Economy
Although Mamer has developed mainly as a residential area, it has also experienced substantial progress in industry and commerce. Its most successful private company, Ceratizit (formerly Cerametal), now with some 950 employees, has become a world player in hard materials for wear protection and cutting tools. There are also a number of construction companies in the area, a laundry, a company specializing in computer storage and data protection, a branch of the huge GlaxoSmithKline pharmaceuticals company as well as a private investment bank and some smaller financial institutions and consultants. In addition, the commercial development area between Mamer and Capellen has attracted a number of sophisticated stores and a substantial amount of new office space.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)