Journalism ⁽¹³⁾

The Scandinavian countries are proud of the image they project to the world. They are peaceful, they fulfill their international duties and they do their best to solve other countries’ problems. Is it a contradiction, then, that Norway and Sweden both host thriving defense industries? “The problem is probably not that there’s too little military equipment in the world,” says Christer Henebäck, information director at Bofors Defence. “The problem is that there’s too much.” In that case, the Scandinavian arms industry might deserve a closer look. According the Stockholm International Peace Research Institute, SIPRI, Norway is the 28th largest exporter…

When New York City's Twin Towers came plunging down on Wall Street, they brought with them the employees and offices of some 280 companies. Six banks, five brokerage houses and three insurance companies had their headquarters in the two skyscrapers, and many more rented prestigious space there. The disaster's effects on the American and global economy were significant, but surprisingly, they were neither unprecedented nor completely devastating.

Sebastian Külps swirls around in his deep desk chair and leans back, a gesture that makes him look the young, prosperous and generally hardworking man that he is. Like most of his colleagues, he is in his early thirties, male and confident. His business card says vice president, and his clothes say relaxed, yet professional. He throws a glance at the clocks on the wall, showing the time around the world. His local time there on the trading floor of J.P.Morgan's Frankfurt office is 14.30 and in New York the time is 8.30. In another half hour, Wall Street will be…