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Bankrupt Berlin Amusement Park

8 Apr

Kulturpark Plänterwald was a popular entertainment park in socialist East Germany. The funfair opened in 1969, next to the river Spree, and covered an area of 29.5 hectares. After the reunification of Germany, contracts changed and Norbert Witte, under Spreepark GmbH, operated the park. During his leadership, the park was gradually altered to a more western oriented recreational park, and to finance this face-lift he accumulated large debts. Thus, they had to raise the entrance fee, but at the same time the number of parking lots dropped, and visitors were, hence, increasingly reluctant to visit the facilities. The number of visitors dropped sharply, from 1.5 million to 400 000 per annum in 2001.

In january 2002, Witte and his family announced that they intended to move to Peru to run another entertainment site. Both parks failed. The Spreepark GmbH was declared completely insolvent in August 2002 and as a consequence had to close down. Witte was in Berlin, May 2004,  sentenced to 7 years in jail for trying to smuggle 167 kilograms of cocaine, with a market value of 14 million USD, in the 12 meter steel masts of a flying carpet carousel. The customs cover was that the carpet ride needed repair in Germany and was therefore shipped from Peru. After four years, mostly in low-security, open facility prison, Norbert Witte was released. His less fortunate son, Marcel, got 20 years in Peruvian prison for the drug smuggling.

[via Flickr, Wikipedia, Spiegel]

The Real Legacy of Margaret Thatcher, Britain’s Iron Lady

14 Jan

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Like the U.S President Ronald Reagan, her conservative counterpart, Margaret Thatcher came to power at a time when real leadership and new ideas were desperately needed.

What Candidate Is Backed Most By Super PAC Money? [Infographic]

9 Jan

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Click to enlarge

Infographic by i watch.

British Parliament Is Awesome

21 Jul

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Click to transfer

Source: The Daily Show.

Interview With Rep. Jeff Flake

13 Jul

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«Rep. Jeff Flake (R-Arizona) has represented the Diamondback State’s sixth congressional district since 2001, cutting a pro-immigration, pro-trade, limited-government, anti-spending path that contrasts sharply with the mainstream of the Republican Party. »

Legacy Of The Iron Lady

7 Jul

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International teaser trailer for The Iron Lady, portraying UK’s legendary conservative Prime Minister, Margaret Thatcher (Meryl Streep). The movie is scheduled for release late 2011.

U.S History Of Socialism

7 Jun

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Where Did My Tax Dollars Go?

18 Apr

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Google launched a competition, the Data Viz Challenge, to find out how the government spends taxpayer’s money. The host asked developers to visualize how federal income tax dollars are spent, and received more than 40 entries that – as Google described – «each take a unique approach to making this data more accessible to taxpayers». Here is an excerpt from the announcement:

«In the end, our jury selected Anil Kandangath’s “Where Did My Tax Dollars Go?” as our Grand Prize winner. As the jury noted, his entry is information-rich but elegantly designed, and at no point while interacting with the visualization do you lose the “big picture.” Anil’s entry is a great example of how data visualization can take boring, complicated, but critically important information and make it accessible to everyone. Congratulations, Anil.»

Full story from the official Google Blog.

Click for a larger view

Covel: Attacking Poker Is Ridiculous

16 Apr

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Related to the U.S. Government Moves To Shut Down World’s Biggest Online Poker Companies.

Watch the video on YouTube here or by clicking on the image:

«An excerpt from the film Broke: The New American Dream outlining the issues with poker, trading and regulation. Featuring Full Tilt Poker’s Howard Lederer and Chris Ferguson.»

US Tax Rates, 1916-2010

15 Apr

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Transfer to creator Visualizing Economics for the details on this chart covering: US top Marginal Tax Rates, from 1916-2010, Personal Income, Corporate, and Capital Gains tax rates.

HT: The Big Picture.

Say Again?

7 Apr

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Free-market enthusiasts when it comes to the economy, but when discussing individual and family related rights: regulate? Makes no sense.

«We asked voters on this poll whether they think interracial marriage should be legal or illegal- 46% of Mississippi Republicans said it should be illegal to just 40% who think it should be legal.»

Post here.

Public Opinion On Capitalism

7 Apr

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The Economist asked: Which countries are most in favour of the free market?

«Of the 25 countries polled, support for the free market is now greatest in Germany, just ahead of Brazil and communist China, both of which have seen strong growth in recent years.»

Read the full story here.

Weiner At Congressional Correspondents’ Dinner

31 Mar

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How to deliver a killer speech!

Taxing U.S Wealth

26 Mar

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Infograph derived from this essay in today’s  WSJ.

Words Of Wisdom

25 Mar

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«Economists are often asked to predict what the economy is going to do. But economic predictions require predicting what politicians are going to do – and nothing is more unpredictable.»

«The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.»

Thomas Sowell

Hat Tip: Carpe Diem.

Government Business

24 Mar

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Michael Moore has been busy on the social media scene the last couple of days:

«In 2009 European governments,  including Britain and France, sold Libya more than 470 million usd worth of weapons; fighter jets, guns and bombs. The Obama administration was working to provide Gaddafi another 77 million usd in weapons.»

Via Orangutan.

Various Virals

24 Mar

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America Has The Most Progressive Tax System: No Country Leans on Upper-Income Households as Much as U.S.

The UK Chancellor makes a surprise raid on the oil companies, as he pushes «pro-growth» budget .

E-Books: Under current royalty configurations, the real losers aren’t the publishers; it’s the authors.

Despite Recent «He-Covery»It’s Still a Mancession.

This iPhone Fell 1,000 Feet From An Airplane -And Still Works.

An Ode to the Brain, by Symphony of Science.

Dancing Ninja Assassin Prank #lol!

Experimental animation turns bike wheel into cyclotrope.

Here we go again: Lesbians that look like Conan O’Brien.

Quote Of The Day

24 Mar

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«Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.» 

John Steinbeck

Krugman’s Greenspan Rant

23 Mar

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Dr. Alan Greenspan, former Chairman of the Boa...

«He’s no longer the Man Who Knows; he’s the man who presided over an economy careening to the worst economic crisis since the Great Depression — and who saw no evil, heard no evil, refused to do anything about subprime, insisted that derivatives made the financial system more stable, denied not only that there was a national housing bubble but that such a bubble was even possible.»

More via The Concience Of A Liberal.

Life On Mars

23 Mar

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Capitalism may have ended life on Mars, according to President Hugo Chavez.

- And for so many years I thought the phenomenon was a product of capitalism (Hollywood and the tourism industry in New Mexico etc). Refreshing pointer.

Steve Forbes: Reagan’s Legacy

22 Mar

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Ronald Reagan and Nancy Reagan aboard an Ameri...

Ronald and Nancy Reagan in California, 1964. Image via Wikipedia

«Critics howled that Reagan was being financially irresponsible, but the president pressed on. Once his cuts were fully phased-in and the hard fight against inflation was won, the economy took off like a rocket. Reagan’s achievements set up a great, long boom in the U.S. and the world that didn’t end until the economic crash in 2007. (Yes, there were periods of slower growth rates before that year, but none can be compared to the crash of 2007.)»

Controversial claim from Mr. Forbes in this WSJ-article.

The World’s Biggest Defence Budgets

9 Mar

Story from the Economist here.

 

American Welfare Visualized

9 Mar

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Click x2 for a closer view

 

HT: streem84 & Kids Prefer Cheese

The 2012 GOP Candidates

8 Mar

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Unrest In The Middle East And Africa

8 Mar

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Informative summary from CNN here.

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