Word: ans
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Dates: during 1980-1989
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An Antipodal Acquisitor. In 1983, in the midst of his glory days, Alan Bond's sloop Australia II captured the America's Cup. In the same determined manner, Bond, 51, has run up more than $3 billion of debt in recent years while capturing a global empire of properties ranging...
As the Roaring Eighties reach an end, the verdict on raiding is becoming clear. Defenders of the practice insist that raiders have made U.S. industry more competitive by forcing bloated companies to slim down and shape up. Yet the towering debt loads piled up during the raider era -- by both...
Although it has long been famously neutral, Switzerland, as an English scholar once wrote, "has been in a state of war every weekend since 1945." The gibe has more than a little truth to it. On weekends rifle ranges around the country resound with the din of thousands of Swiss...
In a referendum, 35.6% of voters backed a proposal to abolish the military. The results shocked the country's political and military establishment. Few expected the measure to garner more than 25% of the tally. President Jean- Pascal Delamuraz once called the initiative "an idiocy as big as the Matterhorn...
Dismantling an army, of course, is an extraordinary step. The only precedent is provided by Costa Rica, which discarded its military in 1949. In Switzerland any such development would change the fabric of the nation, given the unique and even mythic status the army enjoys. For a country that has...