Word: swiss
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Dates: during 1960-1969
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Sunrise Serenade. The Zurich bank, which occupies sleek second-floor offices on the Schützengasse, is a Swiss-chartered joint stock company with initial assets of $2.3 million. It has been christened Wozchod Handelsbank, or Sunrise Commercial Bank; Chairman Albert Nikolaevich Belishchenko, 36, a career banker who was formerly vice-director of Moscow's Gosbank, says the name refers to the spaceships that the Russians launched in 1964 and 1965. Belishchenko takes pains to allay Swiss fears that Moscow will use the bank to dump gold and otherwise disrupt the tiny nation's financial ties to other...
Traveling Salesman. "S.S.," as Kresge was called by subordinates, was famed for his penury, which he acquired in the eastern Pennsylvania farming country where his Swiss ancestors had established the small (pop. 500) town of Kresgeville 120 years before his birth. Sebastian's father was a hard-pressed farmer who had one farm seized by a sheriff for mortgage nonpayment; young S.S. helped support a later, smaller farm out of his $22-a-month salary as a schoolteacher...
Lebanon encouraged the influx of nervous money with a Swiss-like bank-secrecy law, low taxes and tariffs, complete absence of monetary controls (a freedom found today only in Lebanon and Canada). Spreading his investments farther than his sources of deposit, Bedas moved heavily into European real estate, began issuing traveler's checks, last year even joined New York's McDonnell & Co. in starting a mutual fund sold in the Middle East, Germany, Switzerland and Latin America. Despite the increasing complexity of Intra's operations, Bedas ran it as a one-man show, scoffed at bankers...
...Swiss from the puritan, theocratic city of Geneva, Rousseau had a checkered childhood. His mother died when he was born (in 1712), his father either spoiled him or neglected him. In his youth, he successively became an apprentice lawyer, an engraver and a vagrant. He wandered into the entourage of Mme. de Warens, a sprightly young matron and Catholic convert who was easily able to induce her young lover to accept the old faith. Later, when Rousseau wanted to resume the hereditary rights of a citizen of Geneva, he had to forswear his conversion. The road to and from Rome...
...March 1945, this private conduit had admitted an astonishing emissary onto Swiss soil: Nazi General Karl Wolff, commander of the SS (Hitler's elite Schutzstaffel) in northern Italy. Like many of his fellow generals, Wolff had lost faith in a Führer whose paranoia refused to see that Germany was losing the war; like few of them, Wolff was prepared to do something about it. Meeting with Dulles in Zurich, he proposed to deliver every enemy soldier in northern Italy to the Allied cause...