Word: switzerland
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Dates: during 1960-1969
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...Union, declared: "The time for a raise is now or never." Prosperous French Automaker Peugeot, whose parts plant is near the Swiss border, has traditionally relied on local farmers for workers. But this year, in full production and squeezed by a labor-tight France and a labor-short Switzerland, Peugeot had to grant a 5% wage boost and a bonus besides. In Copenhagen, when management gave in to a wildcat strike of women workers at the Tuborg and Carlsberg breweries, it was fined $15,000 (the maximum) by the Danish employers' association. The pressure to raise European wages...
Walls That Cry. Not only France but Germany, Switzerland and the Scandinavian countries are becoming customers of Aubusson. The U.S., which until last year imposed a 60% duty on modern tapestries, has not yet begun to buy in quantity. Last month a group of U.S. artists, including Stuart Davis, Ben Shahn and Theodores Stamos, formed the Society of American Tapestry Designers in the hope of enticing other Americans to take their place beside the Europeans. Lurçat and his colleagues do not worry about competition: not only are tapestries more in demand; they are also getting bigger...
Milan's factories pour out motor scooters and motor cars, turbines and typewriters, boilers and books. With less than 1/25th of the nation's 50 million people, hardworking Milan pays 26% of Italy's national tax bill. Sometimes the Milanese jokingly threaten to secede and join Switzerland. If they did, the remainder of Italy would sink in economic significance to the level of Greece or Portugal...
...hour in Japan, 60? in Germany v. $2.25 in the U.S. International Harvester, which imports its small diesel tractors from a British subsidiary, sells them for $2,800, compared with an estimated $3,400 they would cost if made in the U.S. Hamilton Watch bought a factory in Switzerland last year, now makes its lowest-priced watch there...
...France, tourists can save up to 20% in local taxes by paying in traveler's checks. In England, the local tax can be saved by showing a U.S. passport and having the goods shipped to the airport or ship, or directly to the U.S. In Switzerland, the tourist can cut about 15% off the list price of watches by some haggling (a reliable 17-jewel watch costs about $25, a self-winding watch about $40). In Belgium, best buys are handmade lace in Bruges (at Durein) or Brussels (at Diane Dirgent), hunting rifles from Bury Donckier in Liege...