has taken a beating. Exports slumped by over 20 percent in January, compared to last year, as demand for goods from Europe's largest economy continued to fall. Germany has been the world's leading exporter for some years now, but will likely be overtaken by China this year. Money Talks takes a closer look at how a hitherto thriving company has been affected, and how it's coping with the situation. Report: Benjamin Braden Tourism Industry Hopeful Despite Gloomy Outlook More players seek to make use of the world’s leading platform for the travel industry in order to boost business. The world’s biggest travel fair, Berlin’s ITB, took place against the backdrop of a deepening global recession this year. In some sectors of the tourism industry there are clear signs of falling demand as holiday makers and business travellers are increasingly hesitant to spend as they did in the years before. However, at the event which wrapped up last weekend, tourism industry representitives were still optimistic about prospects of riding out the crisis. In fact, some nations have been experiencing a travel boom owing to the the crisis. Report: Hardy Graupner Publishing Industry Braves Global Downturn Continental Europe as a whole is seeing stronger sales since autumn of last year. The Leipzig Book Fair wrapped up in the eastern German city a few days ago, with an increase in visitor numbers and a fairly positive outlook on where the industry is going. During this time of economic crisis, the German language book industry is not doing too badly after all. Report: Jodi Breisler On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG Losses The fallout of AIG’s poor performance is being felt as far afield as in Germany. In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer AIG ignite a backlash against the very idea of government support for Wall Street. A total of 700 billion dollars has been sunk into bailouts by the current and former US administrations, including some 170 billion for AIG alone, on the premise that everyone on Main Street will suffer if Wall Street melts down. Money Talks takes a look at the phenomenon of cross-border leasing. It involves complex financial deals with US investors like AIG, once seen as a lifesaver by financially struggling German city councils. But now, with AIG losing its triple A credit rating, sewage and public transport systems, and even schools in German cities are feeling the pinch. Report: Catherine Graue German Companies Learn to Cope With Export Slump As the country’s export economy marks its steepest decline in over 16 years, the mechanical engineering sector too has taken a beating. Exports slumped by over 20 percent in January, compared to last year, as demand for goods from Europe's largest economy continued to fall. Germany has been the world's leading exporter for some years now, but will likely be overtaken by China this year. Money Talks takes a closer look at how a hitherto thriving company has been affected, and how it's coping with the situation. Report: Benjamin Braden Tourism Industry Hopeful Despite Gloomy Outlook More players seek to make use of the world’s leading platform for the travel industry in order to boost business. The world’s biggest travel fair, Berlin’s ITB, took place against the backdrop of a deepening global recession this year. In some sectors of the tourism industry there are clear signs of falling demand as holiday makers and business travellers are increasingly hesitant to spend as they did in the years before. However, at the event which wrapped up last weekend, tourism industry representitives were still optimistic about prospects of riding out the crisis. In fact, some nations have been experiencing a travel boom owing to the the crisis. Report: Hardy Graupner Publishing Industry Braves Global Downturn Continental Europe as a whole is seeing stronger sales since autumn of last year. The Leipzig Book Fair wrapped up in the eastern German city a few days ago, with an increase in visitor numbers and a fairly positive outlook on where the industry is going. During this time of economic crisis, the German language book industry is not doing too badly after all. Report: Jodi Breisler tag:odeo.com,2009-03-17,24321489 Tue, 17 Mar 2009 20:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/25344813-Old_Money-Talks-Business-News-from-the-Heart-of-Europe On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens Blacklist Swiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens. As the world slips into recession, governments are struggling to find the cash to put together stimulus packages to restart their flagging economies. Tax revenue is the only way to pay for these packages, so, naturally, no government wants to lose even a penny in tax. That’s why the United States and the European Union are leading a campaign against tax havens – and top of their list is Switzerland. Report: Imogen Foulkes French Employers Woo Workers to Rural Areas An exodus of young people and an ageing population means many local companies can't find even poorly qualified staff. Unemp... On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens Blacklist Swiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens. As the world slips into recession, governments are struggling to find the cash to put together stimulus packages to restart their flagging economies. Tax revenue is the only way to pay for these packages, so, naturally, no government wants to lose even a penny in tax. That’s why the United States and the European Union are leading a campaign against tax havens – and top of their list is Switzerland. Report: Imogen Foulkes French Employers Woo Workers to Rural Areas An exodus of young people and an ageing population means many local companies can't find even poorly qualified staff. Unemployment figures have seen a dramatic rise in countries across the globe over the last couple of months. And France is no exception. But away from the unemployment blackspots of the car industry and others, some parts of the country literally can't get the staff they need. In the Cantal, a remote rural area of central France known for its cheese and its volcanic mountains, unemployment is under five percent compared to a national average of 8.3 percent. Employers there have mounted a joint operation to try to lure people away from the capital Paris and depressed industrial areas with attractive relocation packages. They’re promising rapid promotion and a better quality of life. Report: Alasdair Sandford Vinyl Records Still Turning a Profit In 2007, six million vinyl records were sold worldwide, twice as many as in the year before. Are vinyl records fossils of the music business with only a handful of people rummaging for them in second-hand record stores? Well, that’s only a tiny part of the story. The truth is that vinyl records are still being produced and sold. And the demand is far from declining. This is also why the legendary singer Diana Ross can be found on new vinyl records: 1,200 copies of her first solo album from 1970 have just been produced on vinyl in the small, northern German town of Diepholz. Money Talks witnesses Ross' rebirth in one of the last record pressing plants in Europe. Report: Benjamin Braden On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens Blacklist Swiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens. As the world slips into recession, governments are struggling to find the cash to put together stimulus packages to restart their flagging economies. Tax revenue is the only way to pay for these packages, so, naturally, no government wants to lose even a penny in tax. That’s why the United States and the European Union are leading a campaign against tax havens – and top of their list is Switzerland. Report: Imogen Foulkes French Employers Woo Workers to Rural Areas An exodus of young people and an ageing population means many local companies can't find even poorly qualified staff. Unemployment figures have seen a dramatic rise in countries across the globe over the last couple of months. And France is no exception. But away from the unemployment blackspots of the car industry and others, some parts of the country literally can't get the staff they need. In the Cantal, a remote rural area of central France known for its cheese and its volcanic mountains, unemployment is under five percent compared to a national average of 8.3 percent. Employers there have mounted a joint operation to try to lure people away from the capital Paris and depressed industrial areas with attractive relocation packages. They’re promising rapid promotion and a better quality of life. Report: Alasdair Sandford Vinyl Records Still Turning a Profit In 2007, six million vinyl records were sold worldwide, twice as many as in the year before. Are vinyl records fossils of the music business with only a handful of people rummaging for them in second-hand record stores? Well, that’s only a tiny part of the story. The truth is that vinyl records are still being produced and sold. And the demand is far from declining. This is also why the legendary singer Diana Ross can be found on new vinyl records: 1,200 copies of her first solo album from 1970 have just been produced on vinyl in the small, northern German town of Diepholz. Money Talks witnesses Ross' rebirth in one of the last record pressing plants in Europe. Report: Benjamin Braden tag:odeo.com,2009-03-10,25344813 Tue, 10 Mar 2009 21:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24286999-Money-Talks-Business-News-from-the-Heart-of-Europe On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens Blacklist Swiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens. As the world slips into recession, governments are struggling to find the cash to put together stimulus packages to restart their flagging economies. Tax revenue is the only way to pay for these packages, so, naturally, no government wants to lose even a penny in tax. That’s why the United States and the European Union are leading a campaign against tax havens – and top of their list is Switzerland. Report: Imogen Foulkes French Employers Woo Workers to Rural Areas An exodus of young people and an ageing population means many local companies can't find even poorly qualified staff. Unemp... On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens Blacklist Swiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens. As the world slips into recession, governments are struggling to find the cash to put together stimulus packages to restart their flagging economies. Tax revenue is the only way to pay for these packages, so, naturally, no government wants to lose even a penny in tax. That’s why the United States and the European Union are leading a campaign against tax havens – and top of their list is Switzerland. Report: Imogen Foulkes French Employers Woo Workers to Rural Areas An exodus of young people and an ageing population means many local companies can't find even poorly qualified staff. Unemployment figures have seen a dramatic rise in countries across the globe over the last couple of months. And France is no exception. But away from the unemployment blackspots of the car industry and others, some parts of the country literally can't get the staff they need. In the Cantal, a remote rural area of central France known for its cheese and its volcanic mountains, unemployment is under five percent compared to a national average of 8.3 percent. Employers there have mounted a joint operation to try to lure people away from the capital Paris and depressed industrial areas with attractive relocation packages. They’re promising rapid promotion and a better quality of life. Report: Alasdair Sandford Vinyl Records Still Turning a Profit In 2007, six million vinyl records were sold worldwide, twice as many as in the year before. Are vinyl records fossils of the music business with only a handful of people rummaging for them in second-hand record stores? Well, that’s only a tiny part of the story. The truth is that vinyl records are still being produced and sold. And the demand is far from declining. This is also why the legendary singer Diana Ross can be found on new vinyl records: 1,200 copies of her first solo album from 1970 have just been produced on vinyl in the small, northern German town of Diepholz. Money Talks witnesses Ross' rebirth in one of the last record pressing plants in Europe. Report: Benjamin Braden On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens Blacklist Swiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens. As the world slips into recession, governments are struggling to find the cash to put together stimulus packages to restart their flagging economies. Tax revenue is the only way to pay for these packages, so, naturally, no government wants to lose even a penny in tax. That’s why the United States and the European Union are leading a campaign against tax havens – and top of their list is Switzerland. Report: Imogen Foulkes French Employers Woo Workers to Rural Areas An exodus of young people and an ageing population means many local companies can't find even poorly qualified staff. Unemployment figures have seen a dramatic rise in countries across the globe over the last couple of months. And France is no exception. But away from the unemployment blackspots of the car industry and others, some parts of the country literally can't get the staff they need. In the Cantal, a remote rural area of central France known for its cheese and its volcanic mountains, unemployment is under five percent compared to a national average of 8.3 percent. Employers there have mounted a joint operation to try to lure people away from the capital Paris and depressed industrial areas with attractive relocation packages. They’re promising rapid promotion and a better quality of life. Report: Alasdair Sandford Vinyl Records Still Turning a Profit In 2007, six million vinyl records were sold worldwide, twice as many as in the year before. Are vinyl records fossils of the music business with only a handful of people rummaging for them in second-hand record stores? Well, that’s only a tiny part of the story. The truth is that vinyl records are still being produced and sold. And the demand is far from declining. This is also why the legendary singer Diana Ross can be found on new vinyl records: 1,200 copies of her first solo album from 1970 have just been produced on vinyl in the small, northern German town of Diepholz. Money Talks witnesses Ross' rebirth in one of the last record pressing plants in Europe. Report: Benjamin Braden tag:odeo.com,2009-03-10,24286999 Tue, 10 Mar 2009 20:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614036-Old_Money-Talks-Business-News-from-the-Heart-of-Europe On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens Blacklist Swiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens. As the world slips into recession, governments are struggling to find the cash to put together stimulus packages to restart their flagging economies. Tax revenue is the only way to pay for these packages, so, naturally, no government wants to lose even a penny in tax. That’s why the United States and the European Union are leading a campaign against tax havens – and top of their list is Switzerland. Report: Imogen Foulkes French Employers Woo Workers to Rural Areas An exodus of young people and an ageing population means many local companies can't find even poorly qualified staff. Unemp... On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens Blacklist Swiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens. As the world slips into recession, governments are struggling to find the cash to put together stimulus packages to restart their flagging economies. Tax revenue is the only way to pay for these packages, so, naturally, no government wants to lose even a penny in tax. That’s why the United States and the European Union are leading a campaign against tax havens – and top of their list is Switzerland. Report: Imogen Foulkes French Employers Woo Workers to Rural Areas An exodus of young people and an ageing population means many local companies can't find even poorly qualified staff. Unemployment figures have seen a dramatic rise in countries across the globe over the last couple of months. And France is no exception. But away from the unemployment blackspots of the car industry and others, some parts of the country literally can't get the staff they need. In the Cantal, a remote rural area of central France known for its cheese and its volcanic mountains, unemployment is under five percent compared to a national average of 8.3 percent. Employers there have mounted a joint operation to try to lure people away from the capital Paris and depressed industrial areas with attractive relocation packages. They’re promising rapid promotion and a better quality of life. Report: Alasdair Sandford Vinyl Records Still Turning a Profit In 2007, six million vinyl records were sold worldwide, twice as many as in the year before. Are vinyl records fossils of the music business with only a handful of people rummaging for them in second-hand record stores? Well, that’s only a tiny part of the story. The truth is that vinyl records are still being produced and sold. And the demand is far from declining. This is also why the legendary singer Diana Ross can be found on new vinyl records: 1,200 copies of her first solo album from 1970 have just been produced on vinyl in the small, northern German town of Diepholz. Money Talks witnesses Ross' rebirth in one of the last record pressing plants in Europe. Report: Benjamin Braden On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens Blacklist Swiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens. As the world slips into recession, governments are struggling to find the cash to put together stimulus packages to restart their flagging economies. Tax revenue is the only way to pay for these packages, so, naturally, no government wants to lose even a penny in tax. That’s why the United States and the European Union are leading a campaign against tax havens – and top of their list is Switzerland. Report: Imogen Foulkes French Employers Woo Workers to Rural Areas An exodus of young people and an ageing population means many local companies can't find even poorly qualified staff. Unemployment figures have seen a dramatic rise in countries across the globe over the last couple of months. And France is no exception. But away from the unemployment blackspots of the car industry and others, some parts of the country literally can't get the staff they need. In the Cantal, a remote rural area of central France known for its cheese and its volcanic mountains, unemployment is under five percent compared to a national average of 8.3 percent. Employers there have mounted a joint operation to try to lure people away from the capital Paris and depressed industrial areas with attractive relocation packages. They’re promising rapid promotion and a better quality of life. Report: Alasdair Sandford Vinyl Records Still Turning a Profit In 2007, six million vinyl records were sold worldwide, twice as many as in the year before. Are vinyl records fossils of the music business with only a handful of people rummaging for them in second-hand record stores? Well, that’s only a tiny part of the story. The truth is that vinyl records are still being produced and sold. And the demand is far from declining. This is also why the legendary singer Diana Ross can be found on new vinyl records: 1,200 copies of her first solo album from 1970 have just been produced on vinyl in the small, northern German town of Diepholz. Money Talks witnesses Ross' rebirth in one of the last record pressing plants in Europe. Report: Benjamin Braden tag:odeo.com,2009-03-10,24614036 Tue, 10 Mar 2009 20:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24248677-Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: CeBit opens in Hannover -- Exploring the human side of the Opel dilemma -- Working under the table -- For Sale: CarbonCeBit Opens in Hannover The world's largest information and communication technology trade fair has opened its doors to the public. However, with competition from other shows, like the Mobile Congress held last week in Barcelona, and the world in the grips of a recession, how is CeBit holding up? The movers and shakers from the information and communication technology sector have descended on the northern German city of Hannover this week. The CeBit trade fair is underway – a seven day exhibition showcasing the cutting edge of ICT, whether it’s offerings from major multinationals, small startups, or even research institutes working primarily for love, not money. But because of the global financial crisis the trade fair has a very different look this year. Report: Mark Hallam Fate of Opel Shakes up Workers German automaker Opel is on its last... This week on Money Talks: CeBit opens in Hannover -- Exploring the human side of the Opel dilemma -- Working under the table -- For Sale: CarbonCeBit Opens in Hannover The world's largest information and communication technology trade fair has opened its doors to the public. However, with competition from other shows, like the Mobile Congress held last week in Barcelona, and the world in the grips of a recession, how is CeBit holding up? The movers and shakers from the information and communication technology sector have descended on the northern German city of Hannover this week. The CeBit trade fair is underway – a seven day exhibition showcasing the cutting edge of ICT, whether it’s offerings from major multinationals, small startups, or even research institutes working primarily for love, not money. But because of the global financial crisis the trade fair has a very different look this year. Report: Mark Hallam Fate of Opel Shakes up Workers German automaker Opel is on its last leg. Without a serious injection of funds from a private investor or European government, the company will go under, taking the jobs of 26,000 Germans with it. A textbook case of a Catch 22 has unfolded in Germany this past week – as struggling carmaker, Opel, turned to the federal government seeking financial assistance. Its deeply troubled parent company, General Motors, announced last Friday that it would allow Opel to cut much of its ties and let outside investors take a controlling interest in it. GM has also announced it is open to other governments buying into the company, with Spain and Great Britain showing interest. But what are those people, who’s very lives hang in the balance as they wait for a decision from Berlin and beyond, feeling right now? Money Talks visits the town of Rüsselsheim, home of Opel’s headquarters, to find out. Report: Catherine Graue Working Under the Table Paying taxes is never fun, especially during a recession. But there are a number of people in Germany -- from handymen to housekeepers – who have managed to get around that little problem, and it's costing the German government dearly. According to a new study done by the Cologne-based Economic Research Institute (IW), almost one in every three Germans spent an average of 1,000 euros ($1270) on what is known as Schwarzarbeit, or work without paying taxes, in 2007. In addition to that, the study also says every 5th German works illegally at least 6.5 hours a week at an average of 10 euros per hour. And despite various attempts to reform the labor market, it doesn't look like that's going to change. Report: Steffen Marquardt Carbon For Sale! Since 2005, companies operating in the European Union have emissions permits which basically allow them to pollute – within reason. Due to the recession, many businesses have discovered they've had to cut production and no longer need to hold on to their permits. The EU Emissions Trading Scheme, now in its second phase, was designed to offset the emissions of key ‘polluter’ companies across Europe by allocating restricted amounts of emissions permits. In recent months however, up to one billion euros ($1.27 billion) worth of these ‘permits to pollute’ are said to have been sold off, with great repercussions for the carbon market. Report: Sarah Stolarz This week on Money Talks: CeBit opens in Hannover -- Exploring the human side of the Opel dilemma -- Working under the table -- For Sale: CarbonCeBit Opens in Hannover The world's largest information and communication technology trade fair has opened its doors to the public. However, with competition from other shows, like the Mobile Congress held last week in Barcelona, and the world in the grips of a recession, how is CeBit holding up? The movers and shakers from the information and communication technology sector have descended on the northern German city of Hannover this week. The CeBit trade fair is underway – a seven day exhibition showcasing the cutting edge of ICT, whether it’s offerings from major multinationals, small startups, or even research institutes working primarily for love, not money. But because of the global financial crisis the trade fair has a very different look this year. Report: Mark Hallam Fate of Opel Shakes up Workers German automaker Opel is on its last leg. Without a serious injection of funds from a private investor or European government, the company will go under, taking the jobs of 26,000 Germans with it. A textbook case of a Catch 22 has unfolded in Germany this past week – as struggling carmaker, Opel, turned to the federal government seeking financial assistance. Its deeply troubled parent company, General Motors, announced last Friday that it would allow Opel to cut much of its ties and let outside investors take a controlling interest in it. GM has also announced it is open to other governments buying into the company, with Spain and Great Britain showing interest. But what are those people, who’s very lives hang in the balance as they wait for a decision from Berlin and beyond, feeling right now? Money Talks visits the town of Rüsselsheim, home of Opel’s headquarters, to find out. Report: Catherine Graue Working Under the Table Paying taxes is never fun, especially during a recession. But there are a number of people in Germany -- from handymen to housekeepers – who have managed to get around that little problem, and it's costing the German government dearly. According to a new study done by the Cologne-based Economic Research Institute (IW), almost one in every three Germans spent an average of 1,000 euros ($1270) on what is known as Schwarzarbeit, or work without paying taxes, in 2007. In addition to that, the study also says every 5th German works illegally at least 6.5 hours a week at an average of 10 euros per hour. And despite various attempts to reform the labor market, it doesn't look like that's going to change. Report: Steffen Marquardt Carbon For Sale! Since 2005, companies operating in the European Union have emissions permits which basically allow them to pollute – within reason. Due to the recession, many businesses have discovered they've had to cut production and no longer need to hold on to their permits. The EU Emissions Trading Scheme, now in its second phase, was designed to offset the emissions of key ‘polluter’ companies across Europe by allocating restricted amounts of emissions permits. In recent months however, up to one billion euros ($1.27 billion) worth of these ‘permits to pollute’ are said to have been sold off, with great repercussions for the carbon market. Report: Sarah Stolarz tag:odeo.com,2009-03-03,24248677 Tue, 03 Mar 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614037-Old_Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: CeBit opens in Hannover -- Exploring the human side of the Opel dilemma -- Working under the table -- For Sale: CarbonCeBit Opens in Hannover The world's largest information and communication technology trade fair has opened its doors to the public. However, with competition from other shows, like the Mobile Congress held last week in Barcelona, and the world in the grips of a recession, how is CeBit holding up? The movers and shakers from the information and communication technology sector have descended on the northern German city of Hannover this week. The CeBit trade fair is underway – a seven day exhibition showcasing the cutting edge of ICT, whether it’s offerings from major multinationals, small startups, or even research institutes working primarily for love, not money. But because of the global financial crisis the trade fair has a very different look this year. Report: Mark Hallam Fate of Opel Shakes up Workers German automaker Opel is on its last... This week on Money Talks: CeBit opens in Hannover -- Exploring the human side of the Opel dilemma -- Working under the table -- For Sale: CarbonCeBit Opens in Hannover The world's largest information and communication technology trade fair has opened its doors to the public. However, with competition from other shows, like the Mobile Congress held last week in Barcelona, and the world in the grips of a recession, how is CeBit holding up? The movers and shakers from the information and communication technology sector have descended on the northern German city of Hannover this week. The CeBit trade fair is underway – a seven day exhibition showcasing the cutting edge of ICT, whether it’s offerings from major multinationals, small startups, or even research institutes working primarily for love, not money. But because of the global financial crisis the trade fair has a very different look this year. Report: Mark Hallam Fate of Opel Shakes up Workers German automaker Opel is on its last leg. Without a serious injection of funds from a private investor or European government, the company will go under, taking the jobs of 26,000 Germans with it. A textbook case of a Catch 22 has unfolded in Germany this past week – as struggling carmaker, Opel, turned to the federal government seeking financial assistance. Its deeply troubled parent company, General Motors, announced last Friday that it would allow Opel to cut much of its ties and let outside investors take a controlling interest in it. GM has also announced it is open to other governments buying into the company, with Spain and Great Britain showing interest. But what are those people, who’s very lives hang in the balance as they wait for a decision from Berlin and beyond, feeling right now? Money Talks visits the town of Rüsselsheim, home of Opel’s headquarters, to find out. Report: Catherine Graue Working Under the Table Paying taxes is never fun, especially during a recession. But there are a number of people in Germany -- from handymen to housekeepers – who have managed to get around that little problem, and it's costing the German government dearly. According to a new study done by the Cologne-based Economic Research Institute (IW), almost one in every three Germans spent an average of 1,000 euros ($1270) on what is known as Schwarzarbeit, or work without paying taxes, in 2007. In addition to that, the study also says every 5th German works illegally at least 6.5 hours a week at an average of 10 euros per hour. And despite various attempts to reform the labor market, it doesn't look like that's going to change. Report: Steffen Marquardt Carbon For Sale! Since 2005, companies operating in the European Union have emissions permits which basically allow them to pollute – within reason. Due to the recession, many businesses have discovered they've had to cut production and no longer need to hold on to their permits. The EU Emissions Trading Scheme, now in its second phase, was designed to offset the emissions of key ‘polluter’ companies across Europe by allocating restricted amounts of emissions permits. In recent months however, up to one billion euros ($1.27 billion) worth of these ‘permits to pollute’ are said to have been sold off, with great repercussions for the carbon market. Report: Sarah Stolarz This week on Money Talks: CeBit opens in Hannover -- Exploring the human side of the Opel dilemma -- Working under the table -- For Sale: CarbonCeBit Opens in Hannover The world's largest information and communication technology trade fair has opened its doors to the public. However, with competition from other shows, like the Mobile Congress held last week in Barcelona, and the world in the grips of a recession, how is CeBit holding up? The movers and shakers from the information and communication technology sector have descended on the northern German city of Hannover this week. The CeBit trade fair is underway – a seven day exhibition showcasing the cutting edge of ICT, whether it’s offerings from major multinationals, small startups, or even research institutes working primarily for love, not money. But because of the global financial crisis the trade fair has a very different look this year. Report: Mark Hallam Fate of Opel Shakes up Workers German automaker Opel is on its last leg. Without a serious injection of funds from a private investor or European government, the company will go under, taking the jobs of 26,000 Germans with it. A textbook case of a Catch 22 has unfolded in Germany this past week – as struggling carmaker, Opel, turned to the federal government seeking financial assistance. Its deeply troubled parent company, General Motors, announced last Friday that it would allow Opel to cut much of its ties and let outside investors take a controlling interest in it. GM has also announced it is open to other governments buying into the company, with Spain and Great Britain showing interest. But what are those people, who’s very lives hang in the balance as they wait for a decision from Berlin and beyond, feeling right now? Money Talks visits the town of Rüsselsheim, home of Opel’s headquarters, to find out. Report: Catherine Graue Working Under the Table Paying taxes is never fun, especially during a recession. But there are a number of people in Germany -- from handymen to housekeepers – who have managed to get around that little problem, and it's costing the German government dearly. According to a new study done by the Cologne-based Economic Research Institute (IW), almost one in every three Germans spent an average of 1,000 euros ($1270) on what is known as Schwarzarbeit, or work without paying taxes, in 2007. In addition to that, the study also says every 5th German works illegally at least 6.5 hours a week at an average of 10 euros per hour. And despite various attempts to reform the labor market, it doesn't look like that's going to change. Report: Steffen Marquardt Carbon For Sale! Since 2005, companies operating in the European Union have emissions permits which basically allow them to pollute – within reason. Due to the recession, many businesses have discovered they've had to cut production and no longer need to hold on to their permits. The EU Emissions Trading Scheme, now in its second phase, was designed to offset the emissions of key ‘polluter’ companies across Europe by allocating restricted amounts of emissions permits. In recent months however, up to one billion euros ($1.27 billion) worth of these ‘permits to pollute’ are said to have been sold off, with great repercussions for the carbon market. Report: Sarah Stolarz tag:odeo.com,2009-03-03,24614037 Tue, 03 Mar 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24201997-Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: Opel seeks a bailout -- Mobile Congress in Barcelona -- The recession-proof slopes -- A beginner’s guide to starting your own business.Opel Seeks Government Aid The auto manufacturer needs at least 3.3 billion euros ($4.2 billion) if it hopes to even stay afloat, but not everyone is convinced that the German government should bail them out. It's no secret that German auto maker Opel has been hit hard by the global credit crunch. But now it's become especially dire for company, which employs around 25,000 people in Germany. Parent company General Motors claims it's doing what it can, but it has its own problems. The German government has offered some assistance, and has told Opel it has until Friday to present a viable business plan if it expects state aid - without which the company will go bankrupt by May or June say some experts. But what form should the aid come in: an outright loan or a government buy in? Interview: Mark Mattox Mobile Congress Hits Barc... This week on Money Talks: Opel seeks a bailout -- Mobile Congress in Barcelona -- The recession-proof slopes -- A beginner’s guide to starting your own business.Opel Seeks Government Aid The auto manufacturer needs at least 3.3 billion euros ($4.2 billion) if it hopes to even stay afloat, but not everyone is convinced that the German government should bail them out. It's no secret that German auto maker Opel has been hit hard by the global credit crunch. But now it's become especially dire for company, which employs around 25,000 people in Germany. Parent company General Motors claims it's doing what it can, but it has its own problems. The German government has offered some assistance, and has told Opel it has until Friday to present a viable business plan if it expects state aid - without which the company will go bankrupt by May or June say some experts. But what form should the aid come in: an outright loan or a government buy in? Interview: Mark Mattox Mobile Congress Hits Barcelona The mobile phone industry gathered in Spain last week to show of their wares and try and prove that their able to roll with the economic times. It's that time of year when geeks rule - at least when it comes to trade fairs. The three biggest computing and technology shows happen ever year around this time. They started last month in Las Vegas with the Consumer Electronics Show, and the fun continues next week at CeBit in Hanover, Germany. But right now all eyes have been on the Mobile World Congress in Barcelona, Spain, which has eclipsed CeBit as the go-to spot for mobile phone fanatics. There were 47,000 participants, including major company CEOs, software developers, and other industry insiders. On display were the latest gadgets and technological wizardry. But has the grim economic times put a damper on the party? Report: Jerome Socolovsky Ski Industry Defies Recession The world has been hit by global warming and a recession, so why’s the ski industry doing so well? Not every industry is doing poorly as a result of the global recession. The ski industry – or at least the European part of it – seems to be doing all right. Unlike American resorts, which have been feeling the crunch since November, European resorts seem to be holding up well this season. And that's no different here in Germany. Although many experts warn that this could be the worst financial crisis the country has seen since 1931, early snow and generally good weather has, for the most part kept the local skiers coming. Report: Emily Schwing Building Your Own Business Is starting your own business in these tough economic times really such a good