Check out Amiland (also on my blogroll). The site is a useful attempt to provide a view, in English, of how the mainstream German press reports on the U.S. The author is particularly interested in distortions, bad translations, and German moralisms masquerading as objective reporting.

The word "Amiland" is slang for the U.S.: "Ami" is short for "American," and "-land" is, well, "land." I never sensed any particular meaning for the word itself -- it's an informal word that can be used in a derisive fashion, but it also can be used with affection.

Link from Andrew Sullivan (I think) by way of John Gould.