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...years. After continuing reports of increasing prices in European countries, TIME correspondents in London, Bonn, Paris and Rome carefully studied the price that Europe is paying for prosperity. Putting together evidence, from the price of steel to the fact that a glass of beer costs nearly as much in Munich as it does in Milwaukee. WORLD BUSI NESS concludes that inflation is the most serious threat to the health of Europe's economic boom. In some cases, the threads of a major trend story literally spread around the world. WORLD BUSINESS got reports from 25 cities...

Author: /time Magazine | Title: A Letter From The Publisher: Mar. 20, 1964 | 3/20/1964 | See Source »

Servant Shortage. Even the sweeping statistics do not show how substantially inflation has changed everyday life in Europe, and the extent to which it has hurt pensioners, .civil servants and others on fixed incomes. Beer now costs almost as much in Munich as in Milwaukee-170 a pint. Italian housewives have to pay 290 apiece for oranges that cost them 210 last year, and the common varieties of pasta have risen from 90 a Ib. to 130. In Paris, where the price of steak is $1.22 a Ib. (for biftek, the lean cuts from the round, rump...

Author: /time Magazine | Title: Western Europe: The Price of Prosperity | 3/20/1964 | See Source »

...last somebody has given the recognition long overdue to Munich [Feb. 28]. Your magnificently illustrated article on Germany's gateway to the south has succeeded in making me homesick, something that seven years of living abroad failed...

Author: /time Magazine | Title: Letters: Mar. 6, 1964 | 3/6/1964 | See Source »

...Munich has without a doubt the greatest zest for living and letting live of any city in the world. I know of no visitor to this paradise on the Isar who has not left a portion of his psyche "am Stachus...

Author: /time Magazine | Title: Letters: Mar. 6, 1964 | 3/6/1964 | See Source »

...years I have been trying to describe my home town, Munich, adequately to my friends...

Author: /time Magazine | Title: Letters: Mar. 6, 1964 | 3/6/1964 | See Source »

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