Category Archives: Economics

A polite coffee

At a café in Sibiu, Romania: One coffee – 6 lei One coffee please – 3 lei Good morning, one coffee please – 2 lei Polite, as I always am, I get a really good deal here. 2 lei are 50 US-cents.

Posted in Economics, Food, Romania, Travel | Tagged | 4 Comments

Twitter share price below IPO price

Less than two years ago, when Twitter went public, I was the lone voice warning you against buying their shares. Then the share price initially went up like a rocket and I didn’t get a show on CNBC. Now however, the … Continue reading

Posted in Economics, Technology, USA | Tagged , | Leave a comment

Easily Confused (51) Economic Systems

Communist centrally planned economy: Capitalist free market economy: The main difference seems to be that nowadays, young people do the queuing themselves instead of sending their mothers. That’s progress. (Auf Deutsch.)

Posted in Cold War, Economics, Technology | Tagged | 13 Comments

Easily Confused (48) Bank Holiday

Bank holiday in Britain: Bank holiday in Greece:

Posted in Economics, Greece, UK | 1 Comment

Did you notice the Irony? (20) EXPO Milan

Ever since the Watergate scandal, the suffix -gate is used to denote scandals, cases of corruption and other complex illegal activities. At this year’s EXPO in Milan, Italy, the planners or architects have already provided for the likelihood of corruption, … Continue reading

Posted in Economics, Italy, Politics | Tagged , | 1 Comment

How to become a Millionaire

I don’t know why so many people are obsessed with becoming millionaires – or of those who already are, with becoming billionaires. I don’t get the point of collecting more wealth than you can spend. But oddly enough, without striving … Continue reading

Posted in Economics, Travel | Tagged , , , | 26 Comments

The effects of FATCA?

For more than 10 years, I have been helping clients to obtain German citizenship. Those who have German parents, grand-parents or further removed ancestors either are German already (often without knowing it) or eligible for naturalization under less strict conditions than other applicants. … Continue reading

Posted in Economics, German Law, Immigration Law, Law, Politics, USA | Tagged , , | 21 Comments

Why I don’t play the Lottery

Because it’s a Soviet scam, a Communist charade: In the novel Twelve Chairs, Ilja Ilf and Evgeny Petrov describe how the Soviet Union organized steamship tours, accompanied by orchestras and dance groups, whose goal it was to get people to sign … Continue reading

Posted in History, Travel, Economics, Photography, Books, Lithuania | Tagged , , , | 4 Comments

Child Poverty in Romania

The good news: In a statistic on child poverty, Romania is just one spot behind the USA, one of the richest countries in the world. That’s a remarkable achievement for a country which had to rebuild its economy from scratch after the … Continue reading

Posted in Economics, Romania, USA | Tagged , , | 4 Comments

Did you notice the Irony? (19) Davos 2015

Climate change is the no. 1 issue on the agenda of the World Economic Forum 2015 in Davos, Switzerland. The discussions about our planet will be led by people who are coming to Switzerland from all around the world. 1,700 private … Continue reading

Posted in Economics, Politics | Tagged , , | 3 Comments