idea? Well one German group seems to think so. The thought of starting your own business is probably pretty daunting to many people in the best of economic times, and to consider doing it these days could be consider the act of insanity. But if you happen to be one of the thousands of people who have lost their jobs in the last five months, perhaps you should consider doing just that. And if you live in Germany and are relatively young, there's an entire organization willing to help you on your way. Report: Steffen Marquardt This week on Money Talks: Opel seeks a bailout -- Mobile Congress in Barcelona -- The recession-proof slopes -- A beginner’s guide to starting your own business.Opel Seeks Government Aid The auto manufacturer needs at least 3.3 billion euros ($4.2 billion) if it hopes to even stay afloat, but not everyone is convinced that the German government should bail them out. It's no secret that German auto maker Opel has been hit hard by the global credit crunch. But now it's become especially dire for company, which employs around 25,000 people in Germany. Parent company General Motors claims it's doing what it can, but it has its own problems. The German government has offered some assistance, and has told Opel it has until Friday to present a viable business plan if it expects state aid - without which the company will go bankrupt by May or June say some experts. But what form should the aid come in: an outright loan or a government buy in? Interview: Mark Mattox Mobile Congress Hits Barcelona The mobile phone industry gathered in Spain last week to show of their wares and try and prove that their able to roll with the economic times. It's that time of year when geeks rule - at least when it comes to trade fairs. The three biggest computing and technology shows happen ever year around this time. They started last month in Las Vegas with the Consumer Electronics Show, and the fun continues next week at CeBit in Hanover, Germany. But right now all eyes have been on the Mobile World Congress in Barcelona, Spain, which has eclipsed CeBit as the go-to spot for mobile phone fanatics. There were 47,000 participants, including major company CEOs, software developers, and other industry insiders. On display were the latest gadgets and technological wizardry. But has the grim economic times put a damper on the party? Report: Jerome Socolovsky Ski Industry Defies Recession The world has been hit by global warming and a recession, so why’s the ski industry doing so well? Not every industry is doing poorly as a result of the global recession. The ski industry – or at least the European part of it – seems to be doing all right. Unlike American resorts, which have been feeling the crunch since November, European resorts seem to be holding up well this season. And that's no different here in Germany. Although many experts warn that this could be the worst financial crisis the country has seen since 1931, early snow and generally good weather has, for the most part kept the local skiers coming. Report: Emily Schwing Building Your Own Business Is starting your own business in these tough economic times really such a good idea? Well one German group seems to think so. The thought of starting your own business is probably pretty daunting to many people in the best of economic times, and to consider doing it these days could be consider the act of insanity. But if you happen to be one of the thousands of people who have lost their jobs in the last five months, perhaps you should consider doing just that. And if you live in Germany and are relatively young, there's an entire organization willing to help you on your way. Report: Steffen Marquardt tag:odeo.com,2009-02-24,24201997 Tue, 24 Feb 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614039-Old_Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: Opel seeks a bailout -- Mobile Congress in Barcelona -- The recession-proof slopes -- A beginner’s guide to starting your own business.Opel Seeks Government Aid The auto manufacturer needs at least 3.3 billion euros ($4.2 billion) if it hopes to even stay afloat, but not everyone is convinced that the German government should bail them out. It's no secret that German auto maker Opel has been hit hard by the global credit crunch. But now it's become especially dire for company, which employs around 25,000 people in Germany. Parent company General Motors claims it's doing what it can, but it has its own problems. The German government has offered some assistance, and has told Opel it has until Friday to present a viable business plan if it expects state aid - without which the company will go bankrupt by May or June say some experts. But what form should the aid come in: an outright loan or a government buy in? Interview: Mark Mattox Mobile Congress Hits Barc... This week on Money Talks: Opel seeks a bailout -- Mobile Congress in Barcelona -- The recession-proof slopes -- A beginner’s guide to starting your own business.Opel Seeks Government Aid The auto manufacturer needs at least 3.3 billion euros ($4.2 billion) if it hopes to even stay afloat, but not everyone is convinced that the German government should bail them out. It's no secret that German auto maker Opel has been hit hard by the global credit crunch. But now it's become especially dire for company, which employs around 25,000 people in Germany. Parent company General Motors claims it's doing what it can, but it has its own problems. The German government has offered some assistance, and has told Opel it has until Friday to present a viable business plan if it expects state aid - without which the company will go bankrupt by May or June say some experts. But what form should the aid come in: an outright loan or a government buy in? Interview: Mark Mattox Mobile Congress Hits Barcelona The mobile phone industry gathered in Spain last week to show of their wares and try and prove that their able to roll with the economic times. It's that time of year when geeks rule - at least when it comes to trade fairs. The three biggest computing and technology shows happen ever year around this time. They started last month in Las Vegas with the Consumer Electronics Show, and the fun continues next week at CeBit in Hanover, Germany. But right now all eyes have been on the Mobile World Congress in Barcelona, Spain, which has eclipsed CeBit as the go-to spot for mobile phone fanatics. There were 47,000 participants, including major company CEOs, software developers, and other industry insiders. On display were the latest gadgets and technological wizardry. But has the grim economic times put a damper on the party? Report: Jerome Socolovsky Ski Industry Defies Recession The world has been hit by global warming and a recession, so why’s the ski industry doing so well? Not every industry is doing poorly as a result of the global recession. The ski industry – or at least the European part of it – seems to be doing all right. Unlike American resorts, which have been feeling the crunch since November, European resorts seem to be holding up well this season. And that's no different here in Germany. Although many experts warn that this could be the worst financial crisis the country has seen since 1931, early snow and generally good weather has, for the most part kept the local skiers coming. Report: Emily Schwing Building Your Own Business Is starting your own business in these tough economic times really such a good idea? Well one German group seems to think so. The thought of starting your own business is probably pretty daunting to many people in the best of economic times, and to consider doing it these days could be consider the act of insanity. But if you happen to be one of the thousands of people who have lost their jobs in the last five months, perhaps you should consider doing just that. And if you live in Germany and are relatively young, there's an entire organization willing to help you on your way. Report: Steffen Marquardt This week on Money Talks: Opel seeks a bailout -- Mobile Congress in Barcelona -- The recession-proof slopes -- A beginner’s guide to starting your own business.Opel Seeks Government Aid The auto manufacturer needs at least 3.3 billion euros ($4.2 billion) if it hopes to even stay afloat, but not everyone is convinced that the German government should bail them out. It's no secret that German auto maker Opel has been hit hard by the global credit crunch. But now it's become especially dire for company, which employs around 25,000 people in Germany. Parent company General Motors claims it's doing what it can, but it has its own problems. The German government has offered some assistance, and has told Opel it has until Friday to present a viable business plan if it expects state aid - without which the company will go bankrupt by May or June say some experts. But what form should the aid come in: an outright loan or a government buy in? Interview: Mark Mattox Mobile Congress Hits Barcelona The mobile phone industry gathered in Spain last week to show of their wares and try and prove that their able to roll with the economic times. It's that time of year when geeks rule - at least when it comes to trade fairs. The three biggest computing and technology shows happen ever year around this time. They started last month in Las Vegas with the Consumer Electronics Show, and the fun continues next week at CeBit in Hanover, Germany. But right now all eyes have been on the Mobile World Congress in Barcelona, Spain, which has eclipsed CeBit as the go-to spot for mobile phone fanatics. There were 47,000 participants, including major company CEOs, software developers, and other industry insiders. On display were the latest gadgets and technological wizardry. But has the grim economic times put a damper on the party? Report: Jerome Socolovsky Ski Industry Defies Recession The world has been hit by global warming and a recession, so why’s the ski industry doing so well? Not every industry is doing poorly as a result of the global recession. The ski industry – or at least the European part of it – seems to be doing all right. Unlike American resorts, which have been feeling the crunch since November, European resorts seem to be holding up well this season. And that's no different here in Germany. Although many experts warn that this could be the worst financial crisis the country has seen since 1931, early snow and generally good weather has, for the most part kept the local skiers coming. Report: Emily Schwing Building Your Own Business Is starting your own business in these tough economic times really such a good idea? Well one German group seems to think so. The thought of starting your own business is probably pretty daunting to many people in the best of economic times, and to consider doing it these days could be consider the act of insanity. But if you happen to be one of the thousands of people who have lost their jobs in the last five months, perhaps you should consider doing just that. And if you live in Germany and are relatively young, there's an entire organization willing to help you on your way. Report: Steffen Marquardt tag:odeo.com,2009-02-24,24614039 Tue, 24 Feb 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614040-Old_Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: German auto giants could join forces – Recession-proof in Eastern Europe – Art and artists face the recession.BMW and Daimler to Share Technology The auto industry has been badly damaged by the global recession, especially the makers of luxury cars BMW and Mercedes-Benz. But could more cooperation between the two German giants really be the answer? It has been said that necessity is the mother of all invention, and it seems the global recession could mean that it's necessary for two the German auto giants and competitors, Daimler and BMW, to join forces. They are already working together on hybrid technology, but now it seems that could be extended to the rest of their line of luxury cars. The credit crunch has severely damaged the auto industry, and car makers in Germany are no exception. Interview: Mark Mattox Daimler Maintains Commitment to Building Plant in Hungary One way in which German auto maker Daimler is hoping to get through the global recession ... This week on Money Talks: German auto giants could join forces – Recession-proof in Eastern Europe – Art and artists face the recession.BMW and Daimler to Share Technology The auto industry has been badly damaged by the global recession, especially the makers of luxury cars BMW and Mercedes-Benz. But could more cooperation between the two German giants really be the answer? It has been said that necessity is the mother of all invention, and it seems the global recession could mean that it's necessary for two the German auto giants and competitors, Daimler and BMW, to join forces. They are already working together on hybrid technology, but now it seems that could be extended to the rest of their line of luxury cars. The credit crunch has severely damaged the auto industry, and car makers in Germany are no exception. Interview: Mark Mattox Daimler Maintains Commitment to Building Plant in Hungary One way in which German auto maker Daimler is hoping to get through the global recession is by building more small, eco-friendly vehicles. But to do that, they have to invest 800 million euros in a new plant in Hungary. When the global financial system broke down last fall, Hungary was the worst hit of all the 27 countries in the European Union. Now, with an economy that’s dependent on large-scale foreign direct investment for much of its growth, Hungary is trying to survive cutbacks in factories that produce everything from ladies’ lingerie to automobiles. But German carmaker Daimler confirms that it’s sticking to plans to invest 800 million Euros in a brand new Mercedes-Benz factory. The agreement was signed in the Hungarian Parliament, on October 27th last year, a day before Hungary also received an emergency loan package worth $25.1 billion from the IMF, World Bank and EU. For Hungary, this is the single largest investment in a new plant by a foreign company ever. Report: Jo-Anne Velin Recession Exceptions in Eastern Europe It's no secret that the most heavily damaged countries in Europe lie in the east, but despite an overall grim outlook, there are a few pockets where the recession hasn't quite taken hold. The global economic crisis continues to wreak havoc across Europe. Among the countries hardest hit thus far have been the emerging economies of Eastern Europe. Budget deficits in Bulgaria, Hungary, and Romania, for example, are soaring, access to credit is drying and some are beginning to fear wholesale capital flight. Still, amid the unease, there are regions bucking the negative trend. Report: Matt Hermann Art Industry Suffers Through Recession When faced with a recession and dwindling finances, many people resort to selling things of value, like art. But since the art industry has been just as heavily damaged as the rest of the economy, there isn't much hope in a big sale saving the day. The Spanish capital has been hosting ‘ARCO Madrid’, one of Europe’s biggest contemporary art fairs. More than two hundred galleries from all over the world have been exhibiting works, including contemporary paintings, photos and sculpture in the hope of making some big sales. But the international art market is feeling the world’s financial crisis like any other industry. Sales at big auction houses like Sotheby's and Christie's are down by up to 50 percent. Report: Danny Wood This week on Money Talks: German auto giants could join forces – Recession-proof in Eastern Europe – Art and artists face the recession.BMW and Daimler to Share Technology The auto industry has been badly damaged by the global recession, especially the makers of luxury cars BMW and Mercedes-Benz. But could more cooperation between the two German giants really be the answer? It has been said that necessity is the mother of all invention, and it seems the global recession could mean that it's necessary for two the German auto giants and competitors, Daimler and BMW, to join forces. They are already working together on hybrid technology, but now it seems that could be extended to the rest of their line of luxury cars. The credit crunch has severely damaged the auto industry, and car makers in Germany are no exception. Interview: Mark Mattox Daimler Maintains Commitment to Building Plant in Hungary One way in which German auto maker Daimler is hoping to get through the global recession is by building more small, eco-friendly vehicles. But to do that, they have to invest 800 million euros in a new plant in Hungary. When the global financial system broke down last fall, Hungary was the worst hit of all the 27 countries in the European Union. Now, with an economy that’s dependent on large-scale foreign direct investment for much of its growth, Hungary is trying to survive cutbacks in factories that produce everything from ladies’ lingerie to automobiles. But German carmaker Daimler confirms that it’s sticking to plans to invest 800 million Euros in a brand new Mercedes-Benz factory. The agreement was signed in the Hungarian Parliament, on October 27th last year, a day before Hungary also received an emergency loan package worth $25.1 billion from the IMF, World Bank and EU. For Hungary, this is the single largest investment in a new plant by a foreign company ever. Report: Jo-Anne Velin Recession Exceptions in Eastern Europe It's no secret that the most heavily damaged countries in Europe lie in the east, but despite an overall grim outlook, there are a few pockets where the recession hasn't quite taken hold. The global economic crisis continues to wreak havoc across Europe. Among the countries hardest hit thus far have been the emerging economies of Eastern Europe. Budget deficits in Bulgaria, Hungary, and Romania, for example, are soaring, access to credit is drying and some are beginning to fear wholesale capital flight. Still, amid the unease, there are regions bucking the negative trend. Report: Matt Hermann Art Industry Suffers Through Recession When faced with a recession and dwindling finances, many people resort to selling things of value, like art. But since the art industry has been just as heavily damaged as the rest of the economy, there isn't much hope in a big sale saving the day. The Spanish capital has been hosting ‘ARCO Madrid’, one of Europe’s biggest contemporary art fairs. More than two hundred galleries from all over the world have been exhibiting works, including contemporary paintings, photos and sculpture in the hope of making some big sales. But the international art market is feeling the world’s financial crisis like any other industry. Sales at big auction houses like Sotheby's and Christie's are down by up to 50 percent. Report: Danny Wood tag:odeo.com,2009-02-17,24614040 Tue, 17 Feb 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24124658-Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: German auto giants could join forces – Recession-proof in Eastern Europe – Art and artists face the recession.BMW and Daimler to Share Technology The auto industry has been badly damaged by the global recession, especially the makers of luxury cars BMW and Mercedes-Benz. But could more cooperation between the two German giants really be the answer? It has been said that necessity is the mother of all invention, and it seems the global recession could mean that it's necessary for two the German auto giants and competitors, Daimler and BMW, to join forces. They are already working together on hybrid technology, but now it seems that could be extended to the rest of their line of luxury cars. The credit crunch has severely damaged the auto industry, and car makers in Germany are no exception. Interview: Mark Mattox Daimler Maintains Commitment to Building Plant in Hungary One way in which German auto maker Daimler is hoping to get through the global recession ... This week on Money Talks: German auto giants could join forces – Recession-proof in Eastern Europe – Art and artists face the recession.BMW and Daimler to Share Technology The auto industry has been badly damaged by the global recession, especially the makers of luxury cars BMW and Mercedes-Benz. But could more cooperation between the two German giants really be the answer? It has been said that necessity is the mother of all invention, and it seems the global recession could mean that it's necessary for two the German auto giants and competitors, Daimler and BMW, to join forces. They are already working together on hybrid technology, but now it seems that could be extended to the rest of their line of luxury cars. The credit crunch has severely damaged the auto industry, and car makers in Germany are no exception. Interview: Mark Mattox Daimler Maintains Commitment to Building Plant in Hungary One way in which German auto maker Daimler is hoping to get through the global recession is by building more small, eco-friendly vehicles. But to do that, they have to invest 800 million euros in a new plant in Hungary. When the global financial system broke down last fall, Hungary was the worst hit of all the 27 countries in the European Union. Now, with an economy that’s dependent on large-scale foreign direct investment for much of its growth, Hungary is trying to survive cutbacks in factories that produce everything from ladies’ lingerie to automobiles. But German carmaker Daimler confirms that it’s sticking to plans to invest 800 million Euros in a brand new Mercedes-Benz factory. The agreement was signed in the Hungarian Parliament, on October 27th last year, a day before Hungary also received an emergency loan package worth 25 point one billion US dollars from the IMF, World Bank and EU. For Hungary, this is the single largest investment in a new plant by a foreign company ever. Report: Jo-Anne Velin Recession Exceptions in Eastern Europe It's no secret that the most heavily damaged countries in Europe lie in the east, but despite an overall grim outlook, there are a few pockets where the recession hasn't quite taken hold. The global economic crisis continues to wreak havoc across Europe. Among the countries hardest hit thus far have been the emerging economies of Eastern Europe. Budget deficits in Bulgaria, Hungary, and Romania, for example, are soaring, access to credit is drying and some are beginning to fear wholesale capital flight. Still, amid the unease, there are regions bucking the negative trend. Report: Matt Hermann Art Industry Suffers Through Recession When faced with a recession and dwindling finances, many people resort to selling things of value, like art. But since the art industry has been just as heavily damaged as the rest of the economy, there isn't much hope in a big sale saving the day. The Spanish capital has been hosting ‘ARCO Madrid’, one of Europe’s biggest contemporary art fairs. More than two hundred galleries from all over the world have been exhibiting works, including contemporary paintings, photos and sculpture in the hope of making some big sales. But the international art market is feeling the world’s financial crisis like any other industry. Sales at big auction houses like Sotheby's and Christie's are down by up to 50 percent. Report: Danny Wood This week on Money Talks: German auto giants could join forces – Recession-proof in Eastern Europe – Art and artists face the recession.BMW and Daimler to Share Technology The auto industry has been badly damaged by the global recession, especially the makers of luxury cars BMW and Mercedes-Benz. But could more cooperation between the two German giants really be the answer? It has been said that necessity is the mother of all invention, and it seems the global recession could mean that it's necessary for two the German auto giants and competitors, Daimler and BMW, to join forces. They are already working together on hybrid technology, but now it seems that could be extended to the rest of their line of luxury cars. The credit crunch has severely damaged the auto industry, and car makers in Germany are no exception. Interview: Mark Mattox Daimler Maintains Commitment to Building Plant in Hungary One way in which German auto maker Daimler is hoping to get through the global recession is by building more small, eco-friendly vehicles. But to do that, they have to invest 800 million euros in a new plant in Hungary. When the global financial system broke down last fall, Hungary was the worst hit of all the 27 countries in the European Union. Now, with an economy that’s dependent on large-scale foreign direct investment for much of its growth, Hungary is trying to survive cutbacks in factories that produce everything from ladies’ lingerie to automobiles. But German carmaker Daimler confirms that it’s sticking to plans to invest 800 million Euros in a brand new Mercedes-Benz factory. The agreement was signed in the Hungarian Parliament, on October 27th last year, a day before Hungary also received an emergency loan package worth 25 point one billion US dollars from the IMF, World Bank and EU. For Hungary, this is the single largest investment in a new plant by a foreign company ever. Report: Jo-Anne Velin Recession Exceptions in Eastern Europe It's no secret that the most heavily damaged countries in Europe lie in the east, but despite an overall grim outlook, there are a few pockets where the recession hasn't quite taken hold. The global economic crisis continues to wreak havoc across Europe. Among the countries hardest hit thus far have been the emerging economies of Eastern Europe. Budget deficits in Bulgaria, Hungary, and Romania, for example, are soaring, access to credit is drying and some are beginning to fear wholesale capital flight. Still, amid the unease, there are regions bucking the negative trend. Report: Matt Hermann Art Industry Suffers Through Recession When faced with a recession and dwindling finances, many people resort to selling things of value, like art. But since the art industry has been just as heavily damaged as the rest of the economy, there isn't much hope in a big sale saving the day. The Spanish capital has been hosting ‘ARCO Madrid’, one of Europe’s biggest contemporary art fairs. More than two hundred galleries from all over the world have been exhibiting works, including contemporary paintings, photos and sculpture in the hope of making some big sales. But the international art market is feeling the world’s financial crisis like any other industry. Sales at big auction houses like Sotheby's and Christie's are down by up to 50 percent. Report: Danny Wood tag:odeo.com,2009-02-17,24124658 Tue, 17 Feb 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614041-Old_Money-Talks-Business-News-from-the-Heart-of-Europe On this week's Money Talks: Germany gets a new economics minister -- How Germans are responding to rising unemployment -- Eurozone worries amid recession -- Islamic banking tries to get a foothold in Europe -- Financial crisis a dominant topic at the Berlinale!Germany Gets a New Economics Minister The change in the key ministry comes at a time when the country is struggling to come to terms with a biting recession that has seen growth plummet, unemployment rise and credit dry up. Karl-Theodor zu Guttenberg, a media-savvy conservative from the southern state of Bavaria, has taken over from fellow Christian Social Union member Michael Glos. Last weekend, Glos announced that he was going to resign in a move that apparently took Chancellor Angela Merkel by surprise. The selection of the minister was done by the CSU, sister party to Merkel's Christian Democratic Union, in line with tradition that gives the parties represented in the coalition the right to propose replacements for their o... On this week's Money Talks: Germany gets a new economics minister -- How Germans are responding to rising unemployment -- Eurozone worries amid recession -- Islamic banking tries to get a foothold in Europe -- Financial crisis a dominant topic at the Berlinale!Germany Gets a New Economics Minister The change in the key ministry comes at a time when the country is struggling to come to terms with a biting recession that has seen growth plummet, unemployment rise and credit dry up. Karl-Theodor zu Guttenberg, a media-savvy conservative from the southern state of Bavaria, has taken over from fellow Christian Social Union member Michael Glos. Last weekend, Glos announced that he was going to resign in a move that apparently took Chancellor Angela Merkel by surprise. The selection of the minister was done by the CSU, sister party to Merkel's Christian Democratic Union, in line with tradition that gives the parties represented in the coalition the right to propose replacements for their own members who leave the cabinet. Merkel has welcomed the choice but the Social Democrats, who are also partners in the grand coalition, and some in her own party are criticizing Guttenberg's lack of economic experience. Report: Uwe Hessler Germans Hopeful Despite High Unemployment Levels Last month’s figure of nearly 3.5 million unemployed is actually down from the 3.66 million twelve months ago but there's been a 9 percent jump in joblessness from the end of last year. The Berlin government has forecast that economic activity may contract by up to 3 percent this year, which would further aggravate the situation in a country that’s already been hit by the global recession. Many companies are suffering weak demand but the government is in favour of companies scaling back working hours rather than making people redundant. Europe's biggest economy and those in government appear confident of being able to weather the storm. Report: Maja Graham UBS Posts Biggest Loss in Swiss Corporate History Switzerland's largest bank is one of the worst-hit globally by the US subprime crisis. Last year, it was already forced to accept government support. UBS posted an annual loss of 17 billion dollars in 2008, and announced that 2,000 more jobs would go this year at its investment bank unit, which was responsible for most of the damage. Money Talks takes a look at how the bank's management is explaining the news and tackling the delicate issue of bonuses. Report: Imogen Foulkes Islamic Banking Seeks to Tap European Market Supporters of Islamic banking claim that Muslim principles protect it from the boom and bust of western capitalism. The credibility of Islamic finance, which is banking in accordance with the laws of the Koran, appears to have been boosted by the current financial crisis. It's already well-established in the Middle East and Islamic banks have been thriving even in London for the past few years. Now, Islamic finance is looking to expand in the huge, untapped market of continental Europe. Report: John Laurenson Financial Crisis a Major Theme at Berlinale The Berlin Film Festival opened with an action thriller about the often dark and crooked world of global banking. Money is a hot topic at international film festivals, like the one currently on in Berlin. Trying to raise funds to make a movie, then having to find distributors to get the finished product to theaters, and ultimately trying to recoup costs at the box office -- all of this holds true for big Hollywood blockbusters, medium-sized art house films, and small indie flicks alike. But this year money is a specially dominant topic, with the global financial meltdown. German director Tom Tykwer's film "The International" draws on the story of big global banks that have been caught after getting involved in dubious dealings. The plot loosely follows the scandal surrounding the 1990's collapse of the Bank of Credit and Commerce International. Money Talks explores what appears to be a prescient theme at the Berlinale. Report: Jodi Breisler On this week's Money Talks: Germany gets a new economics minister -- How Germans are responding to rising unemployment -- Eurozone worries amid recession -- Islamic banking tries to get a foothold in Europe -- Financial crisis a dominant topic at the Berlinale!Germany Gets a New Economics Minister The change in the key ministry comes at a time when the country is struggling to come to terms with a biting recession that has seen growth plummet, unemployment rise and credit dry up. Karl-Theodor zu Guttenberg, a media-savvy conservative from the southern state of Bavaria, has taken over from fellow Christian Social Union member Michael Glos. Last weekend, Glos announced that he was going to resign in a move that apparently took Chancellor Angela Merkel by surprise. The selection of the minister was done by the CSU, sister party to Merkel's Christian Democratic Union, in line with tradition that gives the parties represented in the coalition the right to propose replacements for their own members who leave the cabinet. Merkel has welcomed the choice but the Social Democrats, who are also partners in the grand coalition, and some in her own party are criticizing Guttenberg's lack of economic experience. Report: Uwe Hessler Germans Hopeful Despite High Unemployment Levels Last month’s figure of nearly 3.5 million unemployed is actually down from the 3.66 million twelve months ago but there's been a 9 percent jump in joblessness from the end of last year. The Berlin government has forecast that economic activity may contract by up to 3 percent this year, which would further aggravate the situation in a country that’s already been hit by the global recession. Many companies are suffering weak demand but the government is in favour of companies scaling back working hours rather than making people redundant. Europe's biggest economy and those in government appear confident of being able to weather the storm. Report: Maja Graham UBS Posts Biggest Loss in Swiss Corporate History Switzerland's largest bank is one of the worst-hit globally by the US subprime crisis. Last year, it was already forced to accept government support. UBS posted an annual loss of 17 billion dollars in 2008, and announced that 2,000 more jobs would go this year at its investment bank unit, which was responsible for most of the damage. Money Talks takes a look at how the bank's management is explaining the news and tackling the delicate issue of bonuses. Report: Imogen Foulkes Islamic Banking Seeks to Tap European Market Supporters of Islamic banking claim that Muslim principles protect it from the boom and bust of western capitalism. The credibility of Islamic finance, which is banking in accordance with the laws of the Koran, appears to have been boosted by the current financial crisis. It's already well-established in the Middle East and Islamic banks have been thriving even in London for the past few years. Now, Islamic finance is looking to expand in the huge, untapped market of continental Europe. Report: John Laurenson Financial Crisis a Major Theme at Berlinale The Berlin Film Festival opened with an action thriller about the often dark and crooked world of global banking. Money is a hot topic at international film festivals, like the one currently on in Berlin. Trying to raise funds to make a movie, then having to find distributors to get the finished product to theaters, and ultimately trying to recoup costs at the box office -- all of this holds true for big Hollywood blockbusters, medium-sized art house films, and small indie flicks alike. But this year money is a specially dominant topic, with the global financial meltdown. German director Tom Tykwer's film "The International" draws on the story of big global banks that have been caught after getting involved in dubious dealings. The plot loosely follows the scandal surrounding the 1990's collapse of the Bank of Credit and Commerce International. Money Talks explores what appears to be a prescient theme at the Berlinale. Report: Jodi Breisler tag:odeo.com,2009-02-10,24614041 Tue, 10 Feb 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24062438-Money-Talks-Business-News-from-the-Heart-of-Europe On this week's Money Talks: Germany gets a new economics minister -- How Germans are responding to rising unemployment -- Eurozone worries amid recession -- Islamic banking tries to get a foothold in Europe -- Financial crisis a dominant topic at the Berlinale!Germany Gets a New Economics Minister The change in the key ministry comes at a time when the country is struggling to come to terms with a biting recession that has seen growth plummet, unemployment rise and credit dry up. Karl-Theodor zu Guttenberg, a media-savvy conservative from the southern state of Bavaria, has taken over from fellow Christian Social Union member Michael Glos. Last weekend, Glos announced that he was going to resign in a move that apparently took Chancellor Angela Merkel by surprise. The selection of the minister was done by the CSU, sister party to Merkel’s Christian Democratic Union, in line with tradition that gives the parties represented in the coalition the right to propose replacements for their o... On this week's Money Talks: Germany gets a new economics minister -- How Germans are responding to rising unemployment -- Eurozone worries amid recession -- Islamic banking tries to get a foothold in Europe -- Financial crisis a dominant topic at the Berlinale!Germany Gets a New Economics Minister The change in the key ministry comes at a time when the country is struggling to come to terms with a biting recession that has seen growth plummet, unemployment rise and credit dry up. Karl-Theodor zu Guttenberg, a media-savvy conservative from the southern state of Bavaria, has taken over from fellow Christian Social Union member Michael Glos. Last weekend, Glos announced that he was going to resign in a move that apparently took Chancellor Angela Merkel by surprise. The selection of the minister was done by the CSU, sister party to Merkel’s Christian Democratic Union, in line with tradition that gives the parties represented in the coalition the right to propose replacements for their own members who leave the cabinet. Merkel has welcomed the choice but the Social Democrats, who are also partners in the grand coalition, and some in her own party are criticising Guttenberg’s lack of economic experience. Report: Uwe Hessler Germans Hopeful Despite High Unemployment Levels Last month’s figure of nearly 3.5 million unemployed is actually down from the 3.66 million twelve months ago but there's been a 9 percent jump in joblessness from the end of last year. The Berlin government has forecast that economic activity may contract by up to 3 percent this year, which would further aggravate the situation in a country that’s already been hit by the global recession. Many companies are suffering weak demand but the government is in favour of companies scaling back working hours rather than making people redundant. Europe's biggest economy and those in government appear confident of being able to weather the storm. Report: Maja Graham UBS Posts Biggest Loss in Swiss Corporate History Switzerland's