Word: swiss
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...adult beverage, both there and in one of the gourmet restaurants in the new park. (What would Uncle Walt think!) And plopped right in the middle of it all is the Grand Californian, a 751-room craftsman-style luxury hotel that's part Gustav Stickley, part Swiss chalet and all Disney...
...most Europeans, Switzerland is a conservative place of bank secrecy, chocolates and luxury watches. Now another product, cannabis, is on its way to becoming as quintessentially Swiss as the multifunction penknife. Berhard Machler is one man who appreciates the new trend in diversification. Machler is a manager and founding member of the Enetbrugg cooperative, a business north of Zurich that employs 200 people and racked up revenues of $5.5 million in 1999 by growing pot and selling it to the country's burgeoning network of legal hemp shops. The cooperative's revenues were lower last year, in part because...
...dried flowers." Today there are as many as 300. Official figures show 600 acres of fields producing marijuana for some 600,000 occasional-to-regular consumers. "A lot of shops are making a lot of money because the margins are very high," says Francois Reusser, president of the Swiss Hemp Coordination, who also runs the Zurich hemp shop Chanf...
...that could involve Dutch-style tolerance, subject to a few conditions: sales restricted to certain outlets and forbidden to minors or foreigners. After parliamentary debate, a new law could take effect in 2002. "We certainly don't want to become a country which exports cannabis," says Zeltner, "and the Swiss government will not take the step of legalizing the substance." But well-dressed men are already rolling joints in Swiss train carriages without fellow passengers' batting an eyelid. In practice, the distinction between the limited depenalization proposed by Swiss authorities and outright legalization is a fine...
...world? The prevailing mood at this year's World Economic Forum meeting in Davos was that the U.S., once the home of irrational exuberance and dotcom mania, is just so 20th century. Yet the five members of TIME's Board of Economists, which convened in the Swiss ski resort, were less than unanimous. No one disputed that the U.S. economy is slowing and could even grind toward a recession, though most agreed that a recovery would come by late this year. The hottest debate was over Europe's ability to isolate itself from the woes across the Atlantic...