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...playing second fiddle in Britain's Conservative Party these days, but former Prime Minister Edward Heath still calls the tune occasionally. Heath, who was ousted as head of the Conservatives in February, made his continental debut as a symphony conductor last week before sellout audiences in Bonn and Cologne. At the invitation of Maestro André Previn, Heath led the London Symphony Orchestra through a 15-minute performance of Elgar's Cockaigne overture while West German TV cameras recorded the event. "Scintillating," applauded Bonn's General-Anzeiger. "Heath probably took Richard...

Author: /time Magazine | Title: People, Apr. 28, 1975 | 4/28/1975 | See Source »

...inflation rate from 7.8% in December 1973 to 5.8% in February. But again, the effort has been costly. Industrial production is now declining at an annual rate of about 10%, and, according to the OECD, unemployment hit 3.6% in January, more than double that of a year earlier (the Bonn government, calculating on a different basis, puts the jobless rate in February at 5.1%). Last December the government embarked on a moderately reflationary course, offering tax credits for industrial investment, lower interest rates and various subsidies to create more jobs. But consumer demand remains flat, and few nongovernment experts look...

Author: /time Magazine | Title: THE RECESSION: A Costly and Worsening Global Slide | 4/14/1975 | See Source »

Occupying Powers. Government authorities set up crisis centers in Bonn and West Berlin, and police launched a search for Lorenz and his kidnapers, also broadcasting an appeal over nationwide television for "convincing evidence" that Lorenz is still alive. On Saturday an anonymous caller told C.D.U. headquarters that Lorenz would be released after all demands had been met, but there was no way of knowing if the caller was really one of the kidnapers. Lorenz also sent two letters to his wife saying that he was well and hoped to be with her soon...

Author: /time Magazine | Title: WEST GERMANY: Living Dangerously in Berlin | 3/10/1975 | See Source »

...Werft's Kiel shipyards produce "special ships" (read: submarines) for Latin America, while the state-owned Fritz Werner corporation exports entire ready-to-roll munitions factories. Bonn's Leopard tank is highly regarded: Washington may test an advanced Leopard, along with prototypes by General Motors and Chrysler, in a competition to select the U.S. Army's main battle tank for the 1980s...

Author: /time Magazine | Title: ARMAMENTS: THE ARMS DEALERS: GUNS FOR ALL | 3/3/1975 | See Source »

West Germany's Gerhard Mertins, who was frequently used by Bonn in the 1960s to export arms when political considerations prevented the government from doing so itself, is now a specialist in Middle East weapons requirements. Another freelance supplier, California's Michael Kokin, boasts that his company can "clothe a naked army, put it in the field and provide spare parts for its weapons...

Author: /time Magazine | Title: The World: The New Zaharoffs | 3/3/1975 | See Source »

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