Word: basel
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...Soviet Union has publicly taken a hands-off attitude toward the debts of its satellites. Records of the Bank for International Settlements in Basel, however, show increases in Soviet borrowings and steep drops in its foreign currency reserves. Says a highly placed international financier: "Part of this activity is clearly being used to bail out Poland." Bankers in New York City also say that the Soviets are helping the Poles pay their debt-servicing charges...
...typecast for the role of European professor: hair askew, glasses perched precariously on nose, rumpled suit flecked with bits of tobacco from an omnipresent pipe. At the University of Basel, where he taught for 27 years, students adored him. But amiable Karl Barth was anything but indulgent when he talked of man's relationship with...
DIED. Otto Frank, 91, father of Anne Frank and sole survivor of the family whose two-year hideout from the Nazis in a Dutch attic during World War II was so poignantly recorded in his daughter's world-famous diary; in Basel, Switzerland. Only Frank survived the family's concentration camp imprisonment. In later years he founded the Anne Frank Foundation, which reconstructed the family's hideaway as a museum and converted the rest of the building into an international youth center...
Valium's maker was founded in 1896 by Fritz Hoffmann, a Basel marketing whiz whose first commercial success was a cough syrup. Though the firm became the first to synthesize vitamins, among other feats, it was the development of Valium and Librium in the early 1960s that made it a leading pharmaceutical company. While the secretive Roche has 122 facilities around the world, it did not publish its first consolidated account until 1974. The firm is publicly owned, but its chief stockholders are mostly wealthy descendants of the founders or early executives who rarely trade their gilt-edged shares...
...could help retard senility "or sharpen the mind of an executive suffering from a hangover." He concedes that "unfortunately, we will never be able to produce geniuses with drugs." But if Roche can develop another winner like Valium, it might ease much of the anxiety at company headquarters in Basel...