largest bank is one of the worst-hit globally by the US subprime crisis. Last year, it was already forced to accept government support. UBS posted an annual loss of 17 billion dollars in 2008, and announced that 2,000 more jobs would go this year at its investment bank unit, which was responsible for most of the damage. Money Talks takes a look at how the bank’s management is explaining the news and tackling the delicate issue of bonuses. Report: Imogen Foulkes Islamic Banking Seeks to Tap European Market Supporters of Islamic banking claim that Muslim principles protect it from the boom and bust of western capitalism. The credibility of Islamic finance, which is banking in accordance with the laws of the Koran, appears to have been boosted by the current financial crisis. It’s already well-established in the Middle East and Islamic banks have been thriving even in London for the past few years. Now, Islamic finance is looking to expand in the huge, untapped market of continental Europe. Report: John Laurenson Financial Crisis a Major Theme at Berlinale The Berlin Film Festival opened with an action thriller about the often dark and crooked world of global banking. Money is a hot topic at international film festivals, like the one currently on in Berlin. Trying to raise funds to make a movie, then having to find distributors to get the finished product to theatres, and ultimately trying to recoup costs at the box office – all of this holds true for big Hollywood blockbusters, medium-sized art house films, and small indie flicks alike. But this year money is a specially dominant topic, with the global financial meltdown. German director Tom Tykwer's film "The International" draws on the story of big global banks that have been caught after getting involved in dubious dealings. The plot loosely follows the scandal surrounding the 1990's collapse of the Bank of Credit and Commerce International. Money Talks explores what appears to be a prescient theme at the Berlinale. Report: Jodi Breisler On this week's Money Talks: Germany gets a new economics minister -- How Germans are responding to rising unemployment -- Eurozone worries amid recession -- Islamic banking tries to get a foothold in Europe -- Financial crisis a dominant topic at the Berlinale!Germany Gets a New Economics Minister The change in the key ministry comes at a time when the country is struggling to come to terms with a biting recession that has seen growth plummet, unemployment rise and credit dry up. Karl-Theodor zu Guttenberg, a media-savvy conservative from the southern state of Bavaria, has taken over from fellow Christian Social Union member Michael Glos. Last weekend, Glos announced that he was going to resign in a move that apparently took Chancellor Angela Merkel by surprise. The selection of the minister was done by the CSU, sister party to Merkel’s Christian Democratic Union, in line with tradition that gives the parties represented in the coalition the right to propose replacements for their own members who leave the cabinet. Merkel has welcomed the choice but the Social Democrats, who are also partners in the grand coalition, and some in her own party are criticising Guttenberg’s lack of economic experience. Report: Uwe Hessler Germans Hopeful Despite High Unemployment Levels Last month’s figure of nearly 3.5 million unemployed is actually down from the 3.66 million twelve months ago but there's been a 9 percent jump in joblessness from the end of last year. The Berlin government has forecast that economic activity may contract by up to 3 percent this year, which would further aggravate the situation in a country that’s already been hit by the global recession. Many companies are suffering weak demand but the government is in favour of companies scaling back working hours rather than making people redundant. Europe's biggest economy and those in government appear confident of being able to weather the storm. Report: Maja Graham UBS Posts Biggest Loss in Swiss Corporate History Switzerland's largest bank is one of the worst-hit globally by the US subprime crisis. Last year, it was already forced to accept government support. UBS posted an annual loss of 17 billion dollars in 2008, and announced that 2,000 more jobs would go this year at its investment bank unit, which was responsible for most of the damage. Money Talks takes a look at how the bank’s management is explaining the news and tackling the delicate issue of bonuses. Report: Imogen Foulkes Islamic Banking Seeks to Tap European Market Supporters of Islamic banking claim that Muslim principles protect it from the boom and bust of western capitalism. The credibility of Islamic finance, which is banking in accordance with the laws of the Koran, appears to have been boosted by the current financial crisis. It’s already well-established in the Middle East and Islamic banks have been thriving even in London for the past few years. Now, Islamic finance is looking to expand in the huge, untapped market of continental Europe. Report: John Laurenson Financial Crisis a Major Theme at Berlinale The Berlin Film Festival opened with an action thriller about the often dark and crooked world of global banking. Money is a hot topic at international film festivals, like the one currently on in Berlin. Trying to raise funds to make a movie, then having to find distributors to get the finished product to theatres, and ultimately trying to recoup costs at the box office – all of this holds true for big Hollywood blockbusters, medium-sized art house films, and small indie flicks alike. But this year money is a specially dominant topic, with the global financial meltdown. German director Tom Tykwer's film "The International" draws on the story of big global banks that have been caught after getting involved in dubious dealings. The plot loosely follows the scandal surrounding the 1990's collapse of the Bank of Credit and Commerce International. Money Talks explores what appears to be a prescient theme at the Berlinale. Report: Jodi Breisler tag:odeo.com,2009-02-10,24062438 Tue, 10 Feb 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23965837-Money-Talks-Business-News-from-the-Heart-of-Europe Coming up on this week's Money Talks: The exclusive Business party in Davos -- Could social values form a new European business model? -- Getting the French car industry moving -- Turkey looks to profit from the big gas freeze.Davos: The Business Party Where Everyone Wants to be Seen Political leaders and central bankers will dominate this week's annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate change. More than 40 heads of state and government -- almost double the number last year -- are joined by finance ministers and central bankers. The crème de la crème of the business world meet every year in the tiny Swiss ski resort to discuss how to solve the world’s problems and of course to hob-nob. The man who brings them together is Klaus Schwab, a 70 year-old former professor at the University of Geneva. So why do the business and political elite follow his call each year? And can they find ... Coming up on this week's Money Talks: The exclusive Business party in Davos -- Could social values form a new European business model? -- Getting the French car industry moving -- Turkey looks to profit from the big gas freeze.Davos: The Business Party Where Everyone Wants to be Seen Political leaders and central bankers will dominate this week's annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate change. More than 40 heads of state and government -- almost double the number last year -- are joined by finance ministers and central bankers. The crème de la crème of the business world meet every year in the tiny Swiss ski resort to discuss how to solve the world’s problems and of course to hob-nob. The man who brings them together is Klaus Schwab, a 70 year-old former professor at the University of Geneva. So why do the business and political elite follow his call each year? And can they find a solution to the financial crisis? Report: Sarah Stolarz Social Values for a New Economy In the face of a deep and protracted recession, calls are mounting for Europe to rebuild its economy without abandoning its core social values. In Brussels, trade unions, government officials, civil society groups, and business leaders have been banging heads over how to 'fix' capitalism, and pull Europe out of a bitter recession. But the financial crisis has exposed profound ideological differences, no-one seems sure can be overcome. Report: Nina-Maria Potts Tensions Grow in French Car Industry French car workers are expected to join millions of others from the public sector in taking strike action this Thursday. It's a reflection of how deeply the recession is biting. This is expected to be the biggest anti-government protest since President Sarkozy came to power. He's due to give more details next month on a government promise of an aid package to the car industry of up to six billion euros - in return for a commitment not to close factories and to invest in new technology. But will it be enough, and will the car makers keep their part of the bargain? Report: Alasdair Sandford Turkey Looks to Profit from Gas Row As Europe is finally able to warm up after the big gas freeze between Russia and Ukraine, the EU is now looking to alternative means of supply. Representatives from a dozen countries, the European Union and two European banks have been meeting in Budapest for the Nabucco summit to discuss the EU's gas pipeline project. The Nabucco pipeline will ultimately transport up to 31 billion cubic metres of gas each year from the Caspian Sea to western Europe, while bypassing Russia and Ukraine. Hungary has said the EU should put up 300 million euros to finance the project. And hoping to profit from that is Turkey, as the pipeline would run through the country. But the new pipeline does not come without its own problems and risks. Report: Dorian Jones Coming up on this week's Money Talks: The exclusive Business party in Davos -- Could social values form a new European business model? -- Getting the French car industry moving -- Turkey looks to profit from the big gas freeze.Davos: The Business Party Where Everyone Wants to be Seen Political leaders and central bankers will dominate this week's annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate change. More than 40 heads of state and government -- almost double the number last year -- are joined by finance ministers and central bankers. The crème de la crème of the business world meet every year in the tiny Swiss ski resort to discuss how to solve the world’s problems and of course to hob-nob. The man who brings them together is Klaus Schwab, a 70 year-old former professor at the University of Geneva. So why do the business and political elite follow his call each year? And can they find a solution to the financial crisis? Report: Sarah Stolarz Social Values for a New Economy In the face of a deep and protracted recession, calls are mounting for Europe to rebuild its economy without abandoning its core social values. In Brussels, trade unions, government officials, civil society groups, and business leaders have been banging heads over how to 'fix' capitalism, and pull Europe out of a bitter recession. But the financial crisis has exposed profound ideological differences, no-one seems sure can be overcome. Report: Nina-Maria Potts Tensions Grow in French Car Industry French car workers are expected to join millions of others from the public sector in taking strike action this Thursday. It's a reflection of how deeply the recession is biting. This is expected to be the biggest anti-government protest since President Sarkozy came to power. He's due to give more details next month on a government promise of an aid package to the car industry of up to six billion euros - in return for a commitment not to close factories and to invest in new technology. But will it be enough, and will the car makers keep their part of the bargain? Report: Alasdair Sandford Turkey Looks to Profit from Gas Row As Europe is finally able to warm up after the big gas freeze between Russia and Ukraine, the EU is now looking to alternative means of supply. Representatives from a dozen countries, the European Union and two European banks have been meeting in Budapest for the Nabucco summit to discuss the EU's gas pipeline project. The Nabucco pipeline will ultimately transport up to 31 billion cubic metres of gas each year from the Caspian Sea to western Europe, while bypassing Russia and Ukraine. Hungary has said the EU should put up 300 million euros to finance the project. And hoping to profit from that is Turkey, as the pipeline would run through the country. But the new pipeline does not come without its own problems and risks. Report: Dorian Jones tag:odeo.com,2009-01-27,23965837 Tue, 27 Jan 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614042-Old_Money-Talks-Business-News-from-the-Heart-of-Europe Coming up on this week's Money Talks: The exclusive Business party in Davos -- Could social values form a new European business model? -- Getting the French car industry moving -- Turkey looks to profit from the big gas freeze.Davos: The Business Party Where Everyone Wants to be Seen Political leaders and central bankers will dominate this week's annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate change. More than 40 heads of state and government -- almost double the number last year -- are joined by finance ministers and central bankers. The crème de la crème of the business world meet every year in the tiny Swiss ski resort to discuss how to solve the world’s problems and of course to hob-nob. The man who brings them together is Klaus Schwab, a 70 year-old former professor at the University of Geneva. So why do the business and political elite follow his call each year? And can they find ... Coming up on this week's Money Talks: The exclusive Business party in Davos -- Could social values form a new European business model? -- Getting the French car industry moving -- Turkey looks to profit from the big gas freeze.Davos: The Business Party Where Everyone Wants to be Seen Political leaders and central bankers will dominate this week's annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate change. More than 40 heads of state and government -- almost double the number last year -- are joined by finance ministers and central bankers. The crème de la crème of the business world meet every year in the tiny Swiss ski resort to discuss how to solve the world’s problems and of course to hob-nob. The man who brings them together is Klaus Schwab, a 70 year-old former professor at the University of Geneva. So why do the business and political elite follow his call each year? And can they find a solution to the financial crisis? Report: Sarah Stolarz Social Values for a New Economy In the face of a deep and protracted recession, calls are mounting for Europe to rebuild its economy without abandoning its core social values. In Brussels, trade unions, government officials, civil society groups, and business leaders have been banging heads over how to 'fix' capitalism, and pull Europe out of a bitter recession. But the financial crisis has exposed profound ideological differences, no-one seems sure can be overcome. Report: Nina-Maria Potts Tensions Grow in French Car Industry French car workers are expected to join millions of others from the public sector in taking strike action this Thursday. It's a reflection of how deeply the recession is biting. This is expected to be the biggest anti-government protest since President Sarkozy came to power. He's due to give more details next month on a government promise of an aid package to the car industry of up to six billion euros - in return for a commitment not to close factories and to invest in new technology. But will it be enough, and will the car makers keep their part of the bargain? Report: Alasdair Sandford Turkey Looks to Profit from Gas Row As Europe is finally able to warm up after the big gas freeze between Russia and Ukraine, the EU is now looking to alternative means of supply. Representatives from a dozen countries, the European Union and two European banks have been meeting in Budapest for the Nabucco summit to discuss the EU's gas pipeline project. The Nabucco pipeline will ultimately transport up to 31 billion cubic metres of gas each year from the Caspian Sea to western Europe, while bypassing Russia and Ukraine. Hungary has said the EU should put up 300 million euros to finance the project. And hoping to profit from that is Turkey, as the pipeline would run through the country. But the new pipeline does not come without its own problems and risks. Report: Dorian Jones Coming up on this week's Money Talks: The exclusive Business party in Davos -- Could social values form a new European business model? -- Getting the French car industry moving -- Turkey looks to profit from the big gas freeze.Davos: The Business Party Where Everyone Wants to be Seen Political leaders and central bankers will dominate this week's annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate change. More than 40 heads of state and government -- almost double the number last year -- are joined by finance ministers and central bankers. The crème de la crème of the business world meet every year in the tiny Swiss ski resort to discuss how to solve the world’s problems and of course to hob-nob. The man who brings them together is Klaus Schwab, a 70 year-old former professor at the University of Geneva. So why do the business and political elite follow his call each year? And can they find a solution to the financial crisis? Report: Sarah Stolarz Social Values for a New Economy In the face of a deep and protracted recession, calls are mounting for Europe to rebuild its economy without abandoning its core social values. In Brussels, trade unions, government officials, civil society groups, and business leaders have been banging heads over how to 'fix' capitalism, and pull Europe out of a bitter recession. But the financial crisis has exposed profound ideological differences, no-one seems sure can be overcome. Report: Nina-Maria Potts Tensions Grow in French Car Industry French car workers are expected to join millions of others from the public sector in taking strike action this Thursday. It's a reflection of how deeply the recession is biting. This is expected to be the biggest anti-government protest since President Sarkozy came to power. He's due to give more details next month on a government promise of an aid package to the car industry of up to six billion euros - in return for a commitment not to close factories and to invest in new technology. But will it be enough, and will the car makers keep their part of the bargain? Report: Alasdair Sandford Turkey Looks to Profit from Gas Row As Europe is finally able to warm up after the big gas freeze between Russia and Ukraine, the EU is now looking to alternative means of supply. Representatives from a dozen countries, the European Union and two European banks have been meeting in Budapest for the Nabucco summit to discuss the EU's gas pipeline project. The Nabucco pipeline will ultimately transport up to 31 billion cubic metres of gas each year from the Caspian Sea to western Europe, while bypassing Russia and Ukraine. Hungary has said the EU should put up 300 million euros to finance the project. And hoping to profit from that is Turkey, as the pipeline would run through the country. But the new pipeline does not come without its own problems and risks. Report: Dorian Jones tag:odeo.com,2009-01-27,24614042 Tue, 27 Jan 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23911945-Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: Obama brings hope for new transatlantic economic relations -- EU Financial forecast looks bleak -- 3rd runway at Heathrow vital for economy? -- and Full steam ahead at Boot 2009Obama Brings New Era in Transatlantic Economic Relations The eyes of the world were on Washington on Tuesday as Barack Obama was sworn in as President of the United States. But there won’t be much time to get comfortable in the White House. The new man has inherited a wealth of problems: above all the worst global economic crisis since the great depression. The financial system is in disarray and many in the US and abroad are looking forward to ushering in an era of change. Not least here in Europe, where polls revealed that over 80% of Europeans would have voted for Obama if they had had the chance. Transatlantic relations have suffered over the last few years. Now, although most people appreciate there is no quick fix to the credit crunch, economists on both sides of the Atlantic h... This week on Money Talks: Obama brings hope for new transatlantic economic relations -- EU Financial forecast looks bleak -- 3rd runway at Heathrow vital for economy? -- and Full steam ahead at Boot 2009Obama Brings New Era in Transatlantic Economic Relations The eyes of the world were on Washington on Tuesday as Barack Obama was sworn in as President of the United States. But there won’t be much time to get comfortable in the White House. The new man has inherited a wealth of problems: above all the worst global economic crisis since the great depression. The financial system is in disarray and many in the US and abroad are looking forward to ushering in an era of change. Not least here in Europe, where polls revealed that over 80% of Europeans would have voted for Obama if they had had the chance. Transatlantic relations have suffered over the last few years. Now, although most people appreciate there is no quick fix to the credit crunch, economists on both sides of the Atlantic hope that the US and Europe can work closely together to solve the financial crisis. Report: Madeleine Amberger Financial Outlook in the EU Remains Bleak The EU's economic forecast is delivered as Finance Ministers meet to hammer out their differences over how to fix the financial crisis and how to cope with a deep and protracted recession. Consolidate public deficit spending and balance the books is the message from Brussels. And on Monday, the European Commission revealed its economic forecast for 2009, and it looks rather bleak to say the least. Rising unemployment and economic contraction will shape a painful 2009 for most Europeans. The 16 EU countries using the euro, will endure a 1.9 per cent shrink in their economies, while the wider 27-member bloc faces a 1.8 per cent downturn. Report: Nina-Maria Potts Britain Looks to the Skies for Economic Recovery One of the countries most badly affected by the credit crunch here in Europe has been the United Kingdom. The government there says airport expansion is vital for economic growth. This week, the British Government has revealed a second bail-out plan for crisis-hit banks. And it’s been a busy few days for Gordon Brown’s government as they also gave the go-ahead for a third runway at London’s Heathrow airport. Without it, the economy has no chance of taking off again, whatever the size of a rescue package say supporters. But opponents have already mobilised to put a spanner in the works. The 10 billion euro project will now be considered by a public planning enquiry. The arguments are likely to rage over the plan for many years. Report: Stephen Beard Full Steam Ahead for Maritime Industry at Boot 2009 Nautical types have set sail for Düsseldorf this week, as the world’s largest boat and water sport trade fair cast anchors for the 40th time. As with most sectors these days, Boot Düsseldorf is having to adapt to the changing tides of the world’s economy. Many ship builders won’t be letting their hair down as usual at the exhibition. The prestigious German ship yard Dehler has already declared bankruptcy and several other firms have been sailing close to the wind. Report: Cheryl Northey This week on Money Talks: Obama brings hope for new transatlantic economic relations -- EU Financial forecast looks bleak -- 3rd runway at Heathrow vital for economy? -- and Full steam ahead at Boot 2009Obama Brings New Era in Transatlantic Economic Relations The eyes of the world were on Washington on Tuesday as Barack Obama was sworn in as President of the United States. But there won’t be much time to get comfortable in the White House. The new man has inherited a wealth of problems: above all the worst global economic crisis since the great depression. The financial system is in disarray and many in the US and abroad are looking forward to ushering in an era of change. Not least here in Europe, where polls revealed that over 80% of Europeans would have voted for Obama if they had had the chance. Transatlantic relations have suffered over the last few years. Now, although most people appreciate there is no quick fix to the credit crunch, economists on both sides of the Atlantic hope that the US and Europe can work closely together to solve the financial crisis. Report: Madeleine Amberger Financial Outlook in the EU Remains Bleak The EU's economic forecast is delivered as Finance Ministers meet to hammer out their differences over how to fix the financial crisis and how to cope with a deep and protracted recession. Consolidate public deficit spending and balance the books is the message from Brussels. And on Monday, the European Commission revealed its economic forecast for 2009, and it looks rather bleak to say the least. Rising unemployment and economic contraction will shape a painful 2009 for most Europeans. The 16 EU countries using the euro, will endure a 1.9 per cent shrink in their economies, while the wider 27-member bloc faces a 1.8 per cent downturn. Report: Nina-Maria Potts Britain Looks to the Skies for Economic Recovery One of the countries most badly affected by the credit crunch here in Europe has been the United Kingdom. The government there says airport expansion is vital for economic growth. This week, the British Government has revealed a second bail-out plan for crisis-hit banks. And it’s been a busy few days for Gordon Brown’s government as they also gave the go-ahead for a third runway at London’s Heathrow airport. Without it, the economy has no chance of taking off again, whatever the size of a rescue package say supporters. But opponents have already mobilised to put a spanner in the works. The 10 billion euro project will now be considered by a public planning enquiry. The arguments are likely to rage over the plan for many years. Report: Stephen Beard Full Steam Ahead for Maritime Industry at Boot 2009 Nautical types have set sail for Düsseldorf this week, as the world’s largest boat and water sport trade fair cast anchors for the 40th time. As with most sectors these days, Boot Düsseldorf is having to adapt to the changing tides of the world’s economy. Many ship builders won’t be letting their hair down as usual at the exhibition. The prestigious German ship yard Dehler has already declared bankruptcy and several other firms have been sailing close to the wind. Report: Cheryl Northey tag:odeo.com,2009-01-20,23911945 Tue, 20 Jan 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614043-Old_Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: Obama brings hope for new transatlantic economic relations -- EU Financial forecast looks bleak -- 3rd runway at Heathrow vital for economy? -- and Full steam ahead at Boot 2009Obama Brings New Era in Transatlantic Economic Relations The eyes of the world were on Washington on Tuesday as Barack Obama was sworn in as President of the United States. But there won’t be much time to get comfortable in the White House. The new man has inherited a wealth of problems: above all the worst global economic crisis since the great depression. The financial system is in disarray and many in the US and abroad are looking forward to ushering in an era of change. Not least here in Europe, where polls revealed that over 80% of Europeans would have voted for Obama if they had had the chance. Transatlantic relations have suffered over the last few years. Now, although most people appreciate there is no quick fix to the credit crunch, economists on both sides of the Atlantic h... This week on Money Talks: Obama brings hope for new transatlantic economic relations -- EU Financial forecast looks bleak -- 3rd runway at Heathrow vital for economy? -- and Full steam ahead at Boot 2009Obama Brings New Era in Transatlantic Economic Relations The eyes of the world were on Washington on Tuesday as Barack Obama was sworn in as President of the United States. But there won’t be much time to get comfortable in the White House. The new man has inherited a wealth of problems: above all the worst global economic crisis since the great depression. The financial system is in disarray and many in the US and abroad are looking forward to ushering in an era of change. Not least here in Europe, where polls revealed that over 80% of Europeans would have voted for Obama if they had had the chance. Transatlantic relations have suffered over the last few years. Now, although most people appreciate there is no quick fix to the credit crunch, economists on both sides of the Atlantic hope that the US and Europe can work closely together to solve the financial crisis. Report: Madeleine Amberger Financial Outlook in the EU Remains Bleak The EU's economic forecast is delivered as Finance Ministers meet to hammer out their differences over how to fix the financial crisis and how to cope with a deep and protracted recession. Consolidate public deficit spending and balance the books is the message from Brussels. And on Monday, the European Commission revealed its economic forecast for 2009, and it looks rather bleak to say the least. Rising unemployment and economic contraction will shape a painful 2009 for most Europeans. The 16 EU countries using the euro, will endure a 1.9 per cent shrink in their economies, while the wider 27-member bloc faces a 1.8 per cent downturn. Report: Nina-Maria Potts Britain Looks to the Skies for Economic Recovery One of the countries most badly affected by the credit crunch here in Europe has been the United Kingdom. The government there says airport expansion is vital for economic growth. This week, the British Government has revealed a second bail-out plan for crisis-hit banks. And it’s been a busy few days for Gordon Brown’s government as they also gave the go-ahead for a third runway at London’s Heathrow airport. Without it, the economy has no chance of taking off again, whatever the size of a rescue package say supporters. But opponents have already mobilised to put a spanner in the works. The 10 billion euro project will now be considered by a public planning enquiry. The arguments are likely to rage over the plan for many years. Report: Stephen Beard Full Steam Ahead for Maritime Industry at Boot 2009 Nautical types have set sail for Düsseldorf this week, as the world’s largest boat and water sport trade fair cast anchors for the 40th time. As with most sectors these days, Boot Düsseldorf is having to adapt to the changing tides of the world’s economy. Many ship builders won’t be letting their hair down as usual at the exhibition. The prestigious German ship yard Dehler has already declared bankruptcy and several other firms have been sailing close to the wind. Report: Cheryl Northey This week on Money Talks: Obama brings hope for new transatlantic economic relations -- EU Financial forecast looks bleak -- 3rd runway at Heathrow vital for economy? -- and Full steam ahead at Boot 2009Obama Brings New Era in Transatlantic Economic Relations The eyes of the world were on Washington on Tuesday as Barack Obama was sworn in as President of the United States. But there won’t be much time to get comfortable in the White House. The new man has inherited a wealth of problems: above all the worst global economic crisis since the great depression. The financial system is in disarray and many in the US and abroad are looking forward to ushering in an era of change. Not least here in Europe, where polls revealed that over 80% of Europeans would have voted for Obama if they had had the chance. Transatlantic relations have suffered over the last few years. Now, although most people appreciate there is no quick fix to the credit crunch, economists on both sides of the Atlantic hope that the US and Europe can work closely together to solve the financial crisis. Report: Madeleine Amberger Financial Outlook in the EU Remains Bleak The EU's economic forecast is delivered as Finance Ministers meet to hammer out their differences over how to fix the financial crisis and how to cope with a deep and protracted recession. Consolidate public deficit spending and balance the books is the message from Brussels. And on Monday, the European Commission revealed its economic forecast for 2009, and it looks rather bleak to say the least. Rising unemployment and economic contraction will shape a painful 2009 for most Europeans. The 16 EU countries using the euro, will endure a 1.9 per cent shrink in their economies, while the wider 27-member bloc faces a 1.8 per cent downturn. Report: Nina-Maria Potts Britain Looks to the Skies for Economic Recovery One of the countries most badly affected by the credit crunch here in Europe has been the United Kingdom. The government there says airport expansion is vital for economic growth. This week, the British Government has revealed a second bail-out plan for crisis-hit banks. And it’s been a busy few days for Gordon Brown’s government as they also gave the go-ahead for a third runway at London’s Heathrow airport. Without it, the economy has no chance of taking off again, whatever the size of a rescue package say supporters. But opponents have already mobilised to put a spanner in the works. The 10 billion euro project will now be considered by a public planning enquiry. The arguments are likely to rage over the plan for many years. Report: Stephen Beard Full Steam Ahead for Maritime Industry at Boot 2009 Nautical types have set sail for Düsseldorf this week, as the world’s largest boat and water sport trade fair cast anchors for the 40th time. As with most sectors these days, Boot Düsseldorf is having to adapt to the changing tides of the world’s economy. Many ship builders won’t be letting their hair down as usual at the exhibition. The prestigious German ship yard Dehler has already declared bankruptcy and several other firms have been sailing close to the wind. Report: Cheryl Northey tag:odeo.com,2009-01-20,24614043 Tue, 20 Jan 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23873329-Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: German economy to get €50 billion boost - Mixed response to Commerzbank bailout - UK consumers cutting back amid gloom - Carmakers put on a brave face at Detroit showGermany to Pump €50b Into Economy The second stimulus package is meant to shield the economy from the worst recession since World War Two as well as to silence critics who have accused the government of doing too little so far. Chancellor Angela Merkel's grand coalition of conservatives and Social Democrats have agreed to billions of euros in new investments in infrastructure, modest tax cuts and state guarantees for struggling German firms. Economists have welcomed the package but some say it is unlikely to have more than a marginal effect on Europe's largest economy. Germany fell into recession last year and is expected to contract by 2 percent or more in 2009, its worst post-war performance. Report: Uwe Hessler Mixed Response to Bailout of Major German Bank Commerzbank is Germany’s first maj... This week on Money Talks: German economy to get €50 billion boost - Mixed response to Commerzbank bailout - UK consumers cutting back amid gloom - Carmakers put on a brave face at Detroit showGermany to Pump €50b Into Economy The second stimulus package is meant to shield the economy from the worst recession since World War Two as well as to silence critics who have accused the government of doing too little so far. Chancellor Angela Merkel's grand coalition of conservatives and Social Democrats have agreed to billions of euros in new investments in infrastructure, modest tax cuts and state guarantees for struggling German firms. Economists have welcomed the package but some say it is unlikely to have more than a marginal effect on Europe's largest economy. Germany fell into recession last year and is expected to contract by 2 percent or more in 2009, its worst post-war performance. Report: Uwe Hessler Mixed Response to Bailout of Major German Bank Commerzbank is Germany’s first major private bank to apply for government aid after Berlin announced a 500-billion-euro rescue package for financial institutions hit by the global credit crisis. The German government’s decision to grant billions of euros in state aid for the second time in a matter of weeks to Commerzbank, the country’s second-largest bank, has been generally welcomed. However, the move has also drawn criticism from some quarters. The bank received 8.2 billion euros from the state last November and is now to get an additional 10 billion euros. In return, the government will acquire a 25-percent stake plus one share in the troubled bank. Meanwhile, the money has allowed Commerzbank to complete the somewhat controversial takeover of the private Dresdner Bank. Money Talks takes a closer look at the bailout and how people have been reacting to it. Report: Robert Mudge / Ranjitha Balasubramanyam / Sarah Stolarz Experts Predict Grim Outlook for Britain The British retail sector has already lost some big names in the current crisis. The UK, like other European nations, is taking additional measures to battle the effects of the global economic crisis. However, many analysts say they are not convinced that historically low interest rates and the British government's response so far will be enough to avoid a long, deep recession. According to a leading thinktank, the UK economy shrank by 1.5 percent in the last three months of 2008 -- its worst performance in 28 years. There are fears that official figures to be published soon will confirm that Britain is in recession. Amid the downturn, many High Street icons are going bust although surprisingly, others continue to chalk up record sales. Report: Olly Barratt Carmakers Put On A Brave Face in Detroit Car manufacturers are showcasing their newest fuel-efficient products in the midst of tough economic times. Some companies participating in the North American International Auto Show are trying to fend off financial disaster. In fact, two of Detroit’s so-called ''Big Three'' have recently received multi-billion-dollar government loans to help them stay afloat. It’s a sobering time for the industry, but is the show entirely devoid of the usual glitz and glamour? Money Talks has been finding out. Report: Jodi Breisler This week on Money Talks: German economy to get €50 billion boost - Mixed response