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Vienna
Friday, July 20, 2018
luxury
Two Viennese entrepreneurs with very different paths to success embody the city’s attitude towards luxuryIf someone pointed a gun at my head and ordered me to name five luxury brands from Vienna, I’d be in quite a jam. Yet since moving to Vienna from America in 2001, I have found myself working with two of them. Soon after my arrival...
robot worker
We all fear that our jobs will eventually be automated. But cheer up! Where one job dies, another rises from the ashesImagine a world where writers have vanished. Editorial departments, the places where the magic of newspaper and magazine writing used to happen, are run by computers relying on the eternal knowledge of the web. With access to big...
Masters of Dirt
So what's wrong with dirty money? Founder Georg Fechter has perfected the art of banking on fuel, fire and adrenaline.Motors roar, flames blaze, music blasts, whipping up the crowd – and then they come: Shooting out of their stalls like a swarm of wasps, they jump over one another, taking the “Ooos” and “Ahhs” of the audience as encouragement...
Community Supported Agriculture
As industrial farming comes under attack, Community Supported Agriculture (CSA) hopes to change the gameRevolution is the new black. Every pillar of our existence is under attack, from democracy to what we eat. For Ronald Jacobs and his wife Shelly, founders of Kurt Pure Frozen Yogurt, it’s become a call to action. With five like-minded families, he has taken...
How young, savvy art producers bring new talent directly to the public by exploiting new spaces, technology and social media, thereby sidestepping the art world’s gatekeepersSuddenly, a phalanx of silent, stony-faced soldiers in helmets and heavy boots, appears through an archway of the old Imperial Stables, a disturbing sight in the midst of a peaceful European city square. Lined...
Zotter Chocolate
The Austrian chocolate maker Zotter puts social responsibility before maximum return and demonstrates that short-term profits and sustainable long-term growth are not mutually exclusiveAnyone who has visited its chocolate factory in Bergl, east of Graz, can attest to Zotter’s eccentricity, social philosophy and humor. There’s the introductory film at the “Choco-Shop Theater,” tastings of raw-cocoa and chocolate confections, the...
black-market crime
How does Austria deal with Europe’s estimated €1 trillion shadow economy of black-market crime, petty tax evasion and corporate profit shifting?In Vienna, a tax fraud sting begins with an innocuous questionnaire, printed in German, English and several Slavic languages. In this polyglot city, bordering the former communist east, finance investigators approach waiters at lunchtime, construction workers in the afternoon, or bordello...
Robotics for Children
Viennese startup Robo Technologies turns children, or anyone, into robotics engineersImagine your child playing with blocks, snapping them together like Legos into different shapes and configurations. Then she grabs an iPad, and after a few simple swipes, bam! Her creation begins moving on its own. She has just programmed a robot.All she needs is Robo Wunderkind – a product...
pharmaceutical industry
Pharma's Market: The pharmaceutical industry has played an important role in Austria’s economic growth. But the challenge remains to find a balance between regulation and competitive pricing.Sluggish economic growth in Europe has governments on edge. In Austria, after four years below 1% and a modest rebound of 1.6% in 2016, one of the best prospects for continued recovery is...
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