KNOWLEDGE@WHARTON
Feb 11, 2016
Much has been written about World War II, and yet there are some stories that haven’t been told when it comes to the Nazi war strategy: Adolf Hitler’s war machine would have collapsed if Germany hadn’t financed it with some of the biggest gold heists in history.
According to George M. Taber, author of Chasing Gold: The Incredible Story of How the Nazis Stole Europe’s Bullion, what Hitler looted from several countries would be worth $19 billion today. Taber, a former business editor of Time magazine and founder of the weekly newspaper NJBIZ, recently talked with Knowledge@Wharton about Hitler’s epic theft of sovereign and private gold to finance his imperialistic ambitions.
An edited transcript of the interview appears below.
China’s Film Industry: A Blockbuster in the Making
Knowledge@Wharton
Feb 17, 2016
While stories about China’s economy centers on a slowdown, China’s passion for movies, at home and abroad, follows a much more optimistic plotline. Its growth has been phenomenal, outperforming China’s traditional industries, such as manufacturing. Many experts believe China is on track to have the largest film audience in the world –- and by one estimate as early as 2020.
“The entertainment industry is a sunrise industry in China, while the steel industry is a sunset industry. The growth potential for the entertainment industry is still huge, despite a high growth rate of 17% [per year] in the past five years,” says Z. John Zhang, Wharton marketing professor. Already, the media and entertainment industry is worth $180 billion in China, he adds, and the number is only expected to get larger.
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