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Investors Betting on More ECB Stimulus

Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.

Asian Markets Wobble on U.S. Drop, China Worries

The region extended its slump Wednesday, after U.S. stocks tumbled on persistent concerns about the strength of China’s economy.

China Imposes New Controls to Keep Money From Leaving Country

China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep funds at home.

Lego Profit Boosted by Asia

Danish toy maker Lego outpaced the growth for building sets in the wider U.S. toy market, booking a 31% jump in first-half profit and a 23% rise in revenue.

Analysis

Clashing Interests Hamstring EU Response to Crisis

Europe’s migrant struggle highlights the chasm between Europe’s principles and its ability to live up to them.

Conglomerate Honeywell Finds Love Amid the Breakups

Investors have rewarded Honeywell, even as other conglomerates have been pressured to tighten their focus.

EU Set to Extend Sanctions on Russians, Ukraine Rebels

The EU is set to roll over sanctions targeted against almost 200 Russian and Ukrainian-separatist individuals and firms to keep pressure on Moscow to fully implement the Minsk cease-fire terms by year end.

McDonald’s Plans All-Day Breakfast

McDonald’s is embarking on its biggest operational change in years with plans to offer breakfast all day. 77

Russian Airline Aeroflot to Take Control of Carrier Transaero

Russia’s largest airline, state-controlled Aeroflot, will take control of the country’s No. 2 carrier Transaero in a government-brokered deal to stave off bankruptcy at the heavily indebted company.

Uber Drivers’ Suit Granted Class-Action Status

A federal judge has granted class-action status to a lawsuit claiming Uber Technologies treats its drivers like employees without providing health benefits and paying for expenses normally covered by an employer. 128

‘Super-Sizing’ Natural Gas Output

Applying newer fracking techniques to a prolific natural-gas region that straddles Louisiana and Texas could give the U.S. more—and much cheaper—supplies of the fuel for many years. 53

Amgen to Help Develop Novartis’s Pipeline of Alzheimer’s Drugs

Novartis AG will share the risks and rewards as Amgen Inc. will help develop its pipeline of experimental Alzheimer’s disease drugs.

Commodity Drop Slows Canada Down

Canada’s woes are a harbinger of what could come for a small clutch of advanced economies that rely heavily on commodity exports, and demand from China, for their economic growth.

South African Gold Faces Uncertain Future

South Africa’s gold mining industry must undergo radical change to cope with falling prices, intensifying labor disputes and the surging cost of ever-deeper exploration.

Market Bets Abound, but Where Are the Banks?

Goldman Sachs and its big-bank peers have sharply reduced their market exposure, making them relatively absent from trading in the latest volatility.

As Wall Street brims with tales of hedge-fund fortunes made and lost amid recent market gyrations, banks have been stuck on the sidelines, hamstrung by postcrisis rules governing what risks they can take.

Portuguese Central Bank Ends Talks With Anbang Over Novo Banco Sale

Portugal’s central bank will now enter talks with another bidder for the Portuguese bank created out of failed lender Banco Espírito Santo last year.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

Main Suspect in Bangkok Bombing Arrested

Thailand’s prime minister said security forces arrested a man whom they believe to be the primary suspect in the bombing of a shrine in Bangkok last month.

Pope to Make It Easier for Priests to Grant Pardons for Abortion

Pope Francis will make it easier for priests to forgive women for having had abortions, and those who assisted, during a “year of mercy” starting Dec. 8. 582

Lebanese ‘YouStink’ Activists Occupy Minister’s Offices

Members of a grass-roots antigovernment movement occupied the offices of the environment minister in Beirut to press their demands for his resignation.

Technology

Intel Bets New Chips Will Revive PC Sales

Intel is overhauling its flagship line of computer chips in a high-stakes bid to revive personal-computer sales.

U.S.

Sidney Blumenthal, center, a longtime Hillary Clinton friend who was an unofficial adviser while she was secretary of state, takes a lunch break during a private session of the House Select Committee on Benghazi in Washington in June.

Emails Point to Large Role for Clinton Adviser

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 70

U.S. Report Sees Economic Benefit in Allowing Oil Exports

Lifting the nation’s four-decade ban on oil exports wouldn’t raise gas prices and could help lower them, a government study concludes.

Video

Hungary Stops Migrants Boarding Trains To Germany

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Ukraine Protest Blast Kills Officer, Injures Dozens

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Body Count Rises in Migrant Effort to Reach Europe

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Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Die olle Spree rostet

Früher, da war die Berliner Wasserwelt noch in Ordnung. „Ja, käm´s Berliner Kind hinaus ins Glücksland ohne Weh, es kehrt zurück ins Vaterland am grünen Strand der Spree“, heißt es einem Volkslied. So richtig sauber ist die Spree in der Hauptstadt schon lange nicht mehr, aber immerhin springen ab und an betrunkene Touristen kopfüber in die Fluten, während die Einheimischen an künstlich mit Sand  aufgeschütteten Strandbars genüsslich ihren Cocktail schlürfen und sich über die Aussicht freuen. Mit der Idylle könnte es jedoch bald vorbei sein, denn vom Eisenocker eingefärbte Fluten aus Brandenburg drohen der Spree den Garaus zu machen. Die Grünen im Bundestag machen die rot-braune Brühe jetzt sogar zum Politikum.

dapd
Kahnfährmann Roland Scherz fährt im Naturhafen Ragow/Lübbenau mit seinem Kahn durch die rostbraune Spree.

