Published: 7 May 12 12:21 CET | Print version
Online: http://www.thelocal.de/opinion/20120507-42391.html
Francois Hollande was elected French president on Sunday, denying Nicholas Sarkozy a second term and rattling the relationship between France and Germany. As The Local’s media roundup discovers, many predict a bumpy start to the new constellation.
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Eurovision Song Contest favourite Denmark won the competition on Saturday night, while Germany plunged to 21st place – the worst showing in five years – amidst speculation that it was payback for Angela Merkel’s hated policies. READ () »
The Federal Criminal Police Office is warning of a new type of Islamist terrorist threat from the air that could attack both passenger and cargo planes as well as airport facilities, the Welt am Sonntag newspaper reported. READ () »
European Union proposals to eliminate one and two cent euro coins is annoying some Germans, including a few at the Bundesbank, while others think an EU idea to introduce one and two-euro notes is a good one. READ () »
A 15-year-old boy died on Saturday at the popular “Tropical Islands” swimming and entertainment centre outside of Berlin, the Bild newspaper reported. READ () »
As the musical world lavishly celebrates Richard Wagner's bicentenary, the composer's great-grandson insists he is no spoilsport by denouncing the German master as a narcissist, woman-hater and an anti-Semite. READ () »
If Saturday’s play was any barometer of what may happen at the Champions League final this coming Saturday, then Borussia Dortmund should be very nervous indeed. READ () »
Although less than 50 percent of Germans are optimistic about their current situation, more than half think their future will be better and the number of pessimists in the country dropped, a survey released on Saturday showed. READ () »
Organic food and health stores are undergoing a hefty expansion in Germany, with the Vitalia chain taking over several locations from the bankrupt Schlecker drugstore chain in Munich alone. READ () »
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Your comments about this article:
Which Socialist government was that then?
The only socialist government I know of was elected after ww2 and introduced the N.H.S. and many other truly social programs ,they worked so hard that many of the cabinet died from over work .
Since then G.B. has gone backwards and the way it is now is the result .
Well done France ,80% of people voting in G.B. you are lucky to get 30% because all parties are the same much like Germany too I'm afraid.
Clement Attlee is the finest Prime Minister the UK has ever had!
The mantra today is "tax the rich and give it to me!" The rich, my fellow Welt citizens, are mostly people who have started off low on the totem pole and reached the middle and upper classes of prosperity through hard work, frugal expeditures, and sweat equity. Have you ever been employed by a poor person? Has one of your neighbors who is barely squeeking by ever given you a job? No, you have been employed by "the rich" who are usually small business owners that have built up their businesses by self-sacrifice and employing astute business management practices. Was Bill Gates was born a billionaire? He invented a product, capitalized on it, marketed it to the world, and became very wealthy in the process. His empire started off in a garage of all places, not a fancy high-rise office building. Michael Dell, his competitor, started selling computers from his college dorm room. I'm no fan of Hollywood but look at how far Britney Spears has gone with a little bit of talent. She was certainly not "rich" before joining the Mickey Mouse Club.
Not all of us can be "rich" but we can sure work hard trying to get there and even have some fun along the way. I grew up in a welfare family living hand to mouth. Last year my tax bill was $30,000. I didn't get where I am today waiting for the government to give it to me. I have always gladly paid my taxes, on time and in full, because I still believe in the dream that economic properity can be achieved through higher education and hard work. Tax credits didn't exist when I was young and poor, and - gasp! - I still managed to go to college and get a job; in other words, I survived, because I didn't want or expect the government to support me.
If the EU keeps a steady pace of moving towards the left, it will either implode in 5-10 years and/or we will all be defending ourselves from a Hitler-like leader who promises to save the masses from themselves and their ill-chosen governments. Look how far THAT got us.
As for the "rich being mostly people who started low" that is utter nonsense. The few you quote maybe but the vast majority of wealth is keeped in and passed on within a few priviliged families.
As for ¦quot;the vast majority of wealth is keeped in and passed on within a few priviliged families,¦quot; maybe in the UK or Europe but not in the United States. Here, anyone can become a member of the 1% by either talent, invention, hard work, or a combination of all three. No one born at the bottom of the totem pole need stay there forever. Moving up in our society is not dictated by ancestral lineage.
Look at Colin Powell¦#39;s ancestral background, he may have benefited from affirmative action but the U.S. Army didn¦#39;t promote him through the ranks for doing nothing all day. Bill Clinton grew up in an Arkansas shack, he knew the value of education and look what that got him. Michelle Obama is descended from slaves. Barak Obama's ancestors were herdsmen from African villages. Johann Jakob Astor immigrated from Walldorf, Germany with the clothes on his back and in his lifetime became the richest man in America; his father was a butcher,and his ancestors were refugees from France. Oprah Winfrey was born to an unwed teenage mother.
