Word: frankfurts
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...Ludwig Erhard's plump cheeks fairly glisten with the new German look of wellbeing. But nine years ago he was to be found, in frazzled pepper-and-salt suit and dirty shirt, in a little hole-in-the-wall office in flaking, bomb-scarred barracks near the imposing Frankfurt headquarters from which Allied commanders bossed the U.S. and British zones of occupied Germany. "There sat the economics adviser to the conquerors,'' recalls one caller, "almost like a dog on a chain.'' The professor was a torrential talker. To all comers he talked and talked...
...goods store in town. Badly wounded by a shell at Ypres, Corporal Ludwig Erhard returned home too weak to work in the store. He stayed on at Nürnberg's Commercial College, found his vocation in economics, went on to take his doctor's degree at Frankfurt University under a liberal professor who taught that "free enterprise is the essence." One of his most vivid memories is the postwar inflation, which wiped out his parents' savings, became so bad that it took a wheelbarrow full of marks to buy a suit of clothes. The experience made...
...clannish Catholic Bavarian colleagues. No great shakes as administrator and organizer of hand-to-mouth subsistence measures, he was already wrapped up in his plans for sweeping visionary changes. He lost his post in the next ministerial shuffle. It was not till the Bizonal authorities called him to Frankfurt in 1947 that Erhard found his place, his platform and his apocalyptic powers...
...gold and foreign-exchange hoard tops $5.8 billion," more than double Britain's, and Germans have embarked on a foreign-aid program of their own ($12 million in 1957 for technical-assistance projects involving some 25 countries). This year the World Bank borrowed $100 million in the Frankfurt money market. German firms have sent $380 million abroad in direct capital investment−roughly a third to Europe, a third to Latin America, a tenth to the U.S. and 15% to Canada...
...fastest-growing segment of the West German auto industry (world's No. 2, after the U.S.) is the midget-car business. Last week crowds at the opening of the 38th International Automobile Fair in Frankfurt hurried past the halls filled with big, sleek U.S. models, slowed down only slightly in the rooms where a new Porsche hardtop convertible, a new face-lifted Mercedes, Opels, Volkswagens and other German-made regular cars were on display. They finally came to a halt and milled around in the pavilion where midget-auto makers, some of them motorcycle manufacturers, were showing a half...