Word: luxembourgers
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Dates: during 1970-1979
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Only nine countries in the world had an unblemished record: Austria, Iceland, Luxembourg, Norway, Fiji, Bahamas, Bermuda, Canada and Costa Rica. The U.S. was not listed among them. Though not charged expressly with political repression, it is nonetheless criticized for the resumption in some states of the death penalty, which Amnesty International seeks to abolish everywhere...
...paneled offices of private bankers. Fearful that they might be trapped in the crossfire of the U.S.Iranian economic war, many European moneymen were distressed at the haste with which U.S. banks have declared Iranian loans in default and have seized Tehran's overseas assets. Complained an angry Luxembourg banker: "Third parties are being unnecessarily drawn into the conflict. The Americans are displaying Wild West manners and throwing clubs that will boomerang." Countercharged a U.S. banker in London: "The Europeans have no guts. The dollar is one of the few weapons we have and, believe me, we intend...
Uncertainty envelops the figures because nobody has ever seen or touched these ''Eurodollars'' or any of the other ''Eurocurrencies.'' They exist only as bookkeeping entries at banks in such hot-money havens as London, Luxembourg and the Cayman Islands...
Private bankers warn that attempts to regulate will fail. If Eurocurrency lending is regulated in London or Luxembourg, they say, it will only sail away to Singapore or Bahrain, where no controls are likely to be imposed. If the Federal Reserve restricts U.S. bank branches, borrowers will simply shift their Eurodollar business to foreign branches. Bankers also insist that these markets will be needed to lend the developing countries the $50 billion they will need over the next year to pay their oil and industrialization bills...
Georges Bonnemaison, a sportswriter and jazz critic for the Toulouse paper Dépêche du Midi, and his wife Régine venture into Central Park. Apparently expecting the tranquillity of Paris' Luxembourg Gardens, they confront instead bongo drums, tape decks, roller skaters, family picnics and baseball games. "Trap décontracté," says Mme. Bonnemaison, disgusted. Too relaxed. "Everyone does just what he wants!" New York is an interesting place to visit, but although they are amazed to find people actually living there, obviously it is impossible. Mixed reviews, thumbs waggle...