There are millions of millionaires in the United States like these examples, unknown to most of us, quietly living their lives and fulfilling their dreams. Most of them were born here in lowly circumstances 50-75 years ago, and they achieved their wealth through hard work. They didn¦#39;t get ahead by government handouts. Our educational system is set up so that anyone can attend a community college after high school, move on to a university, graduate with a reasonable debt, pay that off in a few years, and then they¦#39;re free to move as high as they are able. You don¦#39;t need to attend Harvard, Yale, or Stanford to achieve success here. What¦#39;s wrong with today¦#39;s youth in general is that they don¦#39;t want to mop the sweat from their eyebrows or make sacrifices to get ahead, they want it handed to them on a silver platter, they want instant gratification. What they don¦#39;t understand is that governments have the capability to print money without gold as a backup, but this endless printing of money will eventually bring high inflation and high interest rates which will impede economic growth, and then they wonder what went wrong with their Great Society.
@Reader75...it's not 'tax the rich and give to me'; it's apply taxes fairly. If the rich create so many jobs, why is unemployment so high? Look like they've peaked out long ago.
The euro cannot survive in its current form...and most European leaders show that they don't 'get' the will of the People any more -
http://hat4uk.wordpress.com/2012/05/08/quick-i-think-im-getting-an-election/
More recently, State-funded investments in the internet, by the US National Science Foundation (NSF) grant funded the discovery by Google of its own algorithm. Would there be any iPad without the state-funded innovations in computer development ,communication technologies, GPS and touch-screen display? Where would GSK and Pfizer be without the $600bn the US National Institutes of Health put into research that has led to 75% of the most innovative new drugs in the last decade?The gigantic US aircraft and military sector receives billions of public money in overpriced contracts every year while housing, education and health are starved of funding. These three sectors alone create twice as many jobs per dollar invested than the wasteful military blood-sucking vampire.
What the state did was to take on the greatest risk, before the private sector dared to enter, acting as an ¦quot;entrepreneurial¦quot; state. In biotech, venture capital entered 15 years after the state invested in the biotech knowledge base. In nanotech, scientists in the NSF coined the term before anyone in private business understood its potential returns.
Slander of the whole idea of state investment, characteristic of the right-wing whore-press in every country, and denial of the brazen delinquency of the globalised financial sector which is the real culprit behind the massive debt crisis we are currently mired in, is the political line of the day now by the political and corporate elite across Europe.
De-regulated casino banks and finance speculation funders, set up in a privileged position, were allowed to create massive amounts of debt not based on production values of any kind and help themselves to billions of dollars of bonuses and returns which they turned into cash for themselves and their cronies. These corporate thieves now have turned over their fake debt iou¦#39;s for the ordinary public to pay for with wage cuts and destruction of public services and a further agenda to monopolise the entire public sphere for even more profit for themselves.
We, the public, should no longer tolerate the dictatorship of this ruinous elite. Our money and our labour should not be used to ¦quot;fix¦quot; a thoroughly rotten system but instead should contribute to its long overdue demise and abolition. That is what is beginning to happen now across Europe. Merkel & Co can blind themselves into thinking they are still in charge but, more likely, they are occupants of their own Palace of Delusion as their counterparts in Versaille were in 1793.
The ceiling for payment of social security taxes in the United States is $106,800. This means that workers earning an income at or below $106,800 must pay 6.2 percent of their income towards social security taxes. This tax is really regressive because it is more difficult for a lower income person to pay this tax than it is for a higher income person. In addition, for years we¦#39;ve been hearing about how the social security trust fund is underfunded, there are not enough workers paying into it for it to be solvent, and the fund will run out of money sometime in the future. A viable solution would be for all workers to pay 6.2 percent of their entire income into social security, especially grossly overpaid sports stars and Hollywood types, they can certainly afford it, after all 6.2 percent on the current ceiling is about $6,621 per year and that¦#39;s pocket change to them.
One of the reasons why unemployment is so high in the United States right now is because the rich people, i.e., actually the middle class small business owners, have been over-regulated to death by the current administration so that in some cases it is actually easier to close the business and find a job with another employer rather than be self-employed and decipher the myraid of bureaucratic red tape. We had a stock market crash in 2008 and we have been limping along ever since. Our current president has been crying that he inherited a bad situation, and he did, but he applied for the job, he knew what he was getting himself into, he should stop blaming everyone for his failure to implement a sound economic strategy, and he should solicit the advice of saavy economic advisors who actually know what they are doing. It is his way or the highway, and the people are suffering due to his stubbornness and inexperience, and the thought of taking advice from knowledgeable people is alien to him. And please don¦#39;t tell me that the last administration only created X number of jobs because the average unemployment rate back then was about 4 percent, and this 4 percent was made up of people who were transitioning between jobs, or were employable but stopped working and did not seek follow-on employment, or were employable but did not look for a job, or were incapacitated so they could not work. 4 percent unemployment is any administration¦#39;s dream come true.
My opinion is that everyone, no matter how poor, should pay some taxes. I grew up paying taxes on my income, there was no such thing as earned income tax credits when I entered the job market in 1978. Everyone should pay some taxes because that gives people a vested interest in how our government spends our money. Right now the poor people want to keep this gravy train running because they're not paying for it.