to Commerzbank bailout - UK consumers cutting back amid gloom - Carmakers put on a brave face at Detroit showGermany to Pump €50b Into Economy The second stimulus package is meant to shield the economy from the worst recession since World War Two as well as to silence critics who have accused the government of doing too little so far. Chancellor Angela Merkel's grand coalition of conservatives and Social Democrats have agreed to billions of euros in new investments in infrastructure, modest tax cuts and state guarantees for struggling German firms. Economists have welcomed the package but some say it is unlikely to have more than a marginal effect on Europe's largest economy. Germany fell into recession last year and is expected to contract by 2 percent or more in 2009, its worst post-war performance. Report: Uwe Hessler Mixed Response to Bailout of Major German Bank Commerzbank is Germany’s first major private bank to apply for government aid after Berlin announced a 500-billion-euro rescue package for financial institutions hit by the global credit crisis. The German government’s decision to grant billions of euros in state aid for the second time in a matter of weeks to Commerzbank, the country’s second-largest bank, has been generally welcomed. However, the move has also drawn criticism from some quarters. The bank received 8.2 billion euros from the state last November and is now to get an additional 10 billion euros. In return, the government will acquire a 25-percent stake plus one share in the troubled bank. Meanwhile, the money has allowed Commerzbank to complete the somewhat controversial takeover of the private Dresdner Bank. Money Talks takes a closer look at the bailout and how people have been reacting to it. Report: Robert Mudge / Ranjitha Balasubramanyam / Sarah Stolarz Experts Predict Grim Outlook for Britain The British retail sector has already lost some big names in the current crisis. The UK, like other European nations, is taking additional measures to battle the effects of the global economic crisis. However, many analysts say they are not convinced that historically low interest rates and the British government's response so far will be enough to avoid a long, deep recession. According to a leading thinktank, the UK economy shrank by 1.5 percent in the last three months of 2008 -- its worst performance in 28 years. There are fears that official figures to be published soon will confirm that Britain is in recession. Amid the downturn, many High Street icons are going bust although surprisingly, others continue to chalk up record sales. Report: Olly Barratt Carmakers Put On A Brave Face in Detroit Car manufacturers are showcasing their newest fuel-efficient products in the midst of tough economic times. Some companies participating in the North American International Auto Show are trying to fend off financial disaster. In fact, two of Detroit’s so-called ''Big Three'' have recently received multi-billion-dollar government loans to help them stay afloat. It’s a sobering time for the industry, but is the show entirely devoid of the usual glitz and glamour? Money Talks has been finding out. Report: Jodi Breisler tag:odeo.com,2009-01-13,23873329 Tue, 13 Jan 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614044-Old_Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: German economy to get €50 billion boost -- Mixed response to Commerzbank bailout -- UK consumers cutting back amid gloom -- Carmakers put on a brave face at Detroit showGermany to Pump €50b Into Economy The second stimulus package is meant to shield the economy from the worst recession since World War Two as well as to silence critics who have accused the government of doing too little so far. Chancellor Angela Merkel's grand coalition of conservatives and Social Democrats have agreed to billions of euros in new investments in infrastructure, modest tax cuts and state guarantees for struggling German firms. Economists have welcomed the package but some say it is unlikely to have more than a marginal effect on Europe's largest economy. Germany fell into recession last year and is expected to contract by 2 percent or more in 2009, its worst post-war performance. Report: Uwe Hessler Mixed Response to Bailout of Major German Bank Commerzbank is Germany’s first ... This week on Money Talks: German economy to get €50 billion boost -- Mixed response to Commerzbank bailout -- UK consumers cutting back amid gloom -- Carmakers put on a brave face at Detroit showGermany to Pump €50b Into Economy The second stimulus package is meant to shield the economy from the worst recession since World War Two as well as to silence critics who have accused the government of doing too little so far. Chancellor Angela Merkel's grand coalition of conservatives and Social Democrats have agreed to billions of euros in new investments in infrastructure, modest tax cuts and state guarantees for struggling German firms. Economists have welcomed the package but some say it is unlikely to have more than a marginal effect on Europe's largest economy. Germany fell into recession last year and is expected to contract by 2 percent or more in 2009, its worst post-war performance. Report: Uwe Hessler Mixed Response to Bailout of Major German Bank Commerzbank is Germany’s first major private bank to apply for government aid after Berlin announced a 500-billion-euro rescue package for financial institutions hit by the global credit crisis. The German government’s decision to grant billions of euros in state aid for the second time in a matter of weeks to Commerzbank, the country’s second-largest bank, has been generally welcomed. However, the move has also drawn criticism from some quarters. The bank received 8.2 billion euros from the state last November and is now to get an additional 10 billion euros. In return, the government will acquire a 25-percent stake plus one share in the troubled bank. Meanwhile, the money has allowed Commerzbank to complete the somewhat controversial takeover of the private Dresdner Bank. Money Talks takes a closer look at the bailout and how people have been reacting to it. Report: Robert Mudge / Ranjitha Balasubramanyam / Sarah Stolarz Experts Predict Grim Outlook for Britain The British retail sector has already lost some big names in the current crisis. The UK, like other European nations, is taking additional measures to battle the effects of the global economic crisis. However, many analysts say they are not convinced that historically low interest rates and the British government's response so far will be enough to avoid a long, deep recession. According to a leading thinktank, the UK economy shrank by 1.5 percent in the last three months of 2008 -- its worst performance in 28 years. There are fears that official figures to be published soon will confirm that Britain is in recession. Amid the downturn, many High Street icons are going bust although surprisingly, others continue to chalk up record sales. Report: Olly Barratt Carmakers Put On A Brave Face in Detroit Car manufacturers are showcasing their newest fuel-efficient products in the midst of tough economic times. Some companies participating in the North American International Auto Show are trying to fend off financial disaster. In fact, two of Detroit’s so-called ''Big Three'' have recently received multi-billion-dollar government loans to help them stay afloat. It’s a sobering time for the industry, but is the show entirely devoid of the usual glitz and glamour? Money Talks has been finding out. Report: Jodi Breisler This week on Money Talks: German economy to get €50 billion boost -- Mixed response to Commerzbank bailout -- UK consumers cutting back amid gloom -- Carmakers put on a brave face at Detroit showGermany to Pump €50b Into Economy The second stimulus package is meant to shield the economy from the worst recession since World War Two as well as to silence critics who have accused the government of doing too little so far. Chancellor Angela Merkel's grand coalition of conservatives and Social Democrats have agreed to billions of euros in new investments in infrastructure, modest tax cuts and state guarantees for struggling German firms. Economists have welcomed the package but some say it is unlikely to have more than a marginal effect on Europe's largest economy. Germany fell into recession last year and is expected to contract by 2 percent or more in 2009, its worst post-war performance. Report: Uwe Hessler Mixed Response to Bailout of Major German Bank Commerzbank is Germany’s first major private bank to apply for government aid after Berlin announced a 500-billion-euro rescue package for financial institutions hit by the global credit crisis. The German government’s decision to grant billions of euros in state aid for the second time in a matter of weeks to Commerzbank, the country’s second-largest bank, has been generally welcomed. However, the move has also drawn criticism from some quarters. The bank received 8.2 billion euros from the state last November and is now to get an additional 10 billion euros. In return, the government will acquire a 25-percent stake plus one share in the troubled bank. Meanwhile, the money has allowed Commerzbank to complete the somewhat controversial takeover of the private Dresdner Bank. Money Talks takes a closer look at the bailout and how people have been reacting to it. Report: Robert Mudge / Ranjitha Balasubramanyam / Sarah Stolarz Experts Predict Grim Outlook for Britain The British retail sector has already lost some big names in the current crisis. The UK, like other European nations, is taking additional measures to battle the effects of the global economic crisis. However, many analysts say they are not convinced that historically low interest rates and the British government's response so far will be enough to avoid a long, deep recession. According to a leading thinktank, the UK economy shrank by 1.5 percent in the last three months of 2008 -- its worst performance in 28 years. There are fears that official figures to be published soon will confirm that Britain is in recession. Amid the downturn, many High Street icons are going bust although surprisingly, others continue to chalk up record sales. Report: Olly Barratt Carmakers Put On A Brave Face in Detroit Car manufacturers are showcasing their newest fuel-efficient products in the midst of tough economic times. Some companies participating in the North American International Auto Show are trying to fend off financial disaster. In fact, two of Detroit’s so-called ''Big Three'' have recently received multi-billion-dollar government loans to help them stay afloat. It’s a sobering time for the industry, but is the show entirely devoid of the usual glitz and glamour? Money Talks has been finding out. Report: Jodi Breisler tag:odeo.com,2009-01-13,24614044 Tue, 13 Jan 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23839351-Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: Europe feels the cold amid gas row - German economy likely to get €50b injection - How China is hurting from a slump in exports - Can Slovakia's Roma cash in on the euro?Europe Feels the Cold Amid Gas Row The European Union has condemned cuts in gas supplies from Russia to some member states. The Czech Republic, which currently holds the EU’s rotating presidency, and the European Commission are demanding that supplies be restored immediately. Russia cut supplies to Ukraine over accusations that Kiev was siphoning off deliveries destined for Europe as well as allegedly unpaid bills. The EU, depends on Russia for around 25 percent of its total gas needs. Officials in Brussels said the cut had already affected supplies to EU countries like Romania, Bulgaria and Greece. Germany, Austria and the Czech Republic also reported sharp drops in supplies. Money Talks asked Ferran Tarradellas, spokesman for the European Commission's top energy official, if the dispute w... This week on Money Talks: Europe feels the cold amid gas row - German economy likely to get €50b injection - How China is hurting from a slump in exports - Can Slovakia's Roma cash in on the euro?Europe Feels the Cold Amid Gas Row The European Union has condemned cuts in gas supplies from Russia to some member states. The Czech Republic, which currently holds the EU’s rotating presidency, and the European Commission are demanding that supplies be restored immediately. Russia cut supplies to Ukraine over accusations that Kiev was siphoning off deliveries destined for Europe as well as allegedly unpaid bills. The EU, depends on Russia for around 25 percent of its total gas needs. Officials in Brussels said the cut had already affected supplies to EU countries like Romania, Bulgaria and Greece. Germany, Austria and the Czech Republic also reported sharp drops in supplies. Money Talks asked Ferran Tarradellas, spokesman for the European Commission's top energy official, if the dispute would force the EU to seriously consider ways to avoid Russia as a supplier and Ukraine as a transit country. Interviewer: Ranjitha Balasubramanyam German Economy Likely to Get €50b Injection The government's second stimulus package is aimed at helping Europe’s biggest economy weather the effects of the current recession. Germany’s ruling coalition has reached agreement on a 50-billion-euro economic stimulus plan over the next two years. Leaders of Merkel’s Christian Democratic Union, its Bavarian sister party, the Christian Social Union, and the Social Democrats, all partners in the grand coalition, met on Monday to try to reach common ground on the proposed package. However, a final decision is not expected until next week. Deciding the best course of action is complicated as the political stakes are high: voters will deliver their verdict in a federal election in September. Report: Mark Mattox / Ranjitha Balasubramanyam Export Slump Hits Asian Powerhouse The economic downturn is being felt in China too, not least because China relies heavily on exports for its growth. For a while, China thought it was almost immune to the crisis that rocked the global financial system. However, fewer orders from around the world for toys, clothes and other goods is hurting the tens of thousands of factories that sprang up in the Pearl River Delta over the last few decades. Now there are almost daily reports about lay-offs and factory closures in Southern China, leading to rising social tensions. Report: Ruth Kirchner Can Slovakia's Roma Cash in on the Euro? Getting word to the Roma about their new money has presented some challenges. Slovakia has seen rapid economic growth in recent years, lifting many people out of poverty and reducing unemployment. The country has become the latest EU member state to adopt the European common currency, the euro. However, some in the Roma community remain fretful and confused. That’s despite an elaborate government programme to drive the message home ahead of the currency change. Report: Kerry Skyring This week on Money Talks: Europe feels the cold amid gas row - German economy likely to get €50b injection - How China is hurting from a slump in exports - Can Slovakia's Roma cash in on the euro?Europe Feels the Cold Amid Gas Row The European Union has condemned cuts in gas supplies from Russia to some member states. The Czech Republic, which currently holds the EU’s rotating presidency, and the European Commission are demanding that supplies be restored immediately. Russia cut supplies to Ukraine over accusations that Kiev was siphoning off deliveries destined for Europe as well as allegedly unpaid bills. The EU, depends on Russia for around 25 percent of its total gas needs. Officials in Brussels said the cut had already affected supplies to EU countries like Romania, Bulgaria and Greece. Germany, Austria and the Czech Republic also reported sharp drops in supplies. Money Talks asked Ferran Tarradellas, spokesman for the European Commission's top energy official, if the dispute would force the EU to seriously consider ways to avoid Russia as a supplier and Ukraine as a transit country. Interviewer: Ranjitha Balasubramanyam German Economy Likely to Get €50b Injection The government's second stimulus package is aimed at helping Europe’s biggest economy weather the effects of the current recession. Germany’s ruling coalition has reached agreement on a 50-billion-euro economic stimulus plan over the next two years. Leaders of Merkel’s Christian Democratic Union, its Bavarian sister party, the Christian Social Union, and the Social Democrats, all partners in the grand coalition, met on Monday to try to reach common ground on the proposed package. However, a final decision is not expected until next week. Deciding the best course of action is complicated as the political stakes are high: voters will deliver their verdict in a federal election in September. Report: Mark Mattox / Ranjitha Balasubramanyam Export Slump Hits Asian Powerhouse The economic downturn is being felt in China too, not least because China relies heavily on exports for its growth. For a while, China thought it was almost immune to the crisis that rocked the global financial system. However, fewer orders from around the world for toys, clothes and other goods is hurting the tens of thousands of factories that sprang up in the Pearl River Delta over the last few decades. Now there are almost daily reports about lay-offs and factory closures in Southern China, leading to rising social tensions. Report: Ruth Kirchner Can Slovakia's Roma Cash in on the Euro? Getting word to the Roma about their new money has presented some challenges. Slovakia has seen rapid economic growth in recent years, lifting many people out of poverty and reducing unemployment. The country has become the latest EU member state to adopt the European common currency, the euro. However, some in the Roma community remain fretful and confused. That’s despite an elaborate government programme to drive the message home ahead of the currency change. Report: Kerry Skyring tag:odeo.com,2009-01-06,23839351 Tue, 06 Jan 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614045-Old_Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: Europe feels the cold amid gas row -- German economy likely to get €50b injection -- How China is hurting from a slump in exports -- Can Slovakia's Roma cash in on the euro?Europe Feels the Cold Amid Gas Row The European Union has condemned cuts in gas supplies from Russia to some member states. The Czech Republic, which currently holds the EU’s rotating presidency, and the European Commission are demanding that supplies be restored immediately. Russia cut supplies to Ukraine over accusations that Kiev was siphoning off deliveries destined for Europe as well as allegedly unpaid bills. The EU, depends on Russia for around 25 percent of its total gas needs. Officials in Brussels said the cut had already affected supplies to EU countries like Romania, Bulgaria and Greece. Germany, Austria and the Czech Republic also reported sharp drops in supplies. Money Talks asked Ferran Tarradellas, spokesman for the European Commission's top energy official, if the disput... This week on Money Talks: Europe feels the cold amid gas row -- German economy likely to get €50b injection -- How China is hurting from a slump in exports -- Can Slovakia's Roma cash in on the euro?Europe Feels the Cold Amid Gas Row The European Union has condemned cuts in gas supplies from Russia to some member states. The Czech Republic, which currently holds the EU’s rotating presidency, and the European Commission are demanding that supplies be restored immediately. Russia cut supplies to Ukraine over accusations that Kiev was siphoning off deliveries destined for Europe as well as allegedly unpaid bills. The EU, depends on Russia for around 25 percent of its total gas needs. Officials in Brussels said the cut had already affected supplies to EU countries like Romania, Bulgaria and Greece. Germany, Austria and the Czech Republic also reported sharp drops in supplies. Money Talks asked Ferran Tarradellas, spokesman for the European Commission's top energy official, if the dispute would force the EU to seriously consider ways to avoid Russia as a supplier and Ukraine as a transit country. Interviewer: Ranjitha Balasubramanyam German Economy Likely to Get €50b Injection The government's second stimulus package is aimed at helping Europe’s biggest economy weather the effects of the current recession. Germany’s ruling coalition has reached agreement on a 50-billion-euro economic stimulus plan over the next two years. Leaders of Merkel’s Christian Democratic Union, its Bavarian sister party, the Christian Social Union, and the Social Democrats, all partners in the grand coalition, met on Monday to try to reach common ground on the proposed package. However, a final decision is not expected until next week. Deciding the best course of action is complicated as the political stakes are high: voters will deliver their verdict in a federal election in September. Report: Mark Mattox / Ranjitha Balasubramanyam Export Slump Hits Asian Powerhouse The economic downturn is being felt in China too, not least because China relies heavily on exports for its growth. For a while, China thought it was almost immune to the crisis that rocked the global financial system. However, fewer orders from around the world for toys, clothes and other goods is hurting the tens of thousands of factories that sprang up in the Pearl River Delta over the last few decades. Now there are almost daily reports about lay-offs and factory closures in Southern China, leading to rising social tensions. Report: Ruth Kirchner Can Slovakia's Roma Cash in on the Euro? Getting word to the Roma about their new money has presented some challenges. Slovakia has seen rapid economic growth in recent years, lifting many people out of poverty and reducing unemployment. The country has become the latest EU member state to adopt the European common currency, the euro. However, some in the Roma community remain fretful and confused. That’s despite an elaborate government programme to drive the message home ahead of the currency change. Report: Kerry Skyring This week on Money Talks: Europe feels the cold amid gas row -- German economy likely to get €50b injection -- How China is hurting from a slump in exports -- Can Slovakia's Roma cash in on the euro?Europe Feels the Cold Amid Gas Row The European Union has condemned cuts in gas supplies from Russia to some member states. The Czech Republic, which currently holds the EU’s rotating presidency, and the European Commission are demanding that supplies be restored immediately. Russia cut supplies to Ukraine over accusations that Kiev was siphoning off deliveries destined for Europe as well as allegedly unpaid bills. The EU, depends on Russia for around 25 percent of its total gas needs. Officials in Brussels said the cut had already affected supplies to EU countries like Romania, Bulgaria and Greece. Germany, Austria and the Czech Republic also reported sharp drops in supplies. Money Talks asked Ferran Tarradellas, spokesman for the European Commission's top energy official, if the dispute would force the EU to seriously consider ways to avoid Russia as a supplier and Ukraine as a transit country. Interviewer: Ranjitha Balasubramanyam German Economy Likely to Get €50b Injection The government's second stimulus package is aimed at helping Europe’s biggest economy weather the effects of the current recession. Germany’s ruling coalition has reached agreement on a 50-billion-euro economic stimulus plan over the next two years. Leaders of Merkel’s Christian Democratic Union, its Bavarian sister party, the Christian Social Union, and the Social Democrats, all partners in the grand coalition, met on Monday to try to reach common ground on the proposed package. However, a final decision is not expected until next week. Deciding the best course of action is complicated as the political stakes are high: voters will deliver their verdict in a federal election in September. Report: Mark Mattox / Ranjitha Balasubramanyam Export Slump Hits Asian Powerhouse The economic downturn is being felt in China too, not least because China relies heavily on exports for its growth. For a while, China thought it was almost immune to the crisis that rocked the global financial system. However, fewer orders from around the world for toys, clothes and other goods is hurting the tens of thousands of factories that sprang up in the Pearl River Delta over the last few decades. Now there are almost daily reports about lay-offs and factory closures in Southern China, leading to rising social tensions. Report: Ruth Kirchner Can Slovakia's Roma Cash in on the Euro? Getting word to the Roma about their new money has presented some challenges. Slovakia has seen rapid economic growth in recent years, lifting many people out of poverty and reducing unemployment. The country has become the latest EU member state to adopt the European common currency, the euro. However, some in the Roma community remain fretful and confused. That’s despite an elaborate government programme to drive the message home ahead of the currency change. Report: Kerry Skyring tag:odeo.com,2009-01-06,24614045 Tue, 06 Jan 2009 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614046-Old_Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: The Economic Year in review – Euro zone welcomes its newest member – France debates Sunday shopping.2008: The Economic Year in Review From tax evading in Liechtenstein, the crumbling of the auto industry around the world, and the financial crisis rocking the globe, 2008 was an interesting business year. There’s no denying it, 2008 was certainly one of the worst financial years the world has seen in a long time. Between oil prices skyrocketing through the roof and banks on Wall Street crumbling down, there was never a shortage of financial news. Money Talks takes a look back on the economic happenings of the past year. Report: Clare Atkinson Euro Zone Welcomes Its Newest Member On January 1, 2002 the euro was officially rolled out as usable currency. Now the 15 nations of the euro zone, the group of nations which use the euro, is welcoming in their 16th member, but are they ready? Slovakia becomes the 16th member of the Eurozone on January 1st, when it trade... This week on Money Talks: The Economic Year in review – Euro zone welcomes its newest member – France debates Sunday shopping.2008: The Economic Year in Review From tax evading in Liechtenstein, the crumbling of the auto industry around the world, and the financial crisis rocking the globe, 2008 was an interesting business year. There’s no denying it, 2008 was certainly one of the worst financial years the world has seen in a long time. Between oil prices skyrocketing through the roof and banks on Wall Street crumbling down, there was never a shortage of financial news. Money Talks takes a look back on the economic happenings of the past year. Report: Clare Atkinson Euro Zone Welcomes Its Newest Member On January 1, 2002 the euro was officially rolled out as usable currency. Now the 15 nations of the euro zone, the group of nations which use the euro, is welcoming in their 16th member, but are they ready? Slovakia becomes the 16th member of the Eurozone on January 1st, when it trades in the national currency – the koruna – for the euro. It's been a long and painful path to euro adoption – fiscal reforms introduced by the previous centre-right administration were deeply unpopular – but now the small Central European country, which joined the EU in 2004, could be about to reap the benefits of security at a time of great financial turmoil. Report: Rob Cameron France Debates Sunday Shopping On most Sundays shops and markets in Europe are closed for a day of rest. Germany has been fighting for years to have the rule rescinded, but has only gotten as far as having a select number of Sundays declared open for business. In France it’s much the same, but that might change is President Nicolas Sarkozy has his way. The holidays are coming to an end and that can only mean one thing: sales, sales and more sales. Across the world people will flock to their local markets and mega malls looking for bargains on the things the shops are trying to get rid of before next year’s items roll in. Because New Year’s Day falls on a Thursday this year, most people will only have Friday and Saturday to do their shopping before returning to work next week. But at this time next year that may not be the case in France. A proposed new law was debated earlier this month by the French parliament. It calls for stores to be able to open their doors on 10 Sundays a year, instead of the current five. President Nicolas Sarkozy was forced to significantly water down the legislation after he found himself under attack from the left and right. Opponents said getting rid of the nation’s collective day off would change an important part of French culture. Report: Eleanor Beardsley This week on Money Talks: The Economic Year in review – Euro zone welcomes its newest member – France debates Sunday shopping.2008: The Economic Year in Review From tax evading in Liechtenstein, the crumbling of the auto industry around the world, and the financial crisis rocking the globe, 2008 was an interesting business year. There’s no denying it, 2008 was certainly one of the worst financial years the world has seen in a long time. Between oil prices skyrocketing through the roof and banks on Wall Street crumbling down, there was never a shortage of financial news. Money Talks takes a look back on the economic happenings of the past year. Report: Clare Atkinson Euro Zone Welcomes Its Newest Member On January 1, 2002 the euro was officially rolled out as usable currency. Now the 15 nations of the euro zone, the group of nations which use the euro, is welcoming in their 16th member, but are they ready? Slovakia becomes the 16th member of the Eurozone on January 1st, when it trades in the national currency – the koruna – for the euro. It's been a long and painful path to euro adoption – fiscal reforms introduced by the previous centre-right administration were deeply unpopular – but now the small Central European country, which joined the EU in 2004, could be about to reap the benefits of security at a time of great financial turmoil. Report: Rob Cameron France Debates Sunday Shopping On most Sundays shops and markets in Europe are closed for a day of rest. Germany has been fighting for years to have the rule rescinded, but has only gotten as far as having a select number of Sundays declared open for business. In France it’s much the same, but that might change is President Nicolas Sarkozy has his way. The holidays are coming to an end and that can only mean one thing: sales, sales and more sales. Across the world people will flock to their local markets and mega malls looking for bargains on the things the shops are trying to get rid of before next year’s items roll in. Because New Year’s Day falls on a Thursday this year, most people will only have Friday and Saturday to do their shopping before returning to work next week. But at this time next year that may not be the case in France. A proposed new law was debated earlier this month by the French parliament. It calls for stores to be able to open their doors on 10 Sundays a year, instead of the current five. President Nicolas Sarkozy was forced to significantly water down the legislation after he found himself under attack from the left and right. Opponents said getting rid of the nation’s collective day off would change an important part of French culture. Report: Eleanor Beardsley tag:odeo.com,2008-12-30,24614046 Tue, 30 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23819197-Money-Talks-Business-News-from-the-Heart-of-Europe This week on Money Talks: The Economic Year in review – Euro zone welcomes its newest member – France debates Sunday shopping.2008: The Economic Year in Review From tax evading in Liechtenstein, the crumbling of the auto industry around the world, and the financial crisis rocking the globe, 2008 was an interesting business year. There’s no denying it, 2008 was certainly one of the worst financial years the world has seen in a long time. Between oil prices skyrocketing through the roof and banks on Wall Street crumbling down, there was never a shortage of financial news. Money Talks takes a look back on the economic happenings of the past year. Report: Clare Atkinson Euro Zone Welcomes Its Newest Member On January 1, 2002 the euro was officially rolled out as usable currency. Now the 15 nations of the euro zone, the group of nations which use the euro, is welcoming in their 16th member, but are they ready? Slovakia becomes the 16th member of the Eurozone on January 1st, when it trade... This week on Money Talks: The Economic Year in review – Euro zone welcomes its newest member – France debates Sunday shopping.2008: The Economic Year in Review From tax evading in Liechtenstein, the crumbling of the auto industry around the world, and the financial crisis rocking the globe, 2008 was an interesting business year. There’s no denying it, 2008 was certainly one of the worst financial years the world has seen in a long time. Between oil prices skyrocketing through the roof and banks on Wall Street crumbling down, there was never a shortage of financial news. Money Talks takes a look back on the economic happenings of the past year. Report: Clare Atkinson Euro Zone Welcomes Its Newest Member On January 1, 2002 the euro was officially rolled out as usable currency. Now the 15 nations of the euro zone, the group of nations which use the euro, is welcoming in their 16th member, but are they ready? Slovakia becomes the 16th member of the Eurozone on January 1st, when it trades in the national currency – the koruna – for the euro. It's been a long and painful path to euro adoption – fiscal reforms introduced by the previous centre-right administration were deeply unpopular – but now the small Central European country, which joined the EU in 2004, could be about to reap the benefits of security at a time of great financial turmoil. Report: Rob Cameron France Debates Sunday Shopping On most Sundays shops and markets in Europe are closed for a day of rest. Germany has been fighting for years to have the rule rescinded, but has only gotten as far as having a select number of Sundays declared open for business. In France it’s much the same, but that might change is President Nicolas Sarkozy has his way. The holidays are coming to an end and that can only mean one thing: sales, sales and more sales. Across the world people will flock to their local markets and mega malls looking for bargains on the things the shops are trying to get rid of before next year’s items roll in. Because New Year’s Day falls on a Thursday this year, most people will only have Friday and Saturday to do their shopping before returning to work next week. But at this time next year that may not be the case in France. A proposed new law was debated earlier this month by the French parliament. It calls for stores to be able to open their doors on 10 Sundays a year, instead of the current five. President Nicolas Sarkozy was forced to significantly water down the legislation after he found himself under attack from the left and right. Opponents said getting rid of the nation’s collective day off would change an important part of French culture. Report: Eleanor Beardsley This week on Money Talks: The Economic Year in review – Euro zone welcomes its newest member – France debates Sunday shopping.2008: The Economic Year in Review From tax evading in Liechtenstein, the crumbling of the auto industry around the world, and the financial crisis rocking the globe, 2008 was an interesting business year. There’s no denying it, 2008 was certainly one of the worst financial years the world has seen in a long time. Between oil prices skyrocketing through the roof and banks on Wall Street crumbling down, there was never a shortage of financial news. Money Talks takes a look back on the economic happenings of the past year. Report: Clare Atkinson Euro Zone Welcomes Its Newest Member On January 1, 2002 the euro was officially rolled out as usable currency. Now the 15 nations of the euro zone, the group of nations which use the euro, is welcoming in their 16th member, but are they ready? Slovakia becomes the 16th member of the Eurozone on January 1st, when it trades in the national currency – the koruna – for the euro. It's been a long and painful path to euro adoption – fiscal reforms introduced by the previous centre-right administration were deeply unpopular – but now the small Central European country, which joined the EU in 2004, could be about to reap the benefits of security at a time of great financial turmoil. Report: Rob Cameron France Debates Sunday Shopping On most Sundays shops and markets in Europe are closed for a day of rest. Germany has been fighting for years to have the rule rescinded, but has only gotten as far as having a select number of Sundays declared open for business. In France it’s much the same, but that might change is President Nicolas Sarkozy has his way. The holidays are coming to an end and that can only mean one thing: sales, sales and more sales. Across the world people will flock to their local markets and mega malls looking for bargains on the things the shops are trying to get rid of before next year’s items roll in. Because New Year’s Day falls on a Thursday this year, most people will only have Friday and Saturday to do their shopping before returning to work next week. But at this time next year that may not be the case in France. A proposed new law was debated earlier this month by the French parliament. It calls for stores to be able to open their doors on 10 Sundays a year, instead of the current five. President Nicolas Sarkozy was forced to significantly water down the legislation after he found himself under attack from the left and right. Opponents said getting rid of the nation’s collective day off would change an important part of French culture. Report: Eleanor Beardsley tag:odeo.com,2008-12-30,23819197 Tue, 30 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23804200-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: The IMF is heading to Turkey – Handmade goods are pushing out mass produced items – Christmas Markets with a twist – Paul Krugman talks about the future of the world’s economies.IMF to Bail Out Turkey For many nations, facing the world economic crisis is just too much for them to handle. Good thing the IMF is there. At the beginning of January the International Monetary Mund (IMF) is due to visit Turkey to negotiate a possible new agreement, expected to be worth around $20 billion. It would be the 20th Ankara has made with the fund. The last program in 2001 helped to save the country from its worst economic crisis since World