At Rosenthaler Platz, Berlin.
Updated: What makes a city competitive for startups? VCs, angels and cheap desk space, to be sure, but also nuts-and-bolts stuff like transport and taxation.
As Om noted in December, Berlin's airports are quite small, but the city had a plan. The two currently operational airports -- Tegel and Schoenefeld -- were supposed to be replaced in June by a new mega-airport, Berlin Brandenburg.
Berlin and the European Central Bank (ECB) are deeply divided over the best way to handle the Greek crisis. The dispute reached a new high last week: Should they pursue a soft debt restructuring or give billions of euros in loans for years to come? Influential Germans fear the threat of austerity measures could be greater than a «haircut» of Greek debt.
Source: Barron’s How to Fix Greece. HT: The Big Picture.
The Wall Street Journal informs us that free-market-capitalism saved the miners in Chile. How? The drilling process and the detailed information on their situation was provided by innovative components from Germany, South Korea and Japan – to mention some of the nations involved.
“It needs to be said. The rescue of the Chilean miners is a smashing victory for free-market capitalism. If those miners had been trapped a half-mile down like this 25 years ago anywhere on earth, they would be dead. What happened over the past 25 years that meant the difference between life and death for those men? Short answer: the Center Rock drill bit, from a private company in Berlin, Pa. that has 74 employees.
Most of the time, no one notices how capitalism works. All it does is create jobs, wealth and well-being. But without this system running in the background, without the year-over-year progress embedded in these capitalist innovations, those trapped miners would be dead.”
Full article here.