Word: conferences
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Dutch Uncle. B.I.S. directors -among them central-bank governors from Britain, West Germany, France, Italy, The Netherlands, Belgium, Sweden Switzerland-confer monthly at Basel with emissaries from nonmembers U.S., Canada and Japan. That inner ring forms what financiers have dubbed "the Basel Club": eleven men whose banks control three-quarters of the world's gold and currency reserves. Originally set up in 1930 to handle reparations payments from World War I, the B.I.S. gained stature chiefly after the mid-'50s as European currency controls ended. From the regular meetings in Basel sprang such innovations as currency swaps...
...lonely conquest of the sea managed to survive all the hucksterism. "I have no interest in meeting a better class of person than the friends I already have," said Chichester. "I still much prefer to be appreciated by the connoisseurs." The admirers include Queen Elizabeth II, who will formally confer knighthood on Sir Francis next week in an unusual out-of-palace ceremony at the Royal Naval College at Greenwich. She will use the same sword presented by Elizabeth I to Sir Francis Drake after he brought home a plundered treasure from the Spanish Main nearly four centuries ago. Chichester...
...actually been pretty much of a troika operation, with policy matters largely entrusted to Blough, Worthington and Robert C. Tyson, 61, powerful chairman of the company's finance committee. Gott's elevation should do little to change that arrangement; like his predecessor, he will remain in Pittsburgh, confer with the New York-based Blough and Tyson by telephone...
...Pentagon and Trieste. Though all too clearly no Patton type, he is known nonetheless as the most gifted tank officer that the JCS has ever had-based on his cool performance in the second-floor Pentagon "tank," where the Joint Chiefs meet thrice weekly by themselves and confer each Monday with McNamara and Deputy Secretary Cyrus Vance. Wheeler is also at ease on Capitol Hill, even when that involves directly contradicting his superior. In recent testimony before congressional committees, Wheeler and McNamara have differed on several touchy issues...
...minister, who during his service as Foreign Minister in World War II managed with great sangfroid to butter up Thailand's Japanese masters while at the same time holding a top post in the resistance movement against Japan, early in 1945 led a secret mission to Ceylon to confer with the Allied command about organizing a Free Thai uprising, and was later awarded the U.S. Medal of Freedom; of stomach cancer; in Bangkok...