Word: switzerland
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Dates: during 1950-1959
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...wealthy Lausanne family and a respected Greek scholar (his translation of Antigone was played last fall at Paris's Comédie Française), Professor Bonnard has one eccentricity-he heads the Swiss branch of the Red-run World Peace Partisans. Last week the Swiss Federal Council, Switzerland's national executive body, announced that it regards Professor Bonnard's activities as more than eccentric...
...Budapest, then in 1944 went to a family castle in Czechoslovakia. When the Russians arrived, they let the family keep three of the castle's 80 rooms. The rest they appropriated, including the "spoons and forks and everything in the bank." Countess Kalnoky fled to Switzerland, thence to Mexico...
...nations are as dependent on a single product as Switzerland is upon its world-famed watches. The manufacture of precision timepieces employs 10% of its labor force, accounts for 22% of the nation's total exports. The U.S. takes more than half of this total, thus provides Switzerland with dollars that help make her economy the soundest in Europe. Last week the usually complacent Swiss watchmakers were wound up tight as an over-stressed mainspring. The U.S. Tariff Commission had reportedly recommended to Harry Truman that duties on Swiss watch movements be raised. This would drastically cut Swiss exports...
...Federation of Watch Manufacturers, reminded the Tariff Commission that Swiss imports "provide a livelihood for 15,000 Americans . . . engaged in the manufacture of cases, dials, watch straps and other accessories . . . and that these imports provide the major profit for 30,000 [U.S.] jewelry stores." Furthermore, the watchmen pointed out, Switzerland buys $5 worth of U.S. products for every $3 worth of its products that it sells...
...American Watch Association, which represents such American-owned companies with Swiss subsidiaries or plants as Benrus, Bulova, Gruen and Longines-Wittnauer, was quick to point out that out of every dollar spent in the U.S. for a Swiss watch, 85? stays in this country; only 15? goes to Switzerland. It was estimated that for every dollar the U.S. Tariff Commission may tack on to Swiss movements, the U.S. consumer will have to pay about $6 more the next time he buys a timepiece. Actually, the matter is more than an argument over watches: the outcome may well serve...