Word: krupp
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HUGE MINERAL DEPOSITS have been uncovered in U.S.S.R. and West Germany. Russia claims discovery of "tens of billions of tons of iron ore" near Western Siberia's River Ob, if true, a richer field than world's biggest known iron deposits near Lake Superior. In Germany, Krupp has found major coal seam, will soon start country's first big coal-mining project since 1939, aims to mine 2,000,000 tons a year eventually...
...Divorced. Alfried Felix Alwin Krupp von Bohlen und Halbach, 49, munitions-rich head of the German industrial dynasty; by Vera Krupp, 47, German-born U.S. citizen, onetime New York socialite and part owner of Las Vegas' New Frontier casino; after four years of marriage, no children; in a defaulted suit which allows her no claim to Krupp's $150 million holdings; in Las Vegas...
...Besides, an arms industry so close to the Iron Curtain could be knocked out by a few Russian bombs, or occupied in a matter of days. Big manufacturers who would have to make the tanks and heavy guns have all the peacetime business they can use, and firms like Krupp want no part of the risk and none of the stigma of becoming munitions makers again. Furthermore, weapons are in a transitional stage, and Germans do not want to commit themselves to large-scale production until the weapons of the future have taken clear shape...
...East-West German trade flows at the rate of $276 million a year. No fewer than 1,589 top West German industrial firms, led by Krupp, offered their wares at the Soviet zone's spring Leipzig Fair...
Word leaked out that German Munitions Magnate Alfred Krupp von Bohlen und Halbach, barred from the U.S. as a convicted Nazi war criminal, nonetheless visited New York City last month. It was not his fault. Flying from London to the Bahamas for a vacation, Krupp was plunked down by surprise in the U.S. when his plane developed engine trouble. To ease its passengers' eight-hour delay, British Overseas Airways Corp. arranged a Manhattan sightseeing tour, dragged visaless Krupp along despite his spirited protests. After a gander at the United Nations headquarters, the Statue of Liberty, the TIME & LIFE Building...