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...disaster was a clear consequence of go-go banking in Switzerland. Between 1965 and 1976, Swiss bank assets ballooned by about 480%, from $24 billion to $139 billion. Equally remarkable has been the expansion of the banks' foreign clientele. Today, better than a quarter of the Swiss banks' deposits are held by foreigners, v. only 7% at the end of World...

Author: /time Magazine | Title: BANKING: Less Go-Go in Switzerland | 7/18/1977 | See Source »

...Calcutta! opened in New York in 1969, it became at once an asterisk in theatrical history. Devised by Britain's man-about-the-theater Kenneth Tynan, it sought unabashedly to tap the voyeur market - or rather, that part of it unwilling to get its jollies in a topless go-go bar. Tynan's tease was dressed up with skits by Samuel Beckett, Jules Feiffer and Tennessee Williams, among others, and it was billed as an evening of "elegant erotica." Outraged clerics and unimpressed critics called it other things, but Calcutta ran three years in New York...

Author: /time Magazine | Title: Show Business: Back on the Bawds | 10/11/1976 | See Source »

Houston has always had a go-go tradition. The city started as a real estate promotion in 1836 and, says Louie Welch, a five-term Houston mayor who now heads the local Chamber of Commerce, "it still is." Since 1970, 14 major buildings have gone up downtown. What is surprising, though, is that these buildings display true design quality, while those in Dallas and Fort Worth by and large do not. The explanation is not wealth, but a lively competition between builders, plus the sophistication of Houston office-space renters...

Author: /time Magazine | Title: Environment: Downtown Is Looking Up | 7/5/1976 | See Source »

...hour rampage to protest the death of a radical youth during an earlier demonstration. Striking metalworkers, demanding higher pay, locked arms in Rome's Piazza Navona and with rhythmic solidarity chanted, "Governo Moro, te ne devi andá-da" ("Governo Moro, you've got to go-go"). Premier Aldo Moro's shaky Christian Democratic minority government was then more directly threatened by the 20,000 Italian feminists who poured through Rome demanding that the country's tough anti-abortion laws be rescinded. The abortion issue suddenly heated up into Moro's most pressing...

Author: /time Magazine | Title: ITALY: The Gun or Slow Poison | 4/19/1976 | See Source »

Change came to Mason City, Iowa, in the mid-'60s. The state approved liquor by the drink in 1963, and the first bars gradually appeared in town. Then came go-go dancers, and by 1965 they were topless. "Things that started in Des Moines pretty soon channeled down to cities our size," says the city's Chief of Police W.D. ("Wes") Greenan. "At first people got pretty upset, but there was nothing legally we could...

Author: /time Magazine | Title: Behavior: Mason City: A Porn-Fed Town | 4/5/1976 | See Source »

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