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Germany

Bidding Farewell To Germany's Bare-Chested Cover Girls

Mega-selling tabloid Bild has bumped buxom "dream girls" from the front page. Readers will now have to dig deeper into the daily to find the signature images, which enjoyed top billing for 28 years. All that's left on page one a

Manuel Brug

BERLIN -- Sure, we knew that changes were afoot at Axel Springer, the Berlin-based publisher that also produces Die Welt. But we couldn't have imagined it would all end like this, with "Eva from Poland" and then… nothing. No more bare-breasted cover girls. Just boring old headlines.

In 2010, Axel Springer announced that its "Opportunities: Equal!" project aimed within five to eight years to double the number of women in management positions, which was 16% at the time of the announcement. Two years later the company is moving right along. Springer's management is now 25% female. Praiseworthy indeed.

Nevertheless, the news that broke March 8, International Women's Day, washed over Germany like a bucket of cold water: Bild, the Springer flagship paper, was going to bury its famous Page-One models somewhere deep within the inner pages of the paper. A first victim of the quota, much regretted in many quarters. Another reason to wrangle with the European Union!

In Great Britain, the Sun started featuring its "Page 3 Girl" – girls whose impressive breasts provided the mother of all melon metaphors -- in 1970. Fourteen years later, in 1984, Bild took things a step further, putting "Miss Vienna" on the bottom half of its front page. And now, some 5,000 Page-1 girls and innumerable fruit & vegetable comparisons later, it's all over?

Banishing the "dream girl"

We still can't believe that whole last issue: it was surreal, a bad dream, with Eva from Poland's picture accompanied by the words "Ich bin die Letzte" (I am the last one) right there along with soccer news and coverage of President Christian Wulff's final day in Schloss Bellevue, the presidential residence, after he was forced to resign.

All those Ginas, and Brittas and Lisas over the years – for convenience sake referred to as "Mieze" (the "chick") by Bild editors. Even senior Springer columnist Franz Josef Wagner wrote: "I think the editor-in-chief of Bild is crazy. How can he banish the dream girl?"

Are we really in for just plain old Bild headlines now? Things like "Man in Cemetery Killed with Grave Lantern" or "Dog Found Cooked"? On its website, Bild promises more "hot erotica" in the future. No doubt they're lying. Who believes Bild, anyway? The paper says it wants to remain sexy, that it will continue to run Mieze imagery. Only now the pictures will be "more modern, and better packaged" -- and worst of all, not on Page One.

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Economy

How SVB Is Different Than Lehman — And Not Different Enough

The fall of Silicon Valley Bank revives memories of Lehman Brothers' bankruptcy. The two situations have some fundamental differences, but there is enough in common that the risks that SVB could spark a new global financial crisis is very real.

Photo of a person in front of a Silicon Valley Bank

A Silicon Valley Bank (SVB) branch office in Pasadena, California

Jean-Marc Vittori

-Analysis-

PARIS — In finance, brands can be the omens of disaster. On Monday, April 2, 2007, New Century Financial collapsed. The fall of this "financial institution of the new century," which had failed to properly assess risks, was the true starting point of the great financial crisis that culminated 18 months later with the bankruptcy of Lehman Brothers.

On Friday, March 10, 2023, Silicon Valley Bank (SVB) was shut down by U.S. authorities following the largest bank run in history. Its clients wanted to withdraw $42 billion in a single day.

The closure of the Silicon Valley bank was a result of disastrous management, but also from its central role in a start-up ecosystem that's been weakened by a scarcity of money.

The key question is: Is this closure the starting point of a new crisis?

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