Keyword: austrian

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  • Austrian Bank On The Edge! Derivatives Is 10 Times The Size Of The Global Economy

    01/28/2015 1:49:24 PM PST · by alexmark1917 · 18 replies
    Last year Austria's largest bank, Erste Bank, sent shudders of Credit Anstalt through the European Banking System. This year it is Austria's 3rd largest bank that is scaring investors senseless. On the heels of the Swiss National Bank's decision to un-peg from the Euro, Raiffeisen Bank's Swiss-Franc-Denominated mortgage worries have resurfaced (along with Russian/Ukraine writedowns) and nowhere is that more evident than the total collapse of the bank's bonds (from over 95c to 65c today). Even after the ECB Q€ (and some apparent intervention to weaken the Swissy) bonds kept free-falling. Perhaps, The Freedom Party's demands for a bailout will...
  • Austrian School Resurgence Reflects Desire for Better Solutions to Economic Malaise

    03/09/2014 8:56:34 AM PDT · by AK_47_7.62x39 · 5 replies
    WealthCycles blog ^ | March 8, 2014 | Staff
    Mar 08 2014 The WealthCycles Staff Once virtually abandoned by the mainstream, many ideas associated with Austrian School economics have been increasingly in the spotlight, and in the public consciousness, in recent years. Some of the attention resulted from the popularity of Congressman Ron Paul, who, particularly during his third presidential run in 2012, captured the attention of the millennials, the last generation born in the 20th century. The appeal of Paul’s anti-establishment economic theories is understandable: raised on expectations of upward mobility instilled in their baby boom parents, today’s young people have emerged into adulthood to face the sad...
  • Stolen European passports on missing plane

    03/08/2014 8:32:29 AM PST · by bryan999 · 47 replies
    <p>MILAN (AP) — Foreign ministry officials in Rome and Vienna confirm that names of two nationals listed on the manifest of the missing Malaysian airlines flight match passports reported stolen in Thailand.</p> <p>Italy's Foreign Ministry said Saturday that an Italian man whose name was listed as being aboard is traveling in Thailand and was not aboard the plane.</p>
  • Austrian mayor: Journalists should be hanged like Jews

    12/06/2013 8:38:07 AM PST · by Dallas59 · 27 replies
    JP ^ | 12/5/2013 | JP
    BERLIN - The mayor of the Austrian town of Gföhl said on Tuesday in city council meeting that journalists who reported on asylum seekers should be hanged like the Jews. The Austrian news outlet reported on Wednesday that Gföhl’s mayor Karl Simlinger expressed fury about asylum applicants who would be lodged in a planned complex. “I don’t give a shit about asylum seekers, but the journalists are to be blamed. They should be hanged; they are like the Jews.”
  • Renowned local economist explains controversial Austrian theory (Loyola U.)

    10/25/2013 11:12:59 AM PDT · by Para-Ord.45 · 25 replies ^ | October 24, 2013 | David Lippman
    Video at link: A common belief is that conservatives caused the government shutdown, while liberals are the ones who want to legalize marijuana. But both ideas come from the same school of thought, which is much older than the Democratic and Republican parties. It is called Austrian Economics, and one of its leading proponents calls south Louisiana home. Dr. Walter Block holds an endowed chair at Loyola University and is a faculty member of the Mises Institute. He has taught at several universities and written books about controversial economic topics. He was one of many people angry about the recent...
  • Ron Paul launches his own home-school curriculum

    04/08/2013 5:43:40 PM PDT · by Tired of Taxes · 42 replies
    The Daily Caller ^ | 4-8-13 | Patrick Howley
    Former Republican congressman and three-time presidential candidate Ron Paul has launched his own K-12 home-school curriculum to provide an “education in liberty like no other.” The curriculum, which includes courses on “the economics of the Austrian school,” provides its K-5 program for free, meaning that students and families will be able to learn under Ron Paul for six years “without spending a dime,” according to one of the curriculum’s high school teachers, Ludwig von Mises Institute senior fellow Tom Woods. “Here, students learn the basics of Western Civilization and Western liberty — how it was won, how it is being...
  • Where Is the Inflation?

