Word: swiss
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Stroll down Electric Avenue in Brixton, South London, and three guys might offer to sell you marijuana within five minutes. It's O.K.; the cops here won't arrest you for possessing a little. And it's no different on much of the Continent. Cedric, an 18-year-old Swiss student, smokes dope regularly with his friends on trains, in the streets and parks of Geneva, even during high school recess. "The teachers know about it but don't say anything," he says. In Marseilles two months ago, 20 crewmen on the aircraft carrier Foch had consumed cannabis so flagrantly...
...great blooming, buzzing confusion." That's how William James, writing more than a century ago, described the inner world of infants. Babies, unaware of the objects and people outside their bodies, see a kaleidoscope of shimmering pixels, he supposed. The famous Swiss psychologist Jean Piaget agreed: not until they are two years old do children fully appreciate that the world contains things that behave in predictable ways...
There has been a steady drumbeat of bad news on the job front in Europe. Just last month, the Swiss engineering firm ABB announced 12,000 layoffs, 8% of the company's workforce. Infineon, Europe's second-largest chipmaker, said it is downsizing 5,000 workers because of a slowdown in the electronics sector. Ericsson, Sweden's big telecom equipment provider, said it would stop making mobile phones - a decision that will put 2,600 out of work in southern Sweden. In fact, in just a single week in late July, European companies announced a total of 30,000 layoffs...
Mack took over at CSFB, like Morgan a power player in global banking and trading, after its Swiss bosses sacked CEO Allen Wheat two weeks ago. Mack was available, having left the No. 2 job at Morgan Stanley in March following a huge career miscalculation. After Morgan Stanley merged with Dean Witter a few years back, Mack thought he would get to run it. He didn't, so he moved on. That's the way it is with type A's, a breed drawn to Wall Street like suckers to a flawed...
...them omit the usual "evil-cult" epithet from comments on the underground Falun Gong spiritual movement. Phillips even solved Beijing's dreaded puppy problem. Many Chinese eat dogs, and dog farms import the frozen sperm of St. Bernards to breed quick-growing canine roasters. Beijing officials were certain that Swiss visitors would protest at seeing their rescue pooches on chopsticks, and they wanted a response ready. So, Phillips advised, "just tell them Chinese find it strange that Europeans eat horses...