War II and this achievement has been held up as one the IMF’s great successes. With the Turkish stock market and currency being hit hard by the world economic crisis, much of the Turkish business community is again looking to the fund for help. But the Turkish government is far from enthusiastic about an IMF deal. Report: Dorian Jones ... This week on Money Talks: The IMF is heading to Turkey – Handmade goods are pushing out mass produced items – Christmas Markets with a twist – Paul Krugman talks about the future of the world’s economies.IMF to Bail Out Turkey For many nations, facing the world economic crisis is just too much for them to handle. Good thing the IMF is there. At the beginning of January the International Monetary Mund (IMF) is due to visit Turkey to negotiate a possible new agreement, expected to be worth around $20 billion. It would be the 20th Ankara has made with the fund. The last program in 2001 helped to save the country from its worst economic crisis since World War II and this achievement has been held up as one the IMF’s great successes. With the Turkish stock market and currency being hit hard by the world economic crisis, much of the Turkish business community is again looking to the fund for help. But the Turkish government is far from enthusiastic about an IMF deal. Report: Dorian Jones Handmade Pushes Out Mass-Produced The onslaught of a recession is usually not a good time to think about buying anything with the words ‘hand-crafted’ on the label. But a German website is changing all that. Many people would rather buy a beautifully hand-crafted vase or a custom-made outfit instead of a standard item off the rack. So it’s no surprise that the market for individually crafted goods has boomed over the last few years in Germany. In large cities, the demand for unique rather than mass-produced items has led to an increase of small specialty shops. Even old workshops where the customized goods are produced are making a comeback. Report: Grit Krause / Kateri Jochum Berlin Christmas Market with a Twist Traditional German Christmas Markets can be found in just about every city, town and village in Germany at this time of year, but not everyone can afford to take part in the holiday cheer they supply. Now a group in Berlin has tossed that idea out the window. In Germany, one sure sign that Christmas is on its way are the festive markets across the country. There’s music, and decorations, and visitors can enjoy mulled wine and gingerbread, or shop for holiday gifts. With Germany officially in recession, it’s hard for some families to find much cheer in the season. That’s especially the case in Berlin, which has some of the highest unemployment figures in the country. But Berlin’s low-income families won’t be left out of the holiday cheer this year. Report: Susan Stone Paul Krugman on the Economic Crisis Nobel Prize winner and Princeton professor Paul Krugman sat down with Deutsche Welle to give his views on our economic past and what the future might hold. Economics Nobel Prize winner Paul Krugman published the second edition of his book “The return of Depression economics – and the crisis of 2008” at the beginning of December this year. In it he sets out to explain why the crisis has occurred and what should be done about it in the context of the US. Report: Sarah Stolarz This week on Money Talks: The IMF is heading to Turkey – Handmade goods are pushing out mass produced items – Christmas Markets with a twist – Paul Krugman talks about the future of the world’s economies.IMF to Bail Out Turkey For many nations, facing the world economic crisis is just too much for them to handle. Good thing the IMF is there. At the beginning of January the International Monetary Mund (IMF) is due to visit Turkey to negotiate a possible new agreement, expected to be worth around $20 billion. It would be the 20th Ankara has made with the fund. The last program in 2001 helped to save the country from its worst economic crisis since World War II and this achievement has been held up as one the IMF’s great successes. With the Turkish stock market and currency being hit hard by the world economic crisis, much of the Turkish business community is again looking to the fund for help. But the Turkish government is far from enthusiastic about an IMF deal. Report: Dorian Jones Handmade Pushes Out Mass-Produced The onslaught of a recession is usually not a good time to think about buying anything with the words ‘hand-crafted’ on the label. But a German website is changing all that. Many people would rather buy a beautifully hand-crafted vase or a custom-made outfit instead of a standard item off the rack. So it’s no surprise that the market for individually crafted goods has boomed over the last few years in Germany. In large cities, the demand for unique rather than mass-produced items has led to an increase of small specialty shops. Even old workshops where the customized goods are produced are making a comeback. Report: Grit Krause / Kateri Jochum Berlin Christmas Market with a Twist Traditional German Christmas Markets can be found in just about every city, town and village in Germany at this time of year, but not everyone can afford to take part in the holiday cheer they supply. Now a group in Berlin has tossed that idea out the window. In Germany, one sure sign that Christmas is on its way are the festive markets across the country. There’s music, and decorations, and visitors can enjoy mulled wine and gingerbread, or shop for holiday gifts. With Germany officially in recession, it’s hard for some families to find much cheer in the season. That’s especially the case in Berlin, which has some of the highest unemployment figures in the country. But Berlin’s low-income families won’t be left out of the holiday cheer this year. Report: Susan Stone Paul Krugman on the Economic Crisis Nobel Prize winner and Princeton professor Paul Krugman sat down with Deutsche Welle to give his views on our economic past and what the future might hold. Economics Nobel Prize winner Paul Krugman published the second edition of his book “The return of Depression economics – and the crisis of 2008” at the beginning of December this year. In it he sets out to explain why the crisis has occurred and what should be done about it in the context of the US. Report: Sarah Stolarz tag:odeo.com,2008-12-23,23804200 Tue, 23 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614047-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: The IMF is heading to Turkey – Handmade goods are pushing out mass produced items – Christmas Markets with a twist – Paul Krugman talks about the future of the world’s economies.IMF to Bail Out Turkey For many nations, facing the world economic crisis is just too much for them to handle. Good thing the IMF is there. At the beginning of January the International Monetary Mund (IMF) is due to visit Turkey to negotiate a possible new agreement, expected to be worth around $20 billion. It would be the 20th Ankara has made with the fund. The last program in 2001 helped to save the country from its worst economic crisis since World War II and this achievement has been held up as one the IMF’s great successes. With the Turkish stock market and currency being hit hard by the world economic crisis, much of the Turkish business community is again looking to the fund for help. But the Turkish government is far from enthusiastic about an IMF deal. Report: Dorian Jones ... This week on Money Talks: The IMF is heading to Turkey – Handmade goods are pushing out mass produced items – Christmas Markets with a twist – Paul Krugman talks about the future of the world’s economies.IMF to Bail Out Turkey For many nations, facing the world economic crisis is just too much for them to handle. Good thing the IMF is there. At the beginning of January the International Monetary Mund (IMF) is due to visit Turkey to negotiate a possible new agreement, expected to be worth around $20 billion. It would be the 20th Ankara has made with the fund. The last program in 2001 helped to save the country from its worst economic crisis since World War II and this achievement has been held up as one the IMF’s great successes. With the Turkish stock market and currency being hit hard by the world economic crisis, much of the Turkish business community is again looking to the fund for help. But the Turkish government is far from enthusiastic about an IMF deal. Report: Dorian Jones Handmade Pushes Out Mass-Produced The onslaught of a recession is usually not a good time to think about buying anything with the words ‘hand-crafted’ on the label. But a German website is changing all that. Many people would rather buy a beautifully hand-crafted vase or a custom-made outfit instead of a standard item off the rack. So it’s no surprise that the market for individually crafted goods has boomed over the last few years in Germany. In large cities, the demand for unique rather than mass-produced items has led to an increase of small specialty shops. Even old workshops where the customized goods are produced are making a comeback. Report: Grit Krause / Kateri Jochum Berlin Christmas Market with a Twist Traditional German Christmas Markets can be found in just about every city, town and village in Germany at this time of year, but not everyone can afford to take part in the holiday cheer they supply. Now a group in Berlin has tossed that idea out the window. In Germany, one sure sign that Christmas is on its way are the festive markets across the country. There’s music, and decorations, and visitors can enjoy mulled wine and gingerbread, or shop for holiday gifts. With Germany officially in recession, it’s hard for some families to find much cheer in the season. That’s especially the case in Berlin, which has some of the highest unemployment figures in the country. But Berlin’s low-income families won’t be left out of the holiday cheer this year. Report: Susan Stone Paul Krugman on the Economic Crisis Nobel Prize winner and Princeton professor Paul Krugman sat down with Deutsche Welle to give his views on our economic past and what the future might hold. Economics Nobel Prize winner Paul Krugman published the second edition of his book “The return of Depression economics – and the crisis of 2008” at the beginning of December this year. In it he sets out to explain why the crisis has occurred and what should be done about it in the context of the US. Report: Sarah Stolarz This week on Money Talks: The IMF is heading to Turkey – Handmade goods are pushing out mass produced items – Christmas Markets with a twist – Paul Krugman talks about the future of the world’s economies.IMF to Bail Out Turkey For many nations, facing the world economic crisis is just too much for them to handle. Good thing the IMF is there. At the beginning of January the International Monetary Mund (IMF) is due to visit Turkey to negotiate a possible new agreement, expected to be worth around $20 billion. It would be the 20th Ankara has made with the fund. The last program in 2001 helped to save the country from its worst economic crisis since World War II and this achievement has been held up as one the IMF’s great successes. With the Turkish stock market and currency being hit hard by the world economic crisis, much of the Turkish business community is again looking to the fund for help. But the Turkish government is far from enthusiastic about an IMF deal. Report: Dorian Jones Handmade Pushes Out Mass-Produced The onslaught of a recession is usually not a good time to think about buying anything with the words ‘hand-crafted’ on the label. But a German website is changing all that. Many people would rather buy a beautifully hand-crafted vase or a custom-made outfit instead of a standard item off the rack. So it’s no surprise that the market for individually crafted goods has boomed over the last few years in Germany. In large cities, the demand for unique rather than mass-produced items has led to an increase of small specialty shops. Even old workshops where the customized goods are produced are making a comeback. Report: Grit Krause / Kateri Jochum Berlin Christmas Market with a Twist Traditional German Christmas Markets can be found in just about every city, town and village in Germany at this time of year, but not everyone can afford to take part in the holiday cheer they supply. Now a group in Berlin has tossed that idea out the window. In Germany, one sure sign that Christmas is on its way are the festive markets across the country. There’s music, and decorations, and visitors can enjoy mulled wine and gingerbread, or shop for holiday gifts. With Germany officially in recession, it’s hard for some families to find much cheer in the season. That’s especially the case in Berlin, which has some of the highest unemployment figures in the country. But Berlin’s low-income families won’t be left out of the holiday cheer this year. Report: Susan Stone Paul Krugman on the Economic Crisis Nobel Prize winner and Princeton professor Paul Krugman sat down with Deutsche Welle to give his views on our economic past and what the future might hold. Economics Nobel Prize winner Paul Krugman published the second edition of his book “The return of Depression economics – and the crisis of 2008” at the beginning of December this year. In it he sets out to explain why the crisis has occurred and what should be done about it in the context of the US. Report: Sarah Stolarz tag:odeo.com,2008-12-23,24614047 Tue, 23 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23765520-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: The EU agrees on economic recovery measures – Germany’s biggest credit card issuer in data theft scare – British retail icon closing its doors for good – Transforming former industrial areas into thriving urban spacesEU Summit Strategy for European Economic Recovery After the two-day of meeting of EU leaders in Brussels that ended on the 12th of December there was agreement to spend the equivalent of 1.5 percent of the EU ‘s gross domestic product. This means around 200 billion euros will be used to stimulate demand among consumers to steer the EU economy away from a deep recession. Member states have been given considerable latitude on how to act on this promise. Some eastern member states do not have the money while others like Germany don’t see encouraging consumption as a sustainable solution to the economic downturn. (Report: Barbara Wesel/Diana Fong/Catherine Graue) LBB Credit Card Data Theft A new data theft scandal is rocking Germany as tens of thou... This week on Money Talks: The EU agrees on economic recovery measures – Germany’s biggest credit card issuer in data theft scare – British retail icon closing its doors for good – Transforming former industrial areas into thriving urban spacesEU Summit Strategy for European Economic Recovery After the two-day of meeting of EU leaders in Brussels that ended on the 12th of December there was agreement to spend the equivalent of 1.5 percent of the EU ‘s gross domestic product. This means around 200 billion euros will be used to stimulate demand among consumers to steer the EU economy away from a deep recession. Member states have been given considerable latitude on how to act on this promise. Some eastern member states do not have the money while others like Germany don’t see encouraging consumption as a sustainable solution to the economic downturn. (Report: Barbara Wesel/Diana Fong/Catherine Graue) LBB Credit Card Data Theft A new data theft scandal is rocking Germany as tens of thousands of credit card holders are being called upon to check their accounts for unwarranted withdrawals. The scandal was disclosed after German daily newspaper “Frankfurter Rundschau” received a parcel containing classified credit card information stolen from Landesbank Berlin. The parcel was sent anonymously, leaving police and bank officials still guessing about the overall magnitude of the scandal. (Report: Uwe Hessler) British Retail Icon Woolworths Facing Closure As the credit crunch and consumer pessimism continues to bite, one of the UK’s best loved high-street chains is closing after nearly a century of successful business. Woolworths Group PLC said it will launch a closure sale at its stores which could lead to the demise of the retail icon which has been part of the British way of life for generations. Woolworths is holding a closing down sale after administrators could not find a buyer for the retail chain which has over 800 stores. Woolworths staff are facing mass redundancies and the entire retail industry looks on with nervous concern. (Report: Lars Bevanger) Industrial Areas Redesigned for Business and Arts The New Yorker hotel in Cologne offers not only hotel rooms but also an art gallery, a library, a night club and business conference rooms, all under the same roof. The founder, designer and general manager is architect-turned-small-business-owner who decided to set up the hotel in Cologne because old industrial area of Deutz reminded him of the Meat Packing and Chelsea districts in NYC. Money Talks looks at how former industrial sites are being revitalised into vibrant neighbourhoods. (Report: Alex Bakst) This week on Money Talks: The EU agrees on economic recovery measures – Germany’s biggest credit card issuer in data theft scare – British retail icon closing its doors for good – Transforming former industrial areas into thriving urban spacesEU Summit Strategy for European Economic Recovery After the two-day of meeting of EU leaders in Brussels that ended on the 12th of December there was agreement to spend the equivalent of 1.5 percent of the EU ‘s gross domestic product. This means around 200 billion euros will be used to stimulate demand among consumers to steer the EU economy away from a deep recession. Member states have been given considerable latitude on how to act on this promise. Some eastern member states do not have the money while others like Germany don’t see encouraging consumption as a sustainable solution to the economic downturn. (Report: Barbara Wesel/Diana Fong/Catherine Graue) LBB Credit Card Data Theft A new data theft scandal is rocking Germany as tens of thousands of credit card holders are being called upon to check their accounts for unwarranted withdrawals. The scandal was disclosed after German daily newspaper “Frankfurter Rundschau” received a parcel containing classified credit card information stolen from Landesbank Berlin. The parcel was sent anonymously, leaving police and bank officials still guessing about the overall magnitude of the scandal. (Report: Uwe Hessler) British Retail Icon Woolworths Facing Closure As the credit crunch and consumer pessimism continues to bite, one of the UK’s best loved high-street chains is closing after nearly a century of successful business. Woolworths Group PLC said it will launch a closure sale at its stores which could lead to the demise of the retail icon which has been part of the British way of life for generations. Woolworths is holding a closing down sale after administrators could not find a buyer for the retail chain which has over 800 stores. Woolworths staff are facing mass redundancies and the entire retail industry looks on with nervous concern. (Report: Lars Bevanger) Industrial Areas Redesigned for Business and Arts The New Yorker hotel in Cologne offers not only hotel rooms but also an art gallery, a library, a night club and business conference rooms, all under the same roof. The founder, designer and general manager is architect-turned-small-business-owner who decided to set up the hotel in Cologne because old industrial area of Deutz reminded him of the Meat Packing and Chelsea districts in NYC. Money Talks looks at how former industrial sites are being revitalised into vibrant neighbourhoods. (Report: Alex Bakst) tag:odeo.com,2008-12-16,23765520 Tue, 16 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614048-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: The EU agrees on economic recovery measures – Germany’s biggest credit card issuer in data theft scare – British retail icon closing its doors for good – Transforming former industrial areas into thriving urban spacesEU Summit Strategy for European Economic Recovery After the two-day of meeting of EU leaders in Brussels that ended on the 12th of December there was agreement to spend the equivalent of 1.5 percent of the EU ‘s gross domestic product. This means around 200 billion euros will be used to stimulate demand among consumers to steer the EU economy away from a deep recession. Member states have been given considerable latitude on how to act on this promise. Some eastern member states do not have the money while others like Germany don’t see encouraging consumption as a sustainable solution to the economic downturn. (Report: Barbara Wesel/Diana Fong/Catherine Graue) LBB Credit Card Data Theft A new data theft scandal is rocking Germany as tens of thou... This week on Money Talks: The EU agrees on economic recovery measures – Germany’s biggest credit card issuer in data theft scare – British retail icon closing its doors for good – Transforming former industrial areas into thriving urban spacesEU Summit Strategy for European Economic Recovery After the two-day of meeting of EU leaders in Brussels that ended on the 12th of December there was agreement to spend the equivalent of 1.5 percent of the EU ‘s gross domestic product. This means around 200 billion euros will be used to stimulate demand among consumers to steer the EU economy away from a deep recession. Member states have been given considerable latitude on how to act on this promise. Some eastern member states do not have the money while others like Germany don’t see encouraging consumption as a sustainable solution to the economic downturn. (Report: Barbara Wesel/Diana Fong/Catherine Graue) LBB Credit Card Data Theft A new data theft scandal is rocking Germany as tens of thousands of credit card holders are being called upon to check their accounts for unwarranted withdrawals. The scandal was disclosed after German daily newspaper “Frankfurter Rundschau” received a parcel containing classified credit card information stolen from Landesbank Berlin. The parcel was sent anonymously, leaving police and bank officials still guessing about the overall magnitude of the scandal. (Report: Uwe Hessler) British Retail Icon Woolworths Facing Closure As the credit crunch and consumer pessimism continues to bite, one of the UK’s best loved high-street chains is closing after nearly a century of successful business. Woolworths Group PLC said it will launch a closure sale at its stores which could lead to the demise of the retail icon which has been part of the British way of life for generations. Woolworths is holding a closing down sale after administrators could not find a buyer for the retail chain which has over 800 stores. Woolworths staff are facing mass redundancies and the entire retail industry looks on with nervous concern. (Report: Lars Bevanger) Industrial Areas Redesigned for Business and Arts The New Yorker hotel in Cologne offers not only hotel rooms but also an art gallery, a library, a night club and business conference rooms, all under the same roof. The founder, designer and general manager is architect-turned-small-business-owner who decided to set up the hotel in Cologne because old industrial area of Deutz reminded him of the Meat Packing and Chelsea districts in NYC. Money Talks looks at how former industrial sites are being revitalised into vibrant neighbourhoods. (Report: Alex Bakst) This week on Money Talks: The EU agrees on economic recovery measures – Germany’s biggest credit card issuer in data theft scare – British retail icon closing its doors for good – Transforming former industrial areas into thriving urban spacesEU Summit Strategy for European Economic Recovery After the two-day of meeting of EU leaders in Brussels that ended on the 12th of December there was agreement to spend the equivalent of 1.5 percent of the EU ‘s gross domestic product. This means around 200 billion euros will be used to stimulate demand among consumers to steer the EU economy away from a deep recession. Member states have been given considerable latitude on how to act on this promise. Some eastern member states do not have the money while others like Germany don’t see encouraging consumption as a sustainable solution to the economic downturn. (Report: Barbara Wesel/Diana Fong/Catherine Graue) LBB Credit Card Data Theft A new data theft scandal is rocking Germany as tens of thousands of credit card holders are being called upon to check their accounts for unwarranted withdrawals. The scandal was disclosed after German daily newspaper “Frankfurter Rundschau” received a parcel containing classified credit card information stolen from Landesbank Berlin. The parcel was sent anonymously, leaving police and bank officials still guessing about the overall magnitude of the scandal. (Report: Uwe Hessler) British Retail Icon Woolworths Facing Closure As the credit crunch and consumer pessimism continues to bite, one of the UK’s best loved high-street chains is closing after nearly a century of successful business. Woolworths Group PLC said it will launch a closure sale at its stores which could lead to the demise of the retail icon which has been part of the British way of life for generations. Woolworths is holding a closing down sale after administrators could not find a buyer for the retail chain which has over 800 stores. Woolworths staff are facing mass redundancies and the entire retail industry looks on with nervous concern. (Report: Lars Bevanger) Industrial Areas Redesigned for Business and Arts The New Yorker hotel in Cologne offers not only hotel rooms but also an art gallery, a library, a night club and business conference rooms, all under the same roof. The founder, designer and general manager is architect-turned-small-business-owner who decided to set up the hotel in Cologne because old industrial area of Deutz reminded him of the Meat Packing and Chelsea districts in NYC. Money Talks looks at how former industrial sites are being revitalised into vibrant neighbourhoods. (Report: Alex Bakst) tag:odeo.com,2008-12-16,24614048 Tue, 16 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23731058-Money-Talks-Business-from-the-Heart-of-Europe On this week's Money Talks: Irish pork industry hit by dioxin scare -- Spanish debt collectors thrive amid economic downturn -- How the Christmas markets in Germany & Austria are faring this holiday season.Irish Pork Industry Hit by Dioxin Scare Authorities fear that pork produced since the beginning of September may contain dioxins, which can cause cancer. The Republic of Ireland and Northern Ireland have both been hit by a scare over contaminated pork products. Tests have shown that some products had 200 times the level of dioxins onsidered safe. So, Irish pork products have been recalled from over 20 countries around the world, including Germany. The recall is likely to cost the Irish pork industry millions of dollars and could lead to job losses. Report: Clare Atkinson Spanish Debt Collectors Thrive Amid Financial Crisis Spain, like other European countries, is entering recession and is particularly hard hit by the ongoing crisis. The once buoyant construction industry has g... On this week's Money Talks: Irish pork industry hit by dioxin scare -- Spanish debt collectors thrive amid economic downturn -- How the Christmas markets in Germany & Austria are faring this holiday season.Irish Pork Industry Hit by Dioxin Scare Authorities fear that pork produced since the beginning of September may contain dioxins, which can cause cancer. The Republic of Ireland and Northern Ireland have both been hit by a scare over contaminated pork products. Tests have shown that some products had 200 times the level of dioxins onsidered safe. So, Irish pork products have been recalled from over 20 countries around the world, including Germany. The recall is likely to cost the Irish pork industry millions of dollars and could lead to job losses. Report: Clare Atkinson Spanish Debt Collectors Thrive Amid Financial Crisis Spain, like other European countries, is entering recession and is particularly hard hit by the ongoing crisis. The once buoyant construction industry has ground to a halt, and unemployment levels are at 11 percent – the worst in the European Union. In addition to the financial bailouts given to banks across the EU, the Madrid government has taken some steps to try and alleviate the impact of the crisis on poorer Spaniards. For example, it’s offering financial help to those having difficulty with mortgage payments. Although many people are struggling to make ends meet, there’s one business that’s doing very well. Report: Danny Wood Christmas Markets See Brisk Business Amid Economic Gloom Despite the financial crisis and Chancellor Angela Merkel's warning of a miserable economic outlook in 2009, Germans are still taking advantage of the gluhwein, roasted chestnuts and other traditional treats. Reports show the consumer confidence index hasn’t shifted much heading into the Christmas shopping season in Germany, but there is speculation that shoppers might be spending their money differently this holiday season. Our reporters have been checking the pulse of shoppers at Christmas markets in Cologne, Germany, and Salzburg in Austria. Reports: Emily Schwing & Jodi Breisler On this week's Money Talks: Irish pork industry hit by dioxin scare -- Spanish debt collectors thrive amid economic downturn -- How the Christmas markets in Germany & Austria are faring this holiday season.Irish Pork Industry Hit by Dioxin Scare Authorities fear that pork produced since the beginning of September may contain dioxins, which can cause cancer. The Republic of Ireland and Northern Ireland have both been hit by a scare over contaminated pork products. Tests have shown that some products had 200 times the level of dioxins onsidered safe. So, Irish pork products have been recalled from over 20 countries around the world, including Germany. The recall is likely to cost the Irish pork industry millions of dollars and could lead to job losses. Report: Clare Atkinson Spanish Debt Collectors Thrive Amid Financial Crisis Spain, like other European countries, is entering recession and is particularly hard hit by the ongoing crisis. The once buoyant construction industry has ground to a halt, and unemployment levels are at 11 percent – the worst in the European Union. In addition to the financial bailouts given to banks across the EU, the Madrid government has taken some steps to try and alleviate the impact of the crisis on poorer Spaniards. For example, it’s offering financial help to those having difficulty with mortgage payments. Although many people are struggling to make ends meet, there’s one business that’s doing very well. Report: Danny Wood Christmas Markets See Brisk Business Amid Economic Gloom Despite the financial crisis and Chancellor Angela Merkel's warning of a miserable economic outlook in 2009, Germans are still taking advantage of the gluhwein, roasted chestnuts and other traditional treats. Reports show the consumer confidence index hasn’t shifted much heading into the Christmas shopping season in Germany, but there is speculation that shoppers might be spending their money differently this holiday season. Our reporters have been checking the pulse of shoppers at Christmas markets in Cologne, Germany, and Salzburg in Austria. Reports: Emily Schwing & Jodi Breisler tag:odeo.com,2008-12-09,23731058 Tue, 09 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614049-Old_Money-Talks-Business-from-the-Heart-of-Europe On this week's Money Talks: Irish pork industry hit by dioxin scare -- Spanish debt collectors thrive amid economic downturn -- How the Christmas markets in Germany & Austria are faring this holiday season.Irish Pork Industry Hit by Dioxin Scare Authorities fear that pork produced since the beginning of September may contain dioxins, which can cause cancer. The Republic of Ireland and Northern Ireland have both been hit by a scare over contaminated pork products. Tests have shown that some products had 200 times the level of dioxins onsidered safe. So, Irish pork products have been recalled from over 20 countries around the world, including Germany. The recall is likely to cost the Irish pork industry millions of dollars and could lead to job losses. Report: Clare Atkinson Spanish Debt Collectors Thrive Amid Financial Crisis Spain, like other European countries, is entering recession and is particularly hard hit by the ongoing crisis. The once buoyant construction industry has g... On this week's Money Talks: Irish pork industry hit by dioxin scare -- Spanish debt collectors thrive amid economic downturn -- How the Christmas markets in Germany & Austria are faring this holiday season.Irish Pork Industry Hit by Dioxin Scare Authorities fear that pork produced since the beginning of September may contain dioxins, which can cause cancer. The Republic of Ireland and Northern Ireland have both been hit by a scare over contaminated pork products. Tests have shown that some products had 200 times the level of dioxins onsidered safe. So, Irish pork products have been recalled from over 20 countries around the world, including Germany. The recall is likely to cost the Irish pork industry millions of dollars and could lead to job losses. Report: Clare Atkinson Spanish Debt Collectors Thrive Amid Financial Crisis Spain, like other European countries, is entering recession and is particularly hard hit by the ongoing crisis. The once buoyant construction industry has ground to a halt, and unemployment levels are at 11 percent – the worst in the European Union. In addition to the financial bailouts given to banks across the EU, the Madrid government has taken some steps to try and alleviate the impact of the crisis on poorer Spaniards. For example, it’s offering financial help to those having difficulty with mortgage payments. Although many people are struggling to make ends meet, there’s one business that’s doing very well. Report: Danny Wood Christmas Markets See Brisk Business Amid Economic Gloom Despite the financial crisis and Chancellor Angela Merkel's warning of a miserable economic outlook in 2009, Germans are still taking advantage of the gluhwein, roasted chestnuts and other traditional treats. Reports show the consumer confidence index hasn’t shifted much heading into the Christmas shopping season in Germany, but there is speculation that shoppers might be spending their money differently this holiday season. Our reporters have been checking the pulse of shoppers at Christmas markets in Cologne, Germany, and Salzburg in Austria. Reports: Emily Schwing & Jodi Breisler On this week's Money Talks: Irish pork industry hit by dioxin scare -- Spanish debt collectors thrive amid economic downturn -- How the Christmas markets in Germany & Austria are faring this holiday season.Irish Pork Industry Hit by Dioxin Scare Authorities fear that pork produced since the beginning of September may contain dioxins, which can cause cancer. The Republic of Ireland and Northern Ireland have both been hit by a scare over contaminated pork products. Tests have shown that some products had 200 times the level of dioxins onsidered safe. So, Irish pork products have been recalled from over 20 countries around the world, including Germany. The recall is likely to cost the Irish pork industry millions of dollars and could lead to job losses. Report: Clare Atkinson Spanish Debt Collectors Thrive Amid Financial Crisis Spain, like other European countries, is entering recession and is particularly hard hit by the ongoing crisis. The once buoyant construction industry has ground to a halt, and unemployment levels are at 11 percent – the worst in the European Union. In addition to the financial bailouts given to banks across the EU, the Madrid government has taken some steps to try and alleviate the impact of the crisis on poorer Spaniards. For example, it’s offering financial help to those having difficulty with mortgage payments. Although many people are struggling to make ends meet, there’s one business that’s doing very well. Report: Danny Wood Christmas Markets See Brisk Business Amid Economic Gloom Despite the financial crisis and Chancellor Angela Merkel's warning of a miserable economic outlook in 2009, Germans are still taking advantage of the gluhwein, roasted chestnuts and other traditional treats. Reports show the consumer confidence index hasn’t shifted much heading into the Christmas shopping season in Germany, but there is speculation that shoppers might be spending their money differently this holiday season. Our reporters have been checking the pulse of shoppers at Christmas markets in Cologne, Germany, and Salzburg in Austria. Reports: Emily Schwing & Jodi Breisler tag:odeo.com,2008-12-09,24614049 Tue, 09 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614050-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: Merkel ignores calls for tax cuts to boost the economy -- A look at the economic climate in France -- Europe's Creative Industries Brave the Crisis.Merkel Snubs Critics of her Economic Strategy German Chancellor Angela Merkel has refuted charges that she is sitting on her hands while faced with a crippling recession and a global downturn. In a speech to her fellow Christian Democrats at a party congress this week, Merkel said Germany had been well-served in the past 60 years by a reliance on fiscal responsibility and the Social Market Economy – a system which she said ought to be exported to other countries in order to avert such turmoil in the future. The Chancellor also said her government would not join a ‘’senseless race’’ to spend billions in a bid to boost the flagging economy. Money Talks asked Prof. Irvin Collier of the John F. Kennedy Institute for North American Studies at the Free University in Berlin for his response to the Chancellor’s comments... This week on Money Talks: Merkel ignores calls for tax cuts to boost the economy -- A look at the economic climate in France -- Europe's Creative Industries Brave the Crisis.Merkel Snubs Critics of her Economic Strategy German Chancellor Angela Merkel has refuted charges that she is sitting on her hands while faced with a crippling recession and a global downturn. In a speech to her fellow Christian Democrats at a party congress this week, Merkel said Germany had been well-served in the past 60 years by a reliance on fiscal responsibility and the Social Market Economy – a system which she said ought to be exported to other countries in order to avert such turmoil in the future. The Chancellor also said her government would not join a ‘’senseless race’’ to spend billions in a bid to boost the flagging economy. Money Talks asked Prof. Irvin Collier of the John F. Kennedy Institute for North American