    01/16/2013 10:48:17 AM PST · by arthurus · 58 replies
    16 January 201 ^ | Mark Thornton
    The basic notion that more money, i.e., inflation, causes higher prices, i.e., price inflation, is not a uniquely Austrian view. It is a very old and commonly held view by professional economists and is presented in nearly every textbook that I have examined. This common view is often labeled the quantity theory of money. Only economists with a Mercantilist or Keynesian ideology even challenge this view. However, only Austrians can explain the current dilemma: why hasn't the massive money printing by the central banks of the world resulted in higher prices.
  • If Only D'Souza Were Right (from the Austrian School)

    09/02/2012 10:49:10 PM PDT · by Arec Barrwin · 105 replies
    Ludwig von Mises Institute ^ | September 1, 2012 | Gary North
    If Only D'Souza Were Right Mises Daily: Monday, September 03, 2012 by Gary North by Gary North 2016: Obama's America I went to see 2016: Obama's America. Dinesh D'Souza wrote, stars in, directed, narrates, and did the original research for it. If we look at this from the point of view of its success as a documentary, I think it is effective. It is making money in theaters. This is amazing for a documentary. It is a campaign-year documentary, and it is a good one. It is also dead wrong. That is because it misses the fundamental political fact of...
  • Boiling it down

    07/24/2012 8:14:27 AM PDT · by SeekAndFind · 3 replies
    Coordination Problem ^ | 07/24/2012 | Peter Lewin
    Keynesian (and some Monetarist) versus Austrian views on the business cycle revolve around two basic empirical issues: the nature of capital and production and the nature of the national budget constraint. Concerning capital: Ironically, Keynesians appear to assume a kind of “equilibrium always” story in which productive (human and physical) resources can, at low cost, be simply shifted to and plugged in to the production of whatever product or service happens to be the object of demand stimulus; and, further, that if enough of this is done, income, employment and tax-payments will rise precipitously. In this way economic-policy can produce...
  • The Injustice of Social Justice (and the true nature of rights)

    03/16/2011 7:07:40 PM PDT · by sickoflibs · 34 replies
    Mises Institute ^ | March 16, 2011 | Ben O'Neill
    Every once in a while, something comes along that perfectly encapsulates the idea of so-called "social justice" in action. For all the wonderful critiques that have been written about this wretched concept by its many detractors,[1] none quite match the elegant simplicity of a recent work by some of its advocates. I am referring here to a recent video made for the World Day of Social Justice[2] in which students and teachers complete this sentence: Everyone has the right to _____. The video is a colorful montage of possible completions to this sentence, set to some pleasant easy-listening music. It...
  • The Political Economy of Government Employee Unions (they are the servants, not the masters)

    02/24/2011 6:26:40 PM PST · by sickoflibs · 17 replies
    Mises Institute ^ | February 24, 2011 | Thomas J. DiLorenzo
    The main reason why so many state and local governments are bankrupt, or on the verge of bankruptcy, is the combination of government-run monopolies and government-employee unions. Government-employee unions have vastly more power than do private-sector unions because the entities they work for are typically monopolies. When the employees of a grocery store, for example, go on strike and shut down the store, consumers can simply shop elsewhere, and the grocery-store management is perfectly free to hire replacement workers. In contrast, when a city teachers' or garbage-truck drivers' union goes on strike, there is no school and no garbage collection...
  • Austrian MP Ewald Stadler adresses Turkish Ambassador

    12/06/2010 5:37:34 PM PST · by ventanax5 · 4 replies
    LAST JUNE, Luigi Padovese, the Roman Catholic Archbishop of the Turkish port city of Iskenderun, was murdered in his home by a 26-year-old Muslim who stabbed him eight times in the heart and then severed his head while shouting “Allah is the greatest.” He is one of many priests murdered in Turkey since 2008. Here are words of appropriate outrage from Europe. Austrian MP Ewald Stadler, in a speech addressed to the Turkish ambassador last week, decries the Islamification of the West and the “romance of tolerance and human rights.” “Your devotion to freedom of religion is pure hypocrisy,” Stadler...
  • Austrian Parliment Member Unloads on Islamist Double Talk

    12/04/2010 8:05:32 PM PST · by Nachum · 32 replies
    verum serum ^ | 12/4/10 | John
    Nothing like hearing someone browbeaten in German to get the blood flowing:... I don’t know who this guy is. Maybe he’s part of some fringe party. I think what he says here is entirely defensible though. Islamists here in the US play the same game, demanding treatment their own home governments would never extend to any other religious minority.
  • Spreading Hayek, Spurning Keynes

