Word: switzerland
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Dates: during 1950-1959
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...bringing Europe together again by his diplomatic skill, let me please nominate Sir Anthony Eden as Man of the Year. LUBIN J. VALIS Zurich, Switzerland...
Soviet "cultural" ambassadors, once cloistered at home, are now sent abroad in clusters. In recent months Russia has sent cancer specialists to Brazil, orientalists to Britain, horticulturists and oceanographers to Paris, demographers and geophysicists to Rome, mathematicians and chemists to Amsterdam, philosophers to Switzerland, ophthalmologists to Canada, philatelists to India. Last week two Soviet scientists suddenly appeared in Manhattan for the closing days of Columbia University's Bicentennial...
...Bulova Watch Co. and Gruen Watch Co., in exchange for Swiss movements and parts, agreed to limit their U.S. manufacturing, import from no country except Switzerland, permit a cartel-hired accountant to audit their books...
...Three Swiss makers agreed to set up no plant in the U.S., while the U.S. subsidiaries of seven others allocated markets, restricted re-exports from the U.S., agreed to buy only from Switzerland...
...suit actually revealed nothing new. U.S. watchmakers have long known that the only way to buy Switzerland's low-cost movements ($4 for 17 jewels v. $10.50 for the same U.S.-made movement) and parts is through the decades-old cartel. The Swiss not only control sales of their watches, they also control sales of their top-quality watchmaking machinery, thus restrict watch manufacturing all over the world. While such obstacles to competition are against antitrust laws in the U.S., they are not illegal in Switzerland...