Word: elerly
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...Swiss electronics firm, ordered two machines used in the production of microcircuitry from Perkin-Elmer Corp. of Norwalk, Conn. After receiving guarantees that the equipment would not fall into Soviet hands, the U.S. Government approved the sale. Favag, however, promptly shipped the machines to a second Swiss company, Eler Engineering, which is reported to be a channel through which East bloc countries obtain Western technology...
...soon as the machines arrived, Favag resold them to another company, Eler Engineering, based in Geneva. Says Marc Villoz, a Favag director: "We pocketed a commission, and Eler got the machines. It's a normal commercial transaction, and we don't know or care where those machines are right...
...Micraligns were definitely not installed in Eler's Geneva offices. The company has no offices. Like hundreds of firms taking advantage of Switzerland's secretive banking and tax laws, Eler was represented in Geneva by a local lawyer, who has since cut her ties with the company. Eler is, in fact, run from Paris by Joe Lousky, a businessman specializing in import-export arrangements. Says Lousky of the Micralign deal: "This is a highly complicated affair. I have absolutely no way of knowing where those machines are right now." TIME has learned that the Micraligns were shipped...
...cities these days: plenty of rival newspapers. Three newspapers are published in Boston each morning, and three competed with the Traveler in the afternoon. No fewer than four separate managements cranked out 19 editions each weekday. Overcome by it all, Akerson announced last week that the Trav- eler will stop its presses for good on July 10, after 142 years of uninterrupted publication...
...possible too. The Navy held its fire until it had sold the submarine plan to the Joint Chiefs of Staff, knowing that the early developmental work on the submarine could apply as well to the engine for the new carrier. Then, a year ago, Navy Boss Admiral William Fech-eler took the carrier plan to the Joint Chiefs, argued with the Air Force for three months, and finally won J.C.S. approval on the ground that an atomic carrier had a logical place in the Navy's role of keeping control of the seas...
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