Word: swiss
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Dates: during 1960-1969
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Designed by Swiss-born Aerodynamicist Werner Pfenninger, the intricate tracery promises to be the first practical answer to a problem that is as old as airplanes: how to smooth out the turbulent air that burbles along the surface of a moving wing. Every airplane wastes some of its power overcoming the drag of that churning air, but not until modern planes moved up toward jet speeds did the drag demand a remedy. Slow planes can live with their own slight turbulence; a fast ship becomes a fuel-gulping monster as it fights the furious air waves that swirl and eddy...
...problem. Britain, the most highly developed capital market in Europe, effectively limits most of its loans to the Commonwealth and the sterling area. France imposes such heavy restrictions on capital that only 15% of the investment of its own businessmen comes from the capital market. The Dutch and the Swiss both clamp ceilings on what they will lend. Most German interest rates are so high-and bankers demand so much control over companies that they lend to-that earlier this year the prosperous Neckermann mail-order house sought almost all of a $10 million loan outside Germany ($1.2 million...
...months, the rumors have been flying around Paris that the fashion house of Yves Saint-Laurent was being backed by Swiss interests. In France's most sacred national industry,that was bad enough, but it was nothing compared with the awful truth.Already irritated at the incursions of U.S. industry and investment into France, the French learned last week that Saint-Laurent's backer is none other than an American: J. Mack Robinson, 39, an Atlanta insurance executive (Delta Life). Robinson was the secret patron who supplied financial backing for Saint-Laurent to start a dress house...
When Sjoukje was six, her father gave her a pair of skates and, says he, she "sped away immediately." Not long afterward she broke a leg skating, but Daddy pressed on. At ten, Sjoukje was studying in London under a Swiss-born trainer named Arnold Gerschwiler, and two years later she placed 14th in her first major competition-the European championships. At 13, she gave up formal schooling in favor of skating: she was twelfth at the 1956 Olympics, second at the 1960 Olympics, won the first of four straight European championships that same year...
...every three of the 23 million watches sold in the U.S. was a Timex. The company has become so cocksure about the attractions of its watches that it has just opened a plant in Besançon, France, just half an hour's ticking distance from the Swiss border, and hopes to take over a third of Common Market watch sales...