Word: basel
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First, U.S. officials at a meeting of central bankers in Basel endorsed the principle of intervention-apparently repudiating the tired U.S. position that the dollar's weakness is Europe's problem, not America's. At midweek the Federal Reserve agreed with foreign central bankers to increase by 50% (to $18 billion) the amount of foreign currency that the U.S. can borrow under a longstanding "swap" arrangement for use in buying up surplus dollars abroad. Finally, West German financial officials reported that there had been some limited official dollar buying-perhaps $100 million...
...probably would not have written the novel had I not been in jail," says Erdman. In 1970, he and other officials of the United California Bank in Basel, Switzerland, found themselves in one of the city's 17th century dungeons. The bank had collapsed after losing more than $30 million speculating in cocoa futures, and the books had been doctored to hide the losses...
...raise a bail set at nearly 1,000,000 Swiss francs. The Swiss have also attached his property and bank accounts. After he was sent to jail, he had to fall back on some formidable intellectual assets. In addition to having a Ph.D. in economics from the University of Basel, he has studied philosophy with Karl Jaspers and is a scholar of ancient Greek...
...Basel, Switzerland, the World Zionist Congress elects Theodore Herzl as president and declares its aim: "to create for Jewish people a home in Palestine...
Fighting a blinding snowstorm, the four-engine Vanguard turboprop locked onto the approach system at Basel-Mulhouse Airport and received permission to land. Inside Invicta International Airlines' flight "Oscar Papa" were 138 passengers, most of them housewives from neighboring towns in southern England on a package "shopping tour" to Switzerland. They were singing and chatting when they received routine orders to fasten their seat belts and were told: "We will be landing at Basel Airport within ten minutes." Oscar Papa never made...