Word: swiss
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...Velcro 1941, by Swiss engineer George de Mestral, who noted how cockleburs stuck to his socks...
...season to be sorry. Volkswagen, Mercedes-Benz and other thriving German companies are now facing class-action suits from the thousands of slave laborers forced to work in their factories during the Nazi era, while Swiss banks that once swallowed Jewish assets have offered up $1 billion to Holocaust survivors. Former Bosnian leaders are facing international tribunals for crimes against humanity. And Jiang Zemin, his own human rights violations notwithstanding, has embarked this week on his first state visit to Japan, demanding written apologies from the Japanese government for its brutality in China during the 1930s and '40s-an apology...
...appears that the investigation into unclaimed bank accounts of Holocaust victims may cost the Swiss banking establishment a billion-plus francs (say $800 million)--perhaps more than the total value of the original deposits. The international investigating commission under PAUL VOLCKER, former chief of the Fed, says it needs until June 1999 to finish its work. The Volcker Commission has 500 chartered accountants combing through tons of archives at 63 banks, and those sleuths don't come cheap. The bankers are livid about the expense and time; some of the smaller banks are threatening to throw out the commission...
...YORK: They've already bought up Random House, Chrysler and even Rolls Royce this year. And now the world's biggest bank is no longer American or Swiss but German, following the announcement Monday that Deutsche Bank AG would officially gobble up BankersTrust for $10.1 billion. Is Germany trying to take over the world? TIME Brussels bureau chief James Graff says the country still has a lot of catching...
...curb crime by making drugs available to any citizen over the age of 18. But critics warned that such a system would turn Switzerland into a clearinghouse for foreign drug dealers and cut it off from the international police community. That prospect was distinctly unappealing to the Swiss, who last year voted to provide heroin to hard-core users and currently face one of Europe's highest rates of drug addiction -- about 30,000 in a nation of 7 million...