    08/28/2010 3:18:23 PM PDT · by Palter · 15 replies
    WSJ ^ | 28 Aug 2010 | Kelly Evans
    Professor Leads an Austrian Revival Peter J. Boettke, shuffling around in a maroon velour track suit or faux-leather rubber shoes he calls "dress Crocs," hardly seems like the type to lead a revolution. But the 50-year-old professor of economics at George Mason University in Virginia is emerging as the intellectual standard-bearer for the Austrian school of economics that opposes government intervention in markets and decries federal spending to prop up demand during times of crisis. Mr. Boettke, whose latest research explores people's ability to self-regulate, also is minting a new generation of disciples who are spreading the Austrian approach throughout...
  • When Labor Is Capital: The Limits of Keynesian Policy

    08/07/2010 6:39:45 AM PDT · by milwguy · 33 replies
    aei ^ | 8/6/2010 | Arnold Kling
    The economic mystery of 2010 is the persistence of high unemployment, in spite of stimulus that follows the prescription of the prevailing Keynesian orthodoxy. Here’s an alternative to that orthodoxy. In the United States, the economic mystery of 2010 is the persistence of high unemployment, in spite of the application of the stimulus treatment that follows the prescription of the prevailing Keynesian orthodoxy. I wish to offer an alternative to that orthodoxy. For the followers of John Maynard Keynes, economic activity consists of spending. When economic activity slows down, their prescription is to increase spending by government, businesses, consumers, or...
  • Austrians vs. Keynesians in Today's Economy

    07/17/2010 6:55:53 AM PDT · by SeekAndFind · 10 replies
    MinyanVille ^ | 07/17/2010 | Przemyslaw Radomski
    We live in an era of unparalleled confusion on monetary and economic issues. It’s almost like a shoot-out among the economists in the Old West, except that here you can’t tell the good guys from the bad guys. You read so many conflicting reports, editorials, and newsletters that it’s easy to get befuddled. There are those who say inflation, those who shout deflation. Some say print more money, others say halt the printing presses. There are those who say bail them out, and the others who say let them fail. There are those who say gold is going up to...
  • Is it Time for a Resurgence of the Austrian School of Economics?

    06/19/2010 2:52:00 PM PDT · by nickcarraway · 16 replies · 257+ views
    PBS ^ | Rick Schmid
    Question: Hello Paul! Do you ever plan to present the ideas of economists that adhere to the Austrian School of Economics (Students of Von Hayek or Von Mises)? Their understanding of the nature and causes of the business cyle enabled them to foresee much of what has happened in the last few years. (Peter Schiff and Marc Faber are successful examples.) Thanks for your friendly commentary!Paul Solman: Yes, the resurgence of the Austrian School is worth a look, and was suggested to me by none other than Robert MacNeil a few weeks ago after Rand Paul's victory in Kentucky. Look...
  • Death-Spiral Intercept

    04/15/2010 7:52:00 AM PDT · by Leisler · 17 replies · 494+ views
    Market Ticker ^ | Thursday, April 15. 2010 | Karl Denninger
    ".. you can't fix debt intoxication with another bottle of whiskey. What we're doing now will inevitably lead to another crisis, this one much worse than the last. Burdened with the bad paper they refused to unload, the banks will get into cash flow trouble as their attempt to extract ever-larger amounts of money from everyone else in society to paper over their own insolvency will ultimately fail. The Federal Government will see the market back up rates irrespective of what they try to do, just as Greece has. This will force borrowing costs higher, and ultimately make destruction of...
  • The Return of the Great Depression - a book review.

    10/20/2009 6:34:48 AM PDT · by arkadyka · 419+ views
    Right Condition ^ | 10/20/2009 | me
    Once in a while, a book comes along that shakes so many of your core beliefs that you are left questioning either the integrity of what you have read or your own knowledge. In this particular case, I had the privilege of a sneak peek at The Return of the Great Depression by Vox Day and with most certainly can state, it is the latter. RGD as it shall be referred to from now on, as can be inferred from its title makes a very compelling case as to the state of our economy and where this nation is potentially...
  • Warren Harding and the Forgotten Depression of 1920

