Word: switzerland
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Dates: during 1970-1979
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...like a summons home for the 13-year veteran of Time Inc. Son of one of Poland's most distinguished poets, Wierzynski was born in Warsaw only 2½ months before the Germans invaded. Though he left his homeland in 1946 for Switzerland and, seven years later, the United States, he has returned to Poland often, and family members proved to be good sources on this particular story. "Before leaving Washington," recalls Wierzynski, "I debriefed my mother, who had met the then Bishop Wojtyla several times while my parents lived in Rome." Later, in Warsaw, Wierzynski sought...
Strolling from his art-filled office through a bulletproof door to a balcony overlooking an immense trading room, Cairo-born André Levy pauses to deny a bit of gossip circulating among his fellow money dealers in Lausanne, Switzerland. He insists that it is just not true that his firm - somewhat whimsically named Tradition S. A. - exchanges half a billion dollars for stronger currencies each day. The actual figure, he states with aplomb, is "more than a billion dollars...
...about what the drop in the world's central trading currency is doing to the global structure of finance. Says Michel Grare, trader for Credit Lyonnais, a major French bank: "It's very worrying if one can't believe in the U.S. What, after all, is Switzerland? It could be fragile." Not a few money traders openly pine for the pre-1973 days of fixed exchange rates, when their business was quiet and orderly - much less profitable, to be sure, but infinitely less tearing on the nerves...
...speculation. Nor is it only a poor man's game. Executive Vice President Otto E. Roethenmund recalls one customer who bought between $50,000 and $100,000 worth of Swiss franc checks early in the summer - candidly telling the staff that he had no intention of going to Switzerland. Says Roethenmund: "To my knowledge the gentleman still owns them, so he has an appreciation...
Last week Sweden's Karolinska Institute underlined the importance of restriction enzymes by awarding the Nobel Prize for Medicine, this year worth $165,000, to a trio of pioneers in the field. The three, all microbiologists: Werner Arber, of the University of Basel in Switzerland, and Drs. Hamilton O. Smith and Daniel Nathans, Americans, both of Johns Hopkins University...