Word: easting
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...Read "Eurovision: The Answer for Peace in the Middle East...
...objective industry experts voting, Belarus, Latvia, Lithuania and Russia all awarded Norway the maximum 12 points, thereby snubbing one another. But since Eurovision has no plans to reveal which national juries voted for which countries, its actual effect is difficult to determine. In any event, it's likely the East would have voted for Rybak anyway; he was born in Minsk and speaks fluent Russian, and in recent weeks he has become a media darling in the Russian-speaking world...
...local economy. Governments from the U.S. to China - anyone who believes that opening the fiscal spigot can stave off disaster, and especially those who think that public spending can polish up rustbelt cities like Detroit or Harbin - would be advised to take some east German lessons. (See pictures of Detroit's decline...
...wellbeing was sabotaged at the very beginning of the reunification process by the political decision to exchange its currency for West German marks at the rate of one-to-one. Haimann, of the Halle Chamber of Commerce, thinks that was a crucial error. The true value of the old East German mark was just one-fourth or one-fifth of the West German currency, so when it was swapped in 1990 at parity, the competitiveness of the local economy took a nosedive - compounded by a quick doubling of wages in the east following reunification later that same year. "There...
...perhaps the most pertinent, is that spending so much money in such a short time is bound to be wasteful. "Every village wanted to have the same dog kennel," jokes Klaus F. Zimmermann, president of the Berlin-based German Institute for Economic Research (known by its German acronym, DIW). East Germany today has a number of promising industries and state-of-the-art roads and railways, but it also has superfluous airports, oversized water-treatment plants and a collection of heavily subsidized industrial white elephants, all built at the taxpayers' expense. "Floodlit sheep meadows," grumbles Reiner Holznagel, managing director...