Studies at the Free University in Berlin for his response to the Chancellor’s comments. Interviewer: Ranjitha Balasubramanyam France Rescue Plan to Focus on Saving Car Industry The OECD has warned that many leading industrialised countries face their worst economic downturn for 25 years. The Organisation for Economic Co-operation and Development looked in detail at the world's 30 richest countries which account for 60 percent of the global economy. The Paris-based institute forecast that unemployment would rise by eight million and house prices would continue to fall. France is preparing to launch a rescue plan later this week to help the country’s economy to better face the financial crisis at hand. The plan is expected to have a special emphasis on saving the car industry. Report: Alasdair Sandford Europe's Creative Industries Brave the Crisis Approximately six million Europeans work in creative industries -- many of them on the over 900 films produced annually across the European Union. The markets are taking a tumble and jobs are disappearing on a daily basis. So it might come as a surprise that those in some more creative fields are doing rather well. Our reporter has been talking to people who earn a living by producing sounds that make the box office jingle. Report: Jodi Breisler This week on Money Talks: Merkel ignores calls for tax cuts to boost the economy -- A look at the economic climate in France -- Europe's Creative Industries Brave the Crisis.Merkel Snubs Critics of her Economic Strategy German Chancellor Angela Merkel has refuted charges that she is sitting on her hands while faced with a crippling recession and a global downturn. In a speech to her fellow Christian Democrats at a party congress this week, Merkel said Germany had been well-served in the past 60 years by a reliance on fiscal responsibility and the Social Market Economy – a system which she said ought to be exported to other countries in order to avert such turmoil in the future. The Chancellor also said her government would not join a ‘’senseless race’’ to spend billions in a bid to boost the flagging economy. Money Talks asked Prof. Irvin Collier of the John F. Kennedy Institute for North American Studies at the Free University in Berlin for his response to the Chancellor’s comments. Interviewer: Ranjitha Balasubramanyam France Rescue Plan to Focus on Saving Car Industry The OECD has warned that many leading industrialised countries face their worst economic downturn for 25 years. The Organisation for Economic Co-operation and Development looked in detail at the world's 30 richest countries which account for 60 percent of the global economy. The Paris-based institute forecast that unemployment would rise by eight million and house prices would continue to fall. France is preparing to launch a rescue plan later this week to help the country’s economy to better face the financial crisis at hand. The plan is expected to have a special emphasis on saving the car industry. Report: Alasdair Sandford Europe's Creative Industries Brave the Crisis Approximately six million Europeans work in creative industries -- many of them on the over 900 films produced annually across the European Union. The markets are taking a tumble and jobs are disappearing on a daily basis. So it might come as a surprise that those in some more creative fields are doing rather well. Our reporter has been talking to people who earn a living by producing sounds that make the box office jingle. Report: Jodi Breisler tag:odeo.com,2008-12-02,24614050 Tue, 02 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23698862-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: Merkel ignores calls for tax cuts to boost the economy -- A look at the economic climate in France -- Europe's Creative Industries Brave the Crisis.Merkel Snubs Critics of her Economic Strategy German Chancellor Angela Merkel has refuted charges that she is sitting on her hands while faced with a crippling recession and a global downturn. In a speech to her fellow Christian Democrats at a party congress this week, Merkel said Germany had been well-served in the past 60 years by a reliance on fiscal responsibility and the Social Market Economy – a system which she said ought to be exported to other countries in order to avert such turmoil in the future. The Chancellor also said her government would not join a ‘’senseless race’’ to spend billions in a bid to boost the flagging economy. Money Talks asked Prof. Irvin Collier of the John F. Kennedy Institute for North American Studies at the Free University in Berlin for his response to the Chancellor’s comments... This week on Money Talks: Merkel ignores calls for tax cuts to boost the economy -- A look at the economic climate in France -- Europe's Creative Industries Brave the Crisis.Merkel Snubs Critics of her Economic Strategy German Chancellor Angela Merkel has refuted charges that she is sitting on her hands while faced with a crippling recession and a global downturn. In a speech to her fellow Christian Democrats at a party congress this week, Merkel said Germany had been well-served in the past 60 years by a reliance on fiscal responsibility and the Social Market Economy – a system which she said ought to be exported to other countries in order to avert such turmoil in the future. The Chancellor also said her government would not join a ‘’senseless race’’ to spend billions in a bid to boost the flagging economy. Money Talks asked Prof. Irvin Collier of the John F. Kennedy Institute for North American Studies at the Free University in Berlin for his response to the Chancellor’s comments. Interviewer: Ranjitha Balasubramanyam France Rescue Plan to Focus on Saving Car Industry The OECD has warned that many leading industrialised countries face their worst economic downturn for 25 years. The Organisation for Economic Co-operation and Development looked in detail at the world's 30 richest countries which account for 60 percent of the global economy. The Paris-based institute forecast that unemployment would rise by eight million and house prices would continue to fall. France is preparing to launch a rescue plan later this week to help the country’s economy to better face the financial crisis at hand. The plan is expected to have a special emphasis on saving the car industry. Report: Alasdair Sandford Europe's Creative Industries Brave the Crisis Approximately six million Europeans work in creative industries -- many of them on the over 900 films produced annually across the European Union. The markets are taking a tumble and jobs are disappearing on a daily basis. So it might come as a surprise that those in some more creative fields are doing rather well. Our reporter has been talking to people who earn a living by producing sounds that make the box office jingle. Report: Jodi Breisler This week on Money Talks: Merkel ignores calls for tax cuts to boost the economy -- A look at the economic climate in France -- Europe's Creative Industries Brave the Crisis.Merkel Snubs Critics of her Economic Strategy German Chancellor Angela Merkel has refuted charges that she is sitting on her hands while faced with a crippling recession and a global downturn. In a speech to her fellow Christian Democrats at a party congress this week, Merkel said Germany had been well-served in the past 60 years by a reliance on fiscal responsibility and the Social Market Economy – a system which she said ought to be exported to other countries in order to avert such turmoil in the future. The Chancellor also said her government would not join a ‘’senseless race’’ to spend billions in a bid to boost the flagging economy. Money Talks asked Prof. Irvin Collier of the John F. Kennedy Institute for North American Studies at the Free University in Berlin for his response to the Chancellor’s comments. Interviewer: Ranjitha Balasubramanyam France Rescue Plan to Focus on Saving Car Industry The OECD has warned that many leading industrialised countries face their worst economic downturn for 25 years. The Organisation for Economic Co-operation and Development looked in detail at the world's 30 richest countries which account for 60 percent of the global economy. The Paris-based institute forecast that unemployment would rise by eight million and house prices would continue to fall. France is preparing to launch a rescue plan later this week to help the country’s economy to better face the financial crisis at hand. The plan is expected to have a special emphasis on saving the car industry. Report: Alasdair Sandford Europe's Creative Industries Brave the Crisis Approximately six million Europeans work in creative industries -- many of them on the over 900 films produced annually across the European Union. The markets are taking a tumble and jobs are disappearing on a daily basis. So it might come as a surprise that those in some more creative fields are doing rather well. Our reporter has been talking to people who earn a living by producing sounds that make the box office jingle. Report: Jodi Breisler tag:odeo.com,2008-12-02,23698862 Tue, 02 Dec 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23671625-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: a bleak outlook for the European car industry -- economic climate change in Germany -- why cheap oil could be bad for the consumer -- Polish exodus from stricken UKBleak Outlook for German Car-Makers These days, whenever the head of a carmaker gives a talk, people listen. And it’s no wonder – the industry is in big trouble. Executives from Opel have had to go cap in hand to the government to seek federal aid in case parent company General Motors goes bankrupt. And in the run-up to Christmas, BMW and Daimler have all had to put a temporary halt to production, the demand just isn’t there. So, the country was all ears last week when Daimler boss Dieter Zetsche gave what in any other year would have been a routine talk at an Auto industry forum in Stuttgart. His outlook for the future – at least in the short-term – is anything but sunny. So, is there anything that can be done to brighten prospects for the car industry in Germany and Europe? Report: Cheryl North... This week on Money Talks: a bleak outlook for the European car industry -- economic climate change in Germany -- why cheap oil could be bad for the consumer -- Polish exodus from stricken UKBleak Outlook for German Car-Makers These days, whenever the head of a carmaker gives a talk, people listen. And it’s no wonder – the industry is in big trouble. Executives from Opel have had to go cap in hand to the government to seek federal aid in case parent company General Motors goes bankrupt. And in the run-up to Christmas, BMW and Daimler have all had to put a temporary halt to production, the demand just isn’t there. So, the country was all ears last week when Daimler boss Dieter Zetsche gave what in any other year would have been a routine talk at an Auto industry forum in Stuttgart. His outlook for the future – at least in the short-term – is anything but sunny. So, is there anything that can be done to brighten prospects for the car industry in Germany and Europe? Report: Cheryl Northey Economic Climate Change Hits Germany Business confidence in the country fell in November to the lowest level since 1993, according to the key Ifo business climate index. The poll of 7,000 companies is carried out by the Institute for Economic Research in Munich and has dropped now for 6 consecutive months. Germany has already slipped into recession, as exports have been hard hit by falling demand worldwide. So what actual effect does a cooling of the business climate have on the economy? That’s the question Money Talks put to the survey’s co-ordinator, Dr Klaus Abberger. Could Cheaper Oil Spell Disaster Long-Term? Cheaper oil brings a little relief for consumers, but joy at lower petrol prices could prove short-lived. Over the summer, it seemed you had to take a loan out every time you wanted to fill your car up. Things have eased up a little recently as fear of a worldwide recession has sent the price of oil plummeting. For the first time in 2 years, the price of crude oil fell to below 50 dollars a barrel last week, the lowest level since January 2005. And that’s around a third cheaper than in the summer. But even though this means a little relief for drivers at the petrol pumps, consumers should not be celebrating too soon about the new low prices: The long-term effects could be dramatic. Report: Catherine Graue UK No Longer in Pole-Position Could the economic downturn lead to a mass exodus of migrant workers from the UK? When the UK and Ireland flung their doors open to migrant workers from the new EU member states in 2004, up to one million Poles flooded the British Isles. But four years later the British economy is slowing down and expected to shrink further next year, with unemployment on the rise. All the while the Polish economy has gathered pace, not least owing to the money sent home by the migrant workers. This has turned the tide of Polish job migration. According to the latest statistics, an estimated 50 per cent of Poles working in the UK and Ireland have left the isles. Report: Rafal Kiepuszewski This week on Money Talks: a bleak outlook for the European car industry -- economic climate change in Germany -- why cheap oil could be bad for the consumer -- Polish exodus from stricken UKBleak Outlook for German Car-Makers These days, whenever the head of a carmaker gives a talk, people listen. And it’s no wonder – the industry is in big trouble. Executives from Opel have had to go cap in hand to the government to seek federal aid in case parent company General Motors goes bankrupt. And in the run-up to Christmas, BMW and Daimler have all had to put a temporary halt to production, the demand just isn’t there. So, the country was all ears last week when Daimler boss Dieter Zetsche gave what in any other year would have been a routine talk at an Auto industry forum in Stuttgart. His outlook for the future – at least in the short-term – is anything but sunny. So, is there anything that can be done to brighten prospects for the car industry in Germany and Europe? Report: Cheryl Northey Economic Climate Change Hits Germany Business confidence in the country fell in November to the lowest level since 1993, according to the key Ifo business climate index. The poll of 7,000 companies is carried out by the Institute for Economic Research in Munich and has dropped now for 6 consecutive months. Germany has already slipped into recession, as exports have been hard hit by falling demand worldwide. So what actual effect does a cooling of the business climate have on the economy? That’s the question Money Talks put to the survey’s co-ordinator, Dr Klaus Abberger. Could Cheaper Oil Spell Disaster Long-Term? Cheaper oil brings a little relief for consumers, but joy at lower petrol prices could prove short-lived. Over the summer, it seemed you had to take a loan out every time you wanted to fill your car up. Things have eased up a little recently as fear of a worldwide recession has sent the price of oil plummeting. For the first time in 2 years, the price of crude oil fell to below 50 dollars a barrel last week, the lowest level since January 2005. And that’s around a third cheaper than in the summer. But even though this means a little relief for drivers at the petrol pumps, consumers should not be celebrating too soon about the new low prices: The long-term effects could be dramatic. Report: Catherine Graue UK No Longer in Pole-Position Could the economic downturn lead to a mass exodus of migrant workers from the UK? When the UK and Ireland flung their doors open to migrant workers from the new EU member states in 2004, up to one million Poles flooded the British Isles. But four years later the British economy is slowing down and expected to shrink further next year, with unemployment on the rise. All the while the Polish economy has gathered pace, not least owing to the money sent home by the migrant workers. This has turned the tide of Polish job migration. According to the latest statistics, an estimated 50 per cent of Poles working in the UK and Ireland have left the isles. Report: Rafal Kiepuszewski tag:odeo.com,2008-11-25,23671625 Tue, 25 Nov 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614051-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: a bleak outlook for the European car industry -- economic climate change in Germany -- why cheap oil could be bad for the consumer -- Polish exodus from stricken UKBleak Outlook for German Car-Makers These days, whenever the head of a carmaker gives a talk, people listen. And it’s no wonder – the industry is in big trouble. Executives from Opel have had to go cap in hand to the government to seek federal aid in case parent company General Motors goes bankrupt. And in the run-up to Christmas, BMW and Daimler have all had to put a temporary halt to production, the demand just isn’t there. So, the country was all ears last week when Daimler boss Dieter Zetsche gave what in any other year would have been a routine talk at an Auto industry forum in Stuttgart. His outlook for the future – at least in the short-term – is anything but sunny. So, is there anything that can be done to brighten prospects for the car industry in Germany and Europe? Report: Cheryl North... This week on Money Talks: a bleak outlook for the European car industry -- economic climate change in Germany -- why cheap oil could be bad for the consumer -- Polish exodus from stricken UKBleak Outlook for German Car-Makers These days, whenever the head of a carmaker gives a talk, people listen. And it’s no wonder – the industry is in big trouble. Executives from Opel have had to go cap in hand to the government to seek federal aid in case parent company General Motors goes bankrupt. And in the run-up to Christmas, BMW and Daimler have all had to put a temporary halt to production, the demand just isn’t there. So, the country was all ears last week when Daimler boss Dieter Zetsche gave what in any other year would have been a routine talk at an Auto industry forum in Stuttgart. His outlook for the future – at least in the short-term – is anything but sunny. So, is there anything that can be done to brighten prospects for the car industry in Germany and Europe? Report: Cheryl Northey Economic Climate Change Hits Germany Business confidence in the country fell in November to the lowest level since 1993, according to the key Ifo business climate index. The poll of 7,000 companies is carried out by the Institute for Economic Research in Munich and has dropped now for 6 consecutive months. Germany has already slipped into recession, as exports have been hard hit by falling demand worldwide. So what actual effect does a cooling of the business climate have on the economy? That’s the question Money Talks put to the survey’s co-ordinator, Dr Klaus Abberger. Could Cheaper Oil Spell Disaster Long-Term? Cheaper oil brings a little relief for consumers, but joy at lower petrol prices could prove short-lived. Over the summer, it seemed you had to take a loan out every time you wanted to fill your car up. Things have eased up a little recently as fear of a worldwide recession has sent the price of oil plummeting. For the first time in 2 years, the price of crude oil fell to below 50 dollars a barrel last week, the lowest level since January 2005. And that’s around a third cheaper than in the summer. But even though this means a little relief for drivers at the petrol pumps, consumers should not be celebrating too soon about the new low prices: The long-term effects could be dramatic. Report: Catherine Graue UK No Longer in Pole-Position Could the economic downturn lead to a mass exodus of migrant workers from the UK? When the UK and Ireland flung their doors open to migrant workers from the new EU member states in 2004, up to one million Poles flooded the British Isles. But four years later the British economy is slowing down and expected to shrink further next year, with unemployment on the rise. All the while the Polish economy has gathered pace, not least owing to the money sent home by the migrant workers. This has turned the tide of Polish job migration. According to the latest statistics, an estimated 50 per cent of Poles working in the UK and Ireland have left the isles. Report: Rafal Kiepuszewski This week on Money Talks: a bleak outlook for the European car industry -- economic climate change in Germany -- why cheap oil could be bad for the consumer -- Polish exodus from stricken UKBleak Outlook for German Car-Makers These days, whenever the head of a carmaker gives a talk, people listen. And it’s no wonder – the industry is in big trouble. Executives from Opel have had to go cap in hand to the government to seek federal aid in case parent company General Motors goes bankrupt. And in the run-up to Christmas, BMW and Daimler have all had to put a temporary halt to production, the demand just isn’t there. So, the country was all ears last week when Daimler boss Dieter Zetsche gave what in any other year would have been a routine talk at an Auto industry forum in Stuttgart. His outlook for the future – at least in the short-term – is anything but sunny. So, is there anything that can be done to brighten prospects for the car industry in Germany and Europe? Report: Cheryl Northey Economic Climate Change Hits Germany Business confidence in the country fell in November to the lowest level since 1993, according to the key Ifo business climate index. The poll of 7,000 companies is carried out by the Institute for Economic Research in Munich and has dropped now for 6 consecutive months. Germany has already slipped into recession, as exports have been hard hit by falling demand worldwide. So what actual effect does a cooling of the business climate have on the economy? That’s the question Money Talks put to the survey’s co-ordinator, Dr Klaus Abberger. Could Cheaper Oil Spell Disaster Long-Term? Cheaper oil brings a little relief for consumers, but joy at lower petrol prices could prove short-lived. Over the summer, it seemed you had to take a loan out every time you wanted to fill your car up. Things have eased up a little recently as fear of a worldwide recession has sent the price of oil plummeting. For the first time in 2 years, the price of crude oil fell to below 50 dollars a barrel last week, the lowest level since January 2005. And that’s around a third cheaper than in the summer. But even though this means a little relief for drivers at the petrol pumps, consumers should not be celebrating too soon about the new low prices: The long-term effects could be dramatic. Report: Catherine Graue UK No Longer in Pole-Position Could the economic downturn lead to a mass exodus of migrant workers from the UK? When the UK and Ireland flung their doors open to migrant workers from the new EU member states in 2004, up to one million Poles flooded the British Isles. But four years later the British economy is slowing down and expected to shrink further next year, with unemployment on the rise. All the while the Polish economy has gathered pace, not least owing to the money sent home by the migrant workers. This has turned the tide of Polish job migration. According to the latest statistics, an estimated 50 per cent of Poles working in the UK and Ireland have left the isles. Report: Rafal Kiepuszewski tag:odeo.com,2008-11-25,24614051 Tue, 25 Nov 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23639302-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: What the G20 summit means for Europe -- Will the German government bail-out Opel? -- From financial powerhouse to sick man of Europe -- and France narrowly escapes recessionDid Europe Emerge Stronger from G20 Summit? It was the meeting that was meant to find a way out of the global financial crisis. But what will it mean for Europe? The G20 summit in Washington wrapped up at the weekend with world leaders pledging to work together to restore global growth. The heads of the world’s leading industrialised and emerging nations said they were determined to work together to achieve "needed reforms" in the world's financial systems, which would include more oversight and regulation over global markets. But the sweeping changes that some were hoping for failed to materialise. Even so, there were observers present who thought it ushered in a new era of influence for European policy. Report: Jennifer Abramsohn Will the German Government Rescue Opel? One of the main ... This week on Money Talks: What the G20 summit means for Europe -- Will the German government bail-out Opel? -- From financial powerhouse to sick man of Europe -- and France narrowly escapes recessionDid Europe Emerge Stronger from G20 Summit? It was the meeting that was meant to find a way out of the global financial crisis. But what will it mean for Europe? The G20 summit in Washington wrapped up at the weekend with world leaders pledging to work together to restore global growth. The heads of the world’s leading industrialised and emerging nations said they were determined to work together to achieve "needed reforms" in the world's financial systems, which would include more oversight and regulation over global markets. But the sweeping changes that some were hoping for failed to materialise. Even so, there were observers present who thought it ushered in a new era of influence for European policy. Report: Jennifer Abramsohn Will the German Government Rescue Opel? One of the main victims of the global financial squeeze has been the auto industry. Here in Germany, car-makers BMW and Daimler both temporarily stopped production due to a lack of orders. And now Opel has had to go cap in hand to the German government to seek federal aid. The curious thing is Opel itself has been working profitably and effectively after several streamlining measures over the last few years. The problem is Opel’s US parent company General Motors could be on the verge of bankruptcy. So, worried executives have said Chancellor Angela Merkel’s government needs to guarantee around one billion euros in loans to safeguard jobs in Germany. On Monday, ministers and executives held their first round of meetings in Berlin, and a decision is expected by Christmas. Money Talks spoke to Dr Christian Dreger, head of business forecasting at the German Institute for Economic Research and asked him what message a government bail-out would send. From Economic Powerhouse to Sick Man of Europe No country or sector seems to be entirely immune from the global financial crisis. But some appear to be worse affected than others. Among them: that former poster child of economic success – Britain. After sixteen years of uninterrupted -and often buoyant - growth, the UK has just recorded a dip in output. Even the British government has admitted a severe recession is on the way. And some economists say it could be the deepest in the western world. So how will Britain cope with the effects of recession? Report: Stephen Beard France Narrowly Escapes Recession Unlike the rest of the Eurozone, France announced last week that it had escaped going into recession. This was heralded as 'good news'. President Sarkozy said it proved that the government's policies were working. Instead of declining as expected, the French economy grew very slightly in the third quarter - by 0.14%. Compared to some of its European neighbours, France does seem to have weathered the financial storm slightly better so far. French banks have been relatively robust, and people are still spending money. Yet many parts of the economy are suffering, unemployment is rising, and analysts say the worst is yet to come. This week on Money Talks: What the G20 summit means for Europe -- Will the German government bail-out Opel? -- From financial powerhouse to sick man of Europe -- and France narrowly escapes recessionDid Europe Emerge Stronger from G20 Summit? It was the meeting that was meant to find a way out of the global financial crisis. But what will it mean for Europe? The G20 summit in Washington wrapped up at the weekend with world leaders pledging to work together to restore global growth. The heads of the world’s leading industrialised and emerging nations said they were determined to work together to achieve "needed reforms" in the world's financial systems, which would include more oversight and regulation over global markets. But the sweeping changes that some were hoping for failed to materialise. Even so, there were observers present who thought it ushered in a new era of influence for European policy. Report: Jennifer Abramsohn Will the German Government Rescue Opel? One of the main victims of the global financial squeeze has been the auto industry. Here in Germany, car-makers BMW and Daimler both temporarily stopped production due to a lack of orders. And now Opel has had to go cap in hand to the German government to seek federal aid. The curious thing is Opel itself has been working profitably and effectively after several streamlining measures over the last few years. The problem is Opel’s US parent company General Motors could be on the verge of bankruptcy. So, worried executives have said Chancellor Angela Merkel’s government needs to guarantee around one billion euros in loans to safeguard jobs in Germany. On Monday, ministers and executives held their first round of meetings in Berlin, and a decision is expected by Christmas. Money Talks spoke to Dr Christian Dreger, head of business forecasting at the German Institute for Economic Research and asked him what message a government bail-out would send. From Economic Powerhouse to Sick Man of Europe No country or sector seems to be entirely immune from the global financial crisis. But some appear to be worse affected than others. Among them: that former poster child of economic success – Britain. After sixteen years of uninterrupted -and often buoyant - growth, the UK has just recorded a dip in output. Even the British government has admitted a severe recession is on the way. And some economists say it could be the deepest in the western world. So how will Britain cope with the effects of recession? Report: Stephen Beard France Narrowly Escapes Recession Unlike the rest of the Eurozone, France announced last week that it had escaped going into recession. This was heralded as 'good news'. President Sarkozy said it proved that the government's policies were working. Instead of declining as expected, the French economy grew very slightly in the third quarter - by 0.14%. Compared to some of its European neighbours, France does seem to have weathered the financial storm slightly better so far. French banks have been relatively robust, and people are still spending money. Yet many parts of the economy are suffering, unemployment is rising, and analysts say the worst is yet to come. tag:odeo.com,2008-11-18,23639302 Tue, 18 Nov 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614052-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: What the G20 summit means for Europe -- Will the German government bail-out Opel? -- From financial powerhouse to sick man of Europe -- and France narrowly escapes recessionDid Europe Emerge Stronger from G20 Summit? It was the meeting that was meant to find a way out of the global financial crisis. But what will it mean for Europe? The G20 summit in Washington wrapped up at the weekend with world leaders pledging to work together to restore global growth. The heads of the world’s leading industrialised and emerging nations said they were determined to work together to achieve "needed reforms" in the world's financial systems, which would include more oversight and regulation over global markets. But the sweeping changes that some were hoping for failed to materialise. Even so, there were observers present who thought it ushered in a new era of influence for European policy. Report: Jennifer Abramsohn Will the German Government Rescue Opel? One of the main ... This week on Money Talks: What the G20 summit means for Europe -- Will the German government bail-out Opel? -- From financial powerhouse to sick man of Europe -- and France narrowly escapes recessionDid Europe Emerge Stronger from G20 Summit? It was the meeting that was meant to find a way out of the global financial crisis. But what will it mean for Europe? The G20 summit in Washington wrapped up at the weekend with world leaders pledging to work together to restore global growth. The heads of the world’s leading industrialised and emerging nations said they were determined to work together to achieve "needed reforms" in the world's financial systems, which would include more oversight and regulation over global markets. But the sweeping changes that some were hoping for failed to materialise. Even so, there were observers present who thought it ushered in a new era of influence for European policy. Report: Jennifer Abramsohn Will the German Government Rescue Opel? One of the main victims of the global financial squeeze has been the auto industry. Here in Germany, car-makers BMW and Daimler both temporarily stopped production due to a lack of orders. And now Opel has had to go cap in hand to the German government to seek federal aid. The curious thing is Opel itself has been working profitably and effectively after several streamlining measures over the last few years. The problem is Opel’s US parent company General Motors could be on the verge of bankruptcy. So, worried executives have said Chancellor Angela Merkel’s government needs to guarantee around one billion euros in loans to safeguard jobs in Germany. On Monday, ministers and executives held their first round of meetings in Berlin, and a decision is expected by Christmas. Money Talks spoke to Dr Christian Dreger, head of business forecasting at the German Institute for Economic Research and asked him what message a government bail-out would send. From Economic Powerhouse to Sick Man of Europe No country or sector seems to be entirely immune from the global financial crisis. But some appear to be worse affected than others. Among them: that former poster child of economic success – Britain. After sixteen years of uninterrupted -and often buoyant - growth, the UK has just recorded a dip in output. Even the British government has admitted a severe recession is on the way. And some economists say it could be the deepest in the western world. So how will Britain cope with the effects of recession? Report: Stephen Beard France Narrowly Escapes Recession Unlike the rest of the Eurozone, France announced last week that it had escaped going into recession. This was heralded as 'good news'. President Sarkozy said it proved that the government's policies were working. Instead of declining as expected, the French economy grew very slightly in the third quarter - by 0.14%. Compared to some of its European neighbours, France does seem to have weathered the financial storm slightly better so far. French banks have been relatively robust, and people are still spending money. Yet many parts of the economy are suffering, unemployment is rising, and analysts say the worst is yet to come. This week on Money Talks: What the G20 summit means for Europe -- Will the German government bail-out Opel? -- From financial powerhouse to sick man of Europe -- and France narrowly escapes recessionDid Europe Emerge Stronger from G20 Summit? It was the meeting that was meant to find a way out of the global financial crisis. But what will it mean for Europe? The G20 summit in Washington wrapped up at the weekend with world leaders pledging to work together to restore global growth. The heads of the world’s leading industrialised and emerging nations said they were determined to work together to achieve "needed reforms" in the world's financial systems, which would include more oversight and regulation over global markets. But the sweeping changes that some were hoping for failed to materialise. Even so, there were observers present who thought it ushered in a new era of influence for European policy. Report: Jennifer Abramsohn Will the German Government Rescue Opel? One of the main victims of the global financial squeeze has been the auto industry. Here in Germany, car-makers BMW and Daimler both temporarily stopped production due to a lack of orders. And now Opel has had to go cap in hand to the German government to seek federal aid. The curious thing is Opel itself has been working profitably and effectively after several streamlining measures over the last few years. The problem is Opel’s US parent company General Motors could be on the verge of bankruptcy. So, worried executives have said Chancellor Angela Merkel’s government needs to guarantee around one billion euros in loans to safeguard jobs in Germany. On Monday, ministers and executives held their first round of meetings in Berlin, and a decision is expected by Christmas. Money Talks spoke to Dr Christian Dreger, head of business forecasting at the German Institute for Economic Research and asked him what message a government bail-out would send. From Economic Powerhouse to Sick Man of Europe No country or sector seems to be entirely immune from the global financial crisis. But some appear to be worse affected than others. Among them: that former poster child of economic success – Britain. After sixteen years of uninterrupted -and often buoyant - growth, the UK has just recorded a dip in output. Even the British government has admitted a severe recession is on the way. And some economists say it could be the deepest in the western world. So how will Britain cope with the effects of recession? Report: Stephen Beard France Narrowly Escapes Recession Unlike the rest of the Eurozone, France announced last week that it had escaped going into recession. This was heralded as 'good news'. President Sarkozy said it proved that the government's policies were working. Instead of declining as expected, the French economy grew very slightly in the third quarter - by 0.14%. Compared to some of its European neighbours, France does seem to have weathered the financial storm slightly better so far. French banks have been relatively robust, and people are still spending money. Yet many parts of the economy are suffering, unemployment is rising, and analysts say the worst is yet to come. tag:odeo.com,2008-11-18,24614052 Tue, 18 Nov 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23609893-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We look at the IMF emergency loan for Hungary – See the plans for Mercedes-Benz’s new plant in Hungary – Find out more about Deutsche Post slashing jobs in the US – Changes to air fares advertising in Europe – and green thumbs help German family business thrive IMF Board Approves Emergency Loans for Ukraine and Hungary The International Monetary Fund approved emergency loans for Ukraine and Hungary. Both countries have found themselves in financial jeopardy during the