"The local government sector in regions such as Bavaria, Baden-Wuerttemberg or Saxony report consistently favourable financial indicators. However, entities located in other regions like Saarland, Rhineland-Palatinate or Nordrhein-Westfalen perform more weakly," says Harald Sperlein, a VP-Senior Analyst at Moody's. In Bavaria (Aaa, stable) and Saxony (not rated) the local government sector achieved strong aggregate financial surpluses as percentage of total revenues, while the sector in Read more [...]

© 2016 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS RATINGS AFFILIATES (“MIS”) ARE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND CREDIT RATINGS AND RESEARCH PUBLICATIONS PUBLISHED BY MOODY’S (“MOODY’S Read more [...]

Pep Guardiola has apologised for increasing the pressure on Premier League bosses. The Bayern Munich manager announced he will leave Bavaria at the end of this season in order to take a job in the English top flight. Rumours have since circulated of a switch to Manchester City, although Manchester United, Arsenal and Chelsea have also been touted as possible destinations for the former Barcelona boss. "I am sorry," Guardiola said. "Normally, in my career as a trainer, as a player, I respect Read more [...]

I am not an anti-government type. In fact, I'm pretty much pro-government. In other words, you usually won't see me taking over some federal wildlife preserve in protest of anything our government is doing. (And if I do, I'm bringing snacks and beer.) But certain things that certain governments do irk me from time to time, especially when it comes to beer. Perhaps I might have to get a malt militia together and take over a brewery. I'm all for reasonable regulation. Many regulations Read more [...]

Leave it to David Bowie to take the coolest mug shot of all time. David Bowie was the original hot mug shot guy https://t.co/Lq2XEYslpq pic.twitter.com/6vqP1vZekl — HuffPostEnt (@HuffPostEnt) January 11, 2016 The legendary artist and style icon died Sunday at the age of 69, and the Democrat Chronicle is taking a look back at the arrest that led to his chic mug shot. On March 21, 1976, hours after performing at the War Memorial Arena in Rochester, New York, cops from the vice squad arrested Read more [...]

In the wake of his death, it’s hard to know which Bowie to pay tribute to, since we knew so little about the nucleus that was shared by each of his personas. Most people have taken the safe and probably right path and eulogized them all at once—it’s not as if we lost one man, but a dozen. In doing so, we can’t help but emphasize Bowie’s otherness. That’s especially true when tributes focus on Ziggy Stardust and the Man Who Fell to Earth, the alien Bowie, whose place was always somewhere Read more [...]

HOHENFELS, Germany (Jan. 11, 2016) -- Every day on the drive to school, Read more [...]

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"We all know there is a danger of attacks in all of Europe and also in Germany and here in Bavaria".(Photo by Johannes Simon/Getty Images) MUNICH, GERMANY - JANUARY 01: A police officer speaks to a group of young men in front of Munich main station on January 1, 2016 in Munich, Germany.The Bavarian capital is home to the Oktoberfest, visited by 6 million people every year, and the annual Munich security conference, attended by the foreign ministers of all the major global powers. "There is, as Read more [...]

Police in Munich, Germany, evacuated two train stations on Thursday night after indications of a planned attack. Bavaria’s Interior Minister Joachim Herrmann said police received intelligence the group was planning a massacre with five to seven suicide bombers as revelers welcomed in the New Year. Referring to the Munich scare, Mr Herrmann said the authorities “have Read more [...]