    10/15/2009 8:46:53 PM PDT · by rabscuttle385 · 35 replies · 2,107+ views
    The Intercollegiate Review / Campaign for Liberty ^ | 2009-10-15 | Thomas E. Woods, Jr.
    It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from an historical episode, the political class will draw all the wrong ones — and often deliberately so. Far from viewing the past as a potential source of wisdom and insight, political regimes have a habit of employing history as an ideological weapon, to be distorted and manipulated in the service of present-day ambitions. That’s what Winston Churchill meant when he described the history of the Soviet Union as...
  • Why the Meltdown Should Have Surprised No One

    06/14/2009 9:17:38 PM PDT · by camp_steveo · 2 replies · 857+ views ^ | 6/12/2009 | Peter Schiff
  • Obama Declares Austrian As A Language

    04/06/2009 2:54:58 PM PDT · by Quaker · 37 replies · 1,311+ views
    Stuck On Stupid ^ | April 6, 2009 | Quaker
    Barack Obama in his own words during a speech at a recent NATO Conference
  • News Conference By President Obama [says "Austrian" is a language]

    04/06/2009 12:58:42 PM PDT · by 4Liberty · 67 replies · 2,189+ views
    Talking Points Memo ^ | April 4, 2009 | Talking Points Memo
    “There’s a lot of -- I don’t know what the term is in Austrian -- wheeling and dealing, and people are pursuing their interests, and everybody has their own particular issues and their own particular politics,” he said in response to an Austrian reporter’s question.
  • Obamateurism of the Day: OBAMA says he doesn't speak Austrian

    04/06/2009 9:14:47 AM PDT · by Tolik · 118 replies · 5,181+ views ^ | April 6, 2009 | Ed Morrissey
    George Bush’s critics rightly roasted him for his tortured syntax and waterboarded grammar, and used it to make the claim that the graduate of both Harvard and Yale was an idiot.  Well, perhaps, but I don’t recall him ever claiming that Austrian was a language.  It takes a highly-esteemed intellect, it seems, to miss the fact that Austrians mainly speak German:   Obama: It was also interesting to see that political interaction in Europe is not that different from the United States Senate. There’s a lot of — I don’t know what the term is in Austrian...
  • American President thinks ‘Austrian’ is a language

    04/06/2009 6:00:32 AM PDT · by Josh Painter · 60 replies · 6,047+ views ^ | Sunday, April 5th at 5:50PM EDT | Josh Painter
    President Barack Obama made a world-class gaffe in front of the entire planet's press during his news conference in Strasbourg, France. The transcript was released by the White House on April 4: Q Sonja Sagmeister from a little country, Austria, from Austrian Television. Mr. President, you said you came here to learn and to listen. So a quite personal question -- what did you learn from your personal talk with the European leaders? And did this change in a certain way your views on Europe and its politics? PRESIDENT OBAMA: It's an interesting question. I had already formed relationships with...
  • News Conference By President Obama (Thinks Austrian is a language!!!)

    04/05/2009 2:16:20 PM PDT · by PghBaldy · 191 replies · 9,222+ views
    Q Sonja Sagmeister from a little country, Austria, from Austrian Television. Mr. President, you said you came here to learn and to listen. So a quite personal question -- what did you learn from your personal talk with the European leaders? And did this change in a certain way your views on Europe and its politics? PRESIDENT OBAMA: It's an interesting question. I had already formed relationships with many of them. ... There's a lot of -- I don't know what the term is in Austrian -- wheeling and dealing -- and, you know, people are pursuing their interests, and...
  • News Conference By President Obama (Obama invents new language!)

    04/05/2009 2:08:43 PM PDT · by ScaniaBoy · 26 replies · 1,320+ views
    Talking Points Memo ^ | April 4, 2009 | Transcript presented by the White House
    Palaiz [sic! - Palace is spelled Palais in French] de la Musique et Des Congres Strasbourg, France 4:32 P.M. (Local) ---[SNIP]--- [Full press release at link above]  Q Sonja Sagmeister from a little country, Austria, from Austrian Television. Mr. President, you said you came here to learn and to listen. So a quite personal question -- what did you learn from your personal talk with the European leaders? And did this change in a certain way your views on Europe and its politics? PRESIDENT OBAMA: It's an interesting question. I had already formed relationships with many of them. Some of...
  • Ignoring the Austrians Got Us in This Mess (No not the Austrian governing California)

