The word Finanzkrise has been used in the past months to describe the state of the World economy.

But generally it is used to refer to any form of crisis in the finance markets.  It is, for example, used to describe the inflation of 1929 but also the situation in the Netherlands in the 1630s.

It was selected by the Gesellschaft für deutsche Sprache to be the “Wort des Jahres” (Word of the Year) in 2008.

Coupled with this is the “Unwort des Jahres” of the same year: Notleidene Banken.

This term is ironically used to talk about the banking situation in 2008, as many banks had to be “rescued” by their relevant national governments.

Previously many banks had been making large profits and even after the crisis were still paying their managers high bonuses, whilst at the same time accepting state help.

To hear a simple explanation and a short discussion in German, listen to the podcast:

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The word Herdprämie is a term that is often used in the media to refer to a scheme planned by the German Government to reward parents who stay at home to look after their children.

There have been several versions on this plan, with most of the ideas resulting in parents receiving a set amount of money in some form or other, which they can either keep if they stay at home to look after their children before they reach school age, or to spend on a place at a Kindergarten.

A cynical view of this is that it means paying mothers for spending more time in the kitchen, hence the Prämie (premium, ie. reward) for being at the Herd (cooker).

To hear a simple explanation and a short discussion in German, listen to the podcast:

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Freiwillige Ausreise is a term that is used to refer to a method of sending asylum seekers back to their home countries.

For those who have had their asylum applications turned down, this is the chance to leave the country “voluntarily”, rather than go through the appeals process and possibly be deported.

To hear a simple explanation and a short discussion in German, listen to the podcast:

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Entlassungsproduktivität is another word used in Business Administration.

It is used to describe the situation when a company improves their productivity by reducing the size of their workforce.

Various theories exist as to how this comes about.  It may be that by making some people redundant, the others try to protect their jobs more by working harder.  On the other hand, it may be that the people who lost their jobs were, by chance, the unproductive ones holding the others back.

To hear a simple explanation and a short discussion in German, listen to the podcast:

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Humankapital is a term that is often used in Business Administration.  It refers to the value of employees in a company.

There are different ways of using it and thus calculating that value.  One way means the amount that an employee costs, eg. their salary, telephone, computer, insurance.

Used positively, it can refer to the value that an employee has because of their knowledge and motivation.

To hear a simple explanation and a short discussion in German, listen to the podcast:

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