Word: basel
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...moment, been upstaged by the selective prosperity of Reaganomics. But like many well-known experts, Erdman continues to prosper by being wrong. His writing career was in fact launched by an international banking blunder. That was in 1970, when he was vice chairman of the United California Bank in Basel, where officials participated in some ruinous commodity trades. The Swiss government concluded that he had transgressed the country's financial code and threw him in jail for ten months...
Erdman, who has a degree from the Georgetown University School of Foreign Service and a Ph.D. in economics from the University of Basel, did what many other gifted men have done when confronted with enforced leisure. He wrote a novel. The Billion Dollar Sure Thing (1973) involved the President of the U.S. and his Secretary of the Treasury in a frantic effort to save the international monetary system. It was short on narrative technique but long on expertise. There was no panting sex, and the sharks wore three-piece suits. Yet Erdman, like Bernie Cornfeld, another tarnished golden...
Environmentalists were also critical of Sandoz, Switzerland's second largest chemical company. At a meeting called in Basel to discuss the incident, protesters pelted company officials with dead eels. The firm finally admitted that it had underestimated the risk of such an accident and confirmed that Sandoz officials had decided not to act on some recommendations, made five years earlier by an insurance company, to improve warehouse safety. Company spokesmen insisted, however, that Sandoz had broken no laws in storing the chemicals...
...Rhine, however, those measures may be too late. Scientists say the accident has biologically devastated the river along a 180-mile stretch north of Basel. Perhaps the most damage was done by several hundred pounds of the mercury-based fungicide Tillex, which settled into the riverbed just downstream from the Sandoz warehouse. It will have to be dredged up as soon as possible, Swiss authorities said, or the current may wash it farther downstream. "The Rhine will be dead for years to come," said Professor Ragnar Kinzelbach of the Technical University in Darmstadt, West Germany. Although locks and floodgates were...
...authorities claim to have found the trail of the elusive Turk while pursuing a routine heroin investigation. In a secret international arrest warrant issued through Interpol, the international police organization, Swiss magistrates have charged Celik with running a small-time heroin ring between Istanbul and the Swiss city of Basel...