    03/12/2009 12:42:02 PM PDT · by SeekAndFind · 8 replies · 562+ views
    Barron's ^ | March 12,2009 | RANDALL W. FORSYTH
    "WILL CAPITALISM SURVIVE?" was the question before the lunch table Wednesday. "It hasn't been tried," I replied, "at least not since the McKinley administration and certainly not since 1914," when the Federal Reserve started operations in earnest. In doing my conservative curmudgeon act, I probably came across as supercilious. But my response also reflected my reaction to the smug contempt toward free-market philosophy in general and Ronald Reagan and his lesser successors in particular expressed elsewhere in the press of late. The credit crisis and the ensuing global economic contraction have failed to make an impression on academe, where free-market...
  • NEFA Foundation: Army of Islam Issues Message to the Austrian Government

    02/11/2009 2:52:27 AM PST · by Cindy · 5 replies · 417+ views
    COUNTERTERRORISM ^ | February 9, 2009 11:12 PM | By Evan Kohlmann
    The NEFA Foundation has obtained a new communiqué from the Army of Islam in Gaza, in which the group urges the Austrian government to release Muhammad Shawqi Mahmoud from jail. In March 2008, Mahmoud was sentenced to four years in prison for belonging to a terrorist organization. Mahmoud, a central figure in the Global Islamic Media Front (GIMF), was involved in producing a March 2007 GIMF video that threatened Austria and Germany if the countries did not withdraw their troops from Afghanistan.
  • Austrian far-right legislator convicted of anti-Muslim incitement

    01/22/2009 3:48:25 PM PST · by knighthawk · 19 replies · 692+ views
    The Earth Times ^ | January 22 2008 | DPA
    Vienna - Austrian far-right parliamentarian Susanne Winter was convicted Thursday of incitement because of her anti-Muslim statements, including the claim that Islam's prophet Mohammed was a paedophile. A court in Winter's home town of Graz also found the 51-year-old politician guilty of humiliating a religion. She was sentenced to a fine of 24,000 euros (31,000 dollars) euros and a suspended prison term of three months, Austrian news agency APA reported. The politician, who took a seat in parliament last fall for the Freedom Party (FPOe), made the anti-Islamic remarks in January 2008. She also proposed in a discussion with students...
  • Do You Austrians Have a Better Idea?

    02/03/2009 12:18:18 PM PST · by AgThorn · 10 replies · 624+ views
    Ludwig Von Mises Institute ^ | 2/2/2009 | Robert P. Murphy
    "Do You Austrians Have a Better Idea?" Daily Article by Robert P. Murphy | Posted on 2/2/2009 12:00:00 AM A lot of people get annoyed with Austrian economists because they tend to be so dogmatic (we prefer the term consistent) and because they cloak their strictly economic claims with self-righteousness (we prefer the term morality). After a good Austrian bashing of the latest call to steal taxpayer money and waste it on something that will make a given problem worse, the stumped critics will often shout, "Oh yeah? Well do you guys have a better idea?"Now, in truth, someone...
  • Stimulus bill would send billions to California

    01/23/2009 8:22:25 PM PST · by Amerigomag · 13 replies · 274+ views
    McClatchy Newspapers via Fresno Bee ^ | 01-23-2009 | Rob Hotakainen
    WASHINGTON — A new analysis shows that California would get a whopping $21.5 billion under an economic stimulus plan that’s expected to be approved by the House next week, making it the biggest winner among the 50 state On Thursday, staffers of the House Transportation and Infrastructure Committee estimated that California would receive $4.5 billion to spend on highways, bridges and other projects.Other stimulus money would be aimed at programs for child care, job training and energy assistance for the poor, among other things. Under the House Democratic plan, the biggest source of aid to states — $79 billion —...
  • Hanford Democrat gets newly created state job

    01/21/2009 1:18:25 PM PST · by Amerigomag · 2 replies · 227+ views
    Fresno Bee ^ | 01-21-2009 | AP Staff
    BAKERSFIELD, Calif. -- Former Democratic Assemblywoman Nicole Parra has a new job in the Schwarzenegger administration coordinating economic development. Parra will earn $128,124 directing the governor's regional development issues in the Business, Transportation and Housing Agency. Parra, who termed out last year, earned headlines when assembly Speaker Karen Bass evicted her from her Statehouse office for not supporting her party's budget proposal. Parra, from Hanford, represented the 30th Assembly District from 2002 to 2008. After terming out, she supported Republican Danny Gilmore in his successful bid to succeed her.
  • Al-Qaida: 2 Austrian tourists kidnapped (last month in Tunisia)

