Word: sseldorfs
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Financing the huge deal has become an even more difficult task than engineering it. For the past 24 months, Yuri Ivanov, head of the Soviet Foreign Trade Bank, has been canvassing financiers from Tokyo to Düsseldorf and Paris for loans. Already, a consortium of 20 West German banks has been assembled to provide $5.2 billion, and a group of French banks is expected to contribute $4 billion. But Ivanov is a hard bargainer. He is willing to pay only 7.75% interest over ten years, while the current market rate for such loans is 9.75%, and the term...
...issue to stir the electorate, something to pinprick the lofty image of his telegenic opponent, Chancellor Helmut Schmidt. But every time Strauss attacked, Schmidt parried, mostly by reminding voters that West had never been so prosperous or so world affairs. "I sympathize with Strauss," said a Düsseldorf banker. "He has been in the impossible position of trying to find fault with success...
...York's Guggenheim, the guru of Düsseldorf...
...uniform as immediately recognizable to his fans as Al Capone's fedora or Picasso's monkey mask. He even has a retinue of attendants, attired in cute red jumpsuits. For some years he has been one of the chief culture heroes in Germany, particularly in Düsseldorf, where he lives, teaches and, by way of extension of his social theories, sponsors an institute called the Free International University, supporting it with the large income from his work. He is seen by the right as a demented blend of gangster and clown, and by some of the less...
...Germany nearly every act can be read as political, the artist assumes the stature of a revolutionary prophet. The result is Beuys as political Luftmensch, reeling off harmless Utopian generalizations about social renewal through universal creativity, supporting the Free International University, and engaging in squabbles with the Düsseldorf Academy. This, however, is less social sculpture than social packaging. Beuys is a master of the art of self-representation, the last man to become a real celebrity (as distinct from a mere famous artist) through the medium of the art world. He is the Duchamp of the engages...