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PERSONAL SUCCESS: A thought-provoking story

Culture By 30 septiembre, 2015 No Comments

A story of Personal Success by Ralf Titze

A story of a man. No, it is the story of a man and a woman. Maybe it is also the story of a family. No, it is not maybe the story of a family, but it is. Certainly, however, it is the story of a man and his youth in a city. In brick houses, built from the ruins of an old city that no longer exists. It is the story of people who were happy to live in these houses to protect themselves and to avert their own past.

WIEN: Eating out late

Culture, Living By 30 septiembre, 2015 No Comments

The range of options available in Vienna for being able to eat well after midnight is as diverse as the wishes of the night owls: coffee house, trendy establishment, exotic restaurant or the typical sausage stand. Here 8 top place for late eaters like the Spaniards.

FILM EUROPA: Prix Europa

Culture By 30 septiembre, 2015 No Comments

664 productions from 36 countries were submitted this year to compete for the title Best European Television-, Radio- or Online production. 212 of them were now nominated to take part in the PRIX EUROPA competition. The festival will take place from 17 until 23 October in Berlin. With up to a thousand participants it has become Europe’s most important tri-media platform.

MADRID: Geführt von Christine Giesen

Culture, Living By 29 septiembre, 2015 No Comments

von Christine Giesen

Die Stadt Madrid ist so etwas wie die schöne Unbekannte unter den Hauptstädten Europas. Wer den Namen Paris hört, assoziiert ihn mit dem Eiffelturm oder Notre-Dame. Bei London denken wir an Westminster oder die Tower Bridge, zu Rom kommen uns spontan das Kolosseum oder der Petersdom in den Sinn, selbst wenn wir all diese Metropolen nie besucht haben.

BEING QUEEN: are the monarchy and wealth related?

Culture, Jobs By 4 septiembre, 2015 No Comments

Queen Elizabeth II is the longest serving monarch in British history. She acceded to the throne on February 6th 1952, meaning that Queen Victoria’s record of 23,226 days, 16 hours and 23 minutes has already been broken. This milestone has already begun to reignite debates about the Monarchy’s future and whether it is an asset or a drain on the British economy. Brand Finance found out that the Monarchy’s value is at that point to be in excess of £44 billion (US$67bn). Brand Finance’s latest update to that figure suggests that as the Queen becomes Britain’s longest reigning sovereign, the institution that she leads is more valuable than ever. It is now worth just under £57 billion (US$87bn) and will make a net contribution to the economy this year of £1.155bn (US$1.767bn). But how are are monarchy and wealth related, really?

Monarchy as a Firm

Brand Finance has estimated the value of the Monarchy, often known colloquially as ‘The Firm’, as if it were a business. First, the annual contribution to the UK economy has been estimated. Costs such as the Sovereign Grant, security and maintenance of palaces have been netted off against sources of income including the uplift to tourism, the price premium commanded by brands with Royal Warrants, the surplus generated by the Crown Estate. This net annual contribution amounts to £1.155 (US$1.767bn) in 2015.When this contribution is projected into perpetuity, it has a net present value of £36.7 billion (US$56bn).  To this are added The Firm’s tangible assets (the Crown Estate, the Duchies of Cornwall and Lancaster and the Crown Jewels) to reach a total of £56.7 billion (US$86.7bn): “A Royal Warrant can confer a significant premium to brands in certain industries such as luxury, food, sporting goods and fashion, yet are currently awarded at no cost to the holder. The introduction of royalties could provide a significant new revenue stream.

Austerity for everyone, as well the kings and queens

The unofficial endorsement of Charlotte, George and Kate in particular has a profound financial effect running into millions annually. The demand for authentic connection to or emulation of key members of the royal family is by no means fulfilled. This too presents a major opportunity. Though the ‘monetization’ of the Monarchy may sound beyond the pale to some, in straightened times of continuing austerity in Britain, the Royal Family may come under increasing pressure to pay its way in more ways than it does now.