    03/10/2008 12:19:58 PM PDT · by NormsRevenge · 8 replies · 818+ views
    AP on Yahoo ^ | 3/10/08 | Omar Sinan - ap
    CAIRO, Egypt - Al-Qaida in Islamic North Africa claimed responsibility for kidnapping two Austrian tourists last month in Tunisia in an audio recording aired Monday on Al-Jazeera television. A man who identified himself as Salah Abu Mohammed said in the recording that the terrorist group kidnapped the two Austrians on Feb. 22 in retribution for Western cooperation with Israel, but said the hostages were in good health. "We tell Western tourists that at the same time they are flowing into Tunisian lands seeking joy, our brothers are being slain in Gaza by the Jews with the collaboration of the Western...
  • Bill seeks to modify high-speed rail bond on California ballot (Austrian backs fascism)

    03/01/2008 8:34:12 AM PST · by Amerigomag · 3 replies · 161+ views
    The Associated Press via ^ | Thursday, February 28, 2008 18:10 PST | STEVE LAWRENCE
    Two Democrats have introduced legislation sought by Gov. Arnold Schwarzenegger that could broaden voter support for a twice-delayed, $9.9 billion high-speed-rail bond on the November ballot. A spokeswoman for Schwarzenegger, Sabrina Lockhart, said Thursday that the administration worked with the rail board to draft the Galgiani and Ma bill. The bill by Assemblywomen Cathleen Galgiani of Tracy and Fiona Ma of San Francisco would allow the bonds to be used for all segments of the proposed 700-mile rail system. The bond's current language dedicates the money only for the proposed segment between the Los Angeles and San Francisco areas.Ma and...
  • Schwarzenegger kills Iraq vote

    09/12/2007 2:11:59 PM PDT · by Amerigomag · 9 replies · 403+ views
    Union-Tribune Newsblog ^ | 09-12-2007 | John Marelius
    Just minutes before a midnight deadline, Gov. Arnold Schwarzenegger vetoed a bill that would have placed on the Feb. 5 presidential primary election ballot an advisory resolution urging President Bush to immediately withdraw U.S. troops from Iraq. Schwarzenegger said in his veto message such a vote would be superfluous when voters can determine the future course of Iraq policy with their votes for president.
  • Grove City College:Reflection in the Spirit of Hope(a top notch conservative Christian college)

    07/09/2007 7:11:25 AM PDT · by SirLinksalot · 7 replies · 437+ views
    TOWNHALL ^ | 04/27/2007 | Lindsay Boyd
    As many Townhall readers may remember, I spent last week blogging from Grove City College’s Center for Vision and Values conference on “The De-Christianization of Europe: From Nicea to Nietzsche”. It was a privilege to be a part of this highly philosophical, conservatively intellectual examination into the decomposition of Christian values that’s taking place across the world. Grove City truly is a bastion for principled education and it was refreshing to observe the students as they interacted with some of the brightest minds in modern religious studies. Following the Virginia Tech travesty, I reflected again on my experience at Grove...
  • Iraqi insurgents using Austrian rifles from Iran (sniper)

    02/12/2007 8:15:47 PM PST · by FreeAtlanta · 45 replies · 1,772+ views
    Telegraph (uk) ^ | 02/13/2007 | Thomas Harding
    Austrian sniper rifles that were exported to Iran have been discovered in the hands of Iraqi terrorists, The Daily Telegraph has learned. More than 100 of the.50 calibre weapons, capable of penetrating body armour, have been discovered by American troops during raids. The Steyr HS50 is a long range, high precision rifle The guns were part of a shipment of 800 rifles that the Austrian company, Steyr-Mannlicher, exported legally to Iran last year......(excerpt)
  • Nail in the brain isn't such a pain

    11/10/2006 3:08:57 AM PST · by MadIvan · 13 replies · 337+ views
    Ananova ^ | November 10, 2006 | Staff
    An Austrian carpenter accidentally shot a four inch nail into his brain and didn't even get a headache.Tom Schoenitz, 30, was working on a roof in Salzburg when he bumped into a colleague who was holding a nail gun. His head knocked against the gun and the pressure accidentally activated it - shooting a nail through the carpenter's skull and into his brain. Schoenitz, who told emergency workers he felt no pain, was rushed to hospital where the nail was removed after being embedded in his head for 90 minutes. Doctors said they are running tests on the man to...
  • Austrian Voters Veer Back To Far-Right

