Word: germane
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Dates: during 1950-1959
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...world's statesmen none is more famed for steely determination than Konrad Adenauer, the autocratic octogenarian who has ruled West Germany for the past ten years. When Adenauer two months ago decided to turn the West German chancellorship over to a younger man, his countrymen assumed that that was that. But last week there was colossal confusion as the world learned that Adenauer, too, can change his mind. See FOREIGN NEWS, An Old Man's Impulse...
...Hollywood the U.S.'s No. 1 rocketeer, German-born Wernher von Braun, cast a scientific eye on Cinemactor Curt Jurgens, showed German-born JÜrgens a replica of the nose cone of the Army's Pioneer III lunar probe, which soared more than a third of the way to the moon last December. Then the pair chatted amiably about JÜrgens' role as Von Braun in a film biography to be titled / Aim at the Stars...
...bold bet on the future was the latest step in a spectacular career. The unknown son of a small Hamburg book publisher, Springer brooded out the war in the parks of Hamburg (a respiratory ailment kept him out of military service), decided that the traditionally dark, hearty brew of German journalism needed a bit of tang and a fleck of foam. He founded his empire in 1946 on the radio weekly Hör zu! (Listen), is now sole owner of three magazines (and one-third owner of two more), ranging from the gossipy Das Nvue Blatt to the Scientific...
Helping the bull markets is the fact that governments publicly encourage share ownership by the little man. The West German government has begun to sell shares of state-held companies to middle-class investors in a bold step toward denationalization (TiME. April 13). But markets are so thin that a little buying can send a stock to giddy heights. Four-fifths of West German corporate stock, for example, are locked in institutional portfolios. Companies are reluctant to float more because of heavy taxes. Daimler-Benz has 93% of its stock in the hands of institutions and other companies...
...Dutch Unilever from $143 to $153, The Netherlands' Philips' Lamps from $158 to $176, West Germany's AEG (electrical equipment) from $83 to $91. and Bayer (chemicals) from $93 to $105. One reason for particular U.S. interest in Germany: if a foreign investor holds his West German stock for more than three months, he pays no taxes, thus can use his full long-term profits for further investment...