Word: benz
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Dates: during 1970-1979
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Matters were not much clarified by Sadat, although he was hardly standing mute. Last week, behind a motorcycle escort, the Egyptian President zipped across Cairo in his Mercedes-Benz 600 to Cairo University's domed Nasser Hall; there he addressed 1,750 delegates to an Arab Socialist Union Congress assembled to celebrate the 20th anniversary of Nasser's revolution. In a remarkable wide-ranging speech that lasted four hours (see next page), Sadat alluded to the expulsion of the Russians only in meager and unrevealing phrases. Much of his address was taken up with angry denunciations of Israel...
...Though 80% of his holdings were confiscated and Flick served a five-year sentence after the war, he emerged from prison in 1950 and quietly began again. Within two decades he acquired control over more than 200 paper, steel, chemical and automobile companies, including 40% of Daimler-Benz. At his death, he was reputedly West Germany's wealthiest citizen...
...slight stoop of a man concerned with not bumping his head, he seems to like towering over everyone else. On the L.A. party circuit, only the Lakers' Wilt Chamberlain could challenge this distinction. Crichton's tastes run to the sound and costly. He has a Mercedes-Benz sedan to replace a Porsche, which he found too cramping, and recently purchased a house designed by Richard Neutra...
...cars, abated $115,000 in municipal library taxes, built a $350,000 addition to its city hall and started work on a $5,000,000 program for water-system improvements. But the most unusual advancement is one of the country's finest fleets of garbage trucks: four Mercedes-Benz trash haulers that cost $23,000 each. Can Rolls-Royce buses be far behind...
...damage to production, the strikes will have important consequences for the trading relationship between the U.S. and Europe. Reason: labor costs are rising more sharply in most of Europe than in America. At Volkswagen, wages rose 6% in 1969, 15% in 1970 and another 16% this year. At Daimler-Benz, the ratio of labor costs to total sales has climbed from 21% to 26% in the past decade. Historically, in European industry's competition for world markets, its lower wages have counteracted the U.S.'s higher productivity, which is a result of many factors, including the quantity...