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Huge Losses. Leclerc is the 28th Swiss bank to go broke since 1970. Yet its problems are relatively insignificant compared with the scandal that is still building around one of Switzerland's Big Three banks, the Crédit Suisse (assets: $17 billion). For the past month, the Swiss banking community has reeled from one disclosure after another implicating executives of Crédit Suisse's Chiasso branch in illegal manipulation that resulted in huge losses. Crédit Suisse concedes that the sum could reach $100 million. Some outside sources put the potential losses as high...
...affair in Chiasso, a Swiss town on the Italian border, is a result of Switzerland's historic role as a haven for foreign money. For years, wealthy Italians had been lugging suitcases crammed with lire for deposit in Swiss banks; Crédit Suisse in Chiasso was a prime recipient. In 1975 the Swiss government became alarmed by the foreign-currency inflows that were forcing up the Swiss franc to unrealistic levels, harming Swiss exports. To discourage foreign depositors, the government slapped a 10% "negative interest" charge on large accounts held by non-Swiss...
...Center since 1973, says that a year or more after their treatment, 23 out of 24 patients showed no recurrence of breast cancer. In France, where he has treated some 500 women with iridium implants since 1961, Dr. Bernard Pierquin of Henri Mondor Hospital in the Paris suburb of Créteil reports a survival rate of about 75% to 80% after ten years-comparable to the results of radical mastectomies...
...going home to California. The cost of living on the Continent became too steep for Ketcham, 56, who first sketched the kid with the cowlick in 1951. Gripes he: "I don't mind paying nine Swiss francs for a jar of something labeled beurre d'arachide crémeux. But when you figure out that it means $3.75 for a jar of Skippy Creamy Peanut Butter, it's ridiculous." Ketcham also feared that he was on the verge of turning Dennis' all-American comic-strip household into chez Mitchell. Says he: "I may be leaving...
...appealing look and to stick to the old-style, combative feminism that doesn't fit into the U.S. status quo and values. And my guess is that the editors of Equal Times might do well by themselves and their paper to take a few mixed-income and mixed-race CR sessions. For the new breed of feminist among us CR translates as consciousness raising and in case you're unfamiliar with it, it's spelled...