Word: friedrich
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West German bankers have been particularly angry. Morgan Guaranty, one of Chase's U.S. partners in the defaulted $500 million loan, went into a German court and attached Iran's 25% investment in two big German companies, Friedrich Krupp and Deutsche Babcock. Last Tuesday, a day after a terrorist bomb exploded outside the bank's Frankfurt office, Morgan obtained a second court lien on the same assets to cover yet a further Iranian debt. The German bankers had thought they would have first call on these assets if Iran failed to pay some of its German loans...
...DIED. Friedrich Ebert, 85, mayor of East Berlin from 1948 to 1967 and member of the East German Politburo; of a heart attack; in East Berlin. The eldest son of the Weimar Republic's first President, Ebert was jailed and harassed under Hitler and joined East Germany's Communist Party after the war. From 1971 until his death, he served as a deputy head of state...
...that left Bonn officials sputtering in helpless surprise, Morgan Guaranty Trust, the U.S.'s fifth largest bank and a leading creditor of the Iranian government, quietly went into an Essen court and attached Iran's 25% share of two of West Germany's best-known companies, Friedrich Krupp GmbH, a diversified steel and engineering combine (1978 sales: $5.9 billion), and Deutsche Babcock, a manufacturer of industrial equipment (1978 sales: $1.6 billion). Iranian stakes in the two companies were acquired under the Shah in 1974 and 1975, and they have a market value of approximately $270 million...
Until now, no one has attempted to explain why Clover killed herself. Adams never writes about his wife in his autobiography. From outward appearances, theirs was a childless union of matched temperaments enjoying similar tastes, opinions and well-bred friends in Boston, Washington and London. Friedrich fills that gap with a fresh supply of letters, observations and a perceptive linkage of occurrences that could have turned Clover's basic melancholia into self-destruction...
Faced with the mysteries of suicide, Friedrich tentatively offers such explanations as Freud's death drive and Emile Durkheim's theory that with the decline of Christian faith in the 19th century, suicide ceased to be a damnable act. The author seems to share Henry Adams' preference for the European 12th century and its security of belief as expressed in the glory of Gothic architecture. He does not assert that descriptions of the dark side of the Yankee mind, the haunted battlefields of the Civil War and the avarice of the Gilded Age as the disturbing context...