Word: swiss
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...dollar's current strength is a mirror image of its weakness in the late 1970s, when it sank to new lows against the West German mark, the Swiss franc and the Japanese yen. Then, many of today's problems were reversed. The abject dollar worsened U.S. inflation by raising the price of imports. European leaders angrily charged that the weak American currency made U.S. exports too cheap and was thus hurting the sale of European goods. The failing dollar also encouraged the Organization of Petroleum Exporting Countries to keep jacking up oil prices since member countries were being...
...much to look forward to, is it?" 1947: Barbara Hutton, 34, was having some more despite her famed swearing-off statement of last April. ("You can't go on being a fool forever," she said then.) The synthetically svelte heiress married her fourth in a snowy Swiss town, Chur. The groom was a Lithuanian prince-handsome Igor Troubetzkoy...
...April 1982, Rich refused to comply with a grand jury's request for documents from his headquarters, arguing that as a Swiss company, the firm was immune to the order. After more than a year of endless motions and appeals, Judge Sand retaliated in late June by ordering Rich to pay a $50,000-a-day contempt fine. Before payments were suspended two weeks ago, Rich's company had paid $3.8 million in fines. In an apparent ploy to escape further fines, Rich and Green in early August secretly sold their U.S. subsidiary to other officers...
...Rich case has been complicated by an ongoing struggle between U.S. courts and Switzerland. Judge Sand has insisted that the courts had the right to Rich's documents, but Swiss officials said that they were protected by that country's famed business-secrecy laws. After the U.S. attempted to get the Rich documents, Swiss officials seized many papers at Rich's headquarters in Zug to keep them from the Americans. Justice Department attorneys claim that the documents contain "golden nuggets" that would enable them to prove twice as much tax evasion as is currently charged. The Swiss...
Even if they cannot get Rich and Green, U.S. attorneys plan to prosecute Rich's Swiss and U.S. companies and one of Rich's associates in the Listo scheme, Clyde Meltzer, 38, of New York City. Meltzer is expected to appear in court for arraignment this week...