Word: swiss
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Dates: during 1980-1989
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...Continent. Sales of American Express vacations in Europe are up 70% over last year, suggesting the possibility that 1987 may come close to matching the record travel year of 1985, when 6.5 million Americans spent $6 billion on European travel. Says Helmut Klee, deputy director general of the Swiss National Tourist Office: "Two months ago, we would have hardly dared to , predict such a spectacular turnaround...
...Lieut. Colonel Oliver North attracted during the Iran-contra affair ranged from the heroic "Good" to the cryptic "B.G." (for "Blood and Guts") to the macho "Steel Hammer." But the most significant, and bizarre, could turn out to be "Belly Button." That improbable monicker was the name for a Swiss bank account containing $200,000 in Iran-arms profits that were set aside for the former National Security Council aide and his family...
Doris and Murdean Gulsvig were dishing out the special, Swiss steak -- $3.10, not including beverage. The Gulsvigs man the kitchen three or four days a month, as do the other volunteers. The cafe is open Monday through Saturday, serving breakfast and lunch only. When their labors are done, Murdean was saying of Doris, "she goes home exhausted and lays on the davenport, and maybe fixes me some soup and goes to sleep. I mean it's a lot of work...
Much of the testimony at the congressional hearings has revolved around the question of profiteering. Secord admitted that he and his business partner, Albert Hakim, hold in Swiss bank accounts some $8 million generated by the Iran-contra "enterprise." He said he had no interest in keeping this money and would gladly give it to the contras as a memorial to the late CIA director William Casey. But meanwhile he has taken court action to keep U.S. investigators from acquiring the bank records of these accounts...
Citicorp needed to act boldly because the foreign-debt uncertainty was sapping its ability to compete with aggressive rivals, such as the Japanese, British and Swiss. Only three years ago, Citicorp ranked as the world's No. 1 banking company. Last year it slipped to No. 5 behind a group of Japanese banking companies that are "beating Citicorp's pants off in international lending," according to Joan Goodman, who follows the industry for the Pershing brokerage firm. Because most of Citicorp's foreign competitors have already set aside large reserves against potential Third World losses, those banks have enjoyed higher...