Ein Kommentar zu einer Finanzkrise

31 10 2008

I received this from my aunt (Thank You!) – had to post it! Make sure you read it to the very end!!

UPDATE: It’s a fake. (Click here!)

Wenn die Börsenkurse fallen,
regt sich Kummer fast bei allen,
aber manche blühen auf:
Ihr Rezept heißt Leerverkauf.

Keck verhökern diese Knaben
Dinge, die sie gar nicht haben,
treten selbst den Absturz los,
den sie brauchen – echt famos!

Leichter noch bei solchen Taten
tun sie sich mit Derivaten:
Wenn Papier den Wert frisiert,
wird die Wirkung potenziert.

Wenn in Folge Banken krachen,
haben Sparer nichts zu lachen,
und die Hypothek aufs Haus
heißt, Bewohner müssen raus.

Trifft’s hingegen große Banken,
kommt die ganze Welt ins Wanken –
auch die Spekulantenbrut
zittert jetzt um Hab und Gut!

Soll man das System gefährden?
Da muss eingeschritten werden:
Der Gewinn, der bleibt privat,
die Verluste kauft der Staat.

Dazu braucht der Staat Kredite,
und das bringt erneut Profite,
hat man doch in jenem Land
die Regierung in der Hand.

Für die Zechen dieser Frechen
hat der Kleine Mann zu blechen
und – das ist das Feine ja –
nicht nur in Amerika!

Und wenn Kurse wieder steigen,
fängt von vorne an der Reigen –
ist halt Umverteilung pur,
stets in eine Richtung nur.

Aber sollten sich die Massen
das mal nimmer bieten lassen,
ist der Ausweg längst bedacht:
Dann wird bisschen Krieg gemacht.

Kurt Tucholsky, 1930, veröffentlicht in „Die Weltbühne“

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“Climbing” Monte Adone

27 10 2008

A short post on a long hike…

Oana from Romania and András from Hungary helped me celebrate the Austrian National Holiday in the traditional way of “Fit mach mit” by hiking with me up Monte Adone, to be seen in the background.

The Monte Adone expedition team

The Monte Adone expedition team

See the full photo album on Picasa!

Enough for now, need to get sleep to meet with Roberto Nicastro tomorrow… might probably ask him about the fair price for UniCredit shares these days…

Unicredit shares on 26/Oct/2008

Unicredit shares on 26/Oct/2008





Sunday passegiata

19 10 2008

When in Italy, do as the italians do…. therefore I took an extended afternoon walk to some places of interest in centrocittà.

Two towers?! From beginning of Ugo Bassi street, one can only see the Torre degli Asinelli – and little traffic on a sunday afternoon!

Via Ugo Bassi

Via Ugo Bassi

To see and be seen nothing is better than the Piazza Maggiore.

Piazza Maggiore

Piazza Maggiore

I took a look into the Basilica San Petronio.

Basilica San Petronio

Basilica San Petronio

Integrated into the floor there is a meridian line that was used for time measurement purposes.

Meridian line in San Petronio

Meridian line in San Petronio

After that I moved on to a special place recommended by university staff – “La Sorbetteria” in Via Castiglione. Promised to be the best ice cream place in Bologna it did live up to my (high!) expectations.

La Sorbetteria

La Sorbetteria

Finally I inspected a surprising detail of Bologna – the few and small remainders of its once important canal system (interesting description can be found here).

Some people even thought it is like a window into Venezia…

"Venezia" window

On this occasion I saw some people doing the “urban rafting” tour offered by some kind of cultural / touristic association.

The canal is not very deep

The canal is not very deep

Urban rafting

"Urban rafting"...

...in urban waters

...in urban waters





My second room

17 10 2008

Moving again. Finally the room at the university residence I originally “booked” was free, so I moved in yesterday. It is in an apartment of two double rooms, both of which are only used by one person – my MBA colleague Maxim from Ukraine and me. Here are the pictures…





Playing LEGO!

13 10 2008

As all of you seminar-experienced people out there know, there are many different ways to team up a new group and facilitate people getting to know each other, most of them include some kind of playing…

Our MBA program designers opted for

LEGO - Like in the old days

Link to LEGO in the image

(A short but informative article also on german wikipedia.)

So there we were in the afternoon, building structures and interpreting them to the class. And another full day of this is to follow tomorrow…





First days…

12 10 2008

So far this has been a warm welcome in many ways…

On my first night I went to dinner with my friend Daniel from Vienna, who happened to be in Firenze, which is not more than an hour by train from Bologna. We had dinner at Trattoria Fantoni in Via Pratello, during the day a quaint pedestrian road, in the evening one of the centers of Bologna night life.

Via Pratello

Via Pratello

Yesterday I walked the city streets,  criss-crossing the old town and checking on some of the main places of interest. From a visit years ago I remembered a quiet piazza. Having a very rough idea where it could be I set out to find it – and succeeded. The place in front of the S. Stefano church was housing a little antiques fair.

Antiques at S. Stefano

Antiques at S. Stefano

The evening brought me a first encounter with some of my fellow MBA students, some of them accompanied by their partners.  We had some drinks at a pub and later landed at an “interesting” party. However, nice evening, cool people.

Today I explored the way to the school and its vicinities with my motorbike, catching a nice view over parts of the city.

Bologna hills

Bologna hills

After that I went to see Giardini Margherita, Bologna’s main – or one could say: only – park. Nice,  but really crowded.





My room no. 1 in Bologna

12 10 2008

Ok. Here it is.

room no. 1

room no. 1

No big surprises, just what a room in a student house looks like. I am not going too much into detail, because I will only stay here for less than a week. To the left is the window, I am standing on the second bed and to the right is the bathroom.

So that is just for documentation purposes…