German Of The Day: Dax-Zombie

That means DAX zombie.

DAX

For the first time, a DAX company, Wirecard, has gone broke but won’t be kicked out of the index until September.

Wirecard has filed for insolvency, just days after a $2 billion accounting scandal at the company burst into the open, crashing its stock and leading to the arrest of its former chief executive.

The digital payments company said in a statement Thursday it had opened legal proceedings in Munich “due to impending insolvency and over-indebtedness.” Share

Mit Wirecard ist zum ersten Mal ein Dax-Konzern pleite gegangen. Aus dem Leitindex fliegen dürfte der Konzern aber erst im September.

Where On Earth Did I Put That €1.9 Billion?

I didn’t leave it in my other wallet now, did I?

Wirecard

Remember when Germany used to have that squeaky-clean image? Yeah. Me neither. Now Wirecard has stepped up to the plate.

German payments firm Wirecard says missing €1.9bn may not exist – Company thought money was in two Asian banks but search hits dead end in Philippines.

“The management board of Wirecard assesses on the basis of further examination that there is a prevailing likelihood that the bank trust account balances in the amount of €1.9bn do not exist.”

Attack On Journalists Already Long Forgotten

No self-righteous outrage here. The attackers who did the attacking were the wrong kind of attackers to attack.

Attack

They were leftist extremists and not right-wing extremists – as one is expected to expect here. And that’s harmless or cute or something. Germans in general and German media in particular are “blind in the left eye,” as the saying goes. This isn’t supposed to happen. So it doesn’t.

Authorities confirmed on Saturday that they are investigating the political motives behind an attack on the camera team of popular German satirical news show the heute-show [Today Show].

While filming on May Day, several members of the crew were attacked while filming in Berlin. Four members of the team sustained injuries severe enough to be sent to hospital. Five men and one woman were arrested.

Easy Money

A government program that’s easy to scam? Wow. That’s never happened before.

COVID

It’s not the government’s money in the end anyway so who cares, right? Money for nothing and the click’s for free.

The government of North Rhine-Westphalia, a province in western Germany, is believed to have lost tens of millions of euros after it failed to build a secure website for distributing coronavirus emergency aid funding.

The funds were lost following a classic phishing operation.

Cybercriminals created copies of an official website that the NRW Ministry of Economic Affairs had set up to distribute COVID-19 financial aid.

Crooks distributed links to their sites using email campaigns, lured users on the sites, and collected details from locals. They then filed requests for government aid on behalf of the real users but they replaced the bank account where funds were to be wired.

Business Will Soon Be Booming

Germany’s top court backs legalizing assisted suicide – In a landmark ruling, Germany’s highest court has overturned a section of the criminal code forbidding assisted suicide.

Suicide

Paragraph 217 of Germany’s criminal code had prohibited assisted suicide. The law was adopted in 2015 by Germany’s parliament, the Bundestag, to prevent associations or individuals from turning suicide into a kind of business. Specifically, the law states that “anyone who, with the intention of assisting another person to commit suicide, provides, procures or arranges the opportunity for that person to do so and whose actions are intended as a recurring pursuit incurs a penalty of imprisonment for a term not exceeding three years or a fine.”

Sterbehilfe-Vereine lassen sich ihre Dienste meist bezahlen. Bei der assistierten Sterbehilfe wird das tödliche Medikament nur zur Verfügung gestellt, der Patient nimmt es aber selbst ein.

Germans Have Some Of The Strictest Gun Control Laws In The World

Thank goodness, right? Otherwise any wack job could manage to get a gun and go around murdering innocent, unarmed people.

Hanau

This guy was also rambling on about secret underground military bases in US-Amerika where small children are being systematically tortured. See who we’re dealing with here? Or who got dealt with, I should say?

German authorities are starting to piece together exactly what happened in Hanau, when a gunman opened fire on two shisha bars.

At least nine people died in the attack which federal prosecutors are treating as an act of terrorism.

Turkish authorities say a number of those killed were of Turkish origin. Chancellor Angela Merkel said there are signs the shooter had racist motives.

Generalbundesanwalt spricht von „zutiefst rassistischer Gesinnung.”

It’s A Good Thing Germany Has Such Strict Gun Control Laws

Otherwise the death toll at this shooting would have been a whole lot higher. I assume.

Guns

The shooter did have a gun license, after all.

6 dead, 2 injured after family shooting in Germany, police say – Police were called to the scene of the shooting, in a building near the town’s main railway station, shortly after midday Friday. Some victims were shot inside the train station, while others were shot in a nearby house, local police told ABC News.

The alleged gunman, a 26-year-old man who police said had a gun license, was arrested shortly after the shooting.

$33 Billion And Counting

In fines. Up until now.

VW

But would it matter if Volkswagen paid another 30+ billion to German customers too? Who would trust this company anymore, whatever they paid? What did Warren Buffet say? “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

VW to Sound Out Settlement in German Car-Owners’ Mass Lawsuit – Volkswagen AG and German consumer group VZBV agreed to settlement talks in a court case involving hundreds of thousands of drivers who claim that their diesel cars lost value in the wake of the emission-cheating scandal.

Doctors, Lawyers, Engineers…

And organized crime professionals.

Mobsters

Germans were told time and time again starting back in 2015 that a significant number of the Syrian refugees illegally entering the country at that time were of the highest professional standing and would soon be a great enrichment for the country. I will not say that this did not happen but they could have at least mentioned the professional mobster folks too.

Newcomers from Syria, Iraq and other countries are changing the structure of organized crime in Germany, federal police representatives told the public broadcaster ARD in a new documentary set to be aired on Monday evening.

While investigating Arab-linked crime families, Germany’s BKA (Federal Criminal Police Agency) noted a rising number of suspects with foreign passports.

“In about one third of proceedings, suspects also included immigrants — and that means that we need to keep a very close eye on this phenomenon,” BKA leader Holger Münch said.

“The rule of law is under pressure.”

Germany Has Some Of The Strictest Gun Control Laws In The World

And they are designed to keep the crazy criminal types here from harming the unarmed innocents around them.

Halle

Streaming live from a camera mounted on his helmet, a gunman pushed on the doors of a synagogue, fired several shots at a lock on the door, stuck an explosive in a door jam and lit it.

But he couldn’t get in.

The fact that the door held likely spared the lives of the dozens of people inside the synagogue on Yom Kippur, the holiest day in the Jewish calendar.

Police say the gunman killed two people Wednesday in the eastern German town of Halle — one directly outside the synagogue, and one at a nearby kebab shop. Police have arrested the suspected gunman.