    10/01/2006 7:35:08 PM PDT · by blam · 25 replies · 980+ views
    The Telegraph (UK) ^ | 10-2-2006 | Michael Leidig
    Austrian voters veer back to far-Right By Michael Leidig in Vienna (Filed: 02/10/2006) Austrian voters swung back to the far-Right in elections yesterday with the Freedom Party and a splinter group led by Jorg Haider, the populist hardliner, gaining more than 15 per cent of the vote. Chancellor Schussel: preliminary results looked to have swung to the far-Right and left his party in second place But in the preliminary results, the centre-Left Social Democrats looked to have just edged ahead of the conservative Chancellor, Wolfgang Schussel, and his OeVP party. A grand coalition between the two leading parties is a...
  • Austrian detained on suspicion of industrial espionage for Russia

    07/14/2006 7:31:52 PM PDT · by AKSurprise · 1 replies · 461+ views ^ | 07/13/06 | RIA Novosti
    A former employee of an Austrian industrial group was detained in Innsbruck on suspicion of spying for Russia, Austrian television said Thursday. Reports say that the 48-year old detained individual transferred confidential information to a Russian company about technological processes, specifications and clients of the Plansee Group, which specializes in producing refractory metal products and special materials. Plansee chief executive Michael Schwarzkopf said the company would seek compensation from the detained employee adding that Plansee was currently evaluating the material damages. He said the employee had been detained Wednesday after the company had contacted the country's Interior Ministry, which had...
  • Schwarzenegger tells hometown to remove his name from stadium

    12/19/2005 1:52:29 PM PST · by calcowgirl · 84 replies · 2,316+ views
    AP - Monterey County Herald ^ | December 19, 2005 | JENNIFER COLEMAN
    SACRAMENTO - Gov. Arnold Schwarzenegger on Monday told officials in his hometown in Austria to remove his name from a sports stadium and stop using his name to promote the city. The governor's request came after politicians in Graz began a petition drive to rename the stadium, reacting to Schwarzenegger's decision last week to deny clemency to condemned inmate Stanley Tookie Williams. Opposition to the death penalty is strong in Austria. In a letter that began "Dear Mister Mayor," Schwarzenegger said he decided to spare the Graz city council "further concern" should he be forced to make other clemency decisions...
  • The pride of 'people without a country'

    08/08/2005 3:39:35 PM PDT · by jb6 · 168 replies · 2,782+ views
    HERALD NEWS ^ | August 8, 2005 | MAYA KREMEN
    PASSAIC - There are few Lemkos left, and even fewer who speak their original Slavic dialect. Most of those who do remember have gray hair. But over dill chicken soup in the meeting room of Saints Peter and Paul Russian Orthodox Cathedral on Sunday morning, the dozen or so members of the Lemko Association agreed on one thing: They were proud to be Lemkos, even if they always have to explain themselves. "We're a people without a country," said Maryann Bacsik, 53, of Little Falls, whose grandfather came here from Eastern Europe in 1907. "Many people my age have no...
  • CA: (Chairman Mao) Lockyer calls Arnold Austrian autocrat

    03/16/2005 8:41:22 AM PST · by NormsRevenge · 10 replies · 408+ views
    LA Daily News ^ | 3/16/05 | Lisa Friedman
    WASHINGTON - California Attorney General Bill Lockyer, in the nation's capital boosting his plans to run for governor, said Tuesday that Gov. Arnold Schwarzenegger has brought an autocratic "odor of Austrian politics" to the California statehouse. "It has a little bit of the sort of odor of Austrian politics. There's a sort of arrogance of power that bothers me," said Lockyer, who has raised $11 million for his campaign. Asked if he was referring to a particular era in European history, Lockyer said, "I'm just talking about the culture - that there's a long history of autocracy. It's an elite...
  • Islam Online: Austrian Minister Calls for Banning Hijab (Really Only Banning Hijabs for Teachers)

