We asked Humanitarian and global networker Killian Kleinschmidt how the waves of asylum seekers coming to Austria will affect society and the economy in the long run.Kleinschmidt was the director of the Zataari refugee camp, the 2nd largest in the world. Later he worked at the camp in Traiskirchen in Lower Austria.
Dear Readers,
People reaching Austria and seeking refuge...
For years, the bar at the Hotel Imperial was one of the spots for a late night drink – with an inconspicuous entrance off the Ringstraße, lush and intimate, with thick carpets, red satin, braided rope and Baroque, all the subdued, comfortable elegance of a club library.There were shared spaces and quiet corners, a round mahogany bar where you...
Austrians are notoriously risk-averse and have been big fans of savings accounts, but how do they invest?All over the world, investors, bankers and financial experts are shrugging their shoulders. No one seems to know what the markets are up to, let alone where they are headed. Is this the calm before the storm? When will the ECB raise interest...
The garage rockers re-form and hit the road again, with a new album outWith a musical style reminiscent of The Clash with a bit of The Smiths mixed in, The Libertines rode the fuzzy wave of post-punk revival to become household names, thanks in part to puckish co-frontman Pete Doherty’s rock n’ roll lifestyle. His antics increasingly took a...
Few people know that the United States is the only country (besides Eritrea) that taxes its citizens who live and earn money abroad. American expats have been required to file taxes for decades. However, since 2010 the Internal Revenue Service (IRS) has pulled foreign banks on board to enforce this. In 112 countries worldwide, banks have agreed to report...
One of Britain’s most acclaimed stand-up comedians brings Funny Business to ViennaAfter their runaway success in bringing live, English-language comedy to the Gartenbau with the likes of Dylan Moran, Bill Bailey, Russel Brand and Eddie Izzard, Stand Up, Vienna! now brings another star entertainer to town: With a persona that combines a characteristic laugh, posh accent, impeccable suits and...
On 300 dense pages the Scottish political economist Mark Blyth delivers a ringing battle cry to change course – or else.With the economy back on a growth trajectory and unemployment beginning to fall across the euro zone, politicians and economists rejoice that their harsh austerity measures have worked. Political economist Mark Blyth begs to differ. In his book Austerity –...
The Neusiedlersee region has proven fertile ground for the Schwarz family’s organic winemakingPerception often begins with images: Pristine Alpine meadows and the scent of Edelweiss are enough to conjure up an all-natural picture of farming in Austria. So it is with Austrian wine, whose producers have long prided themselves in balancing the realities of economics with the preservation of...
The Austrian school of economic thought shapes financial policy the world over – but remains unpopular in its land of originIn dealing with the euro crisis, the European Union is following the playbook of Austrian economists. As is the International Monetary Fund (IMF) in Washington, when designing harsh structural adjustment programs. So too are the angry Tea Party revolutionaries...
