Photo of the day
A dip in Berlin's Spree
Around 430 swimmers went for a swim in the Spree canal near Berlin's Museum Island, a bustling tourist destination during the summer, for the fourth annual "Flussbad Cup" Sunday. Of the 430 swimmers, only 146 actually took part in the 800-meter (875-yard) race. The rest took advantage of the occasion and just splashed about. Swimming in the canals is usually prohibited. Source:
Birthday of the day
Lies, damn lies and DAX statistics
The German blue-chip index celebrates its 30th birthday today. Launched in July 1988, the DAX has gained around 940 percent since then, whereas the Dow Jones Industrial Average, which also has 30 constituents, has jumped 1050 percent. But the devil is in the details: The headline DAX published by Deutsche Börse includes dividend payouts that are reinvested into the stocks. The DJIA, like many other major indices, does not include dividends. Without the payouts, the DAX would only have risen four-fold.
Person of the day
Spiegel Online's CEO
Jesper Doub, CEO of Spiegel Online, is leaving his post to work for Facebook. The 48-year-old, self-proclaimed Facebook critic, will lead a team whose purpose is improving relationships between publishers and the social media platform. In a Facebook post, Mr. Doub wrote: "I firmly believe that by working closely together, Facebook and news organizations can and will better understand each other and find sustainable solutions for trusted journalism leveraging Facebook’s products, capabilities and joint ideas moving forward.” Source:
Quote of the day
Trouble is brewing
While Interior Minister Horst Seehofer hums The Clash's "Should I stay or should I go?" as he debates resigning his post, Peter Altmaier, Germany's economy minister, feels certain that Angela Merkel's final attempt to meet Mr. Seehofer's border control demands will work.