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From the Petersberg, the mountain-top headquarters on the Rhine of the Allied High Commission for Germany, Konrad Adenauer and his ministers descended to their capital at Bonn. At the federal chancellery they met with the directors of the Bank Deutscher Lander, West Germany's central bank. There they agreed to cut the mark from 30? to 22 ½? to bring it into line with sterling and other devalued currencies...

Author: /time Magazine | Title: GERMANY: Struggle on a Mountain | 10/10/1949 | See Source »

This is Stalin's only available private letter, one of the few occasions when he is known to have indulged in spontaneous human sentiments. In later years he was not to waste much time with such "silly longings." As portrayed in Isaac Deutscher's painstakingly researched and austerely written biography, Stalin has spent most of his life cultivating a steel fagade and suppressing any public sign of human frailty or fraternity-proper training for a modern dictator with pretentions to omniscience...

Author: /time Magazine | Title: Books: Servant into Master | 10/10/1949 | See Source »

...lifelong colleagues were sentenced to death in the Moscow trials? What did he say when his treaty partner, Hitler, attacked Russia? No one in a position to speak freely knows, and until such questions are answered, all a biographer can do is to rework the public record. Biographer Deutscher, an ex-Communist who now writes for British weeklies, has done this with taste and scholarship. Though less exciting and brilliant than Trotsky's acrid biography of Stalin, Deutscher's book is more reliable and objective...

Author: /time Magazine | Title: Books: Servant into Master | 10/10/1949 | See Source »

Last month, Western officials cautiously started to let some money pour into West Germany's economic pool. The Bank Deutscher Länder relaxed credit restrictions by lowering the rediscount rate for its member banks. West Germany's economic boss, Dr. Ludwig Erhard, announced an 8½-billion-mark investment program for the coming fiscal year...

Author: /time Magazine | Title: International: Cautious Birthday | 7/4/1949 | See Source »

...pipes of its great 17th Century organ, contorted into weird sausage shapes; rusting German machine guns with ammunition belts still attached. On the dark walls are crude sketches of female figures traced by homesick German soldiers, and a Rhenish landscape with the caption Oh, du wun-derschöner Deutscher Rhein (Oh, you beautiful German Rhine...

Author: /time Magazine | Title: ITALY: Succisa Virescit | 9/6/1948 | See Source »

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