Word: muniching
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Died. Hjalmar Horace Greeley Schacht, 93, Hitler's financial wizard in the early years; in Munich. Selected by Hitler as Finance Minister in 1933, Schacht used his genius in the financing of the Führer's rearmament program. But he broke with Hitler over the Nazi invasion of Austria and was imprisoned in 1944 as a suspected conspirator against the state. Tried by the Allies as a war criminal, he was acquitted and returned to banking...
...affected the overseas hotel surge. Both Hilton and Inter-Continental use local partners as sources of funds. Loew's followed that pattern in London by taking a lease on the Churchill, a luxurious hotel that opened last month. Sheraton is building a 1,200-room luxury hotel in Munich as part of an $865 million expansion program backed by the huge resources of its parent, International Telephone and Telegraph. Sheraton's 1,000-room hotel in Paris' Montparnasse, due to open in 1974, will be France's largest; the company is also erecting hotels in Stockholm...
Georg Walterspiel, co-owner of Munich's famed old Vier Jahreszeiten, predicts that new U.S. hotels will create "murderous competition in the top class." To meet the American competition, five foreign airlines-BOAC, British European Airways, Lufthansa, Alitalia and Swissair-have teamed up with the London investment banking house of S.G. Warburg and four Eu~-ropean banks to form European Hotel Corp. The combine plans $50 million worth of hotels for the neglected low-price end of the market in London, Paris, Rome, Frankfurt, Munich and Zurich. The American challenge last month prompted a merger by two of Britain...
...visits home carried millions more in the form of washers, TV sets and bicycles. Of the workers in Germany, more than half have remained at least four years, far longer than they originally intended. "How else could I ever save 400 marks a month," asks a Turk in Munich, "and still send enough money home to support my family? Some day, at home, I will have a good farm...
...Jewish Committee termed the play "fundamentally hostile to Jews and Judaism" and released a 24-page critique to support the charge. In a separate statement, seven U.S. Christian scholars−including Catholic Raymond Brown−agreed that the script "reveals the sin of anti-Semitism." Jewish groups demanded that Munich's Julius Cardinal Dopfner boycott this year's opening. The cardinal attended anyway, but at a Mass for the actors he said: "We are all agreed that the text today needs a new version...