Word: swiss
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Dates: during 1960-1969
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...nearly a month, the nation's two leading par ties had been locked in a noisy wrangle over defense spending, and in the midst of it, conservative Defense Minister Georg Prader was hard put to explain how he blew this year's entire arms budget on 36 Swiss Oerlikon antiair craft guns. That brought the self-righteous charge from a Socialist Party news paper that the price of one Oerlikon would pay for 125 new workers' apartments. More to the point, however, was the fact that although the Oerlikon is deadly against low-flying planes, its maximum...
...Alsace's strongest push has come not from the French but from foreign companies that want to locate in the heart of the world's second-biggest market. More than a third of Alsace's new plants are either wholly or partially owned by Germans; the Swiss have 15 plants, the Americans 8. German-owned Triumph employs 800 people at a corset and girdle factory in Strasbourg; other German companies are busy making shoes, office equipment, and engineering and precision instruments. America's Timken Roller-Bearing has built the largest foreign-owned plant (1,000 employees...
...helter-skelter across the storm-tossed Florida Straits in everything from 110-ft. cruisers to leaky outboards. Last week the U.S. and Cuba were finally close to a formal agreement that will guarantee the "safe and orderly exodus" that the U.S. has been seeking from the first. In Havana, Swiss Ambassador Emil Stadelhofer spent more than seven hours talking to Castro, including one long session in a suburban pizzeria. Stadelhofer then reported that the Cuban dictator had agreed to do it more or less...
...imports traditionally run at about 3% of the gross national product. That total tends to rise sharply, however, in times of prosperity -and this year it has spurted faster than at any time in a decade. The surge may satisfy the fanciers, and the sellers, of Dutch beer, Swiss watches or Italian fashions, but it bothers the U.S. Government. The nation's trade surplus -the excess of exports over imports-is rapidly shrinking, thus reducing the base that the U.S. has used to support its foreign and military aid in the face of its chronic balance of payments deficit...
Most of EFTA's other members remained cool to the idea of strong action. Said Swiss Economics Minister Hans Schaffner: "It would be like asking a couple in a divorce action to adopt a child." At week's end the delegates settled for a mild expression of readiness to talk whenever the EEC is ready, authorized Haekkerup to press his views with the ambassadors of Common Market countries in Denmark (which he immediately did). That was a timorous step. Still, it showed that EFTA's members, no less than the EEC's "other five," agree that...