    03/09/2005 2:07:56 PM PST · by Land_of_Lincoln_John · 3 replies · 281+ views
    Islam Online ^ | March 9, 2005 | Ahmed Al-Matboli
    VIENNA, March 9, 2005 ( – In what some fear could be a curtain raiser for a major policy shift in a country considered somehow tolerant, Austrian Interior Minister Liese Prokop has called for banning hijab-clad Muslim women from teaching at schools. “I consider now the legality of banning hijab in schools,” Prokop told the state-run Falter Magazine Tuesday, March 8. “But, anyhow, I will throw my weight about the ban.” She argued that wearing the hijab in schools runs counter to the values of Austrian society. “Muslim women suffer from oppression and their rights are down-trodden,” the minister claimed,...
  • Calif. Republicans rallying on Schwarzenegger agenda

    02/12/2005 3:54:58 PM PST · by FairOpinion · 262 replies · 1,976+ views
    Reuters ^ | Feb. 12, 2005 | Jenny O'Mara
    SACRAMENTO, Calif., Feb 12 (Reuters) - California's Republican loyalists said on Saturday they are ready to rally behind Gov. Arnold Schwarzenegger's ambitious political agenda that includes ballot measures Democrats vow to defeat. Republicans meeting at the party's state convention in Sacramento said they will eagerly fight by Schwarzenegger's side if he asks voters to support this year's agenda through ballot measures, a sharp contrast to a September convention when party officials feared key conservative members would not embrace the socially moderate Hollywood icon. But Schwarzenegger has in recent public appearances rarely missed an opportunity to stress he stands with conservatives...
  • Austrian firm sells 800 rifles to Iran

    02/09/2005 2:28:03 PM PST · by NormsRevenge · 11 replies · 997+ views
    Bakersfield Californian ^ | 2/9/05 | George Jahn - AP
    VIENNA, Austria (AP) - Iran has contracted to buy hundreds of high-powered rifles from an Austrian firm, the company's owner said Wednesday. The sale drew an indirect rebuke from the United States, but Austrian government ministries said no laws were broken. Wolfgang Fuerlinger, head of Steyr Mannlicher GmbH, confirmed the deal between his company and Iranian authorities and said U.S. Embassy officials had expressed concerns the arms could make their way to Iraq for use against American troops. He said he could not confirm Austrian media reports that part of the order - 800 long-range semiautomatic rifles that can penetrate...
  • Hollywood, Michael Moore and the Democrats

    01/07/2005 9:50:35 PM PST · by Kitten Festival · 2 replies · 433+ views
    The American Thinker ^ | Jan. 7, 2005 | Thomas Lifson
    Chris Whittle, who edits Sunday Morning Shootout ... has a fascinating, wide ranging post on his site Eject! Eject! Eject!, which hits many of my political-entertainment industry buttons. The amn knows whereof he speaks, and has a lot of worthwhile thoughts. >>There are only eight conservative actors in the history of Hollywood, and five of them have been elected to high office. (The sixth was elected president of the National Rifle Association, the seventh was elected Mayor of Carmel, California on a pro-business platform, and John Wayne had the class to never run for – or from – anything.) If,...
  • CA: Historians criticize governor for flubbing Austrian history at GOP convention (Update)

    09/03/2004 8:36:53 AM PDT · by NormsRevenge · 44 replies · 1,283+ views
    Monterey Herald ^ | 9/3/04 | Roland Prinz - AP
    VIENNA, Austria - Austrian historians are ridiculing California Gov. Arnold Schwarzenegger for telling the Republican National Convention that he saw Soviet tanks in his homeland as a child and left a "Socialist" country when he moved away in 1968. Recalling that the Soviets once occupied part of Austria in the aftermath of World War II, Schwarzenegger told the convention on Tuesday: "I saw tanks in the streets. I saw communism with my own eyes." No way, historians say, challenging Schwarzenegger's knowledge of postwar history - if not his enduring popularity among Austrians who admire him for rising from a penniless...
  • Austrian traffic paralysed in environment protest

    04/07/2004 8:22:05 PM PDT · by NormsRevenge · 3 replies · 159+ views
    Yahoo! News ^ | 4/7/04 | AFP - Vienna
    VIENNA (AFP) - Demonstrators blocked key motorway links between Germany and Italy through the Austrian Alps for a third day in protest against the threat of pollution caused by new EU relaxations on truck traffic. Two motorways were paralysed with long tailbacks of vehicles through the Inntal Valley in western Tyrol and the Tauern between Salzburg and Upper Austria, a motoring association spokesman said. "Several hundred demonstrators blocked vehicles for kilometres in the Inntal near Innsbruck and in both directions of the Tauern tunnel," he said. Trucks were expected to be trapped in the Inntal until early Thursday because the...