Word: cash
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Dates: during 1960-1969
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...again for Spain's Dictator Francisco Franco. Ten weeks after settlement of the first successful strike in El Candillo's 25-year reign, the tough coal miners of Asturias once more were leaving the pits, pressing demands for a five-day week and calling for still more cash to add to their newly won wage increases. At week's end 10,000 workers at 15 mines were...
Secrecy is more than just an honored tradition to the Swiss banker-it is also a potent lure to his clients. International merchants, grafting bureaucrats, tax dodgers, insecure Latin American chieftains-from all over the world they come to deposit their cash in Switzerland's 4,000 banks (one for every 1,360 citizens...
Bankers complained that the measure would hurt Switzerland's reputation as a haven for legally protected cash-however illegally it might have been acquired -but the government assured them that the same old secrecy would remain for all but the inactive accounts. Anyway, said one government official, it is important that "Switzerland should not get a reputation as a country trying to enrich itself with the fortunes of victims of horrendous persecutions...
Undercapitalization and overexpansion were the roots of Schlieker's troubles. He had built his entire empire on a financial base of only $5,000,000, depending on advance payments for the ships he was building to ensure a steady cash inflow. But when the shipbuilding market softened, buyers balked at paying in advance, and Schlieker was caught short. A preliminary audit put his total indebtedness close to $25 million...
...bring about the consolidation, the government held out the lure of fat missile and military jet contracts, which have proved to be illusive. Finding U.S. missiles to be both cheaper and further advanced, the government canceled the bulk of its British programs. And, strapped for cash, it has delayed on re-equipping the RAF and Royal Navy with modern fighters. British military planemakers fell so far behind that they recently lost a big sale of supersonic fighters to India, which prefers Russian...