Word: swiss
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Dates: during 1990-1999
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...verge of fiscal collapse since Boston hit the skids in 1980. Plagued with rising needs, a shriveled treasury, dubious credit and ineffectual leaders, Philadelphia last week was sliding toward budgetary disaster. What may have been its last hope, a big new loan guarantee from the Swiss Bank Corp. fizzled at midweek, prompting two Wall Street credit-rating agencies to lower Philadelphia's bond rating and making the 308-year-old metropolis a prime candidate for insolvency unless it can raise $400 million by the end of September...
...trial of Thomas Clines. The former CIA official faces charges of tax evasion in connection with his role as a middleman in the illegal sales of arms to Iran. In 1985 and 1986, the government alleges, he made $882,000 in commissions; he stuffed some into a Swiss bank account and neglected to report the complete amount to the taxman. Walsh's first witness was Clines' business partner, retired Air Force Major General Richard Secord, who pleaded guilty last November to lying to Congress...
...American Red Cross spokesperson, Ann Stingle, said her organization will not participate in monitoring such shipments. The decision was made because Iraq last week refused to allow Swiss Red Cross officials to visit foreigners held in Iraq and Kuwait, she said in Washington...
Known for its quality and versatility, the Swiss Army Knife has long been the favored possession of many an adventurer. But can Swiss Army Sunglasses inspire the same level of affection? Switzerland's Victorinox, manufacturer of the famed blade, has given permission to its U.S. distributors to use the high-profile Swiss Army name for other products. A division of the Connecticut-based Forschner Group is starting to market a small shelf of quality wares designed to march in step with the knife's popularity. So far they include the sunglasses ($115), featuring a "precision-fit torsion system" that prevents...
Bizarre as it may seem to some Westerners, the prospect of Saddam's emerging as a populist idol is not farfetched. In a region rife with dissolute and spendthrift rulers, he is admired for his austere and disciplined habits. "He has no palaces, no Swiss bank accounts," says Major General Yusuf Kawash, a retired member of the Jordanian army. Saddam has positioned himself as an avenging Robin Hood, intent upon stealing the wealth of the affluent but uncaring gulf states and redistributing it to the impoverished Arab masses. Jordan's Hussein reinforced that reasoning early last week, when he said...