Word: swiss
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...ravages of war and stimulated by a never-ending influx of capital from less fortunate lands, Switzerland has long sat rich and contented in the heart of Europe. Switzerland's economic life, in fact, has ticked along for years with the precision and balance of a fine Swiss clock. Last week the alarm rang loudly, waking the Swiss from their reverie...
Fearing that the nation's current economic boom is turning into dangerous inflation, the Swiss government drafted a series of tough measures to prevent that. It froze at the present level the number of jobs that can be held by foreigners in Switzerland and ordered that foreign deposits in Swiss banks may no longer be invested in the Swiss economy (though banks will still accept foreign deposits in customary secrecy). The government also put a one-year moratorium on the construction of "unnecessary" buildings (luxury homes or apartments, theaters) and curtailed funds for "necessary" public housing. Not since...
...conservative Swiss are deeply worried about the rising cost of living (up 11% in the past five years), a balance-of-payments deficit and the franc's declining buying power. Their troubles really stem from an overdose of success. To meet increased demand abroad for Swiss goods, Switzerland in the early 1950s began importing increasing numbers of workers, chiefly from Austria, Italy and Spain; foreigners now comprise one-third of the country's 2,000,000 work force. These workers have helped to raise Switzerland's gross national product by an impressive 9% for the past...
Four big U.S. companies-Campbell Soup, Carborundum, General Foods and Grumman-have already left Switzerland because of local restrictions. If the Swiss Parliament adopts the federal government's tough new program next month, as it is expected to, the exodus of U.S. companies is likely to increase. But the Swiss seem to prefer a possible drastic slowdown in their economy to the risk that foreigners might bring on further inflation...
Died. Gerald de Bary, 37, Swiss-born director (since 1955) of the Salt Lake City zoo; 30 hours after being bitten by an African puff adder, one of the world's deadliest snakes; in Salt Lake City. Suffering from a bad case of flu, Bary was about to clean the adder's cage when he felt dizzy, thrust an arm through the open door, attempting to steady himself-whereupon the adder struck. Said De Bary, shortly before he died: "Don't blame the snake. He was only protecting himself...