global credit crisis. Money Talks speaks to Dr Christian Dreger, an economist with The German Institute for Economic Research (DIW), in Berlin and asked him what the IMF emergency loans mean for Ukraine and Hungary. (Interview: Cheryl Northey) Mercedes Plans New Manufacturing Plant in Hungary Hungary's government and Mercedes Benz have signed an agreement on a new factory in southern Hungary. Mercedes Benz and Hungary’s Finance Minister, Gordon Bajnai, have signed a contract for a new factory ... This week on Money Talks: We look at the IMF emergency loan for Hungary – See the plans for Mercedes-Benz’s new plant in Hungary – Find out more about Deutsche Post slashing jobs in the US – Changes to air fares advertising in Europe – and green thumbs help German family business thrive IMF Board Approves Emergency Loans for Ukraine and Hungary The International Monetary Fund approved emergency loans for Ukraine and Hungary. Both countries have found themselves in financial jeopardy during the global credit crisis. Money Talks speaks to Dr Christian Dreger, an economist with The German Institute for Economic Research (DIW), in Berlin and asked him what the IMF emergency loans mean for Ukraine and Hungary. (Interview: Cheryl Northey) Mercedes Plans New Manufacturing Plant in Hungary Hungary's government and Mercedes Benz have signed an agreement on a new factory in southern Hungary. Mercedes Benz and Hungary’s Finance Minister, Gordon Bajnai, have signed a contract for a new factory to be built in the Hungarian city of Kecskemet. The deal sees Mercedes investing millions of euros for a production plant that will create thousands of new jobs. Mercedes-Benz plans to start production as early as 2012. (Report: Harriett Ferenczi / Catherine Graue) Deutsche Post Slashing DHL Express Jobs in the United States Deutsche Post's job cut plans will reduce DHL Express' US workforce from 18,400 down to around 3,500. Deutsche Post is pulling out of the US express delivery market and axing nearly 15 thousand jobs. The Bonn-based company hopes to put an end to years of billion euro losses by focusing its energies on its international express delivery service. (Report: Susan Houlton) New EU Air Services Framework a Win for Consumers The new EU legislation came in force requiring airlines include all taxes and charges to appear on their ticket prices. The EU hopes the price transparency regulation will lead to greater competition between airlines and a fairer deal for customers. Money Talks speaks with Andrew Clarke, Director of Air Transport Policy with the European Regions Airline Association about the pricing changes. (Interview: Cheryl Northey) Green Thumbs Keep Family Business Thriving The Lorenz von Ehren Nursery in Hamburg, Germany has over five generations of experience. Many tourists who saunter down the Champs-Élysées in Paris do not realise that the sycamore and chestnut trees they admire are actually imports from Germany. The trees are actually from one of Germany’s high end nurseries, the Lorenz von Ehren Nursery in Hamburg. Established in 1865, von Ehrens has been operating for over 140 years and last year made a profit of 21 million euros. (Report: Linda Vierecke, DW-TV) This week on Money Talks: We look at the IMF emergency loan for Hungary – See the plans for Mercedes-Benz’s new plant in Hungary – Find out more about Deutsche Post slashing jobs in the US – Changes to air fares advertising in Europe – and green thumbs help German family business thrive IMF Board Approves Emergency Loans for Ukraine and Hungary The International Monetary Fund approved emergency loans for Ukraine and Hungary. Both countries have found themselves in financial jeopardy during the global credit crisis. Money Talks speaks to Dr Christian Dreger, an economist with The German Institute for Economic Research (DIW), in Berlin and asked him what the IMF emergency loans mean for Ukraine and Hungary. (Interview: Cheryl Northey) Mercedes Plans New Manufacturing Plant in Hungary Hungary's government and Mercedes Benz have signed an agreement on a new factory in southern Hungary. Mercedes Benz and Hungary’s Finance Minister, Gordon Bajnai, have signed a contract for a new factory to be built in the Hungarian city of Kecskemet. The deal sees Mercedes investing millions of euros for a production plant that will create thousands of new jobs. Mercedes-Benz plans to start production as early as 2012. (Report: Harriett Ferenczi / Catherine Graue) Deutsche Post Slashing DHL Express Jobs in the United States Deutsche Post's job cut plans will reduce DHL Express' US workforce from 18,400 down to around 3,500. Deutsche Post is pulling out of the US express delivery market and axing nearly 15 thousand jobs. The Bonn-based company hopes to put an end to years of billion euro losses by focusing its energies on its international express delivery service. (Report: Susan Houlton) New EU Air Services Framework a Win for Consumers The new EU legislation came in force requiring airlines include all taxes and charges to appear on their ticket prices. The EU hopes the price transparency regulation will lead to greater competition between airlines and a fairer deal for customers. Money Talks speaks with Andrew Clarke, Director of Air Transport Policy with the European Regions Airline Association about the pricing changes. (Interview: Cheryl Northey) Green Thumbs Keep Family Business Thriving The Lorenz von Ehren Nursery in Hamburg, Germany has over five generations of experience. Many tourists who saunter down the Champs-Élysées in Paris do not realise that the sycamore and chestnut trees they admire are actually imports from Germany. The trees are actually from one of Germany’s high end nurseries, the Lorenz von Ehren Nursery in Hamburg. Established in 1865, von Ehrens has been operating for over 140 years and last year made a profit of 21 million euros. (Report: Linda Vierecke, DW-TV) tag:odeo.com,2008-11-11,23609893 Tue, 11 Nov 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614054-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We look at the IMF emergency loan for Hungary – See the plans for Mercedes-Benz’s new plant in Hungary – Find out more about Deutsche Post slashing jobs in the US – Changes to air fares advertising in Europe – and green thumbs help German family business thrive IMF Board Approves Emergency Loans for Ukraine and Hungary The International Monetary Fund approved emergency loans for Ukraine and Hungary. Both countries have found themselves in financial jeopardy during the global credit crisis. Money Talks speaks to Dr Christian Dreger, an economist with The German Institute for Economic Research (DIW), in Berlin and asked him what the IMF emergency loans mean for Ukraine and Hungary. (Interview: Cheryl Northey) Mercedes Plans New Manufacturing Plant in Hungary Hungary's government and Mercedes Benz have signed an agreement on a new factory in southern Hungary. Mercedes Benz and Hungary’s Finance Minister, Gordon Bajnai, have signed a contract for a new factory ... This week on Money Talks: We look at the IMF emergency loan for Hungary – See the plans for Mercedes-Benz’s new plant in Hungary – Find out more about Deutsche Post slashing jobs in the US – Changes to air fares advertising in Europe – and green thumbs help German family business thrive IMF Board Approves Emergency Loans for Ukraine and Hungary The International Monetary Fund approved emergency loans for Ukraine and Hungary. Both countries have found themselves in financial jeopardy during the global credit crisis. Money Talks speaks to Dr Christian Dreger, an economist with The German Institute for Economic Research (DIW), in Berlin and asked him what the IMF emergency loans mean for Ukraine and Hungary. (Interview: Cheryl Northey) Mercedes Plans New Manufacturing Plant in Hungary Hungary's government and Mercedes Benz have signed an agreement on a new factory in southern Hungary. Mercedes Benz and Hungary’s Finance Minister, Gordon Bajnai, have signed a contract for a new factory to be built in the Hungarian city of Kecskemet. The deal sees Mercedes investing millions of euros for a production plant that will create thousands of new jobs. Mercedes-Benz plans to start production as early as 2012. (Report: Harriett Ferenczi / Catherine Graue) Deutsche Post Slashing DHL Express Jobs in the United States Deutsche Post's job cut plans will reduce DHL Express' US workforce from 18,400 down to around 3,500. Deutsche Post is pulling out of the US express delivery market and axing nearly 15 thousand jobs. The Bonn-based company hopes to put an end to years of billion euro losses by focusing its energies on its international express delivery service. (Report: Susan Houlton) New EU Air Services Framework a Win for Consumers The new EU legislation came in force requiring airlines include all taxes and charges to appear on their ticket prices. The EU hopes the price transparency regulation will lead to greater competition between airlines and a fairer deal for customers. Money Talks speaks with Andrew Clarke, Director of Air Transport Policy with the European Regions Airline Association about the pricing changes. (Interview: Cheryl Northey) Green Thumbs Keep Family Business Thriving The Lorenz von Ehren Nursery in Hamburg, Germany has over five generations of experience. Many tourists who saunter down the Champs-Élysées in Paris do not realise that the sycamore and chestnut trees they admire are actually imports from Germany. The trees are actually from one of Germany’s high end nurseries, the Lorenz von Ehren Nursery in Hamburg. Established in 1865, von Ehrens has been operating for over 140 years and last year made a profit of 21 million euros. (Report: Linda Vierecke, DW-TV) This week on Money Talks: We look at the IMF emergency loan for Hungary – See the plans for Mercedes-Benz’s new plant in Hungary – Find out more about Deutsche Post slashing jobs in the US – Changes to air fares advertising in Europe – and green thumbs help German family business thrive IMF Board Approves Emergency Loans for Ukraine and Hungary The International Monetary Fund approved emergency loans for Ukraine and Hungary. Both countries have found themselves in financial jeopardy during the global credit crisis. Money Talks speaks to Dr Christian Dreger, an economist with The German Institute for Economic Research (DIW), in Berlin and asked him what the IMF emergency loans mean for Ukraine and Hungary. (Interview: Cheryl Northey) Mercedes Plans New Manufacturing Plant in Hungary Hungary's government and Mercedes Benz have signed an agreement on a new factory in southern Hungary. Mercedes Benz and Hungary’s Finance Minister, Gordon Bajnai, have signed a contract for a new factory to be built in the Hungarian city of Kecskemet. The deal sees Mercedes investing millions of euros for a production plant that will create thousands of new jobs. Mercedes-Benz plans to start production as early as 2012. (Report: Harriett Ferenczi / Catherine Graue) Deutsche Post Slashing DHL Express Jobs in the United States Deutsche Post's job cut plans will reduce DHL Express' US workforce from 18,400 down to around 3,500. Deutsche Post is pulling out of the US express delivery market and axing nearly 15 thousand jobs. The Bonn-based company hopes to put an end to years of billion euro losses by focusing its energies on its international express delivery service. (Report: Susan Houlton) New EU Air Services Framework a Win for Consumers The new EU legislation came in force requiring airlines include all taxes and charges to appear on their ticket prices. The EU hopes the price transparency regulation will lead to greater competition between airlines and a fairer deal for customers. Money Talks speaks with Andrew Clarke, Director of Air Transport Policy with the European Regions Airline Association about the pricing changes. (Interview: Cheryl Northey) Green Thumbs Keep Family Business Thriving The Lorenz von Ehren Nursery in Hamburg, Germany has over five generations of experience. Many tourists who saunter down the Champs-Élysées in Paris do not realise that the sycamore and chestnut trees they admire are actually imports from Germany. The trees are actually from one of Germany’s high end nurseries, the Lorenz von Ehren Nursery in Hamburg. Established in 1865, von Ehrens has been operating for over 140 years and last year made a profit of 21 million euros. (Report: Linda Vierecke, DW-TV) tag:odeo.com,2008-11-11,24614054 Tue, 11 Nov 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23580569-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We follow the pay dispute and escalating IG Metall union strikes across German – Visit a Bavarian bank offering ethical and ecological investments—Catch the latest copper fever in eastern German – and meet the decision makers at the World Economic Forum in Turkey Listen to Money Talks online or subscribe to our podcast.Powerful Union Seeks Wage Increase During Financial Crisis Thousands of metal and electronics workers went on strike across Germany as industrial action over an 8 percent pay claim escalates. The giant IG Metall union organised a series of short walkouts, which affected more than 160 factories. Strikes hit the factories of Ford, General Motors, Audi, Mercedes, Daimler, MAN trucks and Bosch who supply parts to the auto industry. Germany's engineering sector employers' group warned that the strikes risk hurting workers' interests in an increasingly bitter pay dispute with employers. (Report: Sola Hülsewig / Cheryl Northey / Mark Mattox) Bavaria... This week on Money Talks: We follow the pay dispute and escalating IG Metall union strikes across German – Visit a Bavarian bank offering ethical and ecological investments—Catch the latest copper fever in eastern German – and meet the decision makers at the World Economic Forum in Turkey Listen to Money Talks online or subscribe to our podcast.Powerful Union Seeks Wage Increase During Financial Crisis Thousands of metal and electronics workers went on strike across Germany as industrial action over an 8 percent pay claim escalates. The giant IG Metall union organised a series of short walkouts, which affected more than 160 factories. Strikes hit the factories of Ford, General Motors, Audi, Mercedes, Daimler, MAN trucks and Bosch who supply parts to the auto industry. Germany's engineering sector employers' group warned that the strikes risk hurting workers' interests in an increasingly bitter pay dispute with employers. (Report: Sola Hülsewig / Cheryl Northey / Mark Mattox) Bavarian Bank Makes Investing Environmentally Friendly What makes UmweltBank different from other banks is that it offers ethical and ecological investments. The UmweltBank PLC was founded in 1997 with around 7,500 private shareholders. At the end of 2007 the UmweltBank showed a balance sum of around 1 Million euros. The UmweltBank offers an "ecological product guarantee" which means that their clients' money will only be invested in environmentally sound projects. (Report: Leah McDonnell) The New Copper Rush as Production Starts in Eastern Germany World demand for copper has been steadily rising at a much faster rate than the growth in market supply from new discoveries of copper and increased extraction rates of reserves. This at least partly explains why a copper rush of sorts has now beset the region of Lusatia in eastern Germany. The rising price of copper is finally making mining operations profitable there, or so operators hope. Money Talks finds out more about the copper deposits which were discovered in the 1950s, but will only now be mined following a 700 million euros investment by a foreign company. (Report: Hardy Graupner) World Economic Forum Confronts Global Financial Crisis The organisers of the World Economic Forum on Europe and Central Asia hope the regional meeting will shape solutions to the global economic crisis. In Istanbul, Turkey over 400 high-level participants from international business, political leaders as well as top Turkish business people and government officials participated in the World Economic Forum on Europe and Central Asia. While there was general acknowledgement that the financial crisis will have an impact on emerging markets, the enormous growth potential of the region is likely to soften the impact considerably. Money Talks takes a closer look at the threats and opportunities discussed at the forum. (Report: Dorian Jones) This week on Money Talks: We follow the pay dispute and escalating IG Metall union strikes across German – Visit a Bavarian bank offering ethical and ecological investments—Catch the latest copper fever in eastern German – and meet the decision makers at the World Economic Forum in Turkey Listen to Money Talks online or subscribe to our podcast.Powerful Union Seeks Wage Increase During Financial Crisis Thousands of metal and electronics workers went on strike across Germany as industrial action over an 8 percent pay claim escalates. The giant IG Metall union organised a series of short walkouts, which affected more than 160 factories. Strikes hit the factories of Ford, General Motors, Audi, Mercedes, Daimler, MAN trucks and Bosch who supply parts to the auto industry. Germany's engineering sector employers' group warned that the strikes risk hurting workers' interests in an increasingly bitter pay dispute with employers. (Report: Sola Hülsewig / Cheryl Northey / Mark Mattox) Bavarian Bank Makes Investing Environmentally Friendly What makes UmweltBank different from other banks is that it offers ethical and ecological investments. The UmweltBank PLC was founded in 1997 with around 7,500 private shareholders. At the end of 2007 the UmweltBank showed a balance sum of around 1 Million euros. The UmweltBank offers an "ecological product guarantee" which means that their clients' money will only be invested in environmentally sound projects. (Report: Leah McDonnell) The New Copper Rush as Production Starts in Eastern Germany World demand for copper has been steadily rising at a much faster rate than the growth in market supply from new discoveries of copper and increased extraction rates of reserves. This at least partly explains why a copper rush of sorts has now beset the region of Lusatia in eastern Germany. The rising price of copper is finally making mining operations profitable there, or so operators hope. Money Talks finds out more about the copper deposits which were discovered in the 1950s, but will only now be mined following a 700 million euros investment by a foreign company. (Report: Hardy Graupner) World Economic Forum Confronts Global Financial Crisis The organisers of the World Economic Forum on Europe and Central Asia hope the regional meeting will shape solutions to the global economic crisis. In Istanbul, Turkey over 400 high-level participants from international business, political leaders as well as top Turkish business people and government officials participated in the World Economic Forum on Europe and Central Asia. While there was general acknowledgement that the financial crisis will have an impact on emerging markets, the enormous growth potential of the region is likely to soften the impact considerably. Money Talks takes a closer look at the threats and opportunities discussed at the forum. (Report: Dorian Jones) tag:odeo.com,2008-11-04,23580569 Tue, 04 Nov 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614055-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We follow the pay dispute and escalating IG Metall union strikes across German – Visit a Bavarian bank offering ethical and ecological investments—Catch the latest copper fever in eastern German – and meet the decision makers at the World Economic Forum in Turkey Listen to Money Talks online or subscribe to our podcast.Powerful Union Seeks Wage Increase During Financial Crisis Thousands of metal and electronics workers went on strike across Germany as industrial action over an 8 percent pay claim escalates. The giant IG Metall union organised a series of short walkouts, which affected more than 160 factories. Strikes hit the factories of Ford, General Motors, Audi, Mercedes, Daimler, MAN trucks and Bosch who supply parts to the auto industry. Germany's engineering sector employers' group warned that the strikes risk hurting workers' interests in an increasingly bitter pay dispute with employers. (Report: Sola Hülsewig / Cheryl Northey / Mark Mattox) Bavaria... This week on Money Talks: We follow the pay dispute and escalating IG Metall union strikes across German – Visit a Bavarian bank offering ethical and ecological investments—Catch the latest copper fever in eastern German – and meet the decision makers at the World Economic Forum in Turkey Listen to Money Talks online or subscribe to our podcast.Powerful Union Seeks Wage Increase During Financial Crisis Thousands of metal and electronics workers went on strike across Germany as industrial action over an 8 percent pay claim escalates. The giant IG Metall union organised a series of short walkouts, which affected more than 160 factories. Strikes hit the factories of Ford, General Motors, Audi, Mercedes, Daimler, MAN trucks and Bosch who supply parts to the auto industry. Germany's engineering sector employers' group warned that the strikes risk hurting workers' interests in an increasingly bitter pay dispute with employers. (Report: Sola Hülsewig / Cheryl Northey / Mark Mattox) Bavarian Bank Makes Investing Environmentally Friendly What makes UmweltBank different from other banks is that it offers ethical and ecological investments. The UmweltBank PLC was founded in 1997 with around 7,500 private shareholders. At the end of 2007 the UmweltBank showed a balance sum of around 1 billion euros. The UmweltBank offers an "ecological product guarantee" which means that their clients' money will only be invested in environmentally sound projects. (Report: Leah McDonnell) The New Copper Rush as Production Starts in Eastern Germany World demand for copper has been steadily rising at a much faster rate than the growth in market supply from new discoveries of copper and increased extraction rates of reserves. This at least partly explains why a copper rush of sorts has now beset the region of Lusatia in eastern Germany. The rising price of copper is finally making mining operations profitable there, or so operators hope. Money Talks finds out more about the copper deposits which were discovered in the 1950s, but will only now be mined following a 700 million euros investment by a foreign company. (Report: Hardy Graupner) World Economic Forum Confronts Global Financial Crisis The organisers of the World Economic Forum on Europe and Central Asia hope the regional meeting will shape solutions to the global economic crisis. In Istanbul, Turkey over 400 high-level participants from international business, political leaders as well as top Turkish business people and government officials participated in the World Economic Forum on Europe and Central Asia. While there was general acknowledgement that the financial crisis will have an impact on emerging markets, the enormous growth potential of the region is likely to soften the impact considerably. Money Talks takes a closer look at the threats and opportunities discussed at the forum. (Report: Dorian Jones) This week on Money Talks: We follow the pay dispute and escalating IG Metall union strikes across German – Visit a Bavarian bank offering ethical and ecological investments—Catch the latest copper fever in eastern German – and meet the decision makers at the World Economic Forum in Turkey Listen to Money Talks online or subscribe to our podcast.Powerful Union Seeks Wage Increase During Financial Crisis Thousands of metal and electronics workers went on strike across Germany as industrial action over an 8 percent pay claim escalates. The giant IG Metall union organised a series of short walkouts, which affected more than 160 factories. Strikes hit the factories of Ford, General Motors, Audi, Mercedes, Daimler, MAN trucks and Bosch who supply parts to the auto industry. Germany's engineering sector employers' group warned that the strikes risk hurting workers' interests in an increasingly bitter pay dispute with employers. (Report: Sola Hülsewig / Cheryl Northey / Mark Mattox) Bavarian Bank Makes Investing Environmentally Friendly What makes UmweltBank different from other banks is that it offers ethical and ecological investments. The UmweltBank PLC was founded in 1997 with around 7,500 private shareholders. At the end of 2007 the UmweltBank showed a balance sum of around 1 billion euros. The UmweltBank offers an "ecological product guarantee" which means that their clients' money will only be invested in environmentally sound projects. (Report: Leah McDonnell) The New Copper Rush as Production Starts in Eastern Germany World demand for copper has been steadily rising at a much faster rate than the growth in market supply from new discoveries of copper and increased extraction rates of reserves. This at least partly explains why a copper rush of sorts has now beset the region of Lusatia in eastern Germany. The rising price of copper is finally making mining operations profitable there, or so operators hope. Money Talks finds out more about the copper deposits which were discovered in the 1950s, but will only now be mined following a 700 million euros investment by a foreign company. (Report: Hardy Graupner) World Economic Forum Confronts Global Financial Crisis The organisers of the World Economic Forum on Europe and Central Asia hope the regional meeting will shape solutions to the global economic crisis. In Istanbul, Turkey over 400 high-level participants from international business, political leaders as well as top Turkish business people and government officials participated in the World Economic Forum on Europe and Central Asia. While there was general acknowledgement that the financial crisis will have an impact on emerging markets, the enormous growth potential of the region is likely to soften the impact considerably. Money Talks takes a closer look at the threats and opportunities discussed at the forum. (Report: Dorian Jones) tag:odeo.com,2008-11-04,24614055 Tue, 04 Nov 2008 20:30:00 -0800 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/25344815-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks Skyrocket An opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the roof? Shares of German auto maker Volkswagen jumped almost 93 percent on Tuesday, prompting German regulators to declare they were examining why the stock price surged for a second day. Analysts said the increase, which came just a day after VW shares surged more than 150 percent, had forced hedge funds to cover huge positions because they had bet on the automaker's shares falling. This was mostly due to news over the weekend that luxury-car manufacturer Porsche was quietly obtaining options to inc... This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks Skyrocket An opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the roof? Shares of German auto maker Volkswagen jumped almost 93 percent on Tuesday, prompting German regulators to declare they were examining why the stock price surged for a second day. Analysts said the increase, which came just a day after VW shares surged more than 150 percent, had forced hedge funds to cover huge positions because they had bet on the automaker's shares falling. This was mostly due to news over the weekend that luxury-car manufacturer Porsche was quietly obtaining options to increase its stake in Volkswagen to 74 percent by next year. The stock price shot up so high Tuesday that the German carmaker was theoretically the world's most valuable corporation. Money Talks spoke with Richard Milne, European economic expert at the Financial Times in London. Interview: Mark Mattox and Richard Milne, FT London BayernLB Takes the Bailout Shortly after the announcement of a German bailout package worth hundreds of billions of euros, BayernLB was there looking for assistance. BayernLB, Bavaria’s state bank will be the first German bank to take advantage of the federal government’s 500 billion euro rescue package. The news came last week after the bank announced third quarter earnings would fall one billion euros and more negative income is expected in the fourth quarter. The bailout is good news for the Bavarian Government and for the Savings Bank Association, each of which own 50% of BayernLB, but the shockwaves have spread throughout Germany. Some wonder if the rescue package will be big enough to go around. While others are simply wondering who’s next. Report: Mariana SchroederPortrait: DM Holds Strong Germany is most famous for its cars and its beer, but there are several other German companies which are successful on an international level. Germany is the largest health and beauty market in Europe. This is mostly thanks to the country’s large and relatively affluent population and the extensive networks of the main drugstore retailers. And the new leader is this extremely competitive sector is the DM Drogerie Markt – a drugstore retail company based in the southern German town of Karlsruhe. And according to DM, who released their annual report last week, the financial crisis is failing to make a dent in their two figure growth in turnover. Report: Kate Hairsine Palermo Pizzo: Anti-Crime Family in Italy The mafia is infamous in Italy. Now, it seems, that the city of Palermo has its own answer to the thug organization: the anti-mafia. Business owners in Sicily have to pay an extra bill each month. The Mafia demands protection money. Owners who've refused to pay have had their families threatened, watched their businesses go up in smoke, or have even been murdered. Now business owners are fighting back. They’ve joined forces to create their own organized, anti-crime family. Report: Nancy Greenleese This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks Skyrocket An opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the roof? Shares of German auto maker Volkswagen jumped almost 93 percent on Tuesday, prompting German regulators to declare they were examining why the stock price surged for a second day. Analysts said the increase, which came just a day after VW shares surged more than 150 percent, had forced hedge funds to cover huge positions because they had bet on the automaker's shares falling. This was mostly due to news over the weekend that luxury-car manufacturer Porsche was quietly obtaining options to increase its stake in Volkswagen to 74 percent by next year. The stock price shot up so high Tuesday that the German carmaker was theoretically the world's most valuable corporation. Money Talks spoke with Richard Milne, European economic expert at the Financial Times in London. Interview: Mark Mattox and Richard Milne, FT London BayernLB Takes the Bailout Shortly after the announcement of a German bailout package worth hundreds of billions of euros, BayernLB was there looking for assistance. BayernLB, Bavaria’s state bank will be the first German bank to take advantage of the federal government’s 500 billion euro rescue package. The news came last week after the bank announced third quarter earnings would fall one billion euros and more negative income is expected in the fourth quarter. The bailout is good news for the Bavarian Government and for the Savings Bank Association, each of which own 50% of BayernLB, but the shockwaves have spread throughout Germany. Some wonder if the rescue package will be big enough to go around. While others are simply wondering who’s next. Report: Mariana SchroederPortrait: DM Holds Strong Germany is most famous for its cars and its beer, but there are several other German companies which are successful on an international level. Germany is the largest health and beauty market in Europe. This is mostly thanks to the country’s large and relatively affluent population and the extensive networks of the main drugstore retailers. And the new leader is this extremely competitive sector is the DM Drogerie Markt – a drugstore retail company based in the southern German town of Karlsruhe. And according to DM, who released their annual report last week, the financial crisis is failing to make a dent in their two figure growth in turnover. Report: Kate Hairsine Palermo Pizzo: Anti-Crime Family in Italy The mafia is infamous in Italy. Now, it seems, that the city of Palermo has its own answer to the thug organization: the anti-mafia. Business owners in Sicily have to pay an extra bill each month. The Mafia demands protection money. Owners who've refused to pay have had their families threatened, watched their businesses go up in smoke, or have even been murdered. Now business owners are fighting back. They’ve joined forces to create their own organized, anti-crime family. Report: Nancy Greenleese tag:odeo.com,2008-10-28,25344815 Tue, 28 Oct 2008 21:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614056-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks Skyrocket An opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the roof? Shares of German auto maker Volkswagen jumped almost 93 percent on Tuesday, prompting German regulators to declare they were examining why the stock price surged for a second day. Analysts said the increase, which came just a day after VW shares surged more than 150 percent, had forced hedge funds to cover huge positions because they had bet on the automaker's shares falling. This was mostly due to news over the weekend that luxury-car manufacturer Porsche was quietly obtaining options to inc... This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks Skyrocket An opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the roof? Shares of German auto maker Volkswagen jumped almost 93 percent on Tuesday, prompting German regulators to declare they were examining why the stock price surged for a second day. Analysts said the increase, which came just a day after VW shares surged more than 150 percent, had forced hedge funds to cover huge positions because they had bet on the automaker's shares falling. This was mostly due to news over the weekend that luxury-car manufacturer Porsche was quietly obtaining options to increase its stake in Volkswagen to 74 percent by next year. The stock price shot up so high Tuesday that the German carmaker was theoretically the world's most valuable corporation. Money Talks spoke with Richard Milne, European economic expert at the Financial Times in London. Interview: Mark Mattox and Richard Milne, FT London BayernLB Takes the Bailout Shortly after the announcement of a German bailout package worth hundreds of billions of euros, BayernLB was there looking for assistance. BayernLB, Bavaria’s state bank will be the first German bank to take advantage of the federal government’s 500 billion euro rescue package. The news came last week after the bank announced third quarter earnings would fall one billion euros and more negative income is expected in the fourth quarter. The bailout is good news for the Bavarian Government and for the Savings Bank Association, each of which own 50% of BayernLB, but the shockwaves have spread throughout Germany. Some wonder if the rescue package will be big enough to go around. While others are simply wondering who’s next. Report: Mariana SchroederPortrait: DM Holds Strong Germany is most famous for its cars and its beer, but there are several other German companies which are successful on an international level. Germany is the largest health and beauty market in Europe. This is mostly thanks to the country’s large and relatively affluent population and the extensive networks of the main drugstore retailers. And the new leader is this extremely competitive sector is the DM Drogerie Markt – a drugstore retail company based in the southern German town of Karlsruhe. And according to DM, who released their annual report last week, the financial crisis is failing to make a dent in their two figure growth in turnover. Report: Kate Hairsine Palermo Pizzo: Anti-Crime Family in Italy The mafia is infamous in Italy. Now, it seems, that the city of Palermo has its own answer to the thug organization: the anti-mafia. Business owners in Sicily have to pay an extra bill each month. The Mafia demands protection money. Owners who've refused to pay have had their families threatened, watched their businesses go up in smoke, or have even been murdered. Now business owners are fighting back. They’ve joined forces to create their own organized, anti-crime family. Report: Nancy Greenleese This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks Skyrocket An opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the roof? Shares of German auto maker Volkswagen jumped almost 93 percent on Tuesday, prompting German regulators to declare they were examining why the stock price surged for a second day. Analysts said the increase, which came just a day after VW shares surged more than 150 percent, had forced hedge funds to cover huge positions because they had bet on the automaker's shares falling. This was mostly due to news over the weekend that luxury-car manufacturer Porsche was quietly obtaining options to increase its stake in Volkswagen to 74 percent by next year. The stock price shot up so high Tuesday that the German carmaker was theoretically the world's most valuable corporation. Money Talks spoke with Richard Milne, European economic expert at the Financial Times in London. Interview: Mark Mattox and Richard Milne, FT London BayernLB Takes the Bailout Shortly after the announcement of a German bailout package worth hundreds of billions of euros, BayernLB was there looking for assistance. BayernLB, Bavaria’s state bank will be the first German bank to take advantage of the federal government’s 500 billion euro rescue package. The news came last week after the bank announced third quarter earnings would fall one billion euros and more negative income is expected in the fourth quarter. The bailout is good news for the Bavarian Government and for the Savings Bank Association, each of which own 50% of BayernLB, but the shockwaves have spread throughout Germany. Some wonder if the rescue package will be big enough to go around. While others are simply wondering who’s next. Report: Mariana SchroederPortrait: DM Holds Strong Germany is most famous for its cars and its beer, but there are several other German companies which are successful on an international level. Germany is the largest health and beauty market in Europe. This is mostly thanks to the country’s large and relatively affluent population and the extensive networks of the main drugstore retailers. And the new leader is this extremely competitive sector is the DM Drogerie Markt – a drugstore retail company based in the southern German town of Karlsruhe. And according to DM, who released their annual report last week, the financial crisis is failing to make a dent in their two figure growth