Word: anstalt
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Dates: during 1950-1959
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...other European countries, where free enterprisers have long livened the state-controlled air (and reaped the income of commercials). Example: French broadcasters have set up a commercial station beyond the reach of French regulation in tiny Andorra. Free Enterpriser Fogh incorporated himself in Liechtenstein as "Internationale Merkur Radio Anstalt," bought an ancient, 100-ton freighter and fixed her up with Panamanian registry, a 36-kw. transmitter, a towering g8-ft. antenna. He tapes programs in a suburban villa near Copenhagen, ferries them out to sea in his own cabin cruiser...
Died. Baron Louis de Rothschild, 72, sportsman, patron of art and science, former head of the Austrian branch of the international banking family; of a heart attack; in Montego Bay, Jamaica. When the Credit Anstalt, the family's Vienna bank and Central Europe's biggest financial house, failed in 1931, Rothschild handed over $10 million of his private fortune to the Austrian government to help cover losses. Held for a year by the Gestapo after Hitler's Anschluss, he was released after payment of a $21 million "ransom...