Word: bahn
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CHRISTOPH FRANZ High Flyer Swiss International Air Lines, successor to the defunct Swissair, has been flying low since it took off in 2002. The unprofitable carrier is seeking to get lift from its new CEO, Franz, 44, who most recently worked at the German railway Deutsche Bahn. But it was Franz's track record at Lufthansa that put him in the Swiss pilot's seat. In the early 1990s, Franz helped then CEO Jurgen Weber free the German carrier from high labor costs and years of losses. Lufthansa tried and failed to grab Swiss late last year...
...sense that the tide has turned is palpable not just in the cities but in the countryside as well, where farmers were particularly hard hit by the '97 crisis. Indeed, Thaksin's greatest success so far may be reviving the debt-laden rural economies. In the farming town of Bahn Rong Kong Khao, near the city of Chiang Mai in the country's north, the government's $2.3 billion Village Fund program, a microlending scheme, is a mini miracle, say residents. Narong Fongkraew, 50, who grows rice and chilies on his small farm, credits the Village Fund with saving...
...government, villages like Bahn Rong Kong Khao are proof that its policies of driving growth from the grass roots are working. "By giving [the poor] access to capital, we have given them the chance to show that they are capable of imagination and expansion," says Chakramon Phasukvanich, secretary-general of the National Economic and Social Development Board, a governmental planning agency. Finance Minister Suchart Jaovisidha says concerns that loans to farmers would load the sector with even more debt have proved unwarranted: "It's been very successful. About 97% of loans have been paid back. It's much better than...
...incredible set of modern high-rises (including Sony and Deutsche Bank). Its detachment from the other urban centers that comprise Berlin makes it mostly a fodder for tourists and home to besuited businessmen. Eventually, however, the connections will be made, the synthetic feeling will wear off and the Deutsche Bahn will bring people streaming directly into this new life-force of the city...
...companies are losing money and customers, Raith's sales have almost tripled in the past two years, to €24 million. Rail4Chem was founded by the chemical giant BASF in 1999 after it bought a polyurethane and fertilizer plant in eastern Germany, only to find that state-owned Deutsche Bahn (DB) wasn't able to cater to its just-on-time production schedule. At the time Germany, acting ahead of many of its neighbors, had begun allowing private freight operators to move their goods within the nation on state-owned track, so BASF set up Rail4Chem. The railroad unit...