Dear subscriber, good afternoon,
In our “In-House Message” newsletter, we recommend special stories from the current SPIEGEL magazine, which you as a SPIEGEL + subscriber can read digitally on Friday from 1 p.m.
We wish you a nice weekend and stimulating read.
Heartily
Your SPIEGEL + team
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Just a few weeks ago, Germany was the power center of Europe with self-confident entrepreneurs and powerful corporations. Well, most of them are in the corona crisis Shops close, in many The factory prevails ghostly calm, Millions of people fear for their jobs. How long can the country survive this? A SPIEGEL team led by reporter Thomas Schulz has researched the current situation and experienced business leaders between despair and hope. Simon Hage spoke to managers in the auto industry about how the crisis is eating its way from large corporations to dealers and customers. Martin Hesse discussed with the crisis team at the outdoor outfitter Vaude how a sustainable corporate culture can be maintained despite everything. And Gerald Traufetter accompanied Economy Minister Peter Altmaier. “In the end,” says Hage, “everyone has to admit that they cannot master the crisis without the state.”
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In December it was a rather theoretical exchange of blows. The Best-selling author Marc Friedrich warned in the SPIEGEL dispute about the “greatest crash of all time,” the Economist Peter Bofinger thought that was nonsense. Since then, some of the stock market indices have crashed by up to 40 percent. The SPIEGEL editors Tim Bartz and Armin Mahler therefore invited them to continue the Dispute one, this time via video conference. Opinions clashed irreconcilably again. “That will not go well,” says Friedrich about the rescue programs of the states and central banks. “We can do it,” believes Bofinger. Which of the two is right? “We’ll all see that soon,” says Mahler.
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The new focus of the global corona crisis is called New York City. SPIEGEL correspondent Marc Pitzke has already seen a lot here – September 11, 2001, Hurricane “Sandy”, two major blackouts. But this catastrophe, he reports, threatens to be bigger than anything that has happened so far. Pitzke accompanied several New Yorkers through everyday life in the emergency area: A doctor is fighting for the lives of Covid 19 patients and has infected himself in the process, a city councilor, Francisco Moya, warns US President Donald Trump of the risks of the epidemic and Broadway stars fear of the future with humor. Pitzke also has to reorganize his life in Brooklyn, and more and more corona cases are appearing in his circle of friends. A very personal protocol a “week that changed everything”.
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