Hollywood star Tom Hanks on the David Letterman show recently spoke about the charms of a small German town called Eisenhüttenstadt. Located near the Polish border, its architecture and history make it worth a visit.
When it was established in 1950, Eisenhüttenstadt was touted as the first socialist city on German soil. The steelworks are the heart of the town. Known as EKO in the former communist East Germany, today they are owned by ArcelorMittal, a global steel company. The factory is open for guided tours.
Lindenallee, formerly Leninallee, is the road leading into the city. It features 1950s apartment blocks, built in the Stalinist neoclassical style. The architecture forms the most spacious monument in Germany—a monument to the model socialist city. The city museum gives an insight into how it all came about. Elsewhere, the Documentation Center of Everyday Life in the GDR aims to give visitors an understanding of life in communist East Germany.
Politicians and business leaders around the globe are celebrating a breakthrough for a world trade deal hammered out at the WTO conference in Bali. Despite all the plaudits, however, non-goverment groups are skeptical.
The European Central Bank (ECB) is in search of some 1,000 people to fill positions in a new banking supervision unit. Observers are calling it a vanguard in financial controlling: It's certainly a first for Europe.
A gold medal won by Jesse Owens at the 1936 Berlin Olympics has been bought in an online auction for more than $1.4 million. The medal - one of four golds Owens won at the Games - was bought by an American billionaire.