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...coincidentally, hotel values and returns are soaring, as the recent battle for ITT Corp. (Sheraton) has demonstrated. His goal is to create, with international partners, a web of four- and five-star hotels around the world. He currently owns 50% of the Fairmont group, 30% of Movenpick, a Swiss chain, and 25% of the upmarket Four Seasons chain. He is the sole owner of the deluxe George V in Paris and owns half of the Inn on the Park in London and the Plaza in New York, plus 17 other luxury hotels. His blueprint calls for 42 new hotels...

Author: /time Magazine | Title: PRINCE ALWALEED: THE PRINCE AND THE PORTFOLIO | 12/1/1997 | See Source »

Unlike the millions of victims who perished in the Holocaust, the possessions they were forced to leave behind often survived the war. The search for lost gold and cash has recently focused on Swiss banks, but the quest for their art is broader, spreading throughout Europe and into the U.S. Experts estimate that there are scores, perhaps hundreds, of paintings, prints and lithographs stolen by the Nazis that are now in America's private collections and top museums. New York City's Metropolitan Museum of Art owns two allegedly looted paintings, one claimed by the Belgian government, the other...

Author: /time Magazine | Title: ART: SAVING THE SPOILS OF WAR | 12/1/1997 | See Source »

Blood Money is one of those clever essays, smoothly incorporating a large amount of footage into a clear summary of the Swiss involvement with Nazi gold during and after World War II. Film clips from Europe and America, from World War II and present, are neatly combined to form a cohesive synthesis. Blood Money makes a coherent and damaging, if biased, argument against the Swiss for their role in helping the Nazis hide the plunder they took from Jews and other victims of their regime. The moving testimony of many Holocaust survivors who are still seeking to recover money trapped...

Author: By Elizabeth A. Murphy, CONTRIBUTING WRITER | Title: Finally, a Festival Worth Seeing | 11/14/1997 | See Source »

...Reports" series, which doubtless explains the abrupt endings of various segments of the film (insert commercial here) and the ominous narration. A startled viewer might initially mistake Blood Money for "Unsolved Mysteries": even the most innocuous events are made to sound sinister, and phrases like "the darker questions [about Swiss neutrality] are beginning to emerge" abound...

Author: By Elizabeth A. Murphy, CONTRIBUTING WRITER | Title: Finally, a Festival Worth Seeing | 11/14/1997 | See Source »

Before I came to Harvard I did not feel culturally deficient. While my parents did not ignore my ethnic heritage (my mother makes a delectable Swiss peach cake and we have carried on a tradition started by my great-grandfather of having "plum pudding parties"), they seemed more interested in making me aware of U.S. history and culture than any other one. I have lived in Massachusetts all my life, and I pride myself on my detailed knowledge of the American Revolution from many visits to monuments and museums. My parents and I listened to American music, visited American architectural...

Author: By Barbara E. Martinez, | Title: Cultured Out | 11/12/1997 | See Source »

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