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Banking on lies

Banking industry culture promotes deception

The world is still recovering from the devastating effects of the massive economic recession that occurred in 2008. Recently, Germany breathed with relief as it narrowly avoided returning to recession. This recent recession, considered to be one of the worst in history since the Great Depression, has produced huge income inequalities across North America.

Since economic scams perpetrated by some of the world's biggest banks were instrumental in the collapse of the global economy, it is not surprising that the business culture in the financial industry is met with increasing skepticism and mistrust worldwide. What is even more interesting is that, science has now provided new evidence linking business...

News »

DB strikes again
DB train drivers on strike for five days
The Berlin Wall fell 25 years ago, but a new wall of trade unionism creeping up in the railroad...

Statista Chart Beer Consumption and Prices
Beer consumption and prices rise at Oktoberfest
The 181st Oktoberfest is underway with a million visitors flooding the giant tents on the opening...

Power plant in Australia
Looking for a climate change agreement in 2015
The negotiations for a new Climate Change Agreement in 2015 is far advanced after the first...

Bernie Ecclestone in Eur 75m settlement
Ecclestone trial ends
A Munich court has agreed to cancel bribery charges against Formula One boss Bernie Ecclestone after...

Arts & Culture »

Jennifer Lawrence stars as Katniss Everdeen
The Hunger Games: Mockingjay Part 1
The worldwide phenomenon of "The Hunger Games" continues to set the world on fire with "The Hunger...

Finding Fela
Africa International Film Festival in Nigeria
When Nigeria is mentioned in Western media, usually the names of Ebola virus or Boko Haram...

The Ballet Russes at Bayerische Staatsoper, Munich
The Ballet Russes at Bayerische Staatsoper
The Ballet ensemble of the Bayerische Staatsoper is performing The Ballet Russe. At the latest...

Biking through Europe will be easier
Biking through Europe, the EuroVelo way
One of the sustainable tourism projects which is more interesting and exciting in recent times has...

Politics »
Independence referendums since 1957
"Should Scotland be an independent country?" 4.3 million Scots answered this question yesterday...

Over 300,000 students making their way to Germany
Quarter of a million students descend on Germany
Most of the incoming 300,000 students prefer not to leave the country once they have finished their...

Statista chart shows the results of the poll conducted by Pew Research Center
Ukrainian majority want a single state
According to a survey conducted by the Pew Research Center and published by Statista, the Statistics...

Finally, a minimum wage for Germany
Germany's first minimum wage - 8.50 Eur
Germany's first ever legislation for a minimum wage has been set by Chancellor Angela Merkel at 8.50...

Business »

German business confidence slips, yet again
Drop in German business confidence
German business confidence has dipped again to its lowest level in almost two years, according to...

Electric car sales show strong growth
Germany in the top three for electric vehicle sales in 2013
There are 52,729 electric vehicles on the roads of Europe. The top five nations on electric vehicle...

Eurozone exits recession following an unprecedented 18 months of economic contraction
Eurozone emerges from recession
The eurozone has finally emerged from recession following an unprecedented 18 months of economic...

BMW and Toyota to develop a fuel cell vehicle
BMW and Toyota to develop a fuel cell vehicle
MUNICH (awp international) - BMW and Toyota will jointly develop a fuel cell-powered vehicle by...

Science »

Alzeihmer patient
And now...Alzheimer's in a dish
Alzheimer's is a common form of dementia that is irreversible and slowly but progressively destroys...

King of Gamblers, 1937 movie directed by Robert Florey, main character played by Akim Tamiroff
The gray matter of Risk
Do you feel the adrenaline rush kick in when you are sitting at the roulette table in a casino at...

Brain can be trained to actually prefer healthy foods
Making the brain say, "I love Kale!"
Tempted to order dessert after dinner even though you know you shouldn't? Well, you are certainly...

Sun exposing is better for our health
Here comes the sun, little darling!
Ever heard of the "sick building syndrome"? Yes, you heard it right! What happens in this syndrome...

Opinions »

Why is German harder to learn than French?
German should be easier than French, but is it?
"French is prettier than German" Or "It's the language of love". "It's melodic, less harsh". "French...

Forests are the future and must be treated with the respect they deserve.
Wise and focused leaders cannot give away forests!
I saw a young boy driving a huge horse along a narrow path directing it whenever it tried to turn...

Germany is right, Europe needs austerity
Don't Blame Germany
After attending an academic conference in 2011, I and my friend were on vacation in Miami, Florida....

Organ donation: to opt-in or opt-out - that is the question
Organ donation: to opt-in or opt-out
Timothy Potenz asks you whether you think Germans should have to register to become organ donors, or...

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