Es sind wohl vor allem die Hinterlassenschaften des Bergbaus, die zur Verfärbung der Spree führen. Experten sprechen von einer „Verockerung der Spree“, man kann auch einfach sagen: Die olle Spree rostet. Mit der Entrostung ist die Lausitzer und Mitteldeutsche Bergbau-Verwaltungsgesellschaft (LMBV) befasst. Das Unternehmen ist grundsätzlich für die Sanierung der stillgelegten Tagebaue und Veredlungsbetriebe zuständig und hilft Hausbesitzern zur „Gefahrenabwehr beim Grundwasserwiederanstieg“ auch schon mal, ihr schmuckes Eigenheim in die Höhe zu hieven.

Bei der Spreerettung hatten sich die Verantwortlichen zunächst verhoben, eine Studie zu dem Rostproblem wurde erst unter Verschluss gehalten, auf öffentlichen Druck hin jetzt aber veröffentlicht. Bei Sätzen wie „Das Grundwasser des Untersuchungsgebietes ist mit einer mittleren Säurekapazität KS4,3 überwiegend zwischen 0,0 und 0,5 mmol/L im unbelüfteten Zustand natürlicherweise nur schwach gepuffert“ hätte man sich die Veröffentlichung auch sparen können. Immerhin schimmert auf den fast 380 Seiten der Studie zwischen Diagrammen und Fachchinesisch auch für den Laien erkennbar durch: Die Sanierung der Spree ist schwierig, und sie dürfte vor allem sehr teuer werden.

Bollwerke müssten unter anderem neu gebaut oder verstärkt werden, um die Ausbreitung der schmutzigen Brühe zu verhindern. Von mehreren Millionen Euro Steuergeldern an Kosten ist die Rede. Noch ist der rotbraune Schlamm nicht im inneren Spreewald angekommen. Das wäre eine Katastrophe für den Tourismus, tausende Arbeitsplätze stehen auf dem Spiel.

Politisch ist die ganze Sache brisant. Das einschlägig vorbelastete Brandenburg will ungerne mit einer braunen Brühe in Verbindung gebracht werden, selbst wenn diese einen Rotanteil hat. Und Regierungschefin Angela Merkel von der CDU wäre wohl wenig erfreut, flösse plötzlich rot-braunes Wasser an ihrem Kanzleramt vorbei. Da ist es dann gemäß politischer Farblehre durchaus passend, dass ausgerechnet die Grünen die rot-braune Pest zum Anlass nehmen, im Bundestag eine Kleine Anfrage an die schwarz-gelbe Regierung zu stellen.

Am Valentinstag wurde die Anfrage veröffentlicht, stolze 20 Fragen wollen die Öko-Parlamentarier beantwortet haben. „Welche Maßnahmen müssen aus Sicht der Bundesregierung gemeinsam mit den Landesregierungen in Berlin und Brandenburg eingeleitet werden, und auf welche Art und Weise kommen die erforderlichen Abstimmungen zustande?“, möchten die Grünen unter anderem wissen.

So einfach kommt der Bund aus der Sache nicht raus. Der Staat ist Anteilseigner der LMBV, Aufsichtsratsvorsitzender ist Ministerialrat Bernd Hartmann aus dem Bundesfinanzministerium. Völlig unbestätigt sind allerdings Gerüchte, Finanzminister Wolfgang Schäuble habe den Bau eines Systems zur Filterung des Eisens angeregt, um mit dem Erlös des Rohstoffverkaufs die Haushaltssanierung voranzutreiben. Von 2.500 Tonnen angeschwemmten Metalls jährlich ist in Medienberichten die Rede. Je nach Güte des Materials lassen sich damit zwischen einer halben und einer Million Euro erzielen. Keine große Summe, aber – wer rastet, der rostet – ein erster Schritt.

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    • Fakt ist auch, dass die Spree und der Spreewald in dieser Situation auf die aufbereiteten Sümpfungswässer des aktiven Bergbaus in qualitativer und quantitativer Hinsicht mehr als sonst angewiesen sind. Da es die Eisenbelastung derzeit eindämmt und komplette Teileinzugsgebiete der Niederung versorgt. Ein funktionierendes System, zwar vor Jahrzehnten auch bergbaubedingt eingeführt - derzeit jedoch unverzichtbar, sich gegen ähnliche Situationen zu wappnen.

