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...West Germany, credit is so tight that Frankfurt last week canceled plans to build a new subway system, while Düsseldorf was forced to call off construction of a new city hall, auditorium and athletic stadium. The credit squeeze is even tougher on private industry. Corporations with Triple-A credit ratings are offering 9% interest and are still unable to raise the money they need for capital expansion. Thus, capital investment this year will drop to its lowest level since World War II. Order backlogs are falling, and the rise in productivity is only half of what...

Author: /time Magazine | Title: Money: Where It Isn't | 9/2/1966 | See Source »

...last November, nine men wearing identical wide-brim hats and ankle-length overcoats, and carrying identical canvas bags, stepped off a plane in Düsseldorf and settled into a hotel in Duisburg in the industrial Ruhr...

Author: /time Magazine | Title: Trade: Busy Boats to China | 4/1/1966 | See Source »

...teen-age flak gunner in Germany during World War II. He vividly recalls the incredible light patterns of tracers and the bursts of bombs. Says he: "Fright inspires inventiveness and gives birth to giant monsters." In 1950 he helped found the Group Zero in Düsseldorf, which investigated the effects of light. On his own, he designed "light ballets" like sweeping projections of tracer beams. "I want to demonstrate that light is a source of life which has to be continuously rediscovered, to show its expansion as a phenomenal event." His Fixed Star may recall a revolving ballroom chandelier...

Author: /time Magazine | Title: Styles: The Movement Movement | 1/28/1966 | See Source »

Never on Sunday. A hostel, police are quick to point out, is not a house. Houses of prostitution were banned in Germany in 1927, but prostitution itself is condoned. Absent from the hostel are the pimps and madams of the house. In Düsseldorf's cupboard of tarts, the girls pay only for room, board and services, just as they would in a normal hotel. Moreover, their hostel is a place of immaculate order; noisy guests are ordered to leave, and drunks are not allowed in. In Stuttgart's eight-year-old Drei-Farben hostel, business...

Author: /time Magazine | Title: World: A Hostel Is Not a House | 7/23/1965 | See Source »

Resigned to the perpetuity of the old profession, West German authorities see in the hostels the opportunity they have been waiting for to get whores back, indoors. "The prostitute problem is solved in Düsseldorf," says the city's police chief happily, and police in other cities are quietly trying to promote hostels to solve their problems too. It will not be an easy task, for public opinion is often against them. In Cologne, the pastor of powerful St. Ursula's Roman Catholic Church has warned that if a hostel is ever opened he will demand...

Author: /time Magazine | Title: World: A Hostel Is Not a House | 7/23/1965 | See Source »

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