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...West German money supply. If spent, the freshly minted DMs will have the same effect on growth as a sizable tax cut. When this new demand hits a West German economy operating close to capacity, the Bundesbank will be keeping a wary eye on developments. Bundesbank president Karl Otto Pohl calls the 1-to-1 conversion "a generous offer that went to the limit of what is economically acceptable." But he believes inflation can be contained...

Author: /time Magazine | Title: Germany: The Big Merger | 7/9/1990 | See Source »

...Never in our history have we lived so well," says former Economics Minister Count Otto Lambsdorff. Statistics bear him out. In the past three decades the supply of goods and services has quintupled and consumption quadrupled. The living standard since the '50s has improved at an annual rate of 4%. Net monthly income has expanded tenfold in that period, hourly wages almost eightfold. In the early '60s, the average family spent half its income on food and household goods; today the figure is slightly over 20%. Nearly as much -- 15% -- is devoted to leisure activities and holidays...

Author: /time Magazine | Title: Germany: The Oh So Good Life | 7/9/1990 | See Source »

...week to put Nelson Mandela's visit to the U.S. on our cover, three of the journalists who scrambled to get the story were newly arrived college interns. Michelle Ray, an editor for the University of California at Santa Barbara Daily Nexus, assembled background research for the Nation section. Otto Pohl, a student at Cornell, photographed the parade in lower Manhattan on Wednesday, then joined assistant picture editor Richard Boeth at the light table to edit the pictures. On Thursday night Robin Bennefield, who has been managing editor of the Swarthmore Phoenix, headed out to Yankee Stadium to cover...

Author: /time Magazine | Title: From the Publisher: Jul 2 1990 | 7/2/1990 | See Source »

SENIOR WRITERS: David Brand, Margaret Carlson, George J. Church, Richard Corliss, Martha Duffy, Otto Friedrich, Paul Gray, John Greenwald, William A. Henry III, Robert Hughes, Ed Magnuson, Lance Morrow, Bruce W. Nelan, Frederick Painton, Walter Shapiro, R.Z. Sheppard, Frank Trippett...

Author: /time Magazine | Title: Time Magazine Masthead: July 2, 1990 | 7/2/1990 | See Source »

SENIOR WRITERS: David Brand, Margaret Carlson, George J. Church, Richard Corliss, Martha Duffy, Otto Friedrich, Paul Gray, John Greenwald, William A. Henry III, Robert Hughes, Ed Magnuson, Lance Morrow, Bruce W. Nelan, Frederick Painton, Walter Shapiro, R.Z. Sheppard, Frank Trippett...

Author: /time Magazine | Title: Time Magazine Masthead | 6/25/1990 | See Source »

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