    • Hinzuweisen wäre auf die Rolle des Energiekonzerns Vattenfall, der fünf Braunkohlentagebaue in der Lausitz betreibt. Die tragen zwar bisher noch wenig zur Eisenbelastung bei. Doch wenn später auch dort das Grundwasser wieder ansteigt, verursachen sie dieselben Probleme wie die stillgelegten DDR-Tagebaue heute. Jeder neue Braunkohlentagebau verlängert das Problem um Jahrzehnte.

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Investors Betting on More ECB Stimulus

Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.

Asian Markets Wobble on U.S. Drop, China Worries

The region extended its slump Wednesday, after U.S. stocks tumbled on persistent concerns about the strength of China’s economy.

China Imposes New Controls to Keep Money From Leaving Country

China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep funds at home.

Lego Profit Boosted by Asia

Danish toy maker Lego outpaced the growth for building sets in the wider U.S. toy market, booking a 31% jump in first-half profit and a 23% rise in revenue.

Analysis

Clashing Interests Hamstring EU Response to Crisis

Europe’s migrant struggle highlights the chasm between Europe’s principles and its ability to live up to them.

Conglomerate Honeywell Finds Love Amid the Breakups

Investors have rewarded Honeywell, even as other conglomerates have been pressured to tighten their focus.

EU Set to Extend Sanctions on Russians, Ukraine Rebels

The EU is set to roll over sanctions targeted against almost 200 Russian and Ukrainian-separatist individuals and firms to keep pressure on Moscow to fully implement the Minsk cease-fire terms by year end.

McDonald’s Plans All-Day Breakfast

McDonald’s is embarking on its biggest operational change in years with plans to offer breakfast all day. 77

Russian Airline Aeroflot to Take Control of Carrier Transaero

Russia’s largest airline, state-controlled Aeroflot, will take control of the country’s No. 2 carrier Transaero in a government-brokered deal to stave off bankruptcy at the heavily indebted company.

Uber Drivers’ Suit Granted Class-Action Status

A federal judge has granted class-action status to a lawsuit claiming Uber Technologies treats its drivers like employees without providing health benefits and paying for expenses normally covered by an employer. 128

‘Super-Sizing’ Natural Gas Output

Applying newer fracking techniques to a prolific natural-gas region that straddles Louisiana and Texas could give the U.S. more—and much cheaper—supplies of the fuel for many years. 53

Amgen to Help Develop Novartis’s Pipeline of Alzheimer’s Drugs

Novartis AG will share the risks and rewards as Amgen Inc. will help develop its pipeline of experimental Alzheimer’s disease drugs.

Commodity Drop Slows Canada Down

Canada’s woes are a harbinger of what could come for a small clutch of advanced economies that rely heavily on commodity exports, and demand from China, for their economic growth.

South African Gold Faces Uncertain Future

South Africa’s gold mining industry must undergo radical change to cope with falling prices, intensifying labor disputes and the surging cost of ever-deeper exploration.

Market Bets Abound, but Where Are the Banks?

Goldman Sachs and its big-bank peers have sharply reduced their market exposure, making them relatively absent from trading in the latest volatility.

As Wall Street brims with tales of hedge-fund fortunes made and lost amid recent market gyrations, banks have been stuck on the sidelines, hamstrung by postcrisis rules governing what risks they can take.

Portuguese Central Bank Ends Talks With Anbang Over Novo Banco Sale

Portugal’s central bank will now enter talks with another bidder for the Portuguese bank created out of failed lender Banco Espírito Santo last year.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

Main Suspect in Bangkok Bombing Arrested

Thailand’s prime minister said security forces arrested a man whom they believe to be the primary suspect in the bombing of a shrine in Bangkok last month.

Pope to Make It Easier for Priests to Grant Pardons for Abortion

Pope Francis will make it easier for priests to forgive women for having had abortions, and those who assisted, during a “year of mercy” starting Dec. 8. 582

Lebanese ‘YouStink’ Activists Occupy Minister’s Offices

Members of a grass-roots antigovernment movement occupied the offices of the environment minister in Beirut to press their demands for his resignation.

Technology

Intel Bets New Chips Will Revive PC Sales

Intel is overhauling its flagship line of computer chips in a high-stakes bid to revive personal-computer sales.

U.S.

Sidney Blumenthal, center, a longtime Hillary Clinton friend who was an unofficial adviser while she was secretary of state, takes a lunch break during a private session of the House Select Committee on Benghazi in Washington in June.

Emails Point to Large Role for Clinton Adviser

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 70

U.S. Report Sees Economic Benefit in Allowing Oil Exports

Lifting the nation’s four-decade ban on oil exports wouldn’t raise gas prices and could help lower them, a government study concludes.

Video

Hungary Stops Migrants Boarding Trains To Germany

1:46

Ukraine Protest Blast Kills Officer, Injures Dozens

0:45

Body Count Rises in Migrant Effort to Reach Europe

1:38