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News From Austria

 
¤ Two Worlds of Sliding Sports, for the Haves and the Have-Nots
A great divide exists between countries like Germany and Argentina in sliding sports in the standings as well as in financing, coaching and gaining access to the world’s 16 courses.
¤ Problem Loans Plague Banks in Austria
Austria's banking regulator said Tuesday it expected "massive" write-offs this year by the country's banks as they recognized more bad loans in Central and Eastern Europe.
¤ Austria Nationalizes Overextended Lender
Austria nationalized the local unit of a German bank on Monday after heavy losses tied to loans in Southeast and Eastern Europe had driven the overextended lender to the brink of collapse.
¤ Austria Takes Over Lender on Brink of Collapse
Austria nationalized the local unit of a German bank because of heavy losses tied to loans in Southeast and Eastern Europe.
¤ Austrian Veteran Triumphs in a Treacherous Super-G
Michael Walchhofer tamed a tricky slope and won a men’s World Cup super-G, offering a resurgent Austrian skiing team a further morale boost.
¤ Gas Pipeline in Turkey Gains European Backing
Four European governments signed an agreement with Turkey Monday for a gas pipeline that would reduce Europe’s dependence on Russian gas.
¤ Behind Bars ... Sort Of
Can a prison have glass walls, balconies, communal cooking spaces and private bathrooms and still be a prison?
¤ Vienna’s New Opera House Since 1801
The Theater an der Wien, where Beethoven slept rent-free, continues as a boutique operation.
¤ Polaroid Lovers Try to Revive Its Instant Film
An Austrian entrepreneur and a group of Dutch scientists hope to resurrect a retro form of photography.
¤ Life Sentence in Austria Incest Case
The sentence for Josef Fritzl, 73, brought to a close a sensational tale of incest in a homemade basement dungeon.
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