in turnover. Report: Kate Hairsine Palermo Pizzo: Anti-Crime Family in Italy The mafia is infamous in Italy. Now, it seems, that the city of Palermo has its own answer to the thug organization: the anti-mafia. Business owners in Sicily have to pay an extra bill each month. The Mafia demands protection money. Owners who've refused to pay have had their families threatened, watched their businesses go up in smoke, or have even been murdered. Now business owners are fighting back. They’ve joined forces to create their own organized, anti-crime family. Report: Nancy Greenleese tag:odeo.com,2008-10-28,24614056 Tue, 28 Oct 2008 20:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23544770-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks Skyrocket An opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the roof? Shares of German auto maker Volkswagen jumped almost 93 percent on Tuesday, prompting German regulators to declare they were examining why the stock price surged for a second day. Analysts said the increase, which came just a day after VW shares surged more than 150 percent, had forced hedge funds to cover huge positions because they had bet on the automaker's shares falling. This was mostly due to news over the weekend that luxury-car manufacturer Porsche was quietly obtaining options to inc... This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks Skyrocket An opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the roof? Shares of German auto maker Volkswagen jumped almost 93 percent on Tuesday, prompting German regulators to declare they were examining why the stock price surged for a second day. Analysts said the increase, which came just a day after VW shares surged more than 150 percent, had forced hedge funds to cover huge positions because they had bet on the automaker's shares falling. This was mostly due to news over the weekend that luxury-car manufacturer Porsche was quietly obtaining options to increase its stake in Volkswagen to 74 percent by next year. The stock price shot up so high Tuesday that the German carmaker was theoretically the world's most valuable corporation. Money Talks spoke with Richard Milne, European economic expert at the Financial Times in London. Interview: Mark Mattox and Richard Milne, FT London BayernLB Takes the Bailout Shortly after the announcement of a German bailout package worth hundreds of billions of euros, BayernLB was there looking for assistance. BayernLB, Bavaria’s state bank will be the first German bank to take advantage of the federal government’s 500 billion euro rescue package. The news came last week after the bank announced third quarter earnings would fall one billion euros and more negative income is expected in the fourth quarter. The bailout is good news for the Bavarian Government and for the Savings Bank Association, each of which own 50% of BayernLB, but the shockwaves have spread throughout Germany. Some wonder if the rescue package will be big enough to go around. While others are simply wondering who’s next. Report: Mariana SchroederPortrait: DM Holds Strong Germany is most famous for its cars and its beer, but there are several other German companies which are successful on an international level. Germany is the largest health and beauty market in Europe. This is mostly thanks to the country’s large and relatively affluent population and the extensive networks of the main drugstore retailers. And the new leader is this extremely competitive sector is the DM Drogerie Markt – a drugstore retail company based in the southern German town of Karlsruhe. And according to DM, who released their annual report last week, the financial crisis is failing to make a dent in their two figure growth in turnover. Report: Kate Hairsine Palermo Pizzo: Anti-Crime Family in Italy The mafia is infamous in Italy. Now, it seems, that the city of Palermo has its own answer to the thug organization: the anti-mafia. Business owners in Sicily have to pay an extra bill each month. The Mafia demands protection money. Owners who've refused to pay have had their families threatened, watched their businesses go up in smoke, or have even been murdered. Now business owners are fighting back. They’ve joined forces to create their own organized, anti-crime family. Report: Nancy Greenleese This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks Skyrocket An opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the roof? Shares of German auto maker Volkswagen jumped almost 93 percent on Tuesday, prompting German regulators to declare they were examining why the stock price surged for a second day. Analysts said the increase, which came just a day after VW shares surged more than 150 percent, had forced hedge funds to cover huge positions because they had bet on the automaker's shares falling. This was mostly due to news over the weekend that luxury-car manufacturer Porsche was quietly obtaining options to increase its stake in Volkswagen to 74 percent by next year. The stock price shot up so high Tuesday that the German carmaker was theoretically the world's most valuable corporation. Money Talks spoke with Richard Milne, European economic expert at the Financial Times in London. Interview: Mark Mattox and Richard Milne, FT London BayernLB Takes the Bailout Shortly after the announcement of a German bailout package worth hundreds of billions of euros, BayernLB was there looking for assistance. BayernLB, Bavaria’s state bank will be the first German bank to take advantage of the federal government’s 500 billion euro rescue package. The news came last week after the bank announced third quarter earnings would fall one billion euros and more negative income is expected in the fourth quarter. The bailout is good news for the Bavarian Government and for the Savings Bank Association, each of which own 50% of BayernLB, but the shockwaves have spread throughout Germany. Some wonder if the rescue package will be big enough to go around. While others are simply wondering who’s next. Report: Mariana SchroederPortrait: DM Holds Strong Germany is most famous for its cars and its beer, but there are several other German companies which are successful on an international level. Germany is the largest health and beauty market in Europe. This is mostly thanks to the country’s large and relatively affluent population and the extensive networks of the main drugstore retailers. And the new leader is this extremely competitive sector is the DM Drogerie Markt – a drugstore retail company based in the southern German town of Karlsruhe. And according to DM, who released their annual report last week, the financial crisis is failing to make a dent in their two figure growth in turnover. Report: Kate Hairsine Palermo Pizzo: Anti-Crime Family in Italy The mafia is infamous in Italy. Now, it seems, that the city of Palermo has its own answer to the thug organization: the anti-mafia. Business owners in Sicily have to pay an extra bill each month. The Mafia demands protection money. Owners who've refused to pay have had their families threatened, watched their businesses go up in smoke, or have even been murdered. Now business owners are fighting back. They’ve joined forces to create their own organized, anti-crime family. Report: Nancy Greenleese tag:odeo.com,2008-10-28,23544770 Tue, 28 Oct 2008 20:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23516106-Money-Talks-Business-from-the-Heart-of-Europe Germany's bid to stimulate the economy, Spain's Santander braves the financial storm, e-books pose a threat to traditional publishers and a visit to a millionaires' bazaar! All that on this week's Money Talks.Germany Looks to Boost Economy Amid Gloomy Outlook Chancellor Angela Merkel has asked the economy and finance ministries to quickly come up with ideas for ‘’targetted measures’’ to boost struggling industries. The Chancellor's comments to the cabinet came even as Germany’s central bank warned that the financial crisis and a global slowdown had already left a mark on the economy. In its October report, the Bundesbank said that the economy likely stagnated in the third quarter. Meanwhile, the cabinet finalised the terms under which banks can make use of the 500-billion-euro rescue package rushed through parliament last week to shore up banks in the wake of the global financial crisis. Among the conditions is a 500-thousand-euro cap on executive pay and a 10-billion-euro bailout l... Germany's bid to stimulate the economy, Spain's Santander braves the financial storm, e-books pose a threat to traditional publishers and a visit to a millionaires' bazaar! All that on this week's Money Talks.Germany Looks to Boost Economy Amid Gloomy Outlook Chancellor Angela Merkel has asked the economy and finance ministries to quickly come up with ideas for ‘’targetted measures’’ to boost struggling industries. The Chancellor's comments to the cabinet came even as Germany’s central bank warned that the financial crisis and a global slowdown had already left a mark on the economy. In its October report, the Bundesbank said that the economy likely stagnated in the third quarter. Meanwhile, the cabinet finalised the terms under which banks can make use of the 500-billion-euro rescue package rushed through parliament last week to shore up banks in the wake of the global financial crisis. Among the conditions is a 500-thousand-euro cap on executive pay and a 10-billion-euro bailout limit for each lender. Holger Schmieding, chief European economist for Bank of America assesses these developments. Interviewer: Ranjitha Balasubramanyam Spanish Banks Brave the Financial Storm Spain’s biggest bank, Santander, and much of the country’s financial sector are in surprisingly good shape. Even before the financial crisis, Spain had already been hard hit by the global economic slowdown. The unemployment rate is now the highest in the eurozone and what was once the engine of growth, the construction industry, is grinding to a halt. Following the decisions made by the United States and the European Union to provide billions to prop up the financial system, the Madrid government has announced that it’s guaranteeing up to one hundred billion euros worth of bonds. This, it hopes, will ensure that Spanish banks have a supply of credit. Report: Danny Wood Are E-Books Set to Rout Traditional Publishers? One of the most sweeping changes in the industry has involved E-Books. The world’s biggest publishing event, the Frankfurt Book Fair, drew to a close last weekend, having attracted some 300,000 visitors – the highest number in its 60-year history. The fair helped draw attention to threats facing traditional publishing methods with many publishers struggling to face up to the new reality of digitisation and the challenges thrown up by the growing influence of the Internet. Mike Shatzkin, CEO of the Idea Logical Company, a consultant group for large publishers, says a revolution is under way. Interviewer: Eric Heath Millionaires And Maseratis Turn Up In Munich In spite of the seemingly endless talk of the global financial meltdown, it appears some people continue to remain oblivious to all this and are even prepared to flaunt their millions. The four-day ‘Millionaires Fair’ showed off luxury goods – everything from designer evening gowns to Maseratis to cigars coated with pure gold was on offer. The fair was criticised by some for displaying extravagant and pricey items during such difficult financial times. Report: Mariana Schröder Germany's bid to stimulate the economy, Spain's Santander braves the financial storm, e-books pose a threat to traditional publishers and a visit to a millionaires' bazaar! All that on this week's Money Talks.Germany Looks to Boost Economy Amid Gloomy Outlook Chancellor Angela Merkel has asked the economy and finance ministries to quickly come up with ideas for ‘’targetted measures’’ to boost struggling industries. The Chancellor's comments to the cabinet came even as Germany’s central bank warned that the financial crisis and a global slowdown had already left a mark on the economy. In its October report, the Bundesbank said that the economy likely stagnated in the third quarter. Meanwhile, the cabinet finalised the terms under which banks can make use of the 500-billion-euro rescue package rushed through parliament last week to shore up banks in the wake of the global financial crisis. Among the conditions is a 500-thousand-euro cap on executive pay and a 10-billion-euro bailout limit for each lender. Holger Schmieding, chief European economist for Bank of America assesses these developments. Interviewer: Ranjitha Balasubramanyam Spanish Banks Brave the Financial Storm Spain’s biggest bank, Santander, and much of the country’s financial sector are in surprisingly good shape. Even before the financial crisis, Spain had already been hard hit by the global economic slowdown. The unemployment rate is now the highest in the eurozone and what was once the engine of growth, the construction industry, is grinding to a halt. Following the decisions made by the United States and the European Union to provide billions to prop up the financial system, the Madrid government has announced that it’s guaranteeing up to one hundred billion euros worth of bonds. This, it hopes, will ensure that Spanish banks have a supply of credit. Report: Danny Wood Are E-Books Set to Rout Traditional Publishers? One of the most sweeping changes in the industry has involved E-Books. The world’s biggest publishing event, the Frankfurt Book Fair, drew to a close last weekend, having attracted some 300,000 visitors – the highest number in its 60-year history. The fair helped draw attention to threats facing traditional publishing methods with many publishers struggling to face up to the new reality of digitisation and the challenges thrown up by the growing influence of the Internet. Mike Shatzkin, CEO of the Idea Logical Company, a consultant group for large publishers, says a revolution is under way. Interviewer: Eric Heath Millionaires And Maseratis Turn Up In Munich In spite of the seemingly endless talk of the global financial meltdown, it appears some people continue to remain oblivious to all this and are even prepared to flaunt their millions. The four-day ‘Millionaires Fair’ showed off luxury goods – everything from designer evening gowns to Maseratis to cigars coated with pure gold was on offer. The fair was criticised by some for displaying extravagant and pricey items during such difficult financial times. Report: Mariana Schröder tag:odeo.com,2008-10-21,23516106 Tue, 21 Oct 2008 21:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23488303-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We take a look at rescue packages around Europe – Learn how the credit crunch is affecting the average German – Travel to London to see how the service industry is suffering from the credit crunch – and take a look at how French banks have been able to weather the storm.Bailout Plans Sweep the European Union After meetings over the weekend it seems that the EU member states are going to set up large, American-style rescue plans for their banking industries. But what are the conditions and how much are they worth? German chancellor Angela Merkel has unveiled the details of a multi-billion-euro bailout plan for the ailing banking sector. Over the weekend- Merkel and the Social Democrats in her government worked out a rescue package to the tune of 500 billion euros. The move comes after the G7 industrial nations agreed to free up frozen credit markets across the world. This will add billions in fresh money into the markets. Meanwhile the United States is prepa... This week on Money Talks: We take a look at rescue packages around Europe – Learn how the credit crunch is affecting the average German – Travel to London to see how the service industry is suffering from the credit crunch – and take a look at how French banks have been able to weather the storm.Bailout Plans Sweep the European Union After meetings over the weekend it seems that the EU member states are going to set up large, American-style rescue plans for their banking industries. But what are the conditions and how much are they worth? German chancellor Angela Merkel has unveiled the details of a multi-billion-euro bailout plan for the ailing banking sector. Over the weekend- Merkel and the Social Democrats in her government worked out a rescue package to the tune of 500 billion euros. The move comes after the G7 industrial nations agreed to free up frozen credit markets across the world. This will add billions in fresh money into the markets. Meanwhile the United States is preparing to inject 250 billion dollars into its banking sector in a new bid to calm markets rattled by the credit crisis. According to US media the Treasury Department plans to use the cash to buy stakes in nine major US banks. This would reverse the Treasury’s earlier position of rejecting any measures that involve de facto partial nationalization of financial institutions. Report: Catherine Grau Effects of a Credit Crunch The worldwide financial crisis is in the news everyday, but how is it affecting the average person on the street? Every week it seems there is a new bank to bailout or another country proposing a multi-billion euro rescue plan. Even though it’s in the news all the time, does the average German really care whether or not Wall Street makes a comeback or if Iceland decides to nationalize its banking sector? And do the decisions made by executives in Frankfurt, London and New York actually have a noticeable affect on the lives of Herr and Frau Schmidt? Report: Eric HeathFrench Finances Weather the Storm Major banks in Germany, Great Britain and the Benelux countries have all felt the squeeze from the financial crisis. However, the same can’t be said for banks in France. Europe’s biggest bank, BNP-Parisbas became even bigger this week when it swallowed up the troubled Belgian banking and insurance group Fortis. It’s too early to say whether French banks will get out of this crisis unscathed but, for the time being, no French bank has gone under, none has required a government bail-out and some are even hoping to come out of all this stronger than they went in. French banks used to be criticized for their aversion to risk. Not anymore. Report: John LaurensonFinancial Crisis Trickles Down What do dog walkers, nannies, personal shoppers and bank CEOs all have in common? As the credit crisis continues it isn’t just the bank CEOs and major share holders who are feeling the pinch. The global financial turmoil has trickled its way down the ladder. As more and more banks are shutting down and more and more people are being laid off, the service industry is paying the price. From nannies and dog walkers to personal chefs and shoppers, it seems that almost everyone has been affected by the crisis in one way or another. Report: Carol Allen This week on Money Talks: We take a look at rescue packages around Europe – Learn how the credit crunch is affecting the average German – Travel to London to see how the service industry is suffering from the credit crunch – and take a look at how French banks have been able to weather the storm.Bailout Plans Sweep the European Union After meetings over the weekend it seems that the EU member states are going to set up large, American-style rescue plans for their banking industries. But what are the conditions and how much are they worth? German chancellor Angela Merkel has unveiled the details of a multi-billion-euro bailout plan for the ailing banking sector. Over the weekend- Merkel and the Social Democrats in her government worked out a rescue package to the tune of 500 billion euros. The move comes after the G7 industrial nations agreed to free up frozen credit markets across the world. This will add billions in fresh money into the markets. Meanwhile the United States is preparing to inject 250 billion dollars into its banking sector in a new bid to calm markets rattled by the credit crisis. According to US media the Treasury Department plans to use the cash to buy stakes in nine major US banks. This would reverse the Treasury’s earlier position of rejecting any measures that involve de facto partial nationalization of financial institutions. Report: Catherine Grau Effects of a Credit Crunch The worldwide financial crisis is in the news everyday, but how is it affecting the average person on the street? Every week it seems there is a new bank to bailout or another country proposing a multi-billion euro rescue plan. Even though it’s in the news all the time, does the average German really care whether or not Wall Street makes a comeback or if Iceland decides to nationalize its banking sector? And do the decisions made by executives in Frankfurt, London and New York actually have a noticeable affect on the lives of Herr and Frau Schmidt? Report: Eric HeathFrench Finances Weather the Storm Major banks in Germany, Great Britain and the Benelux countries have all felt the squeeze from the financial crisis. However, the same can’t be said for banks in France. Europe’s biggest bank, BNP-Parisbas became even bigger this week when it swallowed up the troubled Belgian banking and insurance group Fortis. It’s too early to say whether French banks will get out of this crisis unscathed but, for the time being, no French bank has gone under, none has required a government bail-out and some are even hoping to come out of all this stronger than they went in. French banks used to be criticized for their aversion to risk. Not anymore. Report: John LaurensonFinancial Crisis Trickles Down What do dog walkers, nannies, personal shoppers and bank CEOs all have in common? As the credit crisis continues it isn’t just the bank CEOs and major share holders who are feeling the pinch. The global financial turmoil has trickled its way down the ladder. As more and more banks are shutting down and more and more people are being laid off, the service industry is paying the price. From nannies and dog walkers to personal chefs and shoppers, it seems that almost everyone has been affected by the crisis in one way or another. Report: Carol Allen tag:odeo.com,2008-10-14,23488303 Tue, 14 Oct 2008 21:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/24614057-Old_Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We take a look at rescue packages around Europe – Learn how the credit crunch is affecting the average German – Travel to London to see how the service industry is suffering from the credit crunch – and take a look at how French banks have been able to weather the storm.Bailout Plans Sweep the European Union After meetings over the weekend it seems that the EU member states are going to set up large, American-style rescue plans for their banking industries. But what are the conditions and how much are they worth? German chancellor Angela Merkel has unveiled the details of a multi-billion-euro bailout plan for the ailing banking sector. Over the weekend Merkel and her coalition government of the Social Democrats and Christian Democrats worked out a rescue package to the tune of 500 billion euros. The move comes after the G7 industrial nations agreed to free up frozen credit markets across the world. This will add billions in fresh money into the markets. Mea... This week on Money Talks: We take a look at rescue packages around Europe – Learn how the credit crunch is affecting the average German – Travel to London to see how the service industry is suffering from the credit crunch – and take a look at how French banks have been able to weather the storm.Bailout Plans Sweep the European Union After meetings over the weekend it seems that the EU member states are going to set up large, American-style rescue plans for their banking industries. But what are the conditions and how much are they worth? German chancellor Angela Merkel has unveiled the details of a multi-billion-euro bailout plan for the ailing banking sector. Over the weekend Merkel and her coalition government of the Social Democrats and Christian Democrats worked out a rescue package to the tune of 500 billion euros. The move comes after the G7 industrial nations agreed to free up frozen credit markets across the world. This will add billions in fresh money into the markets. Meanwhile the United States is preparing to inject 250 billion dollars into its banking sector in a new bid to calm markets rattled by the credit crisis. According to US media the Treasury Department plans to use the cash to buy stakes in nine major US banks. This would reverse the Treasury’s earlier position of rejecting any measures that involve de facto partial nationalization of financial institutions. Report: Catherine Grau Effects of a Credit Crunch The worldwide financial crisis is in the news everyday, but how is it affecting the average person on the street? Every week it seems there is a new bank to bailout or another country proposing a multi-billion euro rescue plan. Even though it’s in the news all the time, does the average German really care whether or not Wall Street makes a comeback or if Iceland decides to nationalize its banking sector? And do the decisions made by executives in Frankfurt, London and New York actually have a noticeable affect on the lives of Herr and Frau Schmidt? Report: Eric HeathFrench Finances Weather the Storm Major banks in Germany, Great Britain and the Benelux countries have all felt the squeeze from the financial crisis. However, the same can’t be said for banks in France. Europe’s biggest bank, BNP-Parisbas became even bigger this week when it swallowed up the troubled Belgian banking and insurance group Fortis. It’s too early to say whether French banks will get out of this crisis unscathed but, for the time being, no French bank has gone under, none has required a government bail-out and some are even hoping to come out of all this stronger than they went in. French banks used to be criticized for their aversion to risk. Not anymore. Report: John LaurensonFinancial Crisis Trickles Down What do dog walkers, nannies, personal shoppers and bank CEOs all have in common? As the credit crisis continues it isn’t just the bank CEOs and major share holders who are feeling the pinch. The global financial turmoil has trickled its way down the ladder. As more and more banks are shutting down and more and more people are being laid off, the service industry is paying the price. From nannies and dog walkers to personal chefs and shoppers, it seems that almost everyone has been affected by the crisis in one way or another. Report: Carol Allen This week on Money Talks: We take a look at rescue packages around Europe – Learn how the credit crunch is affecting the average German – Travel to London to see how the service industry is suffering from the credit crunch – and take a look at how French banks have been able to weather the storm.Bailout Plans Sweep the European Union After meetings over the weekend it seems that the EU member states are going to set up large, American-style rescue plans for their banking industries. But what are the conditions and how much are they worth? German chancellor Angela Merkel has unveiled the details of a multi-billion-euro bailout plan for the ailing banking sector. Over the weekend Merkel and her coalition government of the Social Democrats and Christian Democrats worked out a rescue package to the tune of 500 billion euros. The move comes after the G7 industrial nations agreed to free up frozen credit markets across the world. This will add billions in fresh money into the markets. Meanwhile the United States is preparing to inject 250 billion dollars into its banking sector in a new bid to calm markets rattled by the credit crisis. According to US media the Treasury Department plans to use the cash to buy stakes in nine major US banks. This would reverse the Treasury’s earlier position of rejecting any measures that involve de facto partial nationalization of financial institutions. Report: Catherine Grau Effects of a Credit Crunch The worldwide financial crisis is in the news everyday, but how is it affecting the average person on the street? Every week it seems there is a new bank to bailout or another country proposing a multi-billion euro rescue plan. Even though it’s in the news all the time, does the average German really care whether or not Wall Street makes a comeback or if Iceland decides to nationalize its banking sector? And do the decisions made by executives in Frankfurt, London and New York actually have a noticeable affect on the lives of Herr and Frau Schmidt? Report: Eric HeathFrench Finances Weather the Storm Major banks in Germany, Great Britain and the Benelux countries have all felt the squeeze from the financial crisis. However, the same can’t be said for banks in France. Europe’s biggest bank, BNP-Parisbas became even bigger this week when it swallowed up the troubled Belgian banking and insurance group Fortis. It’s too early to say whether French banks will get out of this crisis unscathed but, for the time being, no French bank has gone under, none has required a government bail-out and some are even hoping to come out of all this stronger than they went in. French banks used to be criticized for their aversion to risk. Not anymore. Report: John LaurensonFinancial Crisis Trickles Down What do dog walkers, nannies, personal shoppers and bank CEOs all have in common? As the credit crisis continues it isn’t just the bank CEOs and major share holders who are feeling the pinch. The global financial turmoil has trickled its way down the ladder. As more and more banks are shutting down and more and more people are being laid off, the service industry is paying the price. From nannies and dog walkers to personal chefs and shoppers, it seems that almost everyone has been affected by the crisis in one way or another. Report: Carol Allen tag:odeo.com,2008-10-14,24614057 Tue, 14 Oct 2008 21:30:00 -0700 no Old_Money Talks: Money Talks Money Talks http://odeo.com/episodes/23464281-Money-Talks-Business-from-the-Heart-of-Europe This week on Money Talks: We take a look at the rescue package for German mortgage bank Hypo Real Estate – Learn about the possibility of a broader German bailout plan – Travel to eastern Germany to see why some Poles are packing up and crossing the boarder – and check in with the auto industry at the Paris Motor ShowFinancial Crisis Hits Germany: What Should be Done? Germany’s first bank to feel the crunch has already called for mercy. But is this just a stopgap and what needs to be done to really fix the problem? Stock markets around the world plunged Monday as investors worried that government bail-outs for sick banks were failing to cure a crisis that threatens to infect global trade and industry too. Last week Hypo Real Estate, the first major German financial institution to be hit by the worldwide crisis, called for mercy and asked the government to save it from collapse. Chancellor Angela Merkel’s government originally came up with a 35 billion euro plan to pull the mortgage ... This week on Money Talks: We take a look at the rescue package for German mortgage bank Hypo Real Estate – Learn about the possibility of a broader German bailout plan – Travel to eastern Germany to see why some Poles are packing up and crossing the boarder – and check in with the auto industry at the Paris Motor ShowFinancial Crisis Hits Germany: What Should be Done? Germany’s first bank to feel the crunch has already called for mercy. But is this just a stopgap and what needs to be done to really fix the problem? Stock markets around the world plunged Monday as investors worried that government bail-outs for sick banks were failing to cure a crisis that threatens to infect global trade and industry too. Last week Hypo Real Estate, the first major German financial institution to be hit by the worldwide crisis, called for mercy and asked the government to save it from collapse. Chancellor Angela Merkel’s government originally came up with a 35 billion euro plan to pull the mortgage giant out of a tailspin. That plan, however, came into troubles of it’s own, and had to be modified. 15 billion euros were added and insurance on savings and checking accounts within Germany are to be raised. Money Talks speaks with Helge Berger, professor of economics and monetary theory at the Free University in Berlin. Interview: Mark Mattox / Helge Berger German Rescue Plan Gets Rolling With the approval of a 50 billion euro plan to bailout mortgage giant Hypo Real Estate, many are wondering if Germany should have a broader plan. What started in the United States over a year ago has swept across the Atlantic and has engulfed Western Europe, becoming an international problem, which many feel needs an international solution. European Union leaders sought a common response to the crisis to send a message of reassurance, but one after another, individual nations went their separate ways with corporate bail-outs and support of bank accounts. Until a week ago, German leaders disputed that they would be affected by the crisis, but by Monday, they could no longer deny the global enmeshments of the system. Reporter: Nancy Isenson Poles Pack Up and Head for Germany Poland, which is new to the European Union, isn’t usually seen as having a booming economy. Well now things are changing and it seems some Poles can’t afford to live in their own country anymore. For eastern Germans living near the Polish border it used to be quite normal to drive to the other side to fill up their cars on the cheap or buy inexpensive food items, cigarettes and alcohol. But in the past few years, places like the German border village of Loecknitz in the northern state of Mecklenburg-Western Pomerania have experienced something quite new. Poles are increasingly coming over to the German side to either just live there or set up businesses. With a strong zloty and a booming Polish economy, life in Poland has become more expensive than in some rural regions in eastern Germany, rents and land included. The new arrivals from Poland are widely seen as an enrichment of local cultural and economic life, but some feel threatened by the new realities on the ground. Reporter: Hardy Graupner Eco Cars New Trend at Paris Motor Show When a lot of people think of Germany, they think of cars. Now the big German three, BMW, Mercedes-Benz and Volkswagen, are looking to secure their futures with an environmentally friendly approach. With the price of fuel ever on the rise and the world in the midst of the financial crisis, it’s no wonder that one of the industries worried most about what’s to come next is the auto industry. This week car makers and industry insiders flocked to Paris for the annual Paris Motor Show, and Money Talks was there for the opening. Behind the glitz and the glamour- we saw most auto manufacturers are placing their bets on environmentally friendlier technology to keep afloat. Reporter: Jodi Breisler This week on Money Talks: We take a look at the rescue package for German mortgage bank Hypo Real Estate – Learn about the possibility of a broader German bailout plan – Travel to eastern Germany to see why some Poles are packing up and crossing the boarder – and check in with the auto industry at the Paris Motor ShowFinancial Crisis Hits Germany: What Should be Done? Germany’s first bank to feel the crunch has already called for mercy. But is this just a stopgap and what needs to be done to really fix the problem? Stock markets around the world plunged Monday as investors worried that government bail-outs for sick banks were failing to cure a crisis that threatens to infect global trade and industry too. Last week Hypo Real Estate, the first major German financial institution to be hit by the worldwide crisis, called for mercy and asked the government to save it from collapse. Chancellor Angela Merkel’s government originally came up with a 35 billion euro plan to pull the mortgage giant out of a tailspin. That plan, however, came into troubles of it’s own, and had to be modified. 15 billion euros were added and insurance on savings and checking accounts within Germany are to be raised. Money Talks speaks with Helge Berger, professor of economics and monetary theory at the Free University in Berlin. Interview: Mark Mattox / Helge Berger German Rescue Plan Gets Rolling With the approval of a 50 billion euro plan to bailout mortgage giant Hypo Real Estate, many are wondering if Germany should have a broader plan. What started in the United States over a year ago has swept across the Atlantic and has engulfed Western Europe, becoming an international problem, which many feel needs an international solution. European Union leaders sought a common response to the crisis to send a message of reassurance, but one after another, individual nations went their separate ways with corporate bail-outs and support of bank accounts. Until a week ago, German leaders disputed that they would be affected by the crisis, but by Monday, they could no longer deny the global enmeshments of the system. Reporter: Nancy Isenson Poles Pack Up and Head for Germany Poland, which is new to the European Union, isn’t usually seen as having a booming economy. Well now things are changing and it seems some Poles can’t afford to live in their own country anymore. For eastern Germans living near the Polish border it used to be quite normal to drive to the other side to fill up their cars on the cheap or buy inexpensive food items, cigarettes and alcohol. But in the past few years, places like the German border village of Loecknitz in the northern state of Mecklenburg-Western Pomerania have experienced something quite new. Poles are increasingly coming over to the German side to either just live there or set up businesses. With a strong zloty and a booming Polish economy, life in Poland has become more expensive than in some rural regions in eastern Germany, rents and land included. The new arrivals from Poland are widely seen as an enrichment of local cultural and economic life, but some feel threatened by the new realities on the ground. Reporter: Hardy Graupner Eco Cars New Trend at Paris Motor Show When a lot of people think of Germany, they think of cars. Now the big German three, BMW, Mercedes-Benz and Volkswagen, are looking to secure their futures with an environmentally friendly approach. With the price of fuel ever on the rise and the world in the midst of the financial crisis, it’s no wonder that one of the industries worried most about what’s to come next is the auto industry. This week car makers and industry insiders flocked to Paris for the annual Paris Motor Show, and Money Talks was there for the opening. Behind the glitz and the glamour- we saw most auto manufacturers are placing their bets on environmentally friendlier technology to keep afloat. Reporter: Jodi Breisler tag:odeo.com,2008-10-07,23464281 Tue, 07 Oct 2008 21:30:00 -0700 no Old_Money Talks: Money Talks Money Talks