Word: municheers
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...World Cup tours. An assailant unsuccessfully attempted to kidnap Michel Hidalgo, the French team's manager. Nor was such violence by European protesters the only source of worry. West German officials, concerned about possible left-wing terrorism during the series, and mindful of the 1972 Olympic massacre at Munich, insisted on sending with their squad twelve members of the GSG-9 anti-terrorist commando unit that freed 86 skyjacked hostages at Mogadishu Airport last October...
When Friedrich Karl Flick wants to vent frustrations or have a little fun, he takes over as the drummer of the oom-pah-pah band at his favorite beer cellar, Munich's Franziskaner. After a few brews, he and his buddies-a motley of virile game wardens and ski instructors -get their jollies by smashing glasses against the walls and hurling tablecloths, laden with plates and cutlery, across the room. Last year Flick and friends completely wrecked Ingo's Discotheque in a boys-will-be-boys night of carousing, which ended with a brunch of beer and white...
These days Flick, a shy-looking industrialist with horn-rimmed spectacles, has a problem, and it may cause a lot more smashed crockery in those Munich beer cellars. He pocketed $1 billion when in 1976 he sold to a German bank 29% of the stock of Daimler-Benz, which makes Mercedes cars. Under West Germany's tax code, Flick has to spend all of that sum by Dec. 31 in ways that will "benefit the national economy"-or else pay 50% in capital gains and income taxes...
...optimism is everywhere. In Frankfurt, a consortium of banks offered $60 million worth of over-the-counter investment shares in a Houston office building for about $10,000 each, and in three weeks sold out the offering to customers, many of them walking in off the streets. One Munich businessman has gone into partnership with some American friends to invest in New York City. They have already picked up a loft building in SoHo and an old office building on lower Fifth Avenue. Now the group is toying with the notion of plunging into a truly speculative venture...
...soon, it turns out. In a bitterly fought election last March, hard-liners wrested control of the town council. This month the council voted 12 to 5 to keep the 1860 text, an action that prompted a Munich paper to bemoan the "ugly German" image it fosters. "We're thinking about changing a few points." said Mayor Ernst Zwink, but that will not satisfy Jews. The text is "beyond redemption." declared Rabbi Marc Tanenbaum of the A.J.C...