Word: liechtensteiner
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Dates: during 1970-1979
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Ever since the French Revolution, the specter of a militantly left-wing government has periodically caused wealthy Frenchmen to dispatch their gold and cash to safe harbors abroad. This year an unknown number of businesses and petits bourgeois have been illegally transferring their liquid assets to Switzerland, Liechtenstein and other countries with strong currencies and discreet bankers. The reason for this unseemly flight of capital was explained by a recent public opinion poll. It showed that President Georges Pompidou's Gaullists and their allies were fast losing ground to the Communist-Socialist coalition in next month's parliamentary...
...money for other purchases. This is common and legal museum practice in the U.S., though not in England or Europe. But what provoked the A.D.A. was the discovery, reported by John Canaday in the New York Times, that last May the Metropolitan had secretly sold two paintings to the Liechtenstein branch of a leading international dealer, Marlborough Fine Art. The pictures were Henri Rousseau's The Tropics and The Olive Pickers by Van Gogh. Last week the Met disclosed that two more of its paintings, a Modigliani and a Juan Gris, had also been traded to Marlborough...
There were plenty of acceptances, from King Hussein to Princess Grace and Prince Rainier, as well as Soviet President Nikolai Podgorny. But most of the visitors were lesser-knowns, such as King Moshoeshoe II of Lesotho, Liechtenstein's Prince Franz Joseph and Swaziland's Premier Prince Makhosini...
...several small nations. It is the world's largest private mint, and it concentrates on turning out commemorative medals. The security precautions are not as outrageous as they might seem. In the past few years Franklin Mint has surpassed that nonstop disgorger of postage stamps, the principality of Liechtenstein, as the world's most profitable manufacturer of things created solely to be collected...
Bland and Boring. Since 1960 Veronica, an old German lightship owned by the Worldwide Trading Co. of Liechtenstein, has beamed advertisements, contemporary pop music and news to Dutchmen bored with the conservative blandness of The Netherlands' three state-subsidized radio stations. Veronica became so popular that the Dutch government refused to ratify the 1965 Strasbourg convention for fear of losing votes. That agreement bars pirate stations from the territorial waters of the European nations that have signed it, and makes it illegal to supply programs or ads to such radio ships...