Word: swiss
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Dates: during 1980-1989
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Earlier, Albert Hakim, who helped divert millions of dollars in U.S. Government profits from Iranian arms sales into secret Swiss accounts and siphoned some to the contras, was permitted to cop a plea. He admitted being guilty of a mere misdemeanor: helping to buy a security fence for Oliver North's suburban Washington home. In return, felony charges against him were dropped...
Home is Lugano, Switzerland, rather than Cambridge. The skates are laced up for games in the Swiss hockey league, rather than the ECAC. But for Lane MacDonald '88-'89, things haven't really changed that much...
...Swiss time, he is plopped on a couch watching television in a room full of hockey players. He cannot find Alex Trebek's mug on the tube, but the faces around him are familiar. In for a visit are former teammates Andy Janfaza '88, Steve Armstrong '88 and Gerald Green...
MacDonald is playing hockey for Lugano, one of 10 Swiss teams in a top European hockey league. The team has captured the league championship two of the past three years and, seven weeks into this season, holds second place. MacDonald, who skates on the top line, has seven goals in his first 14 outings...
...familiar trademarks now belong to someone else: the Dutch and the British, the West Germans and the Japanese, respectively. So do such U.S.-born corporate names as Smith Corona, Brooks Brothers and Pillsbury (all British); General Electric TV sets and home electronics (French); Wilson Sporting Goods (Finnish); and Carnation (Swiss). Last year foreign investors acquired nearly 400 U.S. businesses, worth a total of $60 billion. That was 61% more than the previous year and represented a drastic quickening of the pace five years earlier, when overseas buyers took over 111 companies, valued at just